They say the only thing constant in life is change. This is true for businesses as well. The changes that have occurred since the beginning of the COVID-19 pandemic have been profound, resulting in a major reassessment of business models.
Archiv für den Monat: Januar 2021
Tech and health care will be 2021’s big winners, $30 billion money manager predicts
Eaton Vance’s Yana Barton prefers to stick with what’s working in the market.
Stocks making the biggest moves in the premarket: Bed Bath & Beyond, Walgreens, CureVac & more
The stocks making the biggest moves in premarket trading include Bed Bath & Beyond, Walgreens, CureVac, and more.
Banking software start-up Mambu raises $135 million at a $2.1 billion valuation
Mambu is the latest financial technology company to achieve the coveted status of „unicorn.“
China compares U.S. Capitol riots with Hong Kong protests
In response to the U.S. riots, China’s Foreign Ministry spokesperson Hua Chunying compared the mobs on Capitol Hill with protests in Hong Kong in 2019.
China locks down part of province outside Beijing as coronavirus cases spike
Shijiazhuang, the capital of Hebei province, reported 50 new confirmed coronavirus cases and 67 asymptomatic ones for Wednesday.
Walgreens shares rise after its earnings top estimates, fueled by higher drug sales
Walgreens said its pharmacy sales picked up in the U.S. as it filled more prescriptions, but it continued to have less foot traffic during the pandemic.
Bed Bath & Beyond shares drop as retailer’s earnings fall short; store closures, divestitures weigh on sales
Bed Bath & Beyond reported a third-quarter sales decline of 5%, which it said was largely due to its shedding of noncore assets and ongoing store closures.
Reminder: It is US non-farm payrolls week
The US non-farm payrolls report will be out tomorrow
The estimate is for a +62K reading, which is relatively on the softer side. However, the yesterday highlights some potential downside risk to the figure.
The estimate is for a +62K reading, which is relatively on the softer side. However, the yesterday highlights some potential downside risk to the figure.
ECB’s Weidmann: ECB must ensure emergency tools don’t turn permanent
Comments by ECB hawk, Jens Weidmann
The headline comment is notable as it will be more of a heated topic later in the year if the economic recovery keeps on track. That will also start to bring into question the PEPP fulfilment by the ECB before it expires in June next year.
The headline comment is notable as it will be more of a heated topic later in the year if the economic recovery keeps on track. That will also start to bring into question the PEPP fulfilment by the ECB before it expires in June next year.