Monday, 25 Jan 2021

Business

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Top 20 hedge funds earned most in a decade for clients last year

BOSTON (REUTERS) – The world’s 20 best-performing hedge funds earned US$63.5 billion (S$84.3 billion) for clients in 2020, setting a record for the last 10 years during a chaotic time when technology oriented stocks led a dramatic rebound from a pandemic induced sell-off, LCH Investments data show. As a group, the most successful managers earned […]

NYT Rebukes Claims That Editor Was Fired Over ‘Single Tweet’

The New York Times is pushing back against a narrative coalescing around the recent firing of an editor. Lauren Wolfe, a freelance editor for The Times’ “Live” page and a journalist who has written elsewhere about violence against women and girls, was reportedly terminated by the paper after she tweeted late last week “I have […]

Tech firms lift markets but won't save the day

One of the most perplexing phenomena last year has been the performance of stock markets. Unperturbed by more than 60 million confirmed cases of Covid-19 and 1.5 million deaths, share prices continued their upward trajectory. As global economic activity contracted by more than 4 per cent and hundreds of millions of jobs were lost, stock […]

Walmart Says It Is Gearing Up for COVID-19 Vaccine Rollout

Walmart Inc. says it is taking steps to offer large-scale COVID-19 vaccinations at its pharmacies.  The retailer, which runs more than 5,000 pharmacies around the country, said Friday it is training pharmacists and technicians and coordinating with government agencies. Walmart is not requiring its workers to receive the vaccine, nor is it providing incentives for […]

Shopping in a COVID-19 Hot Spot: Los Angeles

If you were to wake up today from a yearlong sleep, get up, and decide to go out and do some shopping in Los Angeles, it would probably take a minute to catch on that something is different. Malls and popular shopping drags in the city, a verified hotbed of COVID-19 infections since late November, […]

SFA’s Marc Metrick on the Pandemic, Changes and Leadership

With the outbreak of COVID-19, Saks Fifth Avenue was “prepared” to meet customers’ needs, with changes to the luxury retailer’s website, and personalization and service advancements, already in motion. That perspective came from Saks’ president and chief executive officer Marc Metrick, who spoke at the National Retail Federation’s “Big Show” virtual conference. “We re-platformed our […]

IBM revenue disappoints as software sales mark rare decline

(Reuters) – IBM Corp missed Wall Street estimates for quarterly revenue on Thursday, hurt by a rare sales decline in its software unit as clients shied away from longer-term deals due to pandemic-induced economic uncertainty.FILE PHOTO: The logo for IBM is seen at the SIBOS banking and financial conference in Toronto, Ontario, Canada October 19, […]

Biden halts oil and gas leases on U.S. land, water for 60 days – The Denver Post

BILLINGS, Mont. — The Biden administration announced Thursday the suspension of new oil and gas leasing and drilling permits for U.S. lands and waters for 60 days as part a broad review of programs at the Department of Interior. The move follows President Joe Biden’s campaign pledge to halt new drilling on federal lands and […]

Biden halts oil and gas leases on U.S. land, water for 60 days – The Denver Post

BILLINGS, Mont. — The Biden administration announced Thursday the suspension of new oil and gas leasing and drilling permits for U.S. lands and waters for 60 days as part a broad review of programs at the Department of Interior. The move follows President Joe Biden’s campaign pledge to halt new drilling on federal lands and […]

Analysis: Jack Ma's reappearance fails to soothe all investor concerns

NEW YORK/BOSTON (Reuters) – Jack Ma’s 50-second video reappearance may have buoyed Alibaba Group’s shares, yet it has done little to resolve the Chinese e-commerce giant’s troubled relationship with regulators that is making some investors hesitate about owning its stock.FILE PHOTO: Alibaba Group co-founder and executive chairman Jack Ma attends an event at the World […]