Month: November 2020

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Simon’s Balance Sheet Takes Big Hit in Q3 — But Mall Giant Signals Optimism About Stronger Shopper Traffic and Retailer Sales

November 10, 2020 admin Comments Off on Simon’s Balance Sheet Takes Big Hit in Q3 — But Mall Giant Signals Optimism About Stronger Shopper Traffic and Retailer Sales

“Despite COVID-19, we are encouraged by the increases we are seeing in shopper traffic, retailer sales and tenant rent collections across our portfolio,” chairman, president and CEO David Simon said in a statement. …read more […]

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Zoom Founder Drops $5 Billion as Vaccine Hits Covid Winners

November 10, 2020 admin Comments Off on Zoom Founder Drops $5 Billion as Vaccine Hits Covid Winners

(Bloomberg) — Eric Yuan is, in many ways, the poster child for the coronavirus economy.His Zoom Video Communications Inc. has hosted school lessons, family gatherings and business meetings for more than 300 million participants a day during the pandemic. The stock of the video conferencing site has soared more than 500% this year and Yuan, a Chinese-born immigrant to the U.S., was at one point worth $28.6 billion — the 40th wealthiest person on the planet.That remarkable surge took a hit Monday after Pfizer Inc. said the Covid-19 vaccine it’s developing with BioNTech SE prevented more than 90% of infections …read more […]

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Lowe’s Is Said to Be in Talks to Acquire HD Supply

November 9, 2020 admin Comments Off on Lowe’s Is Said to Be in Talks to Acquire HD Supply

(Bloomberg) — Home improvement retailer Lowe’s Cos. is in preliminary talks to buy building products distributor HD Supply Holdings Inc., according to people familiar with the matter.Talks are ongoing, said the people, who asked to not be identified because the matter isn’t public. No final decision has been made and discussions could fall through, the people said.It’s unclear whether HD Supply is talking to other suitors.Representatives for HD Supply and Lowe’s didn’t immediately respond to requests for comment.HD Supply rose 0.6% to close at $43.75 in New York on Monday, giving the company a market value of about $7.1 billion. …read more […]

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How Investors Can Gain a Big-Money Edge

November 9, 2020 admin Comments Off on How Investors Can Gain a Big-Money Edge

Since time immemorial, investors have always sought an “information edge” to boost their returns.
For example, legendary investor Nathan Rothschild famously made a killing in the markets in 1815 when he received news before everyone else in London that Napoleon had been defeated at Waterloo.
That sort of thing is impossible today, of course.
The internet is the Great Democratizer when it comes to newsworthy information.
As soon as something important happens, everybody knows it… almost instantly.
You would think this would level the playing field so that everyone earns high returns.
Alas, that is hardly the case.
Instead, a small minority of us are enjoying almost …read more […]