A pedestrian walks past a Victoria’s Secret shopping front and drives up Robson Street during the COVID-19 crisis on April 17, 2020 in Vancouver, Canada. Andrew Chin | Getty Images Here are the stocks that make headlines in midday trading. L Brands – Shares of L Brands led the S&P …
Read More »Airbnb announced ‘world holiday ban’ in public health interest
People are celebrating on a rooftop in Kips Bay as the city continues Phase 4 from reopening due to restrictions imposed to slow down the spread of coronavirus on August 1, 2020 in New York City. Noam Galai | Getty Images Airbnb announced Thursday a worldwide ban on all parties …
Read More »China offers glimpses into retail business post-coronavirus, Bain report says
The headquarters of Alibaba Group Holdings Ltd. will be lit at night ahead of the annual November 11 Singles’ Day online shopping event in Hangzhou, China, on Sunday, November 10, 2019. Qilai Shen | Bloomberg | Getty Images The post-coronavirus retail industry will benefit greatly from the online shopping trends …
Read More »Traders choose the prize winners ahead of quarterly versions
It is the time of retail in the spotlight. Walmart, Home Depot, Kohl’s and Target are among the names reporting this week. This comes after July in retail sales recovered all pandemic losses from coronavirus. Delano Saporu, founder of New Street Advisors, said it makes sense to stay with the …
Read More »SoftBank swings to profit after record loss when Vision Fund returns
Masayoshi Son, Chairman and CEO of SoftBank Group at the SoftBank World 2018 event in Tokyo, Japan. Kiyoshi Ota | Bloomberg | Getty Images SoftBank Group posted a quarterly profit of $ 12 billion on Tuesday after reporting historic losses of $ 13 billion for its last fiscal year. The …
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