A man wearing a mask as a preventive measure against the spread of Covid-19 walks in London. May James | SOPA Images | LightRocket via Getty Images The U.K. economy contracted by 9.9% in 2020, its largest annual contraction since records began, as the coronavirus pandemic ravaged economic activity. In the final quarter of the
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Chris Ratcliffe | Bloomberg | Getty Images LONDON — Bill Michael, U.K. chairman of accounting giant KPMG, has quit his role after telling staff to stop moaning about the coronavirus pandemic during a virtual meeting earlier this week. KPMG on Friday confirmed that Michael, who has headed up the U.K. firm since 2017, had resigned
Take a look at some of the biggest movers in the premarket: Walt Disney (DIS) – Disney reported quarterly profit of 32 cents per share, surprising analysts who had expected a loss of 41 cents per share. Disney saw a not-unexpected slump in theme park attendance and box office results due to Covid, but the
The New York Stock Exchange welcomes Desktop Metal Inc. (NYSE: DM), today, Thursday, December 10, 2020, in celebration of its listing. To honor the occasion, Ric Fulop, Co-Founder and CEO, rings The Opening Bell®. NYSE Roger Lee of Battery Ventures says that “SPAC” used to be a “bad four-letter word” in Silicon Valley. Now, the
Luis Alvarez The GameStop bubble has come and gone but the rookie investors who speak emoji and Reddit may be here to stay with big implications for brokerage firms, as well as traditional investors who must pay closer attention to where this fast-moving, smartphone app-wielding crowd is moving next. “We believe some of the new
Fourth generation cattle rancher Loren Poncia has made Stemple Creek Ranch carbon positive. He’s implemented rotational cattle grazing systems that allow soil and grass to recover, applied compost on pastures and planted worm farms and chicory that aerate the soil. Courtesy of Paige Green President Joe Biden has called on U.S. farmers to lead the
A visitor wearing a mask walks outside the Shanghai Disney Resort, that will be closed during the Chinese Lunar New Year holiday following the outbreak of a new coronavirus, in Shanghai, China January 24, 2020. Aly Song | Reuters Check out the companies making headlines in midday trading. Walt Disney Company — Shares of the
Senator Amy Klobuchar speaks at the Democratic 2020 U.S. presidential candidates debate at Saint Anselm College in Manchester, New Hampshire, U.S., February 7, 2020. Brian Snyder | Reuters There is growing hostility to mergers and acquisitions (M&A) among an increasing number of policymakers in Washington, D.C. Last year, some in Congress called for a merger
The bronze Charging Bull in the financial district of New York City. Robert Nickelsberg | Getty Images LONDON — The SPAC craze is starting to gain some momentum in Europe. After a banner year for so-called special purpose acquisition companies in the U.S., a growing number of blank-check firms are raising funds with the intention
Traders work on the floor of the New York Stock Exchange. NYSE Futures tied to major U.S. equity benchmarks were flat in overnight trading on Thursday as Wall Street looked set to wrap up the week with modest gains. Dow Jones Industrial Average futures dipped 27 points. S&P 500 futures and Nasdaq 100 futures both