Commentary Over the last several years, the Chinese property market has seen ebbs and flows, but has mostly been on an upward trajectory carefully managed by Beijing. While that fueled the growth of China’s gross domestic product, it also created property asset bubbles, caused massive debt loads, and contributed to unhealthy wealth gaps. Beijing’s recent…
Is Beijing Loosening Its Property Market Policies?
November 12, 2021
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Order Growth Drives Siemens’ 18 Percent Revenue Surge in Q4, Proposes to Raise Dividend
Siemens AG reported fourth-quarter FY21 revenue growth of 18 percent year-on-year to €17.4 billion. Orders rose 26 percent Y/Y to €19.1 billion. Orders increased 16 percent, and revenue rose 10 percent on a comparable basis. Adjusted EBITA margin for Industrial Businesses was 13.8 percent versus 18.7 percent last year. Basic EPS was €1.45, a 34 percent decline from last year….
Why Are Paysafe Shares Plunging Today?
Paysafe reported a third-quarter FY21 revenue decline of 1 percent year-on-year to $353.6 million, missing the consensus of $370.6 million. Total Payment Volume of $31.1 billion increased 19 percent Y/Y. Segments Integrated Processing revenue grew 3.5 percent Y/Y to $186.9 million, Digital Wallet revenue declined 15.1 percent Y/Y to $83.7 million, and eCash Solutions revenue increased 10 percent Y/Y…
S&P 500, Nasdaq Rise After Inflation-Led Rout; Disney Weighs on Dow
The S&P 500 and Nasdaq rebounded on Thursday from two days of inflation-driven selloff, but losses in Walt Disney due to slowing subscriber growth in its streaming video service weighed on the Dow. A record-breaking rally in Wall Street’s main indexes had come to an end earlier this week as recent inflation reports suggested that…
When This 22-Year-Old Graduated From MIT, He Thought He’d Be a Software Engineer. Instead, He Launched a Company That’s Shaking up the College-Admissions Game.
By Amanda Breen For decades now, the competition for spots at prestigious U.S. colleges has been fierce, and the odds are not in most applicants’ favor: In 2014, The New York Times reported that elite colleges reject up to 95 percent of the applications they receive. And according to recent reporting by AP News, the percentage…
Fed Officials Turn Focus to Rate Debate, Eye on Jobs, Inflation
WASHINGTON—U.S. Federal Reserve officials on Monday turned their focus toward a debate over monetary policy that will heat up in coming months as the Fed slows the pace of its asset purchases, clearing the decks for interest rate hikes as soon as next year. At the center of the debate will be an assessment of…
Wall Street Closes Up on Infrastructure Gains but Tesla Weighs
NEW YORK—Wall Street stocks ended slightly higher on Monday, rising early after passage of an infrastructure spending bill but paring gains late as sliding Tesla shares weighed the indexes down. Still, the S&P 500 and the Nasdaq extended their run of all-time closing highs to eight straight sessions. The blue-chip Dow notched its second consecutive…
Google Parent Alphabet Crosses $2T Mark, Sharing Podium With Apple, Microsoft
Alphabet Inc GOOGL rallied on November 8 to surpass the $2 trillion in market value for the first time, rubbing shoulders with Apple Inc and Microsoft Corp, Bloomberg reports. What Led To Growth? A rebound in spending on digital ads and growth in its cloud business fueled the rally. The Class A shares gained as…
This 5,000-Year-Old Chinese Board Game Can Help Your Business Make Millions
November 8, 2021
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BusinessBusiness & EconomyBusiness ColumnistsChinese Board GameGoMind & BodyMindsetTechTips & Tricks
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By Roman Kumar Vyas Every week, our team at Refocus plays the ancient Chinese board game Go. It’s not just for team-building or fun. Go is a powerful tool for pumping strategic thinking into business. The game, which is about 5,000 years old, helps entrepreneurs make important decisions about which country to open a new…
The Best Leadership Advice We Heard in 2021
What does it mean to be a leader when workforces are increasingly decentralized and traditional business models have been upended by a global pandemic? Do the old axioms apply, and if not, have we gleaned enough from shifts in the marketplace to get behind any new consensus conventional wisdom? These remain open-ended questions, but as…
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