(Bloomberg) — China warned Jack Ma and senior Ant Group Co. executives that the fintech giant will face new curbs on its expansion, highlighting growing regulatory risk for the world’s largest initial public offering just days before its trading debut.Ma, Ant’s billionaire co-founder and one of China’s most powerful businessmen, was summoned to a rare joint meeting on Monday with the country’s central bank and three other top financial regulators. While neither side disclosed details of what was discussed, people familiar with the matter said Ant’s leadership team was told the company will face increased scrutiny and be subject to restrictions on capital and leverage similar to banks.Investors have long understood that Ant would fall under new Chinese regulations on financial conglomerates, but the meeting may nonetheless temper the frenzy surrounding history’s biggest stock-market debut. Ant is due to start trading on Thursday after raising at least $34.5 billion in … Read the rest...
The famous “Dewey defeats Truman” presidential election was 72 years ago and reminders of what was an epic polling failure echo to this day. For pollsters, pundits, and the press, Democrat Harry Truman’s surprise victory over Republican Thomas E. Dewey in 1948 is, or ought to be, an enduring reminder about the perils of extreme overconfidence.
The 1948 election also may offer a lens by which to understand the outcome of the Trump-Biden race. Here’s how:
If Joe Biden blows what has been a solid lead in pre-election polls, his loss may be attributable to having pursued something akin to Dewey’s glide-path campaign that avoided controversy while trying to nurse a clear lead in the polls.
But if this year’s pre-election polling is accurate and Trump is repudiated, his defeat may be attributed to a failure to adapt Truman’s blueprint for winning in spectacular, against-the-odds fashion.
This … Read the rest...
Instagram is a fast-growing and popular social networking website. It is not surprising that more businesses want to establish their presence on this platform. And, they are using different methods, including buying followers https://howsociable.com/buy-instagram-followers/ to achieve this. Perhaps, you might wonder why a business needs more followers for an Instagram account.
Well, having more Instagram followers makes an account look more credible. It makes more people believe what is shared by the account. Most individuals are interested in the content of an Instagram account if it is followed by more people. With more individuals following you, a message that is shared via your account gets to more people.
Importance of Instagram for Modern Business
Most modern consumers are on social websites like Instagram. That means Instagram is a great place to find and be found by prospective customers. Most audiences on the internet have become accustomed to ads. Instagram is … Read the rest...
Having a home government with deep—and open—pockets is emerging as key in terms of whether an airline will make it through the coronavirus pandemic.
Carriers in jurisdictions where there is scant support from up high are most likely to go bust, according to an analysis by Bloomberg News. Using the Z-score method developed by Edward Altman in the 1960s to predict bankruptcies, Bloomberg sifted through available data on listed commercial airlines to identify the ones most prone to financial strife.
Versus the same analysis done in March, when the virus was just starting to spread beyond China into parts of Asia and Europe, rapidly cutting off international … Read the rest...
Spending on chocolate has soared by £50m year on year, powered by sales of chocolate bars bought in supermarkets to eat at home.
The increase in sales of multipacks and large “sharing bars” has offset a dip in sales of single bars, often impulse buys to eat on the go, from newsagents and other outlets.
While the £50m sales increase is only 3% up on the total value of chocolate sales, the amount of chocolate eaten is likely to have risen by two or three times that level because the kind of chocolate bought in supermarkets is so much cheaper.
Sales of multipacks of chocolate bars in supermarkets are up by more than a fifth, according to analysts at research group Kantar.
But the biggest increase has come from large chocolate blocks, sales of which are up nearly 46% in supermarket outlets.
Waitrose said its sales of big sharing bars … Read the rest...
(Bloomberg) — Asian stocks climbed in a volatile start to a crucial week spanning the U.S. election and a Federal Reserve policy meeting, events that could set the tone for financial markets for the rest of the year. Oil tumbled to a five-month low.S&P 500 futures nudged up after erasing an earlier decline. The dollar ticked higher with Treasuries. Japan stocks outperformed. The moves at the beginning of November come after global equities posted two months of losses.Concern that economic growth will be hampered by further lockdown measures in Europe dragged crude prices and commodity currencies lower. The pound slipped as increased restrictions in England aimed at controlling the coronavirus overshadowed signs of progress on Brexit trade talks.The main event this week will be Tuesday’s U.S. election, with Democratic nominee Joe Biden leading President Donald Trump in polls. Virus developments are also front and center with the recent surge in … Read the rest...
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If you ask pollsters, they’ll tell you President Donald Trump’s path to reelection is both narrow and unlikely. As of Sunday, FiveThirtyEight gives Democratic nominee Biden a 89% chance of winning—compared to the 71% odds it gave Hillary Clinton in 2016.
The President does have a path if he can pull off upsets in a handful of states Biden is the favorite in, according to FiveThirtyEight. That includes Georgia (58%), Florida (64%), North Carolina (66%), Arizona (70%), and Pennsylvania (85%). Trump would also need to win everywhere he’s currently leading.
The hardest upset to pull off is Pennsylvania, where Trump only has a 15% chance of winning. The odds of that are as likely as Biden pulling off upsets in several deep red states. Biden’s … Read the rest...
One of the biggest challenges of running an online business is keeping up with privacy and data protection laws. A lot of businesses operate online and collect a wide variety of customers’ data. They use it to process orders and transactions, contact customers, and market their products and services.
These days people are becoming more aware of potential risks tied to revealing their data online. Therefore, companies are struggling to build trust and ensure security for their customers. The implementation of laws such as GDPR and CCPA shows that customer data security has become one of the top priorities for online businesses.
Cybersecurity Statistics: What’s the Risk?
Some of the most important transactions are taking place online. Thus, it has become difficult to avoid the risk of identity and data theft. Each online payment gateway, newsletter signup, or contact form on a random site can lead to serious security concerns. … Read the rest...
PARIS — Some small shops and services, including a dog grooming salon, remained open on Saturday in a small town outside Paris with support from their local mayor, amid signs of sporadic pushback against a new coronavirus lockdown in France.
In Paris, mayor Anne Hidalgo also joined a growing wave of support for independent booksellers, saying in an interview published on Sunday that she would bring in local authorizations for them to remain open.
The French government put in place fresh restrictions on Friday to combat a resurgence in COVID-19 infections and hospitalizations, echoing a two-month shutdown earlier this year. This time, schools will remain open but all non-essential stores are supposed to close.
In the small town of Yerres, shops such as shoe-sellers remained open under a local edict.
“I think you’re taking much less risk going to buy your book or your shoes or your clothes in a … Read the rest...
The 2020 U.S. election is taking place on Nov. 3 with President Donald Trump and former VIce President Joe Biden battling for the lead position.Gold Price Analysis: The U.S. presidential election will play a huge role in shaping the global economy and gold prices are expected to react in the run up to the election day. So how important is it for the safe haven asset gold if Biden or Trump makes it to the White House?"There is no doubt that we are likely to see increased volatility in stock markets in the run up to the election day and investors seeking traditional safe havens such as gold, particularly if the race between the two candidates gets very close and there is a growing risk of a contested outcome," writes Saida Litosh, manager of precious metals analysis at Refinitiv.Biden or Trump Impact: If the past is any indication, a second … Read the rest...