Baystate Business: DraftKings, Friendly's, Doughnuts (Radio)
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TWO AMERICAN giants, spooked by a crisis that has roiled oil markets, fall into each other’s arms. The tie-up strings back together bits of Standard Oil—broken up in 1911 in the world’s most famous trustbusting exercise. The year was 1999, and Exxon had just completed an $81bn merger with Mobil. Might history repeat itself in…
ON FEBRUARY 2ND Amazon, America’s third-most-valuable public company, announced its best-ever quarter. Propelled by the covid-19 pandemic, which has confined consumers to their homes, the firm reported that quarterly sales had risen 44% year on year, and exceeded $100bn for the first time. It was a barnstorming performance. But it was not the main story.…
ON THE HUSTINGS, both Donald Trump and Joe Biden promised to revive America’s economy from its pandemic-induced funk. Doing so will require a turnaround for corporate America, which has suffered a savage downturn. When the occupant of the White House starts his four year term in January, in what state will American business be?Listen to…
'The police will visit you': why GameStonk won't come to China
Yellen seeks to 'understand deeply' GameStop frenzy as market regulators meet
Dollar outlook still dark, recent strength a blip: Reuters poll
RBA’s Lowe Says Australian Rates to Stay Low for ‘a While Yet’
Canada's Trudeau eyes 'leaps forward' in integration with U.S. on EVs, critical minerals
Kuaishou Rise to ByteDance Value Shows Wide Open Asia IPO Windowbloomberg.com