Corona Capital: Dimon weighs in, Gen Z 18 Nov 2020 Concise views on the pandemic’s corporate and financial fallout: JPMorgan’s chief executive calls for U.S. politicians to “just split the baby” on stimulus; and Generation Z deals a new body blow to the idea that office life will emerge from the pandemic unscathed.
Corona Capital: Salvatore Ferragamo 10 Nov 2020 Concise views on the pandemic’s corporate and financial fallout: Faded heels-and-loafers brand Salvatore Ferragamo could benefit from a coronavirus vaccine-induced return to airport shopping, but the Florentine fashion house would still need a makeover.
Viewsroom: What Biden bodes for money and markets 7 Nov 2020 Without a clear Senate majority, the former vice president will need to tack to the center when he occupies the White House. For Wall Street that’s a bullet dodged. For other industries, it’s a mixed bag. For multilateral institutions, it’s an improvement from Donald Trump.
Corporate America prepares for life in purple 7 Nov 2020 From finance to tech to weed to transport, companies have had plenty of time to consider what a Joe Biden presidency means. Without a clear Senate shift one way or the other, legislative gridlock appears likely. Here is what the 2020 election will mean industry by industry.
Uber victory saves its model not its valuation 4 Nov 2020 California voters approved measures that keep the ride-sharing firm from treating drivers as employees but require it to pay healthcare and other perks. Uber avoided punishing costs. But its expensive fight underscores how much the environment for the shared economy has changed.
Corona Capital: Ferrari, E-commerce, Fox 3 Nov 2020 Concise views on the pandemic’s corporate and financial fallout: Ferrari leaves its auto rivals in the dust; Russia’s online marketplace Ozon heads for a New York IPO; and Fox avoids the virus-induced advertising drought.
Corona Capital: Covid-19 tests, Bed Bath & Beyond 1 Oct 2020 Concise views on the pandemic’s corporate and financial fallout: Diagnostic company Quidel predicts a quarterly earnings bonanza; meanwhile the pandemic turns a struggling retailer into a winner, at least temporarily.
Corona Capital: NYC 30 Sep 2020 Concise views on the pandemic’s corporate and financial fallout: New York City’s economic reboot comes up against a new outbreak.
Rolls-Royce repair job has 18-month warranty 29 Sep 2020 The UK jet engine maker wants to raise 2.5 bln pounds from existing and new investors, including sovereign funds. That should keep it aloft even if the airlines that use its kit have a bad 2021. Beyond that, a slow recovery could mean more financial warning lights.
Corona Capital: U.S. sports’ virus-bubble success 29 Sep 2020 Concise views on the pandemic’s corporate and financial fallout: Professional hockey and basketball associations scored victories keeping infection rates low or at zero in spectator-free games. And less traveling and more sleep helped players up their game. Wall Street take note.
Corona Capital: Shale merger, Logistics startup 28 Sep 2020 Concise views on the pandemic’s corporate and financial fallout: Two Permian Basin oil drillers agree to merge to share their coronavirus demand-shock woes; and delivery upstart ShipBob gets some SoftBank cash to help it compete with Amazon.
Breakup could remove Benettons’ Italian roadblock 24 Sep 2020 Atlantia, the clan’s infrastructure group, is at loggerheads with Rome over the sale of its crisis-hit motorway unit. Spinning off the division could end the dispute by establishing a fair market price. It’s a risky manoeuvre, but the threat may bring the government to the table.
Corona Capital: Newspaper rivals, College football 17 Sep 2020 Concise views on the pandemic’s corporate and financial fallout: the Wall Street Journal hits up the New York Times’ printing presses; U.S. college football’s Big Ten makes a comeback.
Big price for trains just about stays on track 15 Sep 2020 Blackstone’s infrastructure group may be offering what looks like top dollar – $20 billion – for Kansas City Southern, a 133-year-old U.S. freight railroad. But with interest rates so low, big prices for relatively predictable assets with stable returns may become the new normal.
Corona Capital: Vaccine politics, Peloton 8 Sep 2020 Concise views on the pandemic’s corporate and financial fallout: Pharma firms like Merck and Pfizer are putting long-term profit first by promising to wait for full approvals for Covid-19 treatments; Peloton cycles towards more profit by cutting the price of its high-cost bikes.
Corona Capital: Pools, Dell 28 Aug 2020 Concise views on the pandemic’s corporate and financial fallout: Pool firm’s dive into public markets, Dell’s hardware resilience.
Corona Capital: Europe’s recovery, Indian selloffs 21 Aug 2020 Concise views on the pandemic’s corporate and financial fallout: The latest economic reports from Britain, France and Germany paint a patchy picture; and why the virus will hinder New Delhi’s asset-sale programme.
Work-from-home shunts UK rail towards state siding 18 Aug 2020 Employers like accountants PwC think offices will be permanently slimmed down after Covid-19. Less commuting means more government help for rail, and even less room for the profit motive. Nationalisation, rather than Britain’s messy halfway house, might even improve services.
Alstom can drive a hard bargain on Bombardier 10 Aug 2020 The French train maker hinted it will reassess an $8.2 bln buyout of its Canadian rival’s unit following surprise losses. A 20% price cut would allow CEO Henri Poupart-Lafarge to make an economic return. EU consent for a deal and Bombardier’s high debts strengthen his hand.
Corona Capital: Telemedicine, Outdated movie rules 10 Aug 2020 Concise views on the pandemic’s corporate and financial fallout: Men’s wellness outfit Hims matches the online medical consultation trend with a financial one, namely blank-check companies; and Washington finally scraps a “Gone with the Wind”-era regulation.