Corporate Finance

The Economy

U.S. Retail Sales Fall for Third Consecutive Month

"The further slump in retail sales in December confirms that the continued surge in coronavirus infections is now weighing heavily on the economy."

William Sprouse
January 15, 2021
Global Business

U.S. Government Blacklists Xiaomi and Cnooc

China’s leading smartphone maker and its third-biggest oil driller were added to the list of firms banned from American investment.
People

CFOs On the Move: Week Ending January 15

Grainger, Diageo, Knock, Monster Beverage, Vacasa, Sterling Bancorp, Cornerstone, Scotts Miracle-Gro, Hyliion, Zebra Technologies, Marathon Petroleum
IPOs

Poshmark Pops in Latest Big Market Debut

The online fashion reseller has benefited from a flood of demand as locked-down shoppers turn to e-commerce amid the coronavirus pandemic.
Capital Markets

Massive Short Squeeze Sends GameStop Soaring 80%

The video game retailer reported no major news on Wednesday, suggesting the massive rally in the stock was simply a short squeeze.
Data Security

What Good Looks Like in Cybersecurity

New tools provide objective, quantitative measures of security and privacy risk.
People

Intel CEO Bob Swan to Depart

The former CFO will be replaced by Pat Gelsinger.
The Economy

Unemployment Claims Jump

“This reminds us that the economic crisis has not gone away, far from it, at a time when multiple crises have been vying for our attention.”
Bankruptcy

Weighing COVID-19 (and Other Macro Factors) in Bankruptcy Valuations

Failure to give proper weight to macroeconomic factors in fixing valuation may result in overpaying creditors or having insufficient working capital.
M&A

Visa Calls Off $5.3B Merger Deal With Plaid Over DOJ Lawsuit

The U.S. Department of Justice said the transaction would eliminate healthy competition from the online payments market.
Accounting & Tax

The Complexities of a COVID-19 Year-End

As CFOs face the demands of year-end accounting and financial reporting, they’re pondering which issues need to be front and center and how to frame them.
The Economy

Oil Prices Rise as Suppliers Hold Back

U.S. crude oil prices rose above $50 per barrel for the first time since February.
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