Strategy

The Economy

U.S. Job Gains Slow to 1.8M in July

"The downturn was so big — the hole that was dug was so deep — that it will still take probably at least a couple of years to dig ourselves out."

Matthew Heller
August 7, 2020
COVID-19

Top CEOs Urge Congress to Save Small Firms

More than 100 executives said small businesses need "much more significant and sustained support" than the PPP to weather the COVID-19 pandemic.
M&A

7-Eleven Parent to Buy Speedway for $21B

Elliott Management has been pushing for a sale of the gas station retail chain.
The Economy

U.S. Consumer Spending Rises 5.6% in June

"The explosion of COVID-19 infections ... is casting doubt on the magnitude of the expected surge in third-quarter consumer spending."
Financial Performance

Harley-Davidson U.S. Sales Plunge 27% in Q2

"A total rewire is necessary to make Harley-Davidson a high-performance company,” CEO Jochen Zeitz says after Harley also reported a surprise loss.
Strategy

COVID-19 Aftermath: Moving Beyond Quick Fixes to Sustainable Value Creation

What else can companies do to help drive their businesses' short-term cash flows and fund their long-term ambitions?
The Economy

U.S. Durable Goods Orders Jump 7.3% in June

“The sugar rush from re-openings has now faded and a resurgence of domestic coronavirus cases ... will weigh heavily on business investment."
The Economy

U.S. Economy Shrinks by Record 32.9% in Q2

“It’s a very deep and dark hole and we’re coming out of it, but it’ going to take a long time to get out.”
Strategy

Nike to Cut Jobs As Part of Digital Sales Push

The footwear giant says the “strategic alignment” of its operating model will “create even greater focus and agility."
Strategy

LinkedIn to Cut 6% of Global Workforce

The Microsoft-owned networking platform said the coronavirus pandemic is having a sustained impact on demand for its recruitment products.
The Economy

EU Agrees to $857B Economic Recovery Plan

"This is a good deal, this is a strong deal, and most importantly, this is the right deal for Europe right now."
The Economy

Housing Starts Rebound With 17.3% Increase

“With a staggering 32 million Americans collecting unemployment checks and lumber prices at a two-year high, a robust housing market is unlikely.”
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