United Airlines CEO Backs Vaccine Mandate for Workers
"I think the right thing to do is for United Airlines, and for other companies, to require [COVID] vaccines."
IBM Shares Dive As Revenue Woes Continue
"The actions we are taking to focus on hybrid cloud and AI will take hold, giving us confidence we can achieve revenue growth in 2021.”
Britain’s IG to Buy Online Broker Tastytrade for $1B
“This acquisition will see us further diversify into the exciting high growth market of U.S. retail options and futures," IG's CEO says.
Netflix Tops 200M Subs, Sees Positive Cash Flow
The streaming giant's shares jumped 12% after it indicated it would return any excess cash to shareholders through buybacks.
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.
U.S. Budget Deficit Climbs to $572B in Q1
The increase in the deficit reflected in part spending on coronavirus relief programs including enhanced unemployment benefits.
CFOs of Middle Market Firms See Recovery in 2021
"For some companies, growth may mean a return to pre-pandemic financial performance, but most believe the deepest hardship is over."
U.S. Loses 140,000 Jobs Amid New Lockdowns
The December jobs report shows "the economy’s not just tapping on the brakes, but actually has been thrown into reverse."
World Bank Lowers 2021 Growth Forecast to 4%
There is a “material risk” that setbacks in containing the pandemic could result in a much weaker recovery, the bank warns.
CFO Optimism Continues to Grow Despite Virus
The fourth-quarter CFO Survey indicates that finance chiefs are "seeing over the cloud of the pandemic."
Peloton Bulks Up by Buying Precor for $420M
The deal will enable Peloton to add production capacity for its at-home fitness equipment amid increased demand fueled by the coronavirus pandemic.