Category: business

U.S. job growth likely remained robust in July amid shifts in seasonal employment at schools caused by the pandemic, which could mask some softening in underlying labor market conditions as the boost from fiscal stimulus and the economy’s reopening fades. The Labor Department’s closely watched employment report on Friday could show nonfarm payrolls surging by at least 1 million last month because of the so-called seasonal adjustment factors, which are also seen inflating employment at auto assembly plants and in the leisure and hospitality sector. Prior to the COVID-19 pandemic, education employment normally declined by about 1 million jobs in July as schools closed, while temporary plant shutdowns for summer retooling weighed on automobile payrolls.

KPMG research shows now is a good time to be looking for a job, due to high demand from employers.

Hundreds of Chinese companies are listed on U.S. markets. China is the world’s most-populous nation and the second-largest economy with a booming urban middle class and amazing entrepreneurial activity. Often dozens of Chinese stocks are among the top performers at any given time, across an array of sectors.

The Nasdaq led a solid rally before Friday’s jobs report. Carvana and Cloudflare moved late. Apple and Microsoft are in focus.

The first listing of a multibillion-dollar Southeast Asian tech company in Indonesia on Friday will set the benchmark for IPO hopefuls in a region where global investors are chasing fast growing e-commerce markets. PT Bukalapak.com Tbk, a 11-year-old e-commerce company backed by Ant Group, Singapore sovereign fund GIC and local media and tech conglomerate Emtek, makes its market debut after raising $1.5 billion in Indonesia’s biggest ever initial public offering (IPO). The first listing of a venture-backed company in a country crowded with founder-led startups, has fuelled a frenzy among institutional and retail investors scrambling to get a piece of the IPO in a market that has seen few large flotations.

SINGAPORE, Aug. 05, 2021 (GLOBE NEWSWIRE) — via NewMediaWire — Nova Vision Acquisition Corp. (NASDAQ: NOVVU, the “Company”) announced today that it priced its initial public offering of 5,000,000 units at $10.00 per unit. The units are expected to be listed on the NASDAQ Capital Market (“NASDAQ”) and trade under the ticker symbol “NOVVU” beginning August 6, 2021. Each unit consists of one ordinary share, one warrant to purchase one-half (1/2) of one share at $11.50 per whole share, and one rig

As the contagious Delta variant continues to reach across the United States, more and more companies are delaying plans to reopen offices.By the numbers: A recent survey of 1,000 HR professionals by the Society for Human Resource Management and Lucid found that half of U.S. organizations are worried about Delta. Some corporate players have started mandating vaccines for employees in an attempt to combat the variant.Stay on top of the latest market trends and economic insights with Axios Markets.

Three companies pressed ahead with listings on Thursday, all closing higher. Two others delayed their offerings.

A narrower-than-expected loss was about the only bright spot in the company’s second-quarter results.

What happens when the leading sports card authentication service shuts down due to high demand amid the biggest boom in years?

PSA, the industry leader in the important task of grading cards, is slowly resuming its operations. Until then, a booming billion dollar sports card market must sit and wait.

The National Football League is receiving 22.5 million warrants for shares in Genius Sports under a partnership that will make the London-based data and analytics provider the sole gatekeeper of NFL data, through a deal Sportico first reported last week. The league will receive a total of 22.5 million warrants exercisable at a penny each, […]

When Jerry Jones agreed to a $200M deal with Dak Prescott, folks around the NFL wondered what Jones knows about future TV rights deals, including with Amazon.

The offseason bidding war between ESPN and CBS over NFL game analyst Tony Romo was certain to have ripple effects. For CBS, it’s potentially creating a cannonball splash. Andrew Marchand of the New York Post reports that Jim Nantz wants “Tony Romo money” in his next contract with CBS. Romo makes $17.5 million per year, [more]

As 67 players opted out of the NFL season because of the coronavirus pandemic, corporate partners, sponsors and advertisers did the opposite. The league even added two major companies: Subway and Invisalign. The truth is that not even COVID-19 has scared away the folks who, frankly, desperately need pro football to get their sales pitches and promotions across to more than 187 million Americans who call themselves NFL fans.

Another NFL team has announced its plans to close their offices in observance of Juneteenth on Friday. The Packers joined with more than 20 other clubs in announcing that they’ll be closed for business on June 19. The NFL announced the same decision for their operations last week. “The Packers will be observing Juneteenth and [more]