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Ripples in the Pond

Barry Ritholtz

The result will be very predictable: concentric rings will expand out from where the mass disrupts the calm surface. I think about that calm pond this time of year when the annual Wall Street forecasts for markets and the economy get released. This is how models depict the economy. Once the surface settles down, repeat the exercise.

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Transcript: Melissa Smith, co-Head of Commercial Banking at JPMorgan

Barry Ritholtz

A big part of that expansion over really the last decade has been sort of California and the west coast overall, where we, prior to the WAMU acquisition didn’t have a ton of sort of like retail presence and or sort of boots on the ground there. But there are cities, Miami’s a good example for our healthcare business.

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Groupon To Stop Merchandise Sales And Concentrate On Experiences

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As it faces a competitive retail market, Groupon Inc. The firm plans to move from its current deal-focused approach to concentrate on local experiences, such as local painting classes or wine-tasting dinners, as The Wall Street Journal reported. intends to discontinue its sale of merchandise by the close of 2020.

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Meta, Amazon, Snap, Pinterest: What to Watch in the Stock Market Today

CFO News Room

Eli Lilly reported quarterly profit and revenue that beat forecasts. Some of those that held up best strayed from their traditional investing grounds, or concentrated on the shortest maturities. . Keybanc cut its price target for the Twitter shares to $40 from $70. ConocoPhillips reported a $2.6 billion profit in the recent quarter.

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NYC Sees 40 Pct Hike In Bankruptcies As Office Workers, Tourists Stay Home

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Bankruptcy filings are surging in New York City with almost 6,000 closures, representing a 40 percent increase, according to Bloomberg , and it's forecasted to keep getting worse. The spikes were especially concentrated in the south Brooklyn and Queens neighborhoods with large Orthodox Jewish communities observing Yom Kippur.

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January Sees 467,000 New Jobs, Stable Unemployment Rate

CFO News Room

Growth in employment continued in leisure and hospitality, professional and business services, retail trade, and transportation and warehousing. The forecast unemployment rate was 3.9%, essentially equal to the actual. economy added 467,000 nonfarm payroll jobs in January 2022, as the unemployment rate rose marginally to 4.0%.

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Retail Pulse: Nike Opens Digital-Powered Flagship; Walmart Taps VR Tech For Training

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The retailer also offers a Shop The Look service in the store that allows customers to scan a quick-response (QR) code to find out the size and available colors of the items displayed on a mannequin. In Other Brick-And-Mortar Retail. percent growth that was forecasted. The retailer’s comparable sales slid by 5.4