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Coca-Cola CEO: Expect Longer-Run Economic Recovery Post-Pandemic

PYMNTS

Coca-Cola CEO James Quincey said he is not anticipating a fast economic rebound now that the world is reopening for business. It is more likely the economy’s recovery post-pandemic will be more of a U- or “extended U”-shape, not a “V-shape” with a quick bounce back to normal, he told CNBC on Wednesday (May 20).

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Private Equity Firms Look For Investments Among Hard-Hit Travel, Energy And Entertainment Sectors

PYMNTS

Those companies, like Blackstone , Carlyle and KKR , are in possession of more than $1 trillion in cash and could be ready to start using it as the coronavirus delivers death blows to companies in industries like travel, entertainment and energy. But the private equity companies will come.

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New York City’s Economic Recovery Is Years Away, Fiscal Watchdog Says

PYMNTS

as well as its presence as a heavily-traversed destination for entertainment, travel, tourism and trade. The report goes on to say that NYC was hit extra hard by the pandemic because of its status as an early starting point in the U.S. According to the report, NYC is likely to end the current fiscal year with a surplus of $1.5

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Disney, Meta Platforms, Lucid Motors, Roblox and more

CFO News Room

Upstart Holdings — The AI-driven lending platform tumbled 11% after the company issued a weaker-than-expected revenue forecast for the current quarter, citing challenging economic conditions. AMC Entertainment — Shares dropped 9.8% after the company reported another quarterly loss as operational costs increased.

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Lessons for Investors from Mini-Panics

Barry Ritholtz

China, Clickbait, & Market Crises: What Investors Should Know About Behavioral Economics Here is the Moneyshow’s description: “Barry Ritholtz is Founder and CIO of Ritholtz Wealth Management. He is also a long-time market analyst, commentator, and expert on behavioral economics principles as they apply to investing.

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Consumer Services Push Revised Third Quarter GDP Higher

CFO News Room

The combination of elevated rates of consumer price increases and rising interest rates is impacting consumer and business confidence and weighing on economic activity. The economic outlook remains highly uncertain. Robert Hughes joined AIER in 2013 following more than 25 years in economic and financial markets research on Wall Street.

Economics 130
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A Business Upended: Streaming disrupts the Entertainment Business!

Musings on Markets

The recent troubles in entertainment, though, reflect a longer term disruption that has occurred in the business, with the rise of streaming as an alternative to the traditional platforms for movies and television shows.