No Data
No Data
Lazydays Clocks 48% Growth In Preliminary Q3 Revenue
Lazydays Holdings Inc (NASDAQ:LAZY) reported preliminary third-quarter revenue of $318.7 million, representing 48% year-on-year growth, versus the consensus of $305.52 million. Total revenue increased
Lazydays Preliminary 3Q Results Show Large Sales Gain
By Matt Grossman Lazydays Holdings Inc. revenue grew by 48% year over year in the third quarter, the company said Thursday, citing preliminary financial results. A 35% increase in unit sa
Turkey cut interest rates unexpectedly, the lira exchange rate fell to a record low
The Turkish lira fell to a record low after Turkey's central bank unexpectedly lowered its benchmark interest rate on Thursday, triggering a new round of market turmoil. It also reflects the shadow that President Recep Tayyip Erdogan has brought to monetary policy. The Monetary Policy Committee cut the key weekly repurchase rate by 100 basis points to 18%. Of the 23 economists previously surveyed by Bloomberg, all but one expected the policy interest rate to remain at 19%. Turkey's inflation rate unexpectedly climbed to 19.25% last month, causing the country's real interest rate to fall below zero for the first time since October. The Turkish lira fell to a record low against the US dollar at 2 p.m. local time
Millions of Americans Will Lose Federal Unemployment Benefits Starting This Weekend
Last year, the US experienced the biggest economic recession in history. The bailout bill passed by the federal government was extended twice, but not a third time. According to estimates by The Century Foundation, this means that about 9 million people will lose their relief before Labor Day in the US, and another 3 million will have their weekly benefits reduced. University of California Berkeley economist Sylvia Allegretto said that this will put some people in a bad situation. For many reasons, the US economy has not fully recovered, and the epidemic across the US may lead to the economy
Southeast Asian ride-hailing giant Grab launches online supermarket in the Philippines
Southeast Asian ride-hailing giant Grab said on Friday that it would launch an online supermarket in the Philippines to further expand its business beyond ride-hailing and food delivery to increase revenue. Consumers in Metro Manila, which has a population of more than 13 million, will be able to order vegetables, meat, seafood and other groceries through the Grab app for delivery the next day, the company said. Grab has already launched online supermarket services in Malaysia and Singapore and is preparing to enter Thailand this year. The company is trying to seize broader opportunities in the food service market to drive user growth. According to Euromonitor International (Euromonitor)
Citigroup and others warn that the Australian economy may fall into recession again.
Citigroup Inc and Australian Security Capital (AMP Capital Investors) warned that the Australian economy may have contracted slightly in the second quarter, coupled with the expected contraction caused by the blockade this quarter, the Australian economy could fall back into a "technical recession". Australia will release second-quarter GDP data on Wednesday, and two analysts at Citigroup and Security Capital said that while the economy performed quite well in the second quarter, the decline in net exports could be a drag on GDP. Citigroup Inc Australia Chief Economist Josh Williamson (Josh Wi)
No Data