In the stock market, it’s become Apple, Microsoft and Alphabet vs everyone else

The stock market travels on the currents of supply and demand. But it’s an oversimplification to focus on the absolute number of stocks or the background hum of stock buybacks as key drivers of the market’s historic run. And the total number of issues has been about steady since 2012, and since then the Wilshire 5000 has more than doubled. Share buybacks are now a constant of corporate finance, and at the current pace amount to perhaps 2% to 3% of total stock market value per year. So as a swing


The stock market travels on the currents of supply and demand.
But it’s an oversimplification to focus on the absolute number of stocks or the background hum of stock buybacks as key drivers of the market’s historic run.
And the total number of issues has been about steady since 2012, and since then the Wilshire 5000 has more than doubled.
Share buybacks are now a constant of corporate finance, and at the current pace amount to perhaps 2% to 3% of total stock market value per year.
So as a swing
In the stock market, it’s become Apple, Microsoft and Alphabet vs everyone else Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-18  Authors: michael santoli
Keywords: news, cnbc, companies, stock, microsoft, number, demand, buybacks, market, total, markets, apple, stocks, scarcity, alphabet, public


In the stock market, it's become Apple, Microsoft and Alphabet vs everyone else

The stock market travels on the currents of supply and demand. That’s uncontroversial.

Yet as the indexes have sped to new highs, plenty of observers have argued that a relative shortage of stocks combined with somewhat mechanical sources of demand explain everything from Dow 29,000 to the trio of trillion-dollar market-cap giants that tower above the rest of the market.

The idea of an equity shortage usually hinges on the decline in the total number of U.S. public companies in recent decades, the relative dearth of initial public offerings and the consistent flow of share buybacks meant to reduce companies’ equity base.

These are all features of this bull market, for sure. But it’s an oversimplification to focus on the absolute number of stocks or the background hum of stock buybacks as key drivers of the market’s historic run. There are plenty of stocks to go around and buybacks aren’t wagging the indexes – it’s just that everyone wants the same kind of stocks.

What’s truly scarce are big, reliable cash flows that investors believe will endure economic wobbles and constant technological disruption. And this perceived scarcity of safe sources of profit and income is animating voracious demand for corporate debt and propelling the elite class of dominant secular-growth stocks to ever-richer valuations.

That’s not to deny there are literally fewer stocks on the market’s shelves than there used to be. The comprehensive Dow Jones Wilshire 5000 index now has about 3,500 domestic stocks, down from more than 7,000 in the late 1990s. But most of the stocks that went away were tiny, marginal companies. And the total number of issues has been about steady since 2012, and since then the Wilshire 5000 has more than doubled.

If the reduced number of stocks were an issue, then why would one-sixth of the names in the S&P 500 be languishing at 12-times forecast earnings or less?

And if public investors didn’t have enough names to choose from, why did the market fail to embrace the likes of Uber, Lyft and Pinterest last year?

Share buybacks are now a constant of corporate finance, and at the current pace amount to perhaps 2% to 3% of total stock market value per year. But a good portion of that purchasing is simply soaking up the stealth equity issuance through employee stock compensation. So as a swing factor in a $30 trillion stock market, its potency has diminished from a couple years ago.

The true issue is a scarcity of stability and growth — or a perceived scarcity of them, at least.

We live now in a world where triple-B-rated corporate bonds, the lowest-grade and largest segment of the investment-grade universe, yield 3%. Junk bonds — an asset class with a long-term annualized default rate of 3.5% — now yield 5%.

Clearly, the Federal Reserve’s three rate cuts and promise to stay on hold for a while is part of this backdrop, as are the stirrings of a global economic pickup following an inflation scare. But the massive demand for cash flows by an aging global investor base and return-starved institutions are the proximate actors on these markets.


Company: cnbc, Activity: cnbc, Date: 2020-01-18  Authors: michael santoli
Keywords: news, cnbc, companies, stock, microsoft, number, demand, buybacks, market, total, markets, apple, stocks, scarcity, alphabet, public


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Here’s where most Americans are really getting their retirement income

skynesherRetirement income is often thought to come from three sources: Social Security, pensions and savings. Haves vs. have-notsHouseholds with all three income sources – Social Security, pensions and savings – had the highest total annual income, with a median $37,440. Couples generally had a higher median total at $52,116, versus $23,064 for unmarried men and $19,764 for unmarried women. Unmarried men and women were more likely to rely on Social Security for their sole source of retirement i


skynesherRetirement income is often thought to come from three sources: Social Security, pensions and savings.
Haves vs. have-notsHouseholds with all three income sources – Social Security, pensions and savings – had the highest total annual income, with a median $37,440.
Couples generally had a higher median total at $52,116, versus $23,064 for unmarried men and $19,764 for unmarried women.
Unmarried men and women were more likely to rely on Social Security for their sole source of retirement i
Here’s where most Americans are really getting their retirement income Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-17  Authors: lorie konish
Keywords: news, cnbc, companies, savings, median, pensions, getting, americans, sources, total, individuals, social, security, retirement, heres, income, really


Here's where most Americans are really getting their retirement income

skynesher

Retirement income is often thought to come from three sources: Social Security, pensions and savings. That combination is often called a three-legged stool, a metaphor for the money retirees use to support themselves once they are no longer working full time. However, a new report finds that very few retirees actually have income from all three sources. Just 6.8% of older Americans ages 60 and up who work less than 30 hours per week get money from Social Security, pensions (also called defined benefit plans) and workplace retirement savings like a 401(k) (also known as defined contribution plans), according to the National Institute on Retirement Security. Meanwhile, many individuals in that age category – 40.2% – receive income through Social Security only. Even more troubling, 14.9% have no income from a pension, savings or Social Security.

The research is based on 2014 data, and only reflects where retirees currently get their income, the researchers said. Those sources are expected to change, particularly as traditional pensions get phased out.

Haves vs. have-nots

Households with all three income sources – Social Security, pensions and savings – had the highest total annual income, with a median $37,440. Meanwhile, those with no support from those three sources had the lowest total household income, with a median $8,904. Those in the no-income category likely either have not yet started collecting retirement payments or may be economically challenged and receiving government assistance, according to the study.

Gender and race play a role

Retirement income also varies by gender and race, according to the research. Couples generally had a higher median total at $52,116, versus $23,064 for unmarried men and $19,764 for unmarried women. Unmarried men and women were more likely to rely on Social Security for their sole source of retirement income, with 39.2% and 42.3%, respectively. That’s in comparison to 23.8% for couples. Older white individuals also had higher retirement incomes compared to blacks or Hispanics, the two minorities measured by the data. Median total retirement income for white individuals was $23,292, versus $16,863 for blacks and $13,560 for Hispanics. While 39.2% of white individuals rely on just Social Security checks, that was higher for blacks, at 44.8%, and Hispanics, with 45.9%.

Implications for Social Security


Company: cnbc, Activity: cnbc, Date: 2020-01-17  Authors: lorie konish
Keywords: news, cnbc, companies, savings, median, pensions, getting, americans, sources, total, individuals, social, security, retirement, heres, income, really


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Job openings slide by more than half a million as the labor market tightens

Total vacancies tumbled by 561,000 to 6.8 million for the month, the lowest since February 2018, according to the government’s Job Openings and Labor Market Turnover Survey. Job openings plunged to their lowest level in nearly two years as hiring surged in November and the employment market got tighter, the Labor Department reported Friday. On an industry basis, the biggest drops in job openings came in retail, which decreased by 139,000, and construction, which was down 112,000. The quits rate


Total vacancies tumbled by 561,000 to 6.8 million for the month, the lowest since February 2018, according to the government’s Job Openings and Labor Market Turnover Survey.
Job openings plunged to their lowest level in nearly two years as hiring surged in November and the employment market got tighter, the Labor Department reported Friday.
On an industry basis, the biggest drops in job openings came in retail, which decreased by 139,000, and construction, which was down 112,000.
The quits rate
Job openings slide by more than half a million as the labor market tightens Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-17  Authors: jeff cox
Keywords: news, cnbc, companies, job, slide, tightens, million, openings, month, unchanged, rate, quits, half, total, nearly, labor, market


Job openings slide by more than half a million as the labor market tightens

The big decline in openings came during a month when nonfarm payrolls increased by 256,000 , the best total since January. Total hires increased by 39,000 though the rate was unchanged at 3.8%.

Total vacancies tumbled by 561,000 to 6.8 million for the month, the lowest since February 2018, according to the government’s Job Openings and Labor Market Turnover Survey. Despite the big drop, openings still outnumbered Americans considered unemployed by nearly 1 million. The vacancy rate nudged down to 4.3%.

Job openings plunged to their lowest level in nearly two years as hiring surged in November and the employment market got tighter, the Labor Department reported Friday.

On an industry basis, the biggest drops in job openings came in retail, which decreased by 139,000, and construction, which was down 112,000.

“Common sense should tell you that indeed, after an eleven-year run of economic growth that many companies have hired all the help they need for now,” Chris Rupkey, chief financial economist at MUFG Union Bank, said in a note. “Today’s sharp reduction in jobs available may be telling us that the economy has finally reached full employment.”

The quits rate, or the total employees who left voluntarily, rose for the month by 39,000, though the rate as a measure of workers stood unchanged at 2.3% from October. The quits rate is considered a strong gauge of worker mobility as it reflects confidence that employees can find other work.

Separations also were little changed, with a drop of 4,000 keeping the rate at 3.7%. Layoffs and discharges fell 46,000 and the rate declined to 1.1%.

Payroll growth tailed off in December, however, with the department’s first estimate showing 145,000 new jobs. The JOLTS data has a one-month lag, so December’s job openings are not available.


Company: cnbc, Activity: cnbc, Date: 2020-01-17  Authors: jeff cox
Keywords: news, cnbc, companies, job, slide, tightens, million, openings, month, unchanged, rate, quits, half, total, nearly, labor, market


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OPEC secretary general says oil demand has ‘upside potential’

Worldwide oil demand forecasts may be lower than in previous years, but OPEC Secretary-General Mohammed Barkindo said Friday to CNBC that demand growth is still “robust” and could surprise to the upside over the course of 2020 as trade tensions subside. In December OPEC+, which is the 14-member cartel as well as its allies, agreed to cut production by an additional 500,000 barrels per day for the first quarter of 2020. This lifted total production cuts to 1.7 million barrels per day, above the 1


Worldwide oil demand forecasts may be lower than in previous years, but OPEC Secretary-General Mohammed Barkindo said Friday to CNBC that demand growth is still “robust” and could surprise to the upside over the course of 2020 as trade tensions subside.
In December OPEC+, which is the 14-member cartel as well as its allies, agreed to cut production by an additional 500,000 barrels per day for the first quarter of 2020.
This lifted total production cuts to 1.7 million barrels per day, above the 1
OPEC secretary general says oil demand has ‘upside potential’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-17  Authors: pippa stevens
Keywords: news, cnbc, companies, equation, secretary, potential, day, total, cut, barkindo, upside, production, opec, demand, 2020, general, million, oil, barrels


OPEC secretary general says oil demand has 'upside potential'

Worldwide oil demand forecasts may be lower than in previous years, but OPEC Secretary-General Mohammed Barkindo said Friday to CNBC that demand growth is still “robust” and could surprise to the upside over the course of 2020 as trade tensions subside. “By and large what we see from our side is an upside potential of growth from the demand side of the equation, which will affect the total balance for the rest of the year,” he said. “We are hoping that some of the challenges that we’re facing in terms of international trade will be addressed.”

Oil finished 2019 with a nearly 35% gain, but prices remain well below their prior highs. Part of this is due to the shale production surge in the United States, which Barkindo said is a “major variable” in OPEC’s decisions. In December OPEC+, which is the 14-member cartel as well as its allies, agreed to cut production by an additional 500,000 barrels per day for the first quarter of 2020. This lifted total production cuts to 1.7 million barrels per day, above the 1.2 million barrels per day cut agreed upon in December 2018. Saudi Arabia, OPEC’s largest producer, also said that it would continue its voluntary cut of 400,000 barrels per day, effectively bringing the alliance’s total cut to 2.1 million barrels per day. “We remain focused on stability for the first and second quarter of 2020. The decision was to ensure that there’s no imbalance in these quarters,” Barkindo said. “But the total equation is looking at both supply and demand sides. We can only address the supply side of the equation. The demand side is something that we watch with very keen interest.”

Mideast tensions


Company: cnbc, Activity: cnbc, Date: 2020-01-17  Authors: pippa stevens
Keywords: news, cnbc, companies, equation, secretary, potential, day, total, cut, barkindo, upside, production, opec, demand, 2020, general, million, oil, barrels


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Wall Street expects Boeing to take another big, ugly charge on 737 Max. BofA estimates total cost of crisis as high as $20 billion

He estimates the total cost of the grounding could reach $20 billion — excluding any settlements from lawsuits from crash victims’ families — if the planes return by June or July. Epstein estimates that about 40% of Boeing’s profits last year came from the Max. That’s assuming the planes return to service in April, she said. Even the planned pause in production won’t stop the cash drain and will cost Boeing $1 billion a month, estimates J.P. Morgan. Suppliers are walking a tightrope with the 737


He estimates the total cost of the grounding could reach $20 billion — excluding any settlements from lawsuits from crash victims’ families — if the planes return by June or July.
Epstein estimates that about 40% of Boeing’s profits last year came from the Max.
That’s assuming the planes return to service in April, she said.
Even the planned pause in production won’t stop the cash drain and will cost Boeing $1 billion a month, estimates J.P. Morgan.
Suppliers are walking a tightrope with the 737
Wall Street expects Boeing to take another big, ugly charge on 737 Max. BofA estimates total cost of crisis as high as $20 billion Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-17  Authors: leslie josephs
Keywords: news, cnbc, companies, service, boeing, high, estimates, max, wall, cost, ugly, return, epstein, crisis, month, total, billion, job, street, expects, planes


Wall Street expects Boeing to take another big, ugly charge on 737 Max. BofA estimates total cost of crisis as high as $20 billion

A year ago, Boeing posted record revenues topping $100 billion with hopes of delivering a chart-topping number of airplanes in 2019, including hundreds of 737 Max jetliners.

The news isn’t going to be so rosy on its fourth-quarter earnings call this year. Those bestselling planes were grounded worldwide in March after the second of two fatal crashes that claimed 346 lives. The crisis cost former CEO Dennis Muilenburg his job, prompted Boeing to suspend production of the planes, drove down orders to the lowest level in decades, hurt its supply chain, and wracked up costs that are now around $10 billion. Wall Street is expecting more bad news.

The Jan. 29 earnings call will be the first for new CEO Dave Calhoun, who took the helm on Monday, days after the company released a trove of shocking internal messages that showed employees dissing regulators and airlines and boasting about getting them to approve less time-consuming training. One showed employees complaining that Lion Air, the operator of the first 737 Max that crashed, wanted simulator training for pilots before they flew the planes.

Calhoun is tasked with cleaning up Boeing’s culture, improving employee morale and repairing damaged relationships with regulators and airlines.

“Many of our stakeholders are rightly disappointed in us, and it’s our job to repair these vital relationships,” Calhoun told Boeing employees on his first day. “We’ll do so through a recommitment to transparency and by meeting and exceeding their expectations. We will listen, seek feedback, and respond — appropriately, urgently and respectfully.”

Jeff Windau, industrials analyst at Edward Jones, said he hopes the call will shed some light on the company.

“It would be nice to get some candid comments,” he said. “I’m not expecting a date [of the return to service] but it would be nice to get some indication where they’re at.”

Several Wall Street analysts now expect Boeing, which reports full-year and fourth-quarter earnings on Jan. 29, to take additional charges related to the troubled airplane. The company took a $5.6 billion pretax charge in July to compensate airlines and other customers for the grounding, which is now in its 11th month.

“They’re going to have to pay more,” said Ron Epstein, aerospace analyst at Bank of America Merrill Lynch. He estimates the total cost of the grounding could reach $20 billion — excluding any settlements from lawsuits from crash victims’ families — if the planes return by June or July. Epstein estimates that about 40% of Boeing’s profits last year came from the Max.

Moody’s Investors Service said it was putting Boeing’s debt on a review for a possible downgrade, less than a month after cutting its credit rating by one-notch, as the crisis wears on longer than expected. The lower the credit rating, the more expensive it is for Boeing to borrow. Boeing, which declined to comment on a potential charge, has previously said it would tap the debt markets if it needs more cash to cover the costs of the crisis.

Sheila Kahyaoglu, aerospace and defense analyst at Jefferies, estimated this week that the charges for aircraft customers’ compensation is likely to rise to $11 billion, and that some of that will be reported later this month. That’s assuming the planes return to service in April, she said.

The Wall Street estimates for its earnings vary widely — from a loss of 23 cents a share to a profit of as much as $2.52 a share, according to analysts polled by Refinitiv. On average, analysts expect the Chicago-based company to report a profit of $1.53 a share — a 72% decline from a year earlier. They estimated a more than 26% drop in revenue to $20.8 billion.

Earlier this month, Boeing threw airline customers another curve ball: It’s recommending additional simulator training for pilots on the Max, a reverse of its previous stance and a step that promises to further delay the planes return to service and drive up costs.

As of Thursday, all U.S. airlines with Maxes in their fleets — American, Southwest and United — have pulled the planes from their schedules until early June, a delay that’s threatening to last until the peak travel season of late spring and the summer.

Analysts are also looking for news on how Boeing will manage its supply chain. Spirit Aerosystems, which makes fuselages and other parts for the planes, announced initial job cuts of 2,800 people last week. Moody’s downgraded its debt to junk territory.

Even the planned pause in production won’t stop the cash drain and will cost Boeing $1 billion a month, estimates J.P. Morgan.

“It doesn’t give you the warm and fuzzies when Spirit lays off 2,800 people,” said BofA’s Epstein. Suppliers are walking a tightrope with the 737 Max, because they don’t want to lack workers when Boeing can resume production. “It’s a tight job market and I’m sure there are a lot to companies that would like to hire them,” Epstein added.

Investors are also closely watching Calhoun for cues about Boeing’s bigger picture. The company has faced problems with its KC-46 refueling tanker. Because it’s hobbled by the 737 Max issues, Boeing hasn’t been able to move forward with a new middle-market airplane, giving a bigger lead to rival Airbus, which recently won orders for its forthcoming long-range, single-aisle plane from airlines including American and United. And the scrutiny of the Max could become more time consuming when regulators review its wide-body Boeing 777X.


Company: cnbc, Activity: cnbc, Date: 2020-01-17  Authors: leslie josephs
Keywords: news, cnbc, companies, service, boeing, high, estimates, max, wall, cost, ugly, return, epstein, crisis, month, total, billion, job, street, expects, planes


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UK tech investment grew faster than the US and China in 2019, study says

Investment in the U.K.’s technology sector grew at a faster pace than in the U.S. and China last year, according to new research released Wednesday. Venture capital funding for British start-ups grew 44% to a record $13.2 billion in 2019, a report prepared for the government by industry group Tech Nation and research firm Dealroom said. The stats showed that nearly half of the total amount invested in U.K. tech came from U.S. and Asian investors. Health firm Benevolent AI raised $90 million and


Investment in the U.K.’s technology sector grew at a faster pace than in the U.S. and China last year, according to new research released Wednesday.
Venture capital funding for British start-ups grew 44% to a record $13.2 billion in 2019, a report prepared for the government by industry group Tech Nation and research firm Dealroom said.
The stats showed that nearly half of the total amount invested in U.K. tech came from U.S. and Asian investors.
Health firm Benevolent AI raised $90 million and
UK tech investment grew faster than the US and China in 2019, study says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-15  Authors: ryan browne
Keywords: news, cnbc, companies, billion, faster, startups, tech, grew, 2019, firm, total, million, china, study, investment, raised


UK tech investment grew faster than the US and China in 2019, study says

Investment in the U.K.’s technology sector grew at a faster pace than in the U.S. and China last year, according to new research released Wednesday.

Venture capital funding for British start-ups grew 44% to a record $13.2 billion in 2019, a report prepared for the government by industry group Tech Nation and research firm Dealroom said.

By contrast, Dealroom’s figures show that investment in U.S. and Chinese tech firms actually slowed from January to December, with the U.S. seeing a 20% decline and China a steeper fall of 65%. The U.S. and China still came out on top in terms of total deal value, however, attracting $116 billion and $33.5 billion respectively.

The stats showed that nearly half of the total amount invested in U.K. tech came from U.S. and Asian investors. Last year, foreign investors flocked to the U.K. and Europe in search of cheaper valuations amid growing interest in burgeoning areas like fintech. Start-ups like challenger bank Monzo and online payments firm Klarna attracted huge nine-figure deals led by U.S. investors.

But fintech wasn’t the only sector seeing significant growth. Emerging industries like artificial intelligence, so-called “deep tech” and clean energy also saw huge inflows. Health firm Benevolent AI raised $90 million and virtual reality company Melody raised $60 million, while in energy Ovo raised $260 million from investors.

“The U.K. and Europe quite frankly have over the last 20 years mainly seen on the sidelines of the global tech economy,” Saul Klein, co-founder of early stage venture fund LocalGlobe, told CNBC in an interview. “It’s taken about 20 years to get here and the data now supports that the U.K. is a major global tech player.”


Company: cnbc, Activity: cnbc, Date: 2020-01-15  Authors: ryan browne
Keywords: news, cnbc, companies, billion, faster, startups, tech, grew, 2019, firm, total, million, china, study, investment, raised


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Global debt hits new record of $253 trillion and is set to grow even more this year

Total worldwide debt sat close to a record $253 trillion by the end of September, boosted mainly by higher borrowing by governments and non-financial corporates. This represented an increase from $250.9 trillion at the end of the second quarter of 2019. “Spurred by low interest rates and loose financial conditions, we estimate that total global debt will exceed $257 trillion in the first quarter of 2020, driven mainly by non-financial sector debt,” the IIF said in the report. The group is an ass


Total worldwide debt sat close to a record $253 trillion by the end of September, boosted mainly by higher borrowing by governments and non-financial corporates.
This represented an increase from $250.9 trillion at the end of the second quarter of 2019.
“Spurred by low interest rates and loose financial conditions, we estimate that total global debt will exceed $257 trillion in the first quarter of 2020, driven mainly by non-financial sector debt,” the IIF said in the report.
The group is an ass
Global debt hits new record of $253 trillion and is set to grow even more this year Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-14  Authors: silvia amaro
Keywords: news, cnbc, companies, rates, quarter, governments, trillion, global, total, 253, nonfinancial, interest, hits, set, iif, debt, record, grow, mainly


Global debt hits new record of $253 trillion and is set to grow even more this year

The world’s debt when compared against its total output hit another all-time high of over 322% in the third quarter of 2019 and it is set to keep growing, the Institute of International Finance (IIF) said in a new research report.

Total worldwide debt sat close to a record $253 trillion by the end of September, boosted mainly by higher borrowing by governments and non-financial corporates. This represented an increase from $250.9 trillion at the end of the second quarter of 2019.

“Spurred by low interest rates and loose financial conditions, we estimate that total global debt will exceed $257 trillion in the first quarter of 2020, driven mainly by non-financial sector debt,” the IIF said in the report. The group is an association of financial institutions that came together in response to the debt crisis of the 1980s.

Record-low interest rates in countries around the globe have made it easier and more attractive for corporates, individuals and governments to borrow, and thus incur more debt.


Company: cnbc, Activity: cnbc, Date: 2020-01-14  Authors: silvia amaro
Keywords: news, cnbc, companies, rates, quarter, governments, trillion, global, total, 253, nonfinancial, interest, hits, set, iif, debt, record, grow, mainly


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FC Barcelona on track to be soccer’s first billion-dollar club after topping Deloitte Money League

Published Tuesday, Deloitte’s Football Money League 2020 ranked the world’s wealthiest soccer clubs based on their revenue in the 2018/2019 football season. At more than $95 million, the revenue gap between the top two clubs was the highest in the 23-year history of Deloitte’s Football Money League. While FC Barcelona’s revenue increased from $823 million the previous year, Real Madrid’s fell from $896 million, the data showed. The boost in FC Barcelona’s earnings also marked the first time any


Published Tuesday, Deloitte’s Football Money League 2020 ranked the world’s wealthiest soccer clubs based on their revenue in the 2018/2019 football season.
At more than $95 million, the revenue gap between the top two clubs was the highest in the 23-year history of Deloitte’s Football Money League.
While FC Barcelona’s revenue increased from $823 million the previous year, Real Madrid’s fell from $896 million, the data showed.
The boost in FC Barcelona’s earnings also marked the first time any
FC Barcelona on track to be soccer’s first billion-dollar club after topping Deloitte Money League Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-14  Authors: chloe taylor
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FC Barcelona on track to be soccer's first billion-dollar club after topping Deloitte Money League

Lionel Messi and Ousmane Dembele of FC Barcelona during a match against Sevilla on February 23, 2019 Eric Verhoeven | Soccrates | Getty Images

Spanish soccer giant FC Barcelona generated a record revenue of $959.3 million between 2018 and 2019, making it the sport’s biggest cash-generating club for the first time ever, according to a new report. Published Tuesday, Deloitte’s Football Money League 2020 ranked the world’s wealthiest soccer clubs based on their revenue in the 2018/2019 football season. Barcelona overtook Spanish rival Real Madrid to take the lead, with the latter raking in revenues of $864 million. At more than $95 million, the revenue gap between the top two clubs was the highest in the 23-year history of Deloitte’s Football Money League. While FC Barcelona’s revenue increased from $823 million the previous year, Real Madrid’s fell from $896 million, the data showed. The boost in FC Barcelona’s earnings also marked the first time any club had crossed the $900 million threshold, according to Deloitte. Manchester United, Bayern Munich and Paris Saint-Germain rounded out the top five. According to the report, the five richest clubs collectively generated more revenue than the 11 clubs ranked in 10th to 20th place.

Researchers found that the 20 wealthiest clubs made a total revenue of $10.6 billion throughout the season — the highest combined revenue on record. Broadcast remained the largest revenue stream, generating 44% of the top 20’s total revenue for the season, while 40% was made from commercial deals and 16% from matchdays. However, Deloitte pointed out that the clubs at the top of the ranking were far less reliant on broadcasting revenues than smaller teams. FC Barcelona’s huge revenue increase could largely be attributed to overhauled operations, the report’s authors noted, such as its decision to bring merchandising and licensing activities in-house. “Barca is a clear example of a club adapting to changing market conditions, reducing the reliance on broadcast revenue and focussing on growing revenues within its control,” Dan Jones, partner in the Sports Business Group at Deloitte, said in a press release Tuesday. He added that the club’s commercial operation alone generated $437.6m of revenue between 2018 and 2019, which was more than the total revenue of the 12th placed club in the 2020 ranking. “With the club expecting further growth in commercial revenues, we expect them to retain the top spot in next year’s edition, and Barca is on course to be the first $1 billion Money League club in years to come,” Jones said.


Company: cnbc, Activity: cnbc, Date: 2020-01-14  Authors: chloe taylor
Keywords: news, cnbc, companies, topping, billiondollar, million, season, club, clubs, barcelona, track, money, revenues, league, deloitte, revenue, total, soccers


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Build-A-Bear stock pops on stronger-than-expected holiday sales, and the promise of Baby Yoda

The Child, popularly known as “Baby Yoda,” is a character in the new Disney+ series, “The Mandalorian”Is Baby Yoda good for business? Shares of Build-A-Bear Workshop skyrocketed 15% Tuesday after the company increased its 2019 full-year forecast, citing stronger-than-expected holiday sales, and revealed that it would be releasing a Baby Yoda plush in the coming months. The company said it now expects total revenue for fiscal 2019 to be between $334 million and $338 million. In addition to strong


The Child, popularly known as “Baby Yoda,” is a character in the new Disney+ series, “The Mandalorian”Is Baby Yoda good for business?
Shares of Build-A-Bear Workshop skyrocketed 15% Tuesday after the company increased its 2019 full-year forecast, citing stronger-than-expected holiday sales, and revealed that it would be releasing a Baby Yoda plush in the coming months.
The company said it now expects total revenue for fiscal 2019 to be between $334 million and $338 million.
In addition to strong
Build-A-Bear stock pops on stronger-than-expected holiday sales, and the promise of Baby Yoda Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-14  Authors: sarah whitten
Keywords: news, cnbc, companies, yoda, child, sales, stock, buildabear, total, strongerthanexpected, baby, revenue, holiday, plush, toy, million, promise, pops


Build-A-Bear stock pops on stronger-than-expected holiday sales, and the promise of Baby Yoda

The Child, popularly known as “Baby Yoda,” is a character in the new Disney+ series, “The Mandalorian”

Is Baby Yoda good for business? We’ll soon see.

Shares of Build-A-Bear Workshop skyrocketed 15% Tuesday after the company increased its 2019 full-year forecast, citing stronger-than-expected holiday sales, and revealed that it would be releasing a Baby Yoda plush in the coming months.

“We are pleased to have seen a positive shift in sales trend as the fourth quarter progressed leading into the peak holiday period and sales have continued to grow post-holiday with stronger gift card redemption levels and positive consumer response to our newest merchandise offerings leading us to increase our guidance for the year,” Sharon Price John, Build-A-Bear’s CEO, said in a statement.

The company said it now expects total revenue for fiscal 2019 to be between $334 million and $338 million. Previously, Build-A-Bear had predicted that its total revenue would be flat to down in the low single-digit range.

In 2018, the company reported total revenue of $336.6 million.

In addition to strong gift card redemption levels and improved sales, Build-A-Bear will no doubt benefit in the 2020 fiscal year from Baby Yoda.

John revealed a prototype of a new plush figure based on The Child character from Disney’s “The Mandalorian” at the ICR Conference in Orlando, Florida Tuesday.

“I’m excited to share we will be one of the first companies to provide the digital and internet phenomenon, who is trending higher than all the presidential candidates combined,” she said, according to a report from Business Insider. “We now will have The Child, also known as Baby Yoda.”

Like most toy companies, Build-A-Bear was left in the dark about the surprise character. So, it had to work quickly to create a product based on The Child in order to meet growing demand. The plush is expected to be available in the coming months.

While T-shirts and print-on-demand mugs, stickers and posters are easy to quickly produce, toy products and plush take a bit more time. Many pre-ordered toys including Funko Pops and selections from the Star Wars master toy license holder Hasbro won’t arrive to customers until May.

Notably, the Baby Yoda Funko was a top-selling action figure on Amazon in early December.

According to BI, John said that the build-your-own stuffed animal chain has seen significant growth from adults shopping online for products that are from Disney, Lucasfilm and Warner Bros.

Build-A-Bear shares have fallen nearly 16% over the past 12 months. The stock, which has a market value of $59.3 million, has traded in a narrow range between a high of $6.50 last March to a low of $2.31 in September.


Company: cnbc, Activity: cnbc, Date: 2020-01-14  Authors: sarah whitten
Keywords: news, cnbc, companies, yoda, child, sales, stock, buildabear, total, strongerthanexpected, baby, revenue, holiday, plush, toy, million, promise, pops


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Danske Bank offers 2,000 Danish employees voluntary redundancy

Danske Bank has offered 2,000 Danish employees voluntary redundancies as part of a cost cutting exercise, the bank told broadcaster TV2 on Monday. Danske Bank, which employs more than 20,000 in total, is cutting costs to cope with rising compliance costs and a tough business environment.


Danske Bank has offered 2,000 Danish employees voluntary redundancies as part of a cost cutting exercise, the bank told broadcaster TV2 on Monday.
Danske Bank, which employs more than 20,000 in total, is cutting costs to cope with rising compliance costs and a tough business environment.
Danske Bank offers 2,000 Danish employees voluntary redundancy Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-13
Keywords: news, cnbc, companies, tough, told, cutting, total, costs, redundancies, employees, danske, 2000, rising, offers, tv2, voluntary, danish, redundancy, bank


Danske Bank offers 2,000 Danish employees voluntary redundancy

Danske Bank has offered 2,000 Danish employees voluntary redundancies as part of a cost cutting exercise, the bank told broadcaster TV2 on Monday.

Danske Bank, which employs more than 20,000 in total, is cutting costs to cope with rising compliance costs and a tough business environment.


Company: cnbc, Activity: cnbc, Date: 2020-01-13
Keywords: news, cnbc, companies, tough, told, cutting, total, costs, redundancies, employees, danske, 2000, rising, offers, tv2, voluntary, danish, redundancy, bank


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