Tag: surprise

S&P 500 Weekly Update: An ‘October Surprise’ Doesn’t Change The Market Outlook

“Full of sound and fury, signifying nothing.” – Macbeth

September comes to a close and the third quarter is in the books. The streak of monthly gains for the S&P 500 ended at five with September posting a loss of 3.9%. The quarter ended with an 8.4% gain. Given the dire forecasts that were part of the investment landscape in the last three months an investor just might call these results both “satisfying” and “normal”. When we take into account the rally off the March now stands at 45%, that view is confirmed.

The opening quote describes what investors have been subjected to lately. A lot of sound and fury with little to nothing of relevance behind the shouting. Recent stock market results drive home the point that listening to the attention seekers isn’t a profitable way to manage your investments.

According to many economists, the U.S. economic recovery is

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Small Business Hiring Reports Surprise Upswing in September

Hiring trends remain volatile amid the pandemic recovery but September numbers show signs of optimism, according to the CBIZ Small Business Employment Index

The CBIZ Small Business Employment Index (“SBEI”) reported significant growth to end the third quarter, with a seasonally adjusted increase of 1.5% for September. Hiring historically winds down in September, as summer comes to a close and businesses scale back their headcounts. The upswing in September 2020 underscores the volatile nature of the current employment landscape. The CBIZ SBEI tracks payroll and hiring trends for over 3,400 companies that have 300 or fewer employees, providing broad insight into small business trends.

“The hiring growth reported in September is a surprise and shows some optimism for the sector heading into the end of the year,” said Philip Noftsinger, Executive Vice President, CBIZ, Inc. “Businesses typically decrease their payrolls as students return to school. The increase in September 2020

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Bed Bath & Beyond Posts Surprise Profit on Booming Online Business | Investing News

(Reuters) – Bed Bath & Beyond Inc

on Thursday posted a surprise quarterly profit and its first comparable sales growth in nearly four years, boosted by strong online demand for home furnishing and decor, sending its shares up 17%.

Same-store sales jumped 6% for the second quarter ended Aug. 29, compared with a 1.78% drop estimated by analysts, according to IBES data from Refinitiv, largely helped by an 89% surge in online sales.

The retailer had been struggling to keep pace in a rapidly shifting retail landscape before the pandemic, prompting Chief Executive Officer Mark Tritton to focus more on the company’s online portfolio after taking charge last year.

“The marked improvement in our second quarter financial results reflects the potential of our digital-first, omni-always transformation,” Tritton said in a statement.

The company has benefited from consumers buying new furnishing and home decor online as many are expected to continue

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Bed Bath & Beyond posts surprise profit on booming online business



a car parked on the side of a building: Signs mark a Bed Bath & Beyond store in Somerville


© Reuters/Brian Snyder
Signs mark a Bed Bath & Beyond store in Somerville


(Reuters) – Bed Bath & Beyond Inc on Thursday posted a surprise quarterly profit and its first comparable sales growth in nearly four years, boosted by strong online demand for home furnishing and decor, sending its shares up 17%.

Same-store sales jumped 6% for the second quarter ended Aug. 29, compared with a 1.78% drop estimated by analysts, according to IBES data from Refinitiv, largely helped by an 89% surge in online sales.

The retailer had been struggling to keep pace in a rapidly shifting retail landscape before the pandemic, prompting Chief Executive Officer Mark Tritton to focus more on the company’s online portfolio after taking charge last year.

“The marked improvement in our second quarter financial results reflects the potential of our digital-first, omni-always transformation,” Tritton said in a statement.

Video: Costco Earnings: Positives and Negatives

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How two sisters turned a mothers’ day surprise into a growing online business


How two sisters turned a mothers’ day surprise into a growing online business

Matikas Santos (Philstar.com) – September 21, 2020 – 5:51pm

MANILA, Philippines — A simple Mothers’ Day surprise by two sisters for their mom turned into a growing online business as they found a market of hungry quarantined Filipinos yearning to satisfy their cravings for sweet baked goodies.

Angelica Salac, 18, baked her mother’s favorite Brazo de Mercedes and since it was a big hit in the household, she and her sister Monica Salac, 22, got the idea to sell it online like so many others seeking additional income amid the pandemic.

“Madaming mga nagsa-start ng online business, lalo na sa food, at saka yung mga tao. nasa bahay lang so nakita namin na malaki din potential na mag-start ngayon,” Monica, an HRM graduate, told Philstar.com in an online video interview.

She has been under a no-work,

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