Tag: Confidence

U.S. small business confidence at highest since February

(Reuters) – U.S. small business confidence rose last month to its highest since the onset of the coronavirus pandemic earlier this year with more firms experiencing an uptick in foot traffic and sales, according to a monthly survey released on Tuesday.



a display in a store: FILE PHOTO: Miami-Dade County eases some of the lockdown measures put in place during the coronavirus disease outbreak


© Reuters/Marco Bello
FILE PHOTO: Miami-Dade County eases some of the lockdown measures put in place during the coronavirus disease outbreak

The National Federation of Independent Business Optimism Index rose 3.8 points to a reading of 104 in September, the highest level since February. After crashing to a seven-year low in April, the index has rebounded sharply as restrictions imposed on businesses and consumers to contain the spread of COVID-19 have continued easing.

Nine of the index’s 10 components showed improvement, led by a 13 point improvement in business owners’ assessment of earnings trends. A larger net percentage of firms expect the economy to improve as well, and a

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Ideas in the Wild: How Alex Yastrebenetsky and Michael Loban Are Helping Instill Marketers with Decision-Making Confidence

In 2019, $130 billion was spent on digital advertising alone, as major retailers, consumer packaged goods companies (CPG), and media outlets embraced the ever-online customer. Despite these massive digital marketing budgets driving global ad campaigns, many marketers still lack the confidence to answer the age-old question: Is my campaign working?

Alex Yastrebenetsky and Michael Loban wrote Crawl, Walk, Run to be the practical guide for navigating each stage of analytics maturity, taking readers step-by-step through an analytics maturity framework to achieve greater efficiency and increased confidence in their marketing decisions. I recently caught up with Alex to learn what inspired him and Michael to write the book, along with his favorite idea he shares with readers in the book.

Published with permission from the author.

What happened that made you decide to write the book? What was the exact moment when you realized these ideas needed to get out there?

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U.S. Small Business Confidence at Highest Since February | Investing News

Reuters

FILE PHOTO: A “We’re Hiring” sign advertising jobs is seen at the entrance of a restaurant, as Miami-Dade County eases some of the lockdown measures put in place during the coronavirus disease (COVID-19) outbreak, in Miami, Florida, U.S., May 18, 2020. REUTERS/Marco BelloReuters

(Reuters) – U.S. small business confidence rose last month to its highest since the onset of the coronavirus pandemic earlier this year with more firms experiencing an uptick in foot traffic and sales, according to a monthly survey released on Tuesday.

The National Federation of Independent Business Optimism Index rose 3.8 points to a reading of 104 in September, the highest level since February. After crashing to a seven-year low in April, the index has rebounded sharply as restrictions imposed on businesses and consumers to contain the spread of COVID-19 have continued easing.

Nine of the index’s 10 components showed improvement, led by a 13 point

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stock market will test confidence in profits and politics

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What’s less certain, and more pressing for investors in the week ahead, is the fate of another stimulus plan. House Democrats, Senate Republicans and the Trump administration have been talking on and off for weeks regarding more federal spending to help underpin the pandemic economy.

Getty Images/iStockphoto

President Donald Trump’s positive COVID-19 diagnosis doesn’t change the market’s conviction in two things: There will be another federal stimulus bill, and corporate profits are recovering.

The conviction in one of those is more well-grounded than the other. Yet, it’s the faith in the other that may be tested in the week ahead without meaningful evidence of progress.

The bulk of corporate earnings season still is a few weeks out. Confidence is high the third quarter was not the mess business experienced in the springtime. Sure, the pandemic continues, re-openings, shutdowns and re-openings added to the already-volatile environment for companies to eke

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Consumer confidence surges to highest level since start of coronavirus pandemic

The numbers: Consumer confidence rose in September to the highest level since the coronavirus pandemic began after the number of cases declined and the economic forged ahead, a closely followed survey showed.

The index of consumer confidence rose to 101.8 this month from 86.3 in August, the Conference Board said Tuesday. It was the biggest one-month increase in 17 years.

Economists polled by MarketWatch had forecast a smaller increase in the index to 89.6. The level of confidence in August was also revised slightly higher after initially showing the lowest reading since the pandemic began more than six months ago.

“A more favorable view of current business and labor market conditions, coupled with renewed optimism about the short-term outlook, helped spur this month’s rebound in confidence,” said Lynn Franco, senior director of economic indicators at the board.

See:MarketWatch Coronavirus Recovery Tracker

What happened: An index that gauges how consumers

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Key week in EU-UK talks kick off with confidence low

BRUSSELS (AP) — The European Union and recently departed EU member Britain are entering a crucial week of talks, hoping to salvage a rudimentary trade deal within weeks despite a negotiating climate spiked with accusations of untrustworthiness.



FILE - In this Tuesday, March 3, 2020 file photo, Britain's Prime Minister Boris Johnson gestures, during a press conference at Downing Street on the government's coronavirus action plan in London. Britain botched its response to the coronavirus the first time around. Now many scientists fear it’s about to do it again.
The virus is on the rise again in the U.K., which has recorded almost 42,000 COVID-19 deaths, with confirmed infections at their highest level since May.  (AP Photo/Frank Augstein, Pool, File)


© Provided by Associated Press
FILE – In this Tuesday, March 3, 2020 file photo, Britain’s Prime Minister Boris Johnson gestures, during a press conference at Downing Street on the government’s coronavirus action plan in London. Britain botched its response to the coronavirus the first time around. Now many scientists fear it’s about to do it again.
The virus is on the rise again in the U.K., which has recorded almost 42,000 COVID-19 deaths, with confirmed infections at their highest level since May. (AP Photo/Frank Augstein, Pool, File)

Monday’s talks will center on Britain’s recent threat to renege on parts of the withdrawal treaty it signed and which allowed it to officially leave

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Wachusett School Committee to take up no confidence vote in superintendent’s return planning – News – telegram.com

Spurred by some families and teachers’ recent frustrations with the district’s pandemic learning plan, a contingent of Wachusett Regional School Committee members has called for a special meeting to take a vote of no confidence in Superintendent Daryll McCall’s handling of the schools’ return this fall.

The motion up for vote at Tuesday’s meeting also would make the administration bring in an outside consultant to help steer the district’s educational model this year.

“What we’re really trying to do with this … is make a pivot in how we’re approaching” the education plan, said Michael Dennis, the committee’s vice chairman and one of the eight committee members who called for the special meeting.

Dennis, who is from Holden, said the committee has heard from dozens of parents and teachers in the last couple weeks upset with what they feel has been a lack of communication and planning from the administration.

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Pakistan’s central bank to adopt a wait-and-see approach to spur business confidence, governor says

  • Pakistan’s central bank is in “wait-and-see” mode to give businesses the confidence they need to start investing again and keep people employed, Governor Reza Baqir said Wednesday.
  • The State Bank of Pakistan this week kept its policy rate unchanged at 7%.
  • Baqir said that the central bank does not see any demand-side pressure on inflation in the near term due to the coronavirus pandemic

Pakistan’s central bank is adopting a ‘wait-and-see’ mode, says governor

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SINGAPORE — Pakistan’s central bank is in “wait-and-see” mode to give businesses the confidence they need to start investing again and keep people employed, Governor Reza Baqir said Wednesday. 

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After reducing by 625 basis points since March, the State Bank of Pakistan this week kept its policy rate unchanged at 7%. In its policy statement, the central bank said that business confidence and the growth outlook have improved as

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Asian business confidence rebounds sharply, pandemic casts shadow: Thomson Reuters/INSEAD survey

By Nikhil Nainan

BENGALURU, India (Reuters) – Business sentiment among Asian firms rebounded in the third quarter as easing coronavirus restrictions lifted sales but lingering uncertainty over the pandemic thwarted a return to business-as-usual, a Thomson Reuters/INSEAD survey showed.

Asian firms’ outlook for the next six months tracked by the Thomson Reuters/INSEAD Asian Business Sentiment Index <.TRIABS> <RACSI> jumped to 53 in the third quarter from an 11-year low of 35 in the second, according to the survey of 103 companies across 11 Asia-Pacific countries.

It was also higher than the 50-point mark, which indicates a positive outlook.

The survey comes as the easing of coronavirus restrictions across Asia has reduced pressure on hard-hit economies, though the experience has varied across the region, with some still in recession and others, like China, seeing a steady recovery.

More than two-thirds of the companies polled said they saw the pandemic, or a

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Asian business confidence rebounds sharply, pandemic casts shadow – Thomson Reuters/INSEAD survey

BENGALURU, India (Reuters) – Business sentiment among Asian firms rebounded in the third quarter as easing coronavirus restrictions lifted sales but lingering uncertainty over the pandemic thwarted a return to business-as-usual, a Thomson Reuters/INSEAD survey showed.

FILE PHOTO: People wearing face masks following the coronavirus disease (COVID-19) outbreak walk at a shopping mall in Hong Kong, China July 20, 2020. REUTERS/Lam Yik/File Photo

Asian firms’ outlook for the next six months tracked by the Thomson Reuters/INSEAD Asian Business Sentiment Index jumped to 53 in the third quarter from an 11-year low of 35 in the second, according to the survey of 103 companies across 11 Asia-Pacific countries.

It was also higher than the 50-point mark, which indicates a positive outlook.

The survey comes as the easing of coronavirus restrictions across Asia has reduced pressure on hard-hit economies, though the experience has varied across the region, with some still in recession

Read More