Tag: Continuing

Visa: Continuing Recovery Brings Double-Digit Annualised Return (NYSE:V)

Introduction

We review Visa (V) (Buy-rated in our coverage) ahead of FY20 results on October 28, referencing last quarter’s results, recent volume data and management comments.

Since our initial Buy rating in June 2019, Visa shares have returned 25.3% (including dividends), slightly ahead of the S&P 500, behind Mastercard (MA) (Buy-rated) and PayPal (PYPL) (also Buy-rated), but far ahead of American Express (AXP) (Neutral-rated):

Stable Year-on-Year Volume Trends

The last set of Visa volume data was for August, which showed stable year-on-year trends in U.S. payments, with a 7% year-on-year growth (8% in July):

Debit card volume continues to lead the recovery, partly due to consumers using their debit cards in purchases that were previously made with cash withdrawn from ATMs. The year-on-year decline in Card Present decelerated slightly in late August, but volume was still down high-single-digits. Card Not Present (Excluding Travel) volume remained at 30% higher year-on-year.

Outside

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Steelers, Texans Continuing Week 4 Prep Despite Titans’ COVID-19 Outbreak | Bleacher Report

Pittsburgh Steelers helmet on the field against Denver Broncos during an NFL football game, Sunday, Sept. 20, 2020, in Pittsburgh, PA. (AP Photo/Rick Osentoski)

Rick Osentoski/Associated Press

The Pittsburgh Steelers and Houston Texans aren’t disrupting their preparations for Sunday’s Week 4 games against the Tennessee Titans and Minnesota Vikings, respectively, after three Titans players and five members of the staff tested positive for COVID-19.

“We have been in contact with the NFL regarding the positive COVID-19 tests with the Tennessee Titans,” the Steelers said in statement Tuesday, via Mike Garafolo of NFL Network. “We have been informed to proceed with our game preparations for Sunday’s game until we are informed otherwise.”

Aaron Wilson of the Houston Chronicle reported the Texans are also “maintaining normal operations” in the wake of Tennessee’s positive tests.

The Titans closed their team facilities because of the positive tests. According to ESPN’s Dianna Russini, their doors will remain closed until Saturday, which presents obvious issues during a game week. Russini added that the NFL hasn’t made a decision about

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Build Business Skills With Westport Continuing Ed’s Online Course

Press release from Westport Public Schools:

Sept. 21, 2020

Are you in a job search, or looking to improve your business skills? Westport Continuing Education is offering several courses to help you learn essential skills for business, including graphic design and social media. Registration is now open on the Westport Continuing Education website here.

LinkedIn is an excellent tool to build your professional profile, network, and to build your brand. Join professional graphic designer Rebecca Tudor to learn best practices to Create an All-Star LinkedIn Profile on three Tuesdays starting on September 29. The class meets online from 6:00–7:00 pm and costs only $45. Tudor is also teaching Graphic Design Fundamentals on six Thursdays from October 1 through November 5 from 6:30–8:00 pm for $169. Design and branding matter more now than ever. This introductory class is perfect for business owners, entrepreneurs, those thinking about starting a business and anyone

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Anchorage business survey highlights continuing economic pain caused by the pandemic

One in six local businesses increasingly fear they won’t survive the repercussions of the COVID-19 pandemic, and several already report shutting down, according to a survey released Wednesday by the Anchorage Economic Development Corp.

“We’ve got a long road in front of us in terms of the damage we’ve incurred already from COVID-19,” said Bill Popp, president of AEDC. “A fair number of businesses aren’t sure they’ll make it through this.”

The survey polled 195 businesses, but not all respondents answered every question. The survey found that 165 respondents, or 85%, said they experienced disruption to their business during the pandemic, including declining sales and job cuts, and changes to work patterns such as more employees working remotely.

Fourteen businesses, or 9% of respondents to the question, said they have already closed permanently, according to the survey, created in conjunction with the McDowell Group, a research firm.

The survey does

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Protecting jobs, continuing business utmost priority amid severe economic situation

Japanese Chief Secretary and front-runner for the country’s leadership race Yoshihide Suga is on the wires now, via Reuters, making some comments on the economic recovery and coronavirus situation.

Key quotes

“Will expand coronavirus testing capacity.”

“Will aim to make sure everyone receives coronavirus vaccines.”

“Protecting jobs, continuing business are our utmost priority amid the severe economic situation.”

“Want to protect people’s lives from coronavirus while expanding the economy.”

“Will support tourism through the go-to campaign while maintaining coronavirus prevention measures.”

“Want to thoroughly tackle reform to lower cellphone fees.”

“Abenomics will continue, to pursue further reform.”

“Will strengthen reforms carried out until now, including tourism expansion, promotion of agricultural exports.”

“Security environment around japan is increasingly tough.”

“Will build stable ties with neighboring countries including China.”

“Will pursue a constructive debate on constitutional reform.”

“Want to establish an agency in charge of digitalization.”

“Want to lay a groundwork to

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