Tag: jump

44% of Americans Plan to Apply for Store Credit Card This Holiday Season; Big Jump From 2019

CHARLOTTE, N.C., Oct. 12, 2020 /PRNewswire/ — A lot more Americans say they’re likely to apply for a store credit card this holiday season than did in either of the previous two years, according to a new report from CompareCards by LendingTree.

That’s despite the fact that more than half (56%) of people who say they’ve had a store credit card say they’ve regretted getting one.

Full report: https://www.comparecards.com/blog/2020-store-card-report/ 

Key findings:

  • Big jump in interest in store cards: 44% of Americans say they’re at least somewhat likely to apply for a store card during the holiday shopping season. That’s up from 32% in 2019 and 24% in 2018.
  • Store card APRs fall: The average APR for a new store credit card is 24.24%, down from 25.41% in 2019, thanks largely to Federal Reserve interest rate cuts.
  • More regrets: More than half (56%) of those who have had a
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Link Shares Jump 27% on Pacific Equity, Carlyle Group Takeover Proposal

Link Administration Holdings Ltd, an Australia-based provider of services in superannuation administration industry, said it has received a conditional A$2.76 billion proposal from a consortium comprising Pacific Equity Partners, Carlyle Group to acquire 100% of the stake, sending its shares up 27% to A$5.1 on Monday.

The non-binding offer of A$5.20 a share is at a 30.3% premium to the shareholder registry firm’s last closing price and has the support of Perpetual Ltd, which owns 9.7% of the company, Reuters reported.

The Link Group Board will consider the Proposal, including obtaining advice from its financial and legal advisers. Shareholders do not need to take any action in relation to the Proposal. It should be noted that there is no certainty that the discussions with the Consortium will result in any transaction, the company said.

Link Group has appointed Macquarie Capital and UBS as its financial advisers and Herbert Smith Freehills

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U.S. stocks jump, Treasury yield curve steepens on incremental stimulus proposals

NEW YORK (Reuters) – U.S. stocks rebounded to close sharply higher on Wednesday after incremental stimulus proposals helped investors recover from the shock of President Donald Trump’s announcement on Tuesday that he would halt stimulus talks until after the Nov. 3 election.

FILE PHOTO: A street sign, Wall Street, is seen outside New York Stock Exchange (NYSE) in New York City, New York, U.S., January 3, 2019. REUTERS/Shannon Stapleton/File Photo

Increased risk appetite also resulted in weaker Treasury prices and a steepening yield curve as markets were heartened that at least some fiscal aid measures to help an economy battered by the coronavirus pandemic were still on the table.

While White House Chief of Staff Mark Meadows said he was “not optimistic for a comprehensive deal,” Trump appeared to relent somewhat, urging Congress to pass a $25 billion airline bailout, a move also supported by U.S. House of Representatives Speaker

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The Latest: South Korea has biggest case jump in a week

Ninety-two of the newly confirmed cases were in the Seoul metropolitan area, which has been at the center of a viral resurgence since mid-August. Health officials have been struggling to track transmissions linked to various places, including hospitals, churches, restaurants and an army unit in Pocheon, north of Seoul, where 37 soldiers so far have tested positive.

HERE’S WHAT YOU NEED TO KNOW ABOUT THE VIRUS OUTBREAK:

— Pentagon says top military leaders are under self-quarantine

— How do I politely ask someone to wear a mask? If in store or restaurant, have a manager make the request

— Virginia Gov. Northam has mild symptoms 2 weeks after virus diagnosis

— Despite decades of warnings about the fragile supply lines bringing protective gear from overseas factories to America’s health care workers, the U.S. was unprepared for the coronavirus pandemic.

— Hospitals and staff are stretched to their limits again in

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How people of color can jump start their businesses, according to entrepreneur Melissa Bradley

Melissa Bradley founded 1863 Ventures to help women and people of color jump start their businesses.

Source: Melissa Bradley

Melissa Bradley’s mission to help women and people of color build their businesses stems from the hardships she faced as a young entrepreneur.

The 52-year-old, co-founder of the mentorship tech platform Ureeka and a Georgetown University professor, started her first company shortly after she graduated from college 30 years ago. The business’ mission was to provide financial literacy services to parents.

Bradley says that when she went to a government agency for a loan, she was told she had three strikes against her: She was Black, she was a woman and the person said she didn’t know any successful Black women in finance.

Bradley, who recently participated in the Ewing Marion Kauffman Foundation and CNBC + Acorns Invest in You’s “Rebuilding Better: A Virtual Town Hall for America’s Small & New

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70% Jump In First-Time Jobless Claims In Maryland Last Week

MARYLAND — First-time claims for unemployment benefits jumped nearly 70 percent last week, according to the Maryland Department of Labor, after dropping to its lowest level since mid-March.

Data released Thursday shows 15,444 workers applied for jobless relief in the week ending Sept. 26. That represents a 68 percent increase from the 9,185 jobless claims that were filed the prior week. It also pushes the total number of filings since early March, when the pandemic first spread in Maryland, to more than 1.18 million.


Patch editors would like to talk to Maryland employers fighting to keep their business afloat or workers who have lost their jobs during the pandemic. And we want to hear success stories, too. Please send an email to [email protected] with your name, town you live in, phone number, email and a couple sentences about your situation. An editor may follow up.


Prior to the pandemic, first-time

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Is Your Business Prepared to Jump on the Digital Trend?


Achieving success at anything in life has often been associated with the mindset of survival of the fittest. While that notion holds some merit, former LSU business professor Leon C. Megginson wrote in 1963, “It’s not the strongest nor most intelligent of the species that survive. It’s the ones who are most adaptable to change.” If there was ever a quote best suited for navigating today’s landscape, this is it.



For years, the need for relatable content has been on an upward trajectory as consumers are much savvier — and warier — of sponsored content. Having been a powerful marketing tool for quite some time, influencers are gaining more traction during the age of Covid simply because they can create a sense

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U.S. business activity slows; house prices jump

WASHINGTON (Reuters) – U.S. business activity cooled in September, with gains at factories offset by a retreat at services industries, suggesting a loss of momentum in the economy as the third quarter draws to a close and COVID-19 lingers.

FILE PHOTO: A ‘for sale’ is seen outside a single family house in Garden City, New York, U.S. on May 23, 2016. REUTERS/Shannon Stapleton/File Photo

Data firm IHS Markit said on Wednesday its flash U.S. Composite PMI Output Index, which tracks the manufacturing and services sectors, slipped to a reading of 54.4 this month from 54.6 in August. A reading above 50 indicates growth in private sector output. Though the private sector continues to expand, this month’s dip in the index supports expectations of an ebb in economic momentum as the boost from fiscal stimulus fades.

Gross domestic product is expected to rebound at as much as a record 32% annualized

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New Research Shows Big Jump In Sophisticated Online Shoppers

The pandemic caused drastic travel restrictions and non-essential business closures, driving seismic shifts in how and where consumers spend their money. Consumers had no choice but to turn to the digital channel as brick-and-mortar stores and restaurants closed during the height of outbreaks. These shifts brought several consumers online for the first time and caused existing e-commerce users to increase their online shopping frequency.

In order to understand the degree to which connected consumers have shifted toward the digital channel during the COVID-19 pandemic, Euromonitor International analyzed results from two global consumer surveys* with a fielding difference of nine weeks between early January to late March.

Nearly every category highlighted in the chart below recorded a double-digit increase in the percentage of connected consumers making digital purchases between the two fielding timeframes.

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Tips to jump start your online marketing

In one column a few weeks ago, I suggested the following:

1. Revisit your brand and marketing strategy to establish an online presence that is strong and effective. And 2. Let your community know you are there. In my recent chats, I was asked to find some key selling tips for this online strategy. That was a good suggestion!

I found an interesting project done by Brett Farmiloe, who is founder & CEO of Markitors, a digital marketing company that connects small businesses to customers through organic search. He enjoys converting insights from small business owners into high-quality articles for brands. Farmiloe commented that “the shift to selling online can be monumental for a business that had little digital presence before the pandemic.

“However, setting up an eCommerce site is challenging and, at times, overwhelming.”

So, he asked several experts in the digital marketing field, “What is your best eCommerce

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