Saturday, 6 Mar 2021

Business

Teen Vogue Selects Its Next Top Editor, the Political Reporter Alexi McCammond

Alexi McCammond, a political reporter at Axios whose relationship with a White House aide was recently in the headlines, will be the next editor in chief of Teen Vogue, Condé Nast announced Friday. Ms. McCammond, 27, made her name covering the 2018 midterm elections and Joseph R. Biden’s presidential campaign for Axios, a site known […]

Teen Vogue Names Alexi McCammond Editor in Chief

Teen Vogue has looked to the political world for its new top editor. The Condé Nast brand just named Alexi McCammond, most recently a political reporter at Axios, its new editor in chief, taking the reins from Lindsay Peoples Wagner, who left to take the top job at The Cut. McCammond begins her new role […]

Market close: NZ sharemarket slides as My Food Bag fails to deliver

My Food Bag failed to deliver a treat to hungry investors but the Government did by taking Auckland out of lockdown, and the New Zealand sharemarket finished the week with minimal damage. The S&P/NZX 50 Index picked up and erased a half per cent fall after it was announced Auckland was going back to alert […]

My Food Bag shares list on the NZX at a discount

Meal kit company My Food Bag listed on the sharemarket this morning at a discount to its initial public offer price – the shares opening trading at $1.76, down 5 per cent. The company had sold 184.9m shares at $1.85 in an IPO that was oversubscribed meaning some investors had their allocations scaled back. My […]

Market Watch: Why good news is bad news for sharemarkets

Good news about vaccines and potential Covid recovery have hit sharemarkets in the past few weeks. At one point the NZX-50 was down more than 10 per cent from January highs – a technical correction. “It’s a funny situation when good news becomes bad news,” Pie Funds chief executive Mike Taylor told Market Watch. “The […]

Wall Street set for tepid open ahead of Powell speech

(Reuters) – Wall Street’s main indexes were set for a muted open on Thursday as data showed a staggering recovery in the labor market, while investors were cautious ahead of remarks from Federal Reserve Chair Jerome Powell amid a recent rise in U.S. bond yields.Slideshow ( 2 images )The number of Americans filing for jobless […]

Yen near seven-month low, Asian shares fall as bond yields rise

NEW YORK (Reuters) – The Japanese yen hit a seven-month low on the dollar on Thursday as hopes that vaccine distribution and more government stimulus will drive the U.S. economy into a solid rebound lifted the greenback and benchmark Treasury yields.FILE PHOTO: A man is reflected on a stock quotation board in Tokyo, Japan February […]

Jarden Brief: Figures show which cars Kiwis bought in February

Keeping you up to date with the latest market moves, in association with Investment firm Jarden New Zealand: The NZX 50 ended the day up 0.1 per cent. The financial sector was the best performer, up 2.3 per cent, followed by the consumer cyclicals sector, up 1 per cent. Technology was the worst performing sector […]

Indigenous peoples sue retailer Casino over Amazon destruction

FILE PHOTO: A burning tract of the Amazon jungle is seen near Apui, Amazonas State, Brazil, August 11, 2020. REUTERS/Ueslei Marcelino/File PhotoPARIS (Reuters) – Indigenous peoples from Brazil and Colombia sued retailer Casino in a French court on Wednesday over the selling of beef linked to land grabbing and deforestation in the Amazon, campaigners involved […]

Michaels will be acquired by a private equity firm in a $5 billion deal.

Apollo Global Management announced Wednesday that it would acquire the crafts retailer Michaels in a deal that valued the company at $5 billion. The acquisition is a bet that Michaels can continue to ride the wave of enthusiasm for crafting spurred by Americans stuck at home during the pandemic. The company has also invested in […]