BEIJING--Chinese search-engine giant Baidu Inc. (BIDU) warned its first-quarter revenue could drop 5% to 13% as the coronavirus epidemic wallops many of the sectors that fuel its bread-and-butter advertising business. The Beijing-based company, once called the Google of China, said travel, real estate, and other businesses that rely on offline spending have slashed their marketing. The outbreak has frozen swaths of China's economy, forcing millions of people to remain indoors...
PRGX Global, Inc. (PRGX), a global leader in Recovery Audit and Spend Analytics services, recently held a webinar, The Proactive Grocer: Key Steps to Preventing Losses, in partnership with FMI The Food Industry Association.
Ratings agency Moody's said on Thursday it sees "elevated" risks to South Africa's budget forecasts due to doubts over whether trade unions will agree to cutting the public sector wage bill and potential liabilities from struggling state companies.
The American College of Financial Services today announced a set of newly elected officers and board members to its Alumni Association Board of Advisors, who assumed their positions on January 1, 2020.
The stock market has been a complete mess this week, with fears of the coronavirus and its impact on the global economy tripping the Dowinto correction territory on Thursday for the first time in more than two years. The tech-heavy Nasdaq Compositehas also been beaten up badly-- down almost 2% at last check-- and if the latest chart of the past 30 years from technical analyst Chris Kimble is any indication, the worst is yet to come:. Kimble, in a post this week on his Kimble Charting...
Ratings agency Moody's said on Thursday risks to South Africa's budget forecasts were elevated, ciiting uncertainty over talks with trade unions over the public sector wage bill and potential contingent liabilities from struggling state companies.
Business investment unlikely to improve much in near future. The numbers: O rders for equipment sold to U.S. businesses rose in January and investment increased, but the recent uptick might not be sustainable in light of disruptions to the global economy from a spreading coronavirus. Orders for durable goods dipped 0.2% last month, but the decline reflected a reversal in booking for defense weapons and other military-related supplies.
Pending sales declined on a monthly basis in the West, but improved across the rest of the country. The numbers: The index of pending home sales increased 5.2% in January following a decline the month prior, the National Association of Realtors reported Thursday. This was the second strongest monthly increase in over two years, but came off a significant decline in December.
WASHINGTON--Demand for long-lasting factory goods declined in January, a sign manufacturing began the year on tepid footing. Orders for durable goods-products designed to last at least three years-fell 0.2% in January from the previous month. Economists surveyed by The Wall Street Journal expected a 1.5% decrease.
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