Blog – Left Sidebar

A surge in the number of Americans testing positive for the coronavirus this month is worrying medical experts at the same time as the nation prepares for its first major indoor holiday during the COVID-19 pandemic.

Jeremy Grantham, co-founder and chief investment strategist at Boston-based money manager Grantham, Mayo, Van Otterloo & Co., has seen his fund badly trail the broader stock market in 2020.

Stocks in London fall, keeping in step with losses for global markets, with major oil companies and bank stocks leading the way lower. And U.K. Chancellor Rishi Sunak announced spending plans to help the country tackle economic fallout from the coronavirus pandemic.

Gap’s namesake and Banana Republic brands are still struggling, but Old Navy and Athleta are expected to grow to 70% of the company’s business by 2023.

Goldman Sachs is being forced to open a new stock trading hub in Paris, due to uncertainty surrounding Brexit and London’s future as a European stock trading center.

Nordstrom’s third-quarter results have sent shares soaring, but some analysts are wary about the off-price business and what the post-pandemic future holds.