Back in November in this very column, I wrote an article called “Stop the big tech headcount!” — a nod to the desperate need for big tech firms to slow down the hiring madness. It was obvious to anyone with the smallest appreciation for operating margins that things simply couldn’t continue the way they were.
In banking, the concept of “jaws” gets thrown around. It means the difference in growth rate between revenue and expenses. If revenue is growing faster than costs, you’re in positive jaws territory and margins are going the right way. Banks watch this carefully because it is difficult for them to claw back any margin destruction...
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International Finance: NYSE says certain trades to be cancelled after glitch at openThe New York Stock Exchange said some trades will be declared “null and void” after a glitch caused hundreds of securities to commence trading on Tuesday without an opening auction price.
Source: dailymaverick - 🏆 3. / 84 Read more »
Chinese govt favours SA for travel groups - thanks to Covid-19 tests not being enforced | BusinessSouth Africa's decision to not impose Covid-19 tests on Chinese tourists is one of the key reasons why it is one of the first countries to which the Chinese government has approved group travel. | News24_Business _Business China and the US, who has the highest number of infection and deaths from C19? It's by far the United States. It must definitely be the first nation to be barred into South Africa. _Business Of course South Africa is in huge debt to China… they kinda own SA… SA has served their handler well!
Source: News24 - 🏆 4. / 80 Read more »