Corona Capital: ZoomInfo goes public with a big pop despite Covid-19; and the United States’ goods-trade deficit with Europe will test Washington’s mood. Read the latest:
its incoming crop of first-year recruits up to $25,000 to wait as much as a year before starting.
But there’s a downside to layoffs and hiring delays. Advisers risk being short-staffed when activity picks up. And an echelon of junior bankers will miss out on what could be some era-defining deals. Grocers’ pandemic boom may be fizzling out, according to Eurostat data released on Thursday. Although sales of food, drinks and cigarettes surged more than 5% in March, demand slumped 5.5% the next month. It’s been easy for supermarkets to make money from couchbound punters.
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ZoomInfo rockets over 80% in first tech IPO of Covid-19 eraZoomInfo priced its IPO at $21 per share on Wednesday after raising the range to between $19 and $20.
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Corona Capital: Crisis loans, Jet fightingConcise views on the pandemic’s corporate and financial fallout: Bank customers are no longer making a dash for cash, loan drawdowns suggest. Meanwhile, a U.S. block on Chinese passenger flights suggests domestic battles haven’t dimmed President Trump’s desire to make China pay.
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