Focus

Coronavirus sparking a ‘focus on relationships’ and boosting Internet sales

Signet Jewelers (SIG), the world’s largest retailer of diamond jewelry, is seeing pent up demand for marriage proposals following COVID-19 lockdowns — with lots of help from soaring online sales.

The parent company of well-known brands such as Kay Jewelers, Zales, and Jared: The Galleria of Jewelry, gleaned this insight from conducting its bespoke jewelry research on consumer trends during the coronavirus outbreak.

CEO Gina Drosos told Yahoo Finance that more than half of couples who were already engaged decided to quarantine together; of that number, nearly half said their relationship had gotten better, according to a Signet survey — and in many cases accelerated timelines to get engaged.

“So, I think, if anything, COVID-19 has made all of us focus on relationships and those who we really care for and want to go ahead and make [a] commitment,” Drosos told “The Ticker” in a recent interview. 

The survey also

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Macy’s rethinks holidays in the time of COVID-19 with new gifts, online focus

By Melissa Fares and Nivedita Balu

(Reuters) – Macy’s Inc <M.N> will drastically change how it does business this holiday season, executives said on Wednesday, placing a sharper focus on online sales and promoting more beauty and home items to shoppers opting to stay home due to the COVID-19 health crisis.

Shares of the largest U.S. department store operator rose as much as 11% after it reported a smaller-than-expected quarterly loss and beat sales estimates as shoppers bought more activewear, shoes and handbags on its app and website during the pandemic. They were up about 4% in late morning trading.

“Our immediate priority is successfully executing Holiday 2020,” Chief Executive Officer Jeff Gennette said.

The holiday season accounts for a huge chunk of annual sales for retailers. This year, retailers are rolling out their earliest-ever holiday deals and promotions.

Gennette said nearly half of the company’s total gift assortment will

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Five things to focus on in your CV

Looking for work can be a daunting experience, especially amid an economy grappling with the effects of Covid-19. But there are things you can do to maximise your chances of gaining a job interview by paying attention to your CV.

Let’s start with the basics: your CV should include your name and contact details, skills, work and volunteer experience, qualifications, education and referees who can vouch for you. Beyond this, you should pay attention to the following tips from the experts.

1. Tailor your CV for each job

Recruiters face hundreds of applications for every job, so you need to make sure yours stands out. You may be applying for several jobs at the same time, but do not send out the same CV to everybody. Make sure you write it with a particular job in mind.

A CV can seem like it should be easy to do, says Corinne

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Life Insurance Stocks in Focus Amid Coronavirus-Induced Changes

Covid-19 has proved to be an eye-opener for customers of the life insurance industry as they are now more appreciative of the value of life insurance. Prior to this pandemic, even the informed ones had been postponing the purchase of life insurance. And even when they bought it, the insurance cover had always been clearly inadequate. This mindset is probably changing now as customers are visibly opting for more protection products. A life insurance policy should be owned by each and every person at the beginning of their career.

Rising Interest in Insurance Cover

Per a recent survey by Lincoln National Corp. LNC, more than a third of consumers attach importance to life insurance while a similar number confirm that they either have or are planning to purchase one.

According to MIB Life Application Activity, U.S. residents aged below 45 spent a considerable sum on life insurance in July, echoing

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Fintech Focus For August 20, 2020

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Fintech Header

Quote Of The Day: Whoever is happy will make others happy too. – Anne Frank

Fintech Movers: There is a large opportunity for Google to leverage its massive direct consumer relationships to attract [banks] to sign up for co-branded checking accounts. For many of the bank and credit union partners, especially some of the smaller ones, this new channel will provide a tremendous opportunity to acquire new customers. – Banking Dive

  • FCA approves Archax as an exchange.

  • Passfolio expands global trading app.

  • JPM, Commonwealth fintech partners.

  • Xignite helps SoFi boost engagement.

  • Xformative joins Mastercard program.

  • Citi invests in data management firm.

  • Moov raises $5.5M for banking tech.

  • FIS launched new ClearEdge solution.

  • NestEgg introduces collaboration tech.

  • Levchin eyes new fintech opportunities.

  • Gemini taps Eventus for surveillance.

  • Crux announces an AWS collaboration.

  • Bitfinex launches Secondary Sale tech.

Benzinga Global Fintech Awards Spotlight: 

Every year Benzinga, a leading news and

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Fintech Focus Roundup For August 1, 2020

It’s A Great Time To Be A Bitcoin Banker

What Is Happening? The crypto banking scene has revved up considerably in the span of a few months, with major acquisitions and raises tied to the race to build out crypto’s first full prime broker.
What Does It Mean? Prime brokerage has become an attractive opportunity for many in the crypto industry, but … in contrast to the traditional finance world, the digital asset space is still determining what a true prime broker looks like — thus leaving room for experimentation and growth.

Coinbase Extends Goodwill To Regulators

What Is Happening? San Francisco Coinbase is best-known for being the poster child for cryptocurrency trading in the U.S., but a relatively new service has been increasingly making headlines: Coinbase Analytics.
What Does It Mean? The product supports Coinbase’s core business of cryptocurrency trading inasmuch as it builds “goodwill” with regulators by making

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Fintech Focus For July 30, 2020

Daily Perspective: Not all those who wander are lost. – J.R.R. Tolkein

Fintech Movers: Investors and entrepreneurs say that while the COVID-19 pandemic has boosted demand for fintechs in areas such as digital payments and online trading, it has hurt more vulnerable sectors such as online lending. This is likely to hasten the demise of weaker players, lead to more acquisitions and entrench the dominance of older fintechs with deeper pockets. – Reuters

  • Lawmakers scrutinize trade apps.
  • Trading Technologies preps OMS.
  • State Street intros post-trade TCA.
  • Overstock’s tZERO reduces size.
  • eToro has acquired Marq Millions.
  • Crux becomes MSCI data solution.
  • Microsoft licenses Crowe software.
  • Refinitiv acquires Advisor Software.
  • EU eyes rolls back of MiFID II rules.
  • Fintech Remitly raises $85M round.
  • Curve, Onfido streamline onboarding.
  • ICE expands ETF Hub internationally.

Benzinga Global Fintech Awards Spotlight:

Every year Benzinga, a leading news and data platform, holds the Global Fintech Awards, a

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100 Bowls Of Soup Shifts Focus To Carry On

HERNDON, VA — Like many Herndon small business owners, Katharine Mardirosian had to look at her business in a completely different way due to the coronavirus pandemic.

When Patch talked to the owner and founder of 100 Bowls of Soup back in April, she said the Sunset Business Park was like a ghost town, with so many non-essential businesses closed because of Virginia Gov. Ralph Northam’s stay-at-home order.

“It’s really hard to see all of these businesses,” Mardirosian said, at the time. “They’re trying their best to adapt. I think that’s an inspiring message from what I’ve seen is the way with which many of these businesses have adapted, put their offerings online, tried to offer some semblance of a menu, even if it’s a carryout/curbside order.”

As a small-scale food production business, 100 Bowls of Soup did not have to close its doors, but Mardirosian did have to scale

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Fintech Focus For July 10, 2020

Daily Perspective: The market is not the economy. – Mike Loewengart

Fintech Movers: The digital lending platform market was estimated at $4 billion in 2018. This number is expected to grow at a compounded annual growth rate of over 20% in the next 5 years, putting it at an estimated $17 billion by 2025. – Benzinga

  • LSEG assigns crypto bar code.
  • Coinbase considers public offer.
  • Railsbank expands into the US.
  • One7 acquires fintech Rapidoo.
  • Upgrade garners $1B valuation.
  • Lightspeed backs market maker.
  • Sberbank intros payment tech.
  • Ping An and JPM finance Taulia.
  • FXCM strengthens trade tech.
  • CFTC schedules a fintech event.
  • Ant plans a huge Hong Kong IPO.
  • SoFi applies for US bank charter.
  • Cloud9, SteelEye tackle trading.

Benzinga Global Fintech Awards Spotlight:

Every year Benzinga, a leading news and data platform, holds the Global Fintech Awards, a day of dealmaking, networking, and recognition in the financial technology space.

Ahead

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5 Stocks in Focus as Digital Payments Become the New Normal

The coronavirus outbreak could be a game-changer for digital financial services. Low-income households and small firms can benefit at large from advances in mobile money, fintech services, and online banking. Inclusion of digital financial services is expected to boost economic growth.

Technology continues to be the single-most important factor revolutionizing the payments industry. Many countries such as Liberia, Ghana, Kenya, Kuwait, Myanmar, Paraguay and Portugal are supporting this shift with measures such as lowering fee and increasing limits on mobile money transactions.

Although data security and privacy concerns and additional charges on making digital payment have limited the demand for digital payment solutions, the pandemic has become a key catalyst.

Moreover, digital financial services are enabling governments to provide quick and secure financial support to remotely located people and businesses as demonstrated in Namibia, Peru, Zambia, and Uganda amid lockdown. This will help mitigate the economic fallout and potentially strengthen

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