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...Adagio, a French ad-tech provider, is ranked second with a CAGR of 582.6 per cent, followed by Bidberry, an Italian digital ad agency with 424.4 per cent growth....
...The pick-up in mergers and acquisitions could usher in Wall Street’s long-awaited recovery for investment banking....
...She said the state-backed station had expected a hard time in 2023, but a predicted recovery in the second half of the year had not materialised....
...But price pressures are still bubbling, with inflation in the labour-intensive service sector still too high for rate-setters’ comfort....
...However, it is also contributing to services inflation....
...“The free ad-supported model is the mainstream, and every streamer is losing money.”...
...The highlight of today’s batch of PMI readings however was China, where slower than expected services activity reinforced concerns around the strength of the country’s recovery, dragging down stocks in Asia...
...Search ads are its real moneymaker, at around 60 per cent of revenues. A forced change to how Google offers display ad services (say, a divestiture) could sting, but not that badly....
...The Paris Club thus ended up accepting a deal that seeks to extract additional debt service from Zambia if the country’s recovery exceeds expectations — a behaviour more commonly seen with private creditors...
...One bond, which had been close to par at the start of the year when optimism over China’s recovery from the coronavirus pandemic was high, has sunk to about 27 cents and matures next month....
...Both companies pointed to the lacklustre recovery in China as a source of weakness. Cardboard and paper makers have joined the slump as demand for packaging falls....
...Despite the broad recovery in AT1s, some are warning of a two-tier market in which Swiss debt continues to be seen as highly risky given its regulator’s impromptu decision-making....
...That over-reliance on ad revenue?...
...Early research put ambitious multiples on its nascent video service (aka, Vine) and on MoPub, a mobile ads exchange Twitter bought shortly before IPO. (It was recently sold.)...
...Like Disney, Netflix has also announced plans for an ad-supported service in hopes of luring more cost-conscious consumers....
...The company said that while it had “demonstrated exemplary resilience in the second quarter” during the most severe lockdowns, the measures ad eased in June and its sales recovery “remains gradual and uneven...
...The first being prioritising a strong labour market recovery, which we’ve seen from this crisis....
...There was even a Super Bowl ad. “A lot of the other collapses were still in a very technical box....
...And we had a little bit of recovery since then. It could also mean that, you know, investors are sort of two or three steps ahead, right....
...Big tech’s earnings pointed to a sharp cyclical slowdown in digital ad spending....
...Yet despite the wall of silence, I’d be remiss not to mention the scene at Nassau’s airport, which was still inexplicably running ads for FTX when I arrived....
...Morgan Stanley sees opportunities for bargains, while Goldman Sachs has doubts about a possible recovery....
...Since the beginning of October, Maga Inc, a newly created Trump super Pac, has spent $8.5mn on ads in Ohio, Pennsylvania, Georgia, Nevada and Arizona....
...He added in Latin “per aspera ad astra,” or ‘through hardship to the stars.”...
...Rising living costs are kicking the stuffing out of ad sales at Meta, Alphabet, Snap and Twitter. Drinks companies such as Diageo will struggle to sell expensive hooch....
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