China’s retail sales rise for the first time in 2020

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People shop at a mall in Beijing on August 14, 2020.

Nicolas Asfouri | AFP | Getty Images

BEIJING — Chinese consumers stepped up their spending in August, in a sign of further economic recovery from the shock of the coronavirus pandemic.

Retail sales rose 0.5% in August from a year ago, the first positive report for the year so far, China’s National Bureau of Statistics said Tuesday. Notably, sales of communication equipment rose 25.1% from a year ago and that of autos rose 11.8%.

Retail sales for the first eight months of the year were down 8.6% from a year ago, the bureau said. Online retail sales of physical goods grew by 15.8% during that time, the data showed.

The unemployment rate as measured by the official survey of cities was 5.6%, 0.1 percentage points lower than July, the bureau said.

However, pressure on employment remains relatively high, Fu

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American International Group, Inc. (AIG) Management Presents at Barclays Global Financial Services Conference (Transcript)

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American International Group, Inc. (NYSE:AIG) Barclays Global Financial Services Conference September 14, 2020 10:30 AM ET

Company Participants

Peter Zaffino – President & Global Chief Operating Officer

Mark Lyons – Chief Financial Officer

Conference Call Participants

Tracy Benguigui – Barclays

Tracy Benguigui

Good morning. I’m Tracy Benguigui. I joined Barclays recently as the new insurance analyst. I am pleased to chat this morning with Peter Zaffino, President and Global Chief Operating Officer; and Mark Lyons, CFO of AIG. Peter and Mark, thank you for being here with us.

Just some housekeeping items before we kick off. There’s a live polling question list on the left side of your screen. And if asked for user name, just please use Barclays and look for the next button when you move through the polling question. We can see the results in real time. And on the left side of the screen, there’s also

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Carnival is selling 18 cruise ships amid the covid-19 pandemic

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In the market for an abandoned cruise ship? Carnival Corp. — the parent company of nine cruise brands, including Princess, Costa, and Carnival — announced in a third-quarter earnings filing that it plans to sell 18 cruise ships in 2020, which amounts to 17 percent of the company’s ships.

The move comes amid a halt in cruises since March, when the lines stopped sailing the day before a no-sail order went into effect in the United States.

Carnival Corp. has already sold eight older-model cruise ships. It has not disclosed the cruise lines the ships are from or to whom they are being sold. The company will also delay delivery of new ships scheduled for 2021 as a cost-saving measure.

“We are in the process of removing 18 ships from our global fleet with several ships already

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Cavai discusses how brands can continue to innovate their advertising

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The most digitally-advanced brands have performed well this year, despite the challenges facing all of us, writes Karol Smith, Global Head of Advertiser Experience from Cavai. But most brands will need to leverage innovative advertising formats in order to stay ahead

We all know by now that there have been silver linings for some lucky brands this year. Amazon’s net sales leapt by 40 per cent year-on-year to $88.9bn in the second quarter of 2020, while Apple also experienced a positive uplift, with CEO Tim Cook putting the company’s performance down to the brand’s ‘relentless innovation’.

Maybe your enterprise has been equally well positioned and has found booming growth in a time of widespread hardship. But for most, marketing budgets have taken a hit, and for a while at least, advertising will have to work harder than ever if it is to drive revenue.

In the quest to improve the

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New Black cultural centre at heart of fundraising campaign by Ottawa artist

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OTTAWA - SEPT. 16, 2020 - Afro-Canadian poet/rapper Wise Atangana in front of the

© Provided by Ottawa Citizen
OTTAWA – SEPT. 16, 2020 – Afro-Canadian poet/rapper Wise Atangana in front of the

The death of George Floyd, an unarmed Black man, at the hands of a police officer in Minneapolis prompted an outpouring of creativity from Ottawa-area slam poet-musician Wise Atangana as part of a quest to understand the roots of systemic racism.


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“When he died in front of everybody, that was a big push,” said the 34-year-old Cameroon-born artist. “It made me very interested in understanding systemic racism: What is the cause? What are the consequences? What’s the solution?” 

He started to research the issue, and the words began to flow into poems and then songs. He worked incessantly, staying up long past his children’s bedtime. In a month, he wrote and recorded demos of 30 songs, more than enough for an album. 

After whittling it down to 12 tracks

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European new car sales fall by 17.6% year-on-year in August: ACEA

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FILE PHOTO: Cars travelling from Germany to Switzerland line up in front of a checkpoint after the re-opening of the borders, amid the coronavirus disease (COVID-19) outbreak, in Weil am Rhein, Germany June 15, 2020. REUTERS/Arnd Wiegmann

BERLIN (Reuters) – European car registrations dropped in July and August but not as steeply as in previous months, industry data showed on Thursday, pointing to a slow recovery in Europe’s auto sector that was hit hard by the coronavirus crisis.

In July, new car registrations dropped by 3.7% year-on-year to 1,281,740 vehicles in the European Union, Britain and the European Free Trade Association (EFTA) countries, statistics from the European Automobile Manufacturers’ Association (ACEA) showed.

Sales fell by 17.6% in August to 884,394 vehicles, when all countries in the region, except Cyprus, recorded losses compared to the previous year. Registrations in Germany and France fell sharply while they edged down in Italy, the

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LPL Financial Advisors Ranked Among Top 100 Independent Advisors Nationwide

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CHARLOTTE, N.C., Sept. 15, 2020 (GLOBE NEWSWIRE) — LPL Financial LLC (Nasdaq:LPLA), a leading retail investment advisory firm, independent broker-dealer and registered investment advisor (RIA) custodian, today announced that four of its affiliated advisors have been ranked on the 2020 list of the Top 100 Independent Financial Advisors in America published in Barron’s.

The annual list highlights the nation’s top 100 independent financial advisors based on data including assets under management, revenue generated for the firm and the overall quality of the advisor’s practice. LPL advisors recognized on this year’s list include:

  • Susan Kaplan, Kaplan Financial Services, Newton, Mass.
  • Laila Pence, Pence Wealth Management, Newport Beach, Calif.
  • Andy Schwartz, Bleakley Financial Group, Fairfield, N.J.
  • Charles Zhang, Zhang Financial, Portage, Mass.

View the full list.

“On behalf of LPL, we congratulate Susan, Laila, Andy and Charles for being included among this esteemed industry list,” said Andy Kalbaugh, LPL Financial

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LPL Financial Reports Monthly Activity for August 2020

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SAN DIEGO, Sept. 15, 2020 (GLOBE NEWSWIRE) — Leading retail investment advisory firm and independent broker-dealer LPL Financial LLC, a wholly owned subsidiary of LPL Financial Holdings Inc. (Nasdaq: LPLA), today released its monthly activity report for August 2020.

Total brokerage and advisory assets served at the end of August were approximately $823 billion, an increase of 3.9% compared to the end of July 2020.

Total net new assets for August were an inflow of $3.1 billion, translating to a 4.7% annualized growth rate. This includes total net new advisory assets of $3.1 billion, translating to a 9.4% annualized growth rate.

Total client cash balances at the end of August were $45.1 billion, which were flat compared to the end of July 2020. Net buying in August was $3.6 billion. 

(End of Period $ in billions, unless noted) August July Change August Change
2020 2020 M/M 2019 Y/Y
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Global Social Media Advertising Industry

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Global Social Media Advertising Market to Reach $248. 2 Billion by 2027. Amid the COVID-19 crisis, the global market for Social Media Advertising estimated at US$85. 2 Billion in the year 2020, is projected to reach a revised size of US$248.

New York, Aug. 19, 2020 (GLOBE NEWSWIRE) — announces the release of the report “Global Social Media Advertising Industry” –
2 Billion by 2027, growing at aCAGR of 16.5% over the period 2020-2027. Desktop, one of the segments analyzed in the report, is projected to record 15.2% CAGR and reach US$155 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Mobile segment is readjusted to a revised 18.9% CAGR for the next 7-year period.

The U.S. Market is Estimated at $23 Billion, While China is Forecast to Grow at

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Ivanka Trump Austin Sept. 16

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Representatives have not disclosed details about the event.

AUSTIN, Texas — Ivanka Trump will be in the Austin area for a fundraising event for her father, President Donald Trump, on Wednesday, KVUE has confirmed.

However, representatives remained tight-lipped on the details, saying only that the fundraising event is closed to the press.

According to, an event map for the Trump campaign, a handful of other events are also scheduled Wednesday in the Austin area:

Trump Victory Youth MAGA Meet-Up

TCRP West Travis HQ
6601 Vaught Ranch Road
Austin, Texas

RNC Chair Ronna McDaniel and RNC Co-Chair Tommy Hicks are slated to attend.

Williamson County Trump Victory MAGA Meet-Up

Georgetown Community Center
445 E. Morrow St.
Georgetown, Texas

RNC Chair Ronna McDaniel, RNC Co-Chair Tommy Hicks and Texas GOP Chairman Lt. Col. Allen West are slated to attend.

Williamson County Women for Trump Wednesdays

Williamson County Republican Party HQ

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