Fiscal policy

Scienjoy Holding Corporation Reports Fiscal Year 2020 Unaudited Financial Results, Unaudited Quarterly Revenues Exceeded Guidance Forecasts for Third and Fourth Quarters, and Unaudited Annual Revenues Increased by 33.6% Year Over Year

Retrieved on: 
Monday, May 3, 2021

Moreover, our net revenues exceeded our previously stated guidance forecasts in both the third and fourth quarters of 2020, further displaying the resiliency of our business and our steady growth trajectory.

Key Points: 
  • Moreover, our net revenues exceeded our previously stated guidance forecasts in both the third and fourth quarters of 2020, further displaying the resiliency of our business and our steady growth trajectory.
  • "\nTotal net revenuesin fiscal year 2020 increased by 33.6% to RMB1,222.2 million (US$187.3 million) from RMB914.6 million in fiscal year 2019.
  • The number of paying users in fiscal year 2020 was 904,568,increasing by 30% from 697,475 in fiscal year 2019.
  • Gross margin in fiscal year 2020, fiscal year 2019, and fiscal year 2018 was 21.5%, 21.2%, and 20.0%, respectively.

DAVIDsTEA Reports Fourth Quarter and Full Year Fiscal 2020 Financial Results

Retrieved on: 
Friday, April 30, 2021

Sales decreased 45.3% to $40.2 million from $73.5 million in the fourth quarter of Fiscal 2019.

Key Points: 
  • Sales decreased 45.3% to $40.2 million from $73.5 million in the fourth quarter of Fiscal 2019.
  • At the end of the fourth quarter of Fiscal 2020, the Company had cash amounting to $30.2 million.
  • Sales for Fiscal 2020 decreased by 38.1%, or by $74.8 million, to $121.7 million from $196.5 million in Fiscal 2019.
  • Loss from operating activities in Fiscal 2020 was $53.1 million as compared to a loss of $26.7 million in Fiscal 2019.

Michael Palser Publishes Innovative Economic Tool Designed to Generate Billions in Financial Assistance From Spare Change: 'The American Stimulus Program: Empowering Citizens to Create Economic Stimulus Every Week'

Retrieved on: 
Thursday, April 29, 2021

"The American Stimulus Program" (ASP) proposes the voluntarily pooling of disposable income from the American public before redistributing those funds through fair, nonpartisan weekly national drawings organized state by state.

Key Points: 
  • "The American Stimulus Program" (ASP) proposes the voluntarily pooling of disposable income from the American public before redistributing those funds through fair, nonpartisan weekly national drawings organized state by state.
  • "The Federal stimulus packages have also been scattershot and not directed with any true accuracy to the people who actually need it.
  • This major economic tool stimulates our economy\'s most vital component: consumer spending, in an unbiased, nonpartisan way that is wholly unique across the globe.
  • The ASP should inspire legislators to construct a national online infrastructure to help support citizens and our economy.\n'

Minister Maryam Monsef highlights investments in youth in Budget 2021

Retrieved on: 
Thursday, April 29, 2021

For businesses, it has been a two-speed recession, with some finding ways to prosper and grow, but many businessesespecially small businessesfighting to survive.

Key Points: 
  • For businesses, it has been a two-speed recession, with some finding ways to prosper and grow, but many businessesespecially small businessesfighting to survive.
  • This represents one of the largest youth support packages from around the world.
  • "\nBudget 2021 includes $101.4 billion over three years in proposed investments as part of the Government of Canada\'s growth plan that will create good jobs and support a resilient and inclusive recovery.
  • The budget proposes new investments totaling up to $30 billion over the next five years.

Consumers Anticipate Normal Spending as Economic Outlook Brightens

Retrieved on: 
Monday, April 26, 2021

b"TEMPE, Ariz., April 26, 2021 /PRNewswire/ --The state and national economic outlook has brightened as federal stimulus programs are expected to boost output and employment in the months ahead, according to Arizona State University economists.

Key Points: 
  • b"TEMPE, Ariz., April 26, 2021 /PRNewswire/ --The state and national economic outlook has brightened as federal stimulus programs are expected to boost output and employment in the months ahead, according to Arizona State University economists.
  • With the economy rebounding and consumers looking forward to resuming more normal spending patterns, the annual Economic Outlook is an important event to attend.
  • The school is internationally regarded for its research productivity and its distinguished faculty members, including a Nobel Prize winner.
  • Students come from more than 100 countries and W.P.Carey is represented by alumni in over 160 countries.

What Americans Think Of The Recovering Economy

Retrieved on: 
Wednesday, April 21, 2021

A U.S. Labor Department report on April 15 showed that unemployment lines were improving with 200,000 less U.S. workers filing for initial unemployment benefits.

Key Points: 
  • A U.S. Labor Department report on April 15 showed that unemployment lines were improving with 200,000 less U.S. workers filing for initial unemployment benefits.
  • A Federal Reserve report on April 15 revealed that industrial production, a key performance indicator of the American economy, increased 1.4% last month as measured by factory and utility output.\nIS THE RECOVERING ECONOMY DUE TO THE FEDERAL GOVERNMENT\'S COVID-19 STIMULUS AID PACKAGE?\nAmericans were asked if they believe the federal government\'s COVID-19 stimulus aid package will boost economic growth.
  • Americans who had the highest response rate of saving it were aged 18 to 29 (29%).
  • Respondents for this survey were selected from over 2.5 million people who take surveys on the SurveyMonkey platform each day.

Snag bags top trust rating

Retrieved on: 
Wednesday, April 21, 2021

We make comfortable, affordable tights to fit all body types from size 4 to 36.

Key Points: 
  • We make comfortable, affordable tights to fit all body types from size 4 to 36.
  • Snag responded with the launch of an \'SOS\' voucher scheme, which generated 1.25 million in sales from 10,000 customers in 5 days.\n"We saw that as a ringing endorsement of our brand," Brie explains.
  • "The fact that so many people rushed to support us when times were tough says a lot about our relationship with our customers, and the trust that they have in us.
  • It is so important to us that we keep their trust as we grow.

2021 Strategy Dossier on the World's 7 Leading Construction Equipment Manufacturers - Caterpillar, Komatsu, Volvo, CNH, John Deere, Hitachi and Kobelco - ResearchAndMarkets.com

Retrieved on: 
Tuesday, April 13, 2021

b'The "Annual Strategy Dossier - 2021 - World\'s 7 Leading Construction Equipment Manufacturers - Caterpillar, Komatsu, Volvo, CNH, John Deere, Hitachi, Kobelco" report has been added to ResearchAndMarkets.com\'s offering.\nGlobal Construction Equipment Sales Fare Better than Expected in 2020 with Market Resistance led by China, Strong Demand likely in 2021 led by Fiscal Stimulus Measures & Global Economic Recovery - Proposed $2 Trillion U.S. Infrastructure Plan and Technological Evolution by Industry to Spearhead Demand Growth over Medium Term\nThe 2021 edition of the report analyses the overall strategy focus and provides Insights into & Comprehensive analysis of the Strategies & Plans being conceptualized & pursued by the World\'s 7 Leading Construction Equipment manufacturers for the near to medium term horizon.

Key Points: 
  • b'The "Annual Strategy Dossier - 2021 - World\'s 7 Leading Construction Equipment Manufacturers - Caterpillar, Komatsu, Volvo, CNH, John Deere, Hitachi, Kobelco" report has been added to ResearchAndMarkets.com\'s offering.\nGlobal Construction Equipment Sales Fare Better than Expected in 2020 with Market Resistance led by China, Strong Demand likely in 2021 led by Fiscal Stimulus Measures & Global Economic Recovery - Proposed $2 Trillion U.S. Infrastructure Plan and Technological Evolution by Industry to Spearhead Demand Growth over Medium Term\nThe 2021 edition of the report analyses the overall strategy focus and provides Insights into & Comprehensive analysis of the Strategies & Plans being conceptualized & pursued by the World\'s 7 Leading Construction Equipment manufacturers for the near to medium term horizon.
  • The Global Construction Equipment market witnessed a relatively limited impact from the outbreak of COVID-19 in 2020 albeit expectations of an impending market correction with the market resistance led clearly by the Chinese Construction Equipment market which clearly defied the contractionary trend witnessed globally by registering strong, double digit year on year gain in unit sales for 2020 spurred by the roll-out of stimulus measures by the Chinese government aimed at bolstering economy after an early recovery & resurgence from the lockdown in April 2020 itself.\nThe global demand for construction equipment is projected to register a steady recovery & growth over near to medium term with most key global economies likely to witness an uptick in demand following similar fiscal interventions likely to be pursued & sustained by governments across most regions going forward coupled with strong global economic recovery projections by the IMF for 2021 & 2022, led by the U.S., which is projected to exceed its pre-COVID economic growth momentum & clock 6.4% GDP growth for 2021.\nFurther, the massive, $2 trillion infrastructure plan just outlined by the Biden administration in early April 2021 geared towards comprehensive repair & rebuilding of roads, railroads, bridges & ports in the U.S. could turn out to be the much needed shot in the arm for the construction industry going forward and could take the market towards & even beyond the peak of 2018, and seen prior to that in 2011, once again, with an outlay of $115 billion planned towards repair of highways & bridges alone, if it gets approved by the Congress.
  • However, much of that will be contingent on the pace & trajectory of global macroeconomic recovery from the COVID-19 going forward, direction of U.S. policy posture towards global trade under Biden administration, sustainment of recovery in global crude oil as well as commodity prices, all of which will have a direct & significant bearing on the shape of the growth curve for the industry going forward.\n'

FAU Poll Shows Hispanic Consumer Confidence Soars

Retrieved on: 
Thursday, April 8, 2021

"This optimism is a product of the benefits received by families hit hard by the pandemic," said Monica Escaleras , Ph.D, director of FAU BEPI.

Key Points: 
  • "This optimism is a product of the benefits received by families hit hard by the pandemic," said Monica Escaleras , Ph.D, director of FAU BEPI.
  • "The extended unemployment benefits, $1,400 direct payments, emergency rental assistance and health care subsidies, among other benefits, have provided support to families in need."
  • Consumers showed a significant increase in optimism in four out of the five questions used to generate the index.
  • The poll is based on a sampling of 542 U.S. Hispanics, 18 years of age and older, from Jan. 1 to March 31.

One Year Later, Economy ‘Has Come a Long Way’

Retrieved on: 
Thursday, April 1, 2021

The economy has come a long way compared with a year ago, Kleinhenz said.

Key Points: 
  • The economy has come a long way compared with a year ago, Kleinhenz said.
  • Both monetary policy set by the Federal Reserve and fiscal policy set by Congress and the White House have responded with swift and overwhelming force to support the economy.
  • NRF is optimistic that the recovery is accelerating and the needed rebuilding of the economy is underway.
  • The rate of vaccinations is ramping up, and the numbers paint an increasingly encouraging picture.