A live-streamed radio broadcast featuring right-leaning Brazilian columnist Augusto Nunes and American journalist Glenn Greenwald resulted in a physical dispute on Thursday, BuzzFeed News reports.
LISBON — The public stock market is doing pretty well,on the face of things. The S&P 500 is at record highs, European stocks are surging, and a slew of multibillion-dollar companies have IPO'ed this year, raising billions of dollars in fresh capital. But private markets still seem to be much more alluring.
What we’re seeing: I'm in Lisbon this week, attending the Web Summit for the first time. The clear message being sent: Private markets are more attractive than ever.
The Economist is by a large margin the most valuable magazine on the planet, still going strong in the digital age, with a 50% non-controlling stake changing hands in 2015 for £469 million ($731 million) in cash. (In comparison, Marc and Lynne Benioff spent $190 million for 100% of Time in 2018.)
The intrigue: The Economist's allure is based in liberalism, but it's not easy to understand how that is defined.
Nielsen Holdings, a $7.5 billion company known best for its decades-long position as the leader in television measurement, announced Thursday that it would spin off its retail measurement business, called Nielsen Global Connect, into an independent, public company. Nielsen's Media Connect business, which measures media and advertising consumption, would remain as its own independent, publicly-traded business.
Why it matters: Despite criticism about whether its TV measurement tactics are outdated, Nielsen's media arm has been outperforming its retail counterpart lately, which measures consumer sentiment about goods and retail sales. That division has been negatively impacted by the decline in traditional retail and increased competition. Meanwhile, competitors to Nielsen's media business, like Comscore, have struggled.
Equity investors are making a sustained move to value stocks and more defensive sectors of the market, data from Bank of America Merrill Lynch show
The big picture: Equity analysts say BAML clients are increasingly moving into health care and utilities (which saw nearly record inflows from both institutional managers and hedge funds) as well as large-cap stocks and domestically oriented sectors.
Americans plan to increase their holiday spending, with the average rising to about $675 on gifts this holiday season, according to a survey provided first to Axios by The Conference Board. That is an increase from last year's estimate of $627.
Yes, but: Consumers say they are expecting steep discounts, with more than a third reporting they expect — at a minimum — to buy half of their gifts on sale.
Wednesday's productivity report is the latest sign that historically low U.S. unemployment may be indicating a sick, rather than a healthy economy.
What's happening: As uncertainty has increased over the U.S-China trade war and other geopolitical events, companies that have the capacity to invest in new equipment, technology or factories are holding off and hiring workers to pick up extra slack instead.
U.S. and global dealmaking slowed significantly in the third quarter, with equity and merger and acquisition announcements "plummeting" year over year and quarter over quarter, according to the latest data from S&P Global Market Intelligence.
By the numbers: The global total value raised from equity deals fell 37.1% quarter over quarter and 29.4% year over year to $91.85 billion.
Google and Facebook are both mulling changes to their political ad policies, sources tell Axios.
Driving the news: There’s no indication at this point that either company will stop running political ads. Rather, both are weighing policy changes that have been floated as compromise ideas, like limiting micro-targeting or disclosing more info about the advertiser.
