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The RealReal Slips As Higher Costs, Legal Expenses Widen Loss By Investing.com

By Dhirendra Tripathi Investing.com – TheRealReal (NASDAQ:REAL) stock plunged more than 9% in Tuesday’s premarket trade as higher costs including those on marketing as well as legal expenses pulled the company’s June-quarter bottomline further into the red from last year. Total revenue rose 83% from the year-ago June quarter to $104.91 million but that was overshadowed by a 78% increase in costs of revenue and a 63% jump in operating expenses including legal costs. The company also substantially invested in operations and technology. At $11 million, costs for a legal settlement were 10.5% of the total...

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Google restricts ad targeting of under-18s By Reuters

By Elizabeth Culliford (Reuters) - Alphabet (NASDAQ:GOOGL) Inc's Google is blocking ad targeting based on the age, gender or interests of people under 18, the company said on Tuesday. It also said it would turn off its "location history" feature, which tracks location data, for users under 18 globally. It will further expand the types of age-sensitive ad categories that are blocked for users up to 18 and will turn on safe searching filters for users up to that age. Google is introducing a new policy for all under-18s and their parents or guardians to request...

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“DeFi” crime hits record high in first 7 months of 2021 -CipherTrace By Reuters

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) - Losses from theft, hacks, and fraud in "decentralized finance" or DeFi, a thriving segment in the cryptocurrency sector, hit an all-time high in the first seven months of the year, a report from crypto intelligence company CipherTrace showed on Tuesday. But losses from crime in the overall cryptocurrency market dropped sharply to $681 million at the end of July, compared to $1.9 billion for the whole of 2020 and $4.5 billion in 2019. The drop in crypto crime overall reflected the industry's growing maturity and much-improved security infrastructure,...

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Support measures push Japanese corporate bankruptcies to 50-year low By Reuters

TOKYO (Reuters) - The number of corporate bankruptcies in Japan fell at the fastest rate this year to hit the lowest in 50 years for a July, thanks to funding support from the government and banks, a private-sector credit research firm said on Tuesday. There were 476 company bankruptcies in July, down 40% from the same month a year ago, Tokyo Shoko Research showed, pointing to government help for corporate financing amid a resurgence of the COVID-19 pandemic. That was less than the previous July low of 482 in 1990, during the peak of Japan's asset...

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U.S. Inflation to Stay Hot in July as Sellers Flex Pricing Power By Bloomberg

(Bloomberg) -- U.S. consumer prices probably jumped again in July, with little sign that households -- buoyed by pandemic savings -- are balking at paying more for goods and services. Economists expect data due out on Wednesday to show a 0.5% increase in the consumer price index. While that would be a slowdown from the previous month, it would leave the headline rate of annual inflation at 5.3% -- close to the 13-year high reached in June. How long inflation will stick around has become a key question about the U.S. recovery, central to discussion of...

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Tapering Debate, Climate Change, Bitcoin – What’s Moving Markets By Investing.com

By Peter Nurse Investing.com -- The Federal Reserve tapering debate intensifies, while the corporate earnings season continues. Companies look to address the climate change issue, while bitcoin and crude prices push higher. Here's what you need to know in financial markets on Tuesday, 10th August. 1. Tapering debate intensifies  The market won’t be able to accuse the Federal Reserve of a lack of communication if the central bank does start reining in its extraordinary monetary stimulus later this year. Atlanta Fed President Raphael Bostic on Monday joined a growing chorus of policymakers saying the central bank...

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Holiday Inn owner IHG swings to profit, nixes dividend to pare costs By Reuters

(Reuters) -Holiday Inn owner IHG Plc swung to a profit in the first half, buoyed by a jump in summer bookings from people vacationing following months of being cooped up at home, but the hotel operator scrapped its dividend to cut costs. The company on Tuesday said operating profit for the six months ended June 30 stood at $138 million, compared to a loss of $233 million last year, while revenue per available room (RevPAR), a key performance indicator, was up 20%. COVID-19 vaccines and easing restrictions have helped the hospitality industry, but the...

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UK’s Marlowe walks away after Restore rebuffs $1 billion takeover bid By Reuters

(Reuters) - British business software provider Marlowe Plc on Tuesday dropped its pursuit of Restore Plc, weeks after the office services provider rejected its 743-million-pound ($1 billion) takeover bid. Marlowe said that while it still thought a combination would have been "strategically compelling", it would not make a new offer as it was not able to arrive at financial terms for the deal suitable to its shareholders. "We were delighted to have received such strong support from our shareholders through this process," Restore Non-Executive Chairman Martin Towers said in a separate statement. "(We) are committed to...

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UK market update – Flutter flies as users jump By Investing.com

By Samuel Indyk Investing.com – At 08:20BST, the FTSE 100 is trading higher by 0.2% at 7143.05. The midcap FTSE 250 is trading higher by 0.3% at 23,526.29. In FX markets, GBP/USD is trading at 1.3850, EUR/GBP is trading at 0.8473. The US Dollar Index is flat. Today’s calendar highlights include the German ZEW survey and a speech from the Federal Reserve’s Charles Evans. Stocks InterContinental Hotels (LON:IHG) - Significant improvement in demand in H1. Total gross revenue down 42% on 2019 level. 2021 interim dividend will not be paid. Confident in strength of IHG’s future...

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Virtually forever? Switch to online AGMs gains pace despite concerns By Reuters

By Elizabeth Howcroft and Simon Jessop LONDON (Reuters) - A mass corporate switch in Europe to holding virtual annual shareholder meetings or AGMs has picked up pace this year, raising concern among investors that some companies will try to ditch the physical version permanently. The pandemic prompted an overhaul of the way companies meet investors, with those in Britain relying on emergency laws to allow them to hold online AGMs in the 2020 season. But in the second year of the pandemic, there are concerns that permanently virtual meetings could limit investors' ability to hold...

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