Podcast: A 25% Increase in Gas Futures and Two Other Numbers You Need to Know
Numbers By Barron’s is a two-minute financial podcast with three vital numbers to start your morning. Available on iTunes, Stitcher, and wherever you get your podcasts-as well as on your Amazon Alexa smart speaker
Three numbers to start your day:
-a unit of L Brands. Now she’s leaving, in what appears to be a case of falling off the so-called glass cliff.
That’s the term researchers use to describe the tendency of women finding it easier to break through the glass ceiling at businesses during crises.
Singer was given the difficult task of turning around Victoria’s Secret, which has been struggling to stay trendy. CBS last year had better ratings with a rerun of Rudolph the Red-Nosed Reindeer than it did with the company’s annual fashion show.
Some of the decline came after the company issued guidance for December-quarter sales that was lower than Wall Street expected.
But on Wednesday, an analyst from Evercore ISI expressed renewed optimism for the company’s growing cloud computing unit called Amazon Web Services. He raised his forecast for the unit’s operating income in 2022 and took his price target on the stock up a notch to $1990.
Based on that target and yesterday’s closing price, the cloud looks more half-full than empty.
It was the largest single-day percentage gain since 2004.
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