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Thursday, December 3, 2020
Roman Pedan, Kasa Founder and CEO KasaThe pandemic has caused major shakeouts in the short-term rental industry. Major operators Lyric and Stay Alfred closed their doors, while Domio responded to a report that it was closing by reshuffling its business; most operators shed units.  In this atmosphere, Kasa Living raised a $30 million round in August of this year. Founder and CEO Roman Pedan told Business Insider that units under management have increased by 50% since the start of the pandemic and the company has actually grown, overall. Pedan shared the company's pitchdeck with Business Insider and explained how it helped him grow while his sector shrank.  Visit Business Insider's homepage for more stories. Short-term rental startup Kasa Living announced a $30 million Series B fundraise in October of this year, just as other companies in the sector were seeing severe distress.  The coronavirus has hit the short-term rental industry hard, as companies had to deal with a slew of cancellations in the early days of the pandemic, followed by widespread changes in travel patterns, causing some companies to reevaluate and adjust their business plans.  A month after Kasa's fundraise was announced, competitor Domio admitted that it was planning
(RTTNews) - Wednesday's market might be influenced by economic announcements such as payroll processor ADP's report on private-sector employment and Fed speeches. Asian shares were mostly down and the European shares are trading lower. Initial signs from the U.S. Futures Index suggest that Wall Street might open lower. As of 7.45 am ET, the Dow futures were sliding 170.00 points, the S&P 500 futures were down 15.00 points and the Nasdaq 100 futures were sliding 46.75 points. The U.S. major averages finished Tuesday's session off their best levels of the day but still firmly positive. The Dow climbed 185.28 points or 0.6 percent to 29,823.92, the Nasdaq surged up 156.37 points or 1.3 percent to 12,355.11 and the S&P 500 jumped 40.82 points or 1.1 percent at 3,662.45. On the economic front, Automatic Data Processing or ADP's Employment Report for November will be issued at 8.15 am ET. The consensus is for 420,000, while it was 365,000 in the prior month. The Energy Information Administration or EIA's Petroleum Status Report will be published at 10.30 am ET. In the prior week, the Crude Oil Inventories were down 0.8 million barrels and Gasoline Inventories were up 2.2 million barrels. The Beige
ZK382 Royal Air Force Eurofighter Typhoon T3 takes off on a training exercise RAF Coningsby Jon Hobley/MI News/NurPhoto via Getty ImagesThe defense sector has been one of the worst hit by the pandemic this year, not least because of huge cuts to government spending.  At the end of October, the sector's average price-to-earnings ratio hit a 20-year relative low against the European market, according to JPMorgan. But when Britain's Conservative Prime Minister Boris Johnson announced the biggest defense investment since the end of the Cold War last month, sentiment on the sector started to turn. Johnson has promised an extra £16.5 billion ($22 billion)  in addition to the annual budget, which is almost £41.5 billion ($55.4 billion) for this financial year. The announcement of the UK's increased spending, combined with the outlook for Europe and the US, has fed into JPMorgan analysts' positive view on the defense and aerospace sector. As part of JPMorgan's Europe and Global equity outlook released on November 30, equity analyst David Perry provides insight into the sector exploring the current state, the outlook for 2021 and a few key stock picks. The UK, eurozone and the US play a key role in the sector's
YouTube/University of OxfordGoldman Sachs has predicted when coronavirus vaccines will be rolled out as several candidates approach regulatory approval in advanced economies. More than 70% of people in developed economies can expect to be immunized by fall 2021, economists Daan Struyven and Sid Bhushan said. The UK will vaccinate half of its population by March, with the US and Canada doing the same by April. The EU, Japan, and Australia can expect to reach the same level of immunization by May. Visit Business Insider's homepage for more stories. Goldman Sachs has laid out a timeline for when coronavirus vaccines will be rolled out in advanced economies.  The bank's predicted timing is based on a combination of supply estimates — from vaccine developers Pfizer-BioNTech, Moderna, AstraZeneca-Oxford, Novavax, and Johnson & Johnson — and demand (using consumer surveys). More than 70% of people in developed markets may have received a vaccine shot by the second quarter of 2021, according to Goldman's timeline. On Monday, the UK became the first country to approve Pfizer and BioNTech's vaccine shot, marking a major relief for economies and travel-dependent sectors around the world. Economists Daan Struyven and Sid Bhushan said they expect the first available doses
05:31 AM Walt Disney Buy Citigroup Corp. 05:20 AM Shopif a Neutral Susquehanna Financial Group, LLLP 05:18 AM Siemens Buy Craig-Hallum Capital 05:16 AM Slack Equal Weight Stephens Inc. 05:12 AM Simon Property Group Hold Argus Research Company 05:06 AM Apple Hospitality REIT Neutral Riley Capital Research 05:04 AM Chatham Lodging Trust Neutral Riley Capital Research 05:03 AM Hospitality Properties Trust Registered Neutral Riley Capital Research 05:01 AM Xenia Hotels & Resorts Neutral Riley Capital Research 05:00 AM Slack Neutral Credit Suisse 04:55 AM Bank of Montreal Neutral Credit Suisse 04:54 AM Welltower Hold Berenberg 04:53 AM Thermo Fisher Scientific Neutral Credit Suisse 04:50 AM Salesforce Neutral Citigroup Corp. 04:15 AM AdaptHealth a Buy Capital Depesche 04:12 AM NetApp Neutral Goldman Sachs 04:05 AM Interactive Brokers Group Buy Compass Point 04:03 AM NetApp Buy Loop Capital 04:01 AM CareTrust REIT Buy Berenberg 03:51 AM Texas Roadhouse Strong Buy Raymond James Financial, Inc. 03:50 AM Ruths Hospitality Group Strong Buy Raymond
05:31 AM Walt Disney Buy Citigroup Corp. 05:20 AM Shopif a Neutral Susquehanna Financial Group, LLLP 05:18 AM Siemens Buy Craig-Hallum Capital 05:16 AM Slack Equal Weight Stephens Inc. 05:12 AM Simon Property Group Hold Argus Research Company 05:06 AM Apple Hospitality REIT Neutral Riley Capital Research 05:04 AM Chatham Lodging Trust Neutral Riley Capital Research 05:03 AM Hospitality Properties Trust Registered Neutral Riley Capital Research 05:01 AM Xenia Hotels & Resorts Neutral Riley Capital Research 05:00 AM Slack Neutral Credit Suisse 04:55 AM Bank of Montreal Neutral Credit Suisse 04:54 AM Welltower Hold Berenberg 04:53 AM Thermo Fisher Scientific Neutral Credit Suisse 04:50 AM Salesforce Neutral Citigroup Corp. 04:15 AM AdaptHealth a Buy Capital Depesche 04:12 AM NetApp Neutral Goldman Sachs 04:05 AM Interactive Brokers Group Buy Compass Point 04:03 AM NetApp Buy Loop Capital 04:01 AM CareTrust REIT Buy Berenberg 03:51 AM Texas Roadhouse Strong Buy Raymond James Financial, Inc. 03:50 AM Ruths Hospitality Group Strong Buy Raymond
TEMSA delivers its first electric bus, the MD9 electriCITY to Sweden, drawing considerable interest from around the world. Developed by TEMSA's engineers and manufactured in the company's Adana plant, the 6 MD9 electriCITY buses will be operated in Öckerö Island and surrounding areas, as part of the island's aim to zero their carbon footprint by 2030. ADANA, Turkey, Dec. 2, 2020 /PRNewswire/ -- TEMSA Transportation Vehicles, a Sabancı Holding and PPF Group company, exported its first electric bus, the MD9 electriCITY. Manufactured in the company's Adana plant, 6 MD9 electriCITY buses are shipped to Sweden, a leading country in the field of electric vehicles worldwide.     The 6 MD9 electriCITY buses are expected to arrive in Öckerö region near Göteburg in the upcoming days and hit the roads soon. Sold to Connect Bus, one of the most prestigious local operators of the region with a total fleet of 1,000-vehicle, these buses will be operated for the public transportation services in the Öckerö Municipality. A MILESTONE FOR THE TURKISH INDUSTRY Industry SBU President of Sabancı Holding and Chairman of the Board of Directors of TEMSA, Mr. Cevdet Alemdar, who announced the commencement of new processes within TEMSA after a recently completed