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Chicago Tribune Business NewsMar 02, 2021
The Zoom boom is ebbing; what's videoconferencing app's post-pandemic future?
Zoom's name has become synonymous with the way millions of people have communicated online during the pandemic, but its subscriber increases have been tapering off.

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MarketWatch MarketPulseMar 02, 2021
Macy's to issue $500 million of 8-year bonds
Macy's Inc. said Tuesday it is planning to issue $500 million of 8-year bonds, joining the many companies raising capital during the pandemic. The proceeds will be used together with cash on hand to fund a tender offer and for general corporate purposes, which may include repaying debt. Companies have been raising capital at record levels in recent months. On Monday, roughly a dozen companies, including beauty and fragrance giant Estée Lauder Cos. and Keurig Dr Pepper Inc. , announced bond deals, as Treasury yields took a breather from their recent sharp rise. Macy's shares were up 0.7% premarket and have gained 18% in the last 12 months, while the S&P 500 has gained 26%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



Wall Street Journal US BusinessMar 02, 2021
Biden's CFPB Nominee to Focus on Borrowers Struggling During the Pandemic
Rohit Chopra, President Biden's pick to head the Consumer Financial Protection Bureau, said he would seek to protect Americans struggling with debt amid the coronavirus pandemic from potential abuses by lenders.

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MarketWatch MarketPulseMar 02, 2021
XPeng, Li Auto stocks fall after February deliveries data, in wake of Nio's mixed results
Shares of XPeng Inc. slumped 4.5% and Li Auto Inc. slid 2.4% in premarket trading Tuesday, after the China-based electric vehicle makers reported overnight February deliveries data. The stock selloffs come after rival Nio Inc. reported late Monday mixed fourth-quarter results, sending the stock down 5.4% ahead of the open. XPeng said it delivered 2,223 EVs in February, and said cumulative January and February deliveries rose 577% from year-ago levels. Li Auto said it delivered 2,300 Li ONE EVs in February, up 755% from a year ago. Both companies said February results were affected by the Chinese New Year holiday, and Li Auto said some COVID-19 outbreaks in northern China also impacted results. XPeng said it is witnessing "robust customer demand" as sales and deliveries resumed after the holiday, while Li Auto said it was confident of its growth momentum given the expansion of its direct sales and servicing network and the control of the pandemic in China. Over the past three months, shares of XPeng have tumbled 36.6% and Li Auto have dropped 25.6% through Monday while Nio shares have gained 3.7% and the S&P 500 has tacked on 6.4%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



Chicago Tribune Business NewsMar 01, 2021
United orders 25 more Boeing 737 Max jets
United Airlines has ordered 25 more Boeing 737 Max planes and accelerated the timeline for delivering previously ordered jets as it prepares for travelers to begin flying again after the pandemic, the company said Monday.
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