In recent years, leading economists, investors, and journalists have painted a decidedly grim vision of our near future: The U.S. economic system and society itself are coming apart, these dystopian voices have said, beset by one of the darkest chapters in the country’s history, including a pandemic, a jobs apocalypse, and now a deadly attack on Congress.
Yet, in one of the most whiplash-inducing spiritual flip-flops in memory, the new zeitgeist for the next decade is shimmering positivism. The Economist is tantalized by hints of “a new period of economic dynamism,” and the Financial Times of “a once-in-a-century boom.” The…
In 2020, “business as usual” didn’t exist. As companies made momentous moves to keep up with the disruption of a global pandemic, racial and economic disparities became clearer than ever. Some, like Amazon and SPACs, won big, while others, including more than 100,000 restaurants, closed permanently.
Each day, Marker highlights one number that captures a change in the economy. Of those daily numbers, here are the 10 that best encapsulate the year.
This year, I read fewer business books than I usually do. You probably did, too. The category’s sales are down 20% since March, according to NPD’s Bookscan.
It’s not hard to understand why. A lot happened this year to distract us from our usual routines: a pandemic, a recession, an election.
Faced with these upheavals, it might not have seemed like books, particularly business books, would have much advice on how to navigate a world that, on many fronts, was hard to recognize. Many of the books published this year were written before Covid-19.
And yet, this was also a…
This is the year that’s felt like a decade. Maybe that’s because 2020 so often seemed like a never-ending series of tests: for individuals, for businesses, for society. You can tell the story of a year in the culture through a list of books or songs or prestige TV shows. But my tradition is to tell it through objects — commercial stuff, material things, designed goods, products and artifacts large and small.
What follows is not a set of endorsements: Some of these objects are troubling, a few are ridiculous, many are ambiguous (though some, to be sure, are delightful)…
$64 billion: That’s how much initial public offerings listed on U.S. exchanges have raised in 2020, according to Dealogic, a market analytics firm. This surprisingly high figure has likely influenced favorite will-it-or-won’t-it-go-public unicorn, Airbnb. Reports say the home-share platform will file to IPO this month. At the start of 2020, Airbnb was perhaps the most-scrutinized candidate for a public offering, but it was one of many. When a wave of lockdowns shuttered the economy in March, that market froze in place — but, surprisingly, not for long.
As the stock exchanges have recovered, the IPO market has been on fire…
Demand forecasting — predicting what products or services customers want, how much, and when — is one of the most important disciplines in running a business, dictating decisions on staffing levels, inventory, pricing, supply chain management, and more.
As tricky as demand forecasting can be even in the best of times, Covid-19 has blown it to pieces, jumbling normal data patterns and leaving companies uncertain on how to anticipate consumer demand for their products and services.
After a delayed start, the IPO market is heating up again as companies look to resume going public. This recent spate of IPOs — Agora, Vroom, ZoomInfo, and Lemonade — has resurfaced the familiar occurrence of the “IPO pop,” where companies’ initial share prices see large increases relative to their original IPO price on the first day of trading. The recent class of 2020 IPOs has seen its stock price go up, sometimes by multiples, in the first few days of trading.
This pop is often billed as a positive trend and a marker of a successful public debut because…
Pop business for the intelligent reader. A publication from Medium.