IMF raises Center East progress forecast, restoration can be ‘divergent’

The International Monetary Fund has revised its growth forecast for the Middle East and North Africa upwards as countries rebound from the region Coronavirus Crisis that began in 2020.

Real GDP in the MENA region is expected to grow 4% versus the fund in 2021 October forecast of 3.2%.

However, the outlook will vary significantly from country to country depending on factors such as vaccine adoption, exposure to tourism, and policies in place, the IMF said in its latest regional economic report released on Sunday.

Vaccine is an important variable this year, and speeding up vaccination could add almost an additional percent of GDP in 2022.

Jihad Azour

Director of the IMF for the Middle East and Central Asia

Jihad Azour, director of the IMF’s Middle East and Central Asia division, said the recovery was “different between countries and uneven between different segments of the population”.

He told CNBC’s Hadley Gamble that growth will be mainly driven by oil exporting countries, which will benefit from the acceleration in vaccination programs and the relative strength of oil prices.

Vaccines an “important variable”

Azour said each country’s ability to recover in 2021 will be “very different”.

“Vaccine is an important variable this year, and accelerating vaccination could add almost an additional percent of GDP in 2022,” he said.

Some countries in the region – such as the Gulf Cooperation Council states, Kazakhstan and Morocco – started their vaccinations early and should be able to vaccinate a significant portion of their population by the end of 2021, the IMF said.

Other nations, including Afghanistan, Egypt, Iran, Iraq, and Lebanon, have been classified as “slow vaccines” that are likely to vaccinate a large proportion of their residents by mid-2022.

Shoppers in protective masks walk near the Dubai Mall and the Burj Khalifa skyscraper in Dubai, United Arab Emirates on Wednesday, January 27, 2021.

Christopher Pike | Bloomberg | Getty Images

The last group – the “late vaccinators” – are not expected to “achieve full vaccination until 2023 at the earliest,” the report said.

It added that early vaccines are expected to hit 2019 GDP levels in 2022, but countries in the two slower categories will recover to pre-pandemic levels between 2022 and 2023.

looking ahead

Azour said innovative guidelines have helped speed the recovery, but it is “very important to do better”.

This could include measures to improve the economy, attract investment, strengthen regional cooperation and tackle the scars of the Covid crisis.

“All of these elements are silver linings that can help accelerate the recovery and bring the region’s economy to levels of growth that existed before the Covid-19 shock,” he said.

Gaming and Leisure Prime Development Verticals

Using its own growth factor, Adjust created a global map to highlight mobile app trends outside of large, mature markets and to show app marketers where to find the greatest potential for growth.

“Now more than ever, mobile marketers need a roadmap to identify just the right users in just the right places at just the right points on their journey,” he said Andrey Kazakov, Adjust Chief Operations Officer. “Adjust’s data, coupled with Facebook’s insights into user preferences and actions, enables marketers to reach and retain their users with the highest value.”

The highlights of outstanding industries and regions include:

  • Gaming wins worldwide: According to Adjust’s findings Mobile app trends Games were the top industry last year. This is mainly due to innovative business models such as hyper casual, instantly playable games designed to deal with simple, satisfying mechanics.
  • Latin America gaming dominates as improved accessibility and a growing urban population drive rapid mobile development. Three of the top five countries in gaming are in Latin AmericaWith Argentina lead the pack. Vietnam, Brazil, China and Mexico round off the top 5.
  • India grows the fastest, with ever greater mobile penetration. Education is the fastest growing app industry, while entertainment is a highly competitive market for streaming and over-the-top media (OTT).
  • Entertainment has grown quickly and subscriptions are the trend to watch. According to Research conducted by AdjustUsing Apptopia data, nearly 80 percent of the 225 best apps in the Google Play Store and nearly 50 percent of the 225 best apps in the App Store are subscription-based.
  • Korea and Vietnam Top the charts for ecommerce as the two fastest growing markets in mobile-first commerce. To the Vietnam The apps there in particular offer enormous room for growth and build on untapped markets with eager consumers. China, Egypt and Colombia are also strong performers in e-commerce.

With these insights, marketers can develop an effective strategy for markets where they can most successfully expand their apps. More importantly, they can create targeted and personalized customer experiences.

“The mobile app is truly a global business. It’s easy to get started with because of the low barrier to entry, but also easy to fail if you don’t understand the markets and users well,” he said Bryan Wang, Director of Marketing Science, Greater China Region & Gaming on Facebook. “The data and insights in the Mobile App Growth Report can help app advertisers identify their new market entry strategies and effectively enable winning tactics.”

Download the full report for more results Here, or read more on the Adjust blog Here.


The Adjust Mobile App Growth Report, supported by Facebook, relies on data from 25,000 apps published in the app and Google Play stores combined in almost 250 countries and 12 industries in 2019 and 2020 to demonstrate the performance of the apps . The growth factor is calculated by dividing the total number of app installs per month by the number of monthly active users (MAU) for each industry and country in the Customize data set to show the growth rate of installs relative to the MAU base .

* All data comes exclusively from the Adjust platform and no Facebook data has been used in any way for this report.

About customizing
To adjust is a global analysis platform for app marketing that aims to ensure the highest data protection and performance standards. Adjust’s solutions include attribution and measurement, fraud prevention, cybersecurity and automation tools. The company’s mission is to make mobile marketing easier, smarter and more secure for the 50,000+ apps that work with Adjust.

Contact information
Joshua Grandy
Communications manager, USA
[email protected]

SOURCE Adjust GmbH

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StoryFit Expands With Key Leisure Excuetive hires Following 2X Income Development | Information

Austin, Texas, March 29, 2021 / PRNewswire-PRWeb / – StoryFit, a leading technology company providing breakthrough AI predictive analytics for the entertainment and publishing industries, is pleased to announce two key appointments to its executive team.

Kymn Goldstein joins the company as Head of Revenue & Growth. Goldstein most recently served as COO of Allied Global Marketing where she transformed the business by expanding agency capabilities and working with studios, broadcast networks and streamers such as NBC Universal, Warner Bros., Disney and Netflix to develop and run marketing campaigns for a target audience. Before joining Allied, she started a technology start-up and led sales for a division of News Corporation. “I’m thrilled to be part of the StoryFit team. StoryFit’s AI-powered technology gives entertainment content developers, marketers, and distributors a suite of data tools that were previously unavailable, and provides unprecedented intelligence on stories and the.” Audience that consumes them, “said Goldstein.

Marc D. Evans is named as the company’s new COO. Evans is the founder and managing partner of Rock Ridge Principals and runs one of the most successful Alamo Drafthouse franchises. Previously, he was the co-founder and co-CEO of Intrepid Pictures, where he developed, produced and funded films distributed by Universal Pictures, Rogue Pictures, Relativity and Lionsgate, and the CFO of Revolution Studios. Evans’ early career included stints at TNT, Disney, and game developer Bethesda Softworks. Evans said, “StoryFit’s data insights are having a remarkable impact on the storytelling and story business. I look forward to joining the team at a time when the growing suite of solutions in the entertainment and publishing industries is gaining avid acceptance. I wish , this technology would have done this. ” was available 10 years ago when I was producing. “

“StoryFit has had a phenomenal year. We have doubled our sales and tripled our customer base despite the economic challenges and changes in the entertainment industry,” he said Monica Landers, Founder and CEO. When our customers and the industry as a whole are writing great stories again, they need more effective tools to connect stories with audiences. Marc and Kymn’s experience will be invaluable in delivering the product growth planned for the next few years. They are great to work with too, so I couldn’t be happier to welcome them to the team. “

About StoryFit:

StoryFit provides AI-powered story science for the entertainment and publishing industries throughout the entire life cycle of a story, from acquisition and creative development to production green light to marketing and sales. StoryFit uses artificial intelligence to measure over 100,000 key functions and compare them to thousands of other scripts or books to generate actionable insights.

StoryFit combines extensive NLP and machine learning know-how with a deep understanding of narrative content and revolutionizes the data set made available to storytellers. You will help them get the best content, identify the most effective story elements for audience engagement, track key development changes, and determine the appropriate audience. For more information visit:

Media contact

Amy Prenner, The Prenner Group, +1 (310) 709-1101,



Worth vs. Development: Cramer’s ‘Mad Cash’ Recap (Friday 3/19/21)

Like it or not, stocks are hip to the bond market, Jim Cramer told Mad Money viewers on Friday. It is a battle between value and growth, between industry and technology, and these groups can never gather at the same time. Because of this, the schedule for next week depends on comments from Fed Chairman Jay Powell and Treasury Secretary Janet Yellen.

We will hear the first part of these comments on Monday when Powell speaks. If the bond market freaks out again, Cramer expects technology stocks to decline again.

Next, we will receive revenue from GameStop on Tuesday ((GME) – Get the report and Adobe Systems ((ADBE) – Get the report. Failing to reason GameStop was higher from these levels, Cramer said that Adobe’s earnings are unlikely to move the stock no matter how good they are.

Wednesday brings more comments from Powell along with Yellen that could once again upset stocks. We will also hear from RH retailers ((RH) – Get the report and generation grow ((GROUP) – Get the reportalong with General Mills ((GIS) – Get the report. Cramer expects good things from RH and Grow Generation. He’ll listen to General Mills to see how well stocks do as the economy reopens.

On Thursday we receive income from Darden restaurants ((DRI) – Get the reportand Cramer expects a bullish report as Darden is one of the last restaurants still affected by the pandemic.

Finally more business news on Friday when we get the latest reports on personal income and consumer spending.

Cramer and the AAP team look at everything from revenue and politics to the Federal Reserve. Find out what they have to say to their investment club members and have fun with a free trial subscription to Action Alerts Plus.

Executive decision: Utz Brands

In his first “Executive Decision” segment, Cramer spoke again with Dylan Lissette, CEO of the snack manufacturer Utz Brands ((UTZ) , which rose 5.2% to close as investors cheered the company’s recent gains.

Utz is celebrating its 100th anniversary this year and Lissette said that the company has been growing brand for brand and geography for geography for decades. They are now the third largest snack maker in the US and well on their way to becoming number two.

Lissette said the secret to their success is knowing how to make delicious snacks. Customers keep coming back. In this way, Utz was able to achieve a repetition rate of 70%.

Another secret for Utz’s growth is digital media. According to Lissette, Utz increased digital marketing by 60% in the past year and will probably continue to do so this year. Thanks to digital media, Utz was able to pivot more quickly and thus contribute to its growth.

Executive decision: upstart

For his second “Executive Decision” segment, Cramer also spoke to Dave Girouard, Founder and CEO of Upstart ((UPST) – Get the report, the digital credit platform with artificial intelligence. Upstart’s shares were down 8.8% today after the company posted 57% sales growth.

Upstart’s mission is to improve access to credit, explained Girouard. He said their offerings were fair and inclusive from the start and that those beliefs were central to who they are.

Upstart is a paid company that works with banks rather than taking on the credit risk itself, Girouard added. The company has announced that it will acquire Prodigy Software to expand its offering to include the car buying experience. Upstart has also worked with companies like Intuit ((INTU) – Get the report to further promote digital personal finance.

Girouard added that Upstart is also working to translate the lending process into Spanish and tap into a traditionally underserved market. Everything from marketing to agreements to customer service will soon be available for Spanish speakers.

According to Cramer, investors haven’t missed Upstart’s growth, even though stocks have doubled in recent months.

Executive decision: Twilio

In his final “Executive Decision” segment for the week, Cramer checked in Jeff Lawson, chairman and CEO of the messaging platform Twilio ((TWLO) – Get the report.

Lawson stated that Twilio is a platform that developers can use to communicate with their customers, be it voice, text, email or video. And while Twilio is best known for notifying you when your delivery arrives or when your flight is late, the company also donates 1% of its profits to nonprofits.

Twilio’s charitable endeavors have taken on a whole new meaning this year as the world is quick to vaccinate. Lawson says Twilio sends message notifications that allow people to schedule appointments, find locations, review their reactions after receiving their recordings, and make sure they get their second dose on time.

COVID outbreaks have put us all at risk, Lawson added, and it has been a major humanitarian effort to get the world where the vaccinations are.

On Real moneyCramer provides an overview of the companies and CEOs he knows best. Get more of his insights with a free trial subscription to Real Money.

Incentives for vaccines

In his “No Huddle Offense” segment, Cramer analyzed the recent exchange between Dr. Anthony Stephen Fauci, director of the United States National Institute of Allergies and Infectious Diseases and chief medical officer to the President, and Kentucky Republican Senator Rand Paul.

The two clashed during a COVID-19 hearing Thursday on the value of the vaccine and whether people should wear masks after vaccination.

Cramer said we need to do more to motivate everyone to get this vaccine. In a recent survey, only 22% of small business owners said they require their employees to be vaccinated. Cruises, stadiums, and casinos allow people to congregate, even without vaccines.

Cramer advocated a “no vaccine, no service” policy. He said if cruise lines made vaccinations mandatory, others would likely follow suit as everyone is fed up with this pandemic and wants to get back to normal as soon as possible.

Lightning round

Here’s what Jim Cramer said about some of the stocks callers offered during Friday night’s Mad Money Lightning Round:

Seal jewelers ((SIG) – Get the report: “You have to hold on to it. They are just getting started.”

Live nation ((LYV) – Get the report: “That went a lot, but this company is the real deal when it comes to events.”

Marathon Digital MARA: “It sounds great, but it has almost no revenue and no income. Buy Nvidia ((NVDA) – Get the report. “

Boeing ((BA) – Get the report: “This is the ultimate reopening. Keep buying it.”

Coupang ((CPNG) – Get the report: “This is a wild ride. You can own it for speculation, but nothing more.”

Browse Jim Cramer’s “Mad Money” trading recommendations with our exclusive recommendations “Mad Money” Stock Screener.

To watch reruns of Cramer’s video segments, visit Mad Money page on CNBC.

To sign up for Jim Cramer’s free booyah! Newsletter with all of his latest articles and videos Please click here.

At the time of publication, Cramer’s Action Alerts PLUS had no position in the stocks mentioned.

Over $ 347 Million Development in In-flight Leisure Programs Market 2020-2024 | Rising Pattern of BYOD Aboard Plane to Emerge as Key Pattern

NEW YORK, March 8, 2021 / PRNewswire / – The global in-flight entertainment systems market is expected to grow $ 347.17 million in the period 2020-2024 with a CAGR of over 1%. The report provides an up-to-date analysis of the current market scenario, the latest trends and drivers, as well as the overall market environment.
For more details, Receive a free sample report immediately

Aircraft Entertainment Systems Market by Product & Geography – Forecast and Analysis 2020-2024

Effects of COVID-19
The COVID-19 pandemic continues to change the growth of various industries, but the immediate effects of the outbreak are different. While some industries will see a decline in demand, many others remain unscathed and have promising growth opportunities. COVID-19 will have a huge impact on the in-flight entertainment systems market.

Frequently asked Questions:

  • What is the leading segment in the market based on segmentation by product?
    Based on the product, the market saw maximum growth in the hardware segment in 2019.

  • What are the main trends in the market?
    The growing trend of BYOD on board aircraft is the main trend in the market.

  • At what speed should the market grow?
    The market is expected to grow by more than 1% in the period 2020-2024.

  • Who are the top players in the market?
    Burrana Pty Ltd., FDS Avionics Corp., Global Eagle Entertainment Inc., GOGO LLC, Honeywell International Inc., Inmarsat Group Ltd., Panasonic Corp., Safran SA, Thales Group and Viasat Inc. are the main players in the market.

  • What are the main market drivers and challenges?
    The market is being driven by increasing air passenger traffic. However, the high costs associated with network technologies and connectivity hardware could challenge growth.

  • How big is the APAC market?
    APAC dominated the market with a 48% share in 2019.

Related communications services reports include:

Global VR Games Market – The global VR games market is broken down by Type (hardware, software and accessories), application (PCs, consoles and mobile devices), and geography (Europe, North America, APAC, South Americaand MEA). Receive an exclusive free sample report

The story goes on

Global Mobile Advertising Market – The global mobile advertising market is broken down by Type (Ad, Search, and SMS), Geography (APAC, Europe, MEA, North America, and South America). Receive an exclusive free sample report

Develop intelligent strategies for your company: Get a Free Sample Report Now!

The market is concentrated and the level of concentration will accelerate over the forecast period. Burrana Pty Ltd., FDS Avionics Corp., Global Eagle Entertainment Inc., GOGO LLC, Honeywell International Inc., Inmarsat Group Ltd., Panasonic Corp., Safran SA, Thales Group and Viasat Inc. are some of the key market players. Although the increase in air passenger traffic offers enormous growth opportunities, the high costs associated with network technologies and connectivity hardware are likely to present a challenge for market providers. This In-Flight Entertainment Systems market forecast report offers a detailed analysis of the leading market vendors to assist players in strengthening their market position. The report also provides industry honors information on the competitive landscape and insights into the various product offerings from different companies.

Technavio’s custom research reports provide detailed insights into the impact of COVID-19 at the industry level, regional level, and subsequent supply chain operations. This customized report will also help customers keep pace with new product launches in direct and indirect COVID-19-related markets, upcoming vaccines and pipeline analysis, and significant vendor and regulatory developments.

In-flight Entertainment Systems Market 2020-2024: Segmentation

The In-Flight Entertainment Systems Market is segmented as follows:

Download a free sample to learn more about the global trends that are affecting the future of market research:

In-flight Entertainment Systems Market 2020-2024: Scope

Technavio provides a detailed picture of the market through the study, synthesis and summary of data from multiple sources. The In-flight entertainment systems market The report covers the following areas:

  • In-flight entertainment systems market size

  • In-flight entertainment systems market trends

  • In-flight entertainment systems market analysis

This study identifies the growing trend of BYOD on-board aircraft as one of the main drivers of the growth of the in-flight entertainment systems market over the next several years.

Technavio proposes three forecast scenarios (optimistic, likely and pessimistic) that take into account the effects of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacts on market research reports.
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In-Flight Entertainment Systems Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024

  • Detailed information on factors that will support the growth of the Aircraft Entertainment Systems market over the next five years

  • Estimation of the market size of in-flight entertainment systems and their contribution to the parent market

  • Predicting upcoming trends and changes in consumer behavior

  • The growth of the in-flight entertainment system market across Europe North America, APAC, Europe, MEA and South America

  • Analysis of the competitive landscape of the market and detailed information on providers

  • Full details on factors that will challenge the growth of in-flight entertainment system providers



Market landscape

  • Market ecosystem

  • Value chain analysis

Market size

Five forces analysis

Market segmentation by product

  • Market segments

  • Product comparison

  • Hardware Market Size and Forecast 2019-2024

  • Connectivity – Market size and forecast 2019-2024

  • Content – Market size and forecast 2019-2024

  • Market opportunity by product

Customer landscape

Geographic landscape

  • Geographic segmentation

  • Geographic comparison

  • North America – Market size and forecast 2019-2024

  • APAC – Market size and forecast 2019-2024

  • Europe – Market size and forecast 2019-2024

  • MEA – Market Size and Forecast 2019-2024

  • South America – Market size and forecast 2019-2024

  • Major leading countries

  • Market opportunity by geography

  • Market drivers – demand-driven growth

  • Market challenges

  • Market trends

Supplier landscape

  • Sales landscape

  • Landscape disturbance

Supplier analysis

  • Provider covered

  • Market positioning of providers

  • Burrana Pty Ltd.

  • FDS Avionics Corp.

  • Global Eagle Entertainment Inc.


  • Honeywell International Inc.

  • Inmarsat Group Ltd.

  • Panasonic Corp.

  • Saffron SA

  • Thales group

  • Viasat Inc.


about us
Technavio is a leading global technology research and consulting company. Her research and analysis focuses on emerging market trends and provides actionable insights that companies can use to identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialist analysts, Technavio’s report library includes more than 17,000 reports and 800 technologies from 50 countries. Her customer base consists of companies of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s extensive coverage, research and actionable market insights to identify opportunities in existing and potential markets and assess their competitive position in changing market scenarios.

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Technavio (PRNewsfoto / Technavio)



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Ashley Graham’s Publish-Child Hair Progress Gave Her A Bond Villain Model Fringe

Refinery 29 UK

A year later, how are fashion rental companies doing?

When the lockdown brought our social and office life to a standstill, our closets were the first to feel the effects. With nowhere to go and no one to see, we gave up most of our clothing in favor of a uniform of tracksuits and housecoats. As many saved unnecessary expenses, fashion became even less important, leading many to cancel their clothing rental subscriptions. While none of the rental companies I’ve spoken to have spoken to common numbers, all of them have confirmed they’ve seen a decline in orders and an increase in membership cancellations and breaks since the first U.S. pandemic last March. However, many customers were returning by last summer, though it is unclear whether subscriptions have hit prepandemic numbers. We’re still banned – so what’s changed? According to Ambika Singh, CEO of Armoire, a clothing company that sells contemporary brands like Rag & Bone, Equipment, and Scotch & Soda, people at home have started dressing up again just because: “Even though women didn’t see many like that People like they were in their pre-pandemic life were already used to dressing themselves up and giving themselves the boost they needed for the day. “Today Armoire has more“ permanent customers ”than ever before. This term refers to people who have been using the service for more than nine months. URBN’s rental service, which also includes Urban Outfitters, Anthropologie and Free People, says Nuuly, the company has seen memberships revitalized with each new season, with more expected in the spring and summer due to the introduction of vaccines and outdoor events . This could explain why the plus-size brand ELOQUII launched its rental service ELOQUII Unlimited in August. According to CEO Mariah Chase, the service was in the works before March 2020, but research showed that customers still wanted it. “80% of women in sizes 14-28 agreed that a subscription clothing rental service gave them the flexibility they need as their lifestyle evolves in uncertain times,” she says. Part of this pandemic success can be attributed to the communities these companies have purposely built. Armoire launched initiatives such as the “digital changing room”, in which members can upload photos of themselves in the rented clothing to a joint feed. Others, like ELOQUII Unlimited, have added styles that are more relevant to home life and introduced a loungewear launch in the fall. Nuuly also reevaluated its category and brand mix, expanding its maternity and plus size offerings (which its customers requested) and generally relying on both casual aesthetics and “mood-enhancing” styles. “Last year’s topic was casual, but our subscribers were still talking to each other [their lives] through a fashionable lens, ”says Kim Gallagher, Nuuly’s director of marketing and customer success. “They loved our range of glamorous casuals like sequin and velvet joggers.” (I am well aware of the drawstring sequin pants Gallagher is talking about because they happened to be the last product I ordered when I tested Nuuly in February and March last year when things were starting to look somber.) “Fashion It’s always been about self-expression, and rental gives consumers access to a closet that is much larger and more diverse than it would be useful to own. “Christine Hunsicker, Founder and CEO of CaaStle Christine Hunsicker is the Founder and CEO of the growing logistics company CaaStle Due to the success of her previous business, apparel subscription brand Gwynnie Bee (which is now a subsidiary), rental services like ELOQUII Unlimited, Vince Unfold are now being used and Banana Republic Style Passport. According to Hunsicker, the rise of video conferencing presented a new need for the market: “We have seen our members move up [even if] They may have chosen more dresses in the past, ”she says, also naming more comfortable, less structured garments like cashmere sweaters as the most requested styles. Melissa Gonzalez, fashion retailer and CEO of the Lion’esque Group, confirms that people still think about their outfits, but with the computer in mind. “From the waist up, we’re staring at each other more than ever. I think there is a desire to freshen it up and feel good again,” she says. Then there’s the reason many loyalists never canceled their rental subscriptions at first. “The addition of new items to our wardrobe and the thrill of receiving these packages is still a source of real joy. Although we leave our homes less, we have to get dressed and feel good every day, ”says Hunsicker when I ask her why she thinks people keep renting clothes. “We received daily feedback from our members who shared that the arrival of their boxes on their doorstep would be a highlight of their week and a way to self-medicate.” This is the same reason that drew people to rental services when they first stopped by: the joy of being able to wear designer clothes that we otherwise couldn’t afford and trying out styles that we’d be too afraid to be to get involved in the long term. “Fashion has always been about self-expression, and renting it out gives consumers access to a wardrobe that is much larger and more diverse than it would make sense to own,” says Hunsicker. It’s also more sustainable than buying new clothes. COVID-19 forced many to rethink their shopping habits as they faced their own excess. The closets were full of clothes that we barely wore in normal times, let alone a pandemic. Therefore, environmentally friendly alternatives to consuming fashion such as reselling and renting, which are already on the rise, are becoming increasingly popular. “We as consumers have a role to play in rebuilding the post-pandemic world to be fairer and kinder to Mother Earth,” says Singh. “Rental fashion will boom like never before.” Gonzalez agrees that the future of rental looks bright, adding that not only is it more sustainable, but it is also a more economical alternative to buying a brand new closet. “As long as brand partnerships exist and inventory is exciting and consumers have access to brands they have coveted … [rental] is still very valuable. “Melissa Gonzalez, CEO of the Lion’esque Group According to Gonzalez, it is not only customers who benefit from the rental, but also brands that want to assert themselves in front of customers. “It still makes a lot of sense for brands to offer rentals as this is a good entry point for a client to get to know about your brand,” she says. “As long as brand partnerships are in place and inventory is exciting and consumers have access to brands that they previously wanted but might not have been able to afford, this continues to be a really valuable proposition.” Just this week, Ralph Lauren started a rental initiative with the Lauren Ralph Lauren brand (also from CaaStle). Speaking to WWD, David Lauren, the company’s chief innovation and brand officer, said, “We really thought Lauren was an interesting place to start. It was a brand that had lost some of its grip. We thought this would be a way to rekindle interest and curiosity. Gonzalez believes that rental fashion will continue to be popular with consumers: “People look forward to going out again, especially when we get vaccines and the warmer weather comes.” Then there is the future where we ( presumably hopefully) will return for events such as weddings and large social gatherings. With that in mind, according to Gallagher, landlords are well positioned to meet the fashion needs that arise when people return and travel on special occasions. “As we emerge from the pandemic and consumers have more reasons to get dressed, we believe that the value proposition of access to a rotating closet will grow with demand,” says Chase. Because who knows by then what we will want to wear after a year and some of them outside of our closets? Will our style be what it was before the pandemic? Will it be comfort forever? “When we return to pre-pandemic activity, the big question is what wardrobes will look like: is the elastic waist here to stay or will yoga pants be left in quarantine?” says Hunsicker. “Rental services offer a real value proposition to consumers looking to get dressed without committing to a post-pandemic wardrobe.” At Refinery29, we are here to help you navigate this overwhelming world of things. All of our market picks are independently selected and curated by the editorial team. When you buy something that we link to on our website, Refinery29 can earn a commission. Do you like what you see? How about a little more R29 grade, right here? Is this the new frontier for sustainable fashion? It’s time to rent your clothes on20 skinny jeans we love, from plus to petite

Outlook on the Media & Leisure World Market to 2026 – Rising Want for Quick Web Connectivity With Extremely-Low Latency for OTT Media is Driving Progress


Billionaire Steven Cohen takes on these 3 “Strong Buy” shares

Last week the NASDAQ fell below 13,200, taking the net loss from its all-time high earlier this month to 6.4%. If this trend continues, the index will slide into correction territory, a 10% loss from its peak. So what exactly is going on? Basically, the signals are mixed. The COVID-19 pandemic is starting to fade and the economy is starting to open again – strong positive results that should boost markets. An economic restart, however, brings inflationary pressures: more people work means more consumers with money in their pockets, and the massive stimulus programs that have been passed in recent months – and the law that is now going through Congress and on $ 1.9 trillion – have provided additional funds to people’s purses and liquidity in the economy. There is pent-up demand out there and people to spend, and both of these factors will drive prices up. We can see an effect of this in the bond market, where the ten-year government bond yielded 1.4% near an annual high and has seen an upward trend in the past few weeks. However, this could be a gun jumping case, as Federal Reserve Chairman Jerome Powell told the Senate he was not considering a move to raise interest rates. In other words, these are confusing times. For those who feel lost in the whole stock market fog, investing from gurus can provide a sense of clarity. None more than billionaire Steven Cohen. Cohen’s investment firm, Point72 Asset Management, has adopted a strategy that involves investing in the stock market as well as a more macroeconomic approach. This strategy cemented Cohen’s status as a highly regarded investment powerhouse. The guru made $ 1.4 billion in 2020 thanks to a 16% gain in Point72’s top hedge fund. With that in mind, our focus shifted to Point72’s most recent 13F filing, which reveals the stocks the fund bought in the fourth quarter. TipRanks’ database, which relied on three tickers in particular, found that everyone had an analyst consensus of “Strong Buy” and had significant upside potential. Array Technologies (ARRY) The first new position is Array Technologies, a green tech company providing tracking technology for large solar energy projects. It is not enough to just use enough photovoltaic solar modules to supply an energy supply company with electricity. The panels must track the sun across the sky and take into account seasonal differences as it travels. Array offers solutions to these problems with its DuraTrack and SmarTrack products. Array boasts that its tracking systems improve the life cycle efficiency of solar array projects and that its SmarTrack system can increase total energy production by 5%. The company has impressed its customers with installations in 30 countries in more than 900 supply-scale projects. President Biden is expected to take executive action at the expense of the fossil fuel industry to promote green economic policies, and Array could potentially benefit from this political environment. This company’s stock is new to the markets after it went public in October last year. The event has been described as the “first major solar IPO” in the US for 2020 and was a success. The shares opened at $ 22 and closed at $ 36 on the day. The company sold 7 million shares and raised $ 154 million. Another 40.5 million shares were brought to market by Oaktree Capital. Oaktree is the investment manager who has held a majority stake in the company since 2016. Array fans include Steven Cohen. Point72’s new ARRY position, valued at 531,589 shares in the fourth quarter, is valued at over $ 19.7 million. Guggenheim analyst Shahriar Pourreza also appears confident about the company’s growth prospects, noting that the stock appears to be undervalued. “Renewable energy companies have seen large capital inflows as a result of the ‘blue wave’ and Democratic control of the White House and both houses of Congress. However, ARRY continues to trade at a significant discount to its peers, “noted the 5-star analyst. Pourreza added,” We remain optimistic about ARRY’s growth prospects based on 1) tracker market share gains over fixed pitch systems are due. 2) ARRY market share gains within the tracker industry, 3) ARRY’s great opportunity in the less permeated international market, 4) the ability to monetize their existing customer base over the long term through extended warranties, software upgrades, etc. that represent a high profit margin accretive. “Consistent with these bullish comments, Pourreza is pricing ARRY shares for a buy and its target price of $ 59 implies an uptrend of 59% from current levels. (To see Pourreza’s track record, click here.) New Shares In Growth industries are the main focus of Wall Street pros, and Array has recorded 8 valuations since going public, with 6 buys and 2 holds making the consensus rating for the stock a strong buy, with an average price target of 53.75 USD suggests an uptrend of ~ 45% is possible over the next 12 months. (See ARRY stock analysis on TipRanks.) Paya Holdings (PAYA) The second pick from Cohen we’re looking at is Paya Holdings, a North American payment processing service, the company provides integrated payment solutions for B2B operations in the education, government, healthcare, nonprofit and retail sectors utilities. Paya has over $ 30 billion in payments processed annually for over 100,000 customers. In mid-October last year, Paya completed its market launch via a SPAC (Special Acquisition Company) merger with FinTech Acquisition Corporation III. Cohen stands right on this with the cops. During the fourth quarter, Point72 bought 3,288,843 shares, increasing the size of the stake to 4,489,443 shares. After this 365% increase, the position is now valued at ~ $ 54 million. Mark Palmer, 5-star analyst at BTIG, is impressed by Paya’s medium-term prospects and writes: “We assume that PAYA will achieve revenue growth in old age in the next few years as Integrated Solutions grow in the next few years is set to grow in the mid-20s and Payment Services is expected to grow in the mid single digits. At the same time, from our point of view, the company’s operating costs should increase by 5%. We therefore assume that PAYA’s adjusted EBITDA growth will be north of 20% in the next few years and that its adjusted EBITDA margins will increase from 25% in 2019 to 28% by year 21. “Palmer sets a price target of $ 18 on PAYA shares, showing his confidence in 49% growth for the coming year, and rates the shares as a buy. (To see Palmer’s track record, click here) PAYA’s consensus rating for analysts with strong buying is unanimous based on 4 buy-side ratings set over the past few weeks. The stock has an average price target of $ 16, suggesting an upside potential of ~ 33% from the current stock price of $ 12.06. (See PAYA stock analysis on TipRanks) Dicerna Pharma (DRNA) Last but not least, Dicerna Pharma, a clinical-stage biotech company focused on the discovery, research and development of treatments based on its RNAi technology platform (RNA Interference). The company has 4 drug candidates in various stages of clinical trials and another 6 in pre-clinical trials. The company’s pipeline clearly caught Steven Cohen’s attention – the acquisition of a new stake totaling 2.366 million shares. This stake is valued at $ 63.8 million at current values. The farthest drug candidate down Dicerna’s pipeline is nedosirane (DCR-PHXC), which is being studied for the treatment of PH or primary hyperoxaluria – a group of several genetic disorders that cause life-threatening kidney disease by overproducing oxalate. Nedosiran blocks the enzyme that causes this overproduction and is in a phase 3 study. Top-line results are expected in mid-’21 and if everything goes as planned, an NDA filing for nedosiran is expected towards the end of Q3 21. Analyst Mani Foroohar covers Leerink and sees Nedosiran as the key to the company’s near-term future. “We assume that nedosiran could be approved in mid-2022 and that the drug will be around a year and a half behind its competitor Oxlumo (ALNY, MP) in PH1 … A successful result will be DRNA in a commercial company for rare diseases in an attractive duopoly transforming market with the best label width in the industry, “noted Foroohar. To that end, Foroohar rates DRNA as an outperform (i.e. Buy), and its price target of $ 45 suggests a one-year upside of 66%. (Foroohar’s track record, click here) Overall Dicerna Pharma registered 4 buy ratings making the Strong Buy unanimous. DRNA shares trade for $ 26.98, and their average price target of $ 38 means the uptrend is ~ 41% over the next 12 months (See DRNA stock analysis to TipRanks) To find great ideas for trading stocks at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly introduced tool that brings together all insights into the shares of TipRanks. Disclaimer: The opinions expressed in this article are solely those of the analysts presented. The co ntent may only be used for information purposes. It is very important that you do your own analysis before making any investment.

Coca-Cola Zero Sugar would be the firm’s greatest supply of progress in 2021, CEO says

The greatest source of growth for Coke The company’s sugar-free version of the company’s soda of the same name is likely to be available in the next few years.

“In fact, Coke Zero Sugar will be the best growth driver in 21 and likely for the couple of years,” said James Quincey, CEO of Coke, in an interview that aired on CNBC Friday “Close the bell.”

The drink was launched nationwide in 2017 as an updated version of Coke Zero, which was 12 years old at the time. Coke Zero Sugar was designed to be more similar to traditional Coke soda, but still appeal to health-conscious consumers by omitting the sugar. And the product has paid off for the company, fueling sales growth throughout the fiscal year as well Coronavirus pandemic.

“Coke Zero grew through Covid in 2020 and is the biggest growth driver for the company in absolute terms,” ​​Quincey told CNBC’s Sara Eisen.

Quincey pointed out Coke’s Topo Chico Hard Seltzer and AHA Sparkling Water as new products that did well in the early days of their launch.

Other beverage launches like Coke Energy have been challenged by the current crisis. Executives told analysts on Feb.10 that they would double Coke Energy this year after lockdowns impacted its first launch earlier last year.

Coke’s stock is down 16% over the past 12 months, bringing it to a market value of $ 215 billion.

Center East Media and Leisure Market Progress, Traits, and Forecasts Report 2021-2026


This crypto kid had a condo of $ 23,000 a month. Then came the Feds.

(Bloomberg) – Stefan Qin was only 19 years old when he claimed to have the secret of cryptocurrency trading. With youthful confidence, Qin, a self-proclaimed child prodigy from Australia, dropped out of college in 2016 to start a hedge fund in New York he called Virgil Capital. He told potential customers that he developed an algorithm called Tenjin to monitor cryptocurrency exchanges around the world and take advantage of price fluctuations. A little over a year after its inception, he bragged that the fund had returned 500%, a claim that generated a ton of new money from investors. It went so cashless that in September 2019 Qin signed a lease for a $ 23,000-month apartment in 50 West, a 64-story luxury apartment building in the financial district with expansive views of Lower Manhattan, plus a pool, sauna, steam room, hot tub and a golf simulator. In reality, federal prosecutors said the operation was a lie, essentially a Ponzi program that stole about $ 90 million from more than 100 investors to buy into Qin’s lavish lifestyle and personal investment in high-risk bets like initial coin offers finance. At one point when customers were being asked for their money, he blamed “poor cash flow management” and “loan sharks in China” for his problems in various ways. Last week, Qin, 24, who expressed his repentance, pleaded guilty in federal court in Manhattan. “I knew what I was doing was wrong and illegal,” he told US District Judge Valerie E. Caproni. who could sentence him to more than 15 years in prison. “I deeply regret my actions and will spend the rest of my life atoning for what I have done. I am deeply sorry for the damage my selfish behavior has caused to my investors who have trusted me, my co-workers and my family. Avid Investors The case mirrors similar cryptocurrency scams to BitConnect’s, promising people double and triple digit returns and costing investors billions. Such Ponzi programs show how investors looking to make money in a hot market can easily be misled by promises of high returns. Canadian stock exchange QuadrigaCX collapsed in 2019 as a result of fraud, causing 76,000 investors to lose at least $ 125 million. As oversight of the cryptocurrency industry intensifies, the sector is littered with inexperienced participants. Some of the 800 or so crypto funds worldwide are managed by people with no knowledge of Wall Street or finance, including some college students and graduates who launched funds a few years ago. Qin’s journey also began in college. He’d been a mathematician planning on becoming a physicist, he told a website, DigFin, in a profile released in December, just a week before regulators approached him. He described himself on his LinkedIn page as “a quantum with a deep interest and understanding of blockchain technology”. In 2016 he was inducted into a program for high potential entrepreneurs at the University of New South Wales in Sydney with a proposal to use blockchain technology to accelerate foreign exchange transactions. From August 2016 to December 2017, he also attended Minerva Schools, a largely online college in San Francisco, confirmed the school. Crypto BugHe got the crypto bug after an internship at a company in China, he told DigFin. His job had been to build a platform between two venues, one in China and one in the US, so that the company could arbitrage cryptocurrencies. Qin, convinced he had struck a deal, moved to New York to start Virgil Capital. His strategy, he told investors, is to take advantage of the tendency of cryptocurrencies to trade on different exchanges at different prices. It would be “market neutral,” which means that the company’s funds would not be exposed to price movements. And unlike other hedge funds, he told DigFin, Virgil would not charge management fees and would only charge fees based on the company’s performance. “We never try to make easy money,” said Qin. By his testimony, Virgil got off to a quick start and achieved a 500% return in 2017, which attracted more investors to get involved. A marketing brochure with a monthly return of 10% – or 2,811% over a three-year period ending in August 2019, according to legal documents. His fortune got an extra jolt after the Wall Street Journal profiled him in a February 2018 story that announced his ability to arbitrate cryptocurrency. Virgil “saw significant growth as new investors poured into the fund,” prosecutors said. The first cracks appeared last summer. Former investor relations director Melissa Fox Murphy said in a court statement that some investors were “increasingly angry” about missing assets and incomplete transfers. (She left the company in December.) The complaints grew. “It’s now MIDDLE OF DECEMBER and my MILLIONS OF DOLLARS ARE NOWHERE TO SEE,” wrote an investor whose name was obscured in court documents. “It’s a shame the way you treat one of your earliest and greatest investors.” At around the same time, nine investors with a fund of $ 3.5 million called for redemptions from the company’s flagship Virgil Sigma Fund LP, according to prosecutors. But there was no money to transfer. Qin had freed the Sigma Fund of its fortune. The fund’s balances were fabricated. Rather than trading on 39 exchanges around the world, Qin allegedly spent money on personal expenses and invested in other undisclosed high-risk assets, including initial coin offerings, prosecutors said. So Qin tried to bring it to a standstill. Instead, he convinced investors to transfer their interests to his VQR Multistrategy Fund, another cryptocurrency fund he launched in February 2020 that used a variety of trading strategies – and that still had assets. ‘Loan Sharks’ also attempted to pull $ 1.7 million out of the VQR fund, but that aroused suspicion from main dealer Antonio Hallak. In a phone call Hallak recorded in December, Qin said he needed the money to repay “loan sharks in China” that he borrowed to start his business. This is evident from court files filed in a lawsuit with the Securities and Exchange Commission. He said the loan sharks “could do anything to collect the debt” and that he had a “liquidity problem” that was preventing him from paying it back. “I just had such bad cash flow management to be honest,” Qin told Hallak. “I don’t have any money right now, dude. It is so sad. “When the dealer resisted the withdrawal, Qin tried to take over the running of the VQR accounts. The SEC was now involved. There were cryptocurrency exchanges to get a grip on VQR’s remaining assets, and a week later it filed a lawsuit. Asset Restoration By the end, Qin had used up virtually all of the $ 90 million in the Sigma Fund. A court-appointed beneficiary overseeing the fund is attempting to reclaim assets for investors, said Nicholas Biase, a spokesman for incumbent Manhattan attorney Audrey Strauss. About $ 24 million in assets in the VQR fund are said to be frozen and should be available for diversification. Upon hearing of the investigation, Qin in South Korea agreed to return to the United States, prosecutors said. He surrendered to authorities on February 4, pleaded guilty to Caproni the same day, and was released pending his conviction on May 20 for a $ 50,000 bond. The maximum sentence is 20 years imprisonment in a plea, and prosecutors agreed that under federal condemnation guidelines and a fine of up to $ 350,000, he should be behind bars for 151 to 188 months. That fate is a far cry from the career his parents planned for him – a physicist, he had told DigFin. “They weren’t very happy when I told them I left college to do this crypto thing. Who knows, maybe one day I’ll graduate. But I really want to trade crypto. “For more articles like this, visit Sign up now to stay up to date with the most trusted business news source. © 2021 Bloomberg LP

Second Tencent Music Leisure Awards Conclude Efficiently, Additional Propelling the Development and Growth of China’s Digital Music Business

Shenzhen, China, January 26, 2021 / PRNewswire / – Tencent Music Entertainment Group (“Tencent Music”, “TME” or the “Company”) (NYSE: TME), the leading online music entertainment platform in China, hosted the second year Tencent Presentation of the Music Entertainment Awards (TMEA) at The Venetian Macao on January 23, 2021. The ceremony was broadcast live Tencent Music platforms including QQ Music, Kugou Music, Kuwo Music, and WeSing. In the 48 hours after the ceremony ended, topics related to the TMEA ceremony attracted 18.5 billion cumulative page views online.

Under the motto “Music to Live”, the second TMEA mastered and overcame the challenges of the Chinese music listeners last year, united and inspired them and released their enthusiasm for music and joie de vivre. During the ceremony, 57 awards were presented to national and international artists for their musical talents and contributions to the music entertainment industry China;; The winners included the K-pop group BLACKPINK, popular Chinese singers GEM, Jane ZhangJJ Lin, Mayday, Zhou Shenand the icon Taylor Swiftamong other musicians. The award ceremony was accompanied by live performances by leading music artists Chinalike CORSAK, Jane Zhang, WHEN, Richie Jenand Sunnee, each representing different styles and genres of music.

This year’s TMEA used innovative technologies to integrate online and offline experiences for the audience. In addition to watching the awards show online, music fans were able to overcome distance restrictions to interact with friends, creating a unique, immersive experience for music lovers. In addition, this year’s TMEA offered the latest technology for tailor-made live streaming surround sound systems for concerts. TME plans to increase the use of such systems in future concerts and create an exciting new experience for online music performance.

Since the opening ceremony in 2019, TMEA has leveraged TME’s broad user base, deep understanding of music trends and user insights, and rich and diverse music content to develop into an influential awards ceremony in the Chinese music industry.

Leverage Tencent TMEA, Music’s premier online music entertainment platform, has become the epitome of popular music trends in the country and plays an important role in showcasing and further unlocking the value of music. The awards serve to cultivate high quality music content and make it known to the public, as well as to celebrate the cultural virtues of the Chinese music industry, from which the industry, music artists and users alike benefit.

About Tencent Music Entertainment

Tencent Music Entertainment Group (NYSE: TME) is the leading online music entertainment platform in China and operates the most popular and innovative music apps in the country: QQ Music, Kugou Music, Kuwo Music and WeSing. Tencent Music’s mission is to use technology to empower music in people’s lives by allowing them to create, enjoy, share and interact with music. Tencent Music’s platform includes online music, online karaoke and music-oriented live streaming services that enable music fans to discover, hear, sing, watch, perform and socialize music. Please visit for more information.

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SOURCE Tencent Music entertainment

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