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Christmas tree sellers run into surprise Covid costs

Bloomberg Christmas tree vendors got a jump on sales this year as buyers looking to chase away pandemic blues started the season early. But all that demand may not necessarily translate into fat profits for sellers of evergreens or the farmers who grow them. “We typically see a wave of buying towards the second week of December, and the day ...

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Stock supply glut looms over market as firms suck in cash

Bloomberg Voracious cash appetite among virus-strapped companies and a battered economy that makes buybacks tough to justify are warping supply and demand dynamics in the stock market, something for bulls to worry about heading into year end. While American firms normally repurchase way more stock than they sell, this year has been different, as offerings by everyone from Snowflake Inc ...

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Ethereum now more than crypto coder favourite: Grayscale

Bloomberg While Bitcoin’s record-high grabs attention, its crypto compatriot Ethereum is continuing to broaden its appeal beyond the software programming crowd. Before this year, most investors’ first stop was Bitcoin, according to Michael Sonnenshein, managing director at Grayscale Investments LLC, which has investment products that track both and allows investments from institutional and accredited investors only. But the Ethereum blockchain, ...

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