Month: February 2020

Stamps.com Jumps 60%, Puts Post Office Worries to Bed By Investing.com

Investing.com

© Reuters. By Kim Khan Investing.com – Investors were writing off Stamps.com (NASDAQ:) after it ended its exclusive partnership with the U.S. Postal Service last year. Now they’re diving back in as the company’s plan of working with other shipping providers is showing big results. Shares soared 60% in afternoon trading Thursday. Stamps.com reported earnings after the bell yesterday, posting a of $2.12 per share, more than double the $1.03 per share analysts polled by Investing.com predicted. Revenue came in at $160.9 million, topping the consensus forecast of $144.68 million.…

As China Fights the Coronavirus, Some Say It Has Gone Too Far

Keith Bradsher

SHANGHAI — China’s business leaders know better than to argue with Beijing. Leave the politics to the Communist Party, they long ago concluded, and the government will let them make money in peace. A vicious viral outbreak has upended that formula. China’s typically supercharged economy has ground to a near standstill as the authorities battle a coronavirus that has killed more than 2,000 people and sickened tens of thousands more. Hundreds of millions of people now live essentially in isolation, as roadblocks seal off entire towns and the local authorities…