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Retailers are getting hit particularly hard on China-related news, even if the impact hasn’t quiet hit their bottom line. Tiffany’s shares fell 9.6 percent on Nov. 28 after the jeweler released disappointing third-quarter sales that were hurt by weaker spending from Chinese tourists in the U.S. and Hong Kong. The luxury jeweler’s earnings were in line with estimates, but revenue of $1.01 billion was shy of the $1.05 billion estimate from analysts surveyed by Refinitiv.

Target said in September that it was “deeply troubled” by the Trump administration’s escalating trade war, saying it threatens to undermine the U.S. economy, penalizes American families and raises prices on everything from backpacks to playpens.

The trade war hasn’t impacted all U.S. companies equally. Lululemon and Nike have cited China as a bright spot in recent earnings reports. Nike sales there grew by 31 percent during the company’s fiscal second quarter that ended Nov. 30.

“Now, while there has been uncertainty of late regarding US-China relations, we have not seen any impact on our business,” Chief Financial Officer Andy Campion told analysts on a conference call last month. “Nike continues to win with the consumer in China.”

Lululemon, Starbucks and other U.S. retailers have fared better by partnering with local companies in China.

China is also the world’s fastest growing aviation market, and a slowdown would hurt aircraft manufacturers and carriers, although it hasn’t affected them so far.

The International Air Transport Association, an industry group representing commercial airlines around the globe, has said it expects China to overtake the U.S. as the largest aviation market in the world by 2022.

So far, the industry mood has been upbeat. In September, Boeing, the world’s largest commercial aircraft manufacturer, raised its estimate for the number of planes China will need through 2037 by 6 percent to nearly 7,700, planes worth some $1.2 trillion.

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LGBT-inclusive employers in the UK, Stonewall report reveals

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Businesses around the world are gradually waking up to the importance of inclusivity in today’s workforce. While there’s still a long way to go until equality is reached across all fronts — many companies are actively implementing initiatives to bring about positive change.

Pinsent Masons is a clear example, having been crowned as the U.K.’s top LGBT-inclusive employer in Stonewall’s annual LGBT-inclusive employer list, which called the international law firm a “shining example” for how it ensures that “staff feel empowered and supported.”

“Pinsent Masons is leading the way championing lesbian, gay, bi and trans equality in the workplace. They know that helping staff feel that they can bring their full selves to work doesn’t just make a huge difference to individual team members – it makes real business sense too,” Darren Towers, executive director at Stonewall, said in a statement released Monday.

Another law firm, Bryan Cave Leighton Paisner was ranked second, followed by Cheshire Fire and Rescue Service.

The LGBT rights charity Stonewall compiled a list of the top 100 employers that embrace LGBT inclusion, after accumulating over 92,000 anonymous responses from U.K. employees on their experience in the workplace. The answers were gathered from submissions to Stonewall’s Workplace Equality Index.

Other names in the top 10 came from various industries, including prominent names like MI5, Citi, Lloyds Banking Group and Baker McKenzie.

Higher education organizations meantime excelled in the top 100, with 18 institutions placing in 2019’s rankings, with many featuring in the top trans-inclusive employers list, such as universities in Cardiff, Swansea and Sheffield.

While Stonewall’s ranking demonstrates that positive change is in play, more work is needed.

In 2018, 58 percent of young LGBT+ participants in a Vodafone-commissioned survey admitted that they hadn’t been open at work about their gender identity or sexual orientation in their first job, as they feared discrimination. Stonewall’s own research in 2018, revealed that nearly one-in-five LGBT employees surveyed had been subjected to negative comments or conduct from other colleagues in the past year.

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Barclays and Santander back fintech SME lender MarketInvoice

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Market Invoice co-founders Ilya Kondrashov, left, and Anil Stocker, right.

MarketInvoice

Market Invoice co-founders Ilya Kondrashov, left, and Anil Stocker, right.

British lending start-up MarketInvoice said Monday that it secured £56 million ($72 million) in a mix of equity and debt funding from investors.

The London-based financial technology firm lets small-to-medium enterprises sell their unpaid invoices through an online platform to gain access to working capital loans.

MarketInvoice said the investment consisted of a £26 million funding round led by British bank Barclays and the venture capital arm of Spanish lender Santander, as well as a £30 million debt facility from Viola Credit, the lending fund of Israeli private equity firm Viola Group.

The debt funding will go towards the firm’s business loan offering. Viola Credit and European venture capital firm Northzone also participated in the equity fundraising, MarketInvoice said.

Barclays last year bought a significant minority stake in the firm, as part of a strategic partnership that will see the bank’s business clients gain access to MarketInvoice’s invoice finance solutions.

Anil Stocker, co-founder and chief executive of MarketInvoice, said the new capital would be used to boost its business in the U.K. and help it forge more partnerships with banks — with a particular focus on cross-border tie-ups.

“We’re using this money to scale the business here in the U.K., which means delivering on the strategic partnership that we have with Barclays and investing more in tech and data,” he told CNBC in a phone interview.

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Contrary indicator suggests the market’s win streak is just beginning

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The market’s win streak may be just beginning.

Edward Yardeni, who spent decades on Wall Street running investment strategy for firms such as Prudential and Deutsche Bank, predicts stocks will break out to all-time highs this year.

He’s partly building his bull case based on a chart pointing to negative market sentiment.

“At the end of last year the bull-bear ratio, which is something we watch from Investors Intelligence, fell below one,” the Yardeni Research president told CNBC’s “Trading Nation” on Friday. “It’s got an awfully good track record as a contrary indicator.”

Each time the index last year spiked to either record or near record highs, Yardeni found the S&P 500 Index entered correction territory. It appears an opposite trend is unfolding right now.

“Bearishness was just so widespread that the market had a technical bounce, and now the fundamentals are going the right way,” added Yardeni.

It’s a scenario he predicted on “Trading Nation” on Dec. 26 as stocks were staging a historic rebound from the Christmas Eve meltdown. According to Yardeni, investors were too pessimistic about a recession, the Federal Reserve’s interest rate policy and the U.S.-China trade war.

“A lot of these things seem to be coming around in the right direction here, and so the markets have done extremely well,” he said.

The S&P 500 closed out the third week of January out of correction. The index now on its longest win streak since August — up four weeks in a row on signs U.S.-China trade tensions may be abating and encouraging fourth quarter earnings reports.

Yardeni said those factors are ultimately driving a year-long powerful market rebound. He predicted the S&P 500 will be 15 percent higher from current levels by year’s end.

“I’m still sticking with 3100 and feel better about it,” said Yardeni, who noted valuation multiples, low interest rates and inflation is setting Wall Street up for a very good year.

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