April 19, 2021 Biz in 60

Consumers stockpile $5.4T of savings since pandemic began Moody's has found that up to 5-point-4 trillion dollars has been stockpiled by consumers worldwide since the coronavirus pandemic began. That's as household incomes receive support from unprecedented government stimulus schemes designed to counter the economic downturn. The ratings agency expects a strong rebound in spending as more businesses reopen. GameStop chief executive George Sherman to step down US video-game retailer, GameStop, says its chief executive George Sherman will step down before the end of July. Sherman's departure will give incoming chair Ryan Cohen more control as he leads the company's transformation into an e-commerce business. Shares in GameStop jumped as much as 10-percent after the announcement. Shares in Trip.com rise 4.5% on Hong Kong debut Online travel agency, Trip-dot-com, has made a strong debut in Hong Kong, with shares rising more than 4-percent. The company had sold its shares at 34-point-5 dollars a piece to raise 1-point-1 billion dollars. The secondary listing is part of a wave of Wall Street- listed Chinese firms seeking a foothold in the Asian financial hub, as they face the risk of being delisted in the US.

You can listen to April 19, 2021 Biz in 60 online on Radio and Podcast. Open the player on this page to stream the available audio.

April 19, 2021 Biz in 60 is an episode from Business in 60 Seconds by Business in 60 Seconds.

This episode is 00:01:08 long.

This episode was published on Apr 21, 2021.

Yes. Use the heart button on the episode page to add it to your favorite episodes list.

Yes. This page shows related episodes from Business in 60 Seconds when more episodes are available from the podcast feed.