Italy's richest family is the Ferraro family. They founded confectionery giant Ferrero Group. The company is run by Giovanni Ferrero. Under his guidance the value of assets acquired through his CTH holding company increase by 40% last year. Business Insider reports this was partly due to CTH's $300 million purchase of Danish cookie business Kelsen Group last year.
Business Insider reports that Facebook's ad revenue will continue to increase this year. The growth will come despite the growing number of brands pulling ad campaigns amid the coronavirus pandemic. Net US digital ad revenues at Facebook will increase by 4.9% this year to $31.43 billion. Brands pulled ad spend from Facebook for the month of July in support of the NAACP campaign #StopHateForProfit. The campaign only asks brands to pause Facebook ad spending.
Robinhood overtook its rivals in trading activity during the month of June. According to Business Insider, a surge in retail investing drove millions of users to the trading platform. The brokerage posted 4.31 million daily average revenue trades, as investors capitalized on pandemic-fueled uncertainty. Robinhood used to attract traders with its zero-commission-fee structure, but rivals have since slashed their own fees.
TSA on Monday reported that 831,789 travelers passed through its checkpoints on Sunday. This is the highest number since March 17th, just before the US explosion of coronavirus. In addition, traveler traffic has consistently increased over the last two weeks, reports Business Insider. Shares of major airlines including American Airlines, United Airlines, and Delta Air Lines surged Monday. Still, total traffic through TSA checkpoints is down roughly 70% from a year ago.
On Friday, Goldman Sachs lifted its 2020 S&P 500 earnings-per-share estimate. The move comes after better-than-expected second-quarter results. Business Insider reports that Goldman expects 2020 S&P 500 EPS of $130, from $115. That's about 21% lower than 2019. Goldman also thinks S&P 500 earnings will surge 30%, to $170 per share in 2021. The estimate is tied to Goldman's economic growth outlook.
Camilla, Duchess of Cornwall has visited a Boots branch in Piccadilly, central London, to hear about a programme for domestic violence victims, 'Safe Spaces', run by the charity Hestia. The Duchess was seen sporting a face mask - a peacock printed cotton mask from Liberty London - for the first time during an official engagement. Report by Connerv. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn