Month: October 2020

Newsmakers

Empower Clinics (OTC: CBDT) Enters Canadian Market with Proposed Acquisition That Includes 6 Clinics and Incentives to Open Additional 30 Clinics and Announces Private Placement of Up to $1.1 Million

October 21, 2020 admin Comments Off on Empower Clinics (OTC: CBDT) Enters Canadian Market with Proposed Acquisition That Includes 6 Clinics and Incentives to Open Additional 30 Clinics and Announces Private Placement of Up to $1.1 Million

Acquisition Expands Company’s North American Footprint And Strengthens Vertical Integration From Patients To Laboratory VANCOUVER, BC / ACCESSWIRE / October 21, 2020 / Empower Clinics (CSE:CBDT)(OTC PINK:EPWCF)(FRA:8EC) (the “Company” or “Empower“), a vertically integrated health and […]

Newsmakers

CloudMD (OTC: DOCRF) to Acquire the Largest Medical Directory in Canada with Robust, Up-to-Date, Information on 91,000 Practicing Physicians and 10,000 Residents and Nurse Practitioners

October 21, 2020 admin Comments Off on CloudMD (OTC: DOCRF) to Acquire the Largest Medical Directory in Canada with Robust, Up-to-Date, Information on 91,000 Practicing Physicians and 10,000 Residents and Nurse Practitioners

Canadian Medical Directory is the largest directory of trusted, highly-segmented information on doctors and medical professionals Highly complementary for CloudMD to integrate, optimize and cross sell its suite of products including Juno EMR, iMD Health and Snapclarity 100% SaaS based, high margin, revenue model with significant opportunities to […]

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Trading Ideas

Snap Stock Soars Over 20% After Huge Q3 Revenue Beat, Snapchat Gain of 11 Million Daily Users

October 21, 2020 admin Comments Off on Snap Stock Soars Over 20% After Huge Q3 Revenue Beat, Snapchat Gain of 11 Million Daily Users

Snap posted Snapchat’s highest daily active user growth rate since 2017 and significantly topped Wall Street revenue expectations for the third quarter of 2020. On the stellar results, investors rallied behind the stock — which rocketed up more than 20% in early trading Wednesday to new all-time highs. Shortly after the market open, Snap shares […] …read more […]

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Morgan Stanley Sounds the WFH Conduct Alarm

October 21, 2020 admin Comments Off on Morgan Stanley Sounds the WFH Conduct Alarm

(Bloomberg Opinion) — Wall Street used to worry that business would be severely impaired if employees ever lost access to their office and the high-tech workstations on which they depend. The Covid-19 pandemic changed all that. In this year’s grand working-from-home experiment, traders did just fine: They connected from remote locations and minted billions of dollars in revenue, allowing their firms to post record trading profits.Unfortunately, we’re starting to see that the big investment banks may have been less effective in policing staff behavior recently.Two of Morgan Stanley’s most senior trading bosses are leaving after the company discovered the use …read more […]

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Verizon adds more-than-expected monthly phone subscribers

October 21, 2020 admin Comments Off on Verizon adds more-than-expected monthly phone subscribers

Net income fell to $1.05 per share in the third quarter from $1.25 per share a year earlier, with about 5 cents of COVID-19-related net impacts, Verizon said. Total operating revenue for the wireless carrier fell 4.1% to $31.5 billion from a year earlier, hurt by lower customer activity and the timing of certain device launches. …read more […]

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U.S. investment bankers' new pitch: Biden's tax hike

October 21, 2020 admin Comments Off on U.S. investment bankers' new pitch: Biden's tax hike

Biden has proposed raising the capital gains tax rate from 20% to 39.6% for those making over $1 million. Biden would have to win the presidency and his Democratic Party would have to gain control of the Senate and keep control of the House of Representatives in the Nov. 3 election for his tax proposals to become law. The Biden campaign did not immediately respond to a request for comment. …read more […]

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U.S. banks sweat regulatory exposure from pandemic loans

October 21, 2020 admin Comments Off on U.S. banks sweat regulatory exposure from pandemic loans

Banks that facilitated the U.S. government’s Paycheck Protection Program at first saw the effort as a small revenue booster with a patriotic bonus, shepherding $525 billion in loans to businesses slammed by the fallout of the COVID-19 pandemic. “The sense of anxiety is high,” said Vivian Merker, a management consultant to financial services firms at Oliver Wyman in New York. “They are gearing up for years of requests from regulators and there’s still reputational risk from PPP fraud even if they did all the right things to follow program rules.” …read more […]

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Gold to march higher but record-breaking rally will slow: Reuters poll

October 21, 2020 admin Comments Off on Gold to march higher but record-breaking rally will slow: Reuters poll

Gold will average less than $2,000 dollars an ounce next year, a Reuters poll showed, as a record-breaking rally slows, although prices are still expected to touch new highs. Gold hit an all-time peak of $2,072.50 an ounce in August from around $1,300 in mid-2019, its fastest rally since the aftermath of the financial crisis a decade ago. The rally was driven by central banks responding to economic slowdown and the new coronavirus by cutting interest rates and pumping money into markets, which boosted gold by lowering returns on bonds and raising the threat of inflation. …read more […]