Month: November 2020

(Bloomberg Opinion) — Jack Ma was right: You can’t use rules for a railway station to run an airport. Or, regulate a cutting-edge online lending platform like a traditional bank.Chinese authorities effectively took the founder of e-commerce behemoth Alibaba Group Holding Ltd. to task for such views by suspending the $35 billion initial public offering of its fintech offspring, Ant Group Co., just before the scheduled launch. The move follows the release of new draft regulations on increasingly popular online consumer lending that will squeeze profits and raise the cost of compliance for fintech pioneers.The measures essentially put the up-and-comers …read more […]

Solid results continue to demonstrate the Company’s resilienceAll financial figures are in Canadian dollars unless otherwise noted. This news release refers to certain financial measures that are not defined by Generally Accepted Accounting Principles (“GAAP”), including net revenue, adjusted earnings before interest, taxes, depreciation and amortization (“adjusted EBITDA”), cash flow from operating activities per common share, adjusted cash flow from operating activities and adjusted cash flow from operating activities per common share. …read more […]

DUBLIN, Nov. 5, 2020 /CNW/ — Endo International plc (NASDAQ: ENDP) today reported financial results for the third-quarter ended September 30, 2020. …read more […]

COVID-19 is changing the way Americans eat.
Before the pandemic, Americans spent more of their food budgets on away-from-home dining than on food retail.
(Food retail comprises all non-restaurant food purchased at a location and consumed off premises, such as food from grocery stores and convenience stores.)
In 2018, U.S. consumers spent $931 billion on away-from-home dining. And 73% of that went to restaurants. That was up almost 30% from the decade before.
But quarantine lockdowns have shifted that trend. As you can see below, more than 40% of shoppers say they are cooking more meals at home than they were pre-pandemic.

In March, “monthly …read more […]

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The race to be first to market with a Covid-19 vaccine is already in advanced stages with several names deep into their candidates’ Phase 3 trials.While several “big pharma” representatives are among the leading pack, the coronavirus has also provided several small cap biotechs a platform on which to gain traction.A latecomer to the race is VBI Vaccines (VBIV). The company certainly won’t make it across the finish line first, but as the pandemic evolves, could have a role to play further down the line.VBI recently secured $42 million in funding from the Canadian government to advance development of its …read more […]

Record Annual Recurring Revenues (ARR) and Cloud Revenue, Announces 15% Dividend IncreaseWATERLOO, ON, Nov. 5, 2020 /CNW/ –First Quarter HighlightsTotal Revenues(in millions) Annual Recurring Revenues(in millions) Cloud Revenues(in millions) ReportedConstant Currency ReportedConstant Currency ReportedConstant Currency $804. …read more […]

Most Americans still manage their finances using brick-and-mortar banks, brokerages, and insurance companies.
But so-called “fintech” companies are slowly chipping away at these traditional businesses. Soon even your local bank branch and ATM may be relics of the past.
“Fintech” is short for the “financial technology” sector. It consists mostly of startups that have developed digital technologies to provide cheaper and faster financial services to tech-savvy consumers.
Fintech services include payment processing, online and mobile banking, online and peer-to-peer (P2P) lending, and even brokerages like Robinhood.
Fintech is still a small part of the overall global banking and financial sector. But it is snowballing. …read more […]

State and local cases against Trump will get a boost. But don’t expect a Biden administration to prosecute Trump soon–or ever. …read more […]

(Bloomberg Opinion) — Nov. 3 was a sad, sad day for China. Not because America’s election changes anything about its hawkish stance toward Beijing — that’s bipartisan — but because China lost a golden investment opportunity by shooting itself in the foot. Looking purely at the numbers, China is in a sweet spot right now. Its bonds are attractive, as the yield differential with U.S. Treasuries hovers near a five-year high. Beijing’s virus-containment strategy is working, and the economy has bounced back. Meanwhile, President Xi Jinping’s latest five-year economic blueprint, which favors innovation and domestic consumption, is a win for …read more […]

The Department of Labor will release its weekly report on new jobless claims Thursday morning at 8:30 a.m. ET. …read more […]

Uber reported its Q3 2020 earnings after the bell on Thursday, beating analysts’ expectations for the quarter. …read more […]

(Bloomberg) — Cannabis companies rallied on Thursday, reversing a slump the day before, on renewed optimism over the lifting of restrictions on marijuana sales in five states this week.Stocks moves gathered steam in the afternoon session after New York State’s governor Andrew Cuomo told a local radio station that New York State would look to legalize recreational pot next year. The nation’s fourth most populous state was on track to legalize this year before Cuomo scuttled plans in March.Aurora Cannabis Inc., Tilray Inc. and Aphria Inc. led the advance, with double-digit gains. Aurora’s stock rose as much as 40%, while …read more […]

Voters in Arizona, Montana, New Jersey, South Dakota, and Mississippi approved to relax marijuana laws on Tuesday. Curaleaf CEO Joe Lusardi joins Yahoo Finance’s Zack Guzman to discuss why more states are looking to legalize recreational marijuana and weigh in on the outlook for the cannabis industry. …read more […]

In this latest stock market and period of new IPOs, there are a lot of people on the Street clamoring about where a stock is selling, or its “multiple.” The reference is to the P/E ratio. While it’s one of the oldest and most frequently used metrics, it can also get you into some trouble if taken out of context.
In this article, we will define the P/E ratio, explain what it is and how you should use it. Although it can reveal important information about a company, it’s also important to understand its limitations when evaluating a company.

What Is …read more […]