The country’s second largest city is scrambling to figure out ways to pay their existing employees and retrain prospective employees to fuel the labor market. …read more […]
Samsung has debuted three new flagship smartphones with 5G connectivity and major camera changes. …read more […]
The Wuhan coronavirus death toll continues to be a serious concern.
The first fatality was reported on January 9.
But as of Monday morning, more than 40,000 people had been infected and 910 people worldwide had died. And that’s since the outbreak began in December.
The Wuhan coronavirus outbreak is now deadlier and more widespread than the SARS outbreak from November 2002 to July 2003.
But a couple of weeks ago, I warned investors not to get caught up in the pandemic panic.
And that there was a profitable trend we need to remember… The market anxiety over epidemics is short-lived.
Almost always, the first …read more […]
German automakers Volkswagen and Daimler have launched a study to push for more “sustainable” lithium mining in Chile, according to lobbyist filings reviewed by Reuters, a sign of growing supply chain concerns ahead of an expected electric vehicle boom. Chile’s Atacama salt flat is by far the biggest source of supply of the ultralight battery metal in South America’s so-called “lithium triangle.” The region, whose fragile ecosystem relie
Restaurant Brands International Inc. (NYSE: QSR) reported earnings yesterday morning on February 10th, topping analysts’ expectations. As a result, Restaurant Brands International (RBI) stock popped up briefly from a $63.84 close on Friday to $65.91 at 10:00 A.M. before dropping back down to trade around $64 in the late morning.
It closed on the day at $65.68 and opened today at $65.80.
Restaurant Brands International Fourth Quarter Results
The company reported quarterly sales growth of 9.9% in 2019 Q4. This was largely driven by 42% growth in sales from subsidiary restaurant unit Popeyes. The popularity of its previously viral new chicken sandwich was …read more […]
While the cannabis market enters 2020 with tons of promise, the year is turning into one of whether companies can operate within the current scope of the market. Aurora Cannabis (ACB) is no exception with the September quarter producing a C$40 million EBITDA loss and the near-term revenue boosts highly in doubt. In response, the company cut costs via restructuring and the CEO retired in order to generate a path towards EBITDA profits.With at least 1.2 billion shares outstanding, the stock has a market value of ~$1.84 billion. The guidance for quarterly revenues of only C$64 million isn’t going to …read more […]
Home rentals giant Airbnb Inc swung to a loss for the first nine months of last year as costs climbed sharply, The Wall Street Journal reported https://www.wsj.com/articles/airbnb-swings-to-a-loss-as-costs-climb-ahead-of-ipo-11581443123?mod=searchresults&page=1&pos=1 on Tuesday, citing people close to the company.
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to… …read more […]
Wells Fargo & Co Chief Executive Charles Scharf announced his first major reshuffle on Tuesday, promoting several executives to new roles while also tapping a JPMorgan veteran to head consumer lending.
This veteran trader thinks the markets badly wants to see President Trump re-elected. …read more […]
PayPal Holdings Inc is teaming up with criminologists and experts at several universities to probe the payment systems used in the trafficking of illegal firearms in the United States, the company said on Tuesday.
The Federal Trade Commission has issued special orders to five big tech companies – Alphabet Inc’s Google unit, Amazon.com Inc , Apple Inc , Facebook Inc and Microsoft Corp – to provide information about mergers too small to report to antitrust agencies, the agency said on Tuesday.
U.S. Representative Warren Davidson of the House Committee on Financial Services questions Fed Chair Jerome Powell on Capitol Hill. Rep. Davidson calls the backlash against Powell attending a party at Amazon CEO Jeff Bezos’ house “embarrassingly partisan”. …read more […]
Lawmakers from German Chancellor Angela Merkel’s ruling conservatives have backed a position paper on 5G mobile networks that recommends tougher rules on foreign vendors while stopping short of banning China’s Huawei [HWT.UL], sources said.
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