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The Government of Ontario, Canadian Manufacturers & Exporters (CME), and BlackBerry Partner on Ontario's Economic Recovery

Ontario Made is a program managed by Canadian Manufacturers & Exporters (CME), in partnership with the Government of OntarioWATERLOO, Ontario, Oct. 14, 2020 /CNW/ — The Government of Ontario, Canadian Manufacturers & Exporters (CME), and BlackBerry Limited (NYSE: BB; TSX: BB), today announced a partnership to accelerate Ontario’s economic recovery, following the impact of the COVID-19 pandemic. …read more […]

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Some Good (and Profitable) News From the Death of Cash

The death of cash isn’t all bad.
We’re making some good money off the deal.
In late September, for instance, we told our Manward Letter readers to grab a stake in one of the most secure and private cryptocurrencies. We said as the government slaps back at currency competition, privacy will be a big concern.
The move is paying off.
After a memo from the fine folks at the Department of Justice that was quietly released on Sunday, our coin surged to start the week.
At the highs on Monday, we were up 40%… in just two weeks.
Privacy for Some
So what did the DOJ have …read more […]

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China Targets U.S. Buyers with $6 Billion Dollar Debt Sale

(Bloomberg) — China is pressing ahead with a dollar bond sale amid growing uncertainties over U.S. elections and tensions with Washington.For a fourth straight autumn, China is looking to sell dollar notes with three-year, five-year, 10-year and 30-year maturities Wednesday, according to people familiar with the matter who aren’t authorized to speak publicly. Some of the shorter-dated bonds have lower premiums than in 2019 during the initial marketing phase of the nation’s last dollar bond sale.The country’s Ministry of Finance is seeking to raise about $6 billion via the new notes, Bloomberg reported previously. The sale had attracted orders of …read more […]

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Ford Delays Escape Hybrid SUV Production To 2021 Over Fire Incidents With Related Model

Ford Motor Company (NYSE: F) is delaying the production of its Escape hybrid plug-in SUV to 2021 after similar vehicles were recalled in Europe due to adverse incidents with a similar model, Bloomberg reported Monday.What Happened: The hybrid vehicle’s production was slated to start in spring but was postponed to summer due to the COVID-19 pandemic. Now, the manufacturing is being moved to next year, according to Bloomberg.The postponement reportedly takes place as the Detroit-based automaker reviews its European model Kuga SUV, which shares parts with the Escape — including battery and engine.”We’re moving production to next year while …read more […]

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GameStop Shares Get Another Boost From Hedge Fund Stake After Microsoft Partnership

GameStop Corp (NYSE: GME) stock surged 5.89% in Tuesday’s after-market trading session. GME stock has risen 28% since last Wednesday, and its year-to-date gains are close to 88%.What Happened: On Tuesday, in a filing with the U.S. Securities and Exchange Commission, the company disclosed that Richard Mashaal’s hedge fund firm, Senvest Management LLC, purchased over 3.6 million common stock representing a 5.54% stake in GameStop last week.This followed the consumer electronics and gaming retailer entering into a multi-year partnership with tech giant Microsoft Corporation (NASDAQ: MSFT) last Thursday. Through the deal with Microsoft, GameStop hopes to improve customer experience by …read more […]

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Diamondback Provides Q3 Update, Affirms Guidance; RBC Bullish

Diamondback Energy (FANG) has provided an operational update for the third quarter of 2020- and reaffirmed guidance for the fourth quarter.The company announced production of 287.3 Mboe/d (170 Mb/d oil) in line with the Street Consensus 285 Mboe/d (171 Mb/d oil). Capital spending of $281 million was above the Street’s $245 million forecast. Accrual based capital spending was $206 million.Meanwhile realized prices (including hedge impacts) of $26.22/boe came in strong due to better natural gas liquids and natural gas price realizations.During the quarter, FANG drilled 32 gross operated horizontal wells and turned 41 wells to production in the third quarter. …read more […]

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Ford Delays Launch Of Escape Plug-In Hybrid To 2021- Report

Ford (F) is delaying the launch of its plug-in hybrid Escape sport-utility vehicle to 2021, reports Bloomberg. The publisher noted that thousands of similar Kuga SUVs have been recalled in Europe due to fire-related recharging problems.“We’re moving production to next year while we investigate what happened to the Kuga in Europe,” Mike Levine, a company spokesman, told Bloomberg. “None have been sold in the U.S.”According to the publisher, the Escape plug-in hybrid should have gone into production this past spring but this was postponed to summer after factories were closed for two months due to the coronavirus pandemic.The timeline has …read more […]

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ASML held back by stalled sales of big earning tools

Semiconductor equipment maker ASML Holding NV sounded a note of caution over sales of its newest tools worth $200 million apiece on Wednesday, as it delivered better-than-expected earnings and forecast double-digit growth next year. ASML is depending on the likes of chipmakers Taiwan Semiconductor Manufacturing Co Ltd , Samsung Electronics Co Ltd and Intel Corp to sell its most advanced “EUV” or extreme ultraviolet, machines, which use energy beams to map out circuitry of computer chips. Intel said in July it was six months behind on plans to make its next generation of chips. …read more […]