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Blackout Hits Cancun After Delta Roars Ashore: Hurricane Update

(Bloomberg) — Hurricane Delta barreled across Mexico’s Yucatan Peninsula, slamming the resort areas of Cancun and Cozumel with strong winds and a dangerous storm surge, knocking out power and threatening to inflict as much as $7 billion in damage and losses.Delta threatens to become the latest in a string of deadly natural disasters in 2020, a year that has been marked by a hyperactive hurricane season, devastating wildfires and a derecho that wreaked havoc across the U.S. Midwest. They’re further evidence that the Earth’s climate is changing, bringing hotter temperatures, stronger storms and more widespread destruction.Though Delta has weakened to …read more […]

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Robinhood App Review: Fantastic No-Frills Option for Trading

I’ll make no bones about it: I’m a fan of Robinhood. And I don’t mean just the legendary bow-and-arrow adventurer. I mean the trading platform that has caught major fire with traders the last few years. So, you could say this Robinhood app review is already coming from a place of bias since I’m already a devotee.
Nevertheless, I’m going to share with you all the reasons it’s a great app for trading stocks and some reasons why it may not the right choice for you. It certainly has some limitations, but on the whole, you may find it more than …read more […]

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Boeing shakes up new operations group amid COVID crisis: memos

Boeing Co is overhauling its newly formed “Enterprise Operations” organization after just six months as it looks to cut costs and repair a crisis-weakened supply chain, according to internal memos and a person familiar with the strategy. The restructuring, which took effect on Friday, and other linked efforts like moving 787 assembly outside Washington state, are key pieces of Boeing’s broader strategy for surviving an industry-wide crisis fueled by the coronavirus downturn. Taken overall, Boeing’s steps to cut costs, while making factories more efficient in preparation for a rebound in the global jet market, are among the …read more […]

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Wells Fargo: These 3 “Strong Buy” Stocks Have Over 70% Upside Potential

Markets are on a roller coaster lately, up one day and down the next, as Wall Street’s pros and investors alike try to make sense of the constantly shifting news cycle. To wit: In the first week of October, we’ve seen a pretty good September jobs report, President Trump spend three days at Walter Reed Hospital with a case of COVID-19, and on his discharge the President withdrew from negotiations with House Democrats on a new COVID economic stimulus package. It’s enough to make your head spin.It’s also enough to send the S&P up 60 points one day and down …read more […]

Newsmakers

Empower Clinics (OTC: EPWCF) (CSE: CBDT) New Medical Laboratory Commences COVID-19 RT-PCR Tests for Disney Production

Agreement demonstrates ability of newly acquired, state-of-the-art diagnostics laboratory to advance Empower COVID-19 national testing programs for enterprise clients, including movie and television studios, businesses and colleges VANCOUVER BC / October 7, 2020 / EMPOWER […]

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Service Properties Trust to End Marriott Pacts, Sell Hotels

(Bloomberg) — Service Properties Trust is moving to cancel management contracts with Marriott International Inc. covering 122 hotels and is selling two dozen of the properties for $153 million.The Newton, Massachusetts-based real estate investment trust is also set to transfer branding and management of 98 Marriott-branded hotels to Sonesta International Hotels Corp. after Marriott missed payments due Monday.Lodging companies have been trimming expenses as the industry grapples with a collapse of travel that has left hotels largely empty. For Service Properties, which owns a 34% stake in Sonesta, nixing the agreements with Marriott allows it to expand the lodging brand …read more […]