Month: August 2020

LAVAL, QC, Aug. 6, 2020 /CNW/ — * Second-Quarter 2020 Financial Results * Revenues of $1. …read more […]

Stocks are soaring.
And the number of big-name investors who are seeing things as we do is getting longer by the day.
Earlier this week, former Fed insider Ed Yardeni commented on his former employer’s actions. The recent moves by Jay Powell and the Fed will have a big effect on the markets, he said.
Most notably, their fight against deflation would be “wildly bullish” for things like growth stocks and gold.
It makes us wonder whether he read Monday’s column, where we ended on the same note.
“Buy gold,” we said. “Buy stocks,” we begged.
How-To
But what stocks to buy?
We’ll tell you the same …read more […]

dollars and in accordance with IFRS.MONTREAL, Aug. …read more […]

After COVID-19 forced Disney to delay the theatrical release of the live-action movie for months, the company has finally decided to release ‘Mulan’ on its streaming service Disney+. …read more […]

…read more […]

Israel’s Wix.com, which helps small businesses build and operate websites, swung to a loss in the second quarter as it ploughed investments into marketing to meet the demands of new customers during the COVID-19 pandemic. The company on Thursday reported a quarterly net loss excluding one-time items of 26 cents per share, compared with a profit of 34 cents per share a year earlier. The result fell short of analyst estimates – according to I/B/E/S data from Refinitiv Wix was expected to earn 24 cents a share ex-items on revenue of $233 million, partly due to a doubling …read more […]

The dollar’s supremacy of well over two years has turned sharply and the current downward trend will continue into next year on expectations the U.S. economic recovery is flagging, especially compared to Europe, buttressing the euro, a Reuters poll showed. A surge in coronavirus cases across several U.S. states and some data pointing to an economic recovery losing steam pushed the dollar index down 4.1% in July, its biggest monthly percentage fall in a decade. …read more […]

Shenzhen Kangtai Biological Products will produce AstraZeneca Plc’s potential COVID-19 vaccine in mainland China, the British drugmaker said on Thursday, its first deal to supply one of the world’s most populous countries. To meet market demand in China, Shenzhen Kangtai will ensure it has annual production capacity of at least 100 million doses of the experimental shot AZD1222, which AstraZeneca co-developed with researchers at Oxford University, by the end of this year, AstraZeneca said. It must have capacity to produce at least 200 million doses by the end of next year as part of the exclusive framework agreement, …read more […]

(Bloomberg) — Deutsche Lufthansa AG warned that compulsory dismissals are likely in Germany amid slow progress in talks with unions, stiffening its tone as the carrier braces for years of reduced demand.Europe’s biggest airline posted an adjusted operating loss of 1.7 billion euros ($2 billion) in the second quarter, wrapping up a dismal set of results for European carriers after the coronavirus grounded virtually all passenger flights.Lufthansa has set a goal of slashing headcount by about 22,000 as it trims its fleet by at least 100 planes to clamp down on expenses and pay back some 9 billion euros in …read more […]

BigCommerce Holdings Inc (NASDAQ: BIGC) shares skyrocketed on the first day of trading at Nasdaq Stock Market on Wednesday.What Happened The Austin, Texas-based company’s shares opened at $68, and soared as much as 292% to $93.99 in intraday trading, on its debut.Trading had to be halted due to volatility when shares skyrocketed to $79.40 within three minutes of open, and another time when the stock surged to $91.80 a share, Business Insider reported.BigCommerce raised $216 million in its initial public offering on Tuesday, pricing its shares at $24 each. The e-commerce software-as-a-service provider sold 6.85 millon shares, while other stakeholders …read more […]

The head of the U.S. House Financial Services Committee and other top Democratic lawmakers on Wednesday asked federal regulators to investigate securities transactions made by Eastman Kodak and its executives around the time it learned it could receive a $765 million government loan. Representative Maxine Waters, who chairs the committee, and the other lawmakers said they had “serious concerns” about the transactions and asked the Securities and Exchange Commission to investigate the circumstances surrounding the matter. Kodak shares surged more than 1,000% last week after the loan was announced, generating a windfall for executives, some of whom had …read more […]

…read more […]

(Bloomberg) — The most successful way to be a gold producer may be to not operate any mines.At least, that’s the business model of DRDGold Ltd., the best-performing stock on the MSCI ACWI Select Gold Miners Investable Market Index this year. The company, which specializes in recovering gold from mine dumps in and around Johannesburg, has surged 277% in 2020, also making it the biggest gainer on South Africa’s FTSE/JSE Africa all share benchmark.“Everybody is flocking to the arms of gold,” Niel Pretorius, chief executive officer of DRDGold, said in an interview on Tuesday. “And because our company does provide …read more […]

(Bloomberg) — Investors should consider the risk of a successful coronavirus vaccine unsettling markets by sparking a sell-off in bonds and rotation out of technology into cyclical stocks, warned Goldman Sachs Group Inc.The increased probability of an approved vaccine by the end of November is underpriced by equity markets and by that time the result of the U.S. election will be known, wrote strategists including Kamakshya Trivedi in a note Wednesday. Investors will also know how the start of the school year will have impacted the spread of the coronavirus, they said.Approval of a vaccine could “challenge market assumptions both …read more […]

U.S. regulatory officials may still need to issue another environmental assessment for DAPL before deciding if the 570,000-barrel-per-day oil pipeline can keep operating, the U.S. Court of Appeals for the District of Columbia said. In July, the U.S. District Court for the District of Columbia ruled the U.S. Army Corps of Engineers violated federal environmental law when it granted an easement to Energy Transfer LP to construct and operate a portion of the pipeline beneath South Dakota’s Lake Oahe, a crucial drinking-water source for the Standing Rock Sioux tribe. …read more […]