Month: October 2020

(Bloomberg) — AMC Entertainment Holdings Inc.’s chief executive officer says the cinema chain is doing everything it can to raise fresh cash to weather the Covid-19 pandemic and isn’t considering bankruptcy at the moment. The shares fell more than 20% in New York trading.“We’re going to throw all of our efforts now into raising additional capital, primarily equity, to lengthen our runway even more,” CEO Adam Aron said late Tuesday in an interview with Bloomberg News. “We’d like to succeed in this effort. If we don’t, obviously we’ll have to consider other options down the road. But that time has …read more […]

(Bloomberg) — Wells Fargo & Co. profit slumped 56% as Chief Executive Officer Charlie Scharf took charges to address old scandals and begin his job-cutting push.The bank posted a surprise increase in third-quarter expenses as it set aside almost $1 billion for customer remediation and $718 million in restructuring charges. That countered loan-loss provisions that came in at less than half what analysts had expected.In his first year atop Wells Fargo, Scharf has been working to move the firm past a series of scandals. He’s charged with making harmed customers whole, repairing relations in Washington and improving earnings. He’s repeatedly …read more […]

(Bloomberg) — Bank of America Corp.’s traders didn’t seize on the markets boon that lifted rival banks in the third quarter.Revenue from trading rose 3.6% to $3.34 billion, falling short of the $3.5 billion that analysts had forecast. While JPMorgan Chase & Co. and Citigroup Inc. each posted jumps of at least 17% at their trading desks, Bank of America’s small increase wasn’t enough to boost overall revenue as the bank’s consumer unit saw a 17% slide.Wall Street trading desks have benefited from active markets during the pandemic, and those results have propped up lending units that are grappling with …read more […]

We feel now is a pretty good time to analyse Heron Therapeutics, Inc.’s (NASDAQ:HRTX) business as it appears the… …read more […]

WESTFORD, Mass., Oct. …read more […]

The U.S. Department of Justice’s cryptocurrency enforcement framework is a warning shot to exchanges worldwide: Comply with U.S. law or face the potential wrath of the federal government. …read more […]

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 […]

Goldman Sachs posted third-quarter earnings on Wednesday that blew away Wall Street’s estimates. …read more […]

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We feel now is a pretty good time to analyse CEL-SCI Corporation’s (NYSEMKT:CVM) business as it appears the company… …read more […]

We’ve lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. On… …read more […]

VANCOUVER, BC and ERIE, Pa., Oct. …read more […]

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 […]