Newsmakers

Empower Clinics (OTC: EPWCF) (CSE: CBDT) Kai Medical Laboratory Achieves Record Testing Volume Month in October and Signs Numerous New Contracts

Kai Medical Laboratory, a state-of-the-art diagnostics laboratory in Dallas, was acquired by Empower Clinics on October 6, 2020 to further advance the Company’s COVID-19 national testing programs for enterprise clients, including movie and television studios, […]

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Number of ‘tech giants’ will double in five years: LinkedIn co-founder Reid Hoffman

LinkedIn co-founder and and top Democratic donor Reid Hoffman cautioned against the breakup of tech giants that help propel the U.S. economy, instead predicting that the number of tech giants will soon double without intervention from the federal government. …read more […]

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Markets Are Already Pricing Successful Moderna Vaccine Shot

(Bloomberg) — The stakes are high for the results of Moderna Inc.’s coming Covid-19 vaccine trial. But as far as investors are concerned, the impact may already be in the price of financial assets.The bar was raised for markets to rally following an announcement by Pfizer Inc. that its vaccine protected 90% of Covid-19 cases in a study, investors and strategists said. Moderna’s version, which uses similar experimental messenger RNA technology, is due to report results imminently.The success of Pfizer’s trial has “some spillover” to Moderna because of its technological similarities, said Feifei Li, head of equities at Research Affiliates …read more […]

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Harnessing the Flux: Trading Volatility with Options

Many investors shutter at the thought of volatility. But for day and swing traders, price swings are like fuel. And it’s not just short-term traders that can benefit. With a little know-how, it’s possible to supplement your income trading volatility with options.

Let’s start with the basics. When it comes to options, there are two types of volatility: historical and implied. Historical volatility is a measurement of how much the price of a given security has moved in the past. Implied volatility measures how big the price movements are expected to be in the future.
Implied volatility considers past price fluctuations as …read more […]

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DraftKings Jumps After Raising 2020 Revenue Forecast

(Bloomberg) — DraftKings Inc. surged as much as 8.4% in early trading after raising its 2020 revenue forecast, an indication that the rise of sports betting shows no signs of slowing.The Boston-based company expects revenue in a range of $540 million to $560 million, excluding some items, up from its previous forecast range of $500 million to $540 million, it said in a statement Friday. That would mean year-over-year revenue growth of 25% to 30%.DraftKings said its forecast assumes all announced sports calendars are maintained through the end of the year — and that’s not a sure thing, with coronavirus …read more […]