Zoom, Slack, CrowdStrike, Broadcom, Gap and other companies report earnings this week. Plus, jobs Friday and an ECB monetary policy decision.
The details of the reopening of the world's most visited theme park resort aren't pretty, but there's still time to turn dust into pixie dust.
SHARBOT LAKE, ON , May 31, 2020 Frontenac Mortgage Investment Corporation ("FMIC") announced today that it had obtained a receipt for its initial long form prospectus on Form 41-101F1, dated May 26, 2020 (the "Corporate Prospectus") relating to the continuous monthly offering of its common shares. The receipt for the Corporate Prospectus constitutes the completion of FMIC's transition (the "Transition") from being an investment fund, as it had been since its initial investment fund prospectus in 2005, to being a corporate issuer. The Transition, including the reasons for it, is described in the Corporate Prospectus and has been disclosed in FMIC's prospectuses since 2014.
Target takes steps to protect its workers and shoppers during the civil unrest sweeping the United States.
Travelers are rethinking their theme-park getaways as Disney eliminates some of its most popular perks for when Walt Disney World resumes operations.
Russia has no objection to the next meeting of OPEC and its allies, known as OPEC+, being brought forward to June 4 from the following week, three OPEC+ sources familiar with the meeting's preparations told Reuters on Sunday. Algeria, which currently holds the presidency of the the Organization of the Petroleum Exporting Countries (OPEC), has proposed the meeting planned for June 9-10 be brought forward to facilitate oil sales for countries such as Saudi Arabia, Iraq and Kuwait. The lack of Russian opposition to an earlier date could indicate that it is moving closer to an agreement with OPEC's de facto leader, Saudi Arabia, on how to extend oil production cuts for the rest of the year.
Economic impact payments would cover less than half of the average family’s monthly expenses, a new study found.
Amid the coronavirus pandemic, many companies want their employees to work from home. Here's some tips for those online team meetings that lie ahead.
Lear Corp is implementing costly safety measures that may hurt productivity at its operations in Mexico after suffering the deadliest known factory-related coronavirus outbreak in the Americas, but the U.S. auto parts maker still faces a battle to win back workers' trust. The northern Mexican border city of Ciudad Juarez remains in the throes of the pandemic as it mourns the deaths of numerous factory workers, including 20 from Lear's Rio Bravo plant, which makes trim seat covers for Mercedes-Benz and Ford. "I don't think you'll find anyone who says they're not scared," Alma Sonia Trevizo, an employee at the Rio Bravo plant, told Reuters while on a break from safety training ahead of its planned June 1 partial restart.
Protesters demonstrating against the death of George Floyd, a black man who pleaded for air as a white police officer pressed his knee on his neck, targeted Confederate monuments in multiple cities.
Vancouver, British Columbia--(Newsfile Corp. - May 31, 2020) - NetCents Technology Inc. (CSE: NC) (FSE: 26N) (OTCQB: NTTCF) ("NetCents" or the "Company"), a disruptive cryptocurrency payments technologies company, is pleased to provide an update regarding the audit.The Company has been granted an additional ten (10) day extension to provide the audited financials for the following reasons:Due to the exponential increase in volume of transactions within the NetCents platform, the auditors can no longer take the substantive ...
Stocks jumped last week, as investors celebrated the resumption of more normal activity across big parts of the economy. Both the Dow Jones Industrial Average (DJINDICES: ^DJI) and the S&P 500 (SNPINDEX: ^GSPC) gained over 3%, which put the S&P at just a 6% decline so far in 2020, while the Dow is lower by 11%. A few big-name stocks will announce earnings results over the next few trading days, including Ambarella (NASDAQ: AMBA), Slack Technologies (NYSE: WORK), and Zoom Video Communications (NASDAQ: ZM).
China’s Tencent Holdings Ltd. (TCEHY), the world’s largest online gaming company, is in talks to invest $200 million in Warner Music Group, according to a Wall Street Journal report.The move comes ahead of the record company’s initial public offering slated for the coming week. Tencent is among a number of other potential institutions that could serve as anchor investors, to help shore up more than $1 billion toward a fundraising goal of as much as $1.8 billion. The offering is expected to value Warner Music at $11.7 billion to $13.3 billion.Warner Music is planning to price its IPO on June 2 and it should start trading the following day on Nasdaq.Last week, Tencent announced a five-year plan to invest 500 billion yuan ($70 billion) in technology infrastructure. The investment will focus on cloud computing, artificial intelligence and cybersecurity, as well as blockchain, servers, big data centers, supercomputer centers, internet of things operating systems, 5G networks and quantum computing.Tencent shares have soared 28% since mid-March as stay-at-home orders boosted demand for its online gaming products. The stock advanced 4% to $54.32 on Friday.Five-star analyst Jason Helfstein at Oppenheimer who has a Buy rating on the company with a $58 price target believes that despite being the world’s largest online gaming company, Tencent continues to take market share due to innovation.“There is still ample runway for its burgeoning advertising business with the largest online audience in China,” Helfstein wrote in a note to investors. “We see great potential in the company’s new initiatives: mini programs, cloud, and video. The success of any of these would add significant value to the company’s overall ecosystem.”Notably all six analysts covering Tencent stock are bullish on its outlook, giving it a firm Strong Buy consensus. Meanwhile the $60.50 average analyst price target indicates 11% upside potential from current levels. (See Tencent Holdings stock analysis on TipRanks).Related News: China’s Tencent To Pour $70B Into ‘New Infrastructure’ Including AI Alibaba Scores Earnings Beat With Revenue Surging 22% Y/Y Facebook Workplace Hits 5 Million Paid Users As Remote Work Demand Rises More recent articles from Smarter Analyst: * Quest’s Covid-19 Self-Collection Test Kit Gets FDA Nod For Emergency Use * Hewlett Packard Secures New $1 Billion Credit Facility * Minerva Shares Tank 72% As Schizophrenia Drug Misses Trial Goals * Beyond Meat Teams Up With KFC, Pizza Hut In China
• (AMZN) is altering its operations in a “handful of cities,” as protesters continue to demonstrate against police violence across the country, Bloomberg reported. The online retailer is reducing deliveries and shipping routes in cities such as Chicago, Los Angeles and Portland. “We are a community in pain,” Chairman and CEO Brian Cornell said in a statement.
A machete-wielding man in Dallas was brutally beaten by rioters on Saturday night after police said he was allegedly trying to "protect his neighborhood from protesters."
Academy Award-nominated producer Jason Blum is the modern horror genre's most successful and prolific filmmaker, with his eponymous Blumhouse Productions having launched the highly profitable "Insidious," "Paranormal Activity," and "The Purge" movie franchises, not to mention ludicrously lucrative standalone thrillers like "Whiplash," "Sinister," and the 2018 remake of "Halloween." Just two of his films alone […]
The White House announced a so-called phot lid for Sunday, ending speculation President Donald Trump may speak to the national about the unrest over the weekend sparked by the death of George Floyd while in police custody.