Stock Market

The COVID-19 pandemic is currently on the rise and is having devastating impacts in parts of Asia. In response to this crisis, Manulife Financial Corp (MFC) is donating C$250,000 to renowned global health and humanitarian relief organization Project HOPE. This contribution will provide essential supplies for health care facilities in India and regions in Asia

A customer walks towards the entrance of a CVS Health Corp. store in downtown Los Angeles, California, U.S., on Friday, Oct. 27, 2017. Christopher Lee | Bloomberg | Getty Images Check out the companies making headlines in midday trading. U.S. Steel — Bucking declines in the broader market, shares of U.S. Steel rose 5.8% in

Dell (DELL) has reached an agreement to sell Boomi, its cloud-based integration platform as a service (iPaaS). Francisco Partners and TPG Capital have agreed to pay $4 billion in cash to acquire the unit, which has flourished since Dell acquired it in 2010. Dell is offloading Boomi, having grown it to a customer base of

The Wall Street Bull, located in the financial district of New York City. Mike Roy | MCT | Tribune News Service | Getty Images The “sell in May, and go away” strategy isn’t getting much love on Wall Street this year. Market pros acknowledge that history clearly shows the market’s strongest six-month period is November

by Michael Snyder Do any of you remember when you could buy an entire house for $35,000?  There was a time in America when middle class Americans could buy a house and have it paid off in just a few years.  But now existing home prices have soared into the stratosphere, and lumber prices are

Maxar Technologies (MAXR) reported first-quarter revenue and EPS worse than what analysts expected. The provider of earth intelligence and space infrastructure solutions’ revenue came in at $392 million for the quarter ended March 31. This represents an increase of 2.9% in revenue from $381 million in the prior-year quarter, but it missed the consensus estimate

It’s official, inflation is now deeply embedded in the financial system. You see, inflation arrives in stages. It’s not as though it appears overnight and suddenly the cost of everything rises. Instead, inflation slowly works its way into the financial system in phases. Phase 1: Raw materials Phase 2: Factory gate prices Phase 3: Retail prices The

In this article MOS XPO FDS NA-CA Check out the companies making headlines after the bell on Monday: Mosaic — Shares of the fertilizer maker dipped more than 3% in extended trading after the company’s first-quarter results were released. Mosaic earned 57 cents per share excluding items on $2.3 billion in revenue. Analysts surveyed by

After Tilray’s (TLRY) shareholders voted in favor of the proposed merger Aphria (APHA) last Friday, the two cannabis companies announced today the completion of the transaction. The combined company, which will operate under the Tilray name, will be the world’s largest cannabis company, with a market capitalization of approximately $8.2 billion. The combination of Aphria

A general view of the Draft Kings sign on the right field wall during the Major League Baseball game between the Philadelphia Phillies and the Toronto Blue Jays on September 20, 2020 at Citizens Bank Park in Philadelphia, PA. Rich Graessle | Icon Sportswire | Getty Images Check out the companies making headlines in midday

by confoundedinterest17 The April 29th Treasury auction produced some very European/Japanese-like results. As in a 0% 4W high yield rate. And thanks to Green Man (Fed Chair Jay Powell), the Fed’s System Open Market Account Holdings of Treasury Bills soared in 2019/2020 helping to drive the 4W yield to 0%. The 0% 4W yield rate is very

Digital Turbine (APPS) has closed the acquisition of mobile advertising platform AdColony. The acquisition is central to Digital Turbine’s goal of offering complete media and advertising solutions to its operator and OEM partners. Digital Turbine CEO Bill Stone said, “We believe that this strategic transaction, along with the previously completed acquisition of Appreciate and pending

by Michael Snyder If you are too young to have been alive during the 1970s, you might want to read up on that decade, because current economic conditions are starting to become eerily similar to what we experienced back then.  In the 1970s, an energy crisis caused tremendously long lines at gas stations all over

Since peaking in mid-February, shares of Roku (ROKU) have retreated by 28%. Pullbacks amongst growth-oriented stocks have been a common theme this year. Sector rotation, inflation fears and worries of overstretched valuations have all been cited as reasons for the decline amongst previous high-flyers. However, while Roku stock was an investor favorite last year and

From Birch Gold Group You might think a gift card should be something you just can’t put a negative spin on. While the recipient might not always be perfectly content with the available choice of the store or what can be purchased, gift cards have long served as a ubiquitous token of appreciation. They’re given out

The internet transformed advertising, and advertising, in turn, has impacted the net. From pop-up ads to pay-per-click to targeted advertising, finding and reaching the target audience – the raison d’etre for marketers and advertisers, has exploded and evolved in the digital age. And along with it has come an array of ad tech companies, specialists

U.S. stocks fell across the board on Friday to end the week with fractional losses. Technology and Healthcare names led the way lower, while the Energy and Financial sectors rallied. Investors digested the busiest week of the current earnings season and a pile of economic data, including the report on Thursday that first-quarter U.S. GDP

Bristol Myers Squibb (BMY) posted disappointing results in the first quarter as the pharmaceutical company’s revenues rose 3% year-on-year to $11.1 billion, but fell short of consensus estimates of $11.3 billion. The company reported non-GAAP earnings of $1.74 per share, up 1% year-on-year but below analysts’ estimate of $1.81 per share. Bristol Myers Squibb’s Board

Agnico Eagle Mines (AEM) posted better-than-expected first-quarter results. Strong operational performance in March drove record quarterly gold production. Agnico Eagle’s revenue came in at $934.39 million for the quarter ended March 31, an increase of 39% from $671.88 million in the prior-year quarter. Net income was $136.1 million ($0.56 per share) in 1Q 2021 compared

A Wawa store hiring sign in Bethany Beach, Delaware. Stephanie Dhue | CNBC The economy could add more than 1 million jobs in April, economists say. Hiring seems to have strengthened as businesses reopen, leading some economists to make big predictions for the number of jobs added during the month. The April employment report is

by confoundedinterest17 (Bloomberg) — The key benchmark that the Federal Reserve targets to control monetary policy dropped for the first time this month, dragged down as growing imbalances in the Treasury-bill market weigh on short-term dollar rates. The effective fed funds rate, which the central bank is currently aiming to keep within a range of 0% to 0.25%, slipped by one

Imperial Oil (IMO) shares rose more than 4% Friday after the Canadian petroleum company posted a profit in the first quarter, helped by recovering oil prices. Imperial Oil’s revenue came in at nearly C$7 billion for the quarter ended March 31, up from C$6.69 billion in the prior-year quarter. 1Q 2021 net income was C$392

Chris Ratcliffe | Bloomberg | Getty Images Check out the companies making headlines in midday trading.  Amazon — The e-commerce giant saw its shares gain 1% in midday trading after it reported a record first-quarter profit. The Seattle-based firm said profits more than tripled to $8.1 billion and January-to-March sales soared 44% to $108 billion. The results

by confoundedinterest17 Listen to the Man! Under Scranton Joe’s leadership, more and more Americans are dependent on government cheese. Personal income transfer payments to person hit an all-time high as The Federal Reserve keeps pumping money into the system. Government transfeer payments as a percentge of total income is now a whopping 34%. US Personal Savings

On April 30, good natured Products (GDNP) announced financial results for the year ended December 31, 2020. The North American leader in earth-friendly plant-based products will host a webcast investor presentation at 2:00 p.m. EST/11:00 a.m. Pacific time on May 5, 2021. good natured’s revenue for FY2020 came in at C$16.71 million, an increase of

Traders on the floor of the New York Stock Exchange. Source: NYSE April’s jobs report and a barrage of earnings news make for another busy week for markets, as the calendar rolls into May. Stocks notched solid gains in April, as REITs, consumer discretionary names and communications services companies outpaced the broader market, all more

by Martin Armstrong In the local press, a store owner in John’s Pass, one of the main tourist spots in the Tampa Bay area, wrote: “This closure was the longest amount of time that our family business has been closed in nearly 100 years. Even WWII, even the oil spills, the red tides, the hurricanes,

Restaurant Brands International (QSR) shares jumped more than 3% in early trading Friday after the quick-service restaurant company reported 1Q profit and sales up from a year ago. Restaurant Brands’ revenue came in at $1.26 billion for the quarter ended March 31, an increase of 2.4% from $1.23 billion in the prior-year quarter. A reopening

by howmuch The coronavirus pandemic has caused widespread revenue loss for lots of different industries, but none more so than the tourism sector. We focused on the highest tourism countries to visualize the negative impact of COVID-19 on a year-over-year basis. The economic losses are staggering. Use this visualization Spain had the single biggest drop

Take a look at some of the biggest movers in the premarket: Twitter (TWTR) – Twitter shares plunged 12.4% in premarket trading after it warned of rising expenses and a possible slowdown in user growth. Twitter beat estimates for its latest quarter by 2 cents a share, with earnings of 16 cents per share. Revenue