Day: August 6, 2020

Landmark Infrastructure Partners LP (LMRK) CEO Arthur Brazy on Q2 2020 Results
Stock News

Landmark Infrastructure Partners LP (LMRK) CEO Arthur Brazy on Q2 2020 Results

Landmark Infrastructure Partners LP (NASDAQ:LMRK) Q2 2020 Earnings Conference Call August 6, 2020 12:00 PM ET Company Participants Marcelo Choi - Vice President, Investor Relations Arthur Brazy - Chief Executive Officer George Doyle - Chief Financial Officer Conference Call Participants Rick Prentiss - Raymond James Liam Burke - B. Riley FBR Laura Lee - RBC Capital Markets Operator Ladies and gentlemen, thank you for standing by, and welcome to Landmark Infrastructure Partners' Second Quarter Earnings Call. At this time, all participants are in a listen-only mode. After the speaker presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised that today's conference may be recorded. [Operator Instructions] I would now like to hand the con...
Nigerian Crypto Activity Has Been On the Rise Since April
Crypto News

Nigerian Crypto Activity Has Been On the Rise Since April

Nigeria, the biggest source of Bitcoin (BTC) trading volume in Africa, is apparently one of the fastest-growing crypto markets in the world, according to a new report. According to a new study by major crypto wallet Blockchain.com, Nigeria has seen the largest influx of activity on its wallet app since April 2020. Nigeria shows biggest interest in Bitcoin globally Published on Aug. 5, the report says that Nigeria has been the best performing country on its platform over the past three months. The report notes a 60% increase in usage of Blockchain.com’s web wallet in the region since April. In the study, Blockchain.com also pointed out that Nigeria has been the top country searching for Bitcoin on Google. According to data from Google Trends, Nigeria is leading in terms of Bitcoin inter...
Travelex to cut 1,300 jobs as foreign exchange firm tries to stay afloat
Forex News

Travelex to cut 1,300 jobs as foreign exchange firm tries to stay afloat

Travel money firm Travelex has struck a deal to stay afloat, but with the loss of more than 1,300 jobs in the UK. Administrators PwC said the impact of a cyber-attack followed by the coronavirus crisis had “acutely” hit the company. It said that a complex restructuring deal completed on Thursday had delivered £84 million of new money through a “pre-pack administration sale” of certain entities and assets. The purchaser is Travelex Acquisitionco Limited, a special purpose vehicle controlled by the Noteholders to the global Travelex Group. A pre-pack administration sale is when a company arranges a deal to sell its assets to a buyer before appointing administrators to facilitate the sale. Toby Banfield, joint administrator at PwC, said the sale had saved 1,802 jobs in the UK, but 1,30...
Uber revenue drops 29% but delivery bookings double – CNBC
Stock News

Uber revenue drops 29% but delivery bookings double – CNBC

Uber CEO Dara Khosrowshahi walks outside of the New York Stock Exchange its highly anticipated initial public offering on May 10, 2019. Uber just reported second quarter results including revenue that beat analysts' expectations but declined by about 29% from $3.17 billion during the same period last year. The stock dipped as much as 5% in after-hours trading. Here's how the ride-hailing and food delivery company did versus what Wall Street expected: Losses: $1.02 per share vs. 86 cents per share (adj.) expected, according to a consensus of analysts surveyed by Refinitiv. Revenue: $2.24 billon vs. $2.18 billion, as per Refinitiv Here's how the business units performed versus what analysts expected for the quarter: Rides (gross bookings): $3.05 billion vs. $3.47 billio...
Thursday Sector Laggards: Healthcare, Energy
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Thursday Sector Laggards: Healthcare, Energy

Looking at the sectors faring worst as of midday Thursday, shares of Healthcare companies are underperforming other sectors, showing a 1.6% loss. Within that group, ResMed Inc. (Symbol: RMD) and Becton, Dickinson & Co (Symbol: BDX) are two large stocks that are lagging, showing a loss of 13.5% and 8.7%, respectively. Among healthcare ETFs, one ETF following the sector is the Health Care Select Sector SPDR ETF (Symbol: XLV), which is down 0.9% on the day, and up 4.56% year-to-date. ResMed Inc., meanwhile, is up 13.83% year-to-date, and Becton, Dickinson & Co, is down 4.30% year-to-date. Combined, RMD and BDX make up approximately 2.8% of the underlying holdings of XLV. The next worst performing sector is the Energy sector, showing a 1.6% loss. Among large Energy stocks, Marathon Oi...
China central bank says it will make policy more flexible and targeted
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China central bank says it will make policy more flexible and targeted

BEIJING: China's central bank said on Thursday it would make its prudent monetary policy more flexible and targeted, and keep liquidity appropriately ample to support economic recovery.The People's Bank of China (PBOC) said it would maintain a reasonable rise in money supply and total social financing, and ensure banks had the credit supply to match firms' demand for loans to support economic recovery. "We will comprehensively use and innovate a variety of monetary policy tools, and keep liquidity reasonably ample," the central bank said in its second-quarter monetary policy report. The central bank will base the strength and pace of its monetary policy on the success of virus control efforts and the economic and financial situation, it said. Central bank policy adviser Ma Jun said in...
BNP Paribas pulls back from financing commodity traders – Financial Times
Commodities

BNP Paribas pulls back from financing commodity traders – Financial Times

BNP Paribas is pulling back from financing commodity traders in Europe, the Middle East and Africa after a series of heavy losses in its specialist lending unit. The Paris-based bank has been hit by losses at several commodity trade houses this year, including Coex Coffee in the US, as well as GP Global Group and Phoenix Commodities in the Middle East. It has told clients it has paused lending to such business within Emea, according to several people briefed on the talks. The bank is also considering closing its specialist commodity trade finance unit based in Geneva, which has struggled to be profitable for several years, as part of a long-running review of its investment bank. BNP had previously weighed up relocating the unit, which has 75 staff, to its Paris headquarters. But the s...
Forex Market Majors Boosted by Positive Data
Forex News

Forex Market Majors Boosted by Positive Data

Trading in the forex market has been steadily evolving over decades since it first began. This has particularly been evident in recent years with the continuing emergence of new trading strategies and methods. These have generally advanced trading to become both more convenient, and more efficient. One such method which has experienced a sharp growth in popularity of late, is algorithmic trading. Here we will examine what exactly algorithmic trading in forex is, the methods available, and how it could be an effective tool in your trading arsenal moving forward. The Algorithmic Trading Basics Algorithmic trading at its core, is trading based on a computer program. This computer program follows a preset collection of instructions, an algorithm, to perform a number of functions for you a...
Makeover: UK fashion bible Vogue turns serious for September
Commodities

Makeover: UK fashion bible Vogue turns serious for September

By Ben Makori LONDON, Aug 6 (Reuters) - Misan Harriman hopes to encourage employers to cast the recruitment net more widely with his Vogue cover portrait of influential Black activists in place of the usual pouting stars. Footballer Marcus Rashford, who helped force a UK government U-turn on children's meal vouchers, and Adwoa Aboah, a model and mental health campaigner are featured with the banner "Activism Now, The Faces of Hope" on the front of the fashion bible. For Harriman, the first Black male photographer to shoot a UK Vogue cover, the picture is "really of this moment", reflecting a summer of protest for social justice following the death of George Floyd in Minneapolis. It was Harriman's pictures of London's Black Lives Matter movements that brought him to the attention of U...
In One Chart: ‘It spread like wildfire’ — This ‘very, very scary’ chart might have you reconsidering your Sunday plans
Stock News

In One Chart: ‘It spread like wildfire’ — This ‘very, very scary’ chart might have you reconsidering your Sunday plans

Ohio Gov. Mike DeWine announced at a coronavirus briefing this week that he’s sending a letter to his state’s faith-based community in an effort to get the churches, synagogues and mosques on board with safety measures to help prevent community spread. “Our religious faiths are at the core of our great state and country,” DeWine explained. “However, it is vital that to control the spread of the virus that any time people gather together, including for religious services, that everyone wear masks, practice social distancing, wash hands, and also while indoors, making sure there is good ventilation and airflow.” To hammer home his point, DeWine used this illustration of a recent outbreak at a church service that led to the infection of 91 people across five counties. As you can see, ...