Mine financing company Triple Flag Precious Metals Corp said on Sunday it has agreed to pay $550 million upfront as part of a streaming financing deal with China Molybdenum Co Ltd (CMOC) for future production of precious metals at CMOC's Northparkes mine in Australia. The deal, between units of the two companies, gives Triple Flag rights to a majority of gold and silver to be produced at the mine in New South Wales until the Toronto-based company receives 630,000 ounces of gold and 9 million ounces of silver. Thereafter, Elliott Management-backed Triple Flag would continue to receive less than half of the gold and silver produced at the mine.
Domino's (NYSE: DPZ) investors could be in for some big surprises in a few days. The pizza delivery leader is set to report its earnings results for the period that included maximum social-distancing efforts in the core U.S. market. Domino's also might have some less exciting news for shareholders hoping to see a clear path toward robust growth into 2021.
Does the July share price for Adtalem Global Education Inc. (NYSE:ATGE) reflect what it's really worth? Today, we will...
Unfortunately, Social Security is really confusing, and there are a surprising number of ways you could lose your benefits without even realizing the effects of your actions. In fact, if you're married and both you and your spouse claim at 62, you could end up with $500,000 less in lifetime benefits than you'd have if you'd both waited until age 70.
Market forces rained on the parade of PhaseBio Pharmaceuticals, Inc. (NASDAQ:PHAS) shareholders today, when the...
For the 2020 tax year, single filers will pay 15% tax on qualified dividends if taxable income falls between $40,000 and $441,450 ($80,000 to $496,600 for joint filers). If taxable income is below that amount, dividends are free and clear -- but above those income limits, Uncle Sam gets a 20% cut. This can be incredibly handy info when planning out an investment strategy and deciding what type of account to invest in, like a taxable account versus a Traditional IRA.
The owner of the Starving Artist restaurant in Ocean Grove, New Jersey said the $1,000 tip, which came from a family that has been patronizing the place since 2001, "blew us away."
Sam's Club has seen a marked shift in customer behavior during the COVID-19 pandemic, including rising demand for contactless shopping and varying phases of product needs.
It hasn't been the best quarter for AMN Healthcare Services, Inc. (NYSE:AMN) shareholders, since the share price has...
Tesla (TSLA) has slashed the price for its Model Y crossover by $3,000 to $49,990 from $52,990 previously. The move comes less than four months after Tesla started delivering the vehicle in mid-March.It is also not the first price cut of late. Tesla reduced the price for the Model S and the Model X by $5,000 and $2,000 respectively in May.The price cuts were viewed as an “acknowledgment that Tesla isn’t immune to material North American demand weakness,” commented Roth Capital analyst Craig Irwin at the time.However TSLA subsequently announced total 2Q deliveries of 90,650, well ahead of FactSet consensus of 68,380. Model S/X deliveries were 10,600, ahead of consensus’ 8,660 estimate, while Model 3/Y deliveries were 80,050 vs. consensus of 59,250 Model 3/Y.Not that RBC Capital’s Joseph Spak was too impressed. “A good overall performance in light of the pandemic, but signs of trouble for more mature markets/products” the analyst wrote.“Yes, TSLA able to show good headline numbers relative to an auto industry that really felt impact of COVID-19. But we must also remember, that TSLA benefits from entering a new market this year (yes they sold in China prior, but only started making in China in earnest this year). This of course, counts as growth, and new markets/products is part of the TSLA story” he explained.But what really stopped the analyst from taking a more positive view on Tesla stock was the price. Shares are currently trading up a whopping 270% year-to-date.“Bullishness is very high; we can’t recommend adding believing that current price more than discounts positive arguments” Spak concluded. He has a sell rating on the stock and $615 price target.Overall Wall Street analysts are sidelined on the stock’s outlook. The Hold analyst consensus breaks down into 9 Sell ratings and 10 Hold ratings versus 7 Buy ratings. In light of the recent rally, the $816 average price target now implies 47% downside potential. (See Tesla’s stock analysis on TipRanks).Related News: Amazon Delays Prime Day- This Time Until October Has Apple Surged Too Far, Too Fast? Analyst Weighs In Alibaba’s CEO Sets Out Ambitious Goals; Sees 2B Customers By 2036 More recent articles from Smarter Analyst: * Xeris Spikes 12% After-Hours On Soros Stake; Analyst Says Buy * Australia Provisionally Approves Gilead’s Covid-19 Treatment * Gilead Reveals Covid-19 Treatment Remdesivir Reduces Mortality Risk * Square Snaps Up Stitch Labs, As Analyst Finally Upgrades Stock
(Bloomberg) -- South Africa may reintroduce tighter regulations on the movement of people and curb sales of alcohol as coronavirus infections soar, the Sunday Times reported. Hungary is also restricting travel after spikes in neighboring countries.Thailand plans to start human trials for a locally developed, potential Covid-19 vaccine as early as September, making it among the first done outside high-income countries, after encouraging results in monkeys and mice.U.K. Prime Minister Boris Johnson is set to tell Parliament this week it will be compulsory for Britons to wear face masks in shops, according to news reports, soon after saying that it was only optional to do so. Infections in Germany increased by 377.Key Developments:Global Tracker: Cases top 12.7 million; deaths surpass 565,000Aversion to mask-wearing holds back U.S. economyU.K. set to tighten rules on wearing face masksWall Street forges a new relationship to data in coronavirus ageConflicting visions emerge for South Africa’s post-virus revivalAnonymity helped overcome stigma in Korean nightclub probeSubscribe to a daily update on the virus from Bloomberg’s Prognosis team here. Click VRUS on the terminal for news and data on the coronavirus.Hundreds of Credit Suisse Jobs May Go (8 a.m. NY)Credit Suisse Group AG could cut “hundreds” of jobs as the Swiss lender mulls different savings plans that would allow it to reach its profit targets, according to SonntagsZeitung, which didn’t say where it obtained the information. The coronavirus crisis has given its online operations a boost and Chief Executive Officer Thomas Gottstein is mulling thinning out the Zurich-based bank’s domestic branch network.Israel Deficit May Reach 13% of GDP (7:45 a.m. NY)Israel’s pandemic support plan could lead the budget deficit to hit 13% of GDP this year and 7% in 2021, Bank of Israel Governor Amir Yaron said in a statement. The government has the ability to finance the plan, which will help public weather the ongoing crisis, he said.Iran Case Numbers Moderate (7 a.m. NY)Iran’s Covid-19 death toll climbed to 12,829 on Sunday with 194 fatalities overnight, up from 188 the day before. The number of infections rose by 2,186 to 257,303, a smaller increase than the average of 1% over the previous seven days. Almost 220,000 people have recovered from Covid-19 and 3,359 patients are in intensive care units.France to Test at Airports (6:21 a.m. NY)France will proceed to systematic testing at airports “over the next few days” for passengers arriving from countries where coronavirus is circulating intensely, government spokesman Gabriel Attal said during a BFM TV interview on Sunday. The government is targeting 2,000 tests a day at airports initially.Asked whether France will impose wearing masks in closed spaces, Attal said “we’re adapting constantly to the situation.”New Hong Kong Cases Found (6 a.m. NY)Hong Kong reported 38 new cases on Sunday, feeding fears of a resurgence in the Asian hub after weeks of near-normal activity.Thirty of the cases were locally transmitted, including 13 of unknown origin, the city’s Department of Health said at a briefing. The other eight cases were imported, meaning people returning from abroad. That brought the total number of cases in Hong Kong to 1,469.The city’s government tightened social-distancing measures for some businesses from Saturday. Residents were urged to avoid going out or attending group gatherings for the next two weeks.Indonesia’s Virus Cases Exceed 75,000 (5:59 p.m. HK)The number of cases in Indonesia exceeded 75,000 as infections in the two largest hotspots continued to accelerate after the government eased physical-distancing curbs more than a month ago.There were 1,681 new cases in the 24 hours to midday Sunday, bringing the total to 75,699, authorities said, adding that 71 people succumbed to the virus. The increase in cases is in line with the average of 2.2% over the previous seven days. Indonesia has the most cases and fatalities in Southeast Asia with 3,606 deaths.Hungary Tightens Travel Restrictions (5:38 p.m. HK)Hungary will conduct health checks at the border and require 14-day quarantine for those arriving from higher-risk countries for the coronavirus while foreigners from the highest risk nations will be barred from entry, cabinet minister Gergely Gulyas said at a televised briefing on Sunday.No European Union nation is listed in the “red” category currently, denoting the highest risk, Gulyas said. Bulgaria, Romania, Sweden and the U.K. were among countries listed as “yellow” or higher risk. Authorities will review the list weekly.South Africa Considers New Restrictions: Times (4:18 p.m. HK)South Africa may reintroduce tighter regulations on the movement of people and curb sales of alcohol as coronavirus infections soar, the Sunday Times reported.President Cyril Ramaphosa will make an address on the new measures to help contain the virus on Sunday evening, the newspaper said. The reintroduction of curfews is being discussed.Cases have risen an average of 5% a day for the past week, and the increase hasn’t been below 4% for almost a month. South Africa’s virus infections rose to 264,184 with almost 4,000 deaths, health minister Zweli Mkhize, said in a statement Saturday.German Infections Rise Steadily (2:25 p.m. HK)Germany’s coronavirus cases rose to 199,709, while deaths increased by seven to 9,070, according to data from Johns Hopkins University, both climbing at about the same rate as the previous day. The reproduction factor -- or R value -- grew slightly to 0.93, according to the latest estimate by the Robert Koch Institute, Germany’s health body. The 95% confidence interval means the number is somewhere between 0.72 and 1.13. The relatively small number of new cases means the value can fluctuate more wildly.Thailand to Begin Vaccine Trials in Humans (12:13 p.m. HK)The first stage of Thai clinical trials will enroll about 100 volunteers separated in two groups, one for people aged 18 to 60 and the other for 60- to 80-year-olds, Kiat Ruxrungtham, head researcher at Chulalongkorn University’s Center of Excellence in Vaccine Research and Development, said at a briefing on Sunday in Bangkok. The second stage, likely to begin in December, will involve 500 to 1,000 people. If the trials are successful, Thailand could have its vaccine by the second half of 2021, Kiat said. Globally, 160 vaccines are being studied for Covid-19, of which 21 are at the clinical evaluation stage, according to the World Health Organization.Toyota to Restart All Factories Globally (12:03 p.m. HK)Toyota Motor Corp. will reopen its Venezuelan plant on Monday, meaning all factories in South America will be operational, spokesman Kensuke Ko said. The auto giant had already opened all its plants in Japan, North America and Europe, he said. From February, Toyota halted production in many countries, starting with China, as the coronavirus spread rapidly across the world.Melbourne Students to Return to Remote Learning (11:01 a.m. HK)Most students in Australia’s second-biggest city will go back to remote learning as officials grapple with coronavirus outbreaks. All prep to year 10 students at government schools will return to learning from home starting July 20 until at least Aug. 19, Victoria’s Premier Daniel Andrews told a press conference Sunday. Melbourne is in the midst of a six-week lockdown that was imposed to help curb a growing infection count.Australia’s Victoria State Deals With Additional Cases (9:16 a.m. HK)The country’s second-most populous state, which is facing a worsening outbreak, found 273 new infections in the past 24 hours. Australia had enjoyed early success in crushing the curve of virus infections by shutting its international border, quarantining arrivals, social distancing measures and a widespread testing and tracing regime. But a mixture of complacency, easing restrictions and missteps in Victoria’s quarantine program, has seen a fresh outbreak that’s led to Melbourne being placed in a six-week lockdown.Authorities also warned of a cluster of infections linked to a hotel in Sydney’s southwest, and urged anyone who visited the venue from July 3 to 10 to self-isolate. Nine cases have been connected to the hotel, according to New South Wales health officials.South Korea Reports More Infections (9:13 a.m HK)South Korea reported 44 more Covid-19 cases in 24 hours, raising the total tally to 13,417, according to data from Korea Centers for Disease Control & Prevention. One additional death was reported, taking the total to 289. Among the new infections, 23 were imported.Japan Virus Chief Says Country Needs to be on High Alert (8:34 a.m. HK)Japan’s virus czar Yasutoshi Nishimura, who also serves as the nation’s economy minister, said the number of cases with unclear contagion routes is increasing, straining public health care resources. He didn’t say if the current situation warrants another declaration of emergency. The country has seen a spike in cases over recent days, with Tokyo reporting more than 200 infections daily for the past three days. Tokyo found 206 new cases Sunday, TV Asahi reported, without saying where it got the information.Mexico Cases Rise (8:23 a.m. HK)Mexico reported 6,094 new Covid-19 cases and 539 deaths Saturday, bringing the case count to 295,268 and number of deaths to 34,730, the fifth highest in the world, according to data released by the Health Ministry. New cases hit records this week, with officials reporting more than 7,000 for the first time Thursday.Brazil Reports 39,023 New Cases (6:40 a.m. HK)Total cases in Brazil, which has the highest number of infections and deaths after the U.S., reached 1,839,850, according to the Health Ministry’s press office. Another 1,071 deaths were reported, for a total of 71,469.Mormons Ask Faithful to Wear Masks (6:30 a.m. HK)The Church of Jesus Christ of Latter-day Saints in Utah sent an email to worshippers asking them to wear masks as cases in the state continue to climb, the Deseret News reported.“Please join with us now in common purpose for the blessing and benefit of all,” read an email noting that the state hit a record number of daily cases on Friday of 867.As of Saturday, the state reported a total of 28,223 cases and 207 deaths, according to Bloomberg and Johns Hopkins University.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
If you're an income investor, you the dividend stocks in your portfolio to have the right balance. The average S&P 500 stock pays investors about 2% in dividends, and that's why aiming for higher than that -- 3% or better -- can be a good plan. Gilead Sciences (NASDAQ: GILD) is a stock many investors are putting into their portfolios today because of the potential that the company's drug, remdesivir, has in treating people with COVID-19.
If you buy and hold a stock for many years, you'd hope to be making a profit. Better yet, you'd like to see the share...
(Bloomberg) -- Stocks across the Middle East advanced, taking their cue from Friday’s rally in oil prices and amid further signs that governments are ready to do more to stimulate their virus-battered economies.Israel’s TA-35 rose as much as 1.5% in Tel Aviv, heading for the first increase in four sessions. The government said after markets closed Thursday that unemployment benefits will remain in place through June 2021 while the jobless rate stays above 10%, as part of a relief program worth about 90 billion shekels ($26 billion).In Dubai, the main index climbed as much as 0.5% after a new set of economic incentives worth 1.5 billion dirhams ($408.4 million) focused on reinforcing liquidity in companies and reducing the cost of conducting business. Still, S&P Global Ratings expects the city’s gross domestic product to shrink 11% this year amid subdued demand and low oil prices.Some of Dubai’s new measures are likely to “be made permanent, because the target is to reduce the overall cost of doing business,” said Jaap Meijer, the head of equity research at Arqaam Capital in the emirate. “Even before pre-covid crisis, Dubai had realized the cost of doing business had become too high.”Shares in Bahrain, Saudi Arabia, Abu Dhabi, Kuwait and Qatar and Egypt climbed as much as 2.1% after Brent crude advanced 2.1% to $43.24 per barrel on Friday.MIDDLE EASTERN MARKETS:S&P cut Dubai’s Emaar Properties and its subsidiary Emaar Malls from BBB-, the lowest investment grade, to BB+ and signaled that more downgrades may comeEmaar Properties -1.1%; Emaar Malls -2.7%Read more about Dubai’s market on SundayAdvanced Petrochem gains 0.8% even after reporting profit for the second quarter of SAR155m, 19% lower than last yearCo. got a SAR1.5b Islamic facility from three banksREAD: Advanced Petrochem Targets Asian Markets as Demand ReboundsSaudi Telecom Co. extended a non-binding pact to buy Vodafone Group’s Egyptian business for two months, citing coronavirus logistical challengesREAD: Saudi Telecom Extends MoU to Buy Vodafone Egypt StakeAmlak International will start trading in Riyadh on July 13Co. raised about SAR435m in an IPO earlier this monthMORE: Lebanon Fences Off More of Its Economy Against Currency CrisisFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
It's for this reason that workers today are encouraged to save independently for retirement, and when we think about doing that, we usually land on tools like IRAs or 401(k) plans. HSAs make it easy and cost-effective to set aside funds for near-term and future medical expenses. With an HSA, you can allocate money on a pre-tax basis to cover medical expenses both now and in the future.
A week ago, MSC Industrial Direct Co., Inc. (NYSE:MSM) came out with a strong set of third-quarter numbers that could...
Is your web browsing slow and battery draining? WSJ's Joanna Stern explains how to stop Google’s popular browser from hogging all your computer's RAM and resources. (Guest starring Safari, Firefox and Edge.) Photo illustration: Zoe Soriano for The Wall Street Journal
In just eight short months, Disney+ has racked up more than 54 million subscribers and positioned itself as the top rival to streaming video giant Netflix.
Given the recent tumult caused by by the coronavirus crisis, experts say now is a good time to reassess and recalibrate your strategy for retiring early.
Rideshare drivers for Uber and Lyft stage a strike and protest at the LAX International Airport, over what they say are unfair wages in Los Angeles, California on May 8, 2019. Most ride-hail workers in Seattle are part-time drivers whose earnings are roughly in line with the city’s median, a study of data provided by Uber and Lyft showed, defying some perceptions of drivers working full-time for little pay. The Cornell University study, published on Monday, comes as lawmakers in several U.S. cities and states debate the future of the gig economy and whether workers should be treated as employees rather than independent contractors.
The German meat processing company whose plant was at the centre of a COVID-19 outbreak that forced the authorities to reimpose a local lockdown came under fire from politicians on Sunday for requesting government support to cover quarantined workers' pay. The outbreak at meatpacker Toennies' slaughterhouse in the western town of Guetersloh in June infected 1,500 workers, resulting in 600,000 people in the surrounding areas having to go into lockdown for two weeks. It also prompted a national debate about conditions in which workers, many of them foreigners, are working in Germany's meat industry.