Back Market, an online platform for buying, selling and servicing refurbished tech gadgets, said on Tuesday it raised $335 million in its latest funding round which valued the company at $3.2 billion. To ensure the quality of the refurbished-goods merchants, Back Market has a strict onboarding policy, he said. He estimated the refurbished gadgets market is about $100 billion annually, which includes many of the buy-back programs by smartphone and laptop makers.
Sometimes it pays to go into an episode of The Voice with low expectations — yes, even if it’s the Semi-Finals. After last week’s Live Playoffs saw (heard?) numbers originally performed by Corinne Bailey Rae, Ariana Grande and the Backstreet Boys massacred by since-eliminated contestants, I — and what’s that, you say? You, too? — lowered […]
With me today are Dermot Smurfit, president and chief executive officer; and Karen Flores, our CFO. Words and expressions reflecting optimism, satisfaction with current prospects, as well as statements in the future tense identify forward-looking statements, but their absence does not mean that a statement is not forward-looking. Forward-looking statements should not be interpreted as a guarantee of future performance or results, as such statements associate risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements.
Participants on today's call are Evan Loh, CEO; Adam Woodrow, president and chief commercial officer; Randy Brenner, chief development and regulatory officer; Michael Bigham, executive chairman; and Sarah Higgins, vice president of finance, controller, and principal accounting officer, will also be available for questions. Before I turn the call over to Evan, I would like to point out that we will be making forward-looking statements, which are based on our current expectations and beliefs.
In choosing turncoats Himanta Biswa Sarma & Suvendhu Adhikari in Assam & Bengal respectively, BJP has ‘deviated’.
NEW ORLEANS, May 17, 2021 (GLOBE NEWSWIRE) -- ClaimsFiler, a FREE shareholder information service, reminds investors of pending deadlines in the following securities class action lawsuits: Peloton Interactive, Inc. (PTON)Class Period: 9/11/2020 - 5/5/2021Lead Plaintiff Motion Deadline: June 28, 2021SECURITIES FRAUDTo learn more, visit https://www.claimsfiler.com/cases/view-peloton-interactive-inc-class-a-common-stock-pton-securities-litigation ChemoCentryx, Inc. (CCXI)Class Period: 11/26/2019 - 5/3/2021Lead Plaintiff Motion Deadline: July 6, 2021SECURITIES FRAUDhttps://www.claimsfiler.com/cases/view-chemocentryx-inc-common-stock-ccxi-securities-litigation PureCycle Technologies, Inc. (PCT) f/k/a Roth CH Acquisition I Co. (ROCH)Class Period: 11/16/2020 - 5/5/2021 and/or were holders of Roth securities entitled to participate in the March 16, 2021 shareholder vote on the merger with PureCycle.Lead Plaintiff Motion Deadline: July 12, 2021SECURITIES FRAUD, MISLEADING PROSPECTUSTo learn more, visit https://www.claimsfiler.com/cases/view-purecycle-technologies-inc-common-stock-pct-securities-litigation If you purchased shares of the above companies and would like to discuss your legal rights and your right to recover for your economic loss, you may, without obligation or cost to you, contact us toll-free (844) 367-9658 or visit the case links above. If you wish to serve as a Lead Plaintiff in the class action, you must petition the Court on or before the Lead Plaintiff Motion deadline. About ClaimsFiler ClaimsFiler has a single mission: to serve as the information source to help retail investors recover their share of billions of dollars from securities class action settlements. At ClaimsFiler.com, investors can: (1) register for free to gain access to information and settlement websites for various securities class action cases so they can timely submit their own claims; (2) upload their portfolio transactional data to be notified about relevant securities cases in which they may have a financial interest; and (3) submit inquiries to the Kahn Swick & Foti, LLC law firm for free case evaluations. To learn more about ClaimsFiler, visit www.claimsfiler.com
NEW ORLEANS, May 17, 2021 (GLOBE NEWSWIRE) -- ClaimsFiler, a FREE shareholder information service, reminds investors of pending deadlines in the following securities class action lawsuits: Amdocs Limited (DOX)Class Period: 12/13/2016 - 3/30/2021Lead Plaintiff Motion Deadline: June 8, 2021SECURITIES FRAUDTo learn more, visit https://www.claimsfiler.com/cases/view-amdocs-limited-securities-litigation-1 FibroGen, Inc. (FGEN)Class Period: 10/18/2017 - 4/6/2021Lead Plaintiff Motion Deadline: June 11, 2021SECURITIES FRAUDTo learn more, visit https://www.claimsfiler.com/cases/view-fibrogen-inc-securities-litigation Canaan Inc. (CAN)Class Period: 2/10/2021 - 4/9/2021Lead Plaintiff Motion Deadline: June 14, 2021SECURITIES FRAUDTo learn more, visit https://www.claimsfiler.com/cases/view-canaan-inc-american-depositary-shares-securities-litigation Credit Suisse Group AG (CS)Class Period: 10/29/2020 - 3/31/2021Lead Plaintiff Motion Deadline: June 15, 2021SECURITIES FRAUDTo learn more, visit https://www.claimsfiler.com/cases/view-credit-suisse-group-ag-american-depositary-shares-securities-litigation If you purchased shares of the above companies and would like to discuss your legal rights and your right to recover for your economic loss, you may, without obligation or cost to you, contact us toll-free (844) 367-9658 or visit the case links above. If you wish to serve as a Lead Plaintiff in the class action, you must petition the Court on or before the Lead Plaintiff Motion deadline. About ClaimsFiler ClaimsFiler has a single mission: to serve as the information source to help retail investors recover their share of billions of dollars from securities class action settlements. At ClaimsFiler.com, investors can: (1) register for free to gain access to information and settlement websites for various securities class action cases so they can timely submit their own claims; (2) upload their portfolio transactional data to be notified about relevant securities cases in which they may have a financial interest; and (3) submit inquiries to the Kahn Swick & Foti, LLC law firm for free case evaluations. To learn more about ClaimsFiler, visit www.claimsfiler.com
It comes with a tie waist belt, functional buttons, and pockets
Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, announces that a class action lawsuit has been filed in the United States District Court for the Southern District of New York on behalf of investors that purchased Array Technologies, Inc. (NASDAQ: ARRY) securities between October 14, 2020 and May 11, 2021, both dates inclusive (the "Class Period"); and/or Array common stock pursuant and/or traceable to the offering documents issued in connection with the Company’s initial public offering conducted October 2020 (the "IPO" or "Offering"), the Company’s secondary public offering conducted December 2020 (the "December SPO"), or the Company’s secondary public offering conducted March 2021 (the "March SPO"). Investors have until July 13, 2021 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
NEW ORLEANS, May 17, 2021 (GLOBE NEWSWIRE) -- ClaimsFiler, a FREE shareholder information service, reminds investors of pending deadlines in the following securities class action lawsuits: Vroom, Inc. (VRM)Class Period: 6/9/2020 - 3/3/2021Lead Plaintiff Motion Deadline: May 21, 2021SECURITIES FRAUDTo learn more, visit https://www.claimsfiler.com/cases/view-vroom-inc-securities-litigation Canoo Inc. (GOEV, GOEVW)Class Period: 8/18/2020 - 3/29/2021Lead Plaintiff Motion Deadline: June 1, 2021SECURITIES FRAUDTo learn more, visit https://www.claimsfiler.com/cases/view-canoo-inc-securities-litigation Romeo Power, Inc. (RMO) f/k/a RMG Acquisition Corp. (RMG)Class Period: 10/5/2020 - 3/30/2021Lead Plaintiff Motion Deadline: June 15, 2021SECURITIES FRAUDTo learn more, visit https://www.claimsfiler.com/cases/view-romeo-power-inc-securities-litigation Emergent BioSolutions Inc. (EBS)Class Period: 4/24/2020 - 4/16/2021Lead Plaintiff Motion Deadline: June 18, 2021SECURITIES FRAUDTo learn more, visit https://www.claimsfiler.com/cases/view-emergent-biosolutions-inc-securities-litigation-1 If you purchased shares of the above companies and would like to discuss your legal rights and your right to recover for your economic loss, you may, without obligation or cost to you, contact us toll-free (844) 367-9658 or visit the case links above. If you wish to serve as a Lead Plaintiff in the class action, you must petition the Court on or before the Lead Plaintiff Motion deadline. About ClaimsFiler ClaimsFiler has a single mission: to serve as the information source to help retail investors recover their share of billions of dollars from securities class action settlements. At ClaimsFiler.com, investors can: (1) register for free to gain access to information and settlement websites for various securities class action cases so they can timely submit their own claims; (2) upload their portfolio transactional data to be notified about relevant securities cases in which they may have a financial interest; and (3) submit inquiries to the Kahn Swick & Foti, LLC law firm for free case evaluations. To learn more about ClaimsFiler, visit www.claimsfiler.com
Warning: We’re about to spoil the events of Monday’s 9-1-1: Lone Star. Haven’t watched? You’ve been warned. Gina Torres is “not happy” about Charles’ fate after Monday’s episode of 9-1-1: Lone Star. “Not at all.” “I have so much respect and affection for Derek Webster, who plays Charles,” Torres tells TVLine. “I’m so happy for […]
Road blockades connected to weeks of anti-government protests in Colombia will be lifted by security forces in coordination with mayors and provincial governors, President Ivan Duque said on Monday. The sometimes deadly demonstrations, originally called in late April against a now-canceled tax plan, have expanded to include demands like a basic income, an end to police violence and opportunities for young people. The government says some are connected to criminal and guerrilla groups, which it also blames for sparking looting and other violence.
CINCINNATI (AP) — Logan Webb pitched six shutout innings and the San Francisco Giants backed him with three home runs, beating the Cincinnati Reds 6-3 on Monday night. Wilmer Flores, Mike Yastrzemski and Mauricio Dubón connected for the NL West-leading Giants. Webb (3-3) gave up six hits, struck out four and walked a batter. The Reds left the bases loaded in the second inning, but Webb didn't allow a runner past second for the rest of his outing and induced a pair of double-play balls. The Reds didn't help themselves defensively. The Giants loaded the bases in the first inning against Sonny Gray (0-3) and pushed a run across when second basemen Jonathan India misplayed a potential inning-ending double-play ball. In the Giants fourth, shortstop Eugenio Suárez misplayed a grounder that allowed Brandon Crawford to reach. Flores followed with his third home run of the season, a shot into the first row of the right-field stands. Yastrzemski hit a 430-foot homer to right-center field with two outs in the fifth, and Dubón pushed it to 5-0 with a two-out solo shot in the sixth. Jesse Winker had a run-scoring single for the Reds in the seventh. Nick Castellanos and Suárez hit back-to-back homers in the eighth. Gray went five innings, allowing five hits and four earned runs with three strikeouts. TRAINERS' ROOM Reds 3B Mike Moustakas didn't start for the third straight game after suffering a heel contusion during the series in Colorado. He pinch-hit in the eighth inning, drawing a walk. Manager David Bell said he could return to the lineup as soon as Tuesday. Moustakas had been playing first base with Joey Votto sidelined by a fractured thumb. UP NEXT Giants RHP Anthony DeSclafani makes his first appearance at Great American Ball Park on Tuesday since signing with San Francisco in the offseason. He spent five seasons with Cincinnati. The Reds will counter with right-hander Luis Castillo. —- More AP MLB: https://apnews.com/hub/MLB and https://twitter.com/AP_Sports ___ Follow Mitch Stacy at http://twitter.com/mitchstacy Mitch Stacy, The Associated Press
New Delhi [India], May 18 (ANI): The India Meteorological Department on Tuesday said that the eye of cyclonic storm Tauktae, which had hit the Gujarat coast in Saurashtra has ended and the eye of Cyclone Tauktae is disorganizing.
CALGARY, Alberta, May 17, 2021 (GLOBE NEWSWIRE) -- Parex Resources Inc. (“Parex” or the “Company”) (TSX:PXT) is a company headquartered in Calgary that focuses on sustainable, profitable, conventional oil and gas production. Production Guidance Revised Due to Transportation Blockades A series of protests across Colombia during May 2021 have resulted in transportation blockades that have restricted the production and marketing of Parex’ crude oil. Additionally, the transportation blockades impeded the supply of materials required for capital expenditure activities, including drilling and completions. The blockades were not directly related to Parex’ activities or those of its industry partners. Parex net production over the past week has averaged approximately 31,000 boe/d, with current production approximately 40,000 boe/d. Going forward we expect to continue restarting our normal operations and production, subject to the lifting of blockades in the Llanos Basin. In that respect we note that the local government and authorities have been proactive in working to lift the blockades and minimize the disturbances. Further, in many instances Parex has continued to receive the support of the communities where we operate, live and work. Although the current restrictions from the transportation blockades are easing, Parex is withdrawing its Q2 2021 production guidance, as set forth in the press release dated April 15, 2021, until the Company has greater visibility on its ability to access the local transportation infrastructure. For the period April 1 - May 16, 2021, Parex' production has averaged approximately 44,100 boe/d. Also, Parex is updating its H2 2021 production guidance set forth in the press release dated April 15, 2021 at 48,000 – 50,000 boe/d, with Parex expecting H2 2021 production to average 44,000-50,000 boe/d, with the lower end of the range incorporating the impact of any additional minor and intermittent blockades. Operations Update – Upcoming Activity May 2021 As noted above, a series of national strikes across Colombia have resulted in transportation blockades that have temporarily restricted supplies to our drilling and completions activities. However, Parex is proactively planning to resume the following exploration and growth activities, subject to the transportation blockades being lifted. Block Activity Description Cabrestero 4-6 well program – start drilling late May 2021 VIM-1 Drill the 1st of 2 high impact exploration wells (Basilea) following the La Belleza discovery – spud week of May 17 2021 LLA-32 Drill the Groot exploration well – spud week of May 17 2021 VMM-46 Commence acquisition of 215 square km of 3D seismic – in field early June 2021 2021 Share-buy Back Program: Committed to 10% Repurchase As of May 17, 2021, the Company has repurchased for cancellation 5.4 million common shares, under its NCIB, which commenced on December 23, 2020. As of April 30, 2021, Parex had 127.9 million basic shares outstanding. Parex expects to purchase the maximum allowable 12.9 million shares under the Company's normal course issuer bid program, prior to its expiry on December 22, 2021. For more information, please contact: Mike KruchtenSenor Vice-President Capital Markets & Corporate PlanningParex Resources Inc.Phone: (403) firstname.lastname@example.org NOT FOR DISTRIBUTION OR FOR DISSEMINATION IN THE UNITED STATES Advisory on Forward Looking Statements Certain information regarding Parex set forth in this press release contains forward-looking statements that involve substantial known and unknown risks and uncertainties. The use of any of the words "plan", "expect", “prospective”, "project", "intend", "believe", "should", "anticipate", "estimate", "forecast", "budget" or other similar words, or statements that certain events or conditions "may" or "will" occur are intended to identify forward-looking statements. Such statements represent Parex' internal projections, estimates or beliefs concerning, among other things, future growth, results of operations, production, future capital and other expenditures (including the amount, nature and sources of funding thereof), competitive advantages, plans for and results of drilling activity, business prospects and opportunities. These statements are only predictions and actual events or results may differ materially. Although the Company’s management believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results, levels of activity, performance or achievement since such expectations are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors could cause Parex' actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, Parex. In particular, forward-looking statements contained in this document include, but are not limited to, statements with respect to the Company's focus, plans, priorities and strategies; expectation the Company will restart normal operations and production, subject to the lifting of blockades; support of communities where the Company's operates; H2 2021 average production and the assumptions thereunder; the exploration and growth activities when the Company resumes activities and the timing thereof; and Parex' expectation that it will purchase the maximum allowable number of common shares under its normal course issuer bid.These forward-looking statements are subject to numerous risks and uncertainties, including but not limited to, the impact of general economic conditions in Colombia; industry conditions including changes in laws and regulations, and changes in how they are interpreted and enforced in Canada and Colombia; lack of availability of qualified personnel; the results of exploration and development drilling and related activities; risks associated with negotiating with foreign governments as well as country risk associated with conducting international activities; environmental risks; ability to access sufficient capital from internal and external sources; failure of counterparties to perform under contracts; risk that Brent oil prices are lower than anticipated; risk that Parex' evaluation of its existing portfolio of development and exploration opportunities is not consistent with its expectations; and other factors, many of which are beyond the control of the Company. Readers are cautioned that the foregoing list of factors is not exhaustive. Additional information on these and other factors that could affect Parex' operations and financial results are included in reports on file with Canadian securities regulatory authorities and may be accessed through the SEDAR website (www.sedar.com). Although the forward-looking statements contained in this document are based upon assumptions which Management believes to be reasonable, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. With respect to forward-looking statements contained in this document, Parex has made assumptions regarding, among other things: current and anticipated commodity prices and royalty regimes; the impact (and the duration thereof) that COVID-19 pandemic will have on the demand for crude oil and natural gas, Parex’ supply chain and Parex’ ability to produce, transport and sell Parex’ crude oil and natural; gas; availability of skilled labour; timing and amount of capital expenditures; future exchange rates; the price of oil, including the anticipated Brent oil price; the impact of increasing competition; conditions in general economic and financial markets; availability of drilling and related equipment; effects of regulation by governmental agencies; receipt of partner, regulatory and community approvals; royalty rates; future operating costs; uninterrupted access to areas of Parex' operations and infrastructure; recoverability of reserves and future production rates; the status of litigation; timing of drilling and completion of wells; on-stream timing of production from successful exploration wells; operational performance of non-operated producing fields; pipeline capacity; that Parex will have sufficient cash flow, debt or equity sources or other financial resources required to fund its capital and operating expenditures and requirements as needed; that Parex' conduct and results of operations will be consistent with its expectations; that Parex will have the ability to develop its oil and gas properties in the manner currently contemplated; that Parex' evaluation of its existing portfolio of development and exploration opportunities is consistent with its expectations; current or, where applicable, proposed industry conditions, laws and regulations will continue in effect or as anticipated as described herein; that the estimates of Parex' production and reserves volumes and the assumptions related thereto (including commodity prices and development costs) are accurate in all material respects; that Parex will be able to obtain contract extensions or fulfill the contractual obligations required to retain its rights to explore, develop and exploit any of its undeveloped properties; and other matters. Management has included the above summary of assumptions and risks related to forward-looking information provided in this document in order to provide shareholders with a more complete perspective on Parex' current and future operations and such information may not be appropriate for other purposes. Parex' actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do, what benefits Parex will derive. These forward-looking statements are made as of the date of this document and Parex disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws. Oil and Gas Advisory Net production over the past week has averaged approximately 31,000 boe/d, consisting of approximately 5,388 bbls/d of light crude oil and medium crude oil, 24,485 bbls/d of heavy oil and 6,759 mcf/d of conventional natural gas (96% crude oil). Current production of approximately 40,000 boe/d consists of approximately 6,953 bbls/d of light crude oil and medium crude oil, 31,594 bbls/d of heavy oil and 8,722 mcf/d of conventional natural gas (96% crude oil). For the period April 1-May 16, 2021, Parex’ production has averaged approximately 44,100 boe/d, consisting of approximately 7,665 bbls/d of light crude oil and medium crude oil, 34,832 bbls/d of heavy oil and 9,616 mcf/d of conventional natural gas (96% crude oil). The term "Boe" means a barrel of oil equivalent on the basis of 6 thousand cubic feet ("Mcf") of natural gas to 1 bbl. Boe may be misleading, particularly if used in isolation. A boe conversion ratio of 6 Mcf: 1 Bbl is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. Given the value ratio based on the current price of crude oil as compared to natural gas is significantly different from the energy equivalency of 6 Mcf: 1Bbl, utilizing a conversion ratio at 6 Mcf: 1 Bbl may be misleading as an indication of value. PDF available: http://ml.globenewswire.com/Resource/Download/824dda75-cf4b-4d78-8b33-6827e1da60de
Canadian boxer Mandy Bujold has Heritage Minister Steven Guilbeault in her corner. Guilbeault, who oversees amateur sport in Canada, has sent a letter to the International Olympic Committee and its president Thomas Bach asking the IOC to reconsider its stance and give the two-time Pan American Games champion a spot in the upcoming Tokyo Olympics. Bujold's fate for a spot in this summer's Olympics currently lies in the hands of the Court of Arbitration for Sport after her qualifying tournament was scrapped due to the pandemic. Bujold and her lawyer, Sylvie Rodrigue, lost their original appeal to the IOC earlier this month, leaving the CAS as her last chance to box in what would be her final Olympics. "I would like to take this opportunity to extend my full support for Ms. Bujold’s inclusion in these Games," Guilbeault wrote. "The Government of Canada is committed to creating an environment in which women and girls can safely and confidently engage in sport at all ages and all levels. Much like the International Olympic Committee, we have set a target to achieve gender equality in sport and we fund research to increase the representation and participation of girls and women in sport. A critical part of that inclusive and encouraging environment is ensuring that inspiring women like Ms. Bujold can achieve the same accolades as their male counterparts—regardless of their family status." After a competitive year erased by COVID-19, the 11-time national flyweight champion had been confident she'd clinch a berth at the qualifying tournament this month in Buenos Aires. The event was cancelled amid coronavirus cases in Argentina. With no remaining international competitions for boxers from the Americas, athletes were selected on a revised ranking system using three events between 2018 and 2019 — events Bujold didn't compete in because they conflicted with her maternity leave. Bujold's daughter Kate was born on Nov. 5, 2018. "The decision by the IOC to only consider rankings for three events held during an 11-month period in 2018 and 2019 as qualifiers for the Tokyo Games represents a huge systemic failure," said Guilbeault. "Making the decision to become a mother in 2018 should not penalize Ms. Bujold from having the opportunity to compete in Olympic Games based upon a specified timeframe decided retroactively by the IOC, a timeframe where Ms. Bujold was pregnant and then on maternity leave caring for her new child." Former heavyweight champion Lennox Lewis, who represented Canada while winning gold in the super-heavyweight division at the 1988 Olympics, also took to Twitter last week to add his support for Bujold. "I really hope the (Olympic) committee reconsiders its position here," said Lewis. "Women should not be penalized for doing things that women do or making choices that women make." Bujold, from Kitchener, Ont., also got support on Twitter from former tennis star Billie Jean King. Guilbeault went on to say that the Tokyo Games won't be the same without the 33-year-old Bujold, who was previously ranked No. 2 in the Americas. "Purely from a boxing perspective, the tournament in Tokyo will not truly be world class without Ms. Bujold involved," he said. "With two Pan-Am gold medals, and a 5th place finish in Rio 2016 – Ms. Bujold is a proven fierce competitor. She is a trailblazer, a champion, and an inspiration to many." — With files from Lori Ewing. The Canadian Press
(Bloomberg) -- Less than six months into the year, South Korean retail traders have already bought more local stocks than they did in all of 2020, as a pandemic boom in individual investing shows no signs of abating.Retail investors’ accumulated net purchases of shares in the benchmark Kospi for 2021 reached 51.7 trillion won ($45.6 billion) as of Monday, according to Korea Exchange data. That’s more than last year’s annual record total of 47.5 trillion won.The strong support from the nation’s mom-and-pop traders has helped push the Kospi up more than 9% for the year, making it one of the best performers in the Asia Pacific.The retail traders, referred to locally as “ants,” have helped offset an exodus of domestic institutional investors and the region’s worst foreigner selloff -- overseas investors have dumped nearly $16 billion of Korean stocks this year. They’ve also minimized the negative impact from the return of short-selling, with the Kospi having only slipped 0.4% since a 13-month ban was partially lifted at the start of this month.“They are taking the shares that foreigners dump in stride,” said Kiwoom Securities Co. analyst Han Jiyoung, who expects retail investors to remain net buyers. “Two or three years ago, this amount of foreign selling would have caused the markets to drop more.”Fueled by easy money and pandemic free time, mom-and-pop traders drove the Kospi up more that 30% last year, making it the world’s second-best performer behind Nigeria’s benchmark. Amid their continued hunt for higher returns at a time of low interest rates, individuals now account for about three-quarters of daily stock trading in South Korea.The surge in individual stock investment has also pushed their margin debt levels to an all-time high. Margin financing by retail investors set a record of 23.5 trillion won on April 29 and remains near that level, according to Korea Financial Investment Association data.“Margin trading makes investors vulnerable to short-term market corrections,” said Seo Sang-Young, a market strategist at Mirae Asset Securities Co. “When markets crash, those who bought stocks on debt will be hit harder.”While their penchant for risky trades including volatile microcaps and preferred stock drew regulator warnings last year, the most popular shares among retail traders so far this year have been blue chips including Samsung Electronics Co., SK Hynix Inc. and Hyundai Mobis Co., according to exchange data.“With few other options for investment because of low interest rates, Koreans see stock investment as a way to build wealth,” said Kiwoom’s Han. “They learned last year that stock investment will eventually pay off.”(Updates with margin debt levels in paragraphs 7-8, adds chart)More stories like this are available on bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
"I cracked a rib from a spill on a bike and a few other bumps and bruises," Nick Jonas revealed Monday night on The Voice
Amazon is in discussions to acquire the nearly century-old MGM movie studio in what would be its biggest push into entertainment yet, according to reports. MGM, the Hollywood company behind the James Bond series, would help bolster Amazon’s Prime streaming service. Amazon is weeks into negotiations to buy the studio for about $9bn (£6.4bn), according to Variety. MGM and Amazon declined to comment. MGM has been seen as a takeover target for years, but was never able to close a sale. The company made a fresh push last year, when it reportedly hired advisers to solicit offers. In seeking a deal, MGM aims to capitalise on the proliferation of streaming services, which has increased demand for large backlogs of content, and has also discussed other scenarios with tech giants. MGM, whose library includes the Rocky films and Silence of the Lambs, also held talks with Apple and Netflix about taking its new James Bond film directly to streaming. But the company said last year that it’s committed to a theatrical release for the film, which is currently slated for October 8 in the US. Amazon, meanwhile, is reshuffling its entertainment operations with the return of long-time executive Jeff Blackburn. He briefly left the e-commerce company to join Silicon Valley venture capital firm Bessemer Venture Partners. But now he is taking command of Amazon’s entire entertainment division, including the Prime Video streaming service, Amazon Studios and the video-game-streaming site Twitch. MGM traces its roots back to the 1920s merger of Marcus Loew’s Metro films with a film company run by Hollywood legend Louis Mayer. While making great pictures like Dr. Zhivago and 2001: A Space Odyssey, MGM drifted in and out of financial distress in the second half of the 20th century. Over the decades it was owned by Time, CNN founder Ted Turner and more than once by the late billionaire Kirk Kerkorian. Amazon has been rumoured to buy entertainment companies before. It was previously seen as a possible buyer of AMC Entertainment Holdings, the movie theatre chain, with some investors confusing it with AMC Networks, the owner of cable channels. Investors suffered a similar sort of confusion on Monday, with the Information report boosting shares of MGM Resorts International, a casino company that isn’t part of MGM. MGM Resorts stock jumped as much as 5.8pc in late trading before quickly retreating.
Patrick Montgomery was on conditional pretrial release in Colorado when he violated the terms by possessing a firearm.