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Assist of the Night: Trae Young

Assist of the Night: Trae Young - December 30, 2021

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Latest Stories

  • Australia's Graincorp hikes annual profit forecast again amid high demand

    The company said it now expects fiscal 2022 underlying net profit after tax to be A$365 million ($254.08 million) to A$400 million, compared with its earlier forecast of A$310 million to A$370 million, up significantly from A$139 million reported last year. The agribusiness and processing businesses were on track to deliver record financial results, the company said, adding its supply chains were operating at close to full capacity to export grains.

  • BlackBerry Stock is Rallying! Buy Before It’s Too Late

    BlackBerry’s improving fundamentals have helped its stock soar lately and outperform the broader market. The post BlackBerry Stock is Rallying! Buy Before It’s Too Late appeared first on The Motley Fool Canada.

  • Novavax tumbles 30% as waning COVID-19 vaccine demand hits outlook

    Demand for its vaccine is also waning in the United States, where it was authorized for use among adults last month and was expected to be preferred by the skeptics of messenger RNA-based shots from Moderna Inc and Pfizer Inc. But only 7,381 Novavax vaccine doses have been administered so far in the country and Chief Executive Stanley Erck said that its late launch could have hampered demand. Novavax shares fell 29.6% to close down at $40.28 a share.

  • RRSP Investors: 1 Top Contrarian Stock to Buy Now

    Here's why this top Canadian energy stock with a high dividend yield looks undervalued and good to buy now for a self-directed RRSP. The post RRSP Investors: 1 Top Contrarian Stock to Buy Now appeared first on The Motley Fool Canada.

  • Nasdaq looks to Latin America to replace some lost Chinese IPOs

    Latin American companies could replace at least some of the Chinese companies' initial public offerings (IPOs) that have disappeared from western markets this year, a senior Nasdaq executive said. Regulators in Beijing and Washington have increased their scrutiny of Chinese companies listed in the United States, and a dispute over access to audit papers could lead to Chinese companies being delisted from U.S. exchanges. Four Latin American Companies were listed, down from 20 last year, and 11 companies from countries in Southeast Asia, compared with 19 last year.

  • USW chief vows to organize clean energy, electric car and retail workers

    LAS VEGAS (Reuters) -The head of the United Steelworkers union on Monday vowed to pursue employees in clean energy, electric cars and retail industries as it seeks to adapt to a changing economy and rebuild membership in old-line industries. Thomas Conway, the leader of the USW, told an audience of about 3,500 union members and retirees at its constitutional convention it will train more organizers and appeal to traditional and new-industry workers. "We're going to be there - in offshore wind, electric vehicles, mining nickel and copper," said Conway, whose speech to a packed conference room at the MGM Grand hotel was the USW's equivalent of a presidential state of the union address.

  • WSP Global to buy U.K. environmental firm as rapid-fire acquisitions continue

    MONTREAL — WSP Global Inc. is extending its buying streak, as the Montreal-based engineering giant announced its sixth acquisition in 10 weeks. The company said Monday after markets closed it has reached a roughly $975-million deal to purchase RPS, a consulting firm based in the United Kingdom with about $875 million in annual revenue and 5,000 employees worldwide. The 52-year-old outfit focuses on climate change and energy consulting, an area where WSP has recently broadened its footprint. In J

  • 'Crop yields will suffer': Fertilizer reduction targets pitting farmers against federal government

    Tactic to lower emissions will reduce yields at a time when food security is a major concern, farmers argue

  • Bridgewater pushes back against Chinese 'All Weather' copycats

    Billionaire hedge fund manager Ray Dalio's huge popularity in China has not only drawn local investors flocking to his funds but also spawned home-grown challengers using his "All Weather" strategy and brand to try to beat him at his own game. Now, the Connecticut-based hedge fund giant he founded, Bridgewater Associates, is pushing back. In recent months, Bridgewater registered in China several "All Weather" trademarks in English and Chinese, an effort to tackle the "confusion" created by local copycats, said Joanna Alpert, Bridgewater China's portfolio manager.

  • Scholz party rejects bid to expel German ex-leader Schroeder

    BERLIN (AP) — Local officials with German Chancellor Olaf Scholz’s party rejected a bid to expel former Chancellor Gerhard Schroeder over his close ties to Russia, the news agency dpa reported Monday. An arbitration committee of the center-left Social Democrats’ branch in Hannover, where Schroeder lives, considered 17 applications from party members for proceedings against him. Schroeder’s longstanding connections to the Russian energy sector and refusal to distance himself fully from President

  • EYEWEAR NOT AFFORDABLE FOR 55% OF BRITISH COLUMBIANS, SPECSAVERS RESEARCH FINDS

    As rising interest rates and inflation leads to cost of living increases, British Columbians are becoming more price-conscious, and that attitude extends even to necessary health checks. Specsavers survey, conducted by Research Co., showed that 55% of British Columbians believe prescription eyewear is not affordable1 and many feel that price is a top consideration when purchasing a new pair of glasses (65%), and when selecting an optometry clinic for an eye exam (69%)2.

  • SoftBank plans Vision Fund job cuts after record net loss

    SoftBank Group Corp is planning to cut headcount at its flagship Vision Fund investing arm, CEO Masayoshi Son said on Monday, after a crash in the value of its portfolio pushed his conglomerate to a record quarterly net loss. Vision Fund, which upended the world of venture capital with splashy bets on startups such as ridehailers Uber and Didi, posted a $23.1 billion loss in the April-June quarter as value evaporated from its investments in the market rout. "The world is in great confusion," Son said at an earnings news conference.

  • Roblox slides as bookings miss raise gaming slowdown worries

    (Reuters) -Roblox Corp missed estimates for quarterly bookings on Tuesday, in yet another sign the gaming industry is facing a slowdown after a pandemic-fueled boom, sending shares of the gaming platform down around 19% in extended trading. Roblox's downbeat results come as firms ranging from console makers and chip makers to video game publishers warn of a slowdown in the gaming world as red hot inflation hammers discretionary spending, challenging the idea of a "recession proof" industry. The California-based Roblox, famous for its games "Jailbreak" and "MeepCity", posted net bookings of $639.9 million in the second quarter, compared with $665.5 million a year earlier.

  • Cenovus to buy remaining 50% stake in Toledo refinery from BP

    The deal marks a continuation of BP's reshaping of its North American oil and gas operations, as it tries to cut its greenhouse gas emissions to appease investors. Cenovus said the Toledo refinery recently completed a major, once in five years turnaround, and the deal will bring company's total refining capacity to 740,000 barrels per day. "Fully owning the Toledo refinery provides a unique opportunity to further integrate our heavy oil production and refining capabilities," Alex Pourbaix, Cenovus's chief executive officer, said in a statement.

  • Dufry's turnover more than doubles as sales inch towards 2019 levels

    (Reuters) -Swiss duty-free retailer Dufry said on Tuesday it saw strong sales momentum continue in July despite the soaring inflation, after its turnover more than doubled in the first six months of the year. The Basel-based group posted a 146% rise in turnover to 2.92 billion Swiss francs ($3.06 billion) in the January to June period, corresponding to 75.5% of the pre-pandemic 2019 levels in constant currency. Chief Executive Officer Xavier Rossinyol, who took over the role from June 1, said the strong momentum had continued into July, when it reached around 90% of 2019 turnover levels.

  • Canada's Fairfax proposes C$1.2 billion takeover bid for Recipe

    The offer price marks a premium of more than 53% to Recipe's last close. Recipe said it had entered into a letter of intent with Fairfax, adding its board would recommend shareholders vote in favor of a takeover once the deal was finalized. Founded in 1883, Vaughan, Canada-based Recipe operates brands such as Kelseys, East Side Mario's and New York Fries.

  • Vuzix Reports Second Quarter 2022 Results

    Vuzix® Corporation (NASDAQ: VUZI) ("Vuzix" or the "Company"), a leading supplier of Smart Glasses and Augmented Reality (AR) technologies and products, today reported its second quarter results for the period ended June 30, 2022.

  • Oil rises nearly 2% on strong economic data but trade choppy

    Oil prices rose nearly 2% on Monday in volatile trading, bouncing off multi-month lows touched last week, as positive economic data from China and the United States fed hopes for demand despite nagging fears of a recession. U.S. West Texas Intermediate crude was at $90.76 a barrel, up $1.75, or 1.97%. It was Brent's biggest weekly drop since April 2020, and WTI lost 9.7%.

  • FM Global allocates US$300 million, first-of-its-kind 'resilience credit' to help policyholders proactively invest in climate resilience

    Policyholders of FM Global, which include one of every three Fortune 500 companies and similar size organizations worldwide, will collectively receive approximately US$300 million in a first-of-its-kind 'resilience credit,' providing them with additional means to invest in climate resilience solutions. The credit has the potential to help those organizations reduce total loss expectancies related to wind, flood and wildfire exposure by more than US$120 billion which, in turn, can magnify their p

  • Northrop buys trio of SpaceX launches as it upgrades Antares rocket

    Northrop Grumman has signed a launch deal with Elon Musk's SpaceX to send three cargo missions to the International Space Station while the company builds an upgraded version of its workhorse Antares rocket, a Northrop spokeswoman said on Monday. The launch agreement with SpaceX coincides with Northrop climbing out of a months-long predicament with its workhorse Antares rocket, whose Russian-made engines were cut off from the United States in March by Moscow in retaliation for Western sanctions over its invasion of Ukraine. "The launches will take place in late 2023 and 2024 from the Kennedy Space Center, Florida in support of the NG-20, -21 and -22 CRS missions," Northrop spokeswoman Ellen Klicka said in an email.