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The Latest: Africa cases near 1M, over half in South Africa
The Latest: Africa cases near 1M, over half in South Africa
| August 6th | 2020  5:34AM
The Latest: Africa cases near 1M, over half in South Africa
JOHANNESBURG — As Africa’s confirmed coronavirus cases near 1 million, the director of the Africa Centers for Disease Control and Prevention warns that “we cannot at all exercise fatigue” in the pandemic response. John Nkengasong spoke to reporters as the continent’s cases are now at more than 992,000. More than half are in South Africa.
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The Latest: Germany requires tests for most non-EU arrivals
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| August 6th | 2020  5:23AM
The Latest: Germany requires tests for most non-EU arrivals
BERLIN — Germany’s health minister says authorities will require people arriving from a large number of countries deemed high-risk to take coronavirus tests starting on Saturday. German officials have voiced alarm over a steady upward creep in the number of new infections over recent weeks. The national disease control center on Wednesday…
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The Latest: Philippines overtakes Indonesia in virus cases
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| August 6th | 2020  5:16AM
The Latest: Philippines overtakes Indonesia in virus cases
MANILA, Philippines — The Philippines reported 3,561 new coronavirus cases Thursday, overtaking Indonesia with the most infections in Southeast Asia, as Manila plunged into a recession. The latest jump brings confirmed cases to 119,460, including 2,150 deaths. Indonesia reported a total of 118,753 confirmed infections as of Thursday,…
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Nintendo profit zooms as virus has homebodies playing games
Nintendo profit zooms as virus has homebodies playing games
| August 6th | 2020  5:11AM
Nintendo profit zooms as virus has homebodies playing games
TOKYO (AP) — Nintendo Co.'s profit multiplied more than sixfold in April-June as people stuck at home during the pandemic turned to playing video games. The Japanese manufacturer of Pokemon and Super Mario games, as well as the Switch console, reported Thursday a profit of 106.4 billion yen ($1 billion) in the fiscal first quarter, up from 16.6 billion yen last year.
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World shares mixed as investors watch talks on US stimulus
World shares mixed as investors watch talks on US stimulus
| August 6th | 2020  4:34AM
World shares mixed as investors watch talks on US stimulus
Stocks were mixed in Europe and Asia on Thursday as investors watched to see if lawmakers will come ahead with fresh stimulus for a U.S. economy struggling with shutdowns as new coronavirus outbreaks flare. Germany's DAX gained 0.5% to 12,727.71 while the CAC 40 in Paris slipped 0.2% to 4,924.39. Britain's FTSE 100 fell 1.3% to 6,024.60.
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New lockdown ratchets up economic pain in Australian city
New lockdown ratchets up economic pain in Australian city
| August 6th | 2020  4:12AM
New lockdown ratchets up economic pain in Australian city
MELBOURNE, Australia (AP) — A bright side for plant nurseries of Melbourne’s first pandemic stay-at-home order was that many householders took the time to garden. But the latest lockdown in Australia’s second-largest city is far tougher. More than 250,000 people were thrown out of work on Thursday. Those whose jobs are deemed essential…
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Bank of England holds off more stimulus, sees slow recovery
Bank of England holds off more stimulus, sees slow recovery
| August 6th | 2020  4:12AM
Bank of England holds off more stimulus, sees slow recovery
LONDON (AP) — The Bank of England held off providing more monetary stimulus on Thursday as Britain reopens after the pandemic lockdowns, but it warned it would take time for the economy to heal and unemployment would keep rising this year. While the central bank forecast that the economy would shrink less than previously expected this…
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Lufhansa see revenues drop 80%, no full recovery until 2024
Lufhansa see revenues drop 80%, no full recovery until 2024
| August 6th | 2020  3:40AM
Lufhansa see revenues drop 80%, no full recovery until 2024
FRANKFURT, Germany (AP) — German airline group Lufthansa on Thursday reported a net loss of 1.49 billion euros ($1.77 billion) for the second quarter, when the pandemic essentially shut down passenger traffic, and issued a sobering forecast for demand to not reach pre-virus levels before 2024. “Especially for long-haul routes there will…
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Surge in German factory orders bolsters hope for recovery
Surge in German factory orders bolsters hope for recovery
| August 6th | 2020  3:32AM
Surge in German factory orders bolsters hope for recovery
BERLIN (AP) — German factory orders surged in June, according to figures released Thursday, giving hope that Europe's largest economy is on track for a recovery from declines suffered from the coronavirus pandemic lockdown earlier in the year. Industrial orders rose by 27.9% in June over the previous month, according to figures from the…
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Toyota's profit plunges as pandemic halves vehicle sales
Toyota's profit plunges as pandemic halves vehicle sales
| August 6th | 2020  2:32AM
Toyota's profit plunges as pandemic halves vehicle sales
TOKYO (AP) — Toyota’s profit plunged 74% in the last quarter as the coronavirus pandemic sank vehicle sales to about half of what the top Japanese automaker sold the previous year. Toyota Motor Corp. reported on Thursday a profit of 158.8 billion yen ($1.5 billion) in April-June, down from 619 billion yen in the same period last year.
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Newell Brands (NYSE: NWL) Stock an Overlooked Pandemic Value Play
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| August 5th | 2020  6:05AM
Newell Brands (NYSE: NWL) Stock an Overlooked Pandemic Value Play
Consumer and commercial products maker Newell Brands (NYSE: NWL) shares have been trading below its pre-pandemic levels and underperforming the benchmark S&P 500 index (NYSEARCA: SPY). As a consumer products play, the market may be underpricing this stock. While the reaction to the Q2 fiscal 2020 earnings was a sell-the-news reaction, shares pulled…
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Jumia Technologies (NYSE:JMIA) Stock: Africa’s Up and Coming E-commerce Startup
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| August 5th | 2020  6:00AM
Jumia Technologies (NYSE:JMIA) Stock: Africa’s Up and Coming E-commerce Startup
The e-commerce industry has been one of the hottest places to find lucrative investment opportunities in the stock market for a while now. Companies like Amazon (NASDAQ:AMZN), Shopify (NYSE:SHOP), and Alibaba (NYSE:BABA) have been rewarding investors with truly incredible gains as a result of the pandemic and a perceived shift in consumer shopping habits towards online e-commerce platforms.
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Square (NYSE: SQ) Surges More Than 10% on Bitcoin-Fueled Earnings Beat
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| August 5th | 2020  1:00AM
Square (NYSE: SQ) Surges More Than 10% on Bitcoin-Fueled Earnings Beat
Square (NYSE: SQ) released earnings a day earlier than expected and investors cheered the results, bidding shares up to over $150 in after-hours trading. The mobile payment processor has now nearly 5x’ed off its mid-March lows, and trades at nearly double its 2019 highs. Square is still losing money; its net loss widened to $11 million after…
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What's Shaking at Shake Shack (NYSE:SHAK)?
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| August 5th | 2020  1:00AM
What's Shaking at Shake Shack (NYSE:SHAK)?
Like many upstart restaurant chains, the COVID-19 pandemic has put a wrench in Shake Shack's (NYSE:SHAK) growth trajectory. Once a stock market darling for its rapid expansion and sales growth, the share price has been cut in half since climbing to a September 2019 peak above $105. Investors have grown increasingly concerned that the company may…
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Upwork Inc (NASDAQ:UPWK) Is A Work-At-Home Win You Should Avoid
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| August 5th | 2020  1:00AM
Upwork Inc (NASDAQ:UPWK) Is A Work-At-Home Win You Should Avoid
Upwork Is The Gateway To Work-At-Home Upwork Inc (NASDAQ:UPWK) is a company close to my heart. It was only what, 10 years ago I began my journey as a financial blogger and my first big breaks came through Upwork. Over the last decade, I have used the site almost daily, weekly for sure, earning a decent living in the process. I was excited to hear the…
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Who Is The Mosaic Company And Why Did Stock Jump 16% Yesterday?
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| August 5th | 2020  1:00AM
Who Is The Mosaic Company And Why Did Stock Jump 16% Yesterday?
With the S&P 500 index hitting post coronavirus highs and coming within 3% of pre crash levels, Wall Street was a sea of green on Tuesday. But one company shone above all others and that was The Mosaic Company (NYSE: MOS), the world's leading producer of phosphate and potash fertilizers for the agriculture industry. The $6 billion, Florida based,…
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Activision Blizzard (NASDAQ:ATVI) Makes Gains, Rolls Out Exciting 3Q Forecast
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| August 5th | 2020  1:00AM
Activision Blizzard (NASDAQ:ATVI) Makes Gains, Rolls Out Exciting 3Q Forecast
The biggest winners in the market for the second quarter were pretty much any stock that enabled us staying at home. Whether it was work-from-home, streaming video, or even food delivery, if it was connecting goods and services to people who were in many cases forbidden by government mandate from leaving the house, it stood an excellent chance of gaining.
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Paycom Software (NYSE:PAYC): It’s Time To Buy Some
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| August 5th | 2020  1:00AM
Paycom Software (NYSE:PAYC): It’s Time To Buy Some
 A Hiccup In Business But Still Growing If you were concerned that Paycom Software (NYSE:PAYC) would experience some pain due to the COVID-19 pandemic you’d be right. If you thought it would have a negative impact on the company’s growth you’d also be right, but the company is still growing. While the pandemic did have an impact…
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Aging of America is a Catalyst for Flexion Therapeutics
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| August 5th | 2020  1:00AM
Aging of America is a Catalyst for Flexion Therapeutics
Flexion Therapeutics (NASDAQ:FLXN) will report earnings after the markets close on August 5. The company is expected to announce negative earnings per share of 70 cents on revenue of $9.9 million. However, Flexion already released preliminary second-quarter net sales for its flagship drug, Zilretta of over $15 million. Zilretta is Flexion’s flagship osteoarthritis drug.
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Kepler Capital Markets Analysts Give Diageo (LON:DGE) a GBX 2,750 Price Target
IPG Photonics (NASDAQ:IPGP) Stock Rating Reaffirmed by DA Davidson
Westrock's (WRK) "Buy" Rating Reaffirmed at DA Davidson
LyondellBasell Industries (NYSE:LYB) Given Sector Perform Rating at Scotiabank
Orchid Island Capital (NYSE:ORC) Upgraded by Zacks Investment Research to "Buy"
Penumbra (NYSE:PEN) Upgraded at Zacks Investment Research
PennyMac Mortgage Investment Trust (NYSE:PMT) Cut to "Sell" at Zacks Investment Research
ORBCOMM (NASDAQ:ORBC) Cut to Hold at Zacks Investment Research
Precigen (NASDAQ:PGEN) Upgraded at Zacks Investment Research
Middlesex Water (NASDAQ:MSEX) Upgraded at Zacks Investment Research
MidWestOne Financial Group (NASDAQ:MOFG) Raised to Hold at Zacks Investment Research
Mobileiron (NASDAQ:MOBL) Downgraded by Zacks Investment Research to Sell
Navigator (NYSE:NVGS) Lifted to "Hold" at Zacks Investment Research
HSBC (LON:HSBA) Given a GBX 380 Price Target by Berenberg Bank Analysts
Zacks Investment Research Downgrades Mongodb (NASDAQ:MDB) to Sell
Mercury General (NYSE:MCY) Raised to "Strong-Buy" at Zacks Investment Research
Merchants Bancorp (NASDAQ:MBIN) Stock Rating Upgraded by Zacks Investment Research
Luxfer (NYSE:LXFR) Stock Rating Upgraded by Zacks Investment Research
Linde (NYSE:LIN) Raised to "Buy" at Zacks Investment Research

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