IntelePeer Appoints Chris Botting as New Chief Product Officer
According to analyst Ming-Chi Kuo, the 2021 iPhone won't feature a drastically different design than its predecessor but could come with a smaller notch.
(Bloomberg) -- Big bank stocks regained their footing on Monday, with a fresh crop of analysts expressing bullish views on the industry’s prospects amid rebounding economic growth.The KBW Bank Index rose as much as 3.2% after shedding more than 5% in a two-day selloff as optimism about widespread vaccination, more government spending and a strengthening economy had turned into fear that rising bond yields and inflation would take a toll on companies and consumers.That concern eased on Monday as yields stabilized, allowing investors to turn their attention once again to the benefits of more stimulus and the potential end of lockdowns. Morgan Stanley raised big bank price targets and lifted estimates, with analyst Betsy Graseck noting that the economy appeared poised to break out due to Covid-19 vaccine distribution and new stimulus.She cited expectations for 10-year Treasury yields at 1.70% by year end, the resumption of buybacks and better credit, while flagging State Street Corp., Synchrony Financial, and Citigroup Inc. as top picks. State Street rose as much as 4.8% in Monday trading, heading toward its biggest advance since Jan. 6. Synchrony added 3.8% and Citigroup climbed as much as 5%. Jefferies strategists also highlighted potential share repurchases in recommending banks and energy stocks.Plus, bank stocks are the cheapest group in the S&P 500, while they’re set for rising earnings, according to Wells Fargo analyst Mike Mayo.“What’s not to like?” Mayo said in a phone interview, reiterating the three recent turning points he’s seen for banks: The efficacy of Pfizer’s Covid-19 vaccine in November; the Federal Reserve allowing for more buybacks in December, and January’s Georgia Senate elections, which paved the way for more government stimulus.Banks’ price-to-book ratios were at an all-time low until the Pfizer vaccine results, he noted, and are still in the bottom quartile among S&P 500 companies, he said.“Valuation for the big six banks has returned to pre-pandemic levels in terms of price-tangible book value,” Bloomberg Intelligence analyst Alison Williams said. She cited robust capital markets as helping the banks’ near-term return-on-equity prospects, while rising interest rates and better loan demand may be key in the second half of this year.JPMorgan Chase & Co. added as much as 2.2% on Monday, while Bank of America Corp. gained as much as 3.1% and Goldman Sachs Group Inc. climbed as much as 3.2%.Last week, Credit Suisse‘s Susan Roth Katzke wrote about the optimism of bank executives who spoke at the firm’s financial services conference, while noting flagged tepid lending as the post-pandemic recovery had yet to unfold.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
Last September, in the arid hills of northern Nevada, a cluster of flowers found nowhere else on earth died mysteriously overnight. Conservationists were quick to suspect ioneer Ltd, an Australian firm that wants to mine the lithium that lies beneath the flowers for use in electric vehicle (EV) batteries. One conservation group alleged in a lawsuit that the flowers, known as Tiehm's buckwheat, were "dug up and destroyed."
Accelerate Learning names Philip Galati as President and CEO. He replaces Dr. Vernon Johnson who is retiring.
Tesla (NASDAQ: TSLA) stock got slammed on Thursday, falling 8% after Bloomberg reported a temporary production shutdown at the electric-car maker's Fremont Model 3 production line. The selling continued into Friday, with Tesla stock slipping another 1% -- but on Monday, things already seem to be perking back up. Tesla shares were up 5.8% at 11:45 a.m. EST.
In its recent stock exchange announcement, AS Tallink Grupp (hereinafter: “Tallink”) announced that it has filed a claim against AS Tallinna Sadam (hereinafter: “Tallinna Sadam”) in the amount of EUR 15.4 million on 01.03.2021 and the submitted claim includes fees paid by AS Tallink Grupp in 2017, 2018 and 2019. Tallinna Sadam has not received the claim yet. In the opinion of Tallinna Sadam, the claim filed by Tallink for compensation of allegedly unfair port dues is unreasonable and Tallinna Sadam intends to stand up for the sustainability of the company and the interests of its shareholders. The port dues established by Tallinna Sadam for passenger ships are most competitive in the Baltic Sea region, being still lower than the comparable dues of the ports of Helsinki and Stockholm. Whereas Tallinna Sadam offers a modern port service based on high-quality infrastructure and innovative solutions. Tallinna Sadam has a long-term and transparent pricing policy, the current level of charges for passenger vessels has been valid since 2016 and they have not been indexed despite the increase in consumer prices. Tallinna Sadam also has no special off-the-price-list agreements with passenger ship operators. The management of Tallinna Sadam has been holding price negotiations with Tallink to reach an agreement on the port dues established for passenger ships, but Tallink's demands so far have been unreasonable and clearly harmful to the financial interests of Tallinna Sadam. Additional comments can be shared after receiving and reviewing the statement of claim and the arguments thereon. Tallinna Sadam is ready to continue to resolve the matter by compromise. Tallinna Sadam is one of the largest cargo- and passenger port complexes in the Baltic Sea region, which serves annually 10 million passengers and 20 million tons of cargo in average. In addition to passenger and freight services, Tallinna Sadam group also operates in shipping business via its subsidiaries – OÜ TS Laevad provides ferry services between the Estonian mainland and the largest islands, and OÜ TS Shipping charters its multifunctional vessel Botnica for icebreaking and construction services in Estonia and offshore projects abroad. Tallinna Sadam group is also a shareholder of an associate AS Green Marine, which provides waste management services. According to unaudited financial results, the group’s sales in 2020 totalled EUR 107.4 million, adjusted EBITDA EUR 58.4 million and profit EUR 28.5 million. Additional information: Sirle ArroHead of Marketing and CommunicationTel. +372 513 0979E-mail: s.arro@ts.ee
Franklin Street Properties Corp. ("FSP", "its", "our" or "we") (NYSE American: FSP), a real estate investment trust (REIT), announced today that it entered into a lease amendment with existing tenant CITGO Petroleum Corporation at its Eldridge Green property in Houston, Texas. The amendment extends the primary term of CITGO’s approximately 250,000 square foot headquarters lease by approximately 11 years, from February 28, 2022 to March 31, 2033.
The Pfizer and AstraZeneca vaccines are more than 80% effective at preventing hospitalisations from COVID-19 in those over 80 after one dose of either shot, Public Health England (PHE) said on Monday, citing a pre-print study. PHE said the real world study, with data generated from Britain's vaccine rollout, also found that protection against symptomatic COVID in those over 70 ranged between 57-61% for one dose of Pfizer-BioNTech's vaccine and between 60-73% for the Oxford-AstraZeneca one four weeks after the first shot. "These results may also help to explain why the number of COVID admissions to intensive care units among people over 80 in the UK have dropped to single figures in the last couple of weeks, which is something I know that we all welcome," health minister Matt Hancock said at a news conference.
Spinner Jack Leach said on Monday England are not obsessed by the state of the pitches in India but are keen to learn from their two-day defeat before the final Test starts this week.
Joakim Noah spent 13 seasons in the NBA.
2020 became known as the “Year of the SPAC “as the structure gained institutional support while shattering IPO and M&A records. But with success comes fresh challenges. For those considering launching new SPACs, it may become harder to entice IPO investors who have a myriad of choices and the cost of insurance can be difficult […]
Shares of Boeing (NYSE: BA) climbed as much as 7% on Monday after the company received a new order for its troubled 737 MAX and got a price-target boost on Wall Street. Boeing is still in recovery mode following the issues with the MAX and the pandemic, but the company appears to be headed in the right direction. It's been a rough year for Boeing shareholders, with the stock down 18% over the past year as the company deals with a pair of deadly 737 MAX accidents and then lower demand for new airplanes because of the pandemic.
A U.S. national security commission on Monday recommended Congress tighten up "choke points" on chipmaking technology to prevent China from overtaking the United States in semiconductors in the coming years. The National Security Commission on Artificial Intelligence (NSCAI), led by former Google Chairman Eric Schmidt, recommended clamping down on China's ability to procure the manufacturing equipment needed to make advanced computing chips. "China is making an aggressive push to promote authoritarianism around the world," an NSCAI official told Reuters.
Last September, in the arid hills of northern Nevada, a cluster of flowers found nowhere else on earth died mysteriously overnight. Conservationists were quick to suspect ioneer Ltd, an Australian firm that wants to mine the lithium that lies beneath the flowers for use in electric vehicle (EV) batteries. One conservation group alleged in a lawsuit that the flowers, known as Tiehm's buckwheat, were "dug up and destroyed."
Shaw claimed referee Stuart Attwell had not given penalty as it would ‘cause a lot of talk’
The team behind Alteon, a new production ecosystem, has tapped media and entertainment industry veteran Lior Berezinski to be VP of Product. Berezinski has spent two decades in the media and entertainment space, working with both content creators and software companies to improve digital-media workflows, manage projects and draft roadmaps for multimillion-dollar projects.
1 March 2021 HARGREAVE HALE AIM VCT PLC (the “Company”) PDMR Notification Hargreave Hale AIM VCT plc, announces that on 25 February 2021, Oliver Bedford, a Non-Executive Director of the Company, acquired 15,395 ordinary shares in the Company ("Ordinary Shares"). The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail. Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them 1Details of the person discharging managerial responsibilities (“PDMR”) / person closely associated (“PCA”) a)NameOliver Bedford 2Reason for the notification a)Position/statusPDMR Non Executive Director b)Initial notification /AmendmentInitial notification 3Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a)NameHargreave Hale AIM VCT plc b)LEI213800LRYA19A69SIT31 4Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted a)Description of the financial instrument, type of instrument Ordinary Shares Identification code ISIN: GB00B02WHS05 b)Nature of the transactionAcquisition of Shares c)Price(s) and volume(s) Price(s)Volume(s) 98.40 pence15,395 d)Aggregated information - Aggregated volume15,395 ordinary shares in aggregate - Price£15,148.68 e)Date of the transaction25 February 2021 f)Place of the transactionLondon Stock Exchange Following the above acquisition of shares, Oliver Bedford holds 58,335 Ordinary Shares in the Company, including 6,532 shares owned by a Person Closely Associated. END For further information, please contact: JTC (UK) LimitedSusan.FadilRuth WrightHHV.CoSec@jtcgroup.com +44 20 3893 1005 +44 203 893 1011 LEI: 213800LRYA19A69SIT31
QuickSet, one of the flagship technologies from Universal Electronics, will be available to TV brands adopting LG’s webOS TV platform ecosystem.
J&J CEO Alex Gorsky joins Yahoo Finance to discuss the company's successful journey to authorization of a COVID-19 vaccine.
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