Highlights from first quarter earnings for AMD (NASDAQ: AMD), Intel (NASDAQ: INTC), and NVIDIA Corp. (NASDAQ: NVDA), with details on the U.S. Commerce Department’s recent actions in cutting off semiconductor supply partners from Huawei. [more]
Although the lockdowns forced several retail companies to close physical stores and focus on building online sales, the industry has already been on a transition out of brick-and-mortar operations as Best Buy (NYSE: BBY), Target (NYSE: TGT), and Walmart (NYSE: WMT) focus on their e-commerce platforms. [more]
The pandemic may have slowed down demand for office spaces temporarily however, overall supply in the market maintained stability. According to Altus Group, a commercial real estate services firm, in Q1/2020, the vacancy rate in Canada dropped to 9.5% compared with 10.3% year-over-year. [more]
The Federal Reserve and the Treasury Secretary announce new extensive measures to support the economy, which brings comments from Duquesne Family Office, Blackrock, Miller Value Partners, The Leuthold Group, and Appaloosa Management. [more]
Other major events and reports related to the cannabis industry include: Cannabis Treatments for COVID-19; Canopy Growth loses two executives; Green Thumb Industries triples revenue; Tilray hopes to be profitable by year-end; United Cannabis files for bankruptcy. [more]
Airlines tighten belts to cut expenses as revenue plummets; Casinos bide their time until they can re-open; and Concert Facilities & Sporting Events go silent. [more]
Hut 8 Mining struggled to maintain top line revenues, which decreased by 14% in Q1/2020, and Riot Blockchain purchased US$1.9 million of next-generation cryptocurrency mining machines from BitMain Technologies to save on energy costs. [more]
Shopify, Netflix, Roku, Peloton, Etsy, and Pinterest book Y/Y revenue gains in 28%-60% range but some are still not profitable. [more]
Uber’s stock price increased after reporting a $2.9B loss and withdrawing guidance. Lyft’s stock price was also higher after reporting a $398M loss but more rides. However, California’s attorney general sued both for violating the recently passed state law regarding gig economy workers. [more]
All have different opinions as the COVID-19 pandemic has driven different strategies from CEOs of various investment firms including Berkshire Hathaway, Apollo, Pershing Square, and BlackRock, and research firm Rosenberg Research & Associates. [more]
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