As the Covid-19 pandemic socially isolates most economies across the world, the business world is quickly changing from office space to remote environments. Companies adapting online focus on three areas of digital transformation: (1) cloud storage, (2) workplace communication, and (3) video conferencing. [more]
In light of the Covid-19 lock-downs, consumers are saturating the internet for streaming services, but the network structures currently in place do not have the capability to handle the high congestion, especially in low bandwidth areas. [more]
The U.S. Weekly Initial Jobless Claims, to no-one’s surprise, spiked last week. [more]
If you return to the market too soon, you could be fooled by a false recovery, especially in times such as these that are unpredictable due to the coronavirus. [more]
Corporations are starting to reduce dividends to cut costs as they are severely impacted by the Covid-19 virus after already struggling this past year due to the recent trade war between the U.S. and China, and the fears of the economic cycle turning full circle into a recession. [more]
The transaction values SEMAFO at $3/share and, on an EV/oz basis, at C$155/oz, creating the largest gold producer in West Africa, with six operating mines, and combined gold production of over 1 million ounces expected in 2020. [more]
U.S. economic pundits are now forecasting two consecutive quarters of negative GDP growth, either Q1 and Q2 or Q2 and Q3. Either way, that is the definition of an Economic Recession. [more]
Amazon, DoorDash, and Blue Apron, are experiencing high volumes of demand for deliveries as countries lock down communities due to the Covid-19 virus. [more]
Valve’s Steam hits record number of users; Activision launches battle royale Call of Duty and downloads hit record levels; NVIDIA’s GeForce Now starts to sell out memberships; but eSports events such as E3 and GDC cancelled. [more]
Aurora lays off 500 employees and writes down $1B; Hexo dismisses 200 employees and writes down $270M; Canopy closes two facilities with 500 employees and stops plans for third facility; many U.S. listed cannabis companies fall under $1/share; Canopy closes all retail stores. [more]
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