World News – GB – The iconic Rubik’s Cube turns 40

LONDON, nov 5, 2020 / PRNewswire / – In 1980, when the puzzle created by Hungarian professor Ernő Rubik changed its name to one bearing the name of the inventor, no one could have foreseen the incredible success that was to follow

Today, 40 years after the global launch of a puzzle originally created by Rubik to help architectural students understand design, the Rubik’s Cube is widely recognized as not only the most popular puzzle in the world of all time, but also the best sell one too Over the past four decades, 450 million cubes have been sold all over the world Indeed, it is estimated that one in seven of the world’s population – surprisingly over a billion people – have played with a Rubik’s Cube at one point

The simple Cube, with nine squares in six different colors (white, yellow, orange, red, green, blue), has become one of the most recognizable artifacts of our time – a true icon of pop culture

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He hasn’t only appeared in music videos for Jennifer Lopez and Taylor Swift, he’s appeared in a variety of TV shows, including Stranger Things, Killing Eve and The Simpsons, and the Toy Story 4 movies, WALL -E and Armageddon, it is also in the spotlight as a permanent exhibit at the Museum of Modern Art in New York City basketball player Kobe Bryant was immortalized in a Rubik’s Cube mosaic Will Smith, Justin Bieber and the gold medal-winning cyclist Olympic Mark Cavendish are all fans The Cube was the focus of a recent Netflix documentary, The Speed ​​Cubers, starring two of the world’s fastest cubers – Max Park and Feliks Zemdegs

Not bad for something originally created behind the Iron Curtain by a man whose magical outlook on life can best be expressed in his words: « If you are curious you will find the puzzles around you If you are determined, you will solve them « 

The culmination of the 40th anniversary of the Rubik’s Cube’s transformation into a global phenomenon is expected to culminate with the first staging of the Red Bull Rubik’s Cube Digital World Cup this Saturday, November 7, 2020, after two previous years in which the finalists could face each other face to face

Using the new digital Rubik’s Connected Cube, the final will feature the winners of a series of local and national digital qualifiers, as well as the 2019 season champions – including Max Park (USA), Juliette Sebastian ( France) and the Weyer Brothers Sebastian and Philipp (Germany), who received a wildcard

Christoph Bettin, CEO of the Rubik’s brand, said the new Connected Cube was a natural progression in Rubik’s evolution, given more time spent online in the wake of the COVID-19 pandemic, he said : « The very exciting element is that this connected cube will encourage cubers to interact with other players around the world, starting with the very first digital speedcubing competition, in the form of the Red Bull Rubik’s Cube World Cup And we must not forget that you will also be challenged to improve your skills in science, technology, engineering and mathematics « 

Indeed, the Rubik’s brand has proven itself once again during this difficult year.In 2020, a number of Rubik’s Ambassadors have broadcast on Rubik’s social channels with the aim of ‘inspire and teach people all about the solution A new Rubik’s Speed ​​Cube has also been launched, designed for faster solutions

Christoph Bettin said: “We quickly learned at the start of the lockdown that interest resolution was at an all time high for those who chose to devote their time to learning a new skill. Very quickly, the term #CubeAtHome was seen by over 27 million people on the TikTok channel It spread to other social media platforms, with Rubik being celebrated in over 50 million different digital posts d ‘Instagram to YouTube in September 2020 only

« We’ve boosted social media interest with a new campaign called ‘Adventure Every Turn’, which encouraged Cube fans to check out the solution guides and take on the challenge of unraveling a Scrambled Cube This post has been amplified by a team of Rubik Ambassadors who have produced content viewed over 500 million times so far in 2020 « 

Cube inventor Ernő Rubik even wrote a critically acclaimed puzzle book titled «  Cubed – the Puzzle of us all,  » which was released in the United States and throughout the world. ‘Europe in September 2020

So, as the 40th anniversary celebrations come to a close, it’s no surprise that a new generation of Cubers – not yet born when Ideal Toy began mass distribution in 1980 – have joined the brand

Christoph Bettin concludes: « What’s very exciting is that we are becoming a lifestyle brand with geeks, hipsters, kids and retro fans to name a few Rubik’s offers something for everyone! And what better way to end the year than with the Beyond Rubik’s Cube exhibit at the Liberty Science Center in New Jersey, USA, which runs through April 2021? « 

Biden has proposed raising the capital gains tax rate from 20% to 396% for those earning more than $ 1 million, which would be a blow to the industry. asset management Other tax hikes he proposed included increasing the statutory corporate tax rate from 21% to 28% Biden led the major Midwestern states in the race for the White House as votes were counted Wednesday afternoon, but President Donald Trump’s Republican Party was on the verge of retaining control of the Senate even as the Democrats retained their majority in the House of Representatives

Joe Biden is closer to securing the US presidency; Stock futures are on the rise and the tech sector is leading on the potential of a divided government; Qualcomm takes off after beating earnings; Fed issues decision on interest rates

Amazon Inc (NASDAQ: AMZN) CEO Jeff Bezos offloaded $ 3 billion in shares of the e-commerce company this week, according to documents filed with the U.S Securities and Exchange Commission Wednesday What Happened: Bezos’ beneficial ownership filings show a total of one million common shares sold on Monday and Tuesday The deals were part of the 10b5-1 business plan of Amazon – a strategy that allows company insiders to sell shares at predefined parametersWith the recent sale, Bezos has sold over $ 10 billion in Amazon stock this year, but still owns more than 10% of the tech firm’s equity.In August, the billionaire entrepreneur and investor sold one billion shares in the $ 3,102 price range85 and 318326 Bezos had previously sold shares worth about $ 4 billion between January and February When Does It Matter: Bezos, in 2018, revealed that he was selling about $ 1 billion of Amazon shares annually for finance Blue Origin LLC – the aerospace equipment manufacturing company he founded in 2000 By 2019, Bezos had sold Amazon common stock worth around $ 2.8 billion Benzinga take: Bezos does not sell its shares in the open market, and 10b5-1 sales like these are common for the CEO of Amazon to fund other companies of his interests, including Blue Origin and philanthropic work This event does not necessarily reflect the Bezos take on Amazon’s future stock performance Price action: AMZN closed 632% higher at $ 3,241 16 Photo courtesy of Seattle City Council via Flickr See more from Benzinga * Click here for Ben’s options trades zinga * Spotify rolls out standalone streaming on Apple Watch app: TechCrunch * Chinese company shares rise – Thanks to Trump (C) 2020 Benzingacom Benzinga does not provide investment advice All rights reserved

Shares of Qualcomm Inc (NASDAQ: QCOM) climbed 12% in Wednesday’s after-hours session The surge came as the chipmaker predicted demand for 5G smartphones would double shipments. next year, with an expected range of 450 million to 550 million smartphonesWhat happened: Besides smartphones, the company also expects to take advantage of the Internet of Things and networking equipment segments, according to the Wall Street Journal On Wednesday, Qualcomm released its financial data for the fourth quarter and fiscal year ended September 27 GAAP revenue of $ 23 53 billion for fiscal 2020 fell 3% year-over-year, while diluted GAAP earnings per share of $ 4.52 were 26% higher compared to Q4 2019 This includes a $ 1 8 billion or $ 1 Impact of 37 per share of a settlement agreement as well as some royalties under the new global patent license agreement with Huawei See more profits on QCOMQualcomm CEO Steve Mollenkopf said the company is « well positioned for growth in 2021 and beyond » Why it matters: Apple’s 5G device launches could further boost Qualcomm’s sales in the coming quarters, a ra pported the Journal on the basis of a consensus of analystsSemiconductor industry sees wave of consolidation with merger deals Last week, reports revealed that Marvell Technology Group Ltd (NASDAQ: MRVL) and Inphi Corporation (NASDAQ: IPHI) are in talks for a deal $ 10 billion In mid-September, Nvidia Inc (NASDAQ: NVDA) bought UK semiconductor company Arm Holdings for $ 40 billionPrice action: after a 2nd 81% increase during trading hours, QCOM stock rose again 1289% in the afternoon to $ 14560 per shareView more from Benzingacom Benzinga does not provide investment advice All rights are reserved

BYD joined Chinese electric car companies Nio, Xpeng Motors and Li Auto to report strong October sales

Several of Cathie Wood’s high-performing Ark ETFSs bought shares of two underperforming stocks on Tuesday What Happened: Shares of Alibaba Group Holding (NYSE: BABA) fell 8% on Tuesday after Ant Group’s IPO withdrawal from China Alibaba owns more than 30% of Ant Group Shares of Paypal Holdings Inc (NASDAQ: PYPL) fell 4% on Tuesday after announcing third quarter results ETF Ark Fintech Innovation (NYSE: ARKF) bought on Tuesday 9,443 Alibaba shares and 23,285 Paypal shares Ark Innovation ETF (NYSE: ARKK) bought 538,871 Paypal shares Ark Next Generation Internet ETF (NYSE: ARKW) bought 116,504 Paypal shares and 29,683 Alibaba shares Related link: Cathie Wood increases Teladoc’s holdings in Ark ETFs Why it matters: Purchases of the three ETFs were around 1% of the total assets of each fund Ark Innovation and Ark Next Generation achieved on Tuesday significant sales of shares of e Tesla Inc (NASDAQ: TSLA) Both ETFs sold for around 065% of the total assets of the fund attributed to the electric vehicle company Tesla shares rose more than 400% in 2020 Paypal and Alibaba are the Top 10 Fintech Innovation ETFs Paypal has become a new stake in ETF Ark InnovationPrice action: Alibaba shares are up 3% on Wednesday Paypal shares are trading 8% higher on WednesdayPhoto credit: Andy Mitchell, Flickr View more from Benzinga * Click here for Benzinga options trades * Alibaba stock falls as Ant Group IPO is suspended in China * Alibaba could break singles day record with 3 additional shopping days (C) 2020 Benzingacom Benzinga does not provide investment advice All rights reserved

Jim Cramer discusses the latest stock market news, including the coronavirus stimulus package, auto stocks and the market rally a day after Election Day

I recently had a conversation with a colleague about retirement and was told I am saving too much! My wife and I are both 57 and have been aggressive savers ever since my brother, an institutional financial expert for retirement, told us to maximize our savings when we were 25.

Tesla Inc (NASDAQ: TSLA) has received an order for 150 units of its semi-electric truck from a trucking conglomerate based in Mississauga, Canada What Happened: Pride Group Enterprises announced in a statement on Wednesday that he had placed a depot to secure the initial units and build locations and would further consider purchasing up to 500 trucks « We believe electrification is the way of the future as we work together in several sectors to reduce our carbon footprint « , said Sam Johal, CEO of Pride Group »The vision of Pride Group Enterprises is to invest in facilities that will support charging, full maintenance and a constant supply of electric trucks on North American highways.“The company said it was busy investing in the necessary infrastructure for parking, charging and maintenance at its sites to support the arrival of fully electric Class 8 trucks.Why it matters: Pride Group, a privately held company, has 12 branches in the United States and Canada The company of 300 employees had a five-year growth rate of 2,365% in September of last year, according to Canadian BusinessLa Pride Group’s order exceeds 130 units ordered by Walmart Inc (NYSE: WMT) in Canada Tesla CEO Elon Musk said this summer it’s time to bring the semi truck to « volume production » The company had unveiled two concept vehicles in November 2017, with production slated to begin in 2021 around the time Price action: Tesla shares closed nearly 07% lower at $ 42098 on Wednesday and gained 034% in the session after the Hours Photo courtesy: Tesla See more Benzinga * Click here for Benzinga options trades * Tesla was one month out of bankruptcy before Model 3 rollout, says Musk * Tesla FSD Beta is next rollout In Canada, Norway , Musk says (C) 2020 Benzingacom Benzinga does not provide investment advice All rights reserved

Apple has been an American success story on several occasions with the Mac, iPod, iPhone and other inventions But is Apple stock a buy now? Here’s what his stock chart and results show

There is still time to benefit from the 2020 IRA contribution limits And there is a good chance that you have not yet put the maximum allowed

(Bloomberg) – China’s decision to abruptly halt the world’s biggest stock market debuts sends a clear message to global investors: any financial opening will only happen on terms that benefit President Xi Jinping and the Communist Party Policymakers in Beijing shocked the investment community on Tuesday by suspending an initial public offering by Ant Group Co, a fintech company owned by billionaire Jack Ma – China’s second richest man The decision came two just days before the shares were traded in a list that drew at least $ 3 trillion in orders from individual investorsThe timing of the decision has shown once again that for Xi and the party, financial and political stability take precedence over ceding control of the economy – especially to a private company. In Beijing’s view, allowing the IPO to go ahead could effectively give Ant too much leverage in the financial system, posing broader risks that could ultimately undermine the party’s grip. on power“The party is showing strength,” said Victor Shih, associate professor at UC San Diego and author of “Factions and Finance in China: Elite Conflict and Inflation.” That said to Jack Ma, you’re going to have the biggest introduction on the stock exchange in the world, but that’s not a big deal for the CCP, which oversees the world’s second-largest economy. “While the party has many tools to crush political dissidents, local officials have sometimes struggled to contain outbursts of anger caused by key issues such as labor disputes, investment fraud and environmental disasters To mitigate threats to the financial system or party authority, Xi’s government has demonstrated over the past decade that it has no problem wiping out billionaires and private companiesFor foreign investors, the Ant saga has raised questions about the viability of Hong Kong and Shanghai as premium financial centers This is especially the case after China announced a wider opening in a new plan last week. five-year plan that set a timetable for moving forward with past promises to allow more foreign access and gradually relax controls on the yuan and capital flowsThe sequence and timing of events of the failed IPO will raise doubts among foreign investors about China’s commitment to the kind of transparency needed in modern and open capital markets, Said Fraser Howie, author of « Red Capitalism: The Fragile Financial Foundation of China’s Extraordinary Rise » « It sends a number of signals, often contradictory », said Howie « Investors should therefore be concerned about the listing process in China , they will be concerned about disclosure, they will be concerned about arbitrary maneuvering on the part of regulators « Many analysts have found this decision sound, even though the timing is unsettling Chinese regulators have said Ant’s business model allows it effectively charge higher fees for transactions while state-owned banks assumed most of the risk At the same time that Ant sought to list, authorities were rushing to craft rules that would subject financial holding companies to higher capital requirements. It is also planning to create a digital yuan, which is part of its drive to keep control over the stability of its payments system.The China Securities Regulatory Commission said on Wednesday that it supports the Shanghai Stock Exchange’s decision to block « rushed » initial public offering Changes in financial technology industry regulations have « huge impact » on Ant’s operating structure and profit model, he said in a statementMa’s risky speech at a conference in Shanghai on October 24, Ma accused global regulators of focusing too much on risk and criticized China’s own measures to stifle innovation.The remarks came after the vice -President Wang Qishan – a confidant of Xi Jinping – called for a balance between financial innovation and strict regulation to prevent financial risks “It seems that, intentionally or not, Ma is openly challenging and criticizing the Chinese government’s approach financial regulation, ”Andrew Batson, research director for China at Gavekal Research Limited, writes in a note. Ma’s comments came just before the Communist Party held a key meeting to plan the country’s economy for Next 15 years, putting technology, financial stability and economic growth issues high on the national agenda After its end last week, regulators released new rules affecting Ant’s businesses and summoned Ma to Beijing for a rare meeting on Monday. The IPO was suspended the next day In China, state media highlighted Ant’s failure to comply with regulatory requirements while showcasing the government’s strong market surveillance mechanisms and risk controls for protect consumers In a comment dated Tuesday night, the party-backed business daily said the suspension of the IPO showed that « every link in the capital market has perfect rules and serious methods of supervision.“This is understandable from a regulatory perspective and it is always a better outcome for investors than facing a black swan event immediately after listing,” said Lv Changshun, analyst at Beijing Zhonghe Yingtai Management Consultant Co « Policymakers can tolerate innovation, but it should not come at the cost of systemic financial risk Avoiding this risk is an important basis for pushing forward more financial market reforms » China accelerates financial market reform capital to counter the virus, US According to Gao Zhikai, a former Chinese diplomat and former Chinese policy adviser to the Hong Kong Securities and Futures Commission in Hong Kong, Ant’s IPO prospectus has contributed more to China’s timetable than Ma’s speech in Shanghai Once regulators saw that Ant could do things that were prohibited for commercial lenders, he said: « Someone rang the bell and brought it to the attention of regulators. »Traditional financial institutions, especially banks, would likely welcome this move when the dust settles, » he said. « It also does not create a regulatory disadvantage for Ant Group It reminds Ant that they must treat parts of its operations like a commercial bank » Growing control Chinese authorities have been stepping up surveillance of private companies for several years In 2018, the central bank identified Ant and other companies as financial holding companies, putting them under increased scrutiny due to their growing role in the country’s cash flow and financial plumbingThat same year, regulators seized Anbang Insurance Group Co, which symbolized the recent era of Chinese mega-acquisitions, and jailed its former chairman for fraud HNA Group Co and Tomorrow Holding Co were later taken over by the state or dismantled. , while the China Evergrande group in September is expected to have warned of a potential cash flow crisis that could pose systemic risks for China Stubborn and brutal, Ma is perhaps the best-known Chinese entrepreneur in the communist nation The tycoon of the globetrotter is a special adviser to the United Nations, has debated Elon Musk in international forums and is a regulator at the annual Davos gatherings He created two multi-billion dollar companies and called himself a champion of the little guy and small business On Wednesday, however, the posts on Chinese social media platforms were largely unsympathetic towards Ma An anonymous Weibo poster. wrote « if you don’t go out looking for trouble trouble won’t find you » Another joked « it’s time for Jack Ma to wake up, listen often and talk less » Despite the public depreciation of Ma and the blow to the reputation of Chinese markets, many investors remain optimistic about Ant’s IPO Higher liquidity requirements would hurt sentiment, but this is not necessarily a bad thing for a listing that saw stocks sell for a 50% premium on the gray market before the IPO Ram Parameswaran, founder of San Francis-based Octahedron Capital Management co, a hedge fund that owns shares in Alibaba Group Holding Ltd and plans to invest in the IPO of ants, viewed the suspension as positive to quell speculation in the stock Shares of Alibaba, which owns an third of Ant, fell 75% in Hong Kong, the most since its debut in the city last year « What is clear to me is that the lending industry will grow slower in the next few years « Parameswaran said » That in the bigger picture is net positive for the industry and Ant Steady growth is good For global investors, however, the episode is likely to reinforce the idea that the party is pulling all the stops when it comes to major business decisions – and any openness will be carefully calibrated for the impact on the Communist Party This could be all the more important in the years to come as China seeks to develop itself s own basic technologies in the face of increasing pressure from US, who will likely continue regardless of who wins Tuesday’s election « This sends a signal to major tech players not to get too big for their pants and that the party is still in the driver’s seat, » Kendra Schaefer said , head of digital research at the consulting firm Trivium China in Beijing “Internationally, however, measures like this do little to alleviate fears that emerging tech companies will not have the strings pulled by Beijing” (Updates to CSRC statement in 10th paragraph) more articles like this, please visit us at bloombergSubscribe now to stay ahead with the most trusted source of business news © 2020 Bloomberg LP

Citigroup weighed in on US listed Chinese electric vehicle makers, joining other Wall Street firms that see the greatest potential for gains in both stocks

Futures surged Thursday after Wednesday’s decisive post-election stock market rebound Google led several breakouts Qualcomm soared on earnings and forecasts

It doesn’t matter who ends up in the White House, Big Tech is going to get hammered anyway

Final votes are counted and investors are at the edge of their seats, waiting to see who the next US president will be Despite the unclear outlook, stocks rose sharply on Wednesday with the Nasdaq leading the way at 385% Some view the race for the White House, regardless of the outcome, as a binary event, with stocks generally reacting negatively to these events. Thus, the election resolution could remove the significant uncertainty that has weighed on investors for the past few months. But what would a contested election mean for the markets? Even if the outcome is contested in a long drawn out process, the Federal Reserve would likely step in, allowing stocks to soar higher, some street professionals say If the election is not contested, another stimulus package would likely come at a faster pace. With this in mind, we sought to find stocks that could outperform, based on several indicators TipRanks’ Smart Score Tool takes eight key factors used to assess potential investments and pulls them together into a single numerical score, with 10 being the most likely to outperform in the long run.Using the TipRanks database, we identified three stocks with a smart ‘Perfect 10’ score Here are all the details Vista Outdoor (VSTO) First on our Perfect 10 list we have Vista Outdoors, which designs, develops and manufactures ammunition, primers, components and related equipment With the election potentially serving as a positive catalyst, Wall Street is on board.Riley’s analyst Eric Wold acknowledges that stocks struggled after Walmart announced it would remove guns and ammunition displays from his stores as a precaution in anticipation of potential civil unrest in some markets, but he does not see the news as a problemCustomers can still buy these products, they just won’t be exposed.Additionally, Wold argues that guns and ammunition are probably not impulse buys and they are the reason customers come at the store Therefore, he doesn’t think demand will be affected Wold added, “While we can understand the stock’s reaction to VSTO shares and the shooting sports group at large, we note that not only do we feel that Walmart has already declined to less than 10% of VSTO’s sales in the past year, but the company has already shifted the majority of its ammunition shipments from Walmart to other distributors last year.  » firearms and ammunition market, demand has increased, with an average monthly year-over-year gain of around 85% observed between March and September Demand could rise further after election, Wold said. Based on Biden’s proposals, victory for Democrats could bolster demand « This has been the case in previous Democratic victories, as consumers stock up on products likely to become the target of post-election agendas before such legislation can be enacted However, we also cannot rule out the possibility that a Trump re-election victory might not trigger another ‘Trump crisis’, but instead trigger further social unrest and calls for the disbandment of the police that could result in another round of firearms and ammunition purchases, as seen in the spring / summer, ”explained Wold If that was not enough, VSTO’s acquisition of the ammunition and ammunition business ‘Remington accessories could provide’ an interesting boost to current expectations ‘, in Wold’s opinion. He also noted,’ Additionally, we would expect VSTO to take advantage of the strong brand awareness associated with Remington to generate growth in this business in the coming years as it is integrated into the ammunition and shooting activities of the companySo it’s no surprise that Wold stuck with the bulls In addition to a buy rating, he left a target price of $ 30 on the stock Investors could pocket a 46% gain if this target was achieved within the next twelve months (To view Wold’s history, click here) In general, other analysts echo Wold’s sentiment 4 buy and 1 hold add to a buy consensus rating strong The average price target of $ 30 matches Wold’s (See VSTO market analysis on TipRanks) United Natural Foods (UNFI) As a leader in the grocery business, United Natural Foods is known to be a leading wholesale food and meat distributor According to some street members, this Perfect 10 is poised to grow regardless of the macro environment MKM Partners analyst Bill Kirk told clients:  » United Natural Foods is in a unique position to increase its importance to partners retail res With the most comprehensive product assortment offering, UNFI has a significant opportunity to sell its services (conventional offerings to existing natural / organic customers and natural / organic offers to existing conventional customers “The company recently signed a 10-year, $ 10 billion contract with Key Foods, allowing UNFI to build a distribution center to serve the New York subway This opens up a new market, analyst says As for his relationship with Whole Foods, Kirk doesn’t think it will end anytime soon, as « Whole Foods is unlikely to be able to get much better deal. from UNFI « As such, the key customer risk is overestimated, the ability to gain new customers underestimated, and the opportunity to sell product underestimated, » said KirkIndependent of Whole Foods, Amazon Could Offer Significant Business Opportunity « Even though the Spartan Nash relationship has evolved with Amazon, UNFI continues to grow with e-commerce giant Amazon is not bound by the agreement and Spartan is not not cover all Amazon Fresh geographies, ”Kirk explained In addition, Kirk believes that although promotional activity has stagnated during the pandemic, it is expected to improve in 2021, in turn supporting EBITDA. note that independent grocers are becoming more and more important in communities “Many small concepts have outperformed bigger ones like Walmart Habits are tricky and we think some of that part of the traffic stays with small stores, more likely to be UNFI clients, ”he said.Considering all of the above, Kirk sees a limited downside with trading the shares at ~ 8x NTM PE and ~ 6x EV / NTM EBITDA As a result, Kirk sides with the bulls, reiterating a buy note and a target of $ 26 price tag This is a testament to his confidence in UNFI’s ability to climb 76% next year (To view Kirk’s track record, click here) As for the rest of the street, 2 buys and 4 holds have been awarded in the last three months Therefore, UNFI is a moderate buy At $ 23.50, the average price target implies upside potential of 59% (See UNFI market analysis on TipRanks) Tempur Sealy ( TPX) Finally, Tempur Sealy, one of the world’s largest bedding suppliers, offers mattresses, adjustable box springs, pillows and other sleep and relaxation products.After posting strong third quarter results, Wall Street beats the table on this Perfect 10 During the quarter, the Total sales rose 379% year-over-year to $ 1,132 million, ahead of the consensus estimate of $ 1,071 million 5-star analyst Bobby Griffin, of Raymond James, notes that on the Based on his estimates, NUNE organic sales increased by around 15%, excluding new distribution To this end, he believes that Tempur Sealy gained NUNE market share during the quarter In addition to this, Adjusted EBITDA was $ 279 million, versus $ 234 million for Street’s appeal « Strong performance demonstrates the strength of Tempur Sealy’s brand portfolio, its expanding omnichannel distribution model, and the benefits the entire category is reaping strong US housing environment, ”Griffin commented While some investors have expressed concern about a surge in demand, Griffin maintains that the comparison of organic sales in 2021 is reasonable over a full year Explaining this, he said: “Yes, the elections clearly create uncertainty in the short term Nonetheless, over the long term there are a handful of positive fundamentals (expansion of direct distribution, struggling competitors, continued international expansion. , etc) which positions Tempur Sealy well to outperform “To add to the good news, TPX has launched a quarterly cash dividend starting in 2021, with a target of an annual distribution of 15% of net profit The board also increased the share repurchase authorization to $ 300 million and declared a four-for-one stock split to take place in November. »All-in, the updated capital allocation, combined with Tempur Sealy’s lower leverage profile going forward, should be well received by investors and open up TPX to potential new shareholders, » Griffin said in accordance with its statement. bullish approach, Griffin reiterated a strong buy rating and a price target of $ 115, indicating upside potential of 26% (To see Griffin’s record, click here) Do other analysts agree? Most are 7 buys and 1 wait were issued in the past three months So the message is clear: TPX is a strong buy Given the $ 116 average price target of 88, stocks could jump 28% the Next year (See TPX Stock Analysis on TipRanks) To get great ideas for stocks traded at attractive valuations, visit TipRanks Best Stocks to Buy, a newly launched tool that brings together all of TipRanks’ stock information. : the opinions expressed in this article are those of the featured analysts only The content is intended to be used for informational purposes only It is very important to do your own analysis before making any investment

And just like that, election day has come and gone After Americans go to the polls, Wall Street is anxiously awaiting to see if a clear winner will be named According to Wall Street pros, a declared winner, whatever it is, would be good for the markets That said, some argue that volatility in the days after the election is not out of the question.To this end, the pros recommend taking advantage of any quick dip to pick Compelling Names With that in mind, we turned to investment firm Goldman Sachs for inspiration Looking at two stocks in particular, the company’s analysts were both seen as must-see names. Browsing through the tickers in TipRanks’ database, we discovered that each benefits from a consensus of analysts’ Strong Buy ‘Moderna (MRNA) Biotech Moderna has landed in the spotlight since the start of the pandemic, taking a position Leader in COVID-19 Vaccine Development Race Ahead of First Reading of Interim Phase 3 Data for its Investigational Vaccine Candidate, Goldman Sachs Beats the Table According to Management, the Phase 3 COVE Study Evaluating its COVID Vaccine Candidate -19, mRNA-1273, is on track for the first interim analysis this month, and the second interim analysis out of 106 events will likely take place in DecemberOn a closer look at the study, she is fully enrolled, as of October 22, and 25,654 participants have received the second vaccination.The company highlighted the diversity of the study, with 37% of subjects from diverse communities and 25 % of participants over 65 years In addition, 17% of participants have co-morbidities and over 8,000 participants have chronic conditions such as diabetes or severe obesity As the safety data from the median follow-up of the second two-month dose (15,000 participants) are expected for the second half of November, Goldman Sachs’ Salveen Richter argues that an Emergency Use Authorization (EUA) could be obtained before YE20 « Above all, we underline management’s confidence in the meeting these deadlines, which is supported by trends in infection rates and internal models, « she explained. In addition to this, MRNA has already put in place several supply contracts for the v experimental accin, recently revealing that the Ministry of Health, Labor and Welfare of Japan and Takeda (TAK) has agreed to purchase and distribute 50 million doses It is also working on signing agreements with the European Union, COVAX, as well as with many other countries In total, mRNA received $ 1.1 billion in customer deposits for the supply of mRNA-1273 in Q3 2020 In the US, the agreement will begin after the granting of an EUA to the candidate In addition, on the basis of the « ease of administration and storage », according to MRNA, « the vaccine can be deployed in several contexts, notably hospitals , doctors’ offices, retirement homes and vaccination centers »Beyond 1273 mRNA, the rest of its pipeline is also progressing well, says five-star analystTaking all this into account, Richter maintains a buy note and raises the price target from $ 107 to $ 108.This target reflects his confidence in the ability of mRNA to climb 52% higher in the year. next (To see Richter’s history, click here) In general, other analysts are on the same page 10 buys, 1 hold and 1 sell add to a strong buy consensus rating With an average price target of $ 96.91, upside potential is ~ 37% (See Moderna market analysis on TipRanks) Herc Holdings (HRI) As one of the largest equipment rental companies in America North, Herc Holdings Serves Customer Needs Across Its 270+ Locations With its takeover gaining traction, Goldman Sachs believes now is the time to get into the action Goldman Sachs analyst Jerry Revich believes the publication of its third quarter results shows « an acceleration of the recovery of the usage, stable prices and tight cost control « The main takeaway, according to the five-star analyst, is that usage has exceeded its estimate by 200 basis points In addition, HRI guided the fleet to approximately 14% rental growth sequentially in Q4, versus normal seasonality of -2%, with Revich also calling capex ‘disciplined’ During the quarter, the leasing fleet has increased by 21% – more sequentially from 12% – more on average over the past three years, driven by a recovery in non-residential commercial markets, particularly in the emergency response space As a result, the analyst estimates that Q4 usage will only decline 200 basis points year-over-year, compared to the drop of 800 basis points in the second quarter While the forecast for capital spending and fleet size remains unchanged, Revich believes the supply is « tight » although third-quarter EBITDA of $ 197 million exceeded estimates by Revich and Street, implied fourth-quarter EBITDA of $ 171 million was 8% lower than consensus EBITDA before earnings, with stocks falling as a result. However, Revich points out that « the leased fleet is expected to increase sequentially and prices stable, two factors well ahead of normal seasonality, ”he argues,“ the forecast for a sequential decline in EBITDA reflects management’s conservatism in the second quarter of a recovery from a deep trough To that end, the analyst’s fourth-quarter EBITDA estimate is 16% higher than the high-end forecast Revich added: “We believe that visibility into a cyclical recovery that has improved significantly today despite cautious forecasts. ”In keeping with his bullish approach, Revich sides with the bulls, reiterating a buy note He also sets a target price of $ 62 on the stock, raising upside potential to 41% (To see Revich’s balance sheet, click here) Do the other analysts agree? They are Only buy notes, 4 to be exact, have been issued in the last three months Therefore, the message is clear: HRI is a strong buy Considering the $ 55 average price target of 25, the stocks could climb 25% next year (See HRI Stock Analysis on TipRanks) To find great ideas for stocks traded at attractive valuations, visit TipRanks Best Stocks To Buy, a newly launched tool that brings all of them together. TipRanks stock information Disclaimer: Opinions expressed in this article are those of featured analysts only Content is intended to be used for informational purposes only It is very important to do your own analysis before making any investment

Aphria Inc leaps into the US with the purchase of a craft beer company that has been part of the stoner way of life for decades

(Bloomberg) – Mid-level bureaucrats let China’s richest man wait as they prepared for a meeting that would send shockwaves through the financial world It was Monday morning in Beijing, and Jack Ma had been summoned to a China Securities Regulatory Commission boardroom just days before he was set to take Ant Group Co public in the biggest stock market debut of all time When the bureaucrats finally arrived, they skipped the jokes and delivered a disturbing message: Gone are the days of the relaxed government surveillance ant and minimum capital requirements The meeting ended with no discussion of Ant’s IPO, but it was a sign that things might not go as planned The subsequent dismantling of the $ 35 billion stock sale plunged the Ma’s fintech giant in turmoil, vividly reminding that even China’s most famous businessman is not immune to the whims of a Communist Party that has continued to tighten its grip on the second largest in the world economy under Xi Jinping’s leadership Among questions lingering as international investors try to make sense of chaotic 72 hours: why China allegedly sabotaged Ant’s IPO at the last minute after months of preparation meticulous? And what does the future hold for one of the country’s largest companies? Interviews with regulators, bankers and ant leaders offer answers, though even insiders say only China’s top leaders can be sure what will happen Most of the people who spoke for this story the made on condition of anonymity to discuss sensitive issues Ma’s meeting in Beijing on Monday sparked a behind-the-scenes rush by Ant and his bankers to get more clarity from Chinese regulators as CSRC officials have reported at the time they were unaware of any changes in IPO plans, the regulator’s cryptic social media post later today about a « supervisory interview » with Ma made the tongues tremble from Hong Kong to New York On Tuesday afternoon, the mood worsened as rumors of a delay began to circulate in Shanghai Around 8 p.m., the city’s stock exchange called Ant p When the official statement landed less than an hour later, it cited a « significant change » in the regulatory environment, but provided some additional details on why authorities would have slashed the listing two days before the shares started tradingAt a hastily organized meeting between Ant bankers and the CSRC later that evening, officials stressed the company’s need for more capital and new licenses to comply with a series of regulations for the financial conglomerates that had started to come into effect in early November There was no discussion on how quickly the IPO could be restarted A spokesperson for Ant said the need for more capital and new licenses was not discussed at the meeting. , but declined to provide further detailsOne of the concerns of regulators was that the stricter rules may not have been fully disclosed in Ant’s prospectus.In addition to new regulations for the financial conglomerate, the government on Monday released draft strict rules for consumer loans which would require Ant to provide at least 30% of the financing of the loans it takes out to banks and other financial institutions Ant currently funds only 2% of its loans, with the rest being taken over by third parties or packaged as securities Several officials said it was better to stop listing at the 11th hour than to let it continue and expose investors to This sentiment was shared by at least one institutional finance manager, who said he practically begged an Ant executive for an IPO allowance during a meeting at the Mandarin Oriental hotel in Hong Kong Now that he has a clearer picture of regulatory risks, he is relieved that the sale of shares has been suspended. The CSRC said in a statement on Wednesday that preventing an « hasty » listing of Ant in a changing regulatory environment was a responsible decision for the market and investorsStill, some Chinese observers have an alternate theory as to why Xi’s government acted the way it did: It wanted to send a message Ma, a much revered former teacher in China, has faced an unusual number of criticisms. in state media after criticizing the country’s financial rules for stifling innovation at a conference in Shanghai on October 24 His remarks came after Vice President Wang Qishan – a confidant of Xi Jinping – called for a balance between innovation and strict regulation to prevent financial risks. “It seems that, intentionally or not, Ma is challenging and openly criticizes the Chinese government’s approach to financial regulation, ”wrote Andrew Batson, research director for China at Gavekal Research, in a reportThe weekend before Ma’s summons to Beijing, the Financial Stability and Development Committee headed by Vice Premier Liu He stressed the need to regulate financial technology companies.In a sign, authorities could keep the pressure on Ant, people familiar with the matter said on Wednesday that regulators plan to discourage banks from using fintech’s online lending platforms The directive strikes at the heart of Ant’s commission-based lending model, which generated around 29 billion yuan ($ 4.4 billion) in revenue in the six-month period ended June Any suggestion that banks will stop using its platforms are unfounded, Ant said in response to Bloomberg questionsSome investors are bracing for tougher times both in Ant and the rest of the Ma Stock business empire of Alibaba Group Holding Ltd, which owns about a third of Ant, fell more than 8% on Tuesday to New York for biggest drop in five years Crisis has reduced Ma’s wealth from nearly $ 3 billion to $ 58 billion, pushing him down to No 2 on China’s rich list behind Tencent Holdings Ltd’s Pony Ma debacle IPO also raised broader concerns about China’s commitment to transparency as it tries to attract international investors On Tuesday, confusion over the suspension sparked a flood of calls to Ant bankers from baffled fund managers The whiplash feeling in some cases was stark: just an hour or two before the suspension was announced, Ant’s investor relations team es was still trying to confirm attendance at a post-IPO gala in Hong Kong One of the firm’s biggest foreign investors predicted the episode could cause lasting damage to confidence in Chinese financial markets On The Day Jack Ma Became Ray Dalio’s Nightmare: Shuli Ren It could also spill over into Hong Kong, whose status as a premier financial center has already been called into question amid increased interference from Beijing Nearly a fifth of the city’s population, according to one estimate, had signed up to buy Ant shares; many of those who predicted a windfall were rather stuck paying interest charges on unnecessary margin loans. « The lack of transparency reminds us that the ‘Chinese way’ remains strewn with pitfalls, » said Fraser Howie, author of « Red Capitalism: The Fragile Financial Foundation of China’s Extraordinary Rise » As for Ant himself, the suspension of the IPO is unlikely to deliver a fatal blow The company had 71 billion yuan in cash and ‘equivalent in June and is one of China’s most systemically important institutions The last thing the authorities want is a destabilizing loss of confidence in a company that plays a key role in the country’s financial plumbingThe most relevant risk for Ant is a drop in its frantic pace of growth and a high valuation New Chinese regulations will force the company to act more like a traditional lender and less like a technology service provider in light of industry assets financial This will almost certainly mean a lower price-earnings ratio for the stock if it ends up The introduction of the Chinese central bank’s digital currency is also imminent, which threatens to erode Ant’s dominance in payments It could also have implications for other business activities The Ant credit platform, for example, uses its huge treasure trove of payment data to assess the financial strength of borrowers who often lack collateral or formal credit historyAll of this will be bad news for the shareholders who boosted Ant’s valuation to $ 315 billion – higher than that of JPMorgan Chase & Co But it may be fine with regulators and party leaders who fear the creation of Ma will got too big, too fast (Add story links after sixth paragraph) For more posts like this please visit us at bloombergSubscribe now to stay ahead with the news source of most trusted business © 2020 Bloomberg LP

Rubik’s Cube, Ernő Rubik