Thursday, 21 Jan 2021

Fed's Bullard does not comment on policy or economic outlook in prepared remarks

CANADA STOCKS-TSX opens higher on energy boost

Nov 24 (Reuters) – Canada’s main stock index opened higher on Tuesday, led by a 4% jump in energy stocks after oil prices hit their highest since March, with positive developments on a COVID-19 vaccine spurring hopes of a swift economic recovery.

* At 14:32 a.m. ET (14:32 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was up 101.03 points, or 0.59%, at 17,195.56.

Stock Alert: Blink Charging Tumbles 16%

Shares of Blink Charging Co. (BLNK), a Florida-based provider of electric vehicle or EV charging equipment, are losing almost 16 percent or $5.35 in Tuesday’s morning trade at $28.27.

Tuesday, Blink Charging said it has acquired the EV charging operator U-Go Stations, Inc. and its portfolio of 44 DCFC charging locations. The purchase also includes multiple grants awarded to U-Go for the deployment of up to an additional 45 new charging stations.

The U-Go charging stations will add to Blink’s current DCFC portfolio of 88 chargers, predominately found on the West Coast. Financial terms of the deal were not announced by the company.

Blink Charging has traded in a range of $1.25 to $34.67 in the past 52 weeks.

NYC Will Have Covid Checkpoints at Key Bridges and Crossings

New York City will have vehicle checkpoints at key bridges and crossings, and will strictly enforce the travel quarantine, Sheriff Joseph Fucito said.

The sheriff’s office will conduct spot checks when out-of-state buses drop riders off at the curb. Test and tracing teams will be on the ground to direct individuals to testing sites and provide education on quarantine, Fucito said.

The 14-day quarantine mandates that travelers quarantine or test out. Violations of self-quarantine will be enforced, and may carry fines of $1,000 to $2,000, according to the mayor’s office.

The city will enforce the completion of traveler forms at airports, Penn Station and the Port Authority Bus Terminal. There will be self-test site teams on site.

New York, the early center of the U.S. outbreak, reported a seven-day average of 1,476 new cases, and a seven-day positive test rate of 3.17%, according to Mayor Bill de Blasio.

Stock Alert: Ambarella Touches New High Following Quarterly Results

Shares of AI vision silicon company Ambarella, Inc. (AMBA) are climbing more than 8% Tuesday morning on stronger-than-expected third quarter results. The company also provided fourth quarter revenue guidance better than analysts’ view.

The stock touched a new high of $75.60 this morning.

Net loss for the third quarter was $17.1 million, or $0.49 per share, compared with net loss of $4.3 million, or $0.13 per share, for the same period a year ago.

Earnings on an adjusted basis of $0.09 per share beat the average estimate of analysts polled by Thomson Reuters at $0.05 per share.

Revenue for the third quarter of fiscal 2021 was $56.1 million, down 17.4% from $67.9 million in the same period in fiscal 2020.

For the fourth quarter, revenue is expected to be between $56.0 million and $60.0 million. The consensus estimate stands at $52.31 million.

“Our AI vision portfolio is well positioned for the megatrends around security, safety and automation, and the pandemic appears to be accelerating the digital transformation,” said Fermi Wang, President and CEO.

Twitter’s Disappearing Tweets, ‘Fleets’, Now Available For Everyone

Twitter Inc. (TWTR) on Tuesday announced a global launch of “Fleets,” the social media giant’s ephemeral tweeting service.

Twitter had first announced about fleets earlier this year and tested the service in various markets around the globe.

Fleets are posts that appear in a separate timeline above the main timeline for 24 hours before disappearing.

“Fleets are for sharing momentary thoughts – they help start conversations and only stick around for 24 hours. Through our tests in Brazil, Italy, India, and South Korea, we learned Fleets helped people feel more comfortable joining the conversation – we saw people with Fleets talk more on Twitter,” the company said in a press release.

A Twitter user can share a Fleet by tapping the “Share” icon at the bottom of the Tweet and then tap, “Share in Fleet.” Users can write text messages, share tweets, or post photo or video content on Fleets.

Twitter’s Design Director Joshua Harris and Product Manager Sam Haveson explained that they created Fleets to ramp down the pressure of “public” and “permanent” Twitter.

“Because they disappear from view after a day, Fleets helped people feel more comfortable sharing personal and casual thoughts, opinions, and feelings,” Twitter said.

Kenya's Innovative Data Centers

With cloud computing and bandwidth needs soaring across Africa, providing faster connectivity for users and businesses is a priority. CNN explores the development of solar-powered data centers in Nairobi, driving growth opportunities for industries across the board.

NYC Says Verizon Settlement to Build Out High-Speed Internet

New York City reached a settlement with Verizon that will expand high-speed Internet to an additional 500,000 households.

The agreement will prioritize the least-connected community districts. It will help children study and the vulnerable stay in touch with relatives, Mayor Bill de Blasio said Tuesday at a press briefing.

“The pandemic has only underscored how critical this need is,” de Blasio said.

Fed's Bullard does not comment on policy or economic outlook in prepared remarks

FILE PHOTO: St. Louis Fed President James Bullard speaks about the U.S. economy during an interview in New York February 26, 2015. REUTERS/Lucas Jackson/File Photo

(Reuters) – St. Louis Federal Reserve President James Bullard did not comment on U.S. monetary policy or the economic outlook in his prepared remarks during an academic presentation delivered to a Bank of Finland monetary policy webinar on Tuesday.

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