November 5, 2020 The Federal Reserve is committed to using its full range of tools to support the U.S. economy in this challenging time, thereby promoting its maximum employment and price stability goals. Though the novel Corona virus continues to cause tremendous hardship across the United States and around the world, economic activities and employment
November 5, 2020 Click the link below to view the Stock Watch. Stock Watch Analyst Certification -The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research analyst (s) also certify
November 5, 2020 The seasonally adjusted initial claims, advance estimate, decreased by 7,000 to 751,000 for the week ending October 31 from the prior week's revised level, according to the U.S. Department of Labour (DOL). The prior week's level was revised from 751,000 to 758,000 up by 7,000. In comparison to the previous week’s average, the 4-week moving average was 787,000,
November 5, 2020 Kingston Properties Limited reported Rental Income of US$1.47 million, 16% more than the US$1.26 million reported for 2019. However, for the quarter, there was a 40% rise from US$406,013 in 2019 to US$567,352. Management noted, “The higher year on year figure was mainly due to the acquisition of the Harbour Centre Office
United States: Fed to Stay on Sidelines Amid Election Drama: Decision Day Guide “The Federal Reserve is likely to hold off from any major policy changes with the U.S. election still in the balance, even as pressure to act mounts amid diminishing prospects for aggressive fiscal stimulus. With no shift expected, officials could still open
November 4, 2020 The U.S. Bureau of Economic Analysis indicated that, “the goods and services deficit was $63.9 billion in September, down $3.2 billion from $67.0 billion in August, revised.” September exports amounted to $176.4 billion, which was more than August exports by $4.4 billion, whereas, September imports amounted to $240.2 billion which was $1.2 billion more
United States: Volatility Grips U.S. Stock Futures with Vote Outcome Uncertain “Extreme election night volatility persisted in U.S. equity futures, with S&P 500 contracts swinging between gains and losses, as investors worked to price in shifting odds for Donald Trump’s re-election and control of the Senate, a potentially protracted vote count and the implications for
November 3, 2020 Margaritaville (Turks) Limited (MTL) for the three months ended August 31, 2020 reported revenues which decreased drastically by 99% for the period to US$20,417 (2019: US$2.03 million). Cost of sales also went down by 96% to US$20,416 (2019: US$500,920) which resulted in a gross profit of US$1. Management noted the company, “the
October 3, 2020 AMG Packaging & Paper Company Limited (AMG) Unaudited Financial Statements Year Ended August 31, 2020: AMG Packaging and Paper Company Limited (AMG) for the year ended August 31, 2020 recorded turnover in the amount of $720.45 million (2019: $762.30 million), a 5% decrease when compared to 2019. Turnover for the quarter increased
United States: The Good and the Bad of the U.S. Economy on Eve of Election Day “On the eve of the 2020 election, a U.S. economy that was walloped by a global health crisis in March is recovering, though it’s a ways from regaining full strength. Trillions of dollars in fiscal support from lawmakers and
