United States: U.S. Recession Likely to End Late 2020 or 2021, NABE Survey Says “The U.S. economy will emerge from the recession in the second half of this year or at some point in 2021, and a majority of economists said Congress needs to extend supplemental aid, according to a National Association for Business Economics
August 21, 2020 Berger Paints Jamaica Limited (BRG) for the six months ended June 30, 2020 reported total Revenues of $920 million, a 16% decrease relative to $1.10 billion reported in for the comparable period in 2019. Total revenues for the quarter totalled $411.50 million, 32% less than the $601.54 million booked in 2019. No
United States: U.S. Trade Chief Lays Out His Vision to Revive the Ailing WTO “America’s top trade official, Robert Lighthizer, laid out his vision for overhauling the World Trade Organization, which is confronting the most challenging period in its 25-year existence with a looming leadership void and the virtual paralysis of its core functions. Lighthizer,
United States: U.S. Jobless Claims Unexpectedly Increase to More Than 1 Million “Applications for U.S. unemployment benefits unexpectedly increased last week, a stumble for the labor market in its long road to recovery. Initial jobless claims in regular state programs rose by 135,000 to more than 1.1 million in the week ended Aug. 15, Labor
August 19, 2020 Monthly Economic Review - July 2020 Disclaimer: 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 that no part of their
August 19, 2020 Consumer Price Index – July 2020 The consumer price index for July 2020 was 105.7 resulting in an inflation rate of 0.5% increase when compared to previous month’s 105.2 price index, according to the Statistical Institute of Jamaica (STATIN). This increase was as result of, ‘Food and Non- Alcoholic Beverages’, the heaviest
United States: Markets Tell the Fed It’s Finally Getting an Edge on Inflation “The $20 trillion U.S. Treasury market is giving the Federal Reserve a thumbs-up for its efforts to revive inflation after the coronavirus pandemic threatened to inflict a damaging bout of deflation on the U.S. economy. The best measure of that is inflation-adjusted
August 19, 2020 Total Revenue for the six months declined 52% to $1.65 billion (2019: $3.41 billion). Of this; Interest income declined 9% to $10.80 million (2019: $11.89 million) Net capital loss on financial assets and liabilities amounted to $144.07 million, relative a gain of $68.94 million booked the corresponding period in the prior year. Hotel Revenue for the six months period
August 18, 2020 Palace Amusement Company (PAL) for the year ended June 30, 2020 reported total revenues of $904.18 million, a 19% decrease when compared with the $1.11 billion recorded for the corresponding period in 2019. The total revenue for the quarter decreased 99% to total $5.01 million relative to the $338 million recorded for
August 18, 2020 Everything Fresh (EFRESH) for the six months ended June 30, 2020 reported total revenues of $573.21 million, a 49% decrease from the $1.11 billion reported for the prior period in 2019. For the quarter, revenue totalled $83.96 million, 84% less than the $520.54 million reported for 2019’s quarter. EFRESH stated, “The Covid-19
