United States: NYC Unemployment Reached 18.3% in May, Up From 4.1% Year Earlier “New York City’s unemployment rate surged to 18.3% in May, from 15% in April 2020 and 4.1% in May 2019, according to preliminary data from the state labor department. Statewide, New York’s unemployment rate declined to 14.5% in May from 15.3% in
June 22, 2020 weekly Picks 22.06.2020 WIG 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 compensation was, is, or will
United States: Food Inequality Crisis Deepens in U.S. Under Pandemic’s Pressure “Access to food has been unequal in America long before the onset of the coronavirus. But the pandemic has deepened the problem, with images of snaking lines at food banks bringing the harsh reality to light. Even in the U.S., one of the most food-secure nations
June 18, 2020 Kingston Wharves’ newly appointed Chief Executive Officer, Mr. Mark Williams, commended the Company for delivering once again, robust results for FY2019 which demonstrates that the Company’s strategic focus remains on target. The Group recorded revenues of $7.89 billion for FY2019, 9% above the $7.25 billion booked in FY2018. Of this, the Group’s
June 18, 2020 For the week ended June 13, seasonally adjusted initial claims declined to 1,508,000 from the previous week’s level. Claims for the prior week was 1,566,000 following an upward revision of 24,000 from 1,542,000. According to the U.S. Department of Labour (DOL), “the 4-week moving average was 1,773,500, a decrease of 234,500. Moreover, the
United States: U.S. Jobless Claims Declined Less Than Forecast in Latest Week “Applications for unemployment benefits in the U.S. fell less than forecast last week, showing only gradual improvement from the worst of the pandemic-related layoffs even as states re-open more of their economies. Initial jobless claims for regular state programs totaled 1.51 million in
June 17, 2020 QWI searching for opportunities Chairman of QWI Investments Limited (QWI), Mr. John Jackson, expressed his optimism regarding the Company's investment in Access Financial Services (AFS). The Chairman noted, "QWI made the right decision at the right time. A large amount of the stock (AFS) was purchased at market value, which was at
June 17, 2020 Chairman of Jamaica Teas Limited (JAMT), Mr. John Jackson, heaped praise on the Company noting, “Jamaican Teas completed a very successful year to September 2019, in which Total Comprehensive Income more than doubled from $241 million last year to $483 million in the financial year just ended.” He further highlighted that, “JAMT
June 16, 2020 Sagicor Real Estate XFUND Limited, for the three months ended March 2020, reported total revenue of $1.34 billion relative to $1.78 billion recorded in 2019, a 25% decline year over year. XFUND mentioned that, “Hotel revenue had been on an upward trend until the latter part of the quarter, when the Group
June 16, 2020 The Limners and Bards Limited (LAB), for the six months ended April 30, 2020, reported 41% increase in revenues to close at $471.42 million versus $334.48 million booked in 2019. Revenues for the second quarter rose by 44% to $208.42 million (2019: $145.11 million). The LAB stated that, “the revenue growth was driven
