tartufocracia

Financial

Roku, Penn National Gaming, Western Digital & more

spike 1 year ago

Check out the companies making headlines in midday trading.

Roku — Shares of Roku dropped nearly 7{3c4481f38fc19dde56b7b1f4329b509c88239ba5565146922180ec5012de023f} after the streaming video company issued a bleak outlook. The company said the advertising industry outlook remains uncertain in the second half of the year, and that it believes total TV ad spend won’t recover to pre-Covid-19 levels until “well into 2021.” Roku, however, reported a smaller-than-expected loss and beat revenue estimates.

Penn National Gaming — Shares of Penn National Gaming soared more than 14{3c4481f38fc19dde56b7b1f4329b509c88239ba5565146922180ec5012de023f} after the gaming company posted quarterly revenue that topped analyst estimates. Penn National reported sales of $305.5

Insurance

Chinese insurers facing wave of claims following Henan floods

spike 3 months ago

According to a report by Global Times, near-nonstop rains over several days have destroyed numerous houses and vehicles and left thousands of people stranded. The insurance industry launched an immediate response, with various measures such as fast lanes for claim settlement and the removal of limits on bills for treatment and medicine at designated hospitals.

Ping An Insurance said that it has received over 20,000 claims linked to the flooding, resulting in approximately RMB600 million in settlements.

A certain Mr Li, who works as client service staff at Ping An’s Henan branch, told Global Times that the insurer has

Business News

Customers will have meat during pandemic, if they are ‘flexible’

spike 1 year ago

Kroger CEO Rodney McMullen said customers may not find the meat that’s on their shopping list, but he said grocery stores’ meat departments will still have something for them.

In an interview on CNBC’s “Squawk Alley,” the leader of the country’s largest supermarket chain said coronavirus outbreaks at meatpacking plants have led to lower store inventory.

“If you’re flexible on eating between chicken, pork and beef, we constantly have one of those items or two of those — and usually three,” he said. “We’re working with all of our meat suppliers, figuring out how to get products that were diverted

Business News

Plastic waste surges as restaurants use more disposable packaging

spike 1 year ago

A woman wearing a face mask and a plastic bag pulls a cart loaded with bags of recyclables through the streets of Lower Manhattan during the outbreak of the novel coronavirus (which causes COVID-19) on April 16, 2020 in New York City.

Johannes Eisele | AFP | Getty Images

As the country re-opens after months of lockdowns, consumers and restaurants have become more dependent on single-use plastic bags, containers and utensils due to health concerns prompted by the coronavirus pandemic.

Before the start of the outbreak, cities and states were making some progress on banning plastic bags, shifting away

Recent Stories

Trending This Week

Editorial Choice