business

GuruFocus.com
Black Knight Stock Is Believed To Be Modestly Overvalued
The stock of Black Knight (NYSE:BKI, 30-year Financials) shows every sign of being modestly overvalued, according to GuruFocus Value calculation.
BBC
Ecuador picks president under the shadow of Covid
The young left-wing candidate Andrés Arauz faces pro-market former banker Guillermo Lasso.
Bloomberg
Harvard-Backed TPRV to Unwind Hedge Fund, Return Outside Cash
(Bloomberg) -- Harvard-backed TPRV Capital is shutting down its hedge fund after investors pulled their cash.After three-and-a-half years, “we are unwinding the fund and returning all remaining capital to our investors,” the firm wrote in a letter to clients Friday.Institutional investors have been redeeming either due to disappointment over the fund’s performance or because they were reallocating their cash away from fixed-income relative value or volatility strategies, Chief Operating Officer Luca Toscani said in an interview.“Unfortunately the combo of the two was lethal,” he said.The firm, which had peak assets of $820 million at the end of 2019, saw that plunge to $570 million by August 2020, and $233 million by this February. TPRV’s fund lost 2.8% in 2020, and was about flat in the first two months of this year, according to another document.Last year brought “one of the biggest challenges” the fund’s chief investment officers had seen in their professional lives as relative value trades linked to shorting S&P 500 index volatility went awry and led to sharp losses, the firm said at the time.TPRV launched in 2017 with about $400 million from Harvard Management Co, where CIOs Graig Fantuzzi and Michele Toscani were portfolio managers and had worked together for 8 years.The firm is considering its next steps, which could include raising capital or joining a larger platform firm, Toscani said.This is the second fund with ties to Harvard to shutter recently. In May 2019, former Harvard portfolio manager Marco Barrozo closed his Cambridge Square Capital, which had started two years prior and received $200 million from the university.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
PR Newswire
ROSEN, NATIONALLY REGARDED INVESTOR COUNSEL, Encourages Kadmon Holdings, Inc. Investors to Secure Counsel Before Important Deadline - KDMN
WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of the securities of Kadmon Holdings, Inc. (NASDAQ: KDMN) between October 1, 2020 and March 10, 2021, inclusive (the "Class Period"). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than June 2, 2021.
BBC
Saint Vincent volcano: Heavy ash rains down on island
Residents of Saint Vincent awake to a blanket of heavy ash after the La Soufrière volcano erupted.
BBC
Myanmar coup: 'Dozens killed' in military crackdown in Bago
Activists say more than 80 people were killed in the city of Bago in protests against the military coup.
BeInCrypto
US’s Bitcoin ETF Problem: What Is Holding up Regulators
Companies in the U.S. have been trying to get an ETF approved by the U.S. SEC Commission for years. However, they’ve had little success.
USA TODAY
‘Clear the Capitol,’ Vice President Mike Pence pleaded, according to timeline of riot
New details about the Capitol riot are contained in a previously undisclosed document from the Pentagon that was obtained by The Associated Press.
Reuters
France extends gap between mRNA vaccine shots to ramp-up rollout
France will lengthen the period between the first and second shots of mRNA anti-COVID vaccines to six weeks from four weeks as of April 14 to accelerate the inoculation campaign, Health Minister Olivier Veran told the JDD newspaper on Sunday. Although France's top health authority advised a six-week period between the two shots in January in order to stretch supplies, the government at the time said there was insufficient data on how well the vaccines performed with a longer interval. France could safely do so now because it was vaccinating a younger age group, Veran said.
PR Newswire
ROOT INVESTOR NOTICE: ROSEN, NATIONAL TRIAL COUNSEL, Encourages Root, Inc. Investors with Large Losses to Secure Counsel Before Important May 18 Deadline in Securities Class Action - ROOT
WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Root, Inc. (NASDAQ: ROOT) who: (1) purchased or otherwise acquired publicly traded Root securities between October 28, 2020 and March 8, 2021, inclusive (the "Class Period"); and/or (2) purchased or otherwise acquired Root Class A common stock pursuant and/or traceable to the Offering documents issued in connection with the Company's initial public offering conducted on or about October 28, 2020 (the "IPO" or "Offering"), of the important May 18, 2021 lead plaintiff deadline.
GuruFocus.com
Koninklijke Philips NV Stock Is Believed To Be Modestly Overvalued
The stock of Koninklijke Philips NV (NYSE:PHG, 30-year Financials) appears to be modestly overvalued, according to GuruFocus Value calculation.
USA TODAY
Techies give an old fashioned Supreme Court decent marks in coding case
Programmers say the Supreme Court, often teased for its ambivalence toward technology, got it (mostly) right in describing some nuances of software.
PR Newswire
Pets play important role in easing children's loneliness and stress intensified by virtual schooling in lockdown
A new survey conducted by Mars Petcare of 2,000 parents across the UK and US shows family pets help children better manage feelings of stress and loneliness, which have been greatly exacerbated by virtual schooling as a result of the pandemic[1].
GlobeNewswire
ROSEN, A GLOBALLY RECOGNIZED LAW FIRM, Encourages Velodyne Lidar, Inc. Investors to Secure Counsel Before Important May 3 Deadline in Securities Class Action – VLDR, VLDRW
NEW YORK, April 10, 2021 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Velodyne Lidar, Inc. (NASDAQ: VLDR, VLDRW) between July 2, 2020 and March 17, 2021, inclusive (the “Class Period”), of the important May 3, 2021 lead plaintiff deadline. SO WHAT: If you purchased Velodyne securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. WHAT TO DO NEXT: To join the Velodyne class action, go to http://www.rosenlegal.com/cases-register-2043.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than May 3, 2021. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience or resources. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020 founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers. DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Velodyne’s iconic founder and Chairman, David Hall (“Hall”), was battling with Velodyne executives for control of the Company; (2) Velodyne was losing major customer contracts; (3) Velodyne was not on track to achieve its stated guidance and such guidance lacked a reasonable basis in fact; (4) Velodyne’s internal controls over financial reporting suffered from multiple material weaknesses; and (5) as a result of the foregoing, defendants’ statements about Velodyne’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages. To join the Velodyne class action, go to http://www.rosenlegal.com/cases-register-2043.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff. Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/. Attorney Advertising. Prior results do not guarantee a similar outcome. Contact Information: Laurence Rosen, Esq. Phillip Kim, Esq. The Rosen Law Firm, P.A. 275 Madison Avenue, 40th Floor New York, NY 10016 Tel: (212) 686-1060 Toll Free: (866) 767-3653 Fax: (212) 202-3827 lrosen@rosenlegal.com pkim@rosenlegal.com cases@rosenlegal.com www.rosenlegal.com
Tribune Publishing
Minnesota House DFL proposes gas tax increase
Minnesota's gas tax would increase as construction costs climb under a proposal House Democrats released last week — an idea Republican lawmakers quickly rejected. It has been 13 years since Minnesota last increased the gas tax and the cost to repair state infrastructure continues to grow, Rep. Erin Koegel, DFL-Spring Lake Park, told the House Transportation Committee as members debated a bill ...
GlobeNewswire
ROSEN, NATIONAL TRIAL LAWYERS, Encourages BELLUS Health Inc. Investors with Losses to Secure Counsel Before Important Deadline in Securities Class Action – BLU
WHY: NEW YORK, April 10, 2021 (GLOBE NEWSWIRE) -- Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of BELLUS Health Inc. (NASDAQ: BLU) between September 5, 2019 and July 5, 2020, inclusive (the “Class Period”), of the important May 17, 2021 lead plaintiff deadline. SO WHAT: If you purchased BELLUS securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. WHAT TO DO NEXT: To join the BELLUS class action, go to http://www.rosenlegal.com/cases-register-2058.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than May 17, 2021. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience or resources. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020 founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers. DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose information that resulted in a scheme that: (1) deceived the investing public regarding BELLUS’s business, operations, drug products, drug product development, competition, and present and future business prospects; (2) facilitated the Company’s September 2019 public offering (“Offering”); (3) created artificial demand for the BELLUS common shares sold in the Offering; (4) enabled the Company to receive approximately $70 million in net proceeds from the sale of BELLUS common stock in the Offering; and (5) caused purchases of BELLUS publicly traded common stock at artificially inflated prices. When the true details entered the market, the lawsuit claims that investors suffered damages. To join the BELLUS class action, go to http://www.rosenlegal.com/cases-register-2058.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff. Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/. Attorney Advertising. Prior results do not guarantee a similar outcome. Contact Information: Laurence Rosen, Esq. Phillip Kim, Esq. The Rosen Law Firm, P.A. 275 Madison Avenue, 40th Floor New York, NY 10016 Tel: (212) 686-1060 Toll Free: (866) 767-3653 Fax: (212) 202-3827 lrosen@rosenlegal.com pkim@rosenlegal.com cases@rosenlegal.com www.rosenlegal.com
PR Newswire
Global Online Wig Store UNice Announces the Opening of its Membership System
With the increasing number of online shopping customers, online wig store UNice Hair announces the start of a VIP membership system in 2021 to improve users' experience, save shipping time, and provide high-quality service.
PR Newswire
YFX.COM - Protocols and Products That Serve Users
YFX.COM is the world's first decentralized cross-chain perpetual contract exchange. While other trading platforms that provide leverage alternatives exist, YFX.COM is trailblazing a decentralized alternative to centralized exchanges and perpetual futures trading without a central intermediary. YFX.COM does this by taking advantage of different protocols across the cryptocurrency landscape.
USA TODAY
Stimulus check update: When will ‘plus-up’ payments arrive? Answers to your COVID relief questions
Americans have tons of questions about their stimulus checks and 2020 taxes. Here’s what you need to know about 2021 COVID-relief payments and more.
Motorious
Twin Turbo Cadillac Escalade Pushes 1200-Horsepower
This bling wagon will smoke your muscle car in the quarter mile...
TipRanks
XPeng to Produce Its Own Chips; Analyst Weighs In
The latest noises coming out from China suggest XPeng (XPEV) is keen to produce its own chips in-house. According to Chinese news outlet 36kr, using a small team of less than 10 engineers, the Chinese EV maker is developing its own autonomous driving chip. The production started a few months ago and is taking place in both the US and China. Xia Heng, XPeng’s Co-President and Chief Technology & Operation Advisor Benny Katibian, whose prior jobs include leading the tech dept at Qualcomm's ADAS team, are at the helm of the new project. “Industry sources indicate XPeng is actively recruiting chip engineers,” said Deutsche Bank’s Edison Yu, who believes this suggests “there are plans to grow this effort moving forward.” “In our view,” Yu further noted, “We do not expect any near-term changes as both XPILOT 3.5 and 4.0 will use Nvidia chips (Xavier and Orin), but believe similar to Tesla/NIO, XPeng wants to ultimately use a custom designed chip purpose built to train its neural net (to use in XPILOT 5.0) rather than a general purpose chip, in order to maximize performance/ efficiency and lower cost.” Yu thinks local rival Nio, is “likely” fast at work on a similar project after poaching Xiaomi's chip division manager. Looking at the wider picture, Yu believes it is all part of an effort by the industry/government to lower the dependence on foreign chips. Earlier this year, backed by BYD and Great Wall Motor, Horizon Robotics raised $900 million in a Series C round. The 5-year-old, local start-up was recently selected by SAIC (GM and VW’s main JV Chinese partner) to supply its ADAS/AD chipset. Horizon is targeting the shipment of 1 million chips this year and Yu believes it is a good example of the local industry’s chip manufacturing ambitions. To this end, Yu rates XPEV shares a Buy along with a $48 price target. The implication for investors? Upside of 39%. (To watch Yu’s track record, click here) XPEV stock has a resounding “yes” on Wall Street. 6 Buys and 1 Hold assigned in the last three months add up to a Strong Buy analyst consensus. At $49.50, the average price target implies upside potential of 43.5%. (See XPEV stock analysis on TipRanks) To find good ideas for EV stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights. Disclaimer: The opinions expressed in this article are solely those of the featured analyst. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.
USA TODAY
Nearly 40% of Marines decline COVID vaccine, prompting some Democrats to urge Biden to set mandate for military
Nearly 40% of U.S. Marines offered the COVID-19 vaccine have refused receiving it.
GuruFocus.com
Polytronics Technology Stock Appears To Be Significantly Overvalued
The stock of Polytronics Technology (TPE:6224, 30-year Financials) is believed to be significantly overvalued, according to GuruFocus Value calculation.
GuruFocus.com
Juniper Networks Stock Shows Every Sign Of Being Fairly Valued
The stock of Juniper Networks (NYSE:JNPR, 30-year Financials) is believed to be fairly valued, according to GuruFocus Value calculation.
GuruFocus.com
Advanced Energy Industries Stock Is Estimated To Be Fairly Valued
The stock of Advanced Energy Industries (NAS:AEIS, 30-year Financials) is estimated to be fairly valued, according to GuruFocus Value calculation.