business opportunity

IPO, Warner Music and ZoomInfo

For Immediate Release

Chicago, IL – June 11, 2020 – Today, Zacks Investment Ideas feature highlights Features: IPO, Warner Music Group WMG and ZoomInfo ZI.

Caution: The Red-Hot IPO Market Could Burn You

The 2020 IPO market is red hot this month, as retail investors take on an aggressive investing approach. There seems to be endless risk-on appetite driven by young trader/investors who want to get on the ground floor of hot new stocks as the wind in blue chips’ sails seems to be dying down.

The Renaissance IPO ETF has surged 23% year-to-date, pushing the innovation-driven ETF to all-time highs. This ETF’s holdings are primarily made up of 2018 and 2019 IPOs, but we are beginning to see more 2020 IPOs join the ranks as the fund phases out 2018 debuted stocks.

Enterprises are seeing this as an opportunistic time to raise public funding, with investors hunting for fresh new stocks. Nikola Motor (NKLA) is one such example, although they entered the market in a very peculiar way. The stock had initially traded under VectorIQ, but Nikola merged with the firm on June 2nd and debuted the new NKLA shares on June 4th. Since the merger, the shares have skyrocketed over 150%.

Nikola is an electric vehicle company that is yet to sell a single vehicle and has made exactly $0 in sales. Still, highly speculative investors & traders have pushed this enterprise to a valuation of roughly $29 billion. This puts the company’s value at the same level

Read More

Caribbean braces for hurricanes in coronavirus era

By Sarah Marsh and Rodrigo Campos

HAVANA/NEW YORK (Reuters) – Ken Hutton is worried Great Abaco Island in the Bahamas where he lives is far from rebuilt after being devastated by Hurricane Dorian last year yet he is bracing for another hurricane season in the midst of the coronavirus pandemic.

The business consultant feels lucky to have survived Dorian, which tore the hurricane shutters off his house and sucked out the windows.

Yet there is still no running water or power in his area – he relies on a generator and a well – and many of the organizations that had been helping to rebuild suspended work because of the pandemic.

“We are still in no position to be ready for another hurricane,” he told Reuters Tuesday. Already, the Caribbean has been hit by two tropical storms before the official start of the hurricane season on June 1, one of which started right over the Bahamas, Hutton added.

“There are lots of people walking around here now with post-traumatic stress disorder,” he said.

Hurricane Dorian caused $3.4 billion in damages – more than a quarter of the annual output of the Bahamas or the equivalent of the United States losing the combined outputs of California, Texas and Florida, according to the Inter-American Development Bank.

Across the Caribbean, island nations are now facing the double whammy of a hurricane season forecast to be more active than usual combined with a pandemic that has already drained public coffers and leveled tourism, one

Read More

Great Jobs for Retirees

Chanda Torrey found retirement wonderful for the first two weeks. Then, not so much.

Torrey, 50, of West Palm Beach, Fla., retired in mid 2019 as a Red Cross regional chief development officer. At first, she thought retirement was “paradise,” she says. “But after a few months, I didn’t know who I was. Not having a goal or something to do every day had an effect on my mental health.”

Torrey’s experience is not unusual. Retirement may sound wonderful in the abstract, and for some, it’s a perfect opportunity to leave the working world behind and travel, volunteer or spend time with grandchildren. But for others, a job is a necessity, either for their finances or for their psyche.

And now the fall-out from the COVID-19 pandemic has left some older people facing particular problems. Some have been forced into retirement before they were ready, and many new and existing retirees have seen their savings plummet along with the stock market.

How do you assess your next step? First, ask yourself some questions. Do you want to work full-time? If your finances don’t require full-time work, is part-time a better fit? Are you eager to tackle a whole new career, or do you want to continue primarily in the field you just left? Do you want something that can be all-consuming, such as starting your own business, or a more low-key job with fewer responsibilities? (For more self-assessment advice, see below.)

The outlook may seem grim for finding a job … Read More

Crisis Austerity in Oil-Rich Gulf May Test Political Balance

(Bloomberg) — The coronavirus pandemic is hitting Gulf Arab economies hard and emboldening the region’s dynastic rulers to push through unpopular fiscal measures that will impact their citizens. The question now is how long their resolve will last.

Saudi Arabia, the biggest Arab economy, tripled its value-added tax and trimmed allowances for government workers. Oman cut salaries of new state employees.

Even in the United Arab Emirates — a financial and commercial hub with the Gulf’s most diversified economy — there are calls for overhauling a so-called “rentier state” model, which depends on hydrocarbon wealth to support government jobs for citizens, generous benefits and a largely tax-free environment. A prominent Emirati lawyer recently called introducing corporate tax “unavoidable.”

Yet for all the talk of accelerating overdue changes, there were also moves to protect state jobs and shield nationals employed in the private sector, casting doubt on whether the downturn will prompt deeper reforms that outlive the crisis.

“The global economic recession has become a trigger for real reconsideration of the fundamentals of the economic models in the Gulf,” said Ayham Kamel, head of Middle East and North Africa at Eurasia Group. “In Saudi, Crown Prince Mohammad bin Salman wants change, but it’s far from easy to kill off the rentier-state model.”

Austerity will affect Saudis like Mohammed, who works for the state, like almost two-thirds of his compatriots. When his pay was cut by 1,000 riyals ($266) a month after a cost-of-living allowance was canceled, the 29-year-old doctor said the

Read More © All rights reserved. | Magazine 7 by NYOCOT!!!.