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Articles related to "report"


Netflix suffers first major loss of U.S. subscribers

  • Disney and Apple are gearing up to launch their respective streaming platforms this year, ushering in a wave of new tentpole series.
  • Executives at Netflix know they have to invest in new series that can take the place of Friends and The Office, but the company is already projected to spend more than $15 billion on content this year.
  • While Disney, Apple, WarnerMedia, Amazon, and NBC Universal continue to flash their upcoming projects as a way to attract some of Netflix’s subscribers, Netflix is trying to show its strength.
  • The company released some new viewership numbers in its earning report, adding to recently reported statistics for series like Stranger Things’ third season, which saw more than 40.7 million household accounts watching some part of season during its first four days of release, according to Nielsen.

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Cintas soars as a strong labor market prompts it to boost profit forecasts

  • Cintas stock surged as much as 9% after beating earnings estimates Tuesday afternoon and boosting profit guidance for 2020.
  • The stock's consensus price target is $225.44, according to Bloomberg data.
  • Cintas also adjusted its 2020 expectations, pushing them higher than previous estimates.
  • Revenue in 2020 is expected to land between $7.24 billion and $7.31 billion, with the previous consensus estimate set at $7.28 billion.
  • The company shifted its 2020 adjusted EPS guidance higher as well, with its new range of $8.30 to $8.45 beating the consensus estimate of $8.28.
  • The company focuses on business services like uniform rental and workplace equipment, and is poised to profit from the strong job market detailed in a recently released government data.
  • Cintas currently has 7 "buy" ratings, 6 "hold" ratings, and 2 "sell" ratings from Wall Street analysts, according to Bloomberg data.

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Dow Weakens as Housing Sector Raises Economic Red Flags

  • The Dow and broader U.S. stock market drifted lower Wednesday, as the combination of trade-war uncertainty and dismal housing data raised red flags about the health of the domestic economy.
  • All of Wall Street’s major indexes reported losses Wednesday, mirroring a tepid pre-market for Dow futures.
  • Housing starts fell 0.9% to a seasonally adjusted annual rate of 1.253 million units last month, confounding expectations of a slight increase, the Department of Commerce reported Wednesday.
  • As a result, the housing market has been a drag on economic growth for at least five straight quarters and likely subtracted from GDP in the April-June period, according to CNBC.
  • The average commitment rate for a 30-year fixed-rate mortgage was 3.75% as of July 11, according to Freddie Mac. Click here for a real-time Dow Jones Industrial Average price chart.
  • When billionaire investor and hedge fund manager Ray Dalio speaks, people listen.

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Slowest lending growth in 25 years reveals the true impact of mortgage stress tests

  • The CMHC’s inaugural Residential Mortgage Industry Report exposes the extent of the impact of regulatory changes, especially the tightening of the underwriting criteria, which affected the number of housing transactions (down by 11 per cent in 2018) and housing prices (down by four per cent).
  • Another large impact of the regulatory changes is the 16-percentage-point decline in the share of insured mortgages, which fell from 57 per cent in the first quarter of 2015 to 41 per cent in 2019.
  • At the same time, the mortgage delinquency rate for the MIC borrowers at 1.93 per cent was higher than that for those who borrowed from the banks or MFCs. The much higher default rate for those borrowing from private lenders and MICs suggest that high-risk borrowers were pushed to lenders who offer high-price mortgage solutions, as is evidenced by the significantly higher interest rates, to account for the weak creditworthiness of their clients.

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Kim Jong Un reportedly got his armored limos via a secret route through 5 countries and a 'dark voyage'

  • A new report provides a glimpse into how North Korean dictator Kim Jong Un gets his armored limousines despite sanctions against luxury goods.
  • Kim often travels in vehicles like the Mercedes-Maybach S600 Pullman Guard, but given heavy sanctions against North Korea, it's unclear how these luxury vehicles only sold to vetted buyers actually get in the country.
  • According to the C4ADS report, two Mercedes-Maybach S600 Guard vehicles, each worth about $500,000, left Rotterdam on June 14, 2018.
  • The vehicles sat in shipping containers in Dalian from July 31 to August 26, when they departed for Osaka, Japan on their way to Busan, South Korea, according to The New York Times.
  • While it's impossible to tell if these are the exact same vehicles that left Rotterdam in June 2018, The New York Times reports that goods headed to North Korea often travel through the Russian Far East.

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The technology, devices, and benefits of the growing remote patient monitoring market

  • One of the tools US health systems and hospitals are turning to improved outcomes and reduced costs is remote patient monitoring (RPM) technology.
  • Common examples of remote patient monitoring devices include voice apps that remind diabetes patients to take their insulin, while allowing their physician to monitor the disease and, digital blood pressure cuffs that enable patients to remotely send physicians their blood pressure and pulse.
  • Providers using RPM-enabled home healthcare and other telehealth delivery methods are already reducing hospital readmission penalties.
  • For example, Dexcom, has partnered with Alphabet's life sciences unit, Verily, on a new implantable diabetes sensor that transmits health data to monitoring devices or smartphones via Bluetooth.
  • Some of the key takeaways from the report include how tech-focused entrants are acting as catalysts for change and threatening legacy players' bottom lines, as well as how key digital health solutions like EHRs, digital therapeutics, telehealth, AI, wearables, and blockchain are the foundation of the industry's digital awakening.

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Firefox to Warn When Saved Logins Are Found in Data Breaches

  • Starting in Firefox 70, Mozilla aims to have the browser report when any of your saved logins were found in data breaches.
  • As part of this integration, Firefox will scan the saved login names and passwords and see if they were exposed in a data breach listed on Have I been Pwned.
  • Clicking on the saved login will open its subpanel that displays an alert that the "Passwords were leaked or stolen" as part of a data breach.
  • Mozilla will also plans on displaying stats for the amount of data breaches your logins were involved in the browser's upcoming protection report.
  • While the open bug reports indicate that Mozilla is targeting all of these new privacy and security features for Firefox 70, it is possible they will not be ready in time.

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Alternative lenders gain ground as mortgage originations slow: CMHC

  • Alternative mortgage lenders saw more business in 2018 even though overall mortgage originations declined, leading to the slowest year-over-year growth rate of outstanding mortgages in 25 years, according to the Canada Mortgage and Housing Corporation’s (CMHC) inaugural Residential Mortgage Industry Report.
  • The rate of uninsured mortgages has been increasing, the report found, with insured mortgages accounting for only one in three new mortgage loans in 2018.
  • All the information contained in the report came from the Canadian Bankers Association, Non-Bank Mortgage Lender Survey, a MIC survey, CMHC’s residential mortgage data-reporting framework of National Housing Act Mortgage-based Securities issuers.
  • While most Canadians still prefer a five-year fixed rate, the first quarter of 2019 saw the average share of new mortgages with a variable rate at 29 per cent, a 12 per cent increase from the same period in 2017.

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Alternative lenders gain ground as mortgage originations slow: CMHC

  • Alternative mortgage lenders saw more business in 2018 even though overall mortgage originations declined, leading to the slowest year-over-year growth rate of outstanding mortgages in 25 years, according to the Canada Mortgage and Housing Corporation’s (CMHC) inaugural Residential Mortgage Industry Report.
  • The rate of uninsured mortgages has been increasing, the report found, with insured mortgages accounting for only one in three new mortgage loans in 2018.
  • All the information contained in the report came from the Canadian Bankers Association, Non-Bank Mortgage Lender Survey, a MIC survey, CMHC’s residential mortgage data-reporting framework of National Housing Act Mortgage-based Securities issuers.
  • While most Canadians still prefer a five-year fixed rate, the first quarter of 2019 saw the average share of new mortgages with a variable rate at 29 per cent, a 12 per cent increase from the same period in 2017.

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The amount of software running on traditional servers is set to almost halve in the next 3 years amid the shift to the cloud, and it's great news for the data center business

  • Businesses are giving on up data centers at a steady rate, as they move to the cloud.
  • In fact, the amount of software running on servers on premise is expected to be cut in half in just three years, according to Wall Street analysts.
  • Business software running on premise are projected to make up only 32% of all applications used by enterprises in 2022, down from 63% today, according to a Morgan Stanley report issued last week.
  • Meanwhile, business at public data center facilities in the US used by big cloud providers is getting stronger, with occupancy rates of roughly 87%.
  • Other tech companies, including Hewlett Packard Enterprise and chip giants, Intel and Nvidia, had also pointed to a dip in the enterprise market, as an expected data center build out did not materialize.

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