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Las Vegas Sands Corp. Q3 adjusted earnings Miss Estimates

(RTTNews) – Below are the earnings highlights for Las Vegas Sands Corp. (LVS): -Earnings: -$565 million in Q3 vs. $533 million in the same period last year. -EPS: -$0.74 in Q3 vs. $0.69 in the same period last year. -Excluding items, Las Vegas Sands Corp. reported adjusted earnings of -$515 million or -$0.67 per share for the period. -Analysts projected -$0.59 per share -Revenue: $0.59 billion in Q3 vs. $3.25 billion in the same period last year.

Markets
Las Vegas Sands Corp. Q3 adjusted earnings Miss Estimates

(RTTNews) – Below are the earnings highlights for Las Vegas Sands Corp. (LVS): -Earnings: -$565 million in Q3 vs. $533 million in the same period last year. -EPS: -$0.74 in Q3 vs. $0.69 in the same period last year. -Excluding items, Las Vegas Sands Corp. reported adjusted earnings of -$515 million or -$0.67 per share for the period. -Analysts projected -$0.59 per share -Revenue: $0.59 billion in Q3 vs. $3.25 billion in the same period last year.

Markets
Discover Financial Services Reports Third Quarter Net Income of $771 Million or $2.45 Per Diluted Share

Discover Financial Services (NYSE: DFS): Third Quarter Results   2020 2019 YOY Change Total loans, end of period (in billions) $88.7 $92.5 (4%) Total revenue net of interest expense (in millions) $2,714 $2,900 (6%) Total net charge-off rate 3.00% 3.05% -5 bps Net income/(loss) (in millions) $771 $770 —% Diluted EPS $2.45 $2.36 4% Discover Financial Services (NYSE: DFS) today reported net income of $771 million or $2.45 per diluted share for the third quarter of 2020, as compared to net income of $770 million or $2.36 per diluted share for the third quarter of 2019. “While the economic environment remains challenging, I am encouraged by

Markets
Tesla posts another profit as it blows past analyst estimates and trucks toward its first-ever profitable calendar year

Elon Musk. REUTERS/Joe SkipperTesla on Wednesday announced its third-quarter financial results.  The electric automaker reported earnings of $0.76 per share on top of $8.77 billion in revenue.  Wall Street analysts polled by Bloomberg had expected $0.55 per share and $8.2 billion of revenue.  Visit Business Insider’s homepage for more stories. Tesla on Wednesday posted its fifth consecutive profitable quarter, putting the electric automaker on track to turn its first-ever annual profit this year. The company said it earned $0.76 per share for the three-months ended September 31, on $8.77 billion in revenue. Wall Street analysts polled by Bloomberg had expected $0.55 of earnings per share on $8.26 billion in revenue.  The company’s stock price rose about 4% in late trading following the release. Shares have soared nearly 400% higher this year as investors clamor for a piece of Tesla’s growth. “We continue to see growing interest in our cars, storage and solar products and remain focused on cost-efficiency while growing capacity as quickly as possible,” the company said in a press release.  Tesla also revealed that made $397 million by selling regulatory tax credits to other automakers. Those sales have been increasing in recent years, and account for a

Markets
General Motors' Cruise will pandemic-proof its driverless EV shuttles before they roll out in San Francisco

Cruise CTO and cofounder Kyle Vogt at the Origin’s debut in early 2020. Stephen Lam/ReutersAutonomous ride-hailing startup Cruise will build pandemic protections into its Origin shuttles. The all-electric Origin was unveiled at the beginning of 2020; it’s being jointly developed by General Motors and Honda. The Origin will be built at GM’s Factory Zero in Michigan, alongside the new GMC Hummer electric pickup truck. Cruise is also petitioning NHTSA to put the Origin on the road in San Francisco without traditional controls, such as steering wheels and pedals. Visit Business Insider’s homepage for more stories. Public transit is in a weird limbo amid the COVID-19 pandemic, with many folks opting for private cars instead. But self-driving startup Cruise wants to help ease that fear. On Wednesday, the San Francisco-based, General Motors-affiliated company said in a Medium post that it would engineer additional safety features into the Origin shuttle, a vehicle it unveiled at the beginning of 2020 and plans to roll out at an unspecified date. “From the minute that ‘COVID’ became a household name, our teams worked with a Harvard-trained epidemiologist to rethink both the interior of the Origin, as well as the riding experience,” wrote Robert

Markets
Democrats block a $500 billion 'skinny' coronavirus aid bill identical to another that Republicans unveiled a month ago

Senate Minority Leader Chuck Schumer (D-New York) at a press conference in Washington. NICHOLAS KAMM/AFP via Getty ImagesDemocrats blocked a GOP coronavirus relief bill from advancing in the Senate. The vote fell along party lines, 51-44. Sixty votes were needed for the legislation to advance onto the Senate floor. Stimulus negotiations between Democrats and the White House are showing renewed signs of progress after weeks of unpredictability. Visit Business Insider’s homepage for more stories. Senate Democrats blocked a $500 billion slim coronavirus relief bill from Republicans on Wednesday, blasting it as inadequate to address the twin economic and public health crises. Democrats had dismissed a similar plan over a month ago. The vote was along party lines, 51-44.  It fell short of the 60 votes needed to advance. Senate Majority Leader Mitch McConnell said in a speech on the floor the plan was not completely ideal for both sides. “The legislation before us is neither Republicans’ nor Democrats’ idea of a perfect bill. I think we’re all clear on that,” the Kentucky senator said. The 285-page legislation would implement a $300 weekly federal unemployment benefit through the end of December and provide more forgivable federal loans to small businesses.

Markets
Cayman Islands Launches Global Citizen Concierge Program, Prepares to Welcome Long-Term Guests and Digital Nomads with Caymankindness

The Cayman Islands Government Unveils New Tourism Initiative Inviting Telecommuters to Live and Work Remotely in Paradise GRAND CAYMAN, Cayman Islands, Oct. 21, 2020 /PRNewswire/ — While the borders to the Cayman Islands remain closed to commercial airlift and cruise traffic at this time, the Cayman Islands is pleased to officially announce the launch of the Global Citizen Concierge Program (GCCP), a tourism initiative designed for digital nomads looking to take advantage of the flexibility provided by remote work. As thousands of corporations opt to keep their workforce at-home for the foreseeable future, eligible professionals and families can upgrade their home offices significantly, by choosing to live and work remotely in the Cayman Islands for up to two years by acquiring a Global Citizen Certificate. Formally launching on October 21, 2020 and facilitated by the Cayman Islands Department of Tourism (CIDOT) in conjunction with the Ministry of Tourism and supporting government departments, the GCCP will provide the highest standard of personalized service for long-term guests and global citizens from arrival to departure. “Global Citizen Concierge provides the perfect opportunity for remote workers to live the life of their dreams on our idyllic shores and amongst our Caymankind people,” said Hon. Deputy

Markets
Global Synthetic and Bio Based Polypropylene Market 2020-2026 Growing Demand in the Automotive Industries

DUBLIN, Oct. 21, 2020 /PRNewswire/ — The “Synthetic and Bio Based Polypropylene Market – Global Industry Perspective, Comprehensive Analysis and Forecast 2020-2026” report has been added to ResearchAndMarkets.com’s offering. Global demand for synthetic and bio-based polypropylene market was valued at approximately USD 32.1 Million in 2019, and is expected to generate revenue of around USD 53.2 Million by end of 2026, growing at a CAGR of around 7.5% between 2020 and 2026.Polypropylene is the thermoplastic polymer with properties such as, high melting point and lightweight. Polypropylene is majorly used in textiles, packaging, medical glassware and in packaging of food & beverage. Synthetic polypropylene is made from the petroleum based polymers that are obtained from hydrocarbon and petroleum products. Bio based polypropylene are the polypropylene obtained from the natural raw materials such as sugarcane, beet and corn.Polypropylene has wide range of applications in several industries. Growing demand in the automotive industries drives the synthetic and bio based polypropylene market. Use of polypropylene in the construction and rapidly rising demand for infrastructural sector fuels the growth of the market.Also increasing used of polypropylene in the textile industry is expected to experience high market growth in the near future. However, several regulations led

Markets
Vacuum cleaner billionaire James Dyson sold Singapore's most expensive penthouse for $47 million — that's $7 million less than what he paid for it a year ago

Tristan Fewings/BFC/Getty Images for BFCJames Dyson, the billionaire inventor of the Dyson vacuum cleaner, sold Singapore’s most-expensive penthouse to infotech billionaire Leo Koguan, Singapore’s Business Times reported. Dyson sold it for $47 million — 13% less than the $54 million he paid for it in July 2019. The penthouse occupies the top three storeys of Singapore’s tallest building, the 64-floor Guoco Tower in Tanjong Pagar. It is spread across three floors and boasts a swimming pool, a jacuzzi, and a 600-bottle wine cellar. Visit Business Insider’s homepage for more stories. Singapore’s largest and most expensive penthouse is changing hands for $47 million.  But that astronomical price tag represents a loss of around $7 million, or 13%, for the seller James Dyson, the vacuum cleaner billionaire. Dyson bought it in July 2019 for a a reported $54 million. The penthouse occupies the top three floors of Singapore’s tallest building, the 64-floor Guoco Tower in Tanjong Pagar. The 21,000 square foot flat has a swimming pool, jacuzzi, and a 600-bottle wine cellar. It also boasts views over the city’s harbor and financial district. Dyson, who invented the Dyson vacuum cleaner and is Britain’s richest man, has accepted an offer from billionaire Leo

Markets
Canadian Shares Turning In Mixed Performance In Cautious Trade

(RTTNews) – The Canadian market is turning in a mixed performance Wednesday morning with investors making cautious moves, reacting to the latest batch of economic data and following updates on U.S. stimulus talks and coronavirus infections. Healthcare stocks are back in demand after suffering sharp losses in the previous session. Materials are the other prominent gainers. Industrial shares are weak, while shares from the rest of the sectors are turning in a mixed performance. The benchmark S&P/TSX Composite Index, which recovered to 16,313.10 after initially edging down to 16,222.84, was down with a marginal loss at 16,273.65 a little while ago. The Capped Healthcare Index is up 2.5%. Canopy Growth Corporation (WEED.TO), the top gainer in the index, is up more than 6%. Aurora Cannabis (ACB.TO) is gaining 5.75%, Cronos Group (CRON.TO) is surging up 4.25% and Bausch Health Companies (BHC.TO) is advancing 2%. Aphria Inc. (APHA.TO) and Sienna Senior Living (SIA.TO) are up 1.5% and 1.3%, respectively. In the materials section, First Quantum Minerals (FM.TO) is up more than 8% and Hudbay Minerals (HBM.TO) is gaining 6%. Endeavour Mining Corp (EDV.TO), Fortuna Silver Mines (FVI.TO) and MAG Silver Corp (MAG.TO) are up 5.3 to 5.7%. Ssr Mining (SSRM.TO), Canfor

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