Event Planer http://eventplaner.net/ Sun, 26 Sep 2021 20:36:20 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://eventplaner.net/wp-content/uploads/2021/03/cropped-favicon-32x32.jpg Event Planer http://eventplaner.net/ 32 32 ‘Sable’ review – Entertainment Focus https://eventplaner.net/sable-review-entertainment-focus/ Sun, 26 Sep 2021 18:52:06 +0000 https://eventplaner.net/sable-review-entertainment-focus/

In the land of Midden, teens participate in a rite of passage known as The Gliding. It is essentially a self-discovery adventure where gliders explore the bigger world to find their place. Here, players take on the role of Sable as she prepares for her own gliding.

The first hour or so of the game allows you to meet the Sable Tribe. This is an essential part of the game that acts as a tutorial and is one of the only mandatory sections. Here you can take on basic quests and simple puzzles.

The result of the opening leaves you with two important things for your impending trip The result of the opening leaves you with three important things for your impending trip. The first is a compass that helps you find your way. The second is a sliding stone that allows Sable to float in the air. Finally, after finding and assembling the parts, you also get your very own hoverbike, Simoon.

When you leave the house, your tribe also leaves and you find yourself very lonely. Sand is an open world adventure that really gives you a lot of freedom. The world of Midden is divided into different areas, but where you go and what you do is completely up to you. If you want to reduce the time spent traveling, you can use a fast and convenient travel option. I would much rather ignore it and find my own way.

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Simoon is somewhat reminiscent of a Star Wars pod racer. It’s a bit awkward to control but that only adds to its charm. Walking around the landscape is strangely addicting and quite relaxing. At any time you can disembark and explore on foot. If you forget where you last left it, you can call and Simoon will do their best to come to you.

However, it is not always as easy as you would like it to be. This is because there are a lot of obstacles around and a lot of the game requires you to climb. Sable is able to climb just about any surface and is only limited by his stamina. This means that you have to be careful where you climb or you will tire and fall. Fortunately, you can still make yourself safe.

Credit: Raw Fury / Shedworks

In fact, the game is very forgiving and does not impose any type of fall damage. There’s also no fighting to master, no boss fights or even death. This lets you experience Sable’s journey. As you travel the world, there are a lot of camps to discover which are filled with interesting characters. Here you can talk to whoever you love and everyone you meet on your travels is well written. Some characters have interesting information while others have quests available if you want to take them on.

The quests are varied and usually involve traveling to a specific location to do something. Many are traditional recovery quest types, but some are quite unique. There is usually a mix of working out where to go, jumping, climbing and sliding as well as light puzzle elements.

In addition to quests, each area has a cartographer to find out who can sell you a map. These still require a lot of climbing and getting their maps makes it a bit easier to orient themselves. The landscapes are also littered with the remains of crushed spaceships that hold secrets to be discovered.

Sable
Credit: Shedworks / Raw Fury

One of Sable’s main goals is to determine who you want to be. This is done by earning different types of badges. When you get three badges of the same type, you can forge them into a mask. When you are happy that you have collected the mask you want, you can return to your tribe. This means that you can complete the game in a matter of hours or push to find out everything. In my game, I passed the 10 hour mark, but I can’t wait to come back to see the things I missed.

Visually Sable is an absolute pleasure to watch. It uses a cell-shaded aesthetic reminiscent of the sci-fi and fantasy works of Jean “Moebius” Giraud. This gives the game a nice cartoon anime look that constantly changes color in sync with the time of day. Audio is also worth mentioning with a stunning soundtrack from indie rock band Japanese Breakfast.

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As much as I enjoyed Sable, I encountered quite a few bugs in my time with the game. Most of them weren’t particularly serious and will likely be improved with a few fixes. As I moved around the landscape, I often saw objects that should be on the ground and floating in the air. Another odd one that I have encountered on a number of occasions would highlight plants as people you can talk to. Trying to talk to them would make them disappear.

Sable
Credit: Shedworks / Raw Fury

The camera can be a bit boring and will go through objects and the landscape often. It is also often obscured by dust thrown by Simoon, but this may be due to its design. More serious bugs I encountered included the disappearance of Simoon and the UI denying the game ball at trading posts. Restarting the game was necessary to resolve these issues, but I never lost the progress. I also managed to corner Simoon in a cave on a quest by entering in a way the game didn’t expect. Saving Simoon forced me to figure out what the game wanted me to do in the first place.

Overall, I absolutely loved my time with Sable. I liked that he does things his own way and gives the players freedom. It’s actually an incredibly relaxing game and I found myself happy enough to mindlessly explore the beautiful surroundings on my hoverbike while listening to the soundtrack. Sable is an impressive start for developer Shedworks and I can’t wait to see what they’ll be working on next.

Sand has been reviewed using a numeric code provided by the publisher.

Editor: Raw fury Developer: Hangars Release date: September 23, 2021 Revised on: PC / Steam Also available on: Xbox Series X | S, Xbox One, Xbox Game Pass

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Taliban say hundreds in Herat call on US, Europe to unfreeze country’s funds https://eventplaner.net/taliban-say-hundreds-in-herat-call-on-us-europe-to-unfreeze-countrys-funds/ Sun, 26 Sep 2021 17:55:03 +0000 https://eventplaner.net/taliban-say-hundreds-in-herat-call-on-us-europe-to-unfreeze-countrys-funds/
Representative image

Kabul [Afghanistan], Sep 26 (ANI): Taliban spokesman Suhail Shaheen said on Sunday that hundreds of people gathered in Herat province to call on the United States and Europe to unfreeze the country’s reserves.

The gathered Afghans demanded to unfreeze Afghan funds, Shaheen said, adding that the country’s people are facing poverty and economic recession.
“Hundreds of people from different walks of life gathered in Herat, the western province of Afghanistan, calling on the United States and European countries to unfreeze Afghanistan’s reserves. They said the Afghan people are facing poverty and economic recession, ”Shaheen said in a statement. a tweet on Sunday.
Recently, the International Monetary Fund (IMF) put funds for Afghanistan on hold amid growing uncertainty in the country.
These developments came after the IMF recently announced an allocation of $ 650 billion in Special Drawing Rights (SDRs) to member countries, but Afghanistan will not be allowed access to these funds at this time, reported. Tolo News.
On September 16, IMF spokesman Gerry Rice told a press conference that Afghanistan would not have access to this grant due to the uncertainty surrounding the Afghan government. the government. We are guided by the international community in terms of government recognition in Afghanistan, and we do not have it, ”he added. (ANI)

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Nike shares tumble after first quarter results reveal supply chain disruption https://eventplaner.net/nike-shares-tumble-after-first-quarter-results-reveal-supply-chain-disruption/ Sun, 26 Sep 2021 14:30:50 +0000 https://eventplaner.net/nike-shares-tumble-after-first-quarter-results-reveal-supply-chain-disruption/

Nike (NYSE: NKE) released results for its first quarter of fiscal 2022 that disappointed investors. The stock was down 6% the day after the announcement as the company suffered from disruptions in the global supply chain.

Nike noted that sales could have been better if they had had the inventory that customers wanted to buy. The coronavirus pandemic and its effects are very varied. These effects included the forced temporary shutdown of Nike’s manufacturing facilities in Vietnam and Indonesia to help slow the spread of the virus in those countries.

Image source: Getty Images.

Nike faces supply chain challenges

During its first quarter ended Aug.31, Nike reported revenue of $ 12.2 billion and earnings per share of $ 1.16. Meanwhile, Wall Street analysts expected the company to report revenue of $ 12.46 and EPS of $ 1.12. With less inventory in the market, Nike felt less inclined to offer discounts and lower prices on its products, which led to better than expected earnings per share.

Nonetheless, management noted that supply chain headwinds would begin to hurt gross profit margins in the next quarter and for the remainder of the year. The costs of moving inventory between its manufacturing facilities and wholesale partners and customers around the world are increasing.

Labor shortages in ports delay turnaround times for ships carrying large quantities of cargo. For example, Nike noted that it took twice as long to get inventory from its manufacturing facilities to North America as it did before the pandemic.

In addition, the shutdowns of its facilities in Vietnam and Indonesia cost the company weeks of production. The facility in Indonesia is reopened, but the facility in Vietnam remains closed.

Since these effects will persist for at least the remainder of its 2022 fiscal year, management has lowered expectations for critical actions for the next quarter and the rest of the year:

We now expect FY22 revenue to grow one-digit average year over year, compared to our earlier forecast of double-digit growth, only due to impacts on the supply chain that I have just described. Specifically, for the second quarter, we forecast stable or below single digit revenue growth from the prior year as plant closures impacted production and delivery times for the holidays and spring. Lost weeks of production combined with longer transit times will cause inventory shortages in the market for the next several quarters.

Nike’s stock price decline is no surprise

Considering all the negative aspects of Thursday’s earnings report, it’s no surprise that Nike stock closed down 6.2% on Friday. The stock could have fallen further if the company had not reiterated its confidence to meet the long-term goals it presented to investors at the end of fiscal 2021.

Nike’s results are another reminder of the difficulty of running a business during a pandemic. It is not known where an outbreak of COVID-19 infection can occur and what level or degree of disruption it will cause.

This article represents the opinion of the author, who may disagree with the “official” recommendation position of a premium Motley Fool consulting service. We are heterogeneous! Challenging an investment thesis – even one of our own – helps us all to think critically about investing and make decisions that help us become smarter, happier, and richer.

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DeFi and Web 3.0: Unleashing creative juices with decentralized finance https://eventplaner.net/defi-and-web-3-0-unleashing-creative-juices-with-decentralized-finance/ Sun, 26 Sep 2021 10:45:20 +0000 https://eventplaner.net/defi-and-web-3-0-unleashing-creative-juices-with-decentralized-finance/

Decentralized technologies are starting to revolutionize the world of finance, with cryptocurrencies applied in different ways to recreate traditional financial instruments. However, since cryptocurrencies are only backed by people’s faith in them, they are extremely volatile. This means that when it comes to lending value with crypto, neither party can be sure of getting a fair deal.

There has to be a way to secure the value of the loaned assets, which can be done by backing them up with real world value. This is where the tokenization of real assets comes in. This process is fairly straightforward when you consider tangible assets like a building or gold bullion, but what about intangible assets like intellectual property?

Related: Understanding the systemic shift from digitalization to tokenization of financial services

The rise of the creative economy has led to intangible assets representing more 90% of the market value of the S&P 500, a number that will only grow. There must be a way to unleash more creativity to realize the potential of human capital.

Launch funding for creators

Finding a start-up in the designer economy is a big challenge, especially for newcomers. As many entrepreneurs in this segment are discovering, sometimes it is much easier to convey a good idea than to start a business from it.

Creativity, by definition, disrupts what came before; it’s about new ideas, new technologies, new products, new services and new ways of doing things. Driven in large part by the digital revolution, many creative industries are not only innovative in what they do, but in the way they do it.

Related: Bull or bear market, creators dive headfirst into crypto

Fundraising can be difficult for several reasons. On the one hand, banks and investors tend to be conservative. They like certainty and are unlikely to be impressed by an enthusiastic entrepreneur who is convinced that an entirely new and untested idea – whether it’s a design, a software tool, a fashion concept. or a video game – will be commercially successful. Additionally, banks want collateral for their loans, but many creative businesses have no capital to offer.

Stumbling blocks in the inventory

Investors specializing in the creative industries can indeed recognize the genius of an entrepreneur. But in return for their investment, they often want some ownership of the idea and, therefore, some control over its development and commercialization. This may seem unacceptable to the creative entrepreneur who prefers debt financing in the form of a loan over equity financing in the form of shared ownership and labor control with the investor.

Alex Shkor, the founder of DEIP – a company that develops a protocol for the economics of creators – explained to me: “In order for creators to symbolize their works and guarantee them for funding, there has to be a set of contracts. intelligent, which can register assets on chain, issue NFTs, value assets, and manage both collateral and liquidation in the event of default.

Lending framework for the creative economy

Just as loans can be issued in the real economy on the basis of collateral, so can they be issued in the originator economy.

Imagine a game developer (let’s call her Jane) who starts working on a side project. After some time and some positive encouragement from friends and family, Jane decides to take the plunge and convert their side project into a full-time job. But a few months later, and with slower-than-expected progress, Jane’s funds start to dwindle; they’re starting to look at full-time roles again. This situation is common for aspiring designers.

However, with a decentralized platform for intellectual assets, Jane’s progress on their work could be assessed by a decentralized appraisal system that pools the expertise of people in the field to give the unfinished creation an assessment. guided by the intrinsic value of the idea. This inherent value is used as input for calculating collateral, the value of the loan for which it can be issued. Jane can use the loan offered to her for whatever she wants; in this case, to support themselves while they finish game development.

In addition, with or without collateral, a small loan can be granted to newcomers. If Jane does not have a project, a ready-made or half-done creation, she still has the possibility of initial funding as a newcomer to the platform. The loan amount will be smaller because it is unsecured and the loan itself is supported by the segment’s Decentralized Autonomous Organization (DAO) and budgets from its ecosystem fund. The sources of this fund come from the transaction fees and bandwidth allocation payments of the underlying blockchain.

If the loans are repaid on time, Jane’s personal credit rating will improve. In this case, if Jane wants to apply for another loan, the guarantee factor will be lower, which will allow her to borrow more.

If Jane defaults on her loan, all secured assets are taken over by the platform and can be sold to recover the funds through smart liquidation contracts. If Jane has nothing guaranteed, the default risk is realized by the platform and covered by the DAO.

As long as the creator’s credit history is strong and confirmed positively with each new loan, the next installment can be issued with improved terms and conditions iteratively. Credit history becomes an integral and immutable part of the reputation profile of the creator. As Shkor noted:

“The goal of Web 3.0 is to enable a decentralized designer economy and all the technologies for that already exist.”

He continued, “We just need to drive the adoption of these technologies in real industries, in creative industries, for assets produced by creators. This will not only increase the liquidity of the assets of the creators’ economy, but will also open up a flow of capital to the creators. ”

The views, thoughts and opinions expressed here are those of the author alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

Alexandra Luzan is a PhD student researching the link between new technologies and art at Ca ‘Foscari University in Venice. For the past ten years, Alexandra has been organizing technological conferences and other events in Europe dedicated to blockchain technology and artificial intelligence. She is also interested in the relationship between blockchain technology and art.

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Mom saves child who fell into open manhole in park https://eventplaner.net/mom-saves-child-who-fell-into-open-manhole-in-park/ Sun, 26 Sep 2021 07:53:00 +0000 https://eventplaner.net/mom-saves-child-who-fell-into-open-manhole-in-park/

UNION, NJ (News 12) – A mother in New Jersey has made a daring rescue after her 2-year-old son fell into an open manhole while playing in the park.

People who live near Kawameeh Park in Union County, New Jersey, say Ida’s floodwaters have forced the manhole covers to at least two manholes there. They wonder why no one came to fix the problem until a child fell into it.

Juan Flores has not taken his children to the park, one block from his home, since the flooding over two weeks ago. He reported the manhole cover issue to the city on Monday.

“We called several times. I’m pretty sure a lot of the neighbors did because we have a lot of kids playing in this park. Nobody came. Nobody closed the holes, ”he said.

On Thursday morning, a 2-year-old boy fell into one of the open manholes while playing in the park. His mother jumped after him, grabbing him just in time.

“While she was on the phone with 911, it started to float with the sewage flowing… She dropped her phone, jumped into the hole and was able to grab it before it hit a point in the sewer where she couldn’t reach him, ”said Battalion Commander Anthony Schmidtberg of the Union Fire Department.

The mother managed to get herself and her son out. They were examined by paramedics at the scene and then went to hospital on their own for observation.

Tamisha Baako, who lives across the street from the park with her three children, says it’s disappointing that it took such a traumatic incident to force action. She is grateful it was no worse.

“There are so many events that actually happen in this park, so the fact that it hasn’t been addressed or reviewed is a big oversight. You come to the park to enjoy and relax… then to have a devastating experience like this and traumatic for her and her son, ”Baako said.

Copyright 2021 News 12 New Jersey via CNN Newsource. All rights reserved.

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Delta delays economic recovery, but rejects market recession https://eventplaner.net/delta-delays-economic-recovery-but-rejects-market-recession/ Sat, 25 Sep 2021 19:08:13 +0000 https://eventplaner.net/delta-delays-economic-recovery-but-rejects-market-recession/

After passing through the first waves of Govt-19 with the highest death toll in the world (687,000 in total), the United States is threatened by its delta diversion towards its economic recovery. Experts insist on a recovering recession, but hope this year’s gross domestic product (GDP) will remain positive – by 2020 it will have fallen to 3.56, the highest since 1946.

According to the New York Times, the US economy is facing a double blow: Delta variance has reduced tax incentives. The Basek security program, which has disbursed hundreds of billions of dollars in grants and loans to thousands of small businesses, was halted by a Supreme Court ruling in March of this year. President Joe Biden did not provide assistance.

+ Exception – Iran and Venezuela sign oil export deal under US sanctions.
+ Tickets to the United States increase after the release of vaccinated Brazilians

The newspaper also estimates that 7.5 million unemployed people lost their benefits when the incentive ended.

The Federal Reserve announced last Wednesday (November 22) that it would stop paying incentives.

While Wall Street economists wait until the end of the month to solidify expectations of anemic monthly economic growth, some argue the economy is strong. Some believe the economy is heading into another recession.

“There was a clear recession, but I would focus on the recession rather than the recession,” Jay Bryson, chief economist at Wells Fargo, told NYT.

Karen Dynan, Harvard professor and head of the Treasury in the Obama administration, said, “We should be concerned that the recovery is weakened even further and that appetite is reduced to allow for more financial stimulus.

“Fall will be slow for all of us as we withdraw our support. There will be a recession in the labor market, and black and brown workers are facing it, ”said William Sprix, professor at Harvard and chief economist at the Confederation of American Labor and Industry.

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Kessler Topaz Meltzer & Check, LLP Reminds HYRE Investors of Securities Fraud Class Action https://eventplaner.net/kessler-topaz-meltzer-check-llp-reminds-hyre-investors-of-securities-fraud-class-action/ Sat, 25 Sep 2021 16:00:00 +0000 https://eventplaner.net/kessler-topaz-meltzer-check-llp-reminds-hyre-investors-of-securities-fraud-class-action/

RADNOR, PA / ACCESSWIRE / September 25, 2021 / Law firm Kessler Topaz Meltzer & Check, LLP reminds investors that a securities fraud class action lawsuit has been filed against HyreCar Inc. (NASDAQ: HYRE) (“HyreCar”) on behalf of those who purchased or acquired HyreCar titles between May 14, 2021 and August 10, 2021, inclusive (the “Class Period”).

Deadline reminder: Investors who purchased or acquired HyreCar securities during the recourse period may, no later than October 26, 2021, seek to be appointed as principal applicant representative of the group. For more information or to find out how to participate in this dispute, please contact Kessler Topaz Meltzer & Check, LLP: James Maro, Esq. (484) 270-1453; toll free at (844) 887-9500; by e-mail toinfo@ktmc.com; WhereClick on https://www.ktmc.com/hyrecar-class-action-lawsuit?utm_source=PR&utm_medium=link&utm_campaign=hyrecar

HyreCar operates an online marketplace that allows car and fleet owners to rent their cars from Uber, Lyft and other economy service drivers. HyreCar operates a platform that connects concert drivers to automobiles, while providing insurance and tactical support. HyreCar earns revenue from two revenue sharing fees (one from the driver and one from the owner) as well as from the driver’s insurance fees, with the insurance fees being a significant percentage (if not the majority) of the revenue generated by each transaction. .

The Class Period begins on May 14, 2021. On May 13, 2021, after the market closed, HyreCar issued a press release stating that the Company achieved “Record First Quarter 2021 Financial Results” for the quarter ended 31 March 2021. The statement said that HyreCar’s insurance deposits more than doubled in the quarter to $ 1.7 million, while the amount of HyreCar’s insurance reserve (which shows the amount of claims incurred but not yet paid) had declined by more than 17% since year-end to $ 1.7. million.

The truth about HyreCar’s insurance income was revealed on August 10, 2021. After the market closed, HyreCar issued a press release announcing deeply disappointing results for the quarterly period ended June 30, 2021, including losses net of $ 9.3 million against losses of $ 3.8 million. at the same period the previous year. In addition, HyreCar’s adjusted profit before interest, taxes, depreciation, and amortization (“EBITDA”) for the second quarter of 2021 was $ 7.1 million (four times higher than the loss of adjusted EBITDA of $ 1. $ 7 million suffered in the second quarter of 2020) and its gross profit for the second quarter of 2021 was only $ 0.8 million (less than a third of HyreCar’s gross profit in the second quarter of 2020), with a gross profit margin of only 24%.

Following this news, HyreCar’s share price fell nearly 50% in a single day to close at $ 9.85 per share on August 11, 2021.

The complaint alleges that throughout the Class Period, the Defendants failed to disclose the following adverse facts, which were known to the Defendants or recklessly ignored by them: (1) HyreCar had substantially underestimated its reservations about assurance ; (2) HyreCar consistently failed to pay valid insurance claims incurred prior to the Class Period; (3) HyreCar had incurred significant expenses in transitioning to its new insurance claims administrator and handling claims incurred in previous periods; (4) HyreCar had not correctly priced the risk in its insurance products and therefore experienced a high incidence of claims; (5) HyreCar had been forced to radically reform its underwriting, policies and complaints procedures in response to unacceptable severity of claims and customer complaints; and (6) as a result of the foregoing, HyreCar’s operations and prospects have been distorted because the company was not on track to meet the financial estimates provided to investors during the Class Period, and such estimates did not have a reasonable basis in fact, including the alleged gross margin, EBITDA and net loss trajectories.

HyreCar investors can, no later than October 26, 2021, seek to be appointed as the lead representative of class claimants through Kessler Topaz Meltzer & Check, LLP, or another lawyer, or may choose to do nothing and remain an absent member of the class. A principal plaintiff is a representative party who acts on behalf of all class members in directing the litigation. In order to be named the Principal Plaintiff, the Court must determine that the Class Member’s claim is typical of the claims of other Class Members, and that the Class Member will adequately represent the Class. Your ability to participate in any recovery is not affected by the decision whether or not to serve as the principal applicant.

Kessler Topaz Meltzer & Check, LLP pursues class actions in state and federal courts across the country regarding securities fraud, breach of fiduciary duty, and other violations of state and federal law. Kessler Topaz Meltzer & Check, LLP is a driving force in corporate governance reform and has raised billions of dollars on behalf of institutional and individual investors in the United States and around the world. The firm represents investors, consumers and whistleblowers (private citizens who report fraudulent practices against the government and participate in the recovery of government dollars). The complaint in this action was not filed by Kessler Topaz Meltzer & Check, LLP. For more information on Kessler Topaz Meltzer & Check, LLP, please visit www.ktmc.com.

CONTACT:

Kessler Topaz Meltzer & Check, LLP
James Maro, Jr., Esq.
280 route du Roi de Prussia
Radnor, Pennsylvania 19087
(844) 887-9500 (toll free)
info@ktmc.com

THE SOURCE: Kessler Topaz Meltzer & Check, LLP

See the source version on accesswire.com:
https://www.accesswire.com/665476/Class-Action-Reminder-Kessler-Topaz-Meltzer-Check-LLP-Reminds-HYRE-Investors-for-Securities-Fraud-Class-Action-Lawsuit

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Cryptocurrency crackdown in China: after last ban, more than $ 400 million in tokens liquidated in 24 hours https://eventplaner.net/cryptocurrency-crackdown-in-china-after-last-ban-more-than-400-million-in-tokens-liquidated-in-24-hours/ Sat, 25 Sep 2021 11:53:10 +0000 https://eventplaner.net/cryptocurrency-crackdown-in-china-after-last-ban-more-than-400-million-in-tokens-liquidated-in-24-hours/

As the cryptocurrency market recovers from the crash it suffered in April-May – mainly due to the tightening of Chinese regulations on cryptocurrency trading and mining – another wave of crackdown by the China has left the market in the red. Chinese regulators have stepped up their hammering on these digital assets, imposing a blanket ban on all cryptocurrency transactions and mining in the country this week. As a result, over $ 400 million (approximately Rs. 2,952 crore) of crypto coins were liquidated in one day. This renewed effort to contain cryptocurrency trading has resulted in a significant loss in value of major currencies such as Bitcoin and Ether.

According to data from Bybt, a cryptocurrency exchange and information platform, more than $ 418 million (roughly Rs 3,085 crore) has been wiped off the market. At the time of writing, according to Bybt The data, more than $ 326 million (roughly Rs. 2,406 crore) was liquidated by 80,563 traders in the past 24 hours, meaning initial panic was giving way to stability. The largest liquidation order occurred on Okex-BTC with a value of $ 6.82 million (approx Rs. 50 crore).

On Friday, shortly after the People’s Bank of China made cryptocurrency trading illegal and said it planned to severely punish anyone who did, Bitcoin lost over $ 3,000 (around Rs 2.21 lakhs .) within one hour. At one point, it slipped below $ 41,000 (around Rs.30.26 lakhs.) But has since recovered to $ 42,733 (around Rs. 31.54 lakhs.), According to CoinMarketCap.

The crackdown in China began this year when authorities began warning banks to suspend virtual currency transactions and shut down much of Bitcoin’s mining business operating in the country.

This had resulted in the crash in April-May, when, for example, Bitcoin fell below $ 30,000 (around Rs. 22 lakhs). He gradually recovered and passed the $ 50,000 mark (around Rs. 37 lakhs) at the end of August. But this renewed focus on curtailing cryptocurrency-related activity has once again raised concerns among investors that the market is heading for a bearish turn.


Interested in cryptocurrency? We discuss all things crypto with WazirX CEO Nischal Shetty and WeekendInvesting Founder Alok Jain on Orbital, the Gadgets 360 podcast. Orbital is available on Apple podcasts, Google Podcasts, Spotify, Amazon Music and wherever you get your podcasts.

Cryptocurrency is unregulated digital currency, not legal tender and subject to market risk. The information provided in the article is not intended to be and does not constitute financial advice, business advice or any other advice or recommendation of any kind offered or endorsed by NDTV. NDTV will not be responsible for any loss resulting from any investment based on a perceived recommendation, forecast or any other information contained in the article.

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1 recession-proof infrastructure stock to watch https://eventplaner.net/1-recession-proof-infrastructure-stock-to-watch/ Sat, 25 Sep 2021 11:11:00 +0000 https://eventplaner.net/1-recession-proof-infrastructure-stock-to-watch/

With huge infrastructure spending on the horizon, railways like Pacific Union (NYSE: UNP) could be big winners and could also help protect your portfolio in a recession. In this fool live Video clip, recorded on September 13, Senior Analyst Asit Sharma and Fool.com Contributor Matt Frankel, CFP, explain why Union Pacific is on Asit’s shortlist of infrastructure stocks to watch.

Asit Sharma: This is Union Pacific, Matt, UNP symbol. I’m trying to be consistent here with something I’ve said over the last, I don’t know, year to 18 months and multiple times on Live with Jason. I referred to the railways as a great infrastructure game. I love their strong cash flow. For example, Union Pacific generated $ 4.2 billion in operating cash in the last quarter, not last year. If you go for the best of breed, which to me Union Pacific is one of the best investments in this space, I think you can benefit from future investments in infrastructure. The industry has few headwinds against it now. We have chip shortages, which causes a bit of variability in auto shipments. We have higher gas prices. Fuel prices are having an impact on the outlook for investors in the rail industry. But overall, you have a business at Union Pacific that has improved their operational efficiency by leaps and bounds. They reached an operating ratio of 55.1% in the last quarter. To translate that for those of you who don’t follow this industry, these are very efficient operations. The lower the score, the better. This is an improvement of around six percentage points from the previous year’s quarter. It’s also a great dividend-paying stock. I think they are very well placed to take advantage of future infrastructure investments. There are a few dots in this image in the Biden administration’s infrastructure plans. They have curved balls that they threw at the rail industry in that the railways will have to work together and share access to a few points, which they weren’t required to do before in the part of this plan. But they’ve been preparing for it for several years, so I think it will go well. Union Pacific itself has a very fluid network, excellent switching yards. I don’t think it will be a problem for them to share access points here and there with their worthy competitors. Overall, when looking to build a portfolio of really good infrastructure stocks, think of this as core holding. It might not be the one you expect the most, but it definitely has its place in a wallet like this. If nothing else happens, you will continue to reap the rewards of this strong cash flow. Like I said, wonderful dividend action. Lots of big improvements in their metrics over the past few years. I see further share price growth coming for Union Pacific. This is one of my best ideas for next year. It’s consistent with what I’ve been really saying for almost a year, a year and a half.

Matt Frankel: It’s also a really good recession-resistant game, it’s worth mentioning. The rail industry is great. If we get a real recession, not like the COVID recession that lasted March and April of last year, but a real deep recession.

This article represents the opinion of the author, who may disagree with the “official” recommendation position of a premium Motley Fool consulting service. We are motley! Challenging an investment thesis – even one of our own – helps us all to think critically about investing and make decisions that help us become smarter, happier, and richer.

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Best Streaming Stock: Netflix vs. Roku https://eventplaner.net/best-streaming-stock-netflix-vs-roku/ Sat, 25 Sep 2021 10:25:00 +0000 https://eventplaner.net/best-streaming-stock-netflix-vs-roku/

Netflix (NASDAQ: NFLX) and Roku (NASDAQ: ROKU) are two of the market’s leading streaming media titles. Netflix has the world’s best streaming video platform in terms of paid subscribers, while Roku is the market leader in streaming media devices in North America.

Netflix was actually an early investor in Roku. Roku founder Anthony Wood previously worked at Netflix, where he led the development of a set-top box for his streaming platform. But Wood then left Netflix and spearheaded Roku’s development of his own set-top box, and the rest is history.

Image source: Getty Images

Both Netflix and Roku are benefiting from the slow death of “linear TV” services like cable and satellite TV and the rise of on-demand streaming services. Netflix launched its first video streaming platform in 2007, and its stock has skyrocketed 21,430% in the past 14 years. Roku went public in 2017, and its stock has already risen by about 2,290% from its IPO price of $ 14.

However, the two companies are also facing a growing number of competitors. Netflix must face Disney (NYSE: DIS) and other rapidly growing streaming platforms, while Roku faces intense competition from Amazon (NASDAQ: AMZN) and other tech giants in the crowded streaming device market.

Are either of these streaming stocks still worth buying today? Let’s compare their core businesses, growth rates and valuations to find out.

How fast is Netflix growing?

Netflix generates almost all of its revenue through paid subscriptions. Its total revenue grew 24% to $ 25 billion in 2020, and the number of paying subscribers increased 22% to 203.7 million. Its net profit rose 48% to $ 2.8 billion.

Netflix has generated robust growth throughout the pandemic, with people staying at home and streaming more content. Postponed projects and reduced marketing spending throughout the crisis also pushed Netflix’s operating margin from 12.9% in 2019 to 18.3% in 2020.

In the first half of 2021, Netflix revenue grew 22% year-over-year to $ 14.5 billion. Its paid subscriber count rose 8% to 209.2 million, exceeding its own forecast but raised concerns about a post-pandemic slowdown and competition from Disney – which ended its final quarter with nearly 174 million streaming subscribers on Disney +, ESPN + and Hulu.

On the bright side, Netflix’s operating margin still fell from 19.4% to 26.2% and its net profit jumped 114% to $ 3.1 billion. This expansion can in part be attributed to its tighter spending on new content.

Netflix aims to keep annual revenue growth at around 20%, but analysts expect revenue to grow only 19% this year and 15% next year. They expect its profits to jump 72% this year, but only improve 23% next year, likely as it ramps up spending on new shows and movies again.

How fast is Roku growing?

Roku generates most of its revenue and gross profit from its software platform – which hosts its embedded ads, content partnerships, and ad-supported Roku channel – while the rest comes from its proprietary hardware players. . By growing its higher margin platform business, Roku can sell its streaming devices at much lower prices.

Roku’s revenue grew 58% to $ 1.8 billion in 2020, and its active accounts grew 39% to $ 51.2 million. This growth can be attributed to the tendencies to stay at home during the pandemic, as well as the expansion of the Roku Channel – which now includes the old Quibi shows – as a free alternative to linear TV channels and paid streaming platforms like Netflix.

Roku ended the year with an operating loss, but its gross margin increased year over year from 43.9% to 45.4% as its business expanded. platform. Its Adjusted EBITDA more than quadrupled to $ 150 million.

In the first half of 2021, Roku’s revenue jumped 80% year-over-year to $ 1.2 billion. Its active accounts rose 28% to 55.1 million, but a sequential drop in its second-quarter streaming hours – which Roku attributed to reopening trends – scared investors.

But Roku’s gross margin still fell from 42.5% to 54.5%, even as its computer hardware business struggled with component shortages, and it generated Adjusted EBITDA of $ 248 million, against a loss of $ 20 million in the first half of 2020. Analysts expect Roku revenue to rise 60% this year and 37% next year. It is hoped that it will post its first adjusted profit this year and that its profits will increase by 32% next year.

The evaluations and the verdict

Netflix is ​​trading at 46 times futures earnings and nine times this year’s sales. Roku has a forward P / E ratio of nearly 200 (assuming it generates adjusted profit this year) and is trading at 16 times this year’s sales.

Both companies face post-pandemic slowdowns, but Netflix is ​​currently a more reasonable investment than Roku. Netflix’s valuation appears to be depressed by competitive threats, but the world’s leading paid streaming video platform is likely to maintain its lead after the pandemic ends.

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John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of the board of directors of The Motley Fool. Leo Sun owns shares of Amazon, Roku, and Walt Disney. The Motley Fool owns shares and recommends Amazon, Netflix, Roku, and Walt Disney. The Motley Fool recommends the following options: January 2022 long calls at $ 1,920 on Amazon and January 2022 short calls at $ 1,940 on Amazon. The Motley Fool has a disclosure policy.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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