benefitsConnect Acquires Strategic Benefits & Insurance Services Ltd. | 2020-07-31 | Press Releases

angel may

TORONTO, July 31, 2020 /CNW/ – benefitsConnect an employee benefits consulting firm is proud to announce, effective August 1, 2020, the 100% share purchase of Strategic Benefits & Insurance Service Ltd. headquartered in Kingston, Ontario. A soft launch has been ongoing since February 1, 2020.

benefitsConnect Inc. Logo (CNW Group/benefitsConnect Inc.)

This merger of two great companies is a significant step to partnering with the “best in class” firms as part of benefitsConnect growth plans. The acquisition will enhance the value of services offered to our Kingston and surrounding area clients through technology, value added services, advice and innovation in the employee benefits marketplace. “The advice, attention to detail and service which Debra and Richard Dobing provide our clients, in Kingston, is unmatched in the industry. We are glad to have them as part of our team at benefitsConnect,” said Paul Crossdale, President, benefitsConnect.

About Us

Founded in 2001, benefitsConnect

Read More

Remarks for G20 Finance Ministers and Central Bank Governors Meeting

angel may

As prepared for delivery

WASHINGTON, July 18, 2020 – World Bank Group President David Malpass released the following remarks for today’s virtual G20 Finance Ministers and Central Bank Governors Meeting:

The pandemic has triggered the deepest global recession in decades, and what may turn out to be one of the most unequal in terms of impact.  People in developing countries are particularly hard hit by capital outflows, declines in remittances, the collapse of informal labor markets, and social safety nets that are much less robust than in the advanced economies.  Adding to the inequality problem, growth and investment prospects are weak and the dominant stimulus in advanced economies is through massive central bank asset purchases, which provides selective support to higher rated bonds and bondholders in their own markets.

For the poorest countries, poverty is rising rapidly, median incomes are falling, and growth is deeply negative.  Debt burdens – already

Read More

Analysis: ‘Rich’ millennials choosing NH

angel may

State ranks 14th in nation, first in New England as place where they’re moving

Concord Pinned On A Map Of UsaMillennials with money apparently like the idea of living in New Hampshire, according to a recent analysis of IRS data.

The analysis, conducted by SmartAsset, a personal finance technology company, New Hampshire ranks 14thin the country where more “rich” millennials are moving than leaving. The analysis defines a “rich” millennial as someone under 35 with an adjusted gross income of at least $100,000.

Using data from 2017 and 2018, the analysis measured the net migration of the millennials by calculating the number of those who moved into the state as opposed to moving out of it. According to the analysis, 1,088 rich millennials moved into the state in 2017-18 and 828 moved out, for a net in-migration of 260.

Among New England states, New Hampshire was just ahead of Maine, which was 15th

Read More

Trending Market News Wednesday: Facebook, Denbury, L Brands

angel may

The major U.S. indices were rising Wednesday, breaking out of the recent volatile trading with all three major indices spending the majority of the session in the green. 

The Dow Jones Industrial Average was up 0.36% while the Nasdaq and S&P 500 both rose about 1%. 

Here are some of the Wall Street stories you may have missed today. 

Victoria’s Secret Parent Cuts Costs

The stock price of Victoria’s Secret parent L Brands  (LB) – Get Report jumped more than 30% after the price targets on the shares were upgraded by six analyst firms. Deutsche Bank raised its price target 68% to $27 a share. 

L Brands unveiled a plan to cut $400 million in annualized costs as it prepares to spin off Victoria’s Secret after failing to sell the company earlier this year.

As part of the cost-cutting measures, L Brands will lay off 15% of its

Read More

World Insurance Associates Acquires Airways International Insurance Services LLC of Mickleton, NJ

angel may

World Insurance Associates LLC (WIA), a Top 100 Insurance Agency, announced today that it acquired Airways International Insurance Services LLC (AIIS) of Mickleton, New Jersey, on May 1, 2020. Terms of the transaction were not disclosed.

Alex Morris founded Airways International Insurance Services in 2006, after more than 30 years of experience in the Aerospace Industry. AIIS offers a wide array of products and services for the Aviation and Marine industries, in addition to sound professional advice and contract reviews. Alex and the AIIS team are licensed pilots with over 65 combined years of industry and professional underwriting experience.

“We are thrilled to welcome Airways International Insurance Services to our organization,” said Rich Eknoian, CEO and Co-Founder of World Insurance Associates LLC. “Alex and his team bring tremendous expertise in a new industry for us, and we look forward to working together.”

Alex Morris states, “It’s exciting to partner with

Read More

Camping World Holdings, Inc. Announces Date of Second Quarter Fiscal 2020 Earnings Conference Call

angel may

Camping World Holdings, Inc. (NYSE: CWH) (the “Company”) today announced that its financial results for the second quarter fiscal 2020 will be released after the market closes on Wednesday, August 5, 2020. The Company will host a conference call at 5:00 p.m. Eastern Time to discuss the financial results.

Investors and analysts interested in participating in the call are invited to dial 800-289-0438 (international callers please dial 1-323-794-2423) approximately 10 minutes prior to the start of the call. A live audio webcast of the conference call will be available online at http://investor.campingworld.com.

A taped replay of the conference call will be available within two hours of the conclusion of the call and can be accessed both online and by dialing 844-512-2921 (international callers please dial 412-317-6671). The pin number to access the telephone replay is 2353595. The replay will be available until August 12, 2020.

About Camping World

Camping World

Read More

Weekly falling trend line holds the key to 1.3200 ahead of the BOE

angel may

  • GBP/USD extends pullback from 1.3108 towards crossing immediate resistance line.
  • MACD conditions, sustained trading beyond 1.3100 favor the bulls.
  • An ascending trend line from July 28 restricts short-term downside.

GBP/USD takes the bids near 1.3135, up 0.21% on a day, during Thursday’s Asian session. The Cable recently bounced off 1.3108 to print a two-day winning streak. In doing so, the quote aims to confront an immediate resistance trend line.

With the MACD teasing bulls, the pair is more likely to overcome a downward sloping trend line from July 31, at 1.3160 now, which in turn could quickly propel the pair towards March high near 1.3200. However, July month’s high of 1.3170 may act as a validation point for the further rise.

Should the bulls remain dominant part-1.3200, the yearly top of 1.3261 and December 2019 peak surrounding 1.3515 could gain market attention.

On the contrary, 1.3100 acts as a nearby

Read More

US Equities Rise As Federal Reserve Keeps Rates Near Zero

angel may

KEY POINTS

  • Federal Reserve kept rates unchanged at near zero
  • Pending home sales jumped 16.6% in June
  • European markets finished mixed

U.S. stocks climbed on Wednesday as the Federal Reserve kept interest rates unchanged but warned of serious risks to economy.

The Dow Jones Industrial Average gained 160.29 points to 26,539.57, while the S&P 500 rose 40 points to 3,258.44 and the Nasdaq Composite Index climbed 140.85 points to 10,542.94.

Wednesday’s volume on the New York Stock Exchange totaled 3.83 billion shares with 2,379 issues advancing, 121 setting new highs, and 628 declining, with 13 stocks setting a new low .

Active movers were led by Eastman Kodak Co. (KODK), General Electric Co. (GE) and Advanced Micro Devices Inc. (AMD).

The Fed said U.S. economic activity and employment “have picked up somewhat in recent months but remain well below their levels at the beginning of the year.”

The Fed added

Read More

World Wrestling Entertainment Inc (WWE) Q2 2020 Earnings Call Transcript

angel may

Logo of jester cap with thought bubble.

Image source: The Motley Fool.

World Wrestling Entertainment Inc (NYSE:WWE)
Q2 2020 Earnings Call
Jul 30, 2020, 5:00 p.m. ET

Contents:

  • Prepared Remarks
  • Questions and Answers
  • Call Participants

Prepared Remarks:

Operator

[Operator Instructions] Hello. And welcome to the webcast entitled WWE Second Quarter Earnings. [Operator Instructions] I will now turn the call over to Michael Weitz, SVP, Financial Planning and Investor Relations. Please go ahead, Michael.

Michael WeitzSenior Vice President of Financial Planning and Investor Relations

Thank you. And good morning — good afternoon, everyone. Welcome to WWE second quarter 2020 earnings conference call. Leading today’s discussion are Vince McMahon, our Chairman and CEO, as well as Frank Riddick, our Interim Chief Financial Officer. Their remarks will be followed by a Q&A session. We issued our second quarter earnings release earlier this afternoon and posted the release, our earnings presentation and other supporting materials on our website.

Read More

Coronavirus update: U.S. death toll climbs above 150,000, and White House task force says 21 states are in the ‘red zone’

angel may

The U.S. death toll from the coronavirus illness COVID-19 climbed above 150,000 late Wednesday, and the White House task force created to manage the pandemic said 21 states are now in the “red zone.”

In a new report, the task force said Alabama, Arizona, Arkansas, California, Florida, Georgia, Idaho, Iowa, Kansas, Louisiana, Mississippi, Missouri, Nevada, North Carolina, North Dakota, Oklahoma, South Carolina, Tennessee, Texas, Utah and Wisconsin each had recorded more than 100 new cases per 100,000 people in the last seven days.

The report advises those states to continue or enforce face-mask mandates; to close places where social distancing and mask use cannot occur, such as bars; to move to outdoor dining; to limit the number of people allowed to gather in one place; and to scale up testing, contract tracing and isolating, measures health experts have long said are needed to contain the spread.

President Donald Trump at

Read More