India’s kite-makers see sales fly during lockdown

Children in Delhi holding a kiteImage copyright
Romita Saluja

Image caption

Kite sales in India boomed during the country’s lockdown

Mohammad Ahmed has been selling kites for the past 11 years, and he says he has never seen it so busy.

Sales at his shop in Delhi have soared over the past six months – thanks to coronavirus.

Mr Ahmed says that most days since India went into lockdown on 25 March he has restocked his shop with kites worth a total 150,000 rupees ($2,000; £1,500), only for them to sell out by the evening.

“I am tired of taking phone calls,” he says. “Suddenly everybody has needed kites. I am still getting calls from all over the country – Maharashtra, Tamil Nadu, Rajasthan… There is still so much demand that I am not able to fulfil it.”

While Italians sang songs from their balconies and windows to boost morale when they were stuck at

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Does Nature’s Sunshine Products’ (NASDAQ:NATR) Share Price Gain of 25% Match Its Business Performance?

Diversification is a key tool for dealing with stock price volatility. But the goal is to pick stocks that do better than average. Nature’s Sunshine Products, Inc. (NASDAQ:NATR) has done well over the last year, with the stock price up 25% beating the market return of 22% (not including dividends). The longer term returns have not been as good, with the stock price only 13% higher than it was three years ago.

View our latest analysis for Nature’s Sunshine Products

In his essay The Superinvestors of Graham-and-Doddsville Warren Buffett described how share prices do not always rationally reflect the value of a business. One way to examine how market sentiment has changed over time is to look at the interaction between a company’s share price and its earnings per share (EPS).

During the last year Nature’s Sunshine Products grew its earnings per share (EPS) by 261%. It’s fair to say

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Battery & L.A. Clippers Advertising Campaign Named Finalist at ThinkLA Awards for Effectiveness

Los Angeles Creative Agency Recognized for Rallying Clipper Nation and Angelenos Around Shared Values and Culture of The Real, Authentic L.A.

LOS ANGELES, Sept. 3, 2020 /PRNewswire/ — Battery, the L.A. based creative advertising agency known for unignorable work in entertainment, gaming, and consumer goods, has been named a finalist at the 2020 ThinkLA Awards in the Advertising Achievement Award category for its integrated marketing campaign for the L.A. Clippers 2019 – 2020 NBA season.

The Clippers have fearlessly put in the work to earn the respect of fans globally, establishing themselves through groundbreaking investments in the team, the greater Los Angeles community, innovative technologies and the game experience.

The Clippers style of basketball is tough, driven and built on unrelenting conviction, as witnessed during the 2018-19 season. Battery set out to highlight these admirable traits by crafting a TVC/Digital Film campaign for the ’19-20 season aimed at increasing

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Oklahoma Legislature among worst in fundraising gender parity | News

OKLAHOMA CITY — Oklahoma ranks among the worst states nationwide in fundraising gender parity in the state Legislature, according to a new study by the National Institute on Money in Politics.

In Oklahoma, male lawmakers outraised their female counterparts by a median $24,253 from 2016-19, the analysis found. Female lawmakers raised a median $84,396 while male legislators raised a median $108,649.

Oklahoma had the 11th worst disparity.

Male candidates in Texas, New Jersey, California, Ohio and Georgia were the Top 5 states where male lawmakers most outraised female lawmakers. Meanwhile, female lawmakers in Virginia, Illinois, Pennsylvania, Nevada and Colorado outraised their male counterparts by the widest margin.

The analysis looked at campaign contributions to lawmakers who currently serve in the Legislature and have operated at least one campaign from 2016-19. Lawmakers who haven’t yet run for reelection were excluded from the analysis. The analysis also omitted self-financed contributions.

“That sounds

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Ambarella Drops 3% In Pre-Market On Dim 3Q Sales Outlook

Shares of Ambarella are trading down 3.4% in Thursday’s pre-market session after the video and image processing chipmaker provided a lower-than-expected revenue outlook for 3Q. The company forecasts revenues between $52 million and $56 million, while analysts are projecting sales of $56.4 million.

Nonetheless, Ambarella (AMBA) reported better-than-expected 2Q results. The company’s revenues of $50.1 million marginally exceeded analysts’ expectations of $50 million. Its adjusted EPS of $0.06 also compared favorably with the Street consensus of a loss of $0.02 per share. Overall, both earnings and revenues plunged 72.7% and 11.2%, respectively, on a year-to-date basis.

“We are encouraged by the growing acceptance of our visual AI [Artificial Intelligence] products, despite the economic consequences of the pandemic and the continuation of the geopolitical risks,” Ambarella CEO Fermi Wang said. “We remain confident 10% of our total revenue will be earned from CV [computer vision] products in fiscal year

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Millrock Resources Appoints New Chief Financial Officer

VANCOUVER, British Columbia, Sept. 03, 2020 (GLOBE NEWSWIRE) — Millrock Resources Inc. (TSX-V: MRO, OTCQB: MLRKF) (“Millrock” or the “Company”) reports that it has engaged Dave Cross as the new Chief Financial Officer (“CFO”) of the Company.

Mr. Cross is a Chartered Professional Accountant (“CPA”), Certified General Accountant, and is a co-founder of Cross Davis & Company, a CPA firm that has focused on providing accounting and management services to publicly listed companies since 2010. In total, Mr. Cross has over 23 years of accounting experience, starting in 1997 with a Vancouver-based CPA firm. Mr. Cross has extensive knowledge and experience in the mining and mineral exploration sector. In terms of education, Mr. Cross holds a British Columbia Institute of Technology diploma in Financial Management. He presently serves as CFO for other TSX Venture Exchange companies including International Tower Hill Mines, New Range Gold, and Wealth Minerals.

Outgoing CFO Keith

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Immatics Announces Second Quarter 2020 Financial Results and Business Update

The MarketWatch News Department was not involved in the creation of this content.

Tuebingen, Germany and Houston, TX, Sep 03, 2020 (GLOBE NEWSWIRE via COMTEX) —
Tuebingen, Germany and Houston, TX, Sept. 03, 2020 (GLOBE NEWSWIRE) —

  • Completed merger with ARYA Life Science Acquisition Corp. and subsequent NASDAQ listing with proceeds from the transaction totaling $253 million (EUR226 million1) in July 2020.
  • At the closing of the transaction, cash and cash equivalents amounted to $322 million (EUR288 million1) enabling Immatics to fund operating expenses and capital expenditure requirements for at least 36 months.
  • Expanded ACTengine(R) clinical programs into Europe with first patient treated with genetically engineered T cell product candidate IMA202 in August 2020; regulatory approval by Paul-Ehrlich-Institute to begin phase I clinical trial with product candidate IMA203 in Germany and to open additional clinical trial sites in the EU.
  • Expanded leadership team with appointment of
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Copart Gains 4% in After-Hours On Quarterly Sales Win

Shares of Copart rose 4% in after-market trading on Wednesday after the online auction and vehicle services provider reported better-than-expected 4Q results.

Copart’s (CPRT) 4Q revenue of $525.7 million came ahead of the Street consensus of $420.1 million. It’s adjusted EPS jumped 15% to $0.69 year-over-year and surpassed analysts’ expectations of $0.39.

On Aug. 31, Barrington Research analyst Gary Prestopino reaffirmed his Hold rating on the stock citing stronger-than-expected improvement in vehicle miles driven. Prestopino noted that “Since late April, the market has seen a stronger improvement than originally anticipated with markets reopening and vehicle miles driven rebounding from the March-April time frame.” (See CPRT stock analysis on TipRanks).

Overall, the Street has a cautiously optimistic outlook on the stock. The Moderate Buy analyst consensus is based on 2 Buys and 4 Holds. The average price target of $93.33 implies a downside potential of about 11% to current

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Fewer customers and lower spending per customer affecting small business recovery

#SmallBusinessEveryDay campaign encouraging local shopping ramps up with weekly challenge as we head back to fall routines

TORONTO, Sept. 3, 2020 /CNW/ – Fewer customers and reduced spending per customer are holding back small business recovery, according to new survey results released today by the Canadian Federation of Independent Business. The weekly #SmallBusinessEveryDay recovery dashboard was also updated with new results:

  • 64 per cent of businesses are fully open (compared to 66 per cent two weeks ago)
  • 41 per cent are fully staffed (40 per cent two weeks ago)
  • 27 per cent are making normal sales (28 per cent two weeks ago)

“We’re hoping that as people get back to fall routines businesses will get a much-needed revenue boost. Consumers are critical to small businesses and their financial and emotional support means more now than ever,” said Laura Jones, Executive Vice-President at CFIB.  

The majority of businesses are

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Costco’s monthly sales jump 15% to $13.56 billion

Costco Wholesale Corp. Inc. shares were flat in after-hours trading Wednesday after the retailer reported yet another strong month of sales leading to its fiscal fourth-quarter results on Sept. 24.

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Costco (COST)  said August net sales rose 15% to $13.56 billion from the same quarter a year ago. Previously, it reported net sales in July rose 14.1% to $13 billion, compared with the same month a year earlier. The discounter said June sales rose 11% to $16.2 billion, and May net sales rose 7.5% to $12.6 billion.

For the 16-week fourth quarter ended Aug. 30, Costco has reported net sales of $52.3 billion, an increase of 12.7% compared to net sales of $46.4 billion during the similar period last year.

The numbers placed an emphatic stamp on the popularity and success of the company during the pandemic, and strongly suggest it will match if not exceed the $51.9

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