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Probe Metals Makes New Discovery Grading 8.0 g/t Au over 8.8 Metres on the Cadillac Break East Option Property, Val-d’Or East Project, Quebec

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Administrator
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July 22, 2020

Probe Metals Makes New Discovery Grading 8.0 g/t Au over 8.8 Metres on the Cadillac Break East Option Property, Val-d’Or East Project, Quebec

Highlights:

  • New Gold Trend identified with multiple drill intercepts on the eastern part of the Cadillac Break East Option Property

  • Significant drill intercepts grading up to 8.0 g/t Au over 8.8 metres, including 45.9 g/t Au over 1.0 metre, 2.7 g/t Au over 6.0 metres including 13.8 g/t Au over 1 metre and 9.2 g/t Au over 1.1 metres

  • New 3D IP survey in progress to outline new targets.

TORONTO, July 21, 2020 (GLOBE NEWSWIRE) — Probe Metals Inc. (TSX-V: PRB) (OTCQB: PROBF) (“Probe” or the “Company”) is pleased to announce additional results from its regional drill program on the Val-d’Or East Cadillac Break East Option property (the “Property”) located near Val-d’Or, Quebec. The property is currently under option from O3 Mining Inc (“O3 Mining”).  Results from an additional twenty-one (21) exploration drill holes and one drill hole extension identified a new gold trend in the eastern part of the Property (see figure 1). New discoveries were made along a 4.5-kilometre long portion of the trend, which has seen limited drilling in the past.  Selected highlights of the drill results are presented in the table below.

Dr. David Palmer, President and Chief Executive Officer of Probe, states: “One of the most important aspects of these results isn’t just that we have a new discovery, but rather that we have a discovery along a new trend that appears to be hosting multiple gold zones.  Although still early in the exploration, it is these kind of systems that we are looking for, ones with the potential to have more regional significance.  We are now expanding our exploration program to encompass more of this trend with follow-up geophysics and drilling.”

Hole CBE-40 was deepened to follow up on lower-grade gold assays returned from the bottom of the initial drill hole. In the deeper drilling, quartz-carbonates-tourmaline veins with visible gold returning 8.0 g/t Au over 8.8 metres, were intersected between 295 to 303.8 metres down the hole. The zone in Hole CBE-40 appears to be along the same trend that hosts earlier reported mineralisation grading 4.2 g/t Au over 4.2 metres from hole CBE-53 (June 16, 2020), approximately 3.8 kilometres to the east.  Four other holes (CBE-64,67,70 and 73) intersected encouraging gold results grading up to 2.7 g/t Au over 6.0 metres including 13.8 g/t Au over 1.0 metre along the trend and warrant follow-up drilling.  The new discoveries remain open in all directions.

Discoveries are associated with new geophysical targets delineated by high-power induced polarization (IP) surveys on the property. A new 3D high power IP survey to cover part of the trend between hole CBE-40 and 53 is currently in progress. Results from this survey will be used to delineate more potential gold targets along the new trend.

Selected drill results from the Cadillac Break East drilling program

Hole Number From (m) To (m) Length (m) Gold (g/t) Zone
CBE-40 295.0 303.8 8.8 8.0 New Zone
including 295.0 298.0 3.0 5.5 New Zone
including 300.0 301.0 1.0 45.9 New Zone
including 303.3 303.8 0.5 7.2 New Zone
CBE-64 306.00 307.00 1.0 3.8 New Zone
340.5 343.0 2.5 4.4 New Zone
including 340.5 341.6 1.1 9.2 New Zone
CBE-67 358.5 368.3 9.8 1.0 New Zone
373.3 374.3 1.0 4.2 New Zone
CBE-70 194.5 195.5 1.0 4.4 New Zone
CBE-73 194.0 200.0 6.0 2.7 New Zone
including 194.0 195.0 1.0 13.8 New Zone

(1) All the new analytical results reported in this release and in this table, are presented in core length and uncut. True width is estimated between 65 to 95 % of core length.

Figure 1: Surface Map – Eastern part of the Cadillac Break East property
https://www.probemetals.com/site/assets/files/1481/cbe-drill-results-pr-figures-july2020.pdf

About the Cadillac Break East Option Property:
On November 28, 2016, Probe entered into an option agreement with Alexandria Minerals Corporation, now O3 Mining, whereby Probe may earn 60% interest in the Cadillac Break East Property by spending an aggregate of $5,000,000 on exploration expenditures over 4 years. Probe may earn an additional 10% (total of 70%) interest in the Property by completing a pre-feasibility study, incurring an additional $2,000,000 in exploration expenditure, and issuing 200,000 common shares to O3 Mining on completion of the 70% earn-in requirement. To-date, Probe has completed exploration activities representing expenditures of over $4.3 million on the Property. Owing to the closure of non-essential business from March 24 to May 11 by the Quebec Government, the winter drill program was interrupted. O3 Mining and Probe agreed to extend the expenditure obligation under the option agreement to April 28, 2021. Following the identification of a new gold-mineralized zone, Probe will continue the drilling program on the new gold zone during the 2020-2021 winter season. Probe is the operator of exploration programs on the Property.

The Property is relatively underexplored, and it is generally recognized that the geological environment shows potential for both gold and base metals. The Property is underlain by mafic to felsic volcanic rocks and related sills of the Malartic Group, underlying the north half of the property, in contact with sedimentary rocks of the Pontiac Group, to the south. The contact between the two geologic terrains is the Cadillac Break Deformation Zone, a major geologic fault zone that controls the location of many gold deposits over a distance of 300 kilometers in Quebec and Ontario.

Located along the north edge of the property is the Sleepy gold deposit, which hosts a Current Resource of 1,855,300 tonnes @ 5.1 g/t gold, for a total of 307,350 inferred ounces of gold, uncapped (see Alexandria Minerals Press Release, October 22, 2014). The gold resources occur as disseminated gold-pyrite mineralization hosted in the Vicour Sill, a differentiated, 7 kilometre long gabbro-diorite sill. Beyond the Sleepy area, exploration work since the 1920’s has consisted of primarily early stage exploration programs consisting of geophysical surveys and limited drilling.

Qualified Person:
The technical content of this press release has been reviewed by Mr. Marco Gagnon, P.Geo, who is a “Qualified Person” within the meaning of NI 43-101, and Executive Vice-President and a director of Probe.

Quality Control
During the last drilling program, assay samples were taken from the NQ core by sawing the drill core in half, with one-half sent to a certified commercial laboratory and the other half retained for future reference. A strict QA/QC program was applied to all samples, which includes insertion of mineralized standards and blank samples for each batch of 20 samples. The gold analyses were completed by fire-assays with an atomic absorption finish on 50 grams of materials. Repeats were carried out by fire-assay followed by gravimetric testing on each sample containing 3.0 g/t gold or more. Total gold analyses (Metallic Sieve) were carried out on the samples which presented a great variation of their gold contents or the presence of visible gold.

About Probe Metals:
Probe Metals Inc. is a leading Canadian gold exploration company focused on the acquisition, exploration and development of highly prospective gold properties. The Company is committed to discovering and developing high-quality gold projects, including its key asset the Val-d’Or East Gold Project, Quebec. The Company is well-funded and controls a strategic land package of approximately 1,000-square-kilometres of exploration ground within some of the most prolific gold belts in Quebec. The Company was formed as a result of the sale of Probe Mines Limited to Goldcorp Inc. in March 2015. Newmont Corporation currently owns approximately 12% of the Company.

On behalf of Probe Metals Inc.,

Dr. David Palmer,
President & Chief Executive Officer

For further information:

Please visit our website at www.probemetals.com or contact:

Seema Sindwani
Director of Investor Relations
info@probemetals.com
+1.416.777.9467

Forward-Looking Statements

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This News Release includes certain “forward-looking statements” which are not comprised of historical facts. Forward-looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management’s expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, the Company’s objectives, goals or future plans, statements, exploration results, potential mineralization, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to failure to identify mineral resources, failure to convert estimated mineral resources to reserves, the inability to complete a feasibility study which recommends a production decision, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate First Nations and other indigenous peoples, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company’s public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

 

The oral care/oral hygiene market is projected to reach USD 53.3 billion by 2025

By
Administrator
-
July 22, 2020

The oral care/oral hygiene market is projected to reach USD 53.3 billion by 2025 from USD 45.8 billion in 2020, at a CAGR of 3.1%

Growing awareness of the importance of maintaining good oral hygiene, increasing number of dental clinics and hospitals with dental dispensaries are major drivers in the growth of the oral care/oral hygiene market in the forecast period.

New York, July 21, 2020 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Oral Care/ Hygiene Market by Product, Toothpaste, Breath Freshener, Rinse & Distribution Channel, Region – Global Forecast to 2025” – https://www.reportlinker.com/p04961844/?utm_source=GNW

The oral care/oral hygiene market is expected to grow at a CAGR of 3.1% in the forecast period.
The oral care/oral hygiene market is projected to reach USD 53.3 billion by 2025 from USD 45.8 billion in 2020, at a CAGR of 3.1%. Factors such as the rising prevalence of dental diseases, growing awareness about oral health, growing geriatric population associated with edentulism, and growing number of small/private dental clinics with dental dispensaries are expected to drive the growth of the oral care/oral hygiene market. However, high dependancy on retail/consumer stores serves as a major challenge for the industry.
• By Product, the toothpastes segment holds the highest market share during the forecast period.

Based on product, the oral care/oral hygiene market is segmented into toothpastes, toothbrushes & accessories, mouthwashes/rinses, denture products, dental accessories/ ancillaries, and dental prosthesis cleaning solutions.The toothpastes segment held the highest market share in 2019.

The high market share of this segment can be attributed to the high adoption of toothpastes for maintaining oral hygiene and prevention of dental caries.

Based on Distribution Channel, the online distribution segment is expected to register the highest CAGR during the forecast period.
Based on distribution channel, the oral care/oral hygiene market is segmented into consumer stores, retail pharmacies, online distribution, and dental dispensaries.The online distribution segment is projected to register the highest CAGR during the forecast period.

The significant growth in the e-commerce sector owing to the increasing number of internet users and advantages such as low costs, free deliveries, availability of multi-brand oral care products, and ease of purchasing and product comparison are key growth drivers for this segment.
• By Region, The Asia Pacific region holds the highest market share during the forecast period.

The Asia Pacific holds the highest market share during the forecast period (2020 to 2025). Rapidly developing healthcare industry in China & India, growth in aging population, rising incidence of dental diseases, growing awareness about oral hygiene, increasing investments by key market players, availability of low-cost labor, and the presence of a favorable regulatory environment are supporting the growth of the oral care/oral hygiene market in the Asia Pacific region.

Break of primary participants was as mentioned below:
• By Company Type – Tier 1–34%, Tier 2–38% and Tier 3–28%
• By Designation – C-level–26%, Director-level–35%, Others–39%
• By Region – North America–17%, Europe–39%, Asia Pacific–28%, Latin America- 8%, Middle East and Africa–8%

Key players in the oral care/oral hygiene market
The key players operating in the oral care/oral hygiene market include Colgate-Palmolive Company (US), The Procter & Gamble Company (US), GlaxoSmithKline PLC (UK), Unilever PLC (UK), Koninklijke Philips N.V. (Netherlands), Johnson & Johnson (US), GC Corporation (Japan), Ultradent Products Inc (US), 3M Company (US), Lion Corporation (Japan), Church & Dwight Co., Inc. (US), Sunstar Suisse S.A. (Switzerland), Perrigo Company plc (Ireland), Dabur India Ltd. (India), Orkla (Norway), Dentaid, Ltd (Spain), Henkel AG & Co. KGaA (Germany), LG Household and Health Care Ltd (South Korea), The Himalaya Drug Company (India) & Young Dental (US).

Research Coverage:
The report analyzes the oral care/oral hygiene market and aims at estimating the market size and future growth potential of this market based on various segments such as product, distribution channel, and region.The report also includes a product portfolio matrix of various oral care products available in the market.

The report also provides a competitive analysis of the key players in this market, along with their company profiles, product offerings, and key market strategies.

Reasons to Buy the Report
The report will enrich established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn would help them, garner a more significant share of the market. Firms purchasing the report could use one or any combination of the below-mentioned strategies to strengthen their position in the market.

This report provides insights into the following pointers:
• Market Penetration: Comprehensive information on product portfolios offered by the top players in the global oral care/oral hygiene market. The report analyzes this market by product and distribution channel.
• Product Enhancement/Innovation: Detailed insights on upcoming trends and product launches in the global oral care/oral hygiene market
• Market Development: Comprehensive information on the lucrative emerging markets by product and distribution channel
• Market Diversification: Exhaustive information about new products or product enhancements, growing geographies, recent developments, and investments in the global oral care/oral hygiene market
• Competitive Assessment: In-depth assessment of market shares, growth strategies, product offerings, competitive leadership mapping, and capabilities of leading players in the global oral care/oral hygiene market.

Lithium-Sulfur (Li-S) Battery Market To Reach USD 6,686.2 Million By 2028;Quince Market Insights

By
Administrator
-
July 22, 2020

Lithium-Sulfur (Li-S) Battery Market To Reach USD 6,686.2 Million By 2028;Quince Market Insights

Global Lithium-Sulfur (Li-S) Battery Market is anticipated to grow with a CAGR of 29.6% in terms of value from 2021 to 2028.The key players leading in the market are Oxis Energy, Poly Plus, and Sion Power

The Global Lithium-Sulfur (Li-S) Battery Market was valued at USD 696.1 Million in 2019 and is anticipated to reach USD 6,686.2 Million by 2028, with a CAGR of 29.6% during the forecast period. The first Li-S battery was invented in 1960 and was patented by Herbert and Ulam in 1962. They used Lithium or various Lithium alloys as an anodic material and Sulfur(S) as a cathodic medium. After the advancement of technologies and the invention of various organic solvents such as Propylene Carbonate (PC), Dimethyl Sulfoxide (DMSO) and Dimethylformamide (DMF) propelled the market dynamics of Lithium-Sulfur battery market. Ether was applied in Li-S battery in 1980 which was used as a solvent for the electrolytes.

Request For a Sample Copy Of This Research Report @ https://www.quincemarketinsights.com/request-sample-60223  

Li-S batteries are mainly used in aviation, automotive, electronic device, and power& energy sector due to the growing demand for green energy with high energy density as compared to other battery types. Lithium-Sulfur (Li-S) batteries provide lightweight to end-use applications due to low and moderate atomic weight of Lithium (Li) and Sulfur (S) and due to this reason, Li-S battery is widely used in the aerospace industry. Besides this, superior performance along with lower manufacturing costs, abundant supply of material, ease of processing and reduced environmental footprint propelled the growth of the Lithium-Sulfur (Li-S) battery market. Ultra-high capacity Lithium-Sulfur (Li-S) battery has better performance and less environmental impact to that of current Lithium-ion batteries.

High theoretical and practical energy density achieved by combining a lithium-metal anode with a sulfur cathode is the driving factor for Lithium-Sulfur battery technology. In the other side, the extremely low electrical conductivity of the Sulfur cathode requires an extra mass for the conductive agent to exploit the entire active mass contribution to the capacity. Large volume expansion of the Sulfur cathode from S to Li2S and the large quantity of electrolyte required also challenge to be addressed.

Global Lithium-Sulfur (Li-S) Battery Market, by Power Capacity

Based on power capacity, global Lithium-Sulfur (Li-S) battery market segmented into 0-500mAh, 501-1000 mAh, above 1000 mAh. Among these, 0-500mAh segment power capacity is anticipated to capture the largest market share in the global market in 2020 and is anticipated to remain largest till the forecast period. The growing adaptation of electric vehicles, hybrid cars and also the demand from the electronic industry further anticipated to boost the segments demand.

Enquiry Before Buying This Report @ https://www.quincemarketinsights.com/enquiry-before-buying/enquiry-before-buying-60223  

Global Lithium-Sulfur (Li-S) Battery Market, by End User

Based on End User, global Lithium-Sulfur (Li-S) battery market is segmented into aerospace, automotive, electronic device, power & energy, and others. Out of which, automotive segment is accounted for the largest share of more than 55.0% of the global market in 2020. It also anticipated that, increasing adaptation from the aerospace end user segment further attribute the market.

Global Lithium-Sulfur (Li-S) Battery Market, by Region:

Based on region, global Lithium-Sulfur (Li-S) battery segmented into North America, Western Europe, Asia-Pacific, Eastern Europe, Middle East, and Rest of World. North America and Asia Pacific region capture near about two third of the global Lithium-Sulfur (Li-S) battery in 2020. In North America, U.S. is the leading market which is mainly attributed to the growing automotive and aerospace end user segment. In Asia Pacific, the growing demand from electric vehicles mainly in China and Japan are the major factors that will anticipate to drive the Li-S battery market in the region.

Some major findings of the global Lithium-Sulfur (Li-S) battery report include:

  • Major global market trend & forecasts analysis along with the country specific market analysis up to 27 countries
  • In-depth global Lithium-Sulfur (Li-S) battery market analysis by power capacity, end users, and regions with analysis of trend-based insights and factors
  • Major key market players operating in Lithium-Sulfur (Li-S) battery market that include are Oxis Energy, Poly Plus, and Sion Power
  • Competitive benchmarking, product offering details, growth strategies adopted by the leading market players along with their major investments in last five years
  • Micro, Macro analysis factor analysis across the regions along with the drivers, restrains, opportunities, challenges, guidelines and regulations that are prevailing in the Lithium-Sulfur (Li-S) battery market
  • In depth Porter’s, value chain and Porters analysis of the market

Browse key industry insights spread across 111 pages with 57 market data tables and 28 figures & charts from the report, “Lithium-Sulfur (Li-S) Battery Market, By Power Capacity (0-500mAh, 501-1000 mAh, above 1000 mAh), By End User(Aerospace, Automotive, Electronic Device, Power & Energy, Others), , By Region (North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, Rest of the World) – Market Size & Forecasting (2017-2028)” in depth analysis along with the table of contents (ToC).

Buy Now Complete Report @ https://www.quincemarketinsights.com/insight/buy-now/lithium-sulfur-li-s-battery-market/single_user_license  

Browse Related Reports:

  • Global Lithium-Ion Battery Market, by Battery Type (Li-NMC, LTO, LCO, LFP, NCA, LMO), by Battery Component (Electrolytic Solution, Cathode, Anode and Others), by End-Use Industry (Automotive, Consumer Electronics, Industrial, Medical and Others), by Region (North America, Eastern Europe, Western Europe, Asia Pacific, Middle East, Rest of the World) – Market Size & Forecasting (2016-2028)

https://www.quincemarketinsights.com/industry-analysis/global-lithium-ion-battery-market/5007

  • Global UAV Battery Market, By UAV Type (MALE, HALE, Tactical, Small), By Battery Type (Fuel Cell, Lithium Ion, Lithium Polymer, Nickel Cadmium), By Region (North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, Rest of the World) – Market Size & Forecasting (2016-2025)

https://www.quincemarketinsights.com/industry-analysis/uav-battery-market/58487

  • Global Automotive Battery Market, by Battery Type (Lead Acid, Nickel Metal Hydride, Lithium-Ion and Others), by Battery Technology (SLI, AGM, Deep Cycle, Wet Cell and Others), by Vehicle Type (Passenger, Commercial, Electric and Others), by Region (North America, Eastern Europe, Western Europe, Asia Pacific, Middle East, Rest of the World) – Market Size & Forecasting (2016-2028)

https://www.quincemarketinsights.com/industry-analysis/global-automotive-battery-market/4149

  • Global Battery Components Market, By Component Type (Anode, Cathode, Electrolyte, and Others), By Battery Type (Primary and Secondary), and By Region (North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, and Rest of the World) – Market Size & Forecasting (2016-2028)

          https://www.quincemarketinsights.com/industry-analysis/global-battery-components-market/32419

About US

Quince Market Insights is a global market research and consulting company publishing syndicate studies as well as consulting assignments pertaining to markets that promise high growth opportunities in strategic future. We are dedicated team of analysts with strong base in technical expertise as well as thorough understanding of the market dynamics. Some of key areas expertise includes chemicals, advanced materials, construction, mining, food & agriculture, automotive, machines & equipment, and others. We analyze emerging trends in relatively nascent markets that promise high growth opportunities in future. We focus towards precision research practices that provide accurate market estimations and forecasts. This helps our clients to make proper estimations with regards to demand analysis, regional growth, major competitors, and dynamics of the market.

Locast now streaming local TV channels in Miami, Ft. Lauderdale and West Palm Beach, Florida

By
Administrator
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July 22, 2020

Locast now streaming local TV channels in Miami, Ft. Lauderdale and West Palm Beach, Florida

Nonprofit gives viewers their important local TV channels during hurricane season, COVID-19 updates, election coverage – for free – over internet

MIAMI, July 21, 2020 (GLOBE NEWSWIRE) — Locast, the nonprofit local broadcast TV streaming service, is now delivering dozens of local TV channels via the internet, for free, to those living in the Miami, Ft. Lauderdale and West Palm Beach TV markets in Florida. Locast provides a public service by giving access to important local news, hurricane and storm coverage, emergency information, election coverage, sports, and entertainment programming to internet-connected devices. Locast also offers English and Spanish-language channels, including a Spanish-language TV guide.

The announcement was made this week as residents in Miami-Dade, Broward and Palm Beach counties face rising coronavirus infection rates and as they prepare for summer storms. More than 6.8 million TV viewers living in the Miami-Ft. Lauderdale-West Palm Beach designated market areas (DMA) can now tune in their local TV news on their mobile devices to stay informed of local emergency alerts concerning further outbreaks or closures due to COVID-19. Local TV will also be popular for watching election coverage in Florida, an historical battleground state, as well as the start of professional football this fall.

“For the first time, Floridians located within the Miami and West Palm Beach DMAs will be able to watch their local TV stations on their phones, tablets, laptops or streaming media devices,” said Locast Founder and Chairman David Goodfriend. “Local TV news is critical for broadcasting alerts about hurricanes, elections and coronavirus-related restrictions, making Locast an important lifeline for South Florida residents and for those who can’t get local TV channels from an off-air antenna or cannot afford a pay-TV subscription.”

Goodfriend continued, “Especially when dealing with health, safety, or participation in our democracy through voting, Locast performs a critical public service by increasing access to local broadcasting. South Floridians can stay on top of local emergency information, coverage of the upcoming political conventions, and more – on the go, over the Internet – through Locast.  We have used our best efforts to make local broadcast more accessible to you.”

With Locast, viewers using internet-connected devices can watch, for free, their locally produced broadcast TV in high definition via the Locast app or at www.locast.org. Locast also offers multi-language support by giving Spanish-language access to the Locast app’s user-interface, log-in screens, and program guide.

Locast delivers more than 40 local TV channels in the Miami-Ft. Lauderdale DMA, including ABC 10, NBC 6, CBS 4, FOX 7, PBS, PBS Kids, Estrella TV, MOVIES!, The CW, CourtTV, Univision, Telemundo and more.  Counties served by the Miami/Ft. Lauderdale DMA include Broward, Miami-Dade and Monroe, including the Florida Keys.

West Palm Beach viewers will have access to 28 channels including ABC 25, NBC 5, CBS 12, FOX 29, PBS, and PBS Kids, Azteca America, Mystery, ION, Grit, Justice Network and more. Counties served within the West Palm Beach/Ft. Pierce DMA include Martin, St. Lucie, Okeechobee, Palm Beach North and South, and Indian River.

Complete local TV guides are available at www.locast.org.

Locast now delivers local TV channels via the internet into 21 U.S. TV markets containing more than 134 million viewers or 41% of the U.S. population. Locast has more than 1.4 million users.

Locast operates under the Copyright Act of 1976 that allows nonprofit translator services to rebroadcast local stations without receiving a copyright license from the broadcaster. The federal statute (17 U.S.C. 111(a)(5)) states that a nonprofit organization may retransmit a local broadcast signal and collect a fee to cover the cost of operations. Locast asks viewers to donate as little as $5 per month to help cover operating costs. The donation is voluntary and not required.

Locast is available for streaming at www.locast.org, app stores, on DISH Hopper/Wally receivers, select DIRECTV receivers, TiVo, and at streaming service providers Google Play, Apple TV, Android TV, Amazon, and ROKU.

For more information, visit www.locast.org. Follow Locast on Facebook and Twitter @LocastOrg.

About Locast
Locast.org was founded by Sports Fans Coalition NY (SFCNY), a New York-based nonprofit, fan-advocacy group formed in 2017. Locast launched in 2018 and is available in 21 DMAs. SFCNY is the first local chapter of Sports Fans Coalition, Inc., which led the successful campaign to end the FCC’s Sports Blackout Rule and continues to advocate for fans. As a nonprofit, Locast is supported by user donations and is available at www.locast.org.

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UV Coating Market Projected To Be Worth USD 6,890.6 Million By 2028

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Administrator
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July 22, 2020

UV Coating Market Projected To Be Worth USD 6,890.6 Million By 2028

Global UV Coating Market Projected to be worth USD 6,890.6 million by 2028, as Applications in Telecom and Renewable Energy Sector Offer Opportunities. Key Players BASF SE, Akzo Nobel N.V., Arkema Group, PPG Industries Inc., Axalta Coating System LLC., The Valspar Corporation, The Sherwin-Williams Company, Croda International Plc., Watson Coatings,

Pune, India, July 21, 2020 (GLOBE NEWSWIRE) — Global UV Coating Market is likely to touch a valuation of USD 6,890.6 million by the end of 2028 from USD 4,037.8 million in 2020. The market will register at a healthy CAGR of 6.9% throughout the forecast period, anticipates the report. Increasing application of UV coatings technology in the photovoltaic film is projected to fuel the market growth of UV coatings. Also, the growth of the renewable energy and telecommunications sector is also expected to offer significant growth opportunities for the UV coatings market over the forecast timeframe. Hence, the rising application of UV coatings across various applications is expected to propel the market growth. The research analyst at QMI have recently published a new report, which studies the market size, along with analyzing various trends and opportunities of the global UV Coating market.

Request For a Sample Copy Of This Research Report @ https://www.quincemarketinsights.com/request-sample-60542  

Growing electronics industry and increasing environmental awareness is predicted to drive the global UV coatings market over the forecast period. Electronic components require corrosion resistant coating to function in harsh conditions. Another advantage offered by UV coatings is the low operational cost, which is expected to positively impact the overall market growth. High demand for coating in industrial applications is anticipated to surge the growth of the global UV coatings market.

Wider and greener UV coatings applications with newer low capacity markets offer promising opportunities to the vendors over the forecast period. Intensified efforts promoting environmental friendly products have resulted in increased innovations and are expected to open ample opportunities for market development. R&D and innovations such as bio-based U.V. coatings is expected to open new avenues for the global UV coatings market applications.

Resistance to Heat and Abrasion to Propel the Adoption of Water-based Coatings

Based on base type, UV Coatings market segmented into water-based and solvent based coating. Among this water-based coating segment is expected to account for 60.9%, the largest share of the global UV Coatings in 2020. This market is estimated to grow at a CAGR of 7.2% during the forecast period. The rising trend of using waterborne coatings over solvent-based coatings in various industries is the primary reason associated with the dominance and growth of this market segment.

Superior Quality of UV Coating to Spike the Demand for Industrial Coatings

Based on end use, UV Coatings market segmented into wood & furniture, electronics, automotive, paper & packing, industrial coatings, and buildings & construction. Industrial Coatings is expected to account for the largest share of 24.3% in the global UV coatings in 2020. This market is estimated grow at a CAGR of 6.4% during the forecast.

However, wood & furniture is expected to grow at the fastest CAGR of 7.6% during the forecast period.

Enquiry Before Buying This Report @ https://www.quincemarketinsights.com/enquiry-before-buying/enquiry-before-buying-60542  

Burgeoning Industrial and Automotive Sector in Asia Pacific to Drive Market Growth

Asia Pacific is the largest UV Coating regional segment accounting for over 35% of the global market. This market is poised to grow at a CAGR of 9.0% during the forecast period. This regional segment is projected to account for a significant market share during the forecast period on account of the ascending demand for protective coatings from end users, such as automotive, industrial, wood and furniture, paper and packing and others. Asia Pacific is also projected to be the fastest growing UV Coating market Factors such as the presence of numerous end users, close proximity to raw material suppliers, and rapid industrialization and urbanization, especially in India and China are anticipated to boost the regional product demand.

Competitive Market Scenario of Key Companies Operating in the Global UV Coating Market

  1. In January 2020, Axalta Coating Systems announced partnership with JC Licht, a premier paint retailer with nearly 40 locations in Chicago and surrounding suburbs.
  2. In November 2019, BASF introduced innovative leveling agents Efka FL 3750 and Efka FL 3755 for solvent-borne and solvent-free coatings. These agents are an ideal choice for use in automotive OEM and refinish coatings, wood coatings and industrial coatings. Their application area can also be extended to UV curing formulations and powder coatings, as well as ambient curing and baking curing systems.
  3. In July 2019, Arkema acquired a company specializing in photoinitiators for curing, Lambson, to fulfill the demands of markets such as high performance coatings, 3D printing, electronics, digital ink, and composites.

BASF SE, Akzo Nobel N.V., Arkema Group, PPG Industries Inc., Axalta Coating System LLC., The Valspar Corporation, The Sherwin-Williams Company, Croda International Plc., Watson Coatings, Inc., Allnex Belgium SA/NV, Sokan New Materials, and Dymax Corporation are the major eight players that are operating in the global UV Coating market.

Buy Now Complete Report @ https://www.quincemarketinsights.com/insight/buy-now/uv-coatings-market/single_user_license  

The market study report is issued by the name of, “UV Coating Market, By Base Type (Solvent-Based and Water-Based), By Composition (Photo-Initiator, Monomer Oligomer, Epoxy Resins, Additives), By End Use (Wood And Furniture, Industrial Coatings, Automotive, Electronics, Buildings And Construction, Paper & Packing), By Region (Western Europe, North America, Eastern Europe, Middle East, Asia Pacific, Rest of the World) – Market Estimate & Forecasting (2016-2028).”

Browse Related Reports

Global Polyurea Coatings Market, by Raw Material (Aliphatic Based, Aromatic Based), by Type (Pure, Hybrid), by Technology (Spraying, Pouring, Hand Mixing) by End-Use Industry (Building & Construction, Transportation, Industrial and Others), by Region (North America, Eastern Europe, Western Europe, Asia Pacific, Middle East, Rest of the World) – Market Size & Forecasting (2016-2028)

https://www.quincemarketinsights.com/industry-analysis/global-polyurea-coatings-market/2024

Global OEM Coatings Market, by Application (Powder Coating, Solvent-Borne Coating, Water-Borne Coating, Radiation Curable Coating and Others), by End-Use Industry (Transportation, Heavy Machinery and Equipment, Consumer Products and Others), by Region (North America, Eastern Europe, Western Europe, Asia Pacific, Middle East, Rest of the World)- Market Size & Forecasting (2016-2028)

https://www.quincemarketinsights.com/industry-analysis/global-oem-coatings-market/1968

Global Anti-Corrosion Coatings Market, By Coating Type (Epoxy, Polyurethane, Acrylic, Alkyd, Zinc, Chlorinated Rubber), By Coating Technology (Solvent-Borne, Water-Borne, Powder-Based), By End-Use Industry (Marine, Oil & Gas, Industrial, Construction & Infrastructure, Energy & Power, Automotive & Transportation), By Region (North America, Eastern Europe, Western Europe, Asia Pacific, Middle East, Rest of the World) – Market Size & Forecasting (2016-2028)

https://www.quincemarketinsights.com/industry-analysis/global-anti-corrosion-coatings-market/15885

Global Industrial Coatings Market, by Resin Type (Alkyd, Acrylic, Polyurethane, Epoxy, Polyester), by Technology (Water-Based Coatings, Solvent-Based Coatings, Radiation Cured Coatings, Powder Coatings) by End-Use Industry (Automotive, Aerospace & Defence, Industrial & Machinery and Others), by Region (North America, Eastern Europe, Western Europe, Asia Pacific, Middle East, Rest of the World) – Market Size & Forecasting (2016-2028)

https://www.quincemarketinsights.com/industry-analysis/global-industrial-coatings-market/2105

About US

Quince Market Insights is a global market research and consulting company publishing syndicate studies as well as consulting assignments pertaining to markets that promise high growth opportunities in strategic future. We are dedicated team of analysts with strong base in technical expertise as well as thorough understanding of the market dynamics. Some of key areas expertise includes chemicals, advanced materials, construction, mining, food & agriculture, automotive, machines & equipment, and others. We analyze emerging trends in relatively nascent markets that promise high growth opportunities in future. We focus towards precision research practices that provide accurate market estimations and forecasts. This helps our clients to make proper estimations with regards to demand analysis, regional growth, major competitors, and dynamics of the market.

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Essential Oils Market to reach US $15 billion by 2025 – Global Insights on Trends, Value Chain Analysis, Growth Drivers, Strategic Initiatives, and Future Prospect: Adroit Market Research

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Administrator
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July 22, 2020

Essential Oils Market to reach US $15 billion by 2025 – Global Insights on Trends, Value Chain Analysis, Growth Drivers, Strategic Initiatives, and Future Prospect: Adroit Market Research

Rising demand for natural ingredients along with the growing adoption across developing countries will proliferate the global Essential Oils industry

Dallas, Texas, July 21, 2020 (GLOBE NEWSWIRE) — The “Essential Oils Market by Product Type (Lemon Oil, Orange Oil, Peppermint Oil, Lime Oil, Citronella Oil, Cornmint Oil, Spearmint Oil, Cloveleaf Oil, Geranium Oil, Jasmine Oil, Eucalyptus Oil, Rosemary Oil, Lavender Oil, Tea Tree Oil, and Others), Method of Extraction (Distillation, Cold Press Extraction, Carbon Dioxide Extraction, Solvent Extraction, and Others), End Use (Food & Beverages, Aromatherapy, Cosmetics & Toiletries, Healthcare, Homecare, and Others) and by Region, Global Forecasts 2018 to 2025” study provides an elaborative view of historic, present and forecasted market estimates.

Request a pdf sample at https://www.adroitmarketresearch.com/contacts/request-sample/1584

The global Essential Oils market size is anticipated to reach over USD 15 billion by 2025. Essential oils are hydrophobic solutions, which contain volatile aroma compounds. These oils are extracted from plants, herbs, flowers that are amalgamated with the carrier oil to obtain the end product. The oil is used across multiple industries including food & beverages, healthcare, cosmetics and other consumer goods industry. The ongoing surge in demand for these products from developing as well as developed countries is escalating the industry growth.

Shifting focus toward healthcare and hygiene, along with improving living standard and disposable income is positively impacting the business landscape. Surge in number of depression and anxiety disorder cases which are healed through aromatherapy is further boosting the product demand. In addition, ongoing innovation activities to improve the extraction process and develop a high capability end product is expected to provide impetus to the industry outlook.

Browse the full report with Table of Contents and Lit of Figures at https://www.adroitmarketresearch.com/industry-reports/essential-oils-market

The report also throws light on various aspects of the global Essential Oils industry by assessing the market using value chain analysis. The report covers several qualitative aspects of the Essential Oils industry in market drivers, market restraints and key industry trends. Furthermore, the report provides an in-depth assessment of the market competition with company profiles of global as well as local vendors.

The global Essential Oils market holds a strong competition among the well-established and new emerging players. These market players target to gain a competitive advantage over the other players by participating in partnerships, mergers, and acquisitions and expanding their businesses.

Are you looking for a DISCOUNT? If yes, then get in touch with us at https://www.adroitmarketresearch.com/contacts/discount/1584

Essential Oils market, the market is categorized into food & beverages, aromatherapy, cosmetics & toiletries, healthcare, homecare, and others on the basis of end use. The healthcare segment is analyzed to grow at a CAGR of over 8% over the forecast timeframe. The growth of this segment is primarily contributed to rising focus on health and hygiene awareness is poised to catapult the segment growth.

Asia Pacific is analyzed to witness highest growth rate over the forecast timeline owing to the rising adoption of the product. Positive economic outlook along with increasing middle class income across the emerging economies including China and India is proliferating the industry growth. Rising inclination toward aromatic consumer goods coupled with rising demand for packaged food and home care is expected to supplement the business outlook in the coming years.

The leading players operating across the global Essential Oils market include Biolandes SAS, Essential Oils of New Zealand, Falcon Essential Oils, doTerra, Farotti Srl, India Essential Oils, and H. Reynaud & Fils, including others. The industry for Essential Oils constitutes established global players along with growing rising presence of emerging companies. In addition, the companies are focusing toward expanding their market penetration through adoption of inorganic growth strategies.

Direct purchase the report at https://www.adroitmarketresearch.com/researchreport/purchase/1584

Major points from Table of Contents:
Chapter 1    Introduction
Chapter 1    Introduction
Chapter 3    Executive Summary
Chapter 4    Market Outlook
Chapter 5    Essential Oils Market by Product Type
Chapter 6    Essential Oils Market by Method of Extraction
Chapter 7    Essential Oils Market by End Use
Chapter 8    Essential Oils Market By Region
Chapter 9    Competitive Landscape
Chapter 10    Company Profiles
Chapter 11    Appendix

Access research repository of Upcoming Reports @ https://adroitmarketresearch.com/upcoming.html  

About Us:
Adroit Market Research is a global business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.

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Zoom Expands India Presence into Bangalore

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Administrator
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July 22, 2020

Technology Center in Bangalore Advances Zoom’s Commitment to Invest in India

SAN JOSE, Calif., July 20, 2020 (GLOBE NEWSWIRE) — Zoom Video Communications, Inc. (NASDAQ: ZM) today announced that it will expand its presence in India by opening a new technology center in Bangalore, where it will hire key talent over the next few years. This commitment represents a growing strategic investment in the country, where Zoom already has one office in Mumbai (which is expected to triple in size) and two data centers in Mumbai and Hyderabad. This growing presence is in direct response to Zoom’s increased level of adoption by users across India. From January to April 2020, Zoom has seen 6700% growth in free user sign ups in India.

This expansion into Bangalore will supplement Zoom’s existing R&D centers and support Zoom’s engineering leadership, which is based at its San Jose, California headquarters. Zoom selected Bangalore for its exceptional engineering and IT talent. The company will immediately begin recruiting DevOps engineers, IT, Security, and Business Operations headcount in the area. Employees will work from home until the pandemic-related remote work has subsided.

“India is a strategically important country for Zoom and we expect to see continued growth and investment here. We are proud to provide our services for free to over 2,300 educational institutions in India during the COVID-19 pandemic and look forward to continuing to work with the people and government of India hand-in-hand,” said Eric S. Yuan, CEO of Zoom. “We plan to hire key employees for the technology center over the next few years, pulling from India’s highly-educated engineering talent pool. This facility will play a critical role in Zoom’s continued growth.”

“Zoom is focused on providing the best unified communications experience in the world and we are thrilled to open a technology center in Bangalore, which will be an innovation hub for our communications platform,” said Velchamy Sankarlingam, President of Product and Engineering for Zoom. “The talent in India is truly exceptional and we are looking forward to expanding our DevOps, IT, Security, and Business Operations teams here as we scale our operations.”

The launch of a technology center in Bangalore represents Zoom’s strategy of developing its cutting-edge communications technology in multiple locations globally. The center will play a vital role as a source of innovation for Zoom, leveraging some of India’s most talented professionals. Zoom commits to these efforts in India with the goal of providing better service to individuals and organizations around the globe, empowering them to accomplish more with video-first unified communications. The launch will also open opportunities for local talent to do meaningful work and contribute to an organization whose core value is to care for our communities, customers, company, teammates, and selves.

To explore open roles at Zoom, visit our careers page.

About Zoom
Zoom Video Communications, Inc. (NASDAQ: ZM) brings teams together to get more done in a frictionless and secure video environment. Our easy, reliable, and innovative video-first unified communications platform provides video meetings, voice, webinars, and chat across desktops, phones, mobile devices, and conference room systems. Zoom helps enterprises create elevated experiences with leading business app integrations and developer tools to create customized workflows. Founded in 2011, Zoom is headquartered in San Jose, California, with offices around the world. Visit zoom.com and follow @zoom_us.

Forward-Looking Statements
This press release contains express and implied “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 that involves substantial risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed or implied by such statements. Forward-looking statements in this communication include, among other things, statements about potential growth opportunities and anticipated objectives from further investment in India.  In some cases, you can identify forward-looking statements by terms such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “project,” “will,” “would,” “should,” “could,” “can,” “predict,” “potential,” “target,” “explore,” “continue,” or the negative of these terms, and similar expressions intended to identify forward-looking statements. However, not all forward-looking statements contain these identifying words. By their nature, these statements are subject to numerous uncertainties and risks, including factors beyond our control, that could cause actual results, performance or achievement to differ materially and adversely from those anticipated or implied in the statements. Additional risks and uncertainties that could cause actual outcomes and results to differ materially from those contemplated by the forward-looking statements are included under the caption “Risk Factors” and elsewhere in our most recent filings with the Securities and Exchange Commission (the “SEC”), including our quarterly report on Form 10-Q for the quarter ended April 30, 2020. Forward-looking statements speak only as of the date the statements are made and are based on information available to Zoom at the time those statements are made and/or management’s good faith belief as of that time with respect to future events.  Zoom assumes no obligation to update forward-looking statements to reflect events or circumstances after the date they were made, except as required by law.

Zoom Press Relations
Colleen Rodriguez
Global Media Relations Lead
press@zoom.us

Zoom Investor Relations
Tom McCallum
Head of Investor Relations
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investors@zoom.us

 

“There is No Cash Flow in Raw Land”

By
Administrator
-
July 22, 2020

Family with Longtime Landholding 1031 Exchanges $2.5 Million of Equity into Potentially Income Producing DSTs

LOS ANGELES, July 20, 2020 (GLOBE NEWSWIRE) —

Kay Properties investors, a family who inherited land on the outskirts of a city, tried for years to sell the land all the while learning about 1031 DST offerings as a possible option for their investment. When the property finally sold, the family wanted to lower their risk potential and so they invested the entire $2.5 million into all-cash, debt-free DST properties.

Betty Friant, Senior Vice President of Kay Properties and Investments (www.kpi1031.com), explained, “The family had tried renting out a few of the small houses on the land in the past with very mixed results. They were tired of the active management of the tenants, toilets and trash and so they let the homes remain vacant instead of dealing with the hassles of management. The family ultimately invested in nine different DST properties for sale that represented multiple asset classes including medical, industrial, retail, net-lease pharmacy, self-storage and even a debt-free multifamily DST in various regions of the country with various DST sponsor companies and DST asset managers.”

Friant continued, “The clients were able to move from a negative cash flow scenario of paying the annual taxes and upkeep on land and the rundown buildings to a lifestyle change with potential monthly income and no active management while avoiding the significant tax consequences that would have happened if they hadn’t done a 1031 exchange. The Delaware Statutory Trusts were a great fit for this particular family to potentially accomplish their goals and objectives.”

About Kay Properties and www.kpi1031.com

Kay Properties and Investments is a national Delaware Statutory Trust (DST) investment firm. The www.kpi1031.com platform provides access to the marketplace of DSTs from over 25 different sponsor companies, custom DSTs only available to Kay clients, independent advice on DST sponsor companies, full due diligence and vetting on each DST (typically 20-40 DSTs) and an active DST secondary market. Kay Properties team members collectively have over 115 years of real estate experience, are licensed in all 50 states, and have participated in over $15 billion of DST 1031 investments.

This material does not constitute an offer to sell nor a solicitation of an offer to buy any security. Such offers can be made only by the confidential Private Placement Memorandum (the “Memorandum”). Please read the entire Memorandum paying special attention to the risk section prior to investing. IRC Section 1031, IRC Section 1033 and IRC Section 721 are complex tax codes therefore you should consult your tax or legal professional for details regarding your situation. There are material risks associated with investing in real estate securities including illiquidity, vacancies, general market conditions and competition, lack of operating history, interest rate risks, general risks of owning/operating commercial and multifamily properties, financing risks, potential adverse tax consequences, general economic risks, development risks and long hold periods. There is a risk of loss of the entire investment principal. Past performance is not a guarantee of future results. Potential cash flow, potential returns and potential appreciation are not guaranteed.

Securities offered through WealthForge Securities, LLC. Member FINRA / SIPC. Kay Properties and Investments, LLC and WealthForge Securities, LLC are separate entities.

Media contact for more information:
Cary Brazeman
310-205-3590
cary@crelix.com

Two factors may be driving the stock market’s double-digit gains this week

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Administrator
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March 27, 2020
market corona virus gain

These two factors may be driving the stock market’s double-digit gains this week, says JP Morgan strategist

Rebalancing activities could drive $800 to $900 billion of net inflows into U.S. stocks in the coming weeks and months

Investors have thanked the imminent passage of a $2 trillion fiscal stimulus bill for driving the U.S. stock-market’s double-digit percentage gains this week, but one strategist at JP Morgan says the rally’s underpinnings are less driven by economic and political fundamentals than market pundits would allow.

“The initial stage of the rally is driven by short-covering and rebalancing,” said Nikolaos Panigirtzoglou, a global market strategist at JP Morgan JPM, +6.96% , in an interview.

The analyst said the stock-market’s recovery from the damage done by the coronavirus pandemic will be first driven by market participants who have to buy equities regardless of what they envision for the U.S. economy’s path.

Pension funds and so-called balanced mutual funds need to start re-jigging their portfolios in favor of stocks as the selloff in equities and rally in government bonds has driven down the value of their equity relative to their bond positions. Commodity trading advisors and long-short equity hedge funds have also had to cover their short bets on stocks.

“The investment community and several types of investors have got to very low level of equity positioning in recent weeks,” said Panigirtzoglou.

Pension funds like Japan’s Government Pension Investment Fund, the largest in the world, have more discretion when they rebalance their assets and can wait as long as six months, but could move earlier. Balanced mutual funds like so-called 60/40 funds, which divvy up 60% of their assets to stocks and 40% of their funds to bonds, tend to rebalance every month or two.

This rebalancing dynamic as investors sell their inflated bondholdings and shift the funds into equities could drive as much as $800 to $900 billion of inflows in the coming weeks and months, he said.

“It looks like some of this is happening as we speak,” said Panigirtzoglou.

The S&P 500 SPX, +6.24% is up 12% and the Dow Jones Industrial Average DJIA, +6.37% is set to gain 15.6% week-to-date, FactSet data show. Still, both equity benchmarks still down more than 20% this year.

The abysmal overall return in equities this year has helped to push down yields for government paper as investors took shelter in haven assets. The 10-year Treasury note rate TMUBMUSD10Y, 0.794% stood at around 0.80% on Thursday, around a 110 basis points lower than at the start of 2020.

Long-short equity hedge funds and risk-sensitive investors such as commodity trading advisors have also been buying stocks to cover their short positions.

Some needed to snap up equities as many had leveraged up their short bets to take advantage of the incessant selling in equities over the past few weeks. By Panigirtzoglou’s estimation, short positions betting on a decline in equities stood at around $450 billion, representing additional ammunition for stock-market gains.

When on March 17 the Cboe Volatility Index VIX, -4.61% , or VIX, topped its previous high seen in 2008, many of so-called risk-parity funds were forced to start liquidating their positions as they are designed to curtail the size of their investments when volatility surges.

Beyond these technical drivers of market activity, longer-term investors are likely to pay more attention to a third widely cited factor that could unlock the second leg of a more sustained rally in equities.

If money managers see some stabilization in the infection rate of the coronavirus pandemic and the prospect of a global economic recovery, Panigirtzoglou estimated investors could plough $3.3 trillion of funds into equities by the end of 2020, including the $800 to $900 billion of rebalancing inflows.

U.S. stocks rose for a third straight day on Thursday, after posting back-to-back daily gains Wednesday for the first time since February 12. The Dow Jones Industrial Average DJIA, +6.37% was up 817 points, or 3.9%, Thursday afternoon.

Stocks sink again as coronavirus sell-off reaches a new low

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Administrator
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March 18, 2020
stock sink pandemic

Stocks tumbled again Wednesday, closing at a new coronavirus crisis low as investors worried about the economic damage from the pandemic.

The Dow dropped 1,338 points, or 6.3%, to close below 20,000 for the first time since February 2017. It was down more than 2,300 points earlier. The S&P 500 was down 5.2% and closed nearly 30% below a record set last month. The broad index also dipped below 2,351, its closing low during the Christmas 2018 sell-off. The Nasdaq slid 4.7%.

Virtually no market was safe from the selling wave, with U.S. crude prices having their third-worst decline on record.

Stocks came off their lows in the final minutes of trading after the Senate obtained the votes to pass a coronavirus relief plan to expand paid leave.

Echoing concerns of the about the economic impact of the virus, billionaire investor Bill Ackman said the best remedy for the market downturn and the outbreak in the U.S. is for President Donald Trump to shut down the country.

“We need to shut it down now. . . . This is the only answer,” Ackman, the founder of Pershing Square Capital Management, told CNBC’s “Halftime Report” on Wednesday. “America will end as we know it. I’m sorry to say so, unless we take this option.”

“Hell is coming,” Ackman said. “Capitalism does not work in an 18-month shutdown. Capitalism can work in a 30-day shutdown.”

Trading was briefly suspended after a circuit breaker was tripped up. A circuit breaker halts trading across the U.S. stock exchanges for 15 minutes and is meant to ensure orderly market behavior. Wednesday market the fourth time in a week that a circuit breaker was triggered.

Details of a potential fiscal stimulus package were not enough to curb the selling pressures in the market.

Dow Jones reported on Wednesday the Treasury Department is proposing two rounds of direct payments to citizens, which total $250 billion. Those payments, according to the report, would begin April 6. Treasury is also asking permission to backstop money markets, according to the report. A source familiar with the matter told CNBC on Tuesday the administration is seeking a stimulus package worth between $850 billion and more than $1 trillion.

The number of confirmed U.S. coronavirus cases has jumped to more than 6,400, according to data from Johns Hopkins University, while the death count has broken above 100.

Wall Street has been on an unprecedented roller-coaster ride amid the coronavirus turmoil, with the S&P 500 swinging 4% or more in either direction for a record eight consecutive sessions. This tops the previous record of six days from November 1929, according to LPL Financial.

“Volatility is not over yet,” said Tom Essaye, founder of The Sevens Report, in a note. He pointed out the administration’s stimulus packages need congressional approval. “We also need to see more progress on the pharma side of things, and above all else we need the growth rate of the virus to peak in the coming weeks.”

A violent reversal in Treasury yields in response to a potential $1 trillion stimulus package helped to unnerve investors.

The 10-year Treasury yield jumped to 1.21% Wednesday after trading around 0.77% midday Tuesday before details of the potential stimulus emerged. It began the week at around 0.65%. It wasn’t the outright rate level that caused uneasiness among traders, but the rapid nature of the move overnight.

“When you decimate the restaurant industry, the travel industry, the hotel industry, the airline industry .. the cruise line industry, obviously you’re going to take a huge divot out of economic activity,” DoubleLine Capital CEO Jeffrey Gundlach said on a webcast Tuesday after the bell. Gundlach put the odds of a recession at 90% and said it was “ludicrous” to think otherwise. He added he believes the stimulus will end up being even bigger than $1 trillion.

Gundlach also commented on the reversal higher in Treasury yields, noting it could put the U.S. in the uncomfortable position of having both a weak economy and rising rates, as new debt issuance to pay for the stimulus floods the bond market.

But despite the relentless selling pressures in the market, legendary investor Bill Miller thinks this is an “exceptional buying opportunity.”

“There have been four great buying opportunities in my adult lifetime,” Miller told CNBC’s Kelly Evans on “The Exchange.” “The first was in 1973 and ’74, the second was in 1982, the third was in 1987 and the fourth was in 2008 and 2009. And this is the fifth one.”

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