ACN Newswire
Read More

Let’s Roll! Dallas Startup is Revolutionizing the Music Industry

indie
4 minutes

DALLAS, TX, Oct 12, 2022 - (ACN Newswire via SEAPRWire.com) - Rock 'n roll may be dead, but the music business is still projected to grow to $142 billion by 2030 globally, according to Goldman Sachs. Despite this growth the average musician is consistently being squeezed by the big players and not earning their fair share of the value of the art they have created. Community Musician -- originally a "Craig's List" for musicians -- has developed a plan and formed a team to disrupt this unbalanced monopolistic system, all while ensuring that the musicians they work with are properly compensated for their talents.Scott Arey, the CEO of Community Musician who is also the front man and songwriter for his latest band The Lost Cavaliers of Mercy, understands the struggles of the average musician in the cutthroat industry. As a young musician, Arey signed with Warner Music and began touring as a warm-up act for the Indigo Girls, but he quickly discovered he couldn't make enough money to pay his bills. "I would max out my credit cards just trying to pay the expenses of putting together a few cities' tour, never mind trying to pay the band," Arey reminisces. Partly due to the economic hardshi...

ACN Newswire

G Mining Ventures Delivers Robust New Feasibility Study at Permitted Tocantinzinho Gold Project

indie
26 minutes

All amounts are in USD unless stated otherwiseFeasibility Study reflects optimized development plan and current cost environmentAfter-tax NPV 5% of $622 million and after-tax IRR of 24% at $1,600/oz gold price10.5-year mine life with average annual gold production of 174,700 ounces at AISC of $681/ozYears 1-5: Average annual gold production of 196,200 at AISC of $666/ozA 12% increase in mineral reserves to 2.0 million gold ouncesA 7% increase in initial capital to $458 million and 44% decrease in sustaining capital to $83 million, resulting in an overall 4% decrease in LOM capital costs to $564 millionLaunch of project financing process targeting 60% to 70% from non-equity sources, with target start of construction in mid-2022Well-funded with $58 million of cash and $27 million of in the money warrants maturing in Q2-22 iBROSSARD, QC, Feb 10, 2022 - (ACN Newswire via SEAPRWire.com) - G Mining Ventures Corp. (" GMIN " or the " Corporation ") is pleased to announce the results of its 2022 Feasibility Study (the " FS " or the " Study ") for the development of its wholly-owned and permitted Tocantinzinho Gold Project, located in Para State, Brazil (" TZ " or the " Project "). The Study...

SeaPRwire

Wall St turns red as Omicron reaches the US

elean
4 minutes

NEW YORK (REUTERS) - Wall Street's major averages fell more than 1 per cent on Wednesday (Dec 1) after a morning rally faded as investor angst about the latest coronavirus variant soared with the first case confirmation in the United States while the market also digested the US Federal Reserve's comments on inflation. After having advanced as much as 1.9 per cent by late morning, the S&P 500 gave up all its gains in the afternoon along with the Dow and Nasdaq, which fell the most on the day. All three indexes breached key technical levels during the session. Late in the day, the US Centres for Disease Control said the country had detected its first case of the Omicron variant, which had infected a person who came from South Africa. Earlier on Wednesday, Fed chair Jerome Powell said policymakers needed to be ready to respond to the possibility inflation may not recede in the second half of next year as expected. Wall Street had already tumbled on Tuesday after Mr Powell had surprised the market by signalling that the central bank would consider accelerating the withdrawal of its bond buying programme at its meeting this month amid a surge in inflation. Independent Advisor Alliance c...

SeaPRwire

UK’s $1.7 trillion Covid-19 wealth gain went mostly to the rich

elean
2 minutes

LONDON (BLOOMBERG) - Britain's household wealth surged by £900 billion (S$1.7 trillion) during the pandemic, and much of that went to the richest people, a study by the Resolution Foundation showed. The figure is well above the Bank of England's estimate for how much money consumers accumulated during lockdowns that shut most stores and prevented people from traveling. It adds to evidence of growing wealth and income inequalities. Typical families in Britain are £7,800 better off now than before the pandemic despite the biggest economic recession in three centuries, the research group said Monday. The richest 10 per cent of families enjoyed the biggest absolute wealth increase - more than £50,000. The poorest 30 per cent of adults are just £86 better off. Soaring property values had the largest impact on wealth, handing disproportionately large gains to property owners. That is a sharp contrast with the previous four recessions, when house prices declined 22 per cent on average. "Not all households have benefited from this unlikely wealth boom," said Resolution Foundation senior economist Jack Leslie. "The poorest households are more likely to have run down rather than increased th...

SeaPRwire
Read More

Zoom projects annual sales signalling growth after pandemic

elean
3 minutes

NEW YORK (Bloomberg) -- Zoom Video Communications projected annual revenue that would top analysts' estimates, signalling the video meeting service expects to remain a ubiquitous presence in daily life even as the pandemic recedes. Shares jumped about 10 per cent extended trading. Sales will be as much as US$3.78 billion (S$5 billion) in fiscal year 2022, the company said Monday (March 1) in a statement. While the projected annual revenue growth of 43 per cent is far short of Zoom's 326 per cent increase in the fiscal year ended Jan 31, it topped the 37 per cent average estimate of analysts, according to data compiled by Bloomberg. Profit, excluding some items, will be as much as US$3.65 a share. Analysts projected US$2.97. Investors have feared the software maker couldn't continue the dramatic growth in 2020 that came as people forced home in coronavirus lockdowns connected remotely on the service to work, school, friends and family. While Zoom's stock jumped almost fivefold last year as it became one of the biggest beneficiaries of the pandemic, it had gained just 11 per cent during the first two months of 2021 before surging almost 10 per cent Monday to close at US$409.66 in New...

SeaPRwire
Read More

S&P 500 ends down as Walt Disney weighs

elean
3 minutes

NEW YORK (REUTERS) - The S&P 500 ended lower on Monday (Dec 14), weighed down by Walt Disney, while Alexion Pharmaceuticals jumped on a $39 billion buyout offer from AstraZeneca in one of the year's biggest deals. The Dow Jones Industrial Average hit a record high before ending lower, pulled down by Walt Disney. US officials began to administer the vaccine developed by Pfizer and its German partner BioNTech on Monday following emergency-use approval from federal regulators last week. Shares of Disney, down 3.65%, and Pfizer, down almost 5%, weighed more than any other stocks on the S&P 500. The index's four-day losing streak was its longest since Sept 21. The S&P 500 consumer discretionary index was the strongest gainer among sector indexes, up 1% and lifted by a rise in Amazon, up 1.4%. The energy index tumbled over 3%. The S&P 500 gave up earlier gains of almost 1%. The index has surged about 13% to record highs in 2020, despite the pandemic, which has wrought economic devastation and killed more than a million people. "While the entire market is pleased, is optimistic, is bullish about the arrival of the vaccine this morning into the US, I think the average investor is realising...

SeaPRwire
Read More

S&P 500 ends down after rallying to best November ever

elean
3 minutes

NEW YORK (REUTERS) - The S&P 500 index ended lower on Monday (Nov 30) as investors took profits following a sharp rally in recent weeks that led to the benchmark's best November ever. Nine out of 11 of the major S&P 500 sectors fell, with the energy index tumbling 5.4% and leading losses, tracking a drop in crude prices. The S&P 500 technology index rose 0.7%, thanks in part to a 2.1% rise in Apple Inc shares. IHS Markit jumped 7.4% after data giant S&P Global agreed to buy the financial information provider in a US$44 billion deal that would be the biggest corporate acquisition of 2020. Month-end rebalancing of portfolios played into Monday's weakness, analysts said, as investors cashed in on gains after a strong month marked by updates of Covid-19 vaccines making headway and hopes of a swift economic rebound next year. A rotation into energy, industrials and financials, all expected by many investors to outperform as the economy recovers from its downturn, drove gains of almost 11% for the S&P 500 in November and helped the Dow Jones Industrial Average make its biggest monthly gain since 1987. "I would attribute (Monday's drop) to compounding concerns over the coronavirus, combin...