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72 new COVID-19 cases reported on Vancouver Island – CHEK

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British Columbia health officials have reported 1,462 new cases – including  72 in Island Health – and 11 deaths from COVID-19.

From Friday to Saturday there were 545 cases, from Saturday to Sunday there were 532 new cases, and in the past 24 hours, there were 385 cases identified.

The number of confirmed cases in B.C. climbs to 84,569 while the province’s death toll now stands at 1,391.

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Of the new cases, 407 were recorded in Vancouver Coastal Health, 802 were in Fraser Health,  72 in Island Health,  79 in Interior Health, and 102 in Northern Health.

There are 4,854 currently active cases in the province, 240 people in hospital — 66 of whom are in intensive care — and 8,723 people under active public health monitoring due to possible exposure to an identified case.

A total of  78,237 people in B.C. have recovered from COVID-19 while 333,327 doses of vaccine have been administered province-wide.

During Monday’s update, Dr. Bonnie Henry, the province’s provincial health officer, said there were 144 new cases that are variants of concern identified in the province since the last update on Friday.

“The majority of these cases are in the Fraser Health region, where we are continuing to see the majority of transmission,” said Dr. Bonnie Henry.

A total of 363 cases are associated with the U.K. variant while 31 cases are the B151 variant or South African variant.

B.C. has recorded a total of 394 cases with a variant of concern, with six of those cases being identified in the Island Health region.

“A quarter of these cases, we do not know exactly how they were transmitted, which tells us that the variants are some of the viruses that are being transmitted in our communities,” said Henry on Monday.

Island Health

There are currently 267 active cases on Vancouver Island, according to the latest information posted on the BCCDC‘s dashboard.

Fourteen people are in hospital, one of whom is in critical care.

A total of 625 tests for COVID-19 were performed in the past 24 hours in the region.

Since the coronavirus pandemic began, there have been 2,587 cases, 143 people hospitalized, 2,281 recoveries and 28 deaths on Vancouver Island.

Meanwhile, Island Health reported 231 active cases on Vancouver Island in its latest dashboard update. Of those active cases, 48 are in the South Island, 130 are in Central Island, and 53 are in the North Island.

Island Health’s data often lags behind the BCCDC’s data due to a “difference in timing of reporting across laboratory and public health data sources.”

‘Modified return’ of certain activities on the horizon

During Monday’s update, Dr. Bonnie Henry, the province’s provincial health officer, offered an optimistic outlook for the weeks ahead, saying that British Columbians can look ahead to a “modified return” of certain activities that are currently prohibited.

“We are not going to rush to get things open, but we will take a thoughtful, careful and phased approach over the next few weeks,” said Henry. “I like to think of it as slowly turning up the dial again, rather than flipping the switch,” said Henry, stressing that British Columbia is not in a place where it can simply return to pre-pandemic life.

Such activities that could resume include in-person faith-based gatherings, small outdoor social gatherings, and children’s camps and sports in certain settings.

“What we are looking at as we head into March break or spring break at the end of this week and into next week, is seeing the return of things like gatherings outside, where it safer, activities outside that we can do in groups with precautions in place,” she said.

Health officials are also looking at allowing more inter-provincial travel in time for spring break.

“We will be looking at how we can travel and explore during March break as a family or a small group together with our household, exploring our own region and making sure that if we are going to different parts overnight within our region or within the province that we do make sure that we are not going to place that are not yet ready to receive visitors,” said Henry.

It is likely the virus that causes COVID-19 will remain for a while longer, but there is hope on the horizon, according to Henry.

“There is much we can look forward to in the coming months ahead,” she said.

More to come

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Dow Jones Rises But S&P, Nasdaq Fall; Nvidia, SMCI Flash Sell Signals As Bitcoin's Fourth Halving Arrives – Investor's Business Daily

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[unable to retrieve full-text content]

  1. Dow Jones Rises But S&P, Nasdaq Fall; Nvidia, SMCI Flash Sell Signals As Bitcoin’s Fourth Halving Arrives  Investor’s Business Daily
  2. Iran fires at apparent Israeli attack drones: Mideast tensions  The Associated Press
  3. S&P 500 extends losing streak to sixth day, Dow up 210 points  Yahoo Canada Finance
  4. Stock Market Today: Dow, S&P Live Updates for April 19  Bloomberg
  5. Stock market today: Wall Street limps toward its longest weekly losing streak since September  CityNews Kitchener

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Netflix stock sinks on disappointing revenue forecast, move to scrap membership metrics – Yahoo Canada Finance

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Netflix (NFLX) stock slid as much as 9.6% Friday after the company gave a second quarter revenue forecast that missed estimates and announced it would stop reporting quarterly subscriber metrics closely watched by Wall Street.

On Thursday, Netflix guided to second quarter revenue of $9.49 billion, a miss compared to consensus estimates of $9.51 billion.

The company said it will stop reporting quarterly membership numbers starting next year, along with average revenue per member, or ARM.

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“As we’ve evolved our pricing and plans from a single to multiple tiers with different price points depending on the country, each incremental paid membership has a very different business impact,” the company said.

Netflix reported first quarter earnings that beat across the board on Thursday, with another 9 million-plus subscribers added in the quarter.

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Subscriber additions of 9.3 million beat expectations of 4.8 million and followed the 13 million net additions the streamer added in the fourth quarter. The company added 1.7 million paying users in Q1 2023.

Revenue beat Bloomberg consensus estimates of $9.27 billion to hit $9.37 billion in the quarter, an increase of 14.8% compared to the same period last year as the streamer leaned on revenue initiatives like its crackdown on password-sharing and ad-supported tier, in addition to the recent price hikes on certain subscription plans.

Netflix’s stock has been on a tear in recent months, with shares currently trading near the high end of its 52-week range. Wall Street analysts had warned that high expectations heading into the print could serve as an inherent risk to the stock price.

Earnings per share (EPS) beat estimates in the quarter, with the company reporting EPS of $5.28, well above consensus expectations of $4.52 and nearly double the $2.88 EPS figure it reported in the year-ago period. Netflix guided to second quarter EPS of $4.68, ahead of consensus calls for $4.54.

Profitability metrics also came in strong, with operating margins sitting at 28.1% for the first quarter compared to 21% in the same period last year.

The company previously guided to full-year 2024 operating margins of 24% after the metric grew to 21% from 18% in 2023. Netflix expects margins to tick down slightly in Q2 to 26.6%.

Free cash flow came in at $2.14 billion in the quarter, above consensus calls of $1.9 billion.

Meanwhile, ARM ticked up 1% year over year — matching the fourth quarter results. Wall Street analysts expect ARM to pick up later this year as both the ad-tier impact and price hike effects take hold.

On the ads front, ad-tier memberships increased 65% quarter over quarter after rising nearly 70% sequentially in Q3 2023 and Q4 2023. The ads plan now accounts for over 40% of all Netflix sign-ups in the markets it’s offered in.

FILE PHOTO: Netflix reported first quarter earnings after the bell on Thursday. REUTERS/Dado Ruvic/File PhotoFILE PHOTO: Netflix reported first quarter earnings after the bell on Thursday. REUTERS/Dado Ruvic/File Photo

Netflix reported first quarter earnings after the bell on Thursday. REUTERS/Dado Ruvic/File Photo (REUTERS / Reuters)

Alexandra Canal is a Senior Reporter at Yahoo Finance. Follow her on X @allie_canal, LinkedIn, and email her at alexandra.canal@yahoofinance.com.

For the latest earnings reports and analysis, earnings whispers and expectations, and company earnings news, click here

Read the latest financial and business news from Yahoo Finance

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Oil Prices Erase Gains as Iran Downplays Reports of Israeli Missile Attack – OilPrice.com

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Oil Prices Erase Gains as Iran Downplays Reports of Israeli Missile Attack | OilPrice.com



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Tsvetana Paraskova

Tsvetana Paraskova

Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. 

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  • Oil prices initially spiked on Friday due to unconfirmed reports of an Israeli missile strike on Iran.
  • Prices briefly reached above $90 per barrel before falling back as Iran denied the attack.
  • Iranian media reported activating their air defense systems, not an Israeli strike.

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Oil prices gave up nearly all of early Friday’s gains after an Iranian official told Reuters that there hadn’t been a missile attack against Iran.

Oil surged by as much as $3 per barrel in Asian trade early on Friday after a U.S. official told ABC News today that Israel launched missile strikes against Iran in the early morning hours today. After briefly spiking to above $90 per barrel early on Friday in Asian trade, Brent fell back to $87.10 per barrel in the morning in Europe.

The news was later confirmed by Iranian media, which said the country’s air defense system took down three drones over the city of Isfahan, according to Al Jazeera. Flights to three cities including Tehran and Isfahan were suspended, Iranian media also reported.

Israel’s retaliation for Iran’s missile strikes last week was seen by most as a guarantee of escalation of the Middle East conflict since Iran had warned Tel Aviv that if it retaliates, so will Tehran in its turn and that retaliation would be on a greater scale than the missile strikes from last week. These developments were naturally seen as strongly bullish for oil prices.

However, hours after unconfirmed reports of an Israeli attack first emerged, Reuters quoted an Iranian official as saying that there was no missile strike carried out against Iran. The explosions that were heard in the large Iranian city of Isfahan were the result of the activation of the air defense systems of Iran, the official told Reuters.

Overall, Iran appears to downplay the event, with most official comments and news reports not mentioning Israel, Reuters notes.

The International Atomic Energy Agency (IAEA) said that “there is no damage to Iran’s nuclear sites,” confirming Iranian reports on the matter.

The Isfahan province is home to Iran’s nuclear site for uranium enrichment.

“Brent briefly soared back above $90 before reversing lower after Iranian media downplayed a retaliatory strike by Israel,” Saxo Bank said in a Friday note.

The $5 a barrel trading range in oil prices over the past week has been driven by traders attempting to “quantify the level of risk premium needed to reflect heightened tensions but with no impact on supply,” the bank said, adding “Expect prices to bid ahead of the weekend.”

At the time of writing Brent was trading at $87.34 and WTI at $83.14.

By Tsvetana Paraskova for Oilprice.com

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