B.C. reports more than 6,000 new COVID-19 cases over the weekend - CHEK

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B.C. reports more than 6,000 new COVID-19 cases over the weekend – CHEK

Published

2 years ago

December 28, 2021

Harry Miller

British Columbia health officials Monday reported 6,288 new COVID-19 cases — including 737 in the Island Health region — over a three-day period in their first update since Christmas Eve.

For reasons that were not made clear, health officials said in a press release issued to the media that the case counts provided are preliminary.

That said, the total number of cases in B.C. now stands at 241,946, according to the press release.

Daily case breakdown (preliminary)
Dec. 24-25: 2,552 new cases
Dec. 25-26: 2,023 new cases
Dec. 26-27: 1,713 new cases

B.C. health officials, again for reasons not specified, did not provide any data regarding active cases, as well as deaths, hospitalization, and vaccinations that may have occurred over the weekend. Information about Omicron cases was also not provided in the release.

“The Ministry of Health will return to regular reporting of COVID-19 cases, vaccinations, hospitalizations and deaths, and cases and hospitalizations by vaccination status on Wednesday, Dec. 29,” the press release states.

The 2,552 new cases recorded is a single-day high for B.C. and while there was a drop in cases the following day, it is worth noting that the figures provided are likely lower. That’s because provincial health officials have discouraged people from getting tested and many testing centres have reached capacity.

“I want to be very clear, do not go to a testing centre unless you have symptoms,” said Dr. Bonnie Henry, the province’s provincial health officer during a press conference on Dec. 24. “We need to preserve the more accurate PCR testing for those who really need it. The testing centres are not for pre-travel screening, nor do they give you a green light to spend time with others.”

“Omicron is different now, if you have any symptoms you must assume you have COVID and take measures to avoid passing it on. If you are younger, and vaccinated and have no other risk factors, you don’t necessarily need a test, you just need to take these actions now,” Henry later said during the press conference.

While there was no vaccination data provided in today’s release, the Ministry of Health told CHEK News in a statement Monday that approximately 2,400 doses of the Johnson & Johnson vaccine have been administered in British Columbia, with 321 of those being in Island Health.

B.C. announced early last month that it was receiving a “limited amount” of vaccine from the New Jersey-based pharmaceutical company and that doses would be given to healthcare workers impacted by the province’s vaccine mandate.

Wondering how many doses of Johnson & Johnson #COVID19 vaccine have been administered in British Columbia?

Ministry of Health told me today it is approximately 2,400 doses, with 321 of those being in Island Health.

— Nicholas M. Pescod (@npescod) December 27, 2021

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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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8 hours ago

April 19, 2024

Harry Miller

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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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S&P 500 extends losing streak to sixth day, Dow up 210 points Yahoo Canada Finance
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Netflix stock sinks on disappointing revenue forecast, move to scrap membership metrics – Yahoo Canada Finance

Published

10 hours ago

April 19, 2024

Harry Miller

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.

“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.

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 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.

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

Published

12 hours ago

April 19, 2024

Harry Miller

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

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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By Tsvetana Paraskova – Apr 19, 2024, 4:23 AM CDT

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.

oil

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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