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Sudbury restaurant owner is frustrated that some pubs are ignoring the pandemic rules – Sudbury.com

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Some Sudbury business people are upset with the COVID-19 restrictions. They’re not upset so much that restrictions are in place. They’re more upset that some of their fellow businesses are ignoring the rules. They’re worried that if more people are testing positive for the coronavirus, the province could get tougher with the restrictions as has happened in Southern Ontario.

Their names and the names of their businesses are not being identified for fear of public retribution.

“So what happens if we have to go back to Stage Two?” asked one business person with more than a hint of frustration. She said she was made aware of at least two restaurant-pubs in Sudbury where patrons who ignore physical distancing are “packed together shoulder to shoulder” and the masking rules are completely ignored.

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The business owner said her complaint was not a “sour grapes” issue.

“I know there’s enough business for all of us and I am happy to see people in business,” she said.

Her concern for the Sudbury area businesses became reality for restaurant-owners in Toronto, Ottawa, York Region and Peel Region in mid-October when COVID-19 cases spiked in those parts of Ontario. Restrictions were moved from Stage Three to a modified Stage Two. It meant restaurants were restricted back to having outdoor dining areas only.

Businesses within the jurisdiction of PHSD went into Stage Two on June 12, 2020 and then advanced to the less restrictive Stage Three on July 17, 2020. It allowed for restaurant patrons to eat inside the restaurant as long as they practiced physical distancing and wore a mask when not sitting at their table.

The Sudbury business owner said her restaurant took a financial hit during the first pandemic lockdown in March and has been working hard to stay in business since then. She said even with the move to Stage Three, the restaurant has not been able to work at full capacity and several staff members were not able to return to work.

The business owner wanted to know if there was any enforcement of COVID-19 restrictions and where to file a complaint. Earlier this year, in response to an inquiry from Sudbury.Com, Greater Sudbury Police Service (GSPS) said it was not taking a proactive role in health enforcement.

“All COVID related calls are directed to 311 who then determines the appropriate agency to send the call to. In most cases, Police are not the first response as by-law Officers have the authority to respond to these types of calls (depending on the priority of the call and the time the call comes in). We work in collaboration with the City of Greater Sudbury to address these issues,” said an email response from Kaitlyn Dunn, the corporate communications coordinator at GSPS.

“The bylaw department will certainly look into any concerns that residents have,” said Shannon Dowling, a communications advisor with the City of Greater Sudbury. She said residents who have complaints can call the city’s 311 number and pass on the information.

Dowling said in most instances, non-compliance issues will be enforced by bylaw officers. She said if there is an extreme situation requiring an immediate response, then police will be advised.

“There is a bit of a shared enforcement thing with Bylaw and the Greater Sudbury Police Service,” Dowling explained.

She added that complaints related to the pandemic, public gatherings and other concerns are not new.

“Just since March, we received 580 complaints to Bylaw that were specific to gathering,” said Dowling. Another 480 complaints were specific to businesses not adhering the COVID-19 safety guidelines.

Although she couldn’t be specific, Dowling said two charges were laid in relation to the business complaints. Dowling said the main thrust of COVID-19 enforcement is community safety, awareness and education.

“There is a really strong focus on education. They really want people to understand what the rules are because oftentimes people don’t know what they are,” said Dowling.

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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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