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What you need to know about COVID-19 in Alberta on Saturday, May 30 – CBC.ca

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The latest:

  • Alberta has partnered with a number of fast-food chains to provide free, non-medical masks starting in early June.
  • Alberta reported just 13 new cases of COVID-19 on Saturday, bringing the total active cases to 604.
  • There are 54 people in hospital, five of whom are in intensive care. One more person has died. 
  • CEMA announced Thursday the city will begin reopening its 1,100 playgrounds on Friday — three days ahead of schedule.
  • Calgary’s quickly proliferating expanded outdoor restaurant patios are getting mixed reviews.
  • Alberta’s sexual violence helpline saw a 57 per cent increase in calls during the first month of the pandemic and a 42 per cent increase during the first two months.
  • The Alberta government has scaled back the provincial COVID-19 news conferences it had been offering every weekday and is now holding them on Mondays, Wednesdays and Fridays. 

What you need to know today in Alberta:

The Alberta government is distributing 20 million masks meant to help limit the spread of COVID-19. They will be available for pick up from the drive-thrus of A&W, McDonald’s and Tim Hortons. 

The Alberta Opposition says Premier Jason Kenney’s United Conservatives have a new “sugar daddy” in Prime Minister Justin Trudeau and should not accept a federal COVID-19 wage subsidy the party has applied for.

There have been 143 deaths due to COVID-19 in the province. 

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There are 53 people in hospital and five in intensive care. More than 257,000 tests have been completed.

Most active COVID-19 cases are still found in the Calgary zone. Here’s a regional breakdown of cases:

  • Calgary zone: 461 active cases, 4,295 recovered.
  • Edmonton zone: 67 active cases, 464 recovered.
  • South zone: 44 active cases, 1,182 recovered.
  • North zone: 27 active cases, 200 recovered.
  • Central zone: 2 active cases, 95 recovered.
  • Unknown: 3 active cases, 9 recovered.

This map provides an overview of how COVID-19 has impacted the province of Alberta as of May 29, 2020. (CBC News)

What you need to know today in Canada:

Quebec reported another 530 cases of the virus on Friday. Its total number of cases has grown past 50,000 and the death toll to 4,363.

In Ontario, cases have surged by 344 for a total of 27,210 with 2,230 deaths. Premier Doug Ford has said he is looking at reopening the province region by region.

Canada’s economy shrank at an 8.2 per cent annual pace in the first three months of 2020, as an already weak economy in January and February was walloped by COVID-19 in March.

This map shows the number of active cases in Calgary as of May 29, 2020. (CBC News)

As of 6:00 a.m. ET Saturday, Canada had 89,418 confirmed and presumptive coronavirus cases, with 47,533 of them considered recovered or resolved. A CBC News tally of deaths based on provincial data, regional information and CBC’s reporting stood at 7,046.

Self-assessment and supports:

Alberta Health Services has an online self-assessment tool that you can use to determine if you have symptoms of COVID-19.

The province says Albertans who have returned to Canada from other countries must self-isolate. Unless your situation is critical and requires a call to 911, Albertans are advised to call Health Link at 811 before visiting a physician, hospital or other health-care facility.

If you have symptoms, even mild, you are to self-isolate for 10 days from the onset of symptoms. 

You can find Alberta Health Services’ latest coronavirus updates here.

The province also operates a confidential mental health support line at 1-877-303-2642 and addiction help line at 1-866-332-2322, available from 7 a.m. to 11 p.m., seven days a week. 

Online resources are available for advice on handling stressful situations and ways to talk with children.

There is a 24-hour family violence information line at 310-1818 to get anonymous help in more than 170 languages, and Alberta’s One Line for Sexual Violence is available at 1-866-403-8000, from 9 a.m. to 9 p.m.

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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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