Tag: Continued

MPHASE PROVIDES OPERATIONAL UPDATE INCLUDING CONTINUED GROWTH IN LEARNING TRACK BUSINESS

Gaithersburg, MD, Oct. 13, 2020 (GLOBE NEWSWIRE) — mPhase Technologies, Inc. (OTCQB: XDSL) (“mPhase” or the “Company”) is providing the following update on new technology and business improvements at its Learning Track division. As a reminder, in 2019 Learning Track introduced a Learning Management System (“LMS”) platform that has enabled mPhase to become one of the fastest growing public companies in the LMS space and has contributed a majority of Company revenue to date, accounting for a quarterly revenue increase from $2.5 million in Q4 2019 to approximately $7.6 million in Q3 2020, which also marked the first profitable quarter in Company history. mPhase has guided to over $30 million in trailing-twelve-month revenue for fiscal year 2020.

The Company spent the last few quarters developing additional technology that it believes will increase the attractiveness of the Learning Track platform. New and upcoming enhancements include:

  • An updated User Interface (“UI”), which
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Weekly High Frequency Indicators: Slow Improvement Has Continued

Purpose

I look at the high frequency weekly indicators because while they can be very noisy, they provide a good nowcast of the economy and will telegraph the maintenance or change in the economy well before monthly or quarterly data is available. They are also an excellent way to “mark your beliefs to market.” In general, I go in order of long-leading indicators, then short-leading indicators, then coincident indicators.

A Note on Methodology

Data is presented in a “just the facts, ma’am” format with a minimum of commentary so that bias is minimized.

Where relevant, I include 12-month highs and lows in the data in parentheses to the right. All data taken from St. Louis FRED unless otherwise linked.

A few items (e.g., Financial Conditions indexes, regional Fed indexes, stock prices, the yield curve) have their own metrics based on long-term studies of their behavior.

Where data is seasonally adjusted,

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COVID-19 Recession – Continued Improvement: The iM-Weekly Unemployment Monitor – Update 10/8/2020

Today’s DOL Unemployment Insurance Weekly Claims indicates continued improvement in the insured employment situation even though the initial claims remain stubbornly high.

The non-seasonal adjusted initial claims at 804,307 are up by 5,312 when compared to the previous week. However, the non-seasonal adjusted continuous insured unemployed at 10,612,021 have again decreased significantly by 1,010,280 from last week’s reported figures.

Also, the total persons claiming some form of UI benefit as of September 19 are reported by the DOL as 25,505,499, a decrease of 1,003,179 from last week’s figure.

These figures signal a continued improvement to the return to work numbers which could indicate a slight easing of the Covid-19 recession (green line on graph).

The figure below shows that currently the lowest unemployment rate should be 15.9%. And, if one added the historic 2.6% UCR-PCR spread, then the actual unemployment rate should be 18.0%.

In the current Covid-19 situation, we

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Target Hospitality Provides Business Update Highlighting Continued Positive Trends and Corporate Strategy

Target Hospitality Corp. (“Target Hospitality”, “Target” or the “Company”) (NASDAQ: TH), the largest provider of vertically-integrated specialty hospitality accommodations with premium catering and value-added hospitality services in the U.S., today is providing the following business updates as a result of continued positive trends in its core business.

“As the economic outlook became increasingly uncertain during the second quarter of this year, we took aggressive actions to appropriately position Target to navigate this unprecedented operating environment. We quickly aligned our business to match customer demand, while maintaining a heightened focus on preserving our financial strength. Our second quarter results reflected Target’s ability to execute in a challenging environment and continue to deliver strong financial results, while generating meaningful discretionary cash flow,” stated Brad Archer, President and Chief Executive Officer.

“We have continued to see positive trends in our operating metrics following our second quarter results, including occupancy and utilization. Target’s customer

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COVID-19 Recession – Slow Continued Improvement: The iM-Weekly Unemployment Monitor: Update 9/17/2020

Today’s DOL Unemployment Insurance Weekly Claims shows an improvement in the insured employment situation.

The non-seasonal adjusted initial claims at 790,021 are down by 75,974 when compared to previous week, Also, the non-seasonal adjusted continuous insured unemployed at 12,321,395 have, for this week, decreased significantly by -1,034,052 over the last week’s reported figures.

However, the total persons claiming some form of UI benefit as of August 29 are reported by the DOL as 29,768,326, an increase of 98,456 from last week’s upward revised figure.

These figures signal a continued improvement to the return to work numbers which could indicate a slight easing of the COVID-19 recession (green line in below figure), however this is not yet reflected in a reduction of total number of persons receiving some form of benefit which include the self-employed (blue line).

The figure below shows that currently the lowest unemployment rate should be 18.5%. And,

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Mastercard Sees Continued Improvement In August; RBC Says Buy

Mastercard (MA) has now updated its operating metrics through the week ending August 28, revealing continued modest improvements. Switched transactions increased +5% y/y vs. +3% y/y. That’s thanks to the relaxing of social distancing measures, partially offset by the expiration of US elevated unemployment benefits.

According to MA, most markets are in the Normalization phase domestically. This phase occurs when social distancing and mobility limitations are relaxed and spending begins to gradually recover, says Mastercard, with some sectors recovering faster than others.

“In particular, we are seeing continued improvement in travel and entertainment related categories such as lodging, restaurants, auto rental and gas” says the company, adding that its Switched Volume growth rates excluding travel and entertainment are now similar to pre-pandemic levels.

From a geographic perspective, the US was relatively stable with volume up +5% y/y in the last week of August vs. +5% in the last

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