Atlanta rapper Silento was arrested on Friday and accused of driving 143 mph on Interstate 85, according to authorities.
Atlanta rapper Silento was arrested on Friday and accused of driving 143 mph on Interstate 85, according to authorities.
A cabinet minister confirmed to the Daily Telegraph that shops will be given permission to trade 24 hours a day as retailers try to recoup some of their losses and make the most of the busy festive season.
The billionaire Issa brothers have offered to buy the chain, which is struggling to pay its rents.
The "Perineal Care - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Top news and what to watch in the markets on Monday, November 30, 2020.
The stock market is looking robust, but also showing some signs of excessive bullishness. Apple leads four key names to watch.
A sign of the holidays will really come into its own Monday.
The mother of a nine-year-old girl who died from acute respiratory failure after repeated asthma attacks on Monday said she hoped a coroner's inquest would conclude that air pollution played a role in her death.
New York, New York--(Newsfile Corp. - November 30, 2020) - The following statement is being issued by Levi & Korsinsky, LLP:To: All persons or entities who purchased or otherwise acquired securities of Loop Industries, Inc. ("Loop") (NASDAQ: LOOP) between September 24, 2018 and October 12, 2020. You are hereby notified that a securities class action lawsuit has been commenced in the the United States District Court for the Southern District of New York. ...
President has still not committed to a peaceful transition of power
(Bloomberg) -- Copper powered to a seven-year high as the rush for growth played out in metals markets, with traditional haven gold dropping amid growing optimism for an end to the coronavirus pandemic.Bullion extended its slide below $1,800 an ounce and copper added to a four-week surge on bets the looming roll-out of Covid-19 vaccines will help drive an economic recovery. The moves deepen a wider pivot into risk assets in November, with global stocks heading for a record month.“Robust price rallies in industrial commodities like copper point to an ongoing rotation from a risk-averse to risk-on asset market regime,” Citigroup Inc. analysts including Aakash Doshi wrote in an emailed note. Gold faces a “more uncertain path in 2021” as global growth prospects improve, they said.The latest boost for risk appetite came over the weekend, when two of America’s top health officials said a vaccine will be deployed across the U.S. before the end of the year. Elsewhere, an index of China’s manufacturing sector rose to a three-year high on Monday and the country is taking steps to boost domestic consumption, including of autos and home appliances.“Macro factors are driving copper trading,” Chinese brokerage Jinrui Futures Co. wrote in note on Monday. “The market sentiment is really bullish right now amid a combination of vaccines, economic recovery, and a smooth U.S. presidential transition.”Copper rose as much as 2.6% to $7,692.50 a ton, the highest since March 2013. The metal traded at $7,622 by 11:20 a.m. in London and is heading for the biggest monthly gain since 2016.Iron ore also joined the rally, with Singapore futures up 1.3% and heading for a monthly gain of 11%. Prices reached $140 a ton, the highest since futures began trading in 2013, before swiftly paring gains.Gold fell 0.9% to $1,771.01 an ounce, on track for a fourth straight monthly loss. Silver dropped 1.6%.Bullion is suffering as investors reverse this year’s hunt for havens amid deep economic ruptures and a fractious U.S. general election. But other factors that favor gold -- ultra-dovish monetary policy and the risk of steeper inflation -- remain in place.“The current weakness of gold is all the more remarkable given that the U.S. dollar is likewise weak,” Carsten Fritsch, an analyst at Commerzbank AG, said in an emailed note. “After the price fell below the support level at $1,800 on Friday, the technical picture became even more gloomy, which no doubt has prompted further short-term-oriented investors to withdraw.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Uruguayan earned comparisons with Ole Gunnar Solskajer and Andy Cole after inspiring United’s comeback
New restrictions come into force on 2 December
Bethlehem is shaping up for a dismal Christmas: most of the inns are closed, the shepherds are likely to be under lockdown and there are few visitors from the east, or anywhere else. "This Christmas will be less festive than usual as there will be restrictions, I suppose like any other part of the world," Pizzaballa said in an interview with a Catholic news service.
Algeria captain Riyad Mahrez bagged his first hat-trick in five years as Manchester City trounced Burnley 5-0 at the weekend to move within six points of Premier League frontrunners Tottenham Hotspur.
Local authorities in England will be allowed to temporarily waive rules restricting retail opening hours.
The "Die Casting - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
C3.ai, a leading enterprise AI software provider for accelerating digital transformation, today announced plans to commence the roadshow for its proposed initial public offering. C3.ai has filed a registration statement on Form S-1 with the Securities and Exchange Commission ("SEC") to offer 15,500,000 shares of its Class A common stock to the public. C3.ai also intends to grant the underwriters a 30-day option to purchase up to an additional 2,325,000 shares of Class A common stock from C3.ai. The initial public offering price is expected to be between $31.00 and $34.00 per share. C3.ai’s Class A common stock has been approved for listing under the ticker symbol "AI" on the New York Stock Exchange.
Here’s our round-up of the top Samsung 4K TV deals for Cyber Monday, featuring offers on 65-inch, 75-inch and 82-inch Samsung TVs
Comparison of the top tablet deals for Cyber Monday 2020, including all the best sales on reMarkable tablet, Samsung Galaxy, Amazon Fire & moreCompare the best tablet deals for Cyber Monday, together with Android & Apple tablet offers. Find the best deals using the links below.Best Tablet Deals: * Save up to 82% on the latest tablets from Microsoft, Lenovo, Samsung, Apple & more top brands at Walmart \- save on Samsung Galaxy Tablets, Lenovo Smart Tabs, Apple iPads, and more * Save up to $50 on top-rated Samsung Galaxy Tab tablets at Dell.com \- get the best deals on unlocked Samsung Tablet Galaxy Tab S5e and more * Save up to 50% off on a wide range of Samsung Galaxy tablets & Apple iPads at AT&T.com \- check live prices on top-selling tablets from Apple, Microsoft, and Samsung * Save up to $350 on Apple iPads, Samsung Galaxy Tab & LG tablets at Verizon.com \- check the latest savings on best-selling tablets including the iPad Air & Pro, Galaxy Tab S7, and LG G pad * Save up to 47% on top-rated Android & Apple tablets at Amazon \- check the latest deals on Apple iPad, Samsung Galaxy, Fire, Lenovo & more top-rated Android tablets * Save up to 33% on tablets from Samsung, Microsoft, and Lenovo at OfficeDepot.com \- check the latest deals on cellular, Wi-Fi, and wireless tablets * Save up to 33% on the latest Microsoft Surface devices at Walmart \- save on the Microsoft Surface Pro, Go, Book & Laptop series * Save up to $350 on the latest Apple iPad, iPad Pro, iPad mini & iPad Air at Verizon \- featuring savings on the latest 2020 8th generation Apple iPad & iPad Air 4th generation, iPad Pro 12.9 inch & more * Save up to 50% off on Apple iPads at AT&T \- check out deals on the latest models including 50% off the iPad 10.2-inch 7th Gen * Save up to 40% on iPads & Apple tablet accessories at Amazon \- featuring savings on the latest 2020 Apple iPad (10.2 Inch, 8th generation), iPad mini, Apple Smart Keyboard Folio, and more * Save up to 40% on Microsoft Surface devices & bundles at Microsoft.com \- live deals are available now on Surface Pro 7, Surface Book 3, Surface Go & more * Save up to 47% on Amazon Fire tablets at Amazon \- check the latest deals on Amazon Fire tablets including Fire 7, Fire HD 8, Fire HD 10 models, and more * Save on reMarkable Paper Tablets at Amazon \- check the live prices on the reMarkable tablets with ultra low latency and glare-free touchscreen display * Save up to 40% off on the latest Samsung Galaxy Tab tablets at Walmart \- see the best deals on a wide selection of Samsung Galaxy tablets available in new and refurbished conditions * Save on Samsung Galaxy tablets at ATT.com \- check the latest deals on a wide range of Samsung Galaxy tablets including the Tab S5E, Tab S7, and Tab A * Save 50% off on the Samsung Galaxy Tab A at AT&T.com \- the Samsung Galaxy Tab A comes in 32GB, 64GB, and 128GB versions * Save up to $130 on the Samsung Galaxy Tab A at Walmart \- the Galaxy Tab A features Dolby Atmos surround sound, Android 9.0, and Full HD display * Save up to $100 off on Samsung Galaxy Tab S7 and compatible accessories at Walmart \- click the link to see the latest deals on Samsung Galaxy Tab S7, slim cases, keyboard cases, and more * Save up to $50 on the Samsung Galaxy Tab S5E at Dell.com \- weighing in at less than a pound, the incredibly slim Galaxy Tab S5e is perfect for your on-the-go life * Save up to $350 on the Samsung Galaxy Tab S7 & S7+ at Verizon.com \- check the latest deals on the 11-inch S7 and the 12.4-inch S7+ Looking for more deals? Click here to compare the entire range of deals at Walmart’s Cyber Monday sale and click here to check out Amazon’s live Cyber Monday deals. Deal Tomato earns commissions from purchases made using the links provided.About Deal Tomato: Deal Tomato reports on popular sales events. As an Amazon Associate and affiliate Deal Tomato earns from qualifying purchases.Contact: Andy Mathews (email@example.com)
\--Completed transformation to 100% institutional funding-- \--Eliminated outstanding loan balance of legacy P2P lending business--SHANGHAI, China, Nov. 30, 2020 (GLOBE NEWSWIRE) -- Jiayin Group Inc. (“Jiayin” or the “Company”) (NASDAQ: JFIN), a leading fintech platform in China, today announced its unaudited financial results for the third quarter ended September 30, 2020.Third Quarter 2020 Operational and Financial Highlights : * Loan origination volume1 was RMB3,330 million (US$490.5 million), representing a decrease of 29.4% from the same period of 2019, and an increase of 48.8% sequentially. * Average borrowing amount per borrower was RMB6,556 (US$965.6), representing a decrease of 12.0% from the same period of 2019. * Repeat borrowing rate2 was 74.5%, compared with repeat borrowing rate of 52.7% in the same period of 2019. * Institutional funding accounted for 100% of the total loans facilitated, compared with 8.2% in the same period of 2019. * Net revenue was RMB401.3 million (US$59.1 million), representing a decrease of 21.4% from the same period of 2019, and an increase of 63.8% sequentially. * Operating income was RMB150.0 million (US$22.1 million), representing an increase of 79.6% from the same period of 2019, and an increase of 212.5% sequentially. * Net income was RMB88.4 million (US$13.0 million), representing an increase of 8.1% from the same period of 2019, and an increase of 115.1% sequentially.Mr. Yan Dinggui, the Founder, Director and Chief Executive Officer, commented: “I am excited to report another solid quarter of strong business performance. Most notably, we completed the business transition upon which we embarked at the start of the year. I am proud to announce that as of November 10, 2020, the outstanding loan balance of our legacy P2P lending business was reduced to zero! This marks a significant milestone. Jiayin has successfully transformed to a finance technology company fully funded only by institutions. Considering that at this time one year ago, our platform funding was over 90% from individuals, this rapid transition demonstrates our agility and outstanding execution capability.”Yan added, “In addition to successfully completing our funding transition, we continued to deliver encouraging business results despite the challenging environment. The loans we facilitated performed very well, investor confidence remained strong, we improved operating efficiency, and we maintained attractive profitability. In the quarter, our net income reached RMB88.4 million, up 8.1% year over year and 115.1% sequentially. This remarkable improvement demonstrates both the effectiveness of our growth strategy and our strong execution. Jiayin always strives to operate conservatively but profitably. We believe that our strong underlying business and brand recognition will enable us to achieve robust growth for the coming years.”Third Quarter 2020 Financial ResultsNet revenue was RMB401.3 million (US$59.1 million), representing a decrease of 21.4% from the same period of 2019.Revenue from loan facilitation services was RMB290.6 million (US$42.8 million), representing a decrease of 26.7% from the same period of 2019. The decrease was primarily due to the lower loan origination volume and the shift to institutional funding partners.Revenue from post-origination services was RMB33.7 million (US$5.0 million), representing a decrease of 43.2% from the same period of 2019. The decrease was due to the lower outstanding loan balance.Other revenue was RMB77.0 million (US11.3 million), representing an increase of 40.0% from the same period of 2019. The increase was primarily due to the variable consideration related to automated investment program recognized from loans previously facilitated under the P2P business.Origination and servicing expenses were RMB59.5 million (US$8.8 million), representing a decrease of 41.1% from the same period of 2019, primarily due to the lower volume of loans facilitated by the Company and reduced collection costs as the company no longer provides such services under its new business model.Allowance for uncollectable receivables, contract assets and loan receivables was RMB15.8 million (US$2.3 million), representing a decrease of 76.7% from the same period of 2019, primarily due to the the overall decrease of facilitation volume, as well as the relatively lower credit risk of the new business model.Sales and marketing expenses were RMB99.5 million (US$14.7 million), representing a decrease of 34.7% from the same period of 2019, primarily due to the lower customer acquisition expenses and reduced advertising spending for promotional activities.General and administrative expenses were RMB37.3 million (US$5.5 million), representing a decrease of 21.5% from the same period of 2019, primarily due to the decrease in share-based compensation expense and the decrease in salaries and personnel related costs, as well as other business-related expenses.Research and development expenses were RMB39.2 million (US$5.8 million), representing a decrease of 33.1% from the same period of 2019, primarily due to the decrease in share-based compensation expense and a more streamlined team in the technology and development department resulting from the business transition.Income from operations was RMB150.0 million (US$22.1 million), representing an increase of 79.6% from the same period of 2019, and an increase of 212.5% sequentially.Other income (expense), net was a net loss of RMB32.8 million (US$4.8 million), compared with a net gain of RMB7.3 million for the corresponding period in 2019. The loss in this quarter was primarily due to the estimated loss of short-term investments.Net income was RMB88.4 million (US$13.0 million), representing an increase of 8.1% from the same period of 2019, and an increase of 115.1% sequentially.Cash and cash equivalents were RMB94.8 million (US$14.0 million) as of September 30, 2020, compared with RMB69.9 million as of June 30, 2020.Conference Call The Company will host a conference call to discuss its financial results on Monday, November 30, 2020 at 8:00 a.m. US. Eastern Time (9:00 PM Beijing/Hong Kong Time).Please register in advance to join the conference using the link provided below and dial in 10 minutes before the call is scheduled to begin. Conference access information will be provided upon registration.Participant Online Registration: http://apac.directeventreg.com/registration/event/5890747A replay of the conference call may be accessed by phone at the following numbers until December 8, 2020. To access the replay, please reference the conference ID 5890747. Phone NumberToll-Free Number United States+1 (646) 254-3697+1 (855) 452-5696 Hong Kong+852 30512780+852 800963117 Mainland China +86 4006322162 +86 8008700205 A live and archived webcast of the conference call will be available on the company’s investors relations website at http://ir.jiayin-fintech.com/.About Jiayin Group Inc.Jiayin Group Inc. is a leading fintech platform in China committed to facilitating effective, transparent, secure and fast connections between investors and borrowers, whose needs are underserved by traditional financial institutions. The origin of the business of the Company can be traced back to 2011. The Company operates a highly secure and open platform with a comprehensive risk management system and a proprietary and effective risk assessment model which employs advanced big data analytics and sophisticated algorithms to accurately assess the risk profiles of potential borrowers.Exchange Rate InformationThis announcement contains translations of certain RMB amounts into U.S. dollars (“US$”) at a specified rates solely for the convenience of the reader. Unless otherwise noted, all translations from RMB to U.S. dollars are made at a rate of RMB6.7896 to US$1.00, the exchange rate set forth in the H.10 statistical release of the Board of Governors of the Federal Reserve System as of September 30, 2020. The Company makes no representation that the RMB or US$ amounts referred could be converted into US$ or RMB, as the case may be, at any particular rate or at all.Safe Harbor / Forward-Looking StatementsThis announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. The Company may also make written or oral forward-looking statements in its periodic reports to the SEC, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the Company and the industry. Potential risks and uncertainties include, but are not limited to, those relating to the Company’s ability to retain existing investors and borrowers and attract new investors and borrowers in an effective and cost-efficient way, the Company’s ability to increase the investment volume and loan origination of loans volume facilitated through its marketplace, effectiveness of the Company’s credit assessment model and risk management system, PRC laws and regulations relating to the online individual finance industry in China, general economic conditions in China, and the Company’s ability to meet the standards necessary to maintain listing of its ADSs on the Nasdaq Stock Market or other stock exchange, including its ability to cure any non-compliance with the continued listing criteria of the Nasdaq Stock Market. All information provided in this press release is as of the date hereof, and the Company undertakes no obligation to update any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that its expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results. Further information regarding risks and uncertainties faced by the Company is included in the Company’s filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F.For more information, please contact: In China:Jiayin Group Ms. Shelley Bai Email: firstname.lastname@example.orgThe Blueshirt Group Ms. Susie Wang Email: email@example.comIn the U.S.:Ms. Julia Qian Email: firstname.lastname@example.org JIAYIN GROUP INC. UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (Amounts in thousands, except for share and per share data) As of December 31, As of September 30, 2019 2020 RMB RMB US$ ASSETS Cash and cash equivalents 122,149 94,826 13,966 Restricted cash — 2,000 295 Amounts due from related parties3 130,722 5,604 825 Accounts receivable, net3 139,164 116,227 17,118 Loan receivables, net3 — 17,965 2,646 Short-term investment3 69,618 33,698 4,963 Prepaid expenses and other current assets 91,002 56,546 8,328 Deferred tax assets 68,292 68,292 10,058 Property and equipment 39,084 24,488 3,607 Right-of-use assets 37,215 13,152 1,937 Long-term investment 3,826 99,640 14,675 TOTAL ASSETS 701,072 532,438 78,418 LIABILITIES AND EQUITY Payroll and welfare payable 48,524 39,948 5,884 Amounts due to related parties 872 12,753 1,878 Refund liabilities 180,104 13,071 1,925 Tax payables 179,421 248,070 36,537 Accrued expenses and other current liabilities 158,705 81,681 12,030 Other payable related to the disposal of Shanghai Caiyin 839,830 680,683 100,254 Lease liabilities 35,215 11,101 1,635 TOTAL LIABILITIES 1,442,671 1,087,307 160,143 SHAREHOLDERS' DEFICIT Class A ordinary shares (US$ 0.000000005 par value; 100,100,000 shares issued and outstanding as of December 31, 2019 and September 30, 2020)4 0 0 0 Class B ordinary shares (US$ 0.000000005 par value; 116,000,000 shares issued and outstanding as of December 31, 2019 and September 30, 2020)4 0 0 0 Additional paid-in capital 777,408 799,602 117,769 Accumulated deficit (1,519,731) (1,352,471) (199,197) Other comprehensive income 469 (4,385) (647) Total Jiayin Group shareholder's deficit (741,854) (557,254) (82,075) Non-controlling interests 255 2,385 350 TOTAL SHAREHOLDERS' DEFICIT (741,599) (554,869) (81,725) TOTAL LIABILITIES AND DEFICIT 701,072 532,438 78,418 JIAYIN GROUP INC. UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Amounts in thousands, except for share and per share data) For the Three Months Ended September 30, For the Nine Months Ended September 30, 2019 2020 2019 2020 RMB RMB US$ RMB RMB US$ Net revenue (including revenue from related parties of RMB 654 and RMB 993 for 2019Q3 and 2020Q3, respectively) 510,773 401,310 59,107 1,887,556 959,825 141,367 Operating cost and expenses: Origination and servicing (101,128) (59,478) (8,760) (354,929) (174,341) (25,678) Allowance for uncollectible accounts receivable, contract assets and loan receivables (67,780) (15,845) (2,334) (182,325) (56,971) (8,391) Sales and marketing (152,364) (99,500) (14,655) (492,336) (257,584) (37,938) General and administrative (47,465) (37,273) (5,490) (154,405) (112,099) (16,510) Research and development (58,566) (39,200) (5,774) (162,785) (109,674) (16,153) Total operating cost and expenses (427,303) (251,296) (37,013 ) (1,346,780) (710,669) (104,670) Income from operation 83,470 150,014 22,094 540,776 249,156 36,697 Interest income (expense) 88 2,488 366 (88) 7,727 1,138 Other income (expense), net 7,308 (32,763) (4,825) 20,876 (28,611) (4,214) Income before income taxes and income from investment in affiliates 90,866 119,739 17,635 561,564 228,272 33,621 Income tax expense (9,099) (32,128) (4,732) (79,623) (60,070) (8,847) Income from investment in affiliates — 740 109 — 713 105 Net income 81,767 88,351 13,012 481,941 168,915 24,879 Less: net income (loss) attributable to non-controlling interest shareholders 152 2,209 324 (76) 1,655 244 Net income attributable to Jiayin Group Inc. 81,615 86,142 12,688 482,017 167,260 24,635 Weighted average shares used in calculating net income per share: \- Basic and diluted 216,100,000 216,100,000 216,100,000 206,307,671 216,100,000 216,100,000 Net income per share: \- Basic and diluted 0.38 0.40 0.06 2.34 0.77 0.11 Other comprehensive income, net of tax of nil: Foreign currency translation adjustments 10,769 (8,449) (1,243) 10,777 (4,878) (719) Comprehensive income 92,536 79,902 11,769 492,718 164,037 24,160 Comprehensive income (loss) attributable to non-controlling interest 151 2,151 317 (76) 1,631 240 Total comprehensive income attributable to Jiayin Group Inc. 92,385 77,751 11,452 492,794 162,406 23,920 _____________________1 “Loan origination volume” refers to the total amount of loans facilitated in Mainland China during the period presented. 2 “Repeat borrowing rate” refers to the repeat borrowers as a percentage of all of our borrowers in Mainland China. 3 The Company has adopted “ASC 326, Financial Instruments — Credit Losses” beginning January 1, 2020 . As of now, the adoption of the new guidance did not have material impacts on the Company’s results of operations, financial condition or liquidity. 4 The total shares authorized for both Class A and Class B are 10,000,000,000,000.