Plan for Pokemon-Like Witcher Game Sends CD Projekt to Record
Polish gaming studioCD Projekt SA soared to a record on plans to introduce a Pokemon-style augmented-reality game for mobile phones based on the Witcher medieval fantasy series.
Shares in Europe’s largest gaming studio jumped as much as 7.3% to a record 437.7 zloty, giving it a market value of 41.9 billion zloty ($11.2 billion). The company didn’t indicate a launch date for the free-to-play game.
CD Projekt, the biggest company on the Warsaw stock exchange, has had success in its computer and console productions based on the Witcher fantasy stories about a medieval monster hunter, gaining a sales boost around the turn of the year following a Netflix series of the same name.
World’s Major Economies Suffer Record 10% Lockdown Slump
Lockdowns and coronavirus restrictions pushed the world’s major economies into a near 10% economic slump in the second quarter, according to the Organization for Economic Cooperation and Development. That’s a record drop for OECD countries, and four times the 2.3% GDP decline recorded in the first quarter of 2009, at the height of the financial crisis. While economies have started to rebound, the fallout on businesses, jobs and incomes continues to be felt around the world.
Once Again, White Women Are One of the Greatest Threats to Progress
The attacks on Democratic vice presidential nominee Senator Kamala Harris have already begun in earnest and they are just as grounded in racism and misogyny as we expected from the voices we expected like Donald Trump. But keep your eye on the army of Aunt Lydias lined up and ready to pounce. These are the white women operatives of the Republicans’ increasingly desperate strategy to maintain white Christian patriarchal control, and they have already swung into action to attack Sen. Harris now that she is Vice President Biden’s running mate.
As soon as President Trump launched his attacks on Sen. Harris, calling her “nasty” and boosting racist and baseless “birther” allegations, the Radical Right’s white women strategists got to work. Just look to Republican National Committee Chair Ronna McDaniel, who took to social media to try to lend credence to his misogyny and echoed the “nasty” slur against Sen. Harris. It was an obvious attempt to double-down on the president’s use of a term with overt sexist connotations before piling on more lies about Sen. Harris and her record.
Global Stocks Hit Record on Trade Deal Progress, Vaccine Hopes
Global equities climbed to a record high on Wednesday, as progress in U.S.-China trade talks and hopes for the development of a vaccine against the novel coronavirus fueled investor appetite for stocks.
The MSCI All-Country World Index, which includes both emerging and developed world markets, climbed 0.4% to 581.11, topping a previous high from February. While tensions between the U.S. and China have been rising recently, risk assets rallied after the two countries this week reiterated their commitment to a phase-onetrade deal in a biannual review.
Massive stimulus injections to boost pandemic-ravaged economies in the U.S., Europe and other major regions are fueling a rally as stocks rebound from the global sell-off through March. Covid-19 cases are rising in some parts of Europe and the U.S. and U.S.-China trade tensions persist, but investors in search of returns have few alternatives to equities.
With investors focused on vaccine progress, Moderna Inc. said it’s near a deal to supply at least 80 million vaccine doses to the European Union.
— With assistance by Kit Rees
Stock Alert: Splunk Up 6% Ahead Of Q2 Earnings
Shares of Splunk Inc. (SPLK) are rising more than 6 percent or $12.35 in Wednesday’s morning trade at $215.97.
Splunk is slated to report its financial results for the second quarter after market close on Wednesday. The San Francisco-based company is a developer of software solutions that enable organizations to gain real-time operational intelligence.
On average, analysts polled by Thomson Reuters expect the company to report loss of $0.33 per share for the quarter on revenues of $522.52 million. Analysts’ estimates typically exclude special items.
Splunk has traded in a range of $93.92 to $217.36 in the past 52 weeks.
Softbank CEO Marcelo Claure spends $11M on Miami home he’ll demolish
Japanese conglomerate Softbank has made unfortunate investments in startups, like WeWork and Uber, that resulted in a record operating loss of $13 billion.
But despite that, Marcelo Claure, CEO of SoftBank Group International and COO of SoftBank Group Corp., still took home an annual salary of some $20 million, according a company filing.
And with some of that cash, Claure — who also owns Bolivian soccer club Bolivar and is chairman and owner of Inter Miami, a Major League Soccer franchise, with David Beckham — just bought a South Florida home.
The executive spent $11.1 million for a spread at 5212 N. Bay Road in Miami Beach, which lines the Intracoastal Waterway dividing the beach from the rest of the city.
The property, built in 1929 and located on a 0.63-acre lot, first went on the market in November 2019 for $13.4 million, then got a price cut in February to 12.9 million, according to Realtor.com.
But instead of moving in, Claure plans on tearing it down.
Sources say the 6-foot-6 CEO plans on demolishing the 5,356-square-foot, four-bedroom, three-bathroom home to build the mansion of his dreams. Listing broker Nelson Gonzalez, of Berkshire Hathaway HomeServices EWM Realty, declined to comment on the deal.
However, he did say that the Miami real estate market is booming. “We’ve had the lowest inventory in some time, thanks to all the tax refugees coming from New York, who are buying left and right,” he tells Gimme Shelter.