Long Before Her ‘Minari’ Oscar, Youn Yuh-jung Won South Korea’s Heart
Ms. Youn is the first Asian woman to win the best supporting actress Oscar since 1957. But it’s her life story — as well her characters — that made her award resonate among Koreans.
By Choe Sang-Hun
New York Bancorp to acquire Flagstar Bancorp for $2.6 billion
(Reuters) – New York Community Bancorp Inc said on Monday it would acquire Flagstar Bancorp Inc for $2.6 billion in an all-stock deal.
Oil Prices Fall As India’s Covid Crisis Dents Demand Outlook
Oil prices fell sharply on Monday amid concerns that surging Covid-19 cases in India and Japan, the world’s third and fourth biggest crude oil importers, will dent fuel demand. Investors also braced for a planned increase in OPEC+ output from May.
Benchmark Brent crude fell as much as 1.7 percent to $64.34 a barrel, after having rising 1.1 percent on Friday. U.S. West Texas Intermediate (WTI) crude futures were also down 1.7 percent at $61.10, after climbing 1.2 percent in the previous session. Both benchmark contracts fell about 1 percent last week.
India reported a record number of Covid-19 cases for the fifth straight day on Monday and the official death toll also jumped, plunging the country into a humanitarian crisis.
Rising virus cases in India and restrictions to limit the spread will slash fuel demand, analysts said as countries including Britain, Germany and the United States pledged to send urgent medical aid to help battle the crisis overwhelming its hospitals.
Consultancy FGE expects gasoline demand in India to slip by 100,000 barrels per day (bpd) in April and by more than 170,000 bpd in May. India’s total gasoline sales came to nearly 747,000 bpd in March. Diesel demand is expected to slump by 220,000 bpd in April and by another 400,000 bpd in May.
In Japan, a third state of emergency for Tokyo and three western prefectures began on Sunday, affecting nearly a quarter of the population.
First census data on House seats being released on Monday
The Census Bureau says it will be releasing the numbers used for determining how many congressional seats and Electoral College votes each state gets on Monday.
The release of the apportionment numbers Monday afternoon comes almost four months later than planned because of delays caused by the pandemic and anomalies discovered in the data as the numbers were being crunched.
The numbers are state population counts that show how many residents each state has gained or lost over the past decade.
The 435 seats in the House of Representatives are divided among the states based on population. As growing states get more congressional seats because of population gains, that means fewer seats for states that lost population or didn’t grow as fast.
Brooks Automation To Buy Precise Automation
Brooks Automation, Inc. (BRKS) has entered a definitive agreement to acquire Precise Automation, Inc., a developer of collaborative robots and automation subsytems headquartered in Fremont, CA. The total cash purchase price for the deal will be approximately $70 million. Co-founders Brian Carlisle and Bruce Shimano will join Brooks and continue to lead Precise Automation.
Precise Automation’s technology enables human-robot workflows in a safe and easy-to-use manner, automating processes that could not be addressed practically in the past. Precise Automation generated $17 million in revenue over the last twelve months. Brooks Automation expects the acquisition to be immediately accretive to earnings.
New York Community Bancorp Inc. Reveals Advance In Q1 Bottom Line
New York Community Bancorp Inc. (NYCB) released earnings for its first quarter that advanced from last year.
The company’s earnings came in at $137.39 million, or $0.29 per share. This compares with $92.12 million, or $0.20 per share, in last year’s first quarter.
Analysts had expected the company to earn $0.27 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.
The company’s revenue for the quarter rose 27.0% to $332.07 million from $261.37 million last year.
New York Community Bancorp Inc. earnings at a glance:
-Earnings (Q1): $137.39 Mln. vs. $92.12 Mln. last year.
-EPS (Q1): $0.29 vs. $0.20 last year.
-Analysts Estimate: $0.27
-Revenue (Q1): $332.07 Mln vs. $261.37 Mln last year.
Things to Know: Chloe Zhao's monumental 'Nomadland' win, Chadwick Boseman's shocking loss, European travel is back on — if you're vaccinated
Good morning and welcome to your weekday morning roundup of the top stories you need to know.
Download Insider’s app here. For more daily and weekly briefings, sign up for our newsletters here.
What’s going on today:
- Americans will be allowed to visit the European Union this summer, The New York Times reports. But only if you’re fully vaccinated
- All Oscars everything: Here are the 2021 Academy Awards winners (including one of the biggest upsets of the year) and all the best-dressed stars.
- Who’s doing “Da Butt”? Glenn Close, apparently.
- Chloe Zhao took home Best Director honors for “Nomadland.” She’s only the second woman ever — and the first woman of color — to win the award.
- The CDC says millions of Americans aren’t getting a second dose of the coronavirus vaccine. Some have reportedly said they fear potential side effects. Others feel like one dose should be enough protection.
- No, Biden’s climate plan won’t prevent you from eating meat — despite what Fox News, Laura Boebert, and Marjorie Taylor Greene say.
That’s all for now. See you tomorrow.