Archives for April 14, 2019

Amazon may be working on a free, ad-supported music service

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It would take Spotify head-on as soon as next week.

Amazon might compete more directly with Spotify in the near future. Billboard sources maintain that Amazon is in talks to debut a free, ad-supported service as soon as next week. You’d only have access to a “limited catalog,” but this would also give you something to play on your Echo speaker without having to pay or sign up for another service.

While it’s not clear how much music would be available, it’s reportedly willing to pay “some” labels per stream no matter how many ads run alongside those songs.

Amazon isn’t commenting on the rumor. With that said, it’s easy to see the company offering a free service. Although its existing pay-only services (Prime Music and Music Unlimited) have been relatively widely adopted with a total of 20 million subscribers as of 2018, it’s unclear how many of those people actually listen. Prime Music is more of a bonus than something listeners seek out. Even if a free service didn’t have a larger catalog than Prime Music, it’d have a much larger potential audience and would make Amazon more of a contender in addition to selling more Alexa-equipped devices.

SpaceIL plans second private Moon lander despite crash

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Fotografía de archivo del lunes 17 de diciembre de 2018 de técnicos junto al módulo lunar SpaceIL, una nave espacial no tripulada en exhibición en un cuarto estéril durante una visita de prensa a su instalación cerca de Tel Aviv, Israel.

It’s not giving up despite initial setbacks.

SpaceIL’s first attempt at a private Moon landing didn’t go according to plan. However, that isn’t deterring the team from giving it another shot. Founder Morris Khan has announced that the team will build another Beresheet lander and “complete the mission.” The task force behind the new lander will start its work “first thing” on April 14th, he said.

As you might guess, there aren’t many more details at this stage. Will it be a functionally identical model that addresses glitches (particularly the communications failure and premature engine cutoff), or will it be a substantial redesign? Nonetheless, it’s good news for both Israel’s spacefaring goals and hopes that privately-funded lunar flights will become a practical reality.

Stocks to Watch: First Capital Realty Inc. (TSX:FCR) Up +2.34%

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At close of market on Friday, First Capital Realty Inc. (TSX:FCR) stock finished trading at +2.34%, bringing the stock price to $21.41 on the Toronto Stock Exchange. The stock price saw a low of $21.09 and a high of $21.41.

The company’s stock was traded 3,325 times with a total of 793,338 shares traded.

First Capital Realty Inc. has a market cap of $5.46 billion, with 254.96 million shares in issue.

First Capital Realty Inc is a Canada-based owner, developer, and manager of grocery-anchored urban properties. Historically, revenue contributions have come from supermarkets, drugstores, banks, liquor stores, restaurants, fitness centers, medical and childcare facilities, and other personal services. In target markets, First Capital engages in development and redevelopment activities in joint ventures or on its own accord. Property management and operations are executed through local operating platforms in each of the company’s urban markets. An overwhelming majority of rent revenue is derived from Canadian urban markets.

Stocks to Watch: Hydro One Limited (TSX:H) Up +1.38%

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At close of market on Friday, Hydro One Limited (TSX:H) stock finished trading at +1.38%, bringing the stock price to $21.28 on the Toronto Stock Exchange. The stock price saw a low of $20.94 and a high of $21.28.

The company’s stock was traded 2,799 times with a total of 692,422 shares traded.

Hydro One Limited has a market cap of $12.68 billion, with 595.94 million shares in issue.

Hydro One Ltd is a service provider of electricity transmission and distribution. The company is engaged in the transmission and distribution of electricity across Ontario. The segments of the company are transmission and distribution. The firm generates the majority of its revenue from the distribution segment.

Stocks to Watch: Canadian Western Bank (TSX:CWB) Up +2.37%

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At close of market on Friday, Canadian Western Bank (TSX:CWB) stock finished trading at +2.37%, bringing the stock price to $28.96 on the Toronto Stock Exchange. The stock price saw a low of $28.58 and a high of $29.26.

The company’s stock was traded 2,541 times with a total of 397,489 shares traded.

Canadian Western Bank has a market cap of $2.53 billion, with 87.21 million shares in issue.

Canadian Western Bank is a diversified financial service organization providing banking, trust, and wealth management services. The group operates through a number of subsidiaries providing different areas of financial services. Canadian Western Bank offers business banking services including general commercial banking, equipment financing and leasing, real estate financing, and other services for small- and medium-sized companies, as well as personal banking services including chequing and savings accounts, loans, mortgages, and investment products. Canadian Western Trust is engaged in retirement, trustee, and custodial solutions for financial advisors, corporations, and individuals. The company receives maximum revenue from interest income.

Stocks to Watch: Lydian International Limited Ordinary Shares (TSX:LYD) Up +50.00%

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At close of market on Friday, Lydian International Limited Ordinary Shares (TSX:LYD) stock finished trading at +50.00%, bringing the stock price to $0.18 on the Toronto Stock Exchange. The stock price saw a low of $0.17 and a high of $0.24.

The company’s stock was traded 683 times with a total of 4,043,460 shares traded.

Lydian International Limited Ordinary Shares has a market cap of $135.35 million, with 751.96 million shares in issue.

Lydian International Ltd is a gold focused mineral development corporation engaged in exploring and developing precious metals assets located in Armenia and Georgia. Its main projects are the Amulsar Gold Project (Amulsar) in Armenia and Kela Project located in Georgia. It owns the Amulsar Project, through its wholly-owned subsidiary Lydian Resources Armenia. At the present time, the Kela Project does not comprise a material aspect of the Corporation’s business operations. Amulsar is a compelling opportunity for a large scale, low cost operation utilizing open pit mining and conventional heap leach processing.