eResearch Corp. ( published an updated Research Report after EQ Works (TSXV: EQ ; OTC: CYPXF) released its second quarter of 2020 financial statements.

EQ Works (“EQ”) enables businesses to understand, predict, and influence customer behavior. Using unique and third-party data sets, advanced analytics, artificial intelligence, and machine learning, EQ creates actionable insights for businesses to attract, retain, and grow customers.

EQ’s proprietary SaaS platform mines insights from location and geospatial data, enabling businesses to close the loop between digital and real-world consumer actions. EQ is one of the largest providers of location-based data in Canada with over 1 petabyte of data and growing at 7 terabytes daily.

Revenue in the second quarter was C$1.73 million, a decrease of 22%, compared to C$2.21 million in the same quarter in 2019, but in-line with our estimate of C$1.77 million. Advertising revenue in the quarter was negatively impacted by the outbreak of … Read the rest

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Happy Friday, everyone. Can stocks stage a comeback to avert another down week? It’s not looking promising.

Asia is higher, Europe is mixed and Nasdaq futures are off their lows. That’s good news, particularly for tech bulls, as the Nasdaq flirts with a new correction and some FAAMG stocks even threaten to fall into bear territory.

Let’s check in on the action.

Markets update


  • The major indexes are solidly in the green with Shanghai leading the way, up 2%.
  • President Trump has yet to give the green-light (nor has Beijing, for that matter) to the OracleTikTok tie-up, but there’s already talk of an IPO as early as next year.
  • Coronavirus hit a grim toll in the past day, topping 30
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Shares of Dave & Buster’s Entertainment tumbled over 26.1% on Thursday, after the Wall Street Journal reported that the company might have to file for bankruptcy if it fails to strike a deal with a lender.Meanwhile, shares of the dining and entertainment company rose 4.8% in the extended trading session as Truist Financial said that investors are overreacting to the news.According to the Wall Street Journal report, Dave & Buster's (PLAY) is planning to layoff about 1,300 employees across seven US states in a move to cut costs.Truist Financial analyst Jake Bartlett called the share plunge during the regular trading session a "severe overreaction". Bartlett said that the Wall Street Journal referred to the company's disclosure made in its 2Q 10-Q filing that if it is not in compliance with debt covenants, it may file a voluntary petition for Chapter 11 bankruptcy.Bartlett continues to believe that the company's lenders will … Read the rest

Business owners have been the target of a new email phishing scam purporting to be from HM Revenue & Customs (HMRC).

The scam, which was uncovered by accountancy outsourcing specialists Lanop Outsourcing, uses official HMRC branding and graphics to convince victims that their VAT deferral application has been rejected. At least 100 company owners have reported receiving the realistic scam email through Lanop Outsourcing clients.

To aid struggling businesses during Covid-19, HMRC allowed payments of VAT between March 2020 and June 2020 to be deferred until 31st March 2021. Cyber criminals have used the scheme to trick business owners into revealing sensitive information, such as account names, passwords and payment details.

The phishing email begins: “Dear customers, Your request for a deferral of VAT payments due to coronavirus (COVID-19) has been rejected… Summary of reject justification: ‘the claimant is in arrears.”

The email then attempts to convince the recipient of … Read the rest

Uber (NYSE:UBER) wants to become part of the ‘net-zero’ emissions alliance by switching over its fleet to electric vehicles. All of its rides could take place in EVs by 2030 in the US, Canada, and Europe; and the rest of the world by 2040. That will mean quite a lot is being asked of its driver network, who own these vehicles.

Uber’s new pledge is to put $800 million initially into its plan to offer rides exclusively in electric vehicles by 2030 in US, Canadian and European cities, and to be entirely free of emissions by 2040. Drivers will be getting $1.50 more per ride for going electric, and fares will go up for riders choosing an EV.

Uber wants to catch up with its top competitor, Lyft (NASDAQ:LYFT), on bringing EVs to ride-hailing, ride-sharing customers. They’re hoping it will be as big a move as 2011 when Uber first … Read the rest

Democratic presidential nominee Joe Biden delivered a warning to Boris Johnson, ruling out any U.K.-U.S. trade deal if the prime minister’s plan to renege on parts of the Brexit agreement threatens peace in Northern Ireland.

“We can’t allow the Good Friday Agreement that brought peace to Northern Ireland to become a casualty of Brexit,” Biden said on Twitter. “Any trade deal between the U.S. and U.K. must be contingent upon respect for the Agreement and preventing the return of a hard border. Period.”

Johnson has long touted a free-trade accord with the U.S. as one of the key prizes of Brexit. However, Biden’s intervention underscores how the prime minister is struggling to contain the political fallout from his plan to unilaterally rewrite the divorce treaty he signed with the European Union less than a year ago.

By overriding parts of the accord that deal with Northern Ireland, Johnson is … Read the rest

(Bloomberg) — Las Vegas Sands Corp.’s Singapore casino has hired a law firm to conduct a new investigation into employee transfers of more than $1 billion in gamblers’ money to third parties, according to people familiar with the matter.Davinder Singh Chambers LLC, which specializes in dispute resolution and international arbitration, was appointed after Singapore police began a probe of third-party transfers at Marina Bay Sands Ltd., said the people, who asked not to be identified discussing private matters.The review by one of Singapore’s best-known law firms adds to scrutiny of the casino by the U.S. Department of Justice and Singapore authorities after a patron sued the firm last year alleging that S$9.1 million ($6.7 million) of his money was transferred to other gamblers without his knowledge. The lawsuit was settled out of court in June, with the casino agreeing to reimburse the full amount. There was a “non-admission” of liability … Read the rest

The success of the Eat Out to Help Out scheme meant that people bought fewer groceries to cook meals at home last month, according to new figures.

Supermarket food sales fell by £155 million in August compared with the previous month. The year-on-year growth in sales fell from 14.4 per cent in the 12 weeks to August 9 to 10.8 per cent in the 12 weeks to September 6.

Alcohol sales at supermarkets also dropped, with wine down by 5 per cent and beer falling by 10 per cent, as more people returned to pubs, bars and restaurants to make use of the government’s half-price offer on Mondays, Tuesdays and Wednesdays in August, rather than drinking at home during virtual pub quizzes on Zoom.

Fraser McKevitt, head of retail and consumer insights at Kantar, said that “resocialising” had spurred renewed demand for personal grooming items, too, with sales of hairstyling … Read the rest

Batteries are a hot area of research, and it has only been getting hotter as the EV space begins to fill up with companies eager to stake their claim in what many continue to see as an EV revolution. It is, however, more of an evolutionary process. The latest stage in that evolution was recently unveiled by GM (NYSE:GM): wireless batteries. Typically, an electric vehicle’s battery is connected to the car’s onboard management system through wires, and there’s a lot of them. GM has dispensed with that in its Ultium battery packs. Instead of wires, the battery connects to the onboard management system via antennas in a way similar to how Bluetooth works, IEEE Spectrum magazine writes after an exclusive look at the new batteries.

The first huge advantage of this technology over regular batteries is that the battery can be used on any sort of electric vehicle: “GM can … Read the rest

This is the web version of the Bull Sheet, Fortune’s no-BS daily newsletter on the markets. Sign up to receive it in your inbox here.

Good morning. The rally in global equities continues on Wednesday as investors await the Fed’s big policy briefing later today.

Let’s check where investors are putting their money.

Markets update


  • The major Asia indexes are mixed in afternoon trading, with Japan’s Nikkei up 0.1%.
  • The Shinzo Abe era is official over, but don’t expect much of a policy change in Japan. The country has a new prime minister this morning in Yoshihide Suga, Abe’s close former aide, who pledges to keep the spending taps open.
  • Blackstone’s Tony James spoke at CNBC’s Singapore Summit this morning and gave an incredibly bearish call on stocks, saying investors should brace themselves for “a lost decade in terms of equities appreciation.” He’s worried
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