Bowlero Swings To Q4 Profit; Stock Up 8%

Treasury Announces Twenty-Year Bond Auction Details

The Treasury Department on Thursday revealed the details of this month’s auction of twenty-year bonds.

The Treasury announced it plans to sell $12 billion worth of twenty-year bonds, with the results of the sale due to announced next Tuesday, September 20.

Last month, the Treasury sold $15 billion worth of twenty-year bonds, attracting well below average demand.

The twenty-year bond auction drew a high yield of 3.380 percent and a bid-to-cover ratio of 2.30, while the ten previous twenty-year bond auctions had an average bid-to-cover ratio of 2.54.

Earlier this week, the Treasury announced the results of this month’s auctions of $41 billion worth of three-year notes, $32 billion worth of ten-year notes and $18 billion worth of thirty-year bonds.

The three-year note and thirty-year bond auctions attracted above average demand, while the ten-year note auction attracted below average demand.

‘Drifting Home’ Review: A Sinking Development

Two friends visit their old apartment building and make haunting discoveries in this animated film from Hiroyasu Ishida.

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By Maya Phillips

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‘The Woman King’ Review: She Slays

Viola Davis leads a strong cast into battle in an epic from Gina Prince-Bythewood, inspired by real women warriors.

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By Manohla Dargis

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U.S. Covid Positive Cases Tumble 30% In Last Fortnight

Known coronavirus positive cases in the United States have fallen significantly in the last two weeks, by 30 percent, according to the New York Times’ latest data.

A 6 percent decrease was recorded in Covid casualties in the country during the same period.

With 937 additional deaths reported on Wednesday, the total number of people that have lost their lives due to coronavirus infection in the country has risen to 1,052,233, as per Johns Hopkins University’s latest data.

103,473 new infections on the same day took the total U.S. Covid cases to 95,492,534.

Georgia reported the most number of deaths – 150 – while Pennsylvania recorded most cases – 17,506.

2,459 additional deaths were reported globally on Tuesday, taking the total number of people who have lost their lives due to the pandemic so far to 6,520,681.

93,570,146 people have so far recovered from the disease, the Worldometer tally shows.

U.S. hospitals reported a 11 percent decrease in the number of Covid patients in the last two weeks. The number of I.C.U. admissions due to the worse stage of the viral disease has also fallen by 8 percent.

U.S. Covid hospitalizations fell to 33,552. 4,079 of these patients are admitted in intensive care units.

The nation’s current test positivity rate is 13 percent.

Meanwhile, the World Health Organization said the end of the pandemic is in sight. “We are not there yet. But the end is in sight,” WHO Director-General Tedros Adhanom Ghebreyesus told reporters.

How Much Watching Time Do You Have This Weekend?

Our TV critic recommends a sweet new farm show for children, a silly-spooky show for grown-ups and a terrific stand-up special.

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By Margaret Lyons

Oil Futures Settle Sharply Lower On Demand Concerns

Oil prices fell sharply on Thursday amid concerns about outlook for energy demand, and on reports about a tentative deal between rail road union and its workers to avert a potentially disastrous rail strike in the U.S.

Growth in global crude oil demand continues to decelerate, weighed down by renewed Chinese lockdowns and an ongoing slowdown in the OECD region, global energy body International Energy Agency said in its latest report.

West Texas Intermediate Crude oil futures for October ended lower by $3.38 or about 3.8% at $85.10 a barrel, the lowest settlement since September 8.

Brent crude futures were down $3.38 or 3.59% at $90.72 a barrel a little while ago.

The International Monetary Fund said downside risks continue to dominate the global economic outlook. Although some countries are expected to slip into recession next year, the IMF is not certain if their will be a widespread global receession.

Data from the Energy Information Administration (EIA) on Wednesday showed that crude inventories in the U.S., the largest consumer in the world, increased by 2.4 million barrels in the week ended September 9th, suggesting weaker fuel demand.

Bowlero Swings To Q4 Profit; Stock Up 8%

Shares of Bowlero Corp. (BOWL) gained 8% in extended session on Thursday after the operator of bowling centers reported profit for the fourth quarter, compared to a loss last year, with revenues surging.

Revenues for the fourth quarter rose to $267.7 million from $159.1 million last year. Same-store revenue was $78.8 million, or 53.0%, higher than pre-pandemic.

Net income for the quarter was $6.94 million, compared to net loss of $13.46 million last year.

BOWL closed Thursday’s trading at $12.49, down $0.50 or 3.85%, on the Nasdaq. The stock, however, gained $1.06 or 8.49% in the after-hours trading.