Morgan Stanley Anticipates Hertz Stock to Hit Zero
Morgan Stanley has issued a prediction regarding the infamously bankrupt car rental company Hertz Global (NYSE: HTZ). According to the Investment banking company, there is a very high probability that once the dust settles and common sense rebounds, Hertz shares are going to hit zero, leaving equity holders with nothing. However, Morgan Stanley did suggest […]
Existing Home Sales Fall by 9.7% in May, Third Consecutive Month of Declines Amid Coronavirus Pandemic
The month of May saw the lowest number of previously owned US home sales since October of 2010. However, the slump is expected to be only temporary, with a rebound emerging soon. According to a recent report by the National Association of Realtors (NAR), closing transactions on previously owned homes fell by 9.7% in May […]
30% of Americans Failed to Make June Housing Payments
Although there are some indicators that the US economy is beginning to show initial signs of a rebound, such as the easing of restrictions re-opening of non-essential businesses and services, many Americans are still struggling to meet the financial needs of their basic necessities. According to a recent survey conducted by Apartment List, a total […]
Canada’s Economy Projected to Rebound in 2021, According to Private Sector Forecast
According to a recent private sector forecast, Canada’s economy is beginning to enter the recovery phase, with positive growth projected as soon as 2021. A report released by the Conference Board of Canada suggests the Canadian economy may have already suffered through the worst of the coronavirus pandemic, with a projected contraction of 8.2% for […]
Donald Trump Clarifies Trade Deal is Still Intact in Wake of Advisor’s Confusing Remarks
On Monday, White House trade adviser Peter Navarro stated that the Phase 1 trade deal between China and the US was over. As a result, stock markets briefly took a dive before Navarro and President Trump clarified the comments. Speaking on Fox News, Navarro was asked about the current state of the trade deal, and […]
Aurora Cannabis To Shutter Five Facilities, Faces Impairments of $200 Million
Aurora Cannabis (TSX: ACB) (NYSE: ACB) this morning released an update in relation to its ongoing business transformation plan. The latest developments include significant headcount reductions as well as the closing of five production facilities over the next two quarters as the company looks to cut costs and work towards profitability. Headcount reductions were stated […]
Falcon Gold Continues To Intersect Historic Mine Trend At Central Canada Project
Falcon Gold Corp (TSXV: FG) has completed two additional drill holes at its Central Canada gold project, bringing the total to five for the current exploration program. All holes during the current drill program have intersected the historical mine trend at a depth of 75 metres. The additional two holes drilled by Falcon have totaled […]
Harvest Health Sees First Closing Completed On High Times Transaction
Harvest Health and Recreation (CSE: HARV) this morning announced that it has completed the initial closing of certain retail assets in California to that of High Times. All but two retail licenses agreed to under the amended purchase and sale agreement have seen ownership transfer as a result of the initial closing. With the initial […]
Internet Of Things Books First Purchase Order For ThermalPass, Over 100 Inquiries Received On Product
Internet of Things Inc (TSXV: ITT) this morning released to the market that it has launched the pre-sale program for ThermalPass. ThermalPass is the firms AI-enabled, thermal sensor temperature screening system which is being deployed as a means of fighting the ongoing coronavirus pandemic. With the launch of the pre-sales program, the company is able […]
Gotham Green Partners To Enforce Security Over iAnthus Capital’s Assets
It appears that the issuance of a cease trade order last night is the least of concerns for iAnthus Capital Holdings (CSE: IAN) and its shareholderholders. The company announced this morning that in addition to the order, the company has received a demand for repayment from Gotham Green Partners for its outstanding 13.0% senior secured […]