Global Investment Banks Made $125 Billion in Fees as Desperate Companies Raised Cash Amid the Pandemic
Although the pandemic has put numerous economies into a state of dystopia, global capital markets have been thriving more than ever. Since the beginning of the pandemic back in March, global monetary authorities have bought $1.3 billion worth of assets every hour, while adapting new policies that embolden the nationalization of bond markets in Europe, […]
Fairytales: In 2020 The Stock Market’s Divorce From Reality Became Formal
Feature image adapted from art by Flickr user bedgemont_dm. “2020” because it was the year we collectively came to see it clearly: the stock market has nothing to do with the economy. Everyone who has ever worked in smallcap has been on the receiving end of a patronizing smile from someone to whom they explained […]
2020 Comes to an End With Nearly 20 Million Americans Still Collecting Unemployment Benefits
With the end of 2020 closing in, the number of initial jobless claims in the US suddenly dropped last week, marking the second consecutive decline. According to the latest data released by the Department of Labour, initial jobless claims declined by 19,000 to 787,000 for the week ending on December 26, which is considerably better […]
Bhang Issues 6.9 Million Shares To Settle Debts
On Thursday evening, Bhang Inc (CSE: BHNG) snuck in one final news release for 2020, indicating that the firm had completed a number of debt settlements via the issuance of shares. In total, nearly 6.9 million subordinate voting shares of the company were issued to settle certain outstanding debts. The company elected to not reveal […]
Newlox Gold Sees Insiders Participate In $4.0 Million Financing
Newlox Gold Ventures (CSE: LUX) has closed the second and final round of its unsecured non-brokered convertible debenture financing. The company raised total proceeds of $4.0 million under the financing, with the most recent tranche seeing an additional $1.2 million raised for the junior gold producer. The financing saw convertible debentures sold at a price […]
BMW Plans to Produce an Additional 250,000 EVs Within Next Three Years
As the EV market continues to heat up with numerous major auto-manufacturers joining the ‘space race’ and unveiling electric cars that are in direct competition of Tesla, it appears that BMW has taken it a step further, announcing it will up its electric vehicle production even more. The German manufacturer’s CEO Oliver Zipse made the […]
Tesla Fails To Meet 2020 Delivery Guidance, Delivers 499,550 Vehicles
Tesla Inc (NASDAQ: TSLA) this morning released its fourth quarter 2020 vehicle production and delivery results. Given that the results were released on a Saturday morning, its unsurprising that the company failed to meet its delivery guidance for the full fiscal year, missing the low end of its prior guidance. In total, Tesla announced deliveries […]
Bitcoin Investors Should Monitor Key Policy Actions by the Incoming Biden Administration in U.S.
As Bitcoin’s ascent has grown even more steep over the last few weeks, it is instructive to consider some factors which could potentially negatively affect the cryptocurrency. Four chief concerns revolve around potential policy changes that the U.S. President-elect Biden Administration could implement. First, the incoming president has nominated former Federal Reserve Chairwoman Janet Yellen as […]
US Hotel Occupancy Rate Plunges to New Low as Major Cities Reimpose Restrictions
It appears that the US hotel industry is still a ways away from a solid recovery, as tourism and travel is expected to remain subdued well into 2021, despite optimistic vaccine rollouts across the country. Many major cities across the US have recently begun reinstating some form of lockdown restrictions and social distancing measures amid […]
Needham Names Green Thumb Industries, Ayr Strategies As 2021 Top Picks
This month, Needham & Company released a 2021 outlook wherein they named Ayr Strategies (CSE: AYR.A) and Green Thumb Industries (CSE: GTII) as their top picks for 2021. Matt McGinly, Needham’s analyst, currently has a US$28 (C$35.64) 12-month price target on Ayr Strategies. This compares to the C$44.25 average price target, which has risen from […]