US Fed Keeps Interest Rates Near-Zero Despite Economic Growth, Inflation Expectations
Despite an improving outlook for the US economy, the Federal Reserve reiterated its stance to do absolutely nothing, and instead forecasted tales of impending economic growth, inflation, and significant employment gains. On Wednesday, the Federal Reserve significantly updated its forecasts for economic growth, but stopped short of indicating an interest rate hike prior to 2023, […]
AMC Theatres: SHOWTIME!!
AMC Entertainment (NYSE: AMC) announced this past Wednesday that 98% of its US locations would be re-opened by Friday March 26th, including the lucrative Southern California markets, where the company operates 54 theatres with 726 screens. The re-opening news sustained an unlikely rally in AMC’s equity that really got going following the release of an […]
Sundial Growers: Canaccord Raises Price Target To US$0.65
On March 17th, Sundial Growers (NASDAQ: SNDL) reported their fourth quarter and year end financial results. The company announced full year net revenue of $60.9 million or -4% year over year. Gross margins of $9.1 million were reported, a decrease of 46% year over year, and adjusted EBITDA came in at -$25.5 million for the […]
Robinhood Lures Traders With Cash Credits Just as $1,400 Stimulus Checks Arrive
Just as millions of qualifying Americans are set to receive their $1,400 stimulus check from the federal government, Robinhood has unveiled a new perk, which offers cash bonuses for deposits. Certain retail investors that use the Robinhood app can receive credits for depositing money into their account over the next two weeks. According to the […]
Is Bitcoin In A Hype Cycle? – The Daily Dive feat Charlie Morris
For the final episode of The Daily Dive this trading week, our host Cassandra Leah sits down with that of Charlie Morris, whom is founder and Chief Investment Officer of ByteTree Asset Management. Charlie joins us this afternoon to talk the latest trends in bitcoin, including the allocation of capital by public firms to the […]
US Fed Allows SLR Exemption to Expire
The US Federal Reserve has decided not to extend a regulatory rule imposed during the onset of the pandemic that allowed banks to hold less capital against Treasurys and other holdings. The Fed finally addressed the fate of the Supplementary Leverage Ratio (SLR) exemption on Friday, announcing that it will allow the change to expire […]
Columbia Care: Canaccord Reiterates $15 Price Target Following Q4 Results
On March 16th, Columbia Care (NEO: CCHW) reported their fourth quarter and year end financials as well as reaffirming their 2021 guidance. For the fourth quarter, the company reported combined revenues of $81.8 million as well as adjusted EBITDA of $9.5 million. For the year end, the company stated their combined revenue to be $197.9 […]
US Treasury Yields Respond To Fed’s Relaxed Inflation Policy
US bond markets appeared to have reacted rebelliously to the Federal Reserve’s phlegmatic stance on rising inflation. On Thursday, treasury yields soared to new highs, after the Federal Reserve signaled that it will allow inflation to exceed the 2% target. The 10-year treasury yield surged from 1.64% on Wednesday to a 14-month high of 1.75% […]
Payfare Completes $65.4 Million IPO, To Begin Trading This Morning
Payfare Inc (TSX: PAY) has completed its initial public offering this morning, raising gross proceeds of $65.4 million in the process. The company is focused on powering digital banking and instant payout solutions for the gig workforce that exists today. The firms initial public offering saw common shares of the issuer sold at a price […]
NG Energy Announces Updated Contingent and Prospective Resources
This afternoon NG Energy (TSXV: GASX) released an updated estimate for their flagship project Sinu-9 block that included Contingent Resources of 51.4 BCF, best estimate unrisked Prospective Resources of 836.4 BCF for Prospects and 637.4 BCF for Leads. In addition, NG Energy confirmed the best estimate unrisked Prospective Resources of 194.9 BCF and 2P Reserves […]