Copper Prices Soar to 10-Year High Amid Low Supply and Industrial Boom
Copper prices soared to a 10-year high this week, as an industrial rebound from the Covid-19 pandemic, coupled with the Biden administration’s latest infrastructure spending announcements, fuel expectations of higher demand for the metal. Following some instability in March amid renewed concerns over lockdowns across Europe and a strengthening US dollar, copper has once again […]
AMD: Analysts Raise Estimates, Markets Shrug Following Earnings
Advanced Micro Devices (NASDAQ: AMD) opened 3% higher but ultimately closed down 1.4% the day after the firm released its first-quarter results this week, which generally beat analyst expectations. The company announced first-quarter revenue of $3.44 billion, a gross margin of 46.1%. Net Income for the first quarter was $555 million, or a 16.1% net […]
Ripple Plans For Public Debut Following SEC Lawsuit Settlement
Despite an ongoing SEC lawsuit, major cryptocurrency company Ripple has not given up on making its public debut, which could happen as soon as its legal battle is settled. That is, according to Yoshitaka Kitao, CEO of Japanese financial giant SBI Group and the largest Ripple shareholder. Kitao revealed that both the cryptocurrency’s CEO Brad […]
Is The Exploits Subzone The New Abitibi? – The Daily Dive feat Michael Collins
For the final episode of The Daily Dive for the trading week, we sit down with Michael Collins, CEO of Exploits Discovery (CSE: NFLD). Michael joins us this afternoon to discuss the latest for Exploits, including the announcement of Eric Sprott taking a large position in the company, investor demand for the region, potential future […]
Alphabet: BMO Raises Price Target To $2,700 Following Exceptional Earnings
Alphabet (NASDAQ: GOOG) reached record highs this week after its first-quarter results blew investors away, with the company reaching record profit and subsequently announcing a $50 billion share buyback program. The company announced first-quarter revenue of $55.43 billion and a gross margin of 56.4%. Net income came in at a record $17.93 billion, or a […]
US Gig Economy Suffers Slump Following Comments Made by Labour Secretary
A number of major gig economy companies suffered significant losses on Thursday, after the US labour secretary suggested some contract workers should be reclassified as employees. Over $15 billion was erased off the value of the American gig economy, as shares of ride-hailing companies Uber and Lyft, as well as food delivery service DoorDash, fell […]
US Economy Rebounds 6.4% Amid Surge in Consumer Spending
The US economy gained even more momentum in the first quarter of 2021, as unprecedented stimulus initiatives and easing Covid-19 restrictions helped fuel consumer spending. On Thursday, the Commerce Department reported that GDP expanded 6.4% on an annualized basis in the first three months of the year, exceeding economists’ forecasts of 6.1% growth, according to […]
NIO Reports US$1.2 Billion Revenue, US$68.8 Million Net Loss For Q1 2021
Chinese smart electric vehicle company NIO Inc. (NYSE: NIO) reported last night its financial results for Q1 2021, earning US$1.2 billion in revenue. The company also incurred a US$68.8 million net loss. This quarter’s revenue is a 20.2% increase from last quarter’s US$1.0 billion, while the net loss is a 67.5% improvement from the prior […]
LevelJump Announces Strategic $1.5 Million Financing
LevelJump Healthcare (TSXV: JUMP) this morning announced that it will be conducting a non-brokered private placement. The financing will look to raise gross proceeds of up to $1.5 million. Under the terms of the financing, the company intends to sell 10.0 million units at a price of $0.15 per unit. Each unit is to contain […]
Arctic Star Intersects 57 Metres Of Kimberlite At Diagras
Arctic Star Exploration (TSXV: ADD) this morning reported that it has confirmed the discovery and recognition of what is known as the Sequoia Kimberlite Complex at its Diagras Diamond Project in Lac De Gras, Northwest Territories. The confirmation follows the completion of the second drill hole into what is referred to as the Sequoia geophysical […]