Tesla Suspends Bitcoin Use Over Environmental Impact Concerns
Less than two months after Elon Musk announced that Tesla would begin accepting bitcoin for payment, it appears the CEO has made a dramatic turnaround, tweeting on Wednesday that Tesla will be suspending bitcoin payments over environmental concerns. Musk, who has been unquestionably the most vocal proponent of bitcoin in American financial markets, proudly announced […]
It’s Just Transitory: US Consumer Prices Soar to Highest Since 1981
The largest month-over-month increase in core consumer prices since 1981 occurred today, as skyrocketing energy and used car prices surged significantly higher than expected. This has sparked concern among investors who are beginning to determine that the Fed’s guessing game of inflation goal posts may not be all that “transitory” after all. Following a blowout […]
Trulieve Cannabis: Analyst Q1 Consensus Estimates
Trulieve Cannabis (CSE: TRUL) announced that they will be reporting their first quarter financials before market open on March 13th. Analysts have a consensus C$88.08 12-month price target on the company, via a total of 15 analysts, with four analysts having a strong buy rating and the other 11 have buy ratings. The street high […]
Ford To Reveal All Electric Pickup Truck May 19
Ford Motor Company (NYSE: F) is set to unveil its first all-electric pickup truck, named the F-150 Lightning, at its Dearborn headquarters. The automaker has indicated the reveal is scheduled for the morning of May 19, 2021. The planned unveiling will be broadcasted simultaneously across social media platforms and 18 high-traffic public spaces such as […]
Raymond James: Village Farms Selloff Is Overdone
Village Farms International, Inc. (TSX: VFF) investors are having a rough start to the month, with the shares of the company slumping almost 27% after the company reported less than stellar earnings on May 10th. The company reported revenues of $52.4 million, up 63% year over year. This large increase comes from their acqusition of […]
Cruise: A Deep Dive On The Autonomous Electric Vehicle Company
From the Disney magic-powered Herbie in 1968 to the wizardry-enchanted 1960 Ford Anglia in the Harry Potter movies, the silver screen has always teased us of the wonders of self-driving cars. How long did we have to wait to see one in our lifetime? Apparently, not that long. There are numerous companies in the world […]
McDonald’s Franchises Warn of Imminent Big Mac Price Hike Amid Labour Shortages
It appears that the US government’s generous unemployment benefits are creating a widening labour shortage in the fast food industry, threatening to set off an even bigger “inflationary time bomb” and send Big Mac prices soaring. The National Owners Association (NOA), an independent advocacy group of McDonald’s franchisees, sent a letter to its members warning […]
Green Thumb: Analysts Anticipate Q1 Revenues Of US$187.4 Million
Green Thumb Industries (CSE: GTII) announced that they will be reporting their first quarter financials after hours on March 12th. Analysts have a consensus C$57.01 12-month price target on the company, via a total of 14 analysts, with three analysts having a strong buy rating and the other 11 having buy ratings. The street high […]
Tesla Shares Plummet After Automaker Allegedly Halts Expansion Plans in China
Tesla stock suffered a slump on Tuesday, after it was revealed the EV maker halted plans to purchase additional land in Shanghai. According to Reuters which cited sources familiar with the matter, Tesla abstained from bidding on a piece of land that would expand its nearby Shanghai factory and turn into into a global exportation […]
Grande Portage: Updated Resource Estimate Improves Indicated Gold By 97%
Grande Portage Resources (TSXV: GPG) this morning released an updated mineral resource estimate for its wholly owned Herbert Gold Project, located in southeastern Alaska. The updated resource saw outstanding results, with the company indicating that its indicated gold has increased by 97% while inferred gold has improved by 29%. The updated resource estimate was reportedly […]