BMO Raises fuboTV Price Target Off New Gambling Roadmap
fuboTV (NYSE: FUBO) reported their second quarter financial results on August 10 after hours. The company reported record revenues, which came in at $130.9 million, an 196% increase year over year. The company reported operating expenses totaling $216.4 million, up 76.5% year over year. The company continues to grow subscribers, it reported second-quarter subscribers at […]
US Producer Prices Skyrocket by Sharpest Pace on Record Despite ‘Transitory’ Narrative
Wednesday’s CPI print provided some firepower to the Federal Reserve, suggesting that inflation for certain goods and services may indeed, be transitory. However, Thursday’s producer price index print displayed a vastly different story, one that suggests prices may be a lot more stickier. According to the Bureau of Labour Statistics, the PPI rose 1% from […]
IEA Revises Oil Demand Outlook Amid Worsening Spread of Delta Variant
What appeared to be a strong recovery in the demand for crude oil suddenly reversed course in July, as the spreading Covid-19 delta variant threatens to derail robust consumption and mobility. The International Energy Agency sharply downgraded its global oil demand forecast for the remainder of the year on Thursday, as a resurgence of the […]
Industrials SPAC Kensington Capital Acquisition V Eyes US$240 Million IPO
Special purpose acquisition company Kensington Capital Acquisition Corp. V (NYSE: KCGI.U) started trading its securities on the New York Stock Exchange today. The firm priced its initial public offering today, aiming to raise total proceeds of US$240.0 million. The offering will entail selling 24.0 million units priced at US$10.00 per unit. Each unit is composed […]
Aya Gold & Silver Posts $9.9 Million In Revenue For Q2 2021
Aya Gold & Silver Inc. (TSX: AYA) shared today its operational and financial results for Q1 2021, which includes the previously announced silver production of 439,149 ounces. The report also highlighted a quarterly revenue of $9.9 million, up from last quarter’s $8.5 million and last year’s $2.0 million. Total silver sales for the quarter is […]
WISH Opens Market At All Time Low After Disastrous Quarter
Shares in ContextLogic (NASDAQ: WISH) opened this morning at a new all-time low following poor earnings results published after market hours last night. Revenues fell on a year over year basis to $656 million, a 6% decline from the $701 million posted in the same period last year. Revenues fell in two of four segments […]
MindMed Declares Q2 2021 Financials: US$193.9 Million Total Assets, US$35.6 Million Net Loss
Mind Medicine Inc. (NEO: MMED), more commonly known as MindMed, announced Thursday night its interim financial results for Q2 2021. The biotech company ended the quarter with an incurred net loss of US$35.6 million compared to a loss of US$5.7 million for the same comparable period last year. The quarter’s net loss translates to US$0.09 […]
Hive Blockchain Acquires Further Bitcoin Miners, Expects To Cross 1 Exahash This Month
Hive Blockchain (TSXV: HIVE) is looking to improve its mining capacity. The company this morning announced the first crypto mining purchase under its 2022 mining purchase program, which is expected to add a total of 180 PH/s to its bitcoin mining capacity. Under the arrangement, the company has agreed to acquire a further 1,800 Antminer […]
Hexo Corp Announces Move To Nasdaq From NYSE
It appears that Hexo Corp (TSX: HEXO) (NYSE: HEXO) is looking at ways to manage its expenditures. The company this morning announced that it will soon be moving its US big board listing from the New York Stock Exchange to the Nasdaq. The company is by no means the first to conduct such a transaction, […]
Emerita Resources Reports First Two Drill Results From La Infanta Deposit
Emerita Resources (TSXV: EMO) this morning reported its first results from the ongoing drill program at the firms La Infanta deposit at the Iberia West project. Highlights from the program include 7.45 metres of 1.67% copper, 6.01% lead, 11.49% zinc, 90.1 g/t silver and 0.49 g/t gold. A total of two drill hole assays were […]