How Do You Do, Fellow Insiders?
Nobody has ever seriously accused the stock market of being fair, and the sentiment that retail investors are mostly just bled to fertilize the gated garden of insider gains has never been stronger than it is right now. Stories about the trading success of high profile elected officials like Nancy Pelosi and appointed officials like […]
SEC’s GameStop Report Refutes Short-Selling Theories, Criticizes PFOF and Gamification of Markets
The much-awaited SEC report on the Reddit-fuelled GameStop trading mania has finally been released, refuting mainstream theories about a short squeeze, and instead shining a spotlight on controversial payment-for-order-flow practices and the gamification of the stock market. On Monday, the SEC released its 44-page omnibus report addressing some of the widely circulated conspiracy theories surrounding […]
Netflix: BMO Reiterates $700 Price Target Ahead Of Earnings
Netflix (NASDAQ: NFLX) is expected to report its third-quarter financials on today with a call after hours. BMO Capital Markets released a note reiterating their $700 price target and Outperform rating, showcasing their estimates for this quarter. The consensus revenue analyst estimate is $7.47 billion with a 45% gross margin and a net income of […]
SPAC Blockchain Moon Acquisition Prices US$100 Million IPO
Special purpose acquisition company Blockchain Moon Acquisition Corp. (Nasdaq: BMAQU) started trading publicly on the Nasdaq Global Market today. The company is seeking to raise US$100 million in its initial public offering. The offering consists of 10.0 million units priced at US$10.00 per unit. Each unit is composed of one common share, one-half of a […]
NowVertical Plans To Acquire Analytics Platform Affinio For US$7.3 Million
NowVertical Group Inc. (TSXV: NOW) announced today that it has entered into a definitive agreement to acquire venture capital-backed analytics platform Affinio Inc. The transaction is reported to be for total consideration of US$7.3 million in a cash and stock deal. Under the terms of the agreement, the big data firm agreed to acquire 100% […]
Grandich: Gold & Silver For Capital Appreciation – The Daily Dive
Today on The Daily Dive, our host Cassandra welcomes back Peter Grandich of Peter Grandich & Company. In this episode, he dives deep into the temporary debt ceiling extension, raising rates, the Chinese real estate market, and the attractive positions of uranium and gold. Peter Grandich & Company specializes in retirement, business and estate planning, […]
Hertz Global Files for Nasdaq Listing After Emerging From Bankruptcy
Car rental company Hertz Global is making its public debut — again. The company, which filed for bankruptcy last summer from which it finally emerged from on June 30, has filed paperwork with the SEC on Friday for an IPO. After announcing such plans back in August concurrently with its second quarter earnings, Hertz plans […]
PopReach Inks Reverse Takeover Deal With Federated Foundry For $160 Million
PopReach Corporation (TSXV: POPR) announced on Monday that it has signed a definitive agreement with 2810735 Ontario Inc., known as Federated Foundry, to settle the terms and conditions of the proposed business combination. The transaction is reported to be for consideration of $160 million. Under the terms of the agreement, the mobile game developer will […]
B2Gold Produces 310,261 Gold Ounces In Q3 2021, Increases 2021 Guidance
B2Gold Corp. (TSX: BTO) announced this morning its quarterly production results for Q3 2021, posting gold production of 310,261 ounces. This is an increase from Q2 2021’s production of 211,612 gold ounces. This quarter’s production includes the consolidated yield of 295,723 gold ounces from the company’s properties: the Fekola mine in Mali, the Masbate mine […]
Canadian Businesses See Inflation, Labour Shortages Worsening
Business sentiment across Canada rose to a record-high in the third quarter, amid a strong improvement in domestic and foreign sales, However, an increased number of businesses are forecasting elevated inflation levels that will persist well into next year, as well as worsening labour shortages. According to the Bank of Canada’s third quarter Business Outlook […]