China Merges Rare-Earth Companies Into Megafirm to Ensure Global Dominance in Production
China has tightened its dominance on the production of rare-earth minerals, and has merged three domestic companies into a megafirm just as global demand for vital minerals accelerates. According to Asian business news Asia Nikkei, Beijing has decided to boost China’s development of the vital minerals as well as the subsequent processing technology in an […]
Amazon: Analysts Call For $16.55 Billion In Q3 EBITDA
Amazon.com Inc (NASDAQ: AMZN) will be reporting its third quarter financial results on October 28th after the market closes. Analysts have a consensus of $4,145.46 12-month price target on the company, via a total of 55 analysts, with 20 analysts having strong buy ratings. 34 analysts meanwhile have buy ratings and 1 analyst has a […]
The Contagion Saga Continues: Another Property Developer Implodes, Sending China’s Default Total to Record $9B
Another day has come and gone, and another property developer enters default, further imploding the house of cards that is China’s real estate sector. Modern Land Co., a Beijing-based rival of Evergrande, has officially succumbed to default status, after investors refused to push back the real estate developer’s proposed three-month extension on a $250 million […]
Fashion Platform Rent The Runway Prices Upsized US$357 Million IPO
Fashion e-commerce platform Rent the Runway, Inc. (Nasdaq: RENT) started trading on the Nasdaq Global Select Market today while also announcing pricing for their IPO. The firm aims to raise US$357 million in its debut on the big board. The offering consisted of 17 million Class A common shares at US$21.00 per share, an upsize […]
Datametrex – The Medi-Call App Launches – The Daily Dive
Today on the Daily Dive, we are joined by Marshall Gunter, CEO of Datametrex AI. Within, Marshall discusses the recent launch of the Medi-Call app, the COVID-19 testing agreement entered into with a cruise line, its growth in South Korea, and what investors can look forward to heading into the end of the year. Datametrex […]
Elon Musk Reposts Meme Which Sold as an NFT Shortly After for $20K
It appears that everything Elon Musk touches turns to gold— or into a meme suddenly worth $20,000, for that matter. Elon Musk now sits on a fortune bigger than energy giant ExxonMobil, thanks to Tesla’s shiny new inauguration into the elite trillion-dollar club of US companies. But, despite a wealth of over $288 billion, the […]
Equinox Gold Breaks Ground For Greenstone Mine, Targets First Gold Pour In H1 2024
Equinox Gold Corp. (TSX: EQX) announced today the groundbreaking for the construction of the Greenstone gold mine in Ontario. The mine is being developed in a 60-40 partnership with Orion Mine Finance Group. The initial capital cost is expected to be $1.23 billion, including $50 million spent to date and a $177 million contingency budget. […]
Mindcure Ends Fiscal Q1 2022 With $15.6 Million Cash & Cash Equivalents, $2.8 Million Net Loss
Mind Cure Health (CSE: MCUR) announced on Tuesday the financial results for the three months ended August 31, 2021. The firm ended the quarter with a $2.8 million net loss compared to fiscal Q1 2021’s net loss of $0.3 million. Among the company’s expenses for the quarter include $1.0 million in consulting fees and payroll, $0.2 […]
Robinhood’s 3Q 2021 Earnings Report Raises Troubling Questions
Yesterday after the market close, Robinhood Markets, Inc. (NASDAQ: HOOD) reported 3Q 2021 financial results that were markedly worse than any of the last four quarters and analysts’ consensus 3Q 2021 estimates, which themselves had already been reset lower based on prior management guidance. Equally important, the company issued dour guidance for 4Q 2021 results. […]
Neo Lithium Reports US$1.13 Billion After-Tax NPV For Tres Quebradas
Neo Lithium Corp. (TSXV: NLC) shared on Tuesday the results of its feasibility study for the production of lithium carbonate at its Tres Quebradas lithium brine project in Catamarca Province, Argentina. The results highlighted US$1.13 billion after-tax NPV8%. Compared to the previous pre-feasibility study, the results of the feasibility study show mine life extends to 50 […]