Robinhood Reports Extremely Disappointing 4Q 2021 Results; Still, It May Be Time to Start Covering Shorts
On January 27, 2022 after the regular market close, Robinhood Markets, Inc. (NASDAQ: HOOD) reported earnings results for 4Q 2021. These results represented its second successive disastrous quarter in almost every respect, and its guidance for 1Q 2022 offered little hope for a change in the trend. The stock plummeted about 12% in after-hours trading to US$10.20, bringing […]
SEC Unleashes Scrutiny Against Crypto Lending Firms Celsius Network, Gemini
As part of its broad inquiry into firms paying yields on digital coin deposits, the SEC has thrown scrutiny at crypto lending platforms Celsius Network, Gemini Trust Co., and Voyager Digital Ltd. (TSX: VOYG), as the debate regarding whether or not their interest-bearing products should be registered with regulators heats up. According to Bloomberg, which […]
Crypto Money Laundering Soared 30% in 2021
Money laundering involving cryptocurrencies soared by 30% last year, as cyber criminals increasingly turn to high tech platforms to conduct illicit activities. According to a new report published by analysis firm Chainalysis on Wednesday, over $8.6 billion worth of cryptocurrencies were laundered via illegal activities last year. More than $33 billion has already been lost […]
Peloton: BMO Drops Price Target To US$24
Peloton Interactive, Inc. (NASDAQ: PTON) has had a rough start to the year, being down almost 25%. Trouble started on January 18th, when CNBC reported that Peloton has hired McKinsey to review the business’s cost structure, which may lead to job losses. Two days later, CNBC reported another scoop, in which they report that Peloton […]
Fed’s Key Inflation Indicator Rises by Most Since 1983
The Fed’s prized inflation indicator has not let off from scorching hot, and jumped by the most in nearly 40 years as price pressures run rampant throughout the economy. According to latest data released by the Bureau of Economic Analysis, the personal consumption expenditures index jumped another 0.4% from the previous month to an annualized […]
DraftKings: Wynn Resorts’ Low Price Tag For Betting Business Poses A Problem
On January 23, 2022, the New York Post reported that Wynn Resorts, Limited (NASDAQ: WYNN) is attempting to divest its online sports betting business. Its asking price may be around US$500 million, which would represent just a fraction of the business’ reported value less than a year ago. The reason for the about-face: heavy losses in both the […]
Alamos Gold: Haywood Lowers Target To $12.75 Following 2022 Guidance
Last week, Alamos Gold Inc. (TSX: AGI) reported its fourth quarter and full-year production results, as well as their 2022 to 2024 production estimates. For the fourth quarter, Alamos Gold produced 112,500 ounces of gold, bringing the full year 2021 production to 457,200 ounces, which was the lower range of guidance. Costs have not yet […]
Gold Continues Descent Following Powell’s Hawkish Stance
Gold prices continued their downward slide on Thursday, after plummeting by the most in over two months following the Fed’s hawkish comments on taming inflation. Spot gold fell below $1,800 per ounce at the time of writing, continuing its sharp descent from Wednesday’s FOMC meeting, which heeded an unexpectedly more aggressive stance on raising borrowing […]
Digital Gaming Firm Super Group Debuts On NYSE Thru Sports Entertainment Acquisition Merger
Online sports betting and gaming holdings firm SGHC (NYSE: SGHC), known as Super Group, is set to be taken public on the New York Stock Exchange by blank check firm Sports Entertainment Acquisition Corporation today. Super Group is the parent company of online sports betting company Betway and online casino Spin. At a special meeting […]
Coupland: Gold Is Still The Safe Haven – The Daily Dive
Today on the Daily Dive, Tim Coupland, CEO of Trans Canada Gold (TSXV: TTG), returns to join Cassandra and discuss a host of topics. Coupland discusses oil prices amid significant global events (0:47), capital flow in oil exploration (1:47), and the US inflation concerns (2:22). Tim also talks about gold and its recent signs of […]