Well Health Digs For Positive News, Highlights Subsidiary Revenues Worth 0.9% Of Current Run Rate
Well Health (TSX: WELL) was apparently itching to put out news this morning. That much is evident, based on the company apparently having to dig deep to find a positive development for its operations. The company this morning provided an update on CognisantMD, which is a subsidiary acquired by the company in the fourth quarter […]
United Lithium Contracts Second Drill For Ongoing Exploration Program
Hot off the heels of intersecting 47.75 metres of 1.34% Li2O and the extension of a spodumene-bearing pegmatite zone, United Lithium (CSE: ULTH) is looking to amp up its exploration in Sweden. The firm this morning announced that it will be doubling its current drilling production. The drilling in question is at the firms Bergby […]
Higher Interest Rates Could Burst America’s Housing Bubble
America’s real estate market is headed for turbulent times this year, as the Federal Reserve prepares to tackle out-of-control inflation as early as March. According to senior economist at the American Enterprise Institute and former IMF deputy director Desmond Lachman, the US housing bubble could burst this year if the Fed begins raising interest rates […]
Rivian’s Proposed US$5 Billion Electric Vehicle Plant Becomes Political Football In Georgia
Because of the law of unintended consequences (also known as Murphy’s Law), Rivian Automotive, Inc. (NASDAQ: RIVN) may become a political battleground stock in 2022. The company’s proposed US$5 billion electric vehicle manufacturing facility in the U.S. state of Georgia may have become a key issue in a hotly contested campaign for the state’s Tenth Congressional District’s seat […]
Freshlocal Posts $29.0 Million In Revenue, $8.2 Million Net Loss In Fiscal Q1 2022
Freshlocal Solutions Inc. (TSX: LOCL) announced on Tuesday night its financial results for the first quarter of fiscal 2022 ended January 1, 2022. The firm recorded quarterly revenue of $29.0 million, marginally up from Q4 2021’s $28.8 million but down from Q1 2021’s $31.9 million. “The Company’s quarterly results in Q1 FY2022 were impacted by […]
Agribusiness SPAC AXIOS Sustainable Growth Acquisition Prices US$150 Million IPO
Special purpose acquisition company AXIOS Sustainable Growth Acquisition Corporation (NYSE: AXACU) went public today on the New York Stock Exchange. The company is seeking to raise US$150.0 million through its initial public offering. The offering consists of 15.0 million company units priced at US$10.00 per unit. Each unit is composed of one Class A common […]
What Will Drive The Price Of Gold? – The Daily Dive
Returning to the Daily Dive this afternoon is David Garofalo, Chairman and CEO of Gold Royalty Corp (NYSE: GROY). David joins us today to discuss the recent inflation print, the impact of potential geopolitical events on the price of gold, and the key price levels of gold. Also discussed is the current state of the […]
Washington Blames Zero Hedge for Spreading Russian Propaganda
US government officials have accused right wing financial news website Zero Hedge of spreading Russian propaganda. Unnamed government officials on Tuesday revealed to the Associated Press that Zero Hedge published various articles originally written by Russian-owned media, which were then shared by readers unaware of the alleged connection to Russian spies. The officials did not […]
Roblox Misses Q4 2021 Bookings Estimate With US$770 Million
Roblox (NYSE: RBLX) reported on Tuesday its Q4 and full-year 2021 financial results. The gaming company reported bookings of US$770.1 million, missing the street estimates of US$782 million. Nevertheless, this is an increase from both Q3 2021’s US$637.8 million and Q4 2020’s US$642.3 million figures. Corollary, its full-year 2021 bookings of US$2.7 billion is also […]
Digital World Soars in Premarket Trading Following Trump’s First Social Media Post
Special purpose acquisition company Digital World Acquisition Corp (NASDAQ: DWAC) registered modest gains on Wednesday, after former US president Donald Trump posted for the first time on his new social media platform TRUTH Social, which the SPAC is taking public. Digital World was up about 5% in premarket trading this morning, after Donald Trump Jr. […]