Rumble-Investor Peter Thiel Steps Down From Meta Platforms Board to Focus on Republican Agenda
Billionaire tech entrepreneur and one of Facebook’s earliest investors Peter Thiel has stepped down from his position as a board member of parent company Meta Platforms Inc. (NASDAQ: FB), in order to focus on the Republican agenda ahead of the 2022 midterm elections. The move follows Thiel making an investment last year into Youtube-competitor Rumble, […]
Cenovus Energy Ends 2021 With $46.36 Billion In Revenue
Cenovus Energy (TSX: CVE) reported today its Q4 and full-year 2021 financial results. The report highlighted an annual net revenue of $46.36 billion, up from 2020’s $13.54 billion. Breaking down the topline revenue figure, its upstream operations contributed $25.39 billion while its downstream operations added $26.67 billion. The firm had total upstream production average of 791,500 […]
Goldman Sachs: Widespread Shortages are Sending Commodity Markets into Backwardation
Extensive commodity shortages have sent markets into a crisis, with futures curves trading substantially below spot prices. According to Goldman Sachs head of commodities research Jeff Currie, widespread shortages of various commodities, including oil, gas, aluminum, and copper have caused futures markets to trade in super-backwardation. “I’ve been doing this 30 years and I’ve never […]
Tech SPAC Aurora Technology Acquisition Prices US$200 Million IPO
Special purpose acquisition company Aurora Technology Acquisition Corp. (Nasdaq: ATAKU) started trading publicly on the Nasdaq Global Market on Monday. The company is seeking to raise US$200 million in its initial public offering. The offering consists of 20.0 million company units priced at US$10.00 per unit. Each unit is composed of one Class A common […]
Gold: Is A Breakout About To Happen? – The Daily Dive
We have a returning guest on the Daily Dive today in Gareth Soloway of InTheMoneyStocks.com. Gareth gives us his analysis of the US jobs report in January, his short position on oil, the big tech winners this earnings season, and the outlook for gold, silver, and bitcoin. He also shares what he is keeping an […]
Take-Two Interactive Records US$903.3 Million In Revenue For Fiscal Q3 2022
Take-Two Interactive Software, Inc. (Nasdaq: TTWO) reported on Monday its financial results for fiscal Q3 2022, ended December 31, 2021. The firm earned US$903.3 million in quarterly revenue, an increase from Q3 2021’s revenue of US$860.9 million. Breaking down the topline revenue figure, the United States market contributed US$534.9 million while the remaining US$368.4 million […]
Datametrex AI Announces Proprietary Tech In Electric Vehicle Charging App
Datametrex AI Limited (TSXV: DM) announced today that it has completed the initial stages of its electric vehicle project. The initiative is focused on the $4.26 billion EV charging market. The project utilizes the company’s proprietary AI technology in an electric vehicle charging app. The latter will allow individuals to sign up personal spaces, like […]
Auxly Cannabis Shutters Robinsons Facilities In Nova Scotia
Despite moving into the number two spot for Canadian cannabis market share, it appears Auxly Cannabis (TSX: XLY) is doing all that it can to one day achieve some level of profitability. The firm last night announced that it has shuttered two facilities in Nova Scotia as a result. The facilities shuttered were located in […]
Peloton Replaces CEO With Ex-Spotify CFO, To Cut 2,800 Jobs
Following PR crises and production halts, Peloton Interactive (Nasdaq: PTON) announced today that its CEO John Foley will be stepping down but will take an executive chair position. This follows weeks after activist investor Blackwells Capital released a report outlining the firm’s “mismanagement” and called for Foley’s resignation. Foley, the company’s co-founder, has been leading the […]
Zoglo’s Expands Product Distribution By 157 Retail Locations
Zoglo’s Incredible Food (CSE: ZOG) continues to expand the distribution of its food products. The firm this morning announced that its products will be placed in 157 additional retail storefronts across Ontario and Quebec. The new retail placements will occur in stores under the Food Basics banner in Ontario and the Marche Adonis banner in […]