Tesla Issues TWO Separate Recalls Over Seatbelt Chime Alert, ‘Rolling Stop’ Feature
Tesla (NASDAQ: TSLA) is in the hot seat once again, this time adding two more recalls to the ever-surmounting list of recalls that have accumulated over the past year. On Thursday, Tesla’s archenemy the National Highway Traffic Safety Administration announced that the EV maker is recalling 817,143 vehicles over a seat belt chime that could […]
BMO Launches Coverage On Beyond Meat With $68 Price Target
Beyond Meat (NASDAQ: BYND) gained its 21st analyst coverage at the beginning of February. BMO Capital Markets initiated coverage on the name with a $68 12-month price target, or a 2% return at the time and a market perform rating on the stock. They initially say that they believe Beyond Meat has passed the worst […]
Russia Signs 30-Year Pipeline Deal with China
Russia has entered into a long-term agreement to supply natural gas to China, strengthening its energy alliance with the communist country just as tensions between Europe continue to deteriorate. State-owned Gazprom signed a 30-year contract with the China National Petroleum Corporation (CNPC) this week to supply 10 billion cubic meters of natural gas per year […]
General Motors Announces Plans to Invest Even More Capital in Electric Vehicles; Market Shrugs
In its 4Q 2021 earnings report and the CEO’s letter to shareholders on February 1, General Motors Company (NYSE: GM) disclosed that it plans to spend more through 2025 on its electric vehicle (EV) initiative than its previous US$35 billion estimates, and to spend these funds on an even more accelerated basis. The company emphasized that its […]
SSR Mining: BMO Lowers Price Target Due To Rising Costs
On January 31st, SSR Mining Inc. (TSX: SSRM) announced full-year 2021 production, a three-year outlook, and a 40% increase to the current dividend. First, the company produced 794,456 gold equivalent ounces for the full year, almost beating their high-end 800,000-ounce guidance. The company had all-in sustaining costs of $982 per ounce, below their $1,000 low-end […]
US Nonfarm Payrolls Unexpectedly Beat Forecasts, Send Yields Soaring
Coming as a shocking surprise to markets on Friday, the latest payrolls report steamrolled well above forecasts, with the US economy adding four times as many jobs in January than expected, further solidifying the Federal Reserve’s hawkish plans to begin raising rates as early as next month. The Bureau of Labour Statistics revealed that nonfarm […]
Energy SPAC Kimbell Tiger Acquisition Prices US$200 Million IPO
Blank check company Kimbell Tiger Acquisition Corporation (NYSE: TGR.U) went public today on the New York Stock Exchange. The company is seeking to raise US$200.0 million through 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 share and […]
Denarius Metals: The Focus On Its Spanish Project – The Daily Dive
Joining us today for the first time on the Daily Dive, is Alessandro Cecchi, the VP of Exploration at Denarius Metals (TSXV: DSLV). Alessandra joins us to talk about the current prices of precious metals, what attracted to him Denarius, the recent change in focus at the company, and the firms focus on its Spanish […]
Rogers Communications Aims To Raise US$750 Million From Private 60-Year Notes Offering
Rogers Communications (TSX: RCI.B) announced on Thursday the pricing of its private notes offering. The communications giant is aiming to raise US$550 million in aggregate principal amount. The subordinated notes will carry 5.25% fixed-to-fixed rate and will be due in 2082. The company said it plans to use the net proceeds from the offering to repay […]
Amazon Posts US$469.82 Billion In Net Sales In 2021
Amazon.com, Inc. (Nasdaq: AMZN) reported on Thursday its financial results for Q4 and full-year 2021. The company recorded US$469.82 billion in net sales, an increase from 2020’s net sales of US$386.06 billion. Breaking down the topline annual sales, North America division contributed US$279.83 billion, International sales contributed US$127.79 billion, and Amazon Web Services added US$62.20 […]