Elon Musk Accuses SEC of Leaking Sensitive Information
It appears that Elon Musk vs. the SEC is far from over, with the Tesla (NASDAQ: TSLA) CEO now accusing the regulatory commission of leaking otherwise private information regarding a federal investigation. Musk’s lawyer Alex Spiro penned a letter to U.S. District Judge Alison Nathan on Monday, alleging an individual from the SEC leaked information […]
OnlyFans Accused of Blacklisting Rival’s Social Media Accounts on Terrorism Database
Adult content website OnlyFans is being accused of placing the social media accounts of rivals on a terrorism database, in an effort to stifle competition. As reported by the BBC on Tuesday, FanCentro, a similar adult content website, filed a claim with a Florida court back in November against OnlyFans owner Leonid Radvinsky as well […]
Russia’s Medvedev: EU Will Pay Double for Gas
Think surging natural gas prices are bad now? Well, Europeans’ pocketbooks are about to get a lot more depleted, as Russia no longer plans to play nice in response to Germany’s halting of Nord Stream 2. Dmitry Medvedev, Russia’s former president and current deputy chairman of the Security Council, warned the European Union that it […]
Rapid Pace of Rent Increases in the U.S. Seems to Argue for Aggressive Action by the Fed
The stock market is facing two main obstacles: 1) the global economic impact of the potential Russia-Ukraine conflict, particularly regarding the availability and pricing of energy supplies; and 2) the implications of the U.S. Federal Reserve’s beginning to withdraw its extraordinarily accommodative monetary policies. Specifically, the Fed is expected to raise short-term rates from nearly […]
Hexo Shakes Up Board Of Directors Following Activist Investor Intervention
Hexo Corp (TSX: HEXO) this morning announced minutes before the opening bell that it is effectively under new management. The firm, in reaching an agreement with activist investor Adam Arviv, has seen its board rejigged, reducing the member count while also announcing a number of replacements. The new board will be exclusively independent from members […]
SPAC Healthcare Capital Secures Shareholder Approval Of US$1 Billion SPAC Merger
Special purpose acquisition company Healthcare Capital Corp. (Nasdaq: HCCC) announced today that it has secured its shareholders’ approval of the proposed business combination with Israeli medical device company Alpha Tau Medical. The transaction values the combined company at a pro forma equity value of US$1 billion, assuming no redemptions take place. The combined company, expected […]
Hemke: The War On Cash – The Daily Dive
Returning to the Daily Dive to start off the short trading week is Craig Hemke of TF Metals Report. Craig joins us this afternoon to discuss recent allegations against ZeroHedge, major banks in Canada going offline after the invocation of the Emergencies Act, the current polarized state of America, and his take on the recent […]
Eguana Tech: Raymond James Initiates With $0.75 Price Target
On February 17th, Eguana Technologies (TSXV: EGT) saw a second analyst begin covering the stock, with Raymond James giving the equity a C$0.75 12-month price target, or an 85% upside to the current stock price, and an outperform rating. This comes after Stifel-GMP initiated earlier last year with a C$0.85 12-month price target and buy […]
Centerra Gold Plans To Acquire Goldfield District Project In Nevada For US$206.5 Million
Centerra Gold Inc. (TSX: CG) seems to be refocusing its efforts in North America. The mining firm announced today the definitive agreement to acquire Gemfield Resources, the owner of the Goldfield District project. The company is buying out the Nevada-based mining firm from Waterton Nevada Splitter for total consideration of US$206.5 million. This consists of […]
Krispy Kreme Reports Sweet Fiscal Q4 2021 With US$370.6 Million But Misses EPS Estimates
Krispy Kreme, Inc. (Nasdaq: DNUT) reported today its Q4 and full-year fiscal 2021 financial results ended January 2, 2022. The firm earned a quarterly revenue of US$370.6 million, up from Q3 2021’s US$342.8 million and also a 13.8% increase year-on-year according to the company. The quarterly revenue also exceeded the revenue estimate for the firm at […]