Galaxy Digital Sees AUM Improve 3.7% In February
After two straight months of declines, it appears that Galaxy Digital Holdings (TSX: GLXY) has managed to stop the bleeding from its current assets under management, if only barely. The firm last night provided its monthly update to its AUM figures, indicating that it has finally seen positive movement in its assets held. Assets under […]
DMG Blockchain Expects To File Delayed Financials By Month End, Provides Preliminary Data
DMG Blockchain (TSXV: DMGI) late last night published preliminary revenue guidance for the fourth quarter of 2021. The results come ahead of the firm formally filing its delayed results for the year, which were due at the end of January. The preliminary results point to the company recording revenue between $3.5 million and $4.0 million […]
Green Thumb Sees Consensus Estimate Fall To $49.89 After Q4 Earnings
Earlier this week, Green Thumb Industries (CSE: GTII) reported its fourth quarter financial results. The company reported sequential revenue growth of 4.2% to $243.6 million. The company reported flat gross profits of $128.64 million for the quarter and an adjusted EBTIDA of $76 million. The company also saw its net income grow 13% quarter over […]
Joe Biden Quietly Calls on US Oil Companies to Boost Production
In a hail Mary attempt to somehow slow down the skyrocketing increase in oil prices, the Biden administration decided to throw out any and all notions about environmental consciousness, and call on US oil producers to ramp up production— but only if they want to. On Tuesday, White House National Economic Council Deputy Director Bharat […]
Nasdaq, NYSE Temporarily Suspend Stock Trading of Russian Companies
Both the Nasdaq and the NYSE halted trading of several Russian companies listed on the US-based stock exchanges, in response to tough sanctions imposed by the West and the subsequent ambiguity surrounding regulations. According to a statement posted on the NYSE website, the exchange temporarily suspending trading of Russian-based telecom firm Mobile TeleSystems PJSC, online […]
Fintech SPAC SHUAA Partners Acquisition I Prices US$100 Million IPO
Special purpose acquisition company SHUAA Partners Acquisition Corp I (Nasdaq: SHUAU) started trading its securities on the Nasdaq Global Market on Wednesday. The firm priced its initial public offering, aiming to raise total proceeds of US$100.0 million. The offering will entail selling 10.0 million units priced at US$10.00 per unit. Each unit is composed of […]
Is Curaleaf Caught in the Russian Blast Crater?
As if Curaleaf (CSE: CURA) didn’t already have enough problems. US Treasury sanctions against Russian nationals and their businesses have caused carnage in the Moscow markets, and in any parts of the American markets that might be associated with Russian markets. When applying pressure through counter-aggression, there’s no sense in coming on strong too quickly. […]
Russian Billionaires Start Losing Superyachts to EU Sanctions
A superyacht linked to Russian oil boss Igor Sechin was impounded by French customs at La Ciotat, while Alisher Usmanov’s superyacht has been seized by German authorities in Hamburg. Superyachts, private jets, and other luxury properties owned by Russia’s wealthiest have attracted a great deal of scrutiny from the EU, UK, and the US as […]
Moody’s, Fitch Downgrade Russia’s Credit Rating to Junk
In yet another blow to Russia’s economy, Fitch and Moody’s both downgraded the country’s credit rating to junk status, after an onslaught of tough Western sanctions cast doubt on its ability to meet debt obligations. Fitch Ratings on Wednesday slashed Russia’s sovereign credit rating by six levels from a rating of BBB to B, pointing […]
China Molybdenum Lost Its Cobalt Mine In Congo Amid Electric Vehicle Race
The Democratic Republic of Congo has effectively repo’d China Molybdenum from its ownership of the cobalt-producing Tenke Fungurume mine. A court ruling removed the Chinese company as the owner of one of the largest cobalt mines in the world. The country’s own mining enterprise, known as Gécamines, sought to remove the China-based miner from the […]