BMO: Netflix Is Now “Growth At A Reasonable Price”
The earnings season has started off with a bang as Netflix (Nasdaq: NFLX) closed its first post-earnings session down 36% to $222. This comes after the company reported it’s first quarterly subscriber decline while forecasting there will be another quarter of subscriber losses. The company said its paid memberships for the first quarter was 221.64 […]
US Energy Opens US$6 Billion Subsidy Program To Keep Nuclear Lights On
The US government is determined to achieve its zero-carbon goals as it looks to provide subsidies for American nuclear power firms amid the rising prices of energy resources. The country’s Energy Department released the guidelines for the earmarked US$6-billion subsidy program for nuclear power companies under US President Joe Biden’s Bipartisan Infrastructure Law. The program, […]
Gran Tierra Records 29,362 BOPD Average Production In Q1 2022
Gran Tierra Energy Inc. (TSX: GTE) announced on Tuesday its preliminary Q1 2022 results. The energy firm highlighted an annual average production of 29,362 barrels of oil per day (bopd), marginally unchanged from Q4 2021 but up 20% from Q1 2021’s production. Despite the flat quarter-on-quarter average production, the firm believes it is on track […]
Tech SPAC Yotta Acquisition Prices US$100 Million IPO
Special purpose acquisition company Yotta Acquisition Corporation (Nasdaq: YOTAU) started trading its securities on the Nasdaq Global Market today. 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 one Class A […]
Are Investors Buying NFT’s As A Proxy For Crypto? – The Daily Dive
Today on The Daily Dive we see the return of BCA Research’s Chief Global Strategist, Peter Berezin. Peter joins us today to provide his thoughts on the NFT space, Elon’s proposed purchase of Twitter, and what is going on in China with recent lockdowns. Also discussed is what he’s watching in regards to geopolitical events, […]
Canadian CPI Shoots to 6.7% in March
Canadians continued to pay significantly more for goods and services last month, as inflationary pressure broadened with various metrics soaring to new record-highs. Following a gain of 5.7% in February, consumer prices jumped 6.7% last month, marking the biggest gain since January 1991. On a seasonally adjusted basis the monthly gain stood at 0.9%, which […]
Filo Mining Intersects 0.91% Copper Equivalent Over 1,251.5 Metres At Filo del Sol
Filo Mining Corp. (TSX: FIL) announced on Tuesday highlight drill results from its Filo del Sol project. The drill hole assayed a wide intersection of 0.91% copper equivalent over 1,251.5 metres. “Hole 58 continues our success in defining continuity of strong mineralization within the Aurora zone of the deposit, and we are confident that there […]
Flowr Corp Sells Portugal Assets To Akanda For $35 Million
The Flowr Corporation (TSXV: FLWR) has begun selling off assets to remain afloat. The firm this morning indicated it will be selling off its Portugal-based operations this morning as a means of reducing its current debt. The transaction will see the company sell Holiden Holdings to that of Akanda Corp (NASDAQ: AKAN) in a cash […]
Canadian Government Issues US Dollar Bond to Help Stabilize Foreign Reserves
Fearing that investor demand for Canadian dollars may slump amid heightened volatility, the federal government announced it will issue a US dollar-denominated bond beginning this week. The Department of Finance on Tuesday announced plans to issue a US dollar global bond, that will be available to investors as early as April 20. In line with […]
Netflix Is Looking Into Lower-Priced Ad-Based Subscription Plans
Netflix (Nasdaq: NFLX) is looking at maximizing the value of its subscriber base. Its opportunity area: lower-priced plan with ads. In the company’s earnings call, the streaming giant floated the idea of phasing its pricing model to include a tier that would offer the subscription at a lower rate but would include advertisements. “One way […]