SEC Charge Penn National Gaming Employee Who Made US$560K From Insider Trading
A software engineer on Monday was charged with insider trading on a public company’s stock by the US Securities and Exchange Commission. He made US$560,762 in unlawful profits for selling holdings based on non-public information. David Roda, was employed at Penn National’s Penn Interactive subsidiary as director of back-end architecture. He was one of the […]
MicroStrategy CEO On Its Own CFO’s US$21,000-Bitcoin Price Benchmark For Margin Call: “That’s All FUD”
MicroStrategy’s (Nasdaq: MSTR) bitcoin strategy is being threatened by the latest price crash, ushering in talks of a possible margin call. But CEO Michael Saylor is shrugging these off, even if the benchmark price came from the firm’s own CFO. In its latest financials for Q1 2022, the business intelligence firm held 129,218 bitcoin at […]
Riverside Resources Reports First Assay Results From Oakes Gold Project
The first assay results are in for Riverside Resources’ (TSXV: RRI) recent exploration program conducted at the Oakes project. The program consisted of a total of twelve holes that were drilled for 1,700 metres in aggregate. Results from a total of five holes were released this morning. Highlights from the results include: DDH2022-02: 2.1 g/t […]
Hexo Corp Cancels 2022, 2023 Financial Guidance Following Poor Q3 Earnings
It appears that the impairment of over $616 million in assets in the second quarter was not enough for Hexo Corp (TSX: HEXO). The firm, whom reported earnings last night for the third quarter of 2022, has impaired further assets as its operation continues to decline. Hexo’s revenues for the third quarter saw a sequential […]
Cognetivity Sees Pilot Program Transition Into Commercial Agreement In UAE
A successful pilot program has lead to a commercial arrangement for Cognetivity Neurosciences (CSE: CGN). The firm this morning revealed that its previously announced pilot program with PRIME Health has lead to the agreement. Based in the United Arab Emirates, PRIME Health is said to be a leading healthcare services provider in the region. The […]
Eguana Technologies Receives $7 Million Micro Inverter Order From US-Based Omega Group
On June 14, Eguana Technologies (TSXV: EGT) revealed it has received its first order for micro inverters, valued at over $7 million. The order, which was placed by Omega Group, totals almost 26,000 pieces comprising of single, dual, and quad style micro inverters. Eguana has already shipped out bulk containers, with plans to commence installer […]
Amazon To Kick-Off Prime Air Drone Deliveries
Will the skies be soon abuzz with delivery drones? That’s still farther into the future, but just a few weeks after Walmart announced the expansion of its drone delivery service to cover about four million households in the US, Amazon (NASDAQ: AMZN) has announced that it will start Prime Air drone deliveries for customers in […]
Coinbase Cuts 18% Full-Time Jobs Ahead of Potential Recession
Coinbase is letting go nearly one-fifth of its workforce, as its stock price continues to slide during what appears to be a looming recessionary period for the US economy. In an email sent to employees on Tuesday and seen by CNBC, US-based crypto exchange Coinbase announced it will let go about 1,100 of its 5,000 […]
Fed Officials Prepared to Hike Rates 75 Basis Points Following Alarming Inflation Print
The Federal Reserve is in a position to hike borrowing costs by more than 50 basis points come its policy meeting this week, after latest inflation data showed an economy that continues to grapple with out-of-control price pressures that have yet to subside. The ongoing string of alarming inflation data from the Labour Department has […]
Tesla And Its US$500-Million Bitcoin Problem
Among the current issues hurling Tesla (Nasdaq: TSLA), it seems like problems are something of which it won’t run out of supply. With bitcoin hitting its all-time low for the year, the automaker’s then-bullish investment in the crypto asset could spell trouble for its next earnings release. The digital coin is sustaining massive losses from […]