More Inflation In The Weeks And Months Ahead? – The Daily Dive
For the final episode of the Daily Dive this week, we’re joined for the first time by James Turk, founder of Goldmoney. James sits down with us to discuss the current jobs market, the problem of inflation, and recent actions by the Bank of Canada. We then transition to precious metals, where we discuss the […]
Up In The Air: The JetBlue-Spirit-Frontier Merger (Love) Triangle And Its Many Turbulences
Ahead of the scheduled shareholder vote to decide on the proposed merger, Spirit Airlines, Inc. (NYSE: SAVE) amended the terms by adding a US$250 million reverse termination fee that Frontier Airlines, Inc. (Nasdaq: ULCC) would have to pay if the transaction falls through. The breakup fee, unanimously approved by Frontier’s board, offers “greater stockholder protections” […]
Lululemon Beats Estimates In Q1 2022… And Jim Cramer Approves
Lululemon Athletica Inc. (Nasdaq: LULU) reported on Thursday its financial results for fiscal Q1 2022 ended May 1, 2022, highlighting a quarterly revenue of US$1.61 billion. This beats the consensus estimate of US$1.53 billion and is an increase from Q1 2021’s US$1.23 billion. While the quarterly gross margin slid down to 53.9% from last year’s […]
Riot Blockchain Mines 466 Bitcoin In May 2022
Riot Blockchain, Inc. (Nasdaq: RIOT) reported on Thursday evening its production updates for May 2022. The results highlighted mining 466 bitcoin over the course of the month, a dip from its April 2022 production of 508 bitcoin but an increase over its May 2021 production of 228 bitcoin. The company has produced a total of […]
Elon Musk Mulls Slashing 10% of Workforce, Cites Gloomy Economic Outlook
Tesla (NASDAQ: TSLA) CEO Elon Musk is feeling a looming chill in the economy and is proposing slashing 10% of his workforce. In his most direct signaling yet, Musk says he has a “super bad feeling” about the economy, and as a result is planning on reducing his staff count. According to Reuters, which cited […]
Alphamin Increases Inferred Tin Resources By 46% At Mpama South
Just three months after filing its maiden resource for the Mpama South Project, Alphamin Resources Corp (TSXV: AFM) has updated its resource estimate, increasing its inferred resources substantially. The project consists of a high-grade tin project, found in the Democratic Republic of Congo. The updated resource estimate for Mpama South consists of the following: 21,400 […]
Datametrex AI To Repurchase Up To 5% Of Shares
Datametrex AI (TSXV: DM) is looking to put its cash to work for shareholders. The firm this morning revealed it has been approved by the TSX Venture to conduct a normal course issuer bid, also known as share buybacks. The program will see the company repurchase up to 17.8 million of its common shares over […]
EarthRenew Looks To Raise $8.0 Million At $0.25 Per Unit
Despite recent drawdowns within the larger market, EarthRenew Inc (CSE: ERTH) is looking to capitalize on the rising cost of fertilizer to bring some cash into its coffers. The firm yesterday after the close of markets announced that it will be conducting a marketed public offering of units. The offering is to be conducted on […]
Reefer Madness, NRA Edition: Fox News Claims Marijuana Causes Mass Shootings
First it was doors, now it’s the hunt for the connection between mass shootings and the legalization of marijuana. Fox News is doing its part in steering the discussion as far away from gun control as possible. On Tuesday’s The Ingraham Angle, Laura Ingraham attempted to revive reefer madness through an interview with Dr. Russell […]
Canaccord: Yamana Gold, Gold Fields Deal Is A “Surprise Combination”
On May 31, Gold Fields (NYSE: GFI) announced that they would be acquiring Yamana Gold (TSX: YRI) at a total valuation of US$6.7 billion, a 34% premium to the current stock price. Yamana shareholders will receive 0.6 of a Gold Fields’ share for each share of Yamana held, and the capital structure will be made […]