Berlin Doesn’t Hate Nuclear Anymore? Mixed Messages on Future of Germany’s Nuclear Power Plants
It appears that Germany no longer hates nuclear power, and will postpone the forthcoming closure of its remaining power plants amid an energy crisis that is becoming embedded into Europe’s economy as the war in Ukraine rages on. In what could only have been a myopic impediment in failing to see that Europe’s energy policy […]
Galaxy Digital: BMO Cuts Price Target To $14 After BitGo Purchase Falls Apart
Galaxy Digital (TSX: GLXY) yesterday announced that it would be terminating its acquisition of BitGo due to BitGo’s failure to deliver its 2021 audited financial statements by July 31, 2022. Commenting on the termination, Galaxy stated that it remains focused “on executing its business objectives and driving long-term performance for investors.” This includes rolling out […]
Canadian CPI Slows to 7.6% in July… But Only Because of Lower Gasoline Prices
Hurrah! Canadians are finally getting a break from surging consumer prices, as the latest CPI print decelerated from a jaw-dropping 8.1% annual gain in June to only 7.6% in July. What a relief! Well, not so fast. The deceleration was only the result of a slower year-over-year gain in gasoline prices, as consumers paid 9.2% […]
PyroGenesis Plummets 14% Following Q2 2022 Financials Release
PyroGenesis Canada Inc. (TSX: PYR) shared on late Monday its financial results for Q2 2022, highlighting a quarterly revenue of $5.8 million. This is a decrease from Q2 2021’s revenue of $8.3 million. Breaking down the topline revenue figure, the company’s Drosrite technology contributed $0.4 million, Purevap generated $0.7 million sales, torch-related sales amounted to […]
Trevali Mining Unable To Make Debt Payments Due Tomorrow, Cuts Guidance At Caribou Mine
Trevali Mining (TSX: TV) appears to be in a world of hurt following a series of unfortunate events occurring at its mine sites. The firm reported its second quarter financial results this morning, which were highlighted by the fact that the company does not currently have the means to make required payments on its debt […]
Verses Tech Becomes Newest Member Of Digital Twin Consortium
The Digital Twin Consortium has added its newest member. Verses Technologies (NEO: VERS) this morning revealed it has become a member of the international organization. The organization aims to create partnerships between users working with digital twins across the tech sector, as well as in government, academia, and industry. Digital twins, as the name suggests, […]
Verano Sees Expenses Climb Substantially In Q2
Verano Holdings (CSE: VRNO) has released its latest financial results as of this morning, reporting revenue of $223.7 million for the quarter ended June 30. While the firm managed to push its topline figure higher, in the process the company saw its costs climb even higher. Revenue for the quarter increased 10.6% from $202.2 million […]
FTC Looks Into Rulemaking To Rein In Big Tech’s Commercial Surveillance Practices
The Federal Trade Commission announced on Thursday its Advance Notice of Proposed Rulemaking (ANPRM) set to explore rules on how to crack down the “harmful commercial surveillance and lax data security.” In a 3-2 vote, the agency launched the notice that will seek “public comment on the harms stemming from commercial surveillance and whether new […]
‘The Big Short’ Michael Burry Sells Entire US Portfolio, Except Only One Stock in Q2
Does Michael Burry know something the rest of us don’t? After successfully waging against subprime mortgages leading up to the 2008 financial crash, the Scion Capital owner warned last week that “the silliness is back,” and that asset prices that became inflated during the Covid-19 area are slated for a hard crash. As such, Burry […]
Meta’s New AI Chatbot Said That Mark Zuckerberg’s Company ‘Exploits People For Money’
BlenderBot 3, Meta Platforms’ (NASDAQ: META) latest artificial intelligence-powered chatbot was recently released for a public demo, and it had some choice words about CEO Mark Zuckerberg. The chatbot, according to a Meta blog post, was trained using “a large amount of publicly available language data.” BlenderBot 3 is also supposed “to learn from conversations […]