Lisa LaFlamme was ‘Blindsided’ by CTV Contract Cancellation
Long-time anchor Lisa LaFlamme has taken to social media to speak out following Bell Media’s abrupt cancelation of her contract with CTV National News. According to a press release published by Bell Media, LaFlamme’s position as Chief News Anchor was terminated as the company looks to take the role in “a different direction” with respect […]
WeWork To WeHome? Adam Neumann’s New Residential Real Estate Venture Gets Fresh US$350 Million From Andreessen Horowitz
Despite whatever happened to former WeWork (NYSE: WE) CEO Adam Neumann’s plan to tokenize carbon credits through his tech firm Flowcarbon, he has come back–this time, to “solve” the shelter problem. Venture capital giant Andreessen Horowitz announced on Monday its move to invest in Neumann’s new residential real estate venture Flow. “The residential real estate […]
Donald Trump Claims His Passports Were Seized During Mar-a-Lago Raid
Former President Donald Trump is accusing the FBI of stealing his passports during their raid at his Mar-a-Lago residence last week. “Wow. In the raid by the FBI of Mar-a-Lago, they stole my three Passports (one expired), along with everything else. This is an assault on a political opponent at a level never before seen […]
China Unexpectedly Cuts Rates Amid Weakening Economy
China, which plays an important role in upholding the global economy, appears to be suffering from a demand slump. Latest data shows the country’s retail and factory activity unexpectedly slowed last month, prompting the central bank to abruptly cut its two key lending rates in an effort to revive the economy. The world’s second largest […]
Over 60,000 People Sign Petition To End Canada’s Telecom Oligopoly
Canadians are calling on the Canadian Radio-television and Telecommunications Commission (CRTC) to end the domination of Rogers Communications Inc. (TSX: RCI.B), BCE Inc (TSX: BCE) and Telus Corporation (TSX: T) over the country’s telecommunications industry. The campaign, in the form of a Change.org petition started by Nicole Goodmurphy-McCallum, has gathered over 60,300 signatures so far. […]
Lithium Americas: Production At Flagship Project Could Commence Before Year-End
In late July, Lithium Americas Corp. (TSX: LAC) reported 2Q 2022 results. The most important segment of the release was a refinement of the company’s mid-March disclosure that the flagship Cauchari-Olaroz lithium brine project in Argentina will start commissioning in the second half of this year. Indeed, in a slide in its investor presentation, Lithium Americas now expects “early-stage […]
Cineplex: BMO Reiterates Targets Despite Earnings Missing Consensus
Cineplex Inc. (TSX: CGX) reported its second quarter financial results last week. The company announced revenues of $349.9 million, up from $228.72 million last quarter or up 53% sequentially. The move theatre’s gross profits increased 86% sequentially to $182.54 million, while reporting the first positive net income since the pandemic started. Adjusted EBITDA meanwhile came […]
Newsflash, Boomers: Teens Prefer YouTube, TikTok Over Facebook
A new survey verifies what many already suspect: American kids don’t like Facebook all that much. Pew Research Center recently released the results of its survey of teenagers ages 13 to 17 in the United States. The results show that Chinese-owned TikTok has become the top social media platform for this demographic, with 67% of […]
Trump Claims Documents Found In Mar-o-Lago Were Declassified, But Does It Matter?
The recently unsealed seven-page document which includes the warrant to search former President Donald J. Trump’s Mar-o-Lago property in Florida reveals that agents of the Federal Bureau of Investigation were able to retrieve 11 sets of classified documents, among other things. The three-page list includes four sets of top secret documents, three sets of each […]
Sundial Growers Sinks 7% Following “Record” Revenue, Wider Net Loss In Q2 2022; Rebrands To SNDL
SNDL Inc. (Nasdaq: SNDL) reported on Friday its Q2 2022 financial results. The firm recorded quarterly net revenue of $223.7 million, up from Q1 2022’s $17.6 million and Q2 2021’s $9.2 million. Gross margin increased to $43.1 million from the losses of $3.4 million and $2.8 million in the previous quarter and year-ago period, respectively. But […]