Coinbase Partners With BlackRock, World’s Largest Asset Manager, In A Bid To Court Institutional Investors
The world’s largest asset manager meets the world’s largest cryptocurrency exchange platform as BlackRock (NYSE: BLK) and Coinbase Global (Nasdaq: COIN) team up to widen the bridge between institutional investors and digital asset trading. The partnership essentially provides BlackRock clients an avenue to manage their portfolio–traditional securities and digital assets alike–all within the firm’s investment management […]
Beyond Meat Rallies 21% Despite Missing Estimates In Q2 2022, Announcing Job Cuts
Beyond Meat, Inc. (Nasdaq: BYND) released on late Thursday its Q2 2022 financial results, which saw the company post US$147.0 million in quarterly revenue. This is a marginal decrease from Q2 2021’s revenue of US$149.4 million and also misses the consensus estimate of US$151.0 million. Breaking down the topline quarterly figure, US operations contributed US$102.3 […]
Home Sales in Canada’s Hottest Real Estate Market Crash 47% in July
Canada’s largest real estate market does not appear to be having an energetic summer this year. Latest data from the Toronto Real Estate Board (TRREB) shows that home sales plummeted 47.4% from July 2021, as sales activity fell 24.1% month-over-month. With the Bank of Canada aggressively raising interest rates, many potential homebuyers decided to remain […]
Denison Mines Records $6.8 Million In Revenue, $16.1 Million Net Loss In Q2 2022
Denison Mines Corp. (TSX: DML) shared on Thursday its Q2 2022 financial results, highlighting a quarterly revenue of $6.8 million. This is an increase from Q2 2021’s revenue of $4.6 million. The mining firm touts that this includes the gain from selling around 40,000 U3O8 pounds–its share of production from the SABRE test mining program […]
Canada’s Labour Market Loses Over 30K Jobs in July as Economy Slows
Canada’s economy is shedding the quantitative easing momentum that was exorbitantly ejected throughout the Covid-19 pandemic. For a second straight month, the labour market lost tens of thousands of jobs, as 40 year-high inflation and rising interest rates took a bite out of what was a momentarily resilient economy. Latest data from Statistics Canada paints […]
‘Today We Pounce’: AMC Plummets 9.7% After Q2 2022 Financials, Leverages APE To New Preferred Equity Securities
AMC Entertainment Holdings, Inc. (NYSE: AMC) reported on Thursday its financial results for Q2 2022, earning US$1.17 billion in revenue–falling behind the consensus US$1.18 billion. The figure is an increase from Q1 2022’s US$785.7 million and Q2 2021’s revenue of US$444.7 million. “AMC just completed a spectacularly encouraging second quarter that boosts our mood and […]
Walmart Laying Off Corporate Employees Amid Dismal Profit Outlook
America’s bellwether retailer Walmart (NYSE: WMT) is downsizing its workforce, following a less-than-ideal profit outlook as surging inflation weathers away at consumers’ pocketbooks. According to the Wall Street Journal which cited a person familiar with the matter, Walmart started to lay off employees in corporate roles one week after warning of weakening margins. About 200 […]
Switzerland Bans Gold Imports From Russia
Switzerland, one of the world’s leading gold refiners, banned the import of Russian gold, aligning itself with similar announcements from the US and other Group of 7 countries. Switzerland’s Federal Council on Wednesday announced it will ban all imports of gold and gold products from Russia, in order to align with America’s and the EU’s […]
Emerita Resources Intersects 7.0 Metres Of 0.8% Copper At Romanera
The latest results are in for the ongoing drill program being conducted by Emerita Resources (TSXV: EMO) at its Iberian Belt West project, found in Spain. The latest results come from the Romanera and Infanta deposits, the former of which has become the major focus of the current program. The results consists of two holes […]
Mindmed To Conduct 15-To-1 Reverse Split To Meet Nasdaq Listing Requirements
In a classic Canadian small cap move, Mind Medicine (NEO: MMED) last night announced that it’s directors have approved a share consolidation. The consolidation follows an announcement in May that the company would be conducting an at-the-market financing to the tune of $100 million. The reverse split will see the company reduce its share count […]