MicroStrategy Records A Whopping US$1.06 Billion Net Loss In Q2 2022 Due To ‘Crypto Winter’
MicroStrategy (Nasdaq: MSTR) just felt the brunt of the crashing bitcoin prices on the firm’s bottomline. The company announced on Tuesday its Q2 2022 financial results toplined by a quarterly revenue of US$122.1 million, down from Q2 2021’s US$125.4 million. But this is overshadowed by the biggest decline in its financials; the firm recorded a […]
AbraSilver Makes New Discovery After Intersecting 346 g/t Silver Over 87 Metres
A fresh discovery has been made by AbraSilver Resource Corp (TSXV: ABRA) at its flagship Diablillos property in Argentina. The firm has identified a new high grade silver zone outside of current mineral resources on the property. The new zone is found 500 metres to the southwest of the Oculto zone, and was discovered via […]
QYOU Media Set To Launch New Channel Focused Exclusively On Gaming
QYOU Media (TSXV: QYOU) this morning indicated it is entering a slightly different vertical. While remaining focused on its target audience, the company intends to take advantage of the rising popularity of gaming, and will be launching a television channel focused exclusively on gaming. Referred to as Q GameX, the channel will feature streams of […]
Michael Saylor Steps Down as CEO of MicroStrategy
This afternoon after the bell Michael Saylor officially stepped down from his role as the CEO of MicroStrategy (NASDAQ: MSTR) . He will take on the role of executive chairman. Phong Le, MicroStrategy’s current president, will take Saylor’s place as CEO. In the company news release he said, “I look forward to leading the organization for […]
Robinhood To Cut 23% Of Its Workforce
Robinhood Markets (NASDAQ: HOOD) is the latest tech firm to undergo a workforce reduction and restructuring. The reductions were announced this evening as a part of the firms second quarter financial results. The workforce reductions are expected to impact a total of 780 employees, with the restructuring to result in the closure of two separate […]
McDonald’s: BMO Lifts Target To $285 After Q2 Results
On July 26th, McDonald’s (NYSE: MCD) reported its second quarter financial results. They announced that revenues dropped by 3% year over year to $5.72 billion even though global comparable sales grew 10%. At the same time, systemwide sales grew 4% or 10% in constant currencies. The company notes that sales would have increased by 3% […]
Former NBA Star To Launch $1 Billion Investment Fund
Metta Sandiford-Artest, the retired NBA player who was once called Metta World Peace, is reportedly planning to start a new investment fund for his Artest Management Group, and he is targeting US$1 billion. The news was first reported by Bloomberg, and they referred to its source as a person familiar with the matter who asked […]
SSR Mining Rallies 3% Momentarily After Beating Q2 2022 Estimates
SSR Mining Inc. (TSX: SSRM) reported today its financial results for the second quarter of 2022, highlighting a quarterly revenue of US$319.6 million. This is a decline from Q2 2021’s revenue of US$377.0 million but beat the street estimate of US$292.6 million. “The second quarter of 2022 demonstrated the continued resilience of our globally diversified […]
TD Bank Buys US Investment Bank Cowen for $1.3 Billion
Canadian-based Toronto Dominion Bank (TSX: TD) is expanding its presence even further into the US economy, this time by purchasing New-York based investment bank Cowan (NASDAQ: COWN) for US$1.3 billion. The cash deal, which amounts to around CAD$1.67 billion, marks the second major US purchase by TD, as the Canadian bank makes further efforts to […]
PayPal: Analysts Call For Earnings Per Share Of $0.86 For Q2 2022
PayPal Holdings (NASDAQ: PYPL) will be reporting its second quarter financial results today after market close. Analysts have a consensus $112.37 12-month price target on the company, via a total of 51 analysts, with nine analysts having strong buy ratings. 27 analysts meanwhile have buy ratings, 14 analysts have hold ratings and a single analyst […]