Eguana Tech Reports Q3 Revenues Of $2.3 Million, Highlights $27 Million Order Backlog
Eguana Technologies (TSXV: EGT) last night reported its third quarter financial results. The firm saw its revenues climb to $2.32 million, an improvement over both the prior quarter as well as the year ago period. Revenue was said to increase for the third quarter as a result of the the recent introduction of microinverters to […]
Beer Shortages in Europe? Surging Energy Costs are Shutting Down Fertilizer Plants… And Consequently Brewers
The European Union may not need to embark on burdensome efforts to cut down the use of fertilizer in the name of reducing emissions— it appears the region’s energy crisis will do all the work. The soaring cost of natural gas is forcing fertilizer plants across Europe to shutter output, sending ripple effects through numerous […]
Ifo Dip Shows Germany Is On Track For A Recession; Energy Prices Edge Closer To €700 per MWh
Germany’s in for a bitter winter. For Europe’s largest economy, it seems that the question isn’t about whether or not it’s headed for a recession, but rather about how long and deep this recession will be. The ifo Index has fallen for a third consecutive month, hitting 88.5 in August, coming from 88.7 in July. […]
In Poland, People Are Lining Up For Days To Stock Up On Coal For The Winter
Dozens of cars and trucks are lining up at the Lubelski Wegiel Bogdanka coal mine in Poland, many of them waiting for days and nights, to stock up on heating fuel ahead of winter. 3.8 million households in Poland use coal for heating. These households, like many of Europe’s, are facing shortages and price hikes, […]
Hedge Funds Have Materially Slowed Their Short Covering; Could Make a Further Rally in the Main Indices More Difficult
The S&P 500 Index and the NASDAQ Composite have rallied more than 11% and 14%, respectively, since June 16, 2022. Hedge funds’ first dramatically reducing short selling activity, and then covering shorts has played a significant role in this rousing recovery. The below graph shows that hedge fund shorting activity plunged to approximate four-year lows this summer […]
Jerome Powell at Jackson Hole: Fed Will Continue Raising Rates Regardless of Economic Pain
After finally coming to the realization that it will take a lot more than just hopes and dreams to cool inflation, a freshly re-energized Jerome Powell entered the annual Jackson Hole summit with a stern message: the Fed will not let off on its hawkish monetary policy regardless of the economic pain caused by rising […]
Hive Blockchain: Canaccord Remains Positive On Outlook
On August 26th, Canaccord Genuity Capital Markets’ raised their 12-month price target on Hive Blockchain (TSXV: HIVE) to US$7.00 from US$5.50 while reiterating their buy rating on the stock. They believe that HIVE continues to execute its plan and believe that the current setup is attractive for many reasons. Canaccord comments that on a macro […]
Looks Like Donald Trump Might Have Been Right About Germany Becoming “Totally Dependent” On Russian Energy
At the United Nations General Assembly on September 25, 2018, then-US President Donald Trump attempted to call out Germany for its reliance on Russian energy, and his claims were received by the German delegation with amusement and laughter. “Germany will become totally dependent on Russian energy if it does not immediately change course,” Trump said. […]
Baghad’s Green Zone Stormed by Protestors, US Embassy Officials Evacuated
A new bout of protests have enveloped Baghdad’s highly secure Green Zone, with reports of rockets landing near the US embassy, resulting in the evacuation of officials. According to AFP, protestors have gathered around the Green Zone, prompting an exchange of gunfire and even the deployment of riot control measures including water cannons. There were […]
Advocacy or Trend-Jacking? Brands Jump Into Lisa LaFlamme Bandwagon
At least two prominent brands have expressed their support for Lisa LaFlamme in the days following her dismissal from CTV National News. But is it advocacy or just a matter of leveraging opportunity? News outlets have purported that the cause for LaFlamme’s dismissal was age discrimination, particularly her decision to stop dyeing her hair when […]