Global Dividend Payments Soar to Record-High Thanks to Surging Energy Prices
Never let a good crisis go to waste! The post-pandemic energy crisis has sent oil and gas prices soaring, boosting energy companies’ profits and sending global dividend payments to shareholders surging to record-highs. Major oil and gas companies and particularly state-owned firms in Latin America reaped enormous profits amid the surge in energy prices, and […]
With Power Bills Set To Surge 80% In October, Energy Crisis Could Hurt UK Households More Than 2008 Crash
A majority of UK households risk energy poverty in the winter from soaring utility bills while energy suppliers are facing the threat of going out of business from being overwhelmed by bad debts, Bloomberg reports. Power bills are set to surge 80% starting October, as the price cap goes up, right on the verge of […]
Olaf Scholz Calls on Canada to Boost LNG Exports to Europe Despite Lacking Infrastructure to Receive Shipments
With a catastrophic energy crisis looming around the corner, Germany is calling on Canada to boost LNG exports to Europe, despite lacking infrastructure to receive such shipments let alone having a concrete plan on how to go about such a business case. In a television interview with CBC News, German Chancellor Olaf Scholz said he […]
New Vehicle Inventory May Be Up From Increased Production In July
New vehicle inventory in the United States is expected to go up 2.87% at the end of August, according to a report by ZeroSum, an automotive marketing software company. Based on data from The Federal Reserve, US car production hit 1.9 million in July, the highest since February 2021. The report also sees a dip […]
Pegasus Resources Identifies Multiple Radon Trends At Athabasca Basin Property
The results are finally in for Pegasus Resources (TSXV: PEGA) and their previously announced RadonEx surveys. The surveys took place at the firms Athabasca Basin uranium property in Saskatchewan, referred to as the Pine Channel Uranium Project. Pegasus cuts to the chase in today’s announcement, stating that in combination with historical geophysical work, the radon […]
Nvidia Slumps Before Rebounding Following Fiscal Q2 2023 Earnings Release Marred With Declining Income And Weaker Guidance
NVIDIA (Nasdaq: NVDA) announced Wednesday after the closing bell its financial results for the fiscal second quarter of 2023, ended July 31, 2022. The report highlights a topline revenue figure of US$6.70 billion, a decrease from Q1 2023’s revenue of US$8.29 billion but a marginal increase from Q2 2022’s revenue of US$6.51 billion. “We are […]
Businesses In Canada Don’t Want To Invest, New Study Reveals
A recent C.D. Howe Institute study revealed that business investment in Canada — which has been weak since 2015 — has pushed down investment per available worker to half of what it is in the United States. The study compares figures between Canada, the US, and countries that make up the Organization for Economic Cooperation […]
Dollar Tree Falls A Sharp 12% After Guidance Cut Reflects Family Dollar Price Drop
Dollar Tree, Inc. (Nasdaq: DLTR) released on Thursday its financials for the three-month period ended July 30, 2022. The store chain recorded revenue of US$6.77 billion in fiscal Q2 2022, down from Q1 2022’s US$6.90 billion but up from Q2 2021’s US$6.34 billion. It also missed the consensus estimate of US$6.79 billion. “Our second quarter […]
Soaring Electricity Prices Lead 20 Million US Households To Fall Behind On Utility Bills
The United States is facing a “tsunami of shutoffs” as 20 million households, or about 1 in 6 American homes, can’t afford to pay for their power bill, according to Bloomberg. The soaring price of electricity, amid a global energy crunch, has led to what the National Energy Assistance Directors Association (Neada) is said to […]
Amazon Care No More: Tech Giant Is Shutting Down The Health Service By End Of Year
Amazon.com, Inc. (Nasdaq: AMZN) is closing the doors of its roughly three-year old healthcare service Amazon Care. The business unit provided virtual and in-home health service initially for Amazon employees but has since expanded to cater corporate clients. In an internal email sent on Wednesday by Amazon Health Services senior vice president Neil Lindsay to […]