CarMax Fiscal Q3 2023: Revenue Falls 23.7%, Net Earnings Slump 86.1%, Share Buyback Paused
CarMax, Inc. (NYSE: KMX), America’s largest retailer of used cars, is seeing a continuation of its downward trend as the firm reports its fiscal Q3 2023 financials. The car retailer posted $6.51 billion in revenue, a decrease from Q2 2023’s $8.14 billion and Q3 2022’s $8.53 billion. Total retail used unit sales fell 20.8%, while […]
Curaleaf, Founders Funded By Russian Oligarch Roman Abramovich – Leaked Documents
According to leaked documents, an offshore corporation run by Russian oligarch Roman Abramovich invested hundreds of millions of dollars in the US marijuana market and secretly funded top shareholders of Curaleaf Holdings, Inc. (CSE: CURA). Recently leaked information from Cyprus show that Abramovich’s company–a British Virgin Islands-registered firm, Cetus Investments–invested in a slew of American […]
Market Movers: Colonial Coal Tumbles After Glencore Sees Mine Permit Rejected By Government Of Canada
Colonial Coal International (TSXV: CAD) took a nose dive yesterday, falling 23.9% to $1.05, on 1.72 million shares. The fall from grace, which added to a continued decline in share price from highs of $3.08 earlier this year, is believed to be in relation to the nearby Sukunka Mine, a proposed project by Glencore Canada, […]
Trillion Reports Production Results For November
Trillion Energy (CSE: TCF) yesterday revealed its production results for the SASB gas field found in Turkey for the month of November. At the same time, the company indicated its revenue profile for the month off the back of those production numbers. Revenue for the month of November is expected to come in at US$1.2 […]
Canada is Closed for Business: Liberals Scrap Proposed BC Mining Project Due To Caribou, Grizzly Populations
Canada’s federal government is scrapping a proposed mining project in BC, ultimately hindering Canada’s energy exports during a time of heightened global energy insecurity. Following deliberations with indigenous groups, the public, and scientific experts, Ottawa decided not to proceed with the Sukunka Coal Mine Project, an open-pit coal mining operation and processing plant proposed by […]
Were Traders Tipped Off About Maxar’s Buyout?
On December 16, Maxar Technologies (TSX: MAXR) announced that it would be acquired by Advent International for $6.4 billion in an all-cash deal. Advent International is one of the largest groups of private equity investors. The deal is expected to close in mid-2023 but is subject to a number of closing conditions, including the receipt […]
TikTok Parent ByteDance Admits Tracking Location Of Journalists Covering The Firm
ByteDance has confirmed that it utilized TikTok to track journalists’ whereabouts using their IP addresses. The Chinese tech firm conducted an internal investigation and discovered that employees tracked multiple journalists covering the company, improperly gaining access to their location and user data in an attempt to determine whether they had been in the same locations […]
Tesla’s Elon Musk Picks Fight With Ross Gerber; Blames Fall On The Fed
Tesla’s (Nasdaq: TSLA) fall from grace is resulting in the loss of confidence amongst even the most ardent of supporters, with the latest being that of long-time Musk fanboy Ross Gerber, whom on Monday squared off with Musk. The focal point of Gerber’s rant was something that many have been highlighting as one reason for […]
The Taliban May Have Quietly Banned Girls From Elementary Schools A Day After Closing Universities To Women
The Taliban on Wednesday reportedly banned girls from attending elementary school, a move that effectively closes the door on all levels of education to female Afghans. The ban was reportedly announced in a gathering in Kabul, the country’s capital, as part of a package of new restrictions for women, according to a report by the […]
Sam Bankman-Fried Agrees To $250 Million Bond, Home Detention Under Bail Conditions
Details are emerging on the bail terms for the disgraced Sam Bankman-Fried following his extradition from The Bahamas. Bankman-Fried reportedly appeared at a U.S. courtroom earlier today to be heard on fraud charges, after arriving in the country last night. US prosecutor Nicolas Roos maintained that SBF conducted a “fraud of epic proportions,” and that […]