Sigma Lithium Is Holding Discussions With Multiple Potential Acquirers
On July 28, Sigma Lithium Corporation (TSXV: SGML), which owns 100% of the Grota do Cirilo hard rock lithium project in Brazil, announced that it is working with Bank of America to coordinate discussions with companies interested in acquiring it. The level of third-party interest in Sigma may be substantial; Sigma CEO Ana Cabral Gardner has […]
General Motors EV Production Figures in 1H 2023 Were Weaker Than Expected
On July 25, General Motors Company (NYSE: GM) reported better than expected 2Q 2023 results. Diluted 2Q 2023 EPS was US$1.91, beating analysts’ consensus projections of US$1.85. GM recorded US$1.14 of adjusted diluted EPS in the year-ago period. Similarly, 2Q 2023 revenue of US$44.7 billion handily exceeded both 2Q 2023 analysts’ projections (US$42.6 billion per Refinitiv) and 2Q 2022 levels […]
Meme Stocks Soar: A Sign of Solid Momentum in the Market or a Top?
The ability of investors, particularly retail investors, to shrug off the intense pain experienced in high valuation stocks from November 2021 through October 2022, and gamble that those same names will rebound has been a hallmark of the remarkable and now broadening rally in the stock market this year. Most investors would probably not be […]
Is The Recession Here? Swimming Pools And RVs Sales Are Telling A Tale
As the market keeps charging ahead, investors have decided to brush off any news that does not comport to the now-consensus economic orthodoxy that a recession will be avoided in the U.S. and Canada. A key element underlying this projection is that stronger-than-expected employment levels will prompt consumers, particularly high-end consumers, to continue spending, even […]
Volkswagen’s Investment In Xpeng Could Be A Template For Future EV Deals
Volkswagen’s July 26 announcement that it will invest US$700 million to gain an approximate 5% in Chinese electric vehicle (EV) maker Xpeng looks like a win-win transaction for both parties. Xpeng shares soared 34% on the news. A near-term benefit for VW is that VW/Xpeng plan to jointly develop two new EVs for the Chinese market under the […]
Steven Crowder’s C*ck is a Joke
Self-made talking head Steven Crowder is the star in the middle of a solar system that occupies its own sector of the conservative media universe. His internet video talk show Louder with Crowder is wall to wall indignant loudmouth can-you-believe-what-these-libs-are-up-to-now-? stuff for about an hour, nearly every day. Gun owners’ rights, immigrants ruining America, right […]
Dark Money Operation Revealed? “Reporter” Requests Millions of Voter Signature Cards in Georgia
Twitter user Fred Wellman has uncovered that a man named Vince Espi, who claims to be a reporter for the Peach Tree Times, has submitted a massive FOIA (Freedom of Information Act) request for all 7 million voter signature cards in Georgia. This request raises serious concerns about potential malicious intentions and the security of […]
Jack Dorsey Isn’t So Pleased About Sam Altman’s Eye-Scanning Crypto Project
Tech and cryptocurrency communities are abuzz with discussions about the ambitious Worldcoin project, co-founded by OpenAI CEO Sam Altman, and Alex Blania. The startup’s vision is to “increase economic opportunity” and distinguish humans from AI, but it has been met with mixed reactions, with some notable personalities raising eyebrows about its centralization, privacy and security. […]
Ford: Consumers Just Don’t Want EV’s Yet
After the market closed on July 27, Ford Motor Company (NYSE: F) reported 2Q 2023 financial results which beat analysts’ forecasts on all key metrics. Specifically, 2Q 2023 EPS, revenue, and operating income totaled US$0.72, US$45 billion, and US$3.8 billion versus consensus projections of US$0.54, US$43.2 billion, and US$3.2 billion, respectively. However, investors have pushed the stock […]
Is The Rich Ready For Their Tax? House Democrats Introduce OLIGARCH Act
A group of progressive U.S. lawmakers unveiled a comprehensive plan on Wednesday aimed at tackling the alarming issue of wealth inequality in the country. The Oppose Limitless Inequality Growth and Reverse Community Harms (OLIGARCH) Act, introduced by Representatives Barbara Lee (D-Calif.), Summer Lee (D-Pa.), Rashida Tlaib (D-Mich.), and Jamaal Bowman (D-N.Y.), centers around a wealth […]