Snap Plummets Following Disappointing Forecast
Snap Inc. (NYSE: SNAP), the parent company of Snapchat, experienced a significant stock decline of over 19% following the release of its second-quarter guidance, which fell short of analysts’ expectations. While Snap’s second-quarter results exceeded analysts’ estimates, the company’s forecast for the current period disappointed. Overall sales for Q2 decreased by 4% compared to the […]
X (fka Twitter) Warns Brands They Would Lose Checkmarks If They Don’t Advertise
X, the social media platform formerly known (and still is to many) as Twitter, has been bending over backwards to improve its revenue stream in an attempt to plug the losses it is taking in since Elon Musk took over. X Corp., the platform’s parent firm is making changes to its verification process, informing advertisers […]
Loblaw Saw Earnings Jump 31% In Q2 2023 Amid Food Inflation
Loblaw Companies (TSX: L) reported its second-quarter financial results, which showed robust growth in both earnings and revenue, despite the ongoing rise in grocery costs for consumers across the country. For the three months ending on June 17, the company reported a net income of $508 million, equivalent to $1.58 per share. This represented a significant […]
First Phosphate Releases PEA Outlining After-Tax NPV (5%) Of $511 Million For Lac a l’Orignal
First Phosphate (CSE: PHOS) this morning delivered a positive preliminary economic assessment for its flagship Lac a l’Orignal property, months ahead of schedule.
UPS and Teamsters Union Avert Strike with Landmark Labor Agreement
UPS (NYSE: UPS) and the Teamsters union have reached a tentative five-year contract agreement for its some-340,000 workers, staving off a potentially disruptive strike. This comes after a protracted negotiation period— briefly interrupted in early July— with a deal finally announced just six days before the planned strike. The new contract sees UPS proposing a […]
‘Barbenheimer’ Craze Fuels Record-Breaking Box Office Weekend for Cineplex
Cineplex (TSX: CGX) declared a record-breaking box office weekend driven by the premiere of two of the summer’s hottest films, Barbie and Oppenheimer. Generating over $19 million in revenue and attracting 1.4 million spectators, the films broke the company’s highest summer box office record as over 80,000 eager Barbenheimer fanatics opted to watch both films […]
SFPD Stops Twitter Signage Removal Over Permit Issue
On Sunday, Twitter owner Elon Musk told an unknown speaker in a Twitter Spaces chat that they will soon be “cutting the Twitter logo off the building with blow torches.” Come Monday, there were no blow torches, but a crew came out to the company’s San Francisco headquarters on Market St. to take down the […]
“Run For Your Life”: Ex-Employees Bare Aritzia’s Discriminatory And Exploitative Culture
Aritzia (TSX: ATZ), the prominent fashion brand celebrated for its chic appeal and high-profile clientele, has come under scrutiny following allegations of discriminatory practices and fostering a culture of fear, according to accounts from former employees in a Business Insider piece. Founded and led by Brian Hill, the multibillion-dollar company’s success is undeniable, but some […]
X Complicated: Microsoft, Meta Already Own Trademarks to Twitter’s New Brand Name
Elon Musk’s decision to rebrand Twitter as X could potentially lead to more legal woes for the platform, as several companies, including Meta and Microsoft, hold existing intellectual property rights to the new single-letter brand name. Threads owner Meta (Nasdaq: META) owns the trademark to a stylized version of the letter “X” for “online social […]
Rich Kids Are Twice More Likely To Be Admitted At Elite Universities: Study
A recent study conducted by Opportunity Insights, a research group comprised of Harvard researchers and policy analysts studying inequality, has shed light on the unequal admissions landscape of elite universities in the United States. According to the study, children hailing from the top 1% of financially well-off families are more than twice as likely to […]