Germany Raids Properties Linked to Climate Activists
German authorities have conducted nationwide raids on 15 properties associated with the Last Generation climate activist group. The raids were initiated by Munich prosecutors as part of an investigation into the group’s finances. Authorities shared that the properties searched were across seven German states, including four properties in Berlin, three in Bavaria, and three in […]
Nvidia Posts $7.2 Billion Revenue In Q1 2024, Rallies On $11-Billion Q2 Revenue Outlook
NVIDIA (Nasdaq: NVDA) announced Wednesday its financial results for the fiscal first quarter of 2024, ended April 30, 2023. The report highlights a topline revenue figure of $7.19 billion, an uptick from Q4 2023’s revenue of $6.05 billion but a decline from Q1 2023’s revenue of $8.29 billion. Refinitiv consensus estimates for the quarter put the firm’s […]
Aleafia Health Begins Strategic Review Process As Debt Comes Due
Lenders within the Canadian cannabis market appear to be nearing their wits end as they move to collect on well-past due debts. Aleafia Health (TSX: AH) appears to be the latest source of lender frustration, with the company having until May 31 to come up with the cash to settle a credit facility taken out […]
Max Resource Identifies New Copper-Silver Zone In Colombia
Max Resource Corp (TSXV: MAX) is reporting this morning that it has discovered a new copper-silver system at its CESAR project in northeastern Colombia. The discovery comes as the firm has been working on priority drill target selection.
CIBC, RBC, TD: Banks Dangle Dividend Increase As They Bear Credit Loss Provisions
A trend seems to be emerging as Canada’s biggest banks continue the earnings season for fiscal Q2 2023. Canadian Imperial Bank of Commerce (TSX: CM) started the second day of earnings week, reporting $5.70 billion in quarterly revenue. This is a decline from Q2 2022’s $5.93 billion. While reported net income jumped to $1.69 billion […]
New COVID Variant Sweeps China, Is North America Next?
Remarkably, the world could be facing another bout with COVID this year, and with negative COVID test requirements having been suspended for travel from China to Canada and the United States a few months ago, it seems possible that the virus could impact life in North America much more than it currently does. On May […]
Market Defies Expectations: Icahn Enterprises Faces $9 Billion Loss Following Failed Short Bets
Renowned activist investor Carl Icahn has conceded to making an erroneous prediction resulting in a massive loss nearing $9 billion over six years, due to a poorly-timed expectation of a market crash. Icahn Enterprises had been strongly wagering on a market downturn since the 2008 financial crisis via shorting major market indices, large companies, commercial […]
Rocket Mortgage Launches 1% Down Home Loan Program
Rocket Mortgage (NYSE: RKT) has launched a new 1% down home loan program called ONE+. The program is designed to make homeownership more affordable for millions of low-to-moderate-income Americans. With ONE+, homebuyers are only required to make a down payment of 1% of the purchase price. Rocket Mortgage will cover the remaining 2% needed to […]
Elon Musk Claims Twitter Verification Is Necessary to Combat Manipulation … A Day After the Pentagon “Explosion”
Speaking at The Wall Street Journal’s CEO Council Summit yesterday, Twitter owner Elon Musk emphasized that Twitter verification, which can be obtained through an $8/month subscription, makes creating accounts to spread misinformation more difficult. Except just a day before, the opposite of what he said sort of happened. On Monday, news of an explosion near […]
France Implements Ban on Short Domestic Flights
France has officially implemented a ban on short domestic flights that can be completed by train within two-and-a-half hours. The decree, signed into law on Tuesday, was announced by Transport Minister Clement Beaune, who hailed it as a crucial step in reducing greenhouse gas emissions and a significant symbol in their environmental policies. Critics argue […]