Ford’s EV Business Operating Loss Signals Hard Road Startups Face to Achieving Profitability
On May 2, Ford Motor Company (NYSE: F) reported 1Q 2023 earnings results which included a fairly detailed breakdown of the revenue and profitability of its three business segments — the electric vehicle manufacturing business (Ford Model e), the legacy internal combustion engine (Ford Blue) operations, and the commercial vehicle (Ford Pro) business. Most interestingly, Ford’s electric vehicle […]
QYOU: Record-Breaking Revenue Growth — With Curt Mavis
Joining us today on the Daily Dive is frequent guest Curt Marvis, CEO and Co-founder of QYOU Media (TSXV: QYOU). Curt sits down with us this afternoon to discuss artificial intelligence and its impact on advertising, updated IT laws in India, and whether Twitter can be a one-stop shop for content creators. We then transition into a discussion on QYOU’s recent revenue jump and where revenue is derived from, its recent entrance to the gaming sector, and what investors can watch for in 2023.
Western Alliances Denies Reports From Financial Times That It’s Exploring A Sale
Regional banks in the United States continue to struggle, despite comments by Federal Reserve Chair Jerome Powell yesterday that the US banking system is “sound and resilient.” Western Alliance (NYSE: WAL) is the latest such bank to falter, with the Financial Times reporting this morning that the bank was exploring a potential sale, which it […]
Bankrupt FTX Sues Bankrupt Genesis To Recover $4 Billion It Doesn’t Have
As part of its efforts to recover value for creditors, cryptocurrency exchange FTX is attempting to recover about $4 billion from similarly insolvent crypto lender Genesis and a still-solvent British Virgin Islands-based firm. Lawyers for FTX demanded $1.8 billion in loans and a $273 million collateral commitment allegedly issued to Genesis by FTX’s sister trading […]
Shopify Jumps 28% After Announcing 20% Job Cuts, Sale Of Delivery
Shopify Inc. (NYSE: SHOP), a burgeoning competitor to Amazon, is selling the two largest elements of its fulfillment network and relinquishing its logistics ambitions. In addition, the company is laying off around 20% of its global workforce. Shopify also published first-quarter numbers on Thursday, revealing that the company’s bottom line is still struggling. Shopify reported […]
Total Helium To Resume Trading Monday After Closing On Stake In Pinta South Project
Total Helium (TSXV: TOH) is expected to resume trading on the TSX Venture Exchange on Monday following a several week halt. The halt was put into place in late March, following the news that the company would be entering into a major joint venture for large scale helium production in Arizona.
PacWest Mulls Sale Hours After Fed Chief Says US Banking System “Sound And Resilient”
According to people familiar with the situation, PacWest Bancorp (NASDAQ: PACW), a regional bank teetering after the failure of three competing California-based lenders, has been considering a variety of strategic options, including a sale. The Beverly Hills-based bank has been reportedly working with a financial adviser and has been discussing a breakup or a capital […]
Canadian Tire To Rebrand 200+ Fuel Stations To Petro-Canada Banner
There’s about to be a lot less Canadian Tire Corp (TSX: CTC) gas stations in Canada. The company last night announced a new partnership with Suncor’s (TSX: SU) Petro-Canada that will see hundreds of Canadian Tire Gas+ locations rebranded to the Petro-Canada banner. The partnership appears to be based around Canadian Tire securing a competitive […]
HydroGraph Estimates Hyperion Graphene Production To Be Among Lowest CapEx In Industry
FULL DISCLOSURE: This is sponsored content for HydroGraph Clean Power. A key milestone has been reached by HydroGraph Clean Power (CSE: HG) in the development of its patented Hyperion System, which has been designed to produce high-purity graphene. The milestone is said to be related to the ability to produce commercial scale-quantities of graphene. The […]
Is Desalination Absurdly Cheap, As Elon Musk Claimed?
Elon Musk, the chief executive of Twitter, SpaceX, Tesla, and Neuralink, found time in his busy schedule to be a guest of HBO’s Real Time With Bill Maher. Among the glancing discussions on the billionaire’s recent antics, his management style, and the so-called “woke virus”, Maher and Musk side tripped into desalination as the businessman […]