Bud Light Sales Continue to Deteriorate, AB InBev Tries to Appease Distributors
Bud Light is seeing a continuous drop in sales since it launched a marketing campaign with transgender rights advocate, actress, and TikTok star Dylan Mulvaney. The beer’s in-store sales plummeted more than 26% in the week ending April 22, up from 17% in the week ending April 15 compared with the same period the year […]
Loblaw Q1 2023 Financials: Revenue Jumps, Profits Decline, $383 Million In Buybacks
Loblaw Companies (TSX: L) reported 6% growth in first-quarter revenues, boosted by robust demand for necessities such as food and medications. The topline figure ended at $13.0 billion, jumping from Q1 2022’s $12.26 billion but falling shy of the analysts’ estimates of $13.17 billion. This is however, a drop from Q4 2022’s $14.0 billion. “In the […]
The Kremlin Claims That Ukraine Attempted to Assassinate Putin On Tuesday Evening
Russia has accused Ukraine of launching a drone attack on the Kremlin on Tuesday evening. In a statement published on Wednesday, the Kremlin claimed that two drones had been used in a planned terrorist attack to assassinate Russian President Vladimir Putin, but the drones had been disabled by Russian forces. “Two unmanned aerial vehicles were […]
Power Leaves Completes Coca Leaf Extract Facilities, Set To Begin Export In Q2 2023
Power Leaves Corp has completed the construction on its three facilities in Colombia used for the manufacture of decocainized coca extract. The completion of the facilities enable the firm to begin export of its product to global markets.
Mullen Automotive Reports $263 Million In Outstanding Purchase Orders
Mullen Automotive (NASDAQ: MULN) this morning is claiming that it has over $263 million in outstanding purchase orders to fill for its Class 1 and Class 3 EV cargo vans and trucks. The figure follows the firm yesterday receiving another order pegged at $63 million. The latest order, which was announced mid-day yesterday, is reportedly […]
DiagnaMed Unveils First Commercial AI Product For Healthcare Industry, FormGPT
DiagnaMed Holdings (CSE: DMED) has launched its first commercial product under its initiative to bring artificial intelligence to the healthcare industry. The initiative is currently focused on using AI to improve patient outcomes, operational workflow, and efficiency within the industry.
Chegg Says That ChatGPT Has Started To Negatively Affected Its Business
For the third time in the last seven quarters, Chegg, Inc. (NYSE: CHGG), a leading e-learning firm that provides homework help to students, discussed a negative development in the online education industry. Specifically, in his remarks on 1Q 2023 results released after the close on May 1, CEO Dan Rosensweig said that beginning in March 2023, […]
Short-Seller Hindenburg Squares Up With Carl Icahn’s “Ponzi-Like” Enterprise
Carl Icahn, the well-known activist investor who has made a career out of creating corporate brawls, came under fire Tuesday after Hindenburg Research reported a short call against his investment firm. The short-seller alleged that the billionaire investor’s holding company Icahn Enterprises (Nasdaq: IEP), fraudulently pumped up its stock price by 75% with a “ponzi-like […]
New Docs Reveal Jeffrey Epstein Had Meetings with CIA Director, Former White House Lawyer, and More
The late convicted sex offender Jeffrey Epstein is known to have had met with prominent individuals including Wall Street financiers, Nobel prize-winning scientists, and Microsoft co-founder Bill Gates, according to court documents and reports. Now, The Wall Street Journal has revealed that Epstein also met with William Burns, who was the deputy secretary of state […]
Tesla Critic Sees Elon Musk Settle Lawsuit For $10,000: “The World Is Now Recognizing He Is A Charlatan”
According to counsel for the plaintiff, Elon Musk agreed to pay $10,000 to settle a defamation case filed by a Tesla Inc. critic who became a hero among short sellers with his Twitter tweets and then accused the CEO of smearing him with false allegations that he threatened the electric car maker’s employees. Randeep Hothi […]