Enphase Energy: High Interest Rates Bite Into Solar Sales
On April 25, Enphase Energy, Inc. (NASDAQ: ENPH), the world’s leading supplier of micro inverter-based solar and battery systems used in solar power generating systems, reported solid 1Q 2023 results. Revenues reached US$726 million, up 65% from the year-ago period. Adjusted diluted EPS (which adds back stock-based compensation expense and excludes one-time items) similarly jumped to US$1.37 […]
First Republic Bank: JPMorgan, PNC Reportedly Bidding On Assets Amid Rumored FDIC Seizure
The US banking sector is not yet out of the woods when it comes to the failure of regional banks it seems. On Friday, Reuters reported that the US Federal Deposit Insurance Corporation, or FDIC, was preparing to place First Republic Bank (NYSE: FRC) into receivership imminently. Reported after hours on a day where First […]
Deepfake Defense? Court Orders Elon Musk To Answer Under Oath Autopilot Questions In Tesla Fatal Car Crash
Elon Musk has been compelled to give a deposition in a lawsuit accusing Tesla’s driverless technology of causing a fatal collision, after the carmaker said the chief executive’s public claims regarding autopilot could have been deepfaked. Judge Evette Pennypacker of Santa Clara County Superior Court stated Tesla’s case for why its wealthy CEO should not […]
500 PSAC Workers Hold Demonstration at Toronto Pearson, Passengers Warned to Plan for Delays
Toronto Pearson International Airport on Thursday warned passengers to anticipate disruptions and possible delays as hundreds of members of the Public Service Alliance of Canada (PSAC) held a demonstration. Roughly 500 striking workers gathered at Terminal 1 departures for the demonstration, held from around 10 a.m. until noon. Rachel Bertone, a spokesperson for the Greater […]
If Russian Pranksters Can Impersonate A Ukrainian President And Trick Fed Chair Jerome Powell, What Now?
According to video released on Russian state television, Federal Reserve Chairman Jerome Powell spoke with a couple of Russian pranksters portraying themselves as Ukrainian President Volodymyr Zelenskyy through a deepfake application. The video shows Powell answering questions on themes ranging from the prospects for inflation to the Russian central bank, apparently thinking he was speaking […]
Kevin O’Leary: The Shameless Capitalist We All Love To Hate
In the illustrious world of self-proclaimed investment gurus, few figures cast a longer shadow than Kevin O’Leary. This Canadian entrepreneur, famed for his role as a judge on Shark Tank, has spent years cultivating an image as a sophisticated investor, commanding the awe and trust of his audience. Like Tony Robbins or Gary Vaynerchuk, Kevin […]
Coinbase’s “Wells Response” Vs. SEC: Is The Crypto Firm Digging Its Own Grave?
Coinbase Global (NASDAQ: COIN) announced Thursday that it has responded to the Securities and Exchange Commission’s (SEC) Wells Notice, encouraging the agency not to pursue enforcement action against the business for the sake of the SEC. In its Wells submission in response to SEC’s issuance of its infamous Wells notice, Coinbase warned that “if the […]
AMC Agrees To Settle Class Action Suit But Denies Any Wrongdoing
AMC Entertainment (NYSE: AMC) finally formally filed its settlement documents with the Delaware Court of Chancery, offering to settle the class action lawsuit filed by shareholders that would allow it to issue stock, raise capital, convert its APE units and go ahead with a 10-for-1 reverse stock split. The settlement offer was put forth earlier […]
Pierre Poilievre Declined CBC News’ 2022 Request to Discuss Threats to ‘Defund’
CBC-Radio Canada President and CEO Catherine Tait requested to meet with Conservative Party leader Pierre Poilievre to “discuss the implications” of his promise to defund the network, a letter from November 29, 2022 shows. In the letter, which was obtained by Blacklock’s Reporter, Tait expresses her disappointment over then newly-elected Poilievre declining to meet. “Given […]
US Credit Card Debt Is At An All-Time High
The latest report from the New York Fed’s Center for Microeconomic Data indicates that US credit card debt ballooned to $986 billion in the fourth quarter of 2022, the highest total since the New York Fed began tracking in 1999. The figure went up by $61 billion from the previous quarter — the largest observed […]