Amazon’s Confusing Q1 2023: Shares Rally On Earnings Beat But “Optimizations” Spooked Investors
Amazon.com, Inc. (Nasdaq: AMZN) reported on Thursday its financial results for Q1 2023. The company recorded $127.36 billion in net sales, an increase from Q1 2022’s $116.44 billion. The revenue figure exceeded the previously announced guidance of $121.0 billion – $126.0 billion, and the street estimate of $124.7 billion. Breaking down the topline quarterly sales, the […]
Mullen Automotive Retains Outside Counsel To Analyze Recent Trading And “Illegal Short Selling”
Mullen Automotive (NASDAQ: MULN) has evidently gone full conspiracy theorist, announcing this morning that it has retained outside counsel to analyze recent trading in its equity. The firm evidently is taking this step “in light of the extraordinary trading volume and evidence of unusually high levels of failure to deliver on short sales.” Outside counsel […]
Stellantis Enters Offtake Agreement For Nickel, Copper With Alliance Nickel
Stellantis (NYSE: STLA) continues to secure raw materials for its electric vehicle supply chain. The latest arrangement has seen the company secure nickel and cobalt sulphate from Alliance Nickel (ASX: AXN) via a binding offtake agreement. The binding offtake agreement stipulates that Alliance Nickel will supply 170,000 tons of nickel sulphate and 12,000 tons of […]
Lithium Americas: Federal Ruling On Nevada Moly Project Brings Uncertainty To Thacker Pass Project
A March 31, 2023 U.S. District Court of Nevada ruling in a case involving a planned molybdenum mine in that state introduces some degree of uncertainty for Lithium Americas Corp.’s (TSX: LAC) plan to build the giant Thacker Pass lithium mine in northern Nevada. Judge Larry Hicks’ decision comes about two months after the early February 2023 ruling […]
Grimes Offers to Split Royalties for AI ‘Collabs’
Canadian musician and long-time AI fan Claire Boucher, a.k.a Grimes, isn’t “rattled” by AI-generated music. On the heels of the recent deep-faked Drake and The Weeknd hit Heart on My Sleeve, the singer invited other AI fans to create AI-generated music using her voice and said she’d split royalties just as she would with any […]
Air Guardsman Accused Of Leaking Classified Documents May Still Have Access To More — Prosecutors
Federal prosecutors said in court records unsealed late Wednesday that the Air National Guardsman accused of leaking classified materials poses an ongoing threat to national security because he “may still have access to a trove of classified information” that would be desirable to hostile countries. Prosecutors will ask a judge on Thursday to keep Jack […]
In A Nutshell: Disney Vs. DeSantis
On Wednesday, Walt Disney Co (NYSE: DIS) filed a lawsuit against Ron DeSantis, the governor of Florida and a presumptive Republican presidential candidate, alleging that he had subjected the company to a “targeted campaign of government retaliation.” The entertainment conglomerate wants a court to quash the state’s efforts to manage Walt Disney World in Orlando. […]
Farmers First: Colorado Passes ‘Right to Repair’ Law, Setting Precedent for Federal Measures
Colorado on Tuesday became the first state to pass a “right to repair law,” a measure that requires manufacturers to provide the necessary manuals, tools, parts, and software to ensure that farmers are able to fix their own tractors and combines. The Consumer Right To Repair Agricultural Equipment, sponsored by Democratic Representative Brianna Titone, sets […]
Taylor Swift Shakes Off $100 Million FTX Deal
Welcome back to another exciting episode of bizarre celebrity crypto endorsements. Today we will examine the mysterious case of Taylor Swift and FTX. Yes the girl, that many people hate, because she’s so damn perfect. You might have heard about numerous A-listers jumping on the crypto bandwagon, but one superstar refused to sing along. That’s right, folks! […]
Twitter Relaxes Cannabis Ads Policy to Bring in More Advertisers Following Blue Check Flop
Twitter on Tuesday announced that it has further relaxed the rules for US cannabis companies who want to run ads on the platform, just a few months after allowing advertisers to promote cannabis-related content for CBD, THC, and cannabis-related products and services. Alexa Alianiello from Twitter’s US Sales & Partnerships wrote on the Twitter blog […]