CIBC Gets Bearish On Commercial REITS
Analysts at CIBC are lowering their price expectations for Canadian office real estate investment trusts (REITs) across the board, as investor sentiment remains negative and the impact of remote work takes its toll. “While it is clear that overall investor sentiment has soured towards the office sub-sector due to a plethora of macroeconomic variables, we […]
Ryan Reynolds Invests In Canadian FinTech Company
Actor, producer, and entrepreneur Ryan Reynolds has set his sights on the Canadian fintech sector, announcing on Monday that he has invested in Canadian global payments company Nuvei (Nasdaq: NVEI |TSX: NVEI). The details of his stake in Nuvei were not publicly disclosed, but the company has said that Reynolds will be “significantly involved” in […]
Is A $787.5 Million Settlement Enough For What Fox News Did?
The $787.5 million payment agreed to by Fox News and Dominion Voting Systems to settle the cable network’s defamation lawsuit appears to be one of the highest in U.S. defamation case history. But is it enough to make this issue go away? In a nutshell, Dominion sued Fox News for $1.6 billion, saying it damaged […]
No More Freeloading: Reddit Wants To Be Paid For AI Training
Reddit, with its vast data pool of human conversations about every imaginable topic collected over the last 18 years, is one of the best tools to use to train large language models (LLMs) like OpenAI’s famous ChatGPT. The company has decided to finally benefit from all the AI action and announced on Tuesday that it […]
Teck Resources’ Tug of War: Glencore’s Gambit and the Fight for Control
Picture this, a copper and coal-producing behemoth based out of Vancouver, Canada decides it’s high time to slap some lipstick on a couple of pigs. One of those pigs farts lots of carbon in front of the other farm animals, while the other pig discreetly goes behind the barn to hide the flatulence. Oddly, the […]
Taylor Swift Refused to Make Bank on Crypto, Did Actual Due Diligence
The lawyer leading the class action lawsuit against FTX’s celebrity endorsers has recently said that singer-songwriter Taylor Swift was one of the few celebrities who did their due diligence before making a decision to endorse the now fallen crypto exchange. Attorney Adam Moskowitz, who specializes in class action lawsuits, said in an episode of The […]
Netflix Delays Password-Sharing Crackdown But Forecasts Net Income Decline In Q2
Netflix (Nasdaq: NFLX) reported its Q1 2023 financials, headlined by $8.16 billion in revenue. This is an increase from both Q4 2022’s $7.85 billion and Q1 2022’s $7.87 billion but a hairline below street estimate of $8.18 billion. “In short, we’re off to a good start in 2023. As always, our focus remains pleasing our members […]
CBC Commits a Chart Crime in Representing its Funding and Revenue Sources
CBC, which on Sunday received the “Government-funded Media” label on Twitter thanks to a campaign by Conservative Party Leader Pierre Poilievre, seems guilty of committing a massive chart crime. Its “revenue and sources of funds” chart has been manipulated to make it look like it received less funding from the government than it actually did, […]
California “Dream For All” Is Apparently Not For All As Budget Gets Depleted In Just 12 Days
Demand for California’s new downpayment aid program overloaded the system, depleting its $300 million budget in less than 12 days, despite the fact that it only assisted over 2,400 first-time homebuyers. The California Housing Finance Agency (CalHFA) recently announced the California Dream for All Shared Appreciation Loan, which sought to provide up to 20% of […]
Proxy Fight Looms For MindMed Vs. Co-Founder
Mind Medicine’s (NASDAQ: MNMD) filed its preliminary proxy materials on Tuesday with the U.S. Securities and Exchange Commission (SEC) for its yet to be scheduled annual shareholders’ meeting, lining up the proverbial battle lines against an activist investor run by the company’s co-founder. In its proxy statement, MindMed laid out its nominees for the six-person company […]