Taiwan Semi Reports Disappointing March Revenues: A ‘Canary in Coal Mine?’
On April 10, Taiwan Semiconductor Manufacturing Company Limited (NYSE: TSM), the world’s largest dedicated independent semiconductor foundry, reported that its March 2023 revenues were NT$145.1 billion, down 15.4% year-over-year from NT$172.0 billion in March 2022. A Taiwan New Dollar, NT$, is equivalent to one U.S. dollar. Taiwan Semi counts as its customers most of the world’s […]
Global Economy Facing Weakest Growth Outlook Since 1990s
The International Monetary Fund (IMF) has warned that the global economy is likely to suffer the slowest growth in over 30 years, thanks to lingering effects of the pandemic and worsening geopolitical tensions. Kristalina Georgieva, IMF Managing Director, predicted that the global economy’s 2022 slowdown will continue this year and could continue for half a […]
Hexo To Be Acquired By Tilray For US$56.0 Million
It appears that Sebastian St-Louis’s “billion dollar start-up” has finally been sold. Hexo Corp (TSX: HEXO) this evening revealed that it would be acquired by Tilray Brands (TSX: TLRY) in an all-stock transaction. For US$56.0 million. The deal will see Hexo shareholders receive 0.4352 shares of Tilray for each share of Hexo currently held, equating […]
Worker Contract Talks Failure Lead To Closure Of Top US Ports
After months of tense labor negotiations between union dock workers and their employers, a scarcity of West Coast port workers prompted the main U.S. ocean trade gateway to largely close on Friday. According to the Pacific Maritime Association (PMA), which represents businesses, a significant number of workers at the ports of Los Angeles and Long […]
Apple’s Mac Shipments Slump 40% As PC Demand Boom Ends
The pandemic-fuelled demand for computers has fallen substantially over the past year, causing Apple’s (NASDAQ: AAPL) Mac shipments to plummet by a staggering 40% year-over-year. According to research from the International Data Corporation, global computer shipments fell 29% from the first quarter 2022 to around 56.9 million thanks to “weak demand, excess inventory, and a […]
Could Quebec’s Saguenay-Lac-St-Jean Region Become the LFP Battery Valley of the North American LFP Battery Industry?
FULL DISCLOSURE: First Phosphate is a client of Canacom Group, the parent company of The Deep Dive. The author has been compensated to cover First Phosphate on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. We may buy or sell securities in the company at […]
Food Prices: Average Households Expected To Pay $1000 More In 2023
Food inflation may be slowing down compared to last year’s pace but the average family of four is still expected to pay over $1,000 more this year than they did in 2023, according to a new study. The 13th edition of Canada’s Food Price Report from researchers at Dalhousie University, the University of Guelph, the […]
C3.ai Stock Gets Hit With A Short Report
Generative AI is going to be a really hot sector. The way the stock market works is that when a hot sector rolls in, lots of companies will try putting themselves in a position where they can attract capital flows looking to invest in the new hot sector. In today’s video, we are going to […]
“Hubris, Incompetence, And Greed”: How FTX Failed, According To Debtors’ Report
On Sunday, FTX and its affiliated debtors released their first report which identifies and discusses control failures by FTX Group’s previous management team in critical areas such as management and governance, finance and accounting, digital asset management, information security and cybersecurity. The debtors also claimed in a 39-page sharply worded report filed with the US […]
Bud Light Exec Says Marketing Strategy Is A Move Away From “Fratty” and “Out-of-Touch Humor”
Alissa Heinerscheid, Bud Light’s Vice President of Marketing, spoke on a podcast on March 30 about the approach that the popular beer brand is taking for its marketing and said that her job was to “evolve and elevate this incredibly iconic brand.” Bud Light received backlash from conservative beer drinkers recently when the brand engaged […]