Sam Burns: Stocks Are Not As Risky As People Think
Closing out the Daily Dive this week is Sam Burns, founder and chief strategist of Mill Street Research. Sam returns to share his insights on some recent headlines: Amazon’s supposed plans to acquire AMC, the impact of what’s going on with Binance in the crypto space, bank failures and their effect on recession risks, and […]
Stephen Curry Signs New Deal with Under Armour, Becomes President of Curry Brand
Stephen Curry has signed a long-term extension of his contract with Under Armour (NYSE: UAA) — one that has the potential to be a lifetime agreement. A report from ESPN shares that the contract, which features an annual base pay, stock equity, royalties on signature products and on-court incentive bonuses, could be one of the […]
Virgin No More: Branson’s Virgin Orbit To Cease Operations “For The Foreseeable Future”
Virgin Orbit (NASDAQ: VORB), the satellite launch company founded by billionaire Sir Richard Branson, will cease operations “for the foreseeable future” after failing to secure a funding lifeline, CEO Dan Hart announced Thursday afternoon during an all-hands meeting. According to the Financial Times, Hart was making last-ditch efforts to reach an agreement with financial investors, […]
Is Metropolitan Bank Next? Shares Plummet 28% After Confusing Update
In the midst of banks cratering one after the other, Metropolitan Bank Holding (NYSE: MCB) thought it would be a good idea to give their investors an update on their standing. But, it seemed to have backfired. On Thursday, the bank reiterated that it remains “well capitalized across all measures of regulatory capital.” The firm […]
PyroGenesis Blames Declining Revenue On Slow “Technology Adoption”
PyroGenesis Canada (TSX: PYR) released on Friday morning its Q4 and full-year 2022 results, toplined by a quarterly revenue of $3.3 million. This is a decline from both $5.7 million in Q3 2022 and $7.2 million in Q4 2021. The firm also recorded $19.0 million in annual revenue, a huge drop from 2021’s $31.1 million. “From […]
#TrumpIndictment: First US President To Face Criminal Charges, But Let’s Look At The Facts
After an investigation into a hush-money transaction he allegedly struck with an adult film star in 2016, a grand jury in Manhattan formally charged former US President Donald Trump. Although the particular accusations have not been made public, they are related to a five-year investigation led by Democratic district attorney Alvin Bragg into a payment […]
Italy Bans ChatGPT Over Privacy Violations
Italy’s data protection agency on Friday ordered a ban on ChatGPT over alleged violations of privacy laws. The Data Protection Authority (GPDP) is accusing OpenAI, the developers of the popular large language model, of “unlawful collection of personal data” and has ordered the firm to immediately stop collecting Italian data until its able to amend […]
Power Nickel Closes First Tranche Of $5.0 Million Flow Through Financing
Power Nickel (TSXV: PNPN) has begun closing subscriptions to its previously announced $5.0 million flow through financing. The firm this morning indicated it has closed on the first 3.4 million flow-through units under the offering, raising gross proceeds of $1.7 million in the process. “We are pleased to close the first Tranche of our previously […]
FansUnite Sees Revenues Grow In 2022 Amid Balance Sheet Weakness
FansUnite Entertainment (TSX: FANS) last night reported its fiscal 2022 financial results, posting revenues for the year of $27.3 million, an improvement over the $5.6 million reported in the prior year. “We are pleased to report significant year-over-year revenue growth in Fiscal 2022, as highlighted by our total revenue of $27.30 million, an increase of […]
Lithium Americas Reports Cauchari-Olaroz Project Is Substantially Complete
Construction at Lithium America’s (TSX: LAC) Cauchari-Olaroz project in Argentina is said to be substantially complete, with production slated to begin in the first half of 2023. Cauchari-Olaroz is slated to ramp production through the second half of the year, before hitting a run rate of 40,000 tpa of lithium carbonate production by the first […]