WWE’s Vince McMahon Retracts By-Laws Amendments, Yields Power Back To Board
Returning WWE (NYSE: WWE) Executive Chairman Vince McMahon recently rescinded certain bylaw changes he proposed that would have taken power away from the company’s board, as he grapples with investor litigations after his surprising comeback. The suits involve three groups of shareholders, including a pension fund, who sued McMahon this month after he ended his […]
Microsoft Shifts To AI As Product Revenue Falls In Q2 2023
Microsoft (Nasdaq: MSFT) is underscoring the tech titan’s shift to artificial intelligence following the results of its second quarter of fiscal 2023. “The age of AI is upon us and Microsoft is powering it,” CEO Satya Nadella said in the earnings call. The tech firm reported its slowest sales growth in more than six years […]
Bank of Canada Delivers 25 Basis-Point Hike, Hints at Pausing to Assess Economic Impact
For the eighth consecutive meeting, the Bank of Canada opted to raise its overnight rate in face of persistently high inflation— this time, by 25 basis points— in line with expectations. The central bank’s effective rate now sits at 4.5%, marking one of the sharpest and most aggressive tightening cycles in the bank’s history. With […]
Trillion Energy Beats December Revenue Guidance With US$2.3 Million In Net Gas Sales
Trillion Energy International (CSE: TCF) this morning indicated that it beat prior guidance for revenue for the month of December. Revenue is currently being generated via two producing wells within its SASB gas field, which is under further development. Revenue for the month of December after Trillion’s 49% share of production amounted to 87.4 MMcf, […]
Court Rejects Competition Bureau’s Request to Block Rogers-Shaw Merger
Canada’s Federal Court of Appeal has dismissed the Competition Bureau’s request to block Rogers Communications (TSX: RCI.B) CA$20 billion (US$14.9 billion) takeover of Shaw Communications Inc. (TSX: SJR). The decision effectively clears one of the final hurdles preventing the merger, which was first proposed in 2021, to push through. It will now only need the […]
Hemlo Explorers Moves Project Idaho To The Drill-Ready Stage
Hemlo Explorers (CSE: HMLO) is moving its project, Project Idaho, to the drill stage. The decision follows the receipt of assay results from a soil sampling program conducted on the project last year. The soil sampling program conducted by the company consisted of a total of 1,101 samples being collected on a 50 metre square […]
Tom Emmer Asks Why the SEC Didn’t Investigate FTX … After Demanding the SEC Stop Investigating FTX
In a recent interview with CoinDesk, Minnesota Representative and House Whip Tom Emmer boldly declared that the Securities and Exchange Commission didn’t do its job, referring to the collapse of FTX. “What was [SEC Chair] Gary Gensler and company really doing?” Emmer inquired. Except in March, months before the FTX meltdown in November, Emmer and […]
Canadian Home Prices Cool as Interest Rates Scare Buyers
New home prices across Canada aren’t showing signs of increasing, in the latest indication that the Bank of Canada’s aggressive tightening cycle is cooling housing markets across the nation. Latest Statistics Canada data shows that the price of a new home across 19 of the 27 census metropolitan areas remained unchanged between November and December, […]
The Egg Crisis Is Making People Want to Start Backyard Farms — But Is It the Answer?
The egg crisis is pushing suburban Americans — presumably, the same guys who started making their own bread during the pandemic — to think about starting their own backyard chicken farms. The industry is still reeling from the worst avian flu outbreak in US history, and prices are up from $1.79 in December 2021 to […]
Trudeau On His Own ArriveCAN Subcontracting: “Illogical And Inefficient”
Irony was painted all over the town after Prime Minister Justin Trudeau said it was “illogical and inefficient” for the government to award millions of dollars in contracts to a two-person company that subcontracted its work on the ArriveCAN app. According to documents and estimates provided by the government’s contractor for the app, GCstrategies, to […]