Tilray Sees Revenue Decline To $144.1 Million In Q2 2023
Tilray Brands (TSX: TLRY) appears to be struggling when it comes to topline revenue. The firm this morning posted its second quarter 2023 results for the period ended November 30, 2022, posting declining revenue versus that of its first quarter results. Revenue for the quarter came in at $144.1 million, down from $153.2 million on […]
Zoltan Pozsar: Put 20% Of Portfolio In Commodities, QE Expected By End of 2023
Capping his “war” series in his latest analyst note, Credit Suisse contributor Zoltan Pozsar highlighted that the real “hot war” threat to geopolitics is the final piece that’s intended to shake the economic order–something the investors should account for in pruning up their portfolio. Still on his Bretton Woods III postulate where commodities will dictate the […]
Hyperinflation Be Damned: Turkey, Argentina Post Massive Market Returns In 2022
North American and European equity markets suffered in 2022 as inflation grew uncomfortably high and central banks raised short-term interest rates to combat rising prices. Such monetary tightening actions probably represent sound economic policy, but from the perspective of stock investors only, one wonders whether allowing inflation to run would have translated into solid market returns. Indeed, […]
Is Russia Desperate for Foreign Currencies? Putin Partially Lifts Decree Requiring Ruble-Only Payments for Natural Gas
It appears that Russia’s energy giant Gazprom might be having trouble finding buyers for its natural gas. Some “unfriendly” EU countries have accumulated substantial debt for gas supplies that they are failing to pay, prompting the state-owned energy provider to devise a payment plan settled in foreign currencies other than rubles. Back in March, Russian […]
Jair Bolsonaro Hangs Out in Florida as His Riot Minions Try to Overthrow Brazilian Government
It appears the pro-Bolsonaro momentum hasn’t faded. Despite losing the October 30 runoff election to Luiz Inácio Lula da Silva, supporters of far-right former president Jair Bolsonaro are still attempting to overthrow the new government, staging numerous rallies in the country’s capital over the weekend. Videos circulating on social media show Bolsonaro supporters arriving by […]
More Rate Hikes? Canada’s Unemployment Rate Remains Historically Low
Canada’s labour market remained resilient last month, blowing past economists’ expectations and cementing the case for further intervention from the Bank of Canada. Against forecasts calling for an increase of only 5,000 jobs, the labour market surprisingly added a whooping 104,000 positions in December, with broad-based gains across several main industries, including construction, transportation and […]
Coinbase: Is The Current Price Weakness A Warning Sign?
One of the biggest red flags for an investor is a stock’s refusal to participate in a broad-based, largely indiscriminate stock market rally when there is no company-specific news or analyst ratings changes that might explain such price action. On January 6, shares of Coinbase Global, Inc. (NASDAQ: COIN) behaved in such a manner. The S&P 500 Index […]
Car Buyers Start Splurging, Breaking Records for Monthly Payments of $1000+ As Cost of Financing Soars
Financing a new or used vehicle has become more expensive for consumers, driving up the share of monthly payments over $1,000 to record highs in the last quarter of 2022, according to new data from Edmunds. “Just as new and used car prices finally started to cool off in Q4, rapidly rising interest rates created […]
EU Core Inflation Continues to Hit Record-Highs, Policy Makers Prepare for More Rate Hikes
Although inflation across the EU slumped into single digits last month, core inflation remains stubbornly resilient, cementing the case for further hawkish intervention by the European Central Bank. Latest flash estimates from Eurostat show headline inflation is forecast to drop from an annualized 10.1% to 9.2% in December, thanks to an unsuspected drop in energy […]
WWE Is Back! Vince McMahon Returns to Board Following Hush Money Scandal
Vince McMahon, the owner and former CEO is back on the World Wrestling Entertainment Inc. (NYSE: WWE) board of directors, after stepping down from executive obligations last summer. The disgraced third-generation wrestling promoter faced numerous investigations regarding secret payments to women linked to the company for keeping “allegations of sexual misconduct and infidelity” under wraps. […]