Grownups Are Buying More Toys, Driving Industry Growth
A consumer group known as ‘kidults’ has been driving the growth of the toy industry in the last two years, according to data from market research company NPD Group. This group is defined by NPD as consumers ages 12 and older, and it has, over the last two years driven 25% or about $9 billion […]
NFL Sunday Ticket Is Heading To YouTube TV, License Secured For $2 Billion Annually Until 2029
Alphabet’s (Nasdaq: GOOGL) YouTube finalized the $2-billion per year deal to secure the NFL Sunday Ticket franchise, solidifying the video platform’s presence in the streaming space. NFL Sunday Ticket is a subscription-only service that allows football fans to see the majority of Sunday afternoon games. The platform is moving from DirecTV, a satellite broadcaster co-owned by […]
Canada Addresses Real Estate Crisis By… Banning Foreign Ownership?
The Canada Mortgage and Housing Corporation has issued regulations regarding the restriction on foreign homebuyers as the new real estate law is expected to take effect for two years starting 2023. On paper, it makes sense: as the crown corporation puts it, the new law will “help make homes more affordable for people living in […]
AMC Crushed In Pre-Market Trading Following Proposal To Convert APE Units, Implement Reverse Stock Split
AMC Entertainment (NYSE: AMC, APE) is currently falling dramatically in pre-market trading following the firm announcing a massive capital raise, along with a debt for equity deal, the possible conversion of APE units to common shares, and finally – a reverse split. In simple terms, the company appears to have thrown everything and the kitchen […]
Trulieve Settles With OSHA After Employee’s Death From Inhaling Cannabis Dust
Trulieve Cannabis (CSE: TRUL) has settled with the Department of Labor’s Occupational Safety and Health Administration following the death of an employee at the firms Holyoke, Massachusetts facility earlier this year. The employee reportedly passed away as a result of inhaling ground cannabis dust. The settlement will see the company undertake a study to determine […]
Tesla Wins In 2022, But Not For Its Investors
As 2022 comes to a close, it is clear that Tesla (Nasdaq: TSLA) is poised to outdo its financial performance in previous years. In its Q3 2022 financials, the carmaker generated $21.45 billion in revenue, an increase from both Q2 2022’s $16.93 billion and Q3 2021’s $13.76 billion. Total revenue in the past three quarters–$57.14 […]
Lucid Completes US$1.5 Billion Equity Offering, Yet Valuation Still Looks Rich
On December 19, Lucid Group, Inc. (NASDAQ: LCID) revealed it had completed the US$1.515 billion equity raise it announced in early November. Lucid raised $600 million from selling 56.2 million shares in an “at-the-market” (ATM) issuance and a further US$915 million from the private placement of 85.7 million shares to its core investor, a Saudi Arabian investment fund which […]
Federal Government Plans to Mandate EV Sales in 2026
Pretty soon, all vehicles sold in Canada will need to be electric. In a series of draft regulations proposed by Environment Minister Steven Guilbeault on Wednesday, all auto manufacturers and importers selling cars in Canada will need to abide by sales targets mandating that one-fifth of all passenger vehicles and trucks are powered by electricity […]
Caroline Ellison Pleads Guilty To FTX Fraud Scheme, Posts $250K Bail
The ex-Alameda chief faces a potential 110 years in prison, adding another legal problem after the SEC also charged her and ex-FTX CTO Gary Wang. Former Alameda Research CEO Caroline Ellison and former FTX CTO Zixiao (Gary) Wang were charged today by the Securities and Exchange Commission for their roles in a multiyear scheme to […]
What Will Happen to SBF’s Political Donations?
To the relief of the crypto community and likely everyone following the rise and fall of FTX, former CEO Sam Bankman-Fried may finally face criminal and civil charges of money laundering, fraud, conspiracy, and campaign finance law violations on US soil. Meanwhile, FTX, now spearheaded by its new CEO John J. Ray III, will be […]