Apple Speeds Up Pulling iPhone Manufacturing Out Of China
Apple Inc (Nasdaq: AAPL) has hastened plans to relocate some of its manufacturing outside of China, which has long been the dominating country in the supply chain that has developed the world’s most valuable firm, according to people involved in the discussions who told The Wall Street Journal. The smartphone company is instructing suppliers to […]
Binance Halts Withdrawals of Coin Linked to Its Own Token, Cites Potential Hack
Binance on Friday halted withdrawals of a crypto coin linked to the Binance Coin token, citing a potential hack. CEO Changpeng Zhao announced via Twitter that users won’t be able to withdrawal the staked Ankr protocol token, while the crypto exchange determines whether it was targeted by hackers. “Initial analysis is developer private key was […]
Snowflake: Canaccord Expects Long Term Guidance Of $10 Billion In Revenues To Remain Intact
Snowflake (NYSE: SNOW) last week reported its third-quarter financial results. The company announced that product revenue came in at $522.8 million, with total revenues hitting $557 million, up 66.6% year over year. Gross profits went in the same direction, growing 71.4% to $366.31 million, or a 72% margin. Though it appears that operating profits before […]
Company Profile: Power Nickel
Power Nickel (TSXV: PNPN) is developing its flagship Nisk high-grade nickel project in the James Bay region of Quebec near the town of Nemaska. The 20 kilometre long Nisk property consists of two blocks totaling 90 claims that cover a large land position of 45.9 square kilometres. The company is focused on supplying raw materials for […]
U.S. Personal Savings Rate Sinks To 17-Year Low; So Far, Equity Markets Yawn
Equity markets continue to rally on the hopes of some combination of peak inflation, a coming slowing in the rate increase cycle by the U.S. Federal Reserve, a possible Fed pivot in perhaps six months when it begins cutting rates, the potential for just a mild 2023 recession (or to avoid it completely), and a […]
CrowdStrike Sees Canaccord Cut Price Target To $175 From $230
On November 29th, CrowdStrike (NASDAQ: CRWD) reported its third-quarter financial results. The company announced revenues of $581 million, growing 53% yearly. Gross profits came in at $422.65 million, or a 72.8% margin. Operating profits before non-recurring expenses was -$56.42 million, slightly higher than the -$39.29 million loss a year ago. The company said it ended […]
Twitter Suspends Kanye West’s Account (Again) For “Incitement To Violence”
Kanye West’s Twitter account was suspended Friday morning for violating the platform’s “rule against incitement to violence.” The tweet that brought about the suspension was an altered image of the Star of David with a swastika inside. The rapper’s tweet includes what’s allegedly a text exchange with Twitter CEO Elon Musk, where Musk calls out […]
The SBF Interview Tour, Condensed
It’s been just hours since Sam Bankman-Fried last spoke with the press or public. The November 30 SBF interview at the New York Times Dealbook summit, where SBF was interviewed by Andrew Ross Sorkin, had everyone glued to the set for the audacity alone. Usually, if someone who was the last one to touch eight […]
Emergent Metals: Gold Hunting In Nevada & Quebec
Emergent Metals Corp. (TSXV: EMR), formerly Emgold Mining, is a Vancouver, British Columbia-based gold and base metals exploration company. Their strategic focus is centered around acquiring properties in Nevada or Quebec, adding value through exploration work, and eventually divesting of them by a sale, option, joint-venture, and/or retaining a royalty interest. It is essentially a […]
BMO: Teck Resources’ Shift To Focus On Copper Will Help Attract ESG Funds
Last week, BMO Capital Markets hosted Teck Resources’ (TSX: TECK.A, TECK.B) CEO Jonathan Price, CFO Crystal Prystai, Fraser Phillips, and Helen Kelly for investor meetings in Toronto. In their note on the meeting, BMO says that Teck continues to focus on growth, “but a different kind of growth,” as they reiterate their market perform rating and […]