Cronos Group Posts Gross Margins Of 6% In Third Quarter
Cronos Group (TSX: CRON) this morning continued to demonstrate how not to run a cannabis operation. The firm released its third quarter financial results, posting a net loss of $36.9 million. The results were toplined by declining sales, which fell 9.2% to $20.9 million from the second quarters $23.1 million. The firms US segment saw […]
The CZ-SBF Twitter Feud, Explained
Binance To Liquidate FTT Holdings, FTX’s Sister Fund Reportedly Insolvent Crypto twitter had a field day recently after an apparent spat transpired between Binance CEO Changpeng Zhao and FTX founder Sam Bankman-Fried, which stemmed from the China-based crypto exchange’s move to liquidate its remaining FTT holdings. The issue started with a report claiming FTX’s sister […]
History Says Markets Will Rally Regardless Of U.S. Mid-Term Election Outcome
In addition to the Federal Reserve meetings and Consumer Price Index releases over the next few months, the November 8 U.S. mid-term elections could have major stock market implications. Democrats currently control each chamber by narrow margins. History shows that the sitting U.S. president’s party loses a substantial quantity of seats in both the House and […]
Rising Food Costs And A Turkey Shortage Threaten This Year’s Thanksgiving Dinner
Thanksgiving will not be the same this year. On top of the rising costs of food, the United States government is warning that there will be a shortage of bigger birds on turkey day. US Secretary of Agriculture Tom Vilsack on Tuesday told reporters that this year’s avian flu outbreaks, which have killed over 8 […]
Most Of The British Population Now Think That Brexit Was A Mistake, New Poll Shows
A growing majority of Britons now think that Brexit was a mistake, a new poll by the British Polling Council shows, but it’s still too soon to say that people want the 2016 decision to leave the European Union overturned. The new poll, presented by Professor John Curtice, president of the British Polling Council, showed […]
The Diesel Shortage Explained
In case you aren’t reading financial media every day, diesel prices are up, inventories are low, and refining capacity is not about to increase. Chances are this is going to have a significant impact on the economy, market, and global international relationships over this upcoming winter. What may be a surprise to some is how […]
Chrystia Freeland’s Fall Budget Unveils Over $30B in New Spending Measures to Tackle Inflation Pressures
The Liberal government unveiled a series of new spending measures alongside the promise to balance the budget within five years time. Finance Minister Chrystia Freeland on Thursday announced a series of new fiscal support initiatives aimed at alleviating the rising cost of living for low-income Canadians and post-secondary students. According to the Fall Economic Statement, […]
Is Carvana Lost On Its Long-Term Destination?
Shares drop 37% on the day as revenue continues to dwindle, losses widen, and Q4 outlook spells further decline Carvana (NYSE: CVNA) has reported its Q3 2022 financials, topped by a quarterly revenue of US$3.39 billion, a fall from both Q2 2022’s US$3.88 billion and Q3 2021’s US$3.48 billion. “In the third quarter, we made […]
Elon Musk’s Massive 3,700-Job Layoffs To Face Lawsuit From Fired Twitter Employees
New day, new Elon Musk story. Twitter (NYSE: TWTR) was sued over Musk’s intention to lay off approximately 3,700 people at the social media platform, which workers claim is being carried out without enough notice, in violation of federal and California law. On late Thursday, the company sent out an email to all employees, unconventionally […]
Oh Deer! Housing in the Headlights
It’s handy to imagine the housing market as a living organism. Various active systems perform their own, specific functions while enabling each others’ operation without even knowing it. The circulatory system gets blood to the digestive organs, which metabolize the food and make it into energy that runs the respiratory system, which oxygenates the blood […]