Apple Posts “Record” Fiscal Q4 2022 Financials, Beats Estimates
Apple (NASDAQ: AAPL) reported its fiscal Q4 2022 financials on Thursday post-closing bell. The tech giant generated US$90.15 billion in revenue, up from last quarter’s US$82.96 billion and last year’s US$83.36 billion. The topline figure also beat the street estimate of US$88.90 billion. “Our record September quarter results continue to demonstrate our ability to execute […]
Amazon Shares Tumble As Bottomline Dwindles In Q3 2022
Amazon.com, Inc. (Nasdaq: AMZN) reported on Thursday post-closing its financial results for Q3 2022. The company recorded US$127.10 billion in net sales, an increase from Q2 2022’s US$121.23 billion and Q3 2021’s US$110.81 billion. The revenue figure lands between the previously announced guidance of US$125.0 – US$130.0 billion. Breaking down the topline quarterly sales, North […]
Elon Musk To Cough Up $204 Million As Severance To Fired Twitter Execs
Twitter Inc.’s (NYSE: TWTR) top executives are walking away from the company with a big payday. Chief Executive Parag Agrawal, Chief Financial Officer Ned Segal, and Vijaya Gadde, Twitter’s general counsel and head of legal policy were reportedly fired Thursday evening as Elon Musk officially took control of the social media giant, marking the end […]
Nancy Pelosi’s Husband Violently Attacked at San Francisco Home
House Speaker Nancy Pelosi’s husband was rushed to the hospital early Friday morning, after being brutally attacked at their home in San Francisco. The House Speaker’s office released a statement saying Paul Pelosi was “violently attacked” after a perpetrator broke into the couple’s residence overnight. The 82 year-old venture capitalist is expected to make a […]
Zentek Begins Four-Year Research Program With Ford Powertrain Engineering R&D Centre
Zentek Ltd (TSXV: ZEN) appears to have downplayed what should be a major announcement for any venture-listed issuer. The company this morning provided an “update on battery technology development,” being carried out, revealing within the news release that it has partnered with one of the largest global automakers on research and development of its product. […]
TPCO Holdings Cuts Workforce By 14%, Begins Outsourcing Cultivation And Manufacturing
It appears that even celebrity endorsements doesn’t do much for firms operating in the Californian cannabis market. TPCO Holdings (NEO: GRAM) last night revealed that it is scaling back its operations yet again, this time cutting its cultivation and manufacturing capabilities. The latest cuts come due to the hard times that have fallen on the […]
BREAKING: Twitter CEO, CFO Fired As Elon Musk Officially Takes Over
The tumultuous US$44-billion Twitter (NYSE: TWTR) takeover deal is ending in a same fashion–a tumultuous takeover. Elon Musk acquired control of the social media platform late Thursday after his acquisition bid was completed, the Washington Post reports according to people familiar with the matter. His first order of business? Firing the top executives. According to […]
Everyone’s Cutting Ties With Kanye West, Maybe Even Donald Trump
Kanye West is running out of friends. The rapper, who’s been in a long drawn out public meltdown, recently made a new set of antisemitic remarks in a now-deleted episode of Drink Champs, where he ranted about “the Jewish people” and claimed that he can’t be antisemitic because he’s also a Jew “as the blood […]
General Motors Reports Strong 3Q 2022; Stock Continues to Look Inexpensive
General Motors Company (NYSE: GM) on Tuesday reported much better than expected 3Q 2022 results. Diluted 3Q 2022 EPS was US$2.25, beating analysts’ consensus projections of US$1.88. GM recorded US$1.52 of adjusted diluted EPS in the year-ago period. Remarkably, the company reported 3Q 2022 operating cash flow of US$5.3 billion versus approximately breakeven in 3Q 2021. In 3Q 2021, […]
Canaccord: Canopy USA Transaction Is An Overall Positive
Canopy Growth (TSX: WEED) earlier this week revealed that it would be restructuring its US assets into a more aggressive vehicle that can be boiled down into three sections. The first is an introduction of a US-based holding company, referred to as Canopy USA, in which Canopy Growth will hold non-voting and non-participating shares in. […]