Li-Cycle: BMO Cuts Target After Negative Revenues Recorded In Q3
Li-Cycle (NYSE: LICY) recently reported its third-quarter financial results. The company reported revenues of -$2 million; this was due to an “unfavorable non-cash fair market value (FMV) pricing adjustment of $(7.3) million relating to prior-period black mass sales.” This made the company’s product sale segment come in at -$2.34 million, and recycling service revenues came […]
Has Kinetik Holdings Over Corrected?
The 10% decline in the S&P 500 Index over just the past 1 ½ weeks after the disappointing U.S. CPI print for August has spared few stocks. Growth, technology, defensive, and commodity stocks have all corrected quite noticeably as the yield on the U.S. two-year Treasury note has increased by about 40 basis points to a […]
BMO Forecasts Bleak Results For Micron Technology
Micron Technology (NASDAQ: MU) is expected to report its fiscal fourth quarter results on September 29 after the market closes. Analysts expect revenues to come in at $6.69 billion, almost down a quarter from the $9.5 billion estimate they were expecting over the summer. The consensus estimate for net income also dropped significantly to $1.4 […]
UK Implements Surprise Tax Cuts, Crushing Impact Of Rate Hikes
The newly installed UK government’s September 23 decision to enact a sweeping program of tax cuts and investment incentives seems like bad policy and was greeted as such by equity, debt and currency markets. UK and worldwide stocks fell at least partly due to the news; and UK and other European government bonds as well as […]
Kinross Gold: BMO Lifts Targets On Buyback News
Kinross Gold (TSX: K) this past week announced that it is launching a new share buyback program, buying back $300 million in shares over the remainder of 2022, and will allocate 75% of its excess cash to fund buybacks in 2023 and 2024. Kinross says that this announcement came after “constructive discussions” with Elliott Investment […]
Boeing To Pay US$200 Million Related to 737 MAX Fatal Crashes
The Boeing Company (NYSE: BA) is flying into a turbulence of publicity nightmares. The Securities and Exchange Commission charged the firm and its former CEO, Dennis A. Muilenburg, with antifraud violations after its investigation showed that the airplane manufacturer misrepresented the safety of its 737 MAX. The particular Boeing model has been in two fatal […]
Is Russia Losing Because Of Poor Management Skills? Putin Is Reportedly Giving Directions To The Field Himself
Too many cooks spoil the broth–and this time, the broth might be Russia’s chances of successfully achieving its military goals in Ukraine. Sources familiar with the scenario and intelligence say Russian military leaders are seemingly in significant disagreement on how to mount up a stronger defense against the recent offensive advances by Ukrainian troops. Conversations […]
Turkey’s Central Bank Slashes Interest Rates AGAIN as Inflation Soars Above 80%
to the shock of markets and the rest of the developed world, Turkey’s central bank cut interest rates once again, even as inflation soars over 80%. The Central Bank of the Republic of Turkey on Thursday cut its key rate by 100 basis points from 13% to 12%. Data from August showed the country’s inflation […]
The Lithium Rush: Prices Soar As Electric Vehicle Demand Rises
Electric vehicle demand is pushing up the prices for lithium, the key battery ingredient. According to data from Asian Metal Inc., the price for lithium carbonate more than tripled in the last year, hitting a new high of 501,500 yuan ($71,500) per metric ton in China. The skyrocketing prices are accelerating the race among EV […]
Boeing Agrees to Pay $200 Million SEC Fine Over Misleading Investors About 737 Max
The SEC charged Boeing Co. (NYSE: BA) and its former CEO Dennis Muilenburg with intentionally withholding safety problems to investors concerning the infamous 737 Max. Boeing and Muilenburg on Thursday agreed to pay $200 million and $1 million, respectively, in fines to settle SEC allegations that the aircraft manufacturer and its CEO violated securities laws […]