‘Today We Pounce’: AMC Plummets 9.7% After Q2 2022 Financials, Leverages APE To New Preferred Equity Securities
AMC Entertainment Holdings, Inc. (NYSE: AMC) reported on Thursday its financial results for Q2 2022, earning US$1.17 billion in revenue–falling behind the consensus US$1.18 billion. The figure is an increase from Q1 2022’s US$785.7 million and Q2 2021’s revenue of US$444.7 million. “AMC just completed a spectacularly encouraging second quarter that boosts our mood and […]
Walmart Laying Off Corporate Employees Amid Dismal Profit Outlook
America’s bellwether retailer Walmart (NYSE: WMT) is downsizing its workforce, following a less-than-ideal profit outlook as surging inflation weathers away at consumers’ pocketbooks. According to the Wall Street Journal which cited a person familiar with the matter, Walmart started to lay off employees in corporate roles one week after warning of weakening margins. About 200 […]
Switzerland Bans Gold Imports From Russia
Switzerland, one of the world’s leading gold refiners, banned the import of Russian gold, aligning itself with similar announcements from the US and other Group of 7 countries. Switzerland’s Federal Council on Wednesday announced it will ban all imports of gold and gold products from Russia, in order to align with America’s and the EU’s […]
Emerita Resources Intersects 7.0 Metres Of 0.8% Copper At Romanera
The latest results are in for the ongoing drill program being conducted by Emerita Resources (TSXV: EMO) at its Iberian Belt West project, found in Spain. The latest results come from the Romanera and Infanta deposits, the former of which has become the major focus of the current program. The results consists of two holes […]
Mindmed To Conduct 15-To-1 Reverse Split To Meet Nasdaq Listing Requirements
In a classic Canadian small cap move, Mind Medicine (NEO: MMED) last night announced that it’s directors have approved a share consolidation. The consolidation follows an announcement in May that the company would be conducting an at-the-market financing to the tune of $100 million. The reverse split will see the company reduce its share count […]
Canopy Growth Reports Cannabis Segment Impairments Of $1.7 Billion In Q1 2023
Canopy Growth (TSX: WEED) continues to see its role within the Canadian cannabis landscape diminish. The one-time leader of the sector reported its first quarter 2023 earnings this morning for the period ended June 30, effectively outlining its continued decline within the space. Revenues continue to slide at the company, while being propped up in […]
Is SF Fed President Mary Daly That Out Of Touch? Here’s What She Actually Said
In an interview with Reuters on Wednesday, San Francisco Federal Reserve President Mary Daly was asked about how inflation has affected her daily life. Daly responded by saying that in her position, with her “having enough,” she does not feel the pain of inflation anymore. Of course, Twitter ran abuzz with the quote. But, that’s […]
Lucid Vs. Lucid: Electric Vehicle Maker Cuts Production Guidance By Half After Claiming Strong Customer Demand
Lucid Group, Inc. (Nasdaq: LCID) might not be living up to its name when it announced its Q2 2022 financials. The company recorded US$97.3 million in revenue from delivering 679 vehicles during the quarter, up from Q1 2022’s US$57.7 million from delivering 360 vehicles. But what could be considered the highlight of the announcement is the […]
Extending The Life Of Germany’s Nuclear Power Plants “Makes Sense”: Chancellor Olaf Scholz
After months of dillydallying on its nuclear energy policy amidst a looming security crisis, German Chancellor Olaf Scholz said recently that it might “make sense” to extend the life of the country’s last nuclear power plants to contribute to the nation’s energy sources. While the last three nuclear power plants only account for a “small […]
Algeria Expresses Interest in Joining BRICS Group
Algeria, Africa’s largest exporter of natural gas, has become the latest country interested in joining the BRICS group, as an increasing number of nations look towards alternative forms of global governance. Algeria’s president Abdelmadjid Tebboune announced his interest in becoming a BRICS member, joining a number of other powerful nations, including Russia, China, and India. […]