Robinhood To Cut 23% Of Its Workforce
Robinhood Markets (NASDAQ: HOOD) is the latest tech firm to undergo a workforce reduction and restructuring. The reductions were announced this evening as a part of the firms second quarter financial results. The workforce reductions are expected to impact a total of 780 employees, with the restructuring to result in the closure of two separate […]
McDonald’s: BMO Lifts Target To $285 After Q2 Results
On July 26th, McDonald’s (NYSE: MCD) reported its second quarter financial results. They announced that revenues dropped by 3% year over year to $5.72 billion even though global comparable sales grew 10%. At the same time, systemwide sales grew 4% or 10% in constant currencies. The company notes that sales would have increased by 3% […]
Former NBA Star To Launch $1 Billion Investment Fund
Metta Sandiford-Artest, the retired NBA player who was once called Metta World Peace, is reportedly planning to start a new investment fund for his Artest Management Group, and he is targeting US$1 billion. The news was first reported by Bloomberg, and they referred to its source as a person familiar with the matter who asked […]
SSR Mining Rallies 3% Momentarily After Beating Q2 2022 Estimates
SSR Mining Inc. (TSX: SSRM) reported today its financial results for the second quarter of 2022, highlighting a quarterly revenue of US$319.6 million. This is a decline from Q2 2021’s revenue of US$377.0 million but beat the street estimate of US$292.6 million. “The second quarter of 2022 demonstrated the continued resilience of our globally diversified […]
TD Bank Buys US Investment Bank Cowen for $1.3 Billion
Canadian-based Toronto Dominion Bank (TSX: TD) is expanding its presence even further into the US economy, this time by purchasing New-York based investment bank Cowan (NASDAQ: COWN) for US$1.3 billion. The cash deal, which amounts to around CAD$1.67 billion, marks the second major US purchase by TD, as the Canadian bank makes further efforts to […]
PayPal: Analysts Call For Earnings Per Share Of $0.86 For Q2 2022
PayPal Holdings (NASDAQ: PYPL) will be reporting its second quarter financial results today after market close. Analysts have a consensus $112.37 12-month price target on the company, via a total of 51 analysts, with nine analysts having strong buy ratings. 27 analysts meanwhile have buy ratings, 14 analysts have hold ratings and a single analyst […]
Brazil President Jair Bolsonaro Isn’t Done Lashing Out At Leonardo DiCaprio
Brazilian president Jair Bolsonaro once again went on a Twitter tirade against actor and environmentalist Leonardo DiCaprio. The president called out DiCaprio and told him to “give up your yacht before lecturing the world” after DiCaprio posted about the magnitude of illegal deforestation in the Amazon. Earlier in the year, the actor posted about the […]
AMD: Analysts Call For Q2 Revenues Of $6.55 Billion
Advanced Micro Devices (NASDAQ: AMD) will be reporting its second quarter financial results today after market close. Analysts have a consensus $128.11 12-month price target on the company, via a total of 42 analysts, with nine analysts having strong buy ratings. 19 analysts meanwhile have buy ratings, 13 analysts have hold ratings and a single […]
NG Energy Sees First Well At SINU-9 Test At 15 MMSCF/D From Three Zones
The results are in for NG Energy’s (TSXV: GASX) flow tests of the first well drilled at the firms flagship Sinu-9 cell block in Colombia. The results follow the news in July that “significant gas” had been hit by the company, which was released following images of the well’s flare being spread on social media. […]
SEC Files Fraud Charges Against A US$300 Million Crypto Pyramid Scheme… But Firm Doesn’t Seem To Mind
Part of the Securities and Exchange Commission’s (SEC) crackdown on questionable crypto firms, the regulatory body recently charged 11 individuals for their roles in creating and promoting a crypto pyramid scheme that raised around US$300 million from its investors. But the company in litigation, decentralized networking platform Forsage, seems it doesn’t mind the legal kerfuffle. […]