BMO Reiterates $365 Price Target On Netflix Following Q2 Subscriber Beat
Last week, Netflix (Nasdaq: NFLX) reported its second quarter financial results. The company announced that revenues grew 9% to $7.97 billion, and noted that the growth would have been 13%, but they were impacted by a $339 million foreign exchange hit. They add that the growth was driven by a 6% and 2% increase in […]
Is The White House Attempting To Revise The Definition Of ‘Recession’ As Q2 GDP Report Looms?
As if bracing for impact, the White House on Thursday posted a blog tackling what constitutes a recession and its “official definition.” And right off the bat, they dump what’s perceived widely as the rule-of-thumb definition, which is two consecutive quarters of negative GDP. The White House cites the National Bureau of Economic Research (NBER) […]
Elevation Gold To Conduct Exploratory Drilling At Florence Hill Target
Greenfield drilling is set to begin for Elevation Gold Mining (TSXV: ELVT) at its Moss Mine property in Mohave County, Arizona. The latest drill program is slated to target the Florence Hill target, while an update on current drilling at the Moss Mine was also provided. Planned drilling at Florence Hill represents the maiden program […]
GCM Mining To Acquire Aris Gold At No Premium To Market, End Dividend Policy
Consolidation continues to occur in the gold space, with the latest deal oddly seeing no premium provided to shareholders. It was announced this morning that GCM Mining (TSX: GCM), which was formerly known as Gran Colombia Gold, will be acquiring that of Aris Gold Corp (TSX: ARIS). The resulting entity however will continue under the […]
Nova Cannabis Looks To Raise $20 Million Via At The Market Financing
Despite extremely low daily average volume, Nova Cannabis (TSX: NOVC) is looking to raise funds via an at the market financing to fund its operation. The financing was announced by the firm late on Friday night. The financing, which will be conducted via ATB Capital Markets, will see the company raise up to $20 million […]
“No, Absolutely Not”: Nancy Pelosi Insists Husband Had No Insider Info On Nvidia Trade
“Has your husband ever made a stock purchase or sale based on information he’s received from you?” a reporter asked House Speaker Nancy Pelosi at a news conference on Thursday. The question follows after Speaker Pelosi’s husband, businessman Paul Pelosi, made headlines on Monday for adding US$1 million to his Nvidia holdings so close to […]
Understanding Diamonds: The Path To Economic Viability
In today’s mining industry model, a junior exploration company typically seeks to discover a new mineral deposit. Once an initial discovery has been made, they then develop the deposit, delineating both its size and scope. They establish a mineral resource estimate for the deposit, and then conduct a pre-feasibility study (PFS) to determine the project’s […]
Saudi’s Maximum Capacity For Oil Production Is Not As Much As Previously Suggested
It very much looks like the Saudis don’t have that much room to pump extra oil, contrary to what President Joe Biden had hoped for in his recent visit. Saudi Arabia’s Crown Prince Mohammed bin Salman on Saturday announced that the kingdom will be raising its production capacity to 13 million barrels per day by […]
Comments On Tesla’s Conference Call Have Implications For Other OEMs
On July 20, Tesla, Inc. (NASDAQ: TSLA) reported adjusted 2Q 2022 EPS of US$2.27, well ahead of analysts’ consensus earnings expectations of US$1.81. However, 2Q 2022 revenue came in a little light of projections: US$16.9 billion versus estimates of around US$17.1 billion. Below are a few details that affected not only the world’s leading electric vehicle (EV) manufacturer, […]
Nancy Pelosi’s Husband Makes Bank On Nvidia Trade As Senate Votes On CHIPS Act
Paul Pelosi, husband of House Speaker Nancy Pelosi, reportedly bought US$1 million worth of additional stocks from American microchip maker Nvidia (NASDAQ: NVDA) a day before the Senate was scheduled to vote on the CHIPS act, or the legislation that aims to support the semiconductor industry by providing billions of dollars in subsidies and tax […]