Fears Grow In Europe That Russia May Turn Off Flow Of Natural Gas
Energy security fears continue to escalate in Europe, particularly related to natural gas. On July 1, Gazprom, Russia’s state-owned gas producer, announced plans to temporarily shut down the Nord Stream 1 natural gas pipeline from July 11 to July 21 to perform annual maintenance. Nord Stream 1 spans 1,224 kilometers from Portovaya Bay on the Russian […]
Farm-To-Road: Wave Of Farmer Protests Spreads Across Europe
Amid the seemingly worldwide rising inflation – which started with the effects of the pandemic and worsened by the global oil crisis fueled by the Russia-Ukraine war – Europe is taking the brunt of it all. As if energy security wasn’t enough of a problem, it has now begotten another potential (but expected) crisis – […]
BMO Lowers Maple Leaf Foods’ Earnings Estimates On Expected Headwinds
Maple Leaf Foods (TSX: MFI) is expected to report its second-quarter financial results on August 2. The consensus estimate for the company’s revenue is $1.266 billion, up from $1.159 billion a year ago. For net income, analysts are expecting the company to report $49 million, higher than the $9 million the company reported in the […]
Rivian Just Sold Some Extremely Valuable Vehicles in 2Q 2022
On July 6, Rivian Automotive, Inc. (NASDAQ: RIVN) announced that it produced 4,401 vehicles in 2Q 2022, including R1T pickup trucks, R1S SUVs and Amazon delivery vans. The company did not specify quantities produced on a model-by-model basis. Rivian delivered 4,467 vehicles in the quarter. Most importantly, based on this manufacturing report, Rivian reiterated that it is on track […]
TD Report Sees Canadian Home Sales Fall By 23% As Borrowing Costs Rise
Canadian home sales could fall by 23% on average this year, and remain low at a 12% average decline into 2023, according to a report by TD Economics. The report, published on Wednesday last week, comes after a series of interest rate increases by the Bank of Canada as inflation kept breaking records. According to […]
This Is Not Good News -GameStop’s CFO Is Abruptly Fired Without Cause
On July 7, GameStop Corp. (NYSE: GME) announced the firing of CFO Mike Recupero, with immediate effect, as well as plans to cut an unspecified number of staff to right size the company. Diana Saadeh-Jajeh assumes the CFO role; she will continue to serve as the company’s Chief Accounting Officer and was GameStop’s interim CFO briefly in the […]
Elon Musk Sends Merger Cancellation Notice To Twitter
In a move surprising just about no one, Elon Musk has formally attempted to cancel his plans to privatize Twitter (NYSE: TWTR). The announcement was made via a 13G filing with securities and exchange commission after the close of market today. The merger agreement between Musk’s private company and Twitter was formally cancelled by Musk […]
Company Profile: Hemlo Explorers
Hemlo Explorers Inc. (CSE: HMLO) is a junior resource exploration and development company with a number of mineral properties located in Canada. The company’s primary focus is in the Hemlo-Schreiber Greenstone Belt in the Hemlo, Ontario gold camp where it has assembled a large 380 square kilometre land package of prospective mineral rights, making it […]
Former Investment Manager Sues Celsius Network For Fraud: “They Lied To Us”
Celsius Network did not properly hedge risk and manipulated its exchange to rig the price of its own crypto token, according to a suit filed by a former investment manager. In a Twitter thread by the account known for managing the 0xb1 address, Jason Stone narrated his experience with the crypto exchange and how it […]
BMO Expects Copper Production To Continue To Grow At Ivanhoe Mines
Ivanhoe Mines (TSX: IVN) earlier this week reported its quarterly production of copper. The company said that its Kamoa Copper project produced 87.314 tonnes of copper in the second quarter of 2022. Ivanhoe added that the Kamoa-Kakula Phase 1 & 2 3.8-million-tonne-per-annum concentrator plants produced 30,379 tonnes of copper in concentrate during June 2022. Additionally, […]