Eguana Technologies Receives $7 Million Micro Inverter Order From US-Based Omega Group
On June 14, Eguana Technologies (TSXV: EGT) revealed it has received its first order for micro inverters, valued at over $7 million. The order, which was placed by Omega Group, totals almost 26,000 pieces comprising of single, dual, and quad style micro inverters. Eguana has already shipped out bulk containers, with plans to commence installer […]
Amazon To Kick-Off Prime Air Drone Deliveries
Will the skies be soon abuzz with delivery drones? That’s still farther into the future, but just a few weeks after Walmart announced the expansion of its drone delivery service to cover about four million households in the US, Amazon (NASDAQ: AMZN) has announced that it will start Prime Air drone deliveries for customers in […]
Coinbase Cuts 18% Full-Time Jobs Ahead of Potential Recession
Coinbase is letting go nearly one-fifth of its workforce, as its stock price continues to slide during what appears to be a looming recessionary period for the US economy. In an email sent to employees on Tuesday and seen by CNBC, US-based crypto exchange Coinbase announced it will let go about 1,100 of its 5,000 […]
Fed Officials Prepared to Hike Rates 75 Basis Points Following Alarming Inflation Print
The Federal Reserve is in a position to hike borrowing costs by more than 50 basis points come its policy meeting this week, after latest inflation data showed an economy that continues to grapple with out-of-control price pressures that have yet to subside. The ongoing string of alarming inflation data from the Labour Department has […]
Tesla And Its US$500-Million Bitcoin Problem
Among the current issues hurling Tesla (Nasdaq: TSLA), it seems like problems are something of which it won’t run out of supply. With bitcoin hitting its all-time low for the year, the automaker’s then-bullish investment in the crypto asset could spell trouble for its next earnings release. The digital coin is sustaining massive losses from […]
Binance Is Being Sued For The Not-So-Stable Stablecoin Terra USD
For advertising TerraUSD as “safe” given its dollar peg, Binance is being sued by an American investor following the stablecoin’s downfall in May 2022. Utah resident Jeffrey Lockhart named the crypto exchange and its CEO Brian Shroder defendants in his class-action suit. He claims that Binance endorsed the safety of the stablecoin despite it being […]
Canopy Growth Stocks Suffer Record Low
Canopy Growth, Corp (TSX: WEED) hit a new low on Monday as stocks plummeted in the Canadian market with investors growing apprehensive over rising interest rates aimed at taming inflation. The leading Canadian licensed producer (LP) registered a painful 52-week low, dipping by 9.05% to C$4.22. Monday’s low also marks a six-year record for the […]
The “Materially False And Misleading Statements” That Earned Mullen A Class Action Suit (And Are They Still Making Them)
A class action suit was filed against Mullen Automotive, Inc. (Nasdaq: MULN) on Monday claiming the firm “made materially false and misleading statements.” The suit heavily banks on the report released on April 6 by short seller Hindenburg Research which enumerated a myriad of reasons why it believes the electric vehicle manufacturer is all about […]
Fire & Flower Shares Fall 5% Following Fiscal Q1 2022 Earnings
Fire & Flower Holdings Corp. (TSX: FAF) released today its financial results for the fiscal Q1 ended April 30, 2022. The report highlighted a quarterly revenue of $40.9 million, an increase from $42.7 million last quarter but a decline from $44.1 million in revenue for the same comparable period last year. The cannabis firm said […]
Starbucks May Close Its (Restroom) Doors To The Public
Four years after opening up their restrooms to anyone who needed it, Starbucks (NASDAQ: SBUX) CEO Howard Schultz is mulling over pedaling back on the policy to keep their stores safer for everyone. “We have to harden our stores and provide safety for our people,” Schultz said on Thursday at The New York Times’ DealBook […]