Ford Delivers Its First F-150 Lightning EV Ahead Of The Tesla Cybertruck
Ford Motor Company (NYSE: F) has made the first delivery of its electric pickup truck, the F-150 Lighting to a retail customer in Standish, Michigan. The owner, who was identified as Nicholas Schmidt, is not surprisingly already an electric vehicle enthusiast. He owns a Tesla Model 3, has a booking for the Tesla (NASDAQ: TSLA) […]
USDA Allowing Farmers to Plant Crops on Conservation Land in Effort to Alleviate Global Food Crisis
The US federal government is expected to waive agricultural restrictions on protected land and allow farmers to plant crops in an effort to mitigate the worsening global food crisis. According to the US Department of Agriculture’s website, farmers who are enrolled in the agency’s Conservation Reserve Program can voluntarily cancel their contracts and plant this […]
Rivian: Investors Pay Little Attention to Departure of Manufacturing Head
There is an old axiom in the investing world: when the treasurer of a public company resigns, sell. The theory is the treasurer’s departure may be linked to a coming financial shortfall or findings of accounting irregularities. With this in mind, the recent departure of Charly Mwangi, Rivian Automotive, Inc.’s (NASDAQ: RIVN) EVP of manufacturing engineering, could suggest […]
Maxar Technologies Sees Canaccord Lift Price Target To US$40
On May 25, the U.S National Reconnaissance Office (NRO) announced that they awarded Maxar Technologies (TSX: MAXR) an Electro-Optical Commercial Layer (EOCL) contract. The contract is for a base 5 years with the option to extend the contract for an additional 5 years. The deal is said to represent the largest ever commercial imagery acquisition […]
Twitter Reinstates Board Director Voted Out By The Shareholders
Twitter (NYSE: TWTR) announced that it will keep one of its directors on the board even after he was voted out by the company’s shareholders in the recent annual shareholder’s meeting. Silver Lake co-CEO Egon Durban did not receive a majority of the stockholder vote for his reelection to the board at the annual meeting […]
Sports SPAC ESH Acquisition Files For US$300 Million IPO, Board Includes Magic Johnson
Special purpose acquisition company ESH Acquisition Corp. is looking to go public on the Nasdaq Global Market. The firm announced on Thursday its initial public offering plans at a projected size of US$300.0 million. The offering consists of 30.0 million company units at US$10.00 per share. Each unit consists of one common share and one […]
What Will Make Gold Go Higher? – With David Erfle
For the final video of the week, we sit down with David Erfle of JuniorMiningJunky.com on SmallCapSteve Live! David joins us this afternoon to discuss gold, the federal reserve, and where to potentially deploy risk capital within the current environment. David Erfle stumbled upon the mining space in 2003 as he was looking to invest […]
Elon Musk Sued by Twitter Investors Over Allegedly Manipulating Stock Price
It appears that Elon Musk faces yet another obstacle in his proposed acquisition of Twitter (NYSE: TWTR), this time in the form of a lawsuit filed by the social media company’s investors, who allege the Tesla CEO manipulated the stock price lower in order to save millions of dollars. According to Reuters, a group of […]
UK Unveils Windfall Tax on Utility Providers as Energy Inflation Soars
As energy expenses become increasingly unsustainable for most UK households, the country’s government on Thursday imposed a 25% windfall tax on utility providers’ profits. “We are introducing a temporary, targeted Energy Profits Levy charged on profits of oil and gas companies at a rate of 25%… We’re also building in a new investment allowance that […]
Costco Reports 16.3% Net Sales Growth In Fiscal Q3 2022, Reiterates Hotdog Price Remains At US$1.50
Costco Wholesale (Nasdaq: COST) announced on Thursday its financials for fiscal Q3 2022 ended May 8, 2022. The firm recorded US$51.61 billion in net sales, a jump from Q3 2021’s US$44.38 billion. Adding the revenue contributed by membership fees amounting to US$984 million, the total topline figure came in at US$52.60 billion, beating the street estimate […]