Is The Fed Pushing Us Into A Recession? – The Daily Dive
Sitting down with us today on the Daily Dive is Ted Oakley, Managing Partner of Oxbow Advisors. Ted sits down with us this afternoon to discuss the potential expansion of NATO and its impact on global markets, consumer trends in the face of rising food and fuel prices, and the problem of inflation. Also discussed […]
Medipharm Labs: Canaccord Drops Target To Just $0.10
On May 16, Medipharm Labs (TSX: LABS) reported its first quarter financial results. The company reported revenues of $4.87 million, down from $5.5 million last year. While gross profits still came in negative at ($403,000), it was better than the ($680,000) a year ago. The company also reported a slightly better net loss and adjusted […]
CytoDyn Is Ready To Welcome Back The Former Chief Medical Officer It Terminated
It seems CytoDyn Inc. (OTCQB: CYDY) is ready to extend an olive branch to its former chief medical officer. The firm announced on Sunday that it had reached a non-cash settlement with Dr. Richard Pestell related to the latter’s breach of contract and defamation suit against his former company. The settlement entails a quitclaim from […]
Snap Shares Plummet Over 39% As CEO Warns Revenue Below Guidance Amid Grim Market Outlook, Takes SocMed Names With It
Like the ephemeral nature of its social media app Snapchat, Snap Inc. (NYSE: SNAP) saw its Q2 2022 guidance quickly disappear within a month after announcing it. The company is expecting to miss the lower end of the bracket for its revenue and adjusted EBITDA outlook. In an 8K filing on Monday, the company blames […]
Mosaic’s April Results Point To Rising Cost Of Agricultural Inputs
The Mosaic Company (NYSE: MOS) after the bell yesterday reported its revenue and sales results for the month of April. The results, quite simply, point to the rising cost of agricultural inputs amid continued conflict in Europe. The company saw significant revenue improvements on a year over year basis in all three segments that it […]
Osisko Development Achieves NYSE Listing, To Remove Escrow On $119.4 Million Financing
It appears that another Canadian issuer is headed to the US big boards. Osisko Development (TSXV: ODV) yesterday indicated that it will be the latest such issuer to make the jump, with the announcement that it has been approved to list on the New York Stock Exchange. The company is expected to begin trading on […]
Filo Mining Intersects 0.66% Copper Over 1,338 Metres
Filo Mining (TSX: FIL) continues to hit significant intercepts at its Filo del Sol project in Chile. The company last night reported further results from the ongoing drill program, with a total of two holes released, including its best result to date. Results released this morning include: FSDH055C: 1,337.5 metres of 0.66% copper, 0.54 g/t […]
Arena Minerals To Collaborate With Lithium Americas In Argentina
Arena Minerals (TSXV: AN) continues to get closer with that of Lithium Americas (TSX: LAC). The duo this morning indicated that they will be entering a collaboration agreement focused on the optimization of the Pastos Grandes Basin, where both firms current have projects. Referred to as the Pastos Grandes Technical Collaboration Agreement by Arena, the […]
Commerce SPAC Omnichannel Acquisition Announces Redemption Following No Business Combination Deal
Special purpose acquisition company Omnichannel Acquisition Corp. (NYSE: OCA) announced that it will redeem all its outstanding shares as it looks to cease operations. This follows after it has failed to consummate an initial business combination within the prescribed period. The blank check firm looks at June 1, 2022, as its last trading day on […]
Is A Recession On The Horizon? This Stripper Says It’s Already Here
Are we headed towards a recession? There are many possible indicators: the skyrocketing price of gas, record-breaking inflation, Russia’s war in Ukraine and the resulting cost of living crisis in Europe, and of course the Omicron-induced lockdowns in China. But no one’s officially calling it yet, and those who can call it aren’t ready to […]