Bill Ackman Doubles Down on Call for More Aggressive Interest Rate Hikes to Cool Inflation
Billionaire investor Bill Ackman is once again calling on the Federal Reserve to wake up and tackle inflation more aggressively, before markets succumb to a complete collapse. In a series of tweets published on Tuesday, the Pershing Square hedge fund manager warned that the only way to cool the current record-high inflation is to further […]
Dick’s Sporting Goods Rallies Amid Guidance Cut
Dick’s Sporting Goods (NYSE: DKS) released yesterday its financial results for fiscal Q1 2022, highlighting quarterly revenue of US$2.70 billion. This is a decrease from Q4 2021’s US$3.35 billion and Q1 2021’s US$2.92 billion. The quarterly financials also accompanied a guidance cut for fiscal year 2022 from the previously announced estimates last quarter. This is […]
Jack Dorsey: The Last Co-Founder To Leave Twitter
Former Twitter (NYSE: TWTR) CEO Jack Dorsey has stepped down from the company’s board, making him the last co-founder of the social media enterprise to leave the firm. The move was expected as it was announced in November 2021, when Dorsey stepped down as CEO, that he will “remain a member of the board until […]
Elon Musk Drops Margin Loan Commitments, Looks To Finance Twitter Acquisition With Equity Financing
Tesla (Nasdaq: TSLA) CEO Elon Musk has finally dropped his plans to partly finance his planned Twitter (NYSE: TWTR) buyout through margin loans. An SEC filing disclosed that Musk allowed “the remainder of the margin loan commitments” to expire on Monday. This effectively increases the equity component of the purchase consideration to US$33.5 billion, which […]
Equinox Gold To Monetize Assets Via Royalty Venture With Sandstorm Gold
Equinox Gold (TSX: EQX) is evidently looking to further monetize its assets, alongside that of Sandstorm Gold (TSX: SSL). The duo this morning announced that they would jointly launch Sandbox Royalties, a new royalty company that is presently referred to as Rosedale Resources. The arrangement will see the two producers sell a portfolio of royalties […]
Karora Resources Increases Financing To $60 Million
Investor demand is evidently still present within the mining sector. Karora Resources (TSX: KRR) this morning expanded the size of its bought deal that was announced late on Tuesday. The bought deal financing has been upsized from the original $50.0 million figure it was looking to raise to that of $60.0 million. The offering, lead […]
Ayr Wellness Sees Revenues Stay Flat In First Quarter Of 2022
Revenue across the US cannabis sector continues to be flat at best within first quarter results published by operators. Ayr Wellness (CSE: AYR.A) was the latest such firm to post its first quarter results this morning, posting revenues that were flat relative to the fourth quarter of 2021. Revenue for the quarter came in at […]
Freegold Intersects 1.22 g/t Gold Over 559.9 Metres
Freegold Ventures (TSX: FVL) this morning released further drill results from its 2021 drill program conducted at the Golden Summit Project, which is found near to Fairbanks, Alaska. A total of six drill holes, covering just under 3,600 metres of drilling, were released this morning by the company. Highlights from the program include: GS2119: 0.63 […]
Well Health: Canaccord Slashes Price Target To $6
On May 11th, WELL Health Technologies Corp. (TSX: WELL) reported its first quarter financial results. The company reported revenues of $126.5 million, up from $115.68 million sequentially. Gross profits meanwhile increased to $69.39 million, but as a percentage of revenue, it is flat sequentially at 54.8%. The company’s adjusted EBITDA came in slightly lower quarter […]
Have Democrats Started Rallying Against Elon Musk?
Or are they still doing “everything they can to ignore” him? Barely a week after Tesla CEO Elon Musk tweeted his decision to “vote Republican,” a California Democrat posted about his Senate bid on a platform seemingly built singularly on stopping Tesla (NASDAQ: TSLA) and Musk. Dan O’Dowd, the founder of The Dawn Project and […]