Hotels To Start Using NFTs To Avoid Losses From Cancellations
Just when you thought post-pandemic travel couldn’t be more problematic, some hotels will soon be avoiding losing money from last-minute cancellations by converting room nights into nonfungible tokens or NFTs. This means that instead of being able to re-book, you’ll be asked to sell your reservation as an NFT on a platform for room night […]
Lithium Mine Auction Result Underscores the Huge Demand for the EV Battery Metal
The results of a May 21-22 auction for a controlling stake in a single-asset development company which owns a lithium mine in southwestern China underscores the tremendous demand for the silvery metal used in electric vehicle (EV) batteries. The website supchina.com reports that GCL Energy Technology, a developer of clean energy projects and owner of […]
Another Wrong Call In The Making? Cathie Wood Predicts 50% Annual GDP Growth In 12 Years From Artificial General Intelligence
When ARK Invest CEO Cathie Wood believes in something, better be sure she will hype it up–even if it risks another wrong call. The tech bull said the country’s gross domestic product could grow up to 50% annually in just 12 years, thanks to artificial general intelligence (AGI). Replying to a tweet by ARK Invest’s […]
Tech Firm Actelis Networks Closes IPO, Raises US$16.9 Million
Networking solutions provider Actelis Networks (Nasdaq: ASNS) closed its initial public offering on the New York Stock Exchange last week. The firm was able to raise US$16.85 million from its oversubscribed IPO. The offering originally consisted of 3.75 million shares priced at US$4.00 per unit for a total IPO size of US$15 million. The underwriter […]
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 […]