Singapore-Based A SPAC II Acquisition Prices US$185 Million IPO
Special purpose acquisition company A SPAC II Acquisition Corp. (Nasdaq: ASCBU) started trading on the Nasdaq Capital Market on Tuesday. The firm aims to raise US$185.0 million in its initial public offering. The offering consisted of 18.5 million company units at US$10.00 per unit. Each unit contains one Class A common share, one-half of a […]
Pay Increase, Inflation, Suspended Outlook: Starbucks Shares Spike 5% Following Fiscal Q2 2022 Financials
Starbucks(Nasdaq: SBUX) released on Tuesday its fiscal Q2 2022 financial results. The company posted US$7.64 billion in revenue, an increase from Q2 2022’s revenue of US$6.67 billion and also in-line with the estimates. Following the earnings release, the beverage firm’s shares spiked as much as 5% pre-market. While North America store sales increased by 12%, international […]
Zoltan Pozsar: “The Fed Will Do QE Again By Summer 2023”
Continuing on his Bretton Woods III theory, Credit Suisse contributor Zoltan Pozsar laid out the possible chokepoints in a new economic world order tied to commodities. “Our aim with this review is to build an “inventory” of triggers that may lead to “G-SIB score-like” chokepoints to the flow of commodities,” said Pozsar. He also said […]
Equinox Gold Declares US$223.2 Million In Revenue, US$19.8 Million Net Loss For Q1 2022
Equinox Gold Corp. (TSX: EQX) reported on late Tuesday its financial and operational results for Q1 2022, which highlighted revenue of US$223.2 million. This is a decrease from last quarter’s US$381.2 million and last year’s US$229.7 million. But the company posted a US$19.8 million net loss which is a notable decrease from last quarter’s US$109.0 […]
CGX Energy Continues To See Cash Position Deteriorate In First Quarter Of 2022
CGX Energy (TSXV: OYL) last night reported its first quarter financial results. While typically exploration-stage financial results are rather un-noteworthy, the latest results from CGX slightly buck this trend. The story on these results, above all else, is the current cash position of the company and the strength of its balance sheet. Over the course […]
RooGold Adds Property In Peel-Manning Zone To Portfolio
RooGold Inc (CSE: ROO) is expanding its land holdings in New South Wales, Australia. The firm this morning indicated it has obtained an additional exploration license near to two projects it currently has within its portfolio of properties. Referred to as the Glenrock Project, the property is now 100% held by Roo Gold via exploration […]
MicroStrategy Expects To Receive A Margin Call At $21,000 Bitcoin
MicroStrategy Inc (NASDAQ: MSTR) last night reported its first quarter financial results. While the results themselves showed a decline in the underlying operating business on a year over year basis, perhaps the more interesting aspect of the results was the associated conference call. Revenue for the quarter came in at $119.3 million, down from $122.9 […]
EU Producer Prices Explode to All-Time High and Surging Energy Costs Bite
For the eighth month in a row, producer prices across Europe continued to skyrocket, largely fuelled by surging energy costs. Latest data from Eurostat showed industrial producer prices jumped 5.4% month-over-month in March, compared to a 1.1% increase in February. Firms in the euro area, meanwhile, reported a 5.3% rise in prices from the month […]
Rising Home, Rental Costs May Force Central Banks to Raise Rates More Than Expected
When discussing the stickiness of inflation and the need for central banks to raise interest rates to bring inflation down to more palatable levels, most market observers tend to focus on items we purchase everyday like groceries and gasoline. A more pernicious foe — and one which may force central banks to raise interest rates to […]
Northern Ireland Needs To Lose 1 Million Sheep and Cattle To Meet Legally-Binding Climate Targets
Northern Ireland faces a loss of more than 1 million cattle and sheep to meet climate emissions targets identified in the jurisdiction’s freshly passed climate act. But the problem is, what would the wet and hilly region produce instead for food? The climate change legislation — which is also the first ever for Northern Ireland […]