Swarmio Media Launches Gaming Platform With Largest Telco In Philippines
Swarmio Media (CSE: SWRM) this morning made a major announcement. The company has seen the launch of its Ember gaming and esports platform in the Philippines, via one of the largest telecom providers in the country. The platform this morning was launched with Globe Telecom, whom serves over 85 million customers in the country via […]
Canopy Growth On Path For Third Straight Year Of Over A Half Billion In Impairments
Canopy Growth (TSX: WEED) is looking to slash its operations as it works towards achieving the elusive goal that is profitability. The firm this evening indicated it will cut up to $150 million in costs over the next twelve to eighteen months as it looks to revamp operations to reach this goal. In terms of […]
Newly-Released Court Docs Show How Elon Musk’s 2018 Deal With Saudi Fund Fell Through
A transcript of Elon Musk’s exchange with Yassir Al-Rumayyan, the managing director of Saudi Arabia’s Public Investment Fund, was included in a 300-page motion that was filed late Friday as part of an ongoing shareholder lawsuit related to Musk’s “funding secured” tweet to take Tesla (NASDAQ: TSLA) private. In the exchange, Musk confronted the PIF […]
Kinross Gold: BMO Lifts Price Target On Chirano Mine Sale
Yesterday, Kinross Gold (TSX: K) announced the sale of its Chirano mine in Ghana. The company said it has sold its 90% interest in the mine for total consideration of $225 million to Asante Gold (CSE: ASE). The terms of the deal are that Kinross will receive $115 million in cash, $50 million in Asante […]
Billionaires On Elon Musk Twitter Takeover: Bezos Intrigues China Link, Trump Dismisses Comeback
After dominating the news cycle recently, Tesla CEO Elon Musk’s Twitter (NYSE: TWTR) buyout generated reactions from fellow billionaires. From buying a 9% stake in the social media giant, the controversial magnate is set to be the newest owner of the company after the latter signified an optimistic response to Musk’s US$43-billion offer. Bezos Intrigues, […]
Russian Ruble Strengthens Against Euro, US Dollar Despite Sanctions
The Russian ruble continued to gain momentum against both the euro and the US dollar, as markets anticipate a major cascade of tax payments from companies this week. The ruble on Tuesday rose over 0.90% from the previous day’s trading session to around 74.25 per US dollar, the highest in five months. Likewise, the ruble […]
China’s Likely Restrictions in Beijing Could Translate Into Further Inflationary Pressures
Reports of rapid increases in COVID cases in Beijing, China, coupled with that country’s insistence on a zero tolerance COVID policy, has increased fears that China will impose a strict lockdown on Beijing, just as it did in Shenzhen and the key port city of Shanghai. If strict lockdowns are imposed in Beijing, China’s economic growth […]
Fidelity Investments to Allow Retirement Savers to Include Bitcoin in 401(k) Accounts
Fidelity Investments has become the first retirement-plan provider to offer clients the option to put bitcoin into their 401(k)s retirement savings, in an effort to further embrace cryptocurrencies and initiate broader acceptance among employers. The feature will become available later this year, and will allow Fidelity’s 23,000-some clients that use the financial company’s retirement plans […]
Canaccord: Headwinds To Begin To Pressure Snap Inc Stock
On Thursday Snap Inc (NYSE: SNAP) reported its first-quarter financial results. The firm reported revenues of $1.07 billion, an increase of 38% year over year. The company also reported gross profits of $770 million, or a 61% profit margin, double the $357 million it reported last year. Though, the company reported its 17th consecutive operating […]
Justin Trudeau Creates Independent Public Inquiry Over Government’s Emergency Act Invocation
Prime Minister Justin Trudeau on Monday announced the creation of an independent public inquiry that will investigate the events leading to the federal government’s invocation of the never-before-used Emergencies Act. Trudeau this week created the Public Order Emergency Commission to look into the circumstances that ended up giving the Liberal government unprecedented powers to dismantle […]