Palantir Sees 30% Revenue Jump in Q3 2024, Raises Revenue Guidance Again
Palantir Technologies (NYSE: PLTR) has raised its annual revenue forecast for 2024 for the third time this year. The company now anticipates full-year revenue between $2.805 billion and $2.809 billion, a boost from its prior guidance of $2.742 billion to $2.750 billion. The tech firm posted Q3 2024 revenue of $725.5 million, representing a 30% […]
Uber Q3 Earnings: Is Autonomous Driving A Risk?
Surprise surprise. We’ve got another set of disappointing Q3 tech earnings. The latest culprit? Uber. The ride hailing platform saw its stock crater nearly 11% by midday on Thursday, following the company releasing guidance that suggests that momentum may be slowing in the company’s growth, with the guidance failing to meet analyst expectations. Lets dive […]
Air Canada: More Share Buybacks. Q3 Earnings Breakdown
Air Canada (TSX: AC) investors had a positive reaction on Friday to the company’s third quarter financial results. The positivity came despite declining financial performance on a year over year basis, although the quarter was notably impacted by a strike by the pilots union that led to uncertainty for travelers in late September. Whether this […]
Eldorado Gold: It Takes Money to Build a Mine. Q3 Earnings Breakdown
Well folks, we’ve got another dud set of earnings. The latest name to disappoint, unfortunately, is a gold miner. Eldorado Gold (TSX: ELD) on Thursday reported its third quarter financial results and well, they were rather “meh.” Lets just say the company isn’t exactly making money hand over fist, despite the current gold environment. I […]
Tesla’s $72K Cybertruck Faces Market Test as Reservation List Appears to Dwindle
Recent data reveals conflicting indicators about the Tesla (Nasdaq: TSLA) Cybertruck’s market performance following a price reduction in October. While Cox Automotive reported the Cybertruck as the third best-selling electric vehicle in the US during the third quarter, outperforming established competitors like the Ford F150 Lightning and Mustang Mach-E, and Hyundai Ioniq, a recent report […]
Gold Demand Hits Record Q3 Value as Price Surges
Total gold demand reached unprecedented levels in the third quarter of 2024, surpassing US$100 billion in value for the first time as prices climbed to successive record highs, according to the World Gold Council’s latest Gold Demand Trends report. The quarter saw demand of 1,313 tonnes, marking a 5% increase compared to the same period […]
Quebec Announces Major Immigration Pathway Suspension and Potential Cuts
The Quebec government has announced a temporary suspension of two primary pathways to permanent residency as part of a comprehensive review of its immigration strategy. Immigration Minister Jean-François Roberge confirmed that the province will temporarily stop issuing Quebec Selection Certificates for both the Regular Skilled Worker Program and the Quebec Experience Program. The moratorium, which […]
SEC Probes Freeport-McMoRan Over Indonesian Smelter Safety
The US Securities and Exchange Commission has launched an investigation into Freeport-McMoRan Inc. (NYSE: FCX) regarding potential undisclosed seismic risks at its $3.7 billion copper smelter complex in Indonesia, according to a report from Bloomberg which cited sources familiar with the matter. The investigation stems from a 2022 whistleblower complaint filed by a former senior […]
Flora Growth Reaffirms Supply Deal After Curaleaf Denial
In an unusual twist of corporate he-said-she-said, cannabis giants Curaleaf Holdings (TSX: CURA) and Flora Growth (NASDAQ: FLGC) have found themselves embroiled in a public dispute about the nature—and even the existence—of a supply agreement between them. While Flora Growth has most recently affirmed a new supply agreement to distribute medical cannabis products in Germany, […]
Pump and Dump? Investigation Links MrBeast to $23M in Crypto Transactions
A new investigation is accusing YouTuber Jimmy “MrBeast” Donaldson of cryptocurrency misconduct, adding to a growing list of recent controversies. A team of digital investigators, led by crypto analyst Kasper Vanderloock, has published findings on Loock.io linking Donaldson to over 50 cryptocurrency wallets with transactions totaling approximately $23 million. The investigation claims Donaldson engaged in […]