Bloc Québécois Leader Blanchet Makes Good on Threat to Challenge Liberals
Bloc Québécois Leader Yves-Francois Blanchet announced that his party is initiating discussions with other opposition parties about potentially bringing down Prime Minister Justin Trudeau’s minority Liberal government, following through on an earlier ultimatum. The Bloc has formally reached out to Conservative and New Democratic Party House leaders, indicating their intention to support future non-confidence motions […]
Nishad Singh Walks Free After FTX Sentencing, Granted “Time Served” For Cooperating
Former FTX engineering director Nishad Singh has been sentenced to “time served” by U.S. District Judge Lewis Kaplan, effectively granting him freedom after his extensive cooperation in the federal case against FTX founder Sam Bankman-Fried. Singh will also be subject to three years of supervised release, a lighter sentence reflecting his pivotal role in exposing […]
MicroStrategy Unveils $42 Billion Plan to Expand Bitcoin Holdings
MicroStrategy (Nasdaq: MSTR), the world’s largest corporate bitcoin holder, has announced an ambitious three-year plan to raise $42 billion for further bitcoin acquisitions. The company’s new “21/21 Plan” aims to secure equal amounts of $21 billion in equity and fixed-income securities to expand its cryptocurrency holdings. “Our focus remains to increase value generated to our […]
Uber’s Revenue Soars 20% in Q3, Yet Shares Drop on Missed Growth Expectations
Uber Technologies Inc. (NYSE: UBER) released its third-quarter 2024 earnings report on Thursday, presenting a rise in revenue and profitability alongside a few noteworthy challenges. While the company outperformed revenue expectations, it narrowly missed targets for gross bookings, a critical metric in assessing demand and growth potential. This mixed result led to a 6% drop […]
Fission Uranium Stakes Four New Projects In Athabasca Basin
Fission Uranium (TSX: FCU) seems to think theres plenty of potential for new discoveries in the Athabasca Basin of Saskatchewan. The uranium developer this morning indicated it has staked four new properties within the region that are said to be prospective for uranium. The properties, with limited historical fieldwork, are said to be highly prospective […]
New Found Gold Says It Has Discovered Another Zone At Depth, Intersects 9.51 g/t Gold Over 7.45 Metres
New Found Gold (TSXV: NFG) is reporting this morning that it has discovered yet another zone at its Queensway property, following the intersection of mineralization in an area between the Golden Joint and Dome zones at the property. The claimed discovery is the result of assays on a single drill hole which was released this […]
Amazon-Owned Zoox to Launch Robotaxi Service in San Francisco and Las Vegas
Zoox, the autonomous vehicle company owned by Amazon (Nasdaq: AMZN), is taking its next major step toward commercialization. At TechCrunch Disrupt 2024, the company revealed its imminent plans to introduce autonomous transportation services in two key markets. The initial rollout will begin with employee rides in San Francisco’s SoMa neighborhood and along the Las Vegas […]
Coinbase Posts Lower-Than-Expected Q3 Earnings with a 17% Revenue Drop and Rising Expenses
Coinbase Global Inc. (NASDAQ: COIN) reported underwhelming Q3 2024 financial results on Wednesday, missing revenue and earnings expectations, which sent shares sliding by 7% in after-hours trading. The trading platform posted Q3 revenue of $1.2 billion, down 5% year-over-year and 17% from Q2, missing Wall Street’s consensus estimate of $1.26 billion. Breaking it down, the […]
Robinhood Posts 36% Revenue Jump in Q3 2024 but Still Misses Estimates
Robinhood Markets, Inc. (NASDAQ: HOOD) reported its third-quarter 2024 earnings, revealing mixed results that sparked a nearly 12% drop in its stock price in after-hours trading. Total net revenue for Q3 2024 was $637 million, up 36% from $467 million in the same period last year but down 7% from $682 million in Q2 2024. […]
Agnico Eagle Q3 2024 Results: Record Cash Flow Amid Rising Costs
Agnico Eagle Mines Limited (TSX: AEM) reported its third-quarter 2024 results, achieving gold production of 863,445 ounces, marking a modest increase from 850,429 ounces in Q3 2023. This output is attributable to solid performances across several key sites, including the Nunavut operations, Macassa, and Detour Lake. Production costs per ounce were $908, up slightly from […]