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 […]
PayPal Q3 2024 Earnings: Swing and a Miss
PayPal Holdings (NASDAQ: PYPL) just reported its third quarter 2024 and well.. Investors were not impressed. The stock dumped as much as 8% during intraday trading, which in itself was still a recovery from pre-market trading, where it fell as much as 12.5%. The sell off is said to be the result of revenue not […]
Reddit Q3 Earnings: Smashing Expectations
In what is a nice change of pace for earnings we’ve covered so far this earnings season, Reddit (NYSE: RDDT) has seen a massively positive response to its third quarter results. The company saw its stock soar 24% in after hours trading, crossing the $100 line following the release of their results. We’ve covered Reddit […]
CMOC’s Cobalt Surge Floods Global Market, Driving Eight-Year Price Low
CMOC Group Ltd., the world’s leading cobalt producer, has blown past its full-year production target in just nine months, producing 84,722 tons of cobalt from its African operations through September 2024. This output has already exceeded the company’s original upper guidance of 70,000 tons for the entire year, according to the company’s third quarter earnings […]
Nuclear Reactor Near Fukushima Resumes Operations After 13-Year Hiatus
A nuclear reactor that withstood the devastating 2011 earthquake and tsunami resumed operations Tuesday, marking a significant step in Japan’s renewed commitment to nuclear energy. The No. 2 reactor at the Onagawa nuclear power plant, located 62 miles north of the ill-fated Fukushima Daiichi facility, is expected to begin generating power in early November. The […]
This Metal Makes EV Batteries Safer & Stronger | First Tellurium with Tyrone Docherty
In this interview at the Commodities Global Expo 2024, Tyrone Docherty, CEO of First Tellurium Corp. (CSE: FTEL), provides insights into the company’s unique focus on tellurium and their innovative technological developments. Docherty highlights First Tellurium’s distinctive position as the only junior mining company focused on tellurium, a critical metal essential for solar panel production. […]
India’s Pre-Diwali Gold Rush Drives Global Metal Prices to Record Highs
As millions of Indians welcome the festival of lights, an unprecedented surge in precious metals trading has taken center stage. Market analysts were caught off guard Tuesday as silver prices shattered previous records, reaching a staggering ₹100,000 ($1,200) per kilogram, marking a historic moment in India’s bullion market. Financial experts point to a perfect storm […]
Russian Miner Nornickel Raises 2024 Production Targets
Nornickel announced revised production forecasts for 2024, adjusting its metal output projections across all categories. The Russian-based company’s updated nickel production target ranges from 196,000 to 204,000 metric tons, though this remains below the 209,000 tons produced in 2023. Following maintenance work at its Nadezhda smelter in August, the company reported nickel production of 146,210 […]
Russia Fines Google 2 Undecillion Rubles for Refusing to Restore State Media
Google, a subsidiary of Alphabet (Nasdaq: GOOGL), has accumulated fines totaling approximately 2 undecillion rubles ($2.5 decillion) in Russia for refusing to restore pro-Kremlin and state-run media accounts on YouTube, according to a recent report by RBC news. The astronomical sum of 2 undecillion rubles (an undecillion being a number equal to 1 followed by […]