Strong Q3 Revenue Fails to Lift AMD as Stock Falls 7% on Weak AI Outlook
Advanced Micro Devices Inc. (NASDAQ: AMD) reported third-quarter results, showing a mix of achievement and concern for investors. The semiconductor company exceeded revenue expectations but provided a cautious fourth-quarter outlook that disappointed some analysts, sending AMD’s stock down over 7% in after-hours trading. The firm posted a quarterly revenue of $6.82 billion, beating the consensus […]
Reddit Surprises Wall Street with Record Growth and Profit in Q3 Earnings
Reddit, Inc. (NYSE: RDDT) announced its third-quarter 2024 financial results on Tuesday, surpassing analysts’ estimates across several key metrics. The social media giant’s quarterly earnings came in at 16 cents per share, exceeding analysts’ consensus projection of a loss of 8 cents. This result highlights a substantial improvement from the same period last year, driven […]
A Monster Deposit: Every Hole Hit Gold Mineralization | Golden Cariboo Resources with Frank Callaghan
In this interview at the Commodities Global Expo 2024, Frank Callaghan, CEO of Golden Cariboo Resources Ltd. (CSE: GCC) (WKN: A402CQ) (FSE: 3TZ), provides insights into both the broader gold market and his company’s recent exploration success.
Former Forbes 30 Under 30 Tech Honoree Settles SEC Charges Over AI Robot Claims
A Miami-based artificial intelligence startup CEO, who was previously named to Forbes Georgia’s 30 Under 30 list, has agreed to pay more than $64,000 to settle Securities and Exchange Commission charges that she misled investors about her company’s ability to produce a humanoid robot companion. The SEC alleged that Megi Kavtaradze and her company, Destiny […]
Canadian Food Bank Usage Hits Historic High, Surpassing 2 Million Monthly Visits
Food bank usage in Canada has reached unprecedented levels, with more than 2 million visits recorded in March 2024, marking a 6% increase from 2023 and a staggering 90% rise since 2019, according to Food Banks Canada’s annual HungerCount report released Monday. The surge represents a dramatic shift in food bank utilization, taking about 25 […]
High Grade Past Producing Gold Mine Ready To Go? | Element79 with James Tworek
In this interview at the Commodities Global Expo 2024, James C. Tworek, CEO of Element79 Gold Corp. (CSE: ELEM) (FSE: 7YS0), outlines the company’s dual strategy of generating near-term cash flow while advancing resource development. Tworek highlights their past-producing Peruvian mine, which boasts an impressive historical production record of 20-40,000 ounces annually at exceptional grades […]
Google Granted Exemption in Canada’s Online News Act
The Canadian Radio-television and Telecommunications Commission (CRTC) has approved Google’s request for exemption under Canada’s Online News Act, paving the way for an annual $100 million contribution from the tech company to Canadian news organizations. This decision represents the first approval under the Online News Act Application and Exemption Regulations, aiming to secure a new […]
WaPo Hemorrhages 8% of Subscribers Over No-Endorsement Policy
The Washington Post is facing major disruption after owner Jeff Bezos’s decision to block the newspaper’s planned endorsement of Vice President Kamala Harris in the presidential race, resulting in more than 200,000 canceled digital subscriptions and multiple staff resignations. The cancellations, representing approximately 8% of the Post’s 2.5 million total subscribers, came after the paper […]
PayPal’s Growth Plan in Doubt as Revenue Falls Short, Stock Slips
PayPal Holdings, Inc. (NASDAQ: PYPL) announced its third-quarter 2024 earnings today, reporting mixed results that saw strong earnings but a slight revenue miss against market expectations. Revenue for the quarter came in at $7.85 billion, up 6% from $7.42 billion in the same period last year, yet falling just short of analysts’ forecasts of $7.89 […]
BP Reports Lower Q3 Profits but Outperforms Market Expectations
BP (NYSE: BP) reported a sharp drop in third-quarter profits for 2024, with profits declining by approximately 30% from the previous quarter to $2.3 billion, the company’s weakest quarterly result in nearly four years. Despite this, BP’s performance exceeded market expectations, largely due to favorable gas prices, even as refining margins and oil trading results […]