Microsoft Finally Closes Heavily Scrutinized $69 Billion Activision Blizzard Purchase
Microsoft (NASDAQ: MSFT) has officially finalized its $69 billion acquisition of game publishing behemoth Activision Blizzard (NASDAQ: ATVI), marking it as the tech giant’s largest purchase in its nearly half-century existence. This merger comes after surmounting regulatory hurdles in both the U.K. and Europe. Activision Blizzard, who is behind prominent video game titles like Call […]
US Gov’t Claims Ex-Senate Foreign Relations Committee Head Is An Agent For Egypt
US Senator Robert Menendez, already under the shadow of corruption charges, now faces additional allegations of acting as a foreign agent for Egypt. This new indictment contends that Menendez and his wife, Nadine, provided “sensitive US government information” that benefitted the Egyptian government. These charges come on the heels of accusations of bribery, to which […]
Bank Of Canada Pandemic Purchases Total To $795 Billion–Report
The COVID-19 pandemic triggered a global economic crisis, sending shockwaves through financial markets. In a report titled “A Review of the Bank of Canada’s Support of Key Financial Markets During the COVID-19 Crisis,” authored by Joshua Fernandes and Michael Mueller of the Financial Markets Department of the Bank of Canada (BoC), an insightful account of […]
TerrAscend Increases 2023 Adjusted EBITDA Guidance By 8% To $63 Million
TerrAscend Corp (TSX: TSND) has raised guidance ahead of the launch of an investor day in Toronto scheduled for today. The company this morning lifted guidance on both net revenues and adjusted EBITDA from continuing operations for 2023. Net revenue guidance has been bumped by 3.9%, from at least $305 million to at least $317 […]
Gold, Oil Jump Following Uncertainty In Middle East
The price of gold and oil has rallied this morning off the back of continued uncertainty in the Middle East. The rally follows the launch of long range rockets by Hamas into the territory of Israel, while the terrorist group calls on Friday to be a “Day of Jihad.” Israel meanwhile is expected to imminently […]
AMC CEO Adam Aron Sent Nudes In A Catfish-Turned-Blackmail Scheme
AMC Entertainment (NYSE: AMC) CEO Adam Aron found himself embroiled in a salacious texting scandal that unfolded over several weeks. A woman, using fake identities, attempted to extort him for a significant sum of money, resorting to sexually explicit images and messages as leverage. The intricate web of deceit and blackmail, commonly referred to as […]
Inflation Hits the Rich: LVMH Reports Slower Sales Growth in 3Q 2023
LVMH Moet Hennessy (OTC: LVMUY), perhaps the flagship luxury goods manufacturer in the world, reported much softer across-the-board sales growth in 3Q 2023 than in 1Q 2023 and 2Q 2023. This slowdown could suggest that even the rich are being squeezed by the economy and by persistent inflation. Headquartered in Paris, France, LVHM owns world-famous luxury […]
Element 29: The Peruvian Copper Assets
Element 29 Resources Inc. (TSXV: ECU) is a Vancouver-based copper exploration and development company, focused on advancing its Elida and Flor de Cobre projects in Peru, the world’s second largest copper producing country.
U.S. Slams Financial Door on Iran: $6 Billion Frozen Amid Hamas Fears
The United States, in collaboration with Qatar, has halted Iran’s access to $6 billion in funds. This sum had been transferred to Iran following a pact between Washington and Tehran, which resulted in the liberation of five Americans previously imprisoned in Iran. Wally Adeyemo, the deputy Treasury secretary, communicated this decision to House Democrats. He […]
Red White & Bloom To Acquire Aleafia Health Assets Under CCAA Proceedings
Red White & Bloom Brands (CSE: RWB) has nearly acquired the former assets of Aleafia Health (TSX: AH) following a court-approved sale and investment solicitation process. The process was conducted as part of Aleafia’s filing for creditor protection under the Companies’ Creditors Arrangement Act in July. RWB will acquire the assets by way of a […]