Bumble's (NASDAQ: BMBL) stock surged 27% on May 12 after the online dating company posted its first-quarter earnings report. Revenue rose 24% year-over-year to $211.2 million, which beat its own guidance for 21% to 23% growth.
(Reuters) -A significantly weaker than expected business outlook by memory-chip firm Micron Technology Inc on Thursday raised concern that following nearly two years of strong demand the industry was turning toward a down cycle. Micron forecast adjusted revenue for the current quarter at $7.2 billion, plus or minus $400 million, while Wall Street's outlook was an average of $9.05 billion, according to Refinitiv IBES data. “We believe that demand has weakened considerably and we've seen that even in the areas that have been significantly constrained," Nikolay Todorov, analyst at Longbow Research, said.
Russian lender Rosbank believes a decision by European clearing house Clearstream to block its correspondent account will not have a significant negative impact on its operations, it said in a statement to a Russian media outlet on Saturday. Clearstream said on Friday UK sanctions on June 29 on Rosbank's majority owner Vladimir Potanin, whose Interros Capital clinched a deal in April to buy the lender from French bank Societe Generale, had forced it into its decision. "Clearstream Banking's cash correspondent bank Rosbank is no longer available to receive income proceeds that may result from securities issued outside of Russia and denominated in roubles," Clearstream said.
Gold is considered a good asset to hold in recessions, but oil stocks like Cenovus Energy (TSX:CVE)(NYSE:CVE) are doing better this year. The post Oil Stocks vs. Gold: Which Is Better for a Recession? appeared first on The Motley Fool Canada.
In a new take on ancient technology, Cargill, one of the world's biggest charterers of ships, is to add state-of-the art sails to a vessel early next year to test whether wind power can cut its carbon emissions, a top company executive said. With about 90% of world trade transported by sea, shipping accounts for nearly 3% of the world's CO2 emissions, yet environmental campaigners say efforts by the sector to cut emissions are slow. Leading agri group Cargill will start testing a dry bulk vessel with two wind sails in the first quarter of 2023, Jan Dieleman, president of Cargill's ocean transportation division, told Reuters.
SAN FRANCISCO (AP) — A California agency on Thursday cleared the way for the Oakland Athletics to continue planning a $12 billion waterfront ballpark project. The San Francisco Bay Conservation and Development Commission voted 23-2 to reclassify a 56-acre terminal at the Port of Oakland as a mixed-use area where a new ballpark could be built. The vote is the first in a series of legal hurdles the team would have to overcome before it gets permission to break ground for the project. The commissio
Rock Tech Lithium Inc. (TSX-V: RCK) (OTCQX: RCKTF) (FWB: RJIB) (WKN: A1XF0V) (the "Company" or "Rock Tech") is pleased to announce the latest assay results from the Company's ongoing drill program (the "Drill Program") at its 100%-owned Georgia Lake lithium project in the Thunder Bay Mining District of Ontario (the "Georgia Lake Project").
Are you an investor that isn’t scared of a little volatility? Here are three top picks! The post 3 Growth Stocks Worth Buying if You Can Handle Volatility appeared first on The Motley Fool Canada.
Tribe Property Technologies Inc. (TSXV: TRBE) (OTCQB: TRPTF) ("Tribe" or the "Company") is pleased to announce that we have completed our acquisition of Southview Property Management Inc. ("Southview"), previously announced on May 12, 2022, further strengthening Tribe's property management services in the Greater Vancouver region of British Columbia. The Company is at arms-length from Southview and its existing shareholders.
BOISE, Idaho (AP) — U.S. officials are testing a new wildfire retardant after two decades of buying millions of gallons annually from one supplier, but watchdogs say the expensive strategy is overly fixated on aerial attacks at the expense of hiring more fire-line digging ground crews. The Forest Service used more than 50 million gallons (190 million liters) of retardant for the first time in 2020 as increasingly destructive wildfires plague the West. It exceeded 50 million gallons again last ye
CALGARY — The Calgary Stampede has received more than $10 million from the federal government to help it bounce back after last year's event was scaled down due to the COVID-19 pandemic. A report to the city this week showed the Stampede had an operating loss of $8.3 million in 2021. Last year's Stampede ran at half capacity because of COVID-19 public health measures and was cancelled all-together the year before. Daniel Vandal, the federal minister for Prairies Economic Development Canada, says
The second half of the year started with gains in global stock indexes on Friday ahead of the long U.S. holiday weekend, while the 10-year Treasury yield fell the most since COVID-19 hit markets in March 2020. Stocks were lower early in the New York session but rallied late to end higher. "It's a Friday before a long weekend, so market movements can be somewhat exaggerated," said Peter Cardillo, chief market economist at Spartan Capital Securities in New York.
(TSX: AOI) (Nasdaq-Stockholm: AOI) – Africa Oil Corp. ("AOI", "Africa Oil" or "the Company") is pleased to announce that it has received a dividend from Prime Oil and Gas Cooperatief UA ("Prime"). The Company has a 50% shareholding in Prime. View PDF Version
Modern Plant Based Foods Inc., (CSE: MEAT) ("Modern Plant Based Foods") or (the "Company"), an award-winning plant-based food company is pleased to report that Snacks from the Sun., (SFTS) a portfolio company of Modern Plant-Based Foods has rolled out its vegan, gluten-free sun baked chips into Asia beginning with Southeast Asia after receiving initial order from a supermarket chain based in the Philippines through Global Brand and Export Development LLC, (GSMS LLC). Global Brand and Export Deve
If you are a beginner investor looking for safe, reliable passive income, I've got two TSX stocks you can rely on for the long term. The post 2 Safe Stocks Beginners Can Buy for Reliable Passive Income appeared first on The Motley Fool Canada.
Voyager Digital LLC, the operating platform of Voyager Digital Ltd. ("Voyager" or the "Company") (TSX: VOYG) (OTCQX: VYGVF) (FRA: UCD2), announced it is temporarily suspending trading, deposits, withdrawals and loyalty rewards, effective at 2:00 p.m. Eastern Daylight Time today.
The former top corporate lawyer at Apple Inc pleaded guilty on Thursday to insider trading charges, for what prosecutors called a five-year scheme to trade ahead of the iPhone maker's quarterly earnings announcements. Gene Levoff, 48, of San Carlos, California, pleaded guilty to six securities fraud charges at a hearing before U.S. District Judge William Martini in Newark, New Jersey. Levoff allegedly exploited his roles as corporate secretary, head of corporate law and co-chair of a committee that reviewed drafts of Apple's results to generate $604,000 of illegal gains on more than $14 million of trades from 2011 to 2016.
General Motors Co surpassed Toyota Motor Corp in second-quarter U.S. car sales, data on Friday showed, even as persistent chip shortages and supply-chain disruptions crimped automakers' ability to meet pent-up demand. GM, which lost its crown as the U.S. sales leader last year for the first time since 1931 to Toyota, said it sold 582,401 vehicles in the quarter through June, 15% lower than a year earlier. Toyota, which has been one of the worst hit automakers this year from supply chain disruptions and China's COVID-19 lockdowns, sold 531,105 vehicles, down 22%.
Two dividend ETFs offer ideal diversification because of their exposure to the TSX’s two strongest sectors. The post 2 Dividend ETFs With Significant Exposure to the TSX’s Top 2 Sectors appeared first on The Motley Fool Canada.
Oil stocks like Cenovus Energy (TSX:CVE)(NYSE:CVE) crashed dramatically last week. Here's why. The post Why Did Oil Stocks Crash so Suddenly? appeared first on The Motley Fool Canada.
ROME (AP) — Tesla CEO Elon Musk, whose $44 billion bid to buy Twitter remains in limbo, used the social media platform to announce he had met with Pope Francis. “Honored to meet @Pontifex yesterday,” Musk tweeted of the Friday afternoon audience, alongside a photo showing Musk, Francis and four of Musk’s teenage children. The Vatican didn’t announce the audience or provide any information about what was discussed. Musk’s tweet followed one of a street scene in Venice, suggesting he might have ha
Yahoo Finance