Airlines tighten belts to cut expenses as revenue plummets; Casinos bide their time until they can re-open; and Concert Facilities & Sporting Events go silent. [more]
The VIX remains in the “High Volatility” range and reversed direction to return above 30. New coronavirus cases remain steady, above 20K/day, and another 2.6 million Americans filed for unemployment claims. [more]
Hut 8 Mining struggled to maintain top line revenues, which decreased by 14% in Q1/2020, and Riot Blockchain purchased US$1.9 million of next-generation cryptocurrency mining machines from BitMain Technologies to save on energy costs. [more]
Highlights from Adelaide Capital’s CleanTech webinar with Aureus Energy, mCloud, Nano One, Questor and Thermal Energy. Competing in the trillion-dollar market. [more]
Shopify, Netflix, Roku, Peloton, Etsy, and Pinterest book Y/Y revenue gains in 28%-60% range but some are still not profitable. [more]
SSR Mining and Alacer Gold merging; Adriatic Metals to acquire Tethyan Resource; and, Gold X & Gran Colombia trying to merge with Guyana Goldfields thwarting Silvercorp’s plan to merge with Guyana Goldfields [more]
The VIX remains in the “High Volatility” range but closed the week below 30 for the first time since February. U.S. Unemployment Rate is 14.7%, the highest rate since the Great Depression and wipes out all of the job gains since 2000. [more]
Uber’s stock price increased after reporting a $2.9B loss and withdrawing guidance. Lyft’s stock price was also higher after reporting a $398M loss but more rides. However, California’s attorney general sued both for violating the recently passed state law regarding gig economy workers. [more]
State-of-the-art cultivation and manufacturing facility expands capacity by 66,000 sq. ft to a total of 88,000 sq. ft of indoor and greenhouse space. [more]
Xebec recorded record annual revenue of $49.3 million and re-affirmed 2020 Revenue growth guidance in the 60%-80% range. Well-funded for growth from equity financings in Q3 & Q4/2019 of $35.2 million and a $10M unsecured loan facility announced this week. [more]
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