On July 28, Tilray (NASDAQ: TLRY) stock surged by 26% in a single trading day after the company published strong quarterly results -- the first earnings report its $4 billion merger with fellow Canadian pot grower Aphria. Revenue shot up, the company finally turned a profit, and its international expansion has begun to pay off. Tilray desperately needed that good news, as its shares are down almost 50% year to date.
A top US bank regulator opted not to consider new policies that would have imposed stricter oversight on asset managers with sizeable investments in banks like Blackrock and Vanguard, even as agency officials agreed the matter merited more attention. The Federal Deposit Insurance Corporation postponed votes on two competing plans that would have given the agency more power to scrutinize asset managers after it was clear neither had the majority backing of the five-member board. "If these fund complexes are using their purportedly passive investment funds to push social policy, to influence bank policy, there's a real significant issue here," said FDIC board member Jonathan McKernan at the agency's public board meeting on Thursday.
Two police officers denied assaulting a 93-year-old disabled man with dementia after a court heard they used a taser, pepper spray and baton on him. Donald Burgess, 93, had dementia and lived in a care home. After a report of a resident wielding a knife and threatening staff in June 2022, PC Stephen Smith and PC Rachel Comotto attended the care home in St Leonards-on-Sea, East Sussex.
Javed Nouri claimed he warned police that asylum seeker Alid was routinely carrying a knife, but police said this was not reported.
TikTok owner ByteDance would prefer shutting down its loss-making app rather than sell it if the Chinese company exhausts all legal options to fight legislation to ban the platform from app stores in the U.S., four sources said. The algorithms TikTok relies on for its operations are deemed core to ByteDance overall operations, which would make a sale of the app with algorithms highly unlikely, said the sources close to the parent. TikTok accounts for a small share of ByteDance's total revenues and daily active users, so the parent would rather have the app shut down in the U.S. in a worst case scenario than sell it to a potential American buyer, they said.
Thunder Bay will see $2.1 million of a $4.4-million investment by the province that will fund 35 projects — 24 of them exploring for critical minerals. This week, Mines Minister George Pirie visited the Ontario Prospectors Exploration Showcase, which took place at the Valhalla Inn, to make the announcement. The funding comes from the Ontario Junior Exploration Program and is part of the province's critical minerals strategy. The showcase featured more than 30 speakers and 50 exhibitors consistin
The prime minister warns that El Niño-triggered heavy rains are likely to continue into May.
This visionary program creates career pathways for hospitality workers in New Orleans.
Fantasy baseball analyst Scott Pianowski breaks down some of the trickiest batters to gauge so far this season in the latest edition of The Buzz.
A body believed to be that of a missing truck driver has been found in a northwest Iowa field not far from where his abandoned rig was discovered on an isolated highway just before Thanksgiving , but details of his death remain a mystery. The Iowa Department of Public Safety said someone in his field discovered a body Wednesday, near where 53-year-old David Schultz's semi was found parked in the middle of the road on Nov. 21. The DPS didn't identify the body as that of Schultz and said in a news release that a forensic autopsy was planned.
Toyota Motor Corp said on Thursday it would invest $1.4 billion in its Princeton facility in Indiana to prepare for assembly of a three-row battery electric SUV. This brings up Toyota's total investment in Indiana to $8 billion and adds up to 340 new jobs at the Japanese automaker. The latest investment comes after the company had said in February it would invest $1.3 billion at its Kentucky facility for electrification efforts, including assembly of a new, three-row battery electric SUV for the U.S. market.
The Los Angeles Police Department said more than 90 people were arrested Wednesday during a day of Gaza War protests at the University of Southern California.
Yahya Sinwar, the Hamas leader, is blocking a deal to release Israeli hostages, the Biden administration has said.
Mr & Mrs Smith star Maya Erskine has confirmed that she is expecting a baby girl with husband Michael Angarano.
Steel Dynamics, Inc. (NASDAQ:STLD) Q1 2024 Earnings Call Transcript April 24, 2024 Steel Dynamics, Inc. isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Good day, and welcome to Steel Dynamics First Quarter 2024 Earnings Conference Call. At this time, all […]
It leapt around 16 feet out of the water, according to a boating company.
Man with shopping cart of guns killed by deputy in Lake Worth
Christopher Robertson has been charged with murdering his wife Kristlynne Robertson, per police
Meta Platforms (META) is all in on generative AI with some on Wall Street believing its executions in artificial intelligence deployments are out-performing peers in the tech space. While reporting a first-quarter earnings beat on the top and bottom line yesterday, Meta's stock has been dragged lower into Thursday's session on the tech giant's disappointing second-quarter outlook. On Meta's earnings call, CEO Mark Zuckerberg believed there's "a clear monetizable opportunity" for up-scalings on AI even though investors fear it will detract from Meta's core business component: its digital advertising. Elevation Partners Co-Founder Roger McNamee — who was an early Meta investor when it originally operated as Facebook — sits down with Yahoo Finance to weigh in on Meta's new AI direction and shares his criticisms on Big Tech's early generative AI adoption before working out the kinks. "If you believe that generative AI is real, then these investments may well work. The challenge that we have here is that this is a classic example of a product category where the demos are mind-bending, but the reality is something far less than that," McNamee explains. "And I think that we have seen consistently in use case after use case that the actual performance in the field has real issues, and the industry itself is trying to pretend like it's not a problem, that the amount of electrical power it requires is greater than the largest states in the country, that it needs more water than a small country. That the architecture itself appears to be deeply flawed..." For more expert insight and the latest market action, click here to watch this full episode. This post was written by Luke Carberry Mogan.
Here’s the last day you can go before the spot closes for good.
Opera singer Danielle de Niese has insisted that while her friends could dance and act when they were young, “nobody could sing like me”.
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