Newsletter
Grow Generation takes over Big Green Tomato
GrowGeneration (GRWG + 1.1%) announces the acquisition of Big Green Tomato ("BGT"), a chain with two stores in Battle Creek and Taylor, Michigan. BGT has two well-established locations with strong commercial activity and annual sales of approximately $ 16 …
Chinese demand is pushing Aluminium prices through the roof
Aluminum prices (LMAHDS03: COM) are hovering near 18-month highs, with the London Metal Exchange three-month future closing at $ 1,863.50 / mt on Friday, its highest closing value since April 2019. Other nonferrous metals also hit new highs on the LME, with …
Hong Kong Stock Exchange approves Ant Group´s IPO
Multiple media outlets have confirmed that fintech Ant Group (BABA + 1.6%) passed a hearing with the Hong Kong Stock Exchange yesterday that took Ant over the final regulatory hurdle by granting approval for this branch of the dual IPO. Ant Group must now file …
Goldman Sachs to invest in major data center
Goldman Sachs' Merchant Banking Division (GS + 1.8%) is partnering with a management team led by Scott Peterson, Head of the Data Center Industry, to create Global Compute Infrastructure LP, a newly formed global data center infrastructure platform . GS MBD is …
Growing demand for Nickel causes fear of further environmental damages
A new report from IDTechEx says the demand for nickel from batteries for electric vehicles is projected to increase 10-fold by 2030 compared to 2019, and concerns about the metal's environmentally conscious delivery are also growing. According to the market …
Arizona's largest daily newspaper supports legalization push
The largest newspaper in Arizona, backing the campaign to legalize recreational marijuana in the state on Sunday, wrote that "the time has come to correct the mistake" of prohibition made decades ago. The Arizona Republic editorial board endorsement of …
Chilean Environmental Agency calms down the lithium markets
The nation, sitting on half of the world's lithium reserves, has a reassuring message for electric car makers: Tighter environmental controls will not jeopardize future production of the metal used to make batteries. The Chilean Environmental Protection Agency …
KeyBanc continues to be bullish on Netflix
Following a review of streaming options by KeyBanc, their analysts at Netflix and Roku remain bullish after there have been some developments recently. On Netflix (NFLX + 0.9%), KeyBanc remains overweight, noting that a price increase in Canada - by C $ 1 for …
GM showing first signs of sales growth in China in two years
General Motors Co (GM) (N: GM) said Monday that the ongoing market rebound from the COVID-19 crisis helped its Chinese vehicle sales grow 12% year over year in July-September, marking the first Chinese quarterly revenue growth in the Detroit automaker for two …
ECB raises fears of new wave of bad loans
Europe's top banker sounds like the man who wasn't overly careful about what he wanted because now it's come true. Andrea Enria, who heads the European Central Bank's board of directors, rang an alarm bell in an interview published Monday, warning his …