Tag: Investors

This Toronto-based website surged to a half-billion-dollar valuation almost overnight — thanks in part to interest from conservative American investors

Until recently, Rumble Inc. was just another video-sharing platform toiling in relative obscurity, its presence rendered irrelevant by social media titans like YouTube. Then, almost overnight, its user base surged to 50 million unique page views per month, according to its own metrics, and the money started gushing in. According to the Wall Street Journal,…

Northern investors expand Cannabis Jacks’ presence in the north

Roll back the calendar. Just a few years. Who would have predicted cannabis stores? First, there was one, then a few, and now there will be many. Add to the list the Cannabis Jacks brand. Its launch of three locations in the north – Timmins, North Bay, and Val Caron during the early weeks of…

Investors Beware: The “Can't Lose” Stock Market Won't Last Forever

The stock market continued to move higher Friday, with the Dow Jones Industrial Average (DJINDICES:^DJI) and S&P 500 (SNPINDEX:^GSPC) rising to record closes. The move came largely due to downbeat news on the economic front, as the latest employment report showed a smaller number of new jobs created than most had expected. That might seem…

Laurentian Bank investors react positively to a flurry of news while CN Rail stocks slide on bid for Kansas City Southern: Here are last weeks winners and losers

WINNERS Laurentian Bank (LB) +7.9% There’s been plenty of news for Laurentian investors to react to lately. This past week, a union representing roughly 20 per cent of the bank’s employees was dissolved. April 16, the bank announced that two ratings agencies — S&P and DBRS Morningstar — had upgraded its ratings on the bank’s…

Billionaire & Mets owner Steve Cohen off Twitter after he helped GameStop-ravaged protege, branded Redditor investors ‘jockeys’

Businessman Steve Cohen appears to have deleted his Twitter account amid uproar over the GameStop short squeeze debacle. The Mets owner’s hedge fund drew suspicion after bailing out fellow financiers hit hard by small investors. Steven Cohen’s Point72 Asset Management helped his former protege, Gabriel Plotkin, after the latter’s hedge fund Melvin Capital lost billions…