The first half of 2023 was rough on Canadian oil and gas stocks after a stellar 2022, but bullish sentiment remains. Investors single out as obstacles an adverse policy environment and sentiment toward the industry, and point to the need for ongoing capital investment as the green energy transition stutters. Eric Nuttall, a leading oil…
Canadian Oil Investors Remain Upbeat, Call for Greater Investment and Production
‘Depraved Desperation’: Bud Light’s Latest Promotion Gets Ripped on YouTube
Bud Light’s latest ad is getting slammed online as the beer brand keeps garnering angry comments and a huge number of dislikes, with the company facing ire from both sides of the social aisle. Released on the weekend of July 4, the latest ad, “Backyard Grunts with Travis Kelce,” features Kansas City Chiefs star Travis…
Twitter CEO Backs Widely Criticized Tweet-Reading Rate Limits
Twitter CEO Linda Yaccarino on Tuesday wrote in a tweet a defense of the temporary cap announced on July 1 on the number of tweets users can read in a day, and the company said advertizing has been stable in the days since the step that drew heavy criticism from users and marketing professionals. Ms….
Shares Slip on China Growth Jitters as Fed Minutes Loom
July 5, 2023
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LONDON/SYDNEY—Global shares fell on Wednesday as fresh signs of China’s faltering economic recovery emerged, with traders awaiting U.S. Federal Reserve minutes and a key U.S. jobs report later in the week for clues to the central bank’s rate outlook. In quiet trade following the Independence Day holiday on Wall Street on Tuesday, European stocks slipped…
Bankruptcy Filings on the Rise in First Half of 2023
Chapter 11 bankruptcy filings in the United States jumped 68 percent in the first half of 2023 compared to the same period last year, according to Epiq Bankruptcy, a provider of bankruptcy filing data. Epiq reported a total of 2,973 commercial Chapter 11 bankruptcies were filed in the first six months of 2023, compared to…
Judge Delivers Major Blow to Biden Admin in Social Media Censorship Case
July 4, 2023
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A federal judge has made a historic ruling by partially granting an injunction that blocks various Biden administration officials and government agencies like the Justice Department and the FBI from working with big tech firms to censor posts on social media. The injunction came in response to a censorship-by-proxy lawsuit brought by attorneys general in…
Nike Stock Slides as Inflation Hightens
Nike Inc. was affected by higher costs worldwide and had lower-than-expected profits in its fourth quarter results released last week, leading to a decline in its share price. Although the company’s sales were stable, its profits were hit by inflation, leading to a 3 percent decrease in its share price, Yahoo Finance reported. Gross margins…
Online Marketplace for Companies Supporting Conservative Values to Go Public
A “parallel” online marketplace aiming to provide a solution for Americans who want to shop with businesses aligning with conservative values is looking to go public. Colombier Acquisition Corps, a publicly traded acquisition company, has announced plans to merge with online marketplace PublicSq, according to a June 30 press release. “We have witnessed the pronounced…
Twitter Says Users Must Be Verified to Access TweetDeck
Twitter users will soon need to be verified in order to use TweetDeck, the social media company said in a tweet on Monday. The change will take effect in 30 days, the company said. Twitter made the announcement in a tweet detailing an improved version of TweetDeck with new features. It was unclear if Twitter…
Stocks Drift as Investors Balance Peak Rate Hopes With Oil Price Rise
July 4, 2023
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LONDON/HONG KONG—Global stocks held steady on Tuesday, as investors balanced the inflationary force of rising oil prices with hopes that central banks would not over-tighten monetary policy into a potential recession. MSCI’s broadest index of world stocks, which rose almost 6 percent last month as the U.S. Federal Reserve paused its cycle of aggressive rate…
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