Despite the RCMP saying that information on donors to the Freedom Convoy protest is not being forwarded to banks under the Emergencies Act, an Ottawa defence lawyer says banks may act of their own accord and freeze the accounts of a wide range of protest supporters, including donors. In a Feb. 21 statement, RCMP said that…
Ottawa Lawyer Says Convoy Protest Donors May Have Accounts Frozen, Despite RCMP’s Claims Otherwise
Canada’s Trudeau Revokes Use of Emergencies Act
Prime Minister Justin Trudeau announced today he is revoking the use of the Emergencies Act, saying the situation is no longer an emergency. The Prime Minister defended invoking the Act in the first place, saying “It was the responsible and necessary thing to do.” He made the announcement during a press conference in Ottawa on…
Why Monday.Com Stock Is Plunging Today
Monday.Com Ltd. reported fourth-quarter FY21 revenue growth of 91 percent year-on-year to $95.5 million, beating the consensus of $87.8 million. The net dollar retention rate was over 120 percent. The net dollar retention rate for customers with over ten users was over 135 percent. The total number of paid customers was 152,048, up 34 percent from 113,888…
Stratasys Clocks 17 Percent Revenue Growth in Q4 Backed by Growth Across All Technologies, Regions
Stratasys Ltd. reported fourth-quarter FY21 revenue growth of 17.3 percent year-on-year to $167 million, beating the consensus of $165 million. Product sales rose 19 percent Y/Y to $118.04 million. Services revenue increased 13.2 percent Y/Y to $48.98 million. The non-GAAP gross margin contracted 80 bps to 48.7 percent. Non-GAAP EPS of $0.01 beat the consensus loss…
Sanofi and GSK Say COVID-19 Vaccine Did Well in Trial, Will Seek US Clearance
A COVID-19 vaccine created by Sanofi and GlaxoSmithKline (GSK) performed well in a clinical trial, the companies said on Feb. 23. The vaccine was 100 percent effective against hospitalization, 75 percent effective against moderate to severe disease, and 58 percent effective against any symptoms, the companies said in a joint statement. The phase 3 trial,…
China’s ‘Robo-Yak’: Not Its Best Foot Forward
Commentary In recent commentaries, I have written a lot about the People’s Liberation Army (PLA) and its efforts to embrace “intelligentized” warfare. These means creating “intelligent weapons” such as autonomous systems, for example, robots. Robotics systems of warfare are basically drones, capable of operating without human controls. Increasingly, autonomous systems are being considered for any…
Biden Announces US Sanctions Against Nord Stream 2 Project Company
February 23, 2022
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President Joe Biden on Wednesday announced new sanctions related to the Nord Stream 2 Pipeline. On Monday, Russian Vladimir Putin declared two regions within Ukraine to be independent and then signed a decree authorizing troops to move into the two breakaway regions. In response Tuesday, German Chancellor Olaf Sholz announced a halt to the certification…
What Makes a Great Gumbo?
I gathered with a small group in a back room at SoBou, a Creole restaurant in the French Quarter of New Orleans. Each of us had a little cup of a deep brown stew with pieces of chicken and sausage rising above the surface and a small scoop of potato salad in the middle. This…
Stock Wars: Denny’s Versus Shake Shack
Benzinga’s weekly Stock Wars matches up two leaders in a major industry sector with the goal of determining which company is the better investment. This week, the duel is between two popular restaurant chains: Denny’s Corp. and Shake Shack Inc. The Case for Denny’s This company traces its roots back to a coffee shop called…
Small Businesses Continue to Struggle: Fed Survey
Small businesses in the United States are going through hard times, struggling to generate revenue and in poor financial condition after more than two years since the COVID-19 pandemic broke out, reveals a report jointly published by 12 Federal Banks. “Many small businesses have not recovered to pre-pandemic levels, in terms of both revenue and…
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