Civeo Corporation reported first-quarter revenue of $172.7 million and adjusted EBITDA of $22.5 million, surpassing estimates. The net loss improved to $3.8 million from $9.8 million a year earlier, though operating cash flow was negative due to seasonal factors. Despite strong performance driven by Canadian margin recovery and Australian services, the company maintained its full-year 2026 EBITDA guidance due to ongoing diesel and labor inflation and cautious customer spending. This suggests steady but cautious outlook for earnings growth ahead.
Yanik Guillemette, a Montreal-based entrepreneur and investment strategist, criticizes Canada's growing digital regulations, including the CRTC's proposal for streaming platforms to fund Canadian content. He argues these rules increase costs for cons...
Yanik Guillemette, a Canadian tech entrepreneur, criticizes Ottawa's increasing digital regulations, including a proposed 15% revenue tax on streaming platforms and laws C-11, C-18, and C-22. He argues these measures burden the tech ecosystem, raise ...
Centrifuge (CFG) saw an 11% price increase amid growing demand that outpaced capital inflows, with rising numbers of asset and stablecoin holders. Despite the SEC delaying approvals for tokenized stock trading, daily decentralized exchange (DEX) acti...
President Donald Trump stated that negotiations with Iran over its nuclear program are proceeding in an orderly and constructive manner. He emphasized the need for patience and warned against rushing the deal, maintaining the U.S. naval blockade on I...
Brent crude oil prices dropped below $99 following President Trump's announcement that a US-Iran deal to reopen the Strait of Hormuz is largely negotiated, easing supply disruption fears. The Strait of Hormuz is critical, carrying about 20% of global...
