Federal Reserve to Lift Bank Dividend Limits, Buyback Restrictions in June
Following a recent move to lift the SLR exemption amid a improving economic outlook, the US Fed has given banks more leeway by removing— as was largely anticipated— the limits on bank buybacks and dividends come the end of June. If major US banks pass the next round of stress tests with adequate capital, they […]
Future Shock: A Forward Look At The Uranium Market
Title card presented with apologies to Herbie Hancock. There might be more written about energy and climate than anything else, and why not? On-demand electric power is as much a part of post-industrial life as running water, and the fallout from generations of its generation is a collective problem; overcoming it is a generational challenge. […]
Bitcoin Jumps After Tesla Begins Accepting Crypto as Payment for Cars
The price of bitcoin rose by nearly 5% to above $55,000 on Wednesday, after Elon Musk confirmed that Tesla will now begin accepting Bitcoin as payment. In a series of early-morning tweets, Tesla CEO Elon Musk said US customers will now officially be able to purchase Teslas using bitcoin— noting that international buyers will be […]
Trulieve: Analysts Raise Price Targets Following Q4 Results
Yesterday, Trulieve Cannabis (CSE: TRUL) announced their fourth quarter and year-end financial for 2020. The company reported record revenues, beating both management’s guidance and the slightly higher analyst estimates. Trulieve reported $521.5 million in revenue for the full year and $168.4 million for the fourth quarter. The company reported a net income of $63 million […]
Robinhood Creating Platform to Allow Amateur Investors to Buy IPOs, Including its Own
While still brushing off daytrader anguish and congressional scrutiny after its decision to pause trading of several heavily-shorted meme stocks, Robinhood has decided to take another approach at pushing its “democratize finance for all” narrative, this time by building a platform that will allow users to buy into IPOs. Last month, Robinhood faced an onslaught […]
Suez Canal Traffic Jam Costing $400 million Per Hour In Delayed Goods
Costs of the Suez Canal blockage are rapidly rising, as the wedged container ship continues to hold up millions of dollars in goods each hour, forcing some logistics companies to reroute cargos through longer routes, causing major delays. The beached mega-container vessel, Ever Given, is creating a tremendous burden on already-strained global supply chains. According […]
AMC Stock: The Show Must Go On
AMC stock is hot action right now. Is it a flash fire, or could the market be telling us something about the future of the movie business? In March of 2020, the Motion Picture Association released its THEME annual report detailing the state of the business of making and selling movies to the public in […]
Equinox Gold: Analysts Drop Price Targets Off Back Of Feasibility Study
On March 22nd, Equinox Gold (TSX: EQX) Gold announced a positive feasibility study for their castle mountain phase 2 expansion. The company said phase 2 should produce 3.2 million ounces of gold with an all-in sustaining cost of $858 per ounce of gold. Equinox Gold currently has nine analysts covering the company with a weighted […]
US Mortgage Rates Soar to 9-Month High
Marking the sixth straight week of increases, US mortgage rates jumped to their highest level in over nine months, threatening to derail the ongoing housing rally. According to the latest Freddie Mac data, the average rate for the 30-year fixed mortgage rose from 3.09% to 3.17% on Thursday, reaching the highest level since the week […]
SAFE Banking: Will The Vice President Break The Tie? – The Daily Dive feat Thomas Howard
For the final episode of the trading week, The Daily Dive host Cassandra Leah sits down with Thomas Howard, a cannabis industry lawyer and a host of the Cannabis Legalization News podcast and YouTube channel. Thomas joins us this morning to discuss the SAFE banking act, the oncoming potential for profitability among operators, and his […]