Stagflation Fears Mount as PMIs Suggest Surging Costs, Slowing Production
Despite ongoing weaknesses in several sectors of the US economy, the recovery appears to be gaining momentum, as both the Services and Manufacturing side recorded improvements in March. However, the ongoing global supply disruptions have caused significantly higher prices to ensue, with the rate of cost-push inflation soaring by the most on record. According to […]
Intel to Spend $20 Billion on New Chip Plants in Arizona
Intel has announced it will spend $20 billion towards building two new chip factories in Arizona, in a bid to address the worsening global semiconductor shortage that is wreaking havoc on a number of major goods-producing industries. On Tuesday, Intel announced it will be allocating $20 billion towards the construction of two new factories in […]
Bonds Are Attracting More Interest Than Gold – The Daily Dive feat Kai Hoffman
Today on the Daily Dive, we sit down with Kai Hoffman, whom is the Founder and Managing Director of Soar Financial Partners. Kai joins us this afternoon to discuss the impact of the Federal Reserve’s latest actions on the price of gold, what drives gold prices higher, and his thoughts of the impact of bitcoin […]
Semrush: The IPO Deep Dive
Semrush (NYSE: SEMR) is an online platform that offers a suite of tools to companies, brands, and influencers for online visibility analytics – effectively helping them monitor and research their search engine optimization (SEO). In simple terms, they help companies answer questions like “how do I show up more on Google?” Founded by Oleg Shchegolev […]
WeedMD: Canaccord Initiates Coverage With $0.60 Price Target
Yesterday morning, Canaccord Genuity initiated coverage on WeedMD Inc (TSXV: WMD) with a C$0.60 12-month price target and a speculative buy rating. Shaan Mir, Canaccord’s analyst headlines, “Don’t forget about the medicine.” He calls WeedMD a, “unique medical cannabis strategy that has secured preferred access to ~350,000 patients while sharing in the upside potential of […]
Coinsquare Must Release Thousands of Clients’ Data to CRA, Federal Court Rules
One of Canada’s largest cryptocurrency trading platforms will now have to hand over the identities and transaction records for tens of thousands of its users to the Canada Revenue Agency. According to a Federal Court ruling last week, Coinsquare is being ordered to release data on users that had either deposited or held over $20,000 […]
SKRR Exploration Releases Final Results From Olson Drill Program
SKRR Exploration (TSXV: SKRR) this morning released the final drill results from the Fall 2020 drill program at the firms Olson property. Results released this morning consisted of data from 13 drill holes from the 3,000 metre drill program, with gold intersected in all target zones. Highlights from the drill program include drill hole OL20017, […]
Xebec Adsorption Reports Q4 2020 Revenues Of $6.4 Million, Net Loss Of $28.3 Million
Xebec Adsorption (TSX: XBC) this morning reported its fourth quarter financial results. The company reported fourth quarter revenues of $6.4 million, as well as a net loss of $28.3 million. For the full fiscal year, revenues amounted to $56.5 million, below revised management guidance, while the net loss amounted to $32.0 million. Revenues declined 65.2% […]
West Red Lake Gold Provides Exploration Update For Ongoing Program
West Red Lake Gold Mines (CSE: RLG) this morning provided an update to its currently ongoing exploration program at its flagship West Red Lake Gold project. The company is currently undertaking a 16-hole drill program targeting mineralization between surface and the first level of the historic Rowan Mine on the property. The company is currently […]
Newlox Gold Begins Construction Of Second Gold Processing Plant
Newlox Gold Ventures Corp (CSE: LUX) has begun construction at its second precious metals processing plant. Referred to as the Boston Project, or Plant 2, the facility is fully permitted as well as fully funded. The Boston project at full capacity will be capable of processing 150 tonnes per day of raw material, with the […]