G-7 Economies Agree to Phase Out Financing for Coal Projects, Fossil-Fuel Subsidies
The Group of Seven have decided to begin phasing out financing for coal projects as well as subsidies for the fossil fuel sector, in an effort to further align with global climate targets. According to a statement seen by Bloomberg, the world’s seven largest economies have agreed to halt international financing for coal projects by […]
US Treasury Proposes Stricter Cryptocurrency Compliance with IRS
In an effort to deliver on its promise to intervene in the cryptocurrency market, US Treasury Secretary Janet Yellen has just revealed a new set of regulations that aim to crack down on crypto transactions due to alleged illicit activity and tax evasion. On Thursday, the Treasury Department said it would take further steps to […]
Helium: The High Level Overview
The very hot market for helium stocks welcomes a newly listed company for investors to become aware of; Imperial Helium Corp (TSXV: IHC).As an inert, non-reactive, non-toxic and environmentally safe element, Helium has many important qualities for today’s high-tech global economy. Helium is the earth’s smallest molecule, which makes it ideal for leak detection, and […]
US Existing Home Sales Unexpectedly Fall for Third Straight Month
Sales of existing homes fell for the third consecutive month in April, as low inventories pushed prices by the most on record and constrained home-buying activity. According to the National Association of Realtors (NAR), contract closings fell 2.7% in April to an annualized 5.85 million, marking the slowest pace since June 2020. Economists surveyed by […]
US Researchers Begin First Clinical Trials Using Cannabis Products as Migraine Treatment
Researchers in the US have started what is the country’s first double-blind, randomized, placebo-controlled study examining the effect of cannabis products on severe migraine symptoms. Recreational cannabis use is currently legal in 16 states including Washington DC, while another 37 states have legalized the drug for medical use. Both Virginia and New Mexico are expected […]
Take-Two Interactive: Despite Strong Earnings Consensus Estimates Stay Flat
Take-Two Interactive (NASDAQ: TTWO) reported their fiscal fourth quarter earnings on May 18th, swiftly beating analysts’ expectations shooting up their stock price about 10% since then. The company reported revenues of $839 million, a 10.4% year over year increase. Additionally, gross margins came in at 66.7% and operating margins came in at 30.5%. The company […]
Inflation Fears Set In As US PMIs Surge to Record Highs in May
Inflation warnings are flashing an even brighter red, as the latest PMI flash reading surged to yet a new record in May. According to IHS Markit survey data published on Friday, the preliminary Manufacturing PMI surged from 60.5 to a record 61.5 in May, despite economists’ projections calling for an unchanged reading of 60.5. Similarly, […]
CMHC: Annual Pace of Housing Starts Fall Nearly 20% in April
Canada’s annual pace of housing starts declined almost 20% in April as the number of new multi-unit housing projects showed signs of slowing down. According to data published by the Canada Mortgage and Housing Corp. on Monday, the annual pace of housing starts fell from 334,759 units in March to 268,631 units in April. Similarly, […]
Skeena Resources: Constructive Drill Results At Snip Gold Project
On May 20, Skeena Resources Limited (TSX: SKE) reported impressive assay results from its 2021 Phase 3 drilling program at its Snip gold project. One drill hole intersected 155.76 grams per tonne (g/t) of gold over a 3.22-meter span. The Snip gold mine is a past-producing mine located in the famous Golden Triangle region in northwest […]
Robinhood to Give Retail Investors Direct Access to IPOs
In an effort to further— as Robinhood puts it— “democratize” retail investing, the stock trading app is expected to give amateur investors access to IPO shares as as early as next month. Recall, back in March, Robinhood was in the midst of creating a new technology platform that would allow users to purchase IPO shares […]