US Meat Plant JBS Suffers Cyberattack, Threatening to Send Food Prices Even Higher
The world’s largest meat producer has been forced to shut down operations across North America and Australia after suffering a cyberattack, threatening to send food prices soaring and decimate already-strained supply chains. On Tuesday, JBS was forced to cancel shifts at its US and Canadian facilities, after the meat producer’s servers were hit with a […]
Intel Expects Semiconductor Shortages Will Persist for Several Years
Despite several US automakers resuming production amid the global semiconductor shortage, the CEO of Intel says the problem is far from being resolved, and that supply issues will likely persist for several more years. Speaking at a virtual session at the Computex trade show in Taipei, and later reported by Reuters, Intel Corp CEO Pat […]
Eurozone Inflation Soars to 2% for First Time Since 2018
In yet another sign that mounting inflation is becoming pronounced around the globe, for the first time since 2018, price levels in the eurozone finally surpassed the European Central Bank’s target. According to data published by Eurostat, consumer prices rose an annualized 2% in May, following an increase of 1.6% in the previous month. The […]
Federal Wage Subsidies Granted to Publicly Traded Cannabis Companies Eclipses $100 Million
On June 1, 2021, total wage subsidies doled out to publicly traded cannabis companies from the Canada Emergency Wage Subsidy (“CEWS”) program crossed the $100M mark, after Canopy Growth Corp. (TSX: CGC) disclosed that they had received $11 million in subsides over their most recent fiscal year. Despite the overall explosion in cannabis sales throughout […]
Nickel 28: Free Cash Flow Positive In 2021? – The Daily Dive feat Anthony Milewski
Joining us today on The Daily Dive is that of Anthony Milewski, whom is Chairman of Nickel 28 Capital Corp (TSXV: NKL). Anthony joins us this afternoon to dig into that of Nickel 28. Within, we dig into the debt currently on the books of the company, and the political climate of the jurisdiction it’s […]
Canadian Factory Prices Continue to Surge in April
Prices of goods produced in Canada, as well as prices for the raw materials needed to produce them, have risen significantly over the past year, particularly for lumber-related products. According to Statistics Canada, the final print of the Industrial Product Price Index (IPPI), which measures the cost of goods produced in Canada, rose 1.6% in […]
7-Eleven Plans 500 Additional Electric Vehicle Charging Stations By 2022
Seven & I Holdings Co. (TYO: 3382), which operates 7-Eleven, announced its plans to build at least 500 charging stations for electric vehicles in the U.S. and Canada by the end of 2022. The Japanese convenience store chain currently has 22 charging stations in 14 stores across four states. 7‑Eleven President and CEO Joe DePinto […]
US Junk Bonds Lose Lustre As Inflation Fears Mount
The US junk bond market is showing signs of faltering, as investors’ inflation fears grow, threatening to derail the strong rally that saw some of the riskiest corporations issue record loads of debt throughout the Covid-19 pandemic. The high-yield bond market has served as a temporary safe haven for investors looking to escape the heightened […]
AMC Launches Platform To Offer Special Promotions To Retail Shareholders
AMC Entertainment Holdings, Inc. (NYSE: AMC) today announced the launch of AMC Investor Connect, the company’s dedicated platform to directly engage with retail shareholders. This follows the recent influx of retail investors purchasing AMC stock, causing a surge in the company’s valuation. As of March 11, 2021, the company has more than 3.2 million retail […]
Wallbridge Releases Further Drill Results From Tabasco, Cayenne Zones
Wallbridge Mining Company Limited (TSX: WM) today released the company’s assay results from its drill program at the Fenelon Gold Property. Results from the current program are focused on better defining and expanding mineralization for the firms maiden resource estimate at the project. The maiden mineral resource estimate is expected to be released before the […]