Janet Yellen Says US Economy Will See ‘Several More Months of Rapid Inflation’ Before Moderating
Treasury Secretary Janet Yellen has finally acknowledged that surging price levels are a lot higher than expected, but said that any such inflation will abate over the medium run. In an interview with CNBC, Yellen said that the current surging inflation levels will likely increase even further over the next several months, before tapering off […]
Surging Inflation Pushes US Consumer Sentiment to 5-Month Low
Consumer sentiment across the US suddenly dipped to the lowest in five months, as Americans’ concerns over surging inflation takes a toll on buying attitudes on big-ticket items. The latest University of Michigan preliminary sentiment index reading fell from 85.5 to 80.8 in July, which is significantly below the median projection of 86.5 put out […]
Datametrex AI: Revenue Growth Continues to Accelerate
Datametrex AI Limited (TSXV: DM) is a security-focused technology company that is implementing proprietary artificial intelligence (AI) and machine learning-based solutions through its wholly owned subsidiary, Nexalogy and its world-class AI big data analytics engine. The company is focused on providing predictive and preventive technology solutions to several different business sectors. Cybersecurity, telemedicine, and medical […]
Dogecoin Creator Throws Shade at Entire Crypto Market in a Series of Tweets
Jack Palmer, the creator of meme cryptocurrency dogecoin, has briefly emerged from the abyss to reveal his take on what started as a joke virtual currency and morphed into a $26 billion valuation. Palmer, who first created dogecoin as a joke to poke fun at other cryptocurrencies, has published a series of tweets explaining his […]
Canadian Manufacturing Sales Slump in May Amid Supply Chain Issues
Manufacturing sales across Canada slumped for the second consecutive month in May, as companies continue to face numerous supply chain disruptions. According to Statistics Canada, manufacturing sales were down 0.6% to $57.9 billion in May, as a number of key sectors reported significant declines. In constant dollar terms, sales were down 2.5% to $48.2 billion, […]
Janet Yellen to Convene Meeting With Regulators to Discuss Stablecoins
With pressure mounting on regulators to address the role of virtual currencies in the traditional financial market, Janet Yellen, a long-time opponent of cryptocurrencies, is scheduled to meet with a number of regulators to discuss the benefits and risks of stablecoins. US Treasury Secretary Janet Yellen is expected to convene a meeting on July 19 […]
Apollo Gold & Silver Closes Stronghold Silver Acquisition; Now Holds Three Key Silver Projects
On July 9, Apollo Gold & Silver Corp. (TSXV: APGO) closed its acquisition of the private company Stronghold Silver Corp. Under the terms of the takeover agreement, Apollo issued 40 million new shares, currently worth $45.2 million, to Stronghold shareholders. Stronghold held the rights to three large-scale U.S.-based silver projects — Waterloo and Langtry in […]
WeCommerce: TD, Canaccord Raise Price Targets After Leading Bought Deal
Last week, WeCommerce (TSXV: WE) announced that their bought deal closed. The company issued 2.81 million shares at a price of $12.00 for gross proceeds of $33.7 million. The company said they would be using the proceeds “for strategic acquisitions and for working capital and general corporate purposes.” On the back of the deal closing, […]
Fitch Ratings Downgrades Canada’s Banking Sector Amid High Household, Public Debt Levels
Fitch Ratings has lowered its view of Canada’s banking sector, amid concerning levels of household and public debt. In a news release published on Thursday, the credit rating agency downgraded its view of the big five Canadian banks from AA to AA-, citing surging debt levels as a disadvantage to credit conditions and business volumes […]
The Great Rotation Is Coming To Natural Resources – The Daily Dive
For our final episode of the trading week, we are joined on the Daily Dive by that of Tavi Costa, Partner & Portfolio Manager for Crescat Capital. Tavi joins us this afternoon to discuss the great rotation from tech firms to natural resource firms within the market, inflation expectations, the impact of inflation on stocks […]