State Department Offers Crypto Rewards Via Dark Web For Information on Hackers Attacking US Infrastructure
The US State Department has created a new initiative that seeks to reward informants in exchange for information on cyber criminals and potential terrorists. As first reported by CNN, the State Department has launched the “Rewards for Justice” (RFJ) program, which will use cryptocurrency to pay anonymous informants for information on enemy hackers or state-backed […]
Media SPAC Waverley Capital Acquisition 1 Seeks To Raise US$200 Million In IPO
Special purpose acquisition company Waverley Capital Acquisition Corp. 1 (NYSE: WAVCU) went public on the New York Stock Exchange yesterday. The firm is looking to raise US$200.0 million through its initial public offering. The offering consists of 20.0 million units priced at US$10.00 per unit. Each unit is composed of one common share and one-third […]
GM Expands Recall to Include ALL Bolt EV Models Ever Produced, Expected to Cost Another $1 Billion
General Motors (NYSE: GM) is expected to broaden its recent recall of Chevy Bolt EVs to include newer models due to a possible fire risk. On Friday, GM announced that it has added another 73,000 vehicles manufactured between 2019 and 2022 and sold in both Canada and the US to the recall. The automaker also […]
Robinhood’s Earnings Report Has Some Important Holes in It
On August 18, Robinhood (NASDAQ: HOOD) reported its second quarter 2021 results. Net revenues totaled US$565 million, up from US$520 million in 1Q 2021, and the company’s net loss was US$502 million, versus a US$1.44 billion loss in 1Q 2021. Most analysts have highlighted a significant boost in cryptocurrency trading by Robinhood investors in 2Q […]
Mortgage Debt Borrowing Rises by Most on Record in June
The strong demand for housing has prompted Canadians to pile on mortgage debt at the sharpest pace on record, amid historically low interest rates. According to Statistics Canada, household mortgage debt grew by $23.6 billion May and June, marking an increase of 1.4%, and the sharpest monthly rise on record. Since June 2020, mortgage borrowing […]
Village Farms: Raymond James Raises Price Target To US$27
On August 16, Village Farms (NASDAQ: VFF) (TSX: VFF) announced their entrance into the US market with an acquisition of Balanced Health Botanicals, a CBD company for $75 million. Consideration is to consist of $30 million in cash and 4.7 million in shares, the equivalent of $45 million. Balance Health Botanicals is a top-five leading […]
Robinhood Warns of Retail Trading Slowdown in Q3, Stock Sent Tumbling
Robinhood (NASDAQ: HOOD) was sent plummeting on Thursday, after the retail trading app warned of an impending decline in quarterly revenue going forward. Shares of Robinhood have significantly receded since reaching a high of $85 on August 4; as of Thursday, the commission-free trading app was down more than 45%, after its second quarter earnings […]
Mike McGlone: Bitcoin Is Replacing Gold – The Daily Dive
On this episode of the Daily Dive, Cassandra sits down with returning guest Mike McGlone, Senior Commodity Strategist from Bloomberg Intelligence. They discuss how bitcoin affects the US dollar, the crypto brokers disclosure provision in the US senate infrastructure bill, and why bitcoin could potentially replace gold. Bloomberg Intelligence provides data-driven research from an independent […]
TerrAscend Takes 12.5% More Equity On New Jersey License For $50 Million
TerrAscend Corp. (CSE: TER) announced today that it has completed the acquisition of an additional 12.5% equity on New Jersey-licensed operator, TerrAscend NJ. The transaction is reported to be for total consideration of $50 million. The acquisition involved an initial cash payment of $25 million and an additional $25 million payment in cash and shares […]
Lundin Mining: BMO Lowers Targets, Rating Based On Expected Lackluster News Flow
On August 19, BMO Capital Markets lowered their 12-month price target on Lundin Mining Corporation (TSX: LUN) to C$14.50 from $16 and downgraded their recommendation to market perform from outperform. Their analyst, Jackie Przybylowski, is expecting fewer catalysts in the second half of 2021. This comes after JP Morgan and Raymond James also cut their […]