Chinese Regulators Move to Ban Foreign IPOs for Tech Companies
Since the infamous collapse of the Didi IPO, Chinese regulators have cracked down on companies housing significant amounts of sensitive consumer data. However, they have ramped up their efforts even further, in a move that will prevent the country’s tech firms from listing abroad. According to the Wall Street Journal which cited people familiar with […]
Fed’s Key Inflation Figure Soars by Most Since 1991
US personal spending remained modest in July amid a decline in merchandise outlays, but the inflation measure the Federal Reserve uses to set its policy tone jumped by the most in nearly 30 years. According to data released by the Bureau of Economic Analysis on Friday, the personal consumption expenditures index, which the Fed uses […]
Halo Collective To Acquire Pistil Point Facility, Oregon Licenses And Assets For $12.2 Million
Halo Collective Inc. (NEO: HALO) this morning announced that it has entered into definitive agreements to acquire Food Concepts, which operates the 55,000-square foot cannabis facility under the Pistil Point name. The transaction also includes the acquisition of Pistil Point’s licenses issued by the Oregon Liquor Control Commission and related operating assets within the state. […]
Peloton Sent Crashing After Company Lowers Outlook, Slashes Bike Price
Shares of Peloton were sent sharply plummeting on Thursday, as the exercise equipment maker reported its worst quarterly earnings in history, cut guidance projections, and slashed the price of its popular bike by 20%, as demand for its products appears to be disappearing. With Peloton’s fiscal fourth quarter in the rearview mirror, the company’s results […]
Braxia Scientific Launches Multiple-Dose Psilocybin Clinical Trial for Treatment-Resistant Depression
Braxia Scientific Corp. (CSE: BRAX), formerly Champignon Brands, announced today that its clinical research and development team will start a randomized clinical trial using psilocybin. The program’s respondents will include adults with treatment-resistant depression and those who have previously tried electroconvulsive therapy or intravenous ketamine to treat their disorder. The company is banking on the broadness […]
Hive Blockchain Exceeds 1 Exahash Per Second In Bitcoin Mining
As it had announced earlier this month, HIVE Blockchain Technologies Ltd. (TSXV: HIVE) shared that it expects to cross the 1 Exahash per second mark in bitcoin mining today. This follows after the firm finally received the deliveries of its bitcoin miners over the past 24 hours. The boost in hashrate is mainly due to […]
Justin Trudeau Proposes Corporate Tax Hike on Big Banks, Insurance Companies to Help Pay for Housing Plan
Just as some of Canada’s largest banks release results of their hefty earnings for the third quarter, Prime Minister Justin Trudeau has pledged to boost the corporate tax rate in an effort to help pay for the Liberals’ housing plan. In a news release on Wednesday, Trudeau proposed raising the corporate tax rate on major […]
Global Demand for Electric Power Soars Past Covid-19 Levels, Surpassing Renewable Energy Growth
Carbon dioxide emissions from global electricity production soared well above pre-Covid-19 levels in first six months of the year, underscoring attempts to achieve a green recovery in a post-pandemic world. As an increasing number of countries around the world ramp up their commitments to cut back on carbon dioxide emissions and transition to electricity, their […]
European Investment Firm-Backed SPAC Springwater Special Situations Eyes US$150 Million IPO On Nasdaq
Special purpose acquisition company Springwater Special Situations Corp. (Nasdaq: SWSSU) started trading its securities on the Nasdaq Capital Market today. The firm priced its initial public offering today, aiming to raise total proceeds of US$150.0 million. The offering will entail selling 15.0 million units priced at US$10.00 per unit. Each unit is composed of one […]
Inflation Expectations at Canadian Businesses Soar to Record-High
Despite consistent reassurance from Bank of Canada policy makers that price pressures are merely transitory, it appears that an increasing number of businesses are anticipating a deteriorating inflation landscape. According to survey results published by the Canadian Federation of Independent Business (CFIB), small and medium-sized companies across Canada revealed they plan to raise their prices […]