US Job Openings Outnumber Unemployed Workers as Businesses Struggle to Fill Vacant Positions
Job openings across the US soared to a new record in July, as an increasing number of companies face labour shortages amid unprecedented demand for goods and services. According to the latest results of the Bureau of Labour Statistics’ Job Openings and Labor Turnover Survey (JOLTS), there were a total of 10.9 million job openings […]
Robinhood: PayPal Trading Platform Represents Formidable Competitive Threat
On August 30, several media sources reported that PayPal Holdings (NASDAQ: PYPL) is exploring the creation of a stock trading platform. The company has apparently already hired Rich Hagen as CEO for the potential online stock brokerage; he previously co-founded a similar business that was sold to Ally Invest. PayPal’s potential online brokerage could represent a […]
European Central Bank Slows Pace of Asset Purchases as Inflation Soars
The European Central Bank has revealed it will reduce the pace of its bond buying for the remainder of the year, citing an improved economic outlook and subsequent surge in inflation. Following a two-day meeting, the ECB’s Governing Council on Thursday announced it will be scaling back its Pandemic Emergency Purchase Programme (PEPP) from the […]
BMO Issues Gold Market Primer Ahead Of Gold Forum Americas
This weekend started off the Gold Forum Americas, where BMO has many of their analysts and is keeping a close eye on. For this, they released a gold overview note and provide some insight into the supply-demand situation and areas they believe will be the talking points at the forum. Further, they provided an excellent […]
The Tesla Bot, Explained
Last month, Elon Musk introduced a humanoid robot called the Tesla Bot on August 19 as part of AI Day. The project, code-named “Optimus,” is based on the same electronics and sensors used in Tesla’s (NASDAQ: TSLA) self-driving cars. The announcement involved a dancing human in a robot suit and Elon joking about how the […]
Cathie Wood Dumps Nearly $140 Million in Tesla Amid Recent Rally
Cathie Wood has liquidated some of her fund’s Tesla stock, as a recent rally in the EV maker’s share price made for an attractive sale. According to Bloomberg, which cited trading data, Cathie Wood’s ARK Innovation, ARK Next Generation Internet, and ARK Autonomous Technology & Robotics ETFs sold off more than 180,000 shares of Tesla […]
World Food Prices Soar to Decade-High Amid Adverse Climate Shifts, Supply Chain Disruptions
Despite ongoing reassurance that the current bout of surging food inflation is merely temporary and will abate once the pandemic subsides, it appears that global food prices are once again on the rise, reaching the highest in nearly a decade amid worsening climate conditions, global droughts, and supply chain disruptions. A new report published by […]
Analysis: A Comparison Between Bitfarms’ & Hut 8’s Bitcoin Production
Beginning in July, two of the largest and most prominent Canadian Bitcoin miners, Bitfarms Ltd. (TSXV: BITF) and Hut 8 Mining Corp. (TSX: HUT), began detailing the number of Bitcoin each has mined monthly. A comparison of the data sets released by each company, as well as the stock market valuation and the net cash and […]
Canada’s Unemployment Rate Falls to 7.1% in August as Labour Market Continues Recovery
Canada’s labour market continued to recover over the summer months, as employment levels across the hardest-hit sectors rebounded better than expected in August. According to data released by Statistics Canada on Friday, Canada’s economy added 90,000 more jobs in August, bringing the labour market just 0.8% below February 2020 levels. The latest gains follow a […]
Lithium Americas: U.S. Judge Issues Second Constructive Decision on Thacker Pass Mine
On September 3, U.S. District Court Judge Miranda Du issued a second consecutive constructive ruling regarding Lithium Americas Corp.’s (TSX: LAC) Thacker Pass lithium mine site in Nevada. Judge Du refused three tribes’ request for a preliminary injunction that would block trenching and excavation work on the project. The tribes assert that their ancestors were massacred […]