UK Petrol Pumps Run Dry as British Government Invokes Emergency Measures
The UK has eclipsed into a state of chaos over the weekend, as nearly 90% of fuel pumps run dry across major cities after consumers delved into a panic-buying frenzy. According to the Petrol Retailers Association (PRA), which represents independent petrol retailers across Britain, numerous fuel stations have run out of supplies after consumers began […]
Cryptocurrencies on the Mend as Concerns Over China’s Crackdown Fade
Cryptocurrencies went into recovery mode over the weekend and recouped most of their losses after China designated all crypto-related businesses as illegal. Bitcoin rebounded to nearly $44,000 at the time of writing on Monday, while ether jumped by as much as 5% to above $3,000 per coin. Both coins have nearly recouped all of Friday’s […]
Costco Warns of Higher Inflation Ahead of Holiday Season, Dismantling ‘Transitory’ Narrative
Think price pressures stemming from the Covid-19 pandemic are just temporary? Think again. Even more retailers have joined the already-exhausted and still-growing list of companies sounding the alarm of inflationary pressures that are a lot more than just ‘transitory.’ Just this past week, Costco Wholesale (NASDAQ: COST) announced that it is facing heightened shipping costs, […]
Uranium, Evergrande, & Gold With Kai Hoffmann – The Daily Dive
Today, our host welcomes back on the Daily Dive Kai Hoffman, Founder and Managing Director of Soar Financial Partners. He joins in the discussion to talk about the hottest issues in commodities and financial markets, including the Evergrande situation, the uranium squeeze, and the outlook of the gold market. Soar Financial Partners is a corporate […]
Gold: BMO Thinks The Sector Needs A Theme To Pique Investor Interest
Ahead of the Gold Forum Americas conference, BMO released a primer on some of the key themes they believe investors and participants would be talking about. Since the conclusion of the conference, BMO has released another note on their conversations and findings from their presence at the conference. The first thing BMO notes is that […]
US Government Sanctions Crypto Exchange SUEX Over Illicit Transactions
The US government has blacklisted a major Russian-owned crypto exchange over its role in helping facilitate illicit transactions for ransomware criminals, marking the first such sanction against a virtual currency platform. As reported by the Wall Street Journal, the Office of Foreign Assets Control (OFAC), which is part of the US Treasury, revealed it had […]
Gold Royalty Updates Stakeholders With Royalties Portfolio Following Abitibi, Golden Valley Acquisition Announcement
Gold Royalty Corp. (NYSE: GROY) announced this morning the portfolio of the resulting royalty company following the previously announced plans to acquire Abitibi Royalties (TSXV: RZZ) and Golden Valley Mines and Royalties (TSXV: GZZ). The updated list of royalties also reflects the acquisitions of Ely Gold Royalties Inc. (TSXV: ELY) and Monarch Mining Corp. (TSX: […]
Ritchie Bros Plans To Acquire Auto Parts Platform SmartEquip For US$175 Million
Ritchie Bros. Auctioneers (TSX: RBA) announced this morning that it has entered into a definitive agreement to acquire auto parts multi-manufacturer platform SmartEquip. The acquisition is reported to be for a total consideration of US$175 million. “SmartEquip will enable us to offer asset-specific, full-lifecycle parts and service support on behalf of our dealer and OEM […]
General Motors Reports Bolt EV Battery Fix, Positive News Regarding Lyriq Demand
General Motors Company (NYSE: GM) made several positive announcements regarding its electric vehicles (EVs) initiatives last week, and the stock bounced off the mid-US$48 range to close the week nearly 10% higher. GM plans to sell only electric vehicles beginning in 2035. In particular, finding a fix for the battery problem in the Chevrolet Bolt EV […]
Kiaro Holdings Acquires Hemisphere Cannabis
Kiaro Holdings Corp. (TSXV: KO) announced this morning that it has completed the acquisition of Aegis Brands’ subsidiary 2734524 Ontario, which does business as Hemisphere Cannabis. Through the transaction, the cannabis retailer now owns all the issued and outstanding shares of the subsidiary. Under the acquisition terms, Kiaro Holdings issued Aegis Brands a total of […]