American Consumers Descend Further into Debt
Consumers across America embarked on unprecedented shopping sprees last year, causing total household debt to jump by $1 trillion— the sharpest increase in nearly 15 years. According to the Federal Reserve Bank of New York’s latest Household Debt and Credit Report, total household debt in the US ballooned to $15.58 trillion last year— the most […]
KoBold Metals’ AI-Powered Hunt For EV Metals Gets US$192.5-Million Boost In Latest Funding Round
Mining startup KoBold Metals raised US$192.5 million in its series B funding, securing fresh funds for its artificial intelligence-powered mining for electric vehicle metals. The California-based firm is backed by Bill Gates’ Breakthrough Energy Ventures, which includes billionaire members like Jeff Bezos, Mike Bloomberg, Richard Branson, Jack Ma, George Soros, and Mark Zuckerberg. KoBold Metals […]
January CPI Print Points To 7.5% Inflation Over The Last 12 Months
The latest inflation data is in and it appears that the caution provided by the White House this time was actually in line with results. The US Bureau of Labor Statistics this morning announced that the consumer price index for all items increased by 7.5% before seasonal adjustments over the last 12 months, with the […]
First Canadian-Listed Carbon Credit ETF To Begin Trading Today
Canada has finally received its first ETF related to the carbon credit space. Horizons ETF Managers this morning announced the launch of the Horizons Carbon Credits ETF (TSX: CARB), which will trade on the Toronto Stock Exchange. The exchange traded fund aims to provide investors with exposure to carbon credits via the fund owning carbon […]
Nevada King Announces 13,100 Metre Drill Program For Atlanta Mine
Nevada King Gold (TSXV: NKG) has released its exploration plans for 2022. The firm intends to conduct a phase two drill program at its Atlanta Gold Mine in Nevada, which follows a recent 5,000 metre program conducted at the property. The company is currently planning to undertake a 13,100 metre drill program on the property, […]
Electra Nears Final Permitting For Ontario Cobalt Refinery
Electra Battery Materials (TSXV: ELBM) is nearing the completion of its refinery expansion project. The company is currently working towards bringing the only cobalt sulfate refinery in North America to the production stage. The firm has reportedly now received its Industrial Sewage Works permit, a significant milestone for the project. The permit governs the firms […]
Hexo Cuts 180 Jobs To Save $15 Million Annually
How do you reduce costs to push towards profitability? If you’re Hexo Corp (TSX: HEXO), evidently you eliminate a number of positions across the company. The firm last night announced that it will be canning a total of 180 employees as a cost reduction initiative. In total, the job cuts are expected to result in […]
US Cannabis: Stifel Expects Growth To Decelerate In Q4 Earnings
On February 2nd, Stifel-GMP put out their fourth quarter 2021 earnings preview, calling it “The Calm Before the Storm.” They add that the wipeout of investor gains, which started roughly 1 year ago, suggests that there is little expectation in future federal reform. It additionally shows that investors are worried about the impact of potential […]
The MicroStrategy Bitcoin Bet
Last week, Virginia-based MicroStrategy Inc. (NASDAQ:MSTR), a maker of business analytics software for enterprises, reported its Q4, 2021 earnings. With full confidence, it told its shareholders and the world at large that its revenue grew again, its gross margin remained exceptional, and it lost $137.5 million on the bottom line; a net loss greater than […]
Cannabis-Focused Finance Company Altmore Capital Files For Nasdaq IPO
Specialty finance company Altmore BDC, Inc., also known as Altmore Capital, is looking to go public on the Nasdaq Capital Market. The firm announced today the launch of its initial public offering of 6.67 million common shares. The firm is targeting the share price between US$14.50 and US$15.50 per share, which puts target proceeds from […]