A SWIFT Summary: Why It Matters For Russia
SWIFT: the “Society for Worldwide Interbank Financial Telecommunications,” is being discussed by international powers and the media as a potential means of sanction against The Russian Federation, whose military advance into the Ukraine is testing the resolve of Western power nations by the day. The SWIFT system was developed in Belgium in the 1970s to […]
Fed’s Key Inflation Gauge Jumps by Most Since 1982
The Federal Reserve’s favourite inflation gauge continues to skyrocket, jumping by the most in almost 40 years as price pressures gain momentum across the US economy. The personal consumption expenditures price index jumped 0.6% in January, to an annual gain of 6.1%— the sharpest increase since February 1982. Core PCE, which does not account for […]
ESG SPAC GSR II Meteora Acquisition Prices Upsized US$275 Million IPO
Special purpose acquisition company GSR II Meteora Acquisition Corp (Nasdaq: GSRMU) started trading publicly on the Nasdaq Global Market today. The company is seeking to raise US$275 million in its initial public offering. The offering consists of 27.5 million company units, an upsize from the previous 22.0 million units, priced at US$10.00 per unit. Each […]
Centerra Gold Records 2021 Net Loss After Kumtor Mine Seizure
Centerra Gold Inc. (TSX: CG) announced today its financial results for Q4 and full-year 2021. The mining firm saw quarterly revenue of US$251.1 million, up from both Q3 2021’s US$220.6 million and Q4 2020’s US$212.1 million. Due to a $117.3 million impairment reversal at the Mount Milligan Mine, the company was able to end the […]
What Can We Expect From Commodities In The Current Climate? – The Daily Dive
Joining us for the final episode of The Daily Dive this week is returning guest Chris Vermeulen, the chief market strategist at TheTechnicalTraders.com. Chris joins us to provide his stance on President Trump’s DWAC SPAC, the potential impacts of the ongoing geopolitical crisis, where he expects commodities such as gold, oil, palladium and platinum to […]
Applebee’s Unfortunate Ad Placement During CNN’s Russia-Ukraine Conflict Coverage: “It Never Should Have Aired”
The latest development in the Russia-Ukraine conflict? Applebee’s. The American restaurant chain issued an apology after its commercial aired during CNN’s live coverage of the European geopolitical crisis. In an episode of CNN Newsroom on Thursday, news presenters Bianna Golodryga and Jim Sciutto were taking the viewers to a commercial break as the air siren […]
Ukraine’s Central Bank Suspends Digital Money Transfers in Connection With Martial Law Declaration
Ukraine’s central bank is imposing a sweeping set of new measures to crack down on the transfer of cash, as Kiev declares martial law in response to Russian military attacks across the country. On Thursday, Ukrainian President Volodymyr Zelensky declared martial law, following Russian President Vladimir Putin’s announcement that Russian forces would be conducting a […]
Beyond Meat Records Losses, Lower Revenues Beyond Estimates In Q4 2021
Beyond Meat, Inc. (Nasdaq: BYND) released on Thursday its Q4 and full-year 2021 financial results, which saw the company post US$100.7 million in quarterly revenue. This is a decrease from Q4 2020’s revenue of US$101.9 million and also misses the consensus estimate of US$101.4 million. Breaking down the topline quarterly figure, US operations contributed US70.6 […]
Sanctions Against Russia Miss A SWIFT Start
Sanctions against Russia include a ban on the issuance of foreign debt for the US & European markets, and oligarch asset seizures. But what’s next?
Joy Behar’s Faux Pas Comment On Russia-Ukraine Conflict Sparks Twitter Outrage
Her heart might have been in the right place but her expression seems to be out of touch. American TV host Joy Behar slipped a comment during a discussion of the Russia-Ukraine conflict on The View that many saw out of touch with the current crisis. While the panelists of the American talk show were […]