Bill Ackman Retires From Activist Short-Selling
Pershing Square CEO Bill Ackman officially decided to hang up the hat on activist short-selling, following a long hiatus of Wall Street campaigns that led to some sizeable losses. In Pershing Square’s annual report published on Tuesday, Ackman revealed he will no longer embark on “noisy” activist short-selling, and instead focus on a more laid […]
Holy Guacamole: Avocado Prices Jump To A 24-Year High
Avocados are the most expensive they’ve been since 1998 as Mexican supplies dip. And unlike many of the price surges these days, this one is unrelated to the conflict in Ukraine. Prices went up to as high as $38 per nine-kilogram box, likely due to lower availability and supply-side inflationary pressures. Output from Mexico, the […]
ISP Starry Debuts On NYSE Via US$176 Million SPAC Deal
Wireless technology developer and internet service provider Starry, Inc, (NYSE: STRY) made its debut on the New York Stock Exchange on Tuesday. This comes after the firm completed its business combination with blank check company FirstMark Horizon Acquisition Corp. The transaction generated around US$176 million of gross proceeds and put the resulting merger’s enterprise value […]
Should Gold Producers Adopt A HODL Strategy? – The Daily Dive
Today on the Daily Dive, we see the return of Rob McEwen, Chairman and Chief Owner of McEwen Mining (TSX: MUX). Rob joins us this morning to discuss the challenge of inflation being faced by Joe Biden, his read on the copper markets, and executive order preventing Russia from accessing its gold. Also discussed is […]
RH CEO Says A Recession Might Be On The Way: “Inflation Isn’t Going Back To 2%”
Home furnishing retailer RH (NYSE: RH) CEO Gary Friedman painted a bleak picture of the economy’s outlook during the company’s recent earnings call. The company reported its fiscal Q4 and 2021 full-year financials, highlighted by annual revenue of US$3.76 billion, up from 2020’s US$2.85 billion. “It’s clear now to everyone that inflation isn’t going back […]
Russian TV Host Asked Americans To Change Regime, Help “Partner” Trump To Be President Again
A Russian TV host called on the people of the United States to “change the regime” in the country, asking the Americans to help their “partner” former US President Donald Trump to become its leader once again. Russia’s 60 Minutes host Evgeny Popov spoke on the show Tuesday convincing the US citizens to install Trump […]
Economists Forecast Multiple Aggressive Rate Hikes From Bank of Canada
Economists from major banks are forecasting some of the sharpest rate hikes in history from the Bank of Canada, as policy makers expedite efforts to bring surging inflation under control. According to a report published by the Bank of Montreal on Monday, economists are now predicting Canada’s central bank will raise rates by as much […]
Kinross Gold Finally Divesting Russian Assets
Kinross Gold Corporation (TSX: K) is looking to pack up its Russian things and go as the mining firm announced its plans to divest its assets in the country, supposedly including the Kupol mine and the Udinsk development project. “Kinross has received a number of unsolicited proposals regarding its Russian business and is now in […]
Stone Gold Readies For 4,000 Metre Drill Program At Copper Road
Stone Gold Inc (TSXV: STG) is looking to begin drilling out its Copper Road project in the Batchewana Bay region of Ontario, near to Sault St. Marie. The firm this morning revealed it’s exploration plans for the property for the oncoming drill season. The proposed drill program will see the company drill test approximately 4,000 […]
Valens Company Looks To Raise US$22.5 Million For “Strategic Growth Initiatives”
The Valens Company (TSX: VLNS) is doing what it can to keep its operation funded, announcing last night it would be conducting a bought deal financing. The financing will see the company look to raise up to US$22.5 million. Lead by Stifel Nicolaus Canada and Alliance Global, the offering will see the company sell units […]