‘Extraordinarily Elevated’ US Consumer Prices EXPLODE by Most in 40 Years
Well, here we are, another month come and gone, and another inflation print like no other. Someone please take the snooze button away from Fed Chair Jerome Powell, before the US economy sleepwalks further into catastrophe. The latest hot-off-the-press CPI print shows consumer prices exploding at an annualized 8.5%, higher than the highest of estimates […]
Eric Sprott To Increase New Found Gold Stake To 31.4% Via Share Purchase From Novo Resources
Eric Sprott is substantially increasing his ownership in New Found Gold Corp (TSXV: NFG). It was revealed this morning that Sprott would be acquiring the entire 15.0 million share stake held by Novo Resources (TSX: NVO) in the company. The transaction will see Sprott pay a 9.3% premium to the current market price of New […]
Gatekeeper Systems Expands Alliance In State Of Arizona, Secures Contract
Gatekeeper Systems (TSXV: GSI) is expanding to another state within the US. The firm this morning revealed it has expanded an alliance it has in place with Canyon State Bus Sales Inc, which will create a strategic growth opportunity for the company within the state of Arizona. The arrangement with Canyon State will see the […]
Tilray Brands Enters Definitive Agreement With Hexo Corp, To Acquire Up To US$193 Million In Debt
Tilray Brands (TSX: TLRY) has finally come to a definitive agreement with that of Hexo Corp (TSX: HEXO) as it relates to the purchase of the firms debt and a follow-on commercial agreement. The development follows a proposed strategic alliance initially announced at the start of March. First and foremost, the transaction will see Tilray […]
Pegasus Resources Acquires South Dakota Uranium Property With Non-Compliant Historical Resource Of 2.4 Million Lbs U3O8
Pegasus Resources (TSXV: PEGA) continues to consolidate its position within the uranium industry. The company this morning announced that it has entered an option agreement to acquire another property within the space, with the latest being found within South Dakota. The property in question is found within lands currently managed by the United States Forest […]
Numinus Wellness To Acquire Novamind In All Stock Transaction At $0.44 Per Share
Consolidation within the psychedelics space is getting underway, with the announcement this morning that Numinus Wellness (TSX: NUMI) will be acquiring Novamind Inc (CSE: NM) in an all-stock transaction. The proposed transaction is being pushed as a means of creating a “North American leader in psychedelic therapy and research.” The proposed transaction is expected to […]
Fed Losing Control of Monetary Policy as Biden Admin Warns of ‘Extraordinarily Elevated’ Inflation Print
It’s official: the Fed has lost complete control over inflation, prompting the White House to issue its own warning ahead of March’s highly anticipated CPI print. While Fed Chair Jerome Powell laments in last year’s historic amount of lying when he promised inflation would all be transitory, the Biden administration is forced to embark on […]
Amazon’s Overpromised Drone Delivery Program Riddled with Crashes, Safety Issues
Back in 2013, former Amazon (NASDAQ: AMZN) CEO Jeff Bezos promised eager consumers their packages would be delivered via drones within five years. Now, almost a decade later, those eager customers are still awaiting to see the capabilities of Amazon’s drone delivery service, despite the e-commerce giant funneling over $2 billion into the project and […]
Russia Hit With Selective Default On Two Outstanding Dollar-Denominated Bonds
Russia has finally defaulted on certain outstanding debts, as reported by S&P. The default is a direct result of sanctions placed on the country by the US government in relation to the invasion of Ukraine on February 24. The default is currently being classified as a “selective default,” rather than an outright default on the […]
Japanese Power Stocks Rally After Gov’t Reopens Nuclear Discussion
Many Japanese power companies spiked on Monday following Prime Minister Fumio Kishida’s announcement that the government is planning to tap nuclear power once again to stabilize the country’s power supply. This follows after the Asian nation released a new set of sanctions against Russia on Friday. The government also asked the country’s power companies to top […]