Elon Musk Declines Offer To Join Twitter Board Of Directors
The saga between Twitter (NYSE: TWTR) and Elon Musk continues to twist and turn. After announcing just five days ago that the Tesla (NASDAQ: TSLA) CEO would be joining the board of directors of Twitter following his move to take a massive 9.1% stake in the firm, it appears that Musk has reversed course. It […]
Hemlo Explorers’ Barrick Gold Earn In Agreement Gives Boost To The Pic Project
The upside potential for Hemlo Explorers’ (TSXV: HMLO) flagship 24,000-hectare Pic Project received a significant boost with the recent announcement that the company has entered into a binding term sheet with a wholly-owned subsidiary of gold mining giant, Barrick Gold Corp. (TSX: ABX). The arrangement will see Barrick have the right to earn an 80% […]
Canada’s Big 6 Banks All Calling for 50 Basis-Point Hike as Inflation Goes Berserk
It’s official: inflation has gotten so out of control, that all six of Canada’s major banks are preparing for a colossal rate hike from the Bank of Canada come this week. The National Bank of Canada, CIBC, and TD have now joined in on unanimous forecasts from the Bank of Nova Scotia, BMO, and RBC […]
Tilray Sees Jefferies Lower Target Due To Canadian Cannabis Headwinds
Jefferies lowered their price target on Tilray Brands (TSX: TLRY), after updating their outlook, saying excluding all the Canadian headwinds, the overall outlook looks compelling. Jefferies lowered their 12-month price target from $17.00 to $15.60 and reiterated its buy rating on the stock. Tilray currently has 20 analysts covering the stock with an average 12-month […]
Fed Officials Scramble to Avert Major Policy Error, But Could It Be Too Late?
It appears that Fed officials have finally come to the realization that the hottest inflation print in 40 years needs a lot more than a splash of its 25 basis-point hike in interest rates in order to cool off, prompting the central bank to quickly shed its $9 trillion balance sheet and hightail it out […]
Rivian Sees Market Judge Production Data To Be Disappointing — It Is Actually Constructive
After the stock market close on April 5, Rivian Automotive, Inc. (NASDAQ: RIVN) reported that it produced 2,553 electric vehicles in 1Q 2022 and delivered 1,227 of them in the quarter. After initially rising, Rivian shares closed lower on April 6. It appears the market’s initial judgment on the news was the correct one; this production data should […]
Did Elon Musk Take Michael Burry’s Blue Check on Twitter?
It appears that Elon Musk is already starting drama with frustrated users after taking a 9.2% passive stake in Twitter (NYSE: TWTR). Even after praising Musk in a since-deleted tweet for taking on a monumental stake in social media platform Twitter, “The Big Short” Michael Burry still can’t seem to score brownie points with the […]
The Omicron Variant Is Highlighting The Flaws Of China’s Zero-Covid Strategy
Contrary to what Chinese authorities want their residents to believe, the highly transmissible Omicron variant is putting China’s zero-Covid strategy to the test — and it seems to be failing. The number of infections in Shanghai, the country’s financial capital, has been breaching all-time records, with 21,000 new cases just on Friday alone. The overwhelming […]
BMO Reiterates $10 Price Target On Kinross Gold Following Russian Asset Sale
On April 5th, Kinross Gold (TSX: K) announced the sale of its Russian assets, with the firm revealing that it has entered into an agreement with a syndicate of mining companies to sell 100% of its Russian assets for a total consideration of $680 million. Kinross says that the terms will see them get the […]
Will Tesla FINALLY Start Mining its Own Lithium?
China, the biggest market for electric vehicles, is losing sleep over the surging price of lithium, a key component of electric car batteries. According to Asian Metal Incorporation, the price of lithium carbonate is up almost 475% from June 2021 to March, while an index of global lithium prices compiled by Benchmark Mineral Intelligence skyrocketed […]