Nio Halts Vehicle Production Due To China Lockdowns
Recent lockdowns initiated in China as a means of combating the latest surge in the never-ending pandemic appear to have impacted yet another publicly traded manufacturer. Chinese electric car maker Nio Inc (NYSE: NIO) this morning revealed that it has suspended production following the latest lockdowns in Shanghai. The suspension of production is said to […]
Semiconductor Manufacturing Further Threatened By Supply Chain Issues As PFAS Enters Short Supply
The struggle to produce sufficient semiconductors for a world that has seemingly insatiable demand from manufacturers of vehicles, cell phones, and all manner of electronic equipment continues. Heretofore unknown parts of the supply chain are being stressed. Recently, neon gas, a gas used in the etching of chips, has been in short supply because much of it […]
Tesla, Jack Dorsey’s Block Team up to Create Solar-Powered Bitcoin Mining Facility
Jack Dorsey’s digital payments company Block (NYSE: SQ), formerly known as Square, teamed up with Canadian-based bitcoin infrastructure company Blockstream to create a renewable energy-powered bitcoin mining facility in Texas using Tesla’s (NASDAQ: TSLA) solar and energy storage products. “This is a step to proving our thesis that Bitcoin mining can fund zero-emission power infrastructure […]
Housing Crisis? What Housing Crisis? 2022 Budget Falls Short of Making Homeownership Affordable for Canadians
After sending every single budget into a free-fall deficit since being elected in 2015, the Liberal government finally decided to incorporate a tiny bit of fiscal prudence into its otherwise ginormous government spending bill— a big pat on the back to Canada’s Finance Minister Chrystia Freeland. But, hidden within the budget’s zestful focus on menstrual […]
Cathie Wood Is Targeting Over US$1 Million Per Bitcoin In 2030 But Her Own Math Might Prove Otherwise
ARK Invest CEO Cathie Wood has a bullish target for the price of bitcoin: over US$1 million per coin in 2030. The question, however, is where is this number coming from? Speaking at the Bitcoin 2022 conference in Miami, Wood relayed the high-level forecast from her firm’s Big Ideas 2022 report. This included the illustrious […]
Tech SPAC Denali Capital Acquisition Prices US$75 Million IPO
Special purpose acquisition company Denali Capital Acquisition Corp. (Nasdaq: DECAU) started trading publicly on the Nasdaq Global Market on Thursday. The company is seeking to raise US$75 million in its initial public offering. The offering consists of 7.5 million company units priced at US$10.00 per unit. Each unit is composed of one Class A share […]
First Helium: A Self-Funded Helium Exploration Play – The Daily Dive
Closing out the week on The Daily Dive is that of Ed Bereznicki, CEO of First Helium (TSXV: HELI), and a first-time guest to the show. We start off the interview by discussing the current helium market, whether it can support additional supply, and what additional use cases present an opportunity for the space. Next, […]
Who’s On Peter Thiel’s Bitcoin Blacklist?
Palantir Technologies (NYSE: PLTR) chair Peter Thiel called out the so-called “financial gerontocracy” that is preventing bitcoin from reaching its next phases. Speaking at the Bitcoin 2022 conference in Miami Beach, the Paypal cofounder named institutional investors in his ‘bitcoin enemies’ list, including Berkshire Hathaway CEO Warren Buffett, who Thiel labeled as a “sociopathic grandpa […]
Russia Suspended From UN Over Alleged Human Rights Abuses in Ukraine
The UN General Assembly on Thursday voted to axe Russia’s membership to the Human Rights Council, after reports alleged Moscow conducted “gross and systematic violations and abuses of human rights” in Ukraine. The US-initiated draft resolution successfully reached the two-thirds majority needed to pass, with 93 member states voting in favour and 24 against. Another […]
Robots, Robotaxis, And Cybertruck: Will Elon Musk Finally Meet His Own Tesla Timeline?
While unveiling the company’s Giga factory in Texas, Tesla (Nasdaq: TSLA) CEO Elon Musk unloaded a number of projects in the automaker’s pipeline, including the planned Cybertruck deliveries, self-driving robotaxis, and a humanoid robot named Optimus. Musk finally unveiled the much-awaited Cybertruck at the facility opening, saying the vehicle is expected to hit the streets […]