Billionaires On Elon Musk Twitter Takeover: Bezos Intrigues China Link, Trump Dismisses Comeback
After dominating the news cycle recently, Tesla CEO Elon Musk’s Twitter (NYSE: TWTR) buyout generated reactions from fellow billionaires. From buying a 9% stake in the social media giant, the controversial magnate is set to be the newest owner of the company after the latter signified an optimistic response to Musk’s US$43-billion offer. Bezos Intrigues, […]
Russian Ruble Strengthens Against Euro, US Dollar Despite Sanctions
The Russian ruble continued to gain momentum against both the euro and the US dollar, as markets anticipate a major cascade of tax payments from companies this week. The ruble on Tuesday rose over 0.90% from the previous day’s trading session to around 74.25 per US dollar, the highest in five months. Likewise, the ruble […]
China’s Likely Restrictions in Beijing Could Translate Into Further Inflationary Pressures
Reports of rapid increases in COVID cases in Beijing, China, coupled with that country’s insistence on a zero tolerance COVID policy, has increased fears that China will impose a strict lockdown on Beijing, just as it did in Shenzhen and the key port city of Shanghai. If strict lockdowns are imposed in Beijing, China’s economic growth […]
Fidelity Investments to Allow Retirement Savers to Include Bitcoin in 401(k) Accounts
Fidelity Investments has become the first retirement-plan provider to offer clients the option to put bitcoin into their 401(k)s retirement savings, in an effort to further embrace cryptocurrencies and initiate broader acceptance among employers. The feature will become available later this year, and will allow Fidelity’s 23,000-some clients that use the financial company’s retirement plans […]
Canaccord: Headwinds To Begin To Pressure Snap Inc Stock
On Thursday Snap Inc (NYSE: SNAP) reported its first-quarter financial results. The firm reported revenues of $1.07 billion, an increase of 38% year over year. The company also reported gross profits of $770 million, or a 61% profit margin, double the $357 million it reported last year. Though, the company reported its 17th consecutive operating […]
Justin Trudeau Creates Independent Public Inquiry Over Government’s Emergency Act Invocation
Prime Minister Justin Trudeau on Monday announced the creation of an independent public inquiry that will investigate the events leading to the federal government’s invocation of the never-before-used Emergencies Act. Trudeau this week created the Public Order Emergency Commission to look into the circumstances that ended up giving the Liberal government unprecedented powers to dismantle […]
Battle Over Solomon Islands Continues to Heat Up, China Yells ‘Fake News’ at US and Aussies
After mulling an expansion of China’s military presence in the Solomon Islands, the pacific nation’s prime minister Manasseh Sogavare officially signed the security pact with Beijing last week, to the ire of Western powers. Although details of the pact remain unclear, a previously leaked draft document unveiled by Reuters suggested that the Solomon Islands government […]
Well Health Looks To Renew Share Buyback Program
Well Health (TSX: WELL) is looking to renew its normal course issuer bid, despite hardly utilizing the last such program it had in place. The company this morning indicated it will be renewing the program through to 2023. The renewed normal course issuer bid will see the company repurchase up to 2.5% of its currently […]
Arctic Star Exploration Launches Drill Program At Diagras Diamond Property
Arctic Star Exploration (TSXV: ADD) has begun drilling its Diagras Diamond Property in the Northwest Territories. The program is part of a larger exploration program being conducted on the property this year as the firm looks towards conducting bulk sampling in 2023. The planned drill program will see at least ten holes drilled to test […]
NGEx Minerals Hits 0.56% Copper Over 876 Metres At Los Helados
NGEx Minerals (TSXV: NGEX) appears to be taking a page out of the Libero Copper (TSXV: LBC) playbook, reporting assay results this morning from just a single hole drilled at its Los Helados copper-gold project in Chile. The hole marks the first assays to be released from its currently ongoing drill program. The company is […]