Looks Like Trump Might Have Been Right About TikTok All Along
Leaked audio recordings from over 80 internal TikTok meetings show that China-based employees of ByteDance, the video platform’s parent company, repeatedly accessed nonpublic data from users in the United States. In 2020, former President Donald Trump threatened to ban the app in the country for this very reason. According to the recordings, which were reviewed […]
Brace Yourself: Russia Limits Kazakhstan Oil Shipments To Europe
While oil prices are already at highs, it seems the potential hikes are far from over. Russia has just applied a stricter chokehold on its Novorossiysk port, where Kazakhstan ships its oil exports to its European clients. On paper, Moscow’s move follows after it discovered that the route hosts World War II torpedoes and mines, […]
Selling Freedom Mobile “Not An Effective Remedy” To Rogers-Shaw Merger Woes, Says Competition Bureau
Divesting Shaw Communications Inc.’s Freedom Mobile might not be enough to alleviate the Commissioner of Competition’s worries about the pending merger with Rogers Communications (TSX: RCI.B). Shaw recently announced the plan to sell Freedom Mobile to Quebecor Inc. for $2.85 billion. This follows the competition issues raised regarding the controversial $26-billion deal. Freedom is a […]
Kore Mining Cuts Management To Reduce Costs, Focus Funds On Drilling
At least one junior mining firm is restructuring its management team in light of the ongoing weakness in capital markets. Kore Mining (TSXV: KORE) on Friday indicated it is looking to conserve capital by reducing its management team. The company will see the firms CEO, Scott Trebilcock, step down from his management role with the […]
Denarius Metals Moves To Focus On Resource Expansion Under Drill Program
Drilling at its flagship asset, the Lomero-Poyatos Project, has transitioned to a new stage for Denarius Metals (TSXV: DSLV). With in-fill drilling now complete, the company is set to focus on resource expansion for the remainder of its drill program. The program as a whole is now over 81% complete, with 75 drill holes having […]
Voyager Digital Looks To Secure US$500 Million In Further Capital Amid Crypto Market Turmoil
Voyager Digital (TSX: VOYG) is seemingly concerned with its liquidity situation given the current state of the crypto markets. The firm announced late on Friday that it has sought additional liquidity in light of current market conditions. This liquidity is to come from Alameda Research via a non-binding term sheet for a revolving line of […]
Robinhood: SEC Chairman Signals Tough Restrictions To Come For Payment For Order Flow
In a speech he delivered last week, U.S. SEC Chairman Gary Gensler continued his blistering attacks on the popular online brokerage firm practice of payment for order flow (PFOF) and, most importantly, signaled that he plans to make it more difficult for firms like Robinhood Markets, Inc. (NASDAQ: HOOD) to continue to rely on the trade routing […]
BMO: Dollarama Is Resilient During Times Of High Inflation
On June 8, Dollarama Inc (TSX: DOL) reported its fiscal first-quarter financial results for 2023, for the period ended May 1, 2022. The company saw its revenues grow almost 13% to $1.073 billion, while its cost of sales grow roughly the same to $620.99 million. Though operating income grew almost 25% to $220 million. The […]
High Yield, Credit Default Swap Markets Are Confirming The Weak Trends In Global Equities Markets
To state the obvious, stock markets across the globe have struggled mightily over the first half of this year, as investors fear that the coming tightening actions by the U.S. Federal Reserve and other central banks will cause the economy to contract. As a side note, it is possible that the markets are also pricing in […]
K92 Mining: Canaccord Reiterates $12 Price Target Following Bought Deal
K92 Mining Inc. (TSX: KNT) announced a $50 million bought deal this past week, selling 5,405,000 common shares at a price of $9.25 per share. The deal has an over-allotment option for underwriters to purchase an additional 810,825 shares for an additional $7.5 million. K92 said that they intend to use the proceeds for the […]