GasBuddy Data Points To Possible Start Of Demand Destruction
Have gas prices soared so high that people are just deciding not to drive? GasBuddy analyst Patrick De Haan shared on Twitter that according to GasBuddy data, demand for gasoline in the US fell 2.3% from the previous week and was 1.5% below the four-week rolling average. Gas prices continue to soar, and is likely […]
Understanding Canadian Soccer Business & The Halting of Play Amid World Cup Qualifier
The Canada Men’s National Soccer Team’s players caused international headlines this week when they refused to take the pitch for a scheduled friendly against Panama at Vancouver’s BC Place Stadium, in an apparent dispute with the sport’s national governing body Canada Soccer over pay. A letter released by the players (hat tip TSN’s Rick Westhead) […]
Nevada Copper Delays Underground Mining Plans, Looks For Additional Funding
Nevada Copper (TSX: NCU) continues to encounter issues at its Pumpkin Hollow copper mine in Nevada. The latest issues have resulted in the company being forced to find additional liquidity as its operations continue to burn capital. Reduced production is expected from the underground mine at Pumpkin Hollow, which is a result in “operational and […]
Emerita Resources Encounters 14.3 Metres Of Massive Sulphides At Romanera
Emerita Resources (TSXV: EMO) has completed its first drill hole under its program centered upon the Romanera deposit, at its Iberia Belt West Project in Spain. The company has reportedly intersected massive sulphides within the first hole conducted. A total of 14.3 metres of massive sulphides are said to have been intersected within hole LR002, […]
Galaxy Digital Sees Assets Under Management Nearly Fall Below $2.0 Billion In May
Softness within the cryptocurrency market continues to hit Galaxy Digital Holdings (TSX: GLXY). The firm last night released its latest data on its assets under management, indicating that it may be able to hit a rather significant – but negative – milestone. Total assets under management in the month of May fell to $2.016 billion, […]
Joe Biden to Scrap Tariffs on Solar Panels
US President Joe Biden is expected to lift some tariffs imposed during the Trump administration in an effort to ease consumer price pressures and help promote renewable energy in the country. According to Reuters which cited individuals familiar with private discussions, the White House is expected to sign executive orders reviving America’s solar panel sector […]
Retailer Earnings and UK Inflation Data Represent Further Evidence Of Inflation
Over the last several weeks, investors have expressed increasing fear that inflation could cause a reasonably severe economic downturn. Consequently, almost all global stock markets have been pummeled over this period; the S&P 500 Index has lost about 15% of its value since start of the year. Concerns that high inflation may cause a recession were […]
JetBlue Ups Reverse Termination Fee In Spirit Airlines Bid
JetBlue (Nasdaq: JBLU) is not going down without a fight in its tumultuous bid to acquire Spirit Airlines, Inc. (NYSE: SAVE). The New York-based airline increased the reverse termination fee part of its buyout offer to US$350 million. The move, announced today, comes after Frontier Airlines, Inc. (Nasdaq: ULCC) amended the merger agreement with Spirit […]
Ford To Restructure EV Dealership Model To Match Tesla Profit Margins
Ford (NYSE: F) intends to restructure the way it sells its electric vehicles (EVs), and will in the future include an e-commerce platform where customers can buy their EVs at standard prices. CEO Jim Farley, who was at the Bernstein Strategic Decisions Conference on Wednesday, shared that this idea was inspired by Tesla’s sales model. […]
What Is The Best Investing Hedge Now? – The Daily Dive
To start off this week, on the Daily Dive we see the return of Lobo Tiggre, from the Independent Speculator. Lobo sits down with us today to discuss recent comments made by JPMorgan Chase CEO Jamie Dimon, the impact of the Russia-Ukraine war as we surpass the 100-day mark, the implementation of “windfall profits” taxes, […]