Mortgage Rates Hit Highest Level In 13 Years: “Affordability Crisis Dialed Up To An 11 Out Of 10”
Homebuyers are backing out of the market as mortgage rates have increased to their highest level in over 13 years, according to a real estate brokerage. Citing its own report, real estate company Redfin (NASDAQ: RDFN) said that they saw a reduction in homebuying demand. The firm’s seasonally-adjusted Homebuyer Demand Index recorded a 16% decline year-on-year–its […]
Is Silver Still A Buy? – The Daily Dive
Closing out the week for The Daily Dive is that of Tavi Costa, Partner & Portfolio Manager for Crescat Capital. Tavi joins us today to discuss possible alternatives to Russian gas, how he’s positioning hismelf in the current environment, and what his read on the silver market currently is. Also discussed is Switzerland’s move to […]
Harmony Heist: US$100 Million Stolen In Crypto Bridge Hack That Exposed System Vulnerability
In the latest hack within the crypto world, start-up blockchain Harmony reported a theft amounting to US$100 million. The hack on its Etheruem-based cryptocurrency bridge Horizon was discovered on Thursday, revealing a vulnerability in the digital asset ecosystem. “On Thursday, June 23, 2022, the Harmony Protocol team was notified of a malicious attack on our […]
Stellantis Acquires Stake In Decarbonized Lithium Producer Vulcan For €50 Million
Weeks after establishing its hydrogen fuel cell division, Stellantis NV (NYSE: STLA) has turned its investing attention into low-carbon lithium production. The automaker announced today its €50 million equity investment into lithium producer Vulcan. The investment effectively gives the Netherlands-based automaker an approximate 8% equity in Vulcan, making it the second-largest shareholder of the Australian […]
Coinbase Set To Offer Nano Bitcoin Futures
Coinbase Global (NASDAQ: COIN) is evidently looking to salvage what they can from the tumbling crypto market. The firm yesterday announced via a blog post that it would be making nano bitcoin futures available to trade through brokers. The nano futures are designed to enable those with less capital to be able to trade futures […]
E3 Lithium Commences Drilling For Lithium In Historic Albertan Oil Field
E3 Lithium (TSXV: ETMC) continues to perform this week, announcing this morning that the company has begun drilling for lithium in Alberta. The development follows the company yesterday announcing a strategic deal with Imperial Oil. Drilling of the first lithium evaluation well in Alberta is now underway, which is being conducted as part of the […]
Argonaut Gold Snubs Shareholders With Financing That Will Dilute Shares Over 50%
Argonaut Gold (TSX: AR) yesterday decided it no longer cares for its shareholders so long as it can get the Magino Project to the finish line and into production. The company last night announced a financing for $195 million – which will have a significant impact on a firm currently valued at $189.6 million. The […]
Alameda Research Returns 4.5 Million Shares Of Voyager Digital To Avoid Being A Reporting Insider
In what appears to be the week that will never end, Voyager Digital (TSX: VOYG) received another kick in the teeth last night, when it was announced that major shareholder Alameda Research had voluntarily given up a significant percentage of its holdings in the company. Alameda last night disposed of 4.5 million shares, reducing its […]
Ontario Bans KuCoin Permanently, Settles With Bybit For US$2.5 Million
The continuing enforcement of the Ontario Securities Commission (OSC) on cryptocurrency firms has turned its attention to non-compliant KuCoin and ByBit. The agency announced on Wednesday the Capital Markets Tribunal’s decisions on the enforcement actions against the two crypto exchanges. OSC claimed that both firms “operate unregistered crypto asset trading platforms,” as well as “trade […]
“He’s Mildly Sensitive”: Biden Says About Chevron CEO For Calling Out The White House On “Vilifying” Oil Industry
Speaking at a briefing on Tuesday, President Joe Biden commented on the letter from Chevron chairman and chief executive Michael Wirth where he called out the White House for “largely seeking to criticize, at time vilify” the oil industry. “He’s mildly sensitive. I didn’t know they’d get their feelings hurt that quickly,” the president said. […]