Peter Schiff: Did Ukraine Sell More Gold Than it Had Prior to the War?
With the conflict in Ukraine showing no signs of ending anytime soon, the country’s economy remains in a state of disarray and financial hardship. In order to shore up some additional financial resources, Ukraine’s central bank has embarked on a gold-selling spree, liquidating $12.4 billion worth of gold reserves since the beginning of Russia’s invasion. […]
Why Did Tesla Convert 75% Of Its Bitcoin Holdings?
Faster than its accumulation of the digital asset, Tesla (Nasdaq: TSLA) just liquidated around three-quarters of its bitcoin holdings, a perceived departure from the company’s staunch embrace of the crypto coin. “As of the end of Q2, we have converted approximately 75% of our Bitcoin purchases into fiat currency,” the company said in its Q2 […]
First Majestic Silver To Raise US$100 Million Via At The Market Financing
First Majestic Silver Corp (TSX: FR) has evidently chosen one of the worst possible times in the market to attempt to raise funds. The firm this morning announced that it will be conducting an at the market equity program, following the release of its second quarter production results. The financing will see the company raise […]
NG Energy Confirms “Significant Gas” Encountered At Sinu-9 Well
It appears that an image posted on social media has lead NG Energy International (TSXV: GASX) to confirm that it has encountered significant gas in a new well being drilled at what is to become its flagship property, the Sinu-9 cell block in Colombia. The firm this morning indicated that the Magico-1X well, the first […]
Great Panther Sees Q2 Production Decline 27% Year Over Year
Great Panther Mining (TSX: GPR) this morning released its production results for the second quarter. The firm managed to produce a total of 20,187 gold equivalent ounces during the quarter, an improvement over the first quarter of the year. Production for the quarter consisted of 16,889 gold ounces along with 159,529 silver ounces, compared to […]
Cognetivity Enters Paid Pilot Program With Japanese Insurance Giant
Cognetivity Neurosciences (CSE: CGN) appears to be on a roll when it comes to establishing pilot programs in new markets. Following the company entering a pilot program in Singapore earlier this month, the firm has now entered into a paid pilot program with a Japanese insurance giant. The latest pilot program will be conducted with […]
Cathie Wood Closes Doors On Transparency ETF In ARK Invest’s First Termination
Cathie Wood’s ARK Invest announced that it will be terminating its transparency-themed ETF, the first fund closure for the firm. The fund, trading under the symbol “CTRU”, is set to have its last trading day on the Cboe BZX Exchange on July 26. The investment firm’s board of trustees “unanimously approved the liquidation, winding down, […]
Major Heatwave Threatens EU’s Food Security
An unprecedented heatwave across Europe is threatening to send the continent’s food security even further into peril. Europe’s major crop-producing regions are bracing for a potentially poor harvest this year, as temperatures in some places soared to nearly 50 degrees Celcius. The record heatwave threatens to adversely affect this year’s yield, particularly in Portugal, Spain, […]
India Renews Call For Ban On Cryptocurrency And Its “Destabilising Effect”
India’s central bank renewed the country’s call to ban cryptocurrencies. The South Asian state, the world’s second-largest market, is mulling a legislative action to take this prohibition into effect. “[Reserve Bank of India] is of the view that cryptocurrencies should be prohibited,” said Indian Finance Minister Nirmala Sitharaman. The government’s top finance officer also said […]
Netflix Membership Sees “Better-Than-Expected” Decline, Records Slowest Annual Revenue Growth In A Decade
Netflix (Nasdaq: NFLX) announced on Tuesday its financial and operational results for Q2 2022. The firm saw its forecasted membership decline number cut in half and recorded losing 1.0 million users during the quarter — deeming the quarter “better-than-expected” on subscriber “growth.” The firm recorded a 200,000-subscriber loss in Q1 2022, its first subscriber decline […]