Telus Looks To Be The First Telecom To Charge Credit Card Processing Fees
It appears that Telus Corporation (TSX: T) is unhappy with the $1.7 billion in net income it posted in 2021, despite that figure being an increase of just under 35% from its net income reported in 2020. The major Canadian telecom on Monday filed an application with the CRTC that effectively seeks to increase those […]
Americans’ Confidence in the Housing Market Plummets to 10-Year Low Amid Rising Mortgage Rates
Americans are rapidly losing confidence in the country’s real estate market, as high inflation and subsequent rising mortgage rates send both buyers and sellers to the sidelines. Fannie Mae’s monthly Home Purchase Sentiment Index slumped two points to 62.8 last month, and is down 13 points from July 2021— the lowest since 2011. Comparatively, the […]
Pure Gold Sees Mineral Resources, Grades Decline In Latest Estimate Update
Pure Gold Mining (TSXV: PGM) has finally updated the current mineral resource estimate for its flagship PureGold Mine in the Red Lake, Ontario mining camp. The estimate, which has an effective date of December 31, 2021, is the first such update provided by the company since February 2019. “The thorough independent review and update led […]
Trulieve Sees Flat Q2 Results, Lowers Guidance For Full Fiscal Year
Growth appears to be slowing for Trulieve Cannabis (CSE: TRUL), whom this morning reported its second quarter financial results. The company saw its topline revenue stay nearly flat, with results driven by retail sales while wholesale, licensing and other revenue fell significantly. Revenue for the quarter came in at $320.3 million, an improvement of only […]
Elon Musk Dumps $6.9 Billion In Tesla Stock After Pumping Up Investors At Shareholder Meeting
It appears that Elon Musk has pulled a classic pump and dump on Tesla (NASDAQ: TSLA) investors, just hours after holding the firm’s annual shareholder meeting last Thursday. It appears that contrary to Musk’s famous statement, his money will not be “the first in.. last out.” At the shareholder meeting, as reported by TheStreet.com, Musk […]
“Either Russian Or No-one’s”: Kremlin General Threatened Shelling Europe’s Largest Nuclear Facility; UN Chief Warns Attacks On Nuclear Plants Are “Suicidal”
Over the weekend, Ukraine’s state nuclear power generator Energoatom reported rockets were fired at the city of Enerhodar by Russian forces, hitting the site of the Zaporizhzhia nuclear power plant–Europe’s largest nuclear facility– with rockets said to hit next to storage of spent nuclear fuel. Following the incident, Ukrainian President Volodymyr Zelenskiy called for actions […]
First Lithium: The Newest Issuer On The CSE
First Lithium Minerals (CSE: FLM) commenced trading this morning on the Canadian Securities Exchange. The firm is the latest lithium explorer to premier on the Canadian capital markets, after having developed its asset portfolio over the last several years. The company is focused on its primary asset, found in Northern Chile, where it is advancing […]
Endeavour Silver Records Revenue Decline, Net Loss After Withholding 1.6 Million Silver Equivalent Ounces For Future Sale
Endeavour Silver Corp. (TSX: EDR) shared on Tuesday its financial results for Q2 2022. The release highlighted a quarterly revenue of US$30.8 million, down from US$47.8 million in Q2 2022 and also failing to beat the estimate of US$32 million. The decline is primarily being attributed to the company’s decision “to withhold from sale a […]
The Stonk Movement Is Back: Meme Stocks Are Flying
Jim Cramer is not going to like this. Meme stocks seem to be making an aggressive comeback, with AMC Entertainment (NYSE: AMC), Bed Bath & Beyond (NASDAQ: BBBY), and GameStop (NYSE: GME) shares gaining big on Monday, following last week’s jump. AMC Entertainment went up 16% on Monday and is up 70% in the past […]
Are We Headed Towards A Bull Market? – With Michael Williams Of Vortex Metals
Joining SmallCapSteve today is Michael Williams, Executive Chairman of Vortex Metals (TSXV: VMS). Michael sits down with us to share his thoughts on the impact of inflation on the mining industry and his read on the future of copper. The discussion then transitions to Vortex Metals, which he, along with Vikas Ranjan, co-founded with the […]