Hemp Manufacturer Hempacco Prices Downsized US$6 Million IPO
Hemp manufacturing company Hempacco Co., Inc. (Nasdaq: HPCO) started trading its shares on the Nasdaq Capital Market on Tuesday. The initial public offering is estimated to gross US$6 million. The offering consists of 1.0 million common shares, initially set at 3.0 million, selling at US$6.00 per share. The company is set to trade on the […]
US Mortgage Lenders Are Going Belly Up, Is It Going To Be Like 2008?
With the current situation of the real estate market, it’s not surprising that market watchers can’t help but get flashbacks of the 2008 crash. Resale inventory is low, interest rates are high and it seems they’ll just keep going up, and now mortgage lenders are going bankrupt. First Guaranty Mortgage Corp has filed for bankruptcy […]
Mt. Gox Offloading 137,000 Bitcoin To The Market Is Fake, But Its Effect On Price Was Real
Amid the rumors of Mt. Gox planning to dump the payout to its creditors in one giant 137,000-bitcoin offload, one of the creditors disputed the story as misinformation. Eric Wall, who identified himself as a creditor, dispelled any rumor that the Tokyo-based digital exchange will be distributing its payments in bulk soon. He added that […]
German Inflation Soars To Record 8.8% Ahead Of The ECB Meet
Germany saw its consumer prices hike the highest on record–a staggering 8.8% in August vis-a-vis its counterpart last year. According to the country’s statistics office, rising food and energy costs heavily drove the increase in the basket of goods prices. The impact, however, was offset by temporary government aid, including a fuel rebate and ultra-cheap […]
Alibaba to Face US Audit Inspections Following Deal With Beijing, Washington
E-commerce giant Alibaba is among the first Chinese companies to face US audit inspections following last week’s landmark agreement between Beijing and Washington that will allow American regulators to overlook Chinese accounting firms. According to sources cited by Reuters, Alibaba is slated to face regulatory oversight by the Public Company Accounting Oversight Board (PCAOB) beginning […]
Shell CEO Believes Europe Energy Crisis Might Not Be Limited To “Just One Winter”
According to Shell’s chief executive, Europe might have to plan for energy savings and rationing beyond this coming winter. “It may well be that we have a number of winters where we have to somehow find solutions through efficiency savings, through rationing and a very, very quick buildout of alternatives,” CEO Ben van Beurden said. […]
Taiwan Reportedly Fired Warning Shots On Chinese Drone Just A Day After Its Announced Ultimatum
Just a day after Taiwan issued its ultimatum on Chinese drones incursions, the self-governed island has reportedly fired warning shots for the first time at a drone near its offshore island. On Monday, Taiwan’s Ministry of National Defense said the country would “shoot down intruding Chinese drones that fail to heed warnings.” This comes after […]
RooGold Sees Latest Samples Assay 23.1 g/t Gold
More assay results are in for RooGold Inc (CSE: ROO) and their ongoing sampling program being conducted across their Australian properties. The latest results come from the firms wholly owned Gold Star project, found along the New England Orogenic Terrain in New South Wales. The latest assays come via rock chip samples, which were taken […]
Trevali Mining Expected To Be Delisted From Toronto Stock Exchange On Thursday
Trevali Mining (TSX: TV) has finally conceded that it will likely be delisted from the Toronto Stock Exchange following a string of unfortunate events for the firm. The development was included at the bottom of a late evening news release filed by the firm yesterday. Trading in the firms shares have been suspended since August […]
Elon Musk Again Tries To Back Out Of Twitter Takeover With Second Termination Letter
Another cancellation notice has been received by Twitter (NYSE: TWTR) from Elon Musk and his firm, X Holdings I. The notice, issued yesterday, follows a notice issued on July 8 whereby Musk attempted to highlight “material breach of multiple provisions” of the previously entered merger arrangement. This latest letter is said to have been filed […]