Credit Suisse Mulls Revival Of First Boston Brand
Credit Suisse Group AG (SWX: CSGN) is considering the idea of bringing back its United States investment banking brand First Boston, according to a Bloomberg report. The report, which cites information from people who asked not to be identified as the matter hasn’t been publicly announced, said that the Swiss lender could pursue renaming with […]
Video Platform Rumble Begins Trading After Closing SPAC Deal
Rumble, Inc. (NYSE: RUM), a video platform backed by billionaire Peter Thiel, has merged with CF Acquisition Corp. VI, a special purpose acquisition company backed by Wall Street firm Cantor Fitzgerald and has started trading as of Monday under the ticker symbol RUM. The platform, now valued at over $2 billion, has been around since […]
Is The New Tax Law About To Make US Lithium Companies Hot?
US-based electric vehicle makers are finding ways to accelerate the creation of a US battery supply chain to qualify for tax credits under the newly-signed Inflation Reduction Act (IRA). Analysts say that under the new law, EV makers could receive tax credits enough to offset more than a third of the cost of EV battery […]
Germany Gains Control of Russian-Owned Rosneft Refineries in Desperate Bid to Avert Complete Energy Crisis
It appears that Germany has moved onto plan B to avert a full-blown energy crisis, after realizing that plan A (ie., building new LNG terminals, increasing solar and wind infrastructure in response to Russia’s curtailment of gas shipments) cannot be feasibly achieved before winter comes in a few short months. So, instead, the German government […]
Boomer Town: Is The US Congress Too Old To Represent Its People?
The age gap between America’s leaders and its people is wider than ever. Congress has aged so dramatically in the past few decades that it has now come to a point where it is no longer representative of the country it was elected to represent. Data collected by Insider shows that during the 1960s, the […]
What’s Next for Gold? – With Simon Dyakowski
Joining SmallCapSteve today is Simon Dyakowski, President & CEO of Aztec Minerals Corp (TSXV: AZT). Simon returns to the show to discuss the impact of inflation on junior mining, his read on the current macroeconomic environment, his gold strategy, and other commodities he’s currently monitoring. Also discussed is the latest on Aztec’s drill program and […]
Netflix Reportedly Starts Ad Buyer Bidding At An Industry-Breaking “Soft US$65 CPM”
Netflix (Nasdaq: NFLX) seems to be determined to recoup its declining revenue and membership base real fast. The streaming platform is reportedly asking ad buyers to submit initial bids next week, with the cost per impression (CPM) pegged at a “soft US$65.” The company is working on launching its ad-based tier subscription model with Microsoft, […]
SEC’s Crypto Accounting Guidelines Might Be A Costly Hurdle For Banks
As traditional financial institutions are looking into entering the crypto space, regulators looking at policing the industry are making the foray harder. In March 2022, the US Securities and Exchange Commission put forth a guideline requiring public companies that hold crypto assets on behalf of its investors must account for them as liabilities on their […]
South Korea Asks To Put Terra Co-Founder On Red Notice, Do Kwon Says He’s “Not On The Run”
South Korean authorities have asked Interpol to put Do Kwon, co-founder of the defunct Terraform Labs, on red notice–a measure usually activated to entail law enforcement worldwide to locate and provisionally arrest a person on behalf of the local prosecutors. The Seoul Southern District Prosecutors’ Office also asked the country’s foreign ministry to cancel Kwon’s […]
Look, ‘Biden 2024’ Might Not Be Happening
Like his predecessor, US President Joe Biden might be looking at a one-term presidency. In an interview with 60 Minutes, the Commander-In-Chief was asked if he has made up his mind about running for reelection in 2024. “My intention, as I said to begin with, is that I would run again. But it’s just an […]