The Great Retirement: Canadians Are Retiring Sooner As Workforce Gets Older, Faster
There’s one more thing for Canada to worry about: the workforce is aging, and it’s shrinking faster than the country could be able to keep up. Data from Statistics Canada show that while the country’s labor force grew in August, it was coming from a drop in the two previous months, and it’s still lower […]
Rising Rates Globally Set To Hit Spain, Australia, Canada The Hardest
Many corners of the financial and investing world are grappling with challenges that were not envisioned as recently as a few months ago, and have not been present in decades. The most prominent example is extremely high and seemingly sticky levels of inflation in many countries across the globe. This has prompted global central banks to implement […]
Poll Suggests Most Americans Believe That The US Isn’t Taking The Threat Of A War With China Seriously
A recent nationwide survey found that a majority of Americans believe that the United States does not consider itself to be at war with the Chinese government, but a significant portion of the same respondents think that the communist regime considers itself to be at war with the US. The poll, which was conducted by […]
Celsius Looks At Selling US$23 Million In Stablecoin Holdings For Its Bankruptcy Process
Celsius Network filed on Thursday with the court holding its bankruptcy hearings a request to allow the sale of its stablecoin holdings in order to fund its operations, including its Chapter 11 case. The firm aims to secure permission from the United States Bankruptcy Court Southern District Of New York to sell their current and […]
Biden Administration Mulls Shoring Oil Reserves When Prices Hit Below US$80 Per Barrel
The Biden administration is looking at refilling its strategic petroleum reserves should crude oil prices drop below US$80 a barrel. According to people familiar with the matter who told Bloomberg, the White House officials are mulling over the timing of the purchase to fill back the reserves, which are now at a 38-year low. In […]
The Multi-Billion Dollar Market That Nobody Talks About – With Patrick Power
Joining SmallCapSteve today is Patrick Power, President & CEO of Arctic Star Exploration (TSXV: ADD). Steve sits down with pat today to discuss diamonds and why they’ve fallen out of favor with the Canadian junior investor, and the impact of two of the largest jewelry retailers in the world banning Russian diamonds. Also discussed is […]
FedEx Falls 22% After “Disappointing” Fiscal Q1 2023, Withdrawing Earnings Guidance, CEO Predicts “Worldwide Recession”
FedEx Corp (NYSE: FDX) reported on late Thursday preliminary items from the financial results for fiscal Q1 2023, ended August 31, 2022. The company notched US$23.2 billion in revenue, a marginal increase from Q1 2022’s US$22.0 billion. But operating income declined to US$1.19 billion for the quarter compared to US$1.40 billion for the comparable period last […]
Ethereum Merge Puts Crypto Asset Under SEC’s Radar
It seems there’s a lot more at stake with Ethereum’s software update to a staking model based on the US Securities and Exchange Commission’s earlier comments on the consensus system. SEC Chairman Gary Gensler commented on how crypto holders who “stake” their coins through a proof-of-stake (PoS) model might be considered as an investment that […]
Canadian Housing Starts Down 3% in August as Multi-Units Tumble
Canadian housing starts were down between July and August, as the pace of urban starts slowed down. The Canada Mortgage Housing Corporation (CMHC) reported on Friday that housing starts stood at 267,443 units in August, marking a decline of 3% from the month prior. Still, the figure came in higher than the 265,000 forecast by […]
Uber “Currently Responding To A Cybersecurity Incident” While The 18-Year Old Hacker Openly Discusses How He Did It
Uber Technologies, Inc. (NYSE: UBER) said on Friday that it is “currently responding to a cybersecurity incident” after it was reported that a hacker infiltrated the company’s internal network. To add salt to the proverbial digital wound, the hacker–reportedly an 18-year old–himself announced the hack to Uber employees via compromising the Slack account of one […]