If The Sanctions Aren’t Working, Why Is Russia Making A 10% Budget Cut?
Russia’s finance minister just announced a 10% budget cut across the board after the government suffers its biggest revenue collapse in 11 years. The cut is being made after Moscow sustained a budget hole the size of 1.5 trillion rubles during June-August. According to a source close to the cabinet, so-called “unprotected items” will go […]
IAMGOLD Sees Chief Financial Officer Exit Company
IAMGOLD Corp (TSX: IMG) continues to churn through members of management in connection with their seemingly endless capital issues. The firm this morning saw Daniella Dimitrov resign from her role as Chief Financial Officer and EVP, Strategy & Corporate Development. The resignation will see the firms current vice president of finance, Maarten Theunissen, appointed to […]
West Red Lake To Be Acquired By Frank Guistra’s DLV Resources
West Red Lake (CSE: RLG) has reached terms to proceed with a previously announced business combination. The firm will be combining with DLV Resources (TSXV: DLV.H), which is held in large part by Frank Guistra. The definitive agreement will see West Red lake acquired for 0.125 of a share for each share held, equating to […]
Japan Concedes Authorities Likely Don’t Have the Tools to Combat Rapidly Falling Yen
The yen is falling sharply, further widening the country’s trade gap to a record, and Japanese authorities do not have the means to meaningfully intervene. The Japan Liberal Democratic Party head of research commission on financial affairs Satsuki Katayama is is sounding the alarm on the yen’s rapid decline, ominously acknowledging that Tokyo is prepared […]
Putin Allegedly Rejected A Provisional Peace Deal With Ukraine That Satisfied His Initial Demands
As Russia’s war in Ukraine broke out in February, Vladimir Putin’s chief envoy to Ukraine was allegedly able to strike a provisional deal that had Kyiv agreeing to Moscow’s demand that Ukraine stays out of NATO, Reuters reported. But the Russian strongman allegedly rejected the deal and went ahead with the invasion. The report, which […]
BMO: Dollarama Is “Resilient During Periods Of High Inflation”
On September 9, Dollarama (TSX: DOL) announced its second quarter 2023 financial results. The company stated that revenues grew 18.2% year over year to $1.217 billion, while EBITDA grew 25.8% to $369.4 million, or a 30.4% margin. Operating income increased 30.3% to $287.4 million, and diluted net earnings increased to $0.66. The company noted that […]
Cardi B Is Furious Over Inflation, Cost Of Housing: “Living Is Unbearable”
Grammy-winning songwriter and rapper Cardi B took to Instagram Live on Saturday to air out her outrage over inflation and the soaring cost of housing. The rapper was comparing prices from when she was helping out a cousin look for a new apartment just a few months ago to recently when she was helping out […]
Russian Hegemony: Moscow Secretly Spent US$300 Million On Global Political Campaigns — US Intelligence
Russia reportedly spent around US$300 million to secretly fund political parties and candidates in more than two dozen countries since 2014–seemingly the country’s attempt to shape global political powers to suit its interests. According to a new US intelligence report, which US President Joe Biden’s administration commissioned, Moscow also plans to spend more hundreds of […]
The NFT Market Is Still Alive – Why? With Gareth Soloway
Joining SmallCapSteve this afternoon is Gareth Soloway, President and Chief Market Strategist of InTheMoneyStocks.com. Gareth returns to give us his read on the current state of the NFT market, the meme stock craze, and the Fed’s upcoming interest rate decision. Gareth also very kindly pulls up some charts and takes us through some trading suggestions. […]
Trillion Energy: Research Capital Initiates Coverage With $1.35 Price Target
On September 13, Research Capital Corporation initiated coverage on Trillion Energy (CSE: TCF) with a C$1.35 12-month price target and a buy rating, saying that the company’s primary focus is on “the continued development of its SASB natural gas project, located offshore in the Black Sea of Türkiye.” The company currently holds a 49% interest […]