Russian Officials Who Proposed To Charge Putin With Treason Get Arrested
Officials from the Russian city of St. Petersburg have called on the country’s State Duma to remove President Vladimir Putin from power for committing crimes of treason. The elected officials, led by Russian Deputy Dmitry Palyuga, have all been summoned on charges of “discrediting the ruling authorities.” On Wednesday, Nikita Yurefev, a municipal deputy for […]
Pure Gold Mining Produces 4,595 Ounces In August, Costs Remain High
Pure Gold Mining (TSXV: PGM) this morning posted its production figures for the month of August, while at the same time reaffirming guidance for the third quarter. The firm also provided further details on its production outlook. For the month of August, Pure Gold managed to produce 4,595 ounces of gold for the month, after […]
Russia Will Limit Retail Investor Access To Shares From ‘Unfriendly’ Countries
Beginning October 1, the Bank of Russia will apply restrictions on retail investors’ access to shares from companies listed in countries the nation deems as ‘unfriendly’ for imposing sanctions against Moscow for its war in Ukraine. The instruction, which was announced on Tuesday, aims to minimize the exposure of retail investors to Western sanctions. Millions […]
Tamarack Valley To Acquire Clearwater Producer Deltastream Energy In $1.4 Billion Deal
Tamarack Valley Energy (TSX: TVE) is making waves in the oil and gas sector, announcing this morning that it will be acquiring Deltastream Energy Corp for total consideration of $1.4 billion. The transaction is expected to solidify Tamarack’s position as the largest producer in the Clearwater oil play. The acquisition will see Tamarack add 23,000 […]
Swarmio Enters Distribution Agreement Focused On Africa, Latin America, Europe
Swarmio Media (CSE: SWRM) appears to be turning its attention to Africa and Latin America. The firm this morning revealed that it has entered into a revenue share and wholesale distribution arrangement that will see a wholesale provider of telecom products push the firms Ember gaming and esports platform. The arrangement, entered into with Apelby […]
Gold Royalty: BMO Cuts Target After Recent Royalty Purchases
On September 1st, Gold Royalty Corp. (NYSE: GROY) announced that it has entered into an agreement with Nevada Gold to acquire three different royalties for total consideration of US$27.5 million, to be paid in the form of 9,393,681 shares. The company expects that the transaction will close by the end of the current quarter. The […]
No, Anthony “Pomp” Pompliano Isn’t Done With Bitcoin — Maybe It’s Just Character Development?
The meme account @BusinessFamous called it: the Twitter profile of Anthony Pompliano, more popularly known as Pomp, was missing a few very significant details: “laser eyes, gone. Bitcoin in bio, gone.” Many wondered if this meant that the Bitcoin influencer has had a change of heart. Pompliano, who’s a partner at Morgan Creek Capital, has […]
History Shows That A Strong U.S. Dollar Is Bad News For The S&P 500
As the U.S. Federal Reserve continues to tighten monetary policy to combat inflationary pressures, the U.S. dollar has rallied for months. Much higher short-term interest rates available in the U.S. than in Europe or Japan have prompted capital to flow to the United States. The U.S. overnight interest rate is 2.50%, and the Fed is expected to […]
Canaccord: Ford’s Absence From Rivian-Mercedes Deal Is Telling
On September 8, Mercedes-Benz announced that they had signed a Memorandum of Understanding with Rivian Automotive, Inc. (NASDAQ: RIVN) for a “strategic partnership and joint production of electric vans.” The joint venture will “look to leverage shared investments, shared costs and will pursue operational synergies to rapidly scale electric van production.” In the news release, […]
GameStop Reports Another Down Quarter; NFT Marketplace Flops
After the regular market close on September 7, GameStop Corp. (NYSE: GME) reported another quarter in which its revenues were down, and its net loss per share and operating cash flow deficit widened from the year-ago period. In 2Q FY23, which ended July 30, 2022, the company’s revenue, adjusted diluted EPS, and operating income were US$1,136 million, (US$0.35), […]