The Biggest Mismatch in History: Inflation Soars to Near Double-Digits, Economy Barrels Towards Recession… ECB Raises Rates to 0.75%
The European Central Bank finally decided to jump on the bandwagon of monetary policy panic, realizing the colossal money printing of the Covid-19 era may have been too excessive for too long. On Thursday, policy makers delivered a front-loaded 75 basis-point hike, marking the largest increase in borrowing costs in more than a decade. However, […]
Cineworld Declares Bankruptcy: AMC CEO Distances, Cineplex Expects Hitches On Claiming $1.24 Billion Court Judgment
British cinema chain Cineworld Group filed for Chapter 11 bankruptcy proceedings but its leading competitors took the headlines. AMC Entertainment Holdings, Inc. (NYSE: AMC) CEO Adam Aron took the announcement to distance the American theatre chain from the bankruptcy filing, saying the firm “is in a very, very different situation.” “Fortunately, AMC is in a very, […]
Putin Threatens To Pull Out Of Grain Agreement And To Let Europe Freeze In The Winter
At the lackluster event that was the Russian Eastern Economic Forum, Russian President Vladimir Putin didn’t speak much about the economy and trade, at least not with Myanmar and Armenia, the only two countries that sent top officials to the event. Putin instead threatened to slash the export of Ukrainian grain and said that if […]
“Free From Political Interference”: Trump’s TMTG Urges SEC To Finish Probe On SPAC Merger Deal
Trump Media & Technology Group is leaning on the US Securities and Exchange Commission to wrap up its investigation on the pending SPAC merger deal with Digital World Acquisition Corp (Nasdaq: DWAC). Former US President Donald Trump’s media firm said that while it will “continue cooperating with all stakeholders in connection with its planned merger,” […]
Terra Balcanica Intersects 824.2 g/t Silver Equivalent Over 4.0 Metres In Maiden Drill Hole
The first drill results from the maiden drill program conducted by Terra Balcanica Resources (CSE: TERA) at its Viogor-Zanik project were released this morning. Mineralization was reportedly found at shallow depths, with mineralization found within polymetallic veins. Results released this morning consist of a single drill hole, referred to as hole CMVDD001. Mineralization was intersected […]
Equinox Gold Sees Los Filos Mine Again Blockaded By Local Community
The year of 2022 is proving to be a tough one for Equinox Gold (TSX: EQX), whom this morning announced that operations have been suspended at its Los Filos Mine in Mexico. The suspension follows a suspension of operations at the firms RDM Mine earlier this year in Brazil, as well as the withdrawal of […]
Emerita Resources Intersects 20.6 Metres Of 0.9% Copper
Emerita Resources (TSXV: EMO) has released a further five drill results from its Iberia Belt West Project, found in Spain. The results come from both the La Infanta and the La Romanera deposits. The drill program is currently being conducted with a total of ten drill rigs, of which nine are situated at La Romanera, […]
UK Ditching Green Policies? Liz Truss Vows to ‘Revolutionize Energy Supply’ by Boosting Offshore Drilling, Scrapping Fracking Ban
After freshly taking over from Boris Johnson, new UK prime minister Liz Truss vows to immediately get to work in solving the country’s worsening inflation and energy crisis, as gas shipments from Russia become increasingly uncertain heading into the winter months. It appears the UK is realizing that Russia may, after all, have the upper […]
Elon Musk Has Thoughts About Amazon’s New Show, Neil Gaiman Is Having None Of It
Tesla CEO Elon Musk, in between his attempts to back out of his bid to take over Twitter (NYSE: TWTR), found the time to watch and mull over Amazon (NASDAQ: AMZN) Prime Video’s most recent original production, the Lord of the Rings adaptation The Rings of Power. The richest man in the world tweeted that […]
BBBY Lawsuit Adds To Intrigue Of Suicide Of Bed Bath & Beyond CFO
One of the leading business headlines over the long early September weekend was also a ghoulish one: the suicide of Bed Bath & Beyond Inc.’s (NASDAQ: BBBY) CFO, Gustavo Arnal. The 52 year-old executive plunged to his death in New York City. While no one will ever know with certainty the reason for Arnal’s action, it may suggest […]