Golds Price Is Only Loosely Linked To The Fed Funds Rate
Many investors in the equity, bond and commodities markets expect the U.S. Federal Reserve to pivot fairly soon toward a more accommodative interest rate policy. Phrased differently, the central bank may potentially bow to political pressure and not impose many additional interest rate hikes which could cause a significant slowdown in the economy. The Fed is […]
Core Assets Corp: Advancing A BC-Based CRD Copper Project
Core Assets Corp. (CSE: CC) is a Vancouver-based junior mineral exploration company focused on exploring and developing its CRD Porphyry polymetallic copper project in the Atlin Mining District in Northwestern British Columbia. Referred to as the Blue Property, the project comprises a 1,083 km² district scale land position within the last unexplored area of the […]
Porn Profits: OnlyFans Owner Made Over $500M In Dividends During Pandemic
If you’re not in the pornography business during a pandemic, are you even making money? OnlyFans owner Leonid Radvinsky is said to have made about $517 million in dividends since the beginning of 2021, thanks to the subscription platform’s surging profits during the pandemic. OnlyFans raked in $433 million in pretax profits during the 12 months […]
Take-Two: BMO Cuts Target, Foresees Weakness In Microtransactions
On September 1st, BMO Capital Markets reiterated their outperform rating on Take-Two Interactive Software, Inc. (Nasdaq: TTWO) but cut their 12-month price target to $155 from $182. The new price target represents an upside of about 26%. The analyst lowered the price target due to lowering estimates, with the analyst expecting lower monetization rates from […]
Aurora Cannabis, New Gold Amid Names Dropped From S&P/TSX Composite In Latest Rebalance
Details on the latest quarterly adjustments to the S&P/TSX Composite Index, as well as the S&P/TSX 60 Index were released last night after the bell. In a sign of the times for the cannabis market, yet another former major within the cannabis market has been removed from the index as the sector continues to bleed […]
Lucid Group Sees Major Saudi Shareholder File For Ability To Sell Stake In Firm
On August 29, Lucid Group, Inc. (NASDAQ: LCID) filed an S-3 registration statement with the SEC that would allow the company to issue US$8 billion in new capital over a three-year period after the registration is approved by the regulatory agency. The new capital could include common or preferred stock and various debt instruments. While not a constructive […]
India’s Gautam Adani Makes History As The World’s Third Richest Man
The world’s third richest person, for the first time ever, is from Asia. Gautam Adani, an infrastructure tycoon from India, overtakes LVMH Chairman Bernard Arnault on the Bloomberg Billionaires Index, with a net worth of approximately $137 billion. Adani, who is 60 years old, is the founder of the Adani Group, which controls companies across […]
BMO Reiterates Targets On Couche-Tard Despite Q2 Earnings Beat
On August 30, Alimentation Couche-Tard Inc. (TSX: ATD.B) announced its fiscal first quarter financial results for the period ending July 17, 2022. The company announced that revenues came in at $18.66 billion, up roughly 38% year over year. Though merchandise and service gross profits remained flat on a year-over-year basis, coming in at $1.4 billion. […]
Gazprom Halts Nord Stream Gas Shipments Indefinitely Due to Leakage
Natural gas shipments to Europe via Nord Stream 1 have been completely halted due to an alleged leak found in the pipeline on Friday. Even before flows were temporarily stopped for three days of scheduled maintenance, Nord Stream 1 capacity stood at a paltry 20%, with Russia citing sanctions as the culprit behind the disruption […]
French Industrial Gases Supplier Air Liquide Makes Russian Exit, Leaves Operations To Local Management
Atypical of a so-called “French exit,” Paris-based industrial gases producer Air Liquide publicly announced its withdrawal out of Russia, leaving the operations to the local management. “Taking a responsible and orderly approach, the [Air Liquide] Group has signed a memorandum of understanding with the local management team with the objective to transfer its activities in […]