California Declares Grid Emergency: “Mother Nature Has Outrun Us”
Amid the record drought and the looming energy crisis, California declared a state of emergency on Wednesday. The announcement, made after tapping all of the state’s energy supplies, indicated possible rolling blackouts in the coming weeks. “It’s pretty clear Mother Nature has outrun us,” said Governor Gavin Newsom in a news conference. “The reality is […]
US Payrolls Hit Expectations, Unemployment Rate, Earnings Weaken
America’s labour market continued to show resilience despite a slowdown in economic growth, further fuelling expectations that the Fed will deliver another 75 basis-point rate hike later this month. US nonfarm payrolls were up 315,000 in August, marking the 20th consecutive month of gains, but receded from the downwardly revised 526,000 reported in July. The […]
Lululemon Jumps 11% After Fiscal Q2 2022 Financials Beat Estimates
Lululemon Athletica Inc. (Nasdaq: LULU) reported on Thursday its financial results for fiscal Q2 2022 ended July 31, 2022, highlighting a quarterly revenue of US$1.87 billion. This beats the consensus estimate of US$1.73 billion and is an increase from both Q1 2022’s US$1.61 billion and Q2 2021’s US$1.45 billion. The firm also exceeded the quarterly […]
California Leases Its Last Nuclear Plant A New Five-Year Life
As the state face potential power shortages due to high demand from the grid, California lawmakers approved on Thursday a legislative measure to extend the lifeline of the 2,240-MW Diablo Canyon Nuclear Power Plant for another five years. Previously set to fully close in August 2025, the state’s two last atomic reactors will remain open […]
Ottawa’s ‘Luxury Tax’ Just Kicked In, But Why Only On Selected ‘Luxuries’?
Canadians faces new and higher dues as Ottawa’s tax plan levied on high-priced possessions took effect on Thursday. Effervescent of American democrats’ “tax the rich” call, the Select Luxury Items Tax Act applies to vehicles and personal aircrafts valued over $100,000 and personal boats or yachts valued over $250,000. The one-time sales tax is calculated […]
Trillion Energy Sees Natural Gas Price Climb To $30/mcf
Good news continues to come for Trillion Energy (CSE: TCF). The natural gas explorer and producer this morning revealed that the company has received a massive hike to the price of its natural gas being sold in Turkey. The company has seen the price of its natural gas sold in Turkey increase by a massive […]
Argentina: Gun Jams In Attempt To Assassinate Vice President
Argentina Vice President Cristina Fernández de Kirchner is unharmed after a gunman tried to shoot her down, almost point blank, on Thursday. The incident ocurred outside of Fernández de Kirchner’s home. She was returning from court, where she faces corruption allegations, and she denies all charges. The gunman slipped through a mob of the vice […]
NG Energy Releases Reserves Report For Magico-1X, Reveals Plans To Drill Two Wells In Two Months
The results are in for NG Energy (TSX: GASX) for their Magico-1x well. The firm this morning updated the reserves and resources report for the well following the firm confirming “significant gas” encountered at the well, and reporting that the well tested at 15 mmscf/d across three zones. In terms of reserves, the well is […]
Uranium Royalty Corp Looks To Raise Funds Via US$40 Million ATM Financing
When it comes to funding its operations, Uranium Royalty Corp (TSXV: URC) is evidently looking to keep its options open. The firm last night announced that it would be renewing its at-the-market financing, which was first announced last year. The financing will see the company sell up to US$40 million of common shares at prevailing […]
False Advertising Ban: Tesla Might Need To Tone Down “Full Self-Driving” Claims In California
A California bill targeting Tesla’s (NASDAQ: TSLA) Full Self-Driving program was passed by the Senate on Tuesday night. The bill, sponsored by Senate Transportation Committee Chair Lena Gonzalez (D-Long Beach), addresses the issue of the electric vehicle maker marketing the vehicle as “full self-driving,” implying in plain English that the car can be completely autonomous, […]