Voyager Digital To Sell Assets To FTX For $1.4 Billion
It appears that Voyager Digital has been sold to the highest bidder. The firm late last night revealed that it has completed an auction for the sale of its assets after a two week process, with the final price garnered potentially being high enough that creditors just might get some value back. Unsurprisingly, the highest […]
British Pound Continues to Plummet After BoE Fails to Raise Rates in Emergency Meeting
The British pound was sent into a free-fall over the weekend, plummeting to a record-low of 1.069 against the US dollar come Monday. The sharp drop came after UK finance minister Kwasi Kwarteng on Friday announced a series of tax cuts and the largest increase in borrowing in over 50 years, which the markets perceived […]
Russians Rush To Leave Country As Reports About Restricting Borders Loom
Thousands of Russian men and their families are lining up in hours-long queues at the airport in Moscow and land crossings into Kazakhstan and Georgia to leave the country as reports of imminent border closure, restricting the departure of conscription-age men, circulate. Doubts on whether the mobilization is actually ‘partial’ as President Vladimir Putin declared […]
Fiona Leaves Eastern Canada With Prolonged Outages, House Debris On Sea
A day after one of the biggest storms to hit Canada left, the most devastated provinces are calculating the destruction in the aftermath. The storm named Fiona wreaked havoc on Canada’s eastern seaboard Saturday with wind gusts reaching up to 170 km per hour, sweeping houses into the sea and snapping electric power lines, leaving […]
Russian Enlistment Offices Are Being Torched Amid Mobilization
Military enlistment offices across Russia are being set on fire days after Russian President Vladimir Putin announced a “partial mobilization” of the country’s military reservists for the war in Ukraine. On Sunday, Kyiv Independent reported that military registration and enlistment offices in the city of Kirovsk in Leningrad Oblast, Chernyakhovsk in Kaliningrad Oblast, and the […]
Far-Right Extremist Jeremy McKenzie Threatened to Rape Pierre Poilievre’s Wife
Newly-elected Conservative Party leader Pierre Poilievre is bringing attention to rape threats made about his wife by far-right extremist Jeremy McKenzie, referring the matter to the RCMP. Poilievre on Monday posted a written statement on his Twitter account about lewd comments made by McKenzie, the founder of far-right group Diagolon about sexually assaulting his wife, […]
Pound Gets Pounded Down To An All-Time Low; Futures Temporarily Halted
The UK sterling hit a new record low on Monday against the dollar, seemingly the market’s reaction to the government’s recently unveiled fiscal plan consisting of tax cuts and spending measures. The pound reached near parity to the dollar at US$1.03 when the Asian markets opened–an all-time low for the currency. It has since went […]
Starting ‘Em Young: Walmart Joins The Metaverse Through Roblox, Kids Can Buy ‘Verch’
Walmart (NYSE: WMT) is joining the metaverse with two immersive experiences on Roblox (NYSE: RBLX), the online gaming platform. America’s leading retailer is launching its stint as one of the gaming giant’s brand partners on Monday, according to a press release. The two spaces, called Walmart Land and Walmart’s Universe of Play will bring to […]
Canada Has Almost 1M Job Vacancies, Breaks New Record In Q2 — Statistics Canada
Job vacancies in Canada hit a record high in the second quarter of 2022, with 997,000 open positions, according to data from Statistics Canada. The number of job vacancies saw a 4.7% increase from the first quarter and a 42.3% jump from the second quarter of last year. Vacancies in health care and social assistance […]
China Wants To Contain Selling, Orders State Banks To Purchase Stocks Instead
China is reportedly directing its state banks to purchase stocks, hoping to prevent excessive selling. The move seems to aim at stabilizing the local market given the recent declining performance of the economy. Shanghai indices have been on the declining trend, poised to reach the year-to-date low induced by the suspension of trading for the […]