Liberals Lifts All Covid-19 Border Restrictions as Popularity for Pierre Poilievre Grows
With Canadians’ growing distaste for Liberal policies and the subsequent popularity for newly-elected Conservative leader Pierre Poilievre, Prime Minister Justin Trudeau is left scrambling to come up with new strategies to hold onto power, even if it means reversing his tough stance on Covid-19 mandates. The federal government on Monday announced all pandemic-related border restrictions […]
Russian Men Reportedly Now Forbidden To Leave Russia
Russian President Vladimir Putin’s partial military mobilization can’t seem to mobilize the human resources it needs. The Russian government has started banning men of mobilization age from leaving the country in its latest attempt to conscript draftees for the strongman’s latest military move. For eligible men to leave the country, the military commissar of the […]
Italy Shifts Far-Right, Elects First Female Prime Minister
With around three-quarters of the votes being counted, Giorgia Miloni of the ultraconservative Brothers of Italy party is set to be the next Italian prime minister–the country’s first female head of government. But she is also set to take another a record: what media pundits call the “most far-right prime minister since fascist Benito Mussolini.” […]
Voyager Digital Sees CFO Quit Amid Restructuring Process
With Voyager Digital currently in the process of Chapter 11 filings, it now appears to have begun the process of seeing a management exodus. The company this morning revealed that its chief financial officer has left the company. CFO Ashwin Prithipaul has left reportedly to pursue other opportunities. He had joined the company originally in […]
AMC Entertainment Looks To Issue 425 Million APE Shares Under At-The-Market Offering
Dilution is coming to AMC Entertainment (NYSE: AMC, APE) shareholders. The firm this morning filed a prospectus supplement with the Securities and Exchange Commission for the sale of up to 425.0 million preferred equity units, which currently trade under the symbol “APE”. The sale of the preferred units is set to occur via an at […]
GCM Mining, Aris Gold Close All-Stock Transaction
The previously announced merger between GCM Mining (TSX: GCM) and Aris Gold (TSX: ARIS) has been completed. The resulting entity renamed to Aris Mining, and is now to be helmed by Neil Woodyer, with Ian Telfer operating in the role of Chair of the Board. With the transaction now complete, the firm has two mining […]
FTX Investors Seem To Imply That Nothing Much Has Happened In Crypto Since The Start Of 2022
The private crypto trading firm FTX, which was founded and is led by 30-year old wunderkind Sam Bankman-Fried, is reportedly in talks with investors to raise US$1 billion in new capital. This funding round, which would value the company at around US$32 billion, suggests that FTX is worth about the same as it was in January […]
SEC Likely To Not Ban Payment For Order Flow Practice
On September 22, several media outlets reported that the U.S. Securities and Exchange Commission (SEC) would not ban the popular online brokerage firm practice of payment for order flow (PFOF), although it could institute changes that would make it less profitable for the brokers. Robinhood Markets, Inc. (NASDAQ: HOOD) relies on this trade routing methodology; the practice […]
Li-Cycle: BMO Cuts Target After Negative Revenues Recorded In Q3
Li-Cycle (NYSE: LICY) recently reported its third-quarter financial results. The company reported revenues of -$2 million; this was due to an “unfavorable non-cash fair market value (FMV) pricing adjustment of $(7.3) million relating to prior-period black mass sales.” This made the company’s product sale segment come in at -$2.34 million, and recycling service revenues came […]
Has Kinetik Holdings Over Corrected?
The 10% decline in the S&P 500 Index over just the past 1 ½ weeks after the disappointing U.S. CPI print for August has spared few stocks. Growth, technology, defensive, and commodity stocks have all corrected quite noticeably as the yield on the U.S. two-year Treasury note has increased by about 40 basis points to a […]