LNG Cargo Ships Await Higher EU Energy Prices Before Unloading in Bid to Increase Profits
Multiple tankers loaded with liquefied natural gas (LNG) are currently circling the Spanish coast, awaiting higher EU energy prices to unload their shipments. Ships carrying LNG have been accumulating off the coast of Spain over the past several weeks, as suppliers eye a lucrative trading strategy whereby they wait for gas prices in Europe to […]
No Severance For Sacked Twitter Executives As Elon Musk Reportedly Fired Them “For Cause”
Elon Musk’s first day at the Twitter helm involved firing top executives, including CEO Parag Agrawal, CFO Ned Segal, and Vijaya Gadde, head of legal policy, trust, and safety. But, it seems the new “chief Twit” would get himself out of paying their severance packages as they were reportedly terminated “for cause.” If the top […]
Lithium Americas Again Boosts Projected Capital Costs at Flagship Lithium Project
Lithium Americas Corp. (TSX: LAC) on Thursday released what must be considered a disappointing earnings report. The company does not yet generate revenue from its prospective lithium mining operations, so the explicit financial results are not as important as the increased capital spending budget announced for, plus what appears to be at least a slight production delay […]
Binance Invested US$500 Million In Elon Musk’s Twitter Takeover Deal: “We Fully Support Him In Whatever He Does”
Binance has disclosed it has chipped in US$500 million for Elon Musk’s acquisition of Twitter, as bared by its controversial CEO Changpeng Zhao. In an interview with CNBC’s Squawkbox, Zhao relayed his firm’s reasons for supporting the deal. “Twitter is a free speech platform–which is global, which is extremely important. We want to support strong entrepreneurs–Elon […]
Blue Check For US$20, Longer Character Count: Things We Can Expect From Elon Musk’s Twitter
It’s no secret that Elon Musk is the new owner of Twitter (NYSE: TWTR) and he started big by firing the social media platform’s top executives, including CEO Parag Agrawal and CFO Ned Segal–nevermind that he has to potentially pay severance checks of up to US$204 million. But like with anything that Musk touches: if […]
Jack Dorsey To Begin Beta Testing New ‘Federated’ Social Network
Twitter Inc. founder and former CEO Jack Dorsey’s company Bluesky will soon be launching the AT Protocol, “a new foundation for social networking which gives creators independence from platforms, developers the freedom to build, and users a choice in their experience.” In an October 18 announcement, Bluesky described the Authenticated Transfer Protocol, or simply AT […]
Core Assets: Ultra High Grade Drill Results – With Nick Rodway
Joining SmallCapSteve today for the first time is Nick Rodway, CEO, President & Director of Core Assets Corp (CSE: CC). Nick sits down with Steve this afternoon to provide a high level overview of Core, and dig into the background of the Silver Lime Project at the firms flagship Blue Property, which is believed to […]
OSC Introduces New Temporary Prospectus Exemption For Self-Certified Investors
The Ontario Securities Commission (OSC) is seeking to kickstart activity in the province’s capital markets as it struggles through an extended downturn with a new self-certified investor prospectus exemption. Under Ontario Instrument 45-107, the exemption will allow issuers with head offices in Ontario to conduct sales of securities without a prospectus to “self-certified investors” or […]
The Grain War: 7 Million Expected To Go Hungry As Russia Nixes Grain Deal With Ukraine
Russia is withdrawing from the internationally-mediated agreement that permits Ukraine to export grain from its Black Sea ports, citing an accusation that Kiev launched a “massive” drone strike on the country’s Black Sea Fleet in Crimea’s Sevastopol. Ukraine’s infrastructure ministry reported that 218 ships were immediately affected. Around 95 had already departed its ports and […]
Tesla Discussed Taking Equity Stake in Swiss Mining Company Glencore
Tesla (NASDAQ: TSLA) allegedly held talks with Glencore about a potential equity stake in the Swiss mining company in an effort to secure precious metals vital to its production of electric vehicles. According to the Financial Times which cited individuals familiar with the matter, Tesla and Glencore talked about the EV maker potentially taking a […]