Filo Mining Intersects 0.58% Copper Over 1,356 Metres
Filo Mining (TSX: FIL) continues to see positive results from its drill program being conducted at the Filo del Sol Project in Argentina. The firm this morning released the assay results of two further drill holes. Highlights from the results include: FSDH062: 0.40% copper, 0.29 g/t gold, 4.5 g/t silver over 1,313.2 metres, including 0.51% […]
Short Canadian Banks A Top Trade Idea In 2023 – BofA Securities’ Michael Hartnett
BofA Securities investment strategist Michael Hartnett released his top trade ideas for 2023, which includes shorting select banks like Canadian banks. Hartnett placed as his tenth top idea shorting Canadian banks, as well as similar institutions in Australia, New Zealand, and Sweden. At the same time, he suggests placing long positions on European Union banks. In […]
Biggest U.S. Freight Railroad Union Votes to Reject Labor Pact
The chances of a U.S. freight rail strike increased at least somewhat on Monday when the transportation division of the Sheet Metal, Air, Rail, Transportation union (SMART-TD), the country’s largest rail union which represents about 28,000 conductors, announced that its members rejected, by a narrow margin, a tentative labor deal with the nation’s freight railroads. […]
Taiwan Charges Military Officer For Pledging Allegiance To China, Receiving Payments To Gather Intel
An infantry officer in Taiwan was on Tuesday indicted on charges of pledging allegiance to China, and for receiving payments to spy on the military for China. The prosecution said that they did not have enough evidence to charge him with espionage. According to a report from the Central News Agency on Tuesday, Hsiang Te-en, […]
Fed Minutes Suggest Policy Makers Can’t Decide Between Slowing Hikes or Keeping Rates High
The freshly-released minutes from this month’s FOMC meeting suggest most members believe its may soon be appropriate to reduce the pace of rate hikes, while some officials stressed a more restrictive terminal rate should remain in place until inflation shows stronger signs of abating. Prior to the minutes’ release, markets were pricing in a 100% […]
By The Numbers: Bitcoin Miners Are Burning Cash On Each Coin Mined
The trouble with bitcoin, is that it doesn’t make economical sense to mine it. With the falling price of the flagship digital currency, tough times are falling on public bitcoin miners. The most recent round of financials demonstrates this, along with certain events in the space that have further highlighted the struggle facing such operators. […]
European Federations ‘Blackmailed’ Into Dropping The OneLove Armband
It seems that the OneLove armband will not be making an appearance at the World Cup — at least not in the matches. The teams who had planned to wear the armbands to protest against discrimination in the host country of Qatar report that they faced “extreme blackmail,” according to the German Football Association (DFB) […]
‘Gamification’ Drives Trading Activity, Makes Investors Choose Bad Decisions
A study from the Ontario Securities Commission’s (OSC) Investor Office found that small rewards, even those with no real value, tend to have a significant impact on retail investors — making them more engaged and eager to trade, regardless if it increases the risk of losses. “It is easier now to start investing thanks to […]
Germany to Impose 33% Windfall Tax on Oil, Coal, and Gas Companies
The German government unveiled yet another windfall tax this week, this time targeting profits generated by oil, coal, and gas companies. According to government sources cited by Reuters, Germany is planning to impose a second windfall tax on the country’s energy providers, which would generate revenue anywhere between €1 billion and €3 billion. The new […]
Desperate Uniper Seeks Additional $25.8 Billion in Government Funding to Avert Complete Collapse
The soon-to-be government-owned Uniper SE is seeking even more funding, after realizing that the already-sizeable package of €8 billion won’t be anywhere near sufficient to keep the utility provider from going bust. In a statement released on Wednesday, Uniper said it will need an additional injection of €25 billionn ($25.8 billion) from the German government, […]