Striking LA Hotel Workers Want Help With Affordable Housing Shortage
Thousands of hotel workers in Los Angeles have entered their fifth week of strikes, demanding higher wages, improved healthcare benefits, and some effort into solving the city’s affordable housing shortage. The strike, organized by Unite Here Local 11, represents over 15,000 cooks, housekeepers, dishwashers, and other hospitality employees across Southern California. Union leaders argue that […]
Canaccord Cuts 7% of Canadian Workforce
Canaccord Genuity (TSX: CF) has announced a significant workforce reduction in Canada, cutting approximately 75 jobs, mainly from its capital markets division. This move comes as the financial sector faces a prolonged period of low dealmaking activity. These job terminations represent about 7% of Canaccord’s Canadian workforce, which totals around 1,200 employees. The company had […]
BRICS New Applicants: Venezuela, World’s Largest Oil Reserve, & Bolivia, World’s Largest Lithium Reserve
Vice President Delcy Rodríguez of Venezuela announced on Thursday that President Nicolás Maduro has formally applied for Venezuela’s membership in the BRICS group. This move comes as the nation aims to leverage its significant oil reserves and establish new avenues for international cooperation. Rodríguez underscored the importance of Venezuela’s energy resources, expressing the country’s intention […]
Canadian Truckers Fight For $9 Million Unpaid Wages, Urge Gov’t Action
Truckers across Canada are locked in a battle to secure their rightful wages, which total an estimated $9 million. Numerous employers have allegedly withheld these earnings, prompting truckers to rally and call for stronger government intervention against companies exploiting a controversial scheme known as Driver Inc. Justice for Truck Drivers, a collective comprising 42 individuals, […]
Tesla Chief Financial Officer Zachary Kirkhorn Resigns
Tesla (NASDAQ: TSLA) has seen chief financial officer Zachary Kirkhorn resign from his role with the company. The resignation comes after a 13-year tenure at the US electric automaker, the last four of which were in the role of chief financial officer, as well as “Master of Coin.” A reason for Kirkhorn’s resignation, which is […]
Tension In Niger: Military Closes Airspace As ECOWAS Deadline Expires
Niger’s coup leaders have escalated the country’s political crisis by ordering the closure of its airspace, following their rejection of a West African ultimatum to reinstate ousted President Mohamed Bazoum or face potential military intervention. Late on Sunday, amid a backdrop of tens of thousands of coup supporters gathering at a Niamey stadium to rally […]
Yellow Bankrupt Road: How The 99-Year-Old Trucking Company Ended Up Filing For Bankruptcy
After nearly a century in operation, the storied trucking enterprise, Yellow Corp. (NASDAQ: YELL) has made the painful decision to file for bankruptcy and shut down its operations. The venerable Nashville, Tennessee-based company, which boasts a 99-year legacy, has fallen victim to an overwhelming accumulation of debt, exacerbated by a government loan and a prolonged […]
Silvercorp Bids To Take Over Australian Gold Producer OreCorp
Canadian mining firm Silvercorp Metals Inc. (TSX: SVM) has entered into a binding scheme implementation agreement to acquire the ordinary shares of OreCorp, an Australian gold developer. With a projected market capitalization of A$960 million, the combined precious metals enterprise is poised to tap into the potential of a promising emerging mining region. As per […]
Lithium Americas: Court of Appeals Brushes Aside Environmentalists On Thacker Pass
On July 17, the three-member U.S. Ninth Circuit Court of Appeals voted unanimously to uphold a lower court’s ruling that the U.S. Bureau of Land Management (BLM) had fully reviewed the potential environmental impact of Lithium Americas Corp.’s (TSX: LAC) giant Thacker Pass lithium mining project in northern Nevada and that construction can proceed. The Court of Appeals […]
Robinhood: Active Users Continue To Fall Despite Positive Earnings
After the market closed on August 2, Robinhood Markets, Inc. (NASDAQ: HOOD) reported its first ever quarterly profit (positive US$0.03 per share) when it announced 2Q 2023 results. In addition, the company’s 2Q 2023 revenue reached US$486 million, besting analysts’ expectations of US$474 million, though shy of its all-time high (in any quarter) of US$565 million in 2Q […]