Strathcona Resources to Acquire Pipestone Energy Corp in Bid to go Public
Calgary-based Strathcona Resources Ltd. is set to become the fifth largest oil producer in Canada with the planned acquisition of publicly traded oil and gas exploration company Pipestone Energy Corp (TSX: PIPE). In an all-share deal, the companies will combine to value at $8.6 billion, which Strathcoma claims will position it to have a larger, […]
Semiconductor Industry Faces Uncertainty as China Tightens Gallium and Germanium Exports
China’s export controls on select gallium and germanium products— both vital components in the semiconductor industry— came into effect on Tuesday, signaling potential upheaval in international supply chains. China, the world’s largest provider of these two metals, imposed the restrictions in early July, citing national security reasons and specifically highlighting the dual-use nature of these […]
Coinbase: The SEC Delisting Recommendation Would’ve Led to ‘the End of the Crypto Industry in the US’
In a move signaling its intent to assert greater regulatory authority over the cryptocurrency market, the US Securities and Exchange Commission (SEC) asked Coinbase Global (NASDAQ: COIN), the Nasdaq-listed cryptocurrency exchange, to suspend trading in all cryptocurrencies except bitcoin prior to initiating legal action against the company. The SEC’s case centers on Coinbase’s failure to […]
Spencer Schiff, Former Bitcoin Bull, Now Believes AI Is the Answer
Spencer Schiff, known for advocating Bitcoin as the top cryptocurrency, has taken an unexpected turn, becoming bearish on the top cryptocurrency. The son of prominent economist Peter Schiff has shifted his focus to artificial intelligence (AI) innovations, predicting a significant impact on the world — and maybe going a little too all in. In a […]
Meta Officially Halts News Sharing in Canada in Response to Online News Act
Meta, the parent company of Facebook and Instagram, has decided to discontinue the sharing of news content on its platforms in Canada starting Tuesday. This move is a response to the Canadian government’s new Online News Act, or C-18, which would obligate tech giants like Meta and Google to negotiate payment arrangements with Canadian news […]
Taco Bell Gets Slapped with A Class Action Suit Over False Advertising
A New York man has filed a class action suit against Taco Bell in Brooklyn Federal court over claims that the fast-food chain deceived customers with its advertising practices. Frank Siragusa is alleging that the Mexican Pizza, Veggie Mexican Pizza, Crunchwrap Supreme, Grande Crunchwrap, and Vegan Crunchwrap, purchased at a Taco Bell outlet in New […]
Trudeau: “Housing Isn’t A Primary Federal Responsibility”
Canadian Prime Minister Justin Trudeau addressed the issue of soaring housing costs, acknowledging some of the factors contributing to the problem while defending his government’s efforts. During a visit to Hamilton, Ontario, Trudeau highlighted the federal investment in a housing project and stressed the government’s commitment to making housing more affordable for lower and middle-income […]
Yellow Rallies Nearly 150% Ahead Of Bankruptcy Filing
Trucking company Yellow Corp. (NASDAQ: YELL) is facing a major crisis, as the Teamsters Union and several media reports indicate that it has shut down operations and is heading for bankruptcy. Yellow had been grappling with financial difficulties for years, and reports of its impending bankruptcy surfaced last week when it experienced a significant exodus […]
Crypto Crackdown Continues: SEC Charges HEX Founder Richard Heart For Over $1 Billion Unregistered Securities
The U.S. Securities and Exchange Commission (SEC) has taken legal action against Richard Heart, also known as Richard Schueler, and three entities under his control – HEX, PulseChain, and PulseX – for allegedly conducting unregistered offerings of crypto asset securities that amassed over $1 billion in crypto assets from investors. In addition to the unregistered […]
Is Sam Bankman-Fried Also BALD?
The sudden rug-pulling of the heavily hyped meme coin “BALD” has caught the attention of the crypto community, with speculation arising about the possible involvement of Sam Bankman-Fried, the founder of failed crypto exchange FTX and sister trading firm Alameda Research. Blockchain analysts on Twitter, later validated by CoinDesk, revealed intriguing on-chain data indicating interactions […]