Excellon Resources Receives Notice of Termination For La Negra Mine Purchase
Excellon Resources (TSX: EXN) appears to be falling apart at the seams, with the company revealing late last night that the previously announced arrangement to acquire the past-producing La Negra Mine in Mexico had fallen apart. The deal to purchase the mine was reportedly terminated by the seller, an entity owned by an Orion Resource […]
Power Nickel To Spin-Out Non-Core Assets
Power Nickel (TSXV: PNPN) is focusing its efforts solely on its Nisk high grade nickel-PGM project in Quebec, revealing last night that it had completed a review of its assets.
CoinDesk Soon to Change Hands in $125M Deal
A group of investors led by Matthew Roszak from Tally Capital and Peter Vessenes from Capital6 is said to be nearing completion of an acquisition deal for crypto media firm CoinDesk, people familiar with the matter told the Wall Street Journal. Tally Capital is a private investment firm specializing in crypto and Web3 technologies, while […]
US Intensifies Sanctions to Curb Russia’s Military and Economic Strength
Washington has imposed sanctions on approximately 120 entities and individuals across Russia, the United Arab Emirates, and Kyrgyzstan on Thursday, intensifying measures to restrict Moscow’s access to goods, financial capital, and funding pathways that aid its ongoing military operation in Ukraine. The latest sanctions, led by the Treasury and State departments, are targeted at numerous […]
Late to the Party? Regulator Cancels FTX Australia’s License
Australia’s securities regulator, the Australian Securities & Investments Commission (ASIC), announced that it has officially revoked the license of FTX, the local branch of the failed cryptocurrency exchange, FTX. The license cancellation, which became effective on July 14, comes after FTX encountered significant financial challenges, ultimately leading to its bankruptcy protection filing in the United […]
Tesla’s Profit Margins Slip Amidst Price Cuts, Impacting Earnings
Tesla (Nasdaq: TSLA) reported Q2 revenue of $24.9 billion, exceeding analysts’ estimates of $24.51 billion. Adjusted EPS came in at $0.91, higher than the anticipated $0.81. This marks a slight gain from Q1 and an impressive increase of over 45% compared to the same period last year. Tesla’s reported adjusted net income of $3.1 billion, […]
Twitter Users Complain of Unfair Payout Practices
Last week, Twitter announced that it would begin sharing ad revenue with a number of prominent Twitter Blue subscribers. This program offers a select number of high-engagement Twitter users, who have paid for verification, a share in ad revenue based on the interactions their posts receive, particularly in the replies. Among the beneficiaries were notable […]
Will the Mining Industry Be Affected By The Rise In Metal Agreements?
Joined by David Morgan of The Morgan Report, The Deep Dive looks into the recent social media fiasco involving CEO Mark Zuckerberg and Elon Musk. Moreover, David discusses the possible causes for the halt of the US inflation rate spike, the arrest of Celsius CEO Alex Mashinsky, the recent ruling of XRP as a security, […]
Netflix Wants To Show You More Ads
Netflix (NASDAQ: NFLX) has made the strategic move of discontinuing its basic ad-free plan in the U.S. and the UK, aiming to attract more subscribers to its ad-supported tier. The $9.99-a-month basic plan, which allowed users to watch shows and movies without commercials, will no longer be available for new or rejoining members, though existing […]
Jagmeet Singh, Who Owns A Mortgage, Wants The Government To Cover People’s Mortgages
Addressing the pressing issue of Canada’s skyrocketing mortgages and interest rates, Jagmeet Singh, the leader of the New Democratic Party (NDP), criticized the federal government for its lackluster response to the inflationary crisis. During his speech in Windsor this week, Singh expressed his concern that the government’s measures thus far have fallen short of resolving […]