Who is the FTX Attorney That Bribed the Bahamian Gov’t?
A recent report from the FTX bankruptcy team has unveiled shocking revelations about the failed exchange, exposing its misappropriation and commingling of customer deposits. The analysis indicates that FTX.com owed an astounding $8.7 billion to its customers, with senior executives actively concealing the financial troubles as early as August 2022. According to the report filed […]
Lithium Ionic Reports Maiden Resource At Itinga Project In Brazil
Lithium Ionic (TSXV: LTH) has released its maiden mineral resource estimate for its Itinga Lithium Project, which is located in Minas Gerais, Brazil, in what is referred to as the lithium valley. The project has established a mineral resource estimate of 261,187 tonnes of measured and indicated contained lithium carbonate equivalent, and a further 421,521 […]
Lordstown Motors Plummets 60% After Bankruptcy Filing And Foxconn Lawsuit
Lordstown Motors Corp (Nasdaq: RIDE), the U.S. electric truck manufacturer, has filed for bankruptcy protection and initiated the process of selling the company after failing to resolve a dispute over a promised investment from Foxconn, Taiwan’s leading electronics company. This development has led to a significant drop of nearly 60% in Lordstown’s shares in pre-market […]
A Dilemma for the BoC: Mortgage Interest Costs Were the Primary Driver in May’s CPI Print
Latest data from Statistics Canada shows consumer prices rose 0.4% month-over-month to an annualized 3.4% in May, marking a substantial decline from April’s 4.4% reading and in line with economists’ forecasts. There is just one catch, though: last month’s decline was largely fed by lower gasoline prices, thanks to the base-year-effect— grocery prices are still […]
Vortex Metals Enters LOI For Drill-Ready Chilean Copper Project
Vortex Metals (TSXV: VMS) this morning revealed that the company has entered into a significant potential transaction. The firm has entered into a non-binding letter of intent to acquire up to an 80% interest in a Chile-based copper project.
Lucid Reaches Tech Supply Agreement With Aston Martin, But Does It Matter?
On June 26, Lucid Group, Inc. (NASDAQ: LCID) announced it had reached an agreement to supply powertrain technology to Aston Martin Lagonda Global Holdings plc (LSE: AML) for the high-end British automaker’s future lineup of electric vehicles (EVs). Aston Martin plans to begin selling its first EV in 2025. The accord is constructive for Lucid, but it should be considered […]
Canada’s Banking Regulator Raises Capital Requirements Amid Growing Financial Risks
In a move indicating apprehension about mounting risks within the financial system, Canada’s banking regulator— the Office of the Superintendent of Financial Institutions (OSFI), has raised capital requirements on the country’s major banks for the second time in roughly six months. This latest decision boosts the domestic stability buffer from the existing 3.0% to 3.5% […]
Cost of Trudeau Carbon Tax to Hit Nova Scotia the Hardest
Nova Scotians are bracing themselves for the most significant carbon tax increase in Canada, set to take effect on July 1, as reported by the Canadian Taxpayers Federation. The advocacy group highlights that this surge in taxes will be felt significantly by residents, with motorists already anticipating a $10 increase in taxes for filling up […]
Hollywood Strikes: Actors’ Contract To End This Week, Will A Deal Be Met?
As Netflix works to pay its top executives close to $80 million, writers and actors struggle to make the minimum required income to keep their health insurance. The Screen Actors Guild – American Federation of Television and Radio Artists (SAG-AFTRA), the labor union representing about 160,000 actors, broadcasters, and media personalities has been in talks […]
Dunning-Kruger Effect: Texas Governor Didn’t Realize He Was Celebrating A Made-Up Event From A Satirical Site
Texas Governor Greg Abbott on Sunday proudly praised Texas on Twitter for booing country music legend Garth Brooks off the stage of the 123rd Annual Texas Country Jamboree in the Texas city of Hambriston, sharing an article from the aptly-named Dunning-Kruger Times. According to the article, Brooks was only on stage for two minutes. “For […]