Fire & Flower Sees Opposition in Controversial Sale Amid Bankruptcy Battle
A syndicate consisting of influential stakeholders, including the second-largest shareholder of Fire & Flower (TSX: FAF), has expressed opposition to a proposed agreement between the cannabis retailer and its largest shareholder, an affiliate of the renowned convenience store operator Alimentation Couche-Tard Inc. (TSX: ATD.B). Matt Lamers at MJBizDaily has reported that Shawn Dym, a major […]
Is This How China Will ‘Solve’ Its Record Youth Unemployment?
China’s youth unemployment rate has reached an all-time high, doubling in the past four years and hitting a record 20.8% in May. The actual rate could be even higher than the official estimate, indicating a troubling trend for the Chinese economy. Goldman Sachs’ China strategist, Maggie Wei, explains that youth unemployment tends to be higher […]
California’s High-Speed Rail Project Grapples With Ever-Increasing Costs and An Ever-Extending Timeline
California’s ambitious high-speed rail project, aimed at connecting Los Angeles to San Francisco with a two-hour-and-forty-minute train ride, is facing significant delays and funding challenges. In the 15 years since the approval of a $9 billion bond authorization in 2008, not a single mile of track has been laid. The latest project update, which was […]
Aaron Greenspan’s FOIA Request Reveals A Grand Jury Probe Into Tesla
Tesla (Nasdaq: TSLA) critic and Plainsite founder Aaron Greenspan may have been denied a Freedom of Information Act (FOIA) request, but he gained something just as juicy. It was revealed on Twitter on Wednesday that a FOIA request from the Tesla critic was denied due to the requested documents’ involvement in a grand jury probe. […]
Why Are Toronto Homes Under Construction Catching Fire?
A significant fire incident plagued the City of Oakville, which is part of the Greater Toronto Area, raising concerns about the safety of homes under construction. On Wednesday morning, a blaze erupted in a burgeoning subdivision near Dundas Street East, just west of Highway 403, resulting in substantial damage to ten houses. The Oakville Fire […]
BREAKING: OceanGate Reports Titan Sub Crew Has Been Lost
Update: The US Coast Guard uncovered what appears to be the tail cone of the Titan on the sea floor about 1,600 feet from the Titanic’s bow, implying that the submarine’s remnants correspond to pressure chamber failure. According to a statement from OceanGate, all five passengers that were on the Titan submersible bound for the […]
Bitcoin Hit $138,000 . . . But Only On Binance.US
Bitcoin (BTC) yesterday saw a sudden surge to $138,000 on Binance.US — almost 400% higher than spot prices in other exchanges — during early trading on June 21. The surge, called a “flash pump,” only lasted a few seconds before the price returned to its normal level. The event was limited to Binance.US’s BTC/USDT trading […]
Confirmed: DCG Missed $630-Million Debt Payment, According To Court Filing
Digital Currency Group (DCG) missed a $630 million payment that was due May 9, 10, and 11 to its subsidiary, bankrupt Genesis Capital, according to a court filing. In a disclosure statement within the bankruptcy hearing for Genesis, it was disclosed that the firm delivered a “notice of default for non-payment of approximately $627 million […]
FTC Sues Amazon for Deceptive Prime Practices, Cancellation is so Hard it’s Called “Iliad”
The Federal Trade Commission (FTC) has taken bold action against Amazon (NASDAQ: AMZN), filing a lawsuit accusing the e-commerce giant of engaging in illegal tactics to entice consumers into signing up for its Prime service while making it difficult for them to cancel their subscriptions. The FTC’s chair, Lina Khan, spearheaded this aggressive move, marking […]
Trillion Energy Recompletes West Akcakoca-1 To Increase Production To 5.3 MMcf/d
Trillion Energy (CSE: TCF) is beginning to focus on maximizing gas production from its new wells under the multi-well development program. The company this morning recompleted a well in an effort to enhance production.