Trillion Energy Places Fifth Gas Well Into Production At SASB
The fifth well under Trillion Energy’s (CSE: TCF) multi-well development program at the SASB gas field has seen its flow test completed, subsequent to which it was placed into production.
Canada Nickel Releases Final Drill Results For Texmont, Hitting 1.06% Nickel Over 12 Metres
The final results from a winter drill program conducted by Canada Nickel (TSXV: CNC) were released this morning. The results come from a 39-hole drill program conducted at its Texmont Project. Highlights from the results include: TXT23-24: 0.71% nickel, 0.08 g/t palladium and platinum over 21.0 metres TXT23-30: 0.83% nickel, 0.13 g/t palladium and platinum […]
Vortex Metals Concludes Field Work For Environmental Baseline Study
Vortex Metals (TSXV: VMS) has completed the field work necessary to complete an environmental baseline study at its Zaachila Copper project in Oaxaca, Mexico.
Cronos Group Exits Its US Operations After Spending $300 Million To Acquire Them During Height Of Cannabis Bubble
Cronos Group (NASDAQ: CRON) announced on Wednesday that it will be closing down its existing US hemp-derived CBD-focused operations by the end of Q2 2023. The company stated that it made this decision to increase its cash flow in the short term and to position itself to enter the US THC market directly when the necessary […]
Advance Auto Parts Crushed After Weak Earnings, Has Something Changed in the Auto Parts Business?
Before the market opened on May 31, Advance Auto Parts, Inc. (NYSE: AAP) reported disappointing results for the sixteen weeks ended April 22, 2023, provided equally disappointing guidance for the full-year 2023, and slashed its quarterly dividend to US$0.25 per share from US$1.50. Not surprisingly, the stock of the aftermarket auto parts provider was savaged, declining 35% to […]
Move Over Trump, Biden: JPMorgan’s Jamie Dimon is Mulling a Presidential Run
Jamie Dimon, long-standing CEO of JPMorgan Chase & Co., has ignited conversations surrounding his potential entry into politics, saying that serving his country is an idea he has entertained. “I love my country and maybe one day I’ll serve my country in one capacity or another,” Dimon told Bloomberg during the Global China Summit in […]
News Corp vs. the Transition To Influencer Advertising
On our last episode, we floated the idea that the “Bud Light Backlash,” and related modern anti-queer-revival consumer actions against Target and Ford aren’t genuine, grass-roots consumer boycotts, but rather astroturfed media creations. The New York Post, the flagship US paper of News Corp. (NASDAQ: NWS, NASDAQ: NWSA), is averaging around three posts per day […]
Profit Padding: Unveiling the Hidden Driver of Persistent Inflation
The global inflation that surged two years ago has proven more persistent than central banks had predicted. While this has been attributed to several causes including the Covid-19 pandemic-induced supply chain disruptions, and energy, food, and raw-material shortages due to Russia’s invasion of Ukraine, a recent trend of businesses increasing their profit margins has been […]
Elon Musk Boosts Potentially Harmful AOC Parody Account
Twitter CEO Elon Musk helped boost an account parodying Representative Alexandria Ocasio-Cortez on Tuesday. The account, as of this writing, has already amassed over 200,000 followers, and it’s spreading potentially dangerous policy-related misinformation. Ocasio-Cortez has also called attention to the account, pointing out Musk’s contribution in helping it spread. The parody account is verified through […]
Twitter’s Now Worth Just A Third of What Elon Musk Paid for It
A Fidelity fund recently marked down the value of its equity stake in Twitter, signaling yet another significant decline in the company’s worth since it was acquired by Tesla and SpaceX CEO Elon Musk in October last year. Fidelity Blue Chip Growth Fund’s stake in Twitter, now under Musk’s X Holdings Corp, was valued at […]