Elizabeth Holmes Begins Serving 11-Year Sentence At Texas Prison
After multiple attempts to delay what was apparently inevitable, disgraced Theranos founder Elizabeth Holmes on Tuesday reported to the federal prison camp in Bryan, Texas to begin her sentence. Holmes was found guilty of defrauding investors, to whom she made promises of a groundbreaking blood-testing technology that failed to materialize. In November, she was sentenced […]
Canadian Population To Hit 100 Million, Thanks To Immigrants
According to the Century Initiative chief executive Lisa Lalande, Canada “has reached the point of no return” when it comes to embracing more immigrants, as their modeling shows Canada is on course to more than quadruple its population to at least 100 million by the turn of the century. However, Lalande cautioned that the current […]
SEC Slaps $3 Million Penalty on Former Wells Fargo Executive for Alleged Misleading Statements
The Securities and Exchange Commission (SEC) announced its settlement with Carrie L. Tolstedt, the former head of Wells Fargo & Co.’s (NYSE: WFC) Community Bank, regarding charges brought against her in 2020. Tolstedt has agreed to pay a penalty of $3 million following allegations of misleading investors about the success of Wells Fargo’s Community Bank, […]
National Bank Continues Lower Profit, Higher Dividend Trend
National Bank of Canada (TSX: NA) continues the trend started by the Canadian big banks in the Q2 2023 earnings season. The bank reported $847 million in net income, down from last year’s $889 million. The bottomline figure translates to $2.38 earnings per share, down from $2.53 per share in the comparable period last year […]
Eguana Sees Q1 2023 Revenue Climb On Expansion Strategy
Eguana Technologies (TSXV: EGT) reported its Q1 2023 financials, topbilled by a quarterly revenue of $5.9 million. While its a drop from the record-breaking quarter of Q4 2022 which posted $10.3 million in revenue, the first quarter’s topline figure is a surge of nearly 2,000% from revenue of approximately $285,000 in the year-ago period.
New Found Gold Expands Strike Of Iceberg Zone To 550 Metres
New Found Gold (TSXV: NFG) continues to prove-out a discovery it identified earlier this year known as the Iceberg zone. The zone is found 300 metres to the northeast of the Keats Main zone at the firms Queensway project in Newfoundland. Recent exploration at the zone consists of a 13 hole drill program, the results […]
Trillion Energy Posts Q1 Revenues Of US$6.1 Million
Trillion Energy (CSE: TCF) has reported its first quarter 2023 financial results, highlighted by topline revenues of US$6.1 million, a record figure verses the $5.8 million recognized in the fourth quarter of 2022.
Natural Gas: Debt Ceiling Legislation Includes Provision For Stalled Equitrans Midstream Pipeline
An adage in politics is that laws are like sausages; it is best not to see either being made. Sausage-making was evident in at least one aspect of the U.S. debt ceiling compromise reached over the weekend by President Biden and House Speaker Kevin McCarthy. The bill includes a provision that would approve all remaining […]
Germans Criticize Government’s Fast-Track Ban on Oil and Gas Boilers
Germany’s ambitious plan to achieve net-zero emissions by 2045 is facing some backlash as citizens criticize the government’s proposal to ban oil and gas boilers in favor of heat pumps. Concerns over the swift implementation and the financial burden associated with the transition have sparked outrage among the population. According to the recently announced government […]
Israeli Hospital Achieves 90% Success Rate in Multiple Myeloma Cancer Treatment
In a groundbreaking development, Hadassah-University Medical Center in Jerusalem’s Ein Kerem has announced an “unprecedented achievement” in the treatment of multiple myeloma, the second-most common hematological disease, according to a report from the Jerusalem Post. Led by Professor Polina Stepensky, the treatment is based on genetic engineering technology known as Chimeric Antigen Receptor T-Cell Therapy […]