Grade 8 Student Calls for Ban on Housing Minister’s Personal Investments in Housing Market
A petition has been launched calling for a ban on the Canadian housing minister’s personal investments in the housing market. The petition, which has so far gathered over 2,000 signatures, argues that the minister’s personal financial interests create a conflict of interest and undermine his ability to effectively regulate the housing market. The call was […]
Is Platinum Moving Towards A Record Deficit?
The platinum market is expected to run a nearly one million ounce deficit in 2023, owing to increased demand from the investment sector and limited supply from South Africa. The World Platinum Investment Council (WPIC) now forecasts a deficit of 983,000 ounces this year, following a surplus of 854,000 ounces in 2022. After investors rushed […]
Food Bank Dependency Hits New Highs in the UK, Canada
The Trussell Trust, a UK-based charity that runs a network of food banks, has released a new report showing that food bank use in the UK reached a record high in the financial year 2022-2023. The report found that food banks in the network distributed 2,986,203 emergency food parcels in 2022-2023, an increase of 50% […]
BuzzFeed: From Viral Content To A Financial Struggle
This is a story about how a kid started out sharing his angry emails with Nike, which eventually led to him inventing a popular social media quiz app, which then led to him to building that app into a company with nearly a one billion dollar valuation that today has lost 93% of it’s worth. […]
New Lawsuit Alleges Trump and Giuliani Were Selling Pardons for $2 Million Each
Former Trump attorney Rudolph Giuliani and then-president Donald Trump were allegedly involved in a scheme to sell presidential pardons for $2 million each, according to a complaint filed by Noelle Dunphy, a former aide to Giuliani. The lawsuit, which accuses Giuliani of various misconduct including sexual assault, harassment, and wage theft, claims that he told […]
Why Did Coinbase CEO Brian Armstrong’s Security Budget Triple In 2022?
Amid the legal battle the crypto firm is currently facing, a Securities and Exchange Commission disclosure revealed that Coinbase Global (NASDAQ: COIN) had an astronomical jump in security budget for its CEO Brian Armstrong. Last year, the executive received $6.3 million in security perks, more than tripling the amount his security cost Coinbase the previous year. […]
Mullen Automotive Cuts Down Losses As It Barrels Towards Production Target
Mullen Automotive (NASDAQ: MULN) reported its fiscal Q2 2023 financials last night, ending the quarter with $106.9 million in net losses. This is a cut from fiscal Q2 2022’s net loss of $357.3 million. The automaker actually doubled its operating expenses to $67.9 million from last year’s $30.5 million. But absent of the derivative liabilities first […]
Lithium Americas Approves Deal To Split, Bolstering China’s Lobbying Power
Lithium Americas (TSX: LAC) announced on Monday that the company’s board has unanimously approved the deal to split its North American and Argentine business units into two independent public companies. Lithium Argentina will hold Lithium Americas’ present investment in its Argentina lithium assets, including a 44.8% stake in Cauchar-Olaroz, a 100% stake in Pastos Grandes, and […]
Elon Musk Subpoenaed in Jeffrey Epstein Sex Trafficking Case
The US Virgin Islands has subpoenaed Tesla CEO Elon Musk for documents related to his relationship with Jeffrey Epstein, the late convicted sex offender. The subpoena, which was issued on April 28, seeks any documents that Musk has about Epstein’s involvement in human trafficking and his procurement of girls or women for commercial sex. The […]
Emerge Canada Said To Be Near Finalizing Wind-up Or Sale Of Emerge ETF’s
Emerge Canada, an ETF provider that is known for producing Canadian-listed versions of Cathie Wood’s Ark exchange-traded funds, last night provided slightly more details on a decision imposed by the Ontario Securities Commission on the company last week. As part of the enforcement action announced by the Director of the Compliance & Registrant Branch, the […]