More Blackouts Coming To The US This Summer
Summer in most of the US and parts of Canada will come with increased blackout risks as extreme heat is expected to put pressure on the already strained power network. A media notice issued by the North American Electric Reliability Corp (NERC) on Wednesday warns that the coming summer’s blackouts are expected to be more […]
Elon Musk Appoints Linda Yaccarino as Twitter CEO, Whilst Reportedly Mulling New CEO for Tesla
Outgoing Twitter CEO Elon Musk confirmed rumours he will be appointing NBCUniversal head of advertising Linda Yaccarino as the social media platform’s new female boss, while other rumours suggest the billionaire entrepreneur might also abdicate his executive role at Tesla. “I am excited to welcome Linda Yaccarino as the new CEO of Twitter,” Musk wrote […]
Trudeau Proceeds with ‘Grocery Rebate’ to Address Cost of Living Crisis
The Liberals’ promised ‘grocery rebate’ is coming to eligible Canadians in early July. The legislation that implements the one-time $2.5 billion affordability-focused payment was passed by the Senate on Wednesday. Bill C-46, also called the Cost of Living Relief Act, No. 3, would give 11 million low- and modest-income Canadians “hundreds of dollars in support […]
DOJ Says YouTuber Has Admitted To Crashing Plane For Views
A YouTuber pilot, Trevor Daniel Jacob, has pleaded guilty to a felony charge of obstruction of a federal investigation by deliberately destroying the wreckage of an airplane that he intentionally crashed to gain views on his YouTube channel. According to a news release from the US Attorney’s Office for the Central District of California, Jacob […]
HSBC Agrees to Pay $75 Million Fine Related to Deceptive Trading Practices and Record-Keeping Failures
Several of HSBC’s units agreed to settle charges brought by the Commodity Futures Trading Commission over engaging in manipulative and deceptive trading practices and failing to maintain adequate record-keeping controls. The CFTC on Friday announced HSBC Bank USA agreed to a $45 million civil fine after engaging in deceptive and manipulative trading related to record-keeping […]
Binance.US Wants To Cut Changpeng Zhao’s Stake To Make A Good Impression
Binance.US and Changpeng Zhao, the crypto exchange’s founder and primary owner, have been looking at methods to lower his stake in the company, according to the Information, citing two people familiar with the situation. According to the article, Zhao, who is also the CEO of Binance, the world’s largest crypto exchange, has been trying to […]
Tesla Recalls Almost Every Car It Has In China
Tesla Inc. (Nasdaq: TSLA) recalled nearly all of its vehicles in China owing to a braking and acceleration flaw that could increase crash and safety hazards. The manufacturer will apply an over-the-air software update to more than 1.1 million Shanghai-produced vehicles from January 2019 to April 2019, as well as select models imported into China, […]
Cathie Wood ETF (Canada’s Version) Got Shut Down By Regulator
The registration of Emerge Canada Inc., an investment business known for selling Toronto-listed versions of Cathie Wood’s popular exchange-traded funds, has been stopped by Ontario’s securities regulator. The Ontario Securities Commission ordered the firm to wind down or find another company to take over its operations after it failed to meet its working-capital requirements. Emerge […]
Teck Receives Approval From Peruvian Regulator For Copper Project
Teck Resources (NYSE: TECK) has received regulatory approval for one of its up and coming Peruvian copper assets, as it works to expand its copper business. The approval is for the firms Zafranal copper project, which the company refers to as a mid-sized copper-gold development project, which is found in the porphyry copper belt of […]
Why NBCUniversal’s Linda Yaccarino Makes Sense As New Twitter CEO (But Only For Elon Musk)
NBCUniversal’s head of advertising, Linda Yaccarino, is reportedly in talks to become the new CEO of Twitter, after Elon Musk tweeted that he’s hired a female executive to be the next chief of the social media platform in six weeks. Yaccarino, NBCU’s head of global advertising and partnerships, has been an industry advocate for improved […]