Canaccord Shares Crash As Investigation Casts Doubts Over Buyout Plans
Canaccord Genuity Group (TSE: CF) cautioned that an “ongoing regulatory matter” at one of its international companies may prevent it from obtaining fast approval for a management buyout. A group of Canaccord senior executives has offered to take the banking firm private for $11.25 per share, but regulators’ approval will not be granted quickly, the […]
California Reparations Task Force Proposes Up To $1.2 Million For Each African-American Resident
A California panel on Saturday adopted recommendations that could result in hundreds of billions of dollars in payouts to Black citizens to compensate for past injustices. The suggestions to state legislators represents the country’s most comprehensive effort to design a reparations program. The nine-member Reparations Task Force, whose work is being closely watched by politicians, […]
Terra Balcanica Assays 53.5 g/t Gold, 2.47% Copper In Samples At Ceovishte
Assay results are in from a recent sampling program conducted at Terra Balcanica’s (CSE: TERA) Ceovishte property in southern Serbia. The exploration program consisted of both soil sampling as well as surface rock chip sampling.
Heritage Mining Mobilizes For 2023 Exploration Program
Heritage Mining (CSE: HML) has begun mobilizing for its 2023 exploration program. The company is currently focused on conducting a phase 1 exploration program on its Drayton – Black Lake project found near Sioux Lookout, Ontario.
Alberta Wildfires Take Over 145,000 boe/d Of Production Offline
Gas production in Alberta has taken a major hit in recent days following ongoing wildfires in two major producing regions of the province. Several operators have been forced to shutter production temporarily in an effort to ensure the safety of its employees. Production has been largely shuttered in two major areas of the province, the […]
Binance Resumes Bitcoin Withdrawals, Adjusts Fees To Prevent Future Congestion
Binance has resumed bitcoin withdrawals following a second pause, as the Bitcoin network experiences extraordinary congestion. The crypto exchange temporarily halted bitcoin withdrawals for about two hours Sunday afternoon due to a record volume of unconfirmed transactions. Its second halt, which occurred in the evening, lasted slightly over two hours. “[Bitcoin withdrawals are now resumed […]
DraftKings Boosts 2023 Revenue and Cash Flow Guidance After Strong Q1 Results
On Thursday, DraftKings Inc. (NASDAQ: DKNG) reported better than expected 1Q 2023 financial results and boosted its full-year 2023 revenue and adjusted EBITDA guidance. More specifically, the company’s revenue reached US$770 million in the quarter, up 82% from US$422 million in 1Q 2022 and well ahead of the analysts’ consensus 1Q 2023 estimate of about US$705 million. […]
The Boring Company Gets Green Light to Add 18 Stations on Vegas Loop
The Boring Company, the Elon Musk-founded firm that “creates safe, fast-to-dig, and low-cost transportation, utility, and freight tunnels,” received approval to expand its Vegas Loop project from Clark County Commissioners in Nevada on Wednesday. The expansion will add 25 miles to the underground tunnel system, creating 18 new stations to extend the network out from […]
Alexandria Ocasio-Cortez and Matt Gaetz Team Up to Ban Lawmakers from Owning Stocks
A bipartisan group of US lawmakers, including Republican Representative Matt Gaetz and Democrat Representative Alexandria Ocasio-Cortez, are banding together to push for a stock trading ban via HR 3003 or the Bipartisan Restoring Faith in Government Act. The bill, introduced by Republican Representative Brian Fitzpatrick, would restrict members of Congress, their spouses, and dependents from […]
Eguana Tech Earnings: Record Quarter, Growing Installer Base
In this new episode, SmallCapSteve sits down with Justin Holland, CEO of Eguana Technologies (TSXV: EGT), to discuss the company’s record-breaking quarter, with revenues exceeding $10 million.