Vice Reportedly Preparing To File For Bankruptcy
Vice is said to be near bankruptcy, as per reports by the New York Times released tonight. The publication is said to be preparing to file for bankruptcy amid its failure to turn a profit. The filing of bankruptcy is expected to arrive in the “coming weeks,” with the New York Times citing three separate […]
Skylight Health Admits It Can’t File Q4 Results, Expects To Be Halted
The end of the line appears to be here for Skylight Health Group (TSXV: SLHG). The firm this evening revealed that it is considering strategic alternatives after it failed to raise financing sufficient to fund its cash flow needs. On top of its financial difficulties, Skylight has indicated that it “does not expect to be […]
Is Crypto Booster Ted Cruz Violating Disclosure Laws?
Bitcoin makes Senator Ted Cruz’s eye twinkle. The Republican from Texas on Wednesday spoke at the Bitcoin Policy Summit in Washington, DC, and spoke about his optimism for Bitcoin and the crypto sector in general, Cruz got so pumped that he even revealed his personal Bitcoin holdings, sharing that he has a standing buy order […]
Biden Roasts Fox News at White House Correspondents’ Association Dinner
Once a year, the US President gets a chance to play comedian and poke fun at the media behind the podium at the annual White House Correspondents’ Association dinner. This year, President Joe Biden was blessed with material coming from the recent events at Fox News. Biden gladly took the chance to make fun of […]
Republicans Pan Granholm’s Support for An All-EV Fleet for the Military
US Department of Energy Secretary Jennifer Granholm told the Senate Armed Services Committee on Wednesday that she supports the Biden administration’s push for the US military to replace its non-tactical vehicles with an all-electric vehicle fleet by 2030. “I do, and I think we can get there, as well,” Granholm responded to Republican Senator Joni […]
Housing Has Become So Unaffordable That Australia Now Permits Friends to Buy A House Together
The federal government of Australia, “moving to meet the times,” has expanded the eligibility criteria of three of its housing schemes to allow more Australians to achieve home ownership. Beginning July 1st, the First Home Guarantee, the Regional First Home Buyer Guarantee, and the Family Home Guarantee will now be available to any two eligible […]
Chile’s Lithium Industry: Nationalization & The Global Impact
Today we are diving into the world of lithium. The key ingredient in those batteries that keep your smartphone alive and your Tesla rolling is causing quite a stir. Chile, the largest lithium producer on the planet, has decided to nationalize its lithium industry. President Gabriel Boric wants Chile to be the lithium king while […]
Is Cross River Next? The Bank That’s Not A Bank
At a first glance of their website, one wouldn’t immediately think that Cross River is a bank. And apparently, that was intentional. “It’s not a question of [whether if] we’re not a bank,” said Phil Goldfeder, former Senior Vice President of Global Public Affairs at Cross River, in a year-old interview on the Youtube platform […]
Bhutan Has Been Secretly Mining Crypto For Years
Bhutan, a small kingdom located between China, India, and Nepal, has been quietly developing a sovereign bitcoin mining operation that uses its massive hydroelectric resources to power it, according to a new report from Forbes. The project had been kept under wraps until this week, days after Forbes reached out to Bhutanese officials with questions […]
FDIC: Signature Bank Failed Because Of Poor Management
Signature Bank failed due to “poor management,” according to a report released Friday by the Federal Deposit Insurance Corporation (FDIC). The bank’s management “did not always heed FDIC examiner concerns, and was not always responsive or timely in addressing FDIC supervisory recommendations,” according to the report. According to the FDIC investigation, the run on deposits […]