China Cuts Steel Output Over Environmental Concerns, Leading To Falling Iron And Coal Prices
Various media sources report that China, which produces just over half of the world’s steel, plans to cap 2023 domestic steel production at 2022 levels. One caveat is that China could choose to amend this policy at some point in the second half of 2023. China’s decree for 2023 follows similar decisions in 2021 and 2022 to […]
Andreessen Horowitz Projects [Misplaced] Optimism In State of Crypto 2023 Report
The State of Crypto 2023 report from venture capital firm Andreessen Horowitz (a16z) provides a hopeful view of the sector, which has been beset by crashes and legal disputes. The firm starts with a caveat that “emerging technologies evolve in cycles,” with the crypto space experiencing a “crypto winter” for the most part in 2022, […]
Company Profile: Carlyle Commodities Corp
Carlyle Commodities Corp. (CSE: CCC) is a Vancouver-based junior exploration company that is advancing its 24,000 hectare 100%-owned Newton Gold Project, located 100 kilometres west of the town of Williams Lake in central British Columbia. The company made a timely purchase of the Newton Gold property in 2020, during the pandemic-driven lull in the precious […]
French Nuclear Power Plant Maintenance Issues Continue to Impact Uranium Spot Prices
Spot uranium prices have oscillated in a tight range around US$50 per pound for the last five months. Two issues seem to be pressuring prices, counteracting Japan’s interest in a gradual reopening of some of its nuclear plants and the UK’s recent decision to build a new nuclear facility to create “secure, affordable and clean […]
Bud Light Saga: Pretty soon, they’re just going to let beer cans choose any gender they want!
A new Bud Light can featuring the likeness of transgender actor and TikTok personality Dylan Mulvaney caused an (anecdotal, alleged, and possibly invented) sales slump for the light beer in certain unnamed Midwestern markets over the Easter weekend. So a crowd of intelligent, unbiased capital markets analysts and journalists have rolled up their sleeves, adjusted […]
Elon Musk Wants to Create New AI Start-Up to Compete With OpenAI
Elon Musk is reportedly developing plans to launch a new artificial intelligence start-up to compete with OpenAI, the company behind ChatGPT. According to people familiar with the matter cited by the Financial Times, Musk is said to be assembling a team of AI researchers and engineers, and has been in discussions with investors from SpaceX […]
Bud Light Backlash: A Deep Dive Into The Dylan Mulvaney Saga
Ah, the ever-evolving landscape of advertising. It seems like just yesterday beer ads were all about bikini-clad women and sophomoric humor aimed at your average Joe Sixpack. But times, they are a-changin’, and Bud Light’s recent ad campaign featuring transgendered models has caused quite the kerfuffle. Now this might surprise you, but it’s not like […]
Lucid’s Q1 Production & Delivery Data Continues To Disappoint
On April 13, Lucid Group, Inc. (NASDAQ: LCID) announced disappointing production and delivery totals for 1Q 2023. During the quarter, the company produced 2,314 Lucid Air models and delivered just 1,406 of them. This performance represents a significant step back from 4Q 2022 production and delivery quantities of 3,493 and 1,932, respectively. The 1Q 2023 results almost certainly confirm […]
Sudan Hit With Coup As Paramilitary Group RSF Fights For Power
A coup appears to currently be underway in Sudan, which has been running under military power since 2021. Paramilitary group Rapid Support Forces, or the RSF, took control of the Presidential Palace in the capital of Khartoum, at least briefly earlier today. At the same time, heavy fighting has also taken place at the nearby […]
Warren Buffett Cites Geopolitical Tensions as Reason for Sudden Sale of TSMC Stake
Billionaire investor Warren Buffett has revealed that Berkshire Hathaway’s decision to sell its stake in Taiwan Semiconductor Manufacturing Co Ltd (NYSE: TSC) was partly influenced by geopolitical considerations. In an interview with Nikkei, Buffett stated that the ongoing geopolitical tensions between the US and China had played a role in Berkshire Hathaway’s decision to divest […]