Market Movers: Hypercharge Networks Hits New Highs As Company Looks To Raise $5 Million
Hypercharge Networks (NEO: HC) continues to defy gravity in terms of its trading, moving as high as $3.82 in early morning trading, after closing Thursday’s session at $2.54. The equity, after markets having been open for only an hour, has traded over 3.8 million shares, worth approximately $12.4 million. Perhaps the most interesting aspect of […]
BBBY: Bed Bath & Beyond Looks To Conduct Reverse Split As Stock Craters
Bed Bath & Beyond (NASDAQ: BBBY) is apparently looking to scorn its investors this morning, revealing it is seeking approval from shareholders to proceed with a reverse share split. “We are seeking shareholder approval for a reverse stock split to continue raising the necessary capital to fulfill our business goals. We understand the choices we […]
Start Of The End? Blackstone Sells California Commercial Buildings At 36% Loss
In the face of mounting office market headwinds, Blackstone Inc.’s (NYSE: BX) has liquidated two 13-story buildings in Southern California at a significant discount. A joint venture between Barker Pacific Group (BPG) and Kingsbarn Realty Capital paid $82 million, or $146 per square foot, for the Griffin Towers office park in Santa Ana, California, in Orange […]
Freeman Gold Increases M&I Gold Resource Estimate To 988k Ounces
Freeman Gold (TSXV: FMAN) has seen its mineral resource estimate for its flagship Lemhi Gold Deposit in Idaho increase after further exploration. Measured and indicated ounces increased by 32% to 988,100 ounces of gold at a grade of 1.00 g/t gold, which is contained in 30.02 million tonnes. Inferred resources meanwhile totaled 234,700 ounces of […]
Pierre Lassonde Plans To Acquire Up To 20% Stake In Teck Resources Spinout To Keep It In Canada
Pierre Lassonde, the wealthy gold mogul turned ally of Teck Resources Limited (NYSE: TECK) controlling shareholder Norman Keevil, plans to purchase a blocking position in Teck’s spin-off coal business to ensure it remains in Canadian hands. Lassonde’s plan is philosophically similar to Keevil’s, who rejected this past week’s request by Glencore of Switzerland, one of the world’s largest commodities corporations, to merge with the Vancouver-based miner in a $23 billion all-share deal. Keevil, a Canadian resources nationalist who has criticized the hollowing out of Canada’s […]
Are The New US Treasury Guidelines For EV Tax Credits Too Strict?
The US Treasury Department has provided proposed guidance on the new Inflation Reduction Act (IRA) electric car provisions, primarily on how a unit could qualify for the $7,500 credit. Since the Inflation Reduction Act was passed, at least $45 billion in private-sector investment in the US clean vehicle and battery supply chain has been announced. […]
California Fair Officials Had A Goat Slaughtered to Teach A 9-Year-Old A Lesson
When Jessica Long bought a goat for her young daughter to join Shasta County District Fair’s 4-H program, she didn’t realize it would end in a series of traumatic events. The program allows children to temporarily care for farm animals before they’re entered into an auction and sold typically for meat with the goal of […]
Ethan Allen Interiors: A Free Cash Flowing Small Cap Overlooked Due To Recession Fears
Ethan Allen Interiors Inc. (NYSE: ETD), a fully integrated furniture company which conducts business primarily in the United States, is a name that has seemingly become overlooked by investors given the recent focus on large and mega-cap names. Ethan Allen operates as an interior design company which manufactures its own furniture and sells its products in […]
Biden Is Going Against Pollution To Push EV Shift
The Biden administration is on track to propose the strictest car pollution regulations ever proposed in the United States in an effort to force automakers toward a significant rise in electric vehicle sales. The US Environmental Protection Agency (EPA) is expected to propose new guidelines to reduce automobile emissions pollution as early as next week. […]
Documents Reveal Tesla Admits FSD Not Autonomous, To “Remain Largely Unchanged”
Documents obtained under a Freedom of Information request disclosing email exchanges between Tesla (Nasdaq: TSLA) and the California Department of Motor Vehicles show that the automaker said it expects full self-driving (FSD) functionality to “remain largely unchanged in a future, full release to the customer fleet.” “We are analyzing the data obtained in the pilot […]