Cash App Founder and Former Square CTO Bob Lee Killed in Street Stabbing
Bob Lee, chief product officer of the crypto startup MobileCoin, was the victim of a fatal attack in San Francisco on Tuesday morning. According to a report from the San Francisco Police Department, officers responding to the 300 block of Main Street found a 43-year-old man suffering from stab wounds at around 2:35 a.m., and […]
Republican Lawmakers Move To Peg US Dollar To Gold, But Is It Worth The Weight?
In arguably one of the worst economic situations in the US amid rising interest rate hikes and bank failures, three Republican lawmakers introduced a bill to peg again the Federal Reserve note “dollar” to the value of a fixed weight of gold bullion. West Virginia Rep. Alex Mooney, joined by Arizona Reps. Andy Biggs and […]
The Binance Blow-Up, Explained.
Picture this. The biggest crypto exchange in the world, Binance, is now in the crosshairs of the US government. You know things are getting serious when various levels of government bureaucracy team up like an episode of the Avengers, but instead of battling Thanos, they’re taking aim at Binance. And with Binance’s connection to Tether, […]
C3.ai Falls After Short Seller Discloses “Fictional Accounting”
Kerrisdale Capital Management shared on Tuesday the letter it wrote auditing firm Deloitte & Touche, in which the investment management firm aimed to bring about the “highly aggressive accounting” that C3.ai (NYSE: AI) used to inflate its income statement. The letter was part of a larger short report issued by the firm. “Please examine the […]
France Protests Against Pension Reform Escalate To Storm BlackRock Offices
Demonstrators stormed BlackRock’s Paris office on Thursday, carrying their protest against the government’s pension reforms to the world’s largest money manager. Protesters were seen waving red flares and firing smoke bombs as they entered the Le Centorial office building, which is located near the Opéra Garnier opera theater. For about 10 minutes, about 100 protesters, […]
A Canadian Organization Is Calling On The CRTC To Kick Fox News Out Of Canada
In an open letter addressed to Vicky Eatrides, Chairperson and CEO of the Canadian Radio-television and Telecommunications Commission (CRTC), 2SLGBTQI rights organization Egale Canada called for a public consultation on the broadcast of the Fox News Channel in Canada. Egale referred to a segment in a recent episode of Tucker Carlson Tonight where the coverage […]
After Teck Rejected Its Acquisition Bid, Should Glencore Sell Itself Instead?
The mining M&A space has been rustled recently with the news that Glencore extended an unsolicited proposal to acquire Teck Resources Limited (NYSE: TECK) in an ambitious $23 billion bid. The Swiss miner’s offer was an all-share acquisition of Teck, representing a 20% premium on the offer date. But it also indicates a desire to proceed […]
Canada’s Economy Adds 35K Jobs As Interest Rates Fail to Cool Labour Market
Canada’s economy added another 35,000 jobs to the labour market in March, keeping the unemployment rate unchanged— to the ire of the Bank of Canada. Statistics Canada data showed employment levels rose 0.2% in March, marking the fourth consecutive month of upwardly trending job numbers. Much of last month’s employment gains were concentrated across the […]
Swarmio Launches New Payment Solution For Its Esports Platform
Swarmio Media (CSE: SWRM) is looking to make it easier for consumers to pay for its services. The company this morning revealed a new payment solution for its Ember gaming platform, known as Eco VoicePay. The new payment solution will enable gamers to pay for their in-game items by using long distance credits that are […]
ATAC Resources To Be Acquired By Hecla For $0.14 Per Share In All-Stock Deal
It appears that at least some mining majors are already starting to turn to the junior explorers to add gold ounces to their portfolio. ATAC Resources (TSXV: ATC) this morning revealed it has accepted an acquisition offer from Hecla Mining (NYSE: HL). The transaction will see shareholders of ATAC receive 0.0166 common shares of Hecla, […]