BC, Ontario Taxes Rumored To Approach 60% In New Budget
Finance Minister Chrystia Freeland will release Canada’s federal budget plan on March 28, and numerous rumors have been told about what it will include, including expected tax rate increases. For one, Twitter user Global Macro said tax accountants they have spoken to have indicated that top tax rate could be expected to increase to 58% […]
The Fed’s Balance Sheet Is Overstated — With Tavi Costa
The Daily Dive opens this week with regular guest Tavi Costa, Partner & Portfolio Manager for Crescat Capital. Tavi joins us today to provide his insights on the Fed and inflation, before we dive into the Fed’s balance sheet holdings versus the bond market’s performance, and the impact of US banking stress. We also discuss […]
Amazon Preparing To Lay Off Another 9,000 Workers
Amazon is preparing to let go another 9,000 workers over the next several weeks, in an effort to unwind the surge in hiring it underwent during the pandemic. In a memo circulated to employees on Monday and seen by CNBC, CEO Andy Jassy said the latest round of layoffs will affect Amazon’s human resources, advertising, […]
Russia’s Wagner Group Suspected of Gunning Down Chinese Nationals at African Gold Mine
Nine Chinese nationals working at a gold mine in the Central African Republic were killed by gunmen over the weekend, with a rebel coalition suspected of committing the act instead deflecting blame on the infamous Russian Wagner Group. As reported by the Associated Press, several gunmen breached security at the Chinese-operated Chimbolo gold mine in […]
David Sacks vs. Marc Cohodes, Explained
Amid all the chaos of leading banks capsizing into regulators hands, leaving depositors wary of recovering their investments, an online feud heats up between Craft Ventures General Partner David Sacks and famed short seller Marc Cohodes. Major banks like Silicon Valley Bank, Silvergate Bank, Signature Bank, First Republic Bank, and Credit Suisse have fallen one […]
New York Community Bank To Acquire Signature Bank For $2.7 Billion, Rebrand As Flagstar Bank
According to the Federal Deposit Insurance Corporation (FDIC), New York Community Bank (NYSE: NYCB) has agreed to buy a large portion of the insolvent Signature Bank (NYSE: SBNY) for $2.7 billion. The FDIC said late Sunday that the 40 Signature Bank branches will be renamed Flagstar Bank beginning Monday. Flagstar is a subsidiary of New […]
Now $3.2 Billion: Credit Suisse Price Tag Keeps Rising For UBS
UBS agreed to buy beleaguered rival Credit Suisse for 3 billion Swiss francs ($3.2 billion) on Sunday, with Swiss authorities playing a significant role in the deal as nations sought to halt a global banking system contagion. “With the takeover of Credit Suisse by UBS, a solution has been found to secure financial stability and […]
First Phosphate Recovers 91.4% Of Apatite In Metallurgy Tests, Produces 40.2% P2O5 Concentrate
Early metallurgy results are in for First Phosphate (CSE: PHOS) in conjunction with an ongoing preliminary economic assessment being conducted on the firms flagship Lac a l’Orignal property, found in the Saguenay-Lac-St-Jean region of Quebec. Testwork conducted on mineralization sourced from the Lac a l’Orignal property has demonstrated that the current flowsheet is capable of […]
Vizsla Silver Hits 2,699 g/t Silver, 24.99 g/t Gold Over 2.3 Metres At La Luisa Target
An ongoing 90,000 metre drill program continues to produce results for Vizsla Silver (TSXV: VZLA) at their flagship Panuco silver-gold project. The latest results released by the firm has seen the footprint of La Luisa target expanded significantly, which is to the west of the main Napoleon Vein. Highlights from the results include: NP-22-332: 2,699 […]
Gold Crosses $2,000 An Ounce Amid Market Fears
Gold this morning hit a new 52-week high before giving back some of its gains. The precious metal in early morning trading crossed the $2,000 per ounce mark as investors feared further bank collapse following the rushed sale of Credit Suisse (NYSE: CS). The yellow metal hit a high of $2,009.75 per ounce once markets […]