Inflation Or Depression: Credit Suisse To Secure $54 Billion From Swiss Central Bank
Credit Suisse (NYSE: CS) has announced that it will borrow up to 50 billion Swiss francs ($54 billion) from the Swiss central bank to shore up its finances. As part of its efforts to become a simpler bank, the lender said it was taking quick action to bolster its liquidity. The company’s shares plunged 24% […]
Terra Balcanica to Ramp Up Drilling in 2023 — With Alex Mišković
Joining us on the Daily Dive today is Alex Mišković, Co-Founder, President & CEO of Terra Balcanica Resources Corp (CSE: TERA). Alex sits down with us to discuss exciting updates from their Viogor-Zanik property in Bosnia and Herzegovina, including recent positive drill intercepts and a discovery at Brezani. He also provides a glimpse into how […]
Toronto Housing: One-Bedroom Rental Passes $2,500 Per Month, Up 21.% YoY
Renting a one-bedroom in Toronto is now 21.5% more expensive than the year before, according to March 2023 data from Rentals.ca. The monthly cost has also breached the $2,500 threshold, putting the Ontario capital behind just Vancouver for the most expensive rental rates in the country. Across the country Toronto, Kitchener, Langley, Brampton, London, St. […]
Federal Reserve’s FedNow To Launch Later In July
The Federal Reserve said on Wednesday that its fast payment tool FedNow will be available in July. The instant payment network will be able to support consumer-to-consumer, consumer-to-merchant, merchant-to-merchant, and bank-to-bank transactions in seconds. “With the FedNow Service, the Federal Reserve is creating a leading-edge payments system that is resilient, adaptive, and accessible,” said Tom […]
IAEA Says 2.5 Tons Of Uranium Has “Gone Missing” From Libyan Sites
The International Atomic Energy Agency (IAEA) of the United Nations has reported that roughly 2.5 tonnes of natural uranium has gone missing from a location in Libya that is not under government control. IAEA chief Rafael Grossi informed the organization’s member nations that inspectors discovered 10 drums of uranium ore concentrate had gone missing and […]
First Republic Bank Looking To Sell Itself As It Plunges A Further 34%
According to persons familiar with the situation, First Republic Bank (NYSE: FRC) is considering strategic options, including a sale. The bank, which is also considering options for bolstering liquidity, is expected to attract attention from larger rivals, the sources told Bloomberg. They stated that no decision has been made and that the bank may still […]
Cresco Labs Reports $215 Million Net Loss For 2022
Cresco Labs (CSE: CL) saw its revenues in 2022 increase 3% over the prior year. The firm this morning reported topline revenue for the full fiscal year of $842.7 million, an improvement over the $821.7 million reported last year. For the fiscal fourth quarter, the company recorded revenue of $199.6 million, a decrease of 8% […]
AcuityAds Fully Recovers US$55 Million Tied Up At Silicon Valley Bank
The US Government is evidently moving quick in relation to making depositors of Silicon Valley Bank (NASDAQ: SIVB) whole. AcuityAds (TSX: AT) this morning is reporting that it has received previously held funds at the bank in whole. The company evidently is taking no chances going forward, having transferred its funds out of the US […]
Eguana Sees ITOCHU Increase Stake To 12.95%
Eguana Technologies (TSXV: EGT) this morning is reporting that one of its largest shareholders has increased its stake in the company. ITOCHU Corporation, a Japanese conglomerate, has increased its stake in the firm to just under 13%. The increased stake follows ITOCHU electing to exercise 16.7 million common share purchase warrants issued in March 2020. […]
Battery Talks In Canada: Supply Chain With Japan, First Volkswagen Plant
Japan and Canada are discussing collaborating to develop solid supply chains for battery metals, according to Japan’s industry minister, Yasutoshi Nishimura, on Tuesday. According to Nishimura, a public-private mission coordinated by Japan’s Ministry of Economy, Trade, and Industry (METI) and comprised of representatives from 16 battery businesses visited Canada last week for discussions on developing […]