Campaign Promise Broken: Biden Administration OKs Willow Project
The Biden administration has approved the huge Willow oil drilling project in Alaska, infuriating environmentalists and paving the way for a legal challenge. The Willow Master Development Plan is a $6 billion proposal from ConocoPhillips to drill oil inside the National Petroleum Reserve in Alaska. According to the oil company, the project may generate up […]
Signature: What Happened In The Third-Biggest Bank Failure In The US?
No matter how Jim Cramer hyped Signature Bank (NASDAQ: SBNY) back in 2022, the reality is the bank amounted to the third-biggest failure in the industry in the United States. Customers at Signature Bank who were alarmed by the sudden demise of Silicon Valley Bank withdrew more than $10 billion in deposits on Friday. This […]
Take Kwon Do: DOJ Probes Terra Stablecoin Collapse
According to persons familiar with the situation, the Justice Department is examining the collapse of the TerraUSD stablecoin that occurred last year, adding the prospect of US criminal charges to the pressure on its creator, South Korean crypto entrepreneur Do Kwon. The Federal Bureau of Investigation and the Southern District of New York have questioned […]
New Study Finds Americans Now Really Don’t Like Russia
A new poll by Gallup found that Americans’ “already-negative opinions of Russia” have sunk to a new low, dropping from 15% last year to just a 9% favorable view as of February 2023. This is the lowest since the research firm began tracking the figure in 1989. The 2023 World Affairs poll found that 90% […]
Russian Fighter Jet Collides Into US Surveillance Drone Over The Black Sea
A Russian fighter jet collided with a US Reaper drone on Tuesday, prompting American military officials to ditch the unit into the Black Sea. The European Command announced that a US Air Force MQ-9 Reaper surveillance drone was brought down on Tuesday morning, after two Russian SU-17 fighter aircraft allegedly conducted “unsafe and unprofessional intercept,” […]
We Cannot Move To A Low-Carbon Economy Without Nuclear Energy — With Amir Adnani
Joining the Daily Dive today is Amir Adnani, CEO of Uranium Energy Corp. (NYSE: UEC). Amir sits with us this afternoon to give us his thoughts on uranium, nuclear power, and the green energy transition against the backdrop of geopolitical tension. He also gives up updates on Uranium Energy, particularly the deal with the US […]
Is The Silicon Valley Bank Auction Sequel Poised To Fail?
Rare are the times when a sequel to a movie gets to outperform the first installment–most especially when the initial one bombed. In an attempt to make Silicon Valley Bank (NASDAQ: SIVB) clients whole, regulators are reportedly planning to take another crack at auctioning the failed bank after the first auction failed over the weekend. […]
Kazakhstan Seizes Assets Belonging to Subsidiary of Russian Federal Space Agency
Kazakh authorities have reportedly taken control of the Center for the Operation of Terrestrial Space Infrastructure operating in Baikonur Cosmodrome in Southern Kazakhstan, an area that the country leased to Russia. The Bailiffs’ Service of the Republic of Kazakhstan states that the seized property is owned by the Center for the Operation of Ground-Based Space […]
First Phosphate: New Report Suggests Flagship Property Holds ESG-Compliant Source Of Phosphate For LFP Battery Industry
First Phosphate Corp (CSE: PHOS) has received a research report from Queen’s University that suggests its flagship asset, the Lac a l’Orignal property, holds a deposit which holds a high probability of being ESG-compliant. The report, entitled, “Characterization of First Phosphate’s Lac à l’Orignal Phosphate Deposit, Lac-Saint-Jean Anorthosite (LSJA) Complex, Quebec, Canada: Implications for Supplying […]
Rescuing Fallen Banks Mean No More Fed Rate Hikes, Says Goldman
According to Goldman Sachs, there is no longer a rationale for the Federal Reserve to raise interest rates at its meeting next week, citing “recent stress” in the financial industry. “In light of recent stress in the banking system, we no longer expect the FOMC to deliver a rate hike at its March 22 meeting […]