Meta Platforms Prepares for Second Round of Layoffs in Push Towards More Efficiency
Tech giant Meta Platforms (NASDAQ: META) is preparing to lay off even more staff, in a push towards increased efficiency and lower costs. According to Bloomberg which cited people familiar with the matter, Meta is slated to axe thousands of more employees as early as this week, marking yet another streamlining effort following a 13% […]
Becoming the World’s First Carbon-Neutral Nickel Mine — With Terry Lynch of Power Nickel
Joining us today on the Daily Dive is Terry Lynch, CEO of Power Nickel (TSXV: PNPN). Terry joins us to give us his insights on the top headlines in the nickel space. We then transition to a discussion on Power Nickel’s flagship Nisk property, and their actions towards becoming the world’s first carbon-neutral nickel mine. […]
China Bull Mark Mobius: “I can’t get my money out.”
Mark Mobius says he “can’t get his money out” but Chinese regulator says “there was nothing new or unusual about his hurdles.” Emerging market investor Mark Mobius said that China is restricting capital outflows from the nation, a move that occurs as the world’s second-largest economy tries to recover from COVID-19 lockdowns. “I’m personally affected […]
Jerome Powell: Rates Will Likely Be Higher Than Previously Expected
It appears Fed Chair Jerome Powell isn’t satisfied after all with the supposed “disinflationary process” that he previously insisted is underway in response to the central bank’s fight against inflation. In a series of prepared comments before Capitol Hill hearings beginning on Tuesday, Powell admitted that the economy still remains in overdrive, and that the […]
South American Countries Mulls “Lithium OPEC” As Prices Hit 13-Month Low
Argentina, Chile, Bolivia, and Brazil are considering forming a sort of lithium cartel to enhance South America’s processing capacity, convert more of its mined lithium into batteries, and enter the electric vehicle (EV) manufacturing market. The group would follow similar schemes as the Organization of the Petroleum Exporting Countries (OPEC) in terms of coordinating production […]
SEC Sues BKCoin For $100 Million Fraud Scheme & Ponzi-Like Payments – And Silvergate Is Involved
In its ongoing crackdown on the crypto space, the Securities and Exchange Commission has focused its attention on BKCoin Management, a Miami-based financial manager. The regulatory agency filed on Monday an emergency action against the firm and one of its principals, Kevin Kang, “in connection with a crypto asset fraud scheme.” The SEC said that […]
War Warning: China Promises “Conflict” If US Doesn’t “Hit The Brake”
China’s new foreign minister, Qin Gang, said relations with the United States had deviated from a “rational path” and warned of conflict if the United States did not “hit the brake.” Qin, who was China’s ambassador to the United States until recently, stated that China would “pursue a sound and stable relationship with the US.” […]
Alameda Sues Grayscale, DCG In Attempt To Unlock Value In Bitcoin Trust For FTX
The new leadership team of the bankrupt crypto exchange FTX revealed on Friday that the bankrupt cryptocurrency exchange’s sister business, hedge fund Alameda Research, has sued asset management Grayscale Investments in an effort to recoup assets for FTX customers and creditors. Grayscale, according to the FTX debtors led by CEO John Ray III, is preventing […]
Eguana Tech Acquires Solar, Energy Storage Installer In Australia
Eguana Technologies (TSXV: EGT) is evidently building out its operations in Australia, unveiling this morning that it has acquired Solarlab Pty Ltd. The company is said to be engaged in energy storage along with residential and commercial solar markets throughout the country. Established in 2017, Solarlab is said to be focused on the design, sales, […]
Canada Nickel Intersects 0.5% Nickel Over 91 Metres At Texmont
The first results are in for Canada Nickel’s (TSXV: CNC) drilling at its Texmont property, found 36 kilometres to the south of Timmins, Ontario. The results are said to confirm high grade nickel mineralization at the property. A total of twelve drill holes saw results released last night after the closing bell, nine of which […]