Visa, Mastercard Walk Away from Crypto Amid Continued Market Uncertainty
As the cryptocurrency space remains in a volatile state following a series of high-profile implosions, the resulting heightened regulatory scrutiny, and heavy political involvement, major partners are taking a step back in their plans. Reuters reported last week that the United States’ biggest payment companies Visa (NYSE: V) and MasterCard (NYSE: MA) have announced that […]
Core Assets Hits 1.25 Metres Of 215 g/t Silver In First Assay Results From Silver Lime Project
The first drill results are finally in for Core Assets’ (CSE: CC) drill program conducted in 2022. A total of fifteen holes were drilled under the 2022 exploration program at the firms Silver Lime Porphyry-CRD project, found at the Blue Property in northwest British Columbia. Core Assets released assays for a total of four drill […]
American Lithium Advances Completion Of Pre-Feasibility Study At Falchani
American Lithium (TSXV: LI) is re-prioritizing its Falchani Lithium project, found in southern Peru. The firm this morning indicated that it will be fast-tracking the completion of a pre-feasibility study for the project. As part of the effort to complete the study, DRA Global has been appointed as lead engineer on the project, while Stantec […]
Florida Republican Submits A Bill Requiring ‘Bloggers’ to Register and File Monthly Reports
Florida lawmakers seem to be quite distracted by issues not related to the problems plaguing the state. Weeks after Democratic State Senator Lauren Brook proposed to ban dogs from sticking their heads out car windows, Republican State Senator Jason Brodeur last week proposed to require bloggers to “register with the Office of Legislative Services or […]
Carlyle Commodities: Advancing The Newton Gold Project In Central BC
Carlyle Commodities Corp. (CSE: CCC) is a junior exploration company that is focused on advancing its 24,000 hectare Newton Gold Project, located 100 kilometres west of the town of Williams Lake in central British Columbia. The company made a timely and inexpensive purchase of the property in 2020, during the pandemic-driven lull in the precious […]
Rivian’s Giant Cash Burn Expected To Continue Through At Least 2023
After the market close on Tuesday, Rivian Automotive, Inc. (NASDAQ: RIVN) reported disappointing fourth quarter 2022 results and, more importantly, underwhelming 2023 vehicle production and cash flow guidance. The company reported 4Q 2022 adjusted EBITDA and free cash flow of negative US$1.45 billion and negative US$1.74 billion, respectively. Free cash flow is defined as operating cash flow less capital expenditures. For […]
Fed’s Zoom Speech Canceled After Porn Bombing
Federal Reserve Governor Christopher Waller was all set for a virtual event on Thursday when it had to be canceled after a participant displayed pornographic content on the event’s live feed on Zoom. Waller was to address the Mid-Size Bank Coalition of America (MBCA) to give his remarks on the economic outlook, but a few […]
New York City To Pay Black Lives Matter Demonstrators At Least $21,500 Each After Unlawful Arrest Tactics
New York City has agreed to the proposed settlement for the class action suit filed by demonstrators at a 2020 George Floyd protest. If approved, the city will pay around $7 million to demonstrators who were “arrested, detained, and/or subjected to force by police officers.” According to the proposed settlement filed in federal court on […]
Canary in the Coal Mine: 20% of CIBC Mortgages Have Reached Their Trigger Rate
Thanks to skyrocketing interest rates, one out of five Canadians who took out a mortgage with CIBC can no longer afford the interest portion of their loan. In a footnote included in CIBC’s latest quarterly financial statements, 20% of the bank’s residential mortgage holders have reached their trigger rate, meaning that their monthly payment can […]
Trudeau Clarifies Cocaine License “Not Permission To Sell Commercially” As Second BC Firm Secures License
Langley-based Adastra Holdings (CSE: XTRX) has walked back its original statement regarding its announcement of amended Controlled Drug and Substances Dealer’s License granted by Health Canada. In the original announcement on Feb. 22, CEO Michael Forbes stated that the company would “evaluate how the commercialization of this substance fits” with the firm’s business model. In the most […]