Nordstrom Begins Process of Closing its Canadian Operations
Nordstrom Inc (NYSE: JWN) announced on Thursday that it would wind down its operations in Canada, closing down all 13 stores and laying off about 2,500 employees. “We expect elevated inflation and rising interest rates would continue to weigh on consumer spending, especially in the first half of the year,” Nordstrom interim Chief Finance Officer […]
Hive Produces 250 Bitcoin In February, Daily BTC Production Climbs To 8.9
Bitcoin production continues to get tougher for crypto miners, with Hive Blockchain (TSXV: HIVE) noting in its February update this morning that mining difficulty increased 9% over the course of the month, following a 15% increase in January. Nevertheless, the firm managed to improve its daily production rate over the course of the month. Bitcoin […]
Hold The Coke: BC Premier David Eby To Investigate Adastra’s Cocaine License
It seems British Columbia Premier David Eby was one of the last people to know that the province he governs has a cannabis firm that’s already federally permitted to process and sell cocaine. Langley-based Adastra Holdings (CSE: XTRX) recently announced that Health Canada approved Adastra Labs’ amendment to include cocaine as a substance that the company […]
Apple Blocks ChatGPT-Powered App Over Content Filtering Concerns
Apple Inc. (Nasdaq: AAPL) blocked an update that adds a feature with a customized version of OpenAI’s GPT-3 large language model on the email app BlueMail, according to the co-founder of Blix, the app developer. “Apple has blocked the BlueMail update and continues to treat BlueMail unfairly and to discriminate against us,” Blix’s Ben Volach […]
Half Of The World Will Be Overweight Or Obese By 2035: Study
A new global study found that a majority of people across the world will be overweight or obese in 12 years if current trends prevail. The problem could have the same global economic impact by 2035 as the Covid-19 pandemic in 2020. The World Obesity Atlas 2023, compiled by the World Obesity Foundation, found that […]
Ontario Looks To Support Critical Mineral Supply Chains With Changes To Mining Act
The Government of Ontario is evidently looking to be more supportive of its mining industry. The government today unveiled new legislation that it hopes will enable the province to “become a leading jurisdiction for mineral investment and development.” Doug Ford’s government introduced legislative changes to the Mining Act that are geared towards attracting more investment […]
Former FTX Chief Engineer Also Pleads Guilty, Bolstering Case Against Sam Bankman-Fried
A third member of FTX founder Sam Bankman-Fried’s inner circle pled guilty to fraud charges and agreed to cooperate with federal prosecutors, broadening the pool of cooperating witnesses against the bankrupt crypto exchange’s former CEO. During a hearing in federal court in Manhattan on Tuesday, Nishad Singh, the company’s former director of engineering, pled guilty […]
US College Tuition Has Become So Expensive Students Are Turning To GoFundMe To Help Pay
The kids are not alright. The cost of living has become so high, that more and more of them are turning to crowdfunding sites like GoFundMe to help finance their education. Investment research firm Hedgeye on Wednesday posted about how the cost of public college tuition has gone up 1,759% in the last five decades […]
Silvergate: Circle, Paxos, Gemini And Others Follow Coinbase’s Lead By Dropping Bank
Silvergate Capital (NYSE: SI) continues to suffer from the release of a Form 12b filing last night that indicated it is less than well-capitalized. The firm this morning saw several major clients abandon the banks services. Coinbase Global (NASDAQ: COIN) was one of the first this morning to walk away from the service provider. The […]
Is Joe Biden’s Student Debt Relief Really A Relief?
US President Joe Biden’s plan to cancel student loans held by 40 million Americans was met with skepticism by the Supreme Court on Tuesday, with the fate of his campaign promise hanging in the balance. The nine justices heard arguments in Biden’s administration’s appeals of two lower court rulings that blocked the program he introduced […]