Musked: Tesla Bars Biggest Fanboys from Investor Day
In a surprising plot twist, Tesla (NASDAQ: TSLA) banned at least two of its biggest boosters from attending the highly anticipated Investor Day event in Austin, Texas on March 1. YouTuber Galileo Russell, who goes by the handle @Gali on Twitter, had his invite revoked and was escorted out of the premises. Russell flew to […]
New Jersey Sets Clean Energy Goals; All New Cars and Light-Duty Truck Sales to Be EVs by 2035
New Jersey Governor Phil Murphy has signed three executive orders to accelerate the state’s adoption of 100% clean energy by 2035. Speaking at Rutgers University, the governor announced the six pillars that would form the foundation of the state’s strategy. These include accelerating the adoption of clean energy, electrifying the building sector, planning for the […]
Trudeau Foundation To Return $200,000 Donation From Beijing Adviser
Conservatives say donation compromised report on foreign election interference written by the former CEO of the Pierre Elliott Trudeau Foundation. In what seems to be an attempt to do damage control, the Pierre Elliott Trudeau Foundation said it is returning a donation of thousands of dollars given by a Chinese government adviser. Zhang Bin, a […]
The Tesla Investor Day That Wasn’t For Investors
Tesla (Nasdaq: TSLA) shares fell more than 5% in after-hours trading on Wednesday following the electric vehicle maker’s 2023 Investor Day presentation in Austin, Texas where it teased a “next generation” platform but did not reveal many details at a much-anticipated event. Elon Musk, Tesla’s CEO, took the stage to describe his “Master Plan 3” […]
Coinbase Drops Silvergate In Favor Of Signature Bank
After reporting that its ability to continue was a going concern last night in a Form 12b, Silvergate Capital (NYSE: SI) appears to have additional problems on its hands as its liquidity dries up. Coinbase Global (NASDAQ: COIN) has evidently dropped the bank as a partner for Prime customers. Moving forward Coinbase will be facilitating […]
Magna Mining Intersects 1.1% Nickel, 0.7% Copper Over 27 Metres
The final assay results from Magna Mining’s (TSXV: NICU) 2022 drill program have been released this morning. The results come from the firms Crean Hill Mine, found near Sudbury, Ontario. A total of seven holes were released this morning, including two from the 101 Footwall Zone, and five from the Intermediate Zone, which is near […]
Silvergate Loses Third Of Its Value After Revealing Bank Is Under Capitalized
Silvergate Capital (NYSE: SI) fell as much as 33% after hours on Wednesday after the cryptocurrency-focused bank announced that it will postpone filing its 2022 annual report on Form 10-K with the Securities and Exchange Commission due to further losses and regulatory scrutiny. While the company is working hard to file its Form 10-K as […]
AMC Defends Push On Tiered Seating Prices As Firm Records Wider Losses
AMC Entertainment (NYSE: AMC, APE) reported its Q4 and full-year 2022 financials, top billed by a quarterly revenue of $990.9 million. This is a decline from Q4 2021’s $1.17 billion. Net loss also widened to $287.7 million from last year’s $134.4 million loss. This translates to $0.26 loss per diluted share, a decline from last […]
Cocaine BC: Cannabis Firm Gets License To Process And Sell Cocaine
British Columbia cannabis firm Adastra Holdings (CSE: XTRX) recently announced that Health Canada approved Adastra Labs’ amendment to include cocaine as a substance that the company can lawfully possess, produce, sell, and distribute. On August 24, 2022, Adastra obtained its Controlled Drug and Substances Dealer’s License, which authorizes the company to possess, produce, sell, and […]
San Francisco Reparations: If Not $5 Million for Each Black Resident, Then How Much?
San Francisco has been in a heated debate over the amount of reparations that should be paid to its Black residents. In December, the African American Reparations Advisory Committee (AARAC) recommended that qualifying Black residents receive $5 million each in reparations. The committee’s draft report said that the proposed reparations program is not compensation for […]