John Tory Resigns As Mayor of Toronto
This evening John Tory announced he is resigning as mayor of Toronto after news broke that he developed a relationship with an employee during the pandemic. His resignation happened during a surprise news conference. “I am deeply sorry, and I apologize unreservedly to the people of Toronto,” he said. In his full statement, Tory said […]
Tether Loses Court Battle To Block Reserve Records FOIA Request By CoinDesk
The public might be one step closer to learning what assets actually back Tether, following the failure of Tether to block a freedom of information act request that came from CoinDesk back in 2021 that is just now being resolved. The request, classified as a Freedom of Information Law request, pertains to information on Tether’s […]
Investors Sue Shell Directors Over Climate Strategy Mismanagement
A group of shareholders has filed a suit against the board of directors of oil giant Shell (LON: SHEL) over allegedly failing to manage the company’s climate risks. The lawsuit, which was brought against the directors personally and not the company, is the first of its kind and may set a precedent for how companies […]
Beyond Meat Loses $120 Million In Market Cap After Chick-fil-A Announces Plant-Based Recipe
Beyond Meat (Nasdaq: BYND) fell on Thursday after Chick-fil-A announced that it is testing its first plant-based product on its own, without the firm’s faux meat. The new product, a breaded cauliflower sandwich, is slated to be tested in Denver, Colorado; Charleston, South Carolina; and Greensboro, North Carolina on February 13. The Los Angeles–based producer’s […]
US Military Shoots Down Another Unidentified Object Over Alaska
The US military shot down yet another floating object in the sky, this time over Alaska. On Friday, White House spokesperson John Kirby confirmed that US president Joe Biden instructed the Pentagon to down an unidentified object over Alaskan waters on Thursday night. He said the object was floating at an altitude of around 40,000 […]
Steve Wozniak Speaks Out Against Elon Musk and Tesla, Calls Marketing “Dishonest”
Apple (Nasdaq: AAPL) co-founder Steve Wozniak wasn’t so happy comparing Steve Jobs with Tesla (Nasdaq: TSLA) CEO Elon Musk on CNBC’s Squawk Box on Thursday. While he agreed that the two were very similar, Wozniak said that his good friend Jobs wasn’t so “dishonest” and “untruthful” in his marketing. Wozniak, who believes that one shouldn’t […]
Moldova Government Resigns, President Names New Prime Minister Candidate
Moldova, a small former Soviet republic with a population of 2.5 million tucked between Ukraine and NATO and EU member Romania, experienced a major change in its political landscape on Friday. President Maia Sandu has nominated former Interior Minister Dorin Recean to take the place of Prime Minister Natalia Gavrilita, who resigned from her position […]
More Market Turmoil: Moscow Vows to Slash Crude Output in Retaliation to Western Sanctions
Russia announced that it will voluntarily cut crude production by 500,000 barrels per day starting in March, as it stops selling oil to importers complying with a Western-imposed price cap. Russian Deputy Prime Minister Aleksandr Novak stated the move will rebuild market equilibrium that was damaged by the price ceiling, which he viewed as unlawful. […]
UPDATED: Fox Asks For Super Bowl Interview With Joe Biden To Be Cancelled
Less than three days before Super Bowl LVII and the White House has still yet to confirm whether President Joe Biden will be making an appearance for a ‘traditional’ pre-game interview with Fox, the network hosting this year’s edition of the United States’ most-watched sports events. According to people familiar with the matter, Fox is […]
Commissioner On SEC Decision To Shut Down Kraken Staking Program: “I Dissent”
The Securities and Exchange Commission charged crypto exchange Kraken on Thursday with failing to register the offer and sale of their crypto asset staking-as-a-service scheme, in which investors send crypto assets to Kraken for staking in exchange for promised yearly investment returns of up to 21%. Staking is a procedure in which investors “stake” or […]