FTX Lawyers, Advisors Are Making Serious Bank: Tally’s at Almost $20 Million for 51 Days of Work
It’s taken thousands of partner-level billable hours, so far, just to unravel the tight knot that’s been FTX’s bankruptcy proceedings. FTX has so far racked up $19.6 million in fees to its bankruptcy, legal, and financial advisors, mostly for work done in November 2022 when the crypto exchange fell and filed for bankruptcy protection. According […]
Tesla: China Market Share Up 8% in January, MoM Deliveries Fall 36%
Tesla (Nasdaq: TSLA) sold a total of 66,051 vehicles made in its China plant in January, according to data from the China Passenger Car Association (CPCA). Of these vehicles, 39,208 were exported while 26,843 were delivered in China. The January figures show that deliveries in China dropped by 35.98% coming from 41,926 units delivered in […]
Did Pete Davidson Just Make Taco Bell Breakfast Work? Sales Are Up 9% After TV Ads
Breakfast used to be a tricky thing for Taco Bell — remember the Waffle Taco? How about the Naked Egg Taco? It had gotten pretty sticky, largely due to self-confessed “over-innovation,” that they hired tabloid favorite former SNL star (and the apple of Kanye West’s eye) Pete Davidson to do the apologizing for them. And […]
Uranium Bugs Should Think Long Term — With Lobo Tiggre
Returning to the Daily Dive is regular guest Lobo Tiggre, CEO of Independent Speculator. Lobo joins us today to share his insights on the week’s biggest headlines including Biden’s State of the Union Address, the US labor market, oil, and the impact of ChatGPT and AI. He then gives us his outlook on mining stocks […]
General Motors Mulls Stake In Brazilian Nickel Miner Vale
General Motors (NYSE: GM) has considered purchasing a stake in Brazilian miner Vale SA’s base metals segment, which mines and processes nickel and other metals used in the production of electric car batteries. Vale announced in December that it would consider selling up to 10% of its stake in the company, without specifying a price. […]
Disney Shares Rally After Beating Q1 2023 Estimates, Announcing 7,000 Job Cuts
The Walt Disney Company (NYSE: DIS) has announced a massive corporate restructuring that will result in the layoff of 7,000 individuals as part of an effort to save $5.5 billion in costs. The layoffs are projected to constitute 3.6% of Disney’s global workforce. “While this is necessary to address the challenges we’re facing today, I do […]
Prime Meridian Enters Option Agreement For Cuatro Hermanos Copper Project
Prime Meridian Resources (TSXV: PMR) has formally entered into an option arrangement to acquire a 100% interest in the Cuatro Hermanos porphyry copper project, which is also referred to as the 4H Project. Located in Sonora, Mexico, the property currently boasts a historic resource with both copper and molybdenum mineralization. Amount to 8,125 hectares of […]
Robinhood Loses $57 Million On “Processing Error,” Plans To Buy Back Sam Bankman-Fried’s 55 Million Shares
A “processing error” regarding a $53-million healthcare company has made Robinhood Markets (NASDAQ: HOOD) record a $57-million loss in its Q4 2022 financials. Chicago-based healthcare firm Cosmos Health (NASDAQ: COSM) announced its plan to conduct a 1-for-25 reverse stock split one Friday back in December and implemented it hours later, leaving trading portals unprepared. The […]
Bitfarms Reaches $7.8 Million Settlement On $21 Million Debt Facility
It appears that a gamble by Bitfarms Ltd (TSX: BITF) to default on its debt as a means of renegotiating a loan has paid off handsomely for the company. In mid-January, the firm indicated via press release that it was considering defaulting on a loan between Backbone Mining Solutions, a subsidiary of the Bitfarms, and […]
Bard Overboard: Why Microsoft Bing Finally Has A Chance In The Search Engine Race
The sudden ubiquity of AI-powered search has launched a tight race between the world’s tech giants that a snafu made in the interest of speed cost one of the giants $100 billion in valuation. Alphabet’s (NASDAQ: GOOGL) Google introduced its AI chatbot Bard on Monday, a competitor to Microsoft-backed OpenAI’s ChatGPT that will be “more […]