People’s Bank of China Adds 15 Tonnes Of Gold To Reserves
China’s central bank bought even more gold last month, as it looks to strengthen the yuan and ditch the US dollar. The People’s Bank of China allegedly purchased an additional 15 tonnes of gold in January, after already buying 32 tonnes and 30 tonnes of the precious metal in December and November, respectively. “This takes […]
Scotts Miracle-Gro Subsidiary Sues TerrAscend’s Jason Wild For Violating Federal Law
The Scotts Miracle-Gro Company (NYSE: SMG) subsidiary Hawthorne has sued cannabis operator TerrAscend Corp (CSE: TER) and its executive chairman Jason Wild, alleging that it attempted to “ruin” the lawn and garden affiliate’s $175 million stake in a cannabis industry acquisition firm. US investment firm JW Asset Management (JWAM)–which owns 40% of TerrAscend, making it […]
Oil Is Going To Go Higher & Gold Will Hit New Highs — With Bubba Horwitz
Returning to the Daily Dive today is Todd “Bubba” Horwitz, founder and CEO of BubbaTrading.com. Bubba sits down with us this afternoon to give us his (hot) takes on what’s going on in the macro environment, particularly oil and the government’s January jobs report. We also discuss the end of the petrodollar, Ghana’s oil for […]
Adam Neumann Finally Explains Flow (And It Just Sounds Like A Modified Airbnb)
Former WeWork CEO Adam Neumann wanted to “solve” the shelter problem and disrupt the “world’s largest asset class,” stemming from his downfall from the coworking spaces firm. Aside from the announcement that the unidentified venture secured $350 million investment from Andreessen Horowitz, the project has been kept under wraps for months. READ: WeWork To WeHome? Adam […]
US Navy Recovers Downed Chinese Spy Balloon
The United States Navy has recovered the suspected Chinese spy balloon, or at least most of it, in the Atlantic Ocean, off the coast of Myrtle Beach, South Carolina. Photos released by the Navy show the explosive disposal team pulling what remains of the deflated balloon onto a boat on Sunday. The recovered debris will […]
Russia Mulls One-Time 200-Billion Ruble Tax From Businesses As Oil Revenues Decline
Russia is considering imposing a one-time, voluntary windfall tax on large corporations, an official said on Wednesday, as the country’s monthly oil and gas revenues plummet to their lowest levels since 2020. According to three sources familiar with the discussions, authorities were discussing a one-time budget contribution from enterprises of around 200-250 billion rubles ($2.8-$3.5 […]
Unusual Whales ETFs: Trade Like A Member Of Congress
Two new exchange-traded funds (ETFs) hit the market on Tuesday, and they’re going to let you trade like your favorite people in Congress — whichever side you’re on. The ETFs, called Unusual Whales Subversive Democratic Trading ETF (NANC) and Unusual Whales Subversive Republican Trading ETF (KRUZ), will follow the portfolios of stock-loving lawmakers like former […]
Microsoft Equips Bing With ChatGPT: “The Race Starts Today”
Microsoft Corp (NASDAQ: MSFT) fired the first shot in the race for an AI-enabled search engine after it announced it is overhauling Bing with OpenAI’s ChatGPT technology, confirming reports earlier in the year of employing AI capabilities into the tech firm’s product. READ: Microsoft Partners with OpenAI for ChatGPT-Powered Version of Bing The Washington-based tech […]
Turkish Stock Market Halts Trading Following Massive Sell-Off
The Turkish stock exchange suspended trading on Wednesday, following market turmoil in wake of two devastating earthquakes that wreaked massive damage and casualties across the region. The benchmark Borsa Istanbul 100 Index was halted for the first time in 24 years, after dramatically sliding over 7% at the start of Wednesday morning’s trading session. “Our […]
First Phosphate Reports Grab Sample Assays As High As 20.52% Phosphate
The latest assay results are in for First Phosphate related to a recent surface sampling program conducted at the firms Bégin-Lamarche project in the Saguenay-Lac-St-Jean region of Quebec. The results are said to have resulted in a new discovery while providing further drill targets for a planned program. “Extended analysis of the Begin-Lamarche property continues […]