Lithium Americas: Thacker Pass Gets A Credibility Boost With GM Investment
On Tuesday, Lithium Americas Corp. (TSX: LAC) made two significant and interconnected announcements related to its Thacker Pass lithium project in the U.S. state of Nevada. First, General Motors (NYSE: GM) agreed to invest US$650 million in Lithium Americas in a two-stage transaction conditioned on a constructive federal court ruling on the venture. In exchange, GM would have exclusive access […]
Retail Investors Are Changing The Markets
Through February 2, the high-risk Nasdaq Composite gained 16%, its best performance over the first 33 calendar days of a year since 1975. These year-to-date 2023 gains are based primarily on a belief that the Federal Reserve will not only stop raising short-term interest rates within months but begin cutting rates before the end of 2023, […]
Is It Wise To Sanction Russia’s Uranium?
As the Russia-Ukraine war approaches its first anniversary, the European Parliament has called on EU members to impose a tenth package of sanctions against Russia as soon as possible, as well as to prohibit European firms from importing uranium from Moscow. Russian enterprises that are still present in the European market, such as Lukoil and […]
Americans Are Drowning In Credit Card Debt Thanks To Rising Interest Rates
Americans are increasingly relying on borrowing money to make ends meet. So much so, that credit card debt has soared to the highest on record, as expensive necessities such as food and shelter are no longer attainable with ordinary disposable income. The latest report from TransUnion showed that Americans racked up a record $930.6 billion […]
Balloon Popped! Chinese Spy Balloon Plummets after Being Hit by U.S. Fighter Jet
The afternoon the US military took down a suspected Chinese surveillance balloon that has been floating across the United States. The FAA issued a ground stop in parts of North Carolina and South Carolina on Saturday afternoon to support the Department of Defense in a national security effort. The high-altitude balloon was initially spotted over […]
How Loblaws’ Galen Weston Doubled His Wealth At Your Expense
Galen Weston Jr. has generated massive wealth during the pandemic while trying to PR us into thinking he is ‘the billionaire for the people.’ Not to mention avoiding taxes via offshore vehicles and fighting employees’ potential to earn a live-able wage at every turn. Here’s how. Have you been to a Loblaw-owned store lately? People […]
Coffezilla Paid Dillon Danis To Promote Fake NFT That Links To His Past “Scams” – And He Did
In his crusade to uncover crypto scams, YouTube channel Coffeezilla, run by Stephen Findeisen, is at it again–this time, tricking MMA fighter Dillon Danis to promote a fake NFT project that leads to a website “devoted to all the scams he’s done in the past.” “We just tricked Dillon Danis into promoting a fake NFT […]
Rate Hike Effect: 1 In 3 Mortgage Owners Believe They’ll Have To Sell In 10 Months
According to a new Yahoo Canada/Maru Public Opinion poll, one-third (35%) of homeowners with a financial encumbrance believe they won’t be able to ride out the latest Bank of Canada prime lending rate hike to 4.50% for more than 9.7 months. This means a third of mortgage borrowers believe they would be forced to sell […]
Silvergate Shares Rebound Slightly Despite DOJ Fraud Investigation
According to persons familiar with the situation, US prosecutors in the Justice Department’s fraud unit are investigating Silvergate Capital (NYSE: SI) and its links with defunct crypto giants FTX and Alameda Research. The crypto-friendly bank has not been accused of any crime, and the investigation, which is still in its early stages, may terminate without charges […]
US Nonfarm Payrolls Skyrocket Past Expectations Thanks to Methodology Mess
Despite the constant stream of layoffs becoming the norm of the new year, the American labour market somehow continues to outperform even the most generous of expectations, to the awe of everyone, even the BLS itself. The latest BLS report showed that January nonfarm payrolls skyrocketed by 517,000 jobs, substantially surpassing December’s upwardly revised 260,000 […]