BRICS Summit Raises Possibility of Petrodollar Replacement
The BRICS countries – Brazil, Russia, India, China, and South Africa – will discuss creating a common currency at a summit in August in South Africa, according to Russian Foreign Minister Sergey Lavrov. He said that “serious, self-respecting countries” are well aware of what is at stake, and want to create their own mechanisms to […]
Zellers Is ~Rolling Out~ Its Diners And Canadians Get To Vote On The Menu
Zellers is definitely back, and the restaurants are, too, just with wheels this time. Parent company Hudson’s Bay Co (HBC) on Friday announced that Zellers will be rolling out a fleet of food trucks to welcome customers at the first locations opening in the spring. The trucks, which will serve as a pop-up version of […]
Silvergate Capital Suspends Dividend To Save $2.7 Million A Quarter
The end appears to be near for Silvergate Capital (NYSE: SI), whom is focused on providing “innovative financial infrastructure solutions” to the crypto community. The firm this morning suspended a dividend in light of its cash struggles. As of this morning, payment of dividends on outstanding 5.375% Fixed Rate Non-cumulative Perpetual Preferred Stock, Series A, […]
Uranium: Will Rosatom Be Sanctioned After Reports Of Supplying Military Hardware To Russia?
Rosatom, Russia’s state-owned nuclear conglomerate, has been working to supply Russia’s military with components, technology, and raw materials for missiles, according to The Washington Post. The materials were sent to weapons makers that sell to Russia’s military, and presumably some of those missiles have been deployed in Russia’s war against Ukraine. While this news is not […]
Chrystia Freeland Reassures Canadians Economy is Not in a Recession – Despite Evidence Suggesting Otherwise
Chrystia Freeland is so adamant on keeping her promise to spend more money, that she’s now gaslighting Canadians into believing the economy is not barreling towards a recession— and that it certainly isn’t in one already. Despite decades-high stubborn inflation, a continued increase in interest rates, and increasingly-grim projections of a substantial GDP growth slowdown, […]
Courts Side With Banks, Reject Class Action Against Unearned Brokerage Fees
Ontario Superior Court Justice Edward Belobaba dismissed an application to certify a class-action lawsuit against seven Canadian discount brokerages. The suit alleges that investors were overcharged billions of dollars for services they did not receive. According to the proposed class action suit, discount brokers have improperly collected approximately $5 billion in “trailing commissions,” which are […]
‘Pharma Bro’ Martin Shkreli Refuses to Cooperate With New FTC Investigation
The Federal Trade Commission (FTC) has asked that Martin Shkreli, also known as “pharma bro,” be held in contempt for refusing to cooperate with authorities regarding a probe into whether he breached a court order banning him from conducting business in the pharmaceutical industry. Back in 2017, Mr. Shkreli was convicted of securities fraud regarding […]
NY AG to Probe MSG Entertainment Over Lawyer Ban and Use of Facial Recognition Technology
The office of New York attorney-general Letitia James is looking into allegations of civil rights law violations against MSG Entertainment (NYSE: MSGE), which operates Madison Square Garden, Radio City Music Hall, among other venues and restaurants. The owners of the company have reportedly used facial recognition technology to turn away lawyers employed by firms involved […]
BBBY: Bed Bath & Beyond Considers Bankruptcy Filing After Defaulting On Debt
Home goods retailer Bed Bath & Beyond (NASDAQ: BBBY) indicated in a filing today that it is considering filing for bankruptcy following the firm defaulting on a credit facility earlier this month. The revelation follows reported discussions earlier this month between the company and lenders for a bankruptcy loan. Bed Bath & Beyond reportedly triggered […]
The Typo That May Cost Fortuna Silver The San Jose Mine
In what could be one of the costliest typographical errors in mining history, Fortuna Silver Mines Inc. (NYSE: FSM) found itself having to re-litigate the environmental impact authorization (EIA) to operate its San Jose mine in Oaxaca, Mexico. The silver and gold-producing underground mine is operated by Fortuna’s wholly-owned Mexican subsidiary Minera Cuzcatlán. The mine has […]