PELOSI Act: Senator Josh Hawley Introduces Bill That Bans Lawmakers from Holding and Trading Stocks
Senator Josh Hawley believes members of Congress shouldn’t dip their toes in the stock market. Also, he’s pretty good at making acronyms. The GOP senator on Tuesday reintroduced his bill to ban lawmakers from holding or trading individual stocks, this time calling it the Preventing Elected Leaders from Owning Securities and Investments Act, or the […]
“US Equities Are Nowhere Close to Bottom” — With Patrick Karim
Joining us today on the Daily Dive for the first is chart trader Patrick Karim, founder of BadCharts.com and co-founder of NorthStarBadCharts.com. Patrick sits down with us this afternoon to share his insights on where he sees capital flowing and which asset classes we should be watching. He then provides his read on US equities, […]
Tighter Lumber In 2023: Canfor Announces 750 Million Board Feet Reduction
Chicago lumber futures rose above the $450 per thousand feet mark, approaching its highest level since October 2022, boosted by tight supplies and the prospect of a demand recovery. This follows after the commodity hit its two-year low as demand for housebuilding drops stemming from the heated interest rate environment. The tightening of the lumber […]
Tesla Math: How The EV Maker Presented Q4 2022 Financials Better Than They Actually Are
Amid all the controversies its chief executive is embroiled in, Tesla (Nasdaq: TSLA) mustered to announce its Q4 2022 financials yesterday after the close of markets. The quarter notched $24.32 billion in revenue, up from both Q3 2022’s $21.45 billion and Q4 2021’s $17.72 billion. The company said in its presentation that Q4 2022 was “another […]
State Senator Wendy Rogers Proposes to Make Bitcoin Legal Tender in Arizona
Arizona State Senator Wendy Rogers on Wednesday introduced a set of bills that seek to make bitcoin legal tender in Arizona and allow state agencies to accept bitcoin. If passed, bitcoin will be recognized as a legal form of currency in the state, allowing for it to be used in all transactions with the state […]
Donald Trump’s Facebook and Instagram Suspension Will Soon Be Lifted, But With ‘New Guardrails’
Meta Platforms, Inc (Nasdaq: META) will be ending former President Donald Trump’s Facebook and Instagram suspension “in the coming weeks,” according to an announcement from Nick Clegg, the company’s president of global affairs. The decision follows an “unprecedented” two-year suspension that started on January 7, 2021. Trump’s accounts on the two Meta-owned platforms were suspended […]
Power Nickel Offsets Carbon For 40,000 Metres Of Drilling
Power Nickel (TSXV: PNPN) is looking to set itself apart from other mineral explorers. The firm this morning revealed that it has taken efforts to offset its carbon footprint in connection with ongoing exploration at its properties. The company has reportedly retained the services of Karbon-X Corp to obtain 159 Verra carbon credits as a […]
Curaleaf To Exit Most Operations In California, Oregon And Colorado Immediately
The protracted bear market in the cannabis sector is beginning to impact tier one operations, with Curaleaf Holdings (CSE: CURA) this morning formally announcing its exit from three separate markets. The closures come as the company looks to cut costs in an industry where it is increasingly difficult to access cost effective capital. As the […]
Emergent Metals Makes Copper Discovery At New York Canyon
Emergent Metals (TSXV: EMR) has made a new discovery at its New York Canyon Property, found in Nevada. The company this morning is reporting that recent exploration conducted on the property has identified a new copper target, referred to as the Emma Target. The new target is found on the north block of claims for […]
Hut 8 Mining Takes North Bay Facility Dispute To Court
The dispute between Hut 8 Mining (TSX: HUT), and its power provider at its North Bay, Ontario bitcoin mining facility has evidently reached an impasse. The firm this morning indicated that it has filed a Statement of Claim in the Superior Court of Justice of Ontario. The claim has been filed against Validus Power Corp, […]