Canadians Aren’t Shopping: Retail Sales Down by Most in 11 Months
Thanks to persistently high inflation rapidly eroding away at their wallets, Canadians are avoiding shopping, particularly for food. Consumers are forced to make some tough sacrifices in the current inflationary environment. So much so, they are cutting spending even on necessities such as groceries. Latest data from Statistics Canada shows retail sales slumped 0.1% to […]
$3,000 Gold In 2023? – With Rob McEwen
Gold mining industry leader Rob McEwen shares his expert insights on inflation, the Bank of Japan’s impact, the copper market, and the future of McEwen Mining in this exclusive interview with SmallCapSteve. Rob McEwen is a well-known figure in the mining industry, with a career spanning over three decades, and is known for his ability […]
Netflix Q4 2022: Memberships Rose, Income Slumped, CEO Steps Down
Netflix (Nasdaq: NFLX) reported its Q4 2022 financials, headlined by $7.85 billion in revenue. This is a decrease from Q3 2022’s $7.93 billion but an increase from Q4 2021’s $7.71 billion. “Revenue was slightly above our beginning-of-quarter projection, as paid net adds of 7.7M (vs. 8.3M in Q4’21) came in higher than our 4.5M forecast, due […]
Tory MP On Canada Signing A World Economic Forum Charter: “Why The Secrecy?”
As the World Economic Forum (WEF) prepares to wind down its annual meeting in Davos, Switzerland, Haldimand-Norfolk MP Dr. Leslyn Lewis questioned a charter signed by Canada in 2020 that stemmed from a WEF-OECD panel on agile governance. While the international lobbying organization touted it to “unlock the potential of emerging technology,” the charter also […]
FTX’s Former In-House Lawyer Said FTX US Is Solvent, So Why Did It File For Bankruptcy?
As if the fallen crypto exchange FTX’s bankruptcy proceedings isn’t enough of a legal kerfuffle, the law firm representing the company is now aiming to defend being retained as counsel after formal objections have been lodged against their undisclosed conflict of interest. The bankruptcy watchdog of the U.S. Department of Justice has requested Judge John […]
Tokens.com Reports Funds Tied Up With Genesis Global.. How Much Is A Different Question
Tokens.com Corp (NEO: COIN) was one of the first publicly traded firms this morning to report on impacts from the bankruptcy filing made late last night by Genesis’ lending arm. The company reported that it has collateral posted with the firm in connection with a loan outstanding. Total collateral posted by the company.. appears to […]
Genesis’ Lending Arm Formally Files For Chapter 11 Restructuring
The seemingly inevitable has finally happened. Late last night, Genesis Global Holdco formally announced that it had filed for voluntary Chapter 11 restructuring. The goal of the filing is said to be to “further advance ongoing stakeholder discussions and optimize outcome for Genesis clients and Gemini Earn users.” As part of the filing, Genesis Global […]
Texas Gov. Greg Abbott To Ban Land Ownership for Entities from ‘Hostile’ Countries
Texas Governor Greg Abbott has vowed to sign legislation that would ban entities from China, Russia, North Korea, and Iran from owning land in the state. The bill, Senate Bill 147, was filed by Republican State Senator Lois Kolkhorst, and it aims to “prohibit any future purchase of or otherwise acquiring title to real property […]
Wyoming Lawmakers Want to Ban Electric Vehicles by 2035
The state of Wyoming is putting its foot down when it comes to the electrification movement that is sweeping the country. So much so, in fact, that lawmakers proposed a bill to ban the sale of electric vehicles in the state, concurrently as other states ban the sale of cars with internal combustion engines. As […]
US Jobless Claims Unexpectedly Drop in January
Applications for jobless benefits unexpectedly dropped last week, as US firms remain unwilling to reduce their workforce. Latest data from the Department of Labour showed that initial jobless claims fell by 15,000 to 190,000 for the week ending on January 14, against economists’ forecasts calling for 214,000 unemployment applications. Continuing claims, which count the number […]