WeWork Quietly Announces Plans For 300 Job Cuts
WeWork Inc (NYSE: WE) is the latest firm to reveal it will be conducting layoffs. The company covertly made the announcement within a news release focused on providing a date for its fourth quarter financial results. A total of 300 employees are expected to be laid off from the firms global workforce, which amounts to […]
Patriot Battery Metals Hits 2.12% Li2O Over 156.9 Metres
Patriot Battery Metals (TSXV: PMET) yesterday saw it fit to halt trading in the final hour of the day, before releasing the latest drill results from its flagship Corvette Property, which is found in the James Bay Region of Quebec. With two minutes to go during the regular session, the company reported “the highest grade […]
Virginia Axes Ford’s EV Battery Plant Plans Over Partnership With Chinese-Owned CATL
Virginia Governor Glenn Youngkin has rejected Ford Motor Co’s (NYSE: F) investment to build a battery plant that would support its electric vehicle production targets, citing the latter’s involvement with Chinese battery manufacturer Contemporary Amperex Technology Co. Ltd. (CATL). “While Ford is an iconic American company, it became clear that this proposal would serve as […]
Jagmeet Singh Virtue Signals to the Working Class Whilst Sporting a Rolex Watch
In preparation for the return of the House of Commons this month, NDP leader Jagmeet Singh is taking aim at the Liberals and Conservatives, accusing Prime Minister Justin Trudeau and Conservative leader Pierre Poilievre over failing to stand up for working-class Canadians during a time of unprecedented inflation and price-gouging. In an address to his […]
Russia Shuns US Dollar, Wants to Trade With Africa in Local Currencies Instead
Russia continues to turn its back on the US dollar, and is in the midst of devising a new strategy to conduct settlements with Africa in local currencies. As cited by RT News, Russian Foreign Minister Sergey Lavrov announced on Wednesday that Moscow and Africa are actively in the midst of cutting the US dollar […]
EXPLAINED: FTX vs. Sam Bankman-Fried On Crypto Firm’s Real Financial Standing
FTX debtors confirms $415-million hack and shortfall of customer funds but Sam Bankman-Fried insists the shortfall “claims are wrong.” Court filings by the restructuring team at the defunct crypto exchange FTX have shed more light into the financial position of the firm, essentially claiming that there are “material shortfalls” in customer funds for both the […]
Twitter Revenue Falls 40% As 500 Advertisers Leave, So Elon Musk Goes Content Sponsorship
A senior Twitter manager told employees that the company’s daily revenue on Tuesday was 40% lower than the same day a year ago, highlighting the crisis facing its primary advertisements business. According to a person familiar with the discussion, Siddharth Rao, an engineering manager overseeing the engineers working on Twitter’s ad business, told colleagues in […]
Tech Names Top Layoffs In Past Year As Job Cuts Continue
Tech names are leading the pack of companies who have had massive layoffs in the last 12 months, with more firms bound to cut more jobs as the year continues. Amazon.com (Nasdaq: AMZN), which tops the list with its 18,000-job cut announced in December, is ready to begin a round of layoffs. The most recent […]
Was Greta Thunberg’s Detainment In Germany Staged?
Climate activist Greta Thunberg is currently taking some heat for allegedly faking her arrest at a protest in Germany on Tuesday. Thunberg was among the hundreds who protested the demolition of a village in western Germany over the weekend. The abandoned village of Luetzerath will be demolished to make way for the expansion of a […]
When Is The Next Record High For Gold? — with Jeffrey Christian
Returning to the Daily Dive today is Jeffrey Christian, founder & managing director of the CPM Group. Jeffrey sits with us this afternoon to talk about what’s making headlines these days: the US debt ceiling drama, the likelihood of a recession, the EU banning Russian oil products, and private crypto. He also jumps into his […]