JPMorgan Chase vs. Frank, Explained
The world’s biggest bank duped by a student loan startup in an expensive $175 million deal–with a Forbes 30 Under 30 honoree at the center. JPMorgan Chase (NYSE: JPM) shut down on Thursday the website of Frank, the college financial aid network it purchased for $175 million, citing allegations that the company’s 30-year old founder […]
Larry Summers Delivers Austerity Message While Reclining in Tropical Paradise
Former Treasury Secretary Larry Summers recently applauded the Federal Reserve for their stance on unemployment and inflation during an appearance on Bloomberg’s Wall Street Week. He stated that the Fed has come to realize that an increase in unemployment is necessary to control inflation; However, the location of his appearance— a beach surrounded by palm […]
Hydrograph: Revolutionizing Graphene Production – With Stuart Jara
Joining us today on The Daily Dive is Stuart Jara, CEO of HydroGraph Clean Power (CSE: HG). Stuart joins us for the first time to introduce us to HydroGraph, a company that specializes in the production of the material graphene. Within, he gives us a high level overview of the company before digging into what […]
OSFI Looks To Tighten Mortgage Underwriting Rules, Opens Public Consultation
The Office of the Superintendent of Financial Institutions (OSFI) launched a public consultation of Guideline B-20 on Residential Mortgage Underwriting Practices and Procedures on Thursday. The consultative document outlines addendum proposals to the current guidelines to mitigate mortgage lending risks. “Mortgage lending risks, particularly related to debt serviceability, have increased considerably since the onset of […]
The End Of ‘FTX Arena’: Miami-Dade County Changes Name to ‘the Arena’
A federal bankruptcy judge terminated the naming rights agreement between FTX and Miami-Dade County on Wednesday. The judge ruled that all mentions of the FTX brand will be stripped from the Heat’s home arena. The termination, “shall be effective immediately upon entry of this order,” US Bankruptcy Judge John T. Dorsey wrote. Miami-Dade requested to […]
SEC Charges Both Gemini And DCG’s Genesis For Unregistered Securities Sale With Earn Program
Just like what we said and expected, the battle between Digital Currency Group (DCG) and Gemini will end up in a legal skirmish–we just didn’t anticipate they’d be on the same end of a regulatory gun. The Securities and Exchange Commission (SEC) charged both Gemini and DCG’s subsidiary, Genesis Global Capital, on Thursday for “the […]
Cineplex Sees Q4 Box Office Results Hit Just 66% Of 2019 Numbers
Consumer habits are shifting, and the box office just ain’t what it used to be. Cineplex (TSX: CGX) appears to know this all too well, with the firm indicating this morning that the month of December saw its box office revenue figures achieve just 65% of what it mustered in December 2019. Box office revenues […]
WWE Retains Strategic Advisors Amid Rumored Sale To Saudi Arabia
WWE (NYSE: WWE) has formally hired outside counsel to assist in its process of analyzing strategic alternatives for the company. The development follows the exit of co-CEO Stephanie McMahon and the return of former CEO Vince McMahon over the course of the last week. The return of Vince McMahon was revealed exactly one week ago, […]
Bitfarms Considers Defaulting On $20 Million Loan To Renegotiate Debt
In further crypto contagion, Bitfarms Ltd (TSX: BITF) this morning revealed that it is undergoing financial difficulties to some degree. The firm is currently considering defaulting on one of its equipment facilities as a means of entering renegotiation discussions. The loan in question is an equipment financing facility entered into in February 2022 with BlockFi […]
Romanian Court Denies Andrew Tate’s Appeal for Release, Authorities Announce New Raids
On Tuesday, a court in Romania’s capital Bucharest rejected Andrew Tate’s appeal against his detention, ruling that the influencer must remain in custody for the full 30 days as authorities continue to investigate. On Thursday, Romanian authorities announced fresh raids related to the investigation. Tate, along with his brother Tristan and two female Romanian nationals, […]