Former FTX In-House Lawyer Joins List Of Execs Turning On Sam Bankman-Fried
FTX’s former in-house lawyer Daniel Friedberg has helped US prosecutors in their investigation into the crypto firm’s demise, bolstering the government’s case against the founder Sam Bankman-Fried. According to a source who spoke to Reuters, Friedberg discussed FTX at a meeting with two dozen investigators on November 22. During the conversation, he told authorities what […]
Tesla Jumps After Fan Filed Boat, Airplane Trademark On Firm’s Behalf
A Tesla (Nasdaq: TSLA) fan claimed to be behind an application to extend the automaker’s trademark for usage in boats and planes. Once approved, the electric vehicle maker may expand into areas such as electric motors “not for land vehicles,” according to a filing with the US Patent and Trademark Office on December 28. The […]
Petition Calls For BC Government To Go After Teck Resources
An organization called Save Elk River has started an online petition to urge the British Columbia government to take action against mining giant Teck Resources (TSX: TECK.A, TECK.B) to look into the impact of its coal mines on the Elk River. The petition seeks to get the BC government to give a referral to the […]
US Government Seizes Sam Bankman-Fried’s $460 Million Robinhood Stake Tied To FTX
The US government is in the middle of seizing around $460 million-worth of Robinhood Markets (Nasdaq: HOOD) shares as part of the fraud prosecution against collapsed crypto exchange FTX founder Sam Bankman-Fried, lawyers said in court Wednesday. According to James Bromley, a lawyer managing the primary FTX insolvency case in the US, the government is […]
Magna Mining Hits 31 Metres Of 4.0% Nickel At Crean Hill
Magna Mining (TSXV: NICU) released its latest assay results from a drill program that began back in November at its Crean Hill project, found near Sudbury, Ontario. The firm this morning is reporting that it has intersected high grade nickel mineralization within the historic Crean Hill Mine. The latest assay results come from hole MCR-22-005, […]
Pyrogenesis CEO Peter Pascali Files To Sell 850,000 Shares
Pyrogenesis Canada (TSX: PYR) CEO Peter Pascali is looking to start the year off with a bang. Last night after market close, Pascali filed a Form 45-102, which relates to the planned sale of securities. Pascali intends to continue his seemingly endless trend of selling off company stock, with the latest filing indicating he intends […]
Is the Federal Reserve Worried Markets Aren’t Taking its Aggressive Policies Seriously?
The take-home message from the Federal Reserve’s December policy meeting suggests policy makers are growing concerned over risks to the economy, whilst frustrated with the market’s lack of seriousness when it comes to the central bank’s resolve. After hiking borrowing costs 50 basis points on December 14, market expectations moved into hawkish territory, particularly after […]
Tesla Amends Lithium Deal With Piedmont Lithium
Piedmont Lithium (Nasdaq: PLL) stated on Tuesday that it has revised its deal with Tesla (Nasdaq: TSLA) to supply the automaker with spodumene concentrate (SC6), a high-purity lithium ore with a lithium content of roughly 6%. In the new agreement, Piedmont will deliver 125,000 metric tons of SC6 to Tesla beginning in H2 2023 and […]
Amazon Prepares to Cut 18,000 Jobs as E-Commerce Demand Wanes
Amazon is feeling the freeze as demand for online shopping wanes. The e-commerce giant is embarking on the biggest set of job cuts among any tech company, with layoffs slated to begin over the next several weeks. According to people cited by the Wall Street Journal, Amazon is planning to lay off over 18,000 of […]
Binance Deal To Buy Voyager Faces Looming Threat Of US National Security Review
Binance’s plans to acquire what remains of the bankrupt crypto lender Voyager Digital could be delayed or blocked as the US Committee on Foreign Investment in the United States (CFIUS) lodged its national security concerns on the deal. In a court filing on Friday, CFIUS said that its review “could affect the ability of the […]