Massive COVID Outbreaks In China Seem Certain To Ripple Through Global Economy
North American equity markets have so far largely ignored the rapid and enormous COVID outbreak in China that has engulfed the country after the abrupt removal of zero-Covid controls in early December. Amazingly, a senior Chinese health official on December 21 estimated that 250 million people, 18% of the population, were infected in just the first […]
US Pending Home Sales Plummet By Most on Record
The US housing market is in trouble: despite new home sales doing better than expected, not only did last month’s existing home sales crash— but pending home sales are faring even worse. The latest report from the National Association of Realtors (NAR) shows pending home sales fell for the sixth straight month across all regions, […]
Toronto Airport Baggage Backlog: Passengers May Not Be Reunited With Their Luggage Until After Their Vacation
Holiday season chaos at Toronto Pearson has left many passengers flying to their destinations without their luggage. These passengers are finding out now that they will likely have to wait until after their vacation before they can be reunited with their baggage. Photos from Terminal 3 of the Pearson Airport from earlier in the week […]
Competition Tribunal Approves Rogers-Shaw Merger Despite Considering Network Outage
The Competition Tribunal is dismissing the case put forth by the Competition Bureau to challenge the pending Rogers Communications (TSX: RCI.B) and Shaw Communications Inc. (TSX: SJR) merger, clearing another hurdle for the 20-month long deal to push through. “The Tribunal has determined that the proposed transactions and ancillary agreements comprising the arrangement are not likely […]
Will SBF’s Story Be The Next ‘The Big Short’?
Michael Lewis, author of “The Big Short,” “Moneyball,” and “The Blind Side” has acquired the book rights to the story of disgraced former FTX CEO Sam Bankman-Fried. Lewis was reportedly in a meeting with Bankman-Fried at the fallen crypto mogul’s parents’ home in Palo Alto where he’s being detained after his $250 million bail bond. […]
Is Nickel Back?
The year 2022 was turbulent for nickel, marked by sharp surges and an exchange meltdown. But with the metal’s price poised for a comeback, will 2023 be the year of nickel? Nickel futures are trading above $30,000 per tonne, as the metal pushes out of a glut its experienced since early May. Year-to-date, the metal’s […]
Andrew Tate Arrested in Romania After Feud with Greta Thunberg
This afternoon a report from Romanian outlet Libertatea has circulated around social media that Andrew Tate’s home in Pipera has been raided by Romanian police in relation to the abduction of two girls. Now, Tate and his brother have both been taken into custody. Reports have surfaced that the feud between Greta Thunberg and Andrew […]
Kosovo-Serbia Conflict: The Budding War Ignited By Car License Plates
Kosovo closed its main border crossing with Serbia on Wednesday after demonstrators on the Serbian side blocked it in solidarity with their ethnic kin in Kosovo who refuse to recognize the country’s independence. This follows after the Serbian army says it is at its “highest level of combat readiness,” with Serbian President Aleksandar Vucic saying […]
2022: The Year of the Russian Oligarch
High-profile Russian businessmen have been making a lot of headlines in 2022. With Russia’s unprovoked invasion of Ukraine, many oligarchs were hit by Western sanctions, and some lost their superyachts, jets, and football teams. Other oligarchs, though, were a lot less fortunate. As of this writing, at least 26 Russian businessmen have died under suspicious […]
Changpeng Zhao: “Binance.US Accepts International Clients”
In a recent twitter “ask me anything” (AMA), Binance chief Changpeng Zhao admitted that Binance.US accepts international clients, shedding some light on whether the American counterpart’s assets are commingled with the global exchange. “The recent [Binance] US to Binance.com international transactions… Binance.US accepts international clients,” said Zhao. “They are market makers that work on both, […]