Putin Critic ‘Falls’ Off Building While On Vacation In India
One of Russia’s wealthiest lawmakers has died while on vacation in the Rayagada region of Odisha in India. His death comes just days after one of his companions reportedly died from a heart attack. Pavel Antov was in India with three companions to celebrate his 66th birthday. The so-called sausage tycoon was the multi-millionaire founder […]
Moonstone Bank Now Confirms FTX’s Account
Moonstone Bank, formerly Farmington State Bank, has been forced to confirm the existence of an account in their ledgers held by the now-bankrupt crypto exchange FTX. This follows after the bank’s chief digital officer Janvier Chalopin relayed that the $11.5 million infused by FTX’s sister hedge fund Alameda Research was a “seed funding… to execute […]
Amazon Begins Drone Delivery A Night Before Christmas Eve
Amazon (Nasdaq: AMZN) on Friday has officially begun Prime Air drone deliveries to customers in Lockeford, California, and College Station, Texas. Customers in Lockeford and College Station, once “onboarded,” will be able to order from a list of Prime Air-eligible items on Amazon. Much like other app-based delivery services, they would receive an estimated arrival […]
“Elon Musk Will Win The Presidential Election” And Other 2023 Predictions By Ex-Russian President
The Russian Security Council’s current deputy chair is predicting the Twitter chief will win the US presidential election in some states despite the South Africa-born billionaire being ineligible to run. Former Russian President Dmitry Medvedev is joining the bandwagon of making 2023 predictions—with some futuristic scenarios so drastic, one could wonder if a year is […]
Kyle Bass: China’s Covid-19 Policies Are All Part of Xi’s Plan to Reunify China
Appearing on podcast Forward Guidance last week, Hayman Capital founder Kyle Bass gives his take on everything China, and drops a bombshell hypothesis on China’s stringent Covid-19 restrictions. Bass, a well-known China hawk, is stipulating China’s economy isn’t faring as well as the Chinese Communist Party is making it out to be. The US hedge […]
Waymo Expands 24/7 Driverless Service In Phoenix
Alphabet Inc’s (Nasdaq: GOOGL) self-driving platform Waymo recently began offering its driverless service to the public in Phoenix, Arizona. “The only autonomous airport service of its kind in the world” is available for rides between the Phoenix Sky Harbor International Airport and the city’s downtown area, “round the clock with no human driver.” The service […]
FTC Vs. The Microsoft-Activision Deal, Explained
The commission is concerned that Activision’s titles, particularly its leading franchise Call of Duty, will be made exclusive to Xbox–a concern Microsoft said it already addressed in a ten-year extension proposal to keep the game available on Playstation, a deal Sony refuses to take. Saying Microsoft’s (Nasdaq: MSFT) $68.7 billion acquisition of Activision Blizzard (Nasdaq: ATVI) […]
MediPharm Labs, Vivo Cannabis Slump After Announcing All-Stock Deal
MediPharm Labs (TSX: LABS) announced on Thursday an all-equity deal to acquire VIVO Cannabis (TSX: VIVO). The merger is expected to create a cannabis firm with over $50M in annualized revenue, based on Q3 2022 financials. Within 12 months of the transaction’s closure, the pro-forma combined company is estimated to generate positive EBITDA of $7M […]
Sinking ARK: Cathie Wood’s Fund Lost $50 Billion So She Bought Some More Shares
Ark Investment Management’s Cathie Wood increased her holdings in Tesla (Nasdaq: TSLA) and Coinbase Global (Nasdaq: COIN), demonstrating her belief in electric vehicles and cryptocurrencies as major trends for the future. According to Bloomberg data, a variety of Ark Investment Management funds, including Wood’s flagship Ark Innovation ETF, purchased nearly 75,000 shares of the carmaker […]
Chrystia Freeland Wants $2 Billion+ For Non-Existent ‘Green’ Corporation
Finance Minister Chrystia Freeland has quite the ambitious plan for Canada’s transition towards a green energy future— so ambitious in fact, that she wants to prematurenly spend over $2 billion of Canadian taxpayers’ funds to buy shares of a company that doesn’t even exist yet. Neatly tucked away in the Liberal government’s 172-page budget bill […]