SEC’s Adverse Decision on Payment for Order Flow Negatively Impacts Robinhood
On December 14, the U.S. Securities and Exchange Commission (SEC) voted to implement perhaps the biggest regulatory change in stock market trading in nearly twenty years. The long-rumored new rules represent a significant obstacle for Robinhood Markets, Inc. (NASDAQ: HOOD), as it threatens its core zero-commission business model. Votes on the most controversial provisions were 3-2 with […]
Peter Thiel-Led Group Has Reportedly Bid US$3 Billion for the Phoenix Suns of the NBA
Trying to understand the valuations that extremely wealthy individuals (who are also frequently savvy business owners/financiers) agree to pay for sports franchises is one of life’s mysteries. It must be pointed out of course that there are only so many NBA/MLB/NFL franchises, so scarcity considerations play a role in the price tags of the teams. However, that […]
BMO Says Natural Disasters are Bullish for Real Estate Investors
On December 16th, BMO Capital Markets provided their 2023 real estate services sector outlook. They say they cover many companies that operate and are affected in different ways in real estate. As a result, they have only reiterated an outperform rating on three names, Altus Group, Colliers, and Tricon Residential. They believe these three companies […]
BMO tells Canadian Real Estate Investors to Buckle Up
As we wrap up this crazy year and head into a highly uncertain 2023, BMO Capital Markets tries to provide some guidance for real estate investors with their 2023 Canadian real estate outlook. They start off the note by reassuring investors that the Canadian economy is likely entering a recession in 2023, saying that the […]
Elon Musk Restores Suspended Journalists’ Accounts Following Twitter Poll
It has been a chaotic 24 hours for Twitter and Elon Musk. On Thursday, The Twitter CEO suspended the accounts of several prominent journalists including writers from the NYT, Washington Post and CNN, arguing they allegedly breached rules about sharing an individuals’ live location. Following numerous outcries from the journalists’ employers, media organizations and even […]
Peter Aceto: Habitual Line Stepper
Feature image of Peter Aeto, and his 2015 book “Weology” borrowed from Speakers Spotlight. When Health Canada froze 5,000 kilos of product shipped and stored by Canadian licensed cannabis producer CannTrust Holdings in July of 2019, and began an investigation that would eventually result in the suspension of CannTrust’s license in September of the same […]
Binance Native Token Sent Plummeting as Investors’ Concerns Over FTX Bankruptcy Repercussions Mount
BNB, Binance’s native token, was sent into a freefall this week, losing about 15% of its value as investors grow concerned over the affect of FTX’s bankruptcy proceedings on the crypto exchange. The BNB token fell more than 6% over the last 24 hours, as the crypto community questions Binance’s ability to withstand a potential […]
Ford Bumps Up F-150 Lightning Price Once More, Base Now Up By $16,000
The price of electric vehicles seems to be heading in the wrong direction. The price of Ford’s (NYSE: F) F-150 Lighting has gone up again, for the third time this year, and is now selling at a starting price of US$55,974, according to a report by Electrek. The American carmaker’s electric pickup truck originally came […]
The Roast of Justin Trudeau: PM Tells Twitter Audience to Ask Him Questions, and The Responses Were Hilarious
In keeping up with the Christmas spirit, Canada’s prime minister gave Twitter an enjoyably hilarious gift: the roast of Justin Trudeau. Well, Trudeau didn’t exactly call it a roast, but did request his Twitter audience send in questions they have for him by responding to the post— “and then stay tuned!” We aren’t sure if […]
Mazars Removed Binance “Audit” Results From Website, Paused Work For Crypto Clients
Auditing firm Mazars seems to have deleted the page from its website that displayed the results of its Agreed-Upon Procedures engagement conducted for Binance. Binance has tapped auditing firm Mazars to release a report on the exchange’s BTC reserves, confirming what the firm released earlier that it has 101% reserve ratio, enough to cover customer […]