‘Let’s Keep Calm’: EToro Dismisses Bankruptcy Rumors
Amid all the wariness of crypto investors following the FTX contagion that took several crypto names, even the slightest aberrations to a firm’s operations can raise a potential red flag. Twitter user Matteo Flora posed the query on electronic trading platform eToro’s liquidity status upon learning that the CEO of Italian ambulatory service Centro Medico […]
Brazil Could Soon Let Private Companies Mine For Uranium
Brazil’s lower house has approved a constitutional amendment that will open up the country’s uranium sector to private participation. All activities related to the exploration and mining of commodities used in generating nuclear power are currently exclusively controlled by the state-run Indústrias Nucleares do Brasil (INB). The amendment, which needs to be approved by the […]
Zoltan Pozsar: Gold At $3,600 Is Not Improbable If US Refill Reserves With Russian Oil
In his latest dispatch, Credit Suisse contributor Zoltan Pozsar shifted focus on his ongoing series about Bretton Woods III where commodities will dictate the new world order. Instead, the author zeroed in on the depleting Strategic Petroleum Reserve (SPR) of the United States, posing the query of what comes next after the White House shipped […]
Solaris Resources Sees Equinox Gold Sell Large Stake In Firm
Solaris Resources (TSX: SLS) has seen one of its largest shareholders liquidate its position rather significantly. Equinox Gold (TSX: EQX) this morning indicated that it has monetized a large portion of its interest in the miner. Equinox has reportedly sold a total of 11.0 million common shares of its holdings in Solaris, generating gross proceeds […]
Emergent Metals To Conduct Flow Through Financing
Emergent Metals (TSXV: EMR) last night indicated it is looking to raise funds for further exploration of its Quebec properties. The firm will be raising funds through a flow-through private placement. The financing will see the company sell up to 3.1 million flow through units at a price of $0.32 per unit. Each unit is […]
Canfor To Reduce Lumber Production At BC, Alberta Facilities
Instability in the lumber market is leading to production shutdowns in Canada. Canfor Corporation (TSX: CFP) last night announced that it will be reducing production due to a number of market factors. Canfor is describing the event as a “temporary reduction in Canadian production,” with production curtailment to occur at all production locations in Alberta […]
Taylor Swift Fans Are Suing Ticketmaster Over Ticket Sale Disaster
A group of over two dozen Swifties is suing Ticketmaster following the November presale disaster of tickets for Taylor Swift’s “The Eras Tour.” The lawsuit, which was submitted to a California court, accuses Ticketmaster’s parent company, Live Nation Entertainment, of “anticompetitive conduct” following the “ticket sale disaster” in November. The suit points out the Verified […]
Tesla Prepares to Cut Back Shanghai Production Due to Low Chinese Demand
Tesla (NASDAQ: TSLA) is preparing to cut output at its Shanghai factory, in response to lower demand among Chinese consumers. According to Bloomberg, which cited people familiar with the matter, Tesla is planning to reduce output by at least 20% from the factory’s full production, bringing capacity levels on par with October and November. The […]
FTX Plot Twist: Is Ex-Alameda CEO Caroline Ellison Turning On Sam Bankman-Fried?
The former workmates, reported ex-romantic partners, and now, distant crypto chiefs are likely to converge in a court battle–adding a potential plot twist to the FTX contagion. Soap operas wouldn’t be able to hold a candle to the real-life drama that is the FTX contagion as the brouhaha seemingly added an interesting (possibly romantic) twist. […]
It’s Been A Painful Year For IPOs, Proceeds Are Down 93%
It hasn’t been a good year for companies going public — uncertainty from mounting recession fears and market volatility is taking its toll. S&P Global in October reported a huge dip in initial public offering (IPO) activities worldwide in Q3, with data showing IPOs were fewer by 45% compared to the same period the year […]