China Begins To Lift Covid Restrictions After Days of Protests
The Chinese government has begun easing some virus restrictions, less than a week after residents in major cities across the country took to the streets to protest the country’s failing Covid policy. But the regime remains stern and cautious, focusing the narrative on the Omicron variant’s weakening pathogenic nature as the primary catalyst for the […]
RBC: Canaccord Reiterates Ratings Following HSBC Canada Purchase
On Tuesday, Royal Bank of Canada (TSX: RY) announced that it would purchase HSBC’s Canadian arm for $13.5 billion in an all-cash deal. HSBC currently has 140 branches and 4,200 full-time employees, with RBC’s CEO saying, “HSBC Canada offers the opportunity to add a complementary business and client base in the market we know best.” […]
Polestar Looks Considerably Cheaper Than Rivals Lucid and Rivian
Many U.S. and Canadian risk-tolerant investors who want exposure to start-up, non-China-based manufacturers of electric vehicles (EV) have gravitated to two well-known companies: Lucid Group, Inc. (NASDAQ: LCID) and Rivian Automotive, Inc. (NASDAQ: RIVN). Another, actually more established EV maker, Polestar Automotive Holding UK PLC (NASDAQ: PSNY), may represent better value than either company. Based in Sweden, Polestar currently has […]
Sam Bankman-FRAUD Has ‘Had a Bad Month’
Sam Bankman-Fried, the former disgraced CEO of disastrously-imploded crypto platform FTX, appeared in a much-anticipated interview with CNBC’s Andrew Sorkin to issue an apology to everyone he defrauded, insisting that it was never his intention to perpetrate such an utter act of blatant theft. The once-billionaire appeared via video at the Dealbook Summit dressed in […]
Has Portland Become Unsafe For Small Businesses?
A small business in Portland has decided to permanently close its doors after having gone through 15 break-ins just in the last year and a half. Marcy Landolfo, owner of Rains PDX in Northeast Portland, shared that most of the repairs after the numerous break-ins were paid out of pocket. “It’s just too much with […]
Yet Another Russian Billionaire Has Died Under Mysterious Circumstances
A Russian billionaire was killed in a mysterious chopper crash on the way to Monaco on Friday. Vyacheslav Taran, 53, was the founder of Forex Club and president of the Libertex Group trading platform. Taran is the third cryptocurrency figure to die unexpectedly in the last month. Taran was the sole passenger of a Monacair […]
Sam Bankman-Fried – No. 2 Top Democrat Donor – Also Donated To Republicans “About The Same Amount”
But he kept it in the dark because “reporters will freak the f*ck out.” Next stop on the failed FTX chief Sam Bankman-Fried’s public image rebranding train: an interview with a self-admitted non-journalist, crypto space follower Tiffany Fong. He sang his recurring hits, including regretting the chapter 11 filing regret, failing to anticipate the margin […]
Royal Bank Of Canada Sees Strong Q4 2022 Earnings
A day after negotiating the company’s largest purchase ever to bolster the business, Royal Bank of Canada (TSX: RY) reported earnings that highlighted its domestic strength. Rising loan balances and wider lending margins in Royal Bank’s Canadian retail division boosted total net interest income by 24% to $6.28 billion in the fiscal fourth quarter, while […]
Genesis Looks To Resolve Lending Situation “Without The Need For Bankruptcy”
US crypto broker Genesis Global said it was attempting to avoid bankruptcy after it was reported on Tuesday that the firm’s creditors were coordinating with restructuring lawyers to avert insolvency. “Our goal is to resolve the current situation in the lending business without the need for any bankruptcy filing,” a Genesis spokesperson said. According to […]
Where Are Copper Prices Heading In 2023? — With Daniel Earle
Joining us on the Daily Dive today is Daniel Earle, president & CEO of Solaris Resources (TSX: SLS). Daniel joins us today to discuss the mining industry against today’s macroeconomic backdrop, as well as provide his read on the current gold and copper markets. He also gives us an update on Solaris and what investors […]