UK Housing Market Slowdown: Lenders are Approving Fewer Mortgages as Inflation, Rising Interest Rates Bite
The UK housing market is rapidly slowing, as surging inflation and subsequent rising interest rates bring what was once rapid growth to a near-standstill. Latest data from the Bank of England shows significantly fewer borrowers are getting approved for mortgages, as higher interest rates ripple through the economy. Lenders approved a total of 58,977 home […]
BlockFi Revealed To Have $355 Million Locked In FTX, $671 Million Defaulted Loan To Alameda
BlockFi has around $355 million in crypto assets frozen in bankrupt crypto exchange FTX, the law firm handling the crypto lender’s own chapter 11 proceedings revealed. The crypto firm filed for bankruptcy in the the District of New Jersey following weeks of speculation about the company’s solvency. The lender had been dependent on a $400 […]
Amazon To Invest In New TV Series Featuring Collapse Of FTX
Amazon (NASDAQ: AMZN) announced last week that it will be working on a show about the fall of the crypto exchange FTX. The eight-episode limited series will be created in partnership with AGBO the Russo Brothers’ production company. Variety first reported that apart from executive producing, Joe and Anthony Russo are also in talks to […]
What Elon Musk Might Be Missing About “Free Speech”
In the age where information is at everyone’s fingertips, disinformation is fast catching up. The pandemic and election-related violence–among other things–are definite proofs of how lethal false information can be. As early as 2017, “fake news” was already so popular, it was deemed the word of the year by Collins Dictionary. So, in an attempt […]
Crypto & Silver: What They Want You To Believe — With David Morgan
Back on the Daily Dive today is David Morgan from The Morgan Report. Today, we sit down with David to get his take on what’s going on in the crypto space, including his thoughts on FTX and SBF, as well as his concerns about Tether and central bank digital currencies. We also get his read […]
Will Oil Bottom Soon? Prices Continue To Hit Lows
Oil futures are on track to reach the lowest prices on record since the start of the year as China’s pandemic lockdown policies and OPEC+ production mandate teeter the already volatile market. Brent benchmark fell below the $85/bbl mark while WTI fell below the $80/bbl mark, paring the low levels reached two months ago at […]
Suncor Energy Cuts Down 2023 Production Guidance, Keeps Petro-Canada
Suncor Energy (TSX: SU) reported today its corporate guidance for 2023. The firm is expecting its upstream production next year to be 740,000 – 770,000 barrels of oil equivalent per day (boe/d), a cut down from last year’s 750,000 – 790,000 boe/d guidance. “Over the past several months, our new mining leadership has done an […]
“Shaken” Kim Kardashian Might Stop Working With Balenciaga
Reality star Kim Kardashian has broken her silence on Balenciaga’s widely criticized ‘Balenciaga Gift Shop’ and ‘Garde-Robe’ campaigns and said that she is “re-evaluating” her relationship with the company. “As a mother of four, I have been shaken by the disturbing images. The safety of children must be held with the highest regard and any […]
China Protestors Have Zero Tolerance For China’s Zero COVID Policy
Beijing attempts to walk back on its stringent pandemic measures as uprising has been gaining ground in key cities. China’s strict zero COVID stance is facing its toughest challenge ever. Protests against the policy took place in numerous cities Monday evening, defying a police crackdown and warnings of retaliation. Small groups of people rallied in […]
Power Nickel: Advancing The Nisk Battery Metals Project In Quebec
Power Nickel (TSXV: PNPN) is developing its flagship Nisk high-grade nickel project in the James Bay region of Quebec near the town of Nemaska. The 20 kilometre long Nisk property consists of two blocks totaling 90 claims that cover a large land position of 45.9 square kilometres. Historical exploration of the property identified numerous high-grade intercepts […]