Elon Musk Plays Twitter God, Plans To Reactivate Banned Accounts
Elon Musk intends to reinstate nearly all previously suspended Twitter accounts. In a poll where he asked if the platform should “offer a general amnesty to suspended accounts, provided that they have not broken the law or engaged in egregious spam,” around 72.4% voted yes. “The people have spoken. Amnesty begins next week,” Musk tweeted. […]
CRA’s Recent Legal Skirmish A Rehearsal For Enforcing New Anti-Flipping Rules
Even before the new tax law is set to be enacted in 2023, real estate deals are already being challenged by the agency. The Canadian Revenue Agency (CRA) recently challenged a perceived real estate “flip” in court and got mixed results–a preview of what the new federal anti-flipping law will bring to the industry trade. […]
Manulife Lays Off Entire Property Management Team In Canada
Manulife Investment Management on Wednesday confirmed that it has dissolved the property operations team under Manulife Investment Management, the unit that oversees its real estate portfolio. This has resulted in around 50 employees being laid off from the company in Canada, with a yet unconfirmed number of layoffs in the US. The move is the […]
In 2023 “Gold Will Come Out Ahead” — With Mike McGlone
Today on the Daily Dive we are joined by one of our regular guests, Mike McGlone, a Bloomberg Intelligence senior commodity strategist. Mike sits down with us to share his insights on the FTX contagion and how it impacts Bitcoin and Ethereum price action, OPEC’s production cuts and their implications, and President Biden’s handling of […]
More De-Dollarization? Ghana Unveils Plan to Purchase Crude With Gold Rather Than US Dollars
The list of countries shunning the US dollar is increasing. Ghana, a developing country located in West Africa, is carving out a new policy that will switch its mode of payment for oil products from US dollar reserves to gold. According to a Facebook post published by Ghana vice president Mahamudu Bawumia on Thursday, the […]
“Empower People To Not Be Bullied By Elon” And Other Insights From Tesla Employee Survey
Employees expressed worries about Elon Musk’s leadership in an internal 2018 Tesla (NASDAQ: TSLA) worker survey done during a difficult era for the company. The survey results was part of the documents disclosed in the ongoing lawsuit against Musk related to a nearly $56 billion compensation package at the carmaker company. In March 2018, Tesla’s […]
Moonstone Bank Is “Still Waiting” To See What Happens With FTX/Alameda $11.5 Million Seed Investment
Documents in the failed crypto exchange FTX’s bankruptcy recently revealed that the firm–through its sister hedge fund Alameda–infused $11.5 million into Moonstone Bank, formerly Farmington State Bank. As more questions are raised than answers, the bank’s chief digital officer Janvier Chalopin attempted to clear the air about the curious stake. The investment, according to Chalopin, […]
Great Panther Sees Asset Sale To Newrange Gold Fall Apart
Just under a month after it reached a definitive agreement to sell its Peruvian assets, it appears Great Panther Mining has lost the sale. The firm this morning indicated it has terminated the share purchase agreement it previously entered into with Newrange Gold Corp (TSXV: NRG). Under the terms of the arrangement, Newrange was to […]
IAMGOLD Sees Fatality Occur At Essakane Operation
IAMGOLD (TSX: IMG) has lost an employee at its Essakane mine, found in Burkina Faso, following an off-site accident that occurred earlier this week. The employee reportedly passed away on Tuesday from injuries sustained. The death of the employee reportedly occurred during the hoisting of mobile equipment, with further details not released. The company is […]
FTX Invested In A Small Washington Bank, But Why?
Following the signing of FTX’s chapter 11 bankruptcy, the failed crypto mogul Sam Bankman-Fried has been going around town to explain his side and attempt restore his reputation. But, documents never lie. In the bankruptcy proceedings, one of the assets revealed to be owned by FTX is the curiousity-inducing small bank in the state of […]