Binance’s Zhao Aims To Raise $1 Billion For Recovery Fund, Seeks Middle East Cash
First stop in crypto industry recovery: Voyager Binance CEO Changpeng Zhao is aiming for a $1 billion fund for the possible purchase of troubled assets in the digital-asset sector. “If that’s not enough we can allocate more,” Zhao said in an interview with Bloomberg Television. This comes on the heels of reports saying Zhao and […]
DEA Declares Cocaine Derivative Legal But Disagrees That Marijuana Should Be The Same
The Drug Enforcement Administration (DEA) is working on legalizing a cocaine derivative [18 F]FP-CIT, which is said to be a “diagnostic substance that is used in assisting the evaluation of adult patients with suspected Parkinsonian syndromes.” “Based on consideration of all comments, the scientific and medical evaluation and accompanying recommendation of [the Department of Health […]
Did CME Group CEO Terry Duffy Slip Up About Bribing ‘His Regulator’ At The CFTC?
Fox News’s Tucker Carlson on Tuesday brought on CME Group CEO Terry Duffy to talk about the collapse of the crypto exchange FTX and its founder and former CEO Sam Bankman-Fried. But that’s not all they talked about. This wasn’t the first interview that Duffy did on the matter. He has been openly critical of […]
Microsoft-Activision Merger Likely To Face FTC Hurdle
The regulatory oversight might add heat to what the US$69 billion acquisition deal already feels from UK watchdog Competition and Markets Authority. The Federal Trade Commission is poised to bring an antitrust action to stop Microsoft (Nasdaq: MSFT) US$69 billion merger of video game behemoth Activision Blizzard (NASDAQ: ATVI). According to people familiar with the matter […]
Power Nickel To Expand Drill Program Up To 10,000 Metres Following Close Of Financing
Power Nickel (TSXV: PNPN) is set to expand its drill program at its Nisk project following the closing of a financing earlier this week. The financing, which consisted of both flow through and non-flow through units, raised gross proceeds of $4.2 million for the company. In terms of the drill program, the flow through offering […]
Filo Mining Intersects 0.58% Copper Over 1,356 Metres
Filo Mining (TSX: FIL) continues to see positive results from its drill program being conducted at the Filo del Sol Project in Argentina. The firm this morning released the assay results of two further drill holes. Highlights from the results include: FSDH062: 0.40% copper, 0.29 g/t gold, 4.5 g/t silver over 1,313.2 metres, including 0.51% […]
Short Canadian Banks A Top Trade Idea In 2023 – BofA Securities’ Michael Hartnett
BofA Securities investment strategist Michael Hartnett released his top trade ideas for 2023, which includes shorting select banks like Canadian banks. Hartnett placed as his tenth top idea shorting Canadian banks, as well as similar institutions in Australia, New Zealand, and Sweden. At the same time, he suggests placing long positions on European Union banks. In […]
Biggest U.S. Freight Railroad Union Votes to Reject Labor Pact
The chances of a U.S. freight rail strike increased at least somewhat on Monday when the transportation division of the Sheet Metal, Air, Rail, Transportation union (SMART-TD), the country’s largest rail union which represents about 28,000 conductors, announced that its members rejected, by a narrow margin, a tentative labor deal with the nation’s freight railroads. […]
Taiwan Charges Military Officer For Pledging Allegiance To China, Receiving Payments To Gather Intel
An infantry officer in Taiwan was on Tuesday indicted on charges of pledging allegiance to China, and for receiving payments to spy on the military for China. The prosecution said that they did not have enough evidence to charge him with espionage. According to a report from the Central News Agency on Tuesday, Hsiang Te-en, […]
Fed Minutes Suggest Policy Makers Can’t Decide Between Slowing Hikes or Keeping Rates High
The freshly-released minutes from this month’s FOMC meeting suggest most members believe its may soon be appropriate to reduce the pace of rate hikes, while some officials stressed a more restrictive terminal rate should remain in place until inflation shows stronger signs of abating. Prior to the minutes’ release, markets were pricing in a 100% […]