Department of Justice Charges Two Estonians with $575 Million Cryptocurrency Fraud
Two individuals of Estonian nationalities were arrested on Monday and charged with 18 counts related to a $575 million cryptocurrency fraud and money laundering scheme, following a rigorous investigation by the Department of Justice and Estonian authorities. According to the DOJ, Sergei Potapenko and Ivan Turõgin, both aged 37, ran a cryptocurrency scheme that defrauded […]
Residents of China’s Rumored Pilot City For Reopening Told To Stay Home As Cases Spike Anew
On Monday, Shijiazhuang, the city that was recently rumored to be the ‘test case’ for the country easing its punishing Covid Zero policy, told its 11 million residents to stay home for the next five days, forbidding those who live in ‘high risk’ areas to leave. Cases surged over the weekend, with Sunday seeing 641 […]
Robinhood Announces Positive Mid-Quarter Operating Metrics
Robinhood Markets, Inc. (NASDAQ: HOOD) last week reported several key operating statistics comparing the month of October and the first third of November to prior trading months. On the whole, the data points were reasonably encouraging, particularly the November commentary. Robinhood’s business appears to be holding up in spite of the troubling daily updates regarding the crypto […]
New Tesla Recall Over Rear Light Issue May Affect Over 320,000 Cars
Tesla Inc (NASDAQ: TSLA) is recalling about 321,000 2023 Model 3 and 2020-2023 Model Y vehicles in the United States due to some taillamps that may intermittently illuminate, according to a filing with the National Highway Traffic Safety Administration (NHTSA) on Saturday. According to the filing, the issue, while so far rare, makes one or […]
The Age of (Legal) Coca – With Pat McCutcheon
Joining SmallCapSteve today is Pat McCutcheon, CEO and Chairman of Power Leaves Corp. Pat sits down with us today to talk about Power Leaves, which aims to be the first coca company in the industry to launch on the Nasdaq. The company is a trailblazer, opening up a brand new sector by revolutionizing the coca-leaf […]
Dating App Grinder’s NYSE Debut Sends Stock Surging 400%
Gay dating app Grinder (NYSE: GRND) is making some significant gains since going public last week, with its stock surging over 400% within a span of several days. The LGBTQ+ community-focused dating platform unveiled its intentions to go public back in March, and, last Friday, finally made its debut on the NYSE following a $2.1 […]
FTX Shows Over $3 Billion In Unsecured Debt To 50 Creditors
New court filings for the now-bankrupt FTX crypto exchange have disclosed that it owes its 50 largest unsecured creditors a total of $3.1 billion, with a couple of customers due more than $200 million each. According to a redacted list of the top 50 creditors posted late Saturday, FTX-linked firms owe more than $226 million […]
Europe Scrambles to Fill Storage Tanks with Russian Diesel Before EU Sanctions Take EffectB
European traders are quickly shoring up diesel shipments from Russia ahead of the upcoming EU-wide ban on oil products slated to take effect in February. Meanwhile, some of Europe’s northern countries are already shunning Moscow’s supplies, with Russian-origin imports to the region falling by 90%. Russian crude imports will no longer be allowed to enter […]
Air Canada: BMO Remains Bullish With $30 Price Target
During the 2022 Industrial Tour de Montreal, BMO Capital Markets sat down with Air Canada (TSX: AC) CEO Michael Rousseau, and CFO Ammos Kazzaz. They are said to have left the meeting with greater confidence in the company in general, specifically with the fundamentals and the management’s ability to execute its COVID recovery plan as […]
The Options Market Sentiment Is At Its Darkest, CBOE US Equity Put/Call Ratio Peaks At 1.46
The options markets are showing a bearish outlook — the most in at least two decades. But it’s not all doom and gloom as this metric is usually used as a “contrarian indicator.” The metric, known as the CBOE US equity put/call ratio, is an indicator of the sentiment or mood of the options markets. […]