Ex-Tesla Exec Enters Guilty Plea To Insider Trading On Piedmont Lithium
A former Tesla executive plead guilty to insider trading charges in Australia after purchasing stock in a lithium mine before a deal with the company was revealed. Kurt Schlosser, Tesla’s ex-head for Australia and New Zealand, learned ahead of time about the carmaker’s off-take agreement with Australian mining firm Piedmont Lithium, which was currently developing […]
Bezos Vows To Give Away Much of His Fortune While Amazon Plans To Cut 10,000 Employees
While Jeff Bezos, Amazon founder and formerly the world’s richest person, was vowing to give away much of his $124 billion fortune to causes like the climate crisis and uniting humankind, his company is reportedly preparing to lay off as many as 10,000 employees right at the beginning of the holiday shopping season. News about […]
Trillion Energy: Research Capital Reiterates $1.35 Price Target, Buy Rating
Trillion Energy (CSE: TCF) on Monday announced an operational update for their SASB gas field. The company revealed that gas sales have started from its new well in South Akcakoca and that the borehole for Akcakoca-3 has removed all the old wirelines. The gas sales from the new well are said to have averaged 3.0 […]
Trump Is Back For 2024, But Not With Top GOP Megadonors, Daughter Ivanka
He may have once said, “we’re gonna win so much, you may even get tired of winning.” But, former US president Donald Trump–and now a presidential hopeful once more–has been collecting losses of support from his former allies and staunch supporters. The latest to jump off the Trump train is private equity firm Blackstone CEO […]
October Inflation Jumped 6.9% Thanks to Rising Gasoline Prices, Mortgage Costs
Consumer prices remained historically elevated in October, thanks to ongoing increases in gasoline prices and mortgage costs. Canadians continued to pay 6.9% more for goods and services compared to October 2021, after the CPI jumped 0.7% month-over-month— the largest such gain since June 2022. Core CPI, which does not account for food and energy, rose […]
Gemini Earn Program Sees Customer Funds Locked Up With Genesis
Contagion continues to occur at a rapid pace within the crypto sector. After FTX filed for bankruptcy last week, Genesis Global Trading this morning announced that it would be halting redemptions and withdrawals on its lending products. The company reportedly has $175 million tied up in accounts at FTX. And with the halt on redemptions […]
Genesis Lending Arm Halts Withdrawals Following FTX Bankruptcy
The implosion and eventual bankruptcy of crypto exchange FTX claims another–this time, it’s the lending arm of crypto investment bank Genesis Global Trading. The lending unit Genesis Global Capital is temporarily freezing redemptions and new loan originations, Interim CEO Derar Islim informed customers on a teleconference Wednesday. The redemption halt is due to withdrawal requests […]
Hemlo Explorers Identifies Platinum, Gold In Soil Samples At Project Idaho
Exploration continues for Hemlo Explorers (TSXV: HMLO) at their Project Idaho property, found in Ontario, Canada. The firm this morning released data from the soil sampling campaign conducted on the property. The soil sampling program was focused on areas found to have VTEM anomalies, based on a geophysical survey conducted this past August. A total […]
Oil Prices Surge After Iranian Drone Allegedly Struck Israeli Billionaire’s Crude Tanker
An oil tanker belonging to Israeli billionaire Idan Ofer’s company Eastern Pacific Shipping was allegedly hit by a “projectile” off the Omani coast on Tuesday, prompting crude prices to jump to over $94 per barrel. According to people familiar with the situation cited by the Associated Press, the Pacific Zircon, loaded with gas oil, was […]
New Found Gold Hits 85.67 g/t Gold Over 5.65 Metres At Keats
New Found Gold (TSXV: NFG) continues to report assay results from its massive 400,000 metre drill program at its flagship Queensway project, found in Newfoundland. The company released the results from a further fourteen holes this morning, along with the results from a Chrysos PhotonAssay test program. The latest round of results come from the […]