Galaxy Digital Starts Minimizing FTX Exposure As Q3 2022 Continues Losses
The blockchain firm is reportedly in the process of withdrawing US$47.5 million from FTX which “effectively paused” withdrawals Galaxy Digital Holdings Ltd. (TSX: GLXY) released today its Q3 2022 financial results, which saw the company posting a net comprehensive loss of US$68.1 million. This is an improvement from Q2 2022’s net loss of US$554.7 million […]
enCore Energy Sees Fall River County Voters Elect To Ban Uranium Mining At Dewey-Burdock
enCore Energy (TSXV: EU) might have a slight headache on its hands following the midterm elections that occurred yesterday. In particular, a local ballot measure within Fall River County might cause some problems for the company. The Fall River County has seen voters approve of a ballot measure that seeks to declare that uranium mining […]
Republicans Forecast to Regain US House While Senate Control Remains Deadlocked
The Republicans are expected to win control of the House of Representatives by a landslide while the Senate still remains up for grabs, in a tight race that will likely take more time than normal to finalize, particularly due to competitive votes across several swing states. The consensus among news organizations tracking the nail-biting midterm […]
Canopy Growth Sees Gross Margins Improve To 3%, Net Losses Continue In Q2 2023
Despite the recent excitement surrounding its decision to enter the US cannabis market more directly, Canopy Growth (TSX: WEED) appears to be continuing to struggle within its core markets. The firm this morning reported its second quarter 2023 financial results, posting a year on year decline in topline revenue. “Our second quarter marks a key […]
Crypto Drama: FTX And Its Growing Red Flags
SBF is deleting tweets that assured firm has “enough to cover all client holdings”, the so-called “liquidity crunches”, the still contentious “insolvent” sister company, and to top it all off–the sudden acquisition by Binance When we’re in a relationship that had been so good for us at the start–fulfilling a need or exceeding expectations–we tend […]
Elon Musk Sells $3.9 Billion In Tesla Stock As His Focus Turns To Funding Twitter
It appears that the recent selling pressure in Tesla (NASDAQ: TSLA) was none other than Musk himself. The firms CEO this evening filed three separate Form 4’s with the Securities and Exchange Commission, outlining his sales that have taken place over the last three days. The first Form 4 filed was for Friday, November 4, […]
Russian Oligarch and Wagner Group Founder Yevgeny Prigozhin Admits Interference In US Elections
On the eve of the United States midterm elections, Yevgeny Prigozhin, a Kremlin-linked oligarch and founder of a private mercenary force, appeared to admit that Russia interfered in US elections. “I will answer you very subtly, and delicately and I apologize, I will allow a certain ambiguity. Gentlemen, we interfered, we interfere and we will […]
Millions of Americans Are Facing The Possibility of Eviction As Pandemic Protections Dry Up and Rents Go Up
As the post-pandemic era sets in and government assistance dries up, eviction filings around the US are surging. Legal Services Corp, a federally-funded legal aid group, has been tracking eviction filings in 1,059 counties and saw that the number is on the rise and over historical averages in half of these counties in either August […]
Trudeau Assures Fight Against Chinese Interference On Elections… Ten Months After He Was Briefed
Prime Minister Justin Trudeau assured Canadians that the federal government is taking “significant measures” to thwart foreign interference on federal elections. “We have taken significant measures to strengthen the integrity of our elections processes and our systems, and we’ll continue to invest in the fight against election interference, against foreign interference of our democracy and […]
More Families and Younger People Are Earning Rental Income, StatsCan Data Show
A new report from Statistics Canada shows that 7.9% of families declared rental income in 2020, up from 7% in 2000. Of these families, the number of people belonging to the younger age brackets has grown in the last two decades. The period covered by the report, 2000 to 2020, coincides with the period that […]