Robinhood Posts First Positive Adjusted EBITDA In Five Quarters
After the market closed yesterday, Robinhood Markets, Inc. (NASDAQ: HOOD) announced 3Q 2022 results which beat analysts’ forecasts on both revenue and earnings (really, losses) per share. The company reported 3Q 2022 revenue and diluted EPS of US$361 million and (US$0.20) versus expectations of US$358 million and (US$0.27), respectively. The principal reasons for the better performance could be […]
Dispute Over US-Canada Border Program Remains Unsolved
A dispute between the United States and Canada over NEXUS, the two countries’ long-standing trusted-traveler program, continues at the border, disrupting the plans of about 330,000 business travelers. The program, which is jointly run by the Canada Border Services Agency and the US Customs and Border Protection (USCBP), was created to expedite border crossing for […]
Canada To Welcome 500,000 Immigrants Per Year By 2025 To Fill Labor Gap
Canada, which welcomed a record 405,000 immigrants this year, aims to work its way to 500,000 newcomers per year by 2025 to address the country’s labor shortages. The new immigration plan, presented by Sean Fraser, Canada’s minister of immigration, refugees, and citizenship, on Tuesday, aims to welcome 465,000 people in 2023, 485,000 in 2024, and […]
Bank of England Hikes 75 Basis Points, Economy Expected to Fall Into Longest Recession on Record
The Bank of England delivered one of the largest rate hikes in 33 years on Thursday, which will soon be followed by a dark and prolonged recession against some of the highest inflation in over 40 years. Following in the footsteps of the Federal Reserve, England’s central bank opted to raise interest rates by 75 […]
Trillion Energy Begins Drilling Second Well Under Multi-Well Program
Trillion Energy (CSE: TCF) keeps pushing forward with its multi-well drill program, announcing this morning that it has begun the recompletion of the Akcakoca-3 well, which is the second well to be drilled under the current program. The development follows the firm successfully flow testing the Akcakoca-2 well. The recompletion of the well is said […]
Lithium Americas To Split Into Two Firms To Unlock Shareholder Value
Lithium Americas (TSX: LAC) is looking to unlock shareholder value, while at the same time seemingly looking to be cognizant of recent actions by the Government of Canada to force the divesture of investments by foreign entities into critical mineral-focused firms. The firm this morning revealed that it will be splitting its company into two. […]
Lithium Chile Responds To Government of Canada Order, Completes Second Production Well
Lithium Chile (TSX: LITH) has completed a second production well at its Salar de Arizaro property, which is based in Argentina. The completion follows the first well which was drilled back in September of last year. Separately, the firm also addressed recent orders made by the Government of Canada. Yesterday, the Government of Canada announced […]
Hut 8 Mines 299 Bitcoin In October
Hut 8 Mining (TSX: HUT) this morning posted its production results for the month of October, improving operating results over that of September while lagging behind its performance earlier this year. Production for the month of October amounted to 299 bitcoin being mined, averaging out to 9.6 bitcoin per day. While the figure marks an […]
Christine Lagarde: ‘Inflation Came From Nowhere,’ ECB Must Continue Raising Rates Despite Recession Risk
The European Central Bank has been left playing a game of catch-up on borrowing costs, raising its key rate to the highest in over ten years after allegedly being left blind-sided by inflation. ECB President Christine Lagarde defended the central bank’s rapidly sharp tightening cycle, insisting that interest rates must continue to increase even it […]
Lithium Chile, Others Forced By Government Of Canada To Have Chinese Firms Divest Interest
The Government of Canada this evening decided it is ready to enforce provisions under the Investment Canada Act. The decision to enforce actions relates to the investment by foreign entities into critical mineral supply chains of Canadian companies. In particular, the Government of Canada is providing “enhanced scrutiny” into certain companies within the critical minerals […]