US Economy Expands 2.6% Solely Due to Net Exports
The US economy appears to have climbed itself out of the recessionary slump evident in the first half of the year, with GDP posting its first increase in the third quarter. According to preliminary estimates from the Bureau of Economic Analysis, GDP grew 2.6% between July and September, coming in substantially higher than the 2.3% […]
Kanye West Shows Up Uninvited, Gets Escorted Out of HQ of Skechers
Kanye West, or the rapper-entrepreneur currently known as Ye, is on a freefall. He was escorted out of the offices of casual footwear brand Skechers yesterday after showing up “unannounced and without invitation.” This incident comes shortly after Adidas severed their ties with the rapper following a series of antisemitic outbursts in the past few […]
A Good Time For Gold? — With Alastair Still of GoldMining
Joining us today on the Daily Dive is Alastair Still, CEO of GoldMining Inc. (TSX: GOLD). Our host, Cassandra Leah, sits down with Alastair today to discuss the federal reserve and their perceived next move, government support for the mining sector, and the current outlook for the precious metals, including with regards to the gold […]
PayPal ‘Sneaking Back $2,500 Fine’ May Be Another Piece of Misinformation
Social media was again abuzz on Wednesday evening about PayPal Holdings (NASDAQ: PYPL) and its $2,500 fine. The fine made headlines earlier in the month because of a questionable bit of fine print in the Prohibited Activities annex of the Acceptable Use Policy (AUP). It said that PayPal could take action against users who participated […]
New UK PM Rishi Sunak Looks To Settle Outstanding Issues Over Northern Island And The EU
Britain’s newly installed Prime Minister Rishi Sunak spoke with US President Joe Biden on the phone Tuesday evening, and among the topics the leaders discussed were the outstanding issues over Northern Ireland and the European Union. A statement released by Downing Street said that “the Prime Minister and President Biden also agreed on the need […]
ECB Delivers 75 Basis-Point Hike Regardless if it Causes Recession
The European Central Bank delivered another rate hike on Thursday, with plans to adjust the conditions of its extremely cheap commercial bank loans in an effort to reduce its colossal balance sheet and stave off surging inflation. With mounting concerns that price pressures may become entrenched in the EU economy, the bloc’s central bank is […]
Shopify Improves Net Loss In Q3 2022 But Expects Operating Loss For The Year
Shopify Inc. (TSX: SHOP) reported today its financial results for Q3 2022, generating US$1.37 billion in revenue for the quarter. This is an increase from Q2 2022’s US$$1.3 billion and Q3 2021’s US$1.12 billion. Revenue for the quarter consisted of US$376.3 million in subscription solutions revenue, up from US$336.2 million last year, as well as […]
Canadian MP Fails In Bid To Sever Ties From British Monarchy
On Wednesday, an overwhelming majority of MPs voted to block Bloc Quebecois leader Yves-Francois Blanchet’s proposal to cut off ties with the British monarchy. But given the complexity of what will be required to proceed with the proposal, and given the more pressing issue of the current macroeconomic environment, Blanchet’s motion was also seen as […]
Human Rights Group Reports Existence of Chinese ‘Police’ Stations In Canada, Other Places In the World
Canadian authorities are investigating reports of Chinese “police” service stations in Canada. According to a human rights group, individuals connected to these stations may have been involved in “persuading” Chinese nationals suspected of committing crimes to fly back to China to face legal proceedings. Safeguard Defenders, the Spain-based human rights group that made the report, […]
Kwesst Micro Systems To Conduct 1-For-70 Reverse Split, Resulting In Just 778,806 Shares Post-Consolidation
Kwesst Micro Systems (TSXV: KWE) is evidently undertaking whatever it takes to potentially get listed on a major US exchange. The company last night announced that it will be conducting a share consolidation at an eye-popping ratio of one post-consolidation share for every seventy pre-consolidation shares, or 1 for 70. The reverse split is explicitly […]