Is Loblaws’ Price Freeze On No Name Brand Just A Publicity Stunt?
Loblaw Companies Ltd. (TSE: L) is facing controversy for allegedly spinning a price freeze as a gesture of goodwill for Canadians grappling with inflation when the timing coincides with the annual industry-wide practice of price freezes. “On average, No Name prices are already 25 percent cheaper than comparable name brands,” said Loblaws president Galen Weston […]
Mako Mining Sees Gold Recoveries Improve To 77.0% In Q3
Mako Mining (TSXV: MKO) this morning provided production results for the third quarter, which makes the fifth quarter of production for the company. The results were highlighted by 10,531 contained gold ounces being mined. Performance overall was down on a quarter over quarter basis, with the firm managing to mine 21,655 tonnes of diluted vein […]
NG Energy Looks To Raise $25.0 Million Via Convertible Debentures
NG Energy (TSXV: GASX) is looking to raise fresh capital off the back of yesterday’s announced discovery of 783 feet of net pay within the Brujo-1x well. The firm this morning announced that it will be raising funds via senior secured convertible debentures. “With the additional capital committed in this financing, the Company will be […]
Snap Falls 25% Following Q3 2022 Results: US$1.13 Billion In Revenue, US$359.5 Million Net Loss
After an onslaught of challenges, Snap Inc. (NYSE: SNAP) was able to squeeze out relatively decent third quarter 2022 financials as reported post closing on Thursday. The firm generated US$1.13 billion in revenue, up from Q2 2022’s US$1.11 billion and Q3 2021’s US$1.07 billion. “This quarter we took action to further focus our business on […]
India To Become The World’s Third Largest Economy In Five Years
India is on track to become the world’s third-biggest economy by 2027, after the United States and China, a full two years ahead of its target. The South Asian economy is set to take the spot as Japan and Germany, currently third and fourth respectively, fall behind. Data from the International Monetary Fund’s (IMF) October […]
General Motors Unveils Celestiq, The Customizable $300,000 Cadillac EV
General Motor Co’s (NYSE: GM) Cadillac brand on Monday unveiled the 2024 Celestiq, the brand’s extra-large, bespoke, $300,000 entry into the ultra-luxury electric vehicle space. The electric car is a “halo vehicle,” a “brand builder” that will elevate people’s perception of the American brand, said Rory Harvey, global vice president of Cadillac, enough for it […]
Biden’s Plan To Release Additional 15 Million Barrels Will Sink Reserves Below 400-Million Mark
The White House confirmed the further drawdown–the largest weekly release on record–which is expected to drop oil reserves to a 39-year low. US President Joe Biden confirmed on Tuesday that 15 million barrels of oil will be released from the Strategic Petroleum Reserve (SPR), and that the government will begin replenishing the reserve only when […]
Russian Orthodox Church Acquires Properties With Full View Of Norway’s Military Bases
In recent years, the Russian Orthodox Church (ROC) has been purchasing property on the Norwegian coast near significant military sites. According to Norwegian daily Dagbladet, Epiphany Parish of the Moscow Patriarchate acquired an old prayer house in Sereida in 2016. The property is 3 kilometers in a straight line from Haakonsvern–the Royal Norwegian Navy’s main […]
Turkey Continues to Cut Rates as Inflation Explodes to 83%
While much of the world is fixated on Liz Truss’s breathtaking incompetence as now-former prime minister of Britain, Turkish President Recep Tayyip Erdogan is making yet another policy blunder of his own, enflaming inflation even higher after cutting interest rates once again. Erdogan, who refers to rate hikes as “the mother of all evil,” instructed […]
‘More Bailouts, Please’: Uniper Would Need Up To €40 Billion From German Government — Sources
The German government needs to inject tens of billions of euros into Uniper to help it weather a European gas crisis after a previous scheme to assist the struggling gas importer was abandoned, sources told Reuters. According to German newspaper Handelsblatt, which broke the news of the need for additional cash, the total additional support […]