Stock Prices May Still Be Elevated Given Current Mortgage Rates And Home Prices
Rising mortgage interest rates and worsening home affordability are buffeting home prices and pressuring equity markets. The bad news is that stock prices may still be too high for the current level of mortgage rates and for the stretched wallets of homebuyers. The graphs below show 30-year fixed mortgage rates in the U.S. since 1970 and […]
Fortuna Silver Beats BMO’s Third Quarter Production Estimates
On October 6, Fortuna Silver Mines Inc. (TSX: FVI) announced its third-quarter production results. The company announced that it had produced a total of 101,840 gold equivalent ounces compromised of 66,344 ounces of gold, a 1.4% increase sequentially, and 1,837,506 ounces of silver, a 7.3% increase sequentially. They say that the growth in gold production […]
PayPal Spreads ‘Misinformation’ on PayPal Fining People for Spreading ‘Misinformation’
This weekend social media lit up with a story that PayPal updated their Acceptable Use Policy (AUP) with terms that would allow that payment platform to penalize users up to $2,500 for various violations. This update came after the company originally announced that an update was coming back in September. Although this new policy, which […]
Decentraland Sees Active Users Plummet To Just 19 A Day
What’s the value of a metaverse that no one cares about? That’s the question that is seemingly being asked repeatedly by crypto-space followers as it pertains to Decentraland, which in recent days has become the subject of several posts online focusing on its daily active users – or lackthereof. The metaverse, despite its token having […]
Rivian Production Numbers Lead Investors To Overreact On Positive News
After the market close on October 3, Rivian Automotive, Inc. (NASDAQ: RIVN) announced that in 3Q 2022 it produced 7,363 vehicles — including R1T electric trucks, R1S SUVs and electric delivery vans — at its Normal, Illinois manufacturing plant. The company delivered 6,584 vehicles in the just-completed quarter. Most importantly, Rivian said the production and delivery figures were […]
Did Elon Musk Attempt To Back Out Of The Twitter Deal To Cut The Price?
Elon Musk and Twitter (NYSE: TWTR) are reportedly still working on ironing out the details of sticking to the original US$44-billion buyout agreement. This comes even after the Tesla chief recently filed to resume the acquisition talks with the social media platform based on the original terms. According to what some of the people familiar […]
Sweden Gets Evidence To Back Nord Stream Sabotage Theory, Slams Russia’s Attempt To Help
Swedish officials now have evidence that may point to the Nord Stream gas pipelines being sabotaged, according to the country’s Security Service. “Certain seizures were made during the on-site investigation. The continued investigation will show whether anyone can be suspected of, and later prosecuted for, this crime,” Xinhua news agency quoted the Security Service as […]
Tales From The Crypt(o): Around One-Fifth Of Tokens Are “Zombies”
Not dead, not alive, but equally scary–“zombie” tokens have surged this year as the cryptocurrency market widens the breadth of the bear market. Data provider Nomics studied more than 64,400 assets and discovered more than 12,100 tokens have become “zombies,” defined as tokens that have not traded for a month. “During the bull market of […]
DraftKings Reportedly Close To Signing Sports Betting Partnership With ESPN
According to various media reports, sports betting company DraftKings, Inc. (NASDAQ: DKNG) is close announcing a partnership with sports broadcasting giant ESPN, a unit of The Walt Disney Company (NYSE: DIS). DraftKings would rename its sportsbook to include the ESPN name. The link-up would have significant synergies for both parties as it would allow ESPN to benefit from massive […]
No, Elon Musk Can’t Just Pay $1.0 Billion To Walk Away From Twitter Deal
Elon Musk has seemingly found himself in a pickle when it comes to funding his purchase of Twitter (NYSE: TWTR). The much publicized acquisition has seen pundits across the financial world opine on the matter, with the latest theory being that Musk can simply walk from the deal by paying a $1.0 billion break fee. […]