Canadian Home Prices Have Fallen 20% Since The Peak, Sending Household Net Worth Plummeting
Canada’s real estate market continues to decline from last year’s peak, with sales levels falling by about 24% from 12 months ago. But, what only appears like a modest decline still sends significant rippling effects throughout the economy. The average price of a Canadian home is now $179,047 less than it was in February 2021, […]
India’s Top Lender Moves To Curb Exposure To Bangladesh’s Falling Reserves
The State Bank of India (SBI) has issued an internal document asking exporters to avoid making deals with Bangladesh in US dollars and other major currencies, as it seeks to lessen exposure to the country’s falling reserves, according to a Reuters report. “The country is facing a shortage of foreign currency due to higher import […]
Nikola CEO: “Trevor Milton Was Prone To Exaggeration”
Courtroom drama continues as Nikola Corp (Nasdaq: NKLA) CEO Mark Russell takes the stand on founder Trevor Milton’s trial for allegedly misleading investors on the company’s progress. The chief executive laid out his concerns on Milton’s public behavior and statements, saying he agreed to assume company presidency as long as he would take the CEO […]
The Future Of Gaming In The Developing World
Joining SmallCapSteve this afternoon is Vijai Karthigesu, Founder & CEO of Swarmio Media (CSE: SWRM). Today, Steve and Vijai sit down to discuss the future of online gaming in developing countries where credit card penetration is in single-digit percentages. Vijai also takes us through everything that investors need to know about Swarmio — the platform, […]
Beyond Rage: Beyond Meat COO Arrested for Allegedly Attempting To Bite Off Man’s Nose, Stock Hits Record Low
Well, he must have been hangry! Beyond Meat Chief Operating Officer Doug Ramsey was arrested on Friday on charges of terroristic threatening and third-degree battery following a traffic-related altercation at a parking garage near Razorback Stadium. Ramsey reportedly bit a man, “ripping the flesh on the tip of the nose.” An officer was dispatched to […]
‘Cold Turkey’: Turkish Banks Quit Russian Payment Platform Mir
A couple of Turkish bank have stopped using Russia’s Mir payment system in their respective networks. The move was said to be due to the warning of second-hand sanctions the US issued on parties that help Moscow circumvent the penalties. Isbank and Denizbank have announced separately that they have halted the use of Mir, which […]
Consumer Prices May Have Slowed in August, But Food Inflation Continues to Break Records
Both headline and core consumer prices may have slowed in August, but prices for things Canadians are purchasing the most— such as food, continue to soar to record-breaking levels. Latest data from Statistics Canada showed CPI slow from an annualized 7.6% in July to 7% in August, against expectations of a 7.3% print, marking the […]
Ford Expects Production Interruption Due To Parts Supply Shortage
Ford Motor Company (NYSE: F) is anticipating a high number of its vehicles being built to not immediately leave the warehouse as shortages in the supply chain leave the company waiting for parts. The company announced on Monday that it estimates around “40,000 to 45,000 of [vehicles], largely high-margin trucks and SUVs,” will be stalled […]
Go Metals Sees Executives Begin To Sell Off Positions Following Run-Up
In a sign of management sentiment to the current price rise in Go Metals (CSE: GOCO), the major market mover has seen insiders begin the process of selling out their stakes in the company. The firm has seen two directors begin the process of selling out their positions. The company has seen Chairman of the […]
Terra Balcanica Intersects Massive Sulfides In Two Step-Out Holes
Terra Balcanica Resources (CSE: TERA) this morning has extended the strike of its polymetallic sulphide veins at the firms Viogor-Zanik project in Bosnia and Herzegovina. The extension follows two step out holes being conducted on the Cumavici Target. The two step out holes were focused on testing the down-dip extensions of the veins, with the […]