Ethereum Merge Puts Crypto Asset Under SEC’s Radar
It seems there’s a lot more at stake with Ethereum’s software update to a staking model based on the US Securities and Exchange Commission’s earlier comments on the consensus system. SEC Chairman Gary Gensler commented on how crypto holders who “stake” their coins through a proof-of-stake (PoS) model might be considered as an investment that […]
Canadian Housing Starts Down 3% in August as Multi-Units Tumble
Canadian housing starts were down between July and August, as the pace of urban starts slowed down. The Canada Mortgage Housing Corporation (CMHC) reported on Friday that housing starts stood at 267,443 units in August, marking a decline of 3% from the month prior. Still, the figure came in higher than the 265,000 forecast by […]
Uber “Currently Responding To A Cybersecurity Incident” While The 18-Year Old Hacker Openly Discusses How He Did It
Uber Technologies, Inc. (NYSE: UBER) said on Friday that it is “currently responding to a cybersecurity incident” after it was reported that a hacker infiltrated the company’s internal network. To add salt to the proverbial digital wound, the hacker–reportedly an 18-year old–himself announced the hack to Uber employees via compromising the Slack account of one […]
If The Sanctions Aren’t Working, Why Is Russia Making A 10% Budget Cut?
Russia’s finance minister just announced a 10% budget cut across the board after the government suffers its biggest revenue collapse in 11 years. The cut is being made after Moscow sustained a budget hole the size of 1.5 trillion rubles during June-August. According to a source close to the cabinet, so-called “unprotected items” will go […]
IAMGOLD Sees Chief Financial Officer Exit Company
IAMGOLD Corp (TSX: IMG) continues to churn through members of management in connection with their seemingly endless capital issues. The firm this morning saw Daniella Dimitrov resign from her role as Chief Financial Officer and EVP, Strategy & Corporate Development. The resignation will see the firms current vice president of finance, Maarten Theunissen, appointed to […]
West Red Lake To Be Acquired By Frank Guistra’s DLV Resources
West Red Lake (CSE: RLG) has reached terms to proceed with a previously announced business combination. The firm will be combining with DLV Resources (TSXV: DLV.H), which is held in large part by Frank Guistra. The definitive agreement will see West Red lake acquired for 0.125 of a share for each share held, equating to […]
Japan Concedes Authorities Likely Don’t Have the Tools to Combat Rapidly Falling Yen
The yen is falling sharply, further widening the country’s trade gap to a record, and Japanese authorities do not have the means to meaningfully intervene. The Japan Liberal Democratic Party head of research commission on financial affairs Satsuki Katayama is is sounding the alarm on the yen’s rapid decline, ominously acknowledging that Tokyo is prepared […]
Putin Allegedly Rejected A Provisional Peace Deal With Ukraine That Satisfied His Initial Demands
As Russia’s war in Ukraine broke out in February, Vladimir Putin’s chief envoy to Ukraine was allegedly able to strike a provisional deal that had Kyiv agreeing to Moscow’s demand that Ukraine stays out of NATO, Reuters reported. But the Russian strongman allegedly rejected the deal and went ahead with the invasion. The report, which […]
BMO: Dollarama Is “Resilient During Periods Of High Inflation”
On September 9, Dollarama (TSX: DOL) announced its second quarter 2023 financial results. The company stated that revenues grew 18.2% year over year to $1.217 billion, while EBITDA grew 25.8% to $369.4 million, or a 30.4% margin. Operating income increased 30.3% to $287.4 million, and diluted net earnings increased to $0.66. The company noted that […]
Cardi B Is Furious Over Inflation, Cost Of Housing: “Living Is Unbearable”
Grammy-winning songwriter and rapper Cardi B took to Instagram Live on Saturday to air out her outrage over inflation and the soaring cost of housing. The rapper was comparing prices from when she was helping out a cousin look for a new apartment just a few months ago to recently when she was helping out […]