SpaceX’s Static Fire Test At Starbase Burned 68 Acres Of Protected Refuge In Texas
A static fire test at SpaceX Starbase started a grass fire that led to burning of 68 acres of brush at a protected refuge in Boca Chica, Texas. The aerospace firm conducted the test for its prototype of Starship and lit all six boosters. However, the fire extended to the nearby Las Palomas Wildlife Management […]
Nord Stream 1 Shutdown Further Exacerbates Fertilizer Crisis That Threatens Global Food Security
As European leaders worry about keeping their people warm and making sure the lights don’t turn off this coming winter, African leaders are sounding the alarm about an impending food shortage and growing civil unrest. These two crises are linked together by a single catalyst: Russia’s war in Ukraine. The Nord Stream 1 shutdown, with […]
Canada Pension, OMERS Sell Chicago Skyway Stake Despite Legal Threats From Buyer’s Top Shareholder
Canada Pension Plan Investment Board (CPP Investments) and OMERS Infrastructure announced on Monday that they have agreed to sell their respective 33.3% stakes in Skyway Concession Company (SCC), the firm that manages the Chicago Skyway toll road. The transaction combined is reportedly for a total consideration of US$2.013 billion. Each of the Canadian firms holds […]
Why Is Tesla Adding Coding Named After Each Of The Crash Testing Firms?
Doubts have been cast on the stellar results Tesla (NASDAQ: TSLA) has been getting from car safety programs. A Twitter user familiar with code-based features raised an observation on potential modifications the carmaker is doing for the units it submits for crash testing. “Tesla just added ANCAP support in their code. This is in addition to […]
IMF To Provide Emergency Funding To Help Mitigate Impact Of Russia’s War In Ukraine
The International Monetary Fund will reportedly launch a food aid program that will provide emergency funding to emerging-market economies facing war-induced food price shocks, according to a Reuters report. According to the report, the plan, which will be presented at an informal board session, would allow the Washington-based lender to provide assistance to Ukraine and […]
More Supply Chain Chaos: Looming US Rail-Strike Poses Severe Economic Consequences for the Biden Administration
America’s rail system is about to collapse, and the White House is making every effort to prevent a complete supply chain disaster. tens of thousands of rail workers are preparing to go on strike as early as the end of the week, a railroads and unions remain embroiled in negotiations over pay increases and updated […]
Is The Clean Energy Transition Pushing Energy Price Hikes?
Joining SmallCapSteve this afternoon is Serafino Iacono, CEO and Director of NG Energy International Corp (TSXV: GASX). SmallCap sits down with Serafino today to get his take on why energy prices are so high around the world, and how the lack of investment in the oil and gas sector is affecting the commodity markets. We […]
Oil-Out War: Biden Threatens Sanctions On Russian Oil Buyers Who Ignore Price Cap, Putin Warns Total Energy Export Halt
The weaponization of energy exports is on full display as the US warns of imposing sanctions on buyers of Russian oil that would flout the G7-proposed price cap. In guidance issued by the Treasury Department, the Office of Foreign Assets Control expects an executive order that would prohibit maritime services for buyers, “if the seaborne […]
Robinhood Reports August Metrics: Trading Jumped, Users Plateaued, Crypto Declined
Robinhood Markets, Inc. (Nasdaq: HOOD) announced its operating data for August 2022 on Monday after the bell. The retail exchange saw its net cumulative funded accounts and monthly active users plateau vis-a-vis its July counterparts. Net cumulative funded accounts for the month came in a 22.9 million, unchanged from July and a marginal increase from […]
US Continues To Deplete Strategic Petroleum Reserves, Now At A Record 38-Year Low
Continuing on with its plan of releasing 1 million barrels per day, the United States has seen its Strategic Petroleum Reserve fall below 450 million barrels–its lowest level in 38 years. Based on the latest data from the US Energy Information Administration, the country’s reserves were at around 434.1 million barrels for the week ended […]