No, Anthony “Pomp” Pompliano Isn’t Done With Bitcoin — Maybe It’s Just Character Development?
The meme account @BusinessFamous called it: the Twitter profile of Anthony Pompliano, more popularly known as Pomp, was missing a few very significant details: “laser eyes, gone. Bitcoin in bio, gone.” Many wondered if this meant that the Bitcoin influencer has had a change of heart. Pompliano, who’s a partner at Morgan Creek Capital, has […]
History Shows That A Strong U.S. Dollar Is Bad News For The S&P 500
As the U.S. Federal Reserve continues to tighten monetary policy to combat inflationary pressures, the U.S. dollar has rallied for months. Much higher short-term interest rates available in the U.S. than in Europe or Japan have prompted capital to flow to the United States. The U.S. overnight interest rate is 2.50%, and the Fed is expected to […]
Canaccord: Ford’s Absence From Rivian-Mercedes Deal Is Telling
On September 8, Mercedes-Benz announced that they had signed a Memorandum of Understanding with Rivian Automotive, Inc. (NASDAQ: RIVN) for a “strategic partnership and joint production of electric vans.” The joint venture will “look to leverage shared investments, shared costs and will pursue operational synergies to rapidly scale electric van production.” In the news release, […]
GameStop Reports Another Down Quarter; NFT Marketplace Flops
After the regular market close on September 7, GameStop Corp. (NYSE: GME) reported another quarter in which its revenues were down, and its net loss per share and operating cash flow deficit widened from the year-ago period. In 2Q FY23, which ended July 30, 2022, the company’s revenue, adjusted diluted EPS, and operating income were US$1,136 million, (US$0.35), […]
Trillion Energy Sees Drill Rig Begin Journey To SASB Gas Field
The moment Trillion Energy (CSE: TCF) investors have anxiously been waiting for has finally arrived. The Uranus drill platform, which is set to conduct a seven-well drill program plan for the company, has finally left the port of Constanta, Romania, and is en-route to the firms SASB gas field. The platform took off early on […]
Pierre Poilievre Wins Conservative Party Leadership
Buckle up, Justin Trudeau, Pierre Poilievre is coming for your throne! The 43-year old politician was announced the winner of the Conservative Party leadership at Ottawa’s Shaw Center on Saturday evening, following a seven-month campaign battle where he took strong viewpoints on topics that were otherwise divisive among Canadians. Poilievre victoriously took 68.15% of the […]
Kim Kardashian’s New Venture Is A Private-Equity Firm And It Has Two Ks
Kim Kardashian is teaming up with Jay Sammons, a former partner at Carlyle Group Inc, for a new private-equity firm that will invest in building consumer and media businesses. SKKY Partners is the newest addition to Kardashian’s billion-dollar business empire. Earlier this year, she launched a nine-product skincare line, SKKN BY KIM, and in 2019 […]
HSBC Found Not Liable for 2009 Al-Qaeda Bombing at CIA Base
A US appeals court earlier this week ruled that HSBC (NYSE: HSBC) cannot be held liable for damages caused to families of two victims killed in an Al-Qaeda bombing attack, despite the bank circumventing US sanctions to provide financial services to Iranian and Saudi Arabian intermediary banks. As first reported by Reuters, a 2-1 decision […]
Freight Rail Strike Looms in the U.S., Would Have Major Economic Effects
As investors look forward to two key economic releases/events over the next two weeks — the September 13 release of the August U.S. Consumer Price Index (CPI) and the September 20-21 Federal Open Market Committee meeting of the U.S. Federal Reserve — another event could trump both in near-term economic impact At just after midnight ET […]
MicroStrategy Files For $500 Million At The Market Financing To Buy Bitcoin
MicroStrategy (NASDAQ: MSTR) is looking to again dilute shareholders, seemingly in an effort to prop up the price of bitcoin. The firm late last night filed a prospectus, indicating it is looking to conduct a significant at-the-market offering. The offering will see the firm sell up to US$500 million in common shares on the open […]