OPEC+ Might Cut Production Further By 1Mbpd To Anticipate Oil Price Decline — JP Morgan
It might be necessary for OPEC+ to cut its oil production further by 1 million barrels per day given the uncertainty in commodities markets and the falling oil prices, a JP Morgan strategist said. JPMorgan energy strategist Christyan Malek said that the oil-producing nation consortium might have to intervene in the oil market through a […]
DWAC Is Not Giving Up After Failing To Secure 12-Month Extension For Trump Media Merger Deadline
Digital World Acquisition Corp (Nasdaq: DWAC) seems to have failed to secure the shareholders’ approval on the firm’s proposed 12-month deadline extension to complete a business combination. However, the SPAC isn’t giving up on the extended timeline it hopes to provide for the pending merger deal with Trump Media & Technology Group (TMTG). After pushing […]
Cineworld Sees Bankruptcy Court Award Immediate US$785 Million ‘First Day’ Relief
British cinema chain Cineworld Group gets its ‘first day’ relief in the hopes to satisfy the firm’s creditors–up to approximately US$785 million. The theatre chain announced on Friday that the United States Bankruptcy Court for the Southern District of Texas has awarded the firm an immediate access to the relief amount, a slice of approximately […]
Mullen Automotive To Acquire Bollinger Motors Stake, Investors Question How
Mullen Automotive (NASDAQ: MULN) yesterday announced that it has taken a majority interest in Bollinger Motors, an EV startup focused on heavy duty truck applications. Today, the EV-battery focused firm was already forced to address shareholder complaints on just how the acquisition is being paid for. The acquisition saw Mullen take a 60% stake in […]
Cineplex Reports August Box Office Revenues Are Just 64% Of 2019 Levels
Despite the pandemic being viewed as effectively over by the masses, it appears that some habits still have yet to revert to pre-pandemic days. Specifically, no one is going to the movies quite like they used to. Cineplex Inc (TSX: CGX) this morning posted box office results for the month of August, and quite frankly, […]
Royal Gold Closes All-Cash Purchase Of Great Bear Royalties
The Great Bear story has come to a final close this morning, with the closing of a transaction between Royal Gold Inc (NASDQ: RGLD), and that of Great Bear Royalties (TSXV: GBRR). The previously announced acquisition has now formally closed, with the royalty associated with the well-known Dixie gold project now held by a subsidiary […]
Dutch City Bans Adverts for Meat, Holiday Flights, Fossil Fuels in Effort to Reduce Greenhouse Gas Emissions
Nevermind the freight train energy crisis that is barreling towards Europe in a few short months— the EU has a net zero emission target to reach by 2050, and reach it, it will, dammit! Setting all the lunacy that is EU energy policy aside, a Dutch city is taking the cake for complete absurdity, and […]
MindMed Sees Positive Results For Its LSD Treatment For Anxiety Disorders Published In Peer-Reviewed Journal
Mind Medicine Inc. (NEO: MMED), more commonly known as MindMed, announced on Thursday that the previously released positive topline data related to its clinical trial evaluating lysergic acid diethylamide (LSD) in the treatment of anxiety disorders has been published in a peer-reviewed scientific journal Biological Psychiatry. “This paper further reinforces the positive preliminary evidence for […]
One of Canada’s Biggest Builders Reportedly Closes Its Sales Offices — “Temporarily” and Very Quietly — Amid Price Downturn
Mattamy Homes, which claims to be the largest privately owned homebuilder in North America, has reportedly been sending emails to its customers to announce that its sales offices will be temporarily closed. In the email, the homebuilder says that its sales offices are closing to prepare for the launch of “an exciting new release” in […]
Russian Oligarchs Are Offering To Pay To Get Sanctions Lifted
It’s been more than six months since Russia’s invaded Ukraine, and the elite are running out of ideas on how to get out of the sanctions that have stifled their lifestyles and businesses. According to a report by the Financial Times, Mikhail Fridman, and other Russian oligarchs have reached out to Ukraine to offer money […]