Heritage Mining: Advancing A Gold Project In Northern Ontario
Heritage Mining (CSE: HML), is a newly-listed, Vancouver-based junior exploration company that is developing its flagship 14,221 hectare Drayton-Black Lake Project in Northwestern Ontario. The Drayton-Black Lake Project is located on trend and adjacent to the Treasury Metals Inc. (TSX: TML) Goliath Gold Project, which has measured and indicated resources of 1,124,000 ounces of gold […]
Biden’s Student Debt Forgiveness Plan Receives Increasing Pushback As Cost Estimates Explode
U.S. President Biden’s decision to cancel US$10,000 of debt for many student borrowers has drawn criticism from all sides. Conservative politicians and lawmakers question the fairness of the plan for individuals who chose not to attend college or those who had already paid back their debt and suggest it could add at least somewhat to inflationary […]
Gift Cards Collecting Dust: Despite Surging Inflation, Americans Are Still Holding Onto $21 Billion in Unused Store Credits
Even amid the rapid and sharp erosion of purchasing power, nearly half of Americans still have some money left in their wallets— that they’re probably overlooking. According to a recent survey conducted by CreditCards.com, 47% of consumers currently have at least one gift card, store credit, or voucher laying around that they have yet to […]
Simply Obscene: Excessive Stock Based Compensation Largely Ignored By Investors
As investors have decided to place an enormous premium on growth stocks over the last few years, a condition exacerbated by a seemingly desperate search for such names during the COVID-19 growth stock stay-at-home heyday of the summer of 2020 through the fall of 2021, investor concerns about valuations for “sexy” stocks have generally been […]
Peloton: BMO Says Q4 Leaves More Questions Than Answers
Peloton Interactive (Nasdaq: PTON) on Thursday announced its fiscal fourth-quarter financial results. The company announced that total revenue came in at $678.7 million, down 30% sequentially, while total gross profits were ($29.8) million, down 116% sequentially. Notably the company’s gross margin for connected fitness was -98.2%, or gross profits of ($290.1) million. This brought the […]
Dollarama: BMO Labels Firm As Best Inflation Stock Pick, Lifts Target To $95
On August 24, BMO Capital Markets raised their 12-month price target on Dollarama (TSX: DOL) to $95 from $80 while reiterating their outperform rating, saying that the stock is an “inflation stock pick” and notes that in prior times of high inflation, Dollarama remained resilient. Dollarama currently has 14 analysts covering the stock with an […]
European Corn Crops Expected to Fall Sharply Amid Summer Heatwave, Drought
Europeans’ wallets are slated for a tough year ahead. Not only is inflation soaring due to reckless monetary policies and geopolitical conflict, the heatwave that enveloped much of the region throughout the summer season is expected to reduce corn crops by almost double than previously expected. According to a report published by the EU’s Monitoring […]
US Jobless Claims Down For Second Week Amid Labour Market Strength
It appears that America’s labour market is still strong despite rising economic uncertainty and threats of a recession. Latest data from the Labour Department shows that applications for unemployment benefits were down for the second straight week, suggesting that businesses continue to retain employees even though the economy is on the brink of what could […]
Rumors Of Amazon Buyout That Have Since Been Disputed Still Sent Electronic Arts Soaring
In a case of much ado about nothing, Amazon.com, Inc. (Nasdaq: AMZN) was rumored to announce soon its official bid to acquire Electronic Arts (Nasdaq: EA), first reported by Swedish e-sports outlet Good Luck Have Fun (GLHF). But apparently, the rumor was just that–a rumor. “I have talked to some people who would actually know […]
Natural Gas: Soaring European Prices Have Created An Eye-Popping Commodity Arbitrage
The quadrupling in European natural gas prices over the last 2 ½ months, coupled with a much smaller increase in U.S. gas prices over that period, has created one of the most compelling commodity arbitrage plays in some time. Seemingly daily news of further Russian supply curtailments has prompted European natural gas prices to reach the […]