Traders Using Private Messaging Apps Could Now Cost Big Banks Almost US$1 Billion Settlement
The giants of the banking institutions are expected to settle with the US Securities and Exchange Commission and the Commodity and Futures Trading Commission related to the agencies’ investigation into the use of banned private messaging apps like Whatsapp by the banks’ traders. According to people familiar with the matter, the total settlement could possibly […]
CloudMD Posts $40.3 Million In Revenue, $44.2 Million Net Loss In Q2 2022
CloudMD Software & Services Inc. (TSXV: DOC) reported on Monday its Q2 2022 financials, highlighting a quarterly revenue of $40.3 million, down from Q1 2022’s $41.4 million but up from Q2 2021’s $15.7 million. The firm is attributing the year-on-year increase to the continued revenue contribution from the acquired MindBeacon business through Enterprise Health Solutions. […]
Flying Nickel To Acquire Nevada Vanadium, Months After Both Were Spun Out Of Silver Elephant Mining
It appears that certain executives within the Canadian junior mining space enjoy consuming shareholder dollars via lawyer fees. Flying Nickel Mining Corp (TSXV: FLYN) this morning revealed that it has entered into a non-binding letter of agreement with Nevada Vanadium Mining Corp for the two firms to merge. The proposed merger follows the two assets […]
Rockland Resources Sees Channel Samples Assay 25.2 Metres Of 1,388 PPM Lithium
The latest assays have been released for Rockland Resources’ (CSE: RKL) channel sampling program at its new Lithium Butte Claystone property in Utah. The sampling program follows strong initial grab sample assays conducted by the company earlier this year. A total of 21 samples have reportedly been taken on the property, with the channel samples […]
Medmen Closes Sale Of Florida Assets To Ex-Bluma Wellness Execs
Medmen Enterprises (CSE: MMEN) has finally closed the sale of its Florida operation, albeit at a reduced price. The firm announced yesterday after the bell that the asset had been sold to a private firm referred to as Green Sentry Holdings. At the time of announcement in February, the asset, which includes the required license […]
Terra Balcania Identifies Polymetallic Sulphides In First Drill Hole
Terra Balcanica (CSE: TERA) has started off its 2022 drill program strong at its Viogor-Zanik property in Bosnia and Herzegovina. The firm this morning reported preliminary results from the first hole conducted on the property. The company has reportedly seen its first drill hole intersect a massive polymetallic sulphide vein at a shallow depth of […]
“There Will Be Looting”: Swiss Police Chief Warns The Possibility Of People Rebelling To Impending Power Shortage
As Switzerland prepares for the energy shortage come winter, the country’s police chief conjectures the importance of considering the ramifications on security, claiming that law enforcement should be better involved in the overall preparatory work. In an interview with Swiss daily Blick, Fredy Fässler, chief of the Security and Justice Department of the St. Gallen […]
Elon Musk Subpoenas Jack Dorsey as Twitter Buyout Battle Escalates
The battle of billionaires escalated on Monday, after Elon Musk subpoenaed co-founder and former Twitter CEO Jack Dorsey as the social media company looks to make the Tesla CEO go through with his proposed $44 billion buyout. In preparation for the Twitter versus Elon Musk October 17 trial date at the Delaware Court of Chancery, […]
Is Chamath Palihapitiya Ready To Accept That The SPAC Era Has Ended?
Recent Securities and Exchange Commission filings confirm that two of Chamath Palihapitiya’s special-purpose acquisition companies (SPACs) are struggling to complete deals. The filings follow after warrants on both stocks rose, seemingly signaling that the man once hailed as the ‘SPAC King’ would be able to close deals for two of his blank-check companies. But apparently, […]
Ford to Cut 3,000 Jobs Ahead of Potential Recession
Ford is embarking on a restructuring process that will cut about 3,000 employees from its workforce, in an effort to reduce costs ahead of a potential recession and 40-year high inflation. According to a letter to employees obtained by CNBC, Ford began notifying its staff that about 2,000 salaried positions and 1,000 agency jobs across […]