Bubba Horwitz: The Real CPI Rate Is Over 20%
Joining SmallCapSteve today is frequent guest Todd “Bubba” Horwitz. Todd sits down with us to talk about the US’ chances of competing with China in manufacturing semiconductor chips, Taiwan and China, his outlook on commodities, his thoughts on the earnings season, and of course, the Fed and inflation. The founder and chief strategist of BubbaTrading.com, […]
Coinbase Widens Net Loss In Q2 2022 At US$1.09 Billion, Bloats Asset Size Five Times By Assuming Liability Of Customers’ Assets
Coinbase Global (Nasdaq: COIN) reported its Q2 2022 financials, toplined by a quarterly net revenue of US$802.6 million. This is a decline from Q1 2022’s US$1.16 billion and Q2 2021’s US$2.03 billion, as well as misses the consensus estimate of US$854 million. But for Coinbase, this is just yet another part of the cycle, asserting the […]
US Inflation FINALLY Stagnates in July, But Real Wages Are Still Plummeting
The time has come for the 16 month-long streak of rising consumer prices to finally end for the US. Well, kind of. Despite analysts calling for a reading of 8.7% following a June’s jaw-dropping 9.1% print, fresh data from the Bureau of Labour Statistics shows that headline consumer prices stagnated to an annualized 8.5%, as […]
Ned Goodman, Canadian Mining Legend, Passes Away
Ned Goodman, a luminary of Canadian mining and one of the leading architects of the country’s investment management industry, passed away on Sunday, August 7. He was 85 years old. “I am an optimist because I never met a rich pessimist. We try to avoid the things that make us pessimistic and focus on those […]
Telus Looks To Be The First Telecom To Charge Credit Card Processing Fees
It appears that Telus Corporation (TSX: T) is unhappy with the $1.7 billion in net income it posted in 2021, despite that figure being an increase of just under 35% from its net income reported in 2020. The major Canadian telecom on Monday filed an application with the CRTC that effectively seeks to increase those […]
Americans’ Confidence in the Housing Market Plummets to 10-Year Low Amid Rising Mortgage Rates
Americans are rapidly losing confidence in the country’s real estate market, as high inflation and subsequent rising mortgage rates send both buyers and sellers to the sidelines. Fannie Mae’s monthly Home Purchase Sentiment Index slumped two points to 62.8 last month, and is down 13 points from July 2021— the lowest since 2011. Comparatively, the […]
Pure Gold Sees Mineral Resources, Grades Decline In Latest Estimate Update
Pure Gold Mining (TSXV: PGM) has finally updated the current mineral resource estimate for its flagship PureGold Mine in the Red Lake, Ontario mining camp. The estimate, which has an effective date of December 31, 2021, is the first such update provided by the company since February 2019. “The thorough independent review and update led […]
Trulieve Sees Flat Q2 Results, Lowers Guidance For Full Fiscal Year
Growth appears to be slowing for Trulieve Cannabis (CSE: TRUL), whom this morning reported its second quarter financial results. The company saw its topline revenue stay nearly flat, with results driven by retail sales while wholesale, licensing and other revenue fell significantly. Revenue for the quarter came in at $320.3 million, an improvement of only […]
Elon Musk Dumps $6.9 Billion In Tesla Stock After Pumping Up Investors At Shareholder Meeting
It appears that Elon Musk has pulled a classic pump and dump on Tesla (NASDAQ: TSLA) investors, just hours after holding the firm’s annual shareholder meeting last Thursday. It appears that contrary to Musk’s famous statement, his money will not be “the first in.. last out.” At the shareholder meeting, as reported by TheStreet.com, Musk […]
“Either Russian Or No-one’s”: Kremlin General Threatened Shelling Europe’s Largest Nuclear Facility; UN Chief Warns Attacks On Nuclear Plants Are “Suicidal”
Over the weekend, Ukraine’s state nuclear power generator Energoatom reported rockets were fired at the city of Enerhodar by Russian forces, hitting the site of the Zaporizhzhia nuclear power plant–Europe’s largest nuclear facility– with rockets said to hit next to storage of spent nuclear fuel. Following the incident, Ukrainian President Volodymyr Zelenskiy called for actions […]