Jim Cramer Loses It Over Meme Traders After One Questions His Legitimacy
Is it entertainment or is it real advice? A retail trader might have pushed Jim Cramer a little too close to an existential crisis earlier today. The trader, who goes by TDog AMC, pointed out that the host of CNBC’s Mad Money does not have any financial license, and is only talking about stocks on […]
Coinbase: Trading Volume Estimates Point To Weak Q2 Earnings
Last week, analysts at Mizuho estimated that the trading volume on Coinbase Global, Inc.’s (NASDAQ: COIN) platform have fallen to about US$1.2 billion a day from a peak of nearly US$7 billion in November. Furthermore, the brokerage firm believes that Coinbase transactions represent only 2.9% of global cryptocurrency trading volume in July, down from 5.3% in 1Q 2022 […]
Were Celsius Withdrawals Halted Because Of A Tether Margin Call?
Documents filed as part of Celsius Network’s Chapter 11 application reveal that the crypto lender’s decision to halt withdrawals in June was largely brought about by the decision to not provide Tether additional collateral and instead agree to have the loan liquidated. According to the document, Celsius lost close to US$100 million in May and […]
The Fed Blew It, Now What? – With Peter Grandich
Today SmallCapSteve sits with Peter Grandich, CEO of Peter Grandich & Company. Peter shares his thoughts on the dollar and inflation, and then we dive into his read on the immediate future of junior mining and commodities. Also discussed is the state of real estate and the pandemic bubble that was created. Peter Grandich & […]
Tesla: Analysts Call For Q2 Earnings Per Share Of $1.83
Tesla (NASDAQ: TSLA) will be reporting its second quarter financial results on July 20 after markets close. Analysts have a consensus $883.15 12-month price target on the company, via a total of 45 analysts, with 11 analysts having strong buy ratings. 15 analysts meanwhile have buy ratings, 10 have hold ratings, 6 have sell ratings […]
IEA Warns EU to Ration Gas Immediately as Storage Facilities Run Dangerously Low Ahead of Winter
The EU is preparing to instruct its member states to ration natural gas usage after the IEA warned that the continent would suffer major shortages should its storage facilities run low ahead of the winter months. According to a draft document seen by the Financial Times, the European Commission will issue voluntary gas reduction targets […]
Superior Gold Tumbles On Poor Q2 Production Results
Superior Gold (TSXV: SGI) fell as much as 16.9% today before rallying slightly following the firm posting its second quarter production results. Production during the quarter was said to be hampered by both the ongoing pandemic as well as adverse weather events. Superior managed to produce a total of 15,196 ounces of gold during the […]
European Commission: Nord Stream 1 Not Expected to Restart Following Maintenance
The European Commission is not anticipating the Nord Stream 1 pipeline to restart following the conclusion of scheduled maintenance, a move that could plunge the region’s economies into an energy crisis. According to the Wall Street Journal which cited European Budget Commissioner Johannes Hahn, Gazprom may not turn natural gas flows back on following annual […]
Karora Resources Intersects 29.8 g/t Gold Over 7.8 Metres
Karora Resources (TSX: KRR) this morning released the latest drill results from its Beta Hunt drill program. Referring to the results as the “highest grade interval to-date,” the results are said to indicate the potential for high grade mineralization to continue at depth. Highlights from the results, which focused on the Larkin Zone, include: BL1890-01AR: […]
Canopy Growth Settles $263 Million In Debt By Issuing 76.8 Million Shares
Canopy Growth Corp (TSX: WEED) has closed on its previously announced transactions to settle certain outstanding debt ahead of a maturity next year. The settlement reduced debt obligations by a total of $263 million. The debt being settled related to its 4.25% unsecured notes due in 2023. With $600 million worth of the notes initially […]