Vermont Regulator Says Celsius Is “Deeply Insolvent”, Lender Closed All DeFi Stablecoin Debt
The Department of Financial Regulation of the US state of Vermont is encouraging investors of Celsius Network to proceed with caution, claiming that the crypto exchange’s “assets and investments are probably inadequate to cover its outstanding obligations.” “The Department believes Celsius is deeply insolvent and lacks the assets and liquidity to honor its obligations to […]
Tilray: Haywood Slashes Price Target From $7.25 To $4.00
Tilray Brands (TSX: TLRY) is expected to report its fiscal fourth-quarter results on July 26th. The consensus revenue estimate is US$152.2 million, this estimate has slowly dropped over the last year as the original estimate was US$228 million. EBITDA is expected to come in at just US$11.28 million, this consensus estimate is also down from […]
New Poll Shows 64% Of Democrats Don’t Want Joe Biden In 2024
A new poll by the New York Times/Siena College shows that Democratic voters may be losing faith in President Joe Biden as people struggle with the rising cost of living and inflation. 64% of voters from his party would prefer to have someone else hold the banner for the 2024 presidential campaign. While 63% of […]
July 22 Doomsday: Gazprom Cannot Guarantee “Good Functioning” Nord Stream Pipeline, Points To Turbine In Repair From Canada
As the Nord Stream 1 pipeline undergoes its scheduled 10-day maintenance, all eyes are on the 22nd of July when the pipeline is scheduled to go back online. Markets are now iterating scenarios should Russia decide to keep the pipeline closed – cutting off a huge natural gas import source for the rest of Europe. […]
New Gold: BMO Cuts Price Target Significantly After Guidance Revisions
On Monday New Gold (TSX: NGD) reported its second quarter production results. The company produced 52,431 ounces of gold and 7.4 million pounds of copper, bringing the company’s total gold equivalent ounces produced for the quarter to 70,514. During the quarter, the company sold 51,223 ounces of gold and 4.4 million pounds of copper. The […]
Bank Of Canada Unexpectedly Hikes Key Rate By Full Percentage Point
In a surprising turn of events, the Bank of Canada decided to raise its interest rate from 1.5% to 2.5%, against a widely-expected 75 basis-point increase – although JPMorgan correctly predicated a 100 bps increase. Canada’s central bank surprised markets on Wednesday, announcing a colossal 100 basis-point jump to its policy rate. The sudden move […]
Donald Trump Fires Back, Says He Could’ve Asked Elon Musk To Drop To His Knees And Beg
And so the Donald Trump-Elon Musk social media melodrama continues. In a not-so-surprising turn of events, the former US president has posted a response to the world’s richest man telling him he’s too old to run for president in 2024, and it’s time for him to “sail into the sunset.” The response, also not surprising, […]
America’s Inflation Problem: June CPI Hits Yet Another Record As Real Wages Continue to Plummet
Just when you thought you were under the impression that things might, just might, be getting unimaginably worse— bam! Inflation hits an eye-watering 9.1%. Don’t put away the tissues yet! The latest CPI print jumped a staggering 1.3% between May and June, following a 1% increase in the month prior. That’s right, over the last […]
Jushi Sees CFO Depart After Less Than A Year, Looks To Enforce Non-Compete
Jushi Holdings (CSE: JUSH) has seen its chief financial officer leave the company in search of greener pastures. The CFO, Ed Kramer, has left the company after less than a year on the job with the multi state operator. What’s more, is there appears to be some discontent with his departure. Jushi indicated that Kramer […]
Arctic Star Exploration Closes $1.0 Million Financing
Arctic Star Exploration (TSXV: ADD) should now be fully cashed up and ready to explore following the closing of a private placement transaction. The company has formally closed on a financing, which saw the sale of 14.3 million units. Under the terms of the financing, units were issued at a price of $0.07 per each, […]