GameStop Finally Launches NFT Marketplace, Market Shrugs
GameStop Corp (NYSE: GME) yesterday met its commitment made earlier this year when it announced the launch of its NFT marketplace. Referred to simply as GameStop NFT, a public beta version has now been made available to consumers. The platform, which was created in partnership with Immutable X, a developer that has created a second […]
Great Panther Mining To Consolidate Shares Ten To One
Great Panther Mining (TSX: GPR) is evidently looking to significantly reduce its outstanding share count. Rather than achieve this through buybacks however, the precious metals producer is electing to conduct a share consolidation, as announced last night. The consolidation will see the firms outstanding share count reduced on a ten to one basis, with shareholders […]
Another “Outage”: Rogers Lawyer Shuts Down CBC Interview After Shaw Merger Question
Rogers Communications (TSX: RCI.B) Senior Vice-President for Access Networks and Operations Kye Prigg recently went on air with CBC Politics and Power’s Vassy Kapelos to talk about the country-wide outage when someone — a Rogers lawyer, it’s assumed — had to step in and end the interview. The shut-down happened after Kapelos probed about the […]
Hong Kong To Enforce Stricter Measures To Keep COVID-19 Patients At Home
COVID-19 patients quarantined at home in Hong Kong will soon be required to wear a tracking bracelet to make sure that they stay at home. The new mandate, which will be effective starting on Friday, July 15, was announced by health secretary Lo Chung-mau at a press conference on Monday. The kind of bracelet to […]
Fisker’s Unusual Financing Strategy: Imposing US$5,000 Non-Refundable Deposit On A Popular Model
Start-up electric vehicle (EV) maker Fisker Inc. (NYSE: FSR) is attempting a new financing tactic — a substantial non-refundable deposit — which even the most established auto makers have refrained from imposing on a production vehicle. As of July 1, 2022, Fisker is requiring interested customers to not only pay a US$250 nonrefundable deposit to reserve an Ocean One Launch […]
Depositors Protesting Chinese Banks Freezing Their Accounts Met Violent Dispersal
Instead of withdrawing their money, depositors of major rural banks in the Chinese city of Zhengzhou received violent dispersal by security personnel instead, with some sustaining injuries. Around 1,000 protesters gathered before the Zhengzhou branch of China’s central bank, demanding access to their respective accounts. In April 2022, Yu Zhou Xin Min Sheng Village Bank, […]
Lundin Gold Sees BMO Capital Markets Raise 2022 Production Estimates
Last week, Lundin Gold Inc. (TSX: LUG) announced its second-quarter production results. The company said it produced 111,890 ounces of gold, made up of 75,730 ounces of concentrate and 36,160 ounces of doré. This is a slight increase in total production from the second quarter of 2021, when they produced 108,799 ounces of gold. The […]
Why Is Silver Below $20? – With David Morgan
Today, SmallCapSteve chats with David Morgan from The Morgan Report. We take a moment to dive into what he really thinks about bitcoin, try to understand why silver is below $20, and where the US dollar could be headed with the current global macro-environment. The Morgan Report is focused on educating people on the benefits […]
Bank Of Canada Could Raise Interest Rates By 75 Basis Points — Economists
After Canadian inflation soared at a 39-year-record high of 7.7%, most economists believe that the Bank of Canada will be forced to raise the interest rates once more by 0.75%. “With the economy essentially at full employment, wages starting to stir meaningfully, and headline inflation poised to test eight per cent in this month’s consumer […]
Rogers: BMO Sees Increased Regulatory Risk On Shaw Deal Closing Following Friday’s Outage
As most Canadians already know, on Friday, July 8, Rogers Communications (TSX: RCI.B) had a nationwide outage that affected internet, television, debit cards, and ATMs across the country. This outage lasted over 15 hours and upset a number of people, some of which seem to be at BMO Capital Markets, whom lowered their price target […]