GameStop To Proceed With 4-For-1 Stock Split
GameStop (NYSE: GME) is evidently looking to boost its share price via a means that has worked successfully for a number of major corporations as of late: a stock split. The firm made the announcement last night. The split is to be put in effect via the use of a stock dividend. Shareholders on record […]
CME Group To Change Lumber Futures: Smaller Contract, More Species
CME Group is set to launch a new lumber futures contract on August 8. The new derivative is said to feature a more precise hedging acumen and is designed to be more accessible to producers. The new futures are now sized at 27,500 board feet, characterized by the derivative exchange as “a single truckload to […]
Canadian Cattle Ranchers Call On Government To Investigate Inflated Meat Prices
A group of cattle producers are calling foul on surging meat prices, arguing that there is a substantial “imbalance” between the costs consumers are paying for meat and the prices ranchers receive. The Saskatchewan Stock Growers Association is calling on both the provincial and federal governments to look into what appears to be a discrepancy […]
Bitcoin Miners Core Scientific, Bitfarms Announce Major Bitcoin Liquidations in June
Aside from being a round number, the US$20,000 vicinity does anecdotally appear to be a key pivot point for Bitcoin prices. The reason: at least two major Bitcoin miners appeared to “throw in the towel” on the digital currency in June. Specifically, Core Scientific, Inc. (NASDAQ: CORZ) announced on July 5 that it had liquidated 7,202 self-mined Bitcoin […]
Move Over Tesla! Warren Buffet-Backed BYD Becomes the World’s Leading EV Seller
It appears that Tesla (NASDAQ: TSLA) is no longer the biggest seller of electric vehicles in the world, after Chinese automaker BYD surpassed its American counterpart this year. According to the latest company filings, BYD, which is backed by billionaire investor Warren Buffet, sold 638,157 electric and hybrid cars in the first half of 2022, […]
Over 25 Government Resignations Threaten UK Prime Minister Seat, Boris Johnson Vows To “Keep Going”
Embattled UK Prime Minister Boris Johnson is determined to hold on to his position even after mounting resignations from his government have now reached more than 25 officials in just 24 hours. “The job of a prime minister in difficult circumstances, when he’s been handed a colossal mandate, is to keep going and that’s what […]
Is $3000 Gold Possible? With David Garofalo – The Daily Dive
Returning to the Daily Dive this afternoon is David Garofalo, Chairman & CEO of Gold Royalty Corp (NYSE: GROY). David joins us to answer the $3000 gold price question, to share his thoughts on what will drive the gold price higher, as well to discuss company updates and financial results. Gold Royalty Corp is a […]
Toronto’s Real Estate Market Expected to Remain Unchanged Over Summer Months
Last month’s home sales continued to be impacted by rising borrowing costs, as potential homebuyers took a break from the housing market in order to monitor the trajectory of real estate prices. Latest data from the Toronto Regional Real Estate Board (TRREB) showed that a total of 6,474 homes traded hands in June, marking a […]
Warren Buffett’s Berkshire Hathaway On The Way To A 20% Stake In Occidental
Berkshire Hathaway (NYSE: BRK.A), a conglomerate owned by Warren Buffett, recently disclosed that it acquired an additional 9.9 million Occidental Petroleum (NYSE: OXY) shares, bringing its ownership to a total of 163.4 million shares, with a stake of 17.4%. Berkshire paid about US$584 million for the shares from Wednesday to Friday last week, at an […]
Alameda Research Revealed As Second Largest Counterparty In Voyager Digital Bankruptcy Filing
The crypto space is beginning to appear to be rather circular. Following the Chapter 11 Bankruptcy filing made by Voyager Digital (TSX: VOYG), numerous documents have been filed revealing the inner details of the company. Some of which, the firm had previously worked to keep private from market participants. One key item revealed as part […]