Will Gold Go Below 1800? – The Daily Dive
Today on The Daily Dive, the founder & CEO of Bubba Trading returns. We sit down with Todd “Bubba” Horowitz to talk about his thoughts on rising costs, the Fed’s efforts to tame inflation, US President Joe Biden blaming oil and gas companies for rising costs, Russia and China’s relationship, a looming global food crisis, […]
Gensource Targets Doubling Capacity To 500,000 Potash Tonnes Annually At Tugaske Project
Gensource Potash Corporation (TSXV: GSP) became the latest firm to up its potash capacity game. The firm announced on Tuesday a commitment with a strategic investor to grow the annual potash production to 500,000 tonnes from 250,000 tonnes at its project located near Tugaske, Saskatchewan. Together with investor and offtake partner, HELM AG and subsidiary […]
The Now Penetrable Fortress: Six-Year Investigation Leads To Fraud Charges Against Founders
It might have taken six years but the Royal Canadian Mounted Police (RCMP) investigation of Fortress Real Developments is finally heading to court. The federal law enforcement arm has officially charged the real estate firm’s founders related to fraudulent acts in its syndicated mortgage investment scheme. The Mounties charged Fortress founders and executives Jawad Rathore […]
Consumer Prices Soar 7.7% as Inflation Becomes Unhinged
Canadians continue to feel the pain of the eye-watering surge in consumer prices, as May’s CPI reading hit a staggering 7.7%— the sharpest annual gain since January 1983. Latest data from Statistics Canada showed that prices continued to rise across the country despite the central bank’s hawkish efforts to tighten ultra-accommodative monetary policies. Following a […]
Altria’s Juul Labs Expected To Be Ordered By US FDA To Remove Products From Market
Altria (NYSE: MO) was dealt a heavy blow this morning when it was reported by the Wall Street Journal that Juul Labs, whom Altria owns a 35% stake in, would be ordered by the US Food and Drug Administration to remove its e-cigarettes from the US market. The decision is expected to be formally announced […]
Binance.US Removes Fees On Bitcoin Trades In Bid For User Growth
With the crypto markets continuing to slowly self destruct, the US affiliate of Binance is apparently looking for new ways to attract fresh capital to the market. Their latest attempt at obtaining this new capital, is a tried and true method derived from the likes of Robinhood – no fee trading. Binance.US this morning revealed […]
Alexco Suspends Milling Operations, Needs Additional Funding To Support Operations
Alexco Resource (TSX: AXU) appears to be having some difficulty in preparing its Keno Hill property in the Yukon for full scale production. The firm this morning revealed it is not only being forced to halt certain operations, but also that it needs additional funding if it wishes to obtain full scale production. “As previously […]
Electra Battery Materials Considers Construction Of Second Cobalt Sulfate Refinery
They may not have yet completed their first cobalt sulfate refinery, but Electra Battery Materials (TSXV: ELBM) already has growth on its mind. The company is reportedly “evaluating” the development of a second such facility within Canada. The new facility currently being evaluated would be constructed in connection with an effort by the Government of […]
Voyager Digital Reveals $655 Million Exposure To Three Arrows Capital
It appears that Voyager Digital (TSX: VOYG) may be in trouble with respect to its exposure to Three Arrows Capital, whom is also known as 3AC. The firm this morning quietly announced that it may issue a notice of default to the firm. Voyager reportedly has exposure to the crypto hedge fund via 15,250 bitcoin […]
Europe Weighing Reluctant Return To Coal As Russia Squeezes Oil Supply
Some European countries are planning a return to coal in an effort to avoid a winter gas shortage as Russia reduced gas supplies through the Nord Stream 1 pipeline and the continued threat of Russian gas supply disruptions looms. The decision to turn to carbon emission-rich coal will likely delay the region’s transition away from […]