Palmer Luckey Calls Taylor Lorenz And WaPo Out: Correction Scandal Is Not An Isolated Incident
Oculus VR founder Palmer Luckey on Monday shared on Twitter that he had also been a victim of sloppy reporting on separate occasions by Taylor Lorenz and The Washington Post. This thread follows days after Lorenz and WaPo were caught in a “correction scandal” for her analysis of the Johnny Depp-Amber Heard trial. Luckey shared […]
Twitter: Market Looks To Be Pricing In A Reworked Deal Between $42 – $45 Range
On June 6, lawyers for Elon Musk sent a threatening letter to Twitter, Inc. (NYSE: TWTR), which could be seen as a prelude to an attempt to terminate (at no cost) his US$54.20 per-share deal to acquire the social media company because of a “material adverse effect.” Mr. Musk accuses Twitter of “resisting and thwarting” his right […]
New York Senators Pass Bill to Ban Certain Energy-Intensive Crypto Mining
Lawmakers in New York passed a moratorium on certain cryptocurrency mining, in an effort to reduce the state’s carbon footprint. Late last week, a group of senators from New York passed a bill that, if approved by the state’s Governor, would put a two-year ban on crypto mining that uses proof-of-work to authenticate blockchain transactions. […]
Israeli Tech Firm SaverOne Set To Close US$13 Million Nasdaq IPO
Transportation tech platform SaverOne 2014 Ltd. (Nasdaq: SVRE, SVREW) started trading on the Nasdaq on Friday. The Israel-based firm aims to raise approximately US$13 million in its debut on the US big board. The offering consisted of 2,941,918 company units at US$4.13 a piece and 208,282 pre-funded units at US$4.129 each. Each unit represents one […]
Is Gold Your Hedge Against Inflation? – The Daily Dive
Today on The Daily Dive we see the return of frequent guest Gareth Soloway, of InTheMoneyStocks.com. Gareth sits down with us this afternoon to discuss the recent three part plan outlined by US President Biden to fight inflation and what impact it may have, Yellen admitting she was wrong, and the best hedge against inflation […]
Toronto Stock Exchange Debuts Battery Metals Index
The Toronto Stock Exchange is set to celebrate today the launch of its new S&P/TSX Battery Metals Index. The said benchmark aims “to provide investors increased exposure to, and deeper insights into the cleantech and energy transition story.” “Toronto Stock Exchange remains focused on the future, committed to working with our clients and industry stakeholders […]
Auxico Inks Joint Venture Aiming To Produce 1.37 Million Tonnes Of Rare Earth Concentrate
Auxico Resources Canada Inc. (CSE: AUAG) announced today the signed joint venture agreement with Cooperativa Estanifera de Mineradores da Amazônia Legal for the Massangana tailings joint venture in the State of Rondônia, Brazil. The project is estimated to contain 30.0 million tonnes of minerals, including 1.37 million tonnes of rare earth concentrate. The mining firm is […]
New Target: Markdowns And Canceling Orders To Clear Excess Inventory
The brutal economic situation has left Target Corporation (NYSE: TGT) with too much inventory on its hands. The situation has put the firm in a position where the store chain had to launch a series of stop-gap measures to mitigate the bulging supply, leading to expected lower profits for the next quarter. “We’ve had some […]
GasBuddy Data Points To Possible Start Of Demand Destruction
Have gas prices soared so high that people are just deciding not to drive? GasBuddy analyst Patrick De Haan shared on Twitter that according to GasBuddy data, demand for gasoline in the US fell 2.3% from the previous week and was 1.5% below the four-week rolling average. Gas prices continue to soar, and is likely […]
Understanding Canadian Soccer Business & The Halting of Play Amid World Cup Qualifier
The Canada Men’s National Soccer Team’s players caused international headlines this week when they refused to take the pitch for a scheduled friendly against Panama at Vancouver’s BC Place Stadium, in an apparent dispute with the sport’s national governing body Canada Soccer over pay. A letter released by the players (hat tip TSN’s Rick Westhead) […]