Yamana Gold To Be Acquired By Gold Fields For US$6.7 Billion
Consolidation is beginning to get underway within the gold space amongst producers. This morning it was revealed that Gold Fields (NYSE: GFI) would be acquiring that of Yamana Gold (TSX: YRI). The transaction will see the creation of a top four global gold producer, which will be headquartered in Johannesburg, South Africa. On a combined […]
Is Credit Suisse Failing? Bank Looking to Raise Capital Following String of Losses
After suffering a number of financial losses over the past several years, Credit Suisse is apparently forced to explore new avenues of raising capital in an effort to boost its financial position. According to Reuters which cited individuals familiar with the matter, Credit Suisse is looking into boosting its financial buffer by raising over $1 […]
AMC Shares Jump on Top Gun Movie Buzz
Shares of AMC Entertainment Holdings, Inc. (NYSE: AMC) jumped US$2.20, or 18%, on May 27, largely on anticipation of a strong North American box office showing for the much anticipated, well-reviewed Tom Cruise movie, Top Gun: Maverick. The movie did indeed perform well, recording US$151 million in ticket sales over the U.S. four-day Memorial Day weekend, moderately above estimates […]
Crude Oil Jumps Above $120 as EU Members Stall on Russian Oil Embargo, Shanghai Eases Covid-19 Restrictions
Crude prices hit a two-month high this week, as China continued to ease Covid-19 restrictions and the EU failed to come to a consensus on a Russian oil embargo. Brent crude continued its rally on Monday topping $120 per barrel— the highest since the end of March, after Shanghai officials announced that manufacturing activity could […]
Celsius Wants You To Start #HODLing So Bad You Might Even Get US$1000
Celsius Network founder and CEO Alex Mashinsky on Sunday tweeted what appears to be a mini-promo to entice people to put money into the cryptocurrency platform. He points out that “these are hard times for many,” and then offers to “personally give” one new user US$1,000 if they HODL to build their “financial freedom.” Less […]
American Express Global Business Travel To Be Taken Public In A US$5 Billion SPAC Merger
Travel platform American Express Global Business Travel is set to make its New York Stock Exchange debut on Tuesday after it has closed its business combination with special purpose acquisition company Apollo Strategic Growth Capital (NYSE: APSG) on Friday. The transaction values the combined company with a market capitalization of US$5.3 billion and an enterprise […]
Eguana Tech: Operations Hit Scale – With Justin Holland
Starting off the week for our video content is Justin Holland, CEO of Eguana Technologies (TSXV: EGT). Justin sits down with Steve and Jay on SmallCapSteve Live! to discuss the commissioning of the firms new facility in San Jose, California for the production of the Duracell Power Centre+, production goals for 2022, the firms launch […]
Terra 2.0: The Blockchain That Lost US$60 Billion Is Back, Loses 68% On First Day
When someone causes investors to lose up to US$60 billion, you’d expect authorities to put prohibitive measures to keep it from happening again. Apparently, if it’s a cryptocurrency blockchain, it gets a warm “welcome back,” instead. Not even a month has passed since Terra collapsed after its stablecoin, TerraUSD, lost its peg to the dollar, […]
BMO Lowers Price Target On Equinox Gold Following Production Suspension At RDM Mine
Earlier this month Equinox Gold (TSX: EQX) revealed that they are temporarily suspending operations at their RDM Mine due to permit delays. The company has said that its permits for the tailing storage facility have been delayed and that they are in active discussions with regulatory authorities. Equinox Gold says that the tailing storage facility […]
Will Cutting Down Workforce, Executive Salaries Cut It For Akerna?
Akerna (Nasdaq: KERN) announced on Friday major strategic plans to cut down its operational costs. The move includes reducing its workforce size and implementing a 25% cut on the salaries of its executives. “We can see a path to positive cash flows and profitability, and the board and the management team are committed to getting […]