Filo Mining: BMO Lifts Price Target To $28 Following Assay Results
This past week, Filo Mining Corp. (TSX: FIL) reported its updated assay results from three drill holes at the Filo del Sol copper-gold-silver property in Chile. The company said the highlight of the results was drill hole FSDH058, which intersected 1,251.5 metres of 0.91% copper equivalent, including 310.0 metres of 1.40% copper equivalent and 6.0 […]
Mexico Nationalizes its Lithium Industry; Adds to Growing List of Positive Fundamentals for the Commodity
Most attractive and long-lasting investment themes, including individual stocks or commodities, are characterized by lengthy periods of positive fundamentals that are briefly interrupted by less constructive news. The current 17-month lithium bull market has clearly been defined by the former characteristic, but any appreciable negative developments have been difficult to ascertain. Lithium is perhaps the most indispensable […]
Whoopsies: Someone Summoned Their Tesla And It Hit A Vision Jet
At a Cirrus event on Friday, someone attempted to use the self-driving “Summon” feature of their Tesla Model Y to disastrous results. The car seemingly demonstrated the capability of Tesla’s (NASDAQ: TSLA) self driving tech by crashing into the tail of a parked US$3.5 million Cirrus Vision Jet. A Reddit user caught the action on […]
Washington Bans Russian Ships From Docking at US Ports
In an effort to further punish Moscow for its invasion of Ukraine, the Biden administration decided to ban Russian ships from docking at all US ports, in line with similar moves imposed by Canada and other European allies. After considering such a move back in March, the White House decided to officially ban Russian-affiliated ships […]
China’s Lockdowns Could Further Fan Inflationary Pressures in North America
Investors as a whole have paid little attention to the implications of China’s decision to effectively shut down Shanghai, the country’s biggest city and home to the world’s busiest port for container traffic, and Shenzhen, a global technology center and China’s third most populous city. Highly unpopular mass quarantines and strict lockdowns have been implemented in […]
PornHub Parent Company Faces Class Action Lawsuit for Failing to Properly Screen Sexual Content
PornHub’s parent company MindGeek is facing a class-action lawsuit over failing to adequately screen sexual content before it is uploaded to its pornography website. Personal injury law firm Diamond and Diamond Lawyers filed a class-action lawsuit on behalf of Christine Wing, who alleges that intimate videos of her were uploaded to PornHub’s website without her […]
CNN Streaming To Shut Down One Month After Launch, To Issue Refunds To Subscribers
It has not been a good week for streaming platforms. CNN+, the news subscription streaming service of CNN, will close its operations on April 30, just a month after its launch in March. The decision follows the merger of WarnerMedia, CNN’s former parent company, and Discovery, forming what’s now Warner Bros. Discovery earlier in April. […]
House Republicans Request Twitter’s Board Retain all Records of Elon Musk’s Offer to Purchase Company
A number of House Republicans are calling on Twitter’s (NYSE: TWTR) board of directors to retain all records pertaining to Tesla CEO Elon Musk’s offer to buy the social media giant, potentially preparing for a congressional probe in the event the right wing party gains majority later this year. According to documents seen by CNBC, […]
Disappointing 1Q 2022 Earnings Results of Auto Parts Suppler Could be Warning Sign for Entire Auto Industry
On April 22, Stockholm, Sweden-based auto supplier Autoliv, Inc. (NYSE: ALV) reported disappointing 1Q 2022 earnings. Autoliv produces and sells safety-related parts which are standard equipment in all vehicles, such as airbags, seatbelts and steering wheels, to many leading global car manufacturers. The earnings miss at Autoliv, a relatively little-known mid-cap company (US$6.3 billion stock market valuation), is […]
Russia Classifies Import/Export Data Publications to Prevent Speculation
Russia’s customs service has decided to temporarily stop releasing import and export data in an effort to prevent the West from speculating on the impact of sanctions on the country. According to Reuters, the Federal Customs Service suspended the publishing of trade balance data to make it more difficult for Washington and the European Union […]