Gary Gensler May Soon Leave the SEC
US Securities and Exchange Chairman Gary Gensler’s tenure at the agency’s helm may be drawing to a close. He hinted as much on Thursday, delivering what observers view as a farewell address to a legal education forum. His remarks highlighted the contentious relationship between the nation’s top securities regulator and the cryptocurrency industry. “It’s been […]
Steppe Gold’s $37.3M Revenue In Q3 2024 Undermined By Cost Disparities
Steppe Gold Ltd. (TSX: STGO) reported its financial results for the third quarter of 2024, generating total revenue of $37.3 million in the third quarter, a 31% increase from $28.5 million in the second quarter of 2024 and a substantial year-over-year rise from $23.1 million in Q3 2023. This improvement was driven by higher production […]
Vaccine Stocks Plunge as Trump Taps RFK Jr. for Health Secretary
President-elect Donald Trump on Thursday announced that Robert F. Kennedy Jr. would be nominated as the Secretary of the Department of Health and Human Services, sharing the news on Truth Social. Kennedy, previously an independent presidential candidate, has been a controversial figure due to his outspoken stance on vaccines and health policies. The announcement had […]
First Gold Pour Boosts G Mining to $43M Revenue In First Quarter Of Production
G Mining Ventures Corp. (TSX: GMIN) has reported its third-quarter 2024 results, a milestone moment for the company as it transitioned into commercial gold production. The results mark the first full period reflecting activity at the Tocantinzinho gold mine in Brazil. Revenue for Q3 2024 reached $43 million, off the back of the sale of […]
Silvercorp Sees Positive Court Ruling On El Domo Project
Silvercorp Metals (TSX: SVM) has seen a positive ruling in the Ecuadorian courts related to its El Domo copper project, acquired through a merger with Adventus Mining earlier this year. The company has seen the Provincial Court of Bolivar dismiss an appeal filed by plaintiffs related to a constitutional protective action at Curipamba – El […]
Numinus Sells Utah Clinics For US$3.53 Million
Numinus Wellness (TSX: NUMI) is disposing of its US-based clinics in a transaction that is said to create an “asset-light business” while company focuses on business units and product development to “facilitate clinic efficiency and care reimbursement for mental health practitioners.” The sale will see the company let go of its five Utah-based clinics to […]
Republican States Sue SEC Over Crypto Enforcement Powers
18 Republican state attorneys general filed suit Thursday against the Securities and Exchange Commission, challenging federal authority over cryptocurrency oversight. Kentucky Attorney General Russell Coleman is leading the charge against what the states view as regulatory overreach by SEC Chair Gary Gensler and his agency. The constitutional challenge strikes at the heart of federal-state regulatory […]
FTX Files Multiple Lawsuits to Recover Funds, Including $100 Million from Scaramucci
Bankrupt cryptocurrency exchange FTX has filed 25 lawsuits seeking to recover funds from various entities and individuals, including over $100 million from former White House communications director Anthony Scaramucci, his partner Brett Messing, and SkyBridge Capital. The suits, filed in Delaware bankruptcy court, allege that FTX’s founder Sam Bankman-Fried made investments that “conveyed little to […]
Greenlight’s Einhorn Bets on Agricultural Machinery Despite Industry Slump
Greenlight Capital founder David Einhorn sees opportunity in the agricultural equipment industry despite widespread market pessimism, announcing Wednesday a new position in CNH Industrial (NYSE: CNH), a farm machinery maker. “It’s exactly the kind of situation that absolutely nobody cares about right now because it’s cheap, and the news over the next period of time […]
Ousted Ignite CEO Dan Bilzerian Sues Father Over Brand Misuse
Dan Bilzerian, influencer and former CEO of Ignite International Brands Ltd. (CSE: BILZ) filed a lawsuit against his father, Paul Bilzerian, in the US District Court for the District of Nevada on Tuesday, November 12. The suit centers around allegations that Paul used Dan’s likeness without permission to promote business dealings related to the controversial […]