Delta and CrowdStrike at Odds Over July Outage Responsibility
Cybersecurity firm CrowdStrike (Nasdaq: CRWD) strongly refutes Delta Air Lines‘ (NYSE: DAL) claims regarding the July 19 global outage. The incident, caused by a faulty update, led to significant flight disruptions and financial losses for Delta. Delta CEO Ed Bastian had previously said that the outage cost the airline $500 million and announced intentions to […]
Fed Unlikely to Make Emergency Rate Cut Despite Market Pressure
An unexpected weakness in the labor market, coupled with coupled with a sharp decline in stock markets and tumbling bond yields, has raised the pressure on the Federal Reserve for an emergency rate cut over a month ahead of its scheduled meeting in September. An emergency rate cut is typically reserved for significant economic crises. […]
The Japan Carry Trade, Explained.
Right now markets are imploding. Japan’s Nikkei just had the worst day since 1987, falling as much as 12.4% – that’s basically their entire market – before recovering to a mild 7% loss. This was after two days of 5% declines. Here at home, the Nasdaq composite fell over 3.4% and the S&P500 tumbled 3%. […]
Amid Market Volatility, Robinhood Halts Overnight Trading Due to Partner Issues
Robinhood (Nasdaq: HOOD) on Monday temporarily suspended its overnight trading service due to issues with its execution partner, Blue Ocean ATS. The announcement came through Robinhood’s social media channels, informing users that the 24-hour market would be unavailable. Blue Ocean ATS, the third-party firm responsible for facilitating Robinhood’s round-the-clock trading, has halted its overnight operations. […]
Bitcoin and Ether Tumble Amid Recession Fears
The effects of last week’s weak US labor data, sluggish manufacturing activity, and the volatility of markets around the world have crept into the crypto market, causing Bitcoin to dip — albeit briefly — below $50,000 on Monday. The cryptocurrency has rebounded to over $54,000 but is still far away from March’s peak of $74,000. […]
Hezbollah-Israel Conflict Heats Up As Forces Exchange Fire
In an escalation of the ongoing conflict, Hezbollah and Israeli forces exchanged fire on Tuesday, marking a significant flare-up in tensions between the Iran-backed militant group and the state of Israel. The incident adds to the already volatile situation in the region, drawing international attention and concern. Several projectiles penetrated Israeli airspace from Lebanon, targeting […]
“Google Is A Monopolist”: Judge Rules Search Giant Cheated the System
A federal judge issued a landmark ruling against Google, a subsidiary of Alphabet Inc (NASDAQ: GOOGL), finding the tech giant guilty of violating U.S. antitrust law through its search business practices. This decision, which could significantly alter how millions of Americans access information online, marks a substantial setback for Google and has the potential to […]
Trulieve Trims Losses In Q2 2024, Thanks To Stronger Revenue
Trulieve Cannabis (CSE: TRUL) has reported an improvement in its financial results for the second quarter of 2024, showcasing the company’s strategic focus on revenue growth and market expansion. The firm’s net loss narrowed to $12 million, or 4 cents per share, compared to a staggering loss of $404 million, or $1.80 per share, in […]
Banyan Gold Slows Exploration Activity Amid Wildfires, Victoria Gold Incident
Banyan Gold (TSXV: BYN) is the latest operator in the Yukon to disclose that it has reduced its exploration activities following the incident at Victoria Gold. Banyan indicated this morning that it has slowed drilling and exploration activities over the last month, which is related to a general request by the First Nation of Na-Cho […]
Calibre Mining Receives Approval To Mine The Berry Deposit At Valentine Gold Mine
Calibre Mining (TSX: CXB) has obtained approval to expand the Valentine Gold Mine from Canada’s federal government, despite the project not yet being in production. The company has seen the government approve the environmental assessment for the Berry Deposit, which will be the third open pit at the project. “With this approval and the recent […]