Surge Battery Metals Averages 3,003 ppm Lithium Over 54.1 Metres In Latest Hole
Positive assay results continue to come in for Surge Battery Metals (TSXV: NILI), who this morning reported results for hole NN2305 at its Nevada North Lithium Project. Highlights from the results include: NN2305: 19.1 metres of 3,437 ppm lithium from 0.0 metres, including 15.2 metres of 3,926 ppm lithium 15.2 metres of 3,226 ppm lithium […]
Crescent Point Acquires Hammerhead Energy For $2.55 Billion
Crescent Point Energy (TSX: CPG) has announced a significant development in the form of an agreement to acquire Hammerhead Energy (TSX: HHRS), a producer focused on oil and liquids-rich assets in Alberta’s Montney region. This acquisition comes with a total price tag of approximately $2.55 billion, inclusive of assumed net debt of around $455 million, […]
Cruise’s Tumultuous Cruise To Self-Driving Cars
Cruise, a subsidiary of General Motors, faces its own set of safety concerns as it works on autonomous vehicles. It is grappling with regulatory backlash, concerned employees, and doubts about both Vogt’s leadership and the feasibility of a business that has been touted as a lifesaver and a billion-dollar enterprise. On October 2, an incident […]
WeWork Finally Files For Bankruptcy
WeWork (NYSE: WE) has finally filed for bankruptcy. The real estate giant late this evening announced that it has filed for Chapter 11 bankruptcy in the United States Bankruptcy Court for the District of New Jersey. The filing only applies to the firms U.S. based operations, with a separate filing to be made under the […]
Has EV Production Peaked?
Electric vehicle (EV) sales growth in the United States has hit a roadblock as automakers face challenges related to sluggish demand. General Motors (NYSE: GM) recently delayed its EV pickup production, while Honda canceled a deal with GM to manufacture affordable EVs. Ford (NYSE: F), on the other hand, has pushed back $12 billion in […]
MP Michael Chong Wants Feds to Explain ‘Divergence’ with UK Saying A Terrorist Attack Is ‘Very Likely’ in Canada
Michael Chong, a member of Canada’s main opposition Conservative party, is questioning the gap between how the federal government and the United Kingdom have assessed the likelihood of a terrorism attack in Canada. The MP pointed out on X over the weekend that while Canada marks its national terrorism threat level as Medium, or “a […]
Jeff Bezos Looks to Save A Buck, Announces Move to Florida
Jeff Bezos, Amazon founder and the world’s third-richest person, is pulling a Ken Griffin. Bezos recently announced his decision to leave Seattle, where he has resided since 1994, to relocate to Miami. In an Instagram post, Bezos shared that this move is because he wants to be closer to his parents, who recently returned to […]
Is The Office Tower Market Imploding?
The office tower market in various major U.S. cities is experiencing a significant decline, leaving investors and real estate experts bewildered. The recent sales of office properties in Chicago, Boston, Portland, and Dallas have raised serious concerns about the future of the commercial real estate market. This comes after San Francisco saw huge devaluation among […]
South Korea Bans Short-Selling Until June 2024
South Korea has announced a temporary ban on stock short-selling until June 2024, with the aim of giving regulators the time to actively enhance existing rules and systems, according to the Financial Services Commission. This move will see a suspension of trading with borrowed shares, a crucial aspect of short selling, for companies listed in […]
Bored Ape NFT Event Had Attendees Going To ER Due To Eye Problems
Complaints of eye problems have arisen among attendees of a celebration in Hong Kong dedicated to the Bored Ape Yacht Club’s collection of nonfungible tokens (NFTs), with many attributing the issue to the event’s lighting. Yuga Labs Inc., the creator of the Bored Ape Yacht Club, recently hosted the ApeFest from November 3rd to 5th, […]