WeWork Withholds Interest Payments On Debt As Rumors Swirl Of Bankruptcy Filing
WeWork (NYSE: WE) is withholding further interest payments on some of its outstanding notes as it looks to improve its balance sheet. The company indicated this morning that it will be withholding payments of $6.4 million on notes due 2025, which is due on November 1. The failure to make a payment will begin a […]
Amazon Is Suing Scammers Impersonating Its Publishing Services
Amazon (NASDAQ: AMZN) has initiated legal action in the Northern District of California against a group of nearly 20 individuals and associated companies who have been falsely claiming affiliation with Amazon services, such as Amazon Publishing and Kindle Direct Publishing. The lawsuit, which seeks to protect authors and publishers from fraudulent schemes, comes as part […]
Moe Gives Trudeau Ultimatum: No Carbon Tax From Saskatchewan If Ottawa Doesn’t Extend Home Heating Oil Exemption To All Canadians
Saskatchewan Premier Scott Moe has issued a firm ultimatum to Ottawa, stating that his province will cease the collection of the carbon tax on natural gas unless the federal government extends a reprieve on heating costs. Speaking on Monday, Moe declared that as of January 1, the provincial gas utility, SaskEnergy, will no longer gather […]
Cameco Surges After Q3 2023 Financials Beat Estimates
Cameco Corp (TSX: CCO) announced its third-quarter financial results on Tuesday, revealing a significant turnaround from the previous year. The Saskatoon, Saskatchewan-based company reported a robust net income of $148 million for the quarter, marking a stark contrast to the $20 million loss incurred during the same period the previous year. The company’s earnings per share […]
Canada In Technical Recession Based On Advanced StatCan Estimate
The economy in Canada is so strong that it appears we have entered a technical recession based on preliminary data provided by Statistics Canada this morning in its August 2023 update for gross domestic product by industry. The agency indicated within the report an advanced estimate for real GDP for September and Q3 2023 that […]
American Lithium Reports 5.53 Million Tonnes Measured And Indicated Resource At Falchani
Substantial tonnes of lithium carbonate equivalent have been added to American Lithium’s (TSXV: LI) mineral resource estimate at its Falchani lithium deposit in Peru. The update to the estimate, which was originally issued in March 2019, was conducted as part of an ongoing preliminary economic assessment being conducted. The new resource estimate consists of 1.01 […]
VERSES Selects First Partner For Genius AI Beta Program
FULL DISCLOSURE: This is sponsored content for Verses AI. Verses AI (NEO: VERS) has selected the first participant for a private Genius beta program, which has the goal of advancing and redefining artificial intelligence. The company is the first of ten strategic partners that will participate in the private beta program as the company continues […]
All-In Podcast: The Four CEOs Are Hiring A CEO For Their Podcast
The controversial hosts of The All-In Podcast announced that they are looking for a chief executive officer for their brand. “We’ve decided to hire a CEO for All-In,” said Chamath Palihapitiya, CEO of Social Capital and the so-called SPAC King. “Old media is broken. Talking heads, selling ads, inciting anger, with one-sided discourse has become […]
GOP Wants to Defund Free Tax Filing System to Allow the Government to Send Military Aid to Israel
House Republicans are seeking to divert funds from the development of a free digital tax filing system by the Internal Revenue Service (IRS) in order to cover the $14 billion emergency request for military aid for Israel’s efforts in Gaza. The move comes as part of an effort to offset the financial burden of the […]
CTF Anticipates Canada’s Alcohol Excise Tax To Climb 4.7% In 2024
The Canadian Taxpayers Federation is expecting taxes on alcohol to increase by a whopping 4.7% in 2024 based on new estimates conducted by the firm. The estimate was revealed in a news release issued by the Federation today, which calls on the federal government to scrap its current plans for an increase on alcohol excise […]