Twitter’s Value Down by 65%, Fidelity Reports
Fidelity has taken an additional 8% hit to the value of its stake in X, formerly known as Twitter, during September, as revealed in a recent disclosure. The mutual fund giant was a major contributor to Elon Musk’s $44 billion takeover of the company in October last year. It has marked down its investment in […]
Cameco Signs Uranium Supply Agreement With China, Details Muddied
Cameco Corp (TSX: CCO) reported today that it has entered into a uranium supply agreement with a subsidiary of China National Nuclear Corporation, one of the largest nuclear power operators within China. Details of the contract provided however are scarce. The details provided surrounding the contract are intentionally muddied, with the terms and details said […]
“Shit For Brains” – Leon Cooperman Chastises Students Protesting Israel, Cuts Columbia Funding
Columbia University is joining the ranks of Harvard University and the University of Pennsylvania. The school has become the latest to lose funding from a billionaire following its comments or stance on events in the Middle East. Leon Cooperman this week went live on Fox on Wednesday to declare that he would be halted his […]
Montreal Bans Natural Gas, Propane Hookups In New Builds
Montreal’s latest environmental move is set to alter the urban landscape. The city’s executive committee has passed a new bylaw that will put a stop to gas hookups in new buildings of three floors or fewer by October 2024. Larger establishments will experience this shift by April 2025. If building permits aren’t procured by these […]
Ontario Introduces Legislation To Protect Consumers From “Unfair Business Practices”
The Ontario government is taking a significant step by introducing new legislation aimed at fortifying protections for Ontarians against unfair business practices, particularly in the realm of price gouging. If this legislation is successfully passed, it will not only bolster consumer safeguards but also facilitate business compliance with consumer protection regulations. In the words of […]
The Great Grocery Debate: David Baskin Can’t Count
Canadian wealth management is a big universe. Many Canadian private wealth firms (companies that manage personal and family money, as opposed to institutional money), are among the largest in the world. They include CI Financial and Pembroke, each with hundreds of billions in assets under management (AUM), most of it for private clients. Full-service wealth […]
X Usage Is Down But Musk Is Almost 100% More Popular Than He Was Before Buying Twitter
New data reveals a significant decline in user engagement and advertiser interest on the social media platform formerly known as Twitter, now referred to as X, during its first year under the ownership of Elon Musk. Engagement metrics have shown a consistent downward trend, according to SimilarWeb. App downloads globally fell by around 38% from […]
Texas Public Policy Foundation’s New Report Claims to ‘Unmask the True Cost’ of EVs
The Texas Public Policy Foundation (TPPF) has released a new study, “Overcharged Expectations: Unmasking the True Costs of Electric Vehicles,” that takes aim at revealing “the true cost” of electric vehicles (EVs). The study highlights several key points, notably that federal and state subsidies and regulatory credits artificially reduced the retail prices of EVs by […]
Trudeau Gov’t To Exempt Heating Oil From Carbon Tax… A Year After Poilievre Proposed It And Liberals Voted Against
In a significant announcement made on Thursday, Prime Minister Justin Trudeau revealed that the government is implementing a carve-out for the carbon tax concerning home heating oil. This move is part of a multifaceted strategy aimed at addressing environmental concerns while supporting Canadian households. Under this policy adjustment, the government will exempt home heating oil […]
US Lawmakers Want Criminal Charges For Binance, Investigate Tether On Alleged Terrorism Funding
Republican lawmakers have called on the U.S. Department of Justice to thoroughly investigate whether Binance and Tether are potentially providing support to terrorism funding in the wake of recent attacks in Israel. In a joint letter dated Thursday, Senator Cynthia Lummis, representing Wyoming, and Representative French Hill from Arkansas, urged the Justice Department to conduct […]