OpenAI Mulls Employee Share Sale Valuing The Firm At $86 Billion
OpenAI, the company behind the renowned ChatGPT, is currently in discussions to sell shares held by its existing employees at an impressive valuation of $86 billion, as reported by Bloomberg. These negotiations are part of a tender offer, and the firm is engaged in talks with potential investors, although the exact details are still in […]
After BC, Federal Government to Go After Short-Term Rentals
Inspired by new legislation in British Columbia, the federal government is taking action to address a shortage of rental units, which has been exacerbated by short-term rental platforms like Airbnb (Nasdaq: ABNB). Finance Minister Chrystia Freeland announced that the government will be implementing measures in the coming weeks to alleviate this housing issue. “We know […]
Investors Begin To Dominate Ontario’s Real Estate Market
Data from Statistics Canada for the year 2021 has shed light on the substantial ownership of real estate properties by investors across the country. The report indicates that investors own a significant portion of both condo apartments and houses, raising questions about the impact of this trend on the housing market and housing affordability in […]
Carlyle Commodities Releases Drill Strategy For Phase Two Program
Carlyle Commodities (CSE: CCC) has released its drilling strategy for a phase two program scheduled to begin in the near term at its flagship Newton Gold Project, found near Williams Lake, BC.
Mullen Automotive Proposes Third Reverse Split This Year, To Consolidate Up To 1 For 100
In an impressive feat of shareholder losses, Mullen Automotive (NASDAQ: MULN) this morning revealed it is looking to seek shareholder support to conduct a third reverse split this year. The company has filed a preliminary proxy statement with the SEC for a special stockholder meeting, to be held on December 15. The meeting will see […]
Patriot Battery Metals Hits 5.03% Li2O In New High Grade Zone At CV13 Pegmatite
Patriot Battery Metals (TSXV: PMET) late last night declared that it has discovered a new high-grade zone at its CV13 Pegmatite. The zone is said to be near surface, and said to be reminiscent of the high grade Nova Zone at the CV5 Pegmatite. The discovery announcement was accompanied with the release of several drill […]
Tesla Yields Lowest Operating Margin In Three Years, Misses Estimates In Q3 2023
Tesla’s (NASDAQ: TSLA) financial results for the third quarter fell short of expectations, as the electric vehicle giant faces challenges in sustaining its growth. During the three-month period ending on September 30, Tesla reported sales of $23.4 billion, slightly lower than the consensus analyst forecast of approximately $24.2 billion according to FactSet. Additionally, the company’s […]
Canada Sees Housing Starts Improve 3.9% In September
Canada witnessed an uptick in housing starts for September, with the trend showing 254,006 units, a 3.9% increase from 244,511 units in August, according to the Canada Mortgage and Housing Corporation. The monthly seasonally adjusted annual rate of total housing starts across Canada witnessed 8% growth in September, registering 270,466 units, a notable increase from […]
Ottawa To Push Impact Assessment Law Despite Supreme Court Ruling It Unconstitutional
Despite a recent Supreme Court of Canada decision that found Ottawa overstepped its constitutional bounds with the 2019 Impact Assessment Act, the federal government is forging ahead with its ambitious plans to combat greenhouse gas emissions. The controversial regulations, designed to cap emissions from the oil and gas sector and implement Clean Electricity Regulations, are […]
Israeli Authorities Crack Down on Crypto Accounts Linked to Hamas
Israeli law enforcement authorities have taken decisive action to close and seize cryptocurrency accounts as part of their ongoing efforts to sever connections between cryptocurrency markets and Hamas. The move comes following Hamas’s attack on Israel on October 7. Over 100 accounts on Binance, the world’s largest cryptocurrency exchange, have been closed, and requests for […]