Salesforce Wants Its Laid-Off Staff Back
Salesforce (NYSE: CRM) is on a hiring spree, with plans to fill 3,300 new positions in various departments, including sales, engineering, and data cloud. This recruitment drive follows the company’s earlier decision to lay off approximately 10% of its staff earlier this year. Salesforce’s CEO, Marc Benioff, emphasized the company’s commitment to growth and achieving […]
Auto Workers, Automakers Back To Negotiation Table As Firms Strike Back
The weekend brought the United Auto Workers (UAW) and major automakers back to the negotiation table, but the union reports that progress remains frustratingly slow. UAW President Shawn Fain expressed his cautious sentiment to MSNBC on Sunday, stating, “Progress is slow, and I don’t really want to say we’re closer.” The talks resumed on Saturday […]
Mark Cuban Loses $870K To Crypto Scam
Tech billionaire Mark Cuban is the latest victim of a cryptocurrency scam, losing $870,000 across various cryptocurrencies. Cuban, who had been inactive in the crypto space for months, had his wallet drained of stablecoins, Lido staked ETH, SuperRare tokens, and Ethereum Name Service (.ens domains) tokens. The suspicious activity in Cuban’s wallet was initially spotted […]
Nordstar’s Metroland Subsidiary Faces Bankruptcy, To Shift To Digital-Only Publication
Nordstar Capital LP, the publisher of the Toronto Star, revealed its decision to place Metroland Media Group, its regional newspaper division, under bankruptcy protection on Friday. This move resulted in the unfortunate loss of 605 jobs, accounting for two-thirds of Metroland’s workforce, and the transformation of over 70 weekly newspapers into digital-only publications. The decision […]
Canadian Housing Starts Flatline in August
Canada’s housing starts showed little change in August, edging up slightly by 0.8% to 244,507 units from July’s 242,552 units. According to the CMHC, urban starts fell 1% last month to 233,075 units, while multi-unit urban starts also decreased by 1% to 191,250 units. However, there was a glimmer of positivity as single-detached urban starts […]
Kerrisdale Targets Tilray On Short Report: “Structurally Unprofitable”
Kerrisdale Capital Management, a renowned short seller, has released a scathing report on Tilray Brands (NASDAQ: TLRY), a Canadian cannabis company, outlining a litany of concerns regarding the company’s financial practices and prospects. In a detailed exposé, Kerrisdale accuses Tilray of engaging in a continuous cycle of dilution to sustain itself while making questionable acquisitions […]
Beyond Lithium Reports New Discovery At Ear Falls Project
Beyond Lithium (CSE: BY) is reporting the discovery a new spodumene-bearing pegmatite zone at its Ear Falls Project in northwestern Ontario. The discovery was reported following grab samples that were collected at the zone, which assayed up to 4.54% Li2O. The zone is said to have a prospective trend up to three kilometres in length, […]
Canopy Growth To Raise Just $25 Million At 19% Discount To Friday’s Close
In a further sign of its struggles, Canopy Growth Corp (TSX: WEED) is again returning to the trough to raise funds from investors. The company this morning announced it would be raising just US$25 million, which would be raised through the sale of 22.9 million units of the company rather than through notes. Units under […]
The US Government Is Missing An F-35 and Is Asking the Public to Help Find It
It’s so stealth, they can’t find it. Authorities are asking for help from the public to locate a missing jet that vanished over South Carolina after the pilot ejected due to an unspecified “mishap.” The incident occurred on Sunday afternoon, with Joint Base Charleston and Marine Corps Air Station Beaufort collaborating on the search effort. […]
Peer-Reviewed Paper Implies Thacker Pass Project Could Have Lower Than Expected Lithium Extraction Costs
In late August, three geologists published a peer-reviewed academic paper in the journal Science Advances which posits that an enormous quantity of lithium, perhaps 20-40 million tons, lies within a 40 kilometer by 30 kilometre volcanic crater called the McDermitt Caldera. This region was formed 16 million years ago and lies along part of the border between the […]