Another Major US Used Car Dealer Shuts Down
Off Lease Only (OLO), a major used car dealership that operated multiple locations in Florida and recently Texas, has made an internal announcement that it has “initiated the orderly wind-down of its business,” according to CarDealershipGuy on X. The decision to shut the company down, per the internal memo, was brought about by “elevated pricing […]
Rent Hike Nightmare: Toronto Sisters Face $7,000 Monthly Increase
Two sisters in Toronto were left stunned when their landlord decided to raise their monthly rent by a whopping $7,000. Khadeja Farooq and Yumna Farooq were initially informed of a rent increase to $3,500, but after expressing their concerns, the landlord astonishingly revised it to $9,500 per month. Having lived in their two-bedroom, two-bathroom unit […]
Sarama Resources Plummets 45% After Burkina Faso Withdraws Tankoro Deposit Permit
Sarama Resources (TSXV: SWA) has been dealt a significant blow as the Ministry of Energy, Mines and Quarries of Burkina Faso has officially revoked the company’s rights to the highly promising Tankoro 2 exploration permit. This decision, conveyed through a formal notification, has cast a shadow over Sarama’s multi-million-ounce Sanutura Project, which hinges on the […]
Is The Rate Hike Pause The Calm Before The Recession Storm?
As was forecasted by economists, Bank of Canada Governor Tiff Macklem decided to keep the overnight borrowing rate unchanged at 5%, following data suggesting high interest costs are finally making their way through the economy and delivering stagnant GDP figures. Macklem pointed to signs of an alarming second quarter slowdown in China’s economic growth, with […]
Most Money Is Made On “Re-Zoning”: Former Clarington Mayor John Mutton aka Mr. X
Without a beat, former Clarington Mayor John Mutton outright said that most money in real estate is made on “re-zoning.” In an episode of The Highest And Best Use Podcast with Ryan Carr, the eponymous host asked the former city mayor, who’s been recently and infamously labeled as Mr. X in the ongoing Greenbelt fiasco, […]
GameStop Rallies After Beating Estimates with Q2 2023 Results
GameStop Corp. (NYSE: GME) has defied Wall Street expectations by reporting robust quarterly revenue and a smaller-than-expected loss. The company’s shares surged nearly 6% in after-hours trading, reflecting the positive outcome of its digital transformation efforts. GameStop’s revenue for the quarter ended July 29 increased by about 2% to reach $1.16 billion, surpassing the estimates […]
Verses AI Enters Multi-Year Deal With Leading US Pharmacy Retailer
Verses AI (NEO: VERS) is reporting this morning that it has been contracted to assist in the digital transformation efforts of a leading nation US pharmacy retailer.
Precision Drilling To Acquire CWC Energy Services In Deal Pegged At $141 Million
In a sign of the rising oil market, Precision Drilling (TSX: PD) has expanded its rig count via the acquisition of CWC Energy Services (TSXV: CWC). The purchase is to consist of a mix of cash and shares, with the transaction valued at $141 million. The transaction will see Precision add 62 marketed service rigs […]
Brunswick Exploration To Conduct 26 Hole Drill Program At Mirage In Search Of Lithium
Brunswick Exploration (TSXV: BRW) is undertaking a 26 hole drill program in its quest to find lithium at its Mirage Project, found in the Eeyou Istchee-James Bay region. The program will consist of an aggregate 5,000 metres of drilling under a phase one program, which is intended to test continuity and widths of six spodumene-bearing […]
Mullen Automotive Requests Hearing To Stave Off Nasdaq Delisting A While Longer
Mullen Automotive (NASDAQ: MULN) is on its last gasp of air when it comes to maintaining its listing on the Nasdaq. Despite two share consolidations this year, the company has failed to maintain minimum bid requirements for listing on the exchange. Now, Mullen has reportedly received a formal notice that the company failed to regain […]