Companies are pocketing their fattest profits in more than 70 years, even as they complain about inflation
12/02/2021 1:26 PMFor the last several months, corporate executives have been loudly lamenting the rising cost of doing business due to supply-chain disruptions and labor shortages. Indeed, inflation at levels not seen since the early 1990's has shown itself to be both larger and more...
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Cryptocurrency ETFs ‘are not a winning strategy,’ expert says: There are better ways to diversify
12/02/2021 11:46 AMIf you’re interested in a particular investment area, such as, say, a sector of the stock market, you likely don’t have time to research every single company to determine which you think is best. Plus, even if you know your stuff, there’s still the chance that any...
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$106M worth of metaverse land sold last week: DappRadar
12/02/2021 10:39 AMFour blockchain-based metaverse projects generated more than $100 million worth of virtual land nonfungible token (NFT) sales last week, according to data from DappRadar. A Tuesday post from the decentralized application analytics firm reported that between Nov. 22...
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Canada Just Saw The Sharpest Pullback For Housing Investment Since 2009
12/01/2021 1:09 PMCanadian real estate prices are rising, but investors are quietly pulling back. In fact, they’re withdrawing their capital at one of the fastest rates in history. Statistics Canada (Stat Can) data shows residential investment dropped sharply in Q3 2021. This is the...
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The $5 billion hoard of metal the world wants but can’t have
12/01/2021 12:15 PMOn an industrial park about an hour’s drive toward the South China Sea coast from Ho Chi Minh City sit giant mounds of raw metal shrouded in black tarpaulin. Stretching a kilometer in length, the much-coveted hoard could be worth about $5 billion at current prices. In...
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Why the buyer of Beeple’s $69 million NFT wants everyone to make free copies of the digital art
12/01/2021 11:26 AMIn March, Beeple sold a digital collection of his art as an NFT for a record $69 million. Now, the buyer wants everyone to have a free copy. The buyer, Vignesh Sundaresan, who's also known as MetaKovan, told Bloomberg he'd be happy if everyone downloaded a copy of the...
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Deutsche Bank Bucks Bullish Oil Predictions
12/01/2021 10:27 AMDeutsche Bank expects crude oil prices to drop considerably next year, dipping below $60 per barrel in New York, the bank said in a note. "It would be misguided to think of an OPEC pause on Thursday as bullish, since we have assumed that in our model and still end up...
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Many Lower Mainland drivers running on empty – for now
11/30/2021 11:36 AMTrans Mountain Corp. last week said it hoped to have the pipeline that provides most of the oil, gasoline and diesel for southern B.C., as well as refineries in Washington state with crude oil, back in operation by now. And Canadian National Railway (TSX:CNR), which...
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Elon Musk says Raptor engine production is a ‘disaster’ that puts SpaceX at risk of bankruptcy
11/30/2021 11:14 AMOn Black Friday, SpaceX CEO Elon Musk sent an anxious email to his company’s employees, urging them to work over the weekend on SpaceX’s Raptor engine line and describing the production situation as a “crisis.” In the email, a copy of which was obtained by The Verge,...
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Oxford Professor: Official Data Shows Face Masks “Made No Meaningful Difference” to Infection Rates
11/30/2021 10:28 AMUniversity of Oxford Professor Jim Naismith asserts that despite England dropping its mask mandate in July and Scotland keeping its rules in force, official data shows this “has made no meaningful difference” to infection rates. Naismith goes on to argue that new face...
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