Enbridge set to open most capacity on long-delayed Line 3 pipeline
09/02/2021 11:44 AMCanadian pipeline operator Enbridge Inc notified oil shippers on Wednesday that it would offer capacity for 620,000 barrels per day (bpd) on its Line 3 oil pipeline starting in October, signaling confidence in completing the long-delayed project. The aging pipeline,...
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Kid siblings earn over $30,000 a month mining cryptocurrency
09/02/2021 10:25 AMFourteen-year-old Ishaan Thakur and his sister, 9-year-old Aanya, spent their summer building a lucrative business mining cryptocurrency. “We started because we wanted to learn something new about technology – and also make some money along the way,” Ishaan tells CNBC...
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Bonds are ‘investment garbage’ just like cash: Bill Gross
09/02/2021 9:32 AMBill Gross is talking trash about the bond market -- literally. In a meandering and sometimes off-kilter investment outlook posted on his website, the onetime bond king said longer-term Treasury yields are so low that the funds that buy them belong in the “investment...
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Schachter’s Eye On Energy – September 1st, 2021
09/01/2021 11:44 AMEach week Josef Schachter will give you his insights into global events, price forecasts and the fundamentals of the energy sector. Josef offers a twice monthly Black Gold (SER) newsletter covering the general energy market and 30 energy, energy service and pipeline &...
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Is gold ready to run higher?
09/01/2021 11:09 AMThe gold market continues to see lackluster demand even as the price holds support above $1,800 an ounce. However, one market strategist said that sentiment could start to shift to the bullish side once again before the end of the month. In an interview with Kitco...
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Canada Hid A Foreign Capital & Housing Study While Dismissing Intelligence Warnings
09/01/2021 10:01 AMCanadian tax authorities confirmed they knew about illicit foreign capital inflating real estate. They first found out over two decades ago, but only confirmed it to the South China Morning Post (SCMP) this week. A whistleblowing, retired auditor first told SCMP...
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Former Fed official warns of ‘urgent’ threat of another financial crisis
09/01/2021 9:51 AMInvestors cheered Federal Reserve Chairman Jerome Powell’s Jackson Hole speech on Friday, with markets interpreting it to mean that the central bank would not too quickly wind down its support of the economy. But not every speaker at the annual gathering gave cause...
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Major firms to hire thousands more, underscoring global supply-chain woes
09/01/2021 9:41 AMWalmart Inc said on Wednesday it planned to hire 20,000 workers at its supply chain division ahead of the busy holiday season as the world's largest retailer and other major rivals battle a logistics and labor crunch. The roles, a mix of part-time and full-time jobs...
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Canadian economy unexpectedly contracts; dollar weakens
08/31/2021 8:05 AMCanada’s rebound unexpectedly stalled through spring and early summer, raising questions about the resiliency of the nation’s economy. Gross domestic product fell at an annualized 1.1 per cent pace from April to June, Statistics Canada reported on Tuesday, down from a...
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COVID-19 Was Not a Bioweapon But Exact Origin Unclear, Concludes Intelligence Community
08/31/2021 12:46 AMThe intelligence community’s review of the origins of COVID-19 said there is “broad agreement” among agencies that the virus was not developed as a biological weapon and that Chinese officials “did not have foreknowledge of the virus before the initial outbreak of...
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