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‘The markets are being too sanguine’ given the likelihood of a contested election: Niall Ferguson

The markets rallied on Wednesday on the prospect of a divided Congress and a lower likelihood of tax hikes or regulations. But as Americans await the results of the presidential election, the possibility of a contested outcome is growing likelier by the second. …read more […]

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Trevali Releases Third Quarter 2020 Results; Achieves 13% Decrease to C1 Cash Costs and AISC

VANCOUVER, BC, Nov. 4, 2020 /CNW/ – Trevali Mining Corporation (“Trevali” or the “Company”) (TSX: TV) (BVL: TV) (OTCQX: TREVF) (Frankfurt: 4TI) today released financial and operating results for the three and nine months ended September 30, 2020. …read more […]

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Competition Surges in the Electric Pickup Truck Market

The pickup truck is as American as apple pie. In 2019, more than 3.1 million were sold in the U.S.
The 2020 leader in light-duty pickup sales is Ford Motor Company‘s (NYSE: F) F-Series. This will likely be its 43rd year as the country’s favorite truck.
But that could all be about to change…
The race is on to grab shares in the all-electric, light-duty pickup truck segment of electric vehicles.
Hummer Brings the Heat
Almost a year ago, Tesla (Nasdaq: TSLA) announced its all-electric Cybertruck. According to Elon Musk, Tesla has received more than 200,000 Cybertruck reservations.
But now other U.S. car companies are …read more […]

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Aphria Inc. Announces Strategic Entry into the United States with an Agreement to Acquire SweetWater Brewing Company

SweetWater’s Portfolio of Beer Brands, Including the Flagship 420 Brand, Aligns with a Cannabis Lifestyle and Provides a Scalable Platform for Expansion into the U. and CanadaAccretive Acquisition Significantly Expands Aphria’s Addressable Market and Diversifies Product Offerings Establishes an Infrastructure in the U. …read more […]

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Illinois Faces Risk of Junk After Voters Reject Tax on Rich

(Bloomberg) — Illinois voters defeated a measure that would have allowed the state to raise taxes on its wealthiest residents, striking down a pillar of Governor J.B. Pritzker’s plan for shoring up the state’s finances and preventing its debt from being cut to junk.The failure of the constitutional amendment that would have scrapped the flat income tax by a vote of 55% against sent the prices of Illinois’s bonds tumbling, with those due in 2034 down about 7%. The costly campaign ended in a win for Citadel founder Ken Griffin who spent nearly $54 million to fund the opposition, while …read more […]

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Analysis: Wall Street cheers U.S. election removing major tax-hike threat

Biden has proposed raising the capital gains tax rate from 20% to 39.6% for those making over $1 million, which would represent a big blow to the asset management industry. Other tax hikes he has put forward include increasing the statutory corporate income tax rate from 21% to 28%. Biden was leading in key Midwestern states in the race for the White House as votes were being counted on Wednesday afternoon, but President Donald Trump’s Republican Party was poised to keep control of the Senate even as Democrats retained their majority in the House of the Representatives. …read more […]