Equities Say “Go Fish”; How “Healthy” are the Markets?
Good morning and welcome to this week’s Flight Path. Equities flashed an uncertain “Go Fish” bar at the end of the week as the markets became even more unsettled. Treasury bond prices remained in a “Go” trend and saw that
DP Trading Room: AI Bubble Deflating
The recent decline last week revealed that the artificial intelligence bubble is deflating. Magnificent Seven stocks are unwinding in response to investors losing confidence in the AI trade in general. Carl gives us a complete picture of the Magnificent Seven
Alvopetro Announces August 2024 Sales Volumes and an Operational Update
Alvopetro Energy Ltd. (TSXV: ALV) (OTCQX: ALVOF) announces August 2024 sales volumes and an operational update. August Sales Volumes August sales volumes averaged 1,919 boepd including natural gas sales of 11.0 MMcfpd, associated natural gas liquids sales from condensate
Ex-OpenAI Leader Raises US$1 Billion for Safety-focused AI Startup
Safe Superintelligence (SSI), a startup co-founded by former OpenAI Chief Scientist Ilya Sutskever, has secured US$1 billion in seed funding to develop advanced artificial intelligence (AI) systems focused on safety. Reuters reported that the funding round, led by venture capital
China Files WTO Complaint Over Canada’s EV and Metal Tariffs
China has lodged a formal complaint with the World Trade Organization (WTO) in response to Canada’s recently announced tariffs on Chinese-made electric vehicles (EVs), as well as steel and aluminum. Bloomberg reported on Friday (September 6) that China’s commerce ministry has
Key uses Scotiabank cash to offload billions in low-yielding bonds
Profits at Cleveland-based KeyCorp have suffered due to bonds it bought when interest rates were low. But a recent investment by Canada's Scotiabank gave Key more wiggle room — an early benefit of a deal that both companies hope to
It’s time for the US to withdraw from the Basel capital accords
The Basel capital rules long ago proved themselves to be ineffective and unwieldy. A former FDIC chairman said that history offers us a better alternative in the form of a regulator-centric model rooted in a pre-Basel approach to oversight.
White House pushes back against scathing report on Biden’s withdrawal from Afghanistan
The White House pushed back on a report released Sunday by Republican lawmakers criticizing President Biden’s chaotic withdrawal from Afghanistan in 2021, calling the report partisan and offering ‘little or nothing new.’ Texas Rep. Mike McCaul, the Republican chair of the
Mike Pence, other former top Trump officials featured in Harris campaign ad slamming Trump as ‘dangerous’
A new ad from the Harris campaign slamming Donald Trump as ‘dangerous’ will feature comments from several former top Trump officials, including former Vice President Mike Pence. The ad, titled, ‘The Best People,’ seeks to bring old criticisms targeted at Trump
New York community banks reach $236 million deal to merge
The all-stock transaction is slated to close in the second quarter of 2025. It would create a bank with more than $15 billion of assets.