Canadian Banks: Royal Bank Misses, National Bank Beats Estimates For Fiscal Q3 2022
Royal Bank of Canada (TSX: RY) missed earnings estimates while National Bank of Canada (TSX: NA) exceeded analysts’ expectations as two of the Big Six reported their financial results for their respective fiscal third quarters. Both banks saw declines in their net income: Royal Bank posted a 17% decline year-on-year, ending with $3.58 billion in […]
Ford to Pay $1.7 Billion in Damages For Fatal 2014 Rollover Accident
Ford Motor Co (NYSE: F) will have to pay $1.7 billion in punitive damages after a Georgia jury ruled the automaker knowingly manufactured its pickup trucks with faulty roofs that ultimately killed an elderly couple in a rollover. The verdict, one of the heftiest in the US this year, was delivered last week after a […]
German Economy Minister On Extending Nuclear Power Plants: “It Is The Wrong Decision”
German Economy Minister Robert Habeck said on Sunday that extending the life of the country’s three remaining nuclear power plants should be ruled out, given the little gas it would contribute to the state resources as Berlin heads for a much colder winter. “It is the wrong decision given the little we would save,” said Habeck, a […]
Tesla to Hike Price of Driver Assistance Software by 25% Come September
Elon Musk is raising the price of Tesla’s (NASDAQ: TSLA) premium driver assistance system once again, as the automaker makes gradual upgrades to the software technology. Musk on Sunday tweeted that Tesla’s Full Self-Driving system will increase from an upfront cost of $12,000 to $15,000 come September 5 for its North American customers. However, he […]
OPEC+ Sees Production Cut Amid Oil Market Disconnect – Saudi Energy Minister
The oil futures market might be increasingly disconnected from its fundamentals due to “very thin liquidity and extreme volatility,” leading to a foreseen potential production cut from oil-producing countries. Saudi Arabian Energy Minister Prince Abdulaziz bin Salman has noted that “paper and physical markets have become increasingly more disconnected” in the oil market, in a […]
Japan Mulls Building Next-Gen Nuclear Power Plants
In a major policy shift following the 2011 Fukushima disaster, the Japanese government is looking into constructing next-generation nuclear plants, in an effort to lower greenhouse emissions and ensure future energy supply for the country. As first reported by Nikkei and later cited by Bloomberg, Japanese Prime Minister Fumio Kishida is expected to officially announce […]
Biden Expected To Announce Plans Of Cancelling US$10,000 Of Federal Student Loan Debt Ahead Of The Midterm Elections
US President Joe Biden is set to make good on one of his campaign promises. The White House is reportedly announcing on Wednesday the plan to reduce by US$10,000 the federal student loan debts of those with family income of US$125,000 or less. According to people familiar with the matter, the president is expected to […]
Filo Mining Intersects 0.81% Copper, 0.33 g/t Gold Over 701 Metres
Filo Mining (TSX: FILO) has released its latest assay results from ongoing drilling at its Filo del Sol project in Argentina. Results from a total of two holes were released, which has extended the strike of the firms Aurora Zone. Highlights from the results include: FSDH061: 1.13% copper equivalent (0.81% copper, 0.33 g/t gold and […]
Bright Minds Biosciences Looks To Raise $4.0 Million Via Overnight Offering
After several days of intense volatility, Bright Minds Biosciences (CSE: DRUG) is looking to capitalize on the sudden investor interest. The firm has now announced terms for the pricing of its overnight marketed offering of units, following the financing initially being announced on Monday. The company is looking to raise gross proceeds of roughly $4.0 […]
Snowline Gold Hits 282.9 Metres Of 2.3 g/t Gold In Partial Assay Results
Snowline Gold (CSE: SGD) this morning appears to be the junior mining firm with the hottest drill results. The company has posted initial preliminary results from the drill program conducted this year at the Valley Zone of its Rogue Project in the Yukon. Highlights from the results include: V-22-05: 1.03 g/t gold over 331.30 metres, […]