Kinross Gold Gains Approval For Doubling Size Of Share Buybacks
While its margins may be falling in the current gold environment, that apparently is not stopping Kinross Gold (TSX: K) from returning further cash to its shareholders in the form of buybacks. The firm last night indicated that the Toronto Stock Exchange has approved its request to amend its normal course issuer bid. The amendment […]
NG Energy Spuds Second Well At SINU-9 Gas Field
Development of the SINU-9 gas field continues apace for NG Energy International (TSXV: GASX). The company this morning indicated that it has begun drilling its second well on the claim block, referred to as Brujo-1X. The well itself has already been drilled to a depth of 947 feet, with the total depth expected to reach […]
Dazed and Confused: Joe Biden Calls Out to Crowd for Deceased Congresswoman
Someone send the man to a nursing home already! US President Joe Biden’s cognitive decline took a turn for the worse on Wednesday, when the 79 year old called out for a congresswoman who had passed away in a car accident a month before, seemingly forgetting he already said words of condolence to the family, […]
First Phosphate Appoints Former Environment Minister Peter Kent As President
First Phosphate announced on Wednesday that it is appointing Peter Kent as the company president. The former Canadian Member of Parliament for Thornhill also served as Minister of the Environment under former Prime Minister Stephen Harper’s cabinet. “Peter’s decades of experience and unique blend of knowledge, insight, and dedication will be integral to the Company as […]
Colombia’s Gustavo Pietro Is Done With The War On Drugs
On Tuesday last week, Colombia’s recently-elected leftist president Gustavo Petro addressed the United Nations General Assembly. He delivered an impassioned speech, using language notably more colorful than the usual diplomatic prose. In his speech, Petro pointed out that the war on drugs and the fight against climate crisis have failed. Petro called the discourse on […]
Ontario Wants to Delay Shutdown of Aging Nuclear Power Plant Due to Electricity Shortage
The Ontario government wants to extend the life of the Pickering Nuclear Generating Station until at least 2026, over fears of a looming electricity shortage in the country. The province’s Energy Minister Todd Smith is requesting the Canadian Nuclear Safety Commission extend the operating time of the aging Pickering power plant past the 2025 closure […]
Porsche Defies Market Gravity In €75 Billion IPO
Luxury carmaker Porsche made its stock market debut on Thursday in one of Europe’s biggest initial public offerings. The firm priced the firm’s shares at the top end of the previously announced range, selling at €82.50 per share. The offering was able to raise €19.5 billion and puts the company’s valuation at around €75 billion, […]
Costco Hot Dog and Soda Combo Still $1.50, And It Will Be “Forever”
It’s been documented that Jim Senegal, founder of Costco Wholesale Corp. (NASDAQ: COST), once told the retail giant’s CEO Craig Jelinek that if he raises the price of “the effing hot dog, I will kill you. Figure it out.” And so when Costco’s chief financial officer was asked whether the retailer would consider raising the […]
NFT Market And Its US$16-Billion Collapse In 2022 (So Far)
The nonfungible token craze seemed to have already seen its peak back in January 2022 as the digital asset continues to see a decline in its trading volume in the recent months. NFT trading volume has fallen 97% since the start of the year–from US$17 billion down to around US$466 million in September 2022. The […]
Goodbye US Dollar? Pakistan Mulls Transition to Ruble-Yuan Trade With Russia
As western nations increasingly shun Russia from international trade and global financial markets, some countries are welcoming Moscow with open arms, and subsequently shunning the US dollar from their economies. Pakistan is looking to transition to rubles and Chinese yuan for trade with Russia, and forego the US dollar altogether. “We are still trading in […]