Was It All a Grift? How Trump Mobile Collected $59 Million and Delivered Nothing
Almost a year after launch, Trump Mobile has collected roughly $59 million in deposits from an estimated 590,000 buyers for its gold T1 smartphone — and has not delivered a single confirmed device. In April, the company quietly rewrote its terms to say it may never have to. The T1 launched on June 16, 2025, […]
Canadian Insolvencies Hit Post-2009 High—and the Pace Is Accelerating
Canadians filed for insolvency at the highest quarterly rate since the global financial crisis, with the pace of filings accelerating sharply through the first three months of 2026 in a sign that household financial stress is deepening rather than stabilizing. The Office of the Superintendent of Bankruptcy recorded 37,121 consumer insolvency filings in Q1 2026 […]
Ukraine and Canada Begin Preparing Drone Deal
Ukraine has begun preparing a formal Drone Deal with Canada, President Volodymyr Zelensky announced Monday, and a Canadian company is already in advanced talks to produce Ukrainian battlefield drones on Canadian soil. Zelensky called it “a very significant expansion of security cooperation,” placing Canada among nearly 20 countries engaged with Ukraine on drone deals at […]
Senate Advances Kevin Warsh for Fed Chair in Tight 49-44 Cloture Vote
The U.S. Senate took a decisive step toward reshaping the Federal Reserve’s leadership on May 11, voting 49-44 to invoke cloture on Kevin Warsh’s nomination for the role of board member, with a separate vote to follow for the chairman role. With confirmation votes slated for this week, Warsh is poised to succeed Jerome Powell, […]
Ford Repurposes Kentucky Plant for Utility-Scale Battery Systems, Launches Ford Energy
Ford Motor Company (NYSE: F) has unveiled a push into the energy storage sector with the creation of Ford Energy, a dedicated subsidiary aimed at capturing demand from utilities, data centers, and industrial clients. This marks a significant expansion beyond its electric vehicle focus, tapping into a fast-growing market for large-scale battery solutions. At the […]
McEwen Copper Targets $4 Billion Financing for Massive Los Azules Copper Mine
McEwen Copper has taken a significant step toward developing the Los Azules copper project in Argentina by signing an agreement with an international financial institution to arrange a $2.4 billion loan package. This debt component forms a key part of a broader $4 billion financing plan for the mine, located in the Calingasta Department of […]
Conestoga College Faces New Scrutiny Over Ex-President’s $3.8M Exit Deal
Conestoga College’s controversy is no longer just about its president, John Tibbits’ retirement payout. It is about whether a public college that rapidly scaled an international-student revenue model had the governance controls to manage the money, risk, and scrutiny that came with it. IRCC briefing material said Conestoga had more than 38,000 study permit holders […]
GM Cuts Up To 600 IT Jobs In Tech Reset, Bloomberg Reports
General Motors is not simply cutting technology jobs. It is deciding which technology work still deserves capital inside an automaker trying to defend profits after the industry’s EV investment cycle became harder to justify. Bloomberg reported that GM plans to cut 500 to 600 workers in its IT organization, citing people familiar with the matter. […]
Trump Proposes Gas Tax Break, Risking $3 Billion Monthly Loss to Treasury
President Donald Trump has put forward a plan to suspend the federal gas tax, currently set at 18.4 cents per gallon on gasoline and 24.4 cents per gallon on diesel, as a direct response to fuel costs that have surged over 50% since the Iran war began on February 28. With average gas prices hitting […]
The Real Test Of Trump’s Project Freedom Is Not Feasibility, It’s Durability
President Donald Trump’s possible revival of Project Freedom is putting the Strait of Hormuz back into focus, but the next test may be commercial rather than military: whether shipping markets are willing to treat the route as usable again. Because while a US escort can move a vessel, it cannot automatically restore normal shipping economics, […]