American Airlines Rejects Merger Talks with United, Citing Harm to Competition
American Airlines Group (NASDAQ: AAL) has firmly dismissed any notion of merger discussions with United Airlines (NASDAQ: UAL), asserting that such a deal would undermine competition and hurt consumers. The statement comes in direct response to speculation fueled by United CEO Scott Kirby’s outreach to senior government officials about a potential combination. The denial from […]
Iran Warns Strait of Hormuz Will Shut Without Ceasefire Compliance, Says Speaker of Iran’s Parliament
Iran has escalated tensions in the Persian Gulf, warning that the Strait of Hormuz—a critical chokepoint for global oil shipments—will not remain open if the United States continues its naval blockade. Mohammad Bagher Ghalibaf, Speaker of Iran’s Parliament, declared that passage through the strait will be restricted to a designated route under Iranian authorization, with […]
Over a Dozen Ships Turn Back in Hormuz Strait as Iran Pushes Ceasefire Conditions
Shipping through the Strait of Hormuz, a critical artery for global oil trade, has come to a near standstill as over a dozen vessels reversed course and returned to the Persian Gulf on a single evening. The dramatic turnaround, captured in real-time vessel tracking data, signals escalating geopolitical friction in the region, with Iran’s latest […]
Why Risk Assets May Have Already Peaked | Mike McGlone
In this conversation with Mike McGlone from Bloomberg, we discuss the Iran ceasefire, why he believes the oil spike was another pump and dump cycle, and why he expects crude to head much lower into the midterms. Mike explains why he sees this as part of a broader macro reset, one that could bring lower […]
Lutnick Slams USMCA as ‘Bad Deal,’ Pushes for Overhaul Ahead of July Deadline
US Commerce Secretary Howard Lutnick has sharply criticized the US-Mexico-Canada Agreement, calling it a ‘bad deal’ that President Donald Trump believes must be ‘reconsidered and reimagined’ before the critical July deadline for its extension. Lutnick, speaking at the Semafor World Economy conference in Washington, DC today, expressed frustration over the trade pact’s structure, arguing it […]
BHP and Lundin Mining Hit Roadblock with Vicuña Project Suspension in San Juan
A provincial court in La Rioja, Argentina, has ordered the suspension of activities at the Vicuña mining project in San Juan, a joint venture between BHP and Lundin Mining (TSX: LUG), marking a significant setback for the companies’ operations in the region. The ruling, issued on April 16, stems from a legal challenge over the […]
Senate Votes to Lift 20-Year Mining Ban in Minnesota’s Superior National Forest
The U.S. Senate voted 50-49 on April 16, to overturn a 20-year mining ban imposed by the Biden administration on 225,504 acres of Minnesota’s Superior National Forest, sending the resolution to President Donald Trump for his expected signature. This decision paves the way for Twin Metals, a subsidiary of Chile-based Antofagasta, to pursue copper, nickel, […]
X and Wealthsimple Pilot Drives $1 Billion in Trading Volume in First Week
X’s newly launched Cashtag trading pilot, in partnership with Wealthsimple, has generated an estimated $1 billion in global trading volume for stocks and crypto since its debut on Tuesday night. Nikita Bier, head of product at X, highlighted the staggering figure as evidence of the platform’s growing influence in financial markets. The integration, rolled out […]
A $3 Billion Gold Deal Just Changed the Market | G Mining Acquires G2 Goldfields
Gold M&A is heating up again, and this deal is a big one. G Mining Ventures (TSX: GMIN) is acquiring G2 Goldfields (TSX: GTWO) in a transaction that values G2 at roughly $3.0 billion, with the real prize being the chance to combine two neighbouring gold projects into one much larger operation. In this video, […]
Carney Targets $1 Trillion in Investments with Toronto Summit This Fall
Prime Minister Mark Carney has unveiled plans for a Canada Investment Summit in Toronto this September, aiming to attract $1 trillion in investments over the next five years to fuel nation-building projects. Scheduled for September 14 and 15, the summit will bring together 100 of the world’s largest investment firms and sovereign wealth funds, including […]