Where’s the Beef? JBS Latest to Close Processing Plants Amid Cattle Shortage
JBS USA is closing a beef production facility in Souderton, Pennsylvania, and a value-added processing plant in Memphis, Tennessee, as a shrinking U.S. cattle herd continues to pressure the economics of large-scale beef processing. The Pennsylvania plant is the more significant of the two closures. It employs roughly 1,700 workers and can process around 2,000 […]
SBF Loses Appeal, Locking in 25-Year FTX Fraud Sentence
A federal appeals court has denied Sam Bankman-Fried’s bid to overturn his fraud conviction, cementing the 25-year prison sentence handed down following the $8 billion collapse of crypto exchange FTX. On June 12, a three-judge panel of the 2nd U.S. Circuit Court of Appeals ruled against Bankman-Fried, upholding his 2023 conviction on seven felony counts […]
Allied Gold: The Zijin Deal Is On The Rocks
Zijin’s $5.5 billion takeover of Allied Gold (TSX: AAUC) was supposed to be a straightforward all-cash deal. Instead, the closing has now been pushed back multiple times, and the growing question is no longer whether shareholders liked the price — it’s whether China still wants to pay it. In this video, we break down why […]
Why Silver’s Drop May Not Mean the Bull Market Is Over | Peter Krauth
In this conversation with Peter Krauth from Silver Stock Investor, and the author of The Great Silver Bull, we discuss why he believes silver’s recent consolidation is not a sign of weakness but a sign of strength. Peter explains why he sees the current price action as a bear trap for late entrants, why inflation […]
Anthropic Suspends Fable 5 Access After US Government Export Control Order
Anthropic has disabled access to its Fable 5 and Mythos 5 AI models after the US government issued an export control directive Friday afternoon, citing national security authorities. The company received the order at 5:21 p.m. ET and moved to cut off all users rather than risk non-compliance. The directive targeted foreign nationals, covering anyone […]
Judge Freezes Trump’s $1.8B Anti-Weaponization Fund
A federal judge has turned the Trump administration’s own retreat from a $1.776 billion “Anti-Weaponization Fund” into a legal test of whether verbal assurances are enough to stop a program that still appears to exist on paper. US District Judge Leonie Brinkema in Alexandria, Virginia, continued blocking the fund, issuing a preliminary injunction after the […]
Will The Real US-Iran Peace Deal Please Stand Up?
Much has transpired with the back-and-forth on the possible US-Iran peace deal, but the recent purported draft now reads less like a mutual settlement than a fight over who pays, withdraws, and concedes before the real nuclear negotiation even starts. Iran’s semi-official Mehr news agency published what it described as the draft memorandum with Washington, […]
Saylor: I Said You, Not The Company, Should Never Sell Bitcoin
Michael Saylor’s latest defense of Strategy’s Bitcoin sale turns the company’s “never sell” identity into a narrower claim: individual holders should hold forever, but a public company can still use Bitcoin when its financing structure demands cash. The distinction landed after Strategy sold 32 Bitcoin between May 26 and May 31 for about $2.5 million, […]
Lundin Gold Distributes Entire LunR Stake to Shareholders as Dividend in Kind
Lundin Gold (TSX: LUG) has handed its shareholders direct ownership of a royalty company, distributing 50,505,051 common shares of LunR Royalties Corp (TSX: LUNR) as a dividend in kind on June 11. Shareholders of record as of June 4 were set to receive roughly one LunR share for every five Lundin Gold shares held, paid […]
Silver Storm Pours First Doré at La Parrilla, Restarting Mexican Mine
Silver Storm Mining (TSXV: SVRS) has poured its first silver-gold doré at the La Parrilla Silver Mine Complex, marking the restart of a Mexican operation it acquired less than three years ago. The doré was produced during commissioning of the oxide processing circuit at the 100%-owned project in Durango State. Silver Storm now expects to […]