Amazon Raises Record $14B Canadian Bond For AI Funding
Amazon.com is asking Canadian bond buyers to finance part of an AI infrastructure race whose biggest rewards still belong to equity investors. The company is expected to raise $14 billion in a Canadian-dollar high-grade bond sale, according to market reporting, in a deal that would rank as a record for Canada’s corporate bond market if […]
Morningstar Sees SpaceX Worth Half Its IPO Price
Morningstar thinks SpaceX is worth roughly half of what the rocket and satellite company is asking the public to pay. In its first research coverage of the company, the firm pegged fair value at $780 billion, far below the roughly $1.75 trillion valuation SpaceX is targeting in its initial public offering. Analyst Nicolas Owens however […]
Sam Bankman-Fried Files Formal Pardon Bid With DOJ
Sam Bankman-Fried has applied for a presidential pardon, submitting a petition to the Justice Department’s Pardon Attorney Office more than two years after his conviction over the collapse of FTX. The application, which requests a “pardon after completion of sentence,” has been assigned case number P338490. Bankman-Fried was convicted of orchestrating a fraud that cost […]
GoGold Secures Final Permits, Greenlights Construction at Los Ricos South
GoGold Resources (TSX: GGD) has cleared the last regulatory hurdle standing between its Los Ricos South project in Mexico and a shovel in the ground. The company said Mexico’s federal environmental authority, SEMARNAT, has granted all remaining permits and approvals needed to build the bulk-tonnage underground silver and gold mine in Jalisco State. With permitting […]
McEwen’s Grey Fox Project Expected To Extend Fox Complex Mine Life To 2041
McEwen Inc. (TSX: MUX) has released a pre-feasibility study for its wholly owned Grey Fox project, positioning the deposit as a major new source of ore for its operating Fox Complex and a central piece of the company’s plan to lift annual output. The study uses a base case built on a $3,000 per ounce […]
Antimony Resources Trenching at Bald Hill Averages 19.5% Antimony, Peaks at 44.2%
Antimony Resources (CSE: ATMY) has reported assay results from a winter trenching program at the South Zone of its Bald Hill antimony project, with grades running as high as 44.2% antimony.
Pelley Alleges CBS Told Him to ‘Inject Falsehoods’ in Minneapolis ICE Report, Calls for Weiss’s Removal
Scott Pelley accused CBS News editor-in-chief Bari Weiss of ordering him to falsify a report on federal immigration enforcement in Minneapolis — and said CBS management lied about a physical altercation to justify his firing — in an emotional New York Times interview published Sunday, his first since CBS cut him loose on June 2. […]
‘I’ve Had Enough’: Trump Walks Out of NBC Interview After Welker Challenges His Election Claims
President Donald Trump walked off the set of NBC’s Meet the Press Sunday after host Kristen Welker challenged him to produce evidence for his claims of election fraud in California — calling her “crooked or stupid,” saying “I’ve had enough,” removing his microphone, and leaving. NBC taped the interview on Friday at Custer Farms in […]
Private Markets Face Liquidity Reckoning as Withdrawal Restrictions Spread to Private Equity
Three of the world’s largest alternative asset managers gated flagship funds this week in a cascading series of withdrawal restrictions that began in private credit and spread into private equity, marking a new phase in a liquidity crunch building since the start of the year. On June 2, Cliffwater LLC capped redemptions from its $31 […]
Ontario Teachers’ 2019 SpaceX Bet Poised to Return $11.6 Billion as Historic IPO Nears
Ontario Teachers’ Pension Plan stands to collect up to US$11.6 billion on the $220-million US investment it made in SpaceX seven years ago, as the rocket and satellite company prepares for what would be the largest initial public offering in history. SpaceX set a fixed IPO price of $135 per share on June 3, targeting […]