Tulsi Gabbard Quits As Director of National Intelligence to Care for Husband Fighting Rare Bone Cancer
Tulsi Gabbard is leaving the top of the U.S. intelligence apparatus, driven out not by politics but by a diagnosis. Her husband Abraham has been found to have an extremely rare form of bone cancer, and Gabbard told President Trump on Friday, in person at the Oval Office, that she cannot keep the job. Her […]
Former Samsung Semiconductor Chief Says China Could Break the DRAM Price Surge
The former head of Samsung‘s semiconductor division says Chinese memory manufacturers could reverse the AI-driven global memory shortage and collapse DDR5 prices within a year — and ChangXin Memory Technologies‘s surging profits suggest the challenge is no longer theoretical. Kye-hyun Kyung, former President and CEO of Samsung’s Device Solutions (DS) Division, told a Korean engineering […]
US Consumer Sentiment Hits All-Time Low as Iran War Drives Gas Prices Higher
US consumer sentiment fell to its lowest recorded level in May, according to the University of Michigan’s final monthly survey released Friday, as soaring fuel costs tied to the ongoing Iran conflict pushed Americans’ economic outlook to historic depths. The University of Michigan’s Index of Consumer Sentiment dropped to 44.2 in May — its third […]
Turkey Tightens Institutional Grip After Court Rules Erdogan Opposition Removal
Turkey’s central bank became the country’s political shock absorber after a court ruling against the main opposition collided with fresh state moves over universities and local governments, forcing markets to price institutional risk before investors could finish pricing monetary policy. The most visible cost was in currency defense. Reuters reported that traders estimated the central […]
Wealthsimple’s USD Account Puts Pressure On Canadian Banks And Their Fees
Wealthsimple’s new US dollar account is not a full chequing substitute, but it may not need to be one to create a problem for Canadian banks that still monetize USD access through monthly charges, transaction fees, balance thresholds, and currency conversion friction. The company’s product is officially a USD savings account. It lets customers hold […]
Why Starbucks Is Pulling Out Its Inventory AI
Starbucks has run into a very practical problem inside its technology-heavy turnaround: an inventory tool cannot protect margins if stores cannot trust the count. The company has ended a North American AI inventory program that had been designed to make stock checks faster and more frequent, Reuters reported, citing an internal newsletter and two people […]
CRTC Triples Streaming Levy to 15%, Targeting $2B a Year for Canadian Content
Canada’s broadcast regulator tripled the financial burden on foreign streaming platforms Thursday, raising the mandatory contribution rate on Canadian revenues from 5% to 15% — a decision the CRTC says will unlock $2 billion a year for Canadian and Indigenous content. The move builds directly on the base 5% levy the regulator introduced in 2024, […]
WHO Raises DRC Ebola Outbreak Risk To “Very High”, Cases “Spreading Rapidly”
The Ebola outbreak in the Democratic Republic of Congo is forcing health agencies to fund and staff a response before they know the full size of the epidemic, a dangerous gap in a region where conflict, mining traffic, informal healthcare, and cross-border movement can turn missed cases into new transmission chains. WHO Director-General Tedros Adhanom […]
Fourteen Liberal MPs Warned Carney the Alberta Pipeline Deal Threatens Party Credibility
Fourteen Liberal MPs sent Prime Minister Mark Carney a private warning at the end of April: concede too much to Alberta on pipelines and carbon pricing, and the government’s credibility goes with it. The letter arrived before Carney had signed anything — and he signed anyway. “We remain deeply concerned; the government’s credibility will be […]
Codelco’s 2025 Copper Miscount May Point To Historic Output Low
Codelco has contained its 2025 production audit to disclosure and discipline, but the larger damage sits in the metric that matters most for a miner trying to prove its turnaround: reported copper output. The state-owned Chilean producer said an internal review found that 26,875 metric tons of fine copper had been recognized too early in […]