Iran Boosts Rail Trade with China to Counter US Blockade as Freight Costs Surge 40%
Iran has sharply increased rail cargo shipments from China to sidestep a US-led naval blockade that has crippled its maritime trade since April 13. Freight trains from Xi’an in central China to Tehran, previously running once a week, now depart every three to four days, with May schedules already fully booked. The rail corridor, stretching […]
DeSantis Shifts Stance on Alligator Alcatraz as Florida Awaits $608 Million Federal Reimbursement
Florida Governor Ron DeSantis has signaled a potential reversal on the future of Alligator Alcatraz, a controversial immigration detention center in the Everglades, as the state awaits $608 million in promised federal reimbursement for its operation. The facility, costing Florida $1 million daily, has become a financial burden amid discussions with the Trump administration about […]
White House Releases UFO Files On Trump’s Directive
The Department of War has launched an initial release of declassified Unidentified Anomalous Phenomena files under a new US government transparency effort, creating a centralized portal for UAP videos, photos, and original source documents while acknowledging that many of the anomalies remain unresolved. The files are being released through the Presidential Unsealing and Reporting System […]
American Eagle Gold Set to Begin 50,000 Metre Drill Program at NAK
American Eagle Gold (TSXV: AE) is preparing to for drills to start turning next week at its NAK copper-gold porphyry project, kicking off what the company is billing as its most ambitious exploration campaign to date. Drilling is scheduled to begin May 14 with three rigs turning, and ground crews are already on site readying […]
Wheaton Precious Metals Posts Record Q1 as Gold Rally Lifts Streamer’s Top Line
Wheaton Precious Metals (TSX: WPM) delivered a record setting first quarter, with revenue, earnings and cash flow all reaching new highs as the streaming company rode a near doubling of realized gold equivalent prices into 2026. Revenue climbed to $901 million, up roughly 92% from the $470 million reported a year earlier. Net earnings more […]
Grasberg Mine Rebuild Delayed to 2028, Freeport Confirms 40-50% Output
PT Freeport Indonesia has set a target of early 2028 to restore full production at its Grasberg copper mine, one of the world’s largest, following a debilitating mudflow accident last year. President Director Tony Wenas confirmed the timeline, aligning with a revised schedule from minority shareholder Freeport-McMoRan (NYSE: FCX), which now projects a return to […]
Coinbase Trading Platform Goes Down Three Days After CEO Bragged About AI Writing Production Code
Three days after Coinbase CEO Brian Armstrong fired 700 engineers and boasted that non-technical staff were pushing AI-generated code to production, the exchange’s trading engine went down — and the status page it uses to communicate outages crashed with it. The outage began at 18:06 PDT on May 7, taking down Coinbase’s website, mobile app, […]
A Western Company Just Locked Up Greenland’s Rarest Deposit—and Its Backers Have Washington Ties
A Western mining company now controls 92.5% of a Greenland rare earth deposit that outclasses anything China or the US currently operates. Washington helped engineer the deal. Now it may fund it too. Critical Metals Corp (Nasdaq: CRML) holds a 92.5% stake in Tanbreez Mining Greenland A/S after closing the final tranche of its acquisition […]
Iran Can Outlast US Blockade for Months, CIA Finds
The CIA delivered a confidential assessment to the White House this week, concluding that Iran can survive the US naval blockade for at least three to four months before facing severe economic hardship — and retains far more military firepower than Trump has publicly claimed. The assessment, reported by the Washington Post and confirmed by […]
Iran and the US Both Claim Victory After Hormuz Engagement
Three US Navy destroyers transited the Strait of Hormuz under fire Thursday, triggering the most serious military exchange since the ceasefire took hold in April. What happened next depends entirely on who you ask — and there is documented reason to be skeptical of both answers. US Central Command said the USS Truxtun, USS Rafael […]