Ottawa Signals Trans Mountain Could Stay Public as Privatization Window Closes
The federal government’s plan to privatize Trans Mountain Corp. is quietly dying, and the executives running the pipeline and its Crown parent spent a Toronto luncheon on May 11 making the case for keeping it that way. Elizabeth Wademan, head of Canada Development Investment Corp., the Crown corporation that holds Trans Mountain as a subsidiary, […]
US Seeks Long-Term Military Rights In Greenland
Washington’s Greenland strategy is moving beyond military access and into control over the island’s future investment choices, raising the prospect that a future independent Greenland could inherit limits on both its security policy and its major foreign deals before it becomes a state. The New York Times, citing interviews with officials in Washington, Copenhagen, and […]
“Fire Doug Ford” Petition Gains Ground, But Can It Succeed?
A Change.org campaign demanding Ontario Premier Doug Ford’s removal is asking Ontario’s legislature for an outcome that voters cannot trigger under the province’s current election rules. The petition, titled “Fire Doug Ford (Recall An Elected Official),” appears on Change.org as a campaign addressed to the Ontario Legislature. It currently shows 2,050 verified signatures, while the […]
Russia Hit a Chinese Ship One Night Before Putin’s Beijing Summit
A Russian drone struck a Chinese-owned cargo ship in the Black Sea overnight, Ukraine announced Monday — one day before Russian President Vladimir Putin departs for a two-day state visit to Beijing to meet with Xi Jinping. Ukrainian President Volodymyr Zelensky confirmed the strike in a social media post, saying drones had targeted the Odesa […]
SpaceX’s Prospectus Is Coming—and the Hype Is Already Ahead of the Numbers
SpaceX is about to file its public prospectus — the first time the world will see the financials behind a company targeting a $1.75 trillion valuation, a $75 billion raise, and the largest initial public offering ever recorded. Pricing is set for June 11, with trading beginning the following day on the Nasdaq under the […]
Starbucks Cuts 300 Corporate Jobs and Closes Four Regional Offices
Starbucks (Nasdaq: SBUX) cut 300 US corporate jobs and shuttered four regional offices on Friday — the company’s third round of layoffs since CEO Brian Niccol took over in September 2024. The affected roles are in marketing, human resources, and supply chain. Offices in Atlanta, Chicago, Dallas, and Burbank, California, will close; Seattle, New York, […]
Canada Confirms First Hantavirus Case Linked to MV Hondius Cruise Ship Outbreak
Canada’s Public Health Agency confirmed that a Yukon resident in their 70s tested positive for the Andes strain of hantavirus after returning from the MV Hondius, a polar expedition cruise ship at the centre of an outbreak that has sickened at least 10 passengers and killed three people worldwide. The individual, a Yukon resident in […]
Crypto Market Takes Another Hit as Bitcoin Dips Below $77K in Monday Flash Crash
Bitcoin fell below $77,000 Monday for the first time since May 1, shedding $1,600 in hours and erasing more than $32 billion from its market cap. The sell-off wiped out $551.68 million in long positions over the same window, according to CoinGlass data. Ethereum dropped below $2,100 in the same move, per BlockBeats. Last Friday’s […]
Barakah Nuclear Plant Takes First Hit of Iran Conflict, Forcing Reactor to Backup Power
A drone punched through UAE air defenses Sunday and struck a generator at the Barakah Nuclear Energy Plant in Abu Dhabi’s Al Dhafra region, the first direct hit on the Arabian Peninsula’s only nuclear facility since fighting with Iran erupted on February 28. Of the three drones involved, air defenses brought down two. The third […]
First Majestic Q1 Earnings: A Bang Up Quarter
First Majestic Silver (TSX: AG) (NYSE: AG) just delivered another massive quarter, with record revenue, a surging treasury, and one of the strongest free cash flow performances in the company’s history.