Tuesday, June 2, 2026

Elliott Takes A$1B Stake in Northern Star, Pushes for Strategic Review and Sale

Elliott Investment Management revealed on Monday that it has invested A$1 billion in the ASX-listed Northern Star Resources. The activist investor then immediately began making demands, ordering Northern Star to begin a strategic review, find a buyer if necessary, and fix a board that has overseen too many self-inflicted wounds at Australia’s biggest gold miner. […]

Canada’s Technical Recession: Carney Defends Economy While Trump Posts “51st State”

President Donald Trump revived his “51st State!” taunt after Bloomberg framed Canada’s latest GDP data as the country’s first technical recession since 2020. The one-line post turned a narrow statistical argument into a sovereignty fight, giving Washington’s loudest annexation rhetoric a fresh economic hook. Canada’s economy is weak, but not weak in a way that […]

Is Canada Actually In A Recession?

Canada now has two recession scoreboards, and they are not giving the same answer. On the first scoreboard, the economy has already tripped the market’s recession alarm. Real GDP fell at an annualized 0.1% rate in the first quarter of 2026 after a revised 1.0% decline in the fourth quarter of 2025, putting Canada into […]

Gold Overtakes, But Yet To Dethrone, US Treasuries In Global Reserves

Gold has overtaken US Treasuries as the largest single asset in global official reserves, turning a long-running central-bank hedge into a visible challenge to the market’s safest benchmark debt. The shift is striking but not clean-cut. The European Central Bank said gold represented 27% of total global official reserves at the end of 2025, ahead […]

Meta’s Own AI Handed Hackers the Keys to Instagram

Hackers exploited a vulnerability in Meta‘s AI-powered customer support chatbot over the weekend of May 31 to seize Instagram accounts — including the dormant Obama White House handle and the official account of the Chief Master Sergeant of the Space Force — after step-by-step instructions for the attack began circulating on Telegram. Meta said it […]

Expanding Air[Ford]: Doug Ford Defends Billy Bishop Airport Expansion

Ontario Premier Doug Ford is defending his government’s plan to expand Billy Bishop Toronto City Airport as an economic development project, but the political fight has shifted from airport capacity to whether Ontario is using provincial power to advance a waterfront plan that could strengthen a privately operated terminal business. The province’s case is built […]