Spirit Airlines Ceases All Flights Effective May 2 in Orderly Shutdown
Spirit Airlines, a pioneer of ultra-low-cost travel in the US, has ceased all operations as of May 2, 2026, after failing to secure a $500 million bailout from the Trump administration. The carrier, known for its distinctive yellow planes, announced an ‘orderly wind-down’ on Saturday, leaving thousands of passengers stranded and over 11,000 employees facing […]
Carney Signals New Alberta Oil Pipeline as ‘More Likely Than Not’ Amid Global Energy Demand
Prime Minister Mark Carney has declared a new oil pipeline out of Alberta as ‘more likely than not,’ citing heightened global demand for secure energy sources amid the ongoing war in Iran and Canada’s push to access Asian markets. In a rare interview, Carney emphasized the strategic need to diversify export routes for Alberta’s oil […]
Meta Could Pull Instagram, Facebook From New Mexico Over Age Verification Rules
Meta Platforms (NASDAQ: META), the parent company of Instagram, Facebook, and WhatsApp, has warned it may shut down access to its platforms across New Mexico as the tech giant faces mounting legal pressure over child safety. In a court filing, the company argued that a state demand for 99% accuracy in verifying that users are […]
Musk’s OpenAI Suit Testimony: “Steal A Charity”, “Extinction Risk”, And Other Highlights
Elon Musk used three days of testimony in Oakland to argue that OpenAI abandoned its founding bargain, framing the case as a test of whether a nonprofit AI lab can raise money under a public-good mission and later convert that trust into private financial upside. Musk is suing OpenAI, CEO Sam Altman, president Greg Brockman, […]
Study Shows Immigration Surge Tied To “Extraordinary” Canada Youth Unemployment
Canada’s youth unemployment crisis has become a policy fight over whether Ottawa’s post-2020 immigration expansion flooded entry-level labour markets faster than employers could absorb young workers. A new Fraser Institute study by Philip Cross argues that youth unemployment in Canada has risen to an “extraordinary” level for an economy that was not in recession, with […]
Spirit Airlines Faces Imminent Shutdown as Bailout Talks Collapse
Spirit Airlines, a low-cost carrier already battered by financial woes, is on the verge of shutting down after negotiations for a $500 million federal bailout fell apart. The collapse of the rescue deal, reported this afternoon, leaves the airline with few options and a timeline of mere days before a potential cessation of operations. The […]
Liberals Use New Majority To Halt Committee Debate on $6.6 Billion IT Project
The Canadian Liberal government has abruptly ended a parliamentary committee debate over a $6.6 billion IT modernization project, drawing sharp criticism from opposition parties who say that the Liberals are abusing their new majority government. The move, made on the grounds of cabinet confidentiality, has fueled concerns about the management of one of the largest […]
Tether Holdings Amasses $19.8 Billion in Gold Reserves, Becomes Top Non-Bank Holder
Tether Holdings SA, the issuer of the world’s largest dollar-pegged stablecoin USDT, added over six tons of gold to its reserves in the first quarter of 2026, pushing the total value of its bullion holdings to $19.8 billion as of March 31. This positions Tether as the largest known non-bank holder of gold globally, with […]
Mining Supercycle Gains Momentum as Funds Pour $8.24 Billion into Sector in Q1
Major fund managers are signaling the dawn of a mining supercycle, with investments in the sector surging at an unprecedented pace. Assets under management in mining exchange-traded funds soared to $87.4 billion by March 31, 2026, more than doubling from $37 billion a year earlier, driven by robust demand for AI infrastructure, defense spending, and […]
US Launches $12 Billion Critical Mineral Stockpile Plan, Initially Sourcing from China
The US Export-Import Bank has unveiled Project Vault, a $12 billion initiative to create a critical mineral stockpile, with initial sourcing open to global suppliers, including dominant player China. Announced on April 30, the program aims to shield US industries from supply shocks while laying the groundwork for domestic and allied production dominance. Backed by […]