Five Years Of “Growth” Vanish In Federal Reserve Benchmark Data Reset
The Federal Reserve has “revised its indexes of industrial production, capacity, and utilization using benchmark data,” effectively erasing five years of reported industrial outperformance, leaving total US industrial production in August 2025 roughly flat versus February 2020 instead of the previously reported 2.2% gain. Over the same period, manufacturing output now shows a net 1½% […]
Nvidia Rushes To Defend Its AI Supremacy, Calls Itself “A Generation Ahead”
Nvidia (NASDAQ: NVDA) turned a routine corporate tweet into a spectacle of perceived defensiveness when its official newsroom account publicly insisted the company remains “a generation ahead of the industry.” “We’re delighted by Google’s success — they’ve made great advances in AI and we continue to supply to Google. NVIDIA is a generation ahead of […]
Stalled Sisson Mine Approvals Test Carney’s Major Projects Office Fasttrack Agenda
Prime Minister Mark Carney’s flagship fasttrack agenda has hit an early wall as New Brunswick confirmed the Sisson Mine has met none of the 40 conditions required under its environmental impact assessment and will not yet be approved to proceed to construction. Sisson was promoted in Carney’s second wave of “nation-building” projects and referred earlier […]
Carney Douses Ottawa-Alberta Energy MOU With BC, First Nations Approval
Prime Minister Mark Carney’s clarification that the Alberta energy memorandum will create “necessary conditions, but not sufficient conditions” for a new pipeline to the Pacific coast turns Ottawa’s apparent yes into a conditional roadmap where British Columbia and First Nations now stand as explicit gatekeepers. The draft memorandum of understanding between Ottawa and Alberta had […]
Bitcoin ETF Outflows Near Record $3.6 Billion as Prices Fall 30%
US Bitcoin exchange-traded funds are experiencing their worst month on record, with investors withdrawing approximately $3.57 billion through November 25, approaching the previous record of $3.6 billion set in February. BlackRock‘s iShares Bitcoin Trust, the market’s dominant spot Bitcoin ETF, saw $2.2 billion in withdrawals this month — a jump from October’s $291 million in […]
Prospector Metals Drills 7.29 g/t Gold Over 14.0 Metres In Second Hole At Tess Zone
Further assay results are now in hand for Prospector Metals (TSXV: PPP) from their newly discovered Tess Zone, which is part of their ML property in Canada’s Yukon. The latest results consist of assay results from fifteen drill holes conducted across five targets on site, with all assays now released for the 39 hole drill […]
DPM Metals Outlines $2.2 Billion NPV For Coka Rakita In Feasibility Study
DPM Metals (TSX: DPM) has completed a feasibility study on their Coka Rakita gold project in Serbia, outlining a net present value for the operation of US$782 million and an internal rate of return of 36%, based on a discount rate of 5% and a gold price of just US$1,900 an ounce. At $3,500 an […]
Barrick Sees Director Resign After Just Seven Months
Further leadership changes are taking place at Barrick Mining (TSX: ABX), whom this morning announced the resignation of their lead independent director. Ben van Beurden has stepped down from the company, with no reason provided for the departure. The departure is rather odd, given the fact that van Beurden, former CEO of Shell, joined the […]
Newfoundland Premier Vows Return to Oil Industry, Seeks Federal Support
Newfoundland and Labrador Premier Tony Wakeham declared Tuesday that the province is returning to the oil business after years of hesitation, pledging to revitalize the offshore industry and seek federal partnership for a major development project. During a state of the province address to the St. John’s Board of Trade, Wakeham criticized previous administrations for […]
US Commits $100 Billion to Break China’s Grip on Critical Minerals
The US Export-Import Bank will commit $100 billion toward securing supply chains for critical minerals, nuclear energy, and liquefied natural gas in the United States and partner nations, the agency’s chairman announced in a weekend interview with the Financial Times. John Jovanovic, who chairs the independent federal trade financing agency, said that initial deals will […]