Gold Won’t Get Banking Upgrade in July, Industry Says
Claims that gold will be upgraded to a high-quality banking asset this July are false, the London Bullion Market Association said, debunking widespread online reports about changes to Basel III banking rules. The LBMA said inaccurate reports falsely claim gold will be reclassified as a “High Quality Liquid Asset” under Basel III banking regulations starting […]
Energy Giant Vitol Partners With Breakwall On Americas Mining Fund
Vitol Group is leveraging nearly $45 billion in recent profits to transform from the world’s largest oil trader into a diversified commodity empire, with its latest move targeting the mining sector. The Geneva-based company announced a partnership with Breakwall Capital to launch Valor Mining Credit Partners LP, a fund providing financing to mining companies across […]
Boxing Legend Mike Tyson Leads Celebrity Push for Federal Cannabis Reform
Boxing legend Mike Tyson is leading a group of high-profile athletes and entertainers in calling on President Donald Trump to implement federal cannabis policy changes, according to a letter sent to the White House in late June. The “Coalition of Athletes and Entertainers Supporting President Trump’s Policy Objectives” includes NBA star Kevin Durant, former NBA […]
Figma Files for Up to $1.5B IPO In One Of 2025’s Biggest Tech Listings
Online platform Figma submitted its S-1 to the SEC on Wednesday, confirming plans to list on the New York Stock Exchange under the ticker FIG and signalling an IPO window that bankers say could open by late summer. Renaissance Capital pegs potential proceeds at up to $1.5 billion, matching the year’s largest tech float to […]
Senate Narrowly Passes Trump’s One Big Beautiful Bill In 51-50 Vote
The Senate pushed President Donald Trump’s “One Big Beautiful Bill Act” over the line, 51-50, with Vice President JD Vance casting the tie-breaker. The package folds a $150 billion windfall for shipbuilding, the Golden Dome homeland-missile shield, and munitions into the FY2026 defense ledger. The bill now returns to the House, where Trump has demanded […]
Mexico Oil Production Hits 46-Year Low as Pemex Posts $2B Loss
Mexico’s state oil company Pemex posted a $2.12 billion quarterly loss as crude production plummeted to its lowest level in nearly five decades, deepening a financial crisis at the world’s most indebted energy company. Current oil output stands at 1.71 million barrels per day as of February, the lowest since 1979, while January exports by […]
Court Allows Celsius’s $4 Billion Lawsuit Against Tether to Proceed
A federal bankruptcy judge ruled June 30 that Celsius Network‘s $4 billion lawsuit against stablecoin issuer Tether can proceed, rejecting the company’s dismissal motion nearly a year after the case was filed, according to court documents and financial news reports. Celsius filed the lawsuit in August 2024, alleging Tether improperly sold 39,500 Bitcoin at $20,656 […]
Tesla Vehicle Deliveries Drop 14% in Second Quarter, Marking Steepest Decline on Record
Tesla (NASDAQ: TSLA) reported a significant decline in vehicle deliveries for the second quarter of 2025, with 384,122 units delivered—a 14 percent decrease from the same period last year and the company’s steepest year-over-year drop on record. The electric vehicle manufacturer also produced 410,244 vehicles during the quarter, slightly down from 410,831 produced a year […]
ESGold Names Gordon Robb As Chief Executive Officer
ESGold Corp (CSE: ESAU) this morning announced the appointment of Gordon Robb to the role of CEO. The appointment follows an executive search as ESGold transitions to the role of a gold and silver producer, rather than a development stage company.
Riot Platforms Begins To Unload Bitfarms Stock
Riot Platforms (NASDAQ: RIOT) appears to be losing interest in a potential takeover of Bitfarms (TSX: BITF). The crypto name last night disclosed that it had reduced its holdings in Bitfarms, a stake which it had established after trying to acquire the crypto miner last year. Riot yesterday sold a total of 2.8 million shares […]