US Jobless Claims Unexpectedly Fell Last Week: More Interest Rate Hikes To Come?
In further evidence that the US labour market remains resilient despite the Fed’s hawkish tightening cycle, latest data from the Department of Labour showed that the number of Americans filing for first-time unemployment benefits surprisingly fell 1,000 to a seasonally adjusted 194,000 claims for the week ending on February 11. Consensus forecasts amongst economists polled […]
Why Did Newcrest Reject Newmont’s $16.9-Billion Acquisition Offer?
Australian miner Newcrest Mining (TSX: NCM) announced last night that it has rejected the acquisition offer from Colorado-based gold producer Newmont Corp (NYSE: NEM) with its current price tag equivalent to $16.9 billion. According to the Indicative Proposal, Newcrest shareholders would get 0.380 Newmont shares for every Newcrest share held. Based on the last closing price of […]
China Blacklists Two US Defense Contractors That Are Already Barred In China
In an effort to make it look like its doing something, China announced Thursday that it had banned Lockheed Martin (NYSE: LMT) and a subsidiary of Raytheon Technologies (NYSE: RTX) due to their military sales to Taiwan. Adding the corporations to its “unreliable entities list” prevents them from engaging in China-related export and import activity. Lockheed […]
HydroGraph Enters Final Testing Phase For Graphene Production Unit
HydroGraph Clean Power (CSE: HG) has entered the final testing phase for its Hyperion System, which is designed to produce high-purity graphene. Full assembly of the testing unit has been completed, with testing at the individual reaction chamber level said to have been successful. The company is now in the process of final testing of […]
Tesla Said To Have Fired 30 Employees After Attempt To Unionize New York Facility
Tesla (NASDAQ: TSLA) has reportedly fired employees associated with a recent push to unionize its Buffalo plant in New York, as per a new report by Reuters. A total of 30 employees are said to have been fired at the plant after the news surfaced earlier this week that they were looking to unionize. Workers […]
Sprott Physical Uranium Trust Looks To Buy More Uranium With $1.3 Billion ATM Offering
The Sprott Physical Uranium Trust (TSX: U.UN) is looking to add further physical uranium to its holdings. The firm late last night indicated it intends to raise further funds to purchase physical uranium via an at-the-market financing. The program will see the fund issue up to US$1.3 billion in additional trust units via an at-the-market […]
Return to Nuclear Power: Japan Moves to Maximize Facilities and Expand Workforce
Japan has started taking steps toward its u-turn on nuclear power, reversing policies established after the 2011 Fukushima disaster. Its Cabinet on Friday formally adopted a policy that was approved by Prime Minister Fumio Kishida’s panel in December to allow for nuclear reactors to operate beyond 60 years and build new reactors to replace decommissioned […]
Quebec Doesn’t Want New York’s Migrants
New York City has been sending a record number of migrants to Canada, sparking concern among Canadian officials. New York City Mayor Eric Adams, who last year condemned the “inhumane” treatment of Texas officials of migrants from the southern border after they were sent by bus to New York, is now using taxpayer funds to […]
WallStreetBets Founder Sues Reddit for Ousting Him As Moderator
Jaime Rogozinski, the founder of the WallStreetBets, the popular subreddit forum that influenced the rise of meme stocks, has filed a lawsuit against Reddit. The lawsuit is based on allegations that Reddit breached a contract by removing him as a r/WallStreetBets moderator and violating his right to trademark the WallStreetBets brand, among other complaints. WallStreetBets […]
Republicans Introduce Bill To Ban Russian Uranium
It appears that certain members of the US Congress are moving forward with a plan to ban Russian uranium in the United States. The bill has been introduced by Cathy McMorris Rodgers, a Republican representative from Washington’s District 5, and is co-sponsored by Rep Robert E. Latta, from Ohio. Details on the bill itself are […]