Bankruptcy Cases Surge to Over 500,000, Highest Since 2010
US bankruptcy courts processed 542,529 cases during the year ending June 30, an 11.5% spike that reflects growing financial strain across the economy and represents a sharp reversal from recent lows, new federal data reveals. The sharp increase signals growing economic distress, as elevated borrowing costs, persistent inflation, and tightening credit force both businesses and […]
Elon Musk Shelves Third-Party Plans, May Back Vance in 2028
Tesla CEO Elon Musk is stepping back from plans to form a new political party, sources say, as he shifts focus to his business empire and seeks to avoid damaging relationships with influential Republicans. The Tesla and SpaceX CEO announced the “America Party” in July following a public dispute with President Donald Trump over Trump’s […]
US-EU Deal Locks Trillion-Dollar Energy, Chips, and Investment Flows To US
The US and the EU have announced a sweeping trade package that resets tariff baselines, commits the bloc to major US energy and chip purchases, and targets deeper investment and rules-of-origin coordination. The statement outlines near-term changes effective Sept. 1 and several measures contingent on legislation and future negotiations. Washington will impose a 15% tariff […]
Santacruz Silver Q2 2025: Net Income Surges Amid Output Decline
Santacruz Silver Mining (TSXV: SCZ) reported Q2 2025 revenue of $73.3 million, up 4% year-over-year from $70.5 million. Cost of sales fell 11% to $42.6 million, lifting gross profit 59% to $25.3 million. This leads the gross margin to expand to 34.5% from 22.5%. Average realized price per silver equivalent ounce sold improved 6% to […]
Meta Slams The Brakes On AI Hiring After Nine-Figure Salary Spree
Meta Platforms (NASDAQ: META) has frozen hiring across its artificial intelligence division after months of aggressive recruiting, according to the Wall Street Journal. The pause began last week, also blocking internal transfers inside the AI group unless approved by Chief AI Officer Alexandr Wang. A Meta spokesperson called the move “basic organizational planning” to build […]
White Gold Increases Mineral Resources To 3 Million Ounces At Flagship Project
White Gold Corp (TSXV: WGO) has increased the mineral resource estimate for their flagship White Gold project in west-central Yukon. The update follows the reworking of the model for both the Golden Saddle and Arc deposits. The revised estimate has seen an improvement in both indicated and inferred resources, with indicated resources growing 44%, and […]
Marimaca Copper Enters Option Arrangement For Sulfuric Acid Plant
Marimaca Copper (TSX: MARI) has taken an uncommon approach to stabilizing the price of their inputs for their flagship Marimaca Copper project in Chile, announcing this morning that they have entered into an option agreement to acquire a sulfuric acid plant. The plant, which has a capacity of 150,000 tonnes per annum, represents 30-40% of […]
Small Business Recovery Stalls with 2024 Insolvencies at 15-Year High
A new Innovation, Science and Economic Development Canada research paper finds retail startups are down about 21% from pre-pandemic levels, underscoring how COVID-era disruptions continue to suppress firm formation. That startup shortfall is mirrored by insolvency data. In 2024, total insolvencies in Canada rose 12.1% year over year, according to the Office of the Superintendent […]
Altima Energy Closes $5.5M Private Financing As MCTO Deadline Nears
Oil and gas company Altima Energy (TSXV: ARH) received final acceptance from the exchange to close its $5.5 million private placement. The Vancouver-headquartered company issued 20,000,000 units at $0.275 per unit. Each unit consists of one common share and one share purchase warrant. Each warrant is exercisable at $0.40 for two years from issuance. Altima […]
China Bans ‘Autonomous Driving’ Marketing Claims Following Fatal Crash
China has prohibited automakers from marketing their vehicles with misleading language such as “autonomous driving” and “intelligent driving,” as regulators impose sweeping new restrictions following a deadly crash involving driver-assistance technology. The sweeping restrictions, announced at an April 16 meeting with nearly 60 automotive executives, require companies to use precise technical classifications instead of promotional […]