Oracle Cuts Cloud Jobs in US, India, and Canada Operations
Oracle Corp. (NYSE: ORCL) is laying off employees across its cloud infrastructure division this week, affecting workers in the United States, India and Canada as the software giant reshapes operations while investing heavily in artificial intelligence. The job cuts target Oracle Cloud Infrastructure teams, including enterprise engineering, data center operations and AI development groups, according […]
Perplexity Makes $34.5B Bid for Google Chrome
Artificial intelligence startup Perplexity AI made an unsolicited $34.5 billion offer Tuesday to purchase Google‘s Chrome browser, positioning itself to potentially benefit from federal antitrust action against the tech giant. The cash bid comes as the US Department of Justice seeks to force Google to divest Chrome following a court ruling that found the company […]
Chilean Authorities Investigate Incident at Albemarle Lithium Plant
Chilean regulators are investigating a safety incident at Albemarle Corp.’s (NYSE: ALB) lithium processing facility in northern Chile, adding to supply concerns that have driven up lithium prices globally. The incident involved the rupture of an acid-carrying pipe at the company’s La Negra plant near Antofagasta last week, according to local lawmaker Jaime Araya, who […]
Energy Department Selects 11 Companies for Nuclear Reactor Pilot Program
Eleven advanced nuclear reactor projects have been chosen for President Donald Trump’s accelerated testing initiative, the Department of Energy announced Tuesday, with officials targeting operational status for at least three reactors by July 4, 2026. The initiative is the Trump administration’s effort to accelerate nuclear energy development and restore US leadership in the sector. The […]
Trump’s Nominee For Labor Statistics Wants To Suspend Monthly Jobs Report
President Donald Trump has nominated E.J. Antoni to lead the Bureau of Labor Statistics, which was quickly followed by reports saying that Antoni is suggesting to suspend the publishing of the monthly jobs report. The nomination and the remark immediately lit up social media especially after Trump fired the last commissioner over the unflattering jobs […]
Musk’s AI Chatbot Grok Briefly Suspended From X Platform
X temporarily banned its own AI chatbot Grok on Monday, suspending the account operated by Elon Musk’s xAI company for alleged platform violations in the latest controversy surrounding the unpredictable artificial intelligence system. The account remained inaccessible for 15 to 20 minutes before being restored. Users who tried to view the profile during this period […]
Metro Reports Net Earnings Jump In Q3 2025 Amid Online Growth Slump
Metro Inc. (TSX: MRU) posted solid fiscal Q3 2025 results with sales of $6.87 billion, up 3.3% from $6.65 billion a year ago. Food same-store sales rose 1.9% versus 2.4% last year. Online food sales growth slowed to 14.4% from 34.3% a year ago. Pharmacy same-store sales rose 5.5%, with prescriptions up 6.2% and front-store […]
Cenovus And Indigenous Partners To Rival Strathcona’s Unsolicited Bid For MEG Energy
Cenovus Energy (TSX: CVE) is in talks with a consortium of Canadian Indigenous groups to mount a joint bid for MEG Energy (TSX: MEG), a move that would create an immediate alternative to Strathcona Resources’ (TSX: SCR) unsolicited offer. The Indigenous partners, including Chipewyan Prairie First Nation and Heart Lake First Nation, are negotiating to […]
Andean Precious Metals Saw 85% Net Income Jump In Q2 2025 Despite Volume Drop
Andean Precious Metals (TSX: APM) reported a modest 6% year-over-year rise in Q2 2025 revenue to $73.7 million, driven by sharply higher realized prices—$3,316 per ounce for gold versus $2,305 per ounce a year ago and $34.36 per ounce for silver versus the prior $27.80 per ounce. Gross operating income more than doubled to $29.4 […]
Artemis Gold Posts First Profitable Quarter on Blackwater Ramp-Up In Q2 2025
Artemis Gold (TSXV: ARTG) reported its first profitable quarter following Blackwater’s transition to production. Revenue for Q2 2025 was $231.1 million versus nil last year as first gold and silver sales commenced. Production costs were $55.4 million and depreciation and depletion were $7.8 million, producing gross profit of $167.9 million and a gross margin of […]