South Korea’s US Projects Stall After 475-Korean Worker ICE Raid
South Korea’s biggest US industrial push hit an abrupt wall after federal agents detained 475 workers—including nearly 300 South Koreans—in a recent immigration raid at Hyundai-LG’s Georgia battery megasite, halting construction and prompting companies to curtail US travel and reassess timelines. Foreign Minister Cho Hyun is in Washington to press for fast processing and future […]
Nasdaq Seeks SEC Nod To Allow Tokenized Stock Trading
Nasdaq filed with the SEC on Monday to permit tokenization and blockchain listing of stocks, a move that would let customers trade tokenized shares with the same priority as traditional equities. In its Monday filing, Nasdaq said markets can adopt tokenization while “continuing to provide the benefits and protections of the national market system.” President […]
Parliament Chief Confirms European Demand for Canadian Energy Exports
The European Union’s top parliamentary official confirmed Sunday that European nations stand ready to import Canadian oil and gas, indicating the bloc may accept higher energy costs to secure supplies from dependable allies rather than unreliable partners. European Parliament President Roberta Metsola answered affirmatively when questioned during a CTV Question Period interview about potential European […]
Pentagon Has Less Than Two Years to Wean Off Chinese Rare Earths
The Pentagon has less than two years to eliminate Chinese-sourced magnets and metals from US weapons systems under new restrictions that also cover Iran, North Korea, and Russia, a mandate that threatens to disrupt defense production as the military scrambles to build alternative supply chains. Starting January 1, 2027, defense contractors will be banned from […]
SpaceX Agrees to $17B Deal for EchoStar Spectrum, Canceling Satellite Contract
Elon Musk’s SpaceX has reached a $17 billion agreement to acquire wireless spectrum from EchoStar Corp., a transaction that will strengthen the rocket company’s satellite internet capabilities while derailing EchoStar’s competing constellation plans. Under the agreement, SpaceX will provide $8.5 billion in cash plus equity valued at $8.5 billion for the AWS-4 and H-block spectrum […]
Northern Superior Expands Philibert With 350 Metre Step Out Testing 1.10 g/t Gold Over 25.5 Metres
Northern Superior Resources (TSXV: SUP) has begun exploration activities at their newly acquired Hazeur property in the Chibougamau Gold Camp of Quebec. The property, found adjacent to their flagship Philibert Project, is believed to contain the western extension of key zones of the Philibert conceptual pit.
Teck Resources To Combine With Anglo American To Establish Canadian-Based Critical Minerals Powerhouse
Canada is about to be the home of a major critical minerals powerhouse. Teck Resources (TSX: TECK.B) and Anglo American are set to combine in what is being billed as a “merger of equals” to establish a giant within the copper market that is based in Canada. The merger is set to see the establishment […]
Freeport Reports 7 Miners Trapped Underground At Grasberg, Mining Halted
Seven miners are currently stuck underground at Freeport’s (NYSE: FCX) Grasberg Block Cave underground mine in Indonesia. The workers became trapped after what Freeport described as a “large flow of wet material from a production drawpoint” on Monday evening. The incident has reportedly blocked access to certain areas within the mine, including evacuation routes. Crews […]
Bessent Allegedly Threatened Pulte Over Fannie and Freddie: “I’m Gonna Punch You In Your F*cking Face”
Treasury Secretary Scott Bessent threatened to punch Federal Housing Finance Agency director Bill Pulte at a private Georgetown dinner, a confrontation that witnesses say laid bare a deepening turf war over Fannie Mae and Freddie Mac. The clash erupted during cocktails at Executive Branch, an ultra-exclusive club, where a 30-plus-person table had been set for […]
Canada’s Regulatory Burden Up 37% Since 2006 To Over 321,000 Rules
Canada’s regulatory burden has risen 37% since 2006 to more than 321,000 requirements, a load that National Bank of Canada estimates has cut GDP by 1.7%, reduced business investment by 9%, and left employment 1.3% weaker. “The economic cost is undeniable,” National Bank chief economist Stéfane Marion said. Business leaders now rank regulation as the […]