Is Powell About to Be Out?
Reports that President Donald Trump brandished a draft dismissal letter during a late Oval Office huddle with a dozen House Republicans have reignited the question that has hovered over US monetary policy for months: will the president try to sack Fed Chair Jerome Powell before the latter’s term ends next May? According to participants, Trump […]
House Petition Tabled To Force Epstein List Release
The House may soon confront a direct test of its appetite for transparency in the Jeffrey Epstein investigation. Reps. Thomas Massie and Ro Khanna filed a discharge petition, putting the plenary within striking distance of forcing a floor vote that would demand release of all Epstein-related files. The procedure tabled by the Kentucky Republican bypasses […]
Ex-Engineer Says Tesla Invented Crash Data for Autopilot
Former Tesla (NASDAQ: TSLA) software engineer Akshay Phatak told a Miami federal jury that the carmaker kept no crash-rate records for its Autopilot system before March 2018, despite publicly releasing safety statistics over that period. “No,” Phatak replied when asked whether Tesla tracked crashes per vehicle-mile with Autopilot engaged. Phatak’s videotaped deposition, unsealed over Tesla’s […]
Trump Order Opens 401k Door to Private Equity
President Donald Trump is expected to sign an executive order within days directing the Labor Department and the SEC to craft guidance that lets 401(k) plan sponsors add private market assets—private equity, venture capital, real estate and hedge funds—to their investment menus, as reported by The Wall Street Journal. The move resurrects a 2020 Labor […]
Nova Scotia Restarts Offshore Gas Bids After 2023 Veto
Nova Scotia has swung the door back open to offshore natural gas drilling. Last week, the province launched a formal call for bids on parcels southeast of Sable Island, inviting companies to explore reserves once tapped by the Deep Panuke and Sable projects. “We’re ready to do it again. It’s time to unlock Nova Scotia’s […]
Carney’s Spending Review Order Makes CBC Brace For 15% Budget Cut
Prime Minister Mark Carney’s new spending review has ordered every major Crown corporation—including CBC/Radio-Canada—to draw up plans that would trim as much as 15% from their operating budgets over the next three years. CBC CEO Marie-Philippe Bouchard told employees in an internal memo that the broadcaster must identify up to $198 million in annual “savings.” […]
Alimentation Couche-Tard Withdraws Bid For 7-Eleven Parent: “No Sincere Engagement”
Alimentation Couche-Tard has abandoned its ¥2,600-a-share cash bid for Seven & i Holdings, telling the Japanese retailer’s board that ten months of “obfuscation and delay” left no viable path to a deal. The decision caps a courtship that would have united two of the world’s biggest convenience store operators under the 7-Eleven banner. In a […]
Sitka Gold Drills 2.09 g/t Gold Over 47.6 Metres At Saddle Zone
Sitka Gold (TSXV: SIG) has continued to hit large intersects of gold mineralization at their flagship RC Gold project in Canada’s Yukon. An ongoing 30,000 metre drill campaign has again seen positive assay results released, with the latest results coming from the Saddle zone. Multiple intersections of near surface gold mineralization have been made at […]
Eldorado To Increase Amex Exploration Interest To 17% With $17.6 Million Investment
Amex Exploration (TSXV: AMX) is set to expand its ownership by strategic investors, with the company announcing this morning that Eldorado Gold (TSX: ELD) will be taking a larger stake in the company. Eldorado intends to acquire 11.0 million common shares of Amex, with that investment to occur at a price of $1.60 per share, […]
Denison Sees Mining Resume At McClean Lake Joint Venture
The McClean Lake Joint Venture, owned by both Orano (77.5%) and Denison Mines (TSX: DML) (22.5%) is once again officially producing uranium, after operations were halted initially back in 2008. Production has resumed on a small scale after the duo jointly developed what is referred to as Surface Access Borehole Resource Extraction, or SABRE, which […]