OPEC Revives Supply as Saudi Leads August’s 400K b/d Increase
OPEC increased crude production by 400,000 barrels per day in August to 28.55 million barrels per day as the group continued restoring halted supply, a Bloomberg survey shows. Saudi Arabia drove just over half the gain, lifting output by 230,000 b/d to 9.6 million b/d—still below its 9.756 million b/d OPEC+ allowance for the month. […]
Google Must End Exclusive Deals But Can Keep Chrome Browser
A federal judge ruled Tuesday that Google (Nasdaq: GOOG) can keep its Chrome browser and Android operating system but must end exclusive contracts that made it the default search engine on smartphones and other devices, delivering a mixed verdict in the landmark antitrust case against the tech giant. US District Judge Amit Mehta rejected the […]
House Nears Vote on Epstein Files as White House Calls Effort ‘Hostile Act’
A bipartisan group of House lawmakers is pushing to force a vote on releasing all federal files related to convicted sex offender Jeffrey Epstein, despite fierce opposition from the Trump administration and GOP leadership. Rep. Thomas Massie, R-Ky., filed a discharge petition Tuesday that would compel the Justice Department to release all unclassified Epstein investigation […]
DOJ Opens Criminal Probe Of Fed’s Lisa Cook After Trump Firing Attempt
The US Department of Justice has opened a criminal grand jury investigation into Federal Reserve Governor Lisa Cook and issued multiple subpoenas over alleged mortgage fraud tied to properties in Ann Arbor, Michigan, and Atlanta, according to the Wall Street Journal. The probe centers on whether Cook claimed more than one primary residence and labeled […]
Pierre Poilievre Calls for End to Canada’s Temporary Foreign Worker Program
Conservative Leader Pierre Poilievre demanded Wednesday that Canada’s government immediately scrap its Temporary Foreign Worker program, arguing it has created an employment crisis among young Canadians by flooding the job market with cheap foreign labor. Speaking at a news conference in Mississauga, Poilievre said the program has displaced Canadian youth from entry-level positions while exploiting […]
Nasdaq Sets $15M Float Rule, $25M China IPO Bar
Nasdaq today proposed higher listing thresholds—including a $15 million minimum market value of public float for net-income standard IPOs, a $25 million minimum public-offering proceeds for companies principally operating in China, and an accelerated suspension or delisting process for firms with a listings deficiency and market value of listed securities below $5 million. The exchange […]
Amex Exploration Outlines $1.1 Billion NPV For Perron Project Under Revised PEA
Amex Exploration (TSXV: AMK) has completed an updated preliminary economic assessment for their flagship Perron gold project in Quebec. The PEa has been revised to include the latest mineral resource estimate and a refined development strategy. “This PEA is based on our latest Mineral Resource Estimate and reflects our new vision for developing the Perron […]
Silver47 Samples 44.5 g/t Gold, 3,037 g/t Silver & 8.56% Copper At Kennedy Project In Nevada
Silver47 Exploration (TSXV: AGA) has seen success from a sampling program conducted at their high grade Kennedy gold-silver project in Nevada. The under-explored project has reportedly demonstrated strong prospectivity for high grade mineralization of both gold and silver.
Santacruz Silver Makes Final Base Payment On Bolivian Assets To Glencore
Santacruz Silver Mining (TSXV: SCZ) has finally removed a substantial overhang from their cash flows. The company this morning announced that it has completed the accelerated payments that they were making to Glencore in connection with the purchase of their Bolivian assets. The completion follows the company making both the fourth and fifth payments under […]
Ontario Weighs Pulling Crown Royal from Liquor Stores After Plant Closure
Ontario officials say they’re considering removing Crown Royal whisky from provincial liquor stores after the brand’s parent company announced plans to shutter a bottling plant and eliminate 200 jobs. Premier Doug Ford dramatically dumped a bottle of Crown Royal at a Tuesday news conference, calling spirits giant Diageo “dumb as a bag of hammers” for […]