Pentagon Takes 15% Stake In Rare Earth Producer MP Materials, Becomes Largest Shareholder
MP Materials (NYSE: MP) has struck a multibillion-dollar alliance with the US Department of Defense that rewires the nation’s rare earth magnet supply and elevates the Pentagon to its largest shareholder. The pact gives the military $400 million in convertible preferred stock—plus attached warrants—equal to a 15% fully diluted stake once exercised. At the center […]
Chevron Implements Texas Layoffs as Part of Global Workforce Reduction
Chevron Corp. (NYSE: CVX) plans to lay off approximately 200 employees in Texas on July 15 as part of a sweeping global restructuring plan that will eliminate up to 20% of its workforce by 2026. The scheduled Midland-area layoffs will target three locations in the heart of Chevron’s Permian Basin operations. The cuts represent the […]
Elon Musk Lost Top Execs In X, Tesla In A Week
Elon Musk saw a rapid thinning of his executive bench this week as four high-profile lieutenants departed across three of his flagship companies—social media platform X, artificial intelligence startup xAI, and automaker Tesla. Linda Yaccarino set the tone Tuesday, announcing: “After two incredible years, I’ve decided to step down as CEO of X,” adding that […]
Halifax Face 17% Rent Shock Even as CMHC-Backed Supply Floods Market
A new mid-year update from Canada Mortgage and Housing Corporation shows average rents for occupied two-bedroom units in Halifax jumped 17.1% year-over-year in Q1 2025—the steepest increase among the country’s seven largest urban centres. The surge came even as advertised rents for vacant apartments in the city fell 4.2% over the same period. “Since October […]
Trump Hits Surplus Partner Brazil With 50% Tariffs For “Witch Hunt” On Bolsonaro
President Donald Trump has raised the stakes of his self-styled reciprocal trade war by mailing Brazil a letter imposing a 50% tariff on all goods entering the US after 1 August. “This Trial should not be taking place. It is a Witch Hunt that should end IMMEDIATELY!” the letter declares, linking the duty to Brazil’s […]
YouTube Takes Aim at AI Content with New Monetization Crackdown
YouTube will block revenue for creators of artificial intelligence-generated and mass-produced videos starting July 15, targeting what the company calls “inauthentic” content. The policy targets automated material flooding the platform, including music channels using AI that have attracted millions of followers, automated news video, and AI-generated true crime series. YouTube will revise its partner program […]
Trump’s Mailbox Diplomacy Issues Fresh Tariff Letters Up to 70% Duties Worldwide
President Donald Trump has abandoned traditional bargaining in favor of a two-pager ultimatum, sending more of his tariff letters to more countries. “A letter means a deal,” he told reporters, adding that some of the documents dispatched this week carry tariff rates “at 60%, 70%—maybe higher.” Treasury Secretary Scott Bessent confirmed the administration’s unilateral posture, […]
Rogers Employee Says Company Used Workers to Train AI Replacements
A former Rogers Communications (TSX: RCI.B) employee claims the Canadian telecommunications company forced workers to train artificial intelligence systems that would later replace them, according to allegations posted on social media. The employee, writing on Reddit, said Rogers laid off more than 1,000 customer service agents while instructing staff not to speak with the media […]
Mergers Set the Stage for Uranium’s Growth Cycle | Forum-Baselode Merger
In this interview, Timothy Sykes, CEO and Director of Baselode Energy (TSXV: FIND), and Rebecca Hunter, President, CEO, and Director of Forum Energy Metals (TSXV: FMC), discuss their recent merger of equals transaction and the formation of the combined entity, Geiger Energy. The conversation covers the terms of the merger agreement, integration planning, and the […]
Berlin Blasts ‘Unacceptable’ Chinese Laser Strike on Red Sea Patrol Plane
Berlin has summoned China’s ambassador after a Chinese frigate aimed a laser at a German multi-sensor surveillance plane assigned to the EU’s Aspides mission, calling the act “completely unacceptable.”  The unarmed aircraft—nicknamed a “flying eye” for its broad maritime-watch capabilities—was conducting a routine patrol earlier this month when the frigate engaged it “without reason […]