Paramount Pays Trump $16 Million to Settle ’60 Minutes’ Lawsuit
Paramount Global (NASDAQ: PARA) announced Tuesday it will pay $16 million to resolve President Donald Trump’s legal challenge over a “60 Minutes” interview with Kamala Harris that aired weeks before the 2024 presidential election. The settlement resolves Trump’s claims that CBS deceptively edited the October interview with his Democratic opponent to make her appear more […]
US Housing Finance Chief Calls for Powell Investigation, Trump Wants Him to Resign
The head of the Federal Housing Finance Agency called Wednesday for Congress to investigate Federal Reserve Chair Jerome Powell, accusing him of providing “deceptive” testimony about the central bank’s headquarters renovation costs, a demand that President Donald Trump quickly amplified on social media. FHFA Director Bill Pulte, who oversees mortgage giants Fannie Mae and Freddie […]
Microsoft Trims Workforce by 9,000 Amid $80 billion AI Push
Microsoft (Nasdaq: MSFT) announced Wednesday it will lay off about 9,000 employees, roughly 4% of its global workforce, marking the company’s largest job cuts since eliminating 10,000 positions in 2023. This batch of layoffs is Microsoft’s third major workforce reduction this year, following cuts of 6,000 jobs in May and 305 positions in June. The […]
EU Lawmakers Streamline Carbon Border Tax, Exempt 90% of Importing Companies
European Union lawmakers voted overwhelmingly to simplify the bloc’s carbon border tax rules, exempting 90% of importing companies from administrative requirements while maintaining the tax’s environmental impact, as the EU prepares to expand carbon pricing to transport and heating fuels. The European Parliament approved the changes 564-20 in May, targeting the Carbon Border Adjustment Mechanism […]
Major Aluminum Investment Signals Confidence Despite US-Canada Trade Dispute
A Rio Tinto-backed aluminum company will commit $1.1 billion toward facility modernization in Quebec as Canada’s aluminum sector navigates escalating trade tensions with the United States. Aluminerie Alouette announced plans to upgrade its Sept-Îles smelter after securing a new electricity agreement with Hydro-Quebec. The announcement comes as President Donald Trump doubled import duties on Canadian […]
Antimony Resources Drills 4.17% Antimony Over 7.4 Metres At Bald Hill
Antimony Resources (CSE: ATMY) yesterday released assay results from ongoing drilling that consist of some of the highest known antimony grades.
Marimaca Copper Pauses PEA For Pampa Medina After New Discovery
Marimaca Copper (TSX: MARI) has paused an ongoing preliminary economic assessment for their Pampa Medina project after receiving recent drill assays that are said to have materially extended the deposit in all directions. Recent drilling targeted extensions of the known shallow oxide-chalcocite at Pampa, but instead hit ultra high grade bornite-chalcopyrite, disseminated chalcopyrite, and high […]
Chile Approves Legislation to Slash Mining Permit Times by Up to 70%
Chilean lawmakers passed the Framework Law for Sectoral Authorizations on Tuesday, aimed at cutting permitting times for mining and energy projects by 30% to 70%, responding to industry demands for faster approval processes in the world’s largest copper-producing country. The legislation, known as LMAS (Ley Marco de Autorizaciones Sectoriales), passed with 93 votes in favor, […]
Gold Won’t Get Banking Upgrade in July, Industry Says
Claims that gold will be upgraded to a high-quality banking asset this July are false, the London Bullion Market Association said, debunking widespread online reports about changes to Basel III banking rules. The LBMA said inaccurate reports falsely claim gold will be reclassified as a “High Quality Liquid Asset” under Basel III banking regulations starting […]
Energy Giant Vitol Partners With Breakwall On Americas Mining Fund
Vitol Group is leveraging nearly $45 billion in recent profits to transform from the world’s largest oil trader into a diversified commodity empire, with its latest move targeting the mining sector. The Geneva-based company announced a partnership with Breakwall Capital to launch Valor Mining Credit Partners LP, a fund providing financing to mining companies across […]