MEG Energy To Be Acquired By Cenovus At $7.9 Billion Valuation
MEG Energy (TSX: MEG) has officially become the focus of a bidding war. The company this morning indicated that it has entered into an agreement with Cenovus Energy (TSX: CVE) to be acquire in a deal valuing the company at $7.9 billion. The arrangement agreement follows Strathcona Resources (TSX: SCR) earlier this year making a […]
John Deere Announces Mass Layoffs as Trump Tariffs Hit Agricultural Equipment Industry
Agricultural equipment manufacturer John Deere (NYSE: DE) announced layoffs affecting more than 200 workers across three Midwestern facilities this week, citing customer uncertainty over President Donald Trump’s expanding tariff policies as a primary factor in declining sales. The Moline-based company will terminate 115 employees at its East Moline, Illinois facility later this month, followed by […]
FanDuel Meets CME As $1 Event Contracts Target Retail Traders
CME Group and Flutter Entertainment’s gaming platform FanDuel unveiled a joint plan to launch fully funded, event-based contracts that let US retail users take simple “yes/no” positions on equities, gold, oil, crypto, and key economic indicators for as little as $1, multiple times per day. The partners say the initial lineup will span benchmarks like […]
Federal Judge Approves Tesla Class Action Over Self-Driving Claims
Tesla (Nasdaq: TSLA) suffered dual setbacks in California this week as a federal judge allowed drivers to pursue a class-action lawsuit over self-driving promises while state regulators continued blocking the company’s robotaxi expansion plans. US District Judge Rita Lin ruled Tuesday that Tesla drivers can proceed with a certified class action alleging the electric vehicle […]
Canadian Embassy Hired Democratic Operative to Explain GOP Messaging
The Canadian Embassy in Washington paid a consulting firm led by a former top Democratic Party official $2,000 an hour to help diplomats understand American right-wing messaging, according to federal records obtained by Blacklock’s Reporter. The embassy contracted Signal Group, headed by Blake Androff, who previously served as executive director of the House Democratic Policy […]
Bankruptcy Cases Surge to Over 500,000, Highest Since 2010
US bankruptcy courts processed 542,529 cases during the year ending June 30, an 11.5% spike that reflects growing financial strain across the economy and represents a sharp reversal from recent lows, new federal data reveals. The sharp increase signals growing economic distress, as elevated borrowing costs, persistent inflation, and tightening credit force both businesses and […]
Elon Musk Shelves Third-Party Plans, May Back Vance in 2028
Tesla CEO Elon Musk is stepping back from plans to form a new political party, sources say, as he shifts focus to his business empire and seeks to avoid damaging relationships with influential Republicans. The Tesla and SpaceX CEO announced the “America Party” in July following a public dispute with President Donald Trump over Trump’s […]
US-EU Deal Locks Trillion-Dollar Energy, Chips, and Investment Flows To US
The US and the EU have announced a sweeping trade package that resets tariff baselines, commits the bloc to major US energy and chip purchases, and targets deeper investment and rules-of-origin coordination. The statement outlines near-term changes effective Sept. 1 and several measures contingent on legislation and future negotiations. Washington will impose a 15% tariff […]
Santacruz Silver Q2 2025: Net Income Surges Amid Output Decline
Santacruz Silver Mining (TSXV: SCZ) reported Q2 2025 revenue of $73.3 million, up 4% year-over-year from $70.5 million. Cost of sales fell 11% to $42.6 million, lifting gross profit 59% to $25.3 million. This leads the gross margin to expand to 34.5% from 22.5%. Average realized price per silver equivalent ounce sold improved 6% to […]
Meta Slams The Brakes On AI Hiring After Nine-Figure Salary Spree
Meta Platforms (NASDAQ: META) has frozen hiring across its artificial intelligence division after months of aggressive recruiting, according to the Wall Street Journal. The pause began last week, also blocking internal transfers inside the AI group unless approved by Chief AI Officer Alexandr Wang. A Meta spokesperson called the move “basic organizational planning” to build […]