New York Bets On First Big US Reactor Push in a Generation
New York Governor Kathy Hochul has ordered the New York Power Authority to develop at least 1 gigawatt of new nuclear power capacity, marking the first large US reactor project launched in more than 15 years and an early test of President Donald Trump’s push to fast-track federal permits. Hochul said the aim is to […]
Toronto New-Home Sales At “Rock Bottom”, Worst Level Since 1991 Crash
Greater Toronto Area builders endured another bruising month in May, selling just 345 new homes—64% fewer than a year earlier and fully 87% below the 10-year May norm of 2,749 units. The shortfall extends an unprecedented eight-month stretch of record-low sales, eclipsing the six-month trough of the 1990-91 housing crash. High-rise product bore the heaviest […]
EU Bows to Industry Pressure on Energy Costs for Manufacturers
Facing mounting pressure from European manufacturers, the European Union is set to reverse course Wednesday on strict competition rules that prevented governments from helping energy-intensive industries with soaring electricity bills. The about-face comes after months of lobbying from companies warning they cannot compete with US and Chinese rivals while paying premium energy costs without government […]
Powell Resists Trump Pressure for Aggressive Rate Cuts
Federal Reserve officials expect to cut interest rates just twice this year, down from earlier projections, as policymakers confront persistent inflation and uncertainty over the Trump administration’s trade policies. The central bank held its benchmark rate at 4.25% to 4.5% following its June meeting, with Chair Jerome Powell defending the cautious approach during congressional testimony […]
‘Flat-Out Wrong’: White House Denies Intelligence Findings on Iran Strikes
Trump administration officials on Tuesday strongly denied an early US intelligence assessment suggesting the military operations against Iran’s nuclear infrastructure achieved limited strategic impact, with the White House characterizing the leaked analysis as “flat-out wrong” and politically motivated. The administration’s response followed a CNN report describing a Defense Intelligence Agency evaluation that found the attacks […]
Alberta Oil Sands Production Set for Record High in 2025
Alberta’s oil sands sector will achieve record-breaking production levels in 2025, with new forecasts showing a 5% increase over the previous year’s output. S&P Global Commodity Insights forecasts daily output will average 3.5 million barrels this year, rising to nearly 4 million barrels daily within five years. The latest projections highlight continued expansion in Canada’s […]
Mexico Freezes New Mining Concessions
President Claudia Sheinbaum has confirmed that Mexico will issue no additional mining concessions and will instead subject existing permits to an environmental review—cementing the de-facto moratorium imposed by her predecessor, Andrés Manuel López Obrador. “There is not going to be another new concession—no, there are no new mining concessions,” Sheinbaum told reporters, adding that Environment […]
Bumble Shares Surge As Firm Swipes Left To 30% Of Its Workforce
Bumble (NASDAQ: BMBL) moved to shed roughly 240 jobs—about 30 percent of its global headcount—prompting a 16% market share surge, although the company’s stock still trades roughly 40% below year-ago levels. The dating app operator framed the cuts as “realigning the operating structure to optimize execution on strategic priorities,” and disclosed one-time severance and benefit […]
Ascot Resources Pushes Premier Gold Mine Back Into Care And Maintenance, Strategic Review Now Underway
Ascot Resources (TSX: AOT) appears to have hit the end of the line, despite hopes for a full mine restart. The company this morning indicated that it has returned its Premier Gold Project to care on maintenance. The placing of Premier into care and maintenance follows Ascot being unable to successfully negotiate a mining cost […]
Goliath Resources Expands 2025 Drill Program To 60,000 Metres
Goliath Resources (TSXV: GOT) has substantially increased the size of the 2025 exploration program at their flagship Golddigger property in the Golden Triangle of British Columbia.