FCC Commissioner Condemns Paramount-Skydance Merger as ‘Dark Moment’ for Press Freedom
The lone Democratic member of the Federal Communications Commission issued a scathing rebuke Thursday as the $8 billion Paramount-Skydance merger officially closed, calling the deal “a dark moment in our nation’s history” that compromises journalistic independence. Commissioner Anna M. Gomez condemned what she termed “cowardly capitulation” by Paramount Global, which agreed to a $16 million […]
Sandstorm Gold Profit Jump Masks Production Drop In Q2 2025
Sandstorm Gold Royalties (TSX: SSL) saw its Q2 2025 revenue climb 24% to $51.4 million versus $41.4 million a year earlier, even as attributable gold equivalent ounces slid 13% to 15,098 from 17,414. Net income also rose 61% to $16.9 million from Q2 2024’s $10.5 million, reflecting both the price tailwind and “record cash operating […]
B2Gold Profit Rebounds In Q2 2025 But AISC Spikes
B2Gold (TSX: BTO) posted gold revenue of $692.2 million in Q2 2025, a 41% jump from $492.6 million a year ago, as the average realized price leapt 40% to $3,290 per ounce. Total cost of sales rose a slower 22% to $340.8 million, allowing gross profit to expand 65% to $351.4 million. Operating income ballooned […]
Barrick Sells Off Alturas Project For $50 Million In Cash
Barrick Mining (TSX: ABX) has disposed of a non-core exploration asset that it has been developing since at least 2016. The firm has agreed to sell the Alturas project to a subsidiary of Boroo Pte Ltd. The Alturas project, found in Chile, is a greenfield discovery that was first announced in 2015, with the project […]
Canada Loses 41,000 Jobs In July While Unemployment Rate Remains At 6.9%
Canada’s labour market lost momentum in July, with national employment falling by 41,000, or 0.2 percent, marking a partial reversal after strong gains in June. The employment rate declined 0.2 percentage points to 60.7 percent, while the unemployment rate held steady at 6.9 percent. The setback was concentrated among youth aged 15 to 24, who […]
IAMGOLD Cash Flow Craters 46% In Q2 2025 Despite 51% Revenue Jump
IAMGOLD (TSX: IMG) posted its Q2 2025 results, with revenue jumping 51% to $580.9 million from $385.3 million a year ago. Cost of sales jumped 63% to $382.1 million, squeezing gross margin to 34.2% from 39.1% a year earlier. Operating income climbed 39% to $177.6 million, but higher interest expense and a doubling of income-tax […]
Constitution Sections Restored to Government Website After ‘Coding Error’
Key sections of the US Constitution that had disappeared from the government’s official website were restored Wednesday after the Library of Congress attributed their removal to a “coding error.” Article I, Sections 9 and 10, along with portions of Section 8, had been missing from the Constitution Annotated website operated by the Library of Congress. […]
Trump Doubles India Tariffs To 50%, But Exemption May Actually Include Russian Oil
President Donald Trump pushed through with his earlier threat and signed an executive order slapping an extra 25% ad-valorem duty on all Indian imports, sending the effective levy to 50% once the measure takes effect after a 21-day grace period. Goods already en route before August 27 escape the hike, but everything else—from textiles to […]
Congress Considers Bitcoin Reserve Funded By Gold Revaluation
Congressional Republicans have introduced legislation that would establish a Strategic Bitcoin Reserve by revaluing decades-old gold certificates held by the Federal Reserve, potentially unlocking billions in unrealized government assets to fund cryptocurrency purchases. The BITCOIN Act of 2025, introduced by Sen. Cynthia Lummis of Wyoming and Rep. Nick Begich of Alaska, would require the Federal […]
Claire’s Files for Bankruptcy for Second Time in Seven Years
Accessories retailer Claire’s Holdings LLC filed for Chapter 11 bankruptcy protection Wednesday, marking the second time in seven years the struggling chain has sought court protection as it battles mounting debt and fierce competition. The company, known for its jewelry and ear-piercing services targeting tweens and teens, also filed for creditor protection in Canada. Claire’s […]