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 […]
Shopify Shares Jump On Q2 2025 Revenue, Net Income Leaps
Shopify (TSX: SHOP) reported Q2 2025 revenue of $2.68 billion, a 31% leap from $2.05 billion a year earlier. Breaking it down, the rise is driven by a 36.6% surge in Merchant Solutions sales to $2.02 billion and a 16.6% jump in Subscription Solutions to $656 million. Yet the top-line acceleration came at the price […]
Mexico Nixes Separate Canada Pact, Still Bets on CUSMA
Mexican President Claudia Sheinbaum closed the door on a one-on-one trade agreement with Canada, telling reporters there is “no need” for a bilateral deal because the Canada-United States-Mexico Agreement already governs commerce between the two countries. “The framework to strengthen the Mexico-Canada relationship already exists,” she said, adding that any push to deepen ties would […]
Equinox To Sell Nevada Assets To Minera Alamos For US$115 Million
Equinox Gold (TSX: EQX) has entered into an arrangement to divest of assets in Nevada that were acquired in connection with the purchase of Calibre Mining. The company this morning announced an arrangement with Minera Alamos (TSXV: MAI), whereby they will sell two development projects along with a currently operating mine. The assets to be […]
Nova Scotia Bans Forest Access to Prevent Wildfires
Nova Scotia imposed sweeping restrictions on forest access Tuesday, banning hiking, camping and vehicle use in wooded areas across the province until mid-October as officials warn of extreme wildfire risk from prolonged dry conditions. The restrictions, which took effect at 4 p.m. Tuesday, apply to all forested land including provincial Crown land and private property, […]
Cardiol Therapeutics Releases Positive Topline Results From Phase II Clinical Trial
Cardiol Therapeutics (TSX: CRDL) (NYSE: CRDL) has released topline results from their phase two ARCHER trial targeting patients with acute myocarditis. The 12 week long study saw positive results for the two targeted primary endpoints, supporting the advancement of development of both CardiolRx™ and CRD-38 for the treatment of cardiomyopathies, heart failure and myocarditis.
Apple Announces $100B Manufacturing Investment As Trump Threatens Chip Tariffs
Apple (Nasdaq: AAPL) CEO Tim Cook joined President Donald Trump at the White House on Wednesday to announce the tech giant will invest an additional $100 billion in US manufacturing over the next four years, bringing the company’s total domestic commitment to $600 billion. The announcement comes as Trump threatened to impose 100% tariffs on […]
Pan American Silver Books Record Cash Flow In Q2 2025
Pan American Silver (TSX: PAAS) reversed last year’s red with record free cash flow as it reports Q2 2025 revenue jumping 18% YoY to $811.9 million from last year’s $686.3 million. Higher realized prices—silver up 17% to $32.91 per ounce and gold up 41% to $3,305 per ounce—did the heavy lifting on revenue. The surge […]
Royal Gold’s Record Revenue In Q2 2025 Shadows 36% Collapse On Free Cash Flow
Royal Gold (NASDAQ: RGLD) saw its Q2 2025 revenue jump 20% YoY to $209.6 million from Q2 2024’s $174.1 million on stronger gold and silver prices and higher output from Peñasquito and Manh Choh. Cost of sales was flat at $24.2 million, leading to operating income rising 39% to $141.8 million and net income surging […]