Moody’s Cuts US Rating Down as Deficits, Interest Costs Soar
Moody’s has downgraded the US sovereign credit rating from AAA to AA1, marking the first reduction since it began formally assessing US bonds in 1993. The agency cited widening deficits, rising interest payments, and political paralysis as primary drivers, projecting federal debt to hit 134% of GDP and deficit-to-GDP of 9% by 2035. The move […]
Drugmaker Regeneron Acquires 23andMe for $256M
Regeneron Pharmaceuticals (NASDAQ: REGN) will acquire bankrupt genetic-testing firm 23andMe in a court-approved auction for $256 million, the companies announced on Monday. The all-cash deal, expected to close in Q3, positions Regeneron to control a trove of genomic data from 15 million customers who purchased 23andMe’s saliva-based DNA kits. Regeneron has pledged to honor 23andMe’s […]
Trump To Walmart: “Eat The Tariffs”
President Donald Trump targeted Walmart (NYSE: WMT) in a social media post on Saturday, stating: “Walmart should STOP trying to blame Tariffs as the reason for raising prices… they should, as is said, ‘EAT THE TARIFFS,’ and not charge valued customers ANYTHING.” This comes after the retail giant warned this past week of “unprecedented” price […]
Nissan Responds to Reports of Plant Closures in South Africa, India, Argentina
Media reports have suggested Nissan Motor Co. plans to close manufacturing facilities in South Africa, India, and Argentina while consolidating operations in Mexico. The headlines were enough for the company to issue a statement in response, calling these reports “speculative.” In an official statement released May 16, Nissan said: “Regarding the recent reports on the […]
Sandstorm Gold Q1 2025 Earnings: Record Revenue Despite Challenges
We’ve got the first set of earnings now from a royalty name, and as we’ve said in the past, it’s a tough business to be in. But the rising price of gold is making that business a bit easier, at least on the surface, because it allows operators to mask declining production. And that’s exactly […]
I-80 Gold Q1 Earnings: The Struggle Continues
It seems that every quarter we have this same discussion, yet here we are again. The bad has gotten worse. Sentiment continues to fall. And still here we sit, seemingly beating a dead horse that just well.. Investors love to flock to in hopes of making a fortune when the turn around finally comes. You […]
EV Nickel: The Billion Dollar Carlang A PEA
Canada Nickel isn’t the only junior in the Timmins region with a billion-dollar plus net present value any more. Another explorer has entered the fray in an attempt to bolster Canada’s production of nickel. And while they may not have the backing of Agnico Eagle or Samsung like Canada Nickel, they bill themselves as a […]
Canadian Regulators Expand LIFE Offering To Drive Investment
The Canadian Securities Administrators announced amendments to the Listed Issuer Financing Exemption, increasing the maximum capital that public companies can raise annually without a prospectus from $10 million to $50 million. The changes, formalized through coordinated blanket orders across Canadian jurisdictions, take effect May 15, 2025. Listed issuers may now raise the greater between $25 million or […]
What Does Canada’s $2 Billion Bailout Bet on Auto Jobs Spell
Canada’s new Industry Minister Melanie Joly announced a $2 billion support package Tuesday for auto and steel workers, framing the move as urgent protection against economic fallout from an escalating trade dispute with the US. “This trade war is an economic threat against our country, and we will fight for your jobs,” Joly said in […]
Carney Shifts Pipeline Stance Again, Now Says ‘Yes’ To Consensus
Prime Minister Mark Carney’s conditional support for new oil pipelines has reignited debates over Canada’s balancing act between economic priorities and climate commitments as global trade tensions intensify. In an interview, Carney affirmed his willingness to back pipeline projects if national consensus emerges, marking a notable shift from his earlier ambiguity. “First off, I’ve said […]