Global Human Development Progress Hits Record Low, UN Data Shows
The latest United Nations Human Development Index (HDI) report reveals a troubling global divide, with wealthy nations rebounding from pandemic setbacks while developing countries fall further behind. According to data released on May 6, 2025, the gap between the highest and lowest-ranked countries has expanded for four consecutive years. Achim Steiner of the United Nations […]
Is Trump Really Going to Tax the Rich?
Or to put it more accurately: bring back the rate that existed before his 2017 tax cuts.
OCC Lets Banks Hold Bitcoin—The System It Was Supposed to Replace
In what seems like an ironic turn of events, the US Office of the Comptroller of the Currency (OCC) recently issued an interpretative letter officially allowing national banks and federal savings associations to offer cryptocurrency custody and execution services. This updated letter confirms and expands the positions established in earlier OCC guidance, and explicitly permits […]
X Complies with India’s Order to Block Thousands of Pakistani Accounts
India has ordered social media platform X to block more than 8,000 accounts, a measure the company is implementing despite expressing concerns about its implications for free speech. The platform acknowledged Thursday it had begun restricting access to the specified accounts within India’s borders. In a public statement, X said complying with the directive was […]
Celsius Founder Sentenced to 12 Years for Fraud
Alex Mashinsky, founder and former CEO of crypto lending firm Celsius, has been sentenced to 12 years in prison for fraud that resulted in billions of dollars in customer losses, the Department of Justice said on Thursday. Mashinsky pleaded guilty last December to one count of securities fraud and one count of commodities fraud related […]
Lundin Gold Triples Net Income in Q1, Launches New Variable Dividend
Lundin Gold (TSX: LUG) reported its first quarter 2025 financials, with net income of $153.5 million—nearly tripling year-on-year from $41.9 million. This resulted from the company’s 57% jump in revenue to $356.3 million from $226.7 million in Q1 2024, powered by a steep rise in realized gold prices to $3,081 per ounce—up 44% from $2,141 […]
Franco-Nevada’s Record Revenue In Q1 2025 Overshadowed By Cash Flow Plunge
Franco-Nevada (TSX: FNV) reported its Q1 2025 results, with total revenue surging 43% YoY to $368.4 million, buoyed by elevated gold prices and new production streams. The financials reflect higher cost of sales, which rose 16% year-over-year to $106.9 million, including $68.4 million in depletion and depreciation. Other operating expenses nearly doubled to $8.0 million, […]
Wheaton Taps Inventory to Fuel Record Revenue in Q1 2025 as Production Lags
Wheaton Precious Metals (TSX: WPM) reported its financial results for the first quarter of 2025. Revenue soared 58.5% to $470.4 million from $296.8 million in Q1 2024. While sales volumes of gold and silver rose 21.0% and 10.2% respectively, palladium sales plummeted by 48.5% and cobalt sales declined 14.2%. Overall GEOs sold jumped 16.2% to […]
Aya Gold & Silver Reports Decline In Recoveries In April As Throughput Increases At Zgounder
Aya Gold & Silver (TSX: AYA) is eager to demonstrate the success of their expansion at the Zgounder Silver Mine in Morocco, announcing this morning production results for the month of April as they continue to scale production. The mining rate at the operation reportedly increased to 2,750 tonnes per day in April, as compared […]
Chevy’s Electric Work Truck Sets New Range Record
General Motors’ (NYSE: GM) 2025 Chevrolet Silverado EV Work Truck set a new benchmark for electric vehicle range, traveling 539 miles on a single charge during testing by automotive website Edmunds, surpassing its EPA estimate by 47 miles. Priced at $77,795, the Silverado Work Truck represents the entry-level variant in the Silverado EV lineup. It […]