Unifor Says More Cuts Coming To General Motors’ Canadian Operations
General Motors (NYSE: GM) is reportedly cutting production at its Oshawa Assembly Plant, as per a statement put out by Unifor this morning condemning the action. The plant is reportedly scheduled to be reduced from a three shift to a two shift operation this fall, with the company blaming US President Donald Trump’s tariffs as […]
Stellantis to Shift Some Production to US Amid Trump Tariff Concerns
Automaker Stellantis NV (NYSE: STLA) will relocate some of its manufacturing from Mexico to the United States as part of a strategy to mitigate the impact of tariffs recently imposed by the Trump administration, the company announced on Wednesday. During an analyst conference call, Chief Financial Officer Doug Ostermann revealed plans to transfer certain pickup […]
Apple Found in Contempt, Epic Scores Landmark Victory
In a resounding legal defeat for Apple (NASDAQ: AAPL), a US federal court has found the tech giant in civil contempt for willfully violating a 2021 injunction meant to curb its anticompetitive conduct within the App Store. The ruling—issued by Judge Yvonne Gonzalez Rogers of the Northern District of California—effectively dismantles Apple’s control over external […]
Japan’s Kato Says US Debt Holdings Give Tokyo Potential Leverage
Japan has signaled it could leverage its position as the largest foreign holder of US government debt in ongoing trade negotiations with Washington, a rare acknowledgment that has caught market analysts’ attention. In unusually direct comments for a Japanese official, Finance Minister Katsunobu Kato told a TV Tokyo program on Friday that Japan’s massive Treasury […]
Reddit Reverses With A Net Income In Q1 2025 Due To Improving Revenue
Reddit (NYSE: RDDT) reported its first full first-quarter results since going public in March 2024, posting quarterly revenue of $392.4 million in Q1 2025, up 61% from $243.0 million a year earlier. Ad revenue accounted for $358.6 million (+61% YoY), while other revenue grew 66% to $33.7 million. US market contribution rose 57% to $313.9 […]
Eldorado Gold’s Revenue Upswing In Q1 2025 Can’t Mask Surge In Costs
Eldorado Gold (TSX: ELD) posted its Q1 2025 financials, generating $355.2 million in revenue in Q1 2025, up from $258.0 million in Q1 2024, buoyed by an average realized gold price of $2,933 per ounce—up 41% year-over-year. The upswing comes despite gold sales being relatively flat at 116,263 ounces versus 116,008 ounces in the prior […]
Equinox Gold And Calibre Mining Secure Shareholder Approval For Merger
The proposed merger between Equinox Gold (TSX: EQX) and Calibre Mining (TSX: CXB) appears to be proceeding, with the two equities last night announcing they had secured shareholder approval to move forward with the transaction. The approval follows the transaction being reworked in favor of Calibre shareholders, after the special meeting of shareholders was delayed […]
Artemis Gold Hits Commercial Production At Blackwater, Releases 2025 Guidance
Artemis Gold (TSXV: ARTG) has officially hit commercial production at their new Blackwater mine in British Columbia. The designation is said to follow the crushing circuit processing on average 17,700 tonnes of material over the last 30 days, while the milling circuit has processed on average 15,300 tonnes of ore per day over the same […]
Trump Removes Waltz as National Security Adviser, Names Him for UN Post
US President Donald Trump removed Mike Waltz as national security adviser on Thursday and said he would nominate him to be ambassador to the United Nations. Multiple sources cited Waltz’s handling of a Signal messaging app incident and perceived management issues as factors in the decision. In March, Waltz acknowledged mistakenly adding a journalist to […]
Blanchet Says ‘No Future’ for Oil and Gas Despite Province Receiving Billions in Equalization
Bloc Québécois leader Yves-François Blanchet said there is “no future for oil and gas” in Quebec and “probably everywhere,” two days after his party lost seats in Monday’s Canadian federal election. Quebec received $13.6 billion in equalization payments from the federal government in the 2024-25 fiscal year, with Alberta’s energy sector being a major contributor. […]