Trump Mulls Automotive Sector Relief from Certain Tariffs
The White House has signaled that President Donald Trump is open to providing the automotive sector with relief from specific tariffs, following weeks of industry pressure. Multiple administration officials confirmed to CNBC on Wednesday that exemptions are under consideration that would shield car manufacturers from portions of Trump’s broader trade measures. The potential relief would […]
Bessent Backpedals on China Tariff Cuts as Trump Strategy Falters
Treasury Secretary Scott Bessent has once again tempered expectations on the future of US-China trade relations, signaling no imminent tariff relief from the Trump administration despite growing economic fallout and earlier hints of softening. “There will be no unilateral reduction in tariffs against China,” Bessent declared during remarks to reporters in Washington, aligning with White […]
First Quantum Q1 2025 Net Cash Flow Drops By $440M As Net Loss Hits $23M
First Quantum Minerals (TSX: FM) posted its Q1 2025 financials with topline revenue dropping down to $1.19 billion, down 5% from $1.26 billion in Q4 2024. Gross profit declined to $331 million, falling by $74 million. The company also reported a net loss of $23 million in Q1 2025, a steep reversal from the $99 […]
Newmont Sees Q1 2025 Net Income Surge Tenfold, Thanks To Soaring Gold Prices
Newmont (TSX: NGT) has reported its financials for the first quarter of 2025, with total revenue reaching $5.01 billion, a 25% increase from $4.02 billion in Q1 2024, and a slight decline from $5.65 billion in the prior quarter. The increase was almost entirely price-driven, as gold’s average realized price soared to $2,944 per ounce, […]
Sierra Metals Finally Agrees To Takeover By Alpayana At $1.15 Per Share
Sierra Metals (TSX: SMT) has finally given up in its fight against a hostile takeover by Alpayana S.A.C. The company has reached an agreement with the private miner following a slightly increased take-over bid. The revised takeover bid has seen the offer to Sierra Metals shareholders increased from $1.11 per share to $1.15 per share, […]
Calibre Mining Sees Equinox Gold Lightly Sweeten Acquisition Terms Over Lack Of Support
The acquisition of Calibre Mining (TSX: CXB) by Equinox Gold (TSX: EQX) is evidently facing headwinds. The transaction, which was to be approved today by shareholders at a special meeting, has seen the terms reworked and the meeting delayed by a week, suggesting the two parties didn’t have enough votes for the transaction to proceed. […]
WeightWatchers Prepares For Bankruptcy Protection As It Loses Ground to Ozempic
WeightWatchers International Inc. is preparing to file for bankruptcy within weeks after securing a debt-restructuring agreement with most of its lenders, sources familiar with the matter said. The company, struggling under approximately $1.5 billion of debt, intends to use a pre-packaged bankruptcy filing that would allow for a quick exit from Chapter 11 while maintaining […]
China Plans to Expand Shanghai Gold Exchange Internationally
China’s central bank and three other government departments have unveiled an ambitious plan to enhance Shanghai’s role in global finance, according to a report from Jinshi Data on April 21. The People’s Bank of China, along with its partner agencies, released the “Action Plan for Further Enhancing Cross-border Financial Service Facilitation in the Shanghai International […]
OpenAI Would Consider Chrome Purchase If Google Forced To Sell
OpenAI would pursue acquiring Google‘s Chrome browser if a court mandates its divestiture as part of antitrust remedies, ChatGPT chief Nick Turley said during testimony on Tuesday. “Yes, we would, as would many other parties,” Turley told the court when questioned about potential interest in purchasing Chrome. Turley appeared as a witness in a Justice […]
Putin Signals Possible Freeze of Ukraine Conflict, FT reports
Russian President Vladimir Putin has indicated willingness to consider freezing military operations along current front lines in Ukraine, the Financial Times reported on Tuesday, citing sources familiar with diplomatic negotiations. The potential shift in Russia’s stance emerged during talks with US Special Envoy Steve Witkoff in St. Petersburg, according to the newspaper. When asked about […]