Musk Reports $150B In Savings, Dwarfed From Promised $1 Trillion DOGE Cut
Elon Musk’s latest projection of savings linked to his much-touted DOGE initiative has fallen drastically short of his earlier claims. After repeatedly suggesting that the program would generate between one and two trillion dollars in cost reductions, Musk now says he anticipates only about $150 billion in savings by the 2026 fiscal year. Reuters correspondent […]
US Showdown With China Now Stands With Trump Wanting To “Go Back To Where We Were”
The White House announced a steep increase in tariffs on Chinese imports, bringing the total to 145%. This escalation comes after President Donald Trump’s latest executive order, which raised duties from 84% to 125%, combined with an earlier 20% levy tied to fentanyl-related concerns. Despite the president’s claim that he remains open to reaching a […]
‘Time to Ban Insider Trading’: AOC Reacts to Market Spike, Trump Brags About His Insiders Making Millions
Representative Alexandria Ocasio-Cortez urged colleagues to immediately disclose recent stock purchases following dramatic market surges triggered by President Donald Trump’s tariff reduction announcement. “Any member of Congress who purchased stocks in the last 48 hours should probably disclose that now,” Ocasio-Cortez wrote late Wednesday in a social media post, referring to market volatility caused by […]
Tesla Turmoil: Top Controller Jumps Ship Amid Mounting Regulatory Heat
Tesla (NASDAQ: TSLA) is confronting a series of escalating challenges, including the sudden departure of its top accounting controller and new concerns about potential conflicts of interest at the federal agency regulating its self-driving technology. The company’s director of accounting controllership, Harsh Rungta, has left the company shortly before the release of the automaker’s first-quarter […]
Ford’s Strategist Teneycke Calls Poilievre Campaign ‘Delusional’
A prominent Conservative Party strategist is publicly criticizing his own party’s election campaign, suggesting leader Pierre Poilievre has mismanaged what was once a commanding lead in the polls. Kory Teneycke, who successfully managed three winning campaigns for Ontario Premier Doug Ford and previously served as communications director for former Prime Minister Stephen Harper, described the […]
BRICS Push For Own Metals Exchange Threatens Dollar Supremacy
The BRICS alliance has announced plans to establish a new precious metals exchange designed to rival existing Western-based pricing systems. Observers note that the US has threatened 100% tariffs in response, highlighting the tension between Washington and the member states of the bloc. Following a collective declaration at a recent summit, Russian Finance Minister Anton […]
As Trump Hikes China Tariffs To 145%, O’Leary Calls For…400%
“Shark Tank” investor Kevin O’Leary called for more — way more — punitive trade measures against China on Wednesday, advocating for tariffs four times higher than President Donald Trump’s already steep 125% increase. “My plan? 400% TARIFFS on Chinese imports. PERIOD,” O’Leary declared on X, dismissing Trump’s significant tariff hike as insufficient despite warnings from […]
Corus Entertainment Takes 67% Profit Hit As Revenue Falls 10% In Fiscal Q2 2025
Corus Entertainment (TSX: CJR.B) revealed a steep drop in its fiscal 2025 second-quarter performance, with consolidated segment profit plummeting 67% from the same quarter last year, settling at $17.5 million compared to $52.7 million previously. The company’s overall revenue also fell 10% year-over-year, coming in at $270.4 million for the quarter, compared to $299.5 million […]
Sprott Physical Gold Trust To Raise Up To $1.0 Billion To Buy More Gold
The Sprott Physical Gold Trust (TSX: PHYS) is looking to buy more gold. The entity this morning announced that it has updated its current at-the-market program to issue up to US$1.0 billion of units in the trust. Proceeds from those issuances would then in turn be used to acquire further physical gold. Sales of the […]
Mako Mining Posts 2024 Adjusted EBITDA Of $42.2 Million
Mako Mining (TSXV: MKO) has reported its fourth quarter and full year 2024 financial results, headlined by record gold sales of $28.9 million in the fourth quarter, and $92.1 million for the full fiscal year. The record revenue figure in the fourth quarter follows Mako selling 10,888 ounces of gold at an average realized price […]