US Consumers Face Higher Prices as Temu Stops China Shipments
Chinese e-commerce giant Temu has stopped shipping products directly from China to US consumers after the Trump administration eliminated a key trade loophole, the company confirmed on Friday. The company halted its China-direct shipping model following the end of the “de minimis” exemption, which previously allowed packages valued under $800 to enter the US without […]
Spain Requires Reporting on Cash Withdrawals Over €3,000, Fines Up to €150,000
Spanish authorities now require bank customers to report cash withdrawals exceeding €3,000 in advance, with fines ranging from €600 to €150,000 for non-compliance, under new measures aimed at combating financial crime. The regulations mandate at least 72 hours’ notice for withdrawals of €100,000 or more, and 24 hours for smaller amounts above €3,000, according to […]
Centerra Gold’s Q1 2025 Marred By Earnings Drop, Free Cash Burn, And Output Decline
Centerra Gold (TSX: CG) reported Q1 2025 earnings where, despite beating analyst expectations on adjusted EPS and revenue, both figures declined from the prior year. Revenue declined 2% YoY to $299.5 million from $305.8 million in Q1 2024 and dropped nearly 10% from $331.0 million in Q4 2024, reflecting the sharp fall in gold and […]
$30,000 GOLD: How Trump’s Policies Could Trigger The Next Price Explosion | Simon Marcotte
In this interview, Simon Marcotte, CEO of Northern Superior Resources (TSXV: SUP), presents a bold perspective on the gold market, predicting potential gold prices reaching $30,000 per ounce. Marcotte explores how Trump’s economic policies aimed at re-manufacturing America could create negative real rates, potentially driving a massive capital flow into gold. The interview delves into […]
Apple Testing AI Search Tools for Safari, Executive Tells Antitrust Trial
Apple‘s (Nasdaq: AAPL) senior services executive testified on Wednesday that the company is considering multiple AI-powered alternatives for Safari web searches, potentially threatening the multibillion-dollar arrangement that has long made Google the browser’s default search provider. Eddy Cue, speaking during a federal antitrust trial against Google parent Alphabet Inc. (Nasdaq: GOOG), told the court that […]
Western Australia Backs Critical Minerals Trading Hub
Western Australia’s government is collaborating with two universities to develop a Perth-based trading hub for critical minerals, addressing market transparency concerns and aiming to boost local producers’ revenues. The research project, known as Perth Critical Minerals Exchange (PCMX), has secured A$2 million in funding, with the state’s Minerals Research Institute contributing A$500,000. The West Australian […]
Ontario Begins Construction of First G7 Small Modular Reactor
The Ontario government has approved Ontario Power Generation‘s plan to begin construction on the first small modular reactor at the Darlington nuclear site, marking a significant milestone for nuclear energy development within the G7 nations. The project will see four SMRs built at the Darlington site, with the first unit expected to generate 1,200 megawatts […]
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 […]