Did Carlos Slim Just Tell Elon Musk to F Off?
Mexican billionaire Carlos Slim may have severed ties with Elon Musk’s Starlink, his company América Móvil reportedly announced, opting to invest $22 billion in its own telecommunications infrastructure over the next three years. Slim’s decision to cancel collaborations with Starlink across Latin America came after Musk retweeted a post that implied Slim had connections to […]
The Cranberries’ Company Sues Island Records Over Millions in Unpaid Royalties
The company representing Irish rock band The Cranberries has filed a lawsuit against Island Records, claiming the record label withheld millions in streaming royalties through questionable accounting practices. Curtain Call Limited, the Irish corporation formed in 1989 as a loan out corporation to provide the recording services of The Cranberries, filed the complaint in the […]
Trump Revokes Chevron’s Venezuela License, Triggering Oil Price Surge
President Donald Trump ordered the termination of Chevron‘s (NYSE: CVX) license to operate in Venezuela on Wednesday, accusing President Nicolas Maduro of failing to implement electoral reforms and reneging on agreements to accept deported Venezuelan migrants. Brent crude futures rose to $73.39 a barrel on Thursday, while US West Texas Intermediate crude climbed to $69.40, […]
First Majestic Silver Q4 Earnings: Record Free Cash Flow
The current precious metals price environment is having a massive impact on the earnings of producers this week. And one of the top names in silver is no exception to this.
Equinox Acquires Calibre Mining At A Discount
Another merger has been announced within the gold mining space, and well.. Investors are quite unhappy. Calibre Mining (TSX: CXB) is set to be taken out by Equinox Gold (TSX: EQX). But not for a premium. In fact it’s not even at market. It was at a slight discount to the closing price of Calibre […]
Newmont Q4 Earnings: Insane Free Cash Flow
When it comes to the gold mining sector, there’s a few different tiers of producers. First, you’ve got your small scale guys, doing under 100,000 ounces a year. Then you’ve got your small producers, that are sub about 300,000 in annual production. Next comes mid-tiers at a range of 300,000 to 1 million ounces, which […]
How’s Florida Supposed To Pay for Public Services If They Axe Property Taxes?
Florida Governor Ron DeSantis’s push to eliminate property taxes would require the state to find replacement revenue of approximately $43 billion or about $2,015 per capita to maintain current public services, according to a report by the Florida Policy Institute. The report, titled “A Risky Proposition: Weakening Local Governments by Eliminating Property Tax Revenue,” warns […]
Congo Halts Cobalt Exports as Prices Hit 21-Year Low
The Democratic Republic of Congo suspended all cobalt exports for four months on Saturday, taking drastic action to stabilize plummeting prices in a market flooded by Chinese production. The export ban, affecting the source of three-quarters of the world’s cobalt for electric vehicle batteries, took effect as prices fell below $10 a pound – a […]
Elon Musk Sends His Starlink To Fix FAA After Trump’s Massive Layoffs
Elon Musk has offered his SpaceX Starlink satellite internet technology to the Federal Aviation Administration, claiming that the agency’s legacy systems are on the verge of catastrophic failure. “The Verizon communication system to air traffic control is breaking down very rapidly,” Musk said on his social media platform, X, though he later revised his statement […]
Trump Pushes Surge in Canadian Liberal Support, Polls Show
US President Donald Trump has pushed a surge in support for Canada’s Liberal Party, helping narrow the gap with the leading Conservatives as voters express growing alarm over US-Canada relations, according to two polls released this week. The latest Nanos Research survey shows Liberal support jumping to 33.3%, just 3.6 percentage points behind the Conservatives […]