Users’ Reach on X Dropped After Criticizing Musk, NYT Reports
Three far-right commentators on X experienced significant drops in audience reach after criticizing platform owner Elon Musk, the New York Times reported on Wednesday, citing data analysis of the accounts. The users — Anastasia Maria Loupis, Laura Loomer, and Owen Shroyer — saw their visibility plummet after they criticized Musk in December over his support […]
Argentex Seeks Emergency Funding as Trump Tariffs Trigger Liquidity Crisis
Currency management firm Argentex Group Plc (LON: AGFX) is seeking an emergency loan or potential sale after experiencing a severe liquidity crisis triggered by margin calls following US President Donald Trump’s recent tariff announcements. The London-listed company, which had a market value of £52 million ($69 million) before trading in its shares was suspended on […]
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 […]