Enbridge Forecasts Surge in Canadian Crude Re-Exports Via Gulf Coast
Enbridge (TSX: ENB), a leading Canadian pipeline operator, projects a sharp rise in re-exports of Canadian heavy crude from U.S. Gulf Coast terminals over the next decade, driven by a wave of pipeline expansions set to boost capacity. Colin Gruending, president of liquids pipelines at Enbridge, highlighted that between 200,000 and 400,000 barrels per day […]
i-80 Gold Completes Massive $1 Billion Financing Plan
i-80 Gold (TSX: IAU) has cleared its final major hurdle in a massive capital restructuring, closing a $250 million gold prepayment facility that secures the company’s path toward becoming a mid-tier producer. The financing, arranged with National Bank of Canada and Macquarie Bank, provides an immediate $150 million cash injection. An additional $100 million accordion […]
Someone Bought $1.5 Billion in Futures Before Trump’s Iran Post
At 6:50 AM ET Monday, the futures market was quiet. Then $1.5 billion in S&P 500 contracts changed hands in a single move, while $192 million in oil futures went the other direction. The person who placed those trades had 14 minutes to wait before President Donald Trump told the world why they were right. […]
Valero Refinery Explosion in Port Arthur Triggers Shelter-in-Place Order for Residents
A powerful explosion rocked the Valero refinery in Port Arthur, Texas, on Monday evening, sending a towering pillar of smoke into the sky and prompting local authorities to issue a shelter-in-place order for west side residents. Reports of a deafening boom that rattled car windows flooded in, with one resident describing a pervasive rotten egg […]
Ontario Backs $1.3-Billion Push to Offload GTA’s Condo Glut as Rentals
Ontario’s provincial infrastructure bank and a private investment firm announced March 10 a $1.3-billion fund to buy unsold condominiums across the Greater Toronto Area and convert them into long-term rentals — with a slice set aside as permanently affordable housing. The deal pairs High Art Capital with the Building Ontario Fund, a Crown agency the […]
New $35M Prediction Market Fund Backed By Rivals Polymark, Kalshi Execs
Prediction markets are now mature enough to attract specialized venture capital, and investment firm 5c(c) Capital’s launch signals that investors are no longer just backing the exchanges themselves. According to an investment document viewed by Bloomberg News, the new firm is launching with support from a broad roster of prominent investors, including Polymarket founder Shayne […]
Musk’s Starlink Stumbles Again In Africa As Namibia Says No
Namibia rejected Starlink’s request to operate satellite internet services in the country, denying the Elon Musk-backed company both a telecommunications service licence and access to radio spectrum. The refusal blocks Starlink’s planned nationwide rollout through its local unit, Starlink Internet Services Namibia, and marks the company’s second regulatory setback in southern Africa after failing to […]
Iran Denies Trump’s Talk Claims; Israel Strikes Anew During US Pause
The current US/Israel war against Iran seems to be diverging in multiple ways: President Donald Trump said Washington and Tehran have reached “major points of agreement” and paused planned US strikes on Iranian power plants for five days, while Iran denied any talks took place and Israel launched a new wide-scale strike package across Tehran. […]
EU Antitrust Watchdog Opens Broad AI Stack Probes — Cloud, Data, and Chatbot Markets All in Scope
The European Commission is targeting nearly every layer of the artificial intelligence value chain — cloud infrastructure, training data, and chatbot distribution — in a wave of parallel antitrust investigations that regulators say is designed to prevent any single company from locking up the emerging AI ecosystem before competition law can catch up. “We are […]
Ukraine Strikes Russia’s Largest Baltic Oil Port in Escalating Energy War
Ukrainian drones hit the port of Primorsk on the Baltic Sea early Monday, setting fuel tanks ablaze at Russia’s most important crude export hub in the region and forcing an evacuation of port personnel, Russian authorities said. Leningrad region Governor Alexander Drozdenko confirmed the attack in a Telegram post, saying firefighters were battling the blaze […]