First Majestic Closes Acquisition of Gatos Silver Creating Leading Intermediate Silver Producer
First Majestic Silver (TSX: AG) (NYSE: AG) has officially completed its acquisition of Gatos Silver (TSX: GATO) (NYSE: GATO). The transaction is set to materially enhance the production profile of First Majestic.
Russia Central Bank Denies Plans to Freeze Deposits
The Central Bank of Russia issued a firm denial Monday regarding circulating rumors about potential freezes on private bank deposits, as concerns mount over the nation’s economic stability. “Such a move would severely undermine the banking system and financial stability,” the monetary authority said on Telegram, addressing widespread public inquiries that followed its recent aggressive […]
SEC Set for Crypto Policy Overhaul Under Trump
A sweeping overhaul of US cryptocurrency regulation looms as Republican SEC commissioners prepare to take control of the agency’s agenda next week, marking a dramatic departure from the enforcement-heavy approach of the Biden era. The incoming leadership duo of Commissioners Hester Peirce and Mark Uyeda signals a potential lifeline for the crypto industry, which has […]
British Oil Giant BP Cuts Nearly 5% of Workforce “To Simplify” Operations
British energy titan BP (NYSE: BP) unveiled a significant restructuring plan on Thursday, announcing the elimination of approximately 4,700 permanent jobs and the reduction of over 3,000 contractor positions. This move represents nearly five percent of BP’s global workforce and is a cornerstone of the company’s broader “multi-year programme to simplify” its operations and enhance […]
Cannabis Sector Faces $2.5 Billion Debt Test in 2026, Analysis Shows
The cannabis industry faces a critical refinancing challenge in 2026, when approximately $2.5 billion in debt matures, according to a new analysis by Viridian Capital Advisors. The report highlights significant risks for companies whose debt obligations exceed their market value, with about $800 million of maturing debt concentrated among the most vulnerable firms. These companies […]
Is MrBeast Buying TikTok?
MrBeast has begun talks with billionaire investors about a potential TikTok acquisition, as the platform approaches a US government deadline to sell or shut down. The YouTuber, whose real name is Jimmy Donaldson, sparked speculation Monday by tweeting: “Okay, fine, I’ll buy Tik Tok so it doesn’t get banned.” “Just got out a meeting with […]
Canada Reports 50,000 Foreign Students as ‘No-Shows’
Nearly 50,000 international students granted study permits for Canada failed to attend their designated schools during spring checks in 2024, according to government figures obtained by The Globe and Mail. The absences, documented through the International Student Compliance Regime’s biannual reporting system, represented 6.9% of students from 144 countries tracked by Immigration, Refugees and Citizenship […]
Hindenburg Research Founder Shuts Down Ops, “The Intensity Came at a Cost”
In a shocking move, Hindenburg Research has announced that it will be winding up its operations. This decision comes following the release of a personal note from the firm’s founder, Nate Anderson, detailing the reasons behind the closure and reflecting on the company’s impactful journey. Founded in 2017, Hindenburg Research quickly established itself as a […]
Conservatives Vow to Reverse Trudeau’s Capital Gains Tax Hike
Canada’s Conservative Party is poised to dismantle the Liberal government’s controversial capital gains tax increase, should they gain power in the next federal election. This move, spearheaded by Conservative leader Pierre Poilievre, aims to alleviate economic strain on businesses and individuals, as concerns mount over job losses and reduced investment. In a decisive announcement on […]
Eight Capital Closes Its Doors as Top Executives Transition to Stifel Canada
Investment dealer Eight Capital has announced plans to wind down its operations, marking a significant shift in Canada’s investment banking landscape. The decision, made by Eight Capital’s partnership committee, was confirmed yesterday and comes amid ongoing challenges in the speculative industries the firm has long served. Eight Capital, formerly known as Dundee Capital Markets, has […]