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 […]
Trump Doubles China’s Tariffs To 20%: “Drugs Are Still Pouring Into Our Country”
The US is moving to increase its tariff rate on Chinese goods, with President Donald Trump announcing an additional 10% charge on imports from China beginning March 4. This levy will come on top of the 10% tariff already in effect from earlier in the month, making the overall penalty on Chinese goods 20%. Trump […]
Mark Carney Lied About Firm’s US Move, Conservatives Say, But Liberal Minister Shows Support
Recent developments have thrust former Bank of Canada Governor Mark Carney into an intense spotlight, with Conservative critics accusing him of misleading Canadians about his involvement in relocating Brookfield Asset Management from Toronto to New York. According to critics, Carney’s public account of when Brookfield decided to move its headquarters conflicts with evidence suggesting that […]
Overhyped? Justice Department’s Epstein Document Release Falls Flat
The US Justice Department released documents related to sex trafficker Jeffrey Epstein on Thursday, but the first batch posted publicly contained no new revelations about his connections to prominent figures, disappointing those who had anticipated bombshell disclosures. Attorney General Pam Bondi first shared the materials with conservative social media influencers at the White House before […]
The Grift Continues: SEC Halts Fraud Case as Justin Sun Funnels Millions into Trump Venture
The SEC has effectively paused its fraud prosecution of Justin Sun, a Chinese national who has poured over $50 million into President Donald Trump’s crypto venture, World Liberty Financial (WLF). The SEC originally charged Sun in March 2023, accusing him of promoting unregistered securities and “fraudulently manipulating the secondary market” for a crypto token through […]
SEC Says Meme Coins Are Not Securities
The US Securities and Exchange Commission said on Thursday it will not classify most “meme coins” as securities under federal law, marking a significant shift in its approach to regulating the cryptocurrency industry. In a staff statement, the SEC’s Division of Corporation Finance said meme coins, which are inspired by internet memes and trends, are […]
Anand Makes A U-Turn, To Run Again With Carney’s Backing
Canadian Transport Minister Anita Anand will announce on Friday that she is reversing her decision to retire from politics and will instead seek re-election, according to sources familiar with her plans. Anand, who previously said she would not run in the upcoming federal election or seek to lead the governing Liberal Party, will make the […]
Trump Plans To Impose Tariffs On Canada’s GST
The flurry of Trump’s tariffs is about to cross a weird border as Canada’s national sales tax has become the latest target from the Trump administration. According to Commerce Secretary Howard Lutnick, the US plans to retaliate against Canada over its 5% levy on virtually every good and service sold nationwide. “We’re supposed to have […]