Tariffs Galore: Trump Threats 25% Levy On Auto, Pharma, Semiconductor
In our next episode on tariffs, President Donald Trump has declared his intention to impose a 25% tariff—or potentially higher—on imported vehicles, pharmaceuticals, and semiconductors. As usual, the plan is long on rhetoric, and short on specifics. If enacted at scale, this initiative would strike more than $500 billion worth of goods, encompassing supply chains […]
Sandstorm Gold Sees 63% Drop In 2024 Annual Net Income
Sandstorm Gold Royalties (TSX: SSL) has published its 2024 annual financial results, with total revenue in 2024 reaching $176.3 million, with $47.4 million recognized in the fourth quarter. While this slightly trails the $179.6 million reported for 2023, the quarterly figure surpasses the $44.5 million earned in the final quarter of that year. Cost of […]
Nikola Files For Chapter 11 Bankruptcy
Troubled EV maker Nikola (NASDAQ: NKLA) has filed for Chapter 11 bankruptcy protection. The Phoenix-based company’s decision follows unsuccessful attempts to secure a buyer or the funding necessary to sustain operations. In its heyday, Nikola reached a market valuation that briefly surpassed Ford, struck a multibillion-dollar partnership with General Motors, and served as the poster […]
Loblaw To Spend $2.2 Billion On Capital Expenditures In 2025 As It Attempts To Join “Team Canada” Push
Loblaw Companies (TSX: L) is attempting to step onto the “Team Canada” train this morning, announcing that it will be investing $2.2 billion this year in a move that is claimed to reinforce Loblaw’s role as “a major contributor to the growth of the Canadian economy.” The investment is part of a planned $10 billion […]
Pampa Metals Enters Letter Agreement To Acquire Rugby Resources To Create Porphyry-Focused Explorer
A South America-focused porphyry copper explorer is in the process of being established, with Pampa Metals (CSE: PM) this morning announcing it has entered into a letter agreement to acquire Rugby Resources (TSXV: RUG). The merger will bring together Pampa’s Piuquenes copper-gold porphyry project in Argentina with that of Rugby’s Cobrasco copper-moly porphyry discovery in […]
Strategy To Sell $2.0 Billion In 0% Notes To Buy More Bitcoin
Strategy (NASDAQ: MSTR), formerly known as MicroStrategy, has launched an offering for $2.0 billion in senior notes this morning that will be used to acquire further bitcoin. The offering follows a week of the company failing to acquire any further cryptocurrency for the second time in 14 weeks. The offering is to consist of $2.0 […]
Snowline Gold Intersects 2.08 g/t Gold Over 15.5 Metres In 300 Metre Step Out
Snowline Gold (TSXV: SGD) has successfully intersected mineralization in a 300 metre step out to the east of its Valley deposit, which is found at the firms Rogue project. The step out was conducted as part of the 2024 drill program, further results for which were released this morning. Highlights from the results include: Of […]
SSR Mining Reports Revenue Decline, Positive Net Income In Q4 2024
SSR Mining (TSX: SSRM) released its fourth quarter and full-year 2024 results, reporting a steep year-over-year decline in revenue at $995.6 million compared to $1.43 billion in 2023. This decline was pronounced in the fourth quarter, where revenue fell to $323.2 million from $425.9 million in the same period a year ago. Operating income swung […]
South Africa Seeks US Response on Aid Cut as China Pledges Support
South Africa’s foreign minister Ronald Lamola said on Monday the US has not responded to attempts to discuss President Donald Trump’s executive order cutting off $440 million in aid over land reform policies and the Gaza genocide case. The recently signed Expropriation Act allows land redistribution to address apartheid-era inequities. Black South Africans own 4% […]
Multiple Lawsuits Challenge The Constitutionality of Elon Musk’s DOGE Power
Sweeping sets of lawsuits seek to halt what they call an “unconstitutional abuse of power” by Elon Musk and his Department of Government Efficiency. The suit filed by 14 US states, spearheaded by New Mexico Attorney General Raúl Torrez, demands immediate court intervention to nullify DOGE’s alleged intrusion into federal agencies and to block Musk […]