Biden Finally Takes Side in Congressional Trading Dispute
In his last few weeks in office, President Joe Biden is voicing support for banning members of Congress from trading stocks, a significant shift in his position on a long-standing controversy over congressional trading. “Nobody in the Congress should be able to make money in the stock market while they’re in the Congress,” Biden said […]
Honda-Nissan Merger Talks Poised To Create A $54B Auto Industry Giant
Japanese automakers Honda Motor Co. and Nissan Motor Co. have initiated discussions regarding a potential merger, in a move to enhance their competitiveness in the rapidly evolving electric vehicle market. This development comes as traditional car manufacturers face mounting pressure from industry leaders like Tesla and emerging Chinese companies such as BYD. According to reports, […]
Organigram Reports Revenue Growth in Fiscal 2024, But Net Losses Continue
Organigram Holdings Inc. (TSX: OGI) has reported its financial results for fiscal year 2024, ending September 30, 2024, posting annual net revenue of $159.8 million, up 6% compared to $150.4 million in fiscal 2023. This modest growth stemmed primarily from increased recreational cannabis sales and expanding international revenues. While the increase is noteworthy in a […]
Torex Gold To See Production Resume At Morelos Complex
Operations are set to restart at Torex Gold’s (TSX: TXG) Morelos Complex in Mexico, following the Director General of Mines under Mexico’s Federal Ministry of Economy lifting the temporary suspension of operations. The suspension had been put in place following an incident that saw three workers killed due to carbon monoxide poisoning at the underground […]
Hot Chili Hits 0.5% Copper, 0.3 g/t Gold Over 308 Metres At La Verde
Hot Chili Limited (TSXV: HCH) has released the first set of drill results from its La Verde project in Chile. The results come from a 6,000 metre drill program that is currently ongoing. Highlights from the results include: The results are said to reflect a “significant copper-gold discovery” at La Verde, which is found 30 […]
Patriot Battery Metals Secures $69 Million Investment From Volkswagen, Enters Offtake Agreement
Patriot Battery Metals (TSX: PMET) has secured a major investment from Volkswagen, with the automaker set to take a 9.9% interest in the lithium explorer. The arrangement will see Volkswagen acquire 15.6 million common shares of Patriot at a price of $4.42 per share, which represents a 65% premium to the 30 day volume weighted […]
Meta Hit with €251 Million Fine Over 2018 Data Breach
Ireland’s data protection watchdog has fined Meta Platforms (Nasdaq: META) €251 million over a 2018 data breach that exposed personal information of approximately 29 million Facebook users worldwide, including 3 million in the European Union. The Irish Data Protection Commission announced two decisions on Monday following own-volition inquiries into the breach, which occurred when unauthorized […]
Jaguar Mining Sees Turmalina Mine Shutdown By Regulators
Jaguar Mining (TSX: JAG) is facing further difficulties at its Turmalina Mine in Minas Gerais, Brazil. The mine this morning saw the Regional Superintendence of Labor of Minas Gerais suspend operations at the mine as a result of safety risks. The suspension follows the company experiencing a landslide associated with its dry stack tailings on […]
Fall Economic Statement: Ballooning Deficit, Trade Threats, And Growth Stalls Spell Financial Crisis
In a day marked by political upheaval and economic concern, Canada’s federal government released its 2024 Fall Economic Statement, revealing a $61.9 billion deficit for the 2023-24 fiscal year — over $20 billion beyond initial projections. The statement outlined significant new spending commitments, investment incentives, and responses to mounting global pressures, particularly trade threats from the United States. […]
Europe Stakes Its Claim in Space with Rival to Starlink
The European Union signed contracts on Monday for a €10.6 billion satellite project aimed at rivaling Elon Musk’s Starlink, with plans to launch 290 satellites by 2030 as concerns grow over space-based communications sovereignty. The IRIS2 constellation will be built through a public-private partnership involving Luxembourg’s SES SA, France’s Eutelsat SA, and Spain’s Hispasat SA. […]