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Elon Musk Ordered to Defend Against Voter Fraud Claims in Federal Court

A Texas federal court has rejected Elon Musk’s attempt to dismiss fraud allegations stemming from his controversial pre-election petition drive that promised daily $1 million prizes to participants. Judge Robert Pitman ruled Wednesday that plaintiff Jacqueline McAferty presented sufficient evidence that the billionaire and his America PAC may have deceived voters about the nature of […]

Kazatomprom Cuts Nominal Output By “5% Of World’s Supply”

Kazatomprom has reported its H1 2025 results, only to be overshadowed by a production capacity cut as it announces its 2026 production strategy. After a review of market conditions and new-mine timelines, Kazatomprom lowered its 2026 nominal licensed production level (100% basis) to 29,697 tU (77 Mlbs) from 32,777 tU (85 Mlbs)—a 10% cut, largely […]

Pentagon Preparing Attack Options for Mexican Cartels

The Trump administration has directed the US military to prepare options for lethal strikes against drug cartel targets inside Mexico, with operations to be ready by mid-September, according to a report citing three military sources. Independent journalist Ken Klippenstein reported Thursday that a Top Secret planning order issued in late spring tasked US Northern Command […]

Musk, X Corp Strike Tentative Severance Payout On Ex-Twitter Employees

Elon Musk and X Corp have reached a tentative settlement to resolve a class action by former Twitter employees over unpaid severance tied to the 2022 takeover and mass layoffs. The lawsuit had sought $500 million and was led by ex-employees Courtney McMillan and Ronald Cooper. The workers alleged Twitter’s 2019 severance plan entitled most […]

First US Strategic Minerals Reserve Is Coming: What Minerals Are In Focus

A public-private initiative will establish the first Strategic Minerals Reserve in US, headquartered at the Hawthorne Army Depot in Mineral County, Nevada. Nevada-based critical minerals developer M2i Global and aviation company Volato Group will spearhead the effort, with the Department of Defense, Defense Logistics Agency, and the Department of Energy supporting the project. The design […]

Quebec Liquor Board May Destroy $300K in US Alcohol Over Trump Tariffs

Quebec’s provincial liquor board faces the prospect of destroying $300,000 worth of American alcohol that has been banned from store shelves since March in response to tariffs imposed by President Donald Trump. The Société des alcools du Québec has kept US alcohol purchased before the March 4 boycott in storage, but may be forced to […]

Ford Floats Province Buying Stelco Amid US Tariff Dispute

Ontario Premier Doug Ford suggested Wednesday that the province could purchase steelmaker Stelco from its American owner, after criticizing the company’s CEO for supporting tariffs that penalize Canadian steel exports. Ford made the remarks during a $70 million funding announcement for worker retraining programs in Hamilton, home to Stelco’s operations. The premier criticized Cleveland-Cliffs (NYSE: […]

MEG Energy To Be Acquired By Cenovus At $7.9 Billion Valuation

MEG Energy (TSX: MEG) has officially become the focus of a bidding war. The company this morning indicated that it has entered into an agreement with Cenovus Energy (TSX: CVE) to be acquire in a deal valuing the company at $7.9 billion. The arrangement agreement follows Strathcona Resources (TSX: SCR) earlier this year making a […]

John Deere Announces Mass Layoffs as Trump Tariffs Hit Agricultural Equipment Industry

Agricultural equipment manufacturer John Deere (NYSE: DE) announced layoffs affecting more than 200 workers across three Midwestern facilities this week, citing customer uncertainty over President Donald Trump’s expanding tariff policies as a primary factor in declining sales. The Moline-based company will terminate 115 employees at its East Moline, Illinois facility later this month, followed by […]

FanDuel Meets CME As $1 Event Contracts Target Retail Traders

CME Group and Flutter Entertainment’s gaming platform FanDuel unveiled a joint plan to launch fully funded, event-based contracts that let US retail users take simple “yes/no” positions on equities, gold, oil, crypto, and key economic indicators for as little as $1, multiple times per day. The partners say the initial lineup will span benchmarks like […]