Republicans Secure House, Completing GOP Trifecta in Washington
The Republican Party is set to maintain control of the House of Representatives, securing their 218th seat required for a majority, according to Decision Desk HQ projections. This victory grants the GOP unified control over Washington, as President-elect Donald Trump prepares to take office in January. Speaker of the House Mike Johnson (R-La.), a relatively […]
“Deeply Disappointing And Wrong”: Small Business Outraged as Government Plans to Tax Carbon Tax Rebates
Small businesses across Canada are expressing anger and disbelief as the government announces plans to tax long-overdue carbon tax rebates. This decision, learned by the Canadian Federation of Independent Business (CFIB), has ignited widespread frustration, with CFIB leaders and small business owners calling it a “ridiculous” move that contradicts the principle of revenue neutrality in […]
Airlines Halt Haiti Flights After Aircraft Hit by Gunfire
Airlines suspended flights to Haiti on Monday after gunfire struck two commercial aircraft, injuring a crew member, as the US State Department warned of “gang-led efforts” to block travel to and from Port-au-Prince. A Spirit Airlines (NYSE: SAVE) flight heading to Port-au-Prince from Fort Lauderdale was diverted to the Dominican Republic after sustaining damage consistent […]
US Sets Ambitious Goal to Triple Nuclear Power by 2050
The Biden administration has announced a sweeping plan to triple the United States’ nuclear power capacity by 2050, aiming to add 200 gigawatts of carbon-free electricity through new reactor construction, plant restarts, and upgrades to existing facilities. The plan sets an ambitious target: to have 35 gigawatts of additional nuclear capacity online within the next […]
Inside FTX’s $1.8 Billion Lawsuit Against Binance Amid Crypto Collapse Fallout
In a lawsuit filed in Delaware’s bankruptcy court, the liquidators of the now-bankrupt cryptocurrency exchange FTX are seeking to recover $1.8 billion from rival Binance, claiming a major transaction was fraudulent. According to court documents, the case centers around FTX’s July 2021 decision to repurchase a 20% stake in the company from Binance for $1.76 […]
Trump Win Sparks $1 Billion Outflow from World’s Biggest Gold ETF
SPDR Gold Shares (NYSEARCA: GLD), the world’s largest gold-backed ETF, saw a major shift as investors withdrew over $1 billion last week, marking the most significant outflow since July 2022. This came in response to Donald Trump’s election victory, which spurred a rally in US stocks and the dollar, reducing gold’s appeal. The sell-off in […]
Gatos Silver’s Q3 2024 Results Show Record Profits As Merger Looms
Gatos Silver (TSX: GATO) announced a robust third quarter in 2024, posting an increase in revenue and net income, largely attributed to its performance at the Cerro Los Gatos mine in Mexico. Earnings per share jumped to $0.14, representing a notable 200% increase from $0.05 in Q3 2023. Total revenue for the Los Gatos Joint […]
Shopify Stock Jumps as Q3 2024 Results Show Strong Revenue Jumps and Profit Margins
Shopify Inc. (NYSE, TSX: SHOP) reported its third-quarter 2024 financial results this morning, recording a quarterly revenue of $2.16 billion, a significant 26% increase from $1.71 billion during the same quarter last year and an increase from $2.08 billion in the previous quarter. This marks the sixth consecutive quarter of more than 25% revenue growth, […]
Silver47 To Begin Trading On November 14
Silver47 Exploration (TSXV: AGA) has announced that it will begin trading on the TSX Venture as of November 14. The silver explorer is set to trade under the symbol “AGA”.
NexGen Energy Expands Discovery At Patterson Corridor East
NexGen Energy (TSX: NXE) reported this morning that it has expanded a broad and continuous discovery at its Rook I project, following an initial discovery announcement back in March. The discovery, referred to as Patterson Corridor East, or PCE, saw a 34,000 metre program conducted across it this summer, which has now been completed. Drilling […]