Barrick Gold’s Q3 Earnings: Is Guidance Shot?
Another gold major has reported, and another gold major has failed to meet analyst expectations. It’s been a bit of a rough quarter for senior gold producers here in Q3 2024, and it appears that Barrick Gold (TSX: ABX) didn’t want to be an exception to that rule, after failing to hit analyst consensus on […]
Franco Nevada Q3 Earnings: The Road To Recovery
Last quarter we published our first coverage of Franco-Nevada’s (TSX: FNV) earnings, and, quite rightly, referred to the results as being a bit of a sh*tshow. The company’s second quarter results were marred by the loss of a major royalty over political activism in Panama, poor production at two key assets, and increased taxes. Unfortunately […]
Saudi Arabia Weighs $100 Billion AI Investment Plan, Sources Say
Saudi Arabia is looking to launch an ambitious artificial intelligence venture dubbed “Project Transcendence,” with potential investments reaching up to $100 billion, according to a recent report from Bloomberg, which cites people familiar with the matter. The kingdom aims to establish itself as a leading technological hub in the Middle East. The state-backed initiative will […]
Australia Proposes Ban on Social Media for Under-16s
Australia has unveiled plans for legislation that would block social media access for children under 16. The initiative was announced by Prime Minister Anthony Albanese as a response to mounting parental concerns. Albanese said that moms and dads like him “are worried sick about the safety of our kids online,” and that he wants Australian […]
Rising Renewals Could Trigger Wave of Home Listings in 2025
A new report from the Canada Mortgage and Housing Corporation warns that over a million homeowners will face substantially higher interest rates when their mortgages come up for renewal in 2025. Approximately 85% of these fixed-rate mortgages were initially secured when the Bank of Canada’s rate was at or below 1%, contrasting sharply with the […]
Governor Gavin Newsom Mobilizes State Defense Against Trump Policies
California Governor Gavin Newsom announced Thursday he would convene a special legislative session next month to protect California’s policies and values in anticipation of Donald Trump’s return to the White House. The governor’s proclamation outlined “significant and immediate” concerns about potential federal actions that could impact the nation’s most populous state. Newsom’s office has been […]
Global Powers’ “Coordinated Response” Spoke Against North Korea’s Alliance with Russia, But When Is The Action Coming?
In a display of international unity, eleven major global powers—including the United States, United Kingdom, European Union, Australia, Canada, France, Germany, Italy, Japan, South Korea, and New Zealand—have issued a joint statement condemning North Korea’s deployment of troops to support Russia’s invasion of Ukraine. Despite this united front, however, some experts question whether this strong […]
Toronto Crypto CEO Abducted, Released After $1M Ransom Paid
In a shocking incident within the cryptocurrency sector, Dean Skurka, CEO of Toronto-based crypto firm WonderFi (TSX: WNDR), was abducted and held for ransom during peak rush hour Wednesday in downtown Toronto. Police confirmed the incident, reporting that the kidnapping took place near University Avenue and Richmond Street W. just before 6 p.m. Skurka, held […]
Elon Musk Is Ready to Collect His Reward
Elon Musk began laying groundwork for influence in a second Trump administration before Tuesday’s election was even decided, The New York Times reported Wednesday. The tech billionaire requested high-level Defense Department positions for SpaceX employees, including retired Air Force General Terrence J. O’Shaughnessy and government affairs executive Tim Hughes, according to people briefed on the […]
French Regulators Probe Crypto Platform After Massive Trump Bet Win
French gambling authorities are investigating Polymarket, the cryptocurrency betting platform where a French trader won nearly $50 million wagering on Donald Trump’s presidential victory. “We are currently examining its operation as well as its compliance with French legislation on gambling,” said ANJ spokesperson Elsa Trochet-Mace in a statement Thursday. The platform, which requires authorization to […]