US Labor Market Adds Just 12,000 Jobs In October, Revises Down August And September Numbers
The U.S. labor market showed signs of cooling in October, with nonfarm payroll employment remaining essentially flat, adding just 12,000 jobs, according to the latest report from the U.S. Bureau of Labor Statistics. The unemployment rate held steady at 4.1%, unchanged from the previous month but higher than the 3.8% recorded a year ago. The […]
Bitfarms Produces 236 BTC in October
Bitfarms (TSX: BITF) on Friday reported its bitcoin production data for the month of October. The company indicated that it earned a total of 236 bitcoin over the course of the month, a nearly 9% increase over the 217 bitcoin produced in September, but still down 41% from the 398 produced in October 2023. The […]
Oil Jumps Amid Reports of Iran Preparing for Retaliation
Crude oil markets experienced a sharp upswing in late trading Thursday as intelligence reports emerged suggesting potential military action between Iran and Israel. Trading data showed petroleum prices climbing more than $2 per barrel, with benchmark WTI reaching $70.76 and Brent touching $74.26 in post-settlement activity. Intelligence reports point to Iranian military preparations involving Iraqi […]
Amazon Posts 11% Revenue Growth but Cautious Q4 Outlook Leaves Wall Street Wary
Amazon’s (NASDAQ: AMZN) third-quarter earnings report for 2024 showed robust revenue growth and margin expansion across multiple business segments, reflecting both the company’s adaptability and persistent competition in its core markets. Amazon reported $158.9 billion in net sales for the quarter ending September 30, an 11% increase from $143.1 billion a year ago, surpassing analysts’ […]
Eldorado Gold Raises Profit but Tightens 2024 Outlook Amid Rising Costs
Eldorado Gold Corporation (TSX: ELD) has reported robust Q3 2024 financial results, marked by revenue and profit growth driven by a high average gold price and strong sales. However, the company faces increasing cost pressures and operational challenges across its mines, prompting a narrowed production guidance for the remainder of 2024. In Q3 2024, Eldorado […]
The Next Big Uranium District Like Athabasca | Forum Energy with Rick Mazur
In this interview at the Commodities Global Expo 2024, Richard J. Mazur, President & CEO of Forum Energy Metals Corp. (TSXV: FMC), provides insights into the evolving uranium market and his company’s strategic position within it. Mazur begins by highlighting the significant shift in nuclear power sentiment, particularly noting the entry of tech giants like […]
Cenovus Returns $1.1 Billion to Shareholders Despite Decline in Free Cash Flow and Earnings
Cenovus Energy Inc. (TSX: CVE) released its financial results for the third quarter of 2024, showing mixed outcomes influenced by operational milestones, turnaround activities, and fluctuating commodity prices. Net earnings for Q3 2024 stood at $820 million, translating to $0.42 per share, a decrease from $1.0 billion, or $0.53 per share, in Q2 2024, and […]
Despite Climate Pledges, Data Centers Set to Drive Natural Gas Boom
S&P projects up to 6 bcf/d increase as AI boom strains power grid
Silver Tiger PFS: $222M NPV at $26/oz Silver | Glenn Jessome
In this interview, Glenn Jessome, President and CEO of Silver Tiger Metals Inc. (TSXV: SLVR), provides insights into the changing political landscape in Mexico and his company’s significant progress at the El Tigre project. Jessome begins by discussing Mexico’s new president Claudia Sheinbaum and her administration’s positive impact on mining investment in the country. This […]
Is Super Micro Cooking the Books or Caught in a Cultural Clash?
Super Micro Computer Inc. (NASDAQ: SMCI) is facing intense scrutiny after its auditor, Ernst & Young LLP (EY), abruptly resigned, citing concerns over the company’s commitment to integrity and transparency. The resignation has triggered a steep decline in Super Micro’s stock, leaving investors and analysts wondering whether the company is engaging in financial misconduct — […]