Trump Floats Eliminating Income Tax, Returning to 19th Century Tariff System
Former President Donald Trump discussed the possibility of eliminating federal income taxes during a Fox News appearance in the Bronx, suggesting a return to late 19th-century economic policies that relied primarily on tariffs for government revenue. “It had all tariffs — it didn’t have an income tax,” Trump said during the segment. “Now we have […]
Study: Canadian Dairy Farms Dumped $15B Worth of Milk in Ten Years
A new study reveals that Canadian dairy farmers disposed of an estimated 6.8 billion liters of surplus milk between 2012 and 2021, surpassing disposal rates in other major dairy-producing nations. The research, conducted by Dalhousie University in partnership with international scholars, estimates the wasted milk’s value at $14.9 billion. The study, led by ‘The Food […]
$45 Million in Pro-Trump Polymarket Bets Traced to Single Source
A cryptocurrency betting platform has revealed that a single trader based in France has placed more than $45 million in bets favoring Donald Trump to win the November presidential election, highlighting concerns about the reliability of prediction markets as election indicators. Polymarket, a crypto-based betting website, launched an investigation after discovering that just four accounts […]
Data Center Boom Could Revive Dormant Iowa Nuclear Plant
Rising energy demands from the technology sector could breathe new life into Iowa’s dormant Duane Arnold nuclear facility, as utility giant NextEra Energy (NYSE: NEE) explores restarting the plant. The 601-megawatt facility, which powered down in 2020 near Cedar Rapids, has caught the attention of data center operators searching for reliable energy sources. During NextEra’s […]
Founders Metals Closes Out $32.1 Million Financing Round That Saw B2Gold Take 5% Stake
Founders Metals (TSXV: FDR) has closed on a bought deal financing, which was part of a larger financing package that saw B2Gold Corp (TSX: BTO) take an initial stake in the gold explorer. The bought deal financing saw the company issue 8.34 million shares at a price of $2.40 per each, with no warrant offered […]
ATEX Resources Secures US$40 Million Investment From Agnico Eagle
Funding continues to trickle down from major metals producers into the junior space. Agnico Eagle (TSX: AEM) this morning was the latest major to take a stake in a junior, after making an investment in ATEX Resources (TSXV: ATEX). The funding will see Agnico take a 13.21% interest in ATEX in exchange for a US$40 […]
Under Pressure, Trudeau Retreats from Open-Door Immigration
Prime Minister Justin Trudeau announced a dramatic reversal of Canada’s immigration policy on Thursday, marking a stark departure from his long-standing approach of welcoming increased numbers of newcomers to the country. Since taking office in 2015, Trudeau has consistently advocated for higher immigration levels, with his government setting record targets in 2022 to address pandemic-related […]
Orano Receives €300 Million Cash Injection From France
The French government has injected €300 million ($330 million) into state-controlled uranium producer Orano. This capital infusion was announced on Thursday by both the company and the economy ministry. The infusion saw Orano issue new shares which were purchased entirely by the French state, increasing its stake in the company to 90.3%. The remaining shareholders, […]
US Home Sales Hit Lowest Pace Since 2010 Despite Easing Mortgage Rates
Existing home sales in the United States declined to their slowest annual pace in nearly 14 years during September, with transactions falling 1% from August to a seasonally adjusted rate of 3.84 million units, the National Association of Realtors reported Wednesday. This represents a 3.5% decrease from September 2022 and falls short of economists’ expectations […]
Walmart to Pay $7.5M for Illegal Waste Disposal in California
Walmart (NYSE: WMT) has agreed to a $7.5 million settlement with California over allegations of illegally disposing hazardous waste in municipal landfills across the state. The settlement, announced Tuesday by California Attorney General Rob Bonta, addresses the improper dumping of various toxic materials including batteries, aerosol insecticides, cleaning supplies, electronic waste, and latex paints. The […]