France Doubles Down on Nuclear Power With €50B Gamble
France is putting its chips back on the table for nuclear energy, and this time it’s a high-stakes gamble. In a move that underscores its long-standing preference to atomic power, the French government is planning a zero-interest loan to finance six massive new nuclear reactors. The project, estimated to cost a staggering €50 billion ($52.6 […]
Businesses Must Plan for War Scenarios Urges NATO Military Chair
Dutch Admiral Rob Bauer, NATO’s military committee chair, warned Monday that businesses must prepare for wartime scenarios by restructuring their production and supply chains to counter potential pressure from Russia and China. Speaking in Brussels, Bauer emphasized that effective deterrence requires guaranteed delivery of crucial services and goods under any circumstances. He pointed to recent […]
Missouri Cannabis Sales Rake in $240 Million in New Tax Revenue Over Past Year
Legal cannabis sales have generated $240.78 million in new sales tax revenue for Missouri state and local governments over the past 12 months. The state government collected $143.30 million, while local governments received $97.48 million, surpassing initial projections significantly. These figures dramatically exceed the State Auditor’s original estimates following adult-use legalization in November 2022, which […]
Texas Takes Wall Street Titans To Court Over Alleged Coal Cartel
Texas Attorney General Ken Paxton has initiated a federal antitrust lawsuit against major asset management firms BlackRock Inc. (NYSE: BLK), State Street Corporation (NYSE: STT), and Vanguard Group. The suit alleges that these firms conspired to manipulate energy markets by reducing coal production, leading to increased energy costs for consumers. Paxton asserts that this collaboration […]
Redishred Delivers Double-Digit Growth in Q3 2024 as Buyout Looms
Redishred Capital (TSXV: KUT) reported its third-quarter financial results for 2024, showcasing notable improvements in revenue and profitability compared to the prior year. Revenue for the third quarter of 2024 reached $17.9 million, an increase of $2.5 million, or 16%, compared to Q3 2023. This performance reflects a combination of organic growth—primarily a 12% increase […]
Kinross Gold CEO Unloads $21.0 Million Worth Of Shares
Kinross Gold (TSX: K) is in the news for all the wrong reasons this morning, with its CEO, Jonathan Paul Rollinson, having filed this week the sale of a substantial portion of his equity holdings in the company. Rollinson on Tuesday filed the sale of 1.3 million common shares of Kinross, at an average price […]
Fireweed Metals Hits 15.1 Metres Of 10.39% Zinc, 18.10% Lead, 296.9 g/t Silver At Macpass
Fireweed Metals (TSXV: FWZ) has released assay results from a drill program conducted at its Macpass Project in the Yukon this past summer. The results come from the Tom South and Jason Main zones. Highlights from the results include: The results, particularly from hole TS24-002, are said to represent the nearest to surface intercept at […]
Benton Resources Makes Gold Discovery At Dominion Lake, Options Additional Claims
Benton Resources (TSXV: BEX) has made a gold discovery at a recently staked project in Newfoundland. The discovery has been made at the Dominion Lake Gold-Base Metal Project, following a small prospecting program that was completed this past summer. A 50 metre wide sheared zone has been identified on the claims, which is in contact […]
Toronto Condo Sales Fall 91% As Prices Tumble
The Greater Toronto housing market reached a critical turning point in October as new construction sales plummeted across all segments, with data from Altus Group and BILD GTA revealing unprecedented declines despite major price reductions. Luxury single-family dwellings, typically the market’s flagship segment, saw prices retreat to $1.55 million after a $15,600 monthly decline. This […]
SoftBank Group Eyes Larger Stake In OpenAI With $1.5 Billion Tender Offer
SoftBank Group is poised to increase its investment in OpenAI through a $1.5 billion tender offer, according to sources familiar with the matter. The Japanese conglomerate’s move comes on the heels of its recent $500 million contribution to OpenAI’s $6.6 billion funding round in October, which valued the AI startup at $157 billion. The tender […]