Is Google About To Be Broken Up?
The US Justice Department is contemplating a historic move to break up Google (NASDAQ: GOOGL), one of the world’s largest tech companies, as part of an ongoing antitrust case. This development comes after Judge Amit Mehta ruled earlier this year that Google violated antitrust laws in both online search and search text ads markets. In […]
OpenAI Doesn’t Expect to Be Profitable Until 2029
OpenAI‘s backers are a long-ish way from making money. Recent financial projections indicate the AI powerhouse won’t turn a profit until 2029. This timeline presents a significant test of investor patience and confidence in the company’s long-term potential. According to documents obtained by The Information, OpenAI anticipates substantial losses in the coming years, potentially reaching […]
7-Eleven Parent Confirms Receiving Sweetened $47 Billion Bid from Alimentation Couche-Tard
Alimentation Couche-Tard Inc. (TSX: ATD.B) has submitted a revised takeover offer for Japan’s Seven & i Holdings, the parent company of 7-Eleven, valuing the Japanese firm at $47 billion. This offer represents a 20% increase from the initial $40 billion proposal, signaling the Canadian company’s continued interest in expanding its global reach. If successful, this […]
ILZSG Forecasts 164,000-Ton Zinc Deficit, Reversing Earlier Surplus Prediction
The International Lead and Zinc Study Group (ILZSG) has dramatically revised its forecast for the global zinc market in 2024, projecting a substantial supply deficit of 164,000 metric tons. This marks a stark reversal from the group’s April prediction of a 56,000-ton surplus, highlighting the rapidly changing dynamics in the zinc industry. The primary driver […]
TD Bank Faces U.S. Growth Freeze Amid $4 Billion Money Laundering Scandal
TD Bank Group (TSX: TD) is grappling with regulatory restrictions in the United States that threaten to hamper its growth in a key market. The bank has been embroiled in a far-reaching anti-money laundering investigation, culminating in severe financial penalties and now a new limitation: an asset cap on its U.S. retail banking business. This […]
Snowline Drills 2.10 g/t Gold Over 433.5 Metres At Valley
Snowline Gold (TSXV: SGD) continues to hit long intervals of mineralization at its Valley deposit, which is part of the Rogue project in the Yukon. The firm released assay results from two holes this morning, which come from a 25,000 metre drill program conducted on site this summer. Highlights from the results include: Drilling at […]
NexGold Set To Acquire Signal Gold In All-Stock Deal
Consolidation has continued in the gold space, with NexGold Mining (TSXV: NEXG) again being involved in a transaction, which follows its acquisition of Treasury Metals earlier this year. The latest target is Signal Gold (TSX: SGNL), and its Goldboro Gold project in Nova Scotia. The all-share transaction will see two single-asset developers come together in […]
Hercules Metals Hits 1.47% Copper Over 55 Metres
Hercules Metals (TSXV: BIG) has again intersected major intervals of copper mineralization at the Leviathan porphyry copper system, which is part of the Hercules project, in Idaho. Highlights from the drill results include: The drill program, designed as a step out program to the initial discovery hole drilled in 2023, outlined a 1.6 kilometre by […]
Plurilock Security Enters Partnership With CrowdStrike
Plurilock Security (TSXV: PLUR) has entered into a major partnership arrangement with cybersecurity firm CrowdStrike (NASDAQ: CRWD). The partnership will see Plurilock provide sales and support for the CrowdStrike Falcon cybersecurity platform under a partnership that is said to “secure critical infrastructure in democratic nations and economies against modern threats.”
Iran’s Oil Exports Plummet as Israel-Iran Conflict Escalates
Recent data from S&P Global Commodities at Sea reveals a significant drop in Iran’s crude oil exports, as tensions between Iran and Israel escalate. The last observed crude export cargo from Iran was estimated to have loaded on October 4, with only one other cargo seen since September 29. This sharp decline has resulted in […]