Goliad vs. Uranium: Why This Texas County Is Saying ‘No’ to Mining
The Goliad County Commissioners Court unanimously passed a resolution opposing uranium mining within the county in Texas. This action comes in response to the Uranium Energy Corp (NYSE: URC) application to renew its permit with the Texas Commission on Environmental Quality (TCEQ) to continue uranium mining operations in the northwestern part of the county. The […]
Is Elon Musk Going to Sell More Tesla Stock to Keep X Afloat?
Financial troubles at Elon Musk’s social media platform X, formerly known as Twitter, could have (more) ripple effects for Tesla (Nasdaq: TSLA) shareholders. As X grapples with plummeting advertising revenue, experts speculate that Musk may need to sell Tesla stock to keep the struggling platform afloat. Recent internal figures obtained by the New York Times […]
Blank Space: Trump Accepts A Fake Taylor Swift Endorsement
Former US President and current Republican standard bearer Donald Trump is no stranger to controversy, but his recent social media antics have taken an even more surreal turn. On Sunday, Trump posted an image on his Truth Social account that appeared to depict pop superstar Taylor Swift endorsing his 2024 presidential campaign. Accompanied by the […]
Google Terminates AdSense Accounts in Russia, Citing ‘Ongoing Developments’
Google (Nasdaq: GOOG) announced last week that it will deactivate all Russia-based AdSense accounts. This decision, which the tech giant attributes to “ongoing developments in Russia,” in effect ends the ability of Russian creators to monetize their content through Google’s advertising platforms. Scheduled for August 2024, the shutdown is the latest escalation in Google’s response […]
China Obscures Market Data Amid Potential First Annual Equity Outflow Since 2016
China’s stock exchanges will stop releasing daily data on overseas fund flows starting today. This move comes as foreign investors have been steadily withdrawing from the Chinese equity market, potentially leading to the first annual outflow since 2016 when Bloomberg began tracking such data. The decision, first hinted at in April, is seen by analysts […]
Walmart and DroneUp Scale Back Drone Delivery Operations
Walmart (NYSE: WMT) and its partner DroneUp are significantly reducing their drone delivery operations, discontinuing services in Phoenix, Salt Lake City, and Tampa. This decision comes after an ambitious expansion announced in 2022, which was touted as the first large-scale drone delivery operation in the United States. As a result, 18 Walmart delivery hubs will […]
Canada Braces for Major Disruption As 9,000 Rail Workers Set to Walk Off the Job
Canada’s vital supply chains face an impending disruption as labor tensions escalate between two of the country’s largest railway operators and their workers. Over 9,000 employees at Canadian Pacific Kansas City Ltd. (TSX: CP) and Canadian National Railway Co. (TSX: CNR) could find themselves on strike or locked out as of Thursday, threatening to upend […]
SEC Slaps Carl Icahn With Charges Over Icahn Enterprises’ Hidden Billion-Dollar Pledges
Billionaire investor Carl Icahn is now embroiled in a significant legal and financial controversy as the U.S. Securities and Exchange Commission charges him and his publicly traded company, Icahn Enterprises (NASDAQ: IEP), with failing to disclose critical information regarding the pledging of IEP securities as collateral for personal margin loans. This disclosure failure spanned several […]
Ivanhoe Mines Hits Commercial Production At Phase 3 Concentrator At Kamoa-Kakula Copper Complex
Ivanhoe Mines (TSX: IVN) has achieved commercial production at its phase three concentrator at the Kamoa-Kakula Copper Complex in the Democratic Republic of the Congo. The addition of the third phase concentrator is expected to increase annual copper production capacity to over 600,000 tonnes at the complex. Production at the phase three concentrator began on […]
Nevada King Hits 4.67 g/t Gold Over 42.7 Metres At New Discovery
Nevada King Gold (TSXV: NKG) has seen success in drill testing a new discovery area at its Atlanta Gold Mine Project, which is found in Nevada. The company this morning reported multiple intercepts of gold at the Wild West Zone, found in an area that was previously believed to be unmineralized on the western side […]