Tesla Recalls Nearly 12,000 Cybertrucks Over Safety Concerns
Tesla (NASDAQ: TSLA) has issued two new recalls for its Cybertruck model, marking the third and fourth recalls since the electric pickup was introduced late last year. The latest recalls affect nearly all of the 11,688 Cybertrucks currently on the road. The first recall concerns a piece of black plastic trim along the truck’s angled […]
Skeena Resources Secures $750 Million Financing, Funding Eskay Creek Project Into Production
Skeena Resources Limited (TSX: SKE) has announced a major milestone in the advancement of its Eskay Creek Gold-Silver Project, securing a comprehensive financing package totaling US$750 million (over C$1 billion) from Orion Resource Partners. This funding is crucial for the development, construction, and working capital required to push the 100%-owned Eskay Creek Project toward production […]
Taiga Motors CFO Eric Bussières to Depart, Firm’s Shares Jump
Taiga Motors Corporation (TSX: TAIG) announced today that Chief Financial Officer Eric Bussières will leave the company to pursue an opportunity outside the powersports industry. His successor will be named at a later date. Bussières will remain with Taiga until July 12 to ensure a smooth transition with the company’s finance and accounting team. “I […]
Former Apple Employee’s Revelations On Hazardous Waste Violations Lead to Major EPA Investigation
The U.S. Environmental Protection Agency (EPA) has identified at least 19 potential violations of the Resource Conservation and Recovery Act (RCRA) at Apple Inc.’s (NASDAQ: AAPL) semiconductor fabrication facility in Santa Clara, California. This comes after a series of inspections in August 2023 and January 2024, prompted by a public tip and complaint from former […]
Consumer Prices Rose Unexpectedly By 2.9% in May, Dampening Hopes for July Rate Cut
Consumer prices in Canada took an unexpected turn and rose in May, data from Statistics Canada showed on Tuesday, reversing a trend of almost consistent cooling since the start of the year. This development has forced markets to trim hopes of a rate cut by the Bank of Canada (BoC) in July to below 50%. […]
Silver Deficit Set to Widen in 2024 Amid Strong Industrial Demand
The global silver market is poised for a significant deficit increase in 2024, according to recent projections by the Silver Institute. The industry association forecasts a 17% rise in the deficit, reaching 215.3 million ounces. This escalation is primarily driven by a 2% growth in demand, particularly from industrial sectors, while total supply is expected […]
Boston Pizza Honors Pizza Pledge After Oilers’ Defeat
Edmonton-based Boston Pizza is following through on its promise to give away free pizzas, despite the Oilers’ loss in Game 7 of the Stanley Cup Finals. The restaurant chain had initially pledged to distribute 30,000 pizzas if Edmonton ended Canada’s 30-year Stanley Cup drought. However, after the Oilers’ narrow 2-1 defeat to the Florida Panthers, […]
Liberals Lost A “Guaranteed” Seat In Toronto-St. Paul’s Byelection
In a blow to Liberal’s election prospects, the Conservative Party secured a significant victory in the Toronto-St. Paul’s byelection held on June 24, 2024. Conservative candidate Don Stewart narrowly defeated Liberal contender Leslie Church by a margin of 590 votes, marking a historic win in a riding that has been a Liberal stronghold for over […]
‘Portal to Hell’: OceanGate Co-Founder Unveils New Expedition
One year after the tragic OceanGate Titan submersible incident, Guillermo Söhnlein, co-founder ofOceanGate, is planning a new underwater expedition. Söhnlein, who left OceanGate in 2013, has set his sights on Dean’s Blue Hole, a 663-foot deep sinkhole in the Bahamas, through his new venture, Blue Marble Exploration. The mission, called the Sapphire Abyss, aims to […]
BOJ Considers Bold Policy Shift Amid Yen Weakness and Inflation Concerns
The Bank of Japan (BOJ) is hinting at a more aggressive quantitative tightening plan for July, potentially coupled with an interest rate hike. This move marks a significant step back from the central bank’s longstanding monetary stimulus policy. Recent hawkish signals from the BOJ reflect growing pressure to address renewed yen weakness, which could push […]