Google Announces $100 Million Distribution to Canadian News Companies
Google has officially announced its selection of the Canadian Journalism Collective (CJC) to distribute the $100 million it has pledged annually to Canadian news companies. This agreement is part of Google’s compliance with the Online News Act, which mandates tech giants to establish financial agreements with news publishers. The CJC, a federally incorporated non-profit organization […]
Global Reserve Managers Flock to US Dollar, Yuan Demand Stalls: OMFIF Survey
The Official Monetary and Financial Institutions Forum (OMFIF) this week released a survey that revealed a sharp shift in the preferences of global reserve managers. The survey, which included responses from 73 central bank reserve managers, found that a net 18% of respondents plan to increase their exposure to the US dollar in the next […]
Ethics Commissioner Probes Canada’s Employment Minister’s Alleged Conflict of Interest
The federal Ethics Commissioner, Konrad von Finckenstein, has announced a deeper investigation into private text messages sent in 2022 by an enigmatic “Randy,” raising concerns about Employment Minister Randy Boissonnault’s connections with a former business partner more than a year after Boissonnault’s appointment to the federal cabinet. This follows the emergence of text messages and […]
Dr Pepper Challenges Pepsi for Second Place in America’s Soda Market
Dr Pepper has emerged as a serious contender in the battle for dominance in the American soda market challenging Pepsi’s long-held second-place position behind Coca-Cola. According to recent market share data from Beverage Digest, Dr Pepper tied with Pepsi for the runner-up spot in 2023, each capturing 8.3% of the market by volume, with Dr […]
FDA Panel Rejects MDMA for PTSD Amid Safety and Methodology Concerns In The Trials
An FDA advisory panel has recommended against approving MDMA for PTSD treatment, citing significant concerns about the safety and methodological integrity of the supporting trials. Despite promising results from two Phase 3 trials by Lykos Therapeutics, the panel voted 9-2 against the drug’s efficacy and 10-1 against the benefits outweighing the risks. The panel’s decision […]
Dozens of Boeing Employees Join Fight for Better Safety Measures Despite Whistleblower Deaths
Despite the recent deaths of two whistleblowers, roughly 50 current and former Boeing (NYSE: BA) employees have joined forces to demand improved safety standards for the embattled aircraft manufacturer, according to a report from The Independent. The employees, represented by lawyer Brian Knowles, maintain that their goal is not to “bring down” the company but to […]
Latest Memecoin Scam: Hulk Hogan and $HULK
Famed wrestler Hulk Hogan’s social media account was just used to promote a new cryptocurrency called $HULK, part of a growing trend where celebrities’ online platforms are hijacked to endorse various memecoins. Multiple posts appeared on Hogan’s verified X account and his official website, claiming that the wrestling legend was endorsing $HULK, a new memecoin. […]
Gold Falls Nearly 3% Following China’s Central Bank Failing To Add To Reserves In May
China’s central bank has stopped its buying spree of gold. The People’s Bank of China has indicated that its bullion holdings are unchanged as of the end of May, signaling the end of what was an 18 month long buying spree of the yellow metal. The People’s Bank had been aggressively acquiring gold since November […]
Canada’s Unemployment Rate Grows To 6.2% As Full Time Jobs Tumble In May
The Canadian job market showed signs of cooling in May as unemployment ticked higher and employment was little changed. The unemployment rate rose to 6.2% from 6.1% in April, Statistics Canada reported Friday. The number of unemployed people increased by 28,000 to 1.4 million, a jump of 2.1% on a month over month basis. Three […]
Nevada Copper Sees Mercuria Holdings Nominee Step Down From Board As Bankruptcy Nears
Nevada Copper (TSX: NCU) has seen the resignation of another director from its board of directors as of this morning. The departure follows the revelation yesterday that the company is likely headed for creditor protection. The latest director to make their exit is Guillaume de Dardel. The departure is notable, considering de Dardel was the […]