Canopy Growth Sees Shareholders Approve Canopy USA Strategy, To Begin Acquiring US Assets
Canopy Growth (TSX: WEED) is one step closer to establishing a US-based multi state operator following the receipt of shareholder approval to rearrange its capital structure. Shareholders have voted to approve the creation of a new class of exchangeable share of the company, which will enable the creation of Canopy USA, the vehicle that the […]
Microsoft Is Testing Ad Placements on the Windows 11 Start Menu
Microsoft (Nasdaq: MSFT) has started testing ads within the Start menu of its operating system. The software giant is now displaying app promotions from the Microsoft Store in the “Recommended” section of the Start menu for Windows Insiders in the Beta Channel in the US. While these ads are enabled by default, beta testers have […]
Boosting Titanium Production Amid Heightened Reliance On Russia, China Supply
In a review of Russian export data, it has been revealed that Western firms have made substantial purchases of titanium metal from Russian sources, highlighting a concerning reliance on Russia for critical materials.
Is China Squeezing The Gold Market?
In response to recent trading price risks, the Shanghai Futures Exchange (SHFE) has implemented transaction limits on gold and copper futures, effective immediately. The move aims to regulate speculation and stabilize market conditions amid increasing volatility. The daily opening position limit has been capped at 2,800 lots for gold futures and 2,000 lots for copper […]
Is Mining Reform Finally Ending In Mexico?
Recent reforms spearheaded by Mexico’s President, Andrés Manuel Lopez Obrador (AMLO), are driving investors away, with industry insiders labeling the new regulations as unworkable. As anticipation mounts for a pivotal Supreme Court ruling that could potentially overturn these reforms, the mining industry finds itself at a critical juncture. Introduced last May, the reforms mandate pre-consultation […]
US Federal Reserve Refuses To Say How Much Foreign Gold It Has In Its Holdings
The Federal Reserve has declined to provide transparency regarding its foreign gold holdings, even in the face of a direct inquiry from a sitting congressman and a Freedom of Information Act (FOIA) request, according to a report from Money Metals Exchange. The issue first came to light when Congressman Alex Mooney, R-W.Va., asked Federal Reserve […]
Iran Launches Drone Attack Against Israel, Cruise Missiles Expected To Follow
Iran has reportedly launched a series of drone attacks aimed at Israel, marking a significant escalation in tensions between the two nations. This attack comes as a direct response from Iran following the death of key members of its Islamic Revolutionary Guard Corps in Syria, attributed to an Israeli airstrike. The drones, launched from Iran, […]
Russia Shut Out From Metals Exchanges Under New Sanctions On Aluminum, Copper, Nickel
The US government on Friday introduced fresh sanctions on Russia in an effort to cut its revenue streams. The US Department of the Treasury, in line with similar actions from the United Kingdom, has blocked the import of certain metals into the US while limiting their use on global metal exchanges and trading desks. Metals […]
New Crypto Bill Aims to Apply Bank Secrecy Act Rules to Digital Asset Firms
Senators Thom Tillis (R-NC) and Bill Hagerty (R-TN), both members of the Senate Banking, Housing, and Urban Affairs Committee, have released a discussion draft of the Ensuring Necessary Financial Oversight and Reporting of Cryptocurrency Ecosystems (ENFORCE) Act. The proposed legislation aims to strengthen anti-money laundering (AML) and Bank Secrecy Act (BSA) requirements for centralized and […]
Fidelity Demands 15% Of ETF Fund Revenue To Cover Investor Trading Fees
Fidelity has announced plans to implement a new fee structure for exchange-traded fund (ETF) trades. Starting in June, Fidelity will charge investors a $100 fee for any ETF trades valued at $2,000 or more. For trades of $2,000 or less, the fee will be 5% of the trade value. This new fee structure represents a […]