Sam Altman’s SMR Company Signs Deal with Data Center Giant Equinix
Data center colocation giant Equinix (Nasdaq: EQIX) has signed a pre-agreement with Sam Altman-backed small modular reactor (SMR) firm Oklo to procure up to 500 megawatts (MW) of nuclear energy. This deal marks the first time a data center company has entered into an agreement with an SMR provider. Oklo’s innovative fast fission reactors can […]
Bulk Snacks to Bullion: Costco Rakes in Millions Selling Gold Bars and Silver Coins
Costco (NASDAQ: COST) is striking gold with its latest venture into precious metals. According to a recent equity research note from Wells Fargo, the company is generating between $100 million to $200 million each month through the sale of gold bars, marking a significant expansion in its revenue streams. Since last October, Costco has been […]
CleanTech Lithium Plummets After Suspending CEO Who Loaned Out His Shares
CleanTech Lithium PLC, an exploration and development firm focusing on lithium projects in Chile, has announced the suspension of its CEO, Aldo Boitano, pending an investigation into recent share transfers. The company disclosed that Boitano entered into a loan agreement with a financial institution on August 16, 2023, wherein he provided security over his ordinary […]
Norfolk Southern to Pay $600 Million to Settle Ohio Derailment Lawsuits
Over a year after a Norfolk Southern (NYSE: NSC) freight train derailment caused a major chemical spill in East Palestine, Ohio, the rail company has agreed to a $600 million settlement to resolve related class action lawsuits. The settlement, announced on Tuesday, April 9, will compensate residents and businesses within a 20-mile radius of the […]
Bank of Canada Maintains Target Rate At 5.00% At April Meeting
The Bank of Canada has maintained its target for the overnight rate at 5%. Despite maintaining the Bank Rate at 5¼% and the deposit rate at 5%, the Bank is actively pursuing a strategy of quantitative tightening. The Bank commented that globally, the economic outlook appears moderately optimistic, with expected growth rates of around 3%. […]
Revival Gold To Acquire Private ExploreCo Ensign Minerals For $23.0 Million In Shares
Revival Gold (TSXV: RVG) is set to turn its focus to Utah, announcing this morning that it has agreed to acquire Ensign Minerals, a private company with a focus on its Mercur Gold project in the state. The transaction will see Revival issue 61.4 million shares to acquire the company, which ascribes a valuation of […]
US Inflation Jumps By 0.4 In March, CPI Up 3.5% Over Last Twelve Months
The U.S. Bureau of Labor Statistics reported that the Consumer Price Index for All Urban Consumers (CPI-U) saw a 0.4 percent rise in March on a seasonally adjusted basis, mirroring the increase observed in February. Over the past year, there’s been a 3.5 percent climb in the all-items index before seasonal adjustment, underscoring persistent inflationary […]
Japan’s Utilities Warn New Nuclear Plants Needed to Meet 2050 Net Zero Goal
Japan’s electricity utilities have indicated that the country will need to build new nuclear power plants to meet its 2050 net-zero emissions goal. Toshiharu Sasaki, the vice chairman of the Federation of Electric Power Companies of Japan, said at the Japan Atomic Industrial Forum in Tokyo that at least some of the reactors scheduled to […]
Celsius Victims Urged to Share Stories as Alex Mashinsky Fraud Trial Looms
As the fraud trial of Alex Mashinsky, cofounder and former CEO of the now-defunct cryptocurrency lending platform Celsius, approaches in January 2025, the court is now accepting victim impact statements from those affected by his alleged crimes. Mashinsky, once hailed as a cryptocurrency visionary, is accused of orchestrating a multimillion-dollar fraud scheme that resulted in […]
China’s IM Motors Unveils L6 Sedan with Solid-State Battery Option
IM Motors has officially opened pre-orders for its latest all-electric model, the L6 Sedan. The automaker, a joint venture between SAIC Motor (SHA: 600104) and Alibaba (HKG: 9988), is touting the L6’s impressive specifications, including a range of over 1,000 km (620 miles) and the use of semi-solid-state battery technology. The L6 will be offered […]