Paramount Global Declines $27 Billion Acquisition Bid from Apollo Global Management
Paramount Global (NASDAQ: PARA), the media conglomerate behind Paramount Pictures, CBS, and various cable networks, has rebuffed a substantial $27 billion acquisition offer from private-equity firm Apollo Global Management. Sources close to the bid revealed that despite the lucrative proposal, Paramount’s board special committee tasked with evaluating merger and acquisition opportunities opted not to engage […]
“Let’s Make Money”: Zack Morris Is Back As DOJ Files An Appeal
Less than a month after the criminal case against social media personalities led by Zack Morris has been dismissed without prejudice by the United States District Court, the Department of Justice has filed an appeal which comes after the Court also denied the government’s motion to request a stay on the dismissal order. The court […]
Guinea Aims To Move Toward Local Processing Of Bauxite
Guinea, renowned for its bauxite exports, is working towards local processing of the ore. Prime Minister Amadou Oury Bah announced the imperative for local processing, marking a strategic shift for the West African nation. The comment suggests an export ban may be coming on the matter, however when, or if, changes will be implemented remain […]
Elevation Gold Shares Plummet On Royalty Payment Halt
Elevation Gold Mining (TSXV: ELVT) has announced its decision to halt royalty payments to holders at its Moss Mine, citing operational difficulties in its first-quarter report ending March 31, 2024. The company disclosed its operational results for the first quarter, revealing production of 6,303 ounces of gold from 654,354 ore tonnes processed, with an average […]
Canadian Government Announces $1.5 Billion Rental Protection Fund to ‘Preserve’ Affordable Housing
In a major move to address the country’s housing affordability crisis, the Canadian federal government has announced the launch of a new $1.5 billion “Canada Rental Protection Fund.” Prime Minister Justin Trudeau announced on Thursday, describing it as a crucial step to preserve affordable rent prices across the country. The fund will provide $1 billion […]
Canada’s Housing Market Outlook: Prices to Match 2022 Peaks, Reach New Highs by 2026
The Canada Mortgage and Housing Corporation (CMHC) has released its latest housing market outlook, predicting that home prices in Canada could reach peak levels seen in early 2022 by next year and continue to climb to new highs by 2026. Despite an increase in rental housing supply expected in 2023, the CMHC forecasts that demand […]
Hut 8 Corp Sees Self-Mining Bitcoin Production Fall 21% In March
Hut 8 Corp (TSX: HUT) fell nearly 10% after the market open this morning following weaker than expected production results for the month of March. The company reported producing just 231 bitcoin for the month. Production was down by just shy of 21% for its self mining operations, falling from 292 bitcoin produced in February. […]
Tokens.com Acquires Company Behind AI Sex Robots
Tokens.com (TSXV: COIN) has decided it needs exposure to artificial intelligence, announcing late yesterday that it has acquired Simulacra Corp, a company focused on the integration of artificial intelligence and humanoid robots. Simulacra has reportedly been in the business of producing “realistic silicone humanoid figures” since 1997, primarily for the entertainment and marketing sectors. The […]
Unemployment Rate Climbs To 6.1% In March For Canada
Canada saw a notable increase in its unemployment rate in March, elevating concerns about the country’s labor market stability. The unemployment rate surged by 0.3 percentage points, reaching 6.1%, a significant climb from the previous year, marking a 1.0 percentage point increase. This upward trend reflects a growing challenge in the labor market, exacerbated by […]
Bird Flu Spreads to Dairy Herds Across Multiple US States
The United States is facing an expanding outbreak of highly pathogenic avian influenza (HPAI), or bird flu, as the virus has now been detected in dairy herds across six states. The US Department of Agriculture (USDA) has confirmed bird flu infections in dairy herds across Texas, Kansas, New Mexico, Ohio, Idaho, and Michigan. The initial […]