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23andMe’s Financial Freefall Sparks Fears Over Genetic Data Security

23andMe (NASDAQ: ME), which gained fame for providing consumers with insights into their ancestry and genetic makeup, is now on the brink of collapse. With a valuation that has plummeted 99% from its $6 billion peak after going public in 2021, and shares now worth mere pennies, the company faces a grim future. Amidst financial […]

Is The Condo Market On The Verge Of A Price Collapse?

The condominium apartment market in major Canadian cities like Toronto and Vancouver is experiencing significant challenges, according to recent data from the Canadian Housing Statistics Program. Despite high prices remaining near pandemic-era peaks, sales volumes have dropped, and inventory levels are rising. In Toronto, the average condo apartment selling price in Q2 2024 was $729,005, […]

Canada’s Economy Falls Behind as US Surges Ahead

Recent economic data has revealed a growing disparity between the economies of Canada and the United States, two nations long known for their close economic ties. Despite a history of parallel growth, the past few years have seen a significant divergence, with Canada’s economy lagging behind its southern neighbor. According to a forecast by the […]

Arht Media Latest Small Cap Firm To File For Bankruptcy

Bankruptcies continue to hit the Canadian small cap landscape. The latest firm to wave the white flag is Arht Media (TSXV: ART), whom this morning indicated it had made a filing under the Bankruptcy and Insolvency Act. MNP Ltd has been appointed as the firms licensed insolvency trustee, while all employees and contractors have been […]

James Bay Resources Attempts To Sue Wynn Resorts After Investing In A Conman

In what is perhaps the most bizarre news in the junior mining sector this week, James Bay Resources (CSE: JBR) has filed a statement of claim against Wynn Resorts in an attempt to recover lost funds following an investment in a third party. The filing follows the company making an investment in businesses operated by […]

Coeur Mining To Acquire SilverCrest For $1.7 Billion

There’s another major merger set to occur in the silver mining market. Coeur Mining (NYSE: CDE) this morning announced it has entered into an agreement to acquire SilverCrest Metals (TSX: SIL) in an all-stock transaction. The transaction will see SilverCrest shareholders receive 1.6022 Coeur common shares for each share of SilverCrest held, implying consideration of […]

Heritage Minister Set to Unveil CBC Modernization Plan and Maybe A New CEO

The Canadian government is set to announce significant changes to CBC/Radio-Canada’s mandate in the coming weeks, according to CBC News which cited a senior government official. Heritage Minister Pascale St-Onge is expected to reveal legislative and regulatory updates aimed at modernizing the public broadcaster to better adapt to the evolving media landscape. The announcement, anticipated […]

Are We On Our Way to $40 Silver? Prices Surge 34% YTD

As gold continues to break records, silver is quietly outpacing its more famous counterpart, with prices surging 34% year-to-date. This impressive rally has caught the attention of analysts, including Citi Research, who are increasingly bullish on silver’s prospects. Specifically, Citi Research called for US$35 an ounce silver by the end of 2024, and US$38-40 silver […]

X-Ray Vision Is Here … And It’s More Disturbing Than You Think

Two Harvard students have transformed Meta‘s (Nasdaq: META) Ray-Ban smart glasses into a device that can identify strangers and access their personal information, sparking serious privacy concerns. AnhPhu Nguyen and Caine Ardayfio’s project, dubbed I-XRAY, combines facial recognition technology with public databases to quickly compile details about individuals in view. The students linked Meta’s Ray-Ban […]

Russia Plans to Maintain Precious Metals Spending, Resume Palladium Purchases

The Russian Finance Ministry has unveiled plans to invest 51.5 billion rubles (approximately $538 million) annually in strategic metals and gemstones through 2027. This decision, part of a draft federal budget, marks a significant shift in Russia’s economic strategy. Of particular note is the reintroduction of palladium to the government’s purchasing list. This rare metal, […]