LME To Remove 10% Of Brands Over Responsible Sourcing
The London Metal Exchange (LME) has announced plans to suspend or delist 10% of its listed metals brands in the coming months until their producers provide responsible sourcing reports. The initiative, part of the LME’s 2019 campaign to clean up global metal trade chains, aims to eliminate metals tainted by child labor, corruption, or conflict […]
Sabrina Maddeaux Announces Candidacy for Conservatives: “Trudeau Abandoned My Generation”
Former Postmedia columnist Sabrina Maddeaux has officially thrown her hat into the political ring, announcing her candidacy for the Conservative Party in the upcoming federal election. Maddeaux, known for her sharp analysis and critical perspectives on political and economic issues, aims to represent the Aurora–Oak Ridges–Richmond Hill riding. Addressing her decision, Maddeaux highlighted the pressing […]
Coming Soon: AI That Can Self-Replicate
If reading news about artificial intelligence makes you feel like humanity is inching closer and closer to singularity, you’re not alone. This week in AI: AI tools that can build versions of themselves, i.e. self-replicate, according to a report on Tom’s Guide. Researchers from top universities and the AI model company AIZip have unveiled a […]
Volcanic Eruption Resumes on Iceland’s Reykjanes Peninsula, Lava Flows Enter Town and Swallows Entire Houses
After a four-week lull, a volcano on Iceland’s Reykjanes Peninsula has roared back to life, triggering a series of earthquakes and opening new fissures near the town of Grindavík, according to the Icelandic Met Office (IMO) on Sunday. Like the earlier eruption, this one was preceded by a series of earthquakes that began around 3 […]
Grayscale Is Losing the ETF Game, Transfers $800 Million More to Coinbase
In the initial days of trading as an ETF, Grayscale Bitcoin Trust (GBTC) has witnessed a substantial outflow of funds, with investors withdrawing approximately $579 million, as reported by Bloomberg on Tuesday. This comes in sharp contrast to the positive trend observed in the other nine spot Bitcoin ETFs, which collectively attracted nearly $819 million. […]
Loblaws Wants In Cannabis, Urges Ford Government to Revise Retail Regulation
With a bid to enter the expanding cannabis market in Ontario, grocery giant Loblaw (TSX: L) has been actively pushing the Ford government to reconsider existing regulations, according to internal government documents obtained by Global News. The documents reveal that Loblaws engaged in discussions with Ford government officials, including the Attorney General’s office, to advocate […]
Albemarle Unveils Cost-Cutting Measures, Including Job Cuts, Amid Plummeting Lithium Prices
Albemarle (NYSE: ALB) announced a strategic plan on Wednesday to trim expenses as the world faces a surplus in the global supply of lithium. The move includes job cuts, a reduction in capital spending, and a postponement of a major lithium refining project in the United States, all aimed at addressing the impact of falling […]
Holey Spirit: Blocked Merger, Falling Shares, Potential Bankruptcy Poking Holes In Spirit Airlines
In a major setback for Spirit Airlines (NYSE: SAVE), its stock plummeted by 47% following a federal judge’s decision to block the planned $3.8 billion merger with JetBlue (NASDAQ: JBLU) on antitrust grounds. This ruling has led to a sharp decline in Spirit Airlines’ market capitalization, hitting an all-time low of just $600 million. The […]
OpenAI Is Now Working With Pentagon, Removes Policy Prohibition Of Using AI In Military And Warfare
OpenAI has announced a collaboration with the Pentagon on various software projects, with a focus on cybersecurity capabilities, a significant departure from its previous stance. The company’s vice president of global affairs, Anna Makanju, disclosed this information at the World Economic Forum, stating that OpenAI is actively engaged with the U.S. Defense Department on open-source […]
FAA To Investigate Boeing Manufacturing Processes Following Fuselage Blowout
Problems continue for Boeing (NYSE: BA) following an incident with Alaska Airlines earlier this month where a Boeing 737 Max 9 saw part of its fuselage blow out midflight. The Federal Aviation Administration this morning his disclosed that it will be investigating the manufacturing processes and production lines of Boeing, as well as those of […]