Volkswagen Mulls First-Ever Factory Closures in Germany

Volkswagen Group (ETR: VOW3), Europe’s largest automaker, is contemplating the closure of factories in Germany for the first time in its history. The company informed its works council on Monday that it is considering shutting down “at least one larger vehicle manufacturing plant and one component factory in Germany” as part of a cost-saving initiative […]

Lumina Gold’s Flagship: Cangrejos’ $2.2B NPV at $1,650 Gold, 26 Year Mine Life

In this interview, Marshall Koval, CEO of Lumina Gold Corp. (TSXV: LUM), provides insights into the company’s Cangrejos gold project in Ecuador and the broader gold market. Koval is bullish on gold, predicting potential price increases and Fed rate cuts. Koval outlines Lumina’s progress on their feasibility study, due in early 2025, highlighting the project’s […]

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FAA to Revise Environmental Assessment for SpaceX’s Boca Chica Launch Site

The Federal Aviation Administration (FAA) has announced plans to issue a revised Draft Tiered Environmental Assessment for SpaceX‘s proposed expansion of Starship/Super Heavy launch operations at the Boca Chica Launch Site in Texas. This revision comes as SpaceX seeks to increase the frequency of launches and landings at the site, prompting a thorough review of […]

CPP Investments to Spend Up to $430 Million On Luxurious New Toronto Office

The Canada Pension Plan’s investment arm, CPP Investments, is set to relocate its offices to a high-end development in downtown Toronto.  According to the Toronto Star, the move could cost between $300 million and $430 million over a decade. This decision has raised concerns about the use of pension fund returns and transparency in the […]

Chase Bank Viral ‘Glitch’ Leads to A Massive Number of People … Committing Fraud

A recent system error at Chase Bank has led to a short-lived social media trend, with users claiming to exploit a “glitch” that allowed them to withdraw large sums of money without sufficient funds. The incident, which quickly went viral on platforms like TikTok and Twitter, has raised concerns about banking security and the spread […]

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Billionaires Offer Solutions to Fix Unrealized Gains Loophole

In recent years, the debate over taxing the ultra-wealthy has intensified, with a particular focus on unrealized capital gains—profits that exist on paper, yet haven’t been cashed out. Unrealized gains typically escape taxation until the asset is sold, allowing the wealthy to defer their tax obligations indefinitely. However, a growing chorus of voices, including billionaires […]

FTC Starts Targeting Car Dealerships in Payment Packing Lawsuit

The Federal Trade Commission has taken significant legal action against three Texas car dealerships owned by Asbury Automotive Group, one of the largest automotive retailers in the United States. The dealerships—David McDavid Ford in Fort Worth, David McDavid Honda in Frisco, and David McDavid Honda in Irving—are at the center of a lawsuit that accuses […]