Elon Musk’s Starlink Is Starting To Lose Subsidies
The U.S. Federal Communications Commission (FCC) has upheld its 2022 decision to reject SpaceX’s satellite internet unit, Starlink, from receiving $885.5 million in rural broadband subsidies. The decision, reaffirmed on Tuesday, was grounded in Starlink’s alleged failure to meet essential program requirements and an inability to demonstrate the capacity to deliver the promised service, following […]
El Salvador’s Nayib Bukele Seeks Reelection Despite Constitution Banning It
El Salvador’s political landscape is stirring with controversy as President Nayib Bukele, despite constitutional constraints, gears up for a re-election bid. Bukele’s decision to run again has triggered concerns about democratic backsliding in the country, given the constitutional prohibition against presidents serving consecutive terms. According to El Salvador’s constitution, Article 88 emphasizes the importance of […]
Core Assets Identifies Two Large Porphyry Targets At Silver Lime Project
Core Assets (CSE: CC) is reporting that it has identified two large deep-seat porphyry targets at the Pete’s-Sulphide City-Gally Trend, a part of its Silver Lime project at the Blue Property in British Columbia.
Empire Continues To Grow Margins Despite Food Inflation
Empire Company (TSX: EMP.A) this morning reported net earnings of $181.1 million for its fiscal second quarter of 2024, a decline from $189.9 million in the prior year. The results amount to earnings of $0.72 per share. Sales for the quarter, which amount to the 13 weeks ended November 4, 2023, amounted to $7.75 billion, […]
LNG Energy Sees New Well Test At Up To 2.5 MMcf/d Of Gas, 80 bbl/d Oil
FULL DISCLOSURE: This is sponsored content for LNG Energy Group. LNG Energy Group (TSXV: LNGE) is reporting success in the drilling of the Bullerengue Oeste-5, or BO-5, within the Sinu San Jacinto Norte 1 block. Initial production tests are currently underway following the successful drilling of the well. The well, spud on October 1, reached […]
Pembina Pipeline to Acquire Certain Enbridge Assets for $3.1 Billion
Pembina Pipeline (TSX: PPL) has announced a significant agreement with Enbridge Inc. (TSX: ENB) to acquire Enbridge’s interests in the Alliance, Aux Sable, and NRGreen joint ventures for an aggregate purchase price of approximately $3.1 billion, including assumed debt. The move aligns with Pembina’s strategic goals, enhancing its market position and increasing exposure to lighter […]
Turkish Minister Suffers Heart Attack While Condemning Israel
Turkish Member of Parliament Hasan Bitmez collapsed during a session at the Grand Assembly of the Turkish National Assembly on Tuesday, suffering an apparent heart attack. The incident occurred while Bitmez, a member of the Felicity (Saadet) Party, was condemning Israel’s attacks on Gaza. The 54-year-old politician proclaimed, “You will not escape the wrath of […]
Disgraced George Santos Accuses Fellow Representative of Insider Trading
Controversial politician George Santos unleashed a barrage of accusations against fellow New York Republican Representative Nicole Malliotakis last Sunday. Speaking on CBS News’s The Point With Marcia Kramer, Santos claimed that Malliotakis utilized classified information from congressional briefings to profit from stock market transactions. “She receives classified briefings as a member of the Ways and […]
Trudeau Gets Push Back After Calling for Ceasefire In Israel-Hamas War
Prime Minister Justin Trudeau is facing backlash for Canada’s vote at the United Nations General Assembly, calling for a ceasefire in the ongoing Israel-Hamas conflict. The move has ignited criticism, with some accusing Canada of displaying a hypocritical foreign policy stance. The controversy stems from Canada’s initial statement, which outlined conditions for a ceasefire, including […]
The Arena Group CEO Ousted Following Sports Illustrated AI Scandal
The CEO of The Arena Group (NYSE: AREN), Ross Levinsohn, has been ousted from his position just weeks after Sports Illustrated, a publication under the group’s umbrella, faced allegations of publishing articles generated by artificial intelligence. The Arena Group announced in a statement that Levinsohn’s termination comes as the company “met and took actions to […]