North Korean Hypersonic Missile Test Fails, Explodes Midair
North Korea’s latest missile test ended in failure on Wednesday when a suspected hypersonic missile exploded midair shortly after launch. The missile, believed to have been fired from near Pyongyang, reached an altitude of approximately 100 kilometers and traveled over 200 kilometers before detonating east of Wonsa, a coastal city in North Korea. This unsuccessful […]
Rivian Shares Surge as Volkswagen Announces $5 Billion Partnership
German automaker Volkswagen Group (ETR: VOW3) has announced a major investment in US-based EV maker Rivian (Nasdaq: RIVN). The partnership, valued at up to $5 billion, aims to create a joint venture focused on sharing electric vehicle (EV) architecture and software development. The news sent Rivian’s stock soaring by approximately 50% in after-hours trading, potentially […]
Tesla Recalls Nearly 12,000 Cybertrucks Over Safety Concerns
Tesla (NASDAQ: TSLA) has issued two new recalls for its Cybertruck model, marking the third and fourth recalls since the electric pickup was introduced late last year. The latest recalls affect nearly all of the 11,688 Cybertrucks currently on the road. The first recall concerns a piece of black plastic trim along the truck’s angled […]
Skeena Resources Secures $750 Million Financing, Funding Eskay Creek Project Into Production
Skeena Resources Limited (TSX: SKE) has announced a major milestone in the advancement of its Eskay Creek Gold-Silver Project, securing a comprehensive financing package totaling US$750 million (over C$1 billion) from Orion Resource Partners. This funding is crucial for the development, construction, and working capital required to push the 100%-owned Eskay Creek Project toward production […]
Sponsored · Cambria Gold Mines
Taiga Motors CFO Eric Bussières to Depart, Firm’s Shares Jump
Taiga Motors Corporation (TSX: TAIG) announced today that Chief Financial Officer Eric Bussières will leave the company to pursue an opportunity outside the powersports industry. His successor will be named at a later date. Bussières will remain with Taiga until July 12 to ensure a smooth transition with the company’s finance and accounting team. “I […]
Former Apple Employee’s Revelations On Hazardous Waste Violations Lead to Major EPA Investigation
The U.S. Environmental Protection Agency (EPA) has identified at least 19 potential violations of the Resource Conservation and Recovery Act (RCRA) at Apple Inc.’s (NASDAQ: AAPL) semiconductor fabrication facility in Santa Clara, California. This comes after a series of inspections in August 2023 and January 2024, prompted by a public tip and complaint from former […]
Consumer Prices Rose Unexpectedly By 2.9% in May, Dampening Hopes for July Rate Cut
Consumer prices in Canada took an unexpected turn and rose in May, data from Statistics Canada showed on Tuesday, reversing a trend of almost consistent cooling since the start of the year. This development has forced markets to trim hopes of a rate cut by the Bank of Canada (BoC) in July to below 50%. […]
Silver Deficit Set to Widen in 2024 Amid Strong Industrial Demand
The global silver market is poised for a significant deficit increase in 2024, according to recent projections by the Silver Institute. The industry association forecasts a 17% rise in the deficit, reaching 215.3 million ounces. This escalation is primarily driven by a 2% growth in demand, particularly from industrial sectors, while total supply is expected […]
Sponsored · Selkirk Copper Mines
Boston Pizza Honors Pizza Pledge After Oilers’ Defeat
Edmonton-based Boston Pizza is following through on its promise to give away free pizzas, despite the Oilers’ loss in Game 7 of the Stanley Cup Finals. The restaurant chain had initially pledged to distribute 30,000 pizzas if Edmonton ended Canada’s 30-year Stanley Cup drought. However, after the Oilers’ narrow 2-1 defeat to the Florida Panthers, […]
Liberals Lost A “Guaranteed” Seat In Toronto-St. Paul’s Byelection
In a blow to Liberal’s election prospects, the Conservative Party secured a significant victory in the Toronto-St. Paul’s byelection held on June 24, 2024. Conservative candidate Don Stewart narrowly defeated Liberal contender Leslie Church by a margin of 590 votes, marking a historic win in a riding that has been a Liberal stronghold for over […]