Albemarle Walks From Multi-billion Acquisition Of Liontown Resources
Albemarle (NYSE: ALB), a major lithium producer, has walked away from a deal that would have seen it acquire Australia-based Liontown Resources in a A$6.6 billion transaction. In a release issued earlier today, Albemarle indicated that it had “formally withdrawn its non-binding offer,” which comes as nears the end of its exclusive due diligence process […]
Taylor Swift’s Eras Tour Film Brings In $95 – $97 Million In Opening Weekend
Taylor Swift’s concert movie, “Taylor Swift: The Eras Tour”, has secured its place as one of the highest-grossing concert films ever. In its opening weekend, it outshone concert films from icons like Justin Bieber and the late Michael Jackson, raking in between $95 million to $97 million in US and Canadian theaters. AMC Entertainment Holdings […]
SpaceX Refutes FAA’s Concerns on Starlink’s Deadly Ground Risks
SpaceX is contesting a recent report by the Federal Aviation Administration (FAA) that projects significant risks posed by the company’s Starlink satellite constellation to people on Earth. The FAA, responsible for licensing the launch and reentry of commercial spacecraft, conveyed its findings to Congress members on October 5. The 35 page report paints a troubling […]
Ferrari Begins To Accept Crypto In US As Payment
Ferrari, the Italian luxury sports car manufacturer, has initiated accepting cryptocurrency as payment in the U.S., a move that is set to extend to Europe due to increasing demand from affluent customers. This announcement contrasts with the stance of most blue-chip firms that have largely avoided crypto due to its volatility and concerns over its […]
France and Mongolia Strike $1.7 Billion Uranium Mining Deal
France has secured a significant alternative uranium source after signing a $1.7 billion deal with Mongolia, as announced by Orano’s chairman. This monumental agreement was reached during Mongolian President Ukhnaagiin Khurelsukh’s visit to Paris, and the endeavor is expected to cater to 4% of the global uranium demand. The agreement will enable Orano to develop […]
Lucid Motors Investors Feel The Pressure As Q3 Delivery Data Delayed
Both company-specific and electric vehicle industry developments continue to weigh on Lucid Group, Inc. (NASDAQ: LCID) shares. The stock price has declined to just above US$5 per share which is a key price level for any stock. Breaching the US$5 level can have significant negative implications for a publicly traded stock. First, Rivian Automotive, Inc.’s (NASDAQ: RIVN) October 4th announcement that it […]
Quebec Doubles Tuition Rates for Non-Francophone Students
In a bold move aimed at curbing the influence of the English language on Montreal streets, Quebec is set to nearly double the tuition fees for out-of-province students attending its English universities. With the new rate pegged at approximately $17,000 per year, up from the current $8,992, the province anticipates a dip in enrolment at […]
National Home Sales Dip, Listings Surge in September 2023: CREA Report
The Canadian Real Estate Association (CREA) today unveiled statistics that highlight a declining trend in national home sales for September 2023. This marks the third consecutive month of a decrease in home sales, which fell by 1.9% month-over-month. However, this drop was only approximately half as large as the decline seen in August. Despite this […]
Air Canada Sued By Brinks Over $20 Million Gold Heist
Brink’s is suing Air Canada for nearly $20 million over an alleged theft of gold bars and cash. The theft took place at Toronto’s Pearson airport, where the airline is alleged to have allowed an unidentified individual to abscond with the cargo. Court documents reveal that on April 14th, Brink’s was hired by two Swiss […]
Adani Group Caught Overinflating Coal Prices
The Adani Group, a powerful conglomerate with deep political connections in India, has come under scrutiny for its coal import practices, which appear to involve overpriced transactions. A comprehensive review of customs records by the Financial Times reveals that the group may have imported billions of dollars worth of coal at prices significantly higher than […]