Business News - Page 9

2025-06-01

MEG Energy Safely Evacuates Non-Essential Personnel from Christina Lake Regional Project Amid Wildfires

CALGARY, AB, May 31, 2025 /CNW/ - MEG Energy Corp. ("MEG" or the "Corporation") (TSX:MEG) provided an update today on operations at its Christina Lake Regional Project (CLRP) production facilities in response to regional wildfires south of CLRP.As a precautionary measure, MEG Energy has proactively evacuated all non-essential personnel, ensuring the safety of our team while maintaining critical operating staff on site. The wildfire caused ...Full story available on Benzinga.com

Gen Z Leads the Way for DIY Projects on ‘Fixer-Upper’ Houses, Survey Finds
2025-06-01

Gen Z Leads the Way for DIY Projects on ‘Fixer-Upper’ Houses, Survey Finds

Gen Z is the most likely to buy older homes needing renovation and struggles the most with the financial burdens of maintaining them.

Concern grows over whether the Hollywood industry can survive in California
2025-06-01

Concern grows over whether the Hollywood industry can survive in California

After peaking in 2021, television production in the greater Los Angeles area fell by 58% in three years.

2025-06-01

ASCO 2025 Oral Presentation: Innovent Biologics Announces Updated Data of IBI363 (First-in-class PD-1/IL-2α -bias Bispecific Antibody Fusion Protein) from Phase 1 and 2 Clinical Studies on Immunotherapy-treated Advanced Malignant Melanoma

SAN FRANCISCO and SUZHOU, China, June 1, 2025 /PRNewswire/ -- Innovent Biologics, Inc (Suzhou) (HKEX: 01801), a world-class biopharmaceutical company that develops, manufactures and commercializes high-quality medicines for the treatment of oncology, cardiovascular and metabolic,...

OPEC+ Hikes Output For Third Time By 411Kbpd, Despite Reservations From Russia
2025-06-01

OPEC+ Hikes Output For Third Time By 411Kbpd, Despite Reservations From Russia

OPEC+ Hikes Output For Third Time By 411Kbpd, Despite Reservations From Russia Following days of frenzied speculation that OPEC+ may go so far as to start another global price war similar to the Saudi armada in March 2020 which eventually sent WTI crude prices to a negative $45, however briefly, today's decision was positively tame: OPEC+ agreed to surge oil output for the third month in a row, despite mounting reservations from key member Russia, doubling down on a historic policy shift that has sent crude prices sinking.According to a statement on the OPEC website, the cartel of oil-exporting nations and several hangers on agreed during a video conference on Saturday to add 411,000 barrels a day to the market in July. The hike matches increases scheduled for May and June, marking a radical reversal from defending prices to actively driving them lower, largely in response to Kazakhstan chronically and unapologetically breaching its quota.“OPEC+ isn’t whispering anymore,” said Jorge Leon, an analyst at Rystad Energy A/S, who previously worked at the OPEC secretariat. “May hinted, June spoke clearly, and July came with a megaphone.”Officials said the supply hikes reflect Saudi desire to punish over-producing members like Kazakhstan and Iraq, recoup market share lost to US shale drillers and other rivals, and satisfy President Donald Trump’s desire for cheaper oil, even if it leads to - well - cheaper oil, and even steeper budget deficits for the country that exports 10 million barrels of oil per day and has an all-in breakeven price around $90.The hikes will offer temporary relief to consumers as the northern hemisphere goes into its peak demand season, while also helping central banks grappling with stubborn inflation. Yet the market impact creates financial peril for oil producers around the world, which could be facing a period of prolonged low prices, followed by much higher prices as producing infrastructure suffers from disuse. What was most notable about this latest production hike is that, according to Bloomberg, several members expressed reservations during Saturday’s meeting about the speed with which OPEC+ was raising production. Russia, Algeria and Oman wanted a pause in the increases, according to delegates.The difference in views between Moscow and Riyadh, the cartel’s two most powerful members, will come back into play on July 6, when they meet again to discuss output levels for August.In April oil briefly tumbled to a four-year low under $60 a barrel after OPEC+ first unexpectedly announced they would bolster output by triple the scheduled amount. The move came even as faltering demand and Trump’s trade war were already crushing the market. This was followed by a second hike announcement one month later, and now a third one.While Brent futures have since recovered to trade near $64 a barrel, the IMF estimates the Saudis need prices above $90 to cover the lavish spending plans of Crown Prince Mohammed bin Salman. The kingdom is contending with a soaring budget deficit, and has been forced to cut investment on flagship projects such as the futuristic city, Neom.However, thanks to earlier Reuters leaks, the markets is likely to take Saturday’s agreement as positive because ahead of today's announcement “there were some concerns of a larger increase,” said Giovanni Staunovo, a commodity analyst at UBS, referring to Reuters reports that OPEC+ was considering even bigger output hikes.Meanwhile, if Riyadh’s strategy is to discipline the cartel’s quota cheats through a “controlled sweating,” it doesn’t seem to be working. Kazakhstan, the most blatant offender, continues to exceed its limits by several hundred thousand barrels a day and has publicly stated that it has no plans to atone. Energy Minister Yerlan Akkenzhenov told reporters on Thursday that the country can neither enforce cutbacks on international corporate partners, or dial back at state-run fields. Which is why we recently speculated that if one or more of its peers wishes to teach Kazakhstan a painful lesson, then the Caspian Sea pipeline which carries most of Kazakh oil exports courtesy of the Caspian Pipeline Consortium, is probably sweating bullets right now.With Kazakhstan chronically abusing its OPEC+ quota, and with 80% of Kazakh oil reaching the world via the CPC pipeline, what are the odds CPC gets Nordstreamed? pic.twitter.com/xgQ0QGlkMJ— zerohedge (@zerohedge) May 23, 2025But while Kazakhstan has so far refused to budge, the price downturn is taking a clear toll in America’s shale oil heartlands, where companies like Diamondback Energy Inc. say production has peaked, despite Trump’s promise the country would “drill, baby, drill” in a new energy boom.With the hike scheduled for July, OPEC+ will be just over halfway through a road map for reviving 2.2 million barrels a day of output it had idled in recent years, a process that was previously planned to last until late 2026 yet which depends largely on how much of a stimulus China will finally unleash. The group will decide in the coming months how quickly to restore the remainder of supplies it’s still withholding from the market.For some analysts, increasing supply is entirely logical. Demand will rise over the next few months in the US as drivers take to the roads for summer vacations, and also in the Middle East, where peak use of air conditioning means some barrels will be consumed domestically.“Fundamentals in the right-here, right-now are strong — inventories are very low,” Amrita Sen, director of research at consultant Energy Aspects Ltd., said in a Bloomberg television interview before the meeting. “It is a good time for OPEC+ to add barrels to the market, so I don’t see why they wouldn’t.”Nonetheless, further price losses may be in store. JPMorgan forecasts that Brent futures will sink into the “high $50s” later this year as the cartel’s hikes contribute to a global supply glut of more than 2 million barrels a day. Tyler DurdenSat, 05/31/2025 - 21:35

Market Review: Stocks Resume Gains on Improving Investor and Consumer Sentiment
2025-06-01

Market Review: Stocks Resume Gains on Improving Investor and Consumer Sentiment

Traders will watch JOLTS, ADP, and non-farm payroll data next week to gauge U.S. labor market health.

2025-06-01

Zeekr Group Announces May 2025 Delivery Update

HANGZHOU, China, June 1, 2025 /PRNewswire/ -- ZEEKR Intelligent Technology Holding Limited ("Zeekr Group" or the "Company") (NYSE:ZK), the world's leading premium new energy vehicle group, today announced its delivery results for May 2025.In May, Zeekr Group delivered a total of 46,538 vehicles across its Zeekr and Lynk & Co brands, reflecting a 15.2% year-over-year growth and 12.6% increase compared to the previous month. This accomplishment was realized thanks to the trust and support of nearly 1.95 million users. In particular, the Zeekr brand delivered 18,908 vehicles, while Lynk & Co delivered 27,630 vehicles.About Zeekr GroupZeekr Group, headquartered in Zhejiang, China, is the world's leading premium new energy vehicle group from Geely Holding Group. With two brands, Lynk ...Full story available on Benzinga.com

A growing number of New Orleans fugitives' friends and family arrested for aiding in jail escape
2025-05-31

A growing number of New Orleans fugitives' friends and family arrested for aiding in jail escape

The 10 men who escaped from a New Orleans jail more than two weeks ago by cutting out a hole behind a toilet received help from at least 15 people, many of them friends and family who provided food, cash,...

2025-05-31

Southwest Floats First Class, Lounges, Long Haul Flying: Good Strategy? - One Mile at a Time

Southwest Floats First Class, Lounges, Long Haul Flying: Good Strategy? One Mile at a TimeSouthwest Airlines CEO Says Boeing is Making Real Improvement Aviation A2ZSouthwest Airlines: Are first-class seats and airport lounges on the horizon? The Points Guy“I’m Totally Making This Up”: CEO of Rudderless Southwest Airlines Floats First Class And Long-Haul Flights View from the WingThis Is How Southwest Airlines Will "Monetize Every Dime Of Value" Of Its Boeing 737 MAX Orders Simple Flying

Methuen attorney loses license to practice law
2025-05-31

Methuen attorney loses license to practice law

METHUEN — A locally based attorney has been indefinitely suspended from practicing law for misusing at least $30,000 in client funds.

2025-05-31

New Minimum Wage In British Columbia Effective June 2025 - INC News

New Minimum Wage In British Columbia Effective June 2025 INC NewsB.C.'s minimum wage is going up: Here's everything you need to know Vancouver SunB.C. minimum wage increases to $17.85 CTV NewsOpinion: The gap between the minimum wage and what workers need to live with dignity Yahoo News CanadaB.C.'s minimum wage increase draws mixed reactions The Chilliwack Progress

2025-05-31

Flight deal experts spot a surprise upcharge: Flying solo - The Washington Post

Flight deal experts spot a surprise upcharge: Flying solo The Washington PostAmerican, Delta and United charging higher rates for solo flight tickets, writer finds CBS NewsMN-based travel website discovers airlines charging more for solo passengers than groups of two kare11.comU.S. Airlines Are Reportedly Charging Solo Travelers More for Plane Tickets—Here’s What You Need to Know YahooAirlines Stop “Punishing” Solo Travelers, And That’s Not Good One Mile at a Time

Movies Without Manipulation
2025-05-31

Movies Without Manipulation

Movies Without Manipulation Authored by Jeffrey A. Tucker via The Epoch Times (emphasis ours),At some point in this century, I began to watch movies with grave trepidation. There is a good chance that somewhere in whatever film, the moment would come when the producer would send some strange political message with a barely guarded attack on some fundamental tenet of bourgeois society. They began eschewing art for hectoring.A poster of the movie “Snow White” (2025). Walt Disney PicturesWe watch movies by choice. We pay to see them mostly. Why should we do this if the point of the movie is to sneakily attack core values and preach some strange woke creed? Stung too many times, I’m far more careful to avoid anything that seems coded with a political purpose in mind. Life is too short.This is why I never bothered to watch the live action version of “Snow White” that came out this year. It was coded left and revisionist even in the promotion. It was met with terrible reviews, and goes down in history as one of the worst film investments ever made by Disney. It could easily have been otherwise.The mystery to me is why Disney could not have known the result from the beginning. Why would this company spend $250 million on a sure loser? To understand, we need to explore the ways in which ideological fanaticism eats away at rationality.Fortunately in our times, anyone can hop over to a free movie site that is ad-supported like Tubi (the third most popular service after Netflix and Amazon Prime) and have thousands of great shows and movies immediately available. It’s not all there but there are true treasures awaiting.I vaguely recall when “On Golden Pond” came out in 1981. It was considered old-fashioned and slightly boring, an attempt to deploy two scions of Hollywood (Henry Fonda and Katharine Hepburn) in their late years toward box office success. The movie then won three Oscars and was a huge triumph. Apparently Fonda and Hepburn had never met before the film but they were just magic together.The beauty of the film is indescribable. It is set at the classic New England lake of a New Hampshire summer cottage at the height of nature’s beauty, revealing the tender relationship of this aging couple. She is an ebullient lover of nature, games, and life, and he is a crabby retired professor with a crusty outer way but beautiful inner soul. The theme of death looms large throughout. I cannot think of a film that more authentically portrays the struggles of aging.Their daughter is played by Jane Fonda at her prime. She arrives with a new boyfriend who is a single father of a boy of 13 who is already jaded and cynical. A relationship forms between the old man and the boy, based on various activities of summer like boating, fishing, and swimming.The father reveals a secret that there is a big trout he calls Walter who has evaded capture for many years. They hunt this fish for weeks, catching many others along the way but not the one they want. As the movie closes, they finally do snag Walter but let him go out of respect for his size, might, and long life.All of which recalls the huge drama of another great book made into several films: “Moby Dick” by Herman Melville. It’s one of the great American novels, oddly dreaded more than thoroughly read. Written in 1851, its tremendous fame is due to its detailed accounting of the whaling industry and culture in a time when whale oil was the resource most in demand for lighting before electricity came along.Captain Ahab puts together a whaling expedition but with a fanatical desire to get the biggest whale of all, the one that caused him to lose a leg. The purpose of the trip is not profits but revenge, which the sailors on the boat knew but had underestimated the power of their captain’s obsession. The journey takes them as far as the South China Sea and ends with a grave lesson about the problem of single-minded obsessions untempered by concern for others and the larger context.The reader or viewer is a fan of the Captain and his genius for as long as possible, truly hoping that he gets his wish. The lesson of the story only comes with the ending of doom, and only in reverse is it obvious that he allowed his obsession to cloud all his judgment.A poster of the movie “On Golden Pond” (1981). IPC Films/Universal PicturesThe search for the fish in “On Golden Pond” is rational and sporting by comparison. Both stories are set in New England and surely the parallels here are not accidental. One shows destructive fanaticism and the other shows a tempered and loving ambition.Both films are what my mentor Murray Rothbard called “movie movies,” meaning that they are deep, exciting, emotionally rich, wonderful and evocative to watch, and barren of hidden and manipulative attempts to browbeat or manipulate the politics of the viewer. Young people today who don’t watch older movies probably do not know the meaning of such things.Murray did not review “On Golden Pond,” so far as I know, but I feel sure that he would have adored the film. Truly, I was taken aback by the innocence of the plot and the comfort that comes with realizing that at no point in the movie would the other shoe drop and we would be presented a lecture on the evils of normal society.That’s true for most movies made in the 20th century before ideology came along to ruin them. We can think of identitarian politics as the equivalent of Captain Ahab’s whale, something the left has pursued with fanatical vigor even to the point of its own self-destruction. I see this operating at the New York Times, in large corporations, and in sectors of government where a single idea has swamped all rationality and even concern for the metrics of profitability.The role of Moby Dick in this case is occupied by a malevolent vision of “white” Christian society—and the values that undergird it—as irredeemably corrupt and worthy only of being destroyed. In the past 10 years, it got so out of hand that a small but powerful coterie of writers tried to change the date of the founding of America and wage a wild war on the president who they believed to represent everything they hated.There is truth to the observation that “Trump Derangement Syndrome” has ruined vast amounts of art, journalism, commentary, and culture. There is plenty with which to disagree in Trump’s first and second term, and nothing wrong at all making that clear. The problem comes with the single-minded obsession that pursues the whale at the expense of everything else.The right approach is the one taken by Henry Fonda toward “Walter” the trout. There is adventure in the hunt. Politics as a normal sport is a great thing. It sharpens skills at observation, argumentation, and rhetoric. Unlike Henry who lets the fish go once it is caught, Trump’s enemies have raised the stakes to the highest-possible level, attempting to jail him and worse.We live in changing times when woke ideology is on the ropes, banned in many sectors of society and defunded according to policy. That said, the apparatus of understanding behind the ideology will long endure in culture, deeply institutionalized in academia, professional societies, and media. It’s true for films too.Good movies might make a comeback—and perhaps that is happening now—but if you are like me, I wait until the reviews are out and eschew anything coded left simply because I don’t want to pay to be insulted. For now, I take recourse in the beauty and luxury of the older movies without the fanaticism that has compromised so much elite culture.Views expressed in this article are opinions of the author and do not necessarily reflect the views of The Epoch Times or ZeroHedge. Tyler DurdenSat, 05/31/2025 - 10:30

Home sales in the Killeen metro area increased again in April
2025-05-31

Home sales in the Killeen metro area increased again in April

The numbers of homes sold in the Killeen metropolitan statistical area increased again in April.

The Black hair industry imports products from China. Here's what tariffs mean for braids and wigs
2025-05-31

The Black hair industry imports products from China. Here's what tariffs mean for braids and wigs

Black women are starting to pay more for their hair care because of the Trump administration’s tariffs on goods imported from China

2025-05-31

AP Business SummaryBrief at 10:46 p.m. EDT

Answering your questions about President Trump's tariffs

2025-05-31

Jaime Carrasco, rising rates signal bond market is breaking — gold is the lifeboat

Markets are on edge as the Fed signals growing uncertainty around the path for interest rates, while borrowing costs continue to climb [...]

Wolves Wreak Havoc On Cattle Herds In California
2025-05-31

Wolves Wreak Havoc On Cattle Herds In California

Wolves Wreak Havoc On Cattle Herds In California Authored by Brad Jones via The Epoch Times (emphasis ours),Descendants of rewilded wolves are taking a heavy toll on cattle in Northern California and Oregon, killing calves and full-grown animals and putting stress on cow-calf operations and ranchers’ pocketbooks.A gray wolf approaches a bull, caught on a game camera in June 2023. Ken Tate, Tina Saitone/UC DavisBecause wolves are listed as an endangered species under state and federal law, ranchers are hamstrung: They can’t shoot or harass these protected predators. The penalty for killing a wolf is steep; federal law carries a maximum sentence of one year in prison and a $100,000 fine, unless a rancher can prove that it was in self-defense.While animal advocacy groups say the wolves are native apex predators that belong in California and other western states, some ranchers argue that there’s nothing natural about wolves’ stalking domestic cattle because there isn’t enough natural prey.“They’re welfare wolves,” Janna Martin Gliatto, an owner at Table Rock Ranch in northern California, said. “We have entitled wolves—multiple generations.”One wolf pack, known as the Whaleback Pack, near her ranch doesn’t seem inclined to hunt elk or deer, she said.Since November 2021, wolves have killed at least 44 head of cattle at the Martin family’s ranch in Siskiyou County, Gliatto told The Epoch Times. Of those confirmed wolf kills, three were adult cows, and the rest were calves.“There’s a handful of people and ranches like us that have been hit really hard,” she said. “I’ve had so much carnage.”The protection of wolves has been a “costly experiment” for ranchers and taxpayers who foot the bill for it, Gliatto said.In 2021, state lawmakers voted to disburse $3 million to the California Department of Fish and Wildlife (CDFW) to develop a pilot program to mitigate the effects of wolves on livestock producers.The resulting Wolf-Livestock Compensation Program was started in 2022, and by March 2024, the funds were exhausted after 109 claims were paid out to livestock producers for wolf depredation in Siskiyou, Lassen, Plumas, and Tulare counties.Gliatto received two years of partial compensation to pay a range rider to patrol the herd at night, “but the funds ran out, so now it’s out-of-pocket,” she said.In 2024, the state appropriated another $600,000 for the CDFW to continue the Wolf-Livestock Compensation Program, but the program no longer subsidizes ranchers for the cost of deterrent efforts such as range riders and is limited to compensation for direct loss only.CDFW spokeswoman Katie Talbot said California’s wolf population is estimated at between 50 and 70 in total. The agency has confirmed that 163 cattle and six sheep have been killed or injured by wolves since 2011, when the first collared wolf from Oregon entered California, Talbot told The Epoch Times in an email.Debbie Bacigalupi (front) and her mother, Donna, tend to a calf at Cold Springs Ranch in Siskiyou County, Calif., in May 2024. The family shares a fence line with Table Rock Ranch and has also lost calves to suspected wolf attacks. John Fredricks/The Epoch TimesShe said that of the initial $3 million Wolf-Livestock Compensation Program fund, more than $2 million was paid out for direct loss and deterrence efforts to ranchers in Siskiyou County, while those in Lassen and Plumas counties received about $490,000 and $476,000, respectively. About $16,000 went to Tulare County. Since October 2024, the average compensation per head was $2,870, Talbot said.Examining ExpensesA recently released study by University of California–Davis professor Tina Saitone, a livestock and rangeland economics specialist, found that one wolf can cause between $69,000 and $162,000 in direct and indirect cattle losses, from outright attacks, lower pregnancy rates in cows, and decreased weight gain in calves.Saitone’s research team used motion-activated field cameras, GPS collars, wolf scat analysis, and cattle tail-hair samples to show how the expanding protected gray wolf population is affecting cattle operations, “leading to millions of dollars in losses,” according to the study.The research showed that during the 2022 and 2023 summer seasons, 72 percent of wolf scat samples from the Lassen Pack—in western Lassen and northern Plumas counties—contained cattle DNA. It also found elevated hair cortisol levels in cattle that ranged in areas with wolves, indicating an increase in stress.Aside from the financial effects, Gliatto said the wolf issue has been emotionally taxing on ranchers who’ve witnessed continual attacks on their herds and “hypocrisy” over what is considered humane treatment of cattle.Ranchers are afraid to brand their cattle because some animal rights groups view the practice as inhumane, but, she said, “you can have a wolf literally tear your animals apart while they’re alive and eat them, and people just turn a blind eye.”According to Gliatto, wolves wouldn’t be thriving in the wild without heavily supplementing their diet with cattle, which, in some cases, is their primary food source.The wolves have created fierce competition at the top of the food chain because there aren’t enough deer and elk to feed them and other predators such as mountain lions, bears, and coyotes, she said.“We have a huge predator bubble,” Gliatto said.CDFW reported that there were seven documented wolf packs in California in 2024, along with evidence of other wolves in the state.A game camera captures a gray wolf from the Lassen pack among a herd of cattle in July 2022. Return of the WolfThe first wolves showed up at Gliatto’s ranch in 2020.A lone male wolf, OR-85, collared in February 2020, left his natal Mount Emily pack near La Grande, Oregon, crossed into California, and found a mate from another pack from southwestern Oregon. The pair formed the Whaleback Pack and have produced 21 pups since 2021, according to CDFW.Tracking showed cluster points of OR-85 near an elk herd on ranchland that the family leased, but the pack doesn’t feed on them, Gliatto said.The elk herd, often spotted at Grass Lake, stopped going there, she said.“They just moved away from the wolves, and the wolves didn’t follow them,” Gliatto said.Instead, she said, the wolves have become habituated to preying on cattle at her family’s ranch, which typically has more than 1,500 head, including cow-calf pairs, and replacement heifers.Table Rock Ranch borders timberland at the forest-edge of a mountain range, so when wolves descend into the valley, her cattle are the first meal they see. Hence, from a wolf’s perspective, it makes no sense to go farther down into the valley, where there are more people and less cover, Gliatto said.Amaroq Weiss, an attorney and the senior West Coast wolf advocate at the Center for Biological Diversity, said some cattle herds are hit harder than others.“You constantly have animals that are vulnerable because they’re not being checked on,” she told The Epoch Times. “They’ve eaten poisonous weeds, they’ve gotten wounded for some reason, they’re having birthing complications. All those things are going to draw wolves in.”Wolves aren’t targeting the closest ranch or the first cattle herd they encounter, and they will often roam through pastures filled with cattle “and just keep on going out the other end of the pasture to hunt wild prey,” Weiss said.The Whaleback Pack, and some others in California, cover immense territories compared with most wolf packs in other western states that have more elk and deer, because “they’re looking for a food source,” she said.Siskiyou County wolf liaison Patrick Griffin, who investigates suspected wolf kills for the U.S. Fish and Wildlife Service, said the 44 confirmed kills at Table Rock Ranch “sounds accurate,” noting that it has been the hardest-hit ranch in the state.More than 80 “confirmed” or “probable” cattle kills have been attributed to the Whaleback Pack, Griffin told The Epoch Times.Read the rest here... Tyler DurdenFri, 05/30/2025 - 22:35

St. Augustine Announces Acquisition of Additional Interest in Kingking Copper Gold Project
2025-05-31

St. Augustine Announces Acquisition of Additional Interest in Kingking Copper Gold Project

Singapore, Singapore--(Newsfile Corp. - May 30, 2025) - St. Augustine Gold and Copper Limited (TSX: SAU) ("St. Augustine" or the "Company") is pleased to announce that it has closed its previously announced (May 20, 2025) agreement with its co-venture partner Nationwide Development Corporation ("Nadecor") to restructure the ownership interests in...

Tesla Status Dropping in China as BYD Rises & Xiaomi Soars
2025-05-31

Tesla Status Dropping in China as BYD Rises & Xiaomi Soars

One of the prime ways Tesla has been able to grow its sales so much over the last decade is through it’s extreme popularity in China. Knowing some Chinese people and a little bit about the culture, my understanding is that Chinese consumers are very brand oriented — even more ... [continued]The post Tesla Status Dropping in China as BYD Rises & Xiaomi Soars appeared first on CleanTechnica.

2025-05-31

Appeals court keeps block on Trump administration's downsizing of the federal workforce

An appeals court is keeping in place a court block on the Trump administration’s downsizing of the federal workforce. The order was issued Friday. The Republican administration had sought an emergency stay of a California judge’s order freezing personnel reductions...

Union Pacific battery-electric hybrid locomotive completes testing
2025-05-31

Union Pacific battery-electric hybrid locomotive completes testing

Union Pacific and partner ZTR said they have completed testing of a hybrid battery-electric locomotive.The post Union Pacific battery-electric hybrid locomotive completes testing appeared first on FreightWaves.

These Are Most Affordable US Cities To Buy A Home In 2025
2025-05-31

These Are Most Affordable US Cities To Buy A Home In 2025

These Are Most Affordable US Cities To Buy A Home In 2025 WalletHub analyzed 300 U.S. cities of varying sizes across ten metrics, including real estate tax rate, cost per square foot, median home price, and median household income. Each metric was scored on a 100-point scale, with 100 indicating the most favorable conditions for home affordability. For this map, only cities with a population over 100,000 were considered.This map, via Visual Capitalist's Bruno Venditti, shows the 20 most affordable U.S. cities to buy a home in 2025, according to data from WalletHub.Detroit Tops the List for Home AffordabilityDetroit leads the list, with a median price per square foot of around $87. The city has faced significant challenges over the decades, including financial crises and the decline of the auto industry, prompting many residents to leave.Today, more than 22% of homes in Detroit are vacant, creating a strong buyer’s market. According to WalletHub, Detroit is also one of the top cities where buying a home offers greater long-term value than renting. The city was also considered the most affordable large American city in 2025, according to another study.Also in the Rust Belt, Pittsburgh, PA, ranks as the second-most affordable city for homebuyers, with a median home price approximately 3.8 times higher than the median household income.Like Detroit, Memphis, TN—ranked third—has also been highlighted as one of the most affordable large cities in the country for working families.If you enjoyed this map, check out this map on Voronoi about the income needed to buy a home in every U.S. state. Tyler DurdenFri, 05/30/2025 - 22:10

2025-05-31

New gold and silver mine officially opens in central B.C. as premier faces backlash for fast-track plans - CBC

New gold and silver mine officially opens in central B.C. as premier faces backlash for fast-track plans CBCBlackwater Mine, Canada's Newest Gold and Silver Mine Officially Open PR Newswire CanadaMinister’s statement on official opening of Blackwater Mine BC Gov News

2025-05-31

$14B in EV, renewable projects scrapped as tax credit fears grow - Electrek

$14B in EV, renewable projects scrapped as tax credit fears grow ElectrekTrump takes aim at the one climate solution Republicans love The Washington PostThe Department of Energy axes $3.7 billion in clean energy project grants CityNews HalifaxUS green energy firms brace for federal funding cuts BBCUS axes 24 clean energy projects, including at Exxon's Baytown Reuters

2025-05-31

Bankrupt retail chain closing dozens more store locations - TheStreet

Bankrupt retail chain closing dozens more store locations TheStreetCVS, Walgreens and Rite Aid are all set to close stores. Hundreds have already shuttered. USA TodayCVS Closing 270 Stores Nationwide: List of Locations Impacted NewsweekCVS to close 10 stores across DC, Maryland & Virginia FOX 5 DCAnother Major Pharmacy Chain to Close Hundreds of Stores parade.com

2025-05-30

Sellers outnumber prospective homebuyers as high prices and mortgage rates skew the housing market - The Seattle Times

Sellers outnumber prospective homebuyers as high prices and mortgage rates skew the housing market The Seattle TimesView Full Coverage on Google News

2025-05-30

Analyst resets Nvidia stock price target after CEO slams U.S. chip policy - TheStreet

Analyst resets Nvidia stock price target after CEO slams U.S. chip policy TheStreetNvidia Stock Slips. Why It Might Be Entering Its ‘Apple Era’. Barron'sNVIDIA Announces Financial Results for First Quarter Fiscal 2026 NVIDIA NewsroomNvidia's loss in China is also a bargaining chip Yahoo FinanceNvidia stands to lose billions, thanks to new Trump policy TheStreet

2025-05-30

Fortress Biotech Announces Closing of Sale of Subsidiary Checkpoint Therapeutics

Fortress will receive ~$28 million shortly after closing and is eligible for an additional contingent value right (CVR) of up to $4.8 million, plus a 2.5% royalty on future net sales of UNLOXCYTTM (cosibelimab-ipdl) Fortress will receive ~$28 million shortly after closing and is eligible for an additional contingent value right (CVR) of up to $4.8 million, plus a 2.5% royalty on future net sales of UNLOXCYTTM (cosibelimab-ipdl)

DNMiner Launches New Short-Term Mining Contracts — Earn Passive Income Daily Starting Now!
2025-05-30

DNMiner Launches New Short-Term Mining Contracts — Earn Passive Income Daily Starting Now!

Bracknell, England, UK, May 30, 2025 (GLOBE NEWSWIRE) -- As digital currencies like Bitcoin continue to gain global momentum, many investors find direct mining or investment challenging due to technical knowledge, expensive equipment, and high energy costs.DNMiner is here to simplify the process by offering a new opportunity: short-term cloud mining contracts that let users earn passive income every day — without any upfront hardware costs or complexity. What Makes DNMiner the Smart Choice Today?$100 Free Credit Line to Begin Effortlessly New users receive a $100 credit upon registration, enabling anyone to start mining immediately without financial risk.Multiple Cryptocurrency Options Besides Bitcoin, users can mine Ethereum, Litecoin, and other major cryptocurrencies, allowing portfolio diversification based on market conditions.Eco-Friendly and Secure With green energy-powered infrastructure and regulation by the UK Financial Conduct Authority (FCA), your mining is both sustainable and secure.Easy to Use for Everyone Simply sign up, select a mining plan — now including new short-term contracts — and let DNMiner's experts manage the rest. No technical skills required!How to Start Earning with New Short-Term Contracts:Create your account on the DNMiner official website and claim your $100 free credit.Pick from the newly launched short-term mining plans tailored for quick and ...Full story available on Benzinga.com

Sellers outnumber prospective homebuyers as high prices and mortgage rates skew the housing market
2025-05-30

Sellers outnumber prospective homebuyers as high prices and mortgage rates skew the housing market

LOS ANGELES (AP) — Homeowners eager to sell may have to wait a while before a buyer comes along. As of April, the U.S. housing market had nearly 34% more sellers than buyers shopping for a home, according to an analysis by Redfin. Aside from April 2020, when the pandemic brought the economy and home [...]

Here's How Much $1000 Invested In Ameriprise Finl 10 Years Ago Would Be Worth Today
2025-05-30

Here's How Much $1000 Invested In Ameriprise Finl 10 Years Ago Would Be Worth Today

Ameriprise Finl (NYSE:AMP) has outperformed the market over the past 10 years by 4.17% on an annualized basis producing an average annual return of 15.03%. Currently, Ameriprise Finl has a market capitalization of $48.70 billion. Buying $1000 In AMP: If ...Full story available on Benzinga.com

Sip, Socialize, and Savor Festival Season With Cornbread Hemp's THC Seltzers
2025-05-30

Sip, Socialize, and Savor Festival Season With Cornbread Hemp's THC Seltzers

Commerce Content is independent of Editorial and Advertising, and if you buy something through our posts, we may get a small share of the sale. Click here for more.The leaps and bounds that buying weed has made since my college years are astounding. You can just enter a credit card and have THC products delivered to your door. And the new kinds of products are just as impressive. We have drinkable THC now, that’s crazy.Read more...

Amazon is selling a $130 all-in-one Canon printer for $69, and buyers love the 'exceptional' print quality
2025-05-30

Amazon is selling a $130 all-in-one Canon printer for $69, and buyers love the 'exceptional' print quality

Shoppers were thrilled with the "effortless setup."

2025-05-30

Sellers outnumber prospective homebuyers as high prices and mortgage rates skew the housing market - AP News

Sellers outnumber prospective homebuyers as high prices and mortgage rates skew the housing market AP NewsIt’s Been 12 Years Since U.S. Buyers Had so Many Homes to Choose From Mansion GlobalNumber of Americans Selling Their Home Soars to Record High NewsweekA Soft Housing Market Isn’t Just a Florida and Texas Story Now BloombergHere’s what home sellers are doing to counter a brutal buyer’s market this summer MarketWatch

2025-05-30

INVESTOR ALERT: Class Action Lawsuit Filed on Behalf of UroGen Pharma Ltd. (URGN) Investors – Holzer & Holzer, LLC Encourages Investors With Significant Losses to Contact the Firm

ATLANTA, May 30, 2025 (GLOBE NEWSWIRE) -- A shareholder class action lawsuit has been filed against UroGen Pharma Ltd. ("UroGen" or the "Company") (NASDAQ:URGN). The lawsuit alleges that Defendants made materially false and/or misleading statements and/or failed to disclose material adverse information about UroGen's business, operations, and prospects, including allegations that: (1) the ENVISION clinical study was not designed to demonstrate substantial evidence of effectiveness of UGN-102 because it lacked a concurrent control arm; (2) as a result, the Company would have difficulty demonstrating that the duration of response endpoint was attributable to UGN-102; (3) UroGen failed to heed the FDA's warnings about the study design used ...Full story available on Benzinga.com

Surge Energy America Announces the Company's Ten-Year Anniversary
2025-05-30

Surge Energy America Announces the Company's Ten-Year Anniversary

HOUSTON, May 30, 2025 /PRNewswire/ -- Surge Energy US Holdings Company ("Surge Energy" or the "Company") today announced the Company celebrated its tenth anniversary of the Company's founding. Surge Energy was founded in May 2015 and has made a meaningful impact to the energy industry, the Texas economy, and the local community. Since its inception, the Company has contributed over Full story available on Benzinga.com

Oreo maker Mondelez sues Aldi, alleging grocery chain copies its packaging to confuse customers
2025-05-30

Oreo maker Mondelez sues Aldi, alleging grocery chain copies its packaging to confuse customers

In the lawsuit, snack food maker Mondelez displayed side-by-side photos of their products next to Aldi's store-brand cookies and crackers.

Bitcoin, Banks, Brokers Will Decide Next Big Market Move, Says BofA's Hartnett
2025-05-30

Bitcoin, Banks, Brokers Will Decide Next Big Market Move, Says BofA's Hartnett

Global markets are on the verge of a decisive move and Bank of America's chief strategist Michael Hartnett says the next big wave will be revealed through the "three B's": brokers, banks and Bitcoin (CRYPTO: BTC).In his latest Flow Show note shared Friday, Hartnett warned that financial markets are "coiled" for a major breakout or breakdown, with investor sentiment split between soft-landing optimism and policy-induced blow-off risk. BofA's Hartnett Sees Markets At Tipping PointsAccording to Hartnett, the key to interpreting the next move will be watching three main markets: brokers – as tracked by the iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSE:IAI) –, global financial stocks – as tracked by the iShares Global Financial ETF (NYSE:IXG), and Bitcoin. If they break higher from current resistance levels, the bulls win; if not, ...Full story available on Benzinga.com

Costco Analysts See Market Share Gains, High Renewal Rates Coming: 'Strongest And Most Consistent Comp Growth' In Retail
2025-05-30

Costco Analysts See Market Share Gains, High Renewal Rates Coming: 'Strongest And Most Consistent Comp Growth' In Retail

Costco Wholesale Corporation (NASDAQ:COST) analysts break down highlights from the company's third-quarter financial results and predict what's ahead.The Costco Analysts: Truist analyst Scot Ciccarelli maintains a Hold rating on Costco and raises the price target from $995 to $1,042.Telsey analyst Joseph Feldman maintained an Outperform rating with a $1,100 price target.Truist on COST: In a new investor note, Ciccarelli said the retailer had "another strong quarter" and showed improving margins.While the analyst highlights several positives from the quarterly results, he remains on the sidelines with a Hold rating with concerns about valuation."As we have continued to highlight, Costco is generating the strongest and most consistent comp growth in basically all of retail," Ciccarelli said.The analyst said Costco offers "extreme value proposition ...Full story available on Benzinga.com

Quiet giants: How electric machines can redefine surface mining
2025-05-30

Quiet giants: How electric machines can redefine surface mining

There has been much written about the transition of underground fleets from diesel to electric. Largely, the impetus for this trend has [...]The post Quiet giants: How electric machines can redefine surface mining appeared first on Canadian Mining Journal.

As Musk exits, he sees his projects unraveling, inside and outside government
2025-05-30

As Musk exits, he sees his projects unraveling, inside and outside government

WASHINGTON — A Starship spun out of control in suborbital flight on Tuesday, failing to meet critical testing goals set by SpaceX in its plans for a mission to Mars. A poll released last week showed the national brand reputation...

Nvidia's Q1 Results Should Have Sparked A Bigger Rally, Says Gene Munster—Deserves An 8-10% Pop, Not Just 3%
2025-05-30

Nvidia's Q1 Results Should Have Sparked A Bigger Rally, Says Gene Munster—Deserves An 8-10% Pop, Not Just 3%

Chipmaker Nvidia Corp.’s (NASDAQ:NVDA) better-than-expected first-quarter earnings resulted in a spike in the stock, but leading analysts and fund managers believe the market’s reaction didn’t go far enough.What Happened: On Thursday, Gene Munster, Managing Partner of Deepwater Asset Management, posted on X expressing his disappointment in the market’s reaction to Nvidia’s strong first-quarter performance, amid substantial macroeconomic turmoil and uncertainties.Munster believes just the company’s guidance alone should have sparked an 8% to 10% rally in the stock, referring to its $45 billion revenue forecast for the second quarter, despite losing $8 billion in potential sales due to export restrictions.“Just based on the guid[ance] (excluding what could be said on the call and the shelf), the stock should be up 8-10%,” Munster said.See Also: Scott Bessent Says US-China Trade Talks At Stalemate, Need Trump And Xi Jinping Touch To Break The DeadlockHe argues that Wall Street is underestimating Nvidia's forward momentum and failing to properly adjust estimates based on the company's underlying growth, excluding the impact of U.S. export restrictions, which he says “will only last a year at most.”Nvidia posted a 69% year-over-year growth in revenue during its first quarter, but Munster believes it would have been 79%, had it not been for the chip export restrictions to China. Similarly, he says, guidance for second-quarter sales growth would have been 76%, as opposed to 50%, due to the ...Full story available on Benzinga.com

Jamie Raskin Wants Trump To Disclose His Crypto Dinner Guest List, Says Foreigners Can't Donate Dollar But Are Buying Access To President Through Memecoin
2025-05-30

Jamie Raskin Wants Trump To Disclose His Crypto Dinner Guest List, Says Foreigners Can't Donate Dollar But Are Buying Access To President Through Memecoin

A leading Democratic lawmaker launched a probe Thursday into the private dinner held by President Donald Trump for top investors in his Official Trump (CRYPTO: TRUMP)What Happened: Rep. Jamie Raskin (D-Md.), Ranking Member of the House Judiciary Committee, sent a letter to Trump demanding he disclose the guest list of invitees for the event held last week. Raskin also inquired about the origin of the funds the investors used to purchase the meme coin“Publication of this list will also let the American people know who is putting tens of millions of dollars into our President's pocket so we can start to figure out what—beyond virtually worthless memecoins—they are getting in exchange for all this money," Rasking wrote.The legislator also objected to the presence ...Full story available on Benzinga.com

An Attempt To Reset Science
2025-05-30

An Attempt To Reset Science

An Attempt To Reset Science Authored by Jeffrey Tucker via The Epoch Times,An executive order on science slipped through last week with almost no comment from the media. Its central concern is to set science on a better path after so many years of egregious abuses in which the core principles of science have been set aside in favor of political messaging.The title is “Restoring Gold Standard Science.” It is an ambitious attempt to reframe what science is and does, not to politicize it but exactly the opposite. Only better science with the highest standards, the order says, is capable of restoring trust.You have surely heard that the Trump administration is waging war on science. Read this order: the opposite is true.“Over the last 5 years, confidence that scientists act in the best interests of the public has fallen significantly. A majority of researchers in science, technology, engineering, and mathematics believe science is facing a reproducibility crisis. The falsification of data by leading researchers has led to high-profile retractions of federally funded research.”To solve the problem, the order seeks to “restore the American people’s faith in the scientific enterprise and institutions that create and apply scientific knowledge in service of the public good. Reproducibility, rigor, and unbiased peer review must be maintained. This order restores the scientific integrity policies of my first Administration and ensures that agencies practice data transparency, acknowledge relevant scientific uncertainties, are transparent about the assumptions and likelihood of scenarios used, approach scientific findings objectively, and communicate scientific data accurately.”The gold standard of science has the following features, say the order:(i) reproducible;(ii) transparent;(iii) communicative of error and uncertainty;(iv) collaborative and interdisciplinary;(v) skeptical of its findings and assumptions;(vi) structured for falsifiability of hypotheses;(vii) subject to unbiased peer review;(viii) accepting of negative results as positive outcomes; and(ix) without conflicts of interest.If anything like this really began to govern scientific standards, many things would change. NIH will be using these standards for funding science for the next four years. One hopes it will last further. There is tremendous wisdom here. In the end, it will be up to journal editors and science reporters to adapt new standards of scrutiny over what is good science and what is not.Consider just one principle: communicative of error and uncertainty. This profoundly affects the hypothetical models that have come to play a huge role in policy decisions. Nearly all the climate change papers rely on elaborate models that presume to reveal exactly what they presume. Once you dig through these things, you almost cannot believe that they were published.‘Honey, can you take out the trash?”“Not now. I’m working on a model to prove it is wholly unnecessary to do so. My model further reveals that the trash will never need to be taken out again, given the assumptions. It’s science.”Models are also what drove the world to lock down for a virus. We all saw the drawings that urged us to flatten the curve. They presumed exactly what they were attempting to demonstrate. Instead of seeing the obvious fakery, most science reporters acted like the PhD’d prophets were contemporary versions of Nostradamus.That was only the beginning of an amazing tsunami of fakery that lasted for years.I’ve recently revisited the standards by which the initial vaccine trials for SARS-CoV-2 were run. We hear that they were placebo-controlled and randomized. That is supposed to make all other questions irrelevant.Remember that there are two standards: effectiveness and safety. Most of the doubts about the shots these days focus on safety and rightly so. But even if we isolate the effective part of the question, we run into astonishing examples of manipulation and subterfuge.* The trials lasted just long enough (2–4 months) to capture an immune response but not long enough to show that it evaporates quickly after. By 5 months and following, effectiveness wanes further and further. The trials simply could not capture this, though it is highly likely that the manufacturers knew this was inevitable. By the time people caught on, the shot salesmen had another product to hawk from their wagons. They called it a booster.* The trials defined fully vaccinated as two weeks following the second dose, snagging the absolute peak of response but neglecting anything else. The protocols were laid out to succeed on paper even if they did not really succeed in real life.* The trials seemed rigged to minimize participation from the population groups that were most vulnerable to significant medical consequences of infection while including as many non-vulnerable groups as possible, thus skewing the results.* The trials claimed effectiveness against hospitalization and death but the number of unvaccinated people in those affected groups was so low as to be statistical noise. The studies were underpowered. In one trial, only 10 people in the unvaccinated group landed in the hospital. It was on this basis that the shot was said to prevent that.* The trials wholly excluded accounting for asymptomatic infection, which means they did not test for transmission at all, thus deleting all concerns to stop the spread and so on. In other words, people who took the shot could still spread the virus but the trials were structured to ignore that signal. When it became obvious, the promoters pretended to be amazed and shocked.* Many trials later unblinded placebo groups that were offered vaccines as early as December 2020, thus removing the control group. They deliberately eschewed following up on the best feature of the trial design, clearly with an attempt to cover up unfavorable results.* Everyone knows that these viruses mutate very quickly but the rushed trials dealt only with the initial wild type, which, by the time the shot arrived, was already changing to a new variant. This was clearly not a mistake!Experts published all these criticisms as it was happening. It was extremely difficult for nonspecialists to keep up. I can personally recall receiving a flood of submissions detailing each of these points. It was overwhelming, especially since all these criticisms pertain only to whether the shot even worked to do what they claimed. Safety then became another problem.It was like watching a magic show: you know it is not real but everything is moving too quickly to debunk it in real time. In any case, there is zero chance that all these issues and problems were mere mistakes. They were all designed to do exactly what they did, but even then the public was skeptical. At that point, the politicians decided to assist industry and force everyone to take the shot.And yet it gets better. All other boosters for variants were approved based on the old results of the presumably unimpeachable trials. The boosters were never tested in any rigorous way. They would inject a few mice, observe an immune response, and call it a day. Top officials at the FDA even resigned because they could not stand by and watch this unfold as it did.I’m still gobsmacked that all this happened.Very clearly, the pharmaceutical companies are genuine experts in how to deploy the appearance of science without the reality.The new executive order should prevent this sort of thing in the future. Indeed, the new head of the FDA has specifically said that no more shots will be approved without well-constructed and transparent trials using the highest standards. Given what we know, there is no chance that any more versions of this shot will even be approved. The manufacturers won’t even attempt to try. Indeed, Moderna has already stopped its work on a combination COVID/Flu shot, knowing full well that they cannot get it through.The new standards are highly welcome but the long-term solution is to erect a much higher wall between government and science. Ideally, government would stop funding research altogether simply because the effort has proven to be so dangerous.Science in the first and second industrial revolutions was largely decentralized. Innovation came not from government but from private tinkerers and practitioners with real-world experience. The period from 1850 to 1900 gave us the world we know today, born not of agencies with huge budgets but businessmen, doctors, engineers, and builders, looking for better ways to serve humanity at a profit or at least with minimal losses. In those days, we did not call the results “technology” but rather the fruit of the “practical arts.”I’ve always adored that term and wish we could take it back.What changed about science in the 20th century is that it began to serve the cause of powerful interests rather than the people. After the Second World War and following the ominous deployment of nuclear weapons, there was no turning back.This is what must be fixed. The ultimate goal of gold-standard science must be to restore the rigors of past achievements without the corruptions that come with politics.In this way, the cause of science should welcome a pull back in government backing of science. The funding by industry posing another unique set of problems but at least in this case there is no doubt about the purpose and drive. It’s validity can be assessed in light of that. Tyler DurdenThu, 05/29/2025 - 22:35

CVS closing 270 stores across US — search for your nearest locations
2025-05-30

CVS closing 270 stores across US — search for your nearest locations

CVS announced the list of 270 stores that will be closing across the United States throughout 2025, as the pharmacy giant continues to decrease store density.

OpenAI Wants Its Fraud And Media Manipulation Countersuit Against Elon Musk Kept Alive, Labels His $97.4 Billion Bid A Stunt
2025-05-30

OpenAI Wants Its Fraud And Media Manipulation Countersuit Against Elon Musk Kept Alive, Labels His $97.4 Billion Bid A Stunt

On Wednesday, the legal battle between OpenAI and Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk escalated as the ChatGPT maker urged a judge to allow its countersuit to proceed, accusing the billionaire of fraud and media manipulation.What Happened: In a court filing, OpenAI argued that Musk's motion to dismiss its countersuit has "no grounding in facts" and should be denied, reported Reuters.The AI firm said its claims of fraudulent business practices under California law should remain part of the upcoming expedited trial.OpenAI's countersuit, filed in April, alleges that Musk launched a "sham" $97.4 billion takeover bid through a consortium earlier this year, leaking it to the press before presenting it to OpenAI's ...Full story available on Benzinga.com

CNBC Daily Open: Certainty of ‘reciprocal' tariffs better than confusing legal tussle
2025-05-30

CNBC Daily Open: Certainty of ‘reciprocal' tariffs better than confusing legal tussle

This is CNBC’s live blog covering Asia-Pacific markets.Asia-Pacific markets fell Friday, with a slowing U.S. economy, inflation fears and uncertainties from the judicial developments surrounding U.S. President Donald Trump’s “reciprocal” tariffs weighing on investor sentiment.The U.S. Court of International Trade ruled on Wednesday night that Trump had overstepped his authority when he imposed his “reciprocal” tariffs. The court ordered that the challenged tariff orders be vacated.However, the Trump administration filed a notice of appeal shortly after the judgment, and an appeals court reinstated the levies on Thursday afternoon. The administration said it could ask the Supreme Court as early as Friday to pause the federal court’s original ruling if necessary.Trade talks between the U.S. and China were also “a bit stalled,” Treasury Secretary Scott Bessent told Fox News in an interview Thursday local time.Japan’s benchmark Nikkei 225 declined 0.91% in its final hour of trade while the broader Topix index moved down 0.13% as investors parsed a slew of data releases.Tokyo’s core inflation reading for April, which captures consumer costs excluding fresh food, climbed 3.6% from a year ago, its highest level since January 2023.In South Korea, the Kospi index dropped 0.91%, while the small-cap Kosdaq lose 0.28% in its last hour.Mainland China’s CSI 300 index declined 0.26% while Hong Kong’s Hang Seng Index lost 1.58%.Meanwhile, India’s benchmark Nifty 50 fell 0.3% while the BSE Sensex inched 0.28% lower.Over in Australia, the S&P/ASX 200 rose 0.3% to end the day at 8,434.70.U.S. futures also slipped as investors await more trade news and fresh inflation data. Futures tied to the Dow Jones Industrial Average pulled back 58 points, or 0.14%. S&P 500 futures fell 0.24%, while Nasdaq-100 futures declined 0.3%.Overnight stateside, all three key benchmarks on Wall Street rose, even as gains were curtailed by caution around the court rulings on Trump’s “reciprocal tariffs.”The S&P 500 moved up thanks to strong moves in chipmaker Nvidia. The broad-based index ended the day higher by 0.4% at 5,912.17 despite climbing as much as 0.9%.Meanwhile, the Nasdaq Composite advanced 0.39% to 19,175.87, also well off its highest intraday gain of 1.5%. The Dow Jones Industrial Average added 117.03 points, or 0.28%, to finish at 42,215.73.— CNBC’s Alex Harring and Pia Singh contributed to this report.Auto stocks in Asia join the sell-offAuto stocks in Asia are feeling the heat of the reinstatement of U.S. President Donald Trump’s tariffs.Mazda Motor led losses in Japanese automakers, plunging 3.48% as at 2.23 p.m. Singapore time.Other stocks that logged losses include Nissan Motor which retreated 2.47%, Mitsubishi Motors which fell 2.27% and Honda Motor which was down 1.37%.Over in South Korea, Kia Corp dropped 3.76% while Hyundai Motor lost 2.72%.Indian automakers were also trading in negative territory with the Nifty Auto index down 0.99%.Among the worst performers were Bajaj Auto which fell 2.5%, Ashok Leyland which dropped 2.11% and Mahindra and Mahindra which lost 1.46%.— Amala BalakrishnerAsia’s tech giants fall on tariff concernsAsian tech stocks fell Friday amid increased concerns over the the reinstatement of U.S. President Donald Trump’s trade tariffs by the appeals court.In Japan, sharp declines were seen in Lasertec which had plunged 4.19% and Renesas Electronics which retreated 3.98% as at 2.18 p.m. Singapore time.Losses were also seen in Advantest Corp which dropped 3.89% and SoftBank Group which lost 3.33%.Over in South Korea, chipmaker SK Hynix had declined 3.77%, while Samsung Electronics moved up 0.71%.Tech companies in Hong Kong were in the red, with Robosense and Nio leading losses with declines of 5.57% and 5.78% respectively.Sharp losses were seen in Xpeng which lost 4.79%, BYD which fell 5.58%, Alibaba which lost 4.4% and NetEase which dropped 4.2%. Losses were also seen in Baidu, which was down 3.6%, Tencent which fell 2.49% and Xiaomi which dropped 2.32%.— Amala BalakrishnerAustralia’s retail sales slows unexpectedly in AprilAustralia’s retail sales fell unexpectedly in April, breaking three months of gains, on the back of a decline in clothing purchases.The country’s retail sales fell 0.1% from the month before, according to data released by the Australian Bureau of Statistics Friday, falling short of median estimates of 0.3% growth in a Reuters poll and March’s 0.3% growth.The latest data adds to expectations of further rate cuts by the Reserve Bank of Australia.On a year-over-year basis, retail sales rose 3.8% in April, registering A$37.2 billion ($23.9 billion), slower than the 4.3% increase registered in March.— Amala BalakrishnerHong Kong shares plunge on reinstatement of Trump tariffsHong Kong stocks fell Friday as markets digested the reinstatement of U.S. President Donald Trump’s tariffs, a day after a court ruling blocking them.The Hang Seng Index was down 1.48% as of 12.34 p.m. local time. Many major Chinese companies are listed on the index, which is up more than 15% since the start of the year. Its losses were led by the technology, consumer cyclical and education services sectors.Meanwhile, the tech-heavy Hang Seng Tech Index was last seen down 2.55%.Some of the worst performers on the index include data centre firm GDS Holdings, which plunged 7.51%, Horizon Robotics, which fell 5.94% and BYD Electronic International, which dropped 4.98%.The Hang Seng Tech Index ETF shows the day’s moves:— Amala BalakrishnerSpot gold loses shine amid trade uncertaintiesSpot gold fell Friday as markets took a hit from uncertainties around the U.S. economy and court rulings on U.S. President Donald Trump’s tariffs.As at 12.06 p.m. Singapore time, the precious metal was down 0.71% to $3,292.61 per ounce.The precious metal — which is a traditional hedge against political and financial instability — gained nearly 1% on Thursday stateside, after a federal appeals court offered Trump a temporary reprieve from a ruling to throw out the bulk of his tariff agenda. — Amala BalakrishnerJapan’s April jobless rate unchanged at 2.5%Japan’s unemployment rate was unchanged at 2.5% in April, from the previous month, government data released Friday showed. This reading is in line with estimates forecasted in a Reuters poll.There were 126 job openings for every 100 job seekers in April, unchanged from the previous month, which was also in line with Reuters’ predictions.Japan has experienced a tight labor market for over a decade, with the situation becoming more pronounced in recent years due to demographic challenges.— Amala BalakrishnerTokyo’s core inflation climbs to 3.6% in May, fastest increase in more than two yearsTokyo’s core consumer price index, excluding fresh food, rose 3.6% year on year in May, compared with 3.4% in the previous month, according to the Statistics Bureau of Japan on Friday.The latest reading is the highest level since January 2023, and surpasses the 3.5% forecast by economists polled by Reuters. It was the fastest annual pace of increase since January 2023, when it hit 4.3%, based on data from LSEG.The rise was partly due to the base effect of last year’s sharp drop caused by the launch of school education subsidies and the phase-out of nationwide subsidies to curb utility bills.Headline consumer price index for Japan’s capital in May was at 3.4% year on year, down from 3.5% the month before.Tokyo inflation data is considered a key indicator of overall growth in prices in Japan. The index which strips away the effects of both fresh food and fuel costs, is closely watched by the Bank of Japan as a broader price trend indicator.— Amala BalakrishnerSouth Korea’s factory output declines 0.9% in April, missing expectationsSouth Korea’s industrial production output fell 0.9% in April on a seasonally adjusted basis compared to the month earlier, data released by Statistics Korea on Friday showed. This follows a 2.9% expansion in March and falls short of the 0.5% growth forecasted in a Reuters poll.While factory output rose 4.9% year-over-year in April, beating the 4% expected by economists polled by Reuters, it was still lower than the 5.3% reading from the previous month.Separate data showed a 0.9% month-over-month drop in South Korea’s retail sales in April. This is its lowest level since August 2024 and follows a 0.3% drop in the previous month.— Amala Balakrishner

2025-05-30

US SEC dismisses lawsuit against Binance crypto exchange - Reuters

US SEC dismisses lawsuit against Binance crypto exchange ReutersSEC drops Binance lawsuit, ending one of last remaining crypto enforcement actions CNBCSEC Drops Lawsuit Against Crypto Company Binance and Founder Changpeng Zhao PYMNTS.comSEC Files to Dismiss Long-Running Lawsuit Against Binance CoinDeskSEC Drops Lawsuit Against Binance After Trump-Backed USD1 Stablecoin Launches On Crypto Exchange Forbes

Xinhua Silk Road: 2025 Maritime Silk Road Port Cooperation Forum highlights ports green, intelligent dev't
2025-05-30

Xinhua Silk Road: 2025 Maritime Silk Road Port Cooperation Forum highlights ports green, intelligent dev't

BEIJING, May 29, 2025 /PRNewswire/ -- The 2025 Maritime Silk Road Port Cooperation Forum opened Tuesday in port city of Ningbo, east China's Zhejiang Province, bringing senior port executives, industry experts, and scholars from more than 40 countries and regions. ...Full story available on Benzinga.com

GM CEO Mary Barra backs Trump’s auto tariffs as a tool to help US manufacturers ‘level the playing field’
2025-05-30

GM CEO Mary Barra backs Trump’s auto tariffs as a tool to help US manufacturers ‘level the playing field’

General Motors CEO Mary Barra is voicing support for the Trump administration’s automotive tariffs, arguing they allow U.S. automakers to compete more fairly in the international market.

Trump tariffs would still ‘pinch' consumers even if trade court block holds, economist says
2025-05-30

Trump tariffs would still ‘pinch' consumers even if trade court block holds, economist says

A federal trade court blocked a large piece of President Trump’s tariff agenda in a ruling Wednesday. An appeals court temporarily paused that order on Thursday. Even if the lower court’s ruling holds, the average household would lose $950 of purchasing power in 2025 as a result of tariffs that remain on the books, on products like steel, aluminum and automobiles, according to a Yale Budget Lab analysis. The Trump administration has signaled more tariffs may be coming for pharmaceuticals, semiconductors, copper and lumber.The fate of many of President Trump’s tariffs is uncertain after a string of court rulings this week.But even if a court block on country-specific tariffs is upheld, others that would remain on the books — for products like steel and automobiles — are still expected to cost consumers almost $1,000 a year, according to a new analysis by the Yale Budget Lab.“It does pinch” consumers’ wallets, said Ernie Tedeschi, director of economics at the Yale Budget Lab and former chief economist at the White House Council of Economic Advisers during the Biden administration.Tariffs are a tax paid on imports, paid by U.S. entities importing the good. Businesses are expected to pass on at least some of those costs to consumers.However, the dollar impact of those remaining tariffs is “a far cry” from what it would be if the country-specific tariffs were to remain, he said.The U.S. Court of International Trade on Wednesday blocked country-specific tariffs, including a 10% baseline tariff on most nations and separate levies on Canada, Mexico and China tied to allegations of fentanyl trafficking.A three-judge panel found Trump exceeded his authority by invoking the International Emergency Economic Powers Act to impose those import duties.An appeals court temporarily paused the order on Thursday as it reviews the case.Steel, aluminum auto tariffs remainHowever, 25% tariffs on steel, aluminum, automobiles and auto parts are still in place, with some carve-outs, as well as certain tariffs on China imposed during Trump’s first term and expanded during the Biden administration, Jennifer McKeown and Stephen Brown, economists at Capital Economists, wrote in a note Thursday.Those tariffs were imposed using different legal authorities.If the lower court’s order holds, those remaining tariffs would cost the average household $950 of purchasing power in 2025, according to the Yale Budget Lab analysis published Thursday. That amounts to a 0.6% increase in consumer prices, it found.More from Personal Finance:Trump administration axes Biden-era barrier for crypto in 401(k) plansTrade schools may be a winner of battle between Trump, HarvardCourt order challenges Trump’s plan to move federal student loansAnother way consumers can view this legal development: The initial court ruling, if upheld, would save households more than $1,800 this year, said Tedeschi.That’s because the average household would lose about $2,800 in 2025 if the country-specific tariffs were to stay on the books, Tedeschi said.In that case, consumer prices would rise about 1.7% this year, he said.McKeown and Brown estimate the court ruling would lower the effective tariff rate to 6.5% from 15%. It was 2.5% at the start of the year, they said.“The most direct impact” of the remaining tariffs will be on car buying, Tedeschi said. Car prices would likely rise about 8% this year and 5% over the longer term, he said.But steel and aluminum are inputs in a swath of consumer products, from homebuilding to household appliances.Not necessarily ‘the end of things’ for tariffsThe Supreme Court may be the final arbiter for Trump’s country-specific tariffs, a process that may take “many months,” according to McKeown and Brown.Additionally, “it would be unlikely to mark the end of the tariff war given the various other routes through which the Trump administration could impose tariffs,” they wrote.The Trump administration has also signaled an intent to put duties on additional products like pharmaceuticals, semiconductors, copper and lumber.Yesterday’s court decision was a “landmark ruling,” Tedeschi said. “I don’t expect it’ll be the end of things.”

2025-05-29

Goldman exec sees more tariff volatility ahead but the situation is growing more 'manageable' - MarketWatch

Goldman exec sees more tariff volatility ahead but the situation is growing more 'manageable' MarketWatchGoldman Sachs is pulling back risk as it braces for more fallout from 'disruptive policy' shifts: COO Business InsiderGoldman Sachs says deal outlook is good, but timing is uncertain ReutersTranscript : The Goldman Sachs Group, Inc. Presents at Bernstein 41st Annual Strategic Decisions Conference 2025, May-29-2025 09 marketscreener.comGoldman Sachs Sees Bright Future for Investment Banking - News and Statistics IndexBox

Planning a wedding in Canada? Tariffs could blow your budget
2025-05-29

Planning a wedding in Canada? Tariffs could blow your budget

And with wedding season in full swing, couples tying the knot this summer might need to brace for a steeper bill, thanks to tariffs.

2025-05-29

Dairy Alternatives Market to Reach USD 60 Billion by 2034, Growing at 6.7% CAGR | Exactitude Consultancy

Luton, Bedfordshire, United Kingdom, May 29, 2025 (GLOBE NEWSWIRE) -- Market OverviewThe global dairy alternatives market is projected to reach a valuation of approximately USD 32 billion in 2024 and is anticipated to grow at a CAGR of 6.7%, reaching around USD 60 billion by 2034. This growth is driven by increasing adoption of plant-based diets, growing consumer awareness of lactose intolerance, and rising environmental sustainability concerns.Get a Sample PDF Brochure: https://exactitudeconsultancy.com/reports/65410/global-dairy-alternatives-market#request-a-sample Market SegmentationBy Product Type:Almond MilkSoy MilkOat MilkCoconut MilkRice MilkCashew MilkHemp MilkPea MilkOther Dairy AlternativesBy Source:OrganicConventionalBy Formulation:PlainFlavoredBy Packaging Type:Tetra PackBottlesCansOthersBy Application:BeveragesFood ProductsBakery ProductsConfectioneryBy Distribution Channel:Supermarkets/HypermarketsHealth Food StoresConvenience StoresOnline RetailOthersBy End-User:ResidentialCommercial (Food Service, Cafes, Restaurants)By Geography:North AmericaEuropeAsia-PacificLatin AmericaMiddle East & AfricaSegment Performance HighlightsProduct Type: Almond and soy milk hold approximately 60% market share; oat milk is gaining momentum.Source: Organic segment constitutes ~40% of the market.Formulation: Flavored variants account for ~35% market share.Packaging Type: Tetra packs lead with ~50% share.Distribution Channel: Online retail accounts for ~30% market share.End-User: Residential usage dominates with over 70% share.Buy Now : https://exactitudeconsultancy.com/purchase/?currency=USD&type=single_user_license&report_id=65410 Market DynamicsGrowth Drivers:Shift to plant-based diets for health and sustainability.Rise in lactose intolerance and vegan populations.Innovations in product formulation and sustainable packaging.Expansion of online retail and direct-to-consumer models.Government regulations supporting plant-based diets.Challenges:High production costs and raw material price volatility.Competition from traditional dairy and new plant-based products.Supply chain disruptions.Regulatory barriers on labeling and marketing.Opportunities & Trends:Growth in fortified and functional plant-based products.Clean label and organic certified offerings.Rise in RTD formats and subscription models.Collaborations between established firms and startups.Investment in R&D for texture, flavor, and shelf-life enhancements.Browse full Report - https://exactitudeconsultancy.com/reports/65410/global-dairy-alternatives-market Regional AnalysisNorth America (~42% Market Share in 2024)Key Drivers:Health Consciousness: Growing concerns over lactose intolerance, cholesterol levels, and overall wellness have led consumers to shift toward plant-based milk, yogurt, and cheese alternatives.Strong Retail Infrastructure: Well-established supermarkets (e.g., Whole Foods, Walmart) and e-commerce platforms offer wide product accessibility and availability.Brand Innovation: U.S. and Canadian companies lead in innovation, offering clean-label, organic, and fortified plant-based options (e.g., almond, oat, pea, and soy).Celebrity and Influencer Advocacy: Veganism and flexitarian lifestyles promoted by public figures continue to fuel adoption.Outlook:Continued dominance due to sustained consumer demand, product innovation, and growing investments from both startups and established dairy companies transitioning to plant-based portfolios.Europe (~32% Market Share in 2024 | ~9% CAGR through 2034)Key Drivers:Vegan and Flexitarian Lifestyle: A large segment of the population actively reduces animal product intake due to ethical, health, and sustainability concerns.Government and Regulatory Support: Policies in countries like Germany, the UK, Sweden, and the Netherlands encourage plant-based consumption through subsidies and public campaigns.Retail Growth: Supermarkets across Europe have expanded their plant-based sections, often offering private-label dairy alternatives.Sustainability: Consumers are increasingly aware of the environmental impact of animal-based dairy, driving demand for carbon-neutral or low-impact plant-based alternatives.Outlook:Strong growth expected in Germany, France, and Nordic countries. Expansion of regional oat and soy production will also reduce reliance on imports, improving profit margins and market competitiveness.Asia-Pacific (~18% Market Share in 2024 | ~12% CAGR through 2034)Key Drivers:Cultural Acceptance of Plant-Based Products: Soy and rice milk have long been part of traditional diets in countries like China, Japan, and India.Rising Disposable Income: As middle-class populations grow in India, China, Indonesia, and Vietnam, demand for premium plant-based products is increasing.Urbanization and Modern Retail Channels: Growth of supermarkets, hypermarkets, and e-commerce is improving access to dairy alternatives across tier-1 and tier-2 cities.Health Trends: Rising awareness of lactose intolerance, especially among East Asian populations, is leading to higher adoption of non-dairy options.Outlook:Asia-Pacific is the fastest-growing region. Major opportunities lie in India, China, and Southeast Asia due to large, young populations and increasing health consciousness.Latin America & Middle East & Africa (Emerging Markets)Latin America:Key Drivers:Youth-Driven Demand: Younger consumers, especially in Brazil, Mexico, and Argentina, are more health- and environment-conscious.Influence of Western Trends: Global food trends are increasingly shaping local consumer behavior.Expanding Product Availability: Multinational brands are expanding distribution in urban areas, supported by a rising number of vegan restaurants and health stores.Outlook:Market still in early stages but expected to grow significantly with education and awareness campaigns. Brazil and Mexico are anticipated to lead regional expansion.Middle East & Africa (MEA):Key Drivers:Rising Health Awareness: Increasing prevalence of chronic diseases like diabetes and obesity is pushing consumers toward healthier food options.High Youth Demographics: A large, urbanizing ...Full story available on Benzinga.com

2025-05-29

Stellantis unveils all-new Jeep Cherokee set to be released in late 2025 - WXYZ Channel 7

Stellantis unveils all-new Jeep Cherokee set to be released in late 2025 WXYZ Channel 7Jeep reveals new Cherokee SUV, confirms hybrid model CNBCIt's Back! The Jeep Cherokee Will Make a Return Later This Year Car and Driver2026 Jeep Cherokee First Look: The SUV Is Back and Boxy! MotorTrendJeep Cherokee returns as a hybrid with a boxy exterior The Detroit News

SEC drops Binance lawsuit, ending one of last remaining crypto enforcement actions
2025-05-29

SEC drops Binance lawsuit, ending one of last remaining crypto enforcement actions

The dismissal by the SEC comes two after the agency accused Binance of illegally serving U.S. users and misusing customer funds. The SEC was the last major regulator still pursuing Binance after a $4.3 billion settlement with the U.S. government last year that saw Zhao plead guilty and step down, while retaining much of his wealth. Binance is taking a $2 billion investment from the Emirati state fund MGX entirely in USD1, a stablecoin newly launched by the Trump family’s World Liberty team.The SEC has formally dropped its lawsuit against Binance and founder Changpeng Zhao, bringing an end to one of the last remaining crypto enforcement actions brought by the agency.In a Thursday filing in the U.S. District Court for the District of Columbia, lawyers for the SEC and Binance jointly moved to dismiss the case, which was first brought in June 2023. The case had accused the crypto exchange of illegally serving U.S. users, inflating trading volumes, and commingling customer funds.Binance is the largest digital assets exchange in the world, by volume. It also recently forged ties with World Liberty Financial, a project that aspires to be a crypto bank and funnels 75% of profits to entities linked to the Trump family. Binance is taking a $2 billion investment from the Emirati state fund MGX entirely in USD1, a stablecoin newly launched by the World Liberty team.The SEC was the last major regulator still pursuing Binance after a $4.3 billion settlement with the U.S. government last year that saw Zhao plead guilty and step down as CEO, while avoiding jail time and retaining much of his wealth.This is breaking news. Check back for updates.

2025-05-29

New York Times agrees first AI deal with Amazon - Financial Times

New York Times agrees first AI deal with Amazon Financial TimesThe Times and Amazon Announce an A.I. Licensing Deal The New York TimesNew York Times Agrees to License Content to Amazon for AI Use (NYT, AMZN) BloombergThe New York Times inks deal with Amazon to license content for AI training MSNNew York Times, Amazon sign AI licensing deal Yahoo Finance

Here's How Much You Would Have Made Owning Veeva Systems Stock In The Last 10 Years
2025-05-29

Here's How Much You Would Have Made Owning Veeva Systems Stock In The Last 10 Years

Veeva Systems (NYSE:VEEV) has outperformed the market over the past 10 years by 15.42% on an annualized basis producing an average annual return of 26.2%. Currently, Veeva Systems has a market capitalization of $46.23 billion. Buying $1000 In VEEV: If ...Full story available on Benzinga.com

Are We Going To War With Iran?
2025-05-29

Are We Going To War With Iran?

Are We Going To War With Iran? Q: "On Iran, did you warn Prime Minister Netanyahu against taking some sort of actions that could disrupt the talks there in a phone call last week?"President Trump: "Well, I'd like to be honest. Yes I did." pic.twitter.com/yoXB3t90SZ— CSPAN (@cspan) May 28, 2025Just yesterday, President Trump told reporters in the Oval Office that he personally was behind the push urging Israeli President Benjamin Netanyahu not to strike Iran. War averted, for now... but as Trump said, “that could change at any moment.”Debating what Trump should do tonight at 7pm ET on the ZeroHedge homepage will be Libertarian Institute founder Scott Horton and Dr. Meir Javedanfar, professor at Reichmann University in Israel. To avoid moderator biases, the debate will be co-moderated by Clint Russell and Ami Kozak.Dr. Javedanfar is Iranian-born but escaped and now resides in Israel where he teaches about Israel-Iran policy. He has long warned about Iran’s nuclear advancement and is an advocate for containment and aggressive sanctions.My Islamic Republic of #Iran passport photo, taken in 1986.I shared the passport with my brother.We managed to leave a year later after successfully bribing a regime official. pic.twitter.com/a9bKclvDlM— Meir Javedanfar Ph.D.- מאיר ג'בדנפר (@MeirJa) October 19, 2023Horton is a native Texan and Libertarian through-and-through who says “our anti-Iran policy is born in Tel Aviv,” pinning the blame on Israel and Netanyahu.Scott Horton:“There’s no question that our anti-Iran policies are born in Tel Aviv”#No_War_With_Iran pic.twitter.com/fdSHoP182v— Amir (@AmirEmzi) April 15, 2025This should be a fun one. We’ll see you at 7pm ET. Tyler DurdenThu, 05/29/2025 - 10:45

Electric Vehicles Died a Century Ago. Could That Happen Again?
2025-05-29

Electric Vehicles Died a Century Ago. Could That Happen Again?

BURBANK, Calif. — More than a century before Tesla rolled out its first cars, the Baker Electric Coupe and the Riker Electric Roadster rumbled down American streets. Battery-powered cars were so popular that, for a time, about a third of...

2025-05-29

CATL Reveals Game-Changing Leap In Battery Endurance - InsideEVs

CATL Reveals Game-Changing Leap In Battery Endurance InsideEVsChina's CATL boasts new EV battery chemistry, 100-second swaps driving.ca

Duke Energy supports first responders with $500,000 in grants for emergency preparedness in South Carolina
2025-05-29

Duke Energy supports first responders with $500,000 in grants for emergency preparedness in South Carolina

HERO Grant Program will pay for training, equipment and new technology to aid in response to weather-related disastersFunding goes to 38 nonprofits and government agencies across the Palmetto StateGREENVILLE, S.C., May 29, 2025 /PRNewswire/ -- As hurricane season begins, community leaders, emergency managers and first responders turn their eyes to the tropics as they continue to prepare their communities for the possibility of impacts from severe weather. Duke Energy is preparing, too. What's happening: Duke Energy Foundation is awarding $500,000 through the 2025 Helping Emergency Response Organizations (HERO) Grant Program to support severe weather emergency preparedness across South Carolina.Where the money is going: More than three dozen government agencies and nonprofits are receiving grants up to $20,000 each. The grants will fund training, life-saving equipment and innovative technology identified as gaps or needs following recent severe weather events – all aimed to aid in weather-related disaster planning and recovery operations. A complete list of recipients can be found here.Why it matters: Hurricane Helene and other severe weather events in recent years have had historic impacts on South Carolina – forever changing ...Full story available on Benzinga.com

USDJPY Loses Traction As Weak US Data Weighs In, 144 Support Threatened
2025-05-29

USDJPY Loses Traction As Weak US Data Weighs In, 144 Support Threatened

The US dollar declined against the Japanese yen on Thursday as the latest US macroeconomic data neutralised Wednesday’s Fed minutes. The USDJPY pair traded at 144.44 at the time of writing, down by 0.26% on the daily chart. In addition, a federal court ruling against President Donald Trump’s reciprocal trade tariffs initially boosted the dollar, with the DXY to weekly highs of 100.54. However, news of an immediate appeal the administration sent the index down to 99.39. Meanwhile, the US [...]The post USDJPY Loses Traction As Weak US Data Weighs In, 144 Support Threatened appeared first in UK on InvestingCube.

Nvidia, Apple, Amazon, Tempus AI, Tesla: Why These 5 Stocks Are On Investors' Radars Today
2025-05-29

Nvidia, Apple, Amazon, Tempus AI, Tesla: Why These 5 Stocks Are On Investors' Radars Today

On Wednesday, major U.S. stock indices closed lower, with the Dow Jones Industrial Average falling 0.6% to 42,098.70 and the S&P 500 slipping by a similar margin to 5,888.55. The Nasdaq shed 0.5% to finish at 19,100.94. However, stock futures rebounded after a court overturned the Trump tariffs.These are the top stocks that gained the attention of retail traders and investors through the day:Nvidia Corp (NASDAQ:NVDA)Nvidia’s stock dipped by 0.51%, closing at $134.81, with an intraday high of $137.25 and a low of $134.79. The stock’s 52-week range is between $86.63 and $153.13. In the after-hours trading, the Jensen Huang-led company’s shares spiked 4.9% to $141.40. Nvidia posted strong first-quarter results with revenue of $44.1 billion (up 69% YoY), beating estimates, despite a $4.5 billion charge from China export restrictions. The company guided for higher second-quarter revenue, citing strong AI demand and new products like the Blackwell supercomputer.Apple Inc. (NASDAQ:AAPL)Apple’s shares edged up by 0.10%, closing at $200.42, reaching an intraday high of $202.73 and a low of $199.90. The ...Full story available on Benzinga.com

Bitcoin, Dogecoin Dip, Ethereum Gains As Court Strikes Down Trump's Tariffs: Analyst Anticipates BTC All-Time High 'In A Couple Of Days' If This Happens
2025-05-29

Bitcoin, Dogecoin Dip, Ethereum Gains As Court Strikes Down Trump's Tariffs: Analyst Anticipates BTC All-Time High 'In A Couple Of Days' If This Happens

Leading cryptocurrencies fell on Wednesday even as a federal court blocked President Donald Trump's sweeping tariffs.CryptocurrencyGains +/-Price (Recorded at 9:30 p.m. ET)Bitcoin (CRYPTO: BTC)-0.91%$107,931.14Ethereum (CRYPTO: ETH) +2.43%$2,707.97Dogecoin (CRYPTO: DOGE) -1.12%$0.2240What Happened: Bitcoin dipped sharply in the early trading hours, falling below $107,000 before regaining $108,000 overnight.Ethereum erupted above $2,700 late in the day, extending its 24-hour gains to 2.43%.The overnight surge came after a federal court struck down global tariffs imposed by Trump under the Emergency Powers Act. The decision, delivered by the U.S. Court of International Trade, could put an end to trade war fears gripping the capital asset markets.Over $232 million was liquidated from the cryptocurrency market in the last 24 hours, with bullish long bets accounting for $165 million.Bitcoin’s Open Interest rose 1.28% in the last 24 hours, while Ethereum recorded a 4.46% jump. The percentage of Binance traders placing bullish bets on Bitcoin jumped above 50%, suggesting increased optimism.The “Greed” sentiment rose from 71 ...Full story available on Benzinga.com

Santacruz Silver Reports Year End 2024 Financial Results
2025-05-29

Santacruz Silver Reports Year End 2024 Financial Results

VANCOUVER, BC, May 28, 2025 /CNW/ - Santacruz Silver Mining Ltd. (TSXV:SCZ) (OTCQB:SCZMF) (FSE: 1SZ) ("Santacruz" or the "Company") reports its financial and operating results for the year ended December 31, 2024 ("FY 2024"). The full version of the audited financial statements for FY 2024 (the "Financial Statements"), which includes a restatement of comparative 2023 consolidated financial statements, and accompanying Management's Discussion and Analysis (the "MD&A"), can be viewed on the Company's website at www.santacruzsilver.com or on SEDAR+ at www.sedarplus.ca. All amounts are expressed in U.S. dollars, unless otherwise stated.FY 2024 HighlightsRevenues of $283 million a 13% increase year-over-year.Gross Profit of $57 million, a 1670% increase year-over-year.Net Income of $165 million, a 1594% increase year-over-year.Adjusted EBITDA of $53 million, a 200% increase year-over-year.Cash and cash equivalents of $36 million, a 622% increase year-over-year.Working Capital was $46 million at the end of FY 2024.Cash cost per silver equivalent ounce sold of $21.90, a 16% increase year-over-year.AISC per silver equivalent ounce sold of $26.01, a 15% increase year-over-year.Silver Equivalent Ounces produced of 18,651,701, a 1% decrease year-over-year.Arturo Préstamo, Executive Chairman and CEO of Santacruz, commented, "FY 2024 was a transformative year for the Company, driven by our strong financial and operational results. Santacruz achieved a 13% increase in revenue and a 200% rise in adjusted EBITDA, supported by operational improvements and a favorable silver price environment. These achievements strengthened the Company's balance sheet which allowed us to end the year with $36 million in cash, a 622% increase. In addition, we significantly worked on enhancing shareholder value while maintaining a disciplined operational focus and laying the groundwork for long-term growth."Mr. Préstamo continued, " In preparation for the audit, the accounting team identified a series of non-cash errors booked during the tenure of the former CFO. These non-cash errors caused a significant number of related adjusting entries in the current and prior years creating additional audit work and therefore the subsequent delay in filing the financial statements. Santacruz's competitive edge lies in the quality and efficiency of our core Bolivian and Mexican mining assets and the flexibility of our San Lucas ore sourcing model, which enables swift adaptation to market conditions and maximizes the benefits of our leverage to rising metal prices. With this solid foundation and an experienced management team, we are well-positioned to enter a new phase of sustainable growth while continuing to deliver value to our shareholders."Selected consolidated financial and operating information for FY 2024 and the financial year ended December 31, 2023 (restated) are presented below. All financial information is prepared in accordance with International Financial Reporting Standards ("IFRS"), and all dollar amounts are expressed in thousands of US dollars, except per unit amounts, unless otherwise indicated.2024 Annual Highlights Notes for both tables above:(1) Silver Equivalent Produced (ounces) have been calculated using prices of $23.85/oz, $1.21/lb, $0.94/lb and $3.91/lb for silver, zinc, lead and copper respectively applied to the metal production divided by the silver price as stated here.(2)Silver Equivalent Sold (payable ounces) have been calculated using the Average Realized Price per Ounce of Silver Equivalent Sold stated in the table above, applied to ...Full story available on Benzinga.com

2025-05-29

Taysha Gene Therapies Announces Pricing of Public Offering of Common Stock and Pre-Funded Warrants

DALLAS, May 28, 2025 (GLOBE NEWSWIRE) -- Taysha Gene Therapies, Inc. (Nasdaq: TSHA) (Taysha or the Company), a clinical-stage biotechnology company focused on advancing adeno-associated virus (AAV)-based gene therapies for severe monogenic diseases of the central nervous system (CNS), today announced the pricing of an underwritten public offering of 46,868,687 shares of its common stock at a price to the public of $2.75 per share and, in lieu of common stock to certain investors that so choose, pre-funded warrants to purchase 25,858,586 shares of its common stock at an offering price of $2.749 per pre-funded warrant, in each case before underwriting discounts and commissions. All of the securities are being offered by Taysha. In addition, Taysha has granted the underwriters a 30-day option to purchase up to an additional 10,909,090 shares of common stock at the public offering price, less underwriting discounts and commissions. The gross proceeds from the offering to Taysha are expected to be approximately $200.0 million, before deducting underwriting discounts and commissions and other offering expenses, excluding any exercise of the underwriters’ option to purchase additional shares. The offering is expected to close on or about May 30, 2025, subject to customary closing conditions.

Elon Musk officially leaves the White House
2025-05-29

Elon Musk officially leaves the White House

Billionaire Tesla CEO Elon Musk's time working for President Donald Trump is over.

US To Start Revoking Visas Of Chinese Students: Rubio
2025-05-29

US To Start Revoking Visas Of Chinese Students: Rubio

US To Start Revoking Visas Of Chinese Students: Rubio Authored by T.J. Muscaro via The Epoch Times (emphasis ours),Secretary of State Marco Rubio announced on May 28 that the United States would begin revoking visas of Chinese students, including those with connections to the Chinese Communist Party (CCP).“The U.S. will begin revoking visas of Chinese students, including those with connections to the Chinese Communist Party or studying in critical fields,” Rubio wrote on X.The State Department confirmed the action in a short press release, stating that it will work with the Department of Homeland Security to “aggressively revoke” the visas. It will also revise the visa criteria and “enhance scrutiny of all future visa applications” from China and Hong Kong.The Epoch Times reached out to the State Department for further comment on the matter.According to the State Department, the Chinese regime monitors Chinese students, mobilizing them through the Chinese Students and Scholars Association (CSSA). Some CSSA branches in the United States have openly admitted that they are directed, supported, or financed by Chinese consulates. These students have been known to attempt forced cancellation of events or speeches hosted by overseas dissident groups at U.S. schools.The FBI warns on its website that the CCP uses its post-graduate students and post-doctorate researchers in fields like engineering, science, and mathematics to “operate as non-traditional collectors of intellectual property.”“China is the world’s principal infringer of intellectual property. The annual cost to the U.S. economy of counterfeit goods, pirated software, and theft of trade secrets is between $225 billion and $600 billion,” the FBI states.Rubio’s announcement comes two months after House Republicans raised the issue of Chinese student visas on March 14.Introduced, in part, by Rep. Riley Moore (R-W. Va.), the “Stop Chinese Communist Prying by Vindicating Intellectual Safeguards in Academia Act of 2025,” or “Stop CCP VISAs Act of 2025,” would ban Chinese citizens from obtaining student visas, citing CCP-related national security concerns.“Every year we allow nearly 300,000 Chinese nationals to come to the U.S. on student visas. We’ve literally invited the CCP to spy on our military, steal our intellectual property, and threaten national security,” Moore said in a statement to The Epoch Times.The bill was co-sponsored by Reps. Brandon Gill (R-Texas), Scott Perry (R-Pa.), Addison McDowell (R-N.C.), Andrew Ogles (R-Tenn.), Troy Nehls (R-Texas), Owens Burgess (R-Utah), and Mary Miller (R-Ill.)“The Chinese Communist Party is fundamentally opposed to our American values, and yet we have handed out hundreds of thousands of student visas to Chinese nationals, many of whom are state-sponsored spies,” Gill said in a statement to The Epoch Times.Recent CasesSome Chinese nationals who have gained access to the United States under student visas have also been at the center of legal matters concerning national security.In 2020, Ye Yanqin, a lieutenant in the People’s Liberation Army, who attended Boston University from October 2017 to April 2019 on an exchange program, was charged by federal prosecutors with allegedly concealing her continued military service on her visa application. She allegedly completed “numerous assignments” for the Chinese military, including sending U.S. documents to China and retrieving U.S. military intelligence.In October 2024, five Chinese nationals who were students at the University of Michigan as part of a joint program with the China-based Shanghai Jiao Tong University were indicted after being accused of misleading investigators about their trip to a remote military site in-state and conspiring to delete photo evidence from their cell phones.In December 2024, Wen Shenghua, a Chinese national, was arrested in California for allegedly making military shipments to North Korea. Shengua had also overstayed his student visa.More Visa ChangesThe news also comes one day after a senior State Department official confirmed to The Epoch Times that an internal cable was sent to American embassies around the world, pausing student visa interviews effective May 27.That suspension, according to the cable, which prohibits consular sections from adding any appointment slots for student and exchange visitor visas “until further guidance is issued,” was part of an effort to strengthen the vetting process of visa applicants, specifically regarding social media screenings.“There is no right to a student visa,” Rubio told reporters in March. “We can cancel a student visa under the law just the same way that we can deny a student visa under the law. And we will do so in cases we find appropriate.”This announcement also comes hours after Rubio announced new visa restrictions for foreign nationals found to be involved with censoring the free speech of U.S. citizens.“For too long, Americans have been fined, harassed, and even charged by foreign authorities for exercising their free speech rights,” Rubio announced in a post on X.“Today, I am announcing a new visa restriction policy that will apply to foreign officials and persons who are complicit in censoring Americans. Free speech is essential to the American way of life—a birthright over which foreign governments have no authority.”Ryan Morgan, Emel Aken, Frank Fang, and Eva Fu contributed to this report. Tyler DurdenWed, 05/28/2025 - 22:35

2025-05-29

ORGANON BIOTHERAPEUTICS SHAREHOLDER ALERT: CLAIMSFILER REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Organon & Co. - OGN

NEW ORLEANS, May 28, 2025 (GLOBE NEWSWIRE) -- ClaimsFiler, a FREE shareholder information service, reminds investors that they have until July 22, 2025 to file lead plaintiff applications in a securities class action lawsuit against Organon & Co. (NYSE:OGN), if they purchased the Company's securities between October 31, 2024 and April 30, 2025, inclusive (the "Class Period"). This action is pending in the United States District Court for the District of New Jersey.Get HelpOrganon investors should visit us at https://claimsfiler.com/cases/nyse-ogn/ or call toll-free (844) 367-9658. Lawyers at Kahn Swick & Foti, ...Full story available on Benzinga.com

2025-05-29

Elon Musk is leaving the Trump administration after leading effort to slash federal government

Elon Musk is leaving his government role as a top adviser to President Donald Trump after spearheading efforts to reduce and overhaul the federal bureaucracy. The billionaire entrepreneur posted Wednesday about his decision on X, his social media website. “As...

South Korean presidential election roiled by coffee beans, Chanel bags and room salon
2025-05-29

South Korean presidential election roiled by coffee beans, Chanel bags and room salon

South Korea’s presidential race has devolved into personal attacks and petty disputes, drowning out meaningful policy debate after Yoon Suk Yeol was ousted over his martial law fiasco

CNBC Daily Open: Trump's ‘reciprocal' tariffs face an uncertain future — and that's good for markets and businesses
2025-05-29

CNBC Daily Open: Trump's ‘reciprocal' tariffs face an uncertain future — and that's good for markets and businesses

A U.S. federal court ruled Wednesday that President Donald Trump exceeded his authority with his “reciprocal” tariffs. Nvidia first-quarter earnings beat LSEG estimates. Export restrictions to China, however, are weighing on Nvidia. Trump on Wednesday pushed back against the “TACO theory,” or “Trump Always Chickens Out.” U.S. futures jumped early Thursday on news regarding Trump’s “reciprocal” tariffs. Tesla investors wrote a letter demanding Musk to work a minimum of 40 hours per week at the automaker. Analysts are warning the bond market could experience more ruction, which would put a lid on any stock rally.U.S. President Donald Trump has been accused of walking back on his trade policies — a Financial Times columnist succinctly described that apparent pattern as the “TACO” theory, or “Trump Always Chickens Out.”The walk-backs on tariffs has largely been a positive for markets. Now, a federal court has struck down his “reciprocal” tariffs — the same that were put on hold by Trump — lifting U.S. futures.Markets in extended trading were already buoyed by Nvidia’s sales figure in the January quarter. The chipmaker posted a 73% surge in revenue from its data center division, which includes artificial intelligence chips and other related components.Overall revenue jumped 69% to $44.06 billion from $26 billion a year earlier — and would have been even higher if not for restrictions on exports to China, Nvidia said.In other words, demand for AI chips is still booming, despite worries about companies not needing as many advanced chips and corporations spending less because of uncertainty caused by tariffs. And with the courts starting to rein in Trump’s trade policies, it’ll likely boost business sentiment — and Nvidia’s revenue.However, chip export restrictions to China are unlikely to be pulled back, since those rules, in the White House’s view, are more a matter of national security than “negotiation” — which was how Trump characterized his tariff moves.In any case, with recent developments, there could be much less deal-making for Trump to do.What you need to know todayTrump ‘reciprocal’ tariffs stuck downThe U.S. Court of International Trade on Wednesday blocked Trump’s “reciprocal” tariffs on countries worldwide, which he enacted in April. In its ruling, the court said the International Emergency Economic Powers Act, which Trump invoked to impose the tariffs, does not authorize a president to levy universal duties on imports. The separate tariffs on Canada, Mexico, and China related to drug trafficking also “fail because they do not deal with the threats set forth in those orders,” the panel wrote, and ordered a permanent halt to the tariffs at issue in the case.Nvidia posts revenue jump despite China curbsNvidia first-quarter earnings beat LSEG estimates. Earnings per share came in at 96 cents adjusted, higher than 93 cents expected, while revenue was $44.06 billion — juiced by a 73% year-on-year jump in revenue from Nvidia’s data center division — which beat the $43.31 billion forecast. Investors cheered the results, pushing up Nvidia shares by 4.89% in extended trading. Export restrictions to China, however, are weighing on Nvidia. “The $50 billion China market is effectively closed to U.S. industry,” CEO Jensen Huang said.‘Negotiation,’ not backing out: TrumpTrump on Wednesday pushed back against the “TACO theory.” It describes a pattern which Trump announces new tariffs, sending markets tumbling, and then later pauses or lightens them, causing markets to rebound. When asked by CNBC about the term, Trump said his moves are “called negotiation.”Markets fell ahead Nvidia earningsMajor U.S. indexes slipped Wednesday as the yield on the 30-year Treasury briefly touched 5%. However, U.S. stock futures jumped early Thursday on news that Trump’s “reciprocal” tariffs were struck down by a Federal court. Asia-Pacific markets rose Thursday. South Korea’s Kospi index was up 1.8% at 1:45 p.m. Singapore time as the country’s central bank cut its interest rate to 2.5% from 2.75%, its lowest level since August 2022 and as expected by a Reuters poll of economists.Investors are growing nervous holding U.S. debtSpreads, or premiums, on U.S. 1-year credit default swaps — which are essentially the costs of insuring exposure to U.S. government debt — were up at 52 basis points as of Wednesday from 16 basis points at the start of this year, and are hovering at two-year highs, LSEG data showed. That suggests investors are growing nervous about the risks of financing U.S. debt. But analysts say rising premiums are more a speculative play or hedge against risk rather than a sign of impending financial crisis and insolvency.Tesla investors want Musk to work moreTesla investors on Wednesday wrote a letter to Robyn Denholm, the board chair, demanding CEO Elon Musk to work a minimum of 40 hours per week at the automaker as a condition of any new compensation plan they may arrange for him. Tesla’s “declining sales” and “a plummeting global reputation” linked to Musk’s role in the U.S. Department of Government Efficiency are are cause for serious concern,” the group of pension fund leaders wrote.[PRO] Bond yields might still pressure stocksHigher bond yields on Wednesday appeared to help put a damper on the stock market’s strong start to the week, with the 30-year Treasury yield pushing back toward the 5% level as the S&P 500 stalled. Analysts are warning the bond market could experience more ruction, which would put a lid on any stock rally.And finally...Bloomberg | Bloomberg | Getty ImagesA Commercial Aircraft Corp. of China (Comac) C919 aircraft under assembly at the Comac Shanghai Research and Development Center on May 4, 2017.Xi wants to boost China’s advanced manufacturing prowess — and Trump may not like itForget the factory lines for socks, sneakers and T-shirts. Trump wants to boost the domestic production of high-tech products, not apparel or footwear, he told reporters Sunday. However, China is doubling down on its efforts to bolster advanced manufacturing, which could put both countries on a collision course.Just last week, Chinese President Xi Jinping reaffirmed his plans for manufacturing-led growth during a visit to the northern province of Henan, pressing ahead with a strategy long criticized by the U.S. and major trade partners for deepening global trade imbalances.The manufacturing sector contributed to over 25% of China’s gross domestic product in 2023, according to the World Bank. While China’s push to expand its manufacturing capabilities is part of its goal to achieve self-reliance, especially in high-tech sectors, this could run counter to the Trump administration’s demands that China address its trade imbalances, experts warn.

2025-05-29

World Forum & Expo on Environmental Science & Applications

World Forum & Expo on Environmental Science & Applications, on July 21-23, 2025 Munich, Germany The objective of ENVI FORUM 2025 is [...]The post World Forum & Expo on Environmental Science & Applications appeared first on Canadian Mining Journal.

2025-05-29

FRONTIER LITHIUM'S FEASIBILITY STUDY CONFIRMS CA$932M NET PRESENT VALUE AND LOW-COST CONCENTRATE SUPPLY FOR PAK LITHIUM PROJECT

Updated Mineral Reserve Estimate Confirms 37% Growth in PAK ProjectGREATER SUDBURY, ON, May 28, 2025 /CNW/ - Frontier Lithium Inc. (TSXV:FL) (FRA: HL2) (OTCQX:LITOF) (the "Company" or "Frontier") is pleased to report the results of its Definitive Feasibility Study ("FS" or "Study" or "DFS") for the Mine and Mill segment of PAK Lithium Project ("PAK Project" or "Project") near Red Lake, Ontario. The Study confirms the Project could generate an estimated CA$11 billion in net revenue over a 31-year mine life, with an after-tax net present value (NPV) of CA$932 million, an Internal Rate of Return (IRR) of 17.9%, and average annual pre-tax earnings of $285 million in steady-state operations. These robust economics land the Project competitively in the global hard rock lithium cost curve, supporting Frontier's goal to become North America's lowest-cost producer of spodumene concentrate.Building on a 37% increase in mineral reserves, the Study establishes a stronger foundation for an extended mine life, greater scale, and improved economic outcomes for the Project. The Project has also been streamlined to produce a single, high-quality spodumene concentrate (SC6), aligning with market demand and enhancing operational focus."This DFS is a key milestone that builds the confidence to advance permitting, infrastructure, and strategic partnerships. With strong projected economics, low costs, and long-term earnings, the Project could drive self-funded future growth and support Canada's Critical Minerals Strategy," said Trevor Walker, President and CEO. He added, "Canada's pro-battery policies give Frontier a strategic edge as regional lithium supply deficits are expected to continue into the 2030s. We're developing a high-quality, large-scale, low-cost lithium resource to anchor a domestic supply chain—strengthening energy security, competitiveness, and sustainability. This is more than a lithium project—it's about nation-building and delivering long-term value to shareholders and generations of Canadians, including northern and Indigenous communities."Kota Ikenishi, General Manager of Battery Minerals Department at Mitsubishi Corporation, added: "We're very pleased with the release of this DFS, which marks an important step forward for the project just over a year after our investment. This progress reflects the strong commitment and capability of Frontier, and we truly appreciate their continued efforts. The DFS results highlight the project's outstanding quality and scale, showing that it stands among the top-tier lithium projects in North America. We believe that the PAK Project will make a meaningful contribution to building a reliable battery supply chain in Ontario, Canada and across North America. We look forward to continue working closely with our partner as the project moves toward production."Highlights of the Feasibility StudyStrong Project Economics (All in Canadian Dollars unless otherwise stated)The DFS outlines a phased development plan, consisting of with a mine and mill to produce 6% Li2O spodumene concentrate (SC6). The Project delivers compelling economics, including:Potential cumulative net revenue: CA$11 billionAfter-tax Net Present Value (NPV8%): CA$932 millionAfter-tax Internal Rate of Return (IRR): 17.9%Average annual earnings (steady state): CA$285 millionLife of Mine (LOM): 31 yearsThese results provide a robust basis for the Company to advance a Final Investment Decision (FID) target within the next 24 months.Industry-Leading Cost ProfileC1 Operating Cost1,2 (including transport): CA$602/t SC6 (US$439/t)[2]All-in Sustaining Cost (AISC)3,4: CA$624/t SC6 (US$456/t)Average Annual SC6 Production: 200,000 tonnesLife-of-Mine Stripping Ratio: 3.7:1 (waste:ore)Concentrate transportation assumptions are based on free on board (FOB) terms at Thunder Bay, where Frontier recently acquired a vacant industrial site on Mission Island to house its planned lithium conversion facility5. These cost metrics position the PAK Project firmly in a competitive position on the global hard rock cost curve, underscoring its strong cost competitiveness and resilience in volatile market conditions.Substantial Economic ContributionOver $1 billion in federal and $699 million in provincial tax revenues expected over the life of the Project.Additional $645 million of Ontario Mining Tax estimated for the province;Creation of more than 230 jobs at the mine site and sustained for the life of the Project._________________________________1C1 Cost and C1 Cost per tonne of concentrate sold: C1 Cost consists of all production related expenses including mining, processing, services, tailings handling, royalties, and general and administrative, plus treatment charges, penalties, transportation and other selling costs. C1 Cost per tonne of concentrate sold is calculated as C1 Cost divided by tonnes of spodumene concentrate sold.2 US$:CA$: 1.00:1.373 All-in Sustaining Costs (AISC) and AISC per tonne of concentrate sold: AISC consists of C1 Cost plus sustaining capital. AISC per tonne of concentrate sold is calculated as AISC divided by tonnes of spodumene concentrate sold.4 C1 Costs and AISC are non-GAAP financial measures or ratios and have no standardised meaning under IFRS Accounting Standards and may not be comparable to similar measures used by other issuers. As the Project is not in production, Frontier does not have historical non-GAAP financial measures nor historical comparable measures under IFRS, and therefore the foregoing prospective non-GAAP financial measures or ratios may not be reconciled to the nearest comparable measures under IFRS5 The lithium conversion facility will be developed separately by Frontier and is not included in the cost metrics described herein nor in the associated Technical Report.Expanded Mineral Reserves, Resources and Exploration UpsideProven & Probable Reserves: 31.1 million tonnes @ 1.51% Li2O — a 37% increase over the Company's pre-feasibility study published in 2023.Maiden Inferred Resource at the Bolt deposit: 5.5 million tonnes @ 1.23% Li2O.All deposits remain open at depth and with the recent Ember pegmatite discovery, located 1 km north of the Spark deposit, this further highlights the ongoing exploration upside and broader regional potential.Frontier is advancing project financing and has commenced the permitting process which is expected to be completed within the next two years.Table 1. PAK Project DFS – Summary of Key Results and AssumptionsDescriptionUnitsValueMacroeconomic ParametersSC6 Spodumene Concentrate Price,Long-TermUS$1,475US$:CA$ Exchange Rate, Long-TermUS$:CA$1.00:1.37Inflation Rate, Long-term1%2.0Project ParametersDiscount rate (real terms)%8.0Mine lifeYears31Mineable Mineral Reserves, TotalMt of ore31.1Mineable Mineral Reserves, PAKMt of ore3.9Mineable Mineral Reserves, SparkMt of ore27.2Grade Mined, PAK (LOM average)% Li2O1.96Grade Mined, Spark (LOM average)% Li2O1.44Annual Mill Throughput (LOM average)Ktpa1,040Lithium Recovery, PAK (LOM average)%77.9Lithium Recovery, Spark (LOM average)%77.5Concentrate Grade% Li2O6.0Total Concentrate Produced (LOM)Mt6.1Capital Expenditures (real terms)Development CapitalCA$ M943Sustaining CapitalCA$ M137Closure CapitalCA$ M60LOM Unit Operating Expenditure (real terms)MiningCA$/tonne of ore processed28.7ProcessingCA$/tonne of ore processed31.3Tailings Management FacilityCA$/tonne of ore processed1.2Non-process powerCA$/tonne of ore processed1.2HeatingCA$/tonne of ore processed0.9G&A5CA$/tonne of ore processed23.7Total OpexCA$/tonne of ore processed87.0Other Expenditures (real terms)Concentrate transport costsCA$/tonne of concentrate sold (wet)143LOM Undiscounted Cash Flows (real terms)Net RevenueCA$ M11,298Total OpexCA$ M(2,709)Closure Bond FeesCA$ M(19)Operating EarningsCA$ M8,569Capital ExpendituresCA$ M(1,138)Clean Technology Manufacturing Investment Tax CreditCA$ M120Change in Working CapitalCA$ M(15)Pre-Tax Cash FlowCA$ M7,536Income Tax, FederalCA$ M(1,049)Income Tax, ProvincialCA$ M(699)Mining Tax, ProvincialCA$ M(645)After Tax Cash FlowCA$ M5,144Cost Metrics (real terms)C1 Cost2, 4CA$/tonne of concentrate sold602All-In Sustaining Cost (AISC)3, 4CA$/tonne of concentrate sold624Notes:1. The inflation rate is used in the tax, depreciation, and working capital calculations only. The results of these calculations are deflated using the same inflation rate for use in the cash flow model.Full story available on Benzinga.com

Warren Buffett Has Discovered There's No Accounting For Tastes Through Berkshire's Candy Company: 'There Are All Kinds Of Crazy Things In The World That Consumers Do'
2025-05-29

Warren Buffett Has Discovered There's No Accounting For Tastes Through Berkshire's Candy Company: 'There Are All Kinds Of Crazy Things In The World That Consumers Do'

At Berkshire Hathaway's (NYSE:BRK) (NYSE:BRK) 2023 annual meeting, CEO Warren Buffett shared a rare insight into why See's Candies, a beloved West Coast confectioner owned by the conglomerate since 1972, hasn't expanded successfully beyond its core markets.What Happened: "We have this wonderful brand that doesn't travel," Buffett said. "The mystique, the actual product, the feelings people have about some things... it's limited to given markets."Despite See's strong economy in California and the western U.S., attempts to replicate that success elsewhere repeatedly fell short."We tried everything in the world to move the brand... and we always think we were right for the first week," Buffett said. "Then we find out that the magic—we can beat any other candy store pretty much—but there aren't any candy stores anymore to ...Full story available on Benzinga.com

China's EV price war heats up — What's behind the big discounts?
2025-05-29

China's EV price war heats up — What's behind the big discounts?

Chinese firm DeepSeek released an upgraded version of its reasoning AI model DeepSeek R1. DeepSeek rose to prominence this year after its free, open-source R1 reasoning model outperformed offerings from rivals including Meta and OpenAI. The low-cost and short time of development shocked global markets, wiping billions of dollars of value of major U.S. tech stocks.Chinese startup DeepSeek, which caused shockwaves across markets this year, quietly released an upgraded version of its artificial intelligence reasoning model.The company did not make an official announcement, but the upgrade of DeepSeek R1 was released on AI model repository Hugging Face.DeepSeek rose to prominence this year after its free, open-source R1 reasoning model outperformed offerings from rivals including Meta and OpenAI. The low-cost and short time of development shocked global markets, sparking concerns that U.S. tech giants were overspending on infrastructure and wiping billions of dollars of value of major U.S. tech stocks like AI stalwart Nvidia. These companies have since broadly recovered.Just as was the case with DeepSeek R1’s debut, the upgraded model was also released with little fanfare. It is a reasoning model, which means the AI can execute more complicated tasks through a step-by-step logical thought process.The upgraded DeepSeek R1 model is just behind OpenAI’s o4-mini and o3 reasoning models on LiveCodeBench, a site that benchmarks models against different metrics.DeepSeek has become the poster child of how Chinese artificial intelligence is still developing despite U.S. attempts to restrict the country’s access to chips and other technology. This month, Chinese technology giants Baidu and Tencent revealed how they were making their AI models more efficient to deal with U.S. semiconductor export curbs.Jensen Huang, CEO of Nvidia, which designs the graphics processing units required to train huge AI models, slammed U.S. export controls on Wednesday.“The U.S. has based its policy on the assumption that China cannot make AI chips,” Huang said. “That assumption was always questionable, and now it’s clearly wrong.”“The question is not whether China will have AI,” Huang added. “It already does.”

China's DeepSeek quietly releases upgraded R1 AI model, ramping up competition with OpenAI
2025-05-29

China's DeepSeek quietly releases upgraded R1 AI model, ramping up competition with OpenAI

Chinese firm DeepSeek released an upgraded version of its reasoning AI model DeepSeek R1. DeepSeek rose to prominence this year after its free, open-source R1 reasoning model outperformed offerings from rivals including Meta and OpenAI. The low-cost and short time of development shocked global markets, wiping billions of dollars of value of major U.S. tech stocks.Chinese startup DeepSeek, which caused shockwaves across markets this year, quietly released an upgraded version of its artificial intelligence reasoning model.The company did not make an official announcement, but the upgrade of DeepSeek R1 was released on AI model repository Hugging Face.DeepSeek rose to prominence this year after its free, open-source R1 reasoning model outperformed offerings from rivals including Meta and OpenAI. The low-cost and short time of development shocked global markets, sparking concerns that U.S. tech giants were overspending on infrastructure and wiping billions of dollars of value of major U.S. tech stocks like AI stalwart Nvidia. These companies have since broadly recovered.Just as was the case with DeepSeek R1’s debut, the upgraded model was also released with little fanfare. It is a reasoning model, which means the AI can execute more complicated tasks through a step-by-step logical thought process.The upgraded DeepSeek R1 model is just behind OpenAI’s o4-mini and o3 reasoning models on LiveCodeBench, a site that benchmarks models against different metrics.DeepSeek has become the poster child of how Chinese artificial intelligence is still developing despite U.S. attempts to restrict the country’s access to chips and other technology. This month, Chinese technology giants Baidu and Tencent revealed how they were making their AI models more efficient to deal with U.S. semiconductor export curbs.Jensen Huang, CEO of Nvidia, which designs the graphics processing units required to train huge AI models, slammed U.S. export controls on Wednesday.“The U.S. has based its policy on the assumption that China cannot make AI chips,” Huang said. “That assumption was always questionable, and now it’s clearly wrong.”“The question is not whether China will have AI,” Huang added. “It already does.”

Victoria's Secret Exposed In 'Security Incident' As Site Goes Offline For Days, Shares Down 6.9%
2025-05-29

Victoria's Secret Exposed In 'Security Incident' As Site Goes Offline For Days, Shares Down 6.9%

Victoria's Secret Exposed In 'Security Incident' As Site Goes Offline For Days, Shares Down 6.9% Fashion giant Victoria's Secret & Co. has halted certain office operations and told employees to avoid using company technology amid a "security incident" that has caused the company to take their e-commerce and some store services offline.Employees were locked out of email accounts on Wednesday, a 'person familiar with the situation' told Bloomberg Thursday. Shares of the company fell 6.9% (Beavis) on Wednesday."Recovery is going to take awhile," said CEO Hillary Super in a note seen by Bloomberg, which adds that customer care operations and some distribution center operations had been halted.also...The incident comes on the heels of yet another retailer - Adidas AG - which said that customer data was stolen by a third-party service provider, which included the contact information of anyone who had emailed the German company's customer service help desk.One sec...As Bloomberg continues;In addition, several UK retailers announced breaches in recent weeks. Marks & Spencer Plc said it is facing a £300 million ($403 million) hit to operating profit from a cyberattack that disrupted sales and operations. The hackers were able to breach M&S’s systems via human error at a third party, the company said. The UK supermarket chain Co-op said intruders were able to access and extract customer data during a recent cyberattack, while luxury department store Harrods Ltd. disclosed that it had suffered attempts to compromise its systems. A hacking group called DragonForce claimed responsibility for the UK attacks - which came after investor BBRC International Pte Limited increased its stake in Victoria's Secret - causing the company to adopt a poison pill strategy.We hope they can pull this off! Tyler DurdenWed, 05/28/2025 - 22:10

PDD Holdings Analysts Cut Their Forecasts After Q1 Earnings
2025-05-28

PDD Holdings Analysts Cut Their Forecasts After Q1 Earnings

PDD Holdings Inc. (NASDAQ:PDD) posted weaker-than-expected first-quarter results on Tuesday.PDD Holdings posted first-quarter earnings of $1.56 per share, missing market estimates of $2.49 per share. The company’s sales came in at $13.18 billion versus expectations of $14.17 billion.“In the first quarter, we made substantial investments in our platform ecosystem to support merchants and consumers amid rapid changes in the external environment,” said Mr. Lei Chen, Chairman and Co-Chief Executive Officer of PDD Holdings. “These investments weighed on short-term profitability but gave merchants the room to adapt and ...Full story available on Benzinga.com

2025-05-28

AFARAK GROUP SE: REDUCTION OF THE SHARE PREMIUM RESERVE

15:45 London, 17:45 Helsinki, 28 May 2025 - Afarak Group SE ("Afarak" or "the Company") (LSE: AFRK, NASDAQ: AFAGR)

Why Whirlpool's Margins Have Tailwinds Despite Memorial Day Promotions
2025-05-28

Why Whirlpool's Margins Have Tailwinds Despite Memorial Day Promotions

Industry checks revealed that, according to Goldman Sachs, Whirlpool Corp (NYSE:WHR) offered the lowest discounts around Memorial Day.The Whirlpool Analyst: Analyst Susan Maklari maintained a Buy rating and price target of $100.The Whirlpool Thesis: The recently announced tariffs have raised appliance prices across the industry, but higher promotions are offset some of this, Maklari said in the note.Check out other analyst stock ratings.She added that the average discount, which stood at 24%, was ...Full story available on Benzinga.com

2025-05-28

Ford recalls over 1 million vehicles for glitchy rearview cameras - The Verge

Ford recalls over 1 million vehicles for glitchy rearview cameras The VergeFord recalls nearly 1.1 million vehicles over rearview camera software issue CNBCFord recalls more than 1 million vehicles over rearview camera glitch CBS NewsFord recalls over 1M vehicles for camera issue. See affected models. USA TodayFord recalls more than 1 million vehicles in the U.S., Canada for backup cameras Automotive News

Fox News Host Roasts Trump's Mornings: 'Wake Up, Watch Cable News, Create Chaos, Watch The Futures Tank'
2025-05-28

Fox News Host Roasts Trump's Mornings: 'Wake Up, Watch Cable News, Create Chaos, Watch The Futures Tank'

Fox News co-host Jessica Tarlov took a swipe at President Donald Trump on X recently, mocking his “morning schedule” as he continues to publicly threaten individual companies like Apple (NASDAQ:AAPL) with tariffs. Trump recently warned that he would impose a 25% tariff on all iPhones not made in the U.S., a move that stunned analysts and rattled Apple’s stock. Don't Miss:Hasbro, MGM, and Skechers trust this AI marketing firm — Invest before it's too late.‘Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. You can invest today for just $0.30/share with a $1000 minimum.Critics argue that targeting specific companies by name is an unusual and aggressive tactic that adds uncertainty to the business environment. Tarlov’s sarcastic checklist included, “Wake up, Watch cable news, Create chaos, Watch the futures tank.”Donald Trump's morning schedule:✅ Wake up✅ Watch cable news✅ Create chaos✅ Watch the futures tank https://t.co/xWkZ5IlY1T— Jessica Tarlov (@JessicaTarlov) May 23, 2025Full story available on Benzinga.com

2025-05-28

AFARAK GROUP SE: REDUCTION OF SHARE CAPITAL REGISTERED IN THE FINNISH TRADE REGISTER

15:45 London, 17:45 Helsinki, 28 May 2025 - Afarak Group SE ("Afarak" or "the Company") (LSE: AFRK, NASDAQ: AFAGR)

Here's How Much $100 Invested In Amazon.com 15 Years Ago Would Be Worth Today
2025-05-28

Here's How Much $100 Invested In Amazon.com 15 Years Ago Would Be Worth Today

Amazon.com (NASDAQ:AMZN) has outperformed the market over the past 15 years by 14.17% on an annualized basis producing an average annual return of 25.98%. Currently, Amazon.com has a market capitalization of $2.16 trillion. Buying $100 In AMZN: If an ...Full story available on Benzinga.com

Northern Lights Forecast: 10 States May See Aurora Borealis Tonight After Geomagnetic Storms
2025-05-28

Northern Lights Forecast: 10 States May See Aurora Borealis Tonight After Geomagnetic Storms

Some radio blackouts are expected later in the week, forecasters said.

2025-05-28

Stock Market Today: Dow Jones Dips As Nvidia Earnings Loom; Tesla Slides, Trump Media Rises On Bitcoin News (Live Coverage)

Dow Jones tried to get above the 200-day moving average in the stock market today. The post Stock Market Today: Dow Jones Dips As Nvidia Earnings Loom; Tesla Slides, Trump Media Rises On Bitcoin News (Live Coverage) appeared first on Investor's Business Daily.

These Analysts Boost Their Forecasts On Box Following Upbeat Q1 Results
2025-05-28

These Analysts Boost Their Forecasts On Box Following Upbeat Q1 Results

Box, Inc. (NYSE:BOX) posted better-than-expected first-quarter results and raised its FY2026 guidance after Tuesday’s closing bell.The company reported quarterly earnings of 30 cents per share, which beat the Street estimate of 26 cents. Quarterly revenue came in at $276 million, which beat the consensus estimate of $274.8 million and is an increase over revenue of $264.66 million from the same period last year."We are at a pivotal moment in history where AI is revolutionizing work and business," said Aaron Levie, CEO of Box. "In this AI-first era, organizations are embracing this ...Full story available on Benzinga.com

Salesforce Inc: AI Ambitions Vs. Stock Realities Ahead Of Q1 Earnings Reveal
2025-05-28

Salesforce Inc: AI Ambitions Vs. Stock Realities Ahead Of Q1 Earnings Reveal

Salesforce Inc (NYSE:CRM) is back in the spotlight, and not just for its high-profile, $8 billion Informatica acquisition. With first-quarter earnings set to drop after the bell on Wednesday, the real question is whether CEO Marc Benioff's AI-fueled ambitions can finally light a fire under a stock that’s been stuck in reverse.Powering Its Agentforce PlatformCRM stock has shed over 16% year-to-date and 4.35% in just the past month. Wall Street expects the company to report an EPS of $2.55 on revenue of $9.75 billion for the quarter, as it reports after the market closes. Following a revenue miss earlier this year, the tech giant has taken a reputational bruise even as it builds what it calls the "AI-first ...Full story available on Benzinga.com

Trump Family's Expanding Crypto Ties Raise Questions On Ethics, Influence, And Investor Risk
2025-05-28

Trump Family's Expanding Crypto Ties Raise Questions On Ethics, Influence, And Investor Risk

The Trump family's growing engagement with the cryptocurrency world has triggered increasing scrutiny, with projects involving everything from meme coins and NFTs to stablecoins and DeFi ventures, many of which are raising ethical and regulatory questions.What Happened: Donald Trump, despite being a convicted felon and a sitting U.S. president, has embraced the digital asset industry both politically and personally.His involvement now spans executive orders, campaign-linked ventures, and direct financial stakes in crypto assets. Among the most visible is World Liberty Financial (WLFI), a DeFi-oriented platform that named Trump as its "chief crypto advocate" and appointed his three sons as "Web3 ambassadors."WLFI's operations have drawn skepticism.Despite its large-scale initiatives, including a $2 billion market cap stablecoin called USD1, the platform offers no reserve audits or attestations. It has conducted only two on-chain votes, none of which authorized major product launches or token purchases. Reportedly, inclusion in its token portfolio has been influenced by whether projects reinvested in WLFI itself. The firm's governance activity often features AI-generated content riddled with factual errors.Much of WLFI's ...Full story available on Benzinga.com

The Rising Moron Premium
2025-05-28

The Rising Moron Premium

The Rising Moron Premium By Michael Every of RabobankColorfully, a Financial Times op-ed just talked of America’s rising ‘moron premium’ in markets. However, it’s written by the neoliberal neoclassical-economics neocon school that many neutral observers see as having created the conflating problems now being dealt with in a way the FT sees as moronic. Indeed, there is a lot of that premium about globally.Markets loved the big rise in US consumer confidence yesterday, which is largely being put down to the 90-day US-China tariff pause. Yet does that mean the tariff pause is now the norm rather than, as stated, a PAUSE?On trade, Wolfgang Munchau says the threatened 50% tariff on the EU is there to make the 20% one before it look good, and others add Europe still needs to freeze China out to get a US deal; China is doubling down on its neo-mercantilist strategy, irritating even a Europe looking for other options; and while India and the US just signaled that a bilateral trade deal is close, which is positive, it’s not the world order the FT wants.At the same time, the Wall Street Journal notes, ‘The Self-Driving Truck Startup That Siphoned Trade Secrets to Chinese Companies’, where: “Some officials now believe the US has erred in trusting Chinese entities to abide by such agreements." Moreover, Bloomberg notes ‘Glass Plant Shows How US Can Revive Manufacturing’ with actual evidence that: “Yes, the US can manufacture products competitively. Tariffs to offset China’s subsidies also help. No, it won’t take an army of factory workers. But it will take a lot of technicians and trade professionals [and] new technology run by software and robots.” Not Chinese memes of obese Americans struggling to assemble electronics without the advantage of what the New York Times describes as the Asian advantage of “small hands.” Also in markets, no sooner did The Economist warn of long-end bonds selling off than the Bank of Japan suggested issuing fewer long maturities and global long yields tumbled again. However, does anyone think the flood of new issuance about to hit us globally just disappeared? Something will have to be done as military spending soars: less social spending; more taxation; more issuance at other maturities; more QE; yield curve control; off-book spending via state investment banks or leveraged sovereign wealth funds; something-something stablecoins and Bitcoin; or a fusion daisy-chaining central bank buying of each other’s bonds. However, the IMF just allowed the UK Chancellor to “refine” her fiscal rules to prevent more tax hikes or spending cuts ‘unless shocks arise’. I’m sure this let-me-wipe-that-egg-off-your-face largesse will be extended to all parties globally, whether they are FT op-ed fans or not.Meanwhile, in geopolitics -- which any fool can see now drives markets -- President Trump warned President Putin that he’s “playing with fire” and if not for him, “lots of really bad things would have already happened to Russia, and I mean REALLY BAD". The threat is clearly of US sanctions ahead, which could certainly light fires under some markets if acted on. Imagine no Russian energy or wheat, just for two examples. Explain to me what the world looks like then without using the word “crisis”.On the other hand, Trump reportedly also told Israel’s Netanyahu to avoid steps that undermine Iran nuclear talks, as the market waits for an OPEC+ is about to unleash a flood of new oil supply.Eyebrows should also be raised by Greenland -- with an army of two men, a flashlight, and a dog called Colin -- telling both the EU and the US to hurry to invest in its minerals or it will turn to China. Perhaps they and Micronesia can set up a committee to solve our global problems?In domestic politics, US universities -- which were just flagged by the Fed Chair as strategic assets, alongside a call for students to “stand up for democracy”, obviously all about a 2% CPI target rather than an issue that will see more friction between the White House and the Fed-- are reported by the WSJ to be prepping to achieve even higher investment returns on their soon-to-be-taxed endowment funds. Let’s see who gets an A and who just uses an AI. That’s as a Harvard professor is fired for manipulating data on dishonesty (really!), and US embassies globally are told to stop foreign student interviews - not just for Harvard.Circling back, it’s surely not unrelated that Bloomberg is noting ‘Asia's 'Sell America' Moment Threatens $7.5 Trillion Investment’. Because if you can’t send your kids to Harvard as a status symbol, what are you going to do?But where is Asia going to put its stock of cash if so: which ‘lucky’ economy is going to see its currency pushed through the ceiling, and its export industries through the floor, and far larger trade deficits, and far greater political polarisation? Apparently, Europe if one listens to the ECB’s Lagarde, who just claimed this is all a “prime opportunity” for it. Well, that’s one way to view it, and the FT and Economist op-ed writers, with their glorious track records of success, would be right behind them.Meanwhile, another FT op-ed argues that as AI is introduced in offices ‘Professionals are losing control of their work’ as “Tools which monitor, direct or organise processes may reduce the scope for employees to try new ways of doing things.” It’s not as if the old way of doing things was getting great results either in some cases but, yes – what could go wrong here, right?Not using an AI, a summary of Aussie CPI today could be “Oops!” given we recently got a 25bp RBA rate cut with talk of 50bp having been discussed, which is already revving up the housing bulls... and we just saw headline CPI for April at 2.4% y-o-y, a tick higher than expected, and trimmed mean at 2.8%, up from 2.7% (with no market consensus). Nearby in New Zealand we got the expected RBNZ 25bp rate cut down to 3.25%, but without a unanimous vote behind it, and with the Bank’s projections including at least one more of the same ahead. Tyler DurdenWed, 05/28/2025 - 10:40

2025-05-28

ROSEN, RECOGNIZED INVESTOR COUNSEL, Encourages NAPCO Security Technologies, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – NSSC

NEW YORK, May 27, 2025 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of NAPCO Security Technologies, Inc. (NASDAQ:NSSC) between February 5, 2024 and February 3, 2025, both dates inclusive (the "Class Period"), of the important June 24, 2025 lead plaintiff deadline.SO WHAT: If you purchased NAPCO securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.WHAT TO DO NEXT: To join the NAPCO class action, go to https://rosenlegal.com/submit-form/?case_id=34463 or call Phillip Kim, Esq. at 866-767-3653 or email [email protected] for more information. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than June 24, 2025. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable ...Full story available on Benzinga.com

YouWare Launches as the First AI Coding Platform for Creators
2025-05-28

YouWare Launches as the First AI Coding Platform for Creators

Empowering a new generation of creators to turn ideas into interactive experiences with AI. SHENZHEN, China, May 27, 2025 /PRNewswire/ -- YouWare, the world's first AI coding platform built for creators, is officially live. YouWare empowers creators of all backgrounds, not just engineers,...

2025-05-28

Texas Commercial Sales-Based Financing Bill Gets Last Minute ACH Ban Amendment

The Commercial Sales-Based Financing bill that passed through the Texas House of Representatives two weeks ago has now also passed through the Senate, but with a rather controversial amendment. In the Senate version, passed yesterday, and viewable on the right hand side of this document), sales-based financing providers would not be allowed to automatically debit [...]

Nvidia, AMC, PDD Holdings, Trump Media And Tesla: Why These 5 Stocks Are On Investors' Radars Today
2025-05-28

Nvidia, AMC, PDD Holdings, Trump Media And Tesla: Why These 5 Stocks Are On Investors' Radars Today

U.S. markets closed higher on Tuesday, with the S&P 500 ending the day 2.05% higher at 5,921.54, while the Dow Jones Industrial Average rose 1.8% to 42,343.65. The Nasdaq also spiked nearly 2.5% to 19,199.16.These are the top stocks that gained the attention of retail traders and investors throughout the day:Nvidia Corp. (NASDAQ:NVDA) saw a rise of 3.21%, closing at $135.50. The stock reached an intraday high of $135.66 and a low of $133.31, with a 52-week range between $153.13 and $86.63. Nvidia is gearing up for its first-quarter earnings report, with Wall Street anticipating an EPS of 88 cents and revenue of $43.54 billion. Despite being slightly under its eight-day simple moving average, the stock has shown strong technical performance, surging over 20% in the past month.AMC Entertainment Holdings Inc. (NYSE:AMC) surged 23.77%, closing at ...Full story available on Benzinga.com

AutoZone’s Profit Margins Shrink, Company Remains Confident in Market-Share Growth
2025-05-28

AutoZone’s Profit Margins Shrink, Company Remains Confident in Market-Share Growth

An analyst said the auto parts giant could benefit from U.S. tariffs on new cars and has limited exposure to Chinese supply chains.

2025-05-28

Asian shares, U.S. dollar climb on rosy data, tech optimism - Reuters

Asian shares, U.S. dollar climb on rosy data, tech optimism ReutersTreasuries Hold Drop After Weak Japan Bond Auction: Markets Wrap Bloomberg.comAsia stocks rise tracking Wall St gains; Tech upbeat before Nvidia earnings Investing.comAsian shares are mostly higher after S&P 500 rallies 2% MSNAsian Markets Mixed Amid Cautious Trades Nasdaq

Montfort Capital Announces Fiscal Year 2024 Financial Results
2025-05-28

Montfort Capital Announces Fiscal Year 2024 Financial Results

TORONTO, May 27, 2025 /CNW/ - Montfort Capital Corp. ("Montfort" or the "Company") (TSXV:MONT), today announced financial results for the fourth quarter and year ended December 31, 2024. All figures are reported in Canadian dollars unless otherwise noted. Financial Highlights Financial Highlights Three monthsendedDecember 31, 2024 Three monthsendedDecember 31, 2023 Year endedDecember 31,2024 Year endedDecember 31,2023 Revenue$1,306,866$853,580$4,721,936$3,482,053 Expenses2,644,6652,832,52010,488,21514,513,903 Net income loss fromcontinuing operations(1,337,799)(1,978,941)(5,785,323)(10,918,864) Net loss from discontinuedoperations(14,653,497)(3,604,230)(17,900,795)(1,583,860) Basic and diluted loss percommon share: from continuingoperations(0.02)(0.03)(0.09)(0.15) from discontinuedoperations(0.15)(0.04)(0.19)(0.02) As at December 31,2024Full story available on Benzinga.com

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