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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.
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
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
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
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
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.
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.”
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
And with wedding season in full swing, couples tying the knot this summer might need to brace for a steeper bill, thanks to tariffs.
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
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
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.
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
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? 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
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
CATL Reveals Game-Changing Leap In Battery Endurance InsideEVsChina's CATL boasts new EV battery chemistry, 100-second swaps driving.ca
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...
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.
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
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
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.
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
Billionaire Tesla CEO Elon Musk's time working for President Donald Trump is over.
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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
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
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 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
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.
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.
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
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
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.”
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% 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 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
15:45 London, 17:45 Helsinki, 28 May 2025 - Afarak Group SE ("Afarak" or "the Company") (LSE: AFRK, NASDAQ: AFAGR)
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
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 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
15:45 London, 17:45 Helsinki, 28 May 2025 - Afarak Group SE ("Afarak" or "the Company") (LSE: AFRK, NASDAQ: AFAGR)
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
Some radio blackouts are expected later in the week, forecasters said.
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.
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 (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
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 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
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
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,...
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 [...]
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
An analyst said the auto parts giant could benefit from U.S. tariffs on new cars and has limited exposure to Chinese supply chains.
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
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
French container line CMA CGM is partnering with Saigon Newport Corp. on a $600-million container terminal project in north Vietnam.The post CMA CGM developing $600M Vietnam container terminal appeared first on FreightWaves.
"We Are In Very Grave Danger As A Nation" Deep-State Expert Warns South Africa's Genocide Is Going Global Via Greg Hunter’s USAWatchdog.com,Journalist Alex Newman, author of the popular book “Deep State” and the recent best-selling book called “Indoctrinating Our Children to Death,” is warning people to pay attention to the genocide of white farmers in South Africa. What is happening there is something the Deep State wants to take global in their tyrannical takeover of all life and property on Earth. Newman, who once lived in South Africa, warns, “What’s happening down there to them is a microcosm, and that’s what they have planned for you, your country, your family and what’s left of the Christian West...""What I have documented (in 2012) very clearly and very unambiguously is this racist, murderous, communist program taking place in South Africa was backed by the highest levels of Deep State power. This includes the Council on Foreign Relations (CFR), the US State Department, including their allies and partners in Great Britian, and they all knew the Soviet Union was behind this and other communist governments were behind this. This is a monstrosity piled on a monstrosity and, again, what they are doing to the Afrikaners (white farmers) now, they plan to do to you as soon as they get the opportunity. Instead of amalgamating all these nations under a South African government, they want to amalgamate all these nations under a one world system. Barack Obama has said over and over again that he was inspired to get into politics because of what they were doing in South Africa. This all comes together here–and you are next. That’s why it’s important to watch what is happening in South Africa.”What are the tools the Deep State uses to gain total control? Look no further than the new global UN pandemic treaty and the huge push for climate change laws to give control to a few people at the top. Let’s start with the recently passed UN pandemic treaty, which President Trump cancelled for America. Newman says, “They have a clause about ‘misinformation,’ which means you can’t speak out or ask questions about what injections they demand you and your children take. It’s got digital infrastructure . . . . So, they will track everything, which will pave the way for international vaccine passports. . . . It gives exemptions (to drug makers) and fast tracks the same outrageous process that we have seen before in emergency use authorization (EUA). That is whatever crazy concoction they come up with and then tell us all what we need. It is everything that was wrong with Covid on steroids enshrined into international law.”The Climate Change hoax is equally disturbing. Newman says, “It’s not just our wealth that they are taking. They are taking from us our ability to produce wealth..."" This dawned on me in Paris. I was at the climate summit there around 2015. You had Barack Obama pledging to slash American CO2 emissions by a third over the next decade. This is essentially chopping American economic activity down. Meanwhile, the Communist Chinese were pledging they were going to keep increasing their CO2 emissions. To their credit, they absolutely lived up to that. . .. So, what happened was as we were shutting down our power plants and stopping energy production in this country . . . ...this was making manufacturing and business uncompetitive if you were operating in a global market. You could not continue doing business in the United States with energy prices skyrocketing while energy prices in China were stable or going down. They hollowed out our productive capacity and moved it over to Communist China under the scam of ‘Saving the Climate’. . .. That’s what is going on here, and Trump got us out of this whole thing. You cannot overstate the significance of this.”Newman fears America is much closer to a violent takeover attempt by the Deep State. Newman says, “The Leftists, the totalitarians, the people that want to do to us what they are doing to the South Africans right now want a civil war in this country. A lot of people on our side don’t see this...They don’t realize very dangerous forces are being unleashed across our country. They are preparing for an uprising, a violent revolution and violence in the streets. They are deliberately trying to do this.... We just saw this guy shooting a couple of embassy workers, and I think this is just the beginning for what they are preparing. They brought in special operators from Communist China. They brought in intelligence assets and gangsters from Venezuela and Cuba. They are preparing to stir up domestic conflict that we have never seen before......I think we are in very grave danger as a nation, and I don’t say this to scare anybody. The Lord does not give us the spirit of fear. I say this so we can understand it and prepare better for it and, hopefully, prevent it. . .. Sun Tzu, the Chinese military expert, said, ‘If you know yourself and you know your enemy, you are going to win every battle.’ We have to have a good understanding of the enemy, or we are not going to win.”There is much more in the 50-minute interview.Join Greg Hunter of USAWatchdog.com as he goes One-on-One with hard-hitting journalist Alex Newman, founder of LibertySentinel.org and author of the runaway best-selling book called “Indoctrinating Our Children to Death,” for 5.24.25.Newman’s website is called LibertySentinel.org. There is lots of free information and articles.To order Newman’s recent best-selling book called “Indoctrinating Our Children to Death,” click here.For a copy of Alex Newman’s popular book “Deep State,” click here. Tyler DurdenTue, 05/27/2025 - 22:35
This was CNBC’s live blog covering European financial markets.European stock markets close higher European stocks closed broadly higher on Tuesday, rounding off a calmer session following recent market rumbles.The pan-European Stoxx 600 index finished 0.33% higher as expectations built that eye-watering 50% U.S. tariffs on the European Union — threatened by U.S. President Donald Trump on Friday last week — will be averted by a trade deal.Germany’s DAX index closed 0.83% higher at 24,226.49 points, surpassing its record closing high set last Wednesday.Defense stocks including Hensoldt were among the best performers Tuesday, with fighting raging in the ongoing Russia-Ukraine war and Trump trading barbs with Russian officials, dampening hopes of a ceasefire. The European Union, meanwhile, signed off a previously announced 150 billion euro ($170 billion) arms fund aiming to boost regional security.Juliane Sonntag | Photothek | Getty ImagesThe German flag is flying on top of the Reichstag building in front of a stormy sky on May 16, 2025 in Berlin, Germany.Attention was also on the bond market following last week’s global sell-off. Government bond yields dipped in the U.S. and across most of Europe — a sign of higher prices and demand — after Reuters reported Japan may cut its issuance of longer-dated debt in response to rising borrowing costs. A lower supply of Japanese government bonds could push investors into other markets.That’s all from the Europe markets team today. On Wednesday we’ll be watching the production output meeting of oil alliance OPEC+, and earnings from U.S. tech giant Nvidia. See you tomorrow.— Jenni ReidEuropean and U.S. stock markets trade higherEuropean bourses are broadly higher in late deals, with the regional Stoxx 600 index up 0.45% and Germany’s DAX up nearly 1% at 4 p.m. in London.Markets are also in the green across the pond, with the Dow Jones Industrial Average trading 1.3% higher, the S&P 500 up 1.6% and the tech-oriented Nasdaq Composite popping 2%.— Jenni ReidThe EU is seeking to ‘quickly’ set dates for trade talks, Trump saysIn one of his regular morning updates on Truth Social, Trump said he is monitoring “positive” steps in trade talks with the European Union.It comes after markets cheered his decision to delay a 50% tariff on goods from the bloc until July 9.“I have just been informed that the E.U. has called to quickly establish meeting dates,” Trump wrote in a post on the social media platform.“This is a positive event, and I hope that they will, FINALLY, like my same demand to China, open up the European Nations for Trade with the United States of America.”Read more here.— Katrina BishopOPEC+ must be ‘mindful’ of growing demand, UAE energy minister urgesThe influence OPEC+ oil producers’ alliance must bear in mind upcoming increases in global crude demand, the UAE energy minister said on the eve of a group ministerial meeting to decide output policy.“This group is doing its best, but it’s not enough only this group, we need the help of others,” Suhail Mohamed al-Mazrouei said Tuesday in a World Utilities Congress panel moderated by CNBC’s Dan Murphy.“We need to be mindful of the demand. Demand is picking up. And demand is going to surprise us, if we’re not investing enough.”His comments echo a position repeatedly expressed by OPEC+ ministers that oil producers should continue sustaining output capacity in order to avoid energy shortages throughout the green transition. Critics of the group argue that such investment runs contrary to decarbonization efforts.Ministers of the broader OPEC+ are holding a virtual gathering to decide formal production policy on Wednesday, before eight group members that have been separately implementing two sets of voluntary output cuts meet at the end of the week. This latter subgroup has been slowly unwinding some of its production trims since March.Oil prices have been depressed by the prospect of supply hikes and the U.S.-led trade war. The Ice Brent contract with July expiry was down 0.65% from the Monday close price at $64.32 per barrel at 2:25 p.m. London time, while the front-month July Nymex WTI futures hit $61.12 per barrel, 0.67% lower from the previous day’s settlement.— Ruxandra IordacheBritish pound climbs against euro, U.S. dollar surgesIn currency markets, the British pound is continuing its recent ascent against the euro, while the U.S. dollar broadly surges.Sterling was up 0.26% against the euro at 12:55 p.m. in London, last trading around 1.193 euros — up from 1.175 euros at the start of May.A series of better-than-expected data releases helped boost sentiment around the U.K. economy last week, while a spike in U.K. inflation to 3.5% in April from 2.6% in March has fueled expectations that the Bank of England will exercise more caution in rate cuts this year. Higher interest rates tend to support the value of a currency. The U.K. is also set to benefit from its recently-struck trade deal with the U.S., while the European Union remains mired in a tariff dispute with the White House.“The massive inflation shock last week means that the Bank of England’s recent hawkishness is fully validated and the pound looks set to remain the second highest-rate G10 currency after the dollar for the foreseeable future,” Enrique Diaz-Alvarez, chief economist at Ebury, said in emailed comments Tuesday.Elsewhere, the U.S. dollar index was 0.25% higher as the market eyes hopes for an EU trade breakthrough.ING strategists said in a Tuesday note that April’s market action showed the dollar “bears the brunt of tariff drama.”— Jenni ReidEuropean insurance giants take $3.5 billion hit from Los Angeles wildfiresRead the full story here.European Union ministers sign off on 150 billion euro arms fundMinisters from European Union countries on Tuesday approved a 150 billion euro ($170 billion) arms fund aiming to boost Europe’s security and defense.Their sign-off was the final legal step for establishing the Security Action for Europe financial instrument at a time when concerns are growing about attacks from Russia and the U.S.’ commitment to supporting Europe’s security.“SAFE is a new EU financial instrument that will support those member states that wish to invest in defence industrial production through common procurement, focusing on priority capabilities,” according to the Council of the European Union.— Sophie KiderlinEuropean government borrowing costs fallYields on government bonds ticked lower across the board in Europe on Tuesday morning, as investors continued to digest U.S. President Donald Trump’s pause on 50% tariffs on the European Union.The yield on German 10-year bunds, seen as a benchmark for the euro zone, was 4 basis points lower by 9:30 a.m. in London. The U.K.’s 10-year gilt yield dropped 4 basis points, while French 10-year government bond yields were also down by 4 basis points. Italian 10-year bond yields dipped 2 basis points, as their Swiss counterparts moved 4 basis point lower.Bond yields and prices move in opposite directions — so a rise in demand can push prices higher and yields lower.Regional government bonds with shorter and longer maturity periods also moved lower, with long-dated U.K. bonds — known as gilts — seeing the biggest movements. Yields on 20- and 30-year gilts edged 7 basis points lower.In a note to clients on Tuesday, Deutsche Bank’s Jim Reid argued that markets were becoming “more accustomed to Trump’s threats and now partly assume the full threat won’t immediately materialize.”“Interestingly the dollar hasn’t rallied since the news on Friday and has instead edged lower. Investors are seemingly of the view that continued aggressive tariff headlines chip away at investors desire to hold US assets,” Reid said. — Chloe TaylorFrench inflation cools to 0.6% in MayLorenzo Franzoni | Getty ImagesCheese on display in a delicacy store on May 23, 2025, in Cannes, France.Provisional data from Insee, France’s statistics office, pointed to annual harmonized inflation increasing by 0.6% in May.It marked a slowdown from April, when French inflation rose by 0.9% on an annual basis.Slowing inflation could be attributed to a decline in the price of services, Insee said as it released the data on Tuesday, alongside contracting energy costs. Food prices were bucking the trend and increasing in France.— Chloe TaylorEuropean stocks rise in early tradeEuropean stock markets have broadly risen in the first 15 minutes of the trading day.The Stoxx Europe 600 index opened 0.2% higher, while the FTSE 100 posted a gain of 0.8%.Meanwhile, France’s CAC 40 declined by 0.2% and Germany’s DAX held steady.— Ganesh RaoGerman consumers feel more optimistic — but they’re hesitant to spend as tariffs threat lingersCarsten Koall | Getty ImagesPeople walk past stores in Berlin’s Steglitz district on May 24, 2025.German consumer sentiment improved in May, the GfK Consumer Climate report showed on Tuesday, but U.S. tariffs policies were found to be dampening willingness to spend.The report marked the third consecutive month in which the index moved higher, driven in part by slowing inflation and “good wage settlements” — but despite the improvement, sentiment remained low and consumers were hesitant to make discretionary purchases, analysts said.“The unpredictable customs and trade policy of the US government, turbulence on the stock markets and fears of a third consecutive year of stagnation are reasons why the consumer climate remains weak,” Rolf Bürkl, consumer expert at the NIM, said in a statement on Tuesday. “In view of the general economic situation, people seem to think it advisable to save.”The GfK Consumer Climate, which surveyed around 2,000 German consumers between May 1 and May 12, was jointly published by NIQ and the Nuremberg Institute for Market Decisions.— Chloe TaylorSome UK retailers are lowering prices to get ahead of tariffs, BRC saysChris Ratcliffe | Bloomberg | Getty ImagesA home appliances store in Chelmsford, U.K., on Jan. 28, 2025.Diving deeper into the British Retail Consortium’s inflation data, it appears that some U.K. retailers may be strategically lowering prices in a bid to get ahead of looming U.S. tariffs.“Non-food prices remained in deflation, but this slowed in categories such as fashion and furniture as retailers began to unwind heavy promotional activity,” BRC chief Helen Dickinson said in a statement on Tuesday. “Prices were falling faster for electricals as retailers tried to encourage spending before any potential knock-on impact from U.S. tariffs.”In the non-food category, prices contracted by 1.5% year on year in May, the BRC’s data showed.U.S. President Donald Trump recently threatened a 25% tariff on Apple in a bid to force the tech giant into moving production into the United States — a move that some have cautioned would drastically raise prices of the company’s products. Last month, the U.K. and the U.S. agreed on the framework for a trade deal — but uncertainties remain around how the Trump administration’s tariffs policies will affect wider supply chains.— Chloe TaylorU.K. food inflation jumps for fourth month in a rowFood inflation in the U.K. rose by 2.8% year-on-year in May, according to the British Retail Consortium, marking the fourth consecutive month of price rises. The figure was up from 2.6% year-on-year growth in April, and above the three-month average of 2.6%.Helen Dickinson, Chief Executive of the BRC, said in a statement on Tuesday that fresh food prices were the main driver of the price rises, with wholesale beef prices increasing. She argued that increased costs being leveraged on businesses were having an inflationary impact.“With retailers now absorbing the additional £5bn in costs from April’s increased Employer National Insurance contributions and National Living Wage, it is no surprise that inflation is rearing its head once again,” she said.— Chloe TaylorEuropean stock markets expected to open slightly lowerEuropean stock markets are expected to have a mostly negative open on Tuesday.Futures contracts tied to the Stoxx Europe 600 index point to a 0.2% loss at the open, while Germany’s DAX is poised to be in the red by 0.1%. Meanwhile, France’s CAC 40 is expected to open flat, and the U.K.’s FTSE 100 is bucking the trend with a 0.8% gain.— Ganesh Rao
The Dow and other major indexes acted strongly Tuesday. An AI stock rallied while Nvidia rose ahead of earnings on the stock market today.The post Stock Market Today: Dow Jones, S&P 500 Look To Rebound On Tariff Delay; AI Name Rallies On Salesforce Deal News (Live Coverage) appeared first on Investor's Business Daily.
23andMe on Tuesday announced it will voluntarily delist from the Nasdaq and de-register with the U.S. Securities and Exchange Commission, according to a release. The move comes after Regeneron Pharmaceuticals said earlier this month that it will acquire “substantially all” of 23andMe’s assets for $256 million. The drugmaker came out on top following a bankruptcy auction for 23andMe, a once high-flying genetic testing company that filed for for Chapter 11 bankruptcy protection in March.This is breaking news. Please refresh for updates.
ANCHORAGE, Alaska & NEW YORK--(BUSINESS WIRE)--May 27, 2025--
Union Home Mortgage brings home awards for Innovation, Compensation & Benefits, Leadership, Purpose & Values, and Work-Life Flexibility. STRONGSVILLE, Ohio, May 27, 2025 /PRNewswire/ -- Union Home Mortgage (UHM), a high-growth independent mortgage banking company with a world-class...
The High Court refused to hear Apache Stronghold’s appeal against the Arizona copper mine.
Expedia Group (NASDAQ:EXPE) has outperformed the market over the past 15 years by 2.78% on an annualized basis producing an average annual return of 14.58%. Currently, Expedia Group has a market capitalization of $20.28 billion. Buying $1000 In EXPE: If ...Full story available on Benzinga.com
Ontario mortgage delinquencies at highest level ever recorded, Equifax says Toronto StarThis is how many Canadians missed credit payments in the first quarter of 2025 CTV NewsEquifax report says 1.4M consumers missed a credit payment in Q1 YahooMissed debt payments reach highest level since 2009: Equifax MSNCanadians missing more payments, as one default rate reaches crisis-era level The Globe and Mail
The 90-plus day mortgage delinquency rate was the highest recorded by Equifax, which started tracking mortgages in 2012.
Delinquencies were up 71.5 per cent year over year, says the company, which started tracking mortgages in 2012.
Market Growth Driven by Rising Demand for Carbon-Neutral Fertilizers, Growing Focus on Decarbonization, Increasing Investment in Green Hydrogen Infrastructure, and Government Initiatives for Renewable Energy IntegrationREDDING, Calif., May 27, 2025 /PRNewswire/ -- According to a new market research report titled "Green Ammonia Market: Size & Forecast by Technology (Alkaline Water Electrolysis, PEM Electrolysis), Production Method (Haber-Bosch with Green Hydrogen, Electrochemical), Application (Fertilizer, Energy Storage) & Region - Global Forecast and Analysis to 2035", the green ammonia market is projected to reach $85.3 billion by 2035, up from an estimated $700.4 million in 2025, growing at a CAGR of 61.6% during the forecast period. The growth of this market is mainly driven by rising demand for carbon-neutral fertilizers, growing focus on decarbonization, increasing investment in green hydrogen infrastructure, and government initiatives for renewable energy integration. For more comprehensive insights, download the FREE report sample: https://www.meticulousresearch.com/download-sample-report/cp_id=6180Key Market Drivers and TrendsThe green ammonia market is witnessing explosive growth, primarily driven by the shift towards renewable energy integration and sustainable production technologies that are revolutionizing traditional ammonia production approaches. Integration of advanced electrolysis technologies and carbon-free marine fuel applications with comprehensive decarbonization capabilities is gaining momentum. Market expansion is further supported by the development of ammonia as a hydrogen carrier for energy storage and technological advancements in renewable electricity integration, especially in developed markets with advanced renewable energy infrastructure across agricultural, transportation, and industrial domains.Latest trends in the green ammonia market include the development of carbon-free fuel alternatives essential for maritime decarbonization and the industry's increasing focus on comprehensive green hydrogen ecosystem solutions. The market is increasingly focusing on robust, integrated systems that merge cutting-edge renewable energy technologies with comprehensive ammonia production facilities to meet the demands of the rapidly evolving sustainable energy and agricultural landscape.Growth OpportunitiesThe market presents substantial growth opportunities in emerging markets, which offer substantial expansion opportunities for market players looking to reach new customer bases seeking sustainable alternatives. Another major opportunity lies in the integration with renewable energy systems, which enhances the accessibility of advanced green hydrogen production capabilities. Additionally, the carbon credit trading potential and growing marine fuel applications are generating new revenue ...Full story available on Benzinga.com
Leading cryptocurrencies fell Monday as trading remained tepid on the Memorial Day holiday.CryptocurrencyGains +/-Price (Recorded at 9:30 p.m. ET)Bitcoin (CRYPTO: BTC)-1.23%$108,006.73Ethereum (CRYPTO: ETH) -1.41%$2,523.05Dogecoin (CRYPTO: DOGE) -2.60%$0.2203What Happened: Bitcoin surged to an intraday high of $110,376.88 in the afternoon before dropping to a low of $107,600 overnight. Ethereum recorded a similar dip in the late hours.The two blue-chip cryptocurrencies, BTC and ETH, saw slight increases in trading volumes, at 5.47% and 3.54%, respectively. About $190 million was liquidated from the cryptocurrency market in the last 24 hours, with $136 million in bullish bets getting wiped out.Bitcoin’s Open Interest was largely unchanged in the last 24 hours. Over the week, though, the money locked in derivatives has risen nearly 6%.About 58% of top trader accounts on Binance with open BTC positions were short as of this writing.The “Greed” sentiment prevailed in the market, as indicated by the Crypto Fear and Greed Index.Top Gainers (24-Hours)CryptocurrencyGains +/-Price ...Full story available on Benzinga.com
Ontario’s Bill 5, the Protect Ontario by Unleashing our Economy Act, is speeding through the province’s legislative process and could become law [...]The post Ontario government committed to passing Bill 5 but pledges to accommodate concerns appeared first on Canadian Mining Journal.
Tesla sold 7,261 cars in Europe in April, down 49% year-on-year, according to the European Automobile Manufacturers’ Association. Tesla has suffered brand damage over the past few months because of CEO Elon Musk’s political involvement with U.S. President Donald Trump. Tesla is also facing heightened competition in Europe.European sales of Tesla vehicles plunged in April, as the U.S. electric carmaker continues to face reputational damage regionally and rising competition.Tesla sold 7,261 cars in Europe in April, down 49% year-on-year, according to the European Automobile Manufacturers’ Association (ACEA). That drop came even as overall battery electric car sales rose 34.1% annually in April.Tesla has faced brand damage over the past few months because of CEO Elon Musk‘s political involvement with U.S. President Donald Trump, with protests erupting at Tesla dealerships across Europe in March.Tesla sales tanked nearly 40% year-on-year over the January-April period.The company launched an upgraded version of its Model Y sports utility vehicle this year, but its overall line-up of cars is still ageing, with no new mass market offering unveiled to date.At the same time, Tesla continues to battle rising competition from traditional automakers as well as aggressive Chinese players. Last week, separate data showed auto giant BYD sold more pure electric cars in Europe than Tesla for the first time.European consumers are also showing a preference for hybrid electric vehicles — cars with a small battery that still mainly run on traditional fuel. Hybrid electric vehicles account for just over 35% of the total European car market, ACEA data showed.Tesla does not have any hybrid electric cars on the market, only selling full battery-powered vehicles.Investors have questioned Musk’s dedication to Tesla because of his time advising Trump and his role leading the so-called Department of Government Efficiency. Musk said on the most recent Tesla earnings call that his time spent running DOGE would drop significantly by the end of May, but that he plans to dedicate a “day or two per week” on government work.The tech billionaire added in a recent public speech that he is committed to leading Tesla for the next five years.– CNBC’s Ashley Capoot contributed to this report.
BEIJING, May 26, 2025 (GLOBE NEWSWIRE) -- On May 24, the opening ceremony of the 2025 Beijing Art Season was held at the 798 Art District, marking the official launch of a month-long cultural celebration. Bringing together over 200 galleries and art institutions, the event sets the tone for shaping Beijing's dynamic art landscape. At the same time, the 798 Art Committee was officially announced, signaling a new chapter in the development of 798. With a diverse lineup of activities and a projected market impact in the hundreds of millions of yuan, this phenomenon-level art season aims to draw global collectors, curators, and art lovers to the capital.Guests celebrate the Opening of Beijing Art SeasonWith the ...Full story available on Benzinga.com
Asian shares dip, dollar struggles after Trump's tariff backflip ReutersAsia-Pacific markets trade mixed as investors assess Trump's tariff plans CNBCLive: European tariff reaction, market awaits inflation read to inform next RBA rate cut Australian Broadcasting CorporationStocks fluctuate as traders await next moves in Trump trade war France 24Wall Street Futures, ASX 200 Hint at Swing Lows FOREX.com
Tesla sold 7,261 cars in Europe in April, down 49% year-on-year, according to the European Automobile Manufacturers’ Association. Tesla has suffered brand damage over the past few months because of CEO Elon Musk’s political involvement with U.S. President Donald Trump. Tesla is also facing heightened competition in Europe.European sales of Tesla vehicles plunged in April, as the U.S. electric carmaker continues to face reputational damage regionally and rising competition.Tesla sold 7,261 cars in Europe in April, down 49% year-on-year, according to the European Automobile Manufacturers’ Association (ACEA). That drop came even as overall battery electric car sales rose 34.1% annually in April.Tesla has faced brand damage over the past few months because of CEO Elon Musk‘s political involvement with U.S. President Donald Trump, with protests erupting at Tesla dealerships across Europe in March.Tesla sales tanked nearly 40% year-on-year over the January-April period.The company launched an upgraded version of its Model Y sports utility vehicle this year, but its overall line-up of cars is still ageing, with no new mass market offering unveiled to date.At the same time, Tesla continues to battle rising competition from traditional automakers as well as aggressive Chinese players. Last week, separate data showed auto giant BYD sold more pure electric cars in Europe than Tesla for the first time.European consumers are also showing a preference for hybrid electric vehicles — cars with a small battery that still mainly run on traditional fuel. Hybrid electric vehicles account for just over 35% of the total European car market, ACEA data showed.Tesla does not have any hybrid electric cars on the market, only selling full battery-powered vehicles.Investors have questioned Musk’s dedication to Tesla because of his time advising Trump and his role leading the so-called Department of Government Efficiency. Musk said on the most recent Tesla earnings call that his time spent running DOGE would drop significantly by the end of May, but that he plans to dedicate a “day or two per week” on government work.The tech billionaire added in a recent public speech that he is committed to leading Tesla for the next five years.– CNBC’s Ashley Capoot contributed to this report.
PDD Holdings Inc. (NASDAQ:PDD) will release its first-quarter earnings results before the opening bell on Tuesday, May 27.Analysts expect the Dublin, Ireland-based company to report quarterly earnings at $2.49 per share. According to data from Benzinga Pro, PDD Holdings projects to report quarterly revenue at $14.17 billion.On March 21, PDD Holdings reported fourth-quarter earnings that missed revenue expectations.PDD Holdings shares fell 0.5% to close at $119.24 on Friday.Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.Let's have a look at how Benzinga's ...Full story available on Benzinga.com
On Monday, in a post on Truth Social, President Donald Trump used his Memorial Day message to praise his administration's immigration efforts while blasting what he described as judicial overreach and failures at the U.S. southern border.What Happened: "Happy Memorial Day to all, including the scum that spent the last four years trying to destroy our country through warped radical left minds," Trump wrote, before accusing the Joe Biden administration of allowing "21,000,000 [million] people to illegally enter our country, ...Full story available on Benzinga.com
Trump says he'll delay a threatened 50% tariff on the European Union until July
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Maintaining The Shine Of Our Lost Soldiers On Memorial Day Authored by Allan Stein via The Epoch Times,Tom Pawlak and Robert Trae Zipperer live 2,200 miles apart, but they share a common belief: that unlike old soldiers, no gravestone or marker of a U.S. military member should ever fade.For Pawlak, 73, from Arizona, restoring the bronze plaques of veterans and those lost in combat to their original pristine condition has become his mission in life.Zipperer, 56, is a Navy veteran from Florida who is equally passionate about restoring gravestones.Pawlak’s quest began during a visit to a private cemetery in Phoenix in 2014, where some plaques were badly tarnished and hard to read.As Pawlak scrubbed, buffed, and polished one marker, the name of U.S. Marine Pfc. Oscar Palmer Austin began to emerge.Born on Jan. 15, 1948, Austin died in Vietnam on Feb. 23, 1969.Pawlak then realized that Austin, a 21-year-old African American soldier from Texas, was not an ordinary recruit; he had received the Medal of Honor for bravery on the battlefield and the Purple Heart after being wounded.The U.S. Navy later named a guided missile destroyer in his honor—the USS Oscar Austin.Pawlak reached out to the ship’s commander to share his discovery and the restoration work he had completed. Two weeks later, he received a package from the Navy that contained a flag, as well as a blue cap with “USS Oscar Austin” emblazoned on it.He began wearing the cap everywhere he went.“As soon as I began wearing the cap, people would stop me on the street to talk,” he said.He started going out more often to cemeteries, polishing and sanding the letters on the tarnished bronze plaques, Pawlak said.Robert Trae Zipperer, founder of VeteranGraves.com, launched a volunteer effort cleaning gravestones across the nation in 2019. Courtesy Robert ZippererIn 2014, he founded Mission Restore Bronze, a social media movement on Facebook that has drawn thousands of volunteers to the cause.Remembering a FriendOriginally from Chicago, Pawlak never served in the military. However, he feels a deep connection with veterans and the military—he lost a friend just three weeks after the friend arrived in Vietnam in 1967.He thinks of him every time he visits a cemetery and notices the sad condition of the bronze grave markers.“I‘ll walk through a cemetery and see a bad marker. I’ll have everything with me and finish it,” Pawlak said.Pawlak recalls his first volunteer: a naval commander who wanted to restore his father’s bronze plaque in Tampa Bay, Florida.Other volunteers would ask him how to clean plaques when visiting cemeteries.Pawlak offers free jars of his proprietary wax, along with video instructions on how to apply it correctly for lasting results.The volunteer effort “just exploded from the start,” he said.“I couldn’t leave the house. I took a shower and had 16 messages when I returned,” he said.His efforts have inspired at least one Eagle Scout project in the Phoenix area.In 2017, 13-year-old Levi Brown assembled a team to clean and restore approximately 250 bronze grave markers at Greenwood Cemetery in Phoenix.Pawlak said he has no idea how many military personnel plaques have been cleaned and restored through his virtual movement.Tom Pawlak of Arizona started Mission Restore Bronze Markers in 2014 as a one-man effort that has grown into thousands of volunteers nationwide. Courtesy of Tom PawlakMost volunteers are people he doesn’t know and has never met in person.Since his project launched, Reserve Officers’ Training Corps programs for youths have carried the mantle forward, as well as court diversion programs and other groups.“I‘ll just walk around and hand out wax jars to people,” Pawlak said. “I’ll have markers that I take care of regularly—people I’ve known.”Often, he'll get a call from a potential volunteer and send a jar of wax on request. Each jar contains enough product to clean 12 to 16 markers.However, if Pawlak had to estimate the number of volunteers, it would potentially be well over 75,000, based on the viewership of his YouTube videos.“We’ve included first responders and police. I'll supply them with wax,” he said.During another visit to Phoenix, Pawlak felt compelled to take action when he noticed that the bronze plaques commemorating the 622 Arizona soldiers killed in Vietnam needed love and care.With a brush in hand, he and other volunteers scoured, scrubbed, and waxed the bronze plaques and statues of foot soldiers, restoring them to a remarkable shine for Memorial Day.He’s also cleaned bronze plaques in Washington and even the statue of Gen. George S. Patton at the museum dedicated to Patton in California.He said that getting down on his knees to clean is easy, but getting back up is hard. He could use more eager, younger volunteers.Keeping Honor CleanWhile researching his family tree in Lee County, Florida, Zipperer observed that many military gravesites were in poor condition, with some hardly legible due to mold.A veteran's headstone is covered in black mold. Courtesy of Robert ZippererThe once-bright headstones had turned dark gray, making the names hard to read.Zipperer faced frustrating regulatory challenges in Fort Myers before finally obtaining the necessary approval to clean the headstones in time for Memorial Day in 2019.Initially, city officials claimed he needed permission from the families to clean the headstones, warning that he would be trespassing and “soliciting” otherwise.However, after Zipperer brought his case to the media, the city changed its position.“I’m just a guy that doesn’t take no for an answer. You can’t have a veteran’s headstone covered in crud. It’s just not American,” Zipperer told The Epoch Times.The headstone as it now appears after cleaning. Courtesy of Robert ZippererRules for RestorationZipperer later discovered no standard operating procedures at the local, state, or federal levels concerning cleaning veterans’ grave markers.He contacted the National Cemetery Administration in Washington, which advised him to submit a proposal in writing.Eventually, the agency incorporated his ideas into national guidelines for the volunteer maintenance of veteran and military gravestones.“The graves just sit out there covered in nastiness,” Zipperer said.“I’ve had to get out hedge clippers and cut bushes to reach a veteran’s grave enveloped in vegetation.“You‘ll cut it all back, and you’ll clean it all up, and then you'll scrub the headstone and get it clean.”The NCA, part of the Department of Veterans Affairs, estimates that it has supplied more than 15 million headstones to national, state, and private cemeteries nationwide since 1973.In fiscal year 2022, the agency provided 347,361 headstones and markers for military personnel buried in the nation’s cemeteries.The VA operates 156 national cemeteries and 35 soldiers’ lots and monument sites across 42 states and Puerto Rico.Members of the 3rd U.S. Infantry Regiment place flags at the headstones of U.S. military personnel buried at Arlington National Cemetery, in preparation for Memorial Day in Arlington, Va., on May 22, 2025. Nearly 1,500 service members entered the cemetery at pre-dawn hours to begin the process of placing a flag in front of approximately 260,000 headstones. Andrew Harnik/Getty ImagesMore than 4 million Americans, including military personnel from every war and conflict, are interred in VA national cemeteries. Approximately 84 percent of veterans are in private cemeteries throughout the country, according to the American Association of Retired Persons.Zipperer believes the deteriorating condition of veteran headstones signifies a “lack of caring” and funding.Through his website, veterangraves.com, he hopes to recruit more volunteers and financial support for his cause.“The problem is we don’t have the [public] funding,” Zipperer said. “Nobody creates funding for veterans’ headstones. I’m doing what I can do, but I don’t have an unlimited budget.“Every state should be contributing to this. Every American should be contributing to this cause.”Zipperer estimates he’s spent more than $500,000 out of pocket to promote his mission on YouTube.“There are people in Australia who love their veterans as much as Americans love their veterans,” he said.Before and after images of a bronze veteran grave plaque. Courtesy of Tom Pawlak“I’m just broadcasting it out there to whoever receives the message.”Pawlak said he also had to use his own funds to support Mission Restore Bronze Markers.“I just dedicated myself to doing it,” he said.Celebrity AppealIn 2021, before Memorial Day, Zipperer appeared on the ABC syndicated talk show “Live With Kelly and Ryan” to present his case.The response was nothing like he had anticipated.“I’m naive, I thought this was going to be it,” he said. “Tom Hanks was going to reach out to me. Clint Eastwood was going to reach out to me. Gary Sinise was going to reach out to me. Steven Spielberg was going to reach out to me.”Patriotic celebrities, one and all, he said.“And they would provide the help I needed to make this vision a reality. I thought all the senators and governors were going to call. My phone was going to blow up,” he said.“Do you know how many people called?”No one, he said, except for a nice woman in New Jersey, who saw him on television.“We love our veterans in our county,” the woman said to him over the phone. “We’re going to take up your cause here.”She asked if Zipperer would attend the county’s Memorial Day celebration, and he agreed.An American flag at sunset in Springerville, Ariz., on May 25, 2025. Allan Stein/The Epoch TimesZipperer was struck by the community turnout in Hunterdon County that day.He finally grasped the true purpose of this mission.“This is an American cause,” Zipperer said. “We can make this happen.” Tyler DurdenMon, 05/26/2025 - 22:15
Chinese-owned Volvo Cars to cut 3,000 white collar jobs BBCVolvo to cut 3,000 jobs as Trump tariffs rattle auto market The HillVolvo Car to Cut 3,000 Jobs to Become Leaner, Protect Profits Bloomberg.comVolvo to cut 3,000 jobs amid trade uncertainty Al JazeeraVolvo Cars cutting 3,000 jobs to reduce costs AP News
SINGAPORE, May 26, 2025 /PRNewswire/ -- JOYY Inc. (NASDAQ:JOYY) ("JOYY" or the "Company"), a global leading technology company, announced its unaudited financial results for the first quarter of 2025. In the first quarter of 2025, JOYY's revenue reached US$494.4 million, with its non-livestreaming revenue reaching US$123.0 million, representing a year-over-year increase of 25.3%. Non-livestreaming revenues accounted for 24.9% of the Company's total revenues. JOYY's GAAP and non-GAAP1 operating profits increased approximately 244.5% and 24.9% year-over-year to US$12.2 million and US$31.0 million, with operating margins of 2.5% and 6.3%, respectively. The Company maintained strong operating cash flow, which reached US$58 million.JOYY continued to deliver returns to shareholders. During the first quarter, the Company distributed US$49.1 million in dividends to shareholders. On top of that, the Company repurchased approximately US$22.5 million worth of its shares from January 1, 2025 through May 23, 2025, reinforcing its commitment to returning value to shareholders.Ms. Ting Li, Chairperson and Chief Executive Officer of JOYY, commented, "As we celebrate the 20th anniversary of our operations, we have evolved beyond social entertainment, steadily fostering a multifaceted ecosystem. Our multi-engine growth strategy is yielding clear results, with our core livestreaming business achieving consistent profitability, and our programmatic advertising platform, BIGO Ads, demonstrating strong growth momentum, which is fueled by AI-driven innovations in user insights, intelligent creative development, and precise targeting. We expect these advances ...Full story available on Benzinga.com
Engineers who spoke to the New York Times describe a culture where AI adoption is technically optional, but failing to use it risks falling behind.
New York City, NY, May 26, 2025 (GLOBE NEWSWIRE) -- The world of competitive gaming has exploded in popularity, and with it, eSports betting has become a top choice for US bettors. Among the many platforms vying for attention, Thunderpick stands out for its robust offerings and user-friendly interface. With a strong focus on eSports markets and competitive odds, it caters directly to fans of games like CS:GO, League of Legends, and Dota 2. JOIN THE TOP-RANKED ESPORT BETTING SITE: THUNDERPICK Whether you're a casual viewer or a seasoned bettor, Thunderpick delivers an experience designed to match your level of involvement. Backed by a secure platform and exciting promotions, it's quickly becoming a favorite across the US.Why Thunderpick Stands Out for US eSports BettorsThunderpick is purpose-built for the modern eSports enthusiast, making it a top choice for players in the United States. The platform supports a wide variety of eSports titles, from globally dominant games like Counter-Strike and Dota 2 to emerging favorites such as Valorant and Overwatch 2. This diversity ensures bettors can always find the matchups they care about. One of Thunderpick's core strengths lies in its intuitive betting interface, which makes it simple to place single bets, accumulators, and even live wagers with just a few clicks. Real-time match updates and dynamic odds make in-play betting especially engaging, adding a strategic layer to the excitement of watching your favorite teams compete. US players will appreciate the sleek, mobile-optimized design that works flawlessly on both iOS and Android devices. Whether you're at home or on the move, Thunderpick makes it easy to keep up with the action. The site's speed and responsiveness ensure you never miss a betting opportunity, even in fast-paced games. Beyond its technical features, Thunderpick also excels in offering promotions tailored to eSports fans. Its generous welcome bonus, reload offers, and seasonal competitions help players get more value from every wager. These rewards can be especially enticing during major tournaments like The International or the League of Legends World Championship. Thunderpick also maintains a strong commitment to responsible gaming, offering tools like deposit limits and self-exclusion for users who want more control over their betting habits. Combined with SSL encryption and a well-regarded reputation, this creates a trustworthy and secure environment. GET 100% MATCH WELCOME BONUS UP TO $600 AT THUNDERPICKGetting Started at the Top eSports Betting Sites in the USSigning up with Thunderpick is fast, simple, and optimized for US users. The process starts by visiting the Thunderpick website or downloading the mobile app, available for both iOS and Android. From there, you'll be prompted to create an account using your email address and a secure password. Register Your ...Full story available on Benzinga.com
Ontario judge approves $500M settlement in Loblaw bread-fixing case CBCView Full Coverage on Google News
An Ontario judge has approved a settlement in a class-action lawsuit that accused Loblaw and its parent company George Weston Ltd. of engaging in an industry-wide scheme to fix the price of bread.
Amazon coders say they’ve had to work harder, faster by using AI New York PostAt Amazon, Some Coders Say Their Jobs Have Begun to Resemble Warehouse Work The New York TimesAmazon programmers complain that AI has turned their work into a high-speed assembly line Mezha.MediaAmazon, Microsoft, Google and Shopify Are Racing To Integrate AI, Now Engineers Say They're Working Faster With Less Thinking Time — And More Pressure Than Ever BenzingaCaging Copilot: Lessons Learned in LLM Security Black Hills Information Security
After a member of the Donald Trump administration shared a post about “kicking” 1.4 million undocumented immigrants off the Medicaid program as part of the “One Big Beautiful Bill,” X’s AI bot Grok clarified that undocumented immigrants are already ineligible for federally funded Medicaid.What Happened: An X post by Alex Pfeiffer, the deputy assistant to the President and principal deputy communications director, stated that the “One Big Beautiful Bill” was “kicking illegal immigrants off Medicaid to protect Medicaid for AMERICANS!”According to Grok, the information in the post was misleading and the image in the post shows a protest with Mexican flags, likely from a past immigration rally.We're kicking illegal immigrants off Medicaid to protect Medicaid for AMERICANS!The Big Beautiful Bill puts America First. pic.twitter.com/zzNgYDGwOa— Alex Pfeiffer (@Pfeiffer47) May 25, 2025However, X users flocked to the comment section of the post asking Grok for clarification, which highlighted that the federally funded Medicaid does not cover healthcare for undocumented immigrants, except for emergency services, per the 1996 PRWORA ...Full story available on Benzinga.com
Simple actions and gigantic returns are timing. They got lucky. Such windfalls generally aren’t predictable or repeatable.
Thousands of retirees may soon see Social Security checks docked by 15% as Trump admin resumes collections Yahoo FinanceHow the Student Loan Crisis Will Show Up in the Economy WSJMillions of Americans hit with bad credit after missed student loan payments The Washington PostSocial Security Checks Could Shrink For 450,000 Retirees As Government Resumes Seizing Benefits Over Student Loan Defaults Yahoo FinanceBorrower Credit Scores Plunge Following Student Loan Delinquencies PYMNTS.com
DELRAY BEACH, Fla., May 26, 2025 /PRNewswire/ -- The plant-based supplements market is estimated at USD 27.52 billion in 2025 and is projected to reach USD 42.27 billion by 2030, at a CAGR of 9.0% from 2025 to 2030, according to a report published by MarketsandMarketsTM. The plant-based...
VANCOUVER, British Columbia, May 26, 2025 (GLOBE NEWSWIRE) -- Koryx Copper Inc. (“Koryx” or the "Company") (TSX-V: KRY) is pleased to announce assay results from 12 drill holes (3,603m) received as part of the Phase 2 drill program for its 2025 exploration and project development strategy on the wholly-owned Haib Copper Project (“Haib” or the “Project”) in southern Namibia. Haib is an advanced-stage copper/molybdenum/gold project that is envisaged to produce a copper concentrate via a conventional crushing/milling/flotation metallurgical process, with the potential for additional copper production via heap leaching.
Judge approves $500M settlement in Loblaw, parent company bread-fixing case Global NewsView Full Coverage on Google News
European shares are poised to open in positive territory on Monday, after U.S. President Donald Trump said he would delay the roll out of 50% tariffs on the European Union.DAX futures were trading 1.6% higher at 7:35 a.m. in London, while French CAC 40 futures were up by 1.3%.U.K. markets are closed for a public holiday.Trump initially called on Friday for a 50% tariff on EU goods, saying in a post on his Truth Social platform that the duties would begin from June 1. He accused the bloc of being “very difficult to deal with,” and said trade negotiations with the EU were “going nowhere.”On Sunday, Trump then said he had agreed to delay the 50% tariffs to July 9 following a call from EU Commission President Ursula von der Leyen.Von der Leyen said in a post on X over the weekend that the EU was “ready to advance talks swiftly and decisively.”Overnight in Asia, shares were trading in mixed territory, with Japanese and South Korean stocks moving higher as Chinese and Hong Kong-listed shares saw losses.U.S. markets are closed on Monday for the Memorial Day holiday. Stocks on Wall Street sold off on Friday after Trump’s threat to impose new tariffs on the EU and tech giant Apple.— CNBC’s Erin Doherty contributed to this report.
Dems Mull $20 Million Plan To Figure Out Why Young Men Don't Like Them Six months after a stinging nationwide rejection that handed Donald Trump a commanding reelection and fractured their core coalition, the Democratic Party is turning to a new solution: spending $20 million to figure out why young men don’t like them.The project, codenamed SAM — short for “Speaking with American Men: A Strategic Plan” - is described in a prospectus obtained by the New York Times. It outlines a massive push to decode the language and culture of disaffected young men, particularly in online spaces, and includes a proposal to buy ads inside video games.“Above all, we must shift from a moralizing tone,” the document urges.The effort comes amid widespread Democratic soul-searching after a loss that wasn’t just electoral, but cultural. A recent NBC News poll placed the party’s favorability at just 27 percent, its worst showing in the poll’s 34-year history.Focus groups show the branding problem is dire. One Georgia man recently summed it up succinctly: "A deer in headlights." According to messaging consultant Anat Shenker-Osorio, Democrats are consistently described in her focus groups as "sloths," "tortoises," and now, apparently, roadkill."You stand there and you see the car coming," the man explained. "But you’re going to stand there and get hit with it anyway."Democratic leaders are scrambling to reassemble a coalition that used to be rock-solid: young voters, working-class Americans, Latinos, and Black voters all shifted toward Trump in 2024 - and this time, he won the popular vote, too."There is fear, there is anxiety, and there are very real questions about the path forward - all of which I share," said Rep. Jason Crow (D-CO), who is charged with recruiting candidates to help win back the House in 2026. “We are losing support in vast swaths of the country.”Even the long-standing gender gap, which typically favored Democrats, flipped in key districts as men swung harder to the right. It’s one of the driving reasons behind the $20 million SAM initiative.Meanwhile, the party is facing open rebellion from within. Progressive activists are outraged at what they see as a lack of fight. Moderate Democrats are openly warning that cultural messaging - on issues like immigration, gender, and economic elitism - is alienating the very voters the party once claimed as its base."We’ve pushed, in so many ways, these people away from our party," Crow said.Former DNC Chair Jaime Harrison, who stepped down in February, admitted "The party has to find ways to compete in states where it’s not."But instead of barnstorming in battleground counties, Democratic donors are reportedly huddling in luxury hotels, commissioning focus groups and digital rebrand efforts that - to some - look more like anthropology than campaigning.Democratic pollster Zac McCrary said Trump’s declining approval ratings may create openings in 2026, but warned against reading too much into a potential midterm bounce."A good 2026 midterm - we should not let that mask a deeper problem," McCrary said, adding that the party’s brand is 'repellent' in so much of the country.'He blamed a credibility gap: "Democrats have lost credibility by being seen as alien on cultural issues."For many in the party’s activist and base circles, the appetite for bold messaging and confrontation remains strong."Voters are hungry for people to actually stand up for them - or get caught trying," said Shenker-Osorio. "The party is doing a lot of navel-gazing and not enough full-belly acting."Whether Democrats will rediscover their spine, or waste millions more studying why they don’t have one, remains to be seen. Tyler DurdenSun, 05/25/2025 - 22:45
Apple Inc. (NASDAQ:AAPL) isn't a company usually associated with national security, but it is in the crosshairs of President Donald Trump, now an expert has given his take on the situation.What Happened: On Friday, Ming-Chi Kuo, an analyst at TF Securities, took to X, formerly Twitter, and outlined three key reasons why Trump persistently targets Apple in public.First, he noted, Trump knows that pressuring a global brand like Apple guarantees widespread media attention. "Forcing Apple, the world’s most famous company, and its iconic iPhone to adopt ‘Made in America' policies generates maximum exposure."See Also: $4 A Month? Gene Munster Unpacks Trump’s iPhone Tariff Math – Says ‘Market Appears To Be Miscalculating the Impact’Second, Apple rarely pushes back publicly, making it a low-risk target. "Apple is reluctant to openly contest Trump's statements or mount significant opposition," Kuo added, stating that it makes it easier for Trump to apply pressure without ...Full story available on Benzinga.com
PERTH, Australia, May 25, 2025 (GLOBE NEWSWIRE) -- Canyon Resources Limited (ASX: CAY) (‘Canyon' or the ‘Company') is pleased to announce that its wholly owned in-country subsidiary, Camalco Cameroon SA (‘Camalco') has signed a binding agreement with AFG Bank Cameroon (‘AFG Bank CM') for a medium-term syndicated credit facility of XAF 82,000,000,000 (~US$140M) (‘Credit Facility').Canyon will use the credit facility for the acquisition of locomotives, wagons, the development of rail, ore transport infrastructure and the port facility for the flagship Minim Martap Bauxite Project (‘Minim Martap' or ‘the Project'), located in Cameroon. Importantly, the ~US$140 million Credit Facility, along with the Company's major shareholder and long-term supporter Eagle Eye Asset Holdings Pte Ltd advising its intention to exercise 350 million options for AU$24.5 million, to fund Stage One operations at Minim Martap.The key terms for the credit facility are summarised in Schedule 1. Canyon anticipates drawdown on the Credit Facility occurring in Q3, 2025.AFG Bank CM is the banking subsidiary in Cameroon of Atlantic Group, the conglomerate founded by the successful Ivorian businessman Mr. KONE DOSSONGUI. This subsidiary is among the top three banks in Cameroon in terms of deposits collected from customers and loans granted to customers. This realization demonstrates its expertise in the field of structured financing. The main architects of this operation are Mr. Léon KOFFI KONAN, Chairman of the Board of Directors of AFG Holding (the company in charge of the supervision of the banking companies of the group), and AFG Bank Cameroon team, led by its Managing Director, Mr. Eric Valery ZOA. Established in 2008 in Douala under the initial name of "Banque Atlantique Cameroun", AFG Bank CM is committed to providing innovative financial solutions tailored to the needs of its clients, leveraging its deep understanding of both local and international markets.Since receiving the Mining Licence for Minim Martap in September 2024, Canyon has successfully and rapidly developed Minim Martap, achieving critical key milestones, including securing key port and inland rail facility land. The Company is now focused now on making a Final Investment Decision for the Project and completing the Definitive Feasibility Study, which is assessing a two-stage development pathway aimed at expediting operations, which would see Canyon make its first shipment of bauxite from Minim Martap in the 1H 2026.Mr Mark Hohnen, Canyon Executive Chairman commented: "The progress the team has made since we received our Mining License in September 2024 is truly impressive and I would like to thank the Canyon team, Eagle Eye and our key stakeholders for their continued efforts, advice and support in placing Canyon in the position we are today. "AFG Bank Cameroon is an excellent partner for Canyon and through the ~US$140 million credit facility in place, along with the AU$24.5 million in funds to be received from the option exercise by Eagle Eye, Canyon is now in a strong financial position to fund Stage One operations at Minim Martap."Importantly, the potential and world-class nature of Minim Martap is now being recognised ...Full story available on Benzinga.com
European shares are poised to open in positive territory on Monday, after U.S. President Donald Trump said he would delay the roll out of 50% tariffs on the European Union.DAX futures were trading 1.6% higher at 7:35 a.m. in London, while French CAC 40 futures were up by 1.3%.U.K. markets are closed for a public holiday.Trump initially called on Friday for a 50% tariff on EU goods, saying in a post on his Truth Social platform that the duties would begin from June 1. He accused the bloc of being “very difficult to deal with,” and said trade negotiations with the EU were “going nowhere.”On Sunday, Trump then said he had agreed to delay the 50% tariffs to July 9 following a call from EU Commission President Ursula von der Leyen.Von der Leyen said in a post on X over the weekend that the EU was “ready to advance talks swiftly and decisively.”Overnight in Asia, shares were trading in mixed territory, with Japanese and South Korean stocks moving higher as Chinese and Hong Kong-listed shares saw losses.U.S. markets are closed on Monday for the Memorial Day holiday. Stocks on Wall Street sold off on Friday after Trump’s threat to impose new tariffs on the EU and tech giant Apple.— CNBC’s Erin Doherty contributed to this report.
Christie Brinkley's ultra-amicable relationship with her ex-husband Billy Joel was on full display following Joel's announcement that he's canceling his upcoming shows after having been diagnosed with a brain disorder. "Dear Billy ,The whole Brinkley gang is sending you lots of love and good wishes for a full and speedy...
Over 42 million Shiba Inu (CRYPTO: SHIB) tokens were pulled out of circulation Sunday, putting additional deflationary pressure on the popular dog-themed meme coin.What happened: The burn rate blasted 1866% in the last 24 hours, resulting in a supply squeeze of 42.122 million SHIB tokens, according to Shibburn, the coin's official burn tracker.As per the latest available data, over 137 million SHIB were burned in the last week, reflecting an increase of 13.78%.HOURLY SHIB UPDATE$SHIB Price: $0.00001415 (1hr 0.46% ▲ | 24hr -2.08% ▼ )Market Cap: $8,330,462,667 (-2.14% ▼)Total Supply: 589,251,364,169,654TOKENS BURNTPast ...Full story available on Benzinga.com
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Electric Vehicles: Are They Good, Bad, Or Ugly? Authored by Ronald Stein via The Epoch Times,The recently released “Electric Vehicles: The Good, The Bad and The Ugly” isn’t just another documentary that lazily cheerleads the industry, though there is a fair amount of marveling at the technology and underscoring its benefits and potential. It’s an enlightening, educational, and entertaining 90-minute documentary that is a must-view for those who wish to enhance their energy literacy and decide for themselves if EVs are good, bad, or ugly.It raises serious concerns that policymakers—in wealthy countries only—are setting “green” policies that continue to support human-rights atrocities and environmental degradation in poorer, developing countries where the exotic minerals and metals needed for EVs are mined.Some challenges remain with wind and solar power, which can only generate occasional electricity and are unreliable. This issue has drawn federal legislative attention, with the U.S. Senate voting to discuss a resolution to roll back California’s EV mandate, citing concerns about energy infrastructure and consumer readiness.“Electric Vehicles: The Good, The Bad and The Ugly,” narrated by political commentator and author Larry Elder, who also appears in the film, demonstrates the environmental degradation and human-rights atrocities caused by mining the components needed for EVs, while presenting a thorough analysis of the pros and cons of the vehicles.Planet Earth’s Resources Are LimitedElder’s documentary educates viewers about how the critical minerals and metals needed to support the much-touted “energy transition” to EVs, wind turbines, solar panels, and batteries come from unreliable countries such as China, some poorer African nations, and others. Those countries have minimal labor laws and poor environmental controls, so that their production of the critical minerals and metals needed for going “green” results in serious environmental degradation and dire social consequences.All this, just to support “clean” electricity in wealthier countries.The extraction rates and R/P (reserves to production) ratio for many of the critical minerals and metals needed for going “green” are alarming, and most of these natural resources are not being replenished. This suggests a worrisome possibility of an unsustainable approach to the current policies of subsidies for “green” energies. Furthermore, even countries with the largest reserve base face important challenges to increasing production growth to meet projected future demand.Lithium: In 2024, the world mined about 240,000 tons of lithium, almost three times the amount mined in 2020. The International Energy Agency projects that demand for lithium will increase to 450,000 tons per year by 2030. Despite a significant world resource base, production of those resources remains a major challenge.Cobalt: In 2024, the world produced an estimated 280,000 metric tons of cobalt, the highest amount ever recorded. The Democratic Republic of the Congo was the world’s leading producer, accounting for 74 percent of the global total, while the country is known for the major problems with child labor and poor working conditions of its mineral sector.A typical EV battery for a Tesla sedan requires substantial raw material extraction for the battery’s minerals and metals of lithium, cobalt, nickel, manganese, copper, aluminum, graphite, plus the steel, plastic, and other metals for battery casings.The documentary raises concerns about these “blood minerals,” which come mostly from developing countries—mined at locations in the world that are never inspected or seen by policymakers and EV buyers.The mining and refining to support the demands for EV batteries, wind, and solar involve large quantities of raw materials. The estimated total mass of raw materials mined and processed for an EV battery, including overburden and waste rock, can range from 50,000 to 100,000 pounds, depending on battery size, chemistry, and mining efficiency.Elder’s documentary should be viewed by so-called zero-emission policymakers in the few wealthy countries that have disrupted the delivery of continuous and uninterruptible electricity with strict regulations, preferential subsidies, and cancellation of proven baseload sources like coal, nuclear, and natural gas.Those who watch “Electric Vehicles: The Good, The Bad and The Ugly” will learn about the shell game some are using to exploit developing countries to support so-called clean and green electric vehicles, and can evaluate for themselves whether global economies and the environment can sustain EVs to meet transportation needs for all, not just for a select few.“Electric Vehicles: The Good, The Bad and The Ugly” starts streaming May 23 on Ganjing World. It is available for purchase at $12.99, and available for a 72-hour lease for $9.99.Views expressed in this article are opinions of the author and do not necessarily reflect the views of The Epoch Times or ZeroHedge. Tyler DurdenSun, 05/25/2025 - 22:10
Concerts coming to Toronto in summer 2025 CTV NewsColdplay, Oasis and other big acts booked for summer shows in Toronto Toronto Sun