Here’s a quick recap of some of the most impactful resource sector news items for the week. The period saw three miners rescued after 60 hours underground at the Red Chris mine in BC, the US announce a mine waste recovery strategy and the Ontario government add C$7 million to boost critical minerals innovation. Red Chris rescue: Three miners freed ...
Senator Cynthia Lummis has promoted the idea that Bitcoin (BTC) serves as a means of protection against inflation and is a path to long-term financial prosperity. She positioned BTC as a modern alternative to the U.S. dollar, as it empowers people during periods of economic insecurity. Senator Cynthia Lummis Says Bitcoin is a Safe Haven The post Bitcoin Is “Freedom ...
Here are some charts that reflect our areas of focus this week at XLU Leads with New High Even though the Utilities SPDR (XLU) cannot keep pace with the Technology SPDR (XLK) and Communication Services SPDR (XLC), it is in a leading uptrend. XLU formed a cup-with-handle from November to July and broke to new highs the last two weeks. ...
A federal appeals judge on Friday blocked President Donald Trump’s plan to end birthright citizenship for the children of people in the country illegally or temporarily. U.S. District Judge Leo Sorokin ruled that a nationwide injunction on the Trump administration’s effort to end birthright citizenship that he issued earlier this year and that was granted to more than a dozen ...
Trump administration regulators have approved Skydance Media’s $8 billion bid to acquire CBS News parent company Paramount, paving the way for a tectonic shift in ownership of one of America’s three major networks. The Federal Communications Commission said Thursday that it had approved the acquisition, with FCC Chairman Brendan Carr adding in a news release that the move would bring ...
President Donald Trump issued an executive order on Thursday, July 24 that attempts to create a national standard for NCAA name, image and likeness programs. The order is Trump’s latest entry into a debate that has embroiled the NCAA since NIL rules went into effect in 2021, ushering in a wild-west era of college sports that has come under increasing ...
Glencore (LSE:GLEN,OTC Pink:GLCNF) is preparing to shut down its final two Australian copper mines next week, ending more than six decades of upstream operations in Queensland. The closure of the underground Enterprise and X41 mines in Mount Isa comes as uncertainty grows over the future of the adjacent copper smelter, which the company says could also be shut down without ...
Christie’s International Real Estate has launched a new crypto real estate division. Led by Aaron Kirman, the division already manages over $1 billion in crypto-listed properties. This makes Christie’s the first major brokerage to build a formal crypto-focused department. Christie’s Targets Crypto Millionaires with $1 Billion Real Estate Offering According to The New York Times The post Brokerage Firm Christie’s ...
The S&P 500 ($SPX) just logged its fifth straight trading box breakout, which means that, of the five trading ranges the index has experienced since the April lows, all have been resolved to the upside. How much longer can this last? That’s been the biggest question since the massive April 9 rally. Instead of assuming the market is due to roll ...
As part of his effort to ‘Make America Safe Again,’ President Donald Trump signed an executive order to allow cities and states to remove homeless people off the streets and into treatment centers. Trump signed the order, ‘Ending Vagrancy and Restoring,’ Thursday afternoon. The order states that the ‘number of individuals living on the streets in the United States on ...
UnitedHealth Group revealed Thursday it is facing a Justice Department investigation over its Medicare billing practices. It comes after the Wall Street Journal reported in May that the Department of Justice is conducting a criminal investigation into the health-care giant over possible Medicare fraud. In response at the time, the company said it stands “by the integrity of our Medicare ...
While there’s plenty of talk of changes to expand the College Football Playoff, Oregon coach Dan Lanning wants one thing fixed: the schedule. Lanning told ESPN at the Big Ten media days he wants the playoff to mirror the NFL with a shorter layoff from the end of conference championship week to the postseason and the national championship game to ...