Global stakeholders now have to reckon with the geopolitical impact of a rebel offensive led by an Islamist group in Syria that could potentially threaten President Bashar al-Assad’s hold over the country. Syrian rebels have made a lightning advance in the north of the country, taking two major cities: Aleppo, the second biggest city, and…
NexGen Energy (TSX:NXE,NYSE:NXE,ASX:NXG) said on Wednesday (December 4) that it has set up its first uranium sales agreements with several leading US nuclear utility companies. These contracts, starting in 2029, cover the delivery of 5 million pounds of uranium over a five year period and employ market-related pricing mechanisms to optimize returns by leveraging future…
US President Joe Biden directed an additional US$600 million to the Lobito Corridor project during a visit to Angola, reinforcing a commitment to enhancing critical minerals supply chains in the African region. The funding builds on the US$553 million committed earlier this year to the corridor, which connects the copper-rich Democratic Republic of Congo (DRC)…
The S&P/TSX Venture Composite Index (INDEXTSI:JX) fell 1.22 percent on the week to close at 610.22 on Friday (December 6). Meanwhile, the S&P/TSX Composite Index (INDEXTSI:OSPTX) posted a 0.16 percent increase to reach 25,691.8, while the CSE Composite Index (CSE:CSECOMP) dropped 2.68 percent to 137.68. The US Bureau of Labor Statistics released its employment situation…
Tech stocks surged this week as US and Canadian jobs data bolstered interest rate cut expectations. Apple (NASDAQ:AAPL) hit a new all-time high on Wednesday (December 4), closing at nearly US$244, while Super Micro Computer (NASDAQ:SMCI) hit a weekly high of US$45.21 after a clean financial audit on Tuesday (December 3). Super Micro Computer also…
Will First Majestic Silver CEO’s silver price prediction of more than US$100 per ounce come true? The silver spot price made waves in 2020 when it rose above US$20 per ounce for the first time in four years, and the precious metal has repeatedly tested US$30 per ounce since. Since September, silver has held above…
Stock futures are trading slightly lower Monday morning as investors gear up for the final month of 2024. S&P 500 futures slipped 0.18%, alongside declines in Dow Jones Industrial Average futures and Nasdaq 100 futures, which dropped 0.13% and 0.17%, respectively. The market’s focus is shifting to upcoming economic data, particularly reports on manufacturing and…
Stock futures climbed on Wednesday, driven by strong performances from Salesforce and Marvell Technology, following upbeat quarterly earnings. Futures tied to the Dow Jones Industrial Average rose by 215 points (0.5%), while S&P 500 futures gained 0.3%, and Nasdaq-100 futures advanced by 0.7%. Salesforce surged 12% after reporting fiscal third-quarter revenue that exceeded expectations, showcasing…
Paraguay on Thursday kicked out a Chinese envoy for allegedly interfering in its domestic affairs and urging the South American nation to break off ties and long friendship with Taiwan. The Chinese diplomat was given 24 hours to leave the country. In a curt statement, Paraguay’s Ministry of Foreign Affairs said it had revoked the…
Mexico hopes to strike a deal with President-elect Donald Trump to limit the number of third-country deportees it could receive from the US, Mexican President Claudia Sheinbaum said on Thursday. A similar deal to send deportees directly to their country of origin is already in place with the current Biden administration. “We hope to have…
