What Are the Potential Rate Cuts by the Bank of Canada?
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The Bank of Canada probably doesn’t need additional reasons to keep cutting interest rates, but with the US Federal Reserve having joined the party with a jumbo cut of its own, there’s now fresh impetus for the Canadian central bank to not only lower rates further but perhaps even take a bigger bite out of […]
DOE Invests Billions in Battery Recycling to Address Expanding Electric Vehicle Market Trends
VANCOUVER – The U.S. Department of Energy (DOE) has unveiled an ambitious initiative to advance the green transition: a significant investment exceeding $3 billion aimed at bolstering the domestic production and recycling of battery materials. This funding comes at a critical juncture as the electric vehicle (EV) market prepares for an avalanche of battery disposals, […]
Weekly Market Outlook: Can the NFP Report Confirm Rate Cut Optimism?
Fed policymakers maintain a dovish stance, and market participants are pricing in a potential 50 basis point rate cut in November. The US dollar hit a fresh YTD low, while Gold and Silver continued to advance. The week ahead features key data releases, including Eurozone inflation and US nonfarm payrolls, which could shape central bank […]
Oil and Gas Boom Drives Surge in U.S. Methane Emissions
Oil and Gas Boom Fuels U.S. Methane Surge Despite ambitious promises of an accelerated green transition from the government, the U.S. is still experiencing extremely elevated levels of methane emissions each year. As the Biden administration pumps billions into renewable energy, clean technologies, and decarbonisation projects, methane emissions continue to rise year on year with […]
QS Stock: What Caused QuantumScape’s Greater-Than-Expected Losses for Q2?
Source: JHVEPhoto / Shutterstock.com Shares of QuantumScape (NYSE:QS) stock are taking a tumble after the solid-state battery (SSB) company reported its second-quarter earnings. During the quarter, QuantumScape generated $0 in revenue, as expected. Furthermore, the company’s net loss increased to $122.95 million compared to a loss of $116.50 million a year ago. Its GAAP EPS […]
Gold Repatriation Shifts from Northern to Southern Regions
It wasn’t long however until Germany was again in a position to buy gold. The Wirtschafswunder — economic miracle — of the 1950s and ‘60s allowed West Germany to stockpile large amounts of gold. Under the Bretton Woods system of fixed exchange rates, Germany could use dollars, earned by successful export businesses that traded them in for marks, to […]
Sam Altman refutes claims of receiving equity in for-profit OpenAI
Sam Altman denies plan to give him equity in for-profit OpenAI OpenAI may be changing to a for-profit company, but according to CEO Sam Altman, that doesn’t mean he’s about to strike it rich. Altman told OpenAI employees in an all-hands meeting Thursday that there are no plans to give him a “giant equity stake” […]