Stock Market Update: Dow Records First 9-Day Losing Streak Since 1978
Stock Market Today: The Dow Slides Into Its First 9-Day Losing Streak Since 1978 All three main equity indexes gapped down at the open and showed red at the close with less than 24 hours before the Federal Open Market Committee is expected to announce its third interest rate cut since September. Whether it’s the […]
Shopline and Onramp Collaborate to Provide Financing Solutions for U.S. Online Merchants
Shopline, Onramp Partner on Financing for US Online Merchants Shopline and Onramp Funds have teamed up to deliver flexible financing options to eCommerce businesses. With this partnership, U.S.-based online merchants using Shopline’s commerce services platform can access capital from Onramp Funds, which is a funding provider focused on eCommerce businesses, the companies said in a Tuesday […]
Westgold Resources Considers a Decade-Long Expansion at Fortnum
The expanded project will comprise three large open pits at Nathan’s, Starlight and Yarlarweelor, plus the larger Starlight underground mine, which currently is the main source of gold production at Fortnum. The existing processing plant will also be expanded from 900,000 tonnes per annum to 1.5 million tonnes. The scoping study is part of the […]
Inflation Declines, Strengthening the Bank of Canada’s…
A broad slowdown in Canadian inflation reinforces expectations that the Bank of Canada will cut rates further in 2025, though the era of super-sized reductions may be over. The November report from Statistics Canada found the Consumer Price Index rose 1.9% year over year in November. That marked a slight easing from the 2.0% year-over-year […]
VERSES Genius™ Outperforms OpenAI Model in Code-Breaking
VERSES AI Inc. announced that its product Genius significantly outperformed OpenAI’s o1-preview model in the code-breaking game Mastermind. Genius solved the game efficiently, achieving a 100% success rate, completing tasks 140 times faster, and at over 5,000 times lower cost. The comparison involved 100 games where Genius completed its tasks in just over 5 minutes, […]
November CPI Predictions Indicate Stabilization of Inflation
The November Consumer Price Index report, due Tuesday, is expected to show headline inflation holding steady at around 2.0%. That level is in line with the Bank of Canada’s target and a trend toward moderating inflation. Philip Petursson, chief investment strategist at IG Wealth Management, says the central bank’s measures have effectively curbed runaway inflation. […]
Electrovaya Inc. Announces Pricing of US$11.1 Million Public Offering of Common Shares
Electrovaya Inc. (NASDAQ: ELVA; TSX: ELVA), a lithium-ion battery technology leader, has priced its public offering of 5,175,000 common shares at $2.15 each, aiming to raise approximately $11.1 million before expenses. Roth Capital Partners is the lead manager, with an additional 776,250 shares available through an over-allotment option. Proceeds will fund cash collateral for a […]
Fraudulent Oil and Gas Data Submitted for Wells Near 15 Front Range Cities
Bogus oil and gas data filed for wells near 15 Front Range cities Some of the oil and gas sites where falsified data for toxic substances was filed with state regulators are in 15 Front Range municipalities stretching from Northglenn to Severance, according to the Colorado Energy and Carbon Management Commission. The commission announced Nov. […]
Will the US Federal Reserve Indicate a Pause in January?
The Federal Reserve is gearing up for its final policy-setting meeting of 2024. Markets overwhelmingly expect the central bank to cut interest rates by 0.25% on Wednesday, but the outlook after that is less certain. While price pressures have fallen dramatically from their peak two years ago, recent data has shown some stubbornness. Overall inflation […]
Asian Battery Metals Confirms High-Grade Results at North Oval, Mongolia – Proactive Investors
Asian Battery Metals confirms high-grade results at North Oval in Mongolia By Proactive Investors Asian Battery Metals PLC (ASX:AZ9) has concluded its 2024 exploration initiatives at the Oval Copper-Nickel-PGE Project, situated in the Gobi-Altai province of Mongolia, with promising findings of high-grade massive sulphide mineralisation confirmed through recent assays. Significant Assay Results The preliminary assays […]