Category: Latest News
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Foran Mining Reports Steady Construction Progress at McIlvenna Bay in October 2025
Foran Mining Corporation (TSX:FOM) (USOTC:FMCXF) released an update on October 2025 construction activity at its wholly owned McIlvenna Bay project in Saskatchewan, confirming that development remains on track and on budget. The company said the project is now roughly 72% complete, keeping it on schedule for first commercial production in mid-2026. October 2025 Highlights Executive…
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SPAC News From The Last Seven Days
The Last Week’s Deals Legato Merger Corp. III (AMEX:LEGT) announced it is to acquire technology company Einride, which drives the transition to electric and autonomous freight operations for some of the world’s largest shippers. The deal has an enterprise value of $1.9bn and the expected close date is in H1 2026. Columbus Acquisition Corp (NASDAQ:COLA) has announced a…
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Alphabet set for sharp gains after Berkshire Hathaway unveils $4.3B position
Shares of Alphabet Inc. were poised for a strong jump on Monday, according to 24-hour trading data, after Warren Buffett’s conglomerate Berkshire Hathaway revealed a multibillion-dollar investment in the Google parent. Alphabet Inc. (NASDAQ:GOOGL) climbed 6.1% to $293.40 in Sunday evening after-hours trading on Robinhood, briefly touching gains of up to 7%. The rally follows…
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Peter Thiel Sells Entire Nvidia Position and Cuts Tesla Stake as AI Bubble Worries Grow
Billionaire investor Peter Thiel fully divested his holdings in artificial-intelligence giant Nvidia, according to weekend regulatory filings, amid intensifying fears that tech valuations are being inflated by the AI boom. Filings show that Thiel sold roughly 537,742 shares of NVIDIA Corporation (NASDAQ:NVDA) between July and September. A Form 13F from his Thiel Macro fund revealed…
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Global Alarm Grows as Yttrium Supplies Tighten, Raising Fears of a New Rare Earth Crisis
Worldwide inventories of yttrium — a key metal derived from rare earth minerals — are rapidly shrinking following China’s export restrictions, intensifying concerns that supply deficits and steep price spikes could soon impact the aerospace, energy, and semiconductor industries. China, which dominates global production of this element used in high-performance alloys for engines and in…
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Dow Jones, S&P, Nasdaq, Wall Street Futures, U.S. Data Set to Resume as Traders Await Nvidia Results: What’s Driving Markets
Futures tied to the major U.S. equity benchmarks pushed higher on Monday as investors prepared for a packed week marked by the return of official U.S. economic data releases and a high-profile earnings update from tech heavyweight Nvidia (NASDAQ:NVDA). September’s delayed U.S. employment report is finally expected after the prolonged government shutdown, while Nvidia’s results…
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Dollar edges higher as markets await key U.S. data; yen softens
The U.S. dollar inched higher on Monday, trading steadily ahead of several important U.S. economic releases now that the government shutdown has ended, with the Federal Reserve preparing for its final policy meeting of the year next month. At 04:00 ET (09:00 GMT), the Dollar Index—measuring the greenback against six major peers—was up 0.1% at…
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Gold slips as traders dial back December rate-cut expectations; Fed and data in spotlight
Gold prices edged lower in Asian trading on Monday, extending last week’s decline as markets continued to scale back expectations of a Federal Reserve rate cut in December. A firmer U.S. dollar added pressure, while broader risk aversion tied to delayed policy easing and lingering economic uncertainty offered little support for the metal. Spot gold…
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Oil prices retreat as Russia’s Novorossiysk port resumes crude loadings, easing immediate supply concerns
Oil prices moved lower on Monday, giving back part of last week’s strong rally after crude shipments restarted at Russia’s Novorossiysk port, reducing near-term fears of supply disruption. As of 04:35 ET (09:35 GMT), January Brent futures slipped 0.7% to $63.97 a barrel, while West Texas Intermediate (WTI) crude fell 0.7% to $59.52 per barrel.…
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UBS Says Gold Could Surge to $4,700 as Political and Financial Risks Intensify
UBS strategists believe gold prices could climb as high as $4,700 an ounce, supported by rising political and financial market risks that continue to drive safe-haven demand — even as the likely resolution of the U.S. government shutdown improves investor sentiment. According to the bank, the recent pause in gold’s rally is only temporary.“We think…