Stocks Rise as Federal Reserve’s Preferred Inflation Measure Softens
Stocks piled on gains Friday as investors embraced an inflation report seen as crucial to the Federal Reserve’s next decision on interest-rate cuts. The S&P 500 (^GSPC) rose 0.1%, on the heels of ekeing out a third record-high close this week. The Dow Jones Industrial Average (^DJI) and the tech-heavy Nasdaq Composite (^IXIC) gained around […]
West Oak Unveils Opportunity to Acquire the Ptarmigan Silica Project
West Oak Announces Option to Acquire the Ptarmigan Silica Project West Oak Gold Corp. has entered a property option agreement with Cronin Exploration Inc. to acquire the Ptarmigan Silica Project in British Columbia, covering 2,280.3 hectares. The project, located near Valemount, features high purity silica with historical grades of 97-98% SiO2 and minimal contaminants. To […]
LONGHORN EXPLORATION ENTERS INTO AGREEMENT TO ACQUIRE PUREWAVE HYDROGEN
Highlights: News Release – Vancouver, British Columbia – September 27, 2024: Longhorn Exploration Corp. (TSX-V: LEX) (“Longhorn Exploration” or the “Company”) is pleased to announce that it has entered into non-arm’s length share exchange agreement (the “Agreement”) with PureWave Hydrogen Corp. (“PureWave Hydrogen”) and each of the shareholders of PureWave Hydrogen (the “Vendors”) dated September 26, […]
US Company Expands into Latin America’s Oil & Gas Sector as Brazilian Partner Sets Restart Date for Offshore Asset
US firm enters Latin America’s oil & gas playground as its Brazilian partner in two offshore fields sets restart date for another asset Houston-based Westlawn Americas Offshore (WAO), part of Westlawn Group, has wrapped up the acquisition of a partial stake in a concession, covering two oil fields located off the coast of Brazil. The […]
There is only one person remaining in this iconic OpenAI photo
Only one person is left from this iconic OpenAI photo OpenAI is bleeding its top executives, and one picture shows just how stark the contrast has been in just over a year. Of the four OpenAI executives in the March 2023 photo featured above, two have left the company and one is on leave. CEO […]
Verses AI Inc. Announces Closing First Tranche of LIFE
Verses AI Inc. has completed the first tranche of a non-brokered private placement, raising C$5,000,000 by issuing 6,250,000 units at C$0.80 each. Each unit comprises one Class A Subordinate Voting share and half a warrant, exercisable at $1.20 for 36 months. The offering utilized exemptions from prospectus requirements and is open in several Canadian provinces […]
Did Jack Bogle Have the Right Take on Smart Beta?
The term smart beta is alleged to have been invented by the consulting firm Willis Towers Watson in 2006. (Although I have no reason to doubt that claim, neither have I been able to find the original source.) The “smart” portion of the label you can understand: it’s advertising. Explaining “beta” takes a bit more work. Sixty years ago, […]
What Powell’s Recalibration Means for Commodities: Pros and Cons
What Powells Recalibration will and wont do for commodities Good morning Investors! Fed Chairman Jerome Powell and his merry band somewhat surprised markets following their most recent policy-setting meeting on September 18, cutting the official short-term (federal funds) rate by 50 basis points rather than 25. Some took this as a sign that the U.S. […]
3 Resource Stocks Set to Benefit from Global Supply Shortages
Source: corlaffra / Shutterstock The CEO of NextEra (NYSE:NEE) recently stated that the demand for renewable energy will triple over the next seven years. Moreover, he forecasts that the overall demand for electricity will increase four times more quickly in the next 20 years compared to the previous 20 years. The CEO also expects batteries […]
ChatGPT maker’s CTO Mira Murati is departing from OpenAI
OpenAI CTO Mira Murati is leaving the ChatGPT maker OpenAI chief technology officer Mira Murati announced her resignation on Wednesday, a surprise change at the top of the influential AI company as it seeks to raise billions in new funding and undergoes a tumultuous transformation that has seen much of the old guard depart. Murati, […]