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Bloomberg
Canada Finds It’s Cheaper to Ship Oil Via Stop in California
(Bloomberg) -- Canada’s newest oil pipeline has turbo-charged exports of the country’s heavy crude to Asia and a diversion through California is making for a longer but potentially cheaper journey.Most Read from BloombergSupreme Court Poised to Allow Emergency Abortions in IdahoSpaceX Tender Offer Said to Value Company at Record $210 BillionBolivia’s President Arce Swears in New Army Chief After Coup BidChina’s Finance Elite Face $400,000 Pay Cap, Bonus ClawbacksSupreme Court Blocks EPA ‘Good Ne
Reuters
Exclusive-Poland's Orlen warned three gas companies it could seize Gazprom payments, sources say
WARSAW (Reuters) -Poland's biggest energy company Orlen warned gas companies in Hungary, Slovakia and Austria that it could seize their payments for imports from Russia's Gazprom, sources familiar with the matter said. The warnings, in letters sent over a month ago, are linked to claims for losses Poland incurred after being cut off from Russian supplies in 2022, two sources with knowledge of the letters told Reuters. Poland was cut off for not paying in roubles as Western nations imposed sanctions on Russia following its invasion of Ukraine.
The Canadian Press
The Supreme Court strips the SEC of a critical enforcement tool in fraud cases
WASHINGTON (AP) — The Supreme Court on Thursday stripped the Securities and Exchange Commission of a major tool in fighting securities fraud in a decision that also could have far-reaching effects on other regulatory agencies.
Reuters
Potential China action against EU pork may be double-edged sword for Brazil
China's potential imposition of anti-dumping measures on European Union pork imports, a disastrous scenario for the bloc, could benefit Brazil's exporters but also affect the country's ability to compete elsewhere, analysts and industry sources said. Chinese companies have asked for an anti-dumping probe into pork imports from the European Union, state-backed Chinese media have reported. The potential for additional demand from China as a consequence of any anti-dumping measures is welcome for Brazilian exporters.
Bloomberg
Banker-Lawyer duo make billions from audacious natural gas bet
(Bloomberg) -- The US Gulf Coast is probably the only place in the world where two men with virtually no experience running an energy business could upend a vast industry while becoming billionaires in the process.Most Read from BloombergSupreme Court Poised to Allow Emergency Abortions in IdahoSpaceX Tender Offer Said to Value Company at Record $210 BillionBolivia’s President Arce Swears in New Army Chief After Coup BidChina’s Finance Elite Face $400,000 Pay Cap, Bonus ClawbacksYouTuber Dr Disr
CNN
NY AG opposes Trump motion for civil fraud judge to recuse himself
The New York attorney general’s office accused Donald Trump of undertaking yet another effort to “undermine the Court’s legitimacy” by calling for the judge in the former president’s civil fraud trial to recuse himself over communications with a real estate attorney.
Simply Wall St.
Top 3 TSX Stocks Estimated To Be Trading Below Value In June 2024
Amidst a landscape where the Canadian market shows resilience with steady economic growth and rising stock values, consumer sentiment remains tepid, reflecting a complex interplay of economic factors. In such an environment, identifying stocks that are potentially undervalued becomes particularly compelling as they may offer opportunities for investors seeking value in a market where broader indices have been performing robustly.
South China Morning Post
Huawei smartphone sales see biggest growth in 618 shopping festival, but Apple stays ahead
Huawei Technologies has emerged as the big winner in China's smartphone market for the recently-concluded midyear 618 shopping festival with the biggest jump in sales and the smallest discounts, according to the latest data from Counterpoint Research. Huawei sales jumped 42.4 per cent during the one-month 618 sales period that started May 20, according to Counterpoint, which attributed the rise to continued strong demand for the company's latest handsets, including those from the Mate 60 and Pur
GOBankingRates
People Are Way Off on Predicting How Much They Need for Retirement — Are You?
The further out you are from retirement, the more difficult it may seem to figure out exactly how much you'll need when that magic day comes. Younger people might not even be thinking about...
Bloomberg
Exxon Backs EV Demand Growth to Turn Its Lithium Bet Into a Win
(Bloomberg) -- Exxon Mobil Corp. said lithium demand will grow despite a years-long slump in prices, a scenario that would help its traditional oil business co-exist with a foray into producing the battery material that’s key for electric vehicles.Most Read from BloombergYouTuber Dr Disrespect Was Allegedly Kicked Off Twitch for Messaging MinorVolkswagen Invests $5 Billion in EV Startup Rivian to Form Joint VentureTrump Could Actually Lose Florida. Here’s Why.Nvidia Rout Takes Breather as Trader
Bloomberg
Peru Resolves Chinese Port Spat as President Prepares to Meet Xi
(Bloomberg) -- Peru and a Chinese state-owned company resolved a dispute over the business model of a massive $1.3 billion port ahead of a meeting between the presidents of both countries this week. Most Read from BloombergYouTuber Dr Disrespect Was Allegedly Kicked Off Twitch for Messaging MinorNvidia Rout Takes Breather as Traders Scour Charts for SupportTrump Could Actually Lose Florida. Here’s Why.Rivian Gets $5 Billion Lifeline in Joint Venture With VolkswagenJulian Assange Leaves Court ‘Fr
Fortune
The clock is ticking as Boeing’s 32,000-strong union negotiates to ‘save the company from itself’—even if it takes a costly strike
Boeing’s employees are battling for a new contract—and it appears management is facing two choices: one bad and the other worse.
CBC
B.C. man files lawsuit over B.C. Parks reservation fees
A B.C. man who frequently purchases B.C. Parks campsite reservations online has filed a proposed class-action lawsuit against B.C. Parks, claiming the way the online reservation process works is a violation of the federal Competition Act.Danny Kindred, whose notice of civil claim was filed in B.C. Supreme Court on Friday, says that because B.C. Parks adds a $6 reservation fee during the last step in the checkout process, rather than advertising the true cost to reserve a campsite, it's in violat
CBC
How inflation took a bite out of workers' wages as they rose over the past decade
There's a stark difference when 32-year-old Olivia Polk compares her life to how her mom's looked at the same age.In terms of owning a home and a car, or having a family, "I don't have any of those things, and I don't imagine that I will any time soon," she said.Until recently, Polk worked for a Halifax organization that provides affordable housing, saw herself as middle class and made well above minimum wage.But despite sharing living expenses with her partner, she said they still live paychequ
Investing.com
Oil prices settle higher, but gains capped by surprise inventory build, dollar
Investing.com-- Oil prices settled slightly higher Wednesday, though gains were capped by unexpected build in U.S. inventories and a stronger dollar.
Reuters
Toyota's May global output slides with marked decline in China
Toyota's global production slid for a fourth straight month in May from a year earlier on lower output in many overseas markets, with the decline in China, where local brands have become much more competitive, particularly sharp. In China, production fell 22%. The Japanese automaker also had lower production in markets such as Thailand, Mexico, Brazil and France although the U.S. and Japan saw output grow.
Yahoo Finance
With just a few years until retirement, 55-year-olds haven't saved nearly enough, study finds
For Gen Xers, retirement isn’t far off, and millions of them haven't saved enough.
South China Morning Post
Tech war: dreams die for bankrupt Chinese semiconductor start-up Woodson
The recent collapse of Woodson, a Shanghai-based semiconductor start-up that went bankrupt, is the latest example of how China's efforts to build local alternatives to the world's most advanced chips can fail. Woodson, whose main entity is Shanghai Wusheng Semiconductor Group, was liquidated, according to a notice released on June 6 by the city's Pudong New Area People's Court. That marked the end for the firm, which was once an emerging star in China's semiconductor industry. Do you have questi
Business Insider
Russia's oil and gas revenue is reportedly set to boom 50% this month
Russia's oil and gas sales are on track to reach $9.4 billion in June, Reuters estimated.
BBC
VW to invest up to $5bn in Tesla rival Rivian
Shares in the US-based electric truck and SUV maker jumped by almost 50% after the announcement.

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Compass Mining Launches Accelerated By Compass - A Bitcoin Mining Site Accelerator Program

Latest Stories

Canada Finds It’s Cheaper to Ship Oil Via Stop in California

Exclusive-Poland's Orlen warned three gas companies it could seize Gazprom payments, sources say

The Supreme Court strips the SEC of a critical enforcement tool in fraud cases

Potential China action against EU pork may be double-edged sword for Brazil

Banker-Lawyer duo make billions from audacious natural gas bet

NY AG opposes Trump motion for civil fraud judge to recuse himself

Top 3 TSX Stocks Estimated To Be Trading Below Value In June 2024

Huawei smartphone sales see biggest growth in 618 shopping festival, but Apple stays ahead

People Are Way Off on Predicting How Much They Need for Retirement — Are You?

Exxon Backs EV Demand Growth to Turn Its Lithium Bet Into a Win

Peru Resolves Chinese Port Spat as President Prepares to Meet Xi

The clock is ticking as Boeing’s 32,000-strong union negotiates to ‘save the company from itself’—even if it takes a costly strike

B.C. man files lawsuit over B.C. Parks reservation fees

How inflation took a bite out of workers' wages as they rose over the past decade

Oil prices settle higher, but gains capped by surprise inventory build, dollar

Toyota's May global output slides with marked decline in China

With just a few years until retirement, 55-year-olds haven't saved nearly enough, study finds

Tech war: dreams die for bankrupt Chinese semiconductor start-up Woodson

Russia's oil and gas revenue is reportedly set to boom 50% this month

VW to invest up to $5bn in Tesla rival Rivian