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Platinum$1,933.89-2.34%|
Copper$5.99-1.58%|
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Daily Newsletter

Daily Newsletter
24 April 20265 Mins read

PRE-OPEN Canadian markets are pointing a lower open as investors were cautious about developments in the Middle East that kept oil prices higher, setting the index for weekly losses, while Wall Street futures struggled to find a direction. Later in the day, investors will look at Canada's retail sales data for insight into consumer spending amid persistent inflation and geopolitical uncertainty.

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PRE-OPEN
Canadian markets are pointing a lower open as investors were cautious about developments in the Middle East that kept oil prices higher, setting the index for weekly losses, while Wall Street futures struggled to find a direction. Later in the day, investors will look at Canada's retail sales data for insight into consumer spending amid persistent inflation and geopolitical uncertainty.

Gold is on track for its first weekly decline after a four-week winning streak, with inflation woes in focus. Meanwhile, the U.S. dollar was poised for its first weekly gain in three weeks.


 

On the economic front, retail sales for February are expected to rise 0.9% month-on-month, easing slightly from January’s 1.1% gain. Retail sales excluding automobiles are also seen increasing 0.8%, matching the prior month’s pace. The country will also publish its budget balance.​


 

Canadian AI startup Cohere agreed to buy German tech startup Aleph Alpha at an undisclosed price as it looks to boost sales to government and business customers in highly regulated European markets.


 

NorthWest Copper  (TSXV: NWST) announce that it has amended its engagement with Stifel Nicolaus Canada Inc. ("Stifel Canada"), to act as sole bookrunner and co-lead agent with Canaccord Genuity Corp. (together with Stifel Canada, the "Agents") in connection with a "best efforts" private placement offering that has been increased to aggregate proceeds of up to approximately $12.0 million (the "Offering").

CEO Paul Olmsted stated, "the strong investor demand for this financing is a significant success for the Company. Demand for both the hard-dollar and flow-through components reflects confidence in our new strategic approach at Kwanika following the updated mineral resource released in March. This funding will support delivery of an updated Preliminary Economic Assessment ("PEA") at the Kwanika-Stardust project, targeted for mid 2026, and fully fund planned exploration drilling aimed at upgrading and expanding the mineral resources. With work on the PEA well underway, we look forward to providing further updates as we advance Kwanika toward development".

The Offering will consist of the following securities ("Offered Securities"):

Hard dollar units (the "HD Units") will be sold at a price of $0.35 per

HD Unit, with a minimum total amount of $3 million,

Charity flow-through units (the "CFT Units") will be sold at a price of  $0.515 per CFT Unit, and

Flow-through units (the "FT Units") will be sold at a price of $0.41 per mFT Units.

The total number of HD Units, CFT Units and FT Units will be determined by the Agent based on investor demand. Each HD Unit, CFT Unit and FT Unit will consist of one common share ("Common Share") of the Company and one-half of one Common Share purchase warrant (each whole warrant, a "Warrant"). Each Warrant entitles the holder to purchase one Common Share at an exercise price of $0.45 for a period of 24 months following closing of the Offering. View original content: http://www.newswire.ca/en/releases/archive/April2026/23/c7868.html

 

 

Abitibi Metals Corp. (CSE: AMQ) (OTCQB: AMQFF) (FSE: FW0) announce a non-brokered strategic private placement (the "Offering") for aggregate gross proceeds of up to C$30,752,228.

Discovery Silver Corp. ("Discovery") is expected to acquire approximately 9.9% of the issued and outstanding common shares of the Company on a non-diluted basis upon closing of the Offering. In connection with closing of the Offering, Abitibi Metals and Discovery will enter into a participation agreement, whereby, subject to certain conditions, the Company will grant certain financing and other participation rights to enable Discovery to maintain its shareholding interest in the Company and other customary investor rights.

Jonathon Deluce, President & CEO of Abitibi Metals, commented: "This is an exciting day for Abitibi Metals. We are pleased to welcome Discovery as a strategic investor in the Company. Their participation represents a strong endorsement of the progress and potential of the B26 Deposit. They have established a strong track record of generating shareholder returns through disciplined exploration, operational excellence, and the early identification of high-quality opportunities. We value their technical experience as we continue to advance our exploration programs and development of B26, while also pursuing growth opportunities within our existing portfolio and through potential acquisitions.” To view the source version of this press release, please visit https://www.newsfilecorp.com/release/293945


 

Flagship Communities Real Estate Investment Trust (TSX: MHC.U) (TSX:MHC.UN) released its sixth annual Environmental, Social and Governance (“ESG”) Report for the year ended December 31, 2025, highlighting progress across affordable housing, environmental stewardship, community investment and corporate governance.

The 2025 ESG Report outlines Flagship’s continued investment in practical initiatives designed to support a more affordable, sustainable and community-focused living experience for residents across its manufactured housing communities. The 2025 ESG Report was prepared with reference to the Global Reporting Initiative (“GRI”) and also considers the SASB Real Estate (IF-RE) framework.

Highlights from the year include continued investment in resource efficiency and community infrastructure, including portfolio-wide water and sewer sub-metering, contributing to an estimated 25% to 35% reduction in water consumption, and the installation of more than 4,000 solar lights. The report also underscores Flagship’s continued focus on affordable homeownership and energy-efficient housing solutions across its communities.

“In 2025, we focused on practical initiatives to enhance the living experience for our residents,” said Kurt Keeney, President and Chief Executive Officer. “Safety initiatives, sub-metering and solar lighting help support stronger, more sustainable communities both now and over the long term.”


 

Forge Resources Corp. (CSE: FRG) (OTCQB: FRGGF) (FSE: 5YZ) provide a comprehensive update on its fully permitted La Estrella coal project, located in Santander, Colombia, highlighting continued underground advancement and ongoing initiatives supporting long-term operational development.

Advancing Underground Development and Coal Continuity

Underground development at La Estrella continues to progress steadily, with advancement of the main underground ramp reinforcing the continuity of the coal-bearing system. The Company has successfully re-encountered coal seams consistent with prior observations, further strengthening confidence in the coal deposit and supporting the geological model across the project area.

Development activities remain active, with a focus on maintaining consistent advance rates while optimizing underground conditions to support safe and efficient operations. The underground ramp serves as the primary access to the underground workings and remains a central component in unlocking the long-term potential of the project. To view the source version of this press release, please visit https://www.newsfilecorp.com/release/293937


 

HYTN Innovations Inc. (CSE: HYTN) (OTC Pink: HYTNF) (FSE: 85W0) announces that its Board of Directors has approved the spin-out of an internally developed peptide drug development business into a dedicated new company ("SpinCo"). As part of the proposed spin-out, SpinCo is expected to complete a concurrent financing to fund the next phase of its development and to pursue a public listing on the Canadian Securities Exchange (the "CSE"), subject to regulatory approvals and market conditions.

The proposed spin-out is intended to separate from HYTN a peptide-focused drug development business centered on the pre-clinical development of a subcutaneous injectable BPC-157 drug candidate for refractory ligament disorders. HYTN has built this business internally and has assembled the manufacturing, operating, regulatory and quality framework required to advance the program into the next stage of clinical development.

The business proposed to be transferred to SpinCo includes the assets, Good Manufacturing Practices ("GMP") operating systems, regulatory framework and related know-how comprising HYTN's peptide drug development business, together with the documentation, clinical-support processes and infrastructure required to advance the program.


 

Integra Resources Corp. (TSXV: ITR; NYSE American: ITRG) provide an interim operational update for the first quarter ended March 31, 2026 (the "first quarter 2026" or "Q1 2026") highlighting continued operational momentum, record mining rates, and a strengthened balance sheet.

The Company plans to release its first quarter 2026 financial results after market close on Monday May 11, 2026, followed by a conference call hosted by senior management on Tuesday, May 12, 2026 at 11:00 AM Eastern Time / 8:00 AM Pacific Time.

(All amounts in United States ("U.S.") dollars as at March 31, 2026, unless otherwise stated.)

George Salamis, President, CEO and Director of Integra commented:

"The first quarter of 2026 marked a period of strong operational progress at Florida Canyon, with record mining rates and the successful ramp-up of our Phase IIIB leach pad. While gold production in the quarter reflects temporary constraints, the deferred ounces are expected to be recovered over the balance of the year. Importantly, with these gold ounces expected to be recovered over the balance of the year, we maintained our full-year production guidance, underscoring our confidence in the operation and the improvements we have made to the Mine. In parallel, we significantly strengthened our balance sheet through a $61 M financing and continued to invest in both sustaining capital at Florida Canyon and the advancement of DeLamar. We believe these investments position Integra for a stronger second half of 2026 and reinforce our strategy of building a sustainable, multi-asset gold producer.”


 

Kuya Silver Corporation (CSE: KUYA) (OTCQB: KUYAF) (FSE: 6MR1) announce financial and operating results for the three months and full year ending December 31, 2025, while also announcing a significant strengthening of its in-country leadership – appointing Edgardo Orderique, former General Manager of MMG's Las Bambas mine, as General Manager, Peru, alongside a seasoned operational and finance team.

The fourth quarter marked another period of meaningful progress at the Bethania Silver Project in Peru, highlighted by record tonnes processed, significant upgrades to infrastructure, and a strengthened balance sheet, which was further bolstered in Q1 2026. As disclosed more recently in the Kuya Silver Press Release dated April 22, 2026, Kuya Silver has achieved sustained production of approximately 100 tonnes per day ("tpd") and is advancing toward its Phase 1 target of approximately 350 tpd by the end of 2026. To view the source version of this press release, please visit https://www.newsfilecorp.com/release/294104


 

Lithium Africa Corp. (TSXV: LAF) (FSE: 6MQ) provide an exploration update on its Côte d'Ivoire assets, highlighted by the commencement of its first drill program at Adzopé since going public and continued advancement of priority targets at Agboville.

The upcoming drill program will test one part of the broader Saby Trend at Adzopé, while additional mapping, pegmatite fractionation and target refinement continue elsewhere along the trend within the Adzopé license. At the same time, ongoing regolith mapping, regional reconnaissance, soil geochemistry and trenching preparations at Agboville continue to advance additional targets, with further upside across the Company's Côte d'Ivoire portfolio from the ~368 km² Sikensi ground, currently under application.

Tyron Breytenbach, CEO, commented, "The start of drilling at Adzopé marks a major milestone for Lithium Africa as our first drill campaign since going public. It is an important step in executing our strategy of systematically advancing high-potential lithium assets across Africa through disciplined, value-focused exploration."

Mamadou Coulibaly, Director and Head of West Africa, commented, "The Saby Trend was identified in-house through the disciplined work of our Côte d'Ivoire team, from mapping and auger drilling to trenching and target refinement. This first drill program will test only one part of that broader trend at Adzopé, while additional work continues elsewhere within the Adzopé license and at Agboville, highlighting the wider discovery potential of our Côte d'Ivoire portfolio.” To view the source version of this press release, please visit https://www.newsfilecorp.com/release/294037


 

Loyalist Exploration Limited (CSE: PNGC) announce the completion of a preliminary review of its DeSantis gold property (the “Property” or the “DeSantis Property”), located approximately 4.5 kilometres (“km”) southwest of Timmins, Ontario. Six priority targets have been identified, plus an additional target on the McEnaney claims to the east, highlighting the significant exploration potential of the Property.

In addition, Loyalist has identified a series of historical progress reports from 1963–1964 that reference the New Hope Porcupine (DeSantis) property and include historical tonnage estimates and sample results for that property prepared insupport of a then-contemplated restart. Readers are cautioned that these historical estimates are not current, have not been verified by the Qualified Person, and should not be relied upon; see the Cautionary Statement under “Historical Documents Support Additional Ore Potential at DeSantis”

Errol Farr, Loyalist’s President & Chief Executive Officer commented, “6 significant targets and mineralization left in thehistoric workings make DeSantis a compelling exploration property with significant untapped potential along the primeDestor-Porcupine corridor. The next step is to conduct a more detailed review and mapping of the historic workings and creation of a summer work program. We look forward to advancing these targets as part of our broader Buy Timmins, Mine Timmins strategy.” Company’s website at www.loyalistexploration.com


 

NuRAN Wireless Inc. (CSE: NUR, OTC PINK: NRRWF), a leading supplier of mobile and broadband wireless infrastructure solutions, announces corporate updates regarding the restructuring transaction and the acquisition of Advance Factoring Inc. (the "Factor").

The former shareholders of the Factor entered into an undertaking on April 17, 2026 (the "Undertaking") pursuant to which they agreed not to, directly or indirectly, offer, sell, contract to sell, pledge, transfer, or otherwise dispose of any securities of the Company held by them and issued pursuant to the share purchase agreement dated December 22, 2025 (the "SPA"), notwithstanding the expiry or removal of any legend required under applicable securities laws, as contemplated by section 2.5 of the SPA. Absent the execution of the Undertaking, the legend was scheduled to expire this day.

The Undertaking remains in effect until the earlier of (i) two business days following the removal of the Company from the British Columbia Securities Commission (the "BCSC") 's Issuers in Default List, and (ii) the date on which the BCSC provides its written consent to revise, replace, or revoke the Undertaking.

Moreover, the Company remains in the process of completing a material change report containing the disclosure required by section 5.2 of Form 51-102F3 and section 14.2 of Form 51-102F5 with respect to the acquisition of the Factor. The Company is continuing to prepare the required disclosure and intends to remedy the default as soon as practicable in accordance with applicable securities laws.

 

Pan American Energy Corp. (CSE: PNRG | OTC: PAANF | FRA: SS6) announce that it has completed its 2026 drill program at the Tharsis Project in the Northwest Territories, and that demobilization from the Squalus Lake camp has now been successfully completed. All drill core has been shipped to Yellowknife for further processing.

The completion of drilling and field demobilization marks an important operational milestone for the Company as it continues to advance its understanding of the Project and evaluate its rare earth element potential. With field operations now concluded, the technical team will focus on detailed geological logging and subsequent sampling for assay analysis, as well as the compilation, review, and interpretation of geological information collected during the program.

Adrian Lamoureux, Chief Executive Officer of Pan American, commented: "We are pleased to report the completion of drilling, along with the safe demobilization of camp and crew from Squalus Lake. The Company appreciates the efforts of the field crews, contractors, and technical personnel who supported the program and looks forward to providing additional updates as post-field activities advance.”


 

PTX Metals Inc. (TSXV: PTX) announce the first closing (with additional closings anticipated to be completed today and next week) of its previously disclosed non-brokered private placement of hard dollar units and flow-through shares (see news releases dated April 8, 2026 and April 14, 2026) raising gross proceeds of $3,066,549. Under the first closings the Company issued a total of 22,076,000 flow-through shares ("FT Shares") at a price of $0.125 per FT Share for aggregate gross proceeds of $2,759,500, and a total of 4,427,727 hard dollar units ("HD Units") at a price of $0.11 per HD Unit for aggregate gross proceeds of $487,049.97.

In addition, the Company paid a total of $173,043.50 in finders fees and issued a total of 1,344,731 finder warrants ("Finder Warrants") to eligible finders. Each Finder Warrant entitles the holder thereof to purchase one common share at a price of $0.125 (subject to adjustment) for a period of two (2) years following the issuance of the Finder Warrants.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/293958


 

Ridgeline Minerals Corp. (TSXV: RDG) (OTCQB: RDGMF) (FSE: 0GC0) provide 2026 budget guidance of US$9,500,000 in partner-funded exploration between the Selena ("Selena") and Swift ("Swift") projects. Drill program details are highlighted below.

The Selena project is a silver-lead-zinc-gold-copper carbonate replacement ("CRD") style exploration project operated by Ridgeline Minerals and funded by a wholly owned subsidiary of South32 Limited ("South32"). The project is currently operating under Phase I of an exploration earn-in agreement totaling up to US$10,000,000 in qualifying expenditures over a 5-year period. South32 has approved a Year-3 work program and budget of US$4,400,000 that, once funded and executed, is expected to satisfy Phase I of the exploration earn-in agreement (for more details see August 22, 2024 press release HERE).

The Swift project is Carlin-Type gold exploration project being operated by Nevada Gold Mines ("NGM") under Phase I of an exploration earn-in agreement totaling up to US$20,000,000 in NGM expenditures over a 5-year period. NGM has approved a 2026 exploration budget of US$5,500,000 for a projected total of US$20,000,000 in qualifying expenditures, which will satisfy Phase I of the exploration earn-in agreement (for more details see September 22, 2024 press release HERE).

Chad Peters, Ridgeline's President, CEO & Director commented, "Selena and Swift continue to exhibit strong exploration potential with our partner-funded budgets continuing to increase year over year. 2026 represents our largest partner-funded exploration budget in Company history and provides our shareholders with exposure to gold, silver and base metal discoveries in mining friendly Nevada, while also reducing risk and minimizing shareholder dilution through our hybrid exploration model.” To view the source version of this press release, please visit https://www.newsfilecorp.com/release/293934


 

Temas Resources Corp. (ASX:TIO)(CSE: TMAS)(OTCQB:TMASF)(FSE:26P0) announce that, further to its news release dated April 15, 2026, the Company has closed its non-brokered private placement for total gross proceeds of approximately CDN $1,500,000 (the "Offering") at a premium price to the current market price of the Company's common shares.

The Offering consisted of 8,333,334 flow-through shares of the Company to be issued as "flow-through shares" within the meaning of the Income Tax Act (Canada) (each, a "FT Share") at a price of CDN $0.18 per FT Share to a single subscriber and current shareholder, Maple Leaf Critical Minerals 2026 Enhanced Fund.

The Maple Leaf Group of Critical Minerals Funds is a current shareholder of Temas Resources and with this offering will own approximately 9.9% of the Company's equity.

Commenting on the financing, Tim Fernback, President & CEO of Temas Resources, stated:"We appreciate the ongoing support from Maple Leaf Funds, one of our key institutional investors. This financing, secured at a price above the current market level, positions us to keep building value by advancing our understanding of gallium and scandium at La Blache, while directing most of our resources toward business development and the commercialization of our RCL Metallurgical Platform Technology.”  View the original press release on ACCESS Newswire


 

Terra Rossa Gold Ltd. (TSXV: TRR) (OTCQB:TRGXF), announce the appointment of Carter Smith as President and Chief Executive Officer effective immediately. Carter has also been appointed to the Board of Directors.

Mr. Smith has several years of experience in the mining sector covering capital markets, finance, M&A, corporate governance and strategic planning. In addition, he has spent significant time in Latin America and fluent in Spanish.

Patrick Downey, Chairman of Terra Rossa stated, “On behalf of the Board of Directors I am extremely pleased to welcome Carter as President and CEO of Terra Rossa. He arrives at an exciting time for the Company as we rapidly advance exploration at the Vetas Project towards our maiden drilling program. His broad Capital Markets experience in the mining sector will be a significant asset as we also increase our marketing focus and broaden our shareholder base.”


 

Titiminas Silver Inc. (TSXV: TITI) announce that the Jajachaca Community General Assembly has formally granted Titiminas access to the community's territorial lands within the concessions owned by the Company. The access unlocks the past-producing Janchiscocha molybdenum mine -- a historic high-grade operation that has not been the subject of any modern systematic exploration program -- enabling Titiminas to plan and execute such a program for the first time.

The results of this program are expected, over time, to provide the technical basis for the Company to evaluate strategic options for Janchiscocha. The Company will report on the results of exploration activities as they progress.

Management Commentary

"The acceptance we have earned from the Jajachaca community is a significant milestone. It reflects months of patient work by our team and, above all, a genuine reset of the relationship with the community after years of distance. What this acceptance unlocks is equally important: Janchiscocha is a past-producing molybdenum mine with more than 2 kilometres of historical workings and documented high-grade mineralization that, to our knowledge, has never been the subject of a modern exploration program. Our job now is to apply today's tools to a historic asset and to do so in a way that continues to honour the trust the community has placed in us."  Luis Goyzueta, Chairman and Chief Executive Officer, Titiminas Silver Inc.


 


ECONOMIC DATA
0830 Retail Sales MM for Feb: Expected 0.9%; Prior 1.1%
0830 Retail Sales Ex-Autos MM for Feb: Expected 0.8%; Prior 0.8%
1100 Budget Balance for Feb: Prior -C$ 5.07 bln
1100 Budget Year-To-Date for Feb: Prior -C$ 31.21 bln

World Markets

 

 

Euro STOXX 50 futures were down 44 points at 5,809, FTSE futures lost 90.5 points to 10,391, German DAX futures dropped 72 points at 24,249, by 0430 GMT.

Japan's Nikkei share average rose, and was poised for a third consecutive weekly gain, as enthusiasm over technology sector earnings offset uncertainty over a potential peace deal in the Middle East.

Oil prices rose due to fears of a renewed military escalation in the Middle East after Iran released footage of commandos boarding a cargo ship in the Strait of Hormuz and on reports Tehran's air defences had engaged "hostile targets.”  

 

U.S. markets were lower Thursday as hopes dimmed for a quick end to the Iran war, while investors grappled with a mixed bag of earnings reports as concerns resurfaced about AI-driven disruption across the software sector.

 

Asia shares struggled and oil prices resumed their rise, as a shaky ceasefire in the Middle East war and stalled U.S.-Iran peace talks gave investors little to cheer.

 

The dollar was on track for its first weekly gain in three weeks as stalled peace negotiations between the U.S. and Iran dampened hopes for an immediate easing of Middle East tensions.

 

U.S. Treasuries slid on Thursday in largely range-bound trading, with investors wary of taking big positions as the fragile ceasefire between the United States and Iran showed signs of strain.

 

Gold held steady but was on track for a weekly drop as elevated oil prices fuelled fears of inflation and higher-for-longer interest rates amid stalled U.S.-Iran peace talks.

S&P 500 Index Mini Futures: 7,139.25; down 0.06%; 4.25 points
DJIA Mini Futures: 49,353.00; down 0.28%; 137 points
Nikkei: 59,503.35; up 0.61%; 363.12 points
MSCI Asia, Ex-JP: 821.95; up 0.35%; 2.84 points
EUR/USD: $1.1679; down 0.04%; 0.0005 point
GBP/USD: $1.3461; down 0.05%; 0.0007 point
USD/JPY: 159.75 yen; up 0.01%; 0.02 point
Spot Gold: $4,667.69; down 0.53%; $25.00
U.S. Crude: $96.40; up 0.57%; $0.55
Brent Crude: $105.93; up 0.82%; $0.86
10-Yr U.S. Treasury Yield: 4.3295%; up 0.006 point
10-Yr Bund Yield: 3.0310%; up 0.027 point

 
 
 
Screenshot 2026-04-28 134001.png

 


 

 

 

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Wall Street futures were mixed, with markets heading toward the end of a week overshadowed by the U.S.-Iran stalemate that extinguished hopes of a swift end to the war. Later in the day, investors will assess consumer confidence through the University of Michigan's final April reading of the Consumer Sentiment Index.


 

Ameriprise Financial Inc: The company reported a rise in first-quarter profit on Thursday as the asset and wealth manager earned higher fees from managing client assets. Ameriprise's assets under management, administration and advisement came in at $1.7 trillion during the three months ended ‍March 31, up 12% from a year ago. Its first-quarter profit rose to $915 million, or $9.68 per share, compared with $583 million, or $5.83 per share, a year earlier. Management and financial advice fees rose 13% to $2.9 billion during the first quarter.


 

Baker Hughes Co: The oilfield services provider beat Wall Street estimates for first-quarter profit, as strong demand in its industrial and energy technology unit offset drilling weakness caused by disruptions in the Middle East. First-quarter IET orders rose to $4.89 billion from $3.18 billion a year earlier. Its oilfield services and equipment division was under pressure, with revenue falling 7% year-on-year to $3.24 billion, primarily due to the disposition of its surface pressure control business and regional disruptions. Baker Hughes posted an adjusted profit of 58 cents per share for the three months ended March 31, compared with analysts' estimates of 49 cents per share.


 

Cisco Systems Inc: The company on Thursday showed a switching chip that it says will be able to connect quantum computers of different types, another step in its effort to eventually connect an internet of quantum machines the way its gear connects the existing internet. Vijoy Pandey, senior vice president and general manager of Outshift, Cisco's emerging technologies and incubation group, said quantum researchers believe each of those approaches might have valid strengths in the future, and Cisco's switch, which works at room temperature and using standard telecommunications fiber-optic cables, translates between them.


 

Citigroup Inc: The bank has hired investment banking veteran Klaus Hessberger to co-lead its newly formed Financial and Strategic Investors (FSI) arm, according to an internal memo seen by Reuters. Hessberger, who is currently the global co‑head of Lazard's Financial Sponsors Group will co-lead FSI out of London with current North America GAM leaders, Michael Marcus and Michael Quadrino, the memo showed. Current GAM leader Ashu Khullar will step down and explore other senior roles within the company, the note added.


 

Intel Corp: The company forecast second-quarter revenue above Wall Street expectations on Thursday, underscoring booming demand for the company's server processors used for artificial intelligence in data centers. It expects revenue of between $13.8 billion and $14.8 billion, compared with an estimate of $13.07 billion. Intel's second-quarter adjusted per-share profit guidance of 20 cents handily beat expectations of 9 cents a share. First-quarter revenue came in at $13.58 billion, beating estimates of $12.42 billion. Revenue in the company's data center and AI segment came in at $5.1 billion, compared with estimates of $4.41 billion. Intel reported a first-quarter loss per share of 73 cents as it incurred more than $4 billion in restructuring charges.


 

Newmont Corporation: The gold miner beat Wall Street estimates for first-quarter profit on Thursday as record gold prices helped offset lower production, though the company warned of a slightly lower output and elevated costs in the current quarter. The quarterly average realized price for gold was at $4,900 per ounce, compared with $2,944 per ounce in the year-ago period. On an adjusted basis, the company earned $2.90 per share for the quarter ended March 31, compared with analysts' average estimate of $2.18 per share.


 

Nike Inc: The company said on Thursday it is laying off about 1,400 people to streamline workflows, as the struggling sportswear company fights through a years-long sales slump. In a memo to employees on Thursday, Chief Operating Officer Venkatesh Alagirisamy said Nike would cut jobs in global operations - mainly technology - in North America, Asia and Europe, accounting for a little less than 2% of the global workforce. CEO Elliott Hill has vowed to re-center the Nike brand on core sports like running and soccer, and bring new and innovative shoes to market quickly.


 

Palantir Technologies Inc: The Swiss National Bank should sell its $1.1 billion stake in Palantir Technologies, campaigners from Minneapolis said at a meeting of the central bank, citing the firm's involvement in U.S. immigration enforcement operations. "Palantir is a threat to our democracy, not just in the United States, but around the world," said Janette Corcelius, a member of the delegation who was invited to the SNB meeting by campaign group BreakFree Suisse. Its CEO, Alex Karp, earlier this year defended the firm's surveillance technology, saying it has safeguards to prevent government overreach.


 

VeriSign Inc: The company reported a 6.6% increase in first-quarter revenue on Thursday on the back of steady demand for domain name registrations driven by companies growing their digital presence. Revenue for the first quarter ended March 31 came in at $428.9 million, compared to the $402.3 million reported in the year-ago period. VeriSign posted quarterly net income of $214.5 million, up from $199.3 million it reported last year. It processed 11.5 million new domain registrations for ".com" and ".net" in the quarter, compared with 10.1 million in the same period a year ago.


 

X-Energy: The nuclear reactor developer said on Thursday it had raised $1.02 billion in its initial public offering in the United States. The company sold 44.3 million shares in its upsized offering at $23 apiece, above the marketed range of $16 to $19 per share. X‑Energy will begin trading ​on the Nasdaq under the symbol "XE" on Friday


 

ECONOMIC DATA (GMT)
0600 United Kingdom Retail Sales MM for March: Expected 0.1%; Prior -0.4%
0600 United Kingdom Retail Sales Ex-Fuel MM for March: Expected 0.0%; Prior -0.4%
0600 United Kingdom Retail Sales YY for March: Expected 1.3%; Prior 2.5%
0600 United Kingdom Retail Sales Ex-Fuel YY for March: Expected 2.0%; Prior 3.4%
0645 France Consumer Confidence for April: Expected 88; Prior 89
0800 Germany Ifo Business Climate New for April: Expected 85.5; Prior 86.4
0800 Germany Ifo Current Conditions New for April: Expected 86.2; Prior 86.7
0800 Germany Ifo Expectations New for April: Expected 85.0; Prior 86.0

Europe / Asia

 

Israel and Lebanon extended their ceasefire for three weeks at a meeting at the White House brokered by Trump, who said he was prepared to wait for "the best deal" to end his conflict with Iran.

The United States and the European Union will sign a memorandum of understanding on Friday for a partnership on critical minerals, the State Department said late on Thursday.

Japan's core inflation slowed below the central bank's 2% target for a second straight month in March, data showed, as government fuel subsidies and moderating food inflation offset price pressures from the Iran war-induced energy shock.​

Europe's largest software maker SAP on Thursday reported a 17% increase in first-quarter profit, beating estimates, due to strong growth in its cloud business.

Portugal asked Air France-KLM and Germany's Lufthansa to submit binding bids for a minority stake in national flag carrier TAP on Thursday, setting up a tight final contest following closely matched initial offers from the European airline groups.​

Siemens Energy on Thursday raised its outlook for 2026 after a jump in second-quarter orders and profits, joining peers in benefiting from a surge in demand for data centres that require power equipment the German company supplies.

ECONOMIC DATA (GMT)
0600 United Kingdom Retail Sales MM for March: Expected 0.1%; Prior -0.4%
0600 United Kingdom Retail Sales Ex-Fuel MM for March: Expected 0.0%; Prior -0.4%
0600 United Kingdom Retail Sales YY for March: Expected 1.3%; Prior 2.5%
0600 United Kingdom Retail Sales Ex-Fuel YY for March: Expected 2.0%; Prior 3.4%
0645 France Consumer Confidence for April: Expected 88; Prior 89
0800 Germany Ifo Business Climate New for April: Expected 85.5; Prior 86.4
0800 Germany Ifo Current Conditions New for April: Expected 86.2; Prior 86.7
0800 Germany Ifo Expectations New for April: Expected 85.0; Prior 86.0

Source (but not limited to) AP, CNBC, Dow Jones, Financial Post, Financial Times, Globe & Mail, KITCO, LSEG, Thomson Reuters, Refinitiv.

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