News

Klarna Group Q1 Earnings Call Highlights

KLAR

Affirm's Google Deal Aims for Your WalletKlarna Group (NYSE:KLAR) reported a stronger-than-expected first quarter of 2026, with management pointing to accelerating payment volumes, rapid growth in its financing product and continued expansion of its merchant network as key driver

Genie Energy Q1 Earnings Call Highlights

GNE

Will Fed Rate-Hike Pause Lead To Small-Cap Outperformance? Genie Energy (NYSE:GNE) lowered its full-year 2026 adjusted EBITDA outlook after a first quarter in which record revenue was offset by weaker retail energy margins, higher customer acquisition spending and investment in e

'Millions' of pounds saved by replacing Palantir tech in refugee system

The government said its in-house IT system was "more flexible" while meeting "high standards" of security.

Trump and Xi hold talks but no trade deal agreed

There was plenty of choreographed ceremonies, but there was no sweeping trade breakthrough as Trump met Xi in Beijing.

Nat-Gas Prices Rebound on Smaller-Than-Expected Inventory Increase

June Nymex natural gas (NGM26 ) on Thursday closed up +0.030 (+1.05%). Nat-gas prices recovered from early losses on Thursday and settled higher on a smaller-than-expected storage increase. The EIA on Thursday reported that nat-gas inventories rose +85 bcf in the week ended May 8, a smaller build than expectations...

Elemental Secures Panuco Silver-Gold Royalty in US$239 Million Vizsla Deal

Elemental Royalty (TSX:ELE,NASDAQ:ELE) has inked a US$239 million deal to acquire Vizsla Royalties (TSXV:VROY,OTCQX:VROYF), securing long-life exposure to the Panuco silver-gold project. The acquisition grants Elemental an uncapped 2 to 3.5 percent net smelter return royalty on the Mexico-based asset, which is one of the world's largest high-grade silver developments.The transaction values Vizsla Royalties at C$4.13 per share, a 31 percent premium to its unaffected closing price.Under the court-approved arrangement, Vizsla Royalties shareholders can elect to receive 0.15 Elemental shares, C$4.13 in cash or a combination of both, subject to a total cash cap of approximately C$82 million.“This is an opportunity to add a high-grade, large-scale, silver-gold asset to our portfolio, allowing us to benefit, both in the near and longer-term, from a meaningful royalty with untapped exploration potential,” Elemental CEO David M. Cole said. “We expect Panuco to become a cornerstone asset in the Elemental portfolio, and to deliver significant value to our shareholders over its life of mine," he added in a Thursday (May 14) press release. The consolidation provides Elemental with immense upside on an asset slated to become one of the top five primary silver mines globally by production. According to a 2025 feasibility study, Panuco, which is located in the Sierra Madre Occidental, is projected to deliver 17.4 million silver equivalent ounces annually over an initial 9.4 year mine life. For Elemental, this translates to an estimated revenue uplift of 7,500 gold equivalent ounces per year once commercial production begins, targeted for the second half of 2027.The deal consolidates value for Vizsla Royalties, which was spun out in 2024 specifically to unlock the royalty potential of the Panuco district while Vizsla Silver (TSXV:VZLA,NYSEAMERICAN:VZLA) advanced the physical mine development.Despite the robust deal, the Panuco project has recently faced tragedy. In late January, Vizsla Silver confirmed a security incident at the project site that resulted in the kidnapping of 10 individuals; nine subsequently died, while one person remains missing. The incident temporarily heightened concerns regarding operating risks in the Sinaloa region. However, Elemental emphasized that it has conducted extensive due diligence and reviewed regional security conditions before proceeding.A test mine on site is already stockpiling high-grade ore and generating vital metallurgical and geotechnical data. Furthermore, significant exploration upside remains, with Vizsla Silver reporting that 70 percent of the 9,800 hectare land package remains unmapped.For Elemental, the acquisition bolsters its recently enhanced capital markets profile, arriving just weeks after the company graduated to the Toronto Stock Exchange's main board. Elemental now commands a portfolio of over 200 royalties, heavily anchored by 18 producing assets that generated US$24.3 million in revenue during the March quarter.Don't forget to follow us @INN_Resource for real-time updates!Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

Crude Oil Prices Supported by Closure of Hormuz

June WTI crude oil (CLM26 ) on Thursday closed up +0.15 (+0.15%), and June RBOB gasoline (RBM26 ) closed down -0.0130 (-0.36%). Crude oil and gasoline prices settled mixed on Thursday. Crude prices pushed higher on Thursday as peace talks between the US and Iran remain in limbo, keeping global...

World of Hyatt’s award chart is changing soon, and many stays are getting more expensive. Here's what you need to know

World of Hyatt’s award chart is expanding from three to five redemption levels, with points prices increasing for most nights. Here's what you need to know.

SpaceX IPO prospectus could land as soon as next week, sources say

IPO

Elon Musk's reusable rocket company is getting closer to what's expected to be a record stock market debut.

Cuba runs out of fuel, diesel amid US blockade

BCOD

Cuba has run out of fuel and diesel, as the US blockade plunges the island deeper into an energy crisis. The government is now considering a renewed offer of aid from the Trump administration - but that financing would come with conditions. Also in the show - US President Donald Trump announces China will buy 200 aircraft from Boeing, as he continues his high-stakes visit to Beijing.