Skip to main content

Featured

Wall Street Futures Climb as Alphabet Wins Key Antitrust Ruling; Jobs Data in Focus

  U.S. stock futures rose on Wednesday, led by gains in tech heavyweights after a favorable court ruling for Alphabet. The S&P 500 and Nasdaq futures advanced, while Dow futures were little changed ahead of closely watched labor market data. Alphabet shares jumped over 5% in premarket trading after a Washington judge ruled the company will not be forced to sell its Chrome browser but must share certain data with rivals. The decision also allows Google to continue lucrative payments to Apple, sending the iPhone maker’s stock higher. Analysts said the ruling removes a major legal overhang for Big Tech and signals a preference for pragmatic remedies over structural breakups. Investors are now turning their attention to the Job Openings and Labor Turnover Survey (JOLTS) report, due later in the morning, as part of a week packed with employment data culminating in Friday’s nonfarm payrolls. Weakness in recent jobs reports has fueled expectations of a September interest rate cut, ...
Post a Comment
Read more

article

Labels

Ignace Chosen as Site for Canada's Underground Nuclear Waste Repository


A region in northern Ontario has been selected as the site for Canada's underground nuclear waste repository. The Nuclear Waste Management Organization (NWMO) announced that the Township of Ignace and the Wabigoon Lake Ojibway Nation have agreed to host the $26-billion project.

The decision comes after a 14-year site selection process that began in 2010 with 22 potential locations. The site selection was narrowed down to two finalists in Ontario: Ignace and South Bruce. The NWMO ultimately chose Ignace after both the municipality and the nearby First Nation expressed their willingness to move forward.

The deep geological repository will be located about 650 to 800 meters underground, encased in solid rock with engineered barriers to ensure the safe storage of nuclear waste for thousands of years. The project is expected to take approximately 20 years to complete, including regulatory approvals and construction.

Federal Energy and Natural Resources Minister Jonathan Wilkinson expressed his gratitude to the communities involved in the selection process and emphasized the importance of the project for Canada's climate change goals.

The NWMO will now begin the regulatory approval process, which is estimated to take about 10 years, followed by another 10 years of construction. The used fuel is expected to be loaded into the repository over a period of 50 to 60 years.




Labels:

Comments

Post a Comment