Skip to main content

Featured

Market Cools as Nvidia’s Blowout Earnings Fail to Ignite Futures

  U.S. stock futures were mixed Thursday morning as investors digested Nvidia’s latest blockbuster earnings—results that impressed on paper but didn’t translate into broad market enthusiasm. Dow futures edged slightly higher, while S&P 500 and Nasdaq futures hovered near the flatline, reflecting a cautious mood across Wall Street. Nvidia delivered strong beats on quarterly revenue and profit, along with guidance that topped expectations. Despite the stellar numbers, the stock’s initial surge faded as traders questioned whether the AI boom can continue delivering outsized returns. Shares ultimately pared gains to under 1% in early trading. The broader market’s hesitation stems from growing concerns about the sustainability of heavy AI investment. Salesforce’s weaker outlook added to the uncertainty, dragging software shares and reinforcing fears that not all tech giants will benefit equally from the AI wave. Meanwhile, geopolitical tensions—including renewed U.S.–Iran nuclea...
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