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Bitcoin and other crypto assets sink in flight from risk

Bitcoin and ether slumped to multi-month lows on Friday, with cryptocurrencies swept up in a broader flight from riskier assets as investors worried about lofty tech valuations and bets on near-term U.S. interest rate cuts faded. Bitcoin, the world’s largest cryptocurrency, fell 5.5% to a seven-month low of $81,668. Ether slid more than 6% to $2,661.37, its lowest in four months. Both tokens are down roughly 12% so far this week. Cryptocurrencies are often viewed as a barometer of risk appetite and their slide highlights how fragile the mood in markets has turned in recent days, with high-flying artificial intelligence stocks tumbling and volatility spiking VIX. “If it’s telling a story about risk sentiment as a whole, then things could start to get really, really ugly, and that’s the concern now,” Tony Sycamore, a market analyst at IG, said of the fall in bitcoin. About $1.2 trillion has been wiped…

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Stock market sinks as AI and interest rate worries grip investors

What began as a banner day for stocks turned into a major rout, as investors signaled ongoing skepticism about the longevity of the artificial intelligence boom and trimmed hopes of support from the Federal Reserve. The tech-heavy Nasdaq fell 2%, and the broad S&P 500 index dropped by more than 1.5%. The Dow Jones Industrial Average, which tracks 30 top-tier stocks, declined by nearly 390 points. It had been up 700 points earlier in the day. Cryptocurrencies also shed billions in value: Bitcoin had fallen below $87,000 as of late Thursday afternoon, weeks after having set highs above $120,000. The stunning turnaround added further unease to an already shaky economy that has forced households to trim budgets amid stubborn inflation and signs of a wavering job market. With an ever-increasing part of the economy’s principal driver — consumer spending — now reliant on affluent households, an extended market pullback could…

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Editor’s Picks: Gold and Silver Prices Stay Steady, Barrick Faces Breakup Rumors

The gold price remained fairly steady this week after last week’s brief uptick, largely trading between US$4,000 and US$4,100 per ounce. As is often the case, its sister metal silver was more volatile, jumping briefly above the US$52 per ounce level midway through the period. The precious metals faced some pressure on Thursday (November 20) after the release of September US jobs data. The Department of Labor report, which was delayed due to the government shutdown, came in stronger than expected, with nonfarm payrolls increasing by 119,000 for the month — more than double the gain of 50,000 estimated by analysts. The jobs numbers have dampened expectations that the US Federal Reserve will cut interest rates at its December meeting, as have minutes from the central bank’s latest meeting. ‘This (data) essentially confirms what the Fed discussed in October — a slowing yet stable jobs market. A December rate cut…

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Top 5 Canadian Mining Stocks This Week: Sigma Lithium Flips the Switch with 64 Percent Gain

Statistics Canada released October’s consumer price index (CPI) data on Monday (November 17). The figures showed that inflation softened during the month, falling to 2.2 percent year-over-year from 2.4 percent in September. The agency cited a 9.4 percent decrease in gasoline prices as the main contributing factor, following a 4.1 percent decrease the previous month. However, less gasoline prices, CPI actually rose by 2.6 percent in both October and September. Statistics Canada also noted slowing grocery prices, reporting a 3.4 percent year-over-year increase in October compared to the 4 percent recorded in September. Additionally, October saw the largest month-on-month drop in grocery prices since September 2020 at 0.6 percent. On Thursday (November 20), StatsCan released September’s monthly mineral production survey. The data shows that gold production declined month-over-month, while copper and silver output increased. Gold production fell to 16,978 kilograms compared to 17,651 kilograms in August. Meanwhile, copper production rose…

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U.S. added 119,000 jobs in September, but there are signs of a weakening labor market

The United States added 119,000 jobs in September, a stronger-than-expected figure and a sign that the economy was adding jobs at a healthy clip before government shutdown. But the details of the report from the Bureau of Labor Statistics paint a more mixed picture, that of a labor market that has recently begun to look wobblier amid high-profile layoff announcements from a host of blue-chip companies. September’s employment gains were concentrated in health care, food and drinking establishments, and social assistance. Manufacturing shed 6,000 jobs, continuing a trend in a sector the Trump administration has touted as a key target of its economic policies. Transportation and warehousing also lost 25,300 jobs. The unemployment rate climbed from 4.3% to 4.4% in September, though the pickup was due in part to an increase in the labor force, which the BLS said gained 450,000 new potential workers. The pace of wage growth slowed.…

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Bargain hunters drive Walmart sales and outlook higher

Shoppers are still flocking to Walmart. The company raised its full-year earnings and sales outlook Thursday, heading into the crucial holiday shopping season. Walmart also offered fresh signs that it is shedding its original identity as a strictly down-market brick-and-mortar operation by growing its e-commerce business and increasing its market share of higher-income shoppers. Walmart’s shares closed more than 6% higher Thursday, even as the broader market suffered a dramatic sell-off. The stock is up more than 18% this year. The biggest retailer and grocer in the United States acknowledged the added financial pressures on lower-income households but said middle-income families are holding up. Walmart saw more sales growth in its grocery and health and wellness product categories than in general merchandise. ‘As pocketbooks have been stretched, you’re seeing more consumer dollars go to necessities versus discretionary items,’ Chief Financial Officer John David Rainey said on a call with analysts…

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Crypto Market Update: Bitcoin Price Slide Continues, Kraken Files for IPO

Here’s a quick recap of the crypto landscape for Wednesday (November 19) as of 9:00 p.m. UTC. Get the latest insights on Bitcoin, Ether and altcoins, along with a round-up of key cryptocurrency market news. Bitcoin and Ether price update Bitcoin (BTC) was priced at US$89,503.92, down by 3.5 percent over 24 hours. Its lowest price of the day was US$88,540.26 and its highest was US$92,074.61. Bitcoin price performance, November 19, 2025. Chart via TradingView. Ether (ETH) was at US$2,942.52, down 5.8 percent over 24 hours. Its lowest price on Wednesday was US$2,872.51 and its highest was US$3,093.82. Altcoin price update XRP (XRP) was priced at US$2.04, down by 8.4 percent over 24 hours. Its lowest price of the period was US$2.03 and its highest was US$2.14. Solana (SOL) was trading at US$132.84, down by 6.2 percent over 24 hours. Its lowest price of the day was US$130.72 and its…

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Heliostar Presents Third Quarter 2025 Financial Results

Q3 2025 Quarter Highlights Record Q3 2025 production of 9,165 Gold Equivalent Ounces (GEOs) Q3 2025 sales of 7,709 GEOs Q3 Operating income of US$14.2M; Net Income of US$1.3M after US$6.4M of Exploration costs Consolidated cash costs of $1,500 per GEO sold and consolidated all-in sustaining costs (‘AISC’) of $1,825 for Q3 2025 US$34.6M in cash, 1,688 unsold gold ounces, working capital of US$46.7M and no debt The Company is on track to achieve its annual production guidance of 31,000 to 41,000 GEOs, annual cash cost of $1,800-1,900 per GEO sold and AISC of $1,950-2,100 per GEO sold for 2025 Heliostar Metals Ltd. (TSXV: HSTR,OTC:HSTXF) (OTCQX: HSTXF) (FSE: RGG1) (‘Heliostar’ or the ‘Company’) today reported unaudited financial results for the three months ended September 30, 2025 (‘Q3 2025’), which corresponds to the second quarter of Heliostar’s fiscal reporting year 2025. Results are presented in US dollars, unless stated. Heliostar CEO,…

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Australia’s Gina Rinehart Now Top MP Materials Shareholder

Gina Rinehart, owner and CEO of private Australian mining company Hancock Prospecting, has become the largest shareholder of rare earths company MP Materials (NYSE:MP). Rinehart’s stake in MP, which she owns via Hancock, now stands at 8.4 percent. According to Bloomberg, Hancock added 1 million shares to its MP position in the third quarter. After MP’s share price doubled during the period, it became the top holding in Hancock’s portfolio. MP owns and runs the Mountain Pass rare earths mine in San Bernardino County, California. The mine was revived by MP in 2017 and achieved first rare earths concentrate production in 2018. In 2024, the company produced a record 45,455 metric tons of rare earth oxides in concentrate, as well as 1,294 metric tons of neodymium-praeseodymium (NdPr) oxide, also a record amount. Mountain Pass is currently the only operating rare earths mine in the US, and is gaining attention as…

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Barrick Faces Activist Pressure After Elliott Takes Major Stake

Elliott Investment Management has reportedly taken a large stake in Barrick Mining (TSX:ABX,NYSE:B), the Financial Times reported on Tuesday (November 18), adding activist pressure to the gold producer, which is already dealing with escalating operational problems and a leadership shakeup. The moves comes just weeks after the abrupt September exit of former CEO Mark Bristow, and as Barrick’s new chief executive, Mark Hill, begins overhauling the company’s regional structure. In an internal memo seen by Bloomberg, Hill said Barrick will fold its Pueblo Viejo mine in the Dominican Republic into its North American division and merge its Latin America and Asia Pacific operations to improve performance. Elliott’s investment also comes during a challenging phase for Barrick. The company has been hit by rising costs at key North American assets and the loss of its most profitable operation, the Loulo-Gounkoto mine in Mali, after the military junta seized control earlier this…

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