Windfall Geotek Announces New Chairman
Windfall Geotek Announces David Beck as CEO
Windfall Geotek to sell 880 claims in Northern Ontario, south of the Ring of Fire
Windfall Geotek (OTCQB:WINKF) announces sale of claims in northern Ontario 160km south of the Ring of Fire. The deal consists of undisclosed cash, 2% NSR with a right to buy back 1%, in addition to o
Windfall Geotek Engaged to assist in identifying drill targets on the Victoria Property in Newfoundland
VANCOUVER, British Columbia, Nov. 18, 2021 (GLOBE NEWSWIRE) -- Xali Gold Corp. (TSXV:XGC) ("Xali Gold" and/or the "Company") is pleased to announce that the Company has agreed to terms for a Service
GM's self-driving subsidiary expects revenue of $50 billion within six years.
Cruise, a subsidiary of General Motors Co, made a bold forecast on Wednesday about the profit potential of its robotic taxi business, saying revenue could rise to $50 billion within six years and profit margins could reach about 40 per cent. Dan Ammann, chief executive of Cruise, said: "We are launching better products to a really huge market at a lower cost and we can scale up very quickly." Cruise's expected growth is an important part of General Motors Co's goal of doubling revenue to $280 billion by 2030. Chief General Motors Co
Tesla Model 3 hits police again, US Department of Transportation asks for more Autopilot information
According to reports, since another Tesla electric vehicle collided with a police car, the US National Highway Traffic Safety Administration (NHTSA) sent a letter to Tesla today, hoping for details on “how the Tesla Autopilot system detects and responds to emergency vehicles parked on the road.” On August 16, NHTSA announced an official investigation into Tesla's semi-autonomous driving system “Autopilot”, saying it was difficult for the system to identify “emergency response vehicles” parked on the road. According to NHTSA, they have identified 11 related crashes since 2018. In these
Argo AI, a self-driving start-up invested by Ford and Volkswagen, may go public this year
Argo AI, a self-driving start-up invested by Ford and Volkswagen, is working with investment banks to prepare for an IPO, which could take place as soon as this year and is expected to be valued at more than $7 billion, according to people familiar with the matter. The five-year-old company has chosen Citigroup and JPMorgan Chase as its advisers and is considering whether to go public through a traditional IPO or through a merger with a special purpose acquisition company (SPAC), according to sources. Argo said it would conduct a final round of private financing this summer before going public. A spokesman for the company said: "our current focus is to strive for a round of privacy."
Musk's drilling company bids for Florida underground transportation system project
The mayor of Fort Lauderdale, Florida, said Musk's tunnel drilling company Boring Company had submitted a bid to build an underground transportation system between the city center and the beach. "this could be a really innovative way to reduce traffic congestion," Fort Lauderdale Mayor Dean Trantalis said on Twitter on Tuesday. Other companies have 45 days to submit competitive proposals, he added. The terms of the tender were not disclosed and Boring Company had no immediate comment. June this year
Gold futures fell 5.9% this week, the biggest weekly decline in 15 months
In the early morning of the 18th Beijing time, the price of gold futures closed down on Friday. The Federal Reserve's policy stance is hawkish, pushing the dollar to strengthen, causing gold futures prices to record their biggest weekly decline since March 2020 this week. Federal Reserve Chairman Bullard said on Friday that he expects the central bank to raise interest rates in 2022. Oanda analyst Edward Moya said that Brad's speech put pressure on the price of gold. Overall, he said, “The hawkish tendencies of the Federal Reserve made the bond market turbulent this week, and the dollar was supported. This is bad news for gold.” Gold delivered on the New York Mercantile Exchange in August
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