
Ontario doesn't want Elon Musks's internet
The decision serves as retaliation against tariffs imposed by the United States on Canadian goods.
Stephen Lecce, Ontario's Minister of Energy and Mines, confirmed the termination, stating Premier Doug Ford had fulfilled his pledge.
The contract, signed last November, was intended to provide high-speed internet to 15,000 remote homes and businesses in Ontario.
This cancellation occurs amidst ongoing trade negotiations between Canada and the US, with Ontario also implementing other retaliatory measures.
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The Independent
22 minutes ago
- The Independent
Trump critic turned ally Nancy Mace announces run for South Carolina governor
Rep. Nancy Mace (R-S.C.) – a former critic of President Donald Trump who became one of his most outspoken defenders on Capitol Hill while also becoming one of the most virulent voices against transgender people – announced she would is running to be governor of South Carolina. Despite having a thin legislative record, Mace has largely built a name for herself for bombastic stunts such as pushing to ban Sarah McBride, the first openly transgender person elected to Congress, from using the women's restroom and voting to eject Kevin McCarthy as speaker of the House. 'I don't answer to the establishment,' she said during her speech. 'I don't know those in the back room a single thing. I answer to the people.' Mace made her announcement at the Citadel, South Carolina's military college, where she became the first woman to graduate. That came after she had initially dropped out of high school following being raped as a teenager, an ordeal she has publicly recounted. During her announcement, Mace mentioned a series of hardline policies, mostly focusing on immigration and cutting the state's income tax to zero in five years. 'They are all here, and we will work with ICE better than ever to ensure that anyone who is here illegally gets deported immediately, we will work with ICE in every respect,' she said of Immigration and Customs Enforcement. 'If we need housing price we have it, if we need to have boots on the ground to help ICE, we will do it everything in our power, and we will not let another sanctuary share it dictate who gets to stay here when they're here illegally.' Unsurprisingly, Mace also said that she would oppose what she called the 'gender cult,' citing how she called out Clemson University for having 15 gender options. 'I hold the line on women and kids, Insanity and education by vetoing any funding to any college that pushes gender ideology and refuses to define what a woman is,' Mace said. 'If a school erases women, it erases its right to your tax dollars.' But Mace faces a crowded primary. Fellow Rep. Ralph Norman, who endorsed Nikki Haley during the 2024 preisdential primary, is also running. Another opponent is state attorney general Al Wilson, whom Mace accused on the House floor of ignoring her report of sexual assault, though Wilson said that Mace's report never made it to his office. Mace first came to Washington after serving in South Carolina's state legislature. In 2014, she staged a primary challenge to Sen. Lindsey Graham (R-S.C.) at the peak of the Tea Party movement. She later worked on the 2016 Trump campaign in the Palmetto State. In 2020, she beat former Democratic congressman Joe Cunningham in South Carolina's 1st district. Initially, after the January 6 riot, Mace criticized Trump and said she held him responsible for the riot, though she voted against impeaching him. That led to Trump endorsing her Republican primary opponent Katie Arrington in 2022. In response, Mace posted a video of herself infront of Trump Tower in New York. Mace initially billed herself as a moderate Republican who was part of a 'Caucus of One,' telling The Independent in 2023 that she was ' pro-baby, pro-gun, pro-pot, pro-gay.' She initially worked on legislation to decriminalize cannabis and voted with Democrats to legalize protections for same-sex and interracial married couples. But after her primary win, she moved significantly to the right. After initially voting for McCarthy as speaker, when former congressman Matt Gaetz filed a motion to vacate, Mace joined Gaetz and six other Republicans to eject McCarthy alongside every Democrat present at the time. Given many of her opponents within the GOP, Mace would likely need to win the support of the president. While Trump has not made an endorsement in the race yet, her announcement ad features Trump praising her.


The Guardian
22 minutes ago
- The Guardian
To compare Donald Trump to Teddy Roosevelt on nature protection is absurd
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Reuters
an hour ago
- Reuters
Wall Street rebounds as Fed rate cut bets intensify on weaker payrolls
Aug 4 (Reuters) - Wall Street's main indexes bounced back on Monday after a sharp pullback in the previous session, buoyed by growing expectations of deeper Federal Reserve interest rate cuts following an unexpectedly weak jobs report. At 11:39 a.m. ET, the Dow Jones Industrial Average (.DJI), opens new tab rose 463.55 points, or 1.06%, to 44,052.13, the S&P 500 (.SPX), opens new tab gained 74.56 points, or 1.20%, to 6,312.57 and the Nasdaq Composite (.IXIC), opens new tab gained 325.95 points, or 1.58%, to 20,976.08. Both the S&P 500 and the Nasdaq were on track for their biggest single-day jump in more than two months. This is in contrast to Friday, when a dismal U.S. jobs report hammered the S&P 500 (.SPX), opens new tab and sent it to its steepest intraday drop since May 27. The bleak data that also accompanied steep downward revisions for May and June forced market participants to amplify their bets for Fed rate cuts this year, noting signs of a weakening labor market. "When you have a Fed that operates in a lagging sense, you're going to have the market moving around as the data comes, that's what we're seeing with the weaker jobs report," said Charlie Ripley, senior investment strategist for Allianz Investment Management. Odds for a September rate cut now stand at about 84%, according to CME Fedwatch. Market participants see at least two quarter-point cuts by the end of this year. Underscoring uncertainty, Trump fired Bureau of Labor Statistics Commissioner Erika McEntarfer the same day, accusing her of faking the jobs numbers. "The revisions ... it brings a level of skepticism into the data sets," Allianz Investment Management's Ripley added. Investors also weighed Fed Governor Adriana Kugler's unexpected resignation, which could open the door for President Donald Trump to reshuffle the central bank's leadership to his favor. Trump has repeatedly threatened to fire Chair Jerome Powell, believing that rates should be much lower than they are. Meanwhile, Tesla (TSLA.O), opens new tab rose 1.2% after granting CEO Elon Musk 96 million shares worth about $29 billion. All S&P 500 sub-sectors were trading in the green, with communication services (.SPLRCL), opens new tab leading gains with a 2% jump. U.S. factory orders tumbled 4.8% in June after an upwardly revised 8.3% increase in May, owing to a sharp drop in commercial aircraft orders. Meanwhile, Trump threatened to substantially raise tariffs on India over its purchases of Russian oil. Last week, Trump slapped a 25% tariff on goods imported from the country. After a big week for Big Tech earnings, companies from various sectors, including Palantir (PLTR.O), opens new tab, Eli Lilly (LLY.N), opens new tab and Disney (DIS.N), opens new tab, will report this week. Among notable movers, Joby Aviation (JOBY.N), opens new tab rose 20.7% after Bloomberg News reported that the company was exploring the acquisition of helicopter ride-share operator Blade Air Mobility (BLDE.O), opens new tab. Blade Air's shares surged 26.6%. IDEXX Laboratories (IDXX.O), opens new tab soared 26.8% after the animal diagnostics maker raised its full-year profit and revenue forecasts and reported better-than-expected second-quarter results. Spotify (SPOT.N), opens new tab jumped 6.8% as the music streaming platform announced plans to raise the monthly price of its premium individual subscription in select markets from September. Advancing issues outnumbered decliners by a 4.76-to-1 ratio on the NYSE and by a 2.8-to-1 ratio on the Nasdaq. The S&P 500 posted 25 new 52-week highs and seven new lows, while the Nasdaq Composite recorded 52 new highs and 72 new lows.