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‘Everything is on the table' in response to doubled steel & aluminum tariffs: Ford

‘Everything is on the table' in response to doubled steel & aluminum tariffs: Ford

CTV News2 days ago

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Ontario Premier Doug Ford shares an update on how the province is coping with the doubled steel and aluminum tariffs, and how Canada should respond.

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Why AST SpaceMobile Stock Is Skyrocketing This Week
Why AST SpaceMobile Stock Is Skyrocketing This Week

Globe and Mail

time31 minutes ago

  • Globe and Mail

Why AST SpaceMobile Stock Is Skyrocketing This Week

Shares of AST SpaceMobile (NASDAQ: ASTS) are moving higher this week, up 33.9% as of 2 p.m. ET from last Friday's close. The gain comes as the S&P 500 gained 1.5% and the Nasdaq-100 gained 2.2%. Earlier in the week, a board member posted a picture to social media that fueled speculation of a possible partnership with Jeff Bezos' Blue Origin. The stock also received a boost after yesterday's public spat between President Donald Trump and Elon Musk. A possible partnership After Bezos visited the company's Texas headquarters, AST board member Adriana Cisneros posted a picture of Bezos, AST CEO Abel Avellan, and herself to Instagram with the caption, "Amazing things are happening at AST & Science + Blue Origin." This fueled speculation that Blue Origin, Bezos' space exploration company, could be looking to create a closer relationship with AST. The company already has a contract with AST to launch 45 satellites, but a more formal partnership would be a game changer for AST SpaceMobile. Musk and Trump fall out Elon Musk and President Donald Trump escalated a public spat yesterday. What began when Musk took to X to criticize Trump's flagship "Big, Beautiful Bill" quickly turned personal and included Trump threatening to cancel contracts with Musk's SpaceX. If this were to happen, it could leave the door open for AST SpaceMobile to, at least partially, fill the void. This is all speculation; nothing is concrete. That being said, both of these possibilities represent a huge upside for AST. For investors with a high risk appetite, AST can be a solid pick. However, be aware that there is a significant risk. The company has a long way to go to justify its valuation. Should you invest $1,000 in AST SpaceMobile right now? Before you buy stock in AST SpaceMobile, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and AST SpaceMobile wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $674,395!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $858,011!* Now, it's worth noting Stock Advisor 's total average return is997% — a market-crushing outperformance compared to172%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of June 2, 2025

Public service asking for over-expenditure approval for Portage and Main construction
Public service asking for over-expenditure approval for Portage and Main construction

CTV News

time35 minutes ago

  • CTV News

Public service asking for over-expenditure approval for Portage and Main construction

Concrete barriers at Winnipeg's Portage and Main are demolished on May 6, 2025. (Katherine Dow/CTV News Winnipeg) The work to reopen Portage and Main to pedestrians is expected to cost a little bit more, according to a new report from the city. The public service is asking for an over-expenditure of $808,000 to be approved. 'This additional authority is required as original estimates were based on existing records and the physical conditions could not be visually inspected until work began and the area was uncovered. It is not expected that the use of the full contingency will be required,' the report reads. The original contract for the construction work was estimated at $16,144,035.75. If approved, the construction cost will now be just under $17 million. The public works director previously told council about this over-expenditure in May, noting the money would come from the contingency dollars that are included in the project. An approval would mean the project would still finish within the approved budget. The entire budget for the whole project is around $21 million. The latest update from public works confirmed the project is still on track to be completed by July 1. The standing policy committee on public works will review the over-expenditure at the June 12 meeting. Road closure starting next week The city also announced eastbound Portage Avenue East is also expected to be closed for around 36 hours starting next week. On June 9 at 7 a.m., paving work is expected to start on that stretch of the road. The road will open with restrictions starting the evening of June 10. While the road is closed, the city is suggesting two other options for drivers who want access to westbound Portage Avenue East. The first is taking northbound Main Street to eastbound Lombard Avenue to southbound Westbrook Street and then Portage. The second choice is southbound Main at William Stephenson Way to northbound Westbrook Street to westbound Portage. The city said rotating lane closures will continue until late June.

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