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September 6, 2025

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Opendoor stock had another explosive day on Friday, jumping 14% as this real estate platform continues one of the most talked-about rallies on Wall Street.

The stock is now flirting with 52-week highs after what can only be described as a ride that’s got retail traders, hedge funds, and analysts all scratching their heads.

Opendoor stock: What’s behind the latest rally?

The numbers tell the story as Opendoor stock is up over 300% this year, which puts it squarely in meme stock territory.

What started with Reddit and Twitter buzz has evolved into something more serious after hedge fund manager Eric Jackson publicly disclosed a big position.

The latest surge got a boost from an unexpected source: bad economic news. The weak August jobs report made Fed rate cuts more likely, and lower interest rates are like rocket fuel for housing-related stocks.

When mortgage rates drop, more people can afford homes, and platforms like Opendoor that facilitate home sales suddenly look a lot more attractive.

But strip away the meme stock hysteria and rate cut speculation, and there’s actually a compelling business transformation happening here.

Opendoor is ditching the house-flipping model that nearly killed them during the housing downturn.

Instead, they are trying to become the Amazon of real estate, a marketplace that uses technology to make buying and selling homes less painful.

The old model was brutal. Buy houses, renovate them, hope to sell at a profit, repeat. When housing markets turned sour, Opendoor got stuck holding expensive inventory nobody wanted.

The new approach is much smarter: use algorithms to price homes, connect buyers and sellers, take transaction fees, and avoid the headaches of actually owning real estate.

This shift toward becoming an “asset-light” marketplace makes perfect sense on paper. Transaction fees are predictable revenue streams, and you don’t need massive amounts of capital tied up in housing inventory.

What analysts say?

Wall Street isn’t completely buying it though. Despite all the excitement, analyst price targets average around $1 as nowhere near the current price above $6.

That disconnect suggests professionals think this rally has gotten way ahead of the fundamentals. Several firms have actually downgraded the stock recently, worried about execution risks and unsustainable speculation.

The skepticism isn’t unfounded. Real estate is an incredibly complex, localized business where regulations, market conditions, and consumer preferences vary dramatically.

Building technology that works across different markets while competing against established players like Zillow and traditional realtors won’t be easy.

There’s also the broader question of whether Opendoor can maintain investor interest once the meme stock fever cools down.

Retail-driven rallies can disappear as quickly as they arrive, especially when companies haven’t yet proven their new business models work.

The post Opendoor stock rockets 14%, nears 52-week highs, but analysts are still cautious appeared first on Invezz

Statistics Canada released its August job numbers on Friday (September 5). The report indicated a loss of 66,000 jobs in the Canadian economy and an increase in the unemployment rate to 7.1 percent from the 6.9 percent recorded in July.

The losses were primarily felt in the professional, scientific and technical services sector with a decrease of 26,000 jobs, followed by losses of 23,000 jobs in the transportation and warehousing sector and 19,000 jobs in manufacturing.

One small caveat: of the 66,000 jobs lost, 60,000 were part-time workers, while full-time employment saw little change after shedding 51,000 positions the previous month.

South of the border, the US Bureau of Labor Statistics (BLS) also released its August jobs report on Friday. The report is the first jobs report since Donald Trump fired the head of the BLS after the release of July’s labor report showed weakness trickling into the economy.

The economy added an estimated 22,000 jobs during August, well below analysts’ expectations of 75,000 new jobs. The unemployment rate also ticked up to 4.3 percent from 4.2 percent in July.

The federal workforce saw the largest job decline, losing 15,000 jobs. The mining, quarrying and oil and gas extraction sector also saw its most significant change over the last 12 months, shedding 6,000 workers.

Additionally, the BLS revised June and July’s figures. While July’s numbers rose to 79,000 added jobs from the 73,000 first reported, the agency made a significant downward revision to June’s numbers, indicating the economy lost 13,000 jobs for the month instead of gaining 14,000.

Jobs data from the last few months will play an important role when the Federal Reserve next meets on September 16 and 17 to discuss changes to the Federal Funds Rate, which is currently set in the 4.25 to 4.5 percent range. Most analysts are predicting the Fed to make a 25 point cut to the benchmark rate, with some now eyeing a larger 50 point cut.

Markets and commodities react

Canadian equity markets were mostly positive during the shortened trading week. The S&P/TSX Composite Index (INDEXTSI:OSPTX) set another new record high on Friday, closing the week up 1.7 percent to 29,050.63. The S&P/TSX Venture Composite Index (INDEXTSI:JX) did even better, climbing 3.34 percent to finish Friday at 857.25. However, the CSE Composite Index (CSE:CSECOMP) went the opposite direction, falling 5.16 percent to end the week at 158.32.

US equity markets were volatile this week, falling sharply at the open of the trading week Tuesday (September 2) before moving back into positive territory. Although the S&P 500 (INDEXSP:INX) pulled back slightly on Friday’s weak jobs data, it ultimately ended the week up 0.33 percent at 6,481.51. The Dow Jones Industrial Average (INDEXDJX:.DJI) took a larger hit Friday, and closed down 0.32 percent on the week at 45,400.87. Of the three, the Nasdaq 100 (INDEXNASDAQ:NDX) was the week’s biggest winner, rising 1.01 percent to 23,652.44.

The gold price was in focus this week as it climbed to a new record high Wednesday (September 3) on expectations of a September rate cut by the Federal Reserve and news on August 29 that a Federal Appellate court had struck down the majority of Donald Trump’s reciprocal tariffs. Gold ended the week up 4.03 percent at US$3,586.27 per ounce after the lackluster jobs report pushed gold above Wednesday’s highs.

Silver had a similarly explosive week, climbing past US$40 for the first time since 2011 and moving as high as US$41.38 on Wednesday. The precious metal finished Friday with a 3.32 percent weekly gain at US$41.07 per ounce.

On the other hand, copper was off this week, shedding 0.87 percent to US$4.54 per pound. The S&P Goldman Sachs Commodities Index (INDEXSP:SPGSCI) posted a decrease of 1.17 percent by close on Friday, finishing at 543.28.

Top Canadian mining stocks this week

How did mining stocks perform against this backdrop?

Take a look at this week’s five best-performing Canadian mining stocks below.

Stocks data for this article was retrieved at 4:00 p.m. EDT on Friday using TradingView’s stock screener. Only companies trading on the TSX, TSXV and CSE with market caps greater than C$10 million are included. Mineral companies within the non-energy minerals, energy minerals, process industry and producer manufacturing sectors were considered.

1. Carlton Precious (TSXV:CPI)

Weekly gain: 77.78 percent
Market cap: C$17.74 million
Share price: C$0.24

Carlton Precious is a mineral exploration company focused on a portfolio of precious metals projects in the Americas and Australia.

Its flagship Esquilache silver project, located in Peru, consists of two mining concessions covering an area of 1,600 hectares. Unsubstantiated records from the property indicate historic mining produced 10 million ounces of silver between 1950 and 1962. Exposed structures on the property show mineralization of silver, lead, zinc, copper and gold.

On March 19, Carlton reported assay results from a 2024 surface channel sampling program, with grades peaking at 13.45 grams per metric ton (g/t) gold and 1,018 g/t silver.

The company’s most recent announcement came on July 14, when Carlton signed an agreement with the community of San Antonio de Esquilache for the project allowing for further exploration at the property. Carlton added that its staff has designed a program of up to 40 drill holes that it expects to commence in fall 2025.

In its September 2025 investor presentation, the company stated it is submitting its drill permit applications.

2. Quantum Critical Metals (TSXV:LEAP)

Weekly gain: 73.68 percent
Market cap: C$17.31 million
Share price: C$0.165

Formerly Durango Resources, Quantum Critical Metals is a polymetallic exploration company developing a portfolio of projects in Québec and British Columbia, Canada.

Its flagship NMX East critical metals project is in the Eeyou Istchee James Bay region of Québec and lies adjacent to Nemaska Lithium’s Whabouchi mine. According to the project page, the company has drilled four holes at the property, producing a highlighted assay of 107.68 meters from surface containing average grades of 38.85 g/t gallium, 701.03 g/t rubidium, 24.98 g/t cesium and 3.61 g/t thallium.

Quantum Critical Metals has also been working to advance its Victory antimony project in Haida Gwaii, British Columbia. The site was initially discovered in the 1980s and hosts mineralization of arsenic, antimony and mercury. On August 25, the company announced it submitted an application to expand the property to 1,444 hectares.

The company’s most recent news came on Thursday (September 4), when it identified mica as a key carrier of critical minerals at its NMX project. Quantum selected samples from the 107 meter interval mentioned above, and the samples with the highest mica content returning significantly higher grades of critical metals, including gallium, rubidium, lithium and niobium.

Quantum has now sent the samples for further testing. If the testing confirms the results, stated the discovery will allow for easier removal of these elements from the rock, as the company can first isolate the mica.

3. Electric Metals (TSXV:EML)

Weekly gain: 66.67 percent
Market cap: C$79.98 million
Share price: C$0.45

Electric Metals is a mineral development company focused on advancing its flagship North Star manganese project in Minnesota, US. According to the company, the asset is North America’s highest-grade manganese resource. It plans to produce high-purity manganese sulphate monohydrate for lithium-ion batteries.

On August 26, Electric Metals released its preliminary economic assessment (PEA) for North Star. The assessment demonstrated a base-case after-tax net present value of US$1.39 billion, with an internal rate of return of 43.5 percent and a payback period of 23 months.

The report also included an updated mineral resource estimate with an indicated resource of 7.6 million metric tons of ore grading 19.07 percent manganese, 22.33 percent iron and 30.94 percent silicon, and an inferred resource of 3.73 million metric tons of ore grading 17.04 percent manganese, 19.04 percent iron and 30.03 percent silicon.

Momentum from the PEA release landed Electric Metals on this list of top performers last week, and its shares climbed even higher this week after the company announced the results of its annual and special shareholder meeting.

Shareholders approved all resolutions, including two related to Electric Metals’ plan to redomicile its business in Delaware, US. The first is continuance from the Canada Business Corporations Act to the Business Corporations Act of British Columbia. Shareholders also voted to authorize a continuance of the company to the Delaware General Corporation Law, with the condition of a successful corporate move to BC.

Electric Metals CEO Brian Savage said the change is intended to align its corporate home with the company’s mission to build a fully domestic US supply of manganese.

4. Valhalla Metals (TSXV:VMXX)

Weekly gain: 66.67 percent
Market cap: C$11.53 million
Share price: C$0.15

Valhalla Metals is a polymetallic exploration company working to advance a pair of projects in Alaska’s Ambler Mining District. Its Sun project consists of 392 claims that cover an area of 25,382 hectares.

A May 2022 technical report states that the indicated mineral resource for the project is 1.71 million metric tons of ore containing 162.96 million pounds of zinc, 55.85 million pounds of copper, 42.04 million pounds of lead, 3.3 million ounces of silver and 12,000 ounces of gold.

It also reported an inferred resource of 9.02 million metric tons containing 831.33 million pounds of zinc, 239.64 million pounds of copper, 290.26 million pounds of lead, 23.68 million ounces of silver and 73,000 ounces of gold.

The project is largely dependent on the construction of the 211 mile Ambler Access Road, which Donald Trump approved in his first term as president. Joe Biden rescinded the federal permit in 2024 due to environmental concerns.

Shares in Valhalla gained momentum this week after Congress voted 215 to 210 on Wednesday to move ahead with the project. It’s expected that the Senate will follow suit when it votes on the resolution in the next few weeks.

5. Orosur Mining (TSXV:OMI)

Weekly gain: 65.31 percent
Market cap: C$108.97 million
Share price: C$0.405

Orosur Mining is an exploration company focused on the development of early to advanced-stage assets in South America.

Exploration has revealed multiple gold deposits at its flagship Anzá gold project in Colombia, which is located 50 kilometers west of Medellin and sits along Colombia’s primary gold belt.

Orosur acquired the project, previously a 49/51 joint venture between Newmont and Agnico Eagle, in November 2024.

Since that time, the company has been working to explore the property and has made several announcements regarding its exploration efforts. The most recent came on August 26, when it reported highlights from infill drilling being carried out at the property, including one hole with 6.13 g/t gold over 71.85 meters from near surface at the Pepas gold prospect.

Orosur also owns several early-stage projects, the El Pantano gold-silver project in Argentina, the Lithium West project in Nigeria and the Ariquemes project in Brazil, which is prospective for tin, niobium and rare earths.

On Monday (September 1), Orosur reported that in August, it had issued 3.28 million new common shares for a total consideration of US$174,711.67 following its exercise of the same number of warrants. It also stated that 31.51 million warrants remained outstanding.

FAQs for Canadian mining stocks

What is the difference between the TSX and TSXV?

The TSX, or Toronto Stock Exchange, is used by senior companies with larger market caps, and the TSXV, or TSX Venture Exchange, is used by smaller-cap companies. Companies listed on the TSXV can graduate to the senior exchange.

How many mining companies are listed on the TSX and TSXV?

As of May 2025, there were 1,565 companies listed on the TSXV, 910 of which were mining companies. Comparatively, the TSX was home to 1,899 companies, with 181 of those being mining companies.

Together, the TSX and TSXV host around 40 percent of the world’s public mining companies.

How much does it cost to list on the TSXV?

There are a variety of different fees that companies must pay to list on the TSXV, and according to the exchange, they can vary based on the transaction’s nature and complexity. The listing fee alone will most likely cost between C$10,000 to C$70,000. Accounting and auditing fees could rack up between C$25,000 and C$100,000, while legal fees are expected to be over C$75,000 and an underwriters’ commission may hit up to 12 percent.

The exchange lists a handful of other fees and expenses companies can expect, including but not limited to security commission and transfer agency fees, investor relations costs and director and officer liability insurance.

These are all just for the initial listing, of course. There are ongoing expenses once companies are trading, such as sustaining fees and additional listing fees, plus the costs associated with filing regular reports.

How do you trade on the TSXV?

Investors can trade on the TSXV the way they would trade stocks on any exchange. This means they can use a stock broker or an individual investment account to buy and sell shares of TSXV-listed companies during the exchange’s trading hours.

Article by Dean Belder; FAQs by Lauren Kelly.

Securities Disclosure: I, Dean Belder, hold no direct investment interest in any company mentioned in this article.

Securities Disclosure: I, Lauren Kelly, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

David Ellison continues to put his stamp on Paramount after its acquisition by Skydance.

The CEO and chairman told employees Thursday that they will be expected to work in the office five days a week starting Jan. 5, 2026, according to a memo obtained by CNBC. Employees who do not wish to make the transition can seek a buyout starting Thursday and until Sept. 15.

“To achieve what we’ve set out to do — and to truly unlock Paramount’s full potential — we must make meaningful changes that position us for long-term success,” Ellison wrote to staffers. “These changes are about building a stronger, more connected, and agile organization that can deliver on our goals and compete at the highest level. We have a lot to accomplish and we’re moving fast. We need to all be rowing in the same direction. And especially when you’re dealing with a creative business like ours, that begins with being together in person.”

The move could help Paramount thin the herd ahead of looming staffing cuts.

Variety reported last month that the company is expected to lay off between 2,000 and 3,000 employees as part of its postmerger cost-cutting measures. These cuts are slated for early November, Variety reported.

Paramount is looking to take $2 billion in costs out of the conglomerate amid advertising losses and industrywide struggles with traditional cable networks.

Phase one of Ellison’s back-to-work plan will see employees in Los Angeles and New York returning to a full five-day workweek in the new year.

Phase two will focus on offices outside LA and New York, including international locations. A similar buyout program will be offered in 2026 for those who operate in these locations.

“We recognize this represents a significant change for many, and we’re committed to supporting you throughout this transition,” Ellison wrote. “We will work closely with managers to ensure you have the time and flexibility to make the necessary adjustments.”

This post appeared first on NBC NEWS

President Donald Trump on Friday endorsed Republican Rep. Ashley Hinson as she runs to succeed retiring GOP Sen. Joni Ernst in Iowa.

Hinson — a former TV news anchor who is in her third term representing Iowa’s 2nd Congressional District, which covers the northeastern portion of the state — showcased her support for Trump as she launched her Senate campaign on Tuesday.

‘I’m running to be President Trump’s top ally in the United States Senate,’ she said. And in a Fox News Digital interview this week, Hinson highlighted that she’s ‘proud to stand’ with Trump.

Trump, in a social media post, said, ‘I know Ashley well, and she is a WINNER!’ 

‘I know Ashley well, and she is a WINNER! A Loving Wife and Proud Mother of two sons, Ashley is a wonderful person, has ALWAYS delivered for Iowa, and will continue doing so in the United States Senate,’ the president said. 

‘Ashley Hinson will be an outstanding Senator, and has my Complete and Total Endorsement – SHE WILL NOT LET YOU DOWN!’

Trump’s support followed earlier endorsements from Senate Majority Leader Sen. John Thune and the National Republican Senatorial Committee (NRSC), which is the Senate GOP’s campaign arm.

‘We need conservative fighters in the Senate — and that’s exactly what we’ll get with Ashley Hinson,’ Thune wrote early Friday as he endorsed Hinson.

And NRSC chair Sen. Tim Scott of South Carolina said, ‘Having traveled Iowa with Ashley, I know she is the fighter the Hawkeye State needs to deliver President Trump’s agenda in 2026 and beyond.’

Hinson doesn’t have the GOP primary field to herself. Former state Sen. Jim Carlin and veteran Joshua Smith had already entered the primary ahead of Ernst’s announcement.

But the support from Trump, Thune, and the NRSC will further boost Hinson, who was already considered the frontrunner for the nomination, and will likely dissuade any others from entering the primary. The president’s clout over the GOP is immense, and his endorsement in a Republican primary is extremely influential.

Hinson’s campaign launch came a few hours after Ernst, in a social media video, officially announced that she wouldn’t seek re-election in next year’s midterms.

‘After a tremendous amount of prayer and reflection, I will not be seeking re-election in 2026,’ the 55-year-old Ernst, who was first elected to the Senate in 2014, said in a video posted to social media.

Ernst, a retired Army Reserve and Iowa National Guard officer who served in the Iraq War, had been wrestling for months over whether to run for re-election in 2026. And in her video, she said, ‘This was no easy decision.’

Ernst first grabbed national attention 11 years ago with her ‘make ’em squeal’ ads as she won the high-profile Senate election in Iowa in the race to succeed retiring longtime Democratic Sen. Tom Harkin.

And Ernst highlighted in her video that ’11 years ago, Iowans elected me as the first female combat veteran to the U.S. Senate, and they did so with a mission in mind – to make Washington squeal. And I’m proud to say we have delivered. We’ve cut waste, fraud, and abuse across the federal government.’

Hinson, in a social media post, thanked Ernst for her ‘incredible service to our state and nation’ as well as for her friendship. ‘Iowa is better off thanks to your selfless service,’ she said.

In an Iowa radio interview on Tuesday, she said that among her priorities as she runs for the Senate are ‘secure borders, keeping men out of girls’ sports, cutting taxes for our working families, standing up for Iowa agriculture and helping our young Iowans who are trying to buy a house and start a family.’

Hinson also pledged to campaign across all 99 of Iowa’s counties, starting with a kick-off event on Friday.

And as she entered the race, Hinson was endorsed by Republican Sens. Jim Banks of Indiana, Katie Britt of Alabama, and Markwayne Mullin of Oklahoma.

House Majority Leader Rep. Steve Scalise, Majority Whip Rep. Tom Emmer, House Republican Leadership Chair Rep. Elise Stefanik and Iowa House Majority Leader Bobby Kaufmann also backed Hinson.

Democratic Senatorial Campaign Committee (DSCC) communications director Maeve Coyle, following Hinson’s announcement, argued that ‘Republicans failed to convince Joni Ernst to run for reelection, and now they may be stuck with Ashley Hinson, who has repeatedly voted to raise costs and make life harder for Iowans by voting to slash Medicaid, cheering on the chaotic tariffs that threaten Iowa’s economy, voting against measures to lower the cost of insulin, and threatening Social Security.’

Responding, Hinson told Fox News Digital, ‘I think they’re misinformed at best.’

And she charged that ‘when I hear the lies and the fearmongering coming out of the left, it’s to only cover up for the fact that they have no message and no real leader other than Bernie and AOC and now Mamdani in New York,’ as she referred to Sen. Bernie Sanders of Vermont, Rep. Alexandria Ocasio-Cortez of New York and New York City Democratic mayoral nominee Zohran Mamdani.

‘If that’s the direction they want to take our country, I think Iowans are going to reject that wholeheartedly,’ she predicted.

Iowa was once a top battleground state that former President Barack Obama carried in his 2008 and 2012 White House victories. But the state has shifted to the right in recent election cycles, with President Donald Trump carrying the state by nine points in 2016, eight points in 2020, and by 13 points last November.

Republicans currently hold both of the state’s U.S. Senate seats – Ernst and longtime Sen. Chuck Grassley – and all four of Iowa’s congressional districts, as well as all statewide offices except for state auditor, which is held by Democrat Rob Sand, who’s running for governor next year.

But Democrats in Iowa are energized after flipping two GOP-held state Senate seats in special elections so far this year.

Five Democrats are already running for Senate in Iowa. The field includes state Rep. Josh Turek, a Paralympian wheelchair basketball player, state Sen. Zach Wahls, Knoxville Chamber of Commerce executive director Nathan Sage and Des Moines School Board Chair Jackie Norris.

‘An open seat in Iowa is just the latest example of Democrats expanding the senatorial map,’ Lauren French, spokesperson for the Democrat-aligned Senate Majority PAC, said in a statement.

But Sen. Tim Scott of South Carolina, the chair of the National Republican Senatorial Committee (NRSC), said in a statement, ‘The NRSC is confident Iowans will elect a Republican to continue fighting for them and championing President Trump’s agenda in 2026.’

Republicans are aiming to not only defend, but expand, the current 53-47 Senate majority in next year’s elections.

Senate Republicans enjoyed a favorable map in the 2024 cycle as they flipped four seats from blue to red to win back the majority.

But the party in power – the Republicans – traditionally faces political headwinds in the midterm elections. Nevertheless, a current read of the 2026 map indicates the GOP may be able to go on offense in some key states.

In battleground Georgia, which Trump narrowly carried in last year’s White House race, Republicans view first-term Sen. Jon Ossoff as the most vulnerable Democrat incumbent up for re-election next year.

They’re also targeting battleground Michigan, where Democratic Sen. Gary Peters is retiring at the end of next year, and swing state New Hampshire, where longtime Democratic Sen. Jeanne Shaheen decided against seeking a fourth six-year term in the Senate.

Also on the NRSC’s target list is blue-leaning Minnesota, where Democratic Sen. Tina Smith isn’t running for re-election.

But the GOP is defending an open seat in battleground North Carolina, where Republican Sen. Thom Tills decided against seeking re-election. And Republicans will likely be forced to spend resources to defend Sen. Jon Husted of Ohio – who was appointed to succeed former senator and now-Vice President JD Vance – as he faces off next year against former Democratic Sen. Sherrod Brown.

Meanwhile, Democrats are also targeting moderate Sen. Susan Collins – who has yet to announce her expected 2026 re-election — in blue-leaning Maine. 

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