Markets

Clean Air Metals Inc. has released its audited financial statements for the fiscal year ending January 31, 2025. Key figures include total assets of $37.9 million and a net loss of $3.1 million. The company will hold its Annual General Meeting on July 29, 2025. Clean Air Metals is advancing its Thunder Bay North project and expects to release a new Preliminary Economic Assessment this fall.

Richard Yu, Huawei’s automotive executive, criticized underperformance within China’s EV sector. He argued against allowing the “lowest common denominator” to dictate industry standards, likening it to a school where the weakest student hinders progress. Yu advocates for prioritizing innovation and celebrating excellence to avoid complacency and ensure user safety and overall advancement.

Ctrip CEO James Liang advocates for policies to boost China’s birth rate, viewing children as crucial for the nation’s future. His plan focuses on financial incentives: monthly cash stipends per child, tax relief for families with multiple children, and mortgage interest rebates. He proposes a lump-sum payment per child and emphasizes the need for a holistic approach encompassing childcare and education.

CW BANCORP announced a quarterly cash dividend of $0.23 per share, payable July 1, 2025, to shareholders of record June 16, 2025. CommerceWest Bank, its subsidiary, focuses on California’s small and medium-sized businesses. The bank provides commercial banking services, including digital banking, loans for various purposes, and treasury management. The dividend reflects a commitment to shareholder returns and supporting California businesses.

The 2025 Fortune 500 showcases record revenue for top US companies, with the entry threshold rising. Walmart secured the top spot, while Amazon was runner-up. UnitedHealth Group surpassed Apple. While Microsoft, Apple, and Tesla saw ranking adjustments, NVIDIA made a significant leap, fueled by a 114% revenue surge, entering the top 50 and leading in shareholder return.

The EU is bracing for potential trade escalation with the US following Trump’s tariff threats, particularly on steel and aluminum. The EU warns of retaliatory measures if new duties are imposed, and views upcoming talks with the US as crucial for de-escalation. Focused on protecting its economic interests, the EU seeks negotiation to remove tariffs and address trade barriers in key sectors, with significant countermeasures already prepared.

Royce Micro-Cap Trust (RMT) announced a $0.18 per share quarterly distribution, payable June 25, 2025, with shareholders able to choose cash or additional shares. The distribution rate is currently 7% annually, subject to change. As of May 31, 2025, the distribution source is primarily long-term gains. The fund’s 5-year average annual total return is 12.71%.

Cronos Group Inc. announced CEO Mike Gorenstein will present at the TD Cowen Future of the Consumer Conference on June 4, 2025. The company, focused on cannabinoid innovation with brands like Spinach and Lord Jones, aims to shape the consumer experience through research and development. The live webcast will be available on Cronos’ investor relations website. This release includes forward-looking statements.

Cogent Communications (CCOI) will issue $600 million in senior secured notes due 2032, offered to qualified institutional buyers, via its subsidiaries. Proceeds will refinance its outstanding $500 million notes due 2026 and provide operational flexibility, including potential shareholder dividends. This offering, which is not guaranteed, will not be registered and has specific trading limitations. Cogent, a major bandwidth provider, operates globally.

Xiaomi partner Pan Jiutang commented on China’s EV market, highlighting the diverse approaches of key players like SAIC, BYD, Huawei, and Xiaomi itself. He emphasized the importance of market forces and consumer choice over internal evaluations of competitors. This followed public comments from another tech executive, reflecting the intense competition and evolving dynamics of the burgeoning Chinese EV industry.