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President Donald Trump on Sunday blasted the Senate’s ‘blue slip’ tradition, calling it an unconstitutional affront to his appointment power and alleging that his rights have ‘been completely taken away from me in States that have just one Democrat United States Senator.’

The president is referring to his ability to nominate judges and U.S. Attorneys, accusing the custom of essentially giving Democrats veto power over his nominees.

U.S. Sen. Chuck Grassley is defending the century-old process, saying he views it as a norm worth preserving for balance and state input.

Blue slips are a long-standing tradition but are not a codified law, and constitutionally he is only allowed the power to nominate while the Senate ultimately approves or rejects that nomination.

Trump’s frustration with the Senate’s blue slip practice isn’t new. In July, Trump called the tradition a ‘hoax’ and a ‘scam’ used by Democrats to block his nominees and demanded that Grassley stop supporting them.

‘Put simply, the president of the United States will never be permitted to appoint the person of his choice because of an ancient, and probably unconstitutional, ‘CUSTOM,’’ his post said.

In his first term, Trump was able to appoint 234 federal judges, including three Supreme Court justices and 54 appellate court judges. However, this term he has only confirmed five in the first seven months.

Trump went on in his post to suggest he was willing to apply pressure and that Grassley shouldn’t acquiesce. 

‘The only candidates that I can get confirmed for these most important positions are, believe it or not, Democrats! Chuck Grassley should allow strong Republican candidates to ascend to these very vital and powerful roles, and tell the Democrats, as they often tell us, to go to HELL!’ he wrote.

Trump’s comments come after U.S. District Judge Matthew Brann recently ruled that Alina Habba had been unlawfully serving as acting U.S. attorney for New Jersey beyond the 120-day limit allowed for temporary prosecutors and that the administration had been using an unusual maneuver to keep her in the role.

Trump’s pressure campaign could shape how many judicial vacancies he can realistically fill in the months ahead.

This post appeared first on FOX NEWS

Jeffrey Epstein did not have the same level of impact in the Senate as the House, but the discourse pushed by many congressional Democrats, and some Republicans, is unlikely to go away when lawmakers return next week.

And the level of Epstein hysteria in Congress may have had an unlikely impact in derailing Republicans’ push in the upper chamber to ram through President Donald Trump’s nominees.

Senate Republicans tried and failed to strike a deal with Senate Democrats to push through dozens of non-controversial nominees, particularly picks that made it through committee with bipartisan support.

Only Secretary of State Marco Rubio, who glided through the Senate unanimously earlier this year, has not been met by Democrats’ blockade.

Rules changes are in the works, but the avenue of using recess appointments, which requires the Senate to adjourn and the House to come into session for the president to elevate his picks on a temporary basis, was all but shot down after House Speaker Mike Johnson, R-La., sent lawmakers home early to sidestep the simmering push to release documents related to Epstein’s case.

‘When the House had an opportunity to take votes on the Epstein files, Speaker Johnson skedaddled out of town, launching the Epstein recess,’ Senate Minority Leader Chuck Schumer, D-N.Y., said last month. ‘This is not complicated.’  

‘After promising full transparency for years, every single time Trump, his administration, Republican leaders have had a chance to be transparent about the Epstein files, they’ve chosen to hide. The evasions, the delays, the excuses, they’re not just odd, they’re alarming.’

Many Republicans in the upper chamber agree that there should be more transparency, but caution that no materials should be released until the names or identifying traits of victims are combed through and kept safe.

Others question why Democrats suddenly care about the Epstein situation.

Sen. Roger Marshall, who supported turning to recess appointments to break Democrats’ log jam, told Fox News Digital that it didn’t ‘make sense to me, and this is part of their psychosis, that they are so separated from reality,’ to keep pushing the Epstein issue.

‘They had four years to do something with this, and it was just quite the opposite,’ the Kansas Republican said. ‘As I recall, just quite the opposite. It was almost like they were hiding something.’

‘My frustration is how they used it to circumvent the agenda of the American people… this is all they’ve got,’ he continued. ‘What else do they have? They don’t have a leader, they don’t have an agenda. They don’t have solutions. All they know is, if it’s President Trump, they’re not going to like it, very matter of fact, they’re going to hate it at the sacrifice of the entire country.’

Meanwhile, Epstein engulfed Washington once again on Friday, with the House Oversight Committee receiving a trove of related documents and the interview between Epstein accomplice Ghislaine Maxwell and Deputy Attorney General Todd Blanche becoming public.

When asked about the files eventually coming to light, Trump told reporters that he was in support of keeping them ‘totally open,’ and charged that Democrats were using Epstein as a smokescreen to detract from his administration’s work.

‘The whole Epstein thing is a Democrat hoax,’ he said. ‘We had the greatest six months, seven months in the history of the presidency, and the Democrats don’t know what to do, so they keep bringing up that stuff.’

This post appeared first on FOX NEWS

France has summoned American ambassador Charles Kushner to Paris, after the diplomat accused the country of not doing enough to combat antisemitism in a letter to French President Emmanuel Macron.

France’s foreign ministry said in a statement issued Sunday that Kushner’s allegations ‘are unacceptable,’ and announced it had summoned the U.S. diplomat to appear Monday at the French Ministry for Europe and Foreign Affairs.

Kushner, who is Jewish, wrote in the letter that antisemitic incidents in France have been fueled by French government statements about recognizing a Palestinian state.

‘Public statements haranguing Israel and gestures toward recognition of a Palestinian state embolden extremists, fuel violence, and endanger Jewish life in France. In today’s world, anti-Zionism is antisemitism – plain and simple,’ Kushner wrote.

Kushner further urged Macron ‘to act decisively: enforce hate-crime laws without exception, ensure the safety of Jewish schools, synagogues and businesses … and abandon steps that give legitimacy to Hamas and its allies.’

The French foreign ministry said in its statement that ‘France firmly rejects these allegations’ from Kushner, adding that French authorities have ‘fully mobilized’ to combat a rise in antisemitic acts since Hamas launched a deadly attack on Israel on Oct. 7, 2023. The ministry further deemed antisemitic acts ‘intolerable.’

The ministry said Kushner’s allegations violate international law and the obligation not to interfere with the internal affairs of another country, adding that they ‘also fall short of the quality of the transatlantic partnership between France and the United States and of the trust that must prevail between allies.’

The U.S. State Department, however, said it backed Kushner and his comments, department spokesperson Tommy Pigott said Sunday evening.

‘Ambassador Kushner is our U.S. government representative in France and is doing a great job advancing our national interests in that role,’ Pigott said.

Macron has been critical of Israeli Prime Minister Benjamin Netanyahu as the war in Gaza continues, while President Donald Trump has been a staunch supporter of the Israeli leader.

Kushner, a real estate developer, is the father of Jared Kushner, who is married to Trump’s daughter Ivanka Trump.

At the end of his first presidential term, Trump pardoned Charles Kushner, who pleaded guilty years earlier to tax evasion and making illegal campaign donations.

The Associated Press contributed to this report.

This post appeared first on FOX NEWS

The Trump administration said Friday that it had taken a 10% stake in Intel, the president’s latest extraordinary move to exert federal government control over private business.

The United States will not seek direct representation on Intel’s board and pledged to vote with the current Board of Directors on matters requiring shareholder approval, ‘with limited exceptions,’ according to a joint release from the Trump administration and Intel. The move also comes as the United States vies with China in the race to dominate the artificial intelligence industry.

President Donald Trump announced the deal on his Truth Social platform Friday, praising the company’s CEO just two weeks after he called on the executive to resign over alleged China ties.

‘It is my Great Honor to report that the United States of America now fully owns and controls 10% of INTEL, a Great American Company that has an even more incredible future,’ he wrote. ‘I negotiated this Deal with Lip-Bu Tan, the Highly Respected Chief Executive Officer of the Company. The United States paid nothing for these Shares, and the Shares are now valued at approximately $11 Billion Dollars. This is a great Deal for America and, also, a great Deal for INTEL. Building leading edge Semiconductors and Chips, which is what INTEL does, is fundamental to the future of our Nation.’

While the U.S. held temporary stakes in firms at the center of the 2008-2009 global financial meltdown as part of a bailout, this move is unusual since the economy is not embroiled in a crisis. Congress published a study in 2003 that examined the impact of the federal government taking direct stakes in public companies, concluding that doing so would “not offer a free lunch” and expose taxpayers to “greater risk” alongside the upside potential.

The stake will be paid for through $5.7 billion in grants previously awarded to Intel under the 2022 U.S. CHIPS and Science Act, plus $3.2 billion awarded to the company as part of a program called Secure Enclave. It’s a formerly classified initiative that Congress appropriated funds for in 2024 after lobbying by Intel, Politico reported in 2024.

Including $2.2 billion in CHIPs grants Intel has received so far, the total investment is $11.1 billion, or 9.9%. Intel is valued at about $108 billion on the stock market.

Trump continues to bulldoze through long-held norms regarding government and business, departing from the free-market ethos that has long prevailed in both major U.S. political parties.

This month, Trump persuaded the chipmakers Nvidia and AMD to pay the U.S. government 15% of their revenues from some sales to China in return for securing export licenses there.

While those firms have seen their fortunes rise amid the larger artificial intelligence boom, a windfall from any of them is no sure thing. In the case of California-based Intel, the company has struggled to keep up with rivals in recent years, with its shares down some 60% from the highs seen during the pandemic.

But amid the ongoing artificial intelligence arms race — and the goal of making computer chips a national security priority — Trump officials zeroed in on Intel as a means of leveling up U.S. control over semiconductor production.

Earlier this week, Japan’s SoftBank also announced it would invest $2 billion in Intel to “deepen their commitment to investing in advanced technology and semiconductor innovation in the United States.’

Some Democrats signaled they were on board with the move.

‘U.S. leadership is critical for both our economy and national security,’ U.S. Senator Mark Warner, D-Virginia, said in a statement Friday evening.

‘Taking an equity stake in Intel may or may not be the right approach, but one thing is clear: allowing cutting-edge chips to flow to China without restraint will erode the value of any investment we make here at home. We need a strategy that protects American innovation, strengthens our workforce, and keeps the technologies of the future firmly in American hands.’

This post appeared first on NBC NEWS

Statistics Canada released July’s consumer price index (CPI) data on Tuesday (August 19). The figures show that inflation decelerated in the month, posting a 1.7 percent year-on-year gain, down from the 1.9 percent recorded in June.

The most significant contributor to the fall was a 16.1 percent decline in gasoline prices from the same period last year.

Excluding the lower costs at the pumps, CPI remained steady at 2.5 percent, the same increase as May and June.

The national reporting agency released June’s mineral production survey on Wednesday (August 20).

The data indicates that production and shipments increased across the board, with copper production rising to 39.17 million kilograms, gold rising to 16,935 kilograms and silver increasing to 29,081 kilograms.

For shipments, copper increased to 45.96 million kilograms from 34.38 million kilograms, gold shipments rose to 18,554 kilograms from 16,725, and silver jumped to 31,391 kilograms from 27,614 kilograms.

On Thursday (August 21), Canadian Prime Minister Mark Carney had a phone call with US President Donald Trump. Although the prime minister’s office has provided few details, the two leaders reportedly had a “productive and wide-ranging conversation” about the current trade dispute, as well as economic and security relations.

Carney and Trump are expected to speak again soon.

South of the border, US Federal Reserve Chair Jerome Powell gave his speech at the Jackson Hole Economic Policy Symposium on Friday (August 22). In his remarks, he said that the Fed’s dual mandate goal is in balance, with the labor market remaining near maximum employment, while inflation has eased from post-pandemic highs.

However, he also said that “a shifting balance of risks may warrant adjusting our policy stance,” hinting at a near-term cut to the Fed’s benchmark interest rate. Expectations are high for a 25 basis point cut in September.

Markets and commodities react

Canadian equity markets were positive this week. The S&P/TSX Composite Index (INDEXTSI:OSPTX) was in record territory, closing the week up 1.44 percent to set at another all-time high of 28,333.13. The S&P/TSX Venture Composite Index (INDEXTSI:JX) did even better, climbing 2.45 percent to finish Friday at 803.61. The CSE Composite Index (CSE:CSECOMP) slumped mid-week but recovered on Friday to post a slight gain of 0.48 percent to 158.82.

US equity markets were mixed this week, but strong gains on Friday following Powell’s comments kept them in record high territory. The S&P 500 (INDEXSP:INX) was up 1.52 percent on Friday, but down by 0.16 percent over the past five days to 6,466.92, while the Nasdaq 100 (INDEXNASDAQ:NDX) rose 1.51 percent on Friday, but sank 1.33 percent on the week to 23,497.83 on Wednesday. Meanwhile, the Dow Jones Industrial Average (INDEXDJX:.DJI) was the sole weekly gainer, rising 1.89 percent on Friday and 1.04 percent on the week to post a new record high of 45,631.73.

The gold price was largely flat this week, but also surged on Friday after Powell hinted at a near-term rate cut, rising 1.11 percent on the week to US$3,373.21 per ounce by 4:00 p.m. EDT on Friday.

Silver saw similar movements, but ended the week with a more significant gain of 2.62 percent US$38.90 per ounce.

Copper saw little change again this week, posting a 0.22 percent decrease to US$4.52 per pound. The S&P GSCI (INDEXSP:SPGSCI) commodities index posted an increase of 1.92 percent by close on Friday, finishing at 545.11.

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.

Stock 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. StrategX Elements (CSE:STGX)

Weekly gain: 63.64 percent
Market cap: C$11.57 million
Share price: C$0.18

StrategX Elements is advancing a portfolio of projects in the Northwest Territories and Nunavut, Canada.

Its most recent focus has been its Nagvaak project in Nunavut, which hosts a 6 kilometer mineralized zone with deposits of nickel, vanadium, cobalt, copper, silver and platinum-group metals.

On March 3, the company discovered a wide zone of high-grade graphite mineralization at Nagvaak, with one assay returning an average of 15 percent graphitic carbon over 32 meters, including an intersection of 22 percent graphitic carbon over 17 meters. StrategX said the hole also returned encouraging concentrations of other minerals, including nickel, copper and silver, supporting potential for a multi-mineral system.

The most recent news from the project came on July 30, when the company announced it was in the process of mobilizing for a 2025 drill program intended to delineate and validate the discoveries.

On Tuesday, the company completed a non-brokered private placement for 3.71 million shares, raising gross proceeds of C$296,960. It announced the placement on August 7 and said funds would be used for general working capital.

2. Max Resource (TSXV:MAX)

Weekly gain: 62.5 percent
Market cap: C$12.59 million
Share price: C$0.065

Max Resource is an explorer working to advance a portfolio of projects in Colombia.

Its Sierra Azul property is a district-scale copper and silver project consisting of 20 mining concessions covering an area of 188 square kilometers in northeastern Colombia.

The asset is covered by a May 2024 earn-in agreement with Freeport-McMoRan (NYSE:FCX), in which Freeport can receive up to an 80 percent stake by funding of C$50 million over 10 years. The site hosts multiple target areas with high-grade copper and silver mineralization, including a 20 kilometer red-bed style copper system at the AM district.

Max also owns the Florália hematite direct-shipping ore iron project located in the Minas Gerais region. The company completed the acquisition of the property in October 2024 from Jaguar Mining (TSX:JAG,OTCQX:JAGGF) for total cash considerations of US$1 million and 4 million performance share units, contingent upon reaching certain milestones. The site hosts hematite deposits with grades over 60 percent iron. Max intends to use a direct-shipping ore process to mine, crush and screen the ore before exporting the material directly to steel mills.

The company’s most recent announcement came this past Tuesday, when it secured the right to acquire Mora title, which lies adjacent to Aris Mining’s (TSX:ARIS,NYSEAMERICAN:ARMN) Marmato mine. The property hosts 40 historic workings with five active mines, with reserves with grades of 3.2 grams per metric ton (g/t) gold from 31.3 million metric tons and a resource of 9 million ounces of gold grading 3 g/t from 61.5 million metric tons.

3. Maple Gold Mines (TSXV:MGM)

Weekly gain: 50 percent
Market cap: C$45.6 million
Share price: C$0.105

Maple Gold Mines is a gold exploration company focused on the advancement of its Douay and Joutel projects located in the Abitibi greenstone belt in Québec, Canada.

The Douay project covers an area of 357 square kilometers. In a 2022 technical report, the company said the site hosts an indicated resource of 511,000 ounces of gold from 10 million metric tons with an average grade of 1.59 g/t gold, with an additional inferred resource of 2.53 million ounces from 76.7 million metric tons at 1.02 g/t.

Joutel is located directly south of Douay. The company announced on May 5 that it had staked an additional 128 mining claims, bringing the total land area at the property to 111 square kilometers from the original 39. The site hosts Agnico Eagle Mines’ (TSX:AEM,NYSE:AEM) past-producing Eagle-Telbel gold mine, which operated from 1974 to 1993. To date, the company has used 250,000 meters of historic drill results to create 3D models to aid in current exploration efforts.

The most recent news from Maple came on Wednesday when it announced a C$5 million non-brokered private placement led by strategic investor Michael Gentile. Additionally, the company reported that Agnico Eagle has indicated it intends to participate in the offering to maintain its pro rata ownership interest in Maple Gold.

The release also said that it has appointed Marc Legault and Chris Adams to the board of directors.

4. Capitan Silver (TSXV:CAPT)

Weekly gain: 40.45 percent
Market cap: C$113.2 million
Share price: C$1.25

Capitan Silver is an explorer focused on advancing silver and gold projects in Durango, Mexico.

The company’s flagship asset is the 100 percent owned Cruz de Plata project, in the heart of Mexico’s historic Penoles Mining District. The district is known for hosting significant silver mineralization and historic mining.

The Cruz de Plata project encompasses two historic silver mines — Jesus Maria and San Rafael — and the El Capitan oxide gold prospect, all within a 22.9 square kilometer land package.

To date, the company has completed 86 diamond drill holes totaling over 11,550 meters.

A 2020 technical report demonstratesd an inferred resource of 16.99 million ounces of contained silver and 331,000 ounces of contained gold from 28.3 million metric tons of ore with grades of 18.7 g/t silver and 0.36 g/t gold.

The most recent news from Capitan came on Friday, when it announced it executed a definitive agreement to acquire a strategic land package at its Cruz de Plata property from Fresnillo (LSE:FRES,OTC Pink:FNLPF) for total cash considerations of US$4 million. The transaction was initially announced in June.

The new parcel consists of seven mineral concessions covering an area of 2,171.4 hectares and increases its total holdings in the area by 85 percent and the surface expression of the silver and gold trend by 1.2 kilometers to the east.

5. District Metals (TSXV:DMX)

Weekly gain: 36.9 percent
Market cap: C$163.98 million
Share price: C$1.15

District Metals is a uranium exploration company focused on advancing a portfolio of assets in Sweden.

Its flagship Viken property covers an area of 38,657 hectares in Jämtland County and in addition to uranium hosts mineral deposits of vanadium, molybdenum, nickel, copper and zinc.

On June 13, District filed a technical report for the project’s updated mineral resource estimate. It shows an indicated resource of 176 million pounds of U3O8 from 456 million metric tons of ore with a grade of 175 parts per million (ppm) U3O8 and an inferred resource of 1.54 billion pounds of U3O8 from 4.3 billion metric tons with a grade of 161 ppm.

The company has also been advancing its Tomtebo-Stollberg zinc project in South-Central Sweden. The project is part of an October 2023 definitive agreement in which Boliden (STO:BOL) can earn an 85 percent interest in the property by spending C$10 million over four years and District can earn a 15 percent stake in Boliden’s Stollberg property.

Tomtebo covers an area of 5,144 hectares and hosts the historic Tomtebo and Lovas mines, while Stollberg covers an area of 5,180 hectares and is located near Boliden’s Garpengerg mine.

The most recent update from Tomtebo came on July 29, when District released assays from a five hole, 2,485 meter drill program conducted between February and April. One highlighted drill hole recorded multiple zones of silver and base metals mineralization, including 88 g/t silver, 3 percent zinc and 1.9 percent lead over 7.85 meters.

The company has not released any news since.

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 February 2025, there were 1,572 companies listed on the TSXV, 905 of which were mining companies. Comparatively, the TSX was home to 1,859 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

A broad selloff in heavyweight tech stocks at the start of the week abruptly reversed after US Federal Reserve Chair Jerome Powell delivered a speech that bolstered expectations of a September interest rate cut.

Speaking at the Jackson Hole Economic Policy Symposium, Powell took a more dovish tone than investors may have been expecting, noting a slowdown in both worker supply and demand that could lead to employment risks.

He stated that the shifting balance of risks may warrant adjusting the Fed’s policy stance, stressing the need to balance both sides of the central bank’s dual mandate when goals are in tension.

This is a change from the Fed’s previous stance, which had been more focused on the need to keep rates high to fight inflation. Powell acknowledged the visible, though likely temporary, effects of tariffs, cautioning about the potential for persistent inflation, but signaled that the Fed is now also seriously considering the downside risks to employment.

A risk-on rally ensued, impacting various market sectors: the S&P 500 (INDEXSP:.INX), Dow Jones Industrial Average (INDEXDJX:.DJI) and Nasdaq Composite (INDEXNASDAQ:.IXIC) all closed up by more than 1.5 percent.

Bitcoin climbed above US$116,800, the Russell 2000 Index (INDEXRUSSELL:RUT) surged by 3.9 percent and 10 year treasury yields decreased by 0.07 percentage points to 4.26 percent. Traders now have higher expectations for a September rate cut, with probabilities exceeding 83 percent according to CME Group’s (NASDAQ:CME) FedWatch tool.

Here’s a look at the other drivers that shaped the tech sector this week.

1. Softbank to invest US$2 billion in Intel

Intel’s (NASDAQ:INTC) share price got a boost this week after a series of major announcements, beginning with SoftBank Group’s (TSE:9984) Monday (August 18) announcement that it plans invest US$2 billion in the company.

“Semiconductors are the foundation of every industry. For more than 50 years, Intel has been a trusted leader in innovation,’ said Masayoshi Son, chairman and CEO of SoftBank, in a press release.

‘This strategic investment reflects our belief that advanced semiconductor manufacturing and supply will further expand in the United States, with Intel playing a critical role,” he added.

Following that news, sources confirmed last week’s reports that the US government was seeking an equity stake in Intel in exchange for Biden-era Chips Act funding. Then, on Friday (August 22), US Secretary of Commerce Howard Lutnick announced that Intel had agreed to sell an 8.9 percent stake to the federal government, a move that will convert billions of dollars in previously awarded grants into a passive ownership stake.

Intel performance, July 28 to August 18, 2025.

Chart via Google Finance.

These developments have sent Intel’s market value soaring, with its share price increasing over 28 percent from the start of the month. Shares of Intel closed up on Friday at US$24.80.

2. Figure files for Nasdaq IPO

Figure Technology filed for an initial public offering (IPO) on the Nasdaq on Monday under the ticker symbol FIGR, joining a growing list of crypto-related companies looking to access public markets following the successful debut of stablecoin issuer Circle Internet Group (NYSE:CRCL).

Figure leverages blockchain to streamline financial services. The company’s filing reveals a strong financial performance, with profit reaching US$29 million in the first half of 2025, compared to a US$13 million loss in the same period last year. Its revenue for the first half of the year was US$191 million.

Goldman Sachs (NYSE:GS), Jefferies Financial Group (NYSE:JEF) and Bank of America Securities are acting as lead underwriters for the offering. The number of shares and price ranges are yet to be confirmed.

3. Google unveils new Pixel and more

Google (NASDAQ:GOOGL) made headlines this week with several new developments spanning its business lines.

The week kicked off with the tech giant announcing it has increased its stake in data center operator and Bitcoin miner TeraWulf (NASDAQ:WULF) to roughly 14 percent, worth US$3.2 billion.

The company also revealed a partnership with advanced nuclear startup Kairos Power and the Tennessee Valley Authority to power its data centers in Tennessee and Alabama using a new nuclear reactor.

On Wednesday (August 20), Google unveiled its latest Pixel smartphone, the Pixel 10, and accessories, with upgrades including a health coach powered by artificial intelligence (AI).

The week culminated with reports of a US$10 billion cloud computing agreement with Meta Platforms (NASDAQ:META) to provide the necessary servers and infrastructure for Meta’s expanding AI operations. The news sent Google’s share price up by over 3 percent and Meta’s up by over 2 percent.

4. NVIDIA tumbles amid China tension and chip sales

NVIDIA (NASDAQ:NVDA) experienced a volatile week, with its share price slipping in early trading on Monday following reports of renewed tensions with China. The downturn was triggered by news that Beijing will move to restrict sales of the H20 AI chip, the company’s most advanced product approved for the Chinese market.

China’s internet and telecom regulator, as well as the state planning agency, issued informal guidance to major tech companies, instructing them to halt new orders of the H20 chips, citing security concerns.

According to unnamed officials who spoke to the Financial Times, the decision was also influenced by “insulting” remarks from US Secretary of Commerce Howard Lutnick.

In response to the Chinese directive, NVIDIA has reportedly instructed its component suppliers, including Foxconn Technology (TPE:2354), Samsung Electronics (KRX:005930) and Amkor Technolgy (NASDAQ:AMKR), to suspend production of the H20 chip; the company also said it is working on a new AI chip for China.

Alphabet, NVIDIA, Palo Alto Networks and Meta Platforms performance, August 19 to 22, 2025.

Chart via Google Finance.

NVIDIA saw the greatest losses midweek, falling over 4 percent between Tuesday and Thursday. The company recovered some of its losses during Friday’s rally, but finished the week over one percent lower.

5. Palo Alto Networks rises on strong forecast

Palo Alto Networks (NASDAQ:PANW) surged over 7 percent on Tuesday after the cybersecurity company forecast that revenue and profit for its 2026 financial year will come in above estimates.

The company gave a strong performance in its 2025 fiscal year, with total revenue increasing 15 percent year-on-year to US$9.2 billion, fueled by an increase in revenue from newer, cloud-based security products. This growth occurred alongside a 24 percent rise in its future contracted business to US$15.8 billion.

The company also surpassed a US$10 billion revenue run rate while maintaining its “Rule-of-50” status — a measure of the balance between growth and profitability — for the fifth consecutive year.

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

This post appeared first on investingnews.com

FBI agents raided the Bethesda, Md., home of former national security adviser John Bolton on Friday morning, marking a new tension point in his difficult relationship with President Donald Trump. Agents also raided Bolton’s D.C. office.

The reason behind the raids was reportedly linked to a probe of allegations that Bolton sent classified documents to his family from a private email server while working at the White House, according to the New York Post. The Post cited a Trump administration official who said FBI Director Kash Patel ordered the raid.

The outlet also reported that yet-to-be-unsealed search warrants reference a controversy over his memoir to establish a pattern of behavior. However, a senior U.S. official told the Post the probe was a ‘clean break’ from the investigation regarding Bolton’s book.

Shortly after the raid began, Patel wrote on X that ‘no one is above the law… [FBI] agents on a mission.’

FBI Deputy Director Dan Bongino shared the post and wrote, ‘Public corruption will not be tolerated.’

Bolton, who served in Trump’s first administration, has not been arrested or taken into custody. Trump revoked his security clearance and Secret Service detail in January 2025.

Trump was asked about the raid on Friday and said he did not know about it ahead of time, claiming he saw it on television. The president then made clear his disdain for his former national security adviser.

‘I’m not a fan of John Bolton. He’s a real lowlife,’ Trump told reporters. He went on to call Bolton ‘not a smart guy’ and said ‘he could be very unpatriotic.’

The president also said Bolton was ‘a very quiet person except on television if he can say something bad about Trump.’

Vice President JD Vance told ‘Meet the Press’ on Friday that ‘we’re in the very early stages of an ongoing investigation into John Bolton.’ Vance denied Bolton was being targeted for criticizing Trump.

A source familiar with the Bolton raid and the evidence used to justify it told Fox News Digital that ‘Bolton really had some nerve to attack Trump over his handling of classified information,’ but would not give more details.

Bolton criticized Trump’s handling of classified documents after the FBI raided Mar-a-Lago in 2022. Trump was later indicted on 37 felony counts, which expanded to 40 before the case was dropped in July 2024.

During Trump’s first administration, a probe into classified documents was launched but later shut down by the Biden administration. The Justice Department argued that Bolton’s 2020 memoir, ‘The Room Where it Happened,’ contained classified material and attempted to block it from being published. 

The FBI and Bolton’s office declined to comment on the matter.

Reporting contributed by Axios and Fox News’ Michael Dorgan, David Spunt, Breanne Deppisch, Emma Woodhead and Brooke Singman.

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As the 11th member of former President Joe Biden’s administration appeared before the House Oversight Committee this week, Fox News Digital asked senators on Capitol Hill if former Vice President Kamala Harris should testify next. 

‘I think they should take her behind closed doors and figure out what she knows and what she’s willing to talk about,’ Sen. Roger Marshall, R-Kan., said. 

House Oversight Committee Chair James Comer, R-Ky., is leading the investigation into the alleged cover-up of Biden’s cognitive decline and use of the autopen during his tenure as president. 

Comer said on Fox News’ ‘The Ingraham Angle’ last month that the ‘odds’ of Harris getting a subpoena to appear before the House Oversight Committee are ‘very high.’ 

While Marshall told Fox News Digital that Harris should testify, he admitted, ‘I don’t think you need her testimony to show Americans what I knew as a physician a long time ago, that Joe Biden had a neurodegenerative disease of some sort.’

Marshall has a medical degree from the University of Kansas and practiced medicine for more than 25 years before running for public office. 

‘All you had to do is look at his very fixed, flat face,’ Marshall explained. ‘Look at his gait, the way he walked. He had a shuffled walk. He didn’t move his arms, hardly at all. When he talked, it was very monotone, a very soft voice. He had malingering thought processes. I don’t think it took much to figure that out.’

After listing the former president’s symptoms, the Kansas senator lamented that Biden ‘turned weakness into war,’ creating a national security threat. 

During Biden’s presidency, the United States’ withdrawal from Afghanistan resulted in the death of 13 U.S. soldiers, Russia invaded Ukraine and Hamas attacked Israel, triggering the ongoing war in Gaza.

But as Republicans demand transparency, Sen. Richard Blumenthal, D-Conn., told Fox News Digital he is far more worried about the ‘challenges we face right now,’ particularly on the economy, inflation and the effect of Trump’s tariff policies. 

Meanwhile, Sen. John Hoeven R-N.D., defended the accountability argument, telling Fox News Digital that Americans ‘always want more information and more transparency.’

‘If you’re involved in an administration, you [should] always be willing to come in and say what you did and why you did it, and you know what it’s all about. I mean, that’s how it works, and that’s what the American people want,’ he said. 

Fox News Digital reached out to Biden and Harris for comment but did not immediately receive a response. 

Fox News Digital’s Elizabeth Elkind contributed to this report. 

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On Saturday, Israeli tanks and troops began maneuvering ever closer to Gaza City’s outskirts in preparation for a full-scale offensive. Eyewitness accounts reported intensified shelling as Israel is moving toward what could be the defining battle of its war against Hamas terrorists: the capture of Gaza City.

Israel’s security cabinet approved the operation, known as Gideon’s Chariots B, and has deployed up to five IDF divisions toward the city’s outskirts—a highly significant mobilization. Thousands of reservists—some 60,000—have been called up.

John Spencer, chair of urban warfare studies at the Madison Policy Forum and executive director of the Urban Warfare Institute, told Fox News Digital the scale of this operation is unprecedented. ‘This will be a bigger challenge than anything the IDF has faced, arguably ever. It is the densest location in Gaza, the heart of Hamas’s stronghold. And you don’t really know what the tunnels are until you get into them.’

Spencer said that ‘Hamas built semi-circles of defenses oriented at Israel. But the IDF has shown creativity in maneuvering around obstacles.’ Israel plans to send more combat power into Gaza City than it has deployed across the entire Strip thus far. ‘If your goal is to clear Gaza City of Hamas’s military capabilities and search for hostages, you need that scale,’ he said.

Gadi Shamni, former commander of the Gaza Division and ex-head of IDF Central Command, told Fox News Digital, ‘It is a crowded city with refugee camps, dense neighborhoods, high-rises and a highly developed underground. People say the IDF controls above and below ground, but in the last campaign we saw that wasn’t always true. Even when you destroy tunnels, Hamas can rebuild them quickly. The longer you stay with more forces, the more opportunities you create for the other side to attack.’

A former senior Israeli security official, speaking on the condition of anonymity, told Fox News Digital, ‘The IDF can militarily conquer Gaza, but the costs will be immense on both sides. The IDF will fight with a method of ‘destroy everything first’—air force bombs, massive charges, detonating streets from afar, wiping out entire areas and advancing slowly.

‘The IDF has gained enormous experience over the past two years and will use those tactics in this battle. … You are strong, the enemy is weak, and you have patience. Even the weather is on Israel’s side, with winter not arriving until January.’

The tunnels remain the most formidable element of Hamas’s defense. Unlike ISIS terrorists in Mosul, Spencer said, Hamas has built an underground tunnel network that allows commanders and fighters to move between positions avoid strikes, and conceal hostages. ‘The IDF that will go into Gaza City is not the IDF of 2023,’ Spencer said, pointing to rapid adaptations in the use of drones, robots, and specialized units for tunnel warfare. ‘They’ve learned so much. But this will still be slow, very careful, and costly.’

To illustrate the scale, Spencer pointed to the 2004 battle for Fallujah in Iraq. ‘It took the Marine Corps about two weeks to clear Fallujah—every single home, building, shop. About 68,000 structures were cleared, as if somebody physically looked in them,’ he said. ‘If all five of these [IDF] divisions were doing that, absolutely, you could get it done in a few months. But the enemy always gets a vote. You can’t rush to failure.’

The former Israeli senior security official described the operation as ‘telescopic—very slow, with pistons working one by one. This pace also gives Hamas the chance at every stage to try to cut a deal.’

On the fate of hostages possibly held in Gaza City, the official was blunt: ‘Some of the hostages will die. I wouldn’t be surprised if more brigades are brought in—the IDF is using immense ground power to seize urban terrain.’

Shamni also warned Hamas may relocate hostages, 50 hostages, of whom 20 are still believed to be alive, into combat zones to deter strikes—a tactic he said the IDF would be reluctant to engage for fear of harming captives, a conflict between military necessity and core values.

Shamni highlighted a particularly fraught dilemma: evacuating civilians. ‘You don’t know who will leave, how many will leave, how they’ll react—or whether Hamas will even allow them to leave,’ he said. ‘I assume many will not evacuate, and then you face the hard dilemma of fighting in a place full of noncombatants.’

Spencer added that history shows around 10% of civilians stay behind. ‘Even 10% of a million is 100,000 people,’ he said.

Shamni forecast a protracted operation: ‘It could take months. Two months might seize the surface, but then you still have to clear tunnels. It will cost many lives—including civilians. The worst-case scenario is that no hostages are found alive or dead because of the destruction.’

Shamni, who also served as Israel’s military attaché in Washington, warned that the dual goals of defeating Hamas and returning hostages are contradictory, risking years of drawn-out fighting. 

Spencer, however, called the decision to press forward a ‘calculated risk,’ explaining that while military action carries dangers, ‘you weigh the risk of Hamas killing the hostages against the certainty that they’re being starved and tortured. Military pressure is the last resort. Without conquering Gaza City, Hamas will continue to hold a sanctuary.’

 

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EXCLUSIVE – New Republican National Committee (RNC) chair Joe Gruters outlined his mission as he took over steering the GOP’s national party committee.

‘The midterms are ahead, where we must expand our major majority in the House, in the Senate, and continue electing Republicans nationwide,’ Gruters said as he addressed committee members moments after being unanimously elected chair at the RNC’s summer meeting, held this year in Atlanta, Georgia.

Gruters, a state senator and RNC committee member from Florida, who, until his election as chair on Friday, briefly served as the national party committee’s treasurer, is a longtime ally of President Donald Trump. His move to the RNC chairmanship cements Trump’s dominance over the GOP as it prepares for midterm battles next year.

And a month ago, Trump endorsed Gruters to succeed now-former RNC chair Michael Whatley, who stepped down as he runs for the Senate in battleground North Carolina in the blockbuster race to succeed retiring GOP Sen. Thom Tillis.

The ascension of Gruters to RNC chair is the latest sign of Trump’s complete control over the national party committee.

‘This is the president’s party. This is the president’s vision, overall. The party fully embraces the president,’ Gruters said as he and Whatley stood for an exclusive interview with Fox News Digital.

Whatley, who Trump picked to steer the RNC a year and a half ago, noted that ‘we have transformed the RNC, basically the way that President Trump has transformed the Republican Party.’

Gruters has been a major Trump supporter dating back to the president’s first campaign for the White House. Gruters served as Florida co-chair Trump’s 2016 campaign.

The Democratic National Committee, taking aim at Gruters following his election as chair, claimed that ‘Gruters and Trump will have a lot to bond over while they turn the Republican Party into even more of a personal propaganda machine for Trump.’

Republicans swept back to power last November, with Trump winning the White House, the GOP retaking control of the Senate and holding onto their fragile majority in the House.

But looking ahead to next year’s midterms, when the party in power traditionally faces political headwinds and loses House and Senate seats, the GOP will be defending their congressional majorities.

A key part of the RNC’s strategy going forward is Trump.

‘We’re gonna ride the president all the way to victory in the midterms, and we are going to win big,’ Gruters emphasized.

Asked about the top three items on his to-do list as he takes over as RNC chair, Gruters said, ‘number one, it’s still election integrity. That’s the most important thing, protecting the vote. And it’s about winning the midterms.’

‘It’s about going back to the fundamentals of registering voters and turning our voters out,’ the new chair added.

Gruters also highlighted Trump’s sweeping GOP-crafted domestic policy bill, which the Republican majorities in Congress passed this summer along near-party lines.

‘It’s our agenda,’ Whatley said in a Fox News Digital interview last month, as he pointed to the massive tax cuts and spending bill that Trump signed into law on July 4.

The measure is stuffed full of Trump’s 2024 campaign trail promises and second-term priorities on tax cuts, immigration, defense, energy and the debt limit. 

It includes extending the president’s signature 2017 tax cuts and eliminating taxes on tips and overtime pay. 

By making his first-term tax rates permanent – they were set to expire later this year – the bill will cut taxes by nearly $4.4 trillion over the next decade, according to analysis by the Congressional Budget Office and the Committee for a Responsible Federal Budget. 

The measure also provides billions for border security and codifies the president’s controversial immigration crackdown.

And the new law also restructures Medicaid – the almost 60-year-old federal program that provides health coverage to roughly 71 million low-income Americans. 

The changes to Medicaid, as well as cuts to food stamps, another one of the nation’s major safety net programs, were drafted in part as an offset to pay for extending Trump’s tax cuts. The measure includes a slew of new rules and regulations, including work requirements for many of those seeking Medicaid coverage.

Democrats, for months, have repeatedly blasted Republicans over the social safety net changes. And they’ve spotlighted a slew of national polls conducted both  before and after the measure was passed into law, that indicate the bill’s popularity in negative territory.

But Gruters sees the new law as campaign ammunition.

‘Every single Democrat in Congress voted for a tax increase on average everyday Americans,’ Gruters argued. ‘And that big, beautiful bill has something for every single American, whether you’re working class, whether you’re a small business owner, everybody benefits, and we’re going to be able to ride that bill all the way to victory.’

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