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The Senate is in for a rare weekend session as the chamber remains in limbo while lawmakers try to find a way out of the government shutdown.

Behind the scenes, appropriators are cooking up a trio of spending bills to attach to the House-passed continuing resolution (CR), along with an extension to the bill that would, if passed, reopen government until December or January.

But the package was not ready for primetime Saturday, and no votes were held. Instead, Senate Republicans spent hours railing against Obamacare and Senate Democrats’ desire to extend the expiring premium subsidies on the floor. 

When the package does hit the floor, Senate Democrats, as they’ve done 14 times previously, are likely to block it. It all comes as the upper chamber is scheduled for a week-long recess to coincide with Veterans Day.

Senate Majority Leader John Thune, R-S.D., now wants to keep lawmakers in town until the shutdown ends.

When asked if there would be a vote on the plan, Thune said it would be ideal to have the package on the floor, but ‘we’ve got to have votes to actually pass it.’ Republicans are reticent to put the CR out again just to see it fail.

‘I’ve been talking all morning with some of the folks that are involved with the meeting, and I think we’re getting close to having it ready,’ Thune said. ‘We just need to get the text out there.’

The spending package, however, is just one piece of the puzzle to reopening the government. 

Senate Minority Leader Chuck Schumer, D-N.Y., and his caucus, freshly emboldened by sweeping Election Day victories earlier in the week, are sticking by their newly released plan that would extend the expiring Obamacare subsidies by one year and create a bipartisan working group to negotiate next steps after the government reopens.

But Senate Republicans immediately rejected the idea; Thune called it a ‘non-starter,’ while others in the GOP were angered by the proposal.

Sen. Eric Schmitt, R-Mo., said he would appeal to President Donald Trump and his administration to slash funding from ‘pet projects’ in blue states and cities to pay federal workers as the shutdown drags on.

‘The idea that you’ve got a bunch of kamikaze pilots trying to burn this whole place down because they’re emboldened by an election where Democrats won in Democrat areas is totally insane,’ he said.

Senate Democrats were largely unsurprised that Republicans rejected the offer, however.

‘I know many Republicans stormed out of the gate to dismiss this offer, but that’s a terrible mistake,’ Schumer said.

Thune and his conference have, throughout the course of the 39-day shutdown, said they would only deal with the subsidies after the government reopened and have offered Schumer and Senate Democrats a vote on a bill addressing the healthcare issue once the closure ends.

‘I’m not surprised,’ Sen. Mark Kelly, D-Ariz., said. ‘They don’t want to help people with their healthcare.’

But Republicans countered that a simple extension of the enhanced subsidies, which were modified under former President Joe Biden during the COVID-19 pandemic, would funnel money straight to insurers.

Sen. Katie Britt, R-Ala., has been in talks with Senate Democrats on a path forward, particularly through jump-starting government funding with the impending trio of spending bills.

After Schumer unveiled Democrats’ plan, she charged that ‘since Obamacare came into effect, look who’s gotten rich? It’s not the people.’

‘They’re talking about the people’s premiums and have … they have taken it to the companies that are actually making the money off of it? They’re not,’ Britt said. ‘So, I look forward to hearing why in the world they want to continue these profits and not actually help the people they serve.’

Senate Democrats, however, contend that their offer was fair.

Sen. Chris Murphy, D-Conn., argued that there were some in the caucus that wanted to do a multi-year extension, while others wanted to go beyond just the enhanced subsidies. He reiterated his frustration that the core of the issue, from his perspective, was that neither Schumer nor Thune would sit down and negotiate.

‘We made a really simple, really scaled-down offer that could get the government up and operating and [is] really good for them politically,’ he said. ‘I just still don’t understand why they won’t accept the offer.’

This post appeared first on FOX NEWS

The Senate could take a test vote as early as tomorrow afternoon on a revamped Republican bill to end the government shutdown and fund parts of the government for the rest of the fiscal year. 

We are still waiting on bill text on a measure which would fund the government through late January and provide money for the Agriculture Department (which funds SNAP), the Veterans Affairs Department and military construction projects and Congress through Sept. 30, 2026. 

But things will begin moving once text is posted tonight or tomorrow morning. 

This appears to be a pure spending bill with nothing separate for renewing Obamacare subsidies. 

The test vote needs 60 yeas. That entails Democratic buy-in. Fox is told to watch the following Democratic senators to see if they will vote to break a filibuster — although they might not be needed to vote for the final bill. Only a simple majority is needed there. 

Fox is told here is the universe of potential senators who caucus with the Democrats to watch as possible yeas to break a filibuster:

Senate Minority Whip Dick Durbin, D-Ill., Sens. Jeanne Shaheen, D-N.H., Jack Reed, D-R.I., Jon Ossoff, D-Ga., John Fetterman, D-Pa., Catherine Cortez Masto, D-Nev., Maggie Hassan, D-N.H., Gary Peters, D-Mo., Angus King, I-Maine, and Patty Murray, D-Wash. Murray is the top Democrat on the Senate Appropriations Committee. Fox is told that Murray scored some significant language in the tenuous spending pact. 

This is a fragile coalition and could fall apart. 

But if the Senate breaks the filibuster, it is just a matter of time before the senators vote to re-open the government. In fact, it’s possible that the Senate could vote Sunday night if senators can forge a time agreement. 

By the book, the Senate is afforded significant debate time once it breaks a filibuster. Fox is told that progressives, steamed that they scored nothing on health care — and were burned by their own party — could try to stretch things out as much as possible. That could mean the Senate doesn’t vote until Tuesday or beyond on final passage. 

But by the same token, Democrats are only preventing SNAP benefits from going out. So they could agree to an expedited process. 

The House is on 48 hours notice to come back. So the House may not return until midweek to align with the Senate and re-open the government. But it’s likely the House could be recalled as soon as possible. 

The House’s disposition is unclear on this legislation. However, it’s hard to believe that most Republicans wouldn’t take this deal. In additon, Reps. Tom Suozzi, D-N.Y., Marie Gluesenkamp Perez, D-Wash., and Jared Golden, D-Maine, are among moderate Democrats who may be in play to vote yes if the GOP loses a few votes. Golden was the lone House Democrat who voted for the old interim spending bill on Sept. 19. Golden has since announced his retirement.

Here’s another question:

Would the House swear-in Rep.-elect Adelita Grijalva, D-Ariz., before or after the vote? Democrats will bray if Johnson fails to swear-in Grijalva before a possible House vote.

And, as we say, it’s always about the math. 

Swearing-in Grijalva puts the House at 433 members with two vacancies. The breakdown is 219 Republicans to 214 Democrats. That means the GOP can only lose two votes before needing help from the Democrats.
 

In addition, brace for the internecine Democratic warfare which will start once Democrats break with their party. Big divisions will emerge between those Democrats who vote to break the filibuster and those holding out for Obamacare subsidies. 

Moreover, consider the emerging chasm between House and Senate Democrats once this is over. 

And, here’s the kicker: It’s entirely possible that a group of Senate Democrats threw their colleagues under the bus to end the shutdown — and the party scored no guarantees on health care money despite their risky political shutdown gambit. 

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A reckoning is coming.

Or shall we say, ‘reckonings.’

And they’re coming, whether the government re-opens soon or remains shuttered.

If the government stays closed, voters will likely torch both parties for not hammering out a deal. Air traffic delays are stacking up. Those problems only intensify as we near Thanksgiving and Christmas. That’s to say nothing of multiple missed paychecks for federal employees, stress, economic consequences and no SNAP benefits for the needy.

Some of those concerns will dissipate if lawmakers address the shutdown quickly. But there will be a reckoning if the shutdown drags deeper into November.

There are likely specific reckonings for both political parties.

For Republicans, it’s a resistance by GOP leaders to address spiking health care subsidies. Yes. The GOP is making a compelling argument that health care subsidies are only necessary because Obamacare is a problem and health care prices skyrocketed. So Republicans are back fighting against Obamacare.

In fact, the entire government shutdown is not about spending levels and appropriations. It’s a re-litigation of the touchstone law passed under President Obama in 2010. And Republicans — despite multiple campaign promises and dozens of efforts to kill the law over a six-year period, failed at nearly every turn.

Despite issues with Obamacare, Democrats annexed the public’s concern about health care costs and linked that to government funding. Democrats appear like the party trying to address the issue as premiums spike. And Republicans, despite promises that they’ll get to it, are inert on the subject. They’re even championing efforts to lambaste Obamacare — much the same as they did in 2010 when Congress passed the law.

Republicans are latched on to the concept that the subsidies are ‘pumping money to insurance companies,’ as Sen. James Lankford, R-Okla., put it on Fox. Lankford also characterized those who benefitted from Obamacare as a ‘select group.’ It works out to about 24 million people. That’s seven percent of the U.S. population. So maybe that burns the GOP politically. Maybe it doesn’t.

A major reckoning looms for the Democrats, too.

It’s possible that a coalition of Democratic senators may break with the Democratic Party and support a new GOP plan to re-open the government on a temporary basis. Nowhere is it written that Democrats — who made the shutdown about health care — are guaranteed an outcome on Obamacare subsidies. Yes, House Speaker Mike Johnson, R-La., and Senate Majority Leader John Thune, R-S.D., have said they’ll address the health care issue after the government is open. But that’s not necessarily a fix.

So Democrats are fuming.

Therefore, it’s a distinct possibility that Democrats will refuse to fund the government in an effort to extract a concession on Obamacare subsidies — and walk away empty-handed.

Such an outcome will spark an internecine firestorm inside the Democratic Party. Progressives felt that Senate Minority Leader Chuck Schumer, D-N.Y., rolled them back in March when he and a squadron of other Democrats helped the GOP crack a filibuster to avoid a shutdown.

It’s doubtful that Schumer will help this time. But Senate Republicans hope to coax just enough Democrats to overcome the filibuster on a pending test vote and then fund the government through late January.

That’s the reckoning for the Democrats. 

No outcome on health care. And getting the screws put to them by members of their own party.

Again.

Progressives will be apoplectic. And House Democrats will seethe — not so privately — at Senate Democrats.

The Senate’s test vote on the new GOP proposal could come as early as Sunday evening. The revised package would also fund the Department of Agriculture and Department of Veterans Affairs, plus, Congress until Sept. 30, 2026.

Fox is told Republicans believe they are in range of persuading Democrats who are sweating the shutdown to join them.

Fox is told that air traffic control and flight delays are contributing to the Democrats’ consternation.

That said, it is believed that the Senate GOP leadership is reluctant to force a vote related to the retooled, spending bill without a guarantee it could break a filibuster. The last thing the Senate needs is another failed procedural vote – after repeated failed test votes over the past six weeks.

Let’s game out the timing for a moment:

By the book, if the Senate breaks the filibuster late Sunday, it’s doubtful the chamber can take a final vote on the package until Monday or Tuesday.  But Fox is told there is a distinct possibility that Democrats could yield back time to expedite the process in the interest of quickly re-opening the government. By the same token, angry liberal senators could bleed out the parliamentary clocks and attempt to amend the bill to their liking — presumably with Obamacare provisions.

The Senate must break yet another filibuster to finish the bill. Then it’s on to final passage. That only needs a simple majority. And even if some Democrats voted to hurdle the filibuster, they might not support the underlying plan at the end. However, that’s not a problem if GOP senators provide the necessary votes.

Then it’s on to the House. The House’s disposition is unclear on this legislation. However, it’s hard to believe that most Republicans wouldn’t take this deal. Reps. Tom Suozzi, D-N.Y., Marie Gluesenkamp Perez, D-Wash. and Jared Golden, D-Maine, are among moderate Democrats who may be in play to vote yes if the GOP loses a few votes. Golden was the lone House Democrat who voted for the old interim spending bill on Friday, September 19. Golden has since announced his retirement.

Another big question: 

Would the House swear-in Rep.-elect Adelita Grijalva, D-Ariz., before or after the vote? Democrats will bray if Johnson fails to swear-in Grijalva before a possible House vote

And, as we say, it’s always about the math.

Swearing-in Grijalva puts the House at 433 members with two vacancies. The breakdown is 219 Republicans to 214 Democrats. That means the GOP can only lose two votes before needing help from the Democrats.

Regardless, the House would not come back until at least the middle of next week if not later. It hinges on how fast the Senate can move, if it has the votes to break a filibuster and what happens to the Obamacare question.

All of this is uncertain after 39 days of the government shutdown.

And the only thing which is certain is the political reckoning for both parties.

This post appeared first on FOX NEWS

Nov. 8, 2025, marks the 50th anniversary of Chevy Chase’s comedic portrayal of U.S. President Gerald Ford as a bumbling klutz on ‘Saturday Night Live.’

Nowadays, we expect ‘SNL’ to mock the president. (There’s even speculation going into each administration about who will play the president.) 

But when Chase did it for the first time, it was groundbreaking. In fact, in the years before ‘SNL,’ mocking the president on what was still the relatively new mass medium of television often had to overcome resistance from network censors and presidential pressure.

In the early 1960s, NBC executives would not allow a comedy sketch about President John F. Kennedy to appear on its ‘Art Carney Show.’ As a network spokesperson explained, ‘We thought it would have been improper to have performers actually portraying the president and his wife,’ adding the ‘decision was based on a matter of good taste.’

The networks were similarly reluctant to mock Kennedy’s successor, Lyndon Johnson. In 1964, NBC imported the British parody show ‘That Was the Week That Was,’ which was specifically developed in England to ‘prick the pomposity of public figures.’ 

Although the show did get in an occasional poke at Johnson, NBC censors constantly battled the show’s producers over LBJ jokes. NBC also took the step of suspending all political humor on the show around the 1964 presidential election.

Another show that tried to make fun of the president was ‘The Smothers Brothers Comedy Hour.’ The show, which premiered on CBS in 1967, even got pushback from Johnson himself. One skit that mocked Johnson prompted Johnson to tell CBS Chairman William Paley in a late-night call, ‘get those b——- off my back.’ Paley asked the show to go easier on the president.

When Richard Nixon was elected in 1968, the brothers pledged to ‘lay off the jokes’ about the incoming president for a time. But that pledge did not stop them from having the comedian David Frye impersonate Nixon on the show. 

Still, the show was canceled in April 1969, over a host of controversies, including sex and religion jokes, as well as political ones.

On the final episode, the brothers read a letter from former President Johnson, claiming that he had been OK with being mocked.

‘It is part of the price of leadership to be the target of clever satirists. You have given the gift of laughter to us. May we never grow so somber or self-important that we fail to appreciate humor.’ 

Although the words were admirable, it was a little hard to take Johnson seriously given his earlier intervention with Paley.

As for Frye, with the show canceled, he continued to impersonate Nixon on comedy albums. But even here, the networks continued to obstruct. In 1973, the three major networks refused to accept advertising in New York for Frye’s Watergate-related album. According to a WABC-TV spokesman, ‘It’s such a serious matter we’ve decided not to accept advertising for any comedy material relating to Watergate.’

With this backdrop in mind, ‘SNL’ must have known that it was taking a risk when it had Chase send up the president on live TV. Chase’s portrayal went beyond light jokes at the president’s expense. Chase was pratfalling around the Oval Office, holding up a glass rather than a phone to his ear and pouring water from a pitcher onto the papers on his desk. Yet the show not only survived, it thrived.

That first ‘SNL’ presidential skit was a watershed moment that helped fundamentally change the relationship between the American people and the president. The 1960s and 1970s had brought the U.S. presidency down in the eyes of the American people. The Kennedy assassination shocked Americans who did not realize the president was so vulnerable. 

The Johnson years punctured the bubble of presidential honesty about foreign affairs. Nixon’s Watergate scandal punctured a similar bubble about domestic affairs. And then the unelected Ford came to power and almost immediately pardoned Nixon for Watergate. The decision is lauded in retrospect but was controversial at the time.

Chase’s opening the show as Ford on that day in 1975 brought mocking presidents out from the narrowcast world of Lenny Bruce and Mort Sahl comedy routines and more regularly into the mass media. That first ‘SNL’ sketch ushered in a period in which presidents became both closer to and further from the American people. 

Mockery can keep physically- removed politicians less distant from everyday citizens. As a result, presidents are now nearly ubiquitous in a world of TV and social media, with constant mockery taking them down a peg — or more. In this world, even a short presidential disappearance of a day or two can lead to unfounded rumors of a presidential demise.

At the same time, presidents are further from the American people in that the security bubble around them is so much tighter. The White House resembles an armed camp. Presidential motorcades are unapproachable, and presidents are hard-pressed to continue to communicate regularly with friends. George W. Bush gave up e-mail. Obama resisted pressure to give up his BlackBerry.

In our current Chevy Chase-enabled world, presidential mockery is a constant. While Stephen Colbert and Jimmy Kimmel learned that presidents and network suits can still target an individual comic or show, those are unfortunate exceptions rather than the rule, and even Kimmel’s exile lasted barely a week. 

The continuing mockery of the president on Kimmel, as well as South Park, Jon Stewart, social media and a host of other places, shows that the genie of mass market, largely uncensored, mockery of presidents unleashed by Chevy Chase on ‘SNL’ a half century ago is not going back in the bottle, and for that we should be grateful.

This post appeared first on FOX NEWS

Republican Rep. Riley Moore said the United States could take a range of actions — including sanctions and ‘even kinetic military action’ — in response to what he called the ‘genocide’ of Christians in Nigeria.

Trump designated Moore, a member of the Appropriations Committee from West Virginia, along with Chairman Tom Cole, R-Okla., to lead an investigation into the killing of Christians by Islamist militants in the African nation.

Frustrations with the matter boiled out into the open when Trump this week designated Nigeria as a country of particular concern and ordered the Pentagon to prepare to intervene militarily.

In a video on Truth Social this week, Trump threatened to ‘do things to Nigeria that Nigeria is not going to be happy about’ and ‘go into that now-disgraced country guns-a-blazing.’

Moore told Fox News Digital the designation unlocks ’15 different levers’ the administration can use against Nigeria, including halting arms sales, freezing aid and sanctioning officials or institutions accused of ignoring or enabling religious killings.

‘All options are on the table here for this, even kinetic military action,’ Moore said. ‘That could mean targeted, strategic counterterrorism strikes to get rid of some of the top leadership if that’s what it takes to stop the killing.’

‘We’ve been providing security assistance to this country since at least 2009 – billions of dollars worth of arm sales, training and equipment that they’ve received. And it’s a question of prioritization in what’s important to them. And clearly this has not been one of the most important things.’

The West Virginia Republican said he has been working with the House Appropriations Committee and the State Department to identify what he called ‘legislative levers’ that could support the administration’s response. Moore said he’s also consulting with NGOs and Christian organizations ‘on the ground’ in Nigeria to document the scale of the violence.

He described the attacks as a ‘genocide,’ claiming Christians are being killed at a rate of five to one compared with non-Christians. Moore accused Nigeria’s government of ‘looking the other way’ despite receiving billions in U.S. security aid since 2009.

‘They’re not taking this seriously,’ he said. ‘We had a pastor warn the government about an impending attack — they called it fake news. Within 24 hours, that pastor and 20 of his congregants were murdered.’

The Nigerian government denies a genocide is taking place. ‘Portraying Nigeria’s security challenges as a targeted campaign against a single religious group is a gross misrepresentation of reality. Terrorists attack all who reject their murderous ideology — Muslims, Christians, and those of no faith alike,’ the office of the presidency wrote on X. 

Moore said he and House Appropriations Chairman Tom Cole, R-Okla., plan to meet with Nigerian officials in Washington this month as part of the investigation, and may even send delegations to the nation. He added that the U.S. could still work with Nigeria’s government if it shows a willingness to confront extremist groups.

‘It’s not all sticks here — there are some carrots in this,’ Moore said. ‘If they’re willing to work with us, this could actually lead to a stronger relationship between our countries.’

The Nigerian government has denied that the killings amount to religious persecution, arguing that extremist and criminal groups target civilians of all faiths.

With a population of more than 230 million, Nigeria’s vibrant and often turbulent cities and villages are home to people of strikingly diverse backgrounds. The country’s more than 500 languages and mix of Islam, Christianity, and traditional indigenous faiths have long been marred by tension.

Nigeria’s faith communities remain sharply divided, with Muslims dominating the northern regions and Christians concentrated in the south.

Christianity took firm root in the 19th century, when freed slaves educated in Sierra Leone returned home as teachers and missionaries — establishing schools, churches, and early congregations that continue to shape southern Nigeria’s identity today.

Despite vast oil and mineral wealth, decades of corruption and mismanagement have left much of the nation impoverished.

Nigeria’s growing cache of lithium, cobalt, nickel, and other rare minerals has drawn quiet U.S. attention as Washington looks to counter China’s dominance in Africa’s critical-minerals market. The Commerce Department and U.S. International Development Finance Corp. have eyed investment opportunities in Nigeria’s nascent lithium industry, but persistent insecurity in mining regions threatens Western access and future development.

For over a decade, Nigeria’s Christians fleeing the nation’s northern half have been subject to the violence of Boko Haram, an Islamist militant group known for its terrorist spectacles. Churches and homes burned, communities vanishing in the group’s night raids.

Numbers are difficult to verify, but the International Society for Civil Liberties and Rule of Law reports at least 52,000 Christians have been killed, some 18,500 abducted and unlikely to have survived, and 20,000 churches and Christian schools attacked between 2009 and 2023.

In 2014, Boko Haram famously kidnapped and enslaved 276 teenage girls in a raid on a high school dormitory. The group regularly arms children as suicide bombers and holds slave markets in captured territories.

But a direct U.S. military campaign would prove difficult with current U.S. assets in the nation and is unlikely, one defense official told Fox News Digital.

The United States currently has no permanent military base in Nigeria, though small teams of U.S. advisors and special operations trainers work periodically with Nigerian forces under AFRICOM programs.

Washington approved about $600 million in security aid to Nigeria over the past decade, mostly focused on counterterrorism in the northeast.

This post appeared first on FOX NEWS

Plus, we break down next week’s market catalysts to watch to help you prepare for the week ahead.

In this article:

    This week’s tech market round-up

    The tech space was marked by heightened volatility this week, with sharp swings driven by concerns over inflated artificial intelligence (AI) valuations and mixed economic data.

    Global markets gained early in the week, driven by optimism over a US-China trade truce, along with a US$38 billion AI cloud deal between OpenAI and Amazon (NASDAQ:AMZN).

    However, gains were tempered following comments from the Global Financial Leaders’ Investment Summit in Hong Kong, where Goldman Sachs (NYSE:GS) CEO David Solomon warned of a likely 10 to 20 percent pullback in equities within the next 12 to 24 months. Other panelists at the event offered similar projections.

    Futures tracking the S&P/TSX Composite Index (INDEXTSI:OSPTX) weakened ahead of the release of Canada’s federal budget, which promises C$925.6 million for sovereign compute capacity, quantum tech funding and support for open banking and stablecoins. The government aims to attract C$500 billion in private sector investment over five years.

    US tech stocks sold off again on Wednesday (November 5) amid uncertainty over the Supreme Court’s tariff ruling and short positions by Michael Burry on NVIDIA (NASDAQ:NVDA) and Palantir Technologies (NASDAQ:PLTR).

    A stronger-than-expected ADP report helped stabilize the tech sector midday, but October jobs data weighed on markets again Thursday (November 6), cooling risk appetite, especially for AI momentum stocks.

    Wall Street’s main indexes extended losses to a second session on Friday (November 7) and posted weekly declines as the Volatility Index (INDEXCBOE:VIX) hit its highest level in a fortnight, just one week after the S&P 500 (INDEXSP:.INX) and Nasdaq Composite (INDEXNASDAQ:.IXIC) notched their longest winning streak in four and seven years, respectively.

    Traders were pricing in a 70.2 percent chance of a 25 basis point interest rate cut from the US Federal Reserve in December at the time of this writing, down from 90 percent last week.

    3 tech stocks moving markets this week

    1. Palantir Technologies (NASDAQ:PLTR)

    Palantir reported a strong Q3 earnings beat with a year-on-year revenue increase of 63 percent to US$1.18 billion, exceeding analyst expectations of US$1.09 billion.

    Earnings per share were also above forecasts, coming in at US$0.21 compared to expectations of US$0.17.

    The company’s total contract value rose to US$2.76 billion, a record high, driven by a 121 percent rise in US commercial revenue and a 52 percent increase in US government revenue.

    The company also raised its full-year 2025 revenue guidance to around US$4.4 billion, driven by continued strong AI demand and government contracts. On the earnings call, management expressed confidence in continued growth fueled by AI, emphasizing strategic partnerships with companies like NVIDIA, while acknowledging challenges in the European market and operational scaling.

    However, Palantir’s share price dropped about 3 percent in after-hours trading. Analysts attributed the market reaction to concerns over the prolonged US government shutdown potentially impacting contracts, alongside a large bearish bet revealed by Michael Burry’s fund.

    The company’s stock is down 14 percent for the week.

    2. Amazon (NASDAQ:AMZN)

    Shares of Amazon rallied on Monday morning after announcing a US$38 billion multi-year partnership with OpenAI to run its advanced AI workloads on Amazon Web Services (AWS) infrastructure, providing access to hundreds of thousands of NVIDIA GPUs and specialized AWS chips.

    The deal significantly strengthens AWS’s position in the AI cloud market. Investors had a marked reaction to the news, driving Amazon’s shares price to a record high of US$US$254.

    However, gains were partially erased during the broader tech sector pullback. Its stock ultimately closed the week down 4.28 percent.

    3. NVIDIA (NASDAQ:NVDA)

    Shares of NVIDIA have been dragged down this week due to valuation concerns and fears related to US export restrictions on advanced AI chips to China.

    During a 60 Minutes interview with Norah O’Donnell on Sunday (November 2) evening that covered a range of topics, President Trump stated NVIDIA’s most advanced AI chips would be reserved exclusively for US companies. The market reacted by sending shares of NVIDIA (up or down?) on Monday morning.

    Also on Monday, Microsoft provided an update on its US$15.2 billion planned investment in the UAE, which will include increasing its AI computing power in the UAE by four times to reach the equivalent of 60,400 NVIDIA A100 GPUs in compute power in the country.

    NVIDIA shares, also boosted by Loop Capital raising its price target by US$100, rose by over four percent from Friday’s closing price in early trading.

    However, a large bearish position against NVIDIA was disclosed from Burry’s fund on Wednesday, adding to downward pressure already on its shares amidst a tech stock sell-off.

    During a Thursday press conference, White House Press Secretary Karoline Leavitt told reporters that Trump “was not interested in selling (the Blackwell chip) to China at this time”.

    Meanwhile, during the Financial Times’ Future of AI Summit, NVIDIA CEO Jensen Huang said the West is being held back by “cynicism” and reportedly told the outlet, “China is going to win the AI race.”

    Huang has previously warned that US restrictions could backfire by accelerating China’s domestic chip development, arguing the US should stay engaged with Chinese developers to maintain leadership. The company’s shares are down 9.53 percent for the week.

    NVIDIA, Palantir and Amazon performance, November 3 to 7, 2025.

    Chart via Google Finance.

    Top tech news of the week

          Tech ETF performance

          Tech exchange-traded funds (ETFs) track baskets of major tech stocks, meaning their performance helps investors gauge the overall performance of different sectors.

          This week, the iShares Semiconductor ETF (NASDAQ:SOXX) declined by 4.81 percent, while the Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) saw a weekly loss of 5.2 percent.

          The VanEck Semiconductor ETF (NASDAQ:SMH) decreased by 5.41 percent.

          Tech news to watch next week

          Next week, investors will hear earnings results from Cisco Systems (NASDAQ:CSCO), due to report its Q1FY26 earnings on November 12. The company is expected to deliver a year-on-year increase in earnings on higher revenues. Semiconductor equipment supplier, Applied Materials, is also set to report its Q4 earnings on November 13.

          AMD will have its Financial Analyst Day on Tuesday (November 11), providing further strategic updates and outlook.

          Analysts and investors will also be watching for any sign of an end to the 38-day government shutdown after Senate Minority Leader Chuck Schumer (D-NY) unveiled a plan to attach a one year extension to the expiring Obamacare subsidies and to create a bipartisan committee that could negotiate further on how to deal with the subsidies after the government reopened. Majority leader John Thune reportedly told CBS News that the Democratic proposal is a ‘nonstarter’.

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

          This post appeared first on investingnews.com

          Lobo Tiggre, CEO of IndependentSpeculator.com, shares why copper is his highest-confidence trade for 2026, as well as when he will consider buying.

          ‘I now have probably more cash to put into play than I’ve ever had sitting on the sidelines waiting for this copper buying opportunity,’ he said.

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

          This post appeared first on investingnews.com

          Statistics Canada released October’s job numbers on Friday (November 7). The data showed a surprise expansion of the Canadian labor market with the addition of 67,000 new jobs during the month, as well as a 0.2 percent drop in the unemployment rate to 6.9 percent.

          This marks the second consecutive monthly increase, following 60,000 new workers entering the market in September. The gains over the two-month period also offset the cumulative 106,000 losses that were recorded in July and August.

          The biggest gains came in the wholesale and retail trade sector, which added 40,700 new jobs; followed by transportation and warehousing, which added 29,500; and information, culture and recreation, which added 25,200.

          The report comes just days after the federal Liberal Party tabled its first budget since winning the election in April. The budget estimates an initial deficit of C$78 billion in 2025-26, which would slowly decline to C$57 billion in 2030.

          The budget places greater focus on nation-building, strengthening climate competitiveness, streamlining government activities and reducing annual operational costs by C$13 billion by 2029, while maintaining critical social supports.

          Highlighting the budget is a promise for a C$51 billion investment over 10 years for local infrastructure projects and a C$81.8 billion over five years for defence spending C$72 billion of which will be new money.

          On the mining side of the equation, the Mining Association of Canada said on Tuesday (November 4) that it applauds the budget for several measures aimed at the Canadian mining sector.

          Among them, C$2 billion over five years will be directed to Natural Resources Canada to create the Critical Minerals Sovereign fund, which will be used to invest in critical mineral projects and companies.

          The budget will also move the existing Critical Minerals Infrastructure Fund into the new First and Last Mile Fund, which will focus investment into near-term projects to get them to production sooner, and provide tax measures so companies can write off capital investments more quickly.

          The Mining Association also highlighted the proposed expansion of the Critical Mineral Exploration Tax Credit to include an additional 12 minerals, including bismuth, cesium, manganese, tin and tungsten.

          Additionally, the budget indicated that its focus on investing in clean technologies and carbon capture to reduce emissions would eventually render oil and gas emission caps unnecessary.

          For more on what’s moving markets this week, check out our top market news round-up.

          Markets and commodities react

          Canadian equity markets were down this week.

          The S&P/TSX Composite Index (INDEXTSI:OSPTX) lost just 0.15 percent over the week to close Friday at 29,912.19.

          Meanwhile, the S&P/TSX Venture Composite Index (INDEXTSI:JX) had a much more challenging week, falliing 7.63 percent to 885.31. The CSE Composite Index (CSE:CSECOMP) also had a bad week, plunging 7.35 percent to close out the week at 163.51.

          The gold price ended the week flat, closing at US$4,000.20 per ounce by 4:00 p.m. EST Friday. The silver price fell slightly, dropping 0.66 percent to US$48.35.

          Meanwhile, in base metals, the copper price shed 2.72 percent to US$5.01 per pound.

          The S&P Goldman Sachs Commodities Index (INDEXSP:SPGSCI) fell 0.2 percent to end Friday at 553.62.

          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. EST 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. Quarterback Resources (CSE:QB)

          Weekly gain: 160 percent
          Market cap: C$11.36 million
          Share price: C$1.3

          Quarterback Resources is an exploration company focused on exploring the Twin gold property in Northwest British Columbia, Canada.

          The project is located in the Omineca Mining District near Fort St. James, and consists of 16 mineral claims covering 11,110 hectares. The site has a history of mineral exploration dating back to the 1970s, including 109 drill holes.

          Quarterback holds an option to acquire a 100 percent stake in the property through an earn-in agreement in exchange for C$800,000 in cash payments and C$4.74 million in exploration expenditures over a six-year period.

          According to a technical report released in November 2024, the company relogged three of the historic holes from the Takla-Rainbow zone, with one hole returning a grade of 2.26 parts per million (ppm) gold, 2.15 ppm silver and 0.19 percent copper over 22.52 meters.

          Shares in Quarterback were up significantly this week. Its most recent news came on Wednesday (November 5) when it filed its monthly progress report on the Canadian Securities Exchange website. The company noted that it was proceeding with a Phase 1 exploration program, which is planned to include LIDAR and induced polarization surveys.

          2. Mont Royal Resources (TSXV:MRZL)

          Weekly gain: 62.5 percent
          Market cap: C$47.55 million
          Share price: C$0.26

          Mont Royal Resources is an Australia-based exploration company focused on a trio of projects in Québec, Canada. The company began trading on the TSXV on November 5 following a merger with Canada-based Commerce Resources.

          The merger combined Commerce’s Ashram rare earth and flourspar project and Eldor niobium projects, with Mont Royal’s existing Northern Lights gold-copper-lithium project, all of which are located in Quebec.

          In the October 22 news release announcing the completion of the merger, it stated its core focus would be on the Ashram rare earth and flourspar project and that the deal provided a compelling opportunity to establish a new source of rare earths in North America.

          Ashram, located near Nunavik, Quebec, has received more than AU$50 million in investment for exploration activities, development studies and resource definition.

          According to the project page, a mineral resource estimate from April 2024 produced an indicated resource grading 1.89 percent total rare earth oxides (TREO) and 6.6 percent fluorspar from 73.2 million metric tons of ore.

          Although the company did not release project news this week, two of its projects contain minerals that were added to the CMETC as part of the fall budget.

          3. Royalties Inc. (CSE:RI)

          Weekly gain: 38.46 percent
          Market cap: C$11.36 million
          Share price: C$0.09

          Royalties is focused on building cash flow through the acquisition of mineral and music royalty assets.

          The company has a 100 percent interest in the Bilbao silver property in Zacatecas, Mexico, which hosts silver, zinc and lead deposits. As silver prices improve, the company is seeking to monetize the property.

          In June, the company reported that its subsidiary, Minera Portree, won its lawsuit against Capstone Copper (TSX:CS,OTC Pink:CSCCF), asserting its ownership of a 2 percent net smelter return royalty on five mineral concessions at the Cozamin copper-silver mine in Zacatecas.

          The protracted legal dispute began after Capstone re-assigned the royalty to itself through a 2019 contract without informing or paying Minera Portree.

          Under the terms of the judgment, the 2 percent NSR will revert back to Minera Portree along with royalties for the exploitation of concessions between 2002 and 2019. The amounts for those royalties will be set at the execution phase. Capstone Gold is also ordered to pay royalties from the Portree 1 concession from August 2019 to present.

          While Capstone appealed the decision, Royalties announced on Thursday (November 6) that an appellate court had upheld the original June decision, deeming the appellant’s arguments inoperative and inadmissible.

          4. Africa Energy (TSXV:AFE)

          Weekly gain: 31.82 percent
          Market cap: C$64.69 million
          Share price: C$0.145

          Africa Energy is a South Africa-focused oil and gas exploration and development company.

          Its flagship asset is Block 11B/12B located approximately 175 kilometers off the south coast of South Africa. The block covers an area of 18,734 square kilometers and depths between 200 meters and 1,800 meters.

          It holds a 4.9 percent interest in the asset through its investment in Main Street 1549, a 49/51 joint venture with Arostyle Investments. The three other partners in the asset announced plans to withdraw from the Block 11B/12B joint venture in July 2024, and announced a definitive agreement for the new ownership structure of the Block 11B/12B asset in May of this year.

          The restructuring would result in Africa Energy holding a 75 percent stake in the block, with Arostyle Investments holding the remaining 25 percent. This is contingent on the asset being granted the production rights, which requires approval of its environmental and social impact assessment.

          Shares in Africa Energy were up this week. Its most recent news came on October 9, when it provided an operational update from Block 11B/12B. The company announced that it had been granted an extension to submit its environmental and social impact assessment until May 4, 2026.

          5. Highland Critical Minerals (CSE:HLND)

          Weekly gain: 26.87 percent
          Market cap: C$79.73 million
          Share price: C$4.25

          Highland Critical Minerals is an exploration company focused on advancing its flagship Church lithium property in Ontario, Canada.

          The project, located near Thunder Bay, Ontario, is situated within the Quetico region. A preliminary exploration program at the property conducted in August 2023 discovered five pegmatites hosting quartz, feldspar and muscovite and returned high lithium grades up to 3 percent lithium dioxide.

          In addition to Church, Highland has been working to acquire other critical mineral properties, with the most recent announced on Friday. In the news release, the company said it had entered into a binding letter of intent to acquire mining claims covering 3,138.874 hectares in the Yathkyed Lake Greenstone Belt in Nunavut, Canada, expanding Highland’s critical mineral portfolio.

          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

          Rich Checkan, president and COO of Asset Strategies International, shares his thoughts on the recent pullback in gold and silver prices, emphasizing that both still have room to run.

          In his view, silver is set to outpace gold in 2026.

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

          This post appeared first on investingnews.com

          Surface Metals Inc. (CSE: SUR,OTC:SURMF) (OTCQB: SURMF) (the ‘Company’, or ‘Surface Metals’) has granted 250,000 options priced at $0.255 to a consultant, and directors and officers have voluntarily surrendered 499,999 options issued on April 14, 2022 at $3.84 (post consolidation).

          As per the press release announced on October 29th, 2025, IDR Marketing Inc. ‘IDR’, has been retained for a six month period commencing October 29th to provide public relations strategies, brand awareness, financial and digital marketing services to the Company. IDR is a California Corporation with its registered office located at 100 Oceangate, 12th Floor, Long Beach, CA, USA, 90802. Its principal and president is Linda Josey, an arm’s-length party. Contact details: linda@idrmarketing.com (562) 343-7483.

          IDR Marketing Inc. is an independent ad agency providing full-scale integrated marketing and advertising services. Clients trust IDR for brand strategy and awareness, digital marketing, social media and advertising, newswire distribution, article marketing,

          About Surface Metals Inc.

          Surface Metals Inc. (CSE: SUR,OTC:SURMF) (OTCQB: SURMF) is a North American mineral exploration company focused on advancing a diversified portfolio of gold and lithium projects in Nevada, USA, and Manitoba, Canada. The Company’s Cimarron Gold Project is located in Nye County, Nevada, in a historically productive gold district. Surface’s Clayton Valley Lithium Brine Project hosts an inferred resource of approximately 302,900 tonnes LCE adjacent to Albemarle’s Silver Peak Mine. Surface Metals is also advancing lithium projects in Fish Lake Valley, Nevada, and through a joint venture with Snow Lake Energy in southeastern Manitoba.

          On behalf of the Board of Directors

          Steve Hanson
          Chief Executive Officer, President, and Director
          Telephone: (604) 564-9045
          info@surfacemetals.com

          Neither the CSE nor its regulations service providers accept responsibility for the adequacy or accuracy of this news release. This news release contains certain statements which may constitute forward-looking information within the meaning of applicable securities laws (‘forward-looking statements’). Any forward-looking statement speaks only as of the date it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.

          To view the source version of this press release, please visit https://www.newsfilecorp.com/release/273738

          News Provided by Newsfile via QuoteMedia

          This post appeared first on investingnews.com