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This week’s market action reflected renewed caution amid evolving signals from the US Federal Reserve, with tech stocks facing pressure from shifting interest rate expectations and renewed overvaluation concerns.

Artificial intelligence (AI) heavyweight NVIDIA (NASDAQ:NVDA) announced a US$100 billion investment partnership with OpenAI on Monday (September 22), deploying at least 10 gigawatts of NVIDIA-powered data centers.

The initial US$10 billion investment will occur once the first gigawatt is operational in late 2026. OpenAI will purchase chips from NVIDIA with this investment, and NVIDIA will receive non-controlling equity in OpenAI.

The news was initially met with optimistic market sentiment, buoying NVIDIA shares and related AI-focused tech stocks.

Similarly, data center developers experienced a surge in their stock prices due to the increasing need for AI infrastructure. This was further fueled by announcements of significant expansion projects, such as the Stargate initiative. This rally hasn’t translated to ongoing price momentum at this point.

Global markets gained ahead of Fed Chair Jerome Powell’s Tuesday (September 23) remarks, in Providence, Rhode Island, during which he offered cautious guidance and dimmed hopes for near-term rate cuts.

Meanwhile, Canada’s S&P/TSX Composite Index (INDEXTSI:OSPTX) marked a milestone, breaking 30,000.

The milestone came as Bank of Canada Governor Tiff Macklem stressed the urgent need for economic reforms to counteract risks from US trade protectionism and the US dollar’s declining safe-haven status.

A more cautious tone emerged midweek, with analysts and investors weighing potential risks around the scale of the deal, including concerns about circular financing and renewed questions about market concentration.

Oracle’s (NYSE:ORCL) issuance of US$18 billion in public debt to expand its AI data center operations fueled concerns about escalating leverage risks. Meanwhile, at the macro leve, factors such as stronger-than-expected US unemployment numbers, and geopolitical tension after US President Donald Trump’s contentious remarks at the UN General Assembly, contributed to a market pause. Major US indexes marked their third straight day of losses on Thursday (September 25), with the tech sector bearing much of the brunt.

Nasdaq-100 performance, September 19 to 26, 2025.

Chart via Nasdaq.

The market rebounded slightly on Friday (September 26) as the latest US personal consumption expenditures index data aligned with expectations, giving investors relief and a sense of continued stability.

The Nasdaq-100 (INDEXNASDAQ:NDX) and S&P 500 (INDEXSP:.INX) posted modest losses for the week, reflecting a wait-and-see mood heading into the fourth quarter.

3 stocks that moved markets this week

Apple (NASDAQ:AAPL)

  • Share price performance: Shares of Apple have risen 11.45 percent since September 12 pre-orders, positively impacted by strong iPhone 17 sales exceeding expectations.

    Intel (NASDAQ:INTC)

    • Share price performance: Shares of Intel rose 19.65 percent this week as the legacy tech company continued to strengthen its market position.

      GlobalFoundries (NASDAQ:GFS)

        • News highlights: The US said it is planning to implement a 1:1 chip production rule to reduce reliance on overseas semiconductor supply. Under this proposal, chip manufacturers would be required to produce domestically as many semiconductors as their customers import from foreign suppliers. Companies failing to maintain this 1:1 domestic-to-import production ratio over time may face tariffs.

        Apple, Global Foundries and Intel performance, September 23 to 26, 2025.

        Chart via Google Finance.

        ETF performance

        Gains across AI-focused exchange-traded funds (ETFs) this week reflected ongoing investor optimism for AI innovation and infrastructure buildup. The VanEck Semiconductor ETF (NASDAQ:SMH) led the pack with a 1.74 percent increase, followed by the Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ), which gained 0.85 percent, and the iShares Semiconductor ETF (NASDAQ:SOXX), which advanced by 0.82 percent.

        Other market news

                      Tech news to watch next week

                      • TikTok deal developments: Watch for updates on ongoing TikTok negotiations, as regulatory and geopolitical scrutiny persists. Any breakthroughs or setbacks could have significant implications for global tech and social media landscapes.
                        • Fermi America IPO: Fermi America, the data center developer founded by former Energy Secretary Rick Perry, prepares for a Nasdaq IPO targeting a valuation near US$13 billion on October 1. The outcome and investor reception to this IPO will serve as a bellwether for the AI infrastructure sector and data center buildout investment appetite.

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

                        This post appeared first on investingnews.com

                        (TheNewswire)

                        GRANDE PRAIRIE, ALBERTA (September 26, 2025) TheNewswire – Angkor Resources Corp. (TSXV: ANK,OTC:ANKOF) (‘ANGKOR’ OR ‘THE COMPANY’) The Board of Directors, in recognition of exceptional performance and dedication, announces that they has chosen to   grant a total of 4,775,000 stock options to acquire the same number of common shares of the Company to Directors, Officers and consultants at a price of $0.255 per share, Certain options issued to Consultants are subject to vesting requirements. The options were granted pursuant to the Company’s Stock Option Plan as approved by the Shareholders at the meeting in 2025 and are subject to the terms of the applicable grant agreements and the requirements of the TSX Venture Exchange. 2,600,000 of the options issued to Directors and officers expire 3 years from the date of the grant, with the remaining 2,175,000 options having a term of either 2 or 1 years subject to the optionees continuing to act as consultants of the Company.

                        Options are issued in accordance with the policies of the Company and are subject to approval of the TSX-V Exchange.

                        The Company also announces it has contracted King Tide Media LLC  to assist in an awareness campaign.  The agreement is for a one-month period for US $35,000, commencing on September 22, 2025.  King Tide, services includes digital marketing and content creation. The Company and King Tide maintain an arm’s-length relationship, and no securities will be issued as compensation for marketing services.

                        ABOUT Angkor Resources CORPORATION:

                        Angkor Resources Corp. is a public company, listed on the TSX-Venture Exchange, and is a leading resource optimizer in Cambodia working towards mineral and energy solutions across Canada and Cambodia.  The company’s mineral subsidiary, Angkor Gold Corp. in Cambodia holds two mineral exploration licenses in Cambodia and its Cambodian energy subsidiary, EnerCam Resources, is actively exploring Cambodia’s onshore Block VIII of 4200 square kilometers in the southwest quadrant of Cambodia.   Since 2022, Angkor’s Canadian subsidiary, EnerCam Exploration Ltd., has been involved in gas/carbon capture and oil and gas production in Saskatchewan, Canada.

                        CONTACT: Delayne Weeks – CEO

                        Email: info@angkorresources.com Website: angkor resources.com Telephone: +1 (780) 831-8722

                        Please follow @AngkorResources on , , , Instagram and .

                        Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

                        Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company, including, but not limited to the potential for gold and/or other minerals at any of the Company’s properties, the prospective nature of any claims comprising the Company’s property interests, the impact of general economic conditions, industry conditions, dependence upon regulatory approvals, uncertainty of sample results, timing and results o f future exploration, and the availability of financing.  Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.

                        Copyright (c) 2025 TheNewswire – All rights reserved.

                        News Provided by TheNewsWire via QuoteMedia

                        This post appeared first on investingnews.com

                        SEATTLE — Amazon has reached a historic $2.5 billion settlement with the Federal Trade Commission, which said the online retail giant tricked customers into signing up for its Prime memberships and made it difficult for them to cancel after doing so.

                        The Seattle company will pay $1 billion in civil penalties — the largest fine in FTC history, and $1.5 billion will be paid to consumers who were unintentionally enrolled in Prime, or were deterred from canceling their subscriptions, the agency said Thursday. Eligible Prime customers include those who may have signed up for a membership via the company’s “Single Page Checkout” between June 23, 2019 to June 23, 2025.

                        The Federal Trade Commission sued Amazon in U.S. District Court in Seattle two years ago alleging more than a decade of legal violations. That included a violation of the Restore Online Shoppers’ Confidence Act, a 2010 law designed to ensure that people know what they’re being charged for online.

                        Amazon admitted no wrong-doing in the settlement. It did not immediately respond to requests by The Associated Press for comment Thursday.

                        Amazon Prime provides subscribers with perks that include faster shipping, video streaming and discounts at Whole Foods for a fee of $139 annually, or $14.99 a month.

                        It’s a key and growing part of Amazon’s business, with more than 200 million members. In its latest financial report, the company reported in July that it booked more than $12 billion in net revenue for subscription services, a 12% increase from the same period last year. That figure includes annual and monthly fees associated with Prime memberships, as well as other subscription services such as its music and e-books platforms.

                        The company has said that it clearly explains Prime’s terms before charging customers, and that it offers simple ways to cancel membership, including by phone, online and by online chat.

                        “Occasional customer frustrations and mistakes are inevitable — especially for a program as popular as Amazon Prime,” Amazon said in a trial brief filed last month.

                        But the FTC said Amazon deliberately made it difficult for customers to purchase an item without also subscribing to Prime. In some cases, consumers were presented with a button to complete their transactions — which did not clearly state it would also enroll them in Prime, the agency said.

                        Getting out of a subscription was often too complicated, and Amazon leadership slowed or rejected changes that would have made canceling easier, according to an FTC complaint.

                        Internally, Amazon called the process “Iliad,” a reference to the ancient Greek poem about the lengthy siege of Troy during the Trojan war. The process requires the customer to affirm on three pages their desire to cancel membership.

                        The FTC began looking into Amazon’s Prime subscription practices in 2021 during the first Trump administration, but the lawsuit was filed in 2023 under former FTC Chair Lina Khan, an antitrust expert who had been appointed by Biden.

                        The agency filed the case months before it submitted an antitrust lawsuit against the retail and technology company, accusing it of having monopolistic control over online markets.

                        This post appeared first on NBC NEWS

                        Former FBI Director James Comey was indicted by a grand jury on alleged false statement and obstruction of justice charges, Fox News Digital has learned.

                        Fox News Digital exclusively reported in July that Comey was under criminal investigation by the FBI. The probe into Comey centered on whether he lied to Congress during his Sept. 30, 2020, testimony about his handling of the original Trump–Russia probe at the FBI, known inside the bureau as ‘Crossfire Hurricane.’

                        Fox News Digital also exclusively reported that former CIA Director John Brennan is under criminal investigation related to the Trump–Russia probe. 

                        Under federal law, prosecutors have five years to bring a charge, with the five-year mark occurring Tuesday.

                        The case is being handled by the U.S. Attorney’s Office for the Eastern District of Virginia.

                        Former Special Counsel Robert Mueller was appointed to take over the FBI’s original ‘Crossfire Hurricane’ investigation. After nearly two years, Mueller’s investigation, which concluded in March 2019, yielded no evidence of criminal conspiracy or coordination between the Trump campaign and Russian officials during the 2016 presidential election.

                        Shortly after, John Durham was appointed as special counsel to investigate the origins of the ‘Crossfire Hurricane’ probe.

                        Durham found that the FBI ‘failed to act’ on a ‘clear warning sign’ that the bureau was the ‘target’ of a Clinton-led effort to ‘manipulate or influence the law enforcement process for political purposes’ ahead of the 2016 presidential election.

                        ‘The aforementioned facts reflect a rather startling and inexplicable failure to adequately consider and incorporate the Clinton Plan intelligence into the FBI’s investigative decision-making in the Crossfire Hurricane investigation,’ Durham’s report states.

                        ‘Indeed, had the FBI opened the Crossfire Hurricane investigation as an assessment and, in turn, gathered and analyzed data in concert with the information from the Clinton Plan intelligence, it is likely that the information received would have been examined, at a minimum, with a more critical eye,’ the report continued.

                        Durham, in his report, said the FBI ‘failed to act on what should have been—when combined with other incontrovertible facts— a clear warning sign that the FBI might then be the target of an effort to manipulate or influence the law enforcement process for political purposes during the 2016 presidential election.’

                        Fox News’ David Spunt contributed to this report. 

                        This post appeared first on FOX NEWS

                        Federal prosecutors preparing to seek an indictment against former FBI Director James Comey for allegedly lying to Congress have just days left before the statute of limitations expires — one of several hurdles the Justice Department faces in pursuing its case against Comey.

                        The case against Comey, at least for now, centers on the remarks he made during his testimony before the Senate Intelligence Committee in a Sept. 30, 2020, hearing focused on the origins of the so-called ‘Crossfire Hurricane’ probe. 

                        This could be tricky for two reasons. First, prosecutors have little time to make their case for perjury, which appears to be the basis of the probe.

                        That charge carries a five-year statute of limitations — giving prosecutors until Tuesday to impanel a federal grand jury, present their case and secure an indictment from at least 12 jurors before the deadline expires.

                        The second is there could be internal resistance from career federal prosecutors, who may refuse to present the case. 

                        ABC News reported Wednesday that a group of prosecutors gave acting U.S. Attorney Lindsey Halligan — a former defense lawyer for President Donald Trump who was installed last week as acting head of the Eastern District of Virginia — a ‘detailed memo’ recommending she decline to bring perjury and obstruction charges against Comey.

                        They noted that a months-long investigation into Comey’s remarks, launched earlier this year, failed to establish probable cause for a crime.

                        They also reportedly reminded Halligan that DOJ guidelines generally bar prosecutors from filing charges unless they can show the individual is ‘more likely than not to be found guilty beyond a reasonable doubt by an unbiased trier of fact and that the conviction will be upheld on appeal.’

                        Halligan, however, is free to override their concerns — despite any internal pushback the decision might cause.

                        Beyond that, prosecutors must also establish probable cause for perjury charges.

                        Perjury is a ‘very difficult crime for DOJ to prove,’ John Fishwick, the former U.S. attorney for the Western District of Virginia, told Fox News Digital.

                        That’s largely because prosecutors must not only prove the statement was false, but also that the defendant knew it was false at the time, Fishwick said. ‘Because of the difficulty of proof, it is not often pursued.’

                        The probe into Comey, for now, focuses on his testimony before the Senate Judiciary Committee during a Sept. 30, 2020, hearing on the FBI’s handling of the so-called ‘Crossfire Hurricane’ probe, which examined Trump-Russia allegations.

                        That investigation found no coordination and has itself been reviewed twice by the Justice Department.

                        During the 2020 hearing, Comey was asked by Sen. Lindsey Graham, R-S.C., if he could recall a September 2016 referral to the FBI about Hillary Clinton’s ‘approval of a plan’ involving ‘[Trump] and Russian hackers hampering U.S. elections as a means of distracting the public from her use of a private email server.’

                        Comey’s response — ‘that doesn’t ring any bells with me’ — was pilloried by Republicans, including Graham, who called the answer ‘stunning.’

                        Comey later said it was because the FBI, at the time, had already been looking into the matter for months (an assertion later backed by Special Counsel John Durham, who was tapped by then-U.S. Attorney General Bill Barr to investigate the origins of the Crossfire Hurricane probe).

                        News of the probe comes days after Erik Siebert was forced to resign from his role as the U.S. attorney for the Eastern District of Virginia, prompting Trump to install Halligan in his place.

                        Trump also took to Truth Social to urge Attorney General Pam Bondi to investigate Comey. ‘JUSTICE MUST BE SERVED,’ he said. 

                        The looming indictment, which could come as early as Thursday, is the latest chapter in the years-long dispute between Trump and Comey, whom Trump fired in 2017, about five years into his 10-year term.

                        Comey, for his part, accused Trump shortly after leaving the FBI of demanding a ‘loyalty pledge’ from him, which he said he refused. 

                        He has remained an outspoken Trump critic and used a portion of his memoir, ‘A Higher Loyalty,’ to take aim at the former president.

                        Trump has continued to assail Comey and scrutinize his tenure at the FBI.

                        Fox News reported earlier this year that the FBI launched criminal investigations into Comey and former CIA Director John Brennan for allegedly making false statements to Congress.

                        This post appeared first on FOX NEWS

                        As President Donald Trump’s new peace plan circulates at the United Nations, Israel launched long-range strikes deep inside Yemen, hitting targets more than 2,000 kilometers from home and underscoring how volatile the Middle East remains even as diplomacy plays out in New York.

                        Trump unveiled a 21-point initiative to end the Gaza war during meetings with Arab leaders on the sidelines of the United Nations General Assembly this week. 

                        A White House official, speaking on background, told Fox News Digital, ‘The President underscored his desire to bring fighting in Gaza to an expeditious close. Special envoy Witkoff summarized the U.S. plan for Gaza, including the return of all hostages living and deceased, no further attacks on Qatar, a new dialogue between Israel and Palestinians for peaceful coexistence and more.

                        ‘Foreign partners expressed broad agreement that President Trump was the only one who could end the fighting in Gaza and expressed the hope that they could work together with Special Envoy Witkoff to consider the President’s plan as Americans continue to engage with Israeli officials,’ the White House official added. 

                        Arab officials told Fox News Digital that, during the meeting, leaders pressed Trump to confirm he would block Israeli annexation of the West Bank, describing the discussion as ‘productive.’

                        Speaking at the Concordia Annual Summit in New York, U.S. special envoy for the Middle East Steve Witkoff also described a ‘very productive’ meeting Tuesday between Trump and officials from Saudi Arabia, the United Arab Emirates, Qatar, Egypt, Jordan, Turkey, Indonesia and Pakistan.

                        ‘We presented what we call the Trump 21-point plan for peace in the Middle East,’ Witkoff said. ‘I think it addresses Israeli concerns as well as concerns of neighbors in the region.’

                        Palestinian Authority President Mahmoud Abbas, speaking in a recorded UNGA address after being barred from entry to the U.S., also signaled support. 

                        ‘We declare that we are ready to work with U.S. President Donald Trump and with the Kingdom of Saudi Arabia and France, the United Nations and all partners to implement the peace plan that was approved in the conference that was held on the 22nd of September, in a way that would lead towards a just peace and regional cooperation,’ Abbas said.

                        Abbas added that the PA is prepared to take over security and governance in Gaza, while Hamas must disarm. 

                        ‘The dawn of freedom will emerge, and the flag of Palestine will fly high in our skies as a symbol of dignity, steadfastness and being free from the yoke of occupation,’ he said. ‘Palestine is ours. Jerusalem is the jewel of our hearts and our eternal capital. We will not leave our homeland. We will not leave our lands.’

                        Israeli Prime Minister Benjamin Netanyahu, before departing for New York, where he is scheduled to address the UNGA Friday, said without directly commenting on the 21-point proposal, ‘In Washington, I will meet for the fourth time with President Trump, and I will discuss with him the great opportunities our victories have brought, as well as our need to complete the war’s objectives: to return all of our hostages, to defeat Hamas and to expand the circle of peace that has come our way following the historic victory.’

                        Even as Trump pushed diplomacy in New York, Israel expanded its campaign against Iran-backed militias. The IDF confirmed Thursday it carried out a wide wave of airstrikes against Houthi targets in Sana’a, Yemen, less than 24 hours after a Houthi drone slammed into a hotel in Eilat, wounding 24 people, two of them seriously.

                        Saudi and Israeli media reported more than 10 strikes during the Houthis’ weekly address, targeting command centers, intelligence headquarters and military compounds. Israeli officials estimate over 50 militants were killed. The IDF said the operation involved dozens of aircraft and long-range refueling, marking Israel’s 15th strike in Yemen since the war began.

                        Defense Minister Israel Katz said the raids, carried out under the code name Package Delivered, dealt a heavy blow. 

                        ‘We struck numerous terror targets of the Houthi regime in Sana’a, eliminating dozens of operatives and destroying stockpiles of drones and weapons,’ Katz declared. ‘As I promised yesterday — those who harm us will be harmed sevenfold.’

                        This post appeared first on FOX NEWS

                        Former FBI Director James Comey was indicted by a grand jury on two counts, alleged false statements within jurisdiction of the legislative branch and obstruction of congressional proceeding, Fox News Digital has learned.

                        Fox News Digital exclusively reported in July that Comey was under criminal investigation by the FBI. The probe into Comey centered on whether he lied to Congress during his Sept. 30, 2020, testimony about his handling of the original Trump–Russia probe at the FBI, known inside the bureau as ‘Crossfire Hurricane.’

                        ‘No one is above the law,’ Attorney General Pam Bondi said on X. ‘Today’s indictment reflects this Department of Justice’s commitment to holding those who abuse positions of power accountable for misleading the American people. We will follow the facts in this case.’

                        FBI Director Kash Patel took to X to say, ‘Today, your FBI took another step in its promise of full accountability.’

                        ‘For far too long, previous corrupt leadership and their enablers weaponized federal law enforcement, damaging once proud institutions and severely eroding public trust,’ Patel wrote. ‘Every day, we continue the fight to earn that trust back, and under my leadership, this FBI will confront the problem head-on. Nowhere was this politicization of law enforcement more blatant than during the Russiagate hoax, a disgraceful chapter in history we continue to investigate and expose.

                        ‘Everyone, especially those in positions of power, will be held to account – no matter their perch.’

                        The indictment alleges that Comey obstructed a congressional investigation into the disclosure of sensitive information in violation of 18 USC 1505.

                        The indictment also alleges Comey made a false statement when he stated he did not authorize someone at the FBI to be an anonymous source. According to the indictment, that statement was false. 

                        Fox News Digital also exclusively reported that former CIA Director John Brennan is under criminal investigation related to the Trump–Russia probe. 

                        Under federal law, prosecutors have five years to bring a charge, with the five-year mark occurring Tuesday.

                        The case is being handled by the U.S. Attorney’s Office for the Eastern District of Virginia.

                        ‘JUSTICE IN AMERICA!’ President Trump posted to his Truth Social account. ‘One of the worst human beings this Country has ever been exposed to is James Comey, the former Corrupt Head of the FBI. Today he was indicted by a Grand Jury on two felony counts for various illegal and unlawful acts.

                        ‘He has been so bad for our Country, for so long, and is now at the beginning of being held responsible for his crimes against our Nation. MAKE AMERICA GREAT AGAIN!’ 

                        The FBI opened its Trump-Russia probe in July 2016, known inside the bureau as ‘Crossfire Hurricane.’ 

                        President Trump, during his first term, fired Comey in May 2017. 

                        Days later, Robert Mueller was appointed special counsel to take over the FBI’s original ‘Crossfire Hurricane’ investigation.

                        After nearly two years, former Special Counsel Robert Mueller’s investigation, which concluded in March 2019, yielded no evidence of criminal conspiracy or coordination between the Trump campaign and Russian officials during the 2016 presidential election.

                        Shortly after, John Durham was appointed as special counsel to investigate the origins of the ‘Crossfire Hurricane’ probe.

                        Durham found that the FBI ‘failed to act’ on a ‘clear warning sign’ that the bureau was the ‘target’ of a Clinton-led effort to ‘manipulate or influence the law enforcement process for political purposes’ ahead of the 2016 presidential election.

                        ‘The aforementioned facts reflect a rather startling and inexplicable failure to adequately consider and incorporate the Clinton Plan intelligence into the FBI’s investigative decision-making in the Crossfire Hurricane investigation,’ Durham’s report states.

                        ‘Indeed, had the FBI opened the Crossfire Hurricane investigation as an assessment and, in turn, gathered and analyzed data in concert with the information from the Clinton Plan intelligence, it is likely that the information received would have been examined, at a minimum, with a more critical eye,’ the report continued.

                        Durham, in his report, said the FBI ‘failed to act on what should have been — when combined with other incontrovertible facts — a clear warning sign that the FBI might then be the target of an effort to manipulate or influence the law enforcement process for political purposes during the 2016 presidential election.’

                        Fox News’ David Spunt contributed to this report. 

                        This post appeared first on FOX NEWS

                        A senior House Republican is arguing that sanctioning Russia would be key to neutralizing one of the biggest challenges facing Ukraine as it fights for its sovereignty. 

                        The push by Rep. Mike Turner, R-Ohio, the former chairman of the House Intelligence Committee, comes as Congress wrestles with legislation that would expand sanctions and slap tariffs on countries buying Russian energy. Supporters say the measures are overdue to undermine Russia’s war economy, while skeptics warn they could strain U.S. alliances and global markets.

                        ‘With the right support, Ukraine could be successful, and Russia’s aggression could be defeated,’ Turner, who recently returned from a bipartisan trip to Ukraine, told a small group of reporters Thursday. 

                        ‘In the presentations that I received, there is no question that the most significant challenge in this conflict is Russia’s ability to continue its industrial production.’

                        He added that military and other assistance that Russia is getting from China, Iran and North Korea is also keeping Moscow afloat.

                        ‘We have to impact their ability for production. It is not just their ability currently for production, but is even the projections in the future,’ Turner said. ‘Right now, their economic engine is fueling their war engine.’

                        Russia launched a full-scale invasion of Ukraine in February 2022. Russian President Vladimir Putin believed Kyiv would fall in a matter of days. However, that estimate has long since been shattered, and the two countries have since engaged in the bloodiest land war in Europe since World War II.

                        Moscow’s troops have since taken over parts of Donbas in eastern Ukraine and have held Ukraine’s Crimea territory since 2014.

                        President Donald Trump, who has met with leaders on both sides, gave Kyiv an enthusiastic vote of confidence earlier this week after speaking at the United Nations General Assembly.

                        ‘After getting to know and fully understand the Ukraine/Russia Military and Economic situation and, after seeing the Economic trouble it is causing Russia, I think Ukraine, with the support of the European Union, is in a position to fight and WIN all of Ukraine back in its original form,’ he posted on Truth Social.

                        ‘With time, patience, and the financial support of Europe and, in particular, NATO, the original Borders from where this War started, is very much an option. Why not? Russia has been fighting aimlessly for three and a half years a War that should have taken a Real Military Power less than a week to win.’

                        Asked at one point about the Ukrainians’ assessment of Russia’s offensive this past summer, Turner said the front lines moved very little.

                        ‘The Russian casualties, daily, are enormous. And that is sobering. The production of weapons by Russia is the only difference that’s allowing this aggression to continue,’ he said. ‘The economics of Russia to continue to be able to sell oil and energy is floating their ability to continue this aggression against Ukraine.’

                        China was the largest global customer of Russia’s fossil fuels as of August 2025, followed by India and Turkey, according to the Centre For Research on Energy and Clean Air.

                        And while much of Europe has sharply cut its reliance on Russian energy, it does still rely on Moscow for some supplies, according to the New York Times.

                        The U.S. has already levied a wide array of sanctions on Russian entities, imports and individuals since the war began. 

                        But legislation being led by Sen. Lindsey Graham, R-S.C., and Rep. Brian Fitzpatrick, R-Pa., would go further, giving Trump wide discretion to levy more sanctions and heavy tariffs on countries that import Russian energy, among other measures.

                        Speaker Mike Johnson, R-La., said in a recent interview on CBS News’ ‘Face The Nation’ that he was supportive of sanctioning Russia, though he did not endorse the bill specifically.

                        ‘I think appropriate sanctions on Russia are far overdue. I mean, I think there’s a big appetite for that in Congress, so we’re willing to work with the White House and our Senate colleagues in the House to get that done,’ he said.

                        When asked by Fox News Digital if he believed Congress could act without Trump’s green light, however, Turner said, ‘I don’t think the president has indicated that there’s a red light on moving forward with sanctions.’

                        Fox News Digital reached out to the White House for the president’s thoughts but did not hear back by press time.

                        This post appeared first on FOX NEWS

                        President Donald Trump, while signing executive orders in the Oval Office Thursday, went off-script to criticize Rep. Jasmine Crockett, D-Texas, calling her ‘a very low IQ person’ and questioning her role in Congress.

                        ‘Recently, Jasmine Crockett. Yes, yes, I remember what I said. Is she any relation to the late, great Davy Crockett? I don’t think so,’ Trump told assembled reporters. 

                        ‘Let me tell you before you even ask. She’s a very low IQ person. I mean, if we ever had to pass an aptitude test, that’s the one [who] should take one. … This is a low IQ person who I can’t even believe is a congressperson,’ he said.

                        ‘Between her and Ilhan Omar [D-Minn.]… and, you know, I met the head of Somalia. Did you know that? And I suggested that maybe he’d like to take her back. And he said, ‘I don’t want her,’’ Trump said.

                        The president’s comments came as he addressed reporters during a proclamation and executive order signing, where his remarks shifted from the day’s policy agenda to sharp critiques of Democrat lawmakers.

                        Trump grouped Crockett with Omar, reviving criticism he has often directed at members of the so-called progressive ‘Squad.’

                        His anecdote about suggesting to Somalia’s leader that Omar, who was born in Mogadishu, be ‘taken back’ drew laughter from some in the room.

                        Crockett, a freshman Democrat from Texas, has quickly gained visibility for her combative style during House hearings and for her clashes with Republicans. 

                        Omar, meanwhile, has long been a target of Trump’s criticism over her pro-Palestinian views and outspoken progressive agenda.

                        This post appeared first on FOX NEWS

                        United Nations Ambassador Mike Waltz on Thursday called mishaps during President Donald Trump’s U.N. speech ‘unacceptable’ and vowed to withhold U.S. funding until sweeping reforms are made.

                        Waltz appeared on FOX Business’ ‘Kudlow’ when host Larry Kudlow asked him about the incidents that appeared as if the U.N. was trying to sabotage the president.

                        Kudlow noted that the escalator malfunctioned as Trump and first lady Melania Trump arrived, the teleprompter later failed, and finally the auditorium sound cut out.

                        Waltz added that the broadcast audio abruptly switched to Portuguese during Trump’s speech before returning to English.

                        ‘The whole thing is unacceptable. The whole thing stinks,’ Waltz said. ‘There’s 150 world leaders there and this only happens to him, not once, not twice, but three times.’

                        He said the incidents are under investigation by the Secret Service and noted the Secretary General has pledged full cooperation.

                        ‘As the ambassador, I said, you’ve got to open your doors, and some people were kind of shoulder shrugging at this,’ Waltz said. ‘This could have been incredibly serious. It’s insulting, and it’s right here on American soil.’

                        Waltz then turned to reform, criticizing the U.N.’s bloated bureaucracy and noting that seven agencies focus on climate issues alone. He argued the organization needs to be ‘cut up’ and reformed before U.S. taxpayer money flows again.

                        He confirmed the U.S. has withheld its U.N. contribution this year.

                        ‘We’ve withheld this year,’ Waltz said. ‘We haven’t paid any and my first meeting with the Secretary General was, here are the reforms that we need to see before you start talking about taxpayer dollars.’

                        Waltz invoked Sen. Jesse Helms’ 1999 push to clean up the U.N. before releasing U.S. dollars, saying transparency and accountability remain essential.

                        ‘We have every obligation to make sure it’s transparent,’ he said.

                        This post appeared first on FOX NEWS