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The Trump administration is speeding up its efforts to address a nationwide shortage of Air Traffic Controllers. 

Earlier this year, Transportation Secretary Sean Duffy announced a push to hire 2,000 new controllers by the end of the year. 

Inside the Federal Aviation Administration’s Oklahoma City training site, there is cutting-edge simulation technology that gives trainees a real feel for working in the tower. 

According to the FAA, that technology cuts weeks off the time required for certification. Now, federal aviation officials say they’re on track to reach the goal of 2,000 new controllers by mid-September. 

‘Keying up, telling an aircraft to do something is not something that just comes natural to people…It’s learning that phraseology,’ explained Chris Wilbanks, the FAA’s Vice President of Mission Support. ‘It’s making sure that the pilot completely understands the instruction that you just gave him.’ 

Each trainee starts with a 30-day basics course, followed by six to eight weeks of specialized training in both tower and radar operations. 

You impact people’s lives,’ said Wilbanks. ‘They get on an airplane; they make it to their destination safely. They don’t know who got them there, but it’s you.’ 

The push for more air traffic controllers comes as staffing shortages caused delays earlier this year at busy airports such as Newark, New Jersey. 

‘We just put a brand-new simulation in Newark … We do have our problem spots out there. We keep our eyes on it every day,’ Wilbanks said. 

To help meet the demand, Transportation Secretary Duffy launched the Supercharge Initiative earlier this year. Part of that $12.5 billion boost to FAA infrastructure includes $100 million for training. 

July alone has seen the highest number of academy students in training in FAA’s history, with 550 students expected by the end of the month. 

The FAA reports it has shaved more than five months off the administrative process. Students who scored in the top percentile are now being placed into the academy more quickly. 

‘It’s going to take time to address the nationwide controller shortage, but I’m pleased to see our supercharge initiative is taking off. With our new streamlined hiring process, the best and the brightest candidates are starting their careers in air traffic control faster,’ said U.S. Transportation Secretary Sean P. Duffy in a newsletter sent to FOX early Friday. ‘We’ll continue to leverage opportunities big and small to keep chipping away at the shortage to keep our skies safe.’

This post appeared first on FOX NEWS

After more than two decades of serving in the U.S. Navy and building government systems, I have witnessed firsthand how millions of dedicated Americans work every day in service of their fellow citizens and the security of our democracy. I have also seen both the immense potential — and frustrating inertia — that plagues public service. An unrealized opportunity exists to connect the U.S. government’s critical missions with the transformative power of commercial technology. 

Consider this: of the world’s 10 largest companies by market capitalization, a staggering eight are American founded. This is no accident; it is a direct result of our nation’s unparalleled entrepreneurial spirit. The critical question, however, is whether our own government is prepared to harness this strategic asset.  

Instead of tapping this engine of innovation, the U.S. government is held captive by its outdated processes. Entrenched legacy vendors have dug their claws in, and this has led to a general resistance to change. As the saying goes, ‘it takes a while to turn a big ship around.’  

That rings true with actual warships and aircraft carriers, but it also applies to how government agencies resist adopting new tools that improve collaboration, efficiency and security. Instead, the U.S. government and its outdated procurement processes cling to existing technology platforms, such as Microsoft’s suite of products that have been compromised time and again by China, which also happens to be one of the company’s most significant business partners. 

Breaking the shackles of ‘vendor lock-in’ — where the government becomes overly reliant on specific vendors even if they underperform — is crucial for fostering a new era of innovation that benefits America. When a company or product fails to perform well in the commercial sector, it’s terminated immediately.  

In the public sector, the company is usually allowed to see out their multi-year contracts and when it’s finally time to negotiate a renewal, all is forgotten. A more competitive public sector landscape, welcoming innovators and startups, can provide fresh perspectives, specialized solutions, and the speed to address rapidly evolving challenges. 

This is not a unique approach. Other nations are adopting this model, attempting to gain an edge over America. For example, China launched a program in 2023, with 39 partners, including Alibaba Cloud and Baidu, to advance computing power and AI.  

Russia subsidizes companies implementing digital transformation; and Iran, despite sanctions, is investing significantly in AI research and building a sovereign AI ecosystem. Our adversaries recognize that commercial tools drive rapid progress and are actively breaking down barriers to catch up to American AI leadership. 

There are understandable reasons for hesitancy. For years, Silicon Valley has been closely associated with the ‘move fast and break things’ mantra, while the U.S. government has looked on with both envy (of the speed and efficiency) and concern (over potential impacts to its services). However, learning from the commercial mindset of agility and a relentless drive for improvement will help it to serve the American public better. The benefits? Reduced waste, greater efficiency and better taxpayer value.  

Nowhere is this approach more critical than in national security. The threats America faces are constantly evolving and leveraging emerging technology to do so. Maintaining our edge requires more than just incremental improvements; it demands continuous access to cutting-edge capabilities.  

Leveraging the R&D engines of American commercial innovation — in areas like AI, cybersecurity, data analytics and resilient infrastructure — is not just advantageous; it’s essential. If Washington fails to leverage this homegrown ingenuity, it does so at our national peril, especially as our adversaries work tirelessly to do just that. 

Other nations are adopting this model, attempting to gain an edge over America. For example, China launched a program in 2023, with 39 partners, including Alibaba Cloud and Baidu, to advance computing power and AI. 

Government agencies tasked with everything from defending the nation to delivering health services need to have immediate access to the latest advancements in AI and data analytics, and they can only do so by leveraging powerful commercial tools with a platform for continuous improvement — an asset for national security and public service. 

AI could be used to accelerate some of the government’s most notorious backlogs, such as the millions of immigration court cases, the accumulation in environmental reviews for energy projects, and pileups in programs like Social Security or Veterans Affairs healthcare. AI can analyze data at lightning speed, helping federal agencies and their partners deliver on mission-critical work at an accelerated pace.  

The urgent need for a more agile, efficient, innovative and secure government is too significant to ignore. This is a pivotal moment. By embracing the discipline, accountability, and innovative spirit of the commercial sector, the U.S. government can unlock new levels of performance and effectiveness. Change is hard. But as adversaries gain on America — or worse, overtake us — change is mandatory.  

This post appeared first on FOX NEWS

In his 26th week back in the Oval Office, President Donald Trump is expected to make a ‘major announcement’ related to Russia, hold a meeting with the NATO chief, and join a summit in Pennsylvania as America’s race to lead the world on artificial intelligence continues. 

July 13 marks the one-year anniversary of the first assassination attempt on Trump during the 2024 presidential cycle. Trump spent the anniversary at his home in Bedminster, N.J., before traveling with first lady Melania Trump to the FIFA Club World Cup final on Sunday at MetLife Stadium in the Garden State. 

Trump returned to the White House on Sunday evening and is expected to have another whirlwind workweek. 

MEETING WITH NATO CHIEF

Trump will meet with NATO Secretary General Mark Rutte this week following the U.S. president saying last week that the U.S. is selling weapons to its NATO allies for them to be passed along to Ukraine as it continues battling Russia. 

The NATO chief will be in Washington, D.C., on Monday and Tuesday, and will meet with Trump, Secretary of Defense Pete Hegseth and Secretary of State Marco Rubio, according to The Associated Press. Additional details on the meetings, however, have not yet been publicly released. 

Republican South Carolina Sen. Lindsey Graham said on CBS’ ‘Face the Nation’ on Sunday that Ukraine can expect to see an influx of weapons. Russia first invaded Ukraine in February of 2022. 

‘In the coming days, you’ll see weapons flowing at a record level to help Ukraine defend themselves,’ Graham said on CBS’ ‘Face the Nation. 

‘One of the biggest miscalculations Putin has made is to play Trump. And you just watch, in the coming days and weeks, there’s going to be a massive effort to get Putin to the table.’

Trump and Rutte most recently met in the Netherlands in June for a summit, where the NATO chief showed the makings of a blossoming friendship with Trump, including referring to Trump as ‘daddy’ for his handling of the Middle East. 

‘MAJOR’ RUSSIA ANNOUNCEMENT 

Trump teased last week that he would make a ‘major statement’ on Russia in the coming days as the NATO meetings prepare to kick off this week. 

‘I’m disappointed in Russia, but we’ll see what happens over the next couple of weeks,’ Trump told NBC last week. 

‘I think I’ll have a major statement to make on Russia on Monday,’ he added, without elaborating. 

Graham said in his interview on ‘Face the Nation’ on Sunday that ‘a turning point regarding [the Russian] invasion of Ukraine is coming,’ as Congress works to impose new economic sanctions on Russia to help end the war. 

‘For months, President Trump has tried to entice [Russian President Vladimir] Putin to the peace table. He’s put tariffs against countries that allow fentanyl to come in our country, other bad behavior — he’s left the door open regarding Russia. That door is about to close,’ Graham said on Sunday. 

TRUMP HEADS TO ENERGY AND AI SUMMIT

Trump will head to Pittsburgh on Tuesday for Pennsylvania Republican Sen. Dave McCormick’s inaugural Energy and Innovation Summit hosted at Carnegie Mellon University. 

The event is slated to focus on the U.S. power grid, America bid to win the AI race against China, as well as promoting the Keystone State as an ideal resource to help power the country’s future with AI and energy. 

‘The United States needs to win the artificial intelligence fight. We have to stop China, and we have to win this war for dominance in AI. And the way you win the war for dominance in AI is to win the war for energy dominance. That’s why our focus is on producing more here in the United States,’ said Mike Sommers, CEO and president of the American Petroleum Institute who will attend the summit, told Fox News Business of the event. 

‘Over the course of the last few years, energy demand has only gone up by about 2.5% a year. In the next seven years, we expect that energy demand is going to go up by 25%. The question that policymakers have to answer is: ‘Where is that energy going to come from?’ We think it should come from the United States,’ Sommers added. 

The event is expected to attract protesters, with Carnegie Mellon’s president calling on the school community to continue its history of ‘constructively engaging’ with presidencies across the ‘political spectrum.’

‘We have a history of constructively engaging with the federal government and administrations across the political spectrum. We view these opportunities as consequential to elevating and advancing both Carnegie Mellon’s mission and impact, and we bring to those moments the full measure of our expertise, our values and our voice in service to the nation,’ school president Farnam Jahanian said in a letter previewing the event on Sunday. 

Fox News Digital’s Amanda Macias contributed to this report. 

This post appeared first on FOX NEWS

Lobo Tiggre, CEO of IndependentSpeculator.com, discusses the recent news that the US plans to put a 50 percent tariff on copper imports.

He also weighs in on gold, silver and platinum price drivers, as well as uranium stocks.

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

This post appeared first on investingnews.com

The US Department of Defense (DoD) will become the largest shareholder in MP Materials (NYSE:MP) after agreeing to purchase US$400 million worth of preferred stock in the company.

MP Materials is known for owning and operating the only US rare earths mine.

The rare earths producer said the proceeds from the investment will fund the expansion of its processing capabilities at the Mountain Pass mine in California and support the construction of a second magnet manufacturing facility in the US.

The materials mined and processed by MP Materials are critical to the production of permanent magnets used in military systems, including the F-35 fighter jet, drones, and submarines.

The US has depended heavily on foreign imports for these materials — primarily from China, which accounted for about 70 percent of rare earth imports in 2023, according to the US Geological Survey.

In a press release issued on Thursday (July 10), MP Materials described the agreement as a ‘transformational public-private partnership.’ The company also said the deal will ‘dramatically accelerate the build-out of an end-to-end US rare earth magnet supply chain and reduce foreign dependency.’

The investment gives the Pentagon newly created preferred stock convertible into common shares, along with a 10-year warrant to buy additional stock at US$30.03 per share. If fully converted and exercised, the DoD would own 15 percent of MP Materials, based on current share counts as of Wednesday (July 9). That would exceed the 8.61 percent stake held by CEO James Litinsky and the 8.27 percent stake held by BlackRock Fund Advisors.

Litinsky emphasized that the deal does not equate to government control of the company. “This is not a nationalization,” he told CNBC. “We remain a thriving public company. We now have a great new partner in our economically largest shareholder, DoD, but we still control our company. We control our destiny. We’re shareholder driven.”

MP’s new magnet facility, called 10X, will increase the company’s magnet manufacturing capacity to 10,000 metric tons annually once it begins commissioning in 2028. The exact location of the facility has not yet been disclosed.

The Pentagon has committed to purchasing 100 percent of the magnets produced at the 10X facility for 10 years.

Additionally, the DoD will guarantee a minimum price of US$110 per kilogram for MP’s neodymium-praseodymium oxide, a key material for magnet production.

If market prices fall below that level, the Pentagon will pay the difference quarterly. In return, once the new facility is operational, the government will receive 30 percent of any upside above US$110 per kilogram.

To further support the buildout, MP Materials expects to receive a US$150 million loan from the Pentagon within 30 days to expand its heavy rare earth separation capabilities at Mountain Pass, the only active rare earth mine in the US.

It is also commissioning a magnetics facility in Texas, known as Independence, to bolster its downstream processing capabilities.

As the only domestic miner with vertically integrated capabilities and a clear path to rare earth magnet production at scale, MP Materials now sits at the center of the Biden-to-Trump era effort to bring critical minerals supply chains back to American soil.

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

This post appeared first on investingnews.com

Here’s a quick recap of the crypto landscape for Wednesday (July 9) as of 9:00 p.m. UTC.

Get the latest insights on Bitcoin, Ethereum and altcoins, along with a round-up of key cryptocurrency market news.

Bitcoin and Ethereum price update

Bitcoin’s (BTC) price peaked at US$111,744 as the market wrapped, a 2.7 percent increase in the last 24 hours. The day’s range for the cryptocurrency also brought a low of US$108,644.

Crypto analyst TradingShot believes Bitcoin may not experience another rally this cycle, despite projections exceeding US$160,000. This assessment is based on Bitcoin’s historical four year patterns.

According to TradingShot, Bitcoin has not broken out of its current upward channel to trigger the explosive rallies seen in 2017 and 2021. If the four year cycle holds, time is running out for such a breakout.

Ethereum (ETH) is priced at US$2,772.50, up by 6.3 percent over the past 24 hours. On Wednesday, the cryptocurrency hit a low of US$2,635.74 before rallying to finish the day at its peak, mirroring a broader market trend.

Altcoin price update

Bitcoin price performance, July 9, 2025.

Chart via TradingView.

  • Solana (SOL) was priced at US$157.12, up by 3.7 percent over 24 hours. Its lowest valuation as of Wednesday was US$153.45.
  • XRP was trading for US$2.42, up 4.5 percent in the past 24 hours. The cryptocurrency’s lowest valuation was US$2.36
  • Sui (SUI) was trading at US$3.05, up by 4.9 percent over the past 24 hours. Its lowest valuation was US$2.93.
  • Cardano (ADA) is priced at US$0.6217, up by 5.6 percent in the last 24 hours. Its lowest valuation as of Wednesday was US$0.6027

Today’s crypto news to know

US Senate committee gathers for hearing on digital assets

The US Senate Banking Committee held a hearing on Wednesday dubbed ‘From Wall Street to Web3’ to discuss proposed legislation regarding digital assets, including the Clarity Act.

Massachusetts Democrat Elizabeth Warren, a longtime crypto critic, said she is in favor of laws regulating digital assets that strengthen the financial system in the US, but criticized aspects of the Clarity Act that she said would allow non-crypto companies to “put their stocks on the blockchain,’ evading US Securities and Exchange Commission guidelines.

“That is a serious problem for our country,” she warned.

Ahead of the hearing, Warren sent a statement to analytical publication the Block, accusing Republicans of enabling “industry handouts” to crypto lobbyists. Other vocal critics of the bill include New York Attorney General Letitia James and the ranking member of the House Financial Services Committee Maxine Waters.

Both she and Warren have questioned the ethics of US President Donald Trump’s business ties to the industry. At the hearing, former chief White House ethics lawyer Richard Painter, who was invited to speak by Warren, said:

“We cannot have the people who are in charge of passing legislation and enforcing legislation, implementing legislation, have conflicts of interest with their official responsibilities. You should be divesting from crypto if you’re going to be regulating crypto.”

Lawmakers are now facing a September 30 deadline to define cryptocurrencies, address Trump’s crypto interests and finalize industry rules.

RLUSD gains traction via Transak integration and BNY Mellon custody

Transak, a Web3 onboarding infrastructure provider allowing users to buy and sell digital assets using traditional payment methods, officially integrated Ripple’s US-dollar pegged stablecoin, RLUSD.

The move expands the token’s reach to 8.3 million additional users across 64 countries.

“Transak has always strived to make finance truly accessible and that includes bringing on assets like RLUSD that balance blockchain ethos with compliance requirements,” said Sami Start, CEO and co-founder of Transak.

“With this integration, users gain access to one of the most thoughtfully designed stablecoins in the market, now available through a seamless and trusted fiat-to-crypto experience.”

The news was announced the same day Ripple chose Bank of New York Mellon to custody its USD reserves. This move by a traditional financial giant lends significant institutional credibility to Ripple’s stablecoin, which was built as an enterprise-grade stablecoin to improve the efficiency of cross-border transactions.

“As primary custodian for RLUSD, we’re proud to support the growth of digital assets by providing a differentiated platform, designed to meet the evolving needs of institutions in the digital assets ecosystem,” said Emily Portney, global head of asset servicing at Bank of New York Mellon.

South Korea to reclassify crypto businesses as venture companies

South Korea’s Ministry of SMEs and Startups announced Wednesday that it will lift current restrictions preventing crypto-related businesses from qualifying as venture companies. Firms in the virtual asset sector are currently restricted in their eligibility for various tax breaks and financial support due to crypto regulations implemented last year.

However, the minister said that the proposed amendment reflects “a shift in perception” regarding the industry.

“It is expected that the virtual asset business operators based on new technologies with innovation and business viability will be newly recognized as venture companies, and existing venture companies will also be able to promote virtual asset-related businesses,” the statement explains, “which will lead to the activation and expansion of the venture ecosystem and promote the fostering of the virtual asset industry.”

This change will be supported by the establishment of “legal and institutional safeguards” designed to protect users. Public comments on the proposal will be accepted by the ministry until August 18.

Tether reveals it holds US$8 billion in gold in private Swiss vault

Tether, the issuer behind the world’s largest stablecoin, USDT, has disclosed it holds nearly 80 metric tons of gold worth US$8 billion in a private Swiss vault, according to a Bloomberg report.

The company, which manages over US$159 billion in circulating stablecoins, says most of the gold is directly owned by Tether, making it one of the world’s largest private gold holders outside of sovereign institutions.

CEO Paolo Ardoino confirmed the gold is stored in a highly secure location in Switzerland, though he declined to disclose the exact facility for safety reasons.

The firm also operates a gold-backed token called XAUT, with each coin redeemable for one ounce of physical gold.

Tether’s increasing exposure to gold comes amid rising demand for safe-haven assets and ongoing concerns about US debt sustainability. However, new regulations in the US and EU may force the company to divest gold from USDT’s reserves if it seeks formal approval in those markets.

Trump Media files for Crypto Blue Chip ETF

Trump Media & Technology Group (NASDAQ:DJT) has filed to launch its third crypto-focused exchange-traded fund (ETF) under the Truth Social brand. Called the “Crypto Blue Chip ETF,’ the fund will aim to allocate 70 percent to Bitcoin, 15 percent to Ether and the remainder to Solana, Cronos and XRP.

This marks the latest move by the Trump-affiliated media company to expand its crypto investment footprint following two prior filings focused more narrowly on Bitcoin and Ether.

The ETF is set to trade on NYSE Arca, and is being developed in partnership with Crypto.com.

The company had earlier disclosed plans to raise US$2.5 billion to directly acquire Bitcoin. While Trump Media shares rose nearly 3 percent on the day of the announcement, it remains down over 40 percent year-to-date.

Sequans soars 43 percent on Bitcoin treasury strategy

Chipmaker Sequans Communications (NYSE:SQNS) saw its share price jump 43 percent after announcing a major pivot to a Bitcoin-based treasury reserve strategy. The firm raised US$384 million through equity and debt instruments to begin acquiring Bitcoin as a long-term corporate asset, emphasizing Bitcoin’s scarcity and independence from central banks as reasons behind the move and its potential to strengthen the company’s financial footing.

More than 40 institutional investors backed the fundraising, including convertible debentures and warrants that could bring in another US$57 million. The company plans to allocate future cash flows toward Bitcoin purchases.

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

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

This post appeared first on investingnews.com

Rick Rule, proprietor at Rule Investment Media, shares his latest thoughts on the resource space, including the sectors where he sees the most hate — and the most opportunity.

Click here to download recordings from the Rule Symposium.

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

This post appeared first on investingnews.com