Author

admin

Browsing

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

                        Statistics Canada released its natural resource indicators report for the second quarter of 2025 on Thursday (September 25), which includes real gross domestic product (GDP), export and import data for Canadian resources.

                        According to the announcement, the real GDP for the sector decreased by 2.4 percent during the quarter, following a 1.8 percent rise in the first quarter, and outpaced the 0.4 percent decline in the broader Canadian economy.

                        Forestry saw the most significant decline, with real GDP falling by 4.9 percent; however, declines were felt throughout the sector. Real GDP of the energy sector dropped 2.5 percent, led by refined petroleum products decreasing 7.4 percent and electricity decreasing 3.5 percent. Minerals and mining decreased 1.2 percent, with primary metallic mineral products dropping the most in the category at 3.7 percent.

                        Exports declined by 6.6 percent, with forestry again registering the largest decrease at 15.5 percent, followed by energy decreasing 5.9 percent and minerals and mining dropping 4 percent. The reporting agency noted that declines coincided with increased tariffs on goods, especially steel and aluminum, entering the United States.

                        Meanwhile, imports increased by 6.6 percent during the quarter, following a 2.9 percent rise in the first quarter, and were mainly attributable to a 17.3 percent increase in mineral and mining imports, which included a 35.4 percent rise in metallic mineral products.

                        In major mining news this week, Freeport-McMoRan (NYSE:FCX) announced on Wednesday (September 24) that the closure of its Grasberg operations in Indonesia would be extended. The closure came after 800,000 metric tons of liquid materials entered its main Grasberg block cave on September 8, trapping seven workers. So far, the bodies of two workers have been recovered, and the remaining five workers are still missing.

                        Operations at two underground mines that were unaffected by the accident should restart mid-way through the fourth quarter, according to the company, but operations at the Grasberg block cave will not return to full production until at least 2027.

                        Grasberg is among the largest copper and gold mines in the world, contributing 1.7 billion pounds of copper and 1.4 million ounces of gold annually.

                        The announcement caused copper prices to surge by 5 percent in trading on Wednesday to US$4.84 per pound on the COMEX. Meanwhile, shares in Freeport tumbled by 16.95 percent to US$37.67 that day, and fell another 6 percent to US$35.46 on Thursday.

                        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 in positive territory this week by the end of trading Thursday.

                        The S&P/TSX Composite Index (INDEXTSI:OSPTX) set another new record high this week, climbing above the 30,000 mark for the first time on Tuesday before retreating to close Thursday at 29,731.98. The S&P/TSX Venture Composite Index (INDEXTSI:JX) performed even better, peaking at 929.64 Tuesday and ending the week at 920.18. For its part, the CSE Composite Index (CSE:CSECOMP) peaked on Wednesday at 168.38, but retreated to end Thursday at 163.31.

                        The gold price continued to climb this week, setting another new record, as it achieved an intraday high of US$3,788 per ounce on Tuesday. While the price retreated slightly, it was still up 1.7 percent on the week at US$3,749.21 by Thursday’s close.

                        The silver price saw more significant gains, rising 8.14 percent to set a year-to-date high of US$45.19 per ounce at 4 p.m. EST Thursday. The silver price is trading at 14 year highs and has been closing in on its record US$47.91 set in March 2011.

                        Copper had sizable gains this week on the news of the closure of Freeport’s Grasberg mine discussed above. The copper price was up 5 percent on Wednesday, but shed some gains Thursday to end the day with a weekly gain of 4.12 percent to US$4.80 per pound. The S&P Goldman Sachs Commodities Index (INDEXSP:SPGSCI) gained 1.54 percent gain to end Thursday at 558.11.

                        Top Canadian mining stocks this week

                        How did mining stocks perform against this backdrop?

                        Take a look at this week’s five best-performing Canadian mining stocks below.

                        Stocks data for this article was retrieved at 4:00 p.m. EDT on Thursday 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. Lithium Americas (TSX:LAC)

                        Weekly gain: 126.93 percent
                        Market cap: C$2.02 billion
                        Share price: C$9.94

                        Lithium Americas is a lithium development company focused on advancing its flagship Thacker Pass project in Nevada, US, which is considered a critical component of the US’s domestic lithium supply chain.

                        The project is a 62/38 joint venture between Lithium America and General Motors (NYSE:GM), with the latter investing US$625 million in the project last year for its stake. The companies are currently working to advance Phase 1 of the project into production, targeting a capacity of 40,000 metric tons per year of battery-quality lithium carbonate. First production is expected in Q4 2027, and GM has the right to buy all Phase 1 lithium production.

                        Shares in the company surged this week following news reports on the status of a US$2.26 billion loan from the US Department of Energy (DOE). On Tuesday, Reuters reported that the White House is seeking an equity stake of up to 10 percent in Lithium Americas as it renegotiates the terms of the loan. The company had planned to make its first draw from the loan this month, according to Reuters’ sources.

                        On Wednesday, Lithium Americas noted its rising share price in a press release about the situation. The company stated it was continuing to work with the DOE and General Motors to reach a mutually agreeable resolution regarding the first draw of the loan and potential amendments, noting discussions also included the topic of ‘corresponding consideration,’ or fair compensation, for the lithium company.

                        2. Scandium Canada (TSXV:SCD)

                        Weekly gain: 75 percent
                        Market cap: C$20.09 million
                        Share price: C$0.07

                        Scandium Canada is a scandium exploration company working to advance its Crater Lake scandium project in Northern Québec, Canada. The property consists of 96 contiguous claims covering an area of 47 square kilometers. To date, the company has identified five primary zones of interest at Crater Lake.

                        An updated mineral resource estimate released on May 12 demonstrated an indicated resource of 16.3 million metric tons of ore at an average grade of 277.9 grams per metric ton (g/t) scandium oxide, plus an inferred resource of 20.9 million metric tons at 271.7 g/t. The MRE also included grades of other rare earths at the project.

                        Gains in Scandium Canada’s share price began when trading opened Tuesday, the day after Reuters reported on White House plans to source scandium oxide from Rio Tinto (ASX:RIO,NYSE:RIO,LSE:RIO), which produces scandium oxide from its facility in Québec.

                        The company’s shares continued rising throughout the week. On Wednesday, Reuters reported that the Group of Seven nations is discussing instituting rare earth price floors as a means to increase rare earth production in their countries to counter China’s dominance. The considerations follow the G7 leaders’ announcement of a critical minerals action plan in June, which aims to strengthen the Western supply of critical minerals.

                        In company news, on Thursday Scandium Canada announced an update on advancements for its proprietary aluminum-scandium alloys, which it is aiming to commercialize.

                        3. Sendero Resources (TSXV:SEND)

                        Weekly gain: 64.58 percent
                        Market cap: C$14.74 million
                        Share price: C$0.79

                        Sendero Resources is a copper and gold exploration company focused on its Peñas Negras copper-gold project located along the border between Chile and Argentina in the Vicuña mining district.

                        Vicuña is home to several significant operations, including the Josemaria and Filo del Sol copper-gold mines, which are 50/50 joint ventures between Lundin Mining (TSX:LUN) and BHP Group (ASX:BHP,NYSE:BHP,LSE:BHP).

                        Peñas Negras covers an area of 211 square kilometers in Argentina’s portion of the district and bears geological similarities to the aforementioned deposits, according to Sendero.

                        Shares in the company were up this week, but the company has not released news since July 21, when it reported granting stock options to company employees and consultants.

                        4. Tincorp Metals (TSXV:TIN)

                        Weekly gain: 58.82 percent
                        Market cap: C$14.65 million
                        Share price: C$0.27

                        Tincorp Metals is a mineral exploration company with a pair of tin assets in Bolivia, and also owns a gold project in the Yukon, Canada.

                        Its SF Tin project covers a 2 square kilometer area in the Potosí Department of West-central Bolivia. The site hosts a historical open-pit mine and was previously explored by Rio Tinto in the 1990s. Tincorp’s 2022 exploration program encountered a highlighted intercept of 0.20 percent tin, 0.94 percent zinc, 0.17 percent lead and 24.01 g/t silver over 182.6 meters.

                        The company’s Porvenir project is an 11.25 square kilometer property in Western Bolivia that hosts historical open-pit and underground mining operations. Its exploration of the site in 2023 encountered a highlighted intercept with 0.65 percent tin, 1.97 percent zinc, 4 g/t silver and 0.10 percent copper over 21.2 meters.

                        The most recent news from Tincorp came on September 17 when it announced it had closed on a non-brokered private placement for 3 million common shares for gross proceeds of C$375,000. The company said it intends to use the net proceeds for working capital requirements and corporate purposes.

                        5. Wealth Minerals (TSXV:WML)

                        Weekly gain: 58.33 percent
                        Market cap: C$56.41 million
                        Share price: C$0.19

                        Wealth Minerals is a lithium exploration and development company with several Chilean lithium brine assets. Much of its news in Q2 and Q3 has been about advancing its Kuska project in the Salar de Ollagüe. The Kuska project covers 10,500 hectares in the Antofagasta region near the Bolivian border.

                        In May, the company created the Kuska Minerals 95/5 joint venture with the Quechua Indigenous Community of Ollagüe for the Kuska project.

                        A February 2024 preliminary economic assessment (PEA) for Kuska demonstrated an indicated resource of 139,000 metric tons of contained lithium from 8 million cubic meters of brine with an average grade of 175 milligrams per liter lithium. The report also demonstrated a post-tax net present value of US$1.15 billion, with an internal rate of return of 28 percent and a payback period of 6.9 years.

                        In September 2024, the Chilean government selected the Salar de Ollagüe to be among the first group of six salars considered for production licenses. Wealth applied for a special lithium operation contract (CEOL) for Kuska, but was denied due to not meeting the criteria of 80 percent ownership of the area designated by Chile, referred to as a polygon, that contained its concessions.

                        On Tuesday, the company reported that the Chilean government has reopened applications after simplifying the process for assigning a CEOL with revised requirements. During consultation with the local Indigenous communities, the ministry agreed to exclude ‘the areas of greatest cultural interest to Indigenous communities and the populated areas that were part of the polygon.’ Wealth Minerals is now verifying it meets all conditions before reapplying.

                        The following day, Wealth announced that it had entered into a letter agreement to acquire the past-producing Andacollo Oro Gold project in Chile. The project has historic measured and indicated resources of 2.02 million ounces of gold from 130 million metric tons with a grade of 0.48 g/t.

                        According to the company, it believes the acquisition is the right choice for shareholders as it expects the drivers of the current investment interest in gold, namely worry about monetary and fiscal policies, to remain unchanged.

                        Additionally, in connection with the transaction, the company announced it was opening a non-brokered private placement for a minimum of 41.67 million shares with the intention of raising gross proceeds of C$5 million.

                        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

                        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

                        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

                        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

                        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

                        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

                        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

                        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

                        President Trump reacted to the indictment of former FBI Director James Comey, telling Fox News Digital during an exclusive interview that he ‘placed a cloud over the entire nation’ with the bureau’s ‘Crossfire Hurricane’ probe.

                        Comey, on Thursday evening, was indicted by a grand jury on two counts, alleged false statements within jurisdiction of the legislative branch and obstruction of congressional proceeding.

                        ‘What they did was so terrible and so corrupt,’ Trump told Fox News Digital, referring to those involved in the Trump-Russia probe. ‘We had a great administration, though.’

                        Former Deputy Assistant Director of Counterintelligence Peter Strzok formally opened the Trump-Russia investigation, known inside the bureau as ‘Crossfire Hurricane’ on July 31, 2016.

                        Trump fired Comey in May 2017. Days later Special Counsel Robert Mueller was appointed to take over the Crossfire Hurricane probe.

                        ‘He is a very corrupt person. He was absolutely a terrible man for what this country stood for,’ Trump told Fox News Digital.

                        ‘Comey placed a cloud over the entire nation, and actually, the Russia, Russia, Russia hoax made it very difficult,’ Trump said. ‘It could have caused wars.’

                        Fox News Digital exclusively reported in July that Comey was under criminal investigation by the FBI. 

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

                        When asked whether Brennan should be charged as well, the president told Fox News Digital: ‘We’ll have to see what happens.’

                        ‘It is up to the Justice Department, but I can tell you, it is a group of people that was very disappointing,’ the president said. ‘This makes Watergate look like peanuts.’ 

                        He added: ‘They tried to destroy our country.’

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

                        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. 

                        His arraignment is set for 10 a.m. on Oct. 9, in Alexandria Courtroom 600 before District Juge Michael S. Nachmanoff.

                        ‘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.’

                        Meanwhile, 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.’

                        In an Instagram post on Thursday, Comey acknowledged that he and his family have known for years that there are costs to standing up to President Donald Trump.

                        ‘We couldn’t imagine ourselves living any other way,’ he said. ‘We will not live on our knees and you shouldn’t.’

                        Fox News’ David Spunt contributed to this report. 

                        This post appeared first on FOX NEWS