Author

admin

Browsing

Several senior Justice Department officials resigned in protest Thursday rather than comply with an order to drop a bribery case against New York City Mayor Eric Adams. 

The resignations came amid President Donald Trump’s effort to overhaul the agency, which he said has been weaponized against political opponents.

The six resignations include Acting Manhattan U.S. Attorney Danielle Sassoon, Trump’s pick to temporarily lead the office prosecuting Adams, who resigned her post on Thursday, according to the memorandum by Deputy Attorney General Emil Bove, a Trump appointee.

‘I remain baffled by the rushed and superficial process by which this decision was reached,’ Sassoon wrote in a letter to Attorney General Pam Bondi. 

Adams, a Democrat who said he was targeted by the Biden administration, has been willing to work with the Trump administration crackdown to curb illegal immigration. Adams pleaded not guilty to charges that he accepted bribes from Turkish officials. 

‘Rather than be rewarded, Adams’s advocacy should be called out for what it is: an improper offer of immigration enforcement assistance in exchange for a dismissal of his case,’ Sassoon wrote to Bondi. 

Adams’ lawyer Alex Spiro said in an email to Reuters that the charges against his client are a ‘sham.’

‘If SDNY had any proof whatsoever that the mayor destroyed evidence, they would have brought those charges—as they continually threatened to do, but didn’t, over months and months,’ Spiro wrote. ‘This newest false claim is just the parting shot of a misguided prosecution exposed as a sham.’

In his Thursday memo, Bove wrote that Sassoon had refused to comply with what he called his office’s finding that the case against Adams amounted to weaponization of the justice system. 

‘Your resignation is accepted…you lost sight of the oath that you took when you started at the DOJ,’ he wrote. 

‘Your office has no authority to contest the weaponization finding,’ wrote Bove, Trump’s former personal criminal defense lawyer. ‘The Justice Department will not tolerate the insubordination.’

After Sassoon refused to dismiss the case, the Trump administration directed John Keller, the acting head of the Justice Department’s public corruption unit, to do so, according to people familiar with the matter.  

Keller also resigned on Thursday, two people familiar with the matter said, as well as Kevin Driscoll, a senior official in the department’s criminal division. 

Three other deputies in the Justice Department’s public corruption unit – Rob Heberle, Jenn Clarke, and Marco Palmieri – also resigned on Thursday over the Adams case, a person familiar with the matter said.

A Justice Department official confirmed Keller’s and Driscoll’s resignations, and did not immediately respond to a request for comment on the other three.

Fox News Digital has reached out to the White House. Since taking office in January, Trump has fired more than a dozen federal prosecutors who pursued cases against him.

In a statement to Fox News, Bove said he concluded that the prosecution against Adams had to be dismissed in order to ‘prioritize national security and public safety over continuing with a case that has been tainted from the start by troubling tactics.’

‘There is no room at the Justice Department for attorneys who refuse to execute on the priorities of the Executive Branch – priorities determined by the American people,’ he said. ‘I look forward to working with new leadership at SDNY on the important priorities President Trump has laid out for us to make America safe again.’

Fox News’ David Spunt contributed to this report. 


This post appeared first on FOX NEWS

Robert F. Kennedy Jr. was sworn in as the new secretary of Health and Human Services (HHS), hours after being confirmed in the Republican-controlled Senate Thursday by a close vote of 52-48 that was almost entirely along party lines.

Kennedy stood in the Oval Office alongside his wife, actress Cheryl Hines, and accompanied by his children, while he placed his hand on a Bible and swore the oath of office. Supreme Court Justice Neil Gorsuch swore in Kennedy.

After the ceremony, Kennedy told attendees about his first visit to the Oval Office. 

‘My first time in this Oval Office was in … 1962. I came here, and I had a meeting with my uncle who was president then, where we talked about the environment. He was involved very deeply, as we all know, in restoring physical fitness in this country.

‘For 20 years, I got on my knees every morning and prayed that God would put me in a position where I could end the childhood chronic disease epidemic in this country,’ Kennedy said.

‘On Aug. 23 of last year, God sent me President Trump. He’s kept every promise he’s made to me. He’s kept his word in every account and gone way beyond it. … I’m so grateful to you, Mr. President.’ 

Sen. Mitch McConnell of Kentucky was the only Republican to vote against Kennedy’s nomination. McConnell, the former longtime GOP Senate leader, had polio as a child and is a major proponent of vaccines.

Kennedy, the well-known vaccine skeptic and environmental crusader who ran for the White House in 2024 before ending his bid and endorsing Trump, needed a simple majority to be confirmed by the Senate.

‘I’m a survivor of childhood polio. In my lifetime, I’ve watched vaccines save millions of lives from devastating diseases across America and around the world. I will not condone the re-litigation of proven cures, and neither will millions of Americans who credit their survival and quality of life to scientific miracles,’ McConnell said after the Kennedy vote.

Kennedy, whose outspoken views on Big Pharma and the food industry have also sparked controversy, has said he aims to shift the focus of the agencies he would oversee toward promotion of a healthy lifestyle, including overhauling dietary guidelines, taking aim at ultra-processed foods and getting to the root causes of chronic diseases.

The push is part of his ‘Make America Healthy Again’ campaign.

Trump regularly criticized Kennedy during his independent presidential bid, accusing him of being a ‘radical left liberal’ and a ‘Democrat plant.’

Kennedy fired back, claiming in a social media post that Trump’s jabs against him were ‘a barely coherent barrage of wild and inaccurate claims.’

However, Kennedy made major headlines again in August when he dropped his presidential bid and endorsed Trump. 

Kennedy had long identified as a Democrat and repeatedly invoked his late father, former Sen. Robert F. Kennedy, and his late uncle, former President John F. Kennedy, who were both assassinated in the 1960s. Kennedy in recent years built relationships with far-right leaders due in part to his high-profile vaccine skepticism.

Fox News Digital’s Paul Steinhauser contributed to this report


This post appeared first on FOX NEWS

Indian Prime Minister Narendra Modi took a page from President Donald Trump’s playbook during a joint press conference Thursday, saying he wants to make India great again, or ‘MIGA.’

Modi met with Trump at the White House, where the world leaders discussed a range of issues, including trade, the economic relationship between India and the United States and military sales. 

During a press conference, Modi said Indian people were focusing on their heritage and ways to ensure his nation is developed by 2047. 

‘Borrowing an expression from America, our vision for a developed India is to make India great again, or MIGA,’ he said through a translator. ‘When America and India work together, that is, when it’s MAGA plus MIGA, it becomes a mega partnership for prosperity.

‘And it is this mega spirit that gives new scale and scope to our objectives.’ 

At the beginning of the press conference, Trump announced the United States would be providing India F-35 fighter jets and increasing military sales to the country by billions of dollars. 

Trump also said his administration approved the extradition of Tahawwur Rana, a Canadian citizen of Pakistani origin, one of the plotters of a deadly 2008 terrorist attack that killed 160 people. 

‘I’m pleased to announce that my administration has approved the extradition of one of the plotters and one of the very evil people of the world having to do with the horrific 2008 Mumbai terrorist attack to face justice in India,’ Trump said. 

In addition, Modi said India would accept illegal Indian immigrants in the United States who are deported back home. 

‘Anybody who enters another country illegally,’ Modi said, ‘they have absolutely no right to be in that country.

‘And as far as India and the U.S. is concerned, we have always been of the same opinion. And that is that any verified Indian who is in the U.S. illegally, we are fully prepared to take them back to India.’


This post appeared first on FOX NEWS

western copper and gold corporation (‘Western’ or the ‘Company’) (TSX: WRN) (NYSE American: WRN) is pleased to announce results from a supplemental metallurgical program (the ‘Metallurgical Program’) for its wholly owned Casino Copper-Gold Project (‘ Casino ‘).

Western Copper and Gold Corporation Logo (CNW Group/Western Copper and Gold Corporation)

The Metallurgical Program used drill core composites of material representing potential mill feed taken from the 2023 diamond drilling program with more variable copper, gold, and molybdenum levels than had been tested in previous drill campaigns and from a broader period of planned mining.

Attractive Recoveries – Standard processing methods continue to produce good recoveries for copper and gold, consistent with previous metallurgical work. The program achieved significantly higher recoveries for molybdenum (approximately 90% in hypogene material versus overall 71% in the Feasibility Study).

High Grade Concentrates with Low Impurities Casino would produce a high gold grade copper concentrate and a separate molybdenum concentrate. Both are expected to be highly marketable given the very low levels of impurities.

Further Potential Upside – Primary grind size for Casino is expected to be 210μm which compares quite favorably versus other similar projects.  Initial coarse particle separation tests, conducted during this program, suggest an opportunity to further increase primary grind size without sacrificing recoveries.

‘The latest metallurgical testing complements the work released in 2023 and now creates a fairly comprehensive picture of the attractive recoveries and metallurgical characteristics of the Casino Project. The project has the ability to produce highly sought after, high-grade concentrates into a market experiencing significant tightness, especially for cleaner concentrates such as those from Casino .’ said Sandeep Singh , President and CEO.

Metallurgical Program

The outline of the Metallurgical Program and the review of the results were developed by Western’s Technical and Sustainability Committee, which is comprised of members from Western, Rio Tinto and Mitsubishi Materials.

The fifteen composites of approximately 200 kg were subjected to detailed mineralogy, comminution testing, flotation testing and detailed analysis of copper concentrates. Composite preparation and all metallurgical test work was completed at ALS Metallurgy in Kamloops, B.C.

Table 1 shows the analysis of the composites and their associated lithology, either Supergene Sulphide (SUS) or Hypogene (HYP). The target composition was achieved for all composites except Composite 14, which contained very low grades and was subject to limited testing. Composite 8 was also excluded from the results below, as it was intentionally selected as an outlier to maximize deleterious content.

Casino has two main copper-gold zones, the Supergene Sulphide Zone which represents about 25% of the resource and the Hypogene Zone, which represents about 70% of the resource. The remaining 5% of the resource is represented by oxide materials.

Table 1 – Composites Used in Metallurgical Program

Composite

Zone

Cu

Cu (WAS) 1

Au

Mo

( %)

( %)

(g/t)

( %)

1

SUS

0.26

0.023

0.40

0.015

2

HYP

0.10

0.001

0.12

0.002

3

SUS

0.29

0.016

0.38

0.018

4

HYP

0.26

0.005

0.35

0.021

5

HYP

0.17

0.003

0.20

0.013

6

HYP

0.12

0.002

0.13

0.008

7

SUS

0.25

0.025

0.25

0.005

8

HYP

0.25

0.003

0.31

0.013

9

HYP

0.24

0.003

0.34

0.027

10

HYP

0.16

0.003

0.18

0.015

11

SUS

0.29

0.036

0.17

0.029

12

SUS

0.37

0.046

0.44

0.029

13

SUS

0.31

0.071

0.40

0.011

14

HYP

0.06

0.004

0.08

0.009

15

SUS

0.22

0.025

0.16

0.004

1 Cu (WAS) is the percentage of copper in the composite determined by weak acid soluble copper analysis

Flotation Test Results

Casino proposes using flotation to produce saleable copper-gold and molybdenum concentrates using an industry standard process flowsheet. Gold values are expected to be recovered within a copper concentrate and be payable under typical copper concentrate smelting terms and molybdenum is separated from a bulk copper-molybdenum concentrate to produce separate copper and molybdenum concentrates.

Table 2 depicts metallurgical recoveries obtained for hypogene composites using locked cycle testing. Hypogene samples demonstrate consistently high copper recoveries and very good quality copper concentrates. An average molybdenum recovery to a bulk copper-molybdenum concentrate of 90%, significantly higher than previous testing, was achieved for the hypogene composites without including Composite 2, which had a very low molybdenum head grade.

Table 2 – Summary of Locked-Cycle Flotation Results for Hypogene Composite Samples

Composite

Copper Concentrate Grade

Recoveries to Concentrate

Cu (%)

Au (g/t)

Cu (%)

Mo (%)

Au (%)

2

24.4

16.1

85.5

54.3

53.7

4

27.7

27.3

87.8

90.2

63.2

5

26.2

21.7

86.9

90.9

61.7

6

26.9

20.0

87.5

84.9

60.7

9

28.2

27.2

88.8

94.5

63.0

10

26.5

23.3

82.9

89.9

53.3

Table 3 shows locked cycle test results for supergene sulphide samples. Copper concentrate grade does not appear to be significantly impacted when processing supergene sulphide weathered materials. The reduction in overall copper recovery in flotation is a function of the weak acid soluble copper content (shown in Table 1) and is in line with previous test work. Molybdenum and gold recoveries are similar to previous test work.

Table 3 – Summary of Locked-Cycle Flotation Results for Supergene Sulphide Composite Samples

Composite

Copper Concentrate Grade

Recoveries to Concentrate

Cu (%)

Au (g/t)

Cu (%)

Mo (%)

Au (%)

1

26.7

32.2

76.5

74.2

58.8

3

28.8

32.8

77.0

85.3

59.6

7

19.3

13.5

83.4

74.3

62.5

11

27.6

13.5

79.6

76.4

57.6

12

27.7

26.2

87.0

86.7

62.9

13

18.1

17.8

73.6

86.4

58.6

15

27.4

20.9

71.0

34.4

58.6

Copper Concentrate Quality

The flotation concentrates produced from Casino continue to demonstrate very good grades in terms of copper and gold, as well as low levels of potential penalty elements. Table 4 shows a summary of copper concentrates produced from the recent test work, including key elements relevant to smelter terms. Average values for penalty elements, including As, Sb, Hg and F are shown to be well below typical smelter contract terms.

Table 4 – Casino Concentrate Analysis

Composite

Copper Concentrate Grades

Smelter Sensitive Elements

Cu (%)

Au (g/t)

As (%)

Sb (%)

Hg (g/t)

F (g/t)

1

26.7

32.2

0.01

0.00

0.33

50

2

20.3

13.6

0.17

0.09

0.12

140

3

28.8

32.8

0.02

0.00

0.04

70

4

29.1

26.5

0.01

0.00

0.02

60

5

29.7

22.3

0.01

0.00

0.02

60

6

29.4

18.7

0.03

0.01

0.03

60

7

19.3

13.5

0.20

0.06

0.59

70

9

30.1

28.7

0.34

0.09

0.13

90

10

26.2

22.1

0.07

0.17

0.23

90

11

27.6

13.5

0.01

0.00

0.23

70

12

27.7

26.2

0.18

0.11

0.47

100

13

18.1

17.8

0.03

0.01

0.27

70

15

27.4

20.9

0.18

0.05

0.86

290

Coarse Particle Separation Testing

A hypogene master composite was prepared for coarse particle flotation to test the impact on recoveries while increasing the primary grind size. In a single test, the grind size was increased from the project baseline of 210μm to 292μm with no significant change in overall copper and gold recoveries, and a small reduction in molybdenum recovery. The initial testing was promising and warrants future testing and evaluation.

Qualified Persons

The metallurgical information in this news release has been prepared in accordance with Canadian regulatory requirements set out in National Instrument 43-101 Standards of Disclosures for Minerals Projects of the Canadian Securities Administrators (‘NI 43-101’) and supervised, reviewed, and verified by Jeffrey B. Austin , P.Eng., President of International Metallurgical and Environmental Inc., a ‘Qualified Person’ as defined by NI 43-101.

ABOUT western copper and gold corporation

western copper and gold corporation is developing the Casino Project, Canada’s premier copper-gold mine in the Yukon Territory and one of the most economic greenfield copper-gold mining projects in the world.  For more information, visit www.westerncopperandgold.com .

The Company is committed to working collaboratively with our First Nations and local communities to progress the Casino project, using internationally recognized responsible mining technologies and practices.

On behalf of the board,

‘Sandeep Singh’

Sandeep Singh
President and CEO
western copper and gold corporation

Cautionary Note Regarding Forward-Looking Statements

This news release includes certain ‘forward-looking information’ and ‘forward-looking statements’ (collectively ‘forward-looking statements’) within the meaning of applicable Canadian and United States securities legislation including the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements are made as of the date of this news release. Forward-looking statements are frequently, but not always, identified by words such as ‘expects’, ‘anticipates’, ‘believes’, ‘plans’, ‘projects’, ‘intends’, ‘estimates’, ‘envisages’, ‘potential’, ‘possible’, ‘strategy’, ‘goals’, ‘opportunities’, ‘objectives’, or variations thereof or stating that certain actions, events or results ‘may’, ‘could’, ‘would’, ‘might’ or ‘will’ be taken, occur or be achieved, or the negative of any of these terms and similar expressions. Such forward-looking statements herein include statements regarding the expected metallurgical performance, the marketability of the concentrates, the potential for further process optimization through grind size adjustments, and the broader market outlook for copper and molybdenum concentrates. These statements are based on current test results and interpretations, which may evolve as further metallurgical work is conducted.

Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual events to be materially different from those expressed or implied by such statements. Such factors include but are not limited to the risk of unforeseen challenges in advancing the Casino project, potential impacts on operational continuity, changes in general market conditions that could affect the Company’s performance; and other risks and uncertainties disclosed in the Company’s annual information form and Form 40-F for the most recently completed financial year and its other publicly filed disclosure documents.

Forward-looking statements are based on assumptions management believes to be reasonable, including but not limited to current metallurgical test results being representative of future recoveries, the availability of market demand for copper and molybdenum concentrates, and such other assumptions and factors as set out herein, and in the Company’s annual information form and Form 40-F for the most recently completed financial year and its other publicly filed disclosure document.

Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, other factors may cause results to be materially different from those anticipated, described, estimated, assessed or intended. These forward-looking statements represent the Company’s views as of the date of this news release. There can be no assurance that any forward-looking statements will be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company does not intend to and does not assume any obligation to update forward-looking statements other than as required by applicable law.

Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/western-copper-and-gold-provides-positive-metallurgical-update-302376534.html

SOURCE western copper and gold corporation

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/February2025/13/c4898.html

News Provided by Canada Newswire via QuoteMedia

This post appeared first on investingnews.com

Democratic Rep. Jim McGovern of Massachusetts blasted Elon Musk on Wednesday and argued that his DOGE efforts are undermining the ‘values’ of the United States, and promised to ‘fight’ against them. 

Elon Musk has probably never stepped into a public school, his kids will get private tutors, he doesn’t understand it, he has no idea what this is all about,’ McGovern, who represents the 2nd Congressional District of Massachusetts, told Fox News Digital after a rally against DOGE cuts to the Department of Education.  

‘Our teachers do an incredible job. They deserve to be respected. The Department of Education is more than just a line item,’ he continued. ‘It represents real people, and it represents our future. And so, yeah, I’m pissed.’

McGovern explained that ‘not a single’ Democrat protesting is upset about cutting fraud or waste, but said that education is not the place to start. 

‘I use colorful language because I can’t believe we’re at this moment, and I’m really pissed at my Republican colleagues who are sitting there twiddling their thumbs, afraid to say anything because they’re afraid they might get a primary challenge,’ the House Democrat continued. ‘But you know what? Being in Congress is about helping people, not screwing people. And it’s about time they grew a backbone and came out here and joined us and pushed back against this nonsense.’

McGovern argued that the Department of Education is ‘not a line item’ and that it ‘represents real people’ who could lose important funding for their children in schools. 

‘I’d like to start with the Department of Defense first, McGovern said, ‘where I can tell you there’s tons and tons of waste. They’ve never been audited successfully. All these other departments and agencies have been audited. But here’s the deal. This is not about rooting out fraud, waste, or abuse. This is about them shutting down important agencies of departments so they can have money to give billionaires and big corporations a tax break, and I’m just sick and tired of the well-off and the well-connected to this country, getting whatever the hell they want while everybody else gets screwed. We can’t stand for that.’

‘I mean, when is the last time Musk ever walked into a public school?’ McGovern said. ‘When’s the last time you walked into a supermarket? When’s the last time he actually talked to, like, real people? And as far as this DOGE thing, I don’t even know what kind of clearances Musk has or the young minions that he has around him.’

‘I don’t know what kind of clearances they have going through all this stuff. But we should be worried. They’re undermining our democracy here. They’re undermining, you know, our values. And as I said, if they want to fight, I’ll give them a goddamn fight. We’re ready for this fight.’

When asked whether he wants Musk to answer questions before Congress, McGovern said he’d like to see the Tesla and Space X CEO testify under oath.

I do, I want him to come before Congress. I want them to be sworn in. So he can’t lie. I mean, I saw that press conference, and It was the weirdest thing I’ve ever seen in my life. I mean, these guys, this is. You can’t make this stuff up.’

DOGE’s spending cuts have drawn the ire of numerous Democrats in recent weeks prompting rallies where lawmakers have pledged to fight Musk’s efforts.

The Department of Education, which Trump pledged to eliminate when he was on the campaign trail, has been a particularly heated subject, and Trump recently suggested that he still intends to get rid of it and send education decisions to the states.

‘Oh, I’d like it to be closed immediately. Look at the Department of Education. It’s a big con job,’ Trump said this week. ‘They ranked the top countries in the world. We’re ranked No. 40, but we’re ranked No. 1 in one department: cost per pupil. So, we spend more per pupil than any other country in the world, but we’re ranked No. 40.’


This post appeared first on FOX NEWS

President Donald Trump floated a joint meeting with Chinese President Xi Jinping and Russian President Vladimir Putin, claiming he wants all countries to move toward denuclearization. 

Trump on Thursday told reporters he plans to advance these denuclearization talks once ‘we straighten it all out’ in the Middle East and Ukraine, comments that come as the U.S., Russia and Ukraine are actively pursuing negotiations to end the conflict between Russia and Ukraine. 

‘There’s no reason for us to be building brand new nuclear weapons, we already have so many,’ Trump said Thursday at the White House. ‘You could destroy the world 50 times over, 100 times over. And here we are building new nuclear weapons, and they’re building nuclear weapons.’

‘We’re all spending a lot of money that we could be spending on other things that are actually, hopefully, much more productive,’ he said.

The U.S. is projected to spend approximately $756 billion on nuclear weapons between 2023 and 2032, according to a Congressional Budget Office report released in 2023. 

Additionally, Trump said that he was aiming to schedule meetings with Xi and Putin early on in his second term and request that the countries cut their military budgets in half. The president said he believes ‘we can do that,’ and remained indifferent about whether he traveled to Xi or Putin, or if they visited the White House. 

Meanwhile, the U.S. has dramatically reduced its nuclear arsenal since the fall of the Berlin Wall in 1989. 

The U.S. maintains 3,748 nuclear warheads as of September 2023, a drop from the stockpile of 22,217 nuclear warheads in 1989, according to the Department of Energy. The agency reported the U.S. owned a maximum of 31,255 nuclear warheads in 1966. 

In comparison, Russia has an estimated stockpile of roughly 4,380 nuclear warheads, while China boasts an arsenal of roughly 600, according to the Federation of American Scientists. 

Trump’s remarks build on previous statements he made in January at the Davos World Economic Forum in Switzerland, where he signaled interest in talks on denuclearization with both Russia and China. 

‘Tremendous amounts of money are being spent on nuclear, and the destructive capability is something that we don’t even want to talk about today, because you don’t want to hear it,’ Trump said on Jan. 23. 

Previous talks between the U.S., Russia and China fell through in 2020 during Trump’s first administration after he refused to sign an extension of the 2010 New Strategic Arms Reduction Treaty with Russia to impose limits on each country’s nuclear arsenals. The treaty ultimately was renewed under the Biden administration and now expires in 2026, but Russia suspended its participation. 

On Thursday, Trump accused these negotiations of falling apart due what he called the ‘rigged election’ in 2020. 

Trump also said on Thursday that Putin wants peace after Russia invaded Ukraine in 2022, comments that followed back-to-back calls with the Russian leader and Ukrainian President Volodymyr Zelenskyy on Wednesday. Treasury Secretary Scott Bessent also traveled to Kyiv on Wednesday. 

Trump, who met with Zelenskyy in New York in September 2024, urged Putin to cease the war — or face sanctions — in a post on Truth Social on Jan. 22. 

‘Settle now, and STOP this ridiculous War! IT’S ONLY GOING TO GET WORSE,’ Trump wrote. If we don’t make a ‘deal’, and soon, I have no other choice but to put high levels of Taxes, Tariffs, and Sanctions on anything being sold by Russia to the United States, and various other participating countries.’


This post appeared first on FOX NEWS

Mexican President Claudia Sheinbaum said Thursday her government was deciding whether to initiate a lawsuit against Google for renaming the Gulf of Mexico the Gulf of America on Google Maps. 

‘We are going to wait. We are already seeing, observing what this would mean from the perspective of legal advice, but we hope that they will make a revision,’ Sheinbaum said, according to Reuters. 

Fox News Digital has reached out to Google. 

Google renamed the body of water after President Donald Trump signed an executive order to change it. Now, Google Maps users in the United States will see ‘Gulf of America’ in the app, and users outside the U.S. and Mexico see both terms, the company said.

‘We’re going to be changing the name of the Gulf of Mexico to the Gulf of America, which has a beautiful ring. That covers a lot of territory,’ Trump said Tuesday. ‘The Gulf of America. What a beautiful name. And it’s appropriate.’

Sheinbaum has decried the move, saying the Gulf of Mexico name has long been recognized internationally.

‘All we are asking of Google is to look at the decree that the White House released and that President Donald Trump signed. You’ll see in that decree that it does not refer to the whole gulf,’ Sheinbaum said.

‘If necessary, we will file a civil suit,’ she added. ‘Our legal area is already looking into what that would mean, but we hope that (Google) reconsiders.’

Aside from Google, the Federal Aviation Administration (FAA) sent out a charting notice confirming that its systems were in the process of updating the name, in addition to updating the newly named Mount McKinley in Alaska, formerly known as Denali.

‘Please be advised that the FAA is in the process of updating our data and charts to show a name change from the Gulf of Mexico to the Gulf of America and a name change from Denali to Mount McKinley. This will be targeted for the next publication cycle,’ the notice said.


This post appeared first on FOX NEWS

Not everyone likes to take a contrarian stance. Most people prefer to move with the market, not against it. But for those who thrive on going against the grain, extreme market movements — whether a rally or selloff — present opportunities.

Wednesday morning was one of those sessions. The Consumer Price Index (CPI) report came in hotter than expected, sending markets into an early plunge before trading mixed later in the day. This presented an ideal opportunity to hunt for stocks that might be bottoming.

My first move was to check the StockCharts’ Advancers & Decliners tool on my Dashboard for a real-time picture of market activity.

FIGURE 1. ADVANCERS & DECLINERS TOOL SECTORS VIEW. The hardest hit were Real Estate and Utilities.

The Real Estate and Utilities sectors were the most affected in the early part of the trading day. I needed a second angle to view the sector action. So, I switched over to the Sector Summary tool.

FIGURE 2. SECTOR SUMMARY TOOL. Percentage-wise, real estate had lost the most at the time of viewing.

After deciding to focus on the Real Estate sector, I ran a bearish New 52-Week Lows scan to see what I might find.

FIGURE 3. IMAGE OF SCAN PAGE AND RESULTS.  I found two homebuilder stocks: DHI and LEN.

DR Horton Inc. (DHI) and Lennar Corp. (LEN), two of the biggest US homebuilders, were making new 52-week lows.

Full transparency: If you notice the super-low SCTR scores, well, they’re making new 52-week lows … and I’m searching for a bottom, not only price-wise, but in terms of a turnaround from extreme technical weakness.

But how were they compared to their industry peers? To analyze their relative performance, I switched over the PerfCharts to get a comparative view, adding SPDR S&P Homebuilders ETF (XHB) as an industry proxy in addition to a third major homebuilder—Toll Brothers, Inc. (TOL). TOL wasn’t on the list, but, as one of the major homebuilders showing relative strength despite its decline, I included it for comparison.

FIGURE 4. PERFCHARTS COMPARING XHB, DHI, LEN, AND TOL. TOL is the only stock outperforming its industry peers.

TOL is the only stock outperforming its peers, with LEN and DHI leading XHB downwards.

Back to my objective, I’m looking for stocks within the industry that might be close to bottoming out. But before I can do that, I must assess whether the industry might be bottoming out and if the current market response to the newly released CPI figures may be overextended or justified by underlying valuations.

Below is a five-year weekly chart of XHB.

FIGURE 5. WEEKLY CHART OF XHB. The index topped, but will it bounce or continue its decline?

If you look at XHB’s rising prices from the beginning of 2024 through October, in contrast to the Relative Strength Index’s (RSI) decline from above the 70 threshold, the bearish divergence is clear, confirming XHB’s topping action. The RSI is below the 50-line but nowhere near oversold territory. 

Looking at sector breadth, the Real Estate Bullish Percent Index (BPI) is currently favoring the bulls, as over 50% of stocks within the sector are triggering Point & Figure “buy” signals. Although homebuilders don’t appear to be participating in this rally, will the broader sector eventually help lift the industry (in other words, are homebuilders bottoming)?

The critical level to watch here is $97 to $101 (see blue highlight), two swing lows that should serve as technical support. To broaden the viable support range, I overlaid an Ichimoku Cloud. If XHB falls below either the swing low or the cloud, then, technically, there’s plenty of downside to go. If it bounces, then a bullish case might take shape.

With this in mind, look at all three stocks (TOL, LEN, and DHI) side by side.

FIGURE 6. ACP CHARTS OF TOL, LEN, AND DHI.  TOL, the better-performing stock, is nearing a critical support level.

The blue horizontal lines in each chart mark recent swing lows, all of which are (or were) critical support levels. TOL is about to test that level, while LEN and DHI have already fallen below theirs.

Here’s a daily chart of TOL.

FIGURE 7. DAILY CHART OF TOL. Watch how price responds to these two support levels.

TOL is nearing support at the $120 December swing low. A closer look at the RSI reveals a slight bullish divergence, with the indicator rising from the 30-line even as TOL briefly dips below $120 before staging a strong bounce. Meanwhile, the Chaikin Money Flow (CMF) has fallen into negative territory. However, this dip is less pronounced than in December, when TOL’s price may have formed a bottom.

If TOL closes below $120, the more critical support level is $110. This is the longer-term support level shown in the weekly chart. If TOL remains above this threshold and proceeds to advance, then it’s likely that a bottom may be in place. Check volume and momentum to confirm the reversal if or when it happens.

Next, take a look at this daily chart of DHI.

FIGURE 8. DAILY CHART OF DHI. I’m using a measured move approach to determine where it might find support before the next swing low.

If you reference the weekly charts in Figure 6, you’ll see that DHI had fallen below critical support at $135 and is still falling. The next major level of support would be the October 2023 low at $100. However, given the near-symmetry of each swing, you might expect DHI to bounce at the “measured move” level near the $118 range.

The CMF is well below the zero line, indicating that selling pressure is driving the stock’s decline. However, the RSI presents a bullish divergence, with its recent lows trending higher even as the stock continues to fall. Still, without a definitive bounce and a shift in the CMF — a key volume indicator — there’s no clear confirmation that a bottom is in place.

Lastly, let’s switch over to a daily chart of LEN.

FIGURE 9. DAILY CHAFT OF LEN. In the near term, there’s no support in sight.

The next support level for LEN may be the November 2023 low of $101. In the near term, however, there doesn’t seem to be much in sight to prevent LEN’s descent. That said, a few volume-based signals suggest the selling pressure may not be entirely one-sided.

  • The Accumulation/Distribution Line (ADL), shown rising above the current price (see green line), indicates that money flows are increasing; a bullish sign for LEN.
  • The volume of selling pressure, according to the CMF, is significantly easing.
  • The Money Flow Index (MFI), which tracks volume and momentum, is climbing even as LEN continues to decline, indicating a bullish divergence.

While there’s no sign of bottoming, you may want to continue monitoring the stock for signs of stabilization.

At the Close

This piece demonstrates an attempt to spot bottoming opportunities during Wednesday’s market selloff. By tracking sector performance with StockCharts tools—namely, Advancers & Decliners and Sector Summary—I spotted Real Estate as one of the hardest-hit areas. A New 52-Week Lows scan flagged LEN and DHI, which I compared to TOL using PerfCharts to gauge relative strength. While these stocks haven’t confirmed a bottom yet, there are hints of a shift.

It’s worth adding LEN, DHI, and TOL to your ChartLists and keeping an eye on them. Once they stabilize and bottom out, it could signal an early entry point well before the next uptrend takes shape.


Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional.

Europe must reinstate harsh United Nations sanctions on Iran, U.S. lawmakers insisted in a new resolution that accused Tehran of repeated violations of the 2015 nuclear deal brokered by the Obama administration.  

The bipartisan legislation calls on the U.K., France and Germany to invoke ‘snapback’ sanctions on Iran through the UN Security Council immediately – and follow the U.S.’s lead under President Donald Trump’s ‘maximum pressure’ executive order to isolate Iran over its nuclear activity. 

‘Iran is the leading state sponsor of terrorism, and their actions have led to the murder of American servicemembers,’ said Sen. Pete Ricketts, R-Neb., the number two Republican on Senate Foreign Relations Committee and lead sponsor of the bill, which has 11 cosponsors in the Senate. 

‘Iran’s possession of a nuclear weapon would threaten our security and the security of our allies. Snapback sanctions are key to ensuring that President Trump’s maximum pressure campaign is successful.’ 

Reps. Claudia Tenney, R-N.Y., and Josh Gottheimer, D-N.J., issued companion legislation in the House. 

Under the 2015 Iran deal known as the Joint Comprehensive Plan of Action (JCPOA), Iran evaded U.N., U.S. and E.U. sanctions in exchange for promises not to pursue a nuclear weapon. But Iran eventually cut off independent inspectors’ access to its sites and resumed nuclear activities. 

A ‘snapback’ provision of the agreement said that any of the nations privy to the deal – China, France, Russia, the United Kingdom, U.S. or Germany – could demand the export controls, travel bans and asset freezes be reimposed. 

But the U.S. pulled out of the nuclear deal entirely under President Donald Trump’s first administration and imposed its own ‘maximum pressure’ sanctions regime. The Biden administration subsequently issued sanctions waivers and toyed with the idea of returning to a nuclear deal with Iran, but ultimately those efforts faltered.

Tenney urged the European nations to invoke the snapback sanctions before the deal expires in October 2025. 

‘Invoking snapback sanctions will restore all the UN sanctions on Iran that were lifted by the Obama administration’s failed Iran nuclear deal,’ she said. 

Iran is ‘dramatically’ accelerating enrichment of uranium to up to 60% purity, below the 90% needed for a nuclear weapon, according to U.N. nuclear watchdog Rafael Grossi. Western states have said there is no civilian use for 60% uranium. 

Britain, France and Germany told the U.N. Security Council in December they were ready to trigger the snapback of all international sanctions on Iran if necessary. 

Trump himself said he was ‘torn’ over a recent executive order that triggered harsh sanctions on Iran’s oil sector, adding that he was ‘unhappy to do it.’

‘Hopefully, we’re not going to have to use it very much,’ Trump told reporters.

But he reiterated, ‘We’re not going to let them get a nuclear weapon.’

Trump suggested first trying a ‘verified nuclear peace agreement’ over military escalation. ‘I would much rather do a deal that’s not gonna hurt them,’ the president told Fox News on Monday, adding that ‘I’d love to make a deal with them without bombing them.’

Iran viewed the president’s remarks as a threat and took negotiations off the table. 

​​’No problem will be solved by negotiating with America,’ said Iran’s Ayatollah Ali Khameni, citing past ‘experience.’ 

He called for the country to further develop its military capabilities. 

‘We cannot be satisfied,’ Khamenei said. ‘Say that we previously set a limit for the accuracy of our missiles, but we now feel this limit is no longer enough. We have to go forward.’

‘Today, our defensive power is well known, our enemies are afraid of this. This is very important for our country,’ he said.


This post appeared first on FOX NEWS