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President Biden announced an audacious goal for America to reduce its carbon emissions by two thirds with barely weeks left in his administration.

Biden’s White House announced the new goal in a public statement. It calls for the U.S. to massively reduce its carbon emissions by 2035, invoking the Paris Agreement.

‘Today, as the United States continues to accelerate the transition to a clean energy economy, President Biden is announcing a new climate target for the United States: a 61-66 percent reduction in 2035 from 2005 levels in economy-wide net greenhouse gas emissions,’ the White House wrote.

‘It keeps the United States on a straight line or steeper path to achieve net-zero greenhouse gas emissions, economy-wide, by no later than 2050. In connection with this announcement, the United States is making a formal submission of this new target to the United Nations Climate Change secretariat as its next NDC under the Paris Agreement,’ the statement continued.

President-elect Trump withdrew the U.S. from the Paris Agreement soon after entering office in his first term. Biden then re-entered the U.S. into the treaty. Trump has not said whether he plans to once again remove the U.S. from the plan, which calls on global powers to self-impose climate reforms.

Trump reportedly plans to install an ‘energy czar’ to scale back energy and climate regulations implemented under the Biden administration.

Six sources familiar with Trump’s transition team told the New York Times last month that a series of executive orders and presidential proclamations have been drafted related to climate and energy, aimed at rolling back Biden-era clean energy regulations that some critics argue have hurt the economy. 

Other plans Trump and his transition team are reportedly discussing include installing an ‘energy czar’ to help cut regulations on domestic energy production and potentially moving the Environmental Protection Agency’s (EPA) headquarters outside of Washington, D.C.

‘The American people re-elected President Trump by a resounding margin giving him a mandate to implement the promises he made on the campaign trail,’ Trump-Vance transition spokeswoman Karoline Leavitt told Fox News Digital when asked to confirm the details about Trump’s reported plans. ‘He will deliver.’

Fox News’ Alec Schemmel contributed to this report.


This post appeared first on FOX NEWS

Uncertainty in the stock market makes it difficult to make investment decisions. When investors sell off stocks, everyone follows without giving it much thought and you’re left trying to figure out which path you should take. We saw this price action in the stock market on Wednesday after the Federal Open Market Committee cut interest rates by a quarter percentage point. Investors started to sell their holdings, which intensified toward the last few minutes of the trading day. 

The rate cut didn’t come as a surprise. The market had already priced it in. Fed Chairman Jerome Powell’s comments about slowing down rate cuts for the next two years led to the massive selloff. Inflationary concerns were one reason which may have heightened investor fear. The S&P 500 ($SPX) fell by 2.95%, and the Nasdaq Composite ($COMPQ) dropped by 3.56%. The S&P 600 Small Cap Index ($SML) got hit hard, falling over 4%.

It wasn’t just equities that sold off. Gold prices fell. Silver prices fell. Bond prices fell. Even cryptocurrencies felt the pain. 

So, how damaging was the selloff? Let’s dive into the charts of the broader stock market indexes. 

Equities Hammered Hard

Whenever there’s such a significant fall in equities, it’s natural to think about buying the dip. But before you jump into anything, it’s best to see if the uptrend is still in play. 

From its August low, the S&P 500 has been in an upward trend with a few pullbacks, the deepest one being in early September when it almost reached its 100-day simple moving average or SMA (see chart below). On Wednesday, the index closed below its 50-day SMA toward the low of the day. The daily chart below shows market breadth is declining. 

FIGURE 1. DAILY CHART OF THE S&P 500 INDEX WITH BREADTH INDICATORS. The index is close to hitting its late November lows, a key support level. If it breaks below that level and market breadth indicators continue to weaken, it could be a bearish signal. Chart source: StockCharts.com. For educational purposes.

The NYSE Advance-Decline Line (!ADLINENYC), the percent of S&P 500 stocks trading above their 200-day moving average ($SPXA200R), and the S&P 500 Bullish Percent Index ($BPSPX) are all trending lower. That the $BPSPX is below 50 shows that bearish pressure is dominant, which is concerning. 

The weekly chart is more optimistic in that the S&P 500 is still trending higher and above its 21-week exponential moving average (EMA). All the moving averages on the chart are trending higher. Watch the November lows carefully (blue dashed line). A close below this level would mean a break in the “higher highs, higher lows” trend. 

FIGURE 2. WEEKLY CHART OF S&P 500 INDEX. All moving averages overlaid on the chart are trending higher. The S&P 500 is trading above its 21-day EMA. A break below the EMA would be the first signal of a reversal of a bull market. Chart source: StockCharts.com. For educational purposes.

The takeaway: If the $BPSPX continues to decline and the S&P 500 falls below its November low and 21-week EMA, consider offloading partial positions. 

The Nasdaq Composite has a similar pattern in its chart, although it’s still above its 50-day SMA (see chart below). However, what is concerning about the daily chart of the Nasdaq is that it closed at its November high. A break below this level would break the series of higher highs and higher lows. So watch this level carefully.

FIGURE 3. DAILY CHART OF NASDAQ COMPOSITE WITH MARKET BREADTH INDICATORS. The Nasdaq has reached its November high. Market breadth indicators are weakening. Keep an eye on this chart. Chart source: StockCharts.com. For educational purposes.

The NASDAQ Advance-Decline Line (!ADLINENAS), the percent of Nasdaq stocks trading above their 200-day moving average is at 54% and trending lower, and the Nasdaq Bullish Percent Index ($BPCOMPQ) are all trending lower with the $BPCOMPQ at 50. If you pull up the weekly chart by changing the Period dropdown menu to weekly and using a five-year range, the trend is still bullish, similar to the weekly chart of the S&P 500.

Fear Gauge Is Running Hot

The rise in fear can be seen in the action in the Cboe Volatility Index ($VIX) which closed at 27.62, a 74.04% increase. The chart of the S&P 500 vs. the VIX below shows how big of a move it experienced on Wednesday. 

FIGURE 4. S&P 500 VS. THE CBOE VOLATILITY INDEX ($VIX). Spikes in the VIX are accompanied by a pullback in the S&P 500. Chart source: StockCharts.com. For educational purposes. A spike of such a magnitude occurred in early August, which is when the S&P 500 pulled back and resumed a very optimistic uptrend. 

Despite the spike in the VIX, investors weren’t flocking to “risk-off” investments. Gold and silver prices fell as did cryptocurrency prices. Treasury yields rose with the 10-year yield at 4.494% and the US dollar surged against other major currencies, especially the euro. 

The Bottom Line

Now that the last FOMC meeting for the year is behind us, there’s not much remaining in terms of economic data except the November Personal Consumption Expenditure (PCE) on Friday. There’s also the Santa Claus Rally to look forward to. So if Wednesday’s chaotic price action is an opportunity to buy the dip, i.e., if the indexes reverse without falling past critical support levels, you could make some end-of-year trades that could turn profitable as we head into the new year.



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.

The returning head of the House Republican campaign committee says President-elect Trump’s convincing 2024 White House victory gives the GOP plenty of home field advantage as the party aims to defend its razor-thin majority in the 2026 midterm elections.

‘The battlefield is really laying out to our advantage. There are 14 Democrats who won seats also carried by Donald Trump. There are only three Republicans in seats that were carried by Kamala Harris. So that tells me we’re going to be on offense,’ National Republican Congressional Committee chair Rep. Richard Hudson emphasized in a recent Fox News Digital interview.

Trump carried all seven crucial battleground states and, for the first time in three presidential elections, won the national popular vote as he defeated Vice President Harris last month.

The Republicans also flipped control of the Senate from the Democrats, and even though they had a net loss of two seats in the 435-member House, they’ll hold a fragile 220-215 majority when the new Congress convenes next month.

Eight years ago, when Trump first won the White House and the GOP held onto their House majority, Democrats targeted roughly two-dozen Republicans in the 2018 midterms in districts Trump lost in the 2016 election.

The Democrats, in a blue-wave election, were successful in flipping the House majority. 

Fast-forward eight years, and it’s a different story, as this time Republicans will be defending seats on friendly turf in districts that the president-elect carried.

‘There’s a whole lot more opportunity for us to go on offense,’ Hudson, who’s represented a congressional district in central North Carolina for a dozen years, touted.

Hudson also made the case that House Republicans who will once again be targeted by the Democrats in the upcoming election cycle are ‘really battle tested. I mean, they’re folks who’ve been through the fire before. They’ve gone through several cycles now with millions of dollars spent against them.’

‘They’ve been able to succeed because they work very hard in their districts. They’ve established very strong brands, as you know, people who know how to get things done and how to deliver for their community,’ he emphasized. ‘The Republicans who are in tough seats are our best candidates.’

The three House Republicans who are in districts that Harris carried last month are Reps. Don Bacon of Nebraska, Brian Fitzpatrick of Pennsylvania, and Mike Lawler of New York.

But there will be a big difference in 2026: Trump, who helped drive low propensity voters to the polls this year, won’t be on the ballot in the 2026 midterms. 

‘I certainly would rather have him on the ballot because he turns out voters that don’t come out for other candidates,’ Hudson acknowledged.

But he argued, ‘If you look at the way this race is shaping up, we campaigned on a key set of issues of things that we promised we would deliver. If we deliver those things and have Donald Trump there with us campaigning with our candidates, I believe we can drive out a higher percentage of those voters than we have in midterms in the past.’

Hudson said Trump ‘was a great partner’ with House Republicans this year and will be again in the upcoming election cycle.

‘[Trump] cares deeply about having a House majority because he understands that a Democrat House majority means his agenda comes to a grinding halt. And so he’s been very engaged, was a very good partner for us this last election, and I anticipate that continuing.’

Hudson, who is returning for a second straight cycle chairing the NRCC, said that at the top of his committee to-do list are candidate recruitment and fundraising.

‘I mean, first thing, we’ve got to go out and recruit candidates. You know, candidate quality matters. And then we’ve got to go raise the money. And so I’ll be on the road and be out there helping our incumbents. But I’m looking forward to it,’ he emphasized.

Fox News’ Emma Woodhead contributed to this report

Editors note: Fox News Digital also interviewed Democratic Congressional Campaign Committee chair Rep. Suzan DelBene of Washington. That report will be posted on Friday.


This post appeared first on FOX NEWS

: Sen. Joni Ernst, R-Iowa, the leader of the Senate Department of Government Efficiency (DOGE) Caucus, is hoping to take on the centralization of the federal workforce in the Washington, D.C., area with a new bill that would relocate nearly a third of workers. 

Ernst is leading a bill, titled the ‘Decentralizing and Re-organizing Agency Infrastructure Nationwide To Harness Efficient Services, Workforce Administration, and Management Practices Act,’ or DRAIN THE SWAMP. 

The measure would authorize the Office of Management and Budget (OMB) to relocate 30% of federal agency staff to places other than the metropolitan area surrounding Washington, D.C. 

Additionally, the rest of the federal workers remaining around the capital would be required to work in person 100% of the time. 

Under her bill, the OMB would further be directed to work to sell the unnecessary office space created by the relocations. 

‘My investigations have exposed how bureaucrats have been doing just about everything besides their job during the workday,’ Ernst said in a statement ‘Federal employees have shown they don’t want to work in Washington, and in the Christmas spirit, I am making their wish come true. Instead of keeping them bogged down in the swamp, I’m working to get bureaucrats beyond the D.C. beltway to remind public servants who they work for.’

‘In addition to improving government service for all Americans, we can give taxpayers an extra Christmas gift by selling off unused and expensive office buildings.’

Ernst has long been investigating federal government agencies and programs and what she deems as waste. With Donald Trump’s announcement of DOGE ahead of his second administration, the Iowa Republican appears ready to hit the ground running with specific ideas already laid out for the president-elect. 

Companion legislation is being introduced in the House by Rep. Aaron Bean, R-Fla., who is a co-leader of the lower chamber’s DOGE caucus. 

‘The swamp is thick and deep here in Crazy Town, and I’m here to drain it. It is time to remind Washington that our duty is to serve the American people. I’m proud to join Senator Ernst to ensure the government works for the people, not the other way around,’ he said in a statement. 

In November, Trump announced that billionaire Elon Musk and former presidential candidate Vivek Ramaswamy would lead DOGE, a proposed advisory board tasked with eliminating government waste.

‘Together, these two wonderful Americans will pave the way for my Administration to dismantle Government Bureaucracy, slash excess regulations, cut wasteful expenditures, and restructure Federal Agencies – Essential to the ‘Save America’ Movement,’ he wrote in a statement at the time. 

Afterward, caucuses were formed in both the House and Senate, led by Reps. Aaron Bean, R-Fla., and Pete Sessions, R-Texas, and Ernst and Blake Moore, R-Utah, respectively. 

Republicans in both chambers have already started rolling out a slate of bills aimed at fulfilling the mission of DOGE. 


This post appeared first on FOX NEWS

Investor and author Gianni Kovacevic shared his thoughts on copper market dynamics, saying that while the long-term trend is up, speculators can create significant shorter-term prices moves.

He also mentioned three copper companies he’s interested in right now: CopperNico Metals (TSX:COPR,OTCQB:CPPMF), Entree Resources (TSX:ETG,OTCQB:ERLFF) and Horizon Copper (TSXV:HCU,OTCQX:HNCUF).

In addition to copper, Kovacevic spoke about the growing opportunity he sees in lithium, highlighting how major miners like Rio Tinto (ASX:RIO,NYSE:RIO,LSE:RIO) are increasing their exposure to this important battery metal.

‘We are going to have a supply shortage. Not in the distant future — in the next 18 to 36 months it’ll be a front-page story, and it will be dovetailed with … oil and gas. And with that comes the oil and gas investor,’ he said.

Explaining his view, Kovacevic said oil and gas companies are becoming interested in direct lithium extraction.

Watch the interview above for more from Kovacevic on copper and lithium, as well as Donald Trump’s second term.

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

This post appeared first on investingnews.com

Investor Insight

Jindalee Lithium’s flagship McDermitt Lithium Project (McDermitt) offers investors exposure to a generational, high-margin critical minerals asset. The recently completed Pre-Feasibility Study (PFS) demonstrates robust economics, positioning McDermitt as a key enabler of North America’s clean energy transition and a cornerstone of the US critical minerals strategy to de-risk supply chains through increased domestic production.

Overview

Jindalee Lithium (ASX:JLL,OTCQX:JNDAF) is a pure-play lithium company with a strategic focus on the United States. Its 100 percent-owned McDermitt Lithium Project is the largest lithium deposit in the US, boasting a resource of 21.5 million tons (Mt) of lithium carbonate equivalent (LCE).

Backed by a recently released (November 2024) Pre-Feasibility Study (PFS) demonstrating very compelling economics, McDermitt is poised to play a crucial role in meeting North America’s growing lithium demand for battery materials.

As the US continues to transition to clean energy, demand for lithium is expected to exponentially increase. Jindalee’s McDermitt project, located in southeast Oregon, is a game-changer for North American lithium supply, critical for meeting the demands of a fast-growing electric vehicle and renewable energy industries with specific emphasis on developing and de-risking domestic supply chains.

McDermitt also stands to significantly benefit from the US government’s policies and incentives to boost domestic supply of critical resources. In fact, in a move that signifies the US government’s support of the McDermitt Project, the US Department of Energy’s Ames National Laboratory signed a Cooperative Research and Development Agreement (CRADA) with Jindalee’s subsidiary HiTech Minerals to develop cutting-edge extraction methods for McDermitt. Under this agreement the US Department of Energy (DOE) will fund work aimed at reducing costs and improving sustainability outcomes for the Project. The Ames National Laboratory spearheads the DOE’s Critical Materials Innovation Hub. Jindalee is also advancing an application for a grant from the US Department of Defense, which has the potential to co-fund a feasibility study and associated work programs at McDermitt.

Key milestones in the US lithium resource space also provide significant insights into the future prospects for McDermitt. Lithium Americas’ (TSX:LAC), has received a US$945 million commitment from General Motors, to fund the development, construction and operation of the Thacker Pass project in Humboldt County, Nevada, located 30km away from and in the same geological formation as Jindalee’s McDermitt Lithium Project. LAC has also closed a $2.3 billion US Department of Energy loan in late 2024 to fund approximately 75 percent of the construction capital cost (US$2.93B).

Another lithium resource developer in Nevada, Australia-based Ioneer (ASX:INR) is expected to receive a total investment of US$700 million through a new joint venture with Sibanye Stillwater, in addition to a conditional loan commitment of US$650 million from the US Department of Energy, both acting to strengthen the development of its flagship Rhyolite Ridge lithium-boron project.

In late 2024, ASX-listed company Patriot Battery Metals Inc (ASX:PMT) announced a C$69 million investment, strategic partnership and offtake agreement with global automotive group Volkswagen which aims underpin the development of Patriot’s upstream lithium project in Quebec, Canada.

These are just a few examples of current market dynamics that point to rapidly accelerating lithium resource development in the US and Canada demonstrating the investment appetite of strategic partners, as well as support from the US government via low-cost concessional debt funding.

An experienced management team, with the right blend of experience and expertise in project development, corporate administration and international finance provides Jindalee with the leadership to fully capitalise on the potential of its assets.

Company Highlights

  • Jindalee Lithium is focused on its wholly owned flagship McDermitt Lithium Project, currently the largest lithium deposit in the US
  • A PFS for McDermitt – delivered in November 2024 – supports very strong project economics, including a US$3.23 post-tax NPV and a 5 year capital payback period over a 63 year project life
  • Jindalee’s McDermitt Lithium Project seeks to assist in the development of US critical minerals supply chains to enable America to meet its energy security and electrification goals
  • Jindalee’s wholly owned US subsidiary HiTech Minerals has executed a strategic Cooperative Research and Development Agreement (CRADA) with the US Department of Energy (DOE) as part of the DOE’s Critical Materials Innovation (CMI) Hub
  • McDermitt is located in the same geological formation and is of similar size and scale to Lithium Americas’ Thacker Pass Project, which is backed by major investments from General Motors and the US Department of Energy and is currently under construction
  • McDermitt is eligible for a wide range of government incentives including tax credits, grants and concessional loans. Jindalee is currently progressing a grant application with the Department of Defense to potentially co-fund a feasibility study at McDermitt
  • In collaboration with lead engineer Fluor, Jindalee has produced battery grade lithium carbonate from McDermitt’s lithium bearing ore in metallurgical testwork.
  • Experienced management team is focused on maximising the potential of Jindalee’s assets.

Key Project

McDermitt Lithium Project Economics

Jindalee

The economic metrics revealed in the PFS paint a compelling picture of the McDermitt Lithium Project’s potential:

Production Capacity: The Project is set to produce 1.8 Mt of battery-grade lithium carbonate over its first 40 years, with an annual output forecast of 47,500 tonnes per annum (tpa) in the initial 10 years, and averaging 44,300 tpa over the first 40 years.

Financial Metrics: The Project boasts a post-tax net present value (NPV) of US$3.23 billion at an 8 percent discount rate, with an internal rate of return (IRR) of 17.9 percent. These figures underscore the Project’s strong economic viability.

Payback Period: Investors can expect a payback period of less than five years, a relatively short timeframe for a project of this magnitude.

Robust margins: Exceptional EBITDA margins of 66 percent over the first 10 years of operations, with C1 costs in the bottom half of industry and 17 percent pre-tax net operating cashflow margins (including sustaining capital) at current bottom of the cycle spot prices (October 2024 spot of US$10,888/t of lithium carbonate)

Significant future upside. Several opportunities identified in the PFS have potential to significantly enhance returns, which includes process optimisation to reduce opex/capex as well as potential for production of by-products. Additionally, there remains significant optionality to further exploit the ore body, with only ~15 percent of the current resource included in the PFS schedule (on contained metal basis).

The PFS estimates a total project cost of US$3.02 billion, which includes a conservative 21 percent contingency provision estimated on P70 basis (70 percent probability total capital cost will be lower), prepared by US headquartered global engineering and construction firm, Fluor Corporation. This substantial investment is expected to provide the platform for a long life, stable supply of domestically sourced battery grade lithium chemicals, which is expected to be highly attractive to partners in the battery value chain.

Project Overview

Location of Jindalee

The McDermitt Project is located in Malheur County on the Oregon-Nevada border and is approximately 35 kilometres west of the town of McDermitt. The 100-percent-owned asset covers 54.6 square kilometres of claims at the northern end of the McDermitt volcanic caldera.

The Project is characterised by its unique sedimentary lithium deposits, primarily composed of lithium-bearing clays, a geological formation that sets McDermitt apart from many other lithium projects worldwide. This sedimentary nature of the deposit offers several advantages, including:

  • Consistent grade distribution throughout the ore body
  • Potential for large-scale, low-cost mining operations
  • Amenability to environmentally friendly extraction methods

The lithium-rich clays at McDermitt are part of a broader geological context that includes volcanic tuffs and sedimentary rocks. This geological setting is indicative of a complex depositional history, which has resulted in the concentration of lithium in economically viable quantities.

The 2023 mineral resources estimate (MRE) for McDermitt contains a combined indicated and inferred mineral resource inventory of 3 billion tonnes at 1,340 parts per million (ppm) lithium for a total of 21.5 Mt LCE at 1,000 ppm cut-off grade. As part of the PFS, a maiden ore reserve estimate was declared of 251 @1,761 ppm Lithium fir 2.34 Mt LCE (representing only ~11 percent of MRE)

Gigafactories surrounding Jindalee

Project Highlights:

  • Rare Sediment-hosted Lithium Deposits: The McDermitt asset supports low-cost mining operations due to its flat-lying sediments. This type of lithium deposit is amenable to low-cost mining operations, while still producing excellent metallurgical results.
  • Low cost mining. Ore is soft, free-digging material, located at surface with a strip ratio of only 1.3 over project life. As a result mining costs are relatively low.
  • Fluor recommended processing route: In March 2023, US engineering group Fluor reviewed all testwork undertaken at McDermitt and recommended beneficiation and acid leaching as the optimal processing route (similar to that used by more advanced peers in the region).
  • High metallurgical recovery. PFS test work demonstrated exceptional recoveries through beneficiation and acid leaching steps, with an average metallurgical recovery of 84.4 percent over first 40 years, comparing favourably to industry peers.

Management Team

Ian Rodger – Chief Executive Officer

Ian Rodger is a qualified mining business executive with almost 15 years of experience in various roles including as a mining engineer for Rio Tinto across two large greenfield mine developments, before successfully transitioning into mining corporate finance where he held Executive and Director positions at RFC Ambrian overseeing origination and management of numerous mandates across a range of corporate advisory roles. Ian was the project director for Oz Minerals (ASX:OZL) where he made significant contributions to successfully define the value potential of the West Musgrave nickel/copper province through the delivery of a portfolio of growth studies. Most notably, he led technical, market and partnership development workstreams, successfully confirming value potential for producing an intermediate Nickel product for the battery value chain.

Ian holds a Bachelor of Mining Engineering from the University of Queensland, a Masters of Mineral Economics from Curtin University and is also a graduate of the Australian Institute of Company Directors and member of the Australasian Institute of Mining and Metallurgy.

Lindsay Dudfield – Executive Director

Lindsay Dudfield is a geologist with over 40 years of experience in multi-commodity exploration, primarily within Australia. He held senior positions with the mineral divisions of Amoco and Exxon. In 1987, he became a founding director of Dalrymple Resources NL and spent the following eight years helping acquire and explore Dalrymple’s properties, leading to several greenfield discoveries. In late 1994, Lindsay joined the board of Horizon Mining NL (Jindalee Lithium’s predecessor) and has been responsible for managing Jindalee Lithium since inception. Lindsay is a member of the Australasian Institute of Mining and Metallurgy, the Australian Institute of Geoscientists, the Geological Society of Australia and the Society of Economic Geologists. He is also a non-executive director of Jindalee spin-out companies Energy Metals (ASX:EME), Dynamic Metals (ASX:DYM) and Alchemy Resources (ASX:ALY).

Wayne Zekulich – Non-executive Chair

Wayne Zekulich was appointed to the board as Chair on 1 February 2024. He holds a Bachelor of Business and is a fellow of the Institute of Chartered Accountants. Zekulich is a consultant and non-executive director who has substantial experience in advising, structuring and financing transactions in the infrastructure and resources sectors. He was previously the head of Rothschild in Perth, chief financial officer of Gindalbie Metals Limited, chief development officer of Oakajee Port and Rail and a consultant to a global investment bank. Currently, he is chair of Pantoro (ASX:PNR) and non-executive director of the Western Australian Treasury Corporation. In the not-for-profit sector, he is the past chair of the Lester Prize and is a mentor in the Kilfinan program.

Darren Wates – Non-executive Director

Darren Wates is a corporate lawyer with over 23 years of experience in equity capital markets, mergers and acquisitions, resources, project acquisitions/divestments and corporate governance gained through private practice and in-house roles in Western Australia. Darren is the founder and principal of Corpex Legal, a Perth-based legal practice providing corporate, commercial and resources related legal services, primarily to small and mid-cap ASX listed companies. In this role, he has provided consulting general counsel services to ASX listed company Neometals (ASX:NMT) since 2016, having previously been employed as legal counsel of Neometals. Darren holds Bachelor’s degrees in Law and Commerce and a Graduate Diploma in Applied Finance and Investment.

Paul Brown – Non-executive Director

Paul Brown has over 23 years of experience in the mining industry, most recently with Mineral Resources (ASX:MIN) where he was chief executive – lithium, and chief executive – commodities. Paul has held senior operating roles with Leighton, HWE and Fortescue (ASX:FMG) and has a strong track record in technical leadership, project/studies management, and mine planning and management. Paul is currently CEO of Core Lithium Limited (ASX:CXO). He holds a Master in Mine Engineering.

Brett Marsh – VP Geology and Development (US)

Brett Marsh is an AIPG certified professional geologist and a registered member of the Society for Mining, Metallurgy and Exploration (SME) with over 25 years of diverse mining and geological experience. He has worked for and held senior leadership roles for Kastan Mining, Luna Gold, Kiska Metals, Newmont, Freeport-McMoRan, Phelps Dodge, ASARCO and consulted to deliver numerous NI 43-101 technical reports. Brett has demonstrated the ability to deliver results in culturally diverse and geographically difficult environments, such as Brazil, Peru, Chile, Democratic Republic of Congo, Ghana, Tanzania, Indonesia, Australia, and has also worked in remote areas of Alaska. He has managed all phases of the mining lifecycle including greenfield and brownfield exploration, project development (including preliminary economic assessments, pre-feasibility and feasibility), project construction, mine operations, and environmental. He successfully led multi-cultural teams to develop business processes and implementation plans for many mine development and operational projects.

This post appeared first on investingnews.com

The United Nations has designated 2025 as the year of quantum science and technology, highlighting the profound impact that technological advancements are poised to have on the world.

The increasing prevalence of artificial intelligence (AI) across a wide array of industries has spurred significant investment in the sector over the last two years as the world’s largest tech firms jump in. As AI continues to evolve, many investors are wondering if 2025 will be a pivotal year when these investments begin to show significant returns.

How will AI affect the stock market in 2025?

2024 was marked by concerns over the dominance and high valuations of the Magnificent 7, and heading into 2025, investors are keenly watching how these companies will influence the broader stock market.

Citigroup (NYSE:C) analysts have a generally positive outlook for 2025, noting that the Magnificent 7 aren’t trading at unprecedented valuations; rather, the other S&P 500 (INDEXSP:.INX) stocks are at a higher risk.

Essentially, the US stock market is priced for perfection, leaving it susceptible to a correction triggered by rising interest rates, disappointing earnings or a broader economic slowdown.

For its part, BNY asserts that the Magnificent 7 may actually be undervalued relative to their future growth potential. While acknowledging the record-high profit margins in the tech sector, the firm contends that valuations relative to the rest of the market are cheaper than during similar periods of technological advancement in history.

Further, the expectation of continued profit margin expansion and earnings growth fueled by ongoing AI innovation supports the notion of further upside potential for tech stocks.

AI juggernaut NVIDIA’s (NASDAQ:NVDA) sustained profitability underscores its dominant market position and ability to efficiently capitalize on the surging demand for its products.

Goldman Sachs (NYSE:GS) analysts believe the Magnificent 7 will continue to outperform the rest of the S&P 500 in 2025, but only by 7 percentage points, the lowest amount in seven years. The firm sees various elements, including macro factors like US growth and trade policy, favoring the ‘S&P 493.’

David Rosenberg, founder of independent research firm Rosenberg Research and Associates, expressed to the Globe and Mail on December 5 that he has shifted his perspective on the US stock market.

Rather than focusing on reasons for its overvaluation and bearish indicators, he aims to understand the underlying factors driving the market’s behavior over the past two years.

“The market is telling us that we are in a ‘Model Shift’ when it comes to future growth and profits,” he explained. “Traditional valuation methods, like price-to-earnings ratios, are backward-looking and may not be suitable in this environment. Investors are focused on long-term potential, particularly in areas like AI, and are willing to pay a premium for it. The current surge in AI might resemble the dot-com bubble, but it could take years to confirm.’

He added that interest rate cuts from the US Federal Reserve would support higher valuations.

BNY also points to historical data showing that an environment of easing monetary policy tends to coincide with economic growth, with an average of 16.5 percent growth in the year following initial rate cuts since 1984. It suggests that S&P 500 earnings growth will be between 10 to 15 percent in 2025, with the index reaching around 6,600 in 2025. Although this represents slower growth compared to 2024, it still indicates continued expansion.

While Rosenberg is mindful of near-term risks, such as weakness in the US labor market and the likelihood of profit-taking and early rebalancing, he emphasized the importance of keeping an open mind in 2025.

In his view, it’s key for investors to learn from the mistakes of the past year, such as overreacting to short-term volatility and underestimating the potential of transformative technologies.

Profitability in focus as AI improvement rate slows

While Big Tech pours billions into AI development, the question of profitability in 2025 hangs in the balance.

Google (NASDAQ:GOOGL) is prioritizing long-term AI dominance over short-term gains. The company’s aggressive AI spending is expected to continue in 2025, potentially impacting immediate revenue growth.

Similarly, Meta (NASDAQ:META) is heavily investing in AI, with a projected US$1 billion increase in capital expenditures for 2024. CFO Susan Li acknowledged in the company’s earnings call for Q3 of this year that both depreciation and operating expenses will grow next year as Meta expands its AI infrastructure and product line.

Overall, the AI landscape in 2025 hinges significantly on whether Big Tech can deliver on its ambitious promises, and recent commentary suggests that the rate of AI improvement may be slowing down. Several AI investors, founders and CEOs told TechCrunch in November that the focus may shift to efficiency and specialized AI solutions.

Test-time compute, which gives AI models more time to “think” before answering a question, emerged as part of the new era of scaling laws toward the end of 2024. Scaling laws are described by TechCrunch as the methods and expectations that labs have used to increase the capabilities of their models.

This development has fueled a growing belief — held by experts like Anthropic CEO Dario Amodei and OpenAI CEO Sam Altman — that artificial general intelligence (AGI) may be closer than previously anticipated.

Beyond the evolution of scaling laws, Konstantine Buhler of Sequoia Capital told Bloomberg News that 2025 is poised to be a breakout year for AI agents. These sophisticated programs, capable of independently performing tasks and making decisions, have the potential to revolutionize how we interact with technology and automate complex processes.

While the transformative potential of AI spans countless industries, the scale and timing of substantial returns remain uncertain as we navigate this uncharted technological territory.

AI hardware and infrastructure developments to watch

Regardless of the exact timeline or nature of AGI’s arrival, one thing is certain: the race to develop and deploy advanced AI is driving an insatiable demand for powerful hardware, and key companies are stepping up.

“While the mega-cap cloud companies will capture a lot of future revenue opportunities for AI, they are still in spending mode right now. They’re spending heavily on semiconductors, data center infrastructure, and energy,” Nicholas Mersch, associate portfolio manager at Purpose Investments, wrote in a July market commentary note.

The buildout is ongoing, and Big Tech’s latest round of quarterly reports indicates no immediate slowdown in infrastructure spending. This dynamic positions key hardware players like Taiwan Semiconductor Manufacturing Company (NYSE:TSM), NVIDIA and Broadcom (NASDAQ:AVGO) for potentially stronger near-term returns.

For its part, Goldman Sachs predicts that investor focus will now shift from AI infrastructure to a wider “Phase 3” of AI application deployment and monetization. Companies of interest include software and services firms.

Lux Research highlights two primary models: the monopoly model and the ‘walled garden’ approach.

Companies like NVIDIA, Meta and Microsoft are pursuing a monopoly strategy, aiming to capture a large market share and maximize value extraction from a broad user base. Challenges include competition and pressure to keep prices low.

Companies can also adopt a ‘walled garden’ approach, similar to Apple’s (NASDAQ:AAPL) ecosystem, which prioritizes a smaller, more engaged user base. By providing premium features and exclusive content, companies can increase value generated per user. This model may face challenges in achieving the same level of scale as the monopoly model.

Investor takeaway

The outlook for the tech sector and the broader stock market in 2025 is cautiously optimistic.

AI is expected to continue playing a pivotal role, with the race for AI dominance fueling investments in infrastructure and innovation, and positioning key hardware and software players for potential gains.

However, the profitability of AI investments remains to be seen. Companies’ ability to adapt and capitalize on emerging opportunities will be crucial for sustained success in the dynamic landscape of 2025.

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

This post appeared first on investingnews.com

(TheNewswire)

Troy Minerals Inc.

TheNewswire – Troy Minerals Inc. (‘ Troy ‘ or the ‘ Company ‘ ) (CSE: TROY; OTCQB: TROYF; FSE: VJ3) announces a private placement financing of up to 4,166,666 flow-through common shares (the ‘ Shares ‘) of the Company at a price of $0.24 per Share for gross proceeds of up to $1,000,000 (the ‘ Offering ‘).

Proceeds of the Offering will be used towards advancing the Company’s current mineral projects. Closing is expected to occur on or about December 24, 2024.

ON BEHALF OF THE BOARD,

Rana Vig | CEO and Director

Telephone: 604-218-4766 rana@ranavig.com

The Canadian Securities Exchange has not reviewed this press release and does not accept responsibility for the adequacy or accuracy of this news release.

Certain information contained herein constitutes ‘forward-looking information’ under Canadian securities legislation. Forward-looking information includes, but is not limited to, the completion of the Offering, size of the Offering, and intended use of funds. Generally, forward-looking information can be identified by the use of forward-looking terminology such as ‘will’ or variations of such words and phrases or statements that certain actions, events or results ‘will’ occur. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are from those expressed or implied by such forward-looking statements or forward-looking information subject to known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different, including receipt of all necessary regulatory approvals. Although management of the Company have attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to 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 and forward-looking information. The Company will not update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws.

Not for distribution in the U.S. or to U.S. Newswire services.

Copyright (c) 2024 TheNewswire – All rights reserved.

News Provided by TheNewsWire via QuoteMedia

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House GOP leaders appear to be searching for a backup plan after an initial bipartisan deal to avoid a partial government shutdown on Friday was buried in an avalanche of conservative opposition.

The legislation angered conservatives in both the House and Senate, as well as President-elect Trump’s pick to co-chair his Department of Government Efficiency (DOGE), Elon Musk.

As Musk called for lawmakers who supported the bill to lose their seats, Trump’s presidential transition team released an official joint statement by Trump and Vice President-elect JD Vance opposing the initial iteration of the deal.

The bill was expected to get a vote sometime Wednesday afternoon, but a planned round of late afternoon votes was canceled. Instead, senior Republicans are huddling in the speaker’s office to chart a path forward, less than 24 hours after the legislation was unveiled.

Rep. Anna Paulina Luna, R-Fla., told reporters while leaving Johnson’s office in the early evening, ‘There will be a new CR likely tomorrow. They are negotiating right now. But there will be no votes this evening.’

Rep. Andy Barr, R-Ky., told reporters a short while later he anticipated a ‘skinny’ CR without disaster aid or agricultural subsidies.

It came after GOP critics of the spending bill spent much of the day attacking Johnson’s handling of the issue.

The 1,547-page bill is a short-term extension of fiscal year (FY) 2024 government funding levels, aimed at giving lawmakers more time to agree on funding the rest of FY 2025 by the Friday deadline.

It’s the second such extension, called a continuing resolution (CR), since FY 2024 ended on Sept. 30.

In addition to funding the government through March 14, the bill includes more than $100 billion in disaster aid to help Americans affected by Hurricanes Milton and Helene. It also includes an $10 billion in economic relief for farmers, as well as health care reform measures and a provision aimed at revitalizing Washington, D.C.’s RFK stadium and its surrounding campus.

Members of the ultra-conservative House Freedom Caucus said they felt blindsided by what they saw as unrelated policy riders being added to the bill in last-minute negotiations.

Several GOP lawmakers granted anonymity to speak freely said Johnson would see challenges to his speakership bid in early January over the matter.

But Johnson defended the deal on ‘Fox & Friends’ Wednesday morning.

‘When we start the new Congress in January, when Republicans are in control … we’re going to be able to scale back the size and scope of government. But before we get to that point, remember right now, we only control one half of one third of the federal government. Remember, Democrats are still in charge of the Senate and the White House. So, what we’ve done is the conservative play call here,’ he said.

Opponents of the legislation include Elon Musk, who posted on X, ‘Any member of the House or Senate who votes for this outrageous spending bill deserves to be voted out in 2 years!’

He later called on Republicans to leverage a partial government shutdown. 

”Shutting down’ the government (which doesn’t actually shut down critical functions btw) is infinitely better than passing a horrible bill,’ he suggested.

Trump and Vance called for Republicans to reject the deal and instead opt for a CR paired with an increase in the U.S. debt limit, which was suspended until January 2025.

‘Increasing the debt ceiling is not great but we’d rather do it on Biden’s watch. If Democrats won’t cooperate on the debt ceiling now, what makes anyone think they would do it in June during our administration? Let’s have this debate now. And we should pass a streamlined spending bill that doesn’t give Chuck Schumer and the Democrats everything they want,’ the statement said.

But simply bowing to his right flank may not get Johnson out of the woods, with Democrats warning him to not renege on their deal.

‘House Republicans have been ordered to shut down the government. And hurt the working class Americans they claim to support. You break the bipartisan agreement, you own the consequences that follow,’ House Minority Leader Hakeem Jeffries, R-N.Y., wrote on X.

Johnson was always likely to need Democratic help to pass a CR, given his slim margins in the House and widespread opposition to short-term funding extensions within the GOP.

But it’s not clear if the number of Democrats willing to break ranks will offset that Republican opposition. 

House leaders will also have to decide whether to put the bill through regular order, which will include a House Rules Committee vote followed by a House-wide procedural vote before lawmakers can weigh in on the measure itself. Or they could bypass that and rush the bill onto the House floor in exchange for raising the threshold for passage to two-thirds rather than a simple majority.

All the while, the clock is ticking until the partial government shutdown deadline at the end of Friday.


This post appeared first on FOX NEWS

While the S&P 500 and Nasdaq 100 have been holding steady into this week’s Fed meeting, warning signs under the hood have suggested one of two things is likely to happen going into Q1.  Either a leadership rotation is amiss, with mega cap growth stocks potentially taking a back seat to other sectors, or a risk-off rotation is coming where investors rotate to defensive positions.

A quick review of the Bullish Percent Indexes can help us review how the resilience of the markets can be attributed to the continued strength of the Magnificent 7 and related names.  Today we’ll compare breadth conditions for the S&P 500 and Nasdaq 100, and update some key levels to watch into year-end and beyond.

The S&P 500 Bullish Percent Index is a breadth indicator driven by point and figure charts.  This data series basically reviews 500 point & figure charts and shows what percent of the stocks have most recently generated a buy signal.  I’ve found the Bullish Percent indexes to be most valuable around major market tops, because a downturn in a breadth indicator such as this can only happen if lots of stocks are pulling back in a fairly significant fashion.

Here we’re showing the S&P 500 index for the last 12 months along with the Bullish Percent Index for the S&P 500 as well as the BPI for the Nasdaq 100.  Note that toward the end of September, the S&P 500’s BPI was around 80% while the Nasdaq’s was around 70%.  

Going into this week, the S&P 500’s BPI had pushed down to around 60%, while the Nasdaq 100’s BPI was still around that 70% level.  This change of character is due to the fact that large cap growth stocks have remained largely constructive, while some of the most important breakdowns we’ve witnessed in recent weeks have been in more value-oriented sectors.

This divergence between the two Bullish Percent Indexes tells us that the S&P 500 and Nasdaq 100 have not remained strong because of broad support from a variety of sectors, but more because of concentrated support from a limited number of growth sectors like technology.

As the market is reeling this week in reaction to the Fed’s expectations for further rate cuts into early 2025, we can see that both of the Bullish Percent Indexes have now pushed below the 50% level for the first time since the August market correction.  This means we need to focus on a key “line in the sand” for the S&P 500 and to attempt to better define market conditions.

The SPX 5850 level has been the most important support level in my work, based on the fact that a break below that key pivot point would mean the S&P 500 has made a lower low.  We haven’t seen that sort of short-term weakness since the August pullback.  While the initial downturn post-Fed has pushed the SPX down toward the 5850 level, we would need to see a confirmed break below that point to unlock potential further downside targets.

Our latest video on StockCharts TV breaks down the Bullish Percent Index chart above, along with four key stocks reporting earnings this week.  While those charts will all most likely be affected by this week’s Fed announcement, earnings still matter!  I will be watching important levels of support in all four of those names, and I’d encourage you to leverage the alert capabilities on StockCharts to ensure you don’t miss the next big move!


RR#6,

Dave

PS- Ready to upgrade your investment process?  Check out my free behavioral investing course!

David Keller, CMT

President and Chief Strategist

Sierra Alpha Research LLC

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.  

The author does not have a position in mentioned securities at the time of publication.    Any opinions expressed herein are solely those of the author and do not in any way represent the views or opinions of any other person or entity.