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June 2025

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Metaplanet buys 1,005 BTC, issues over $200M in 0% bonds to acquire more Bitcoin

3 Mins Read

Japan’s Metaplanet Inc. has intensified its aggressive Bitcoin (BTC) strategy, acquiring an additional 1,005 BTC and issuing ¥30 billion in zero-interest ordinary bonds to expand its holdings even further.

The Tokyo-based company disclosed the move in a public filing on June 30, confirming that it spent ¥15.648 billion (approximately $108 million) to complete the latest purchase at an average price of ¥15,569,831, or around $107,430 per Bitcoin.

Metaplanet’s BTC holding has surged past Galaxy Digital and CleanSpark

With this latest acquisition, Metaplanet’s total Bitcoin holdings now stand at 13,350 BTC, valued at over $1.4 billion at current market prices.

Metaplanet has officially become the fifth-largest corporate holder of Bitcoin, overtaking both Galaxy Digital, which holds 12,830 BTC, and CleanSpark, with 12,502 BTC.

This leap comes just a week after the company surpassed Tesla in total Bitcoin reserves, highlighting Metaplanet’s rapid rise among top public BTC holders worldwide.

Just three months ago, the firm held only 3,350 BTC, meaning it has added an impressive 10,000 BTC in a span of weeks, showcasing its unparalleled accumulation pace.

CEO Simon Gerovich emphasised the speed of progress, noting that the firm hit its year-end goal of 10,000 BTC by June 16, far ahead of schedule.

Metaplanet has been funding the Bitcoin spree with 0% bonds

To support its ambitious accumulation strategy, Metaplanet has issued 18 series of 0% ordinary bonds, and it has now issued its 19th series of ordinary bonds worth ¥30 billion, or roughly $207 million, to EVO FUND.

The bonds, which carry zero interest and mature in December 2025, will partly refinance ¥1.75 billion in existing secured debt and partly fund further Bitcoin acquisitions.

This zero-interest bond issuance underlines investor confidence in Metaplanet’s long-term strategy and reflects institutional appetite for exposure to Bitcoin-linked growth without direct crypto risk.

Despite the absence of interest, the bond was swiftly secured, underscoring the unique positioning of Metaplanet in bridging traditional finance with digital assets.

Metaplanet shares jumped 10% after the announcement

Following the Bitcoin purchase news, Metaplanet’s stock surged over 10% on Monday, climbing to ¥1,647 per share, according to Google Finance data.

The stock has now gained 53.5% in the past month and is up a staggering 370.7% year-to-date, reflecting growing investor enthusiasm for its Bitcoin-centric strategy.

Even though Metaplanet remains Japan’s most shorted stock, the positive market reaction suggests a shift in sentiment as institutional and retail investors take note of its performance.

The BTC Yield, a key metric used by the company to track Bitcoin’s value growth per share, jumped from 95.6% to 129.4% in the April–June quarter, further validating its approach.

Looking beyond 2025 with the ‘555 Million Plan’

Metaplanet has made it clear that Bitcoin is more than a treasury asset—it’s a cornerstone of its business model and a hedge against inflation and fiat devaluation.

Earlier this month, the company launched its “555 Million Plan,” aiming to raise ¥555 billion ($5.4 billion) to accumulate 210,000 BTC by 2027, or 1% of Bitcoin’s total supply.

This goal marks a dramatic expansion from its earlier target of 21,000 BTC by 2026 and signals the company’s long-term commitment to becoming a global Bitcoin powerhouse.

Although scepticism persists, especially from traditional investors, Metaplanet’s transparency and pace of execution have drawn attention across markets.

As Bitcoin (BTC) trades around $107,786 and macroeconomic uncertainty lingers, Metaplanet’s bold strategy may continue to redefine corporate treasury management in Asia and beyond.

The post Metaplanet buys 1,005 BTC, issues over $200M in 0% bonds to acquire more Bitcoin appeared first on Invezz

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In Business

Divided Fed proposes rule to ease capital requirements for big Wall Street banks

3 Mins Read

The Federal Reserve on Wednesday proposed easing a key capital rule that banks say has limited their ability to operate, drawing dissent from at least two officials who say the move could undermine important safeguards.

Known as the enhanced supplementary leverage ratio, the measure regulates the quantity and quality of capital banks should be keeping on their balance sheets. The rule emanated from a post-financial crisis effort to ensure the stability of the nation’s largest banks.

However, in recent years as bank reserves have built and concerns have grown over Treasury market liquidity, Wall Street executives and Fed officials have pushed to roll back the requirements. The regulations targeted treat all capital the same.

“This stark increase in the amount of relatively safe and low-risk assets on bank balance sheets over the past decade or so has resulted in the leverage ratio becoming more binding,” Fed Chair Jerome Powell said in a statement. “Based on this experience, it is prudent for us to reconsider our original approach.”

The Fed board put the proposal open for a 60-day public comment window.

In its draft form, the measure would call for reducing the top-tier capital big banks must hold by 1.4%, or some $13 billion, for holding companies. Subsidiaries would see a larger drop, of $210 billion, which would still be held by the parent bank. The standard applies the same rules to so-called globally systemic important banks as well as their subsidiaries.

The rule would lower capital requirements to range of 3.5% to 4.5% from the current 5%, with subsidiaries put in the same range from a previous level of 6%.

Current Vice Chair for Supervision Michelle Bowman and Governor Christopher Waller released statements supporting the changes.

“The proposal will help to build resilience in U.S. Treasury markets, reducing the likelihood of market dysfunction and the need for the Federal Reserve to intervene in a future stress event,” Bowman stated. “We should be proactive in addressing the unintended consequences of bank regulation, including the bindingness of the eSLR, while ensuring the framework continues to promote safety, soundness, and financial stability.”

On the whole, the plan seeks to loosen up banks to take on more lower-risk inventory such as Treasurys, which are now treated essentially the same as high-yield bonds for capital purposes. Fed regulators essentially are looking for the capital requirements to serve as a safety net rather than a bind on activity.

However, Governors Adriana Kugler and Michael Barr, the former vice chair of supervision, said they would oppose the move.

“Even if some further Treasury market intermediation were to occur in normal times, this proposal is unlikely to help in times of stress,” Barr said in a separate statement. “In short, firms will likely use the proposal to distribute capital to shareholders and engage in the highest return activities available to them, rather than to meaningfully increase Treasury intermediation.”

The leverage ratio has come under criticism for essentially penalizing banks for holding Treasurys. Official documents released Wednesday say the new regulations align with so-called Basel standards, which set standards for banks globally.

This post appeared first on NBC NEWS

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In Politics

Tillis’ retirement announcement draws reactions from Trump critic Jeff Flake, Bernie Sanders: ‘A cult’

3 Mins Read

Former Senator Jeff Flake, one of President Donald Trump’s most vocal critics during his first administration, reacted to Sen. Thom Tillis’ retirement plans on Sunday.

Tillis, who was one of the most vulnerable Republicans in the 2026 cycle, had faced threats from Trump to endorse a challenger after Tillis voted against the president’s ‘big, beautiful bill,’ on Saturday night.

In an X post, Flake speculated that Tillis could have won re-election, but only if he took certain positions.

‘He could win again, but only by taking positions he doesn’t believe in,’ Flake, who served as U.S. ambassador to Turkey during the Biden administration, said.

‘It’s an honor to serve in the Senate — but not at any cost,’ he added.

Tillis said on Sunday that he plans to retire at the end of his term in 2026. In a statement, the North Carolina Republican referenced ‘the greatest form of hypocrisy in American politics.’

‘When people see independent thinking on the other side, they cheer,’ Tillis said. ‘But when those very same people see independent thinking coming from their side, they scorn, ostracize, and even censure.’

‘In Washington over the last few years, it’s become increasingly evident that leaders who are willing to embrace bipartisanship, compromise, and demonstrate independent thinking are becoming an endangered species,’ he added.

Tillis added that the choice broke down to either spending time with his family or navigating ‘the political theater and partisan gridlock,’ in Washington, D.C.

‘It’s not a hard choice, and I will not be seeking re-election,’ he said.

Senator Bernie Sanders, I-Vt., also reacted to Tillis’ announcement with a criticism of Trump.

‘I do not agree with N.C. Senator Thom Tillis on much. But he’s right on this,’ Sanders’ post began.

He added, ‘Trump’s Republican Party does not allow for independent thought. The Republican Party today is a cult. Either you do as Trump wants, or you’re out. Pathetic.’

On Saturday evening, Trump blasted Tillis as a ‘grandstander’ and expressed interest in interviewing potential primary challengers.

‘Numerous people have come forward wanting to run in the Primary against ‘Senator Thom’ Tillis,’ Trump said on Truth Social. 

‘I will be meeting with them over the coming weeks, looking for someone who will properly represent the Great People of North Carolina and, so importantly, the United States of America. Thank you for your attention to this matter!’ he added.

Fox News Digital’s Alex Miller contributed to this report.

This post appeared first on FOX NEWS

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In Stocks

Here’s why Coinbase stock price is about to explode higher

3 Mins Read

Coinbase stock price has surged by over 140% from its level in April, and is now hovering at its highest level since 2021 when it surged to its all-time high. Its market capitalization has jumped to over $90 billion, making it one of the top financial services companies in the US. This article explores why the COIN share price is about to explode higher soon. 

Coinbase stock price to explode as Bitcoin nears breakout

The main bullish catalyst for the Coinbase share price is the upcoming Bitcoin breakout after days of consolidation.

First, as the long-term chart below shows that Bitcoin sits slightly below the ascending trendline that connects the highest swings since December 2017. It failed to move above that level in April and November 2021, and January and May this year. 

Notably, Bitcoin has formed two rounded bottoms in this period. Therefore, my expectation is that the BTC price will eventually surge above the upper side of this ascending trendline. Such a move above the multi-year line will likely lead to more gains in the long term. 

BTC price chart | Source: TradingView

Read more: Bitcoin price prediction: BTC path to $300,000 revealed

Second, the shorter-timeframe Bitcoin price chart points to more gains in the coming weeks. It has formed a bullish flag pattern, comprising of a tall vertical line and a descending channel. This pattern normally leads to more gains over time.

Bitcoin has also created a cup-and-handle pattern, comprising of a rounded bottom and a consolidation. In this case, the consolidation is part of the handle section of the cup-and-handle pattern. 

Therefore, the most likely scenario is where the Bitcoin price stages a strong comeback in the near term. If this happens, Bitcoin could surge to at least $150,000 later this year. 

BTC price chart | Source: TradingView

Why COIN stock rises when Bitcoin is jumping

A strong Bitcoin price comeback is bullish for Coinbase for three main reasons. First, Coinbase shares often do well when Bitcoin is in a strong uptrend and drop when it is falling. This performance is usually because of the overall market sentiment.

Second, Coinbase is one of the biggest Bitcoin holders in Wall Street with over 9,260 coins currently valued at almost $1 billion. As such, Coinbase’s balance sheet improves when BTC is in an uptrend. 

Third, Bitcoin gains often translates to higher altcoin prices over time, which is notable because Coinbase is a top player in the staking industry. Also, higher prices lead to a more transactions, which benefits Coinbase and other companies. 

Further, Coinbase is benefiting fro the ongoing Bitcoin and Ethereum ETF inflows because it is the biggest custodian in the industry. Spot Bitcoin ETFs have added almost $50 billion in inflows this year, while Ethereum are nearing the $4 billion milestone. 

Coinbase share price analysis

COIN price chart | Source: TradingView

The daily chart shows that the COIN share price has jumped in the past few months. It has formed a golden cross pattern as the 50-day and 200-day moving averages crossed each other. 

Coinbase stock has formed a cup-and-handle pattern, a popular bullish continuation sign. This pattern comprises of a rounded bottom and some consolidation.

The cup has a depth of about 58%, and measuring the same percentage from its upper side gives it a target of $551, up by over 55% from the current level. 

The post Here’s why Coinbase stock price is about to explode higher appeared first on Invezz

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In World news

Top 5 Canadian Mining Stocks This Week: Onyx Gold Shines with 118 Percent Gain

13 Mins Read

Statistics Canada released April’s gross domestic product (GDP) numbers on Friday (June 27). The data showed a slowing in the Canadian economy with a 0.1 percent monthly decline after it increased 0.2 percent in March as businesses attempted to get ahead of US tariff deadlines.

In April, the shift in US trade policy led to significant declines in the manufacturing sector, which saw its largest drop in four years at 1.9 percent. Durable goods manufacturing declined for the first time in four months, dropping 2.2 percent d. The most heavily impacted sub-sectors were transportation equipment and the auto sector, which fell 21.6 percent and 5.2 percent, respectively.

On the positive side, finance and insurance experienced growth of 0.7 percent, with investment services and funds contributing 3.5 percent growth to the sector. StatsCan indicated that the US tariff announcement on April 2 led to increased selling activity in Canadian equity markets.

The Canadian resource sector was flat overall during the month. The oil and gas extraction, excluding oil sands, fell 1.1 percent in April, while oil sands extraction remained unchanged. The agency said that higher bitumen extraction was offset by lower synthetic crude production. Additionally, a temporary shutdown in the Keystone pipeline due to a rupture contributed to a decline in activity.

However, losses were offset by a 4.8 percent gain in support activities for the mining and oil and gas extraction subsectors, with an increase in rigging and drilling activities.

While some of the month-over-month decline was due to the increase in output in March, StatsCan suggests that further slowing is on the way. The agency reported that advanced figures for May show a further 0.1 decline, noting a decrease in the mining, quarrying, and oil and gas extraction category.

South of the border, the US Bureau of Economic Activity released May’s personal consumption expenditures price index (PCE) data on Friday. The index is a key inflation indicator and is the preferred measure used by the Federal Reserve when making its rate decision. The central bank has held its current rate at the 4.25 to 4.5 percent range since it last lowered it in November 2024.

The report shows inflation ticked up 2.3 percent on an annualized basis, higher than the 2.2 percent recorded in April. The increase came after two consecutive months of slowing from 2.7 percent in February and 2.3 percent in March.

Less the more volatile food and energy categories, PCE gained 2.7 percent during the period. While costs for goods increased, current-dollar personal income was down 0.4 percent and disposable income fell 0.6 percent.

US President Donald Trump again signaled his displeasure with the slow pace of rate cuts earlier in the week, and with the Wall Street Journal reporting on Wednesday (June 25) that he may announce a replacement for Chairman Jerome Powell as early as this summer.

While it’s unclear if he will try to remove Powell from the post, the president may try to create a “shadow Fed” that could work to influence markets and undermine decisions made by the current chairman. Powell’s term as chairman is set to expire in May 2026, while his time as board governor won’t end until 2028. His removal would require an act of Congress.

Markets and commodities react

In Canada, major indexes ended the week up. The S&P/TSX Composite Index (INDEXTSI:OSPTX) gained 0.77 percent during the week to close at 26,687.14 on Friday. The S&P/TSX Venture Composite Index (INDEXTSI:JX) fared better, gaining 1.47 percent to 724.26, while the CSE Composite Index (CSE:CSECOMP) climbed 0.74 percent to 117.39.

US equities were also in positive territory this week, with the S&P 500 (INDEXSP:INX) gaining 3.41 percent to close at a record high of 6,173.08, the Nasdaq-100 (INDEXNASDAQ:NDX) surging 4.17 percent to its own all-time high of 22,534.20. While it didn’t break its previous high, the Dow Jones Industrial Average (INDEXDJX:.DJI) also climbed significantly, up 3.89 percent to 43,819.26.

On the other hand, the gold price declined this week, falling 2.8 percent to US$3,274.15 by Friday at 4 p.m. EDT. The silver price ended the week down just 0.05 percent at US$35.99.

In base metals, the COMEX copper price surged 5.59 percent over the week to US$5.12 per pound. Prices have been rising due to increased purchases ahead of US tariffs and significant drawdowns of inventories in London Metals Exchange warehouses.

Meanwhile, the S&P GSCI (INDEXSP:SPGSCI) lost 6.07 percent to close at 545.71.

Top Canadian mining stocks this week

How did mining stocks perform against this backdrop?

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

Stock data for this article was retrieved at 4 p.m. EDT on Friday using TradingView’s stock screener. Only companies trading on the TSX, TSXV and CSE with market capitalizations greater than C$10 million are included. Mineral companies within the non-energy minerals, energy minerals, process industry and producer manufacturing sectors were considered.

1. Onyx Gold (TSXV:ONYX)

Weekly gain: 121.28 percent
Market cap: C$106.84 million
Share price: C$2.08

Onyx Gold is an exploration company advancing its Munro-Croesus project, located near Timmins in Ontario, Canada. The company has increased the size of the land package by 200 percent between 2020 and 2025, and the project now covers an area of 109 square kilometers.

Munro-Croesus hosts the historic Croesus mine, which produced 14,859 ounces of gold between 1915 and 1936 with an average grade of 95.3 grams per metric ton (g/t). Onyx is the first company to explore the property since the mine closed.

Shares in Onyx have seen gains in recent weeks as it made several investment and project announcements.

The first came on June 12, when the company announced that it had completed a private placement with Windfall Mining, a subsidiary of Gold Fields (NYSE:GFI), which purchased 9.4 percent of Onyx’s issued and outstanding shares. Onyx said the investment is an endorsement of its long-term vision.

As for this week, on Tuesday (June 24), Onyx announced that it signed a mineral property purchase and sale agreement to acquire a 100 percent interest in the Munro and Hewitt properties, both located near the existing Munro-Croesus project. The acquisition will expand the company’s land package to 109 square kilometers from the previous 95 square kilometers.

In its most recent update on Thursday (June 26), the company reported the first drill results from its 10,000 meter spring drill program at the Argus North zone at Munro-Croesus. One highlighted assay contained 1.8 grams per metric ton (g/t) gold over 91 meters, including 4 g/t over 32 meters and 5.3 g/t over 17 meters.

The company said the results demonstrate the continuity of broad zones of high-grade gold mineralization. It added that mineralization was confirmed along strike and that the zone is still open in all directions.

2. US Copper (TSXV:USCU)

Weekly gain: 83.33 percent
Market cap: C$14.5 million
Share price: C$0.11

US Copper is an exploration company working to advance its Moonlight-Superior project in Northeast California, United States.

The project covers approximately 13 square miles of patented and unpatented federal mining claims in the Lights Creek Copper District, near the Nevada border.

A preliminary economic assessment released on January 6 demonstrated a post-tax net present value of US$1.08 billion with an internal rate of return of 23 percent and a payback period of 5.3 years, assuming a copper price of US$4.15 per pound.

The included mineral resource estimate shows a total indicated resource of 2.5 billion pounds of copper, 21.7 million ounces of silver and 140,042 ounces of gold from 402.83 million metric tons of ore with a grade of 0.31 percent copper, 1.85 parts per million (ppm) silver and 0.012 ppm gold. The majority is hosted at its Moonlight and Superior deposits.

Although the company did not release news this week, its shares have seen significant gains alongside a rising price of copper.

3. ArcWest Exploration (TSXV:AWX)

Weekly gain: 68.42 percent
Market cap: C$11.21 million
Share price: C$0.16

ArcWest Exploration is an exploration company that has most recently been working to advance its Todd Creek and Oweegee Dome properties within the Golden Triangle in British Columbia, Canada.

The Todd Creek property is a 21,343 hectare site that adjoins Newmont’s (TSX:NGT,NYSE:NEM) Brucejack property and hosts widespread copper and gold mineralization. Historical exploration of the site yielded grab samples with up to 37.7 g/t gold and 5.3 percent copper. The project is covered by a March 2023 earn-in agreement with Freeport-McMoRan (NYSE:FCX) that could see Freeport earn a 51 percent stake, with C$20 million in investments over a five year period.

The 31,077 hectare Oweegee Dome property is located 34 kilometers northeast of the Brucejack mine and hosts underexplored copper and gold systems, including Delta and Skowill East. Oweegee Dome is covered by a July 2021 option agreement with Sanatana Resources (TSXV:STA). Under the terms of the agreement, Sanatana can earn an initial 60 percent interest in the property through cumulative exploration investments of C$6.6 million over four years.

Shares in ArcWest gained this week after a pair of announcements.

The first came on Wednesday, when the company reported results from a 2024 drill program, funded and operated by Sanatana, that extended the mineralized zone at Oweegee Dome. Sanatana President Buddy Doyle said, “We now think the alteration and mineralization we see at surface at Delta is only the southeast corner of a larger system.”

The other news was released on Thursday, when it announced it had mobilized for a drill program at Todd Creek. The program will receive a minimum of C$4 million in funding from Freeport-McMoRan.

4. Belo Sun (TSXV:BSX)

Weekly gain: 62.79 percent
Market cap: C$163.35 million
Share price: C$0.35

Belo Sun Mining is an exploration and development company focused on advancing its Volta Grande gold project in Brazil.

The property covers approximately 2,400 hectares within the Tres Palmeiras greenstone belt in Para State, Brazil. The company has been working on the project since 2003, and acquired necessary development permits in 2014 and 2017.

A 2015 mineral reserve estimate demonstrated a proven and probable reserve of 3.79 million ounces of gold from 116 million metric tons of ore with an average grade of 1.02 g/t.

Development at the site stalled in 2018 after a federal judge ruled that the Federal Brazilian Institute of the Environment (IBMA) would be the competent authority for issuing environmental permits. The decision was overturned in 2019 with the Secretariat of Environment and Sustainability of the State of Para (SEMAS) reassuming its permitting authority. The decision was once again reversed in September 2023, returning authority to IBMA.

On January 23, Belo Sun announced that the Federal Court of Appeals had reassigned SEMAS as the permitting authority for the Volta Grande project. The company said it was pleased with the decision, as the agency is familiar with the project and enjoys a constructive and transparent relationship with it.

On Monday (June 23), the company announced shareholders approved a renewal of the company’s governance structure and elected four new directors to the board. Four of the board’s six members are now either Brazilian or have spent significant parts of their careers working in Brazil.

5. Reyna Silver (TSXV:RSLV)

Weekly gain: 52.94 percent
Market cap: C$33.05 million
Share price: C$0.13

Reyna Silver is a silver exploration company with a portfolio of assets in Chihuahua, Mexico, and Nevada, US.

One of its two Mexican assets is Guigui, a 4,750 hectare property covering a significant portion of the Santa Eulalia Mining District. The area has a history of mining dating back to the 1700s with production of almost 450 million ounces of silver between then and 2001.

Its other one is Batopilas, a 1,183 hectare site that covers 94 percent of the Batopilas Mining District, which has significant deposits of pure, native silver. Historic mining at the site produced an estimated 200 million to 300 million ounces of silver dating back to the mid-1600s.

Its primary American asset is the Gryphon Summit project located along the Carlin-trend. The project covers an area of 10,300 hectares and is prospective for gold, silver and critical minerals.

It also owns the Medicine Springs project, which spans 4,831 hectares south of Elko City. Previous exploration at the site identified lead, zinc and silver mineralization.

Shares in Reyna gained this week after it entered into a definitive agreement to be acquired by Torex Gold (TSX:TXG).

The deal, valued at US$26 million, will see Torex acquire all issued and outstanding common shares in Reyna, thereby gaining access to its wholly owned Mexican portfolio. Additionally, Torex will have the option to acquire a 70 percent stake in the Gryphon Summit project and a 100 percent interest in Medicine Springs.

FAQs for Canadian mining stocks

What is the difference between the TSX and TSXV?

The TSX, or Toronto Stock Exchange, is used by senior companies with larger market caps, and the TSXV, or TSX Venture Exchange, is used by smaller-cap companies. Companies listed on the TSXV can graduate to the senior exchange.

How many mining companies are listed on the TSX and TSXV?

As of February 2025, there were 1,572 companies listed on the TSXV, 905 of which were mining companies. Comparatively, the TSX was home to 1,859 companies, with 181 of those being mining companies.

Together the TSX and TSXV host around 40 percent of the world’s public mining companies.

How much does it cost to list on the TSXV?

There are a variety of different fees that companies must pay to list on the TSXV, and according to the exchange, they can vary based on the transaction’s nature and complexity. The listing fee alone will most likely cost between C$10,000 to C$70,000. Accounting and auditing fees could rack up between C$25,000 and C$100,000, while legal fees are expected to be over C$75,000 and an underwriters’ commission may hit up to 12 percent.

The exchange lists a handful of other fees and expenses companies can expect, including but not limited to security commission and transfer agency fees, investor relations costs and director and officer liability insurance.

These are all just for the initial listing, of course. There are ongoing expenses once companies are trading, such as sustaining fees and additional listing fees, plus the costs associated with filing regular reports.

How do you trade on the TSXV?

Investors can trade on the TSXV the way they would trade stocks on any exchange. This means they can use a stock broker or an individual investment account to buy and sell shares of TSXV-listed companies during the exchange’s trading hours.

Article by Dean Belder; FAQs by Lauren Kelly.

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

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

This post appeared first on investingnews.com

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In Politics

Chief Justice Roberts sounds alarm on dangerous rhetoric aimed at judges from politicians

3 Mins Read

U.S. Supreme Court Chief Justice John Roberts warned Saturday of the dangers of politicians using heated rhetoric against judges. 

‘It becomes wrapped up in the political dispute that a judge who’s doing his or her job is part of the problem,’ Roberts said in Charlotte, North Carolina, at the Judicial Conference of the Fourth Circuit, a gathering of judges and lawyers. 

‘And the danger, of course, is somebody might pick up on that. And we have had, of course, serious threats of violence and murder of judges just simply for doing their work. So, I think the political people on both sides of the aisle need to keep that in mind.’

Roberts didn’t name anyone but appeared to be referencing President Donald Trump and Senate Democratic leader Chuck Schumer when he said he’d felt compelled to speak out against rhetoric by Democrats and Republicans in the past. 

Trump has criticized judges many times over the years, including calling for the impeachment of a judge who ruled against a deportation policy earlier this year, referring to him as ‘radical left’ and a ‘lunatic.’ 

Roberts responded at the time, saying, ‘For more than two centuries, it has been established that impeachment is not an appropriate response to disagreement concerning a judicial decision. The normal appellate review process exists for that purpose.’

In 2020, Roberts condemned Schumer for saying that Trump-appointed Supreme Court justices Brett Kavanaugh and Neil Gorsuch would ‘pay the price’ regarding an abortion rights case during Trump’s first term. 

‘You have released the whirlwind, and you will pay the price,’ Schumer said at a rally outside the Supreme Court at the time. ‘You will not know what hit you if you go forward with these awful decisions.’

Schumer later said he was referring to the political price he believed Senate Republicans would pay, but he said, ‘I shouldn’t have used the words I did, but in no way was I making a threat. I never, never would do such a thing, and Leader McConnell knows that.’ 

Roberts, at the time, said of Schumer, ‘Justices know that criticism comes with the territory, but threatening statements of this sort from the highest levels of government are not only inappropriate, they are dangerous. All members of the court will continue to do their job, without fear or favor, from whatever quarter.’

In April, an armed man who was arrested outside of Kavanaugh’s home pleaded guilty to attempting to assassinate the justice. 

Roberts’ remarks came after the Supreme Court issued the final decisions of its term, handing the Trump administration a win Friday by limiting judges’ ability to block his agenda through court orders. 

The Associated Press contributed to this report.

This post appeared first on FOX NEWS

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In Stocks

JPM, BAC – two gold standard bank stocks you should ‘sell’ now

3 Mins Read

Following an exciting rally in recent months, shares of JPMorgan and Bank of America may now be running on fumes only, according to a senior Baird analyst.

David George recommends a more cautious stance on the two money center banks since their risk-reward profiles have become increasingly unattractive as valuations stretch and expectations soar.

Despite their reputations as “gold standard” institutions, the case for trimming exposure – or even selling outright – is gaining traction.

Why it may now be time to sell JPMorgan stock

JPM has handily outperformed the S&P 500 index this year, with shares currently up 35% versus their year-to-date low in early April.

But that outperformance did come at a cost – “valuation”.  

JPMorgan shares are currently going for a record 2.9 times tangible book value and a forward P/E ratio of 15.5, indicating a lot of the good news is already baked in.

On Friday, David George downgraded JPM stock to “underperform” with a price target of $235 indicating potential downside of about 18% from current levels.

According to the Baird analyst, JPMorgan continues to boast an exceptionally strong balance sheet and retains its dominance in the financial services industry – but “future returns will likely not be what they’ve been the last several years at these valuation levels.”

Simply put, this best-in-class franchise will likely prove a poor investment given the expectations are too high.

With capital markets reopening and deregulation providing tailwinds, the bullish narrative is compelling – but perhaps too widely embraced. George’s contrarian view is that valuation still matters, and in JPM’s case, it may be signaling a ceiling rather than a floor.

Why it may now be time to sell Bank of America stock

BofA has also enjoyed a solid run in recent months, with shares up some 12% currently versus the April low. Still, David George downgraded the bank stock today to “neutral”.

His $52 price target on the Bank of America shares implies modest upside, but not nearly enough to justify fresh buying at current levels.

Baird had previously upgraded BAC in April – believing the market was underestimating the firm’s earnings power. But with the stock now reflecting improved net interest margins and a more favorable capital markets backdrop, he believes the easy gains are behind it.

“We remain huge fans of the BAC franchise,” he wrote, “but feel like the stock is largely reflecting it here.”

In short, while BofA stock may not be overvalued to the same extent as JPM, it’s no longer the bargain it once was – and that makes it a hold at best, or a sell for those seeking better asymmetric opportunities.

All in all, with both stocks trading near highs and sentiment running hot, now may be the time to take profits before gravity sets in, George concluded.

The post JPM, BAC – two gold standard bank stocks you should ‘sell’ now appeared first on Invezz

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In World news

Freegold Ventures Limited – Results of the Annual General and Special Meeting

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Freegold Ventures Limited (TSX: FVL) (OTCQX: FGOVF) (‘Freegold’ or the ‘Company ‘) is pleased to announce that all matters set out in the Management Information Circular dated May 26 2025 for the 2025 Annual General and Special Meeting of Shareholders held on June 27, 2025 (the ‘Meeting’) were approved by the shareholders holding 98,154,137 shares were voted representing approximately ~ 18.56% of the outstanding shares of the Company.

The following nine nominees were elected as directors of Freegold. The detailed results of the vote for the election of directors are set out below:

MOTIONS

NUMBER OF SHARES

PERCENTAGE OF VOTES CAST

FOR

AGAINST

WITHHELD/
ABSTAIN

FOR

AGAINST

WITHHELD/
ABSTAIN

To elect as Director :Kristina Walcott

96,353,303

1,800,834

98.165 %

1.835 %

To Elect as Director: Alvin Jackson

97,016,593

1,137,544

98.841 %

1.159 %

To Elect as Director: David Knight

85,790,018

12,364,119

87.403 %

12.597 %

To Elect as Director: Garnet Dawson

97,308,977

845,160

99.139 %

0.861 %

To Elect as Director: Ron Ewing

96,839,477

1,314,660

98.661 %

1.339 %

To Elect as Director: Glen Dickson

85,396,927

12,757,210

87.003 %

12.997 %

To Elect as Director: Reagan Glazier

79,513,338

18,640,799

81.009 %

18.991 %

To Elect as Director: Maurice Tagami

97,900,807

253,330

99.742 %

0.258 %

To Elect as Director: Vivienne Artz

93,614,569

4,539,568

95.375 %

4.625 %

The Company’s shareholders approved the appointment of Davidson & Company LLP, Chartered Professional Accountants, as the Company’s auditors, as set forth in the management information circular.

The Company’s shareholders approved the Company’s new omnibus equity incentive plan.

Each of the matters voted upon at the Meeting is discussed in detail in the Company’s Information Circular dated May 26 th, 2025, which is filed under the Company’s profile at www.sedarplus.com.

Golden Summit Project Update:

Drilling at Golden Summit is progressing well. Drilling is focused on resource definition, which includes both expansion and infill drilling, as well as geotechnical and metallurgical holes. Like the 2024 drill program, the current efforts aim to upgrade inferred resources to indicated status in preparation for the upcoming pre-feasibility study, which is expected to commence later this year. An updated mineral resource estimate is expected to be finalised soon, and the initial assay results from the 2025 drill program are also anticipated shortly.

The Qualified Person for this release is Alvin Jackson , P.Geo., Vice President of Exploration and Development for Freegold, who has approved the scientific and technical disclosure in this news release.

About Freegold Ventures Limited  
Freegold is a TSX-listed company focused on exploration in Alaska . It holds the Golden Summit Gold Project near Fairbanks and the Shorty Creek Copper-Gold Project near Livengood through leases.

Some statements in this news release contain forward-looking information, including, without limitation, statements as to planned expenditures and exploration programs, potential mineralization and resources, exploration results, the completion of an updated NI 43-101 technical report, and any other future plans. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements to be materially different from any future results, performance, or achievements expressed or implied by the statements. Such factors include, without limitation, the completion of planned expenditures, the ability to complete exploration programs on schedule, and the success of exploration programs. See Freegold’s Annual Information Form for the year ended December 31st, 2024 , filed under Freegold’s profile at www.sedar.com , for a detailed discussion of the risk factors associated with Freegold’s operations. On January 30, 2020 , the World Health Organization declared the COVID-19 outbreak a global health emergency. Reactions to the spread of COVID-19 continue to lead to, among other things, significant restrictions on travel, business closures, quarantines, and a general reduction in economic activity. While these effects have been reduced in recent months, the continuation and re-introduction of significant restrictions, business disruptions, and related financial impact, and the duration of any such disruptions cannot be reasonably estimated. The risks to Freegold of such public health crises also include employee health and safety risks and a slowdown or temporary suspension of operations in geographic locations impacted by an outbreak. Such public health crises, as well as global geopolitical crises, can result in volatility and disruptions in the supply and demand for various products and services, global supply chains, and financial markets, as well as declining trade and market sentiment and reduced mobility of people, all of which could affect interest rates, credit ratings, credit risk, and inflation. As a result of the COVID-19 outbreak, Freegold has implemented a COVID management program and established a full-service Camp at Golden Summit to attempt to mitigate risks to its employees, contractors, and community. While the extent to which COVID-19 may impact Freegold is uncertain, it is possible that COVID-19 may have a material adverse effect   on Freegold’s business, results of operations, and financial condition.

SOURCE Freegold Ventures Limited

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This post appeared first on investingnews.com

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In Politics

Senate shuts down Kaine’s attempt to check Trump’s war powers

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A Senate Democrat’s push to put a check on President Donald Trump’s powers and reaffirm the Senate’s war authority was shut down by lawmakers in the upper chamber Thursday.

Sen. Tim Kaine’s war powers resolution, which would have required Congress to debate and vote on whether the president could declare war, or strike Iran, was struck down in the Senate on a largely party-line vote, save for Sen. John Fetterman, D-Pa., a staunch advocate of Israel who supported Trump’s strike on the Islamic Republic, and Sen. Rand Paul, R-Ky., who has been vocal in his thoughts about congressional war powers in recent days.

Earlier in the week, the Virginia Democrat vowed to move ahead with the resolution despite a fragile ceasefire brokered between Israel and Iran following weekend strikes on the Islamic Republic’s key nuclear facilities that were not given the green-light by Congress.

Kaine argued that the ceasefire gave his resolution more credence and breathing room to properly debate the role that Congress plays when it comes to authorizing both war and attacks abroad.

He said ahead of the vote on the Senate floor that he came to Washington to ensure that the country does not again get into another ‘unnecessary’ war, and invoked the rush to approve war powers for President George W. Bush over two decades ago to engage with Iraq.

‘I think the events of this week have demonstrated that war is too big to consign to the decisions of any one person,’ Kaine said. 

Indeed, his resolution became a focal point for a debate that has raged on Capitol Hill since Israel began its bombing campaign against Iran: whether the strikes like those carried out during Operation Midnight Hammer constituted an act of war that required congressional approval, or if Trump’s decision was under his constitutional authority as commander in chief.  

Senate Republicans have widely argued that Trump was well within his purview, while most Senate Democrats raised constitutional concerns about the president’s ability to carry out a strike without lawmakers weighing in. 

Experts have argued, too, that Trump was within his executive authority to strike Iran. 

The Constitution divides war powers between Congress and the White House, giving lawmakers the sole power to declare war, while the president acts as the commander in chief directing the military. 

And nearly two centuries later, at the height of the Vietnam War, the War Powers Resolution of 1973 was born, which sought to further define those roles.

But the most impact lawmakers could have is through the power of the purse, and Sen. Mitch McConnell, R-Ky, who plays a large role in controlling the purse strings as the Senate Appropriations Subcommittee on Defense, had a sharp message against Kaine’s resolution. 

McConnell used instances where Democratic presidents over the last three decades have used their authority for limited engagements in Kosovo, Libya, Syria and Yemen, and questioned why ‘isolationists’ would consider the strike on Iran to kneecap its nuclear program a mistake. 

‘I have not heard the frequent flyers on War Powers resolutions reckon seriously with these questions,’ he said. ‘Until they do, efforts like this will remain divorced from both strategic and constitutional reality.’

This post appeared first on FOX NEWS

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