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More than 100 Democrats voted against a House GOP-led resolution to condemn the accused terror attack in Boulder, Colorado.

It passed 280-113, with 75 Democrats joining Republicans to vote for the bill. Six lawmakers, five Democrats and one Republican, voted ‘present.’ 

The legislation was introduced by Rep. Gabe Evans, R-Colo., last week in response to the attack. But Democrat lawmakers made clear they were opposed to language in the resolution that they felt was politically charged.

In addition to condemning the attack, Evans’ resolution also appeared to rebuke blue-leaning sanctuary jurisdictions that were at odds with federal immigration authorities, and he condemned illegal immigrants who overstay their visas as well.

A second bill, led by Reps. Jeff Van Drew, R-N.J., and Joe Neguse, D-Colo., more broadly condemned the rise in antisemitic attacks in the U.S. That legislation netted much wider bipartisan support, passing 400-0, with just two lawmakers voting ‘present.’

But Evans’ resolution more specifically noted that the case of terror suspect Mohammed Sabry Soliman, who overstayed a tourist visa and a subsequent work authorization, ‘demonstrates the dangers of not removing from the country aliens who fail to comply with the terms of their visas.’

The Egyptian national is facing federal charges after allegedly attempting to set fire to peaceful demonstrators who were protesting Hamas’ continued possession of Israeli hostages in Gaza.

The Trump administration has vowed that he and his family will be deported from the U.S.

Evans’ resolution also ‘affirms that free and open communication between State and local law enforcement and their Federal counterparts remains the bedrock of public safety and is necessary in preventing terrorist attacks’ and it ‘expresses gratitude to law enforcement officers, including U.S. Immigration and Customs Enforcement personnel, for protecting the homeland.’

It comes as Democrat-controlled cities like Los Angeles and Nashville, Tennessee, have seen their leaders criticize the Trump administration’s ICE crackdown.

The Trump administration’s handling of anti-ICE riots in Los Angeles has spurred an outpouring of scorn from Democrat officials, particularly the decision to send National Guard troops in to break up the demonstrations.

House Minority Leader Hakeem Jeffries, D-N.Y., criticized Evans’ resolution in comments to reporters on Monday.

‘Who is this guy? He’s not seriously concerned with combating antisemitism in America. This is not a serious effort,’ Jeffries said. ‘Antisemitism is a scourge on America. It shouldn’t be weaponized politically.’

Jeffries also called Evans ‘a joke.’

Evans responded on X, ‘I served our nation in uniform in the Middle East, as a cop in Colorado, & now as a Congressman. This wildly offensive sentiment from Democrat’s Leader is why antisemitism persists. The Left is unserious about finding real solutions.’

Rep. Dan Goldman, D-N.Y., who is Jewish, also criticized Evans’ resolution.

‘You weren’t here, Mr. Evans, last term, but there were about 10 antisemitism resolutions that effectively said the same thing solely to score political points. We Jews are sick and tired of being used as pawns,’ Goldman said during debate on the bill.

But Van Drew, who is leading a bipartisan resolution that similarly condemns antisemitism but does not discuss immigration, defended Evans’ measure.

‘Yes, it is different than mine. Mine focused purely on antisemitism here in the world. But he brings up a valid point not only for Jews, but for many innocent victims. Whether it was Laken Riley, whether it was the women that were raped, the women and men that were killed, those that were beaten, those that were hurt, who were in law enforcement. Illegal immigration is not a good thing,’ Van Drew said.

The two lawmakers who voted ‘present’ on Van Drew’s resolution were Reps. Rashida Tlaib, D-Mich., and Marjorie Taylor Greene, R-Ga.

Greene wrote on X after the vote, ‘Antisemitic hate crimes are wrong, but so are all hate crimes. Yet Congress never votes on hate crimes committed against white people, Christians, men, the homeless, or countless others. Tonight, the House passed two more antisemitism-related resolutions, the 20th and 21st I’ve voted on since taking office. Meanwhile, Americans from every background are being murdered — even in the womb — and Congress stays silent.’

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The United States and China are set to reopen high-stakes trade negotiations in London on Monday, aiming to revive a fragile truce on tariffs and technology restrictions after weeks of recriminations.

The meeting follows a phone call last week between President Donald Trump and Chinese leader Xi Jinping that both sides described as constructive.

The renewed dialogue is focused on easing export controls and restoring the flow of critical materials, particularly rare-earth minerals, after a breakdown in talks that began in Geneva last month.

Since then, relations between the world’s two largest economies have soured, with the US accusing China of withholding key exports, and Beijing bristling at Washington’s clampdown on advanced technology.

Momentum builds after Trump-Xi call

Trump’s phone conversation with Xi last Thursday marked the first direct contact between the leaders since the trade war reignited in February.

The new round of negotiations came after Trump said his phone conversation with Xi on Thursday mainly focused on trade and had “resulted in a very positive conclusion for both countries”.

China, in turn, announced that Vice Premier He Lifeng would travel to the UK from June 8 to 13 for discussions under the “China-US economic and trade mechanism.”

Over the weekend, Beijing also approved certain applications for rare-earth exports, though it stopped short of disclosing details about the recipients.

Kevin Hassett, head of the National Economic Council, emphasized that the US wants a swift return to normal trade in rare earths.

“We want the rare earths, the magnets that are crucial for cell phones and everything else to flow just as they did before the beginning of April, and we don’t want any technical details slowing that down,” Kevin Hassett, head of the National Economic Council at the White House, said Sunday on CBS’s Face the Nation.

“And that’s clear to them.”

Stumbling blocks remain after Geneva deal falters

In May, both countries struck a tentative agreement in Geneva to temporarily lower tariffs that had risen to over 100%.

However, talks soon stalled, with each side accusing the other of backtracking.

The US was particularly alarmed by a drop in rare-earth magnet shipments used in electric vehicles and military hardware.

China, meanwhile, protested new American restrictions on AI chips, chip design software, and visa curbs affecting over 280,000 Chinese students.

Monday’s negotiations in London will bring together US Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and Trade Representative Jamieson Greer.

Their Chinese counterparts will be led by Vice Premier He.

Observers note the presence of Lutnick — key architect of technology export curbs — as a sign the White House is open to revisiting measures that have rattled Beijing’s economic ambitions.

Uncertain path to progress as tariffs loom

Although Wall Street responded with guarded optimism following the Trump-Xi call, few expect a breakthrough.

Analysts at Bloomberg Economics cautioned that unlike the Geneva talks, there’s no urgency to reduce tariff levels and the talks are likely to be bogged down by thornier issues.

“This time around there’s no such low-hanging fruit,” Adam Farrar and Michael Deng of Bloomberg Economics wrote in a report ahead of the talks, the publication said.

“With more complex issues on the table, it will be harder for either side to walk away with meaningful new outcomes.”

The White House has hinted that if no deal materializes, Trump will reinstate higher tariffs in August.

That would mark a return to the more punitive duties announced in April, reversing the temporary reprieve granted after the Geneva framework.

China’s official tone has softened, with a Xinhua commentary urging the US to abandon its “security lens” on economic issues.

Still, it acknowledged that both nations share “extensive common interests” and called the economic relationship one of “mutual benefit and win-win results.”

Economic pressures on both sides

Behind the negotiating table, domestic pressures weigh on both leaders.

Trump, seeking re-election, is eager to show progress on trade.

Xi, facing economic headwinds ranging from deflation to youth unemployment, also has incentives to stabilize relations.

Despite tightening rare-earth exports, China appears open to engagement, with Xi reportedly telling Trump that he hopes to see the US “withdraw the negative measures it has taken.”

After their call, China’s foreign ministry said Trump extended a welcome to Chinese students — a gesture seen as symbolic amid broader tensions.

“It would be my honor to welcome them,” Trump later said.

Still, as the London talks begin, seasoned observers remain cautious.

“The US and China “just want to get back to where they were in Switzerland with a few more agreements down on paper to actually understand what is gonna be licensed, what gets permitted, what doesn’t,” said Josh Lipsky of the Atlantic Council.

Whether that clarity emerges in London remains to be seen.

The post US, China to resume trade talks in London as rare-earth, tech tensions persist: the story so far appeared first on Invezz

President Donald Trump has escalated his sudden rupture with Elon Musk by implying the government could sever ties with the tech titan’s businesses.

‘The easiest way to save money in our Budget, Billions and Billions of Dollars, is to terminate Elon’s Governmental Subsidies and Contracts. I was always surprised that Biden didn’t do it,’ Trump wrote Thursday on Truth Social.

Various estimates have been put forward about just how much Musk’s firms, primarily SpaceX and Tesla, benefit from U.S. government contracts and subsidies. The Washington Post has put the figure at $38 billion, with SpaceX President and COO Gwynne Shotwell estimating that company alone benefits from $22 billion in federal spending. Reuters has reported that the true figure is classified because of the nature of many of the contracts Musk’s firms are under.

NASA relies on SpaceX to ferry astronauts to and from the International Space Station. The agency’s only other option at the moment is to pay around $90 million for a seat aboard Russia’s Soyuz capsule.

Last year, SpaceX was selected to develop a vehicle capable of safely de-orbiting the International Space Station in 2030, when NASA and its partner space agencies agreed to end operation of the orbiting laboratory. SpaceX is also expected to play a major role in NASA’s efforts to return astronauts to the moon and eventually travel beyond to Mars.

Later Thursday afternoon, Musk posted that he would begin ‘decommissioning’ SpaceX’s Dragon spacecraft, which regularly flies astronauts and cargo to the ISS, in response to Trump’s threat.

NASA spokesperson Bethany Stevens said the agency ‘will continue to execute upon the President’s vision for the future of space.’

‘We will continue to work with our industry partners to ensure the President’s objectives in space are met,’ she said in a statement on X.

Tesla, meanwhile, has benefited from approximately $11.4 billion in total regulatory credits aimed at boosting electric-vehicle purchases, though that figure also includes state-level subsidies. Musk has claimed he no longer needs the credit, which he says now primarily benefits rivals.

Following Trump’s threat, shares in Tesla, which had already fallen 8% on Thursday as the tit-for-tat escalated on social media, declined as much as 15% following Trump’s post. SpaceX is privately held and its shares do not trade on the open market.

Trump’s warning came as part of a stunning exchange with Musk — who spent more than $250 million to help him get elected — that erupted into public view.

Earlier in the day, president told reporters in the Oval Office that he was disappointed in Musk’s criticism of the Republican policy bill that is making its way through Congress. Musk has blasted the bill, calling it a ‘disgusting abomination,’ amid concerns it would worsen the U.S. fiscal deficit.

Musk, who officially left his White House role last week to spend more time on his companies, spent much of Thursday launching into a tirade on X, his social media platform, where he posted a variety of critiques of Trump, the bill and other Republican politicians.

A make-good on Trump’s threat would come at a sensitive time for Tesla, which has seen global sales plunge partly in response to Musk’s very involvement with the Trump campaign. Year to date, its shares are down some 25%.

Trump’s warning also raises the specter that Trump could resurface pending government investigations into Musk’s firms. According to a report in April from Democratic staff of the Senate Homeland Security Permanent Subcommittee on Investigations, Musk’s firms were facing $2.37 billion in potential federal liabilities when Trump took office in January.

Since then, many of those actions have been paused or outright dismissed alongside the rise of the previously Musk-helmed Department of Government Efficiency, which gutted many of the agencies looking into Musk’s businesses.

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Former President Barack Obama’s White House physician said in a new interview that former President Joe Biden’s doctor should have performed a cognitive test to evaluate his fitness to serve in office. 

Obama’s doctor, Jeffrey Kuhlman, told The Washington Post that Biden White House physician Kevin O’Connor should have performed a cognitive test during Biden’s last year as president, given his age. 

O’Connor, who Kuhlman first appointed as Biden’s doctor in 2009 when he was vice president, declared in a 2024 report that the then-81-year-old president ‘continues to be fit for duty.’ The report did not mention any neurocognitive testing. 

‘Sometimes those closest to the tree miss the forest,’ Kuhlman told the Post.

‘It shouldn’t be just health, it should be fitness,’ Kuhlman said. ‘Fitness is: Do you have that robust mind, body, spirit that you can do this physically, mentally, emotionally demanding job?’

Kuhlman, who departed the White House Medical Unit in 2013, described O’Connor as ‘a good doctor’ who appeared to do his best to ‘give trusted medical advice.’

‘I didn’t see that he’s purposely hiding stuff, but I don’t know that,’ Kuhlman told the Post. ‘Maybe the investigation will show it.’

President Donald Trump on Wednesday ordered Attorney General Pam Bondi to investigate whether Biden’s aides ‘abused the power of Presidential signatures through the use of an autopen to conceal Biden’s cognitive decline and assert Article II authority.’ 

‘This conspiracy marks one of the most dangerous and concerning scandals in American history,’ the order says. ‘The American public was purposefully shielded from discovering who wielded the executive power, all while Biden’s signature was deployed across thousands of documents to effect radical policy shifts.’  

‘Let me be clear: I made the decisions during my presidency,’ Biden said in a statement Wednesday night. ‘I made the decisions about the pardons, executive orders, legislation, and proclamations. Any suggestion that I didn’t is ridiculous and false.’

Trump’s order appeared to nod to the findings of special counsel Robert Hur, who investigated Biden’s handling of classified documents while he was vice president. 

In a report released in February 2024, Hur concluded Biden ‘willfully retained and disclosed’ sensitive materials but should not stand trial, describing the president as a ‘sympathetic, well-meaning, elderly man with a poor memory.’ Hur cited instances when Biden could not recall key dates and events, including when he served as vice president and when his son, Beau, passed away. The report was released at a time when Biden was still planning a second term run. 

Last week, House Oversight Committee Chairman Rep. James Comer, R-Ky., issued a subpoena for O’Connor to appear for a deposition at the end of the month ‘as part of the investigation into the cover-up of President Joe Biden’s cognitive decline and potentially unauthorized issuance of sweeping pardons and other executive actions.’ 

The committee re-posted the Post’s interview with Kuhlman to X, writing, ‘Even Obama’s doctor admits the truth. This is precisely why Chairman @RepJamesComer subpoenaed Dr. Kevin O’Connor, Biden’s physician. This is a scandal of historical proportions, and we will investigate it thoroughly!’ 

In a letter to O’Connor, Comer said the transcribed interview would focus on the physician’s February 2024 assessment that Biden was ‘a healthy, active, robust 81-year-old male, who remains fit to successfully execute the duties of the Presidency.’

‘Among other subjects, the Committee expressed its interest in whether your financial relationship with the Biden family affected your assessment of former President Biden’s physical and mental fitness to fulfill his duties as President,’ Comer wrote. 

Questions about Biden’s cognitive state stretch extend solely past Republicans. 

CNN’s Jake Tapper and Axios’ Alex Thompson recently published a book titled ‘Original Sin,’ which details concerns and debates inside the White House and Democratic Party over Biden’s mental state and age.

In the book, Tapper and Thompson wrote, ‘Five people were running the country, and Joe Biden was at best a senior member of the board.’

Naomi Biden, the former president’s granddaughter, dismissed the book as ‘political fairy smut for the permanent, professional chattering class.’ 

Comer requested transcribed interviews with Biden’s White House senior advisers Mike Donilon and Anita Dunn, former White House chief of staff Ron Klain, former deputy chief of staff Bruce Reed and Steve Ricchetti, a former counselor to the president. He also called for former senior White House aides Annie Tomasini, Anthony Bernal, Ashley Williams and Neera Tanden to appear before the committee and suggested subpoenas could be forthcoming if they did not schedule voluntary interviews. 

The Associated Press contributed to this report. 

This post appeared first on FOX NEWS

The Dow Jones, Nasdaq 100, and S&P 500 indices have moved sideways in the past few weeks as the recent momentum stalled. The S&P 500 Index is stuck at $6,000, its highest point since February 24, and 24% above its lowest point this year. 

Similarly, the Nasdaq 100 Index has moved to $21,800, up by 31% from its lowest point this year. The Dow Jones Index traded at $42,765, up by 16% from the YTD low. This article looks at the top 3 catalysts for these indices this week. 

Dow Jones, Nasdaq 100, and S&P 500

US and China trade talks

The main catalyst for the three indices is the upcoming trade talks between the US and China in London. This meeting was scheduled during a phone call between Donald Trump and Xi Jinping of China last week.

It comes a few weeks after the two sides met in Switzerland and reached a few important agreements. For example, they agreed to lower tariffs from triple digits to double digits.

Recently, however, China and the US have accused each other of not fulfilling the agreement. China accuses the US of provocations, including suspending students from its universities and export controls on chips.

The US has accused China of continuing to block shipments of rare earth products that are used in the manufacturing process. 

Therefore, the Dow Jones, S&P 500, and Nasdaq 100 indices will react to any meeting outcome. They will likely surge if the two sides make progress and potentially a meeting between the two presidents. 

Such progress would be notable because the US and China are some of the biggest trading partners in the world.

However, there are signs that China is pivoting its business away from the US, which has become more confrontational. For example, its airlines are no longer buying Boeing jets, and are now planning to order 500 jets from Airbus.

US inflation data

The next key catalyst for the Dow Jones, Nasdaq 100, and S&P 500 indices is the upcoming US inflation data on Wednesday.

Economists expect the data to show that inflation rose a bit, with the headline consumer price index (CPI) rising to 2.5% and the core CPI metric moving to 2.8%.

Signs that inflation is rising will be bearish for the stock market as it will signal that the Federal Reserve will maintain a hawkish tone for a while. This will, in turn, infuriate Donald Trump, who called for a “full point” cut, arguing that the ECB has slashed interest rates ten times. 

US stocks do well when the Federal Reserve is cutting interest rates or when it signals that it will do that. The CPI data comes after the US jobs data pointed to a strong economy.

Corporate earnings, Trump and Musk relations, and BBB

The other minor catalysts for the three US indices will be some corporate earnings, Trump and Elon Musk relations, and the Big Beautiful Bill. The only notable companies that will release their earnings are Adobe, Oracle, Chewy, GameStop, J.M Smucker, Stitch Fix, and Core & Main. 

Stocks will also react to the ongoing Trump and Musk relations, which hit a record low last week. Musk has pushed harder for Republicans to vote against the Big Beautiful Bill that ends EV mandates and increases government debt.

Elon Musk has a lot to lose as his companies have billions of dollars in government contracts. Therefore, there is a likelihood that he will want to make peace. A deal between the two will be good for the stock market

The post Top 3 catalysts for the Dow Jones, Nasdaq 100, and S&P 500 this week appeared first on Invezz

Procter & Gamble will cut 7,000 jobs, or roughly 15% of its non-manufacturing workforce, as part of a two-year restructuring program.

The layoffs by the consumer goods giant come as President Donald Trump’s tariffs have led a range of companies to hike prices to offset higher costs. The trade tensions have raised concerns about the broader health of the U.S. economy and job market.

P&G CFO Andre Schulten announced the job cuts during a presentation at the Deutsche Bank Consumer Conference on Thursday morning. The company employs 108,000 people worldwide, as of June 30, according to regulatory filings.

P&G faces slowing growth in the U.S., the company’s largest market. In its fiscal third quarter, North American organic sales rose just 1%.

Trump’s tariffs have presented another challenge for P&G, which has said that it plans to raise prices in the next fiscal year, which starts in July. The company expects a 3 cent to 4 cent per share drag on its fiscal fourth-quarter earnings from levies, based on current rates, Schulten said. Looking ahead to fiscal 2026, P&G is projecting a headwind from tariffs of $600 million before taxes.

P&G, which owns Pampers, Tide and Swiffer, is planning a broader effort to reevaluate its portfolio, restructure its supply chain and slim down its corporate organization. Schulten said investors can expect more details, like specific brand and market exits, on the company’s fiscal fourth-quarter earnings call in July.

P&G is projecting that it will incur non-core costs of $1 billion to $1.6 billion before taxes due to the reorganization.

“This restructuring program is an important step toward ensuring our ability to deliver our long-term algorithm over the coming two to three years,” Schulten said. “It does not, however, remove the near-term challenges that we currently face.”

P&G follows other major U.S. employers, including Microsoft and Starbucks, in carrying out significant layoffs this year. As Trump’s tariffs take hold, investors are watching Friday’s nonfarm payrolls report for May for signs of whether the job market has started to slow. While the government reading for April was better than expected, a separate reading this week from ADP showed private sector hiring was weak in May.

Shares of P&G fell more than 1% in morning trading on the news. The stock has fallen 2% so far this year, outstripped by the S&P 500′s gains of more than 1%. P&G has a market cap of $407 billion.

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A House committee witness who was called out by Democratic Rep. Robert Garcia of California during a hearing this week is pushing back after the congressman unearthed a past social media post on Social Security in an attempt to discredit his testimony. 

During a House oversight DOGE subcommittee hearing on Wednesday, Garcia grilled Power the Future CEO Dan Turner while holding up a posterboard of a past tweet calling Social Security a ‘government-sponsored Ponzi scheme.’

‘Madoff went to jail for it. Congress runs on it,’ the post said. ‘I should be able to keep 100% of my money and not watch government waste it with a paltry percentage return.’

Garcia then suggested that post was evidence that Turner lacks the credibility to be testifying about the billions of federal tax dollars directed to left-wing NGOs. 

A Ponzi scheme and so I think it’s interesting, of course, as one of our Republican witnesses is calling Social Security a Ponzi scheme, and that’s the person that we should be taking advice from here today,’ Garcia said. 

‘Without Social Security, 22 million people would be pushed into poverty. That includes over 16 million seniors and nearly 1 million children. And in fact, Elon Musk has also said and agreed with you, sir, that this is a Ponzi scheme. I think it’s ironic that you are one of our witnesses talking about efficiency when you want to attack the single best program that we have to support people not just out of poverty, but across this country to uplift them, to ensure they can afford a decent life.’

Fox News Digital spoke to Turner, who stood by his post and outlined his belief, echoed by many, that Social Security is structured like a Ponzi scheme by definition. 

‘Rep Garcia does not know the definition of Ponzi scheme,’ Turner said. ‘Social Security is the ultimate Ponzi, demanding more and more people at the bottom pay in to fund the people at the top, expect our demographics have this now reversed. The system will default. Mr. Garcia nor I will likely never see a dime. That should worry him more than my social media feed.’

Turner told Fox News Digital that if Garcia’s staff were to spend as much time trying to save Social Security as it did ‘combing through my social media’ then ‘perhaps the Ponzi scheme can survive long enough for me to get a small percentage of what the government confiscated during my lifetime.’

Turner explained that his father had received a ‘paltry percentage’ of what he paid into the program and the the government ‘kept the rest’ when his father died. 

‘That’s not just a Ponzi scheme, it’s government greed and politicians running a money-laundering operation to get reelected. No one should be compelled to pay into a failed system, yet in a free America, you don’t have that choice.’

In addition to Turner and Elon Musk suggesting that Social Security is by definition set up like a Ponzi scheme, Fox News Digital previously spoke to James Agresti, president of the nonprofit research institute Just Facts, who said the characterization has ‘validity.’

‘A Ponzi scheme operates by taking money from new investors to pay current investors,’ Agresti said. ‘That’s the definition given by the SEC, and contrary to popular belief, that’s exactly how Social Security operates.’

Agresti explained to Fox News Digital that Social Security, a program mired for decades with concerns about waste, fraud, and improper payments, ‘doesn’t take our money and save it for us, as many people believe, and then give it to us when we’re older’ like many Americans might believe. 

‘What it does is, it transfers money when we are young and working and paying into Social Security taxes,’ Agresti said. ‘That money, the vast bulk of it, goes immediately out the door to people who are currently receiving benefits. Now, there is a trust fund, but in 90 years of operation, that trust fund currently has enough money to fund two years of program operations.’

The trust fund only being able to last for two years is not a result of the fund being ‘looted,’ Agresti explained, but rather it was put in place to ‘put surpluses in it’ from money that Social Security collects in taxes that it doesn’t pay out immediately and pays interest on. 

‘The interest that’s been paid on that has been higher than the rate of inflation,’ Agresti said. ‘So, the problem isn’t that the trust fund has been looted. The problem is that Social Security operates like a Ponzi scheme.’

Democrats have vocally pushed back against efforts by Republicans and DOGE to reform Social Security or make cuts to what they say are examples of wasteful or improper spending from the department.

‘There’s been a lot of misinformation about that as of late,’ Agresti told Fox News Digital. ‘You know, when DOGE came in and suggested that the Social Security Administration cut, I think it was about 10,000 workers, Democrats erupted that this is going to weaken Social Security. But the fact of the matter is that Social Security pays those workers who are for administrative overhead from the Social Security trust fund. So, by cutting out the money that they’re paying them, you actually strengthen the program financially.’

Agresti told Fox News Digital that the current administrative overhead for Social Security is $6.7 billion per year, which is enough to pay more than 300,000 retirees the average old-age benefit.

‘Every single study shows social security going completely bankrupt in the next few years. Garcia and other democrats know the iceberg is ahead but rather than turn the ship, they are yelling at the iceberg about the senior citizens onboard,’ Turner said. ‘This Ponzi scheme is collapsing fast, and turning my tweets into posters is not going to stop it.’

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LionTrust fund manager, Storm Uru says some of the most compelling opportunities for investors in search of durable growth amidst persistent macro uncertainty may be in the private equity space.

According to Storm Uru, recent pullback in private equity stocks like Blackstone Inc (NYSE: BX) and Apollo Global Management (NYSE: APO) spells opportunity for long-term investors to build a position in those sector giants at a discount.

In his recent interview with CNBC, Uru dubbed BX and APO as standout buys for the back half of 2025, given their structural potential in infrastructure, data centers, and computing.  

Why is LionTrust bullish on Apollo Global stock?

Apollo remains a key player in the alternative investment landscape, with a strong focus on credit, real assets, and retirement services.

Uru favours owning APO on its pivotal role in enabling capital-intensive infrastructure growth, particularly around data centre expansion and compute capacity, sectors expected to see massive funding over the next decade.

“Over the next 10 years a significant amount of capital is needed to build out these assets,” Uru said, pointing to the long-term funding gap in digital infrastructure.

Apollo’s unique combination of asset management and permanent capital gives it both stability and scale, making it well-positioned to benefit from global structural shifts.

LionTrust’s fund manager remains bullish on Apollo Global stock even though the asset manager reported weaker-than-expected earnings for its fiscal Q1 last month. Its revenue also came in down 21% on a year-over-year basis at the time.

Additionally, APO shares remain unattractive for income investors as they do not currently pay a dividend.

Why is Storm Uru bullish on Blackstone stock?

Blackstone, the world’s largest alternative asset manager, also earns a spot on LionTrust’s buy list.

The firm’s diversified exposure across private equity, real estate, infrastructure, and credit allows it to capitalize on multiple macro trends, including rising demand for digital infrastructure and private credit.

“The long-term structural case for these companies is really exceptional,” Uru noted. Despite recent weakness in its share price, Blackstone’s underlying business remains robust, with strong fundraising capabilities and deep institutional relationships, he added.

Uru believes BX will be instrumental in funding the next generation of compute and data center buildouts, sectors poised for multi-year investment cycles, making Blackstone stock worth owning for those who believe in the continued growth of private markets.

Finally, he recommends owning Blackstone shares for the strength of the company’s financials. In April, the asset manager acknowledged potential disruption due to Trump tariffs but reported Q1 profit that handily topped Street estimates.

Note that BX shares currently pay a healthy dividend yield of 2.89%, which makes them all the more exciting to own for those interested in setting up an additional source of passive income.  

The post Top 2 private equity stocks to buy for the second half of 2025 appeared first on Invezz

Statistics Canada released its May Labour Force Survey on Friday (June 6). The data showed that nearly 9,000 new jobs were added to the workforce during the month. The news surprised analysts who were expecting losses of 12,500 as the effects of US trade tariffs began to be felt in the Canadian economy.

The biggest contributors to the gains were 43,000 new workers added in wholesale and retail trade; 19,000 new jobs in the information, culture and recreation category; and 12,000 new employees within the real estate and finance sector.

While these additions were significant, they were offset by the loss of 32,000 jobs in the public administration sector, as well as a decline of 16,000 workers in both the accommodation and food services sector and the transportation and warehousing sector. Additionally, 15,000 jobs were lost in the business, building and support services sector.

Despite the net job gains, unemployment registered a 0.1 percent gain to 7 percent, while the employment rate was stable at 60.8 percent.

Also this week, StatsCan released the Annual Mineral Production Survey for 2023 on Wednesday (June 4). The report showed that total revenues for metal ore mining and non-metallic mineral mining and quarrying industry groups in 2023 decreased by 9.3 percent to C$59.7 billion year-over-year. Meanwhile, expenses rose by 8.6 percent to C$43.2 billion during the same period.

South of the border, the US Bureau of Labor Statistics released May’s Employment Situation Summary on Friday. The report showed that the US labor market remained stable for the month, adding 139,000 nonfarm workers. The report also indicated that unemployment remained unchanged at 4.2 percent, while the participation rate decreased by 0.2 percent to 62.4 percent.

The largest gains were felt in the healthcare sector, which accounted for roughly half of the new jobs at 62,000, while the hospitality sector came in second with 48,000 new jobs. However, the economy was impacted by the loss of an additional 22,000 federal government employees, bringing the total number of federal job losses for the year to 59,000.

Human resources company ADP (NASDAQ:ADP) reported that US private sector employers added 37,000 new jobs in May, the lowest level since March 2023. This growth was wholly concentrated in mid-sized companies, with small and large establishments losing jobs. The natural resources and mining industry lost 5,000 jobs over the period.

Additionally, platinum prices have been on the rise over the last two weeks, highlighted by a nearly 10 percent surge during the past five days to US$1,160.79 per ounce on Friday. The gains may be related to the cancellation of EV tax credits proposed in the US tax bill working its way through Congress, as well as infighting between Tesla (NASDAQ:TSLA) CEO Elon Musk and US President Donald Trump following Musk’s departure from the Trump administration.

The threat has sent ripples through the automotive sector and may cause increased demand on an already stressed platinum market.

Markets and commodities react

In Canada, major indexes were mixed at the end of the week.

The S&P/TSX Composite Index (INDEXTSI:OSPTX) climbed 0.93 percent during the week to close at 26,429.13 on Friday. The S&P/TSX Venture Composite Index (INDEXTSI:JX) had a larger gain of 3.06 percent to 721.60 and the CSE Composite Index (CSE:CSECOMP) rose 1.7 percent to 117.55.

US equities were in positive territory this week, with the S&P 500 (INDEXSP:INX) gaining 1.76 percent to close at 6,000.37, the Nasdaq-100 (INDEXNASDAQ:NDX) rising 2.31 percent to 21,761.79 and the Dow Jones Industrial Average (INDEXDJX:.DJI) adding 1.33 percent to 42,762.88.

The gold price was up this week, gaining 1.02 percent, to close Friday at US$3,322.73. The silver price saw more significant gains, surging 8.92 percent during the period to US$35.91, their highest since 2012.

In base metals, the COMEX copper price rose 4.78 percent over the week to US$4.86 per pound. Meanwhile, the S&P GSCI (INDEXSP:SPGSCI) posted a gain of 3.87 percent to close at 545.00.

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. Companies within the non-energy minerals and energy minerals sectors were considered.

1. Africa Energy (TSXV:AFE)

Weekly gain: 275 percent
Market cap: C$71.87
Share price: C$0.15

Africa Energy is a South Africa-focused oil and gas exploration and development company.

Its flagship asset is Block 11B/12B located approximately 175 kilometers off the south coast of South Africa. The block covers an area of 18,734 square kilometers and depths between 200 meters and 1,800 meters.

Africa Energy previously held a 4.9 percent stake in the project through its 49/51 joint venture with Arostyle Investments named Main Street 1549, which owned 10 percent of the asset. The remaining partners were project operator TotalEnergies (NYSE:TTE) at 45 percent, Qatar Petroleum at 25 percent and CNR International (TSX:CNQ,NYSE:CNQ) at 20 percent.

Main Street 1549’s three partners announced plans to withdraw from the Block 11B/12B joint venture in July 2024, and discussions on restructuring the ownership had been underway since.

Shares in Africa Energy began surging May 29 after Africa Energy announced a definitive agreement for the new ownership structure of the Block 11B/12B asset.

Under the terms of the definitive agreement between Africa Energy and Arostyle Investments, Africa Energy will increase its ownership of Main Street from a 49 percent to 100 percent stake. Additionally, the withdrawing parties assigned 65 percent of their participating interest in Block 11B/12B to Main Street and 25 percent to Arostyle.

The result will see Africa Energy increase its stake in the asset from 4.9 percent to 75 percent.

2. Allegiant Gold (TSXV:AUAU)

Weekly gain: 95 percent
Market cap: C$17.24
Share price: C$0.39

Allegiant Gold is a gold exploration company working to advance several projects in Nevada, United States.

Its flagship project is Eastside, located in Esmeralda County, consists of 973 unpatented lode mining claims covering 8,289 hectares. Nearly 70,000 meters of drilling has been carried out at the property since 2011.

A July 2021 mineral resource estimate showed inferred quantities at the site of 1.09 million ounces of gold with an average grade of 0.55 g/t and 8.7 million ounces of silver with an average grade of 4.4 g/t from 61.73 million tons of ore.

The most recent news from the company was announced on May 29, when it stated that its previously announced one-for-two share consolidation would take effect on Monday, June 2.

3. LaFleur Minerals (CSE:LFLR)

Weekly gain: 89.66 percent
Market cap: C$37.46
Share price: C$0.275

LaFleur Minerals is an exploration and development company working to advance a pair of projects in Quebec, Canada.

Its Swanson Gold project consists of a 15,290 hectare land package in the southern portion of Quebec’s Abitibi gold belt. Historic drilling at the site has uncovered 958 holes, revealing broad mineralization with widths of up to 40 meters. Additionally, the site has also had underground workings to a vertical depth of 80 meters to carry out bulk sampling.

A September 2024 mineral resource estimate suggested total indicated resources of 123,400 ounces of gold from 2.11 million metric tons of ore with an average grade of 1.8 grams per metric ton (g/t) along with additional inferred quantities of 64,500 g/t from 872,000 metric tons with an average grade of 2.3 g/t.

The company’s other property, the Beacon Mill and Mine, is a past-producing mine, also located in the Abitibi gold belt. LaFleur acquired the mine in September 2024 as part of a receivership sale. Monarch Mining previously owned the mine, which has been on care and maintenance since 2022.

Most recently, the mine underwent a C$20 million refurbishment in 2022 and is capable of processing 750 metric tons of ore per day.

Shares in LaFleur gained this week after it announced updates for both properties on Wednesday.

At Swanson, it stated that it was planning a 5,000-meter drilling program, set to begin in June, with more than 50 targets having been identified. Additionally, the company announced that it is targeting early 2026 for the restart.

4. Eastern Platinum (TSX:ELR)

Weekly gain: 84.85 percent
Market cap: C$37.46
Share price: C$0.305

Eastern Platinum, also known as Eastplats, is a platinum group metal (PGM) and chrome mining, development and exploration company working to advance assets in South Africa.

Its most advanced asset is the Crocodile River mine, located northwest of Johannesburg. The mine began operating in 1987, but production was suspended in the early 1990s due to falling PGM prices. Since then, the mine saw some limited production in the early 2000s before once again being suspended.

After significant rehabilitation, chrome and PGM production from site tailings was restarted at the site in 2018 and 2020 respectively, and underground operations at the Zandfontein mine restarted in October 2023. In October of last year, Eastplats began commissioning a PGM processing plant that will process ore from Zandfontein.

A technical report from May 2022 demonstrated a proven and probable resource of 1.72 million ounces of platinum, palladium, rhodium and gold, with an average grade of 3.68 g/t from 14.58 million metric tons of ore.

Although the company did not release news this week, shares in Eastplats gained alongside a surging platinum price.

5. TNR Gold (TSXV:TNR)

Weekly gain: 58.33 percent
Market cap: C$15.06
Share price: C$0.095

TNR Gold is an exploration and royalty company with a focus on the acquisition of green energy and gold assets.

The company owns the Shotgun Gold project in Alaska’s Kuskokwim Gold Belt. The property consists of 108 claims covering an area of 6,993 hectares. A 2013 technical report showed inferred quantities of 705,960 ounces of gold from 20.73 million metric tons of gold with an average grade of 1.06 g/t with a cutoff of 0.5 g/t.

Its royalty investments include a 1.5 percent net smelter royalty from Ganfeng Lithium’s (OTC Pink:GNENF) Marina Lithium project in Argentina. It also holds a 0.4 percent net smelter royalty in McEwen Mining’s (NYSE:MUX,TSX:MUX) Los Azules Copper, Gold and Silver Project, also in Argentina.

The latest news from TNR came on May 14 when it released a corporate update. In the release the company highlighted its success from the royalty portion of its business, and provided updates from its key investments.

It also said it was looking to attract a partnership with a major gold mining company to help advance its Alaskan Shotgun project.

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.

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The Transportation Security Administration clarified this week that a Costco membership card is not sufficient to present at airport security. 

‘We love hotdogs & rotisserie chickens as much as the next person but please stop telling people their Costco card counts as a REAL ID because it absolutely does not,’ the TSA wrote on Facebook Wednesday. 

The reminder comes less than a month after the U.S. began requiring a REAL ID driver’s license when flying domestically May 7. 

Aside from REAL IDs, which have enhanced federal standards, domestic flyers can also use their passports or another federally-approved form of identification like Defense Department-issued IDs (but not a Costco card). 

‘Department of Defense IDs for active and retired military continue to be an acceptable form of ID at TSA checkpoints following the implementation of REAL ID last month,’ the TSA wrote on Facebook Thursday. 

REAL IDs were available for years before the requirement went into effect after a 2005 law passed based on recommendations from the 9/11 Commission report. 

With many procrastinating until shortly before the deadline, DMV centers were inundated with long lines in April and early May, and there was confusion about what forms of identification, such as a passport, birth certificate or Social Security card, were acceptable at a DMV to secure a REAL ID. 

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