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  • Top 5 Canadian Mining Stocks This Week: St. Augustine Gains 67 Percent

    Top 5 Canadian Mining Stocks This Week: St. Augustine Gains 67 Percent

    Statistics Canada released its monthly mineral production report for May 2025 on Monday (July 21). The data shows that the production of both copper and silver increased from April. Copper output rose to 36.3 million kilograms from 35.85 million in April, and silver increased to 26,502 kilograms from 25,412. Meanwhile, gold production decreased marginally to 16,518 kilograms from 16,640 the previous month.

    However, shipments were up across the board. Copper shipments rose to 34.34 million kilograms compared to 30.01 million kilograms in April. Silver increased to 26,376 kilograms, up considerably from 22,106 kilograms a month earlier. Gold shipments saw a slighter gain, rising to 14,858 kilograms from 14,660 kilograms in April.

    The report comes amid heightened uncertainty due to tariff threats from the United States.

    On Friday (July 25), President Donald Trump stated that the US and Canada may not reach a new trade deal, implying that there may not be further negotiations, and suggested that Canada may “just pay tariffs.”

    Earlier in the month, the White House sent letters to several nations, informing them that tariffs would take effect on August 1 if no deal was reached before that time. The US threatened Canada with a 35 percent tariff on all goods not covered under the current Canada-United States-Mexico Agreement (CUSMA), which was negotiated during Trump’s first term in office.

    The president’s remarks come after Canadian Trade Minister Dominic LeBlanc said that he felt encouraged following meetings earlier in the week with US representatives, including Commerce Secretary Howard Lutnick.

    Markets and commodities react

    In Canada, equity markets were positive this week. The S&P/TSX Composite Index (INDEXTSI:OSPTX) gained 0.29 percent to close at 27,494.35 on Friday, setting a new all-time high, while the S&P/TSX Venture Composite Index (INDEXTSI:JX) rose 0.55 percent to 801.13. The CSE Composite Index (CSE:CSECOMP) was the largest gainer, jumping 3.87 percent to 132.89.

    As for US equity markets, the S&P 500 (INDEXSP:INX) gained 1.18 percent to 6,388.65 and the Nasdaq 100 (INDEXNASDAQ:NDX) climbed 0.62 percent to 23,285.57, with both closing the week setting new all-time highs. The Dow Jones Industrial Average (INDEXDJX:.DJI) rose 0.74 percent to 44,901.93, closing in on its record of 45,014 set on December 4, 2024.

    In precious metals, the gold price was flat, ending the week down slightly at US$3,337.31 by Friday at 4 p.m. EDT. Meanwhile, the silver price continued to trade near 11-year highs mid-week, but fell to finish the week flat at US$38.15 per ounce.

    In base metals, copper posted a 3.93 percent gain, trading near all time highs at US$5.82 per pound. The S&P GSCI (INDEXSP:SPGSCI) registered a 0.75 percent loss to finish the week at 545.08

    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. St. Augustine Gold and Copper (TSX:SAU)

    Weekly gain: 66.67 percent
    Market cap: C$414.68 million
    Share price: C$0.5

    St. Augustine Gold and Copper is a development company focused on its King-king copper-gold project in the Philippines’ Davao de Oro province. The project consists of 184 mining claims.

    According to the latest preliminary economic assessment from 2013, the company projects an after-tax net present value of US$1.78 billion, with an internal rate of return of 24 percent and a payback period of 2.4 years using a base case scenario of a copper price of US$3.00 per pound and a gold price of US$1,250 per ounce.

    The company is currently working toward an update to the study.

    On May 30, St. Augustine announced that it had entered into an agreement with the National Development Corporation (Nadecor) to acquire a 100 percent interest in Nadecor’s wholly owned subsidiary Kingking Milling, which holds the development rights to King-king.

    Under the terms of the deal, Nadecor will receive C$9.02 million convertible into 185 million shares.

    The project’s exploration and development permits are held by Kingking Mining, which remains a 40/40/20 joint venture between St. Augustine, Nadecor and Queensberry Mining and Development. The release also includes details of new ore sales and royalty agreements between Kingking Milling and Kingking Mining.

    The company announced its latest news on Friday, reporting that it had closed a private placement, raising gross proceeds of C$24.9 million. In the announcement, the company said it intends to use the funds to advance development at King-king.

    Additionally, the company reported on Thursday that Nicolaos Paraskevas and Andrew J. Russell had joined the board of directors. It notes that Paraskevas has experience in supervising business development activities in the copper industry, while Russell is one of the original founders of St. Augustine and brings two decades of experience in mining management. The announcement also reported that Love D. Manigsaca had been appointed as St. Augustine’s new CFO.

    2. Kapa Gold (TSXV:KAPA)

    Weekly gain: 62.12 percent
    Market cap: C$19.66 million
    Share price: C$0.30

    Kapa Gold is an exploration company focused on advancing the past-producing Blackhawk gold mine in San Bernardino County, California.

    The project site is composed of seven patented and 178 contiguous federal lode claims covering 1,496.2 hectares. The property hosts multiple mineralized zones with previous exploration work revealing deposits with high grade gold, silver, lead and zinc. Historic production from ramps and underground mines has graded an average 10 grams per metric ton (g/t) gold.

    Kapa’s most recent news from the project was reported on March 5, when it announced it had initiated biological surveys in advance of exploration activities on the site and submitted the requested bonding to San Bernardino County, allowing for drilling on patented claims at Blackhawk.

    3. North Peak Resources (TSXV:NPR)

    Weekly gain: 47.3 percent
    Market cap: C$47.28 million
    Share price: C$1.09

    North Peak Resources is an exploration company working to advance its Prospect Mountain Mine Complex in Central Nevada, US.

    The property comprises 221.9 acres of patented claims and 1,905 acres of unpatented claims, consolidating several historical mines that have hosted operations dating back to the 1870s.

    Despite the extensive history of the property, limited modern exploration work has been conducted, and a technical report from April 2023 notes that no mineral resource estimate has been produced. Part of the property is currently covered by a plan of operation that entitles North Peak to carry out surface exploration, infrastructural works and underground mining of up to 331,000 metric tons per year.

    The most recent exploration update from the property was released on May 27, when North Peak announced results from samples collected from underground and surface historical occurrences. Highlights included grades of 45.6 g/t gold, 569 g/t silver, 4.09 percent lead and 3.12 percent zinc over 15 cm from channel samples of in-situ material from the Dean Cave area; and 5.3 g/t gold, 39 g/t silver, 7.03 percent lead and 1.92 percent zinc from dump grab samples collected from the Kit Carson mine.

    The latest news from the company came on Monday, when North Peak announced it had acquired the remaining 20 percent stake in the property from Solarljos in exchange for 3 million common shares. North Peak purchased its original 80 percent interest in the property in August 2023.

    4. NextSource Materials (TSX:NEXT)

    Weekly gain: 46.15 percent
    Market cap: C$92.46 million
    Share price: C$0.475

    NextSource Materials is a mining and exploration company focused on advancing its Molo graphite mine to Phase 2 production.

    The mine is located in Southern Madagascar and has a nameplate capacity of 11,000 metric tons per year, with a fixed carbon content between 94 percent and 97 percent. The company is currently working towards a Phase 2 expansion at the mine, which will increase capacity to 150,000 metric tons per year. NextSource expects to complete an updated feasibility study for the project by the end of Q3 2025.

    The company is also developing a series of battery anode facilities in key geographic locations. The facilities will be designed with modular production capacities that are intended to expand in line with automotive demand.

    The most recent announcement from NextSource came on June 2, when it announced its withdrawal from its battery anode facility option in Mauritius, instead planning to develop a larger-scale facility in the Middle East, which would help streamline permitting and increase access to EV manufacturers. The company stated it is advancing discussions with EV manufacturers for potential offtake agreements.

    5. BeMetals (TSXV:BMET)

    Weekly gain: 44.44 percent
    Market cap: C$10.3 million
    Share price: C$0.065

    Bemetals is a gold and copper explorer advancing its Pangeni copper project in Zambia.

    The project is located in Northwestern Zambia along the western edge of the Central African Copperbelt. BeMetals has been actively exploring the property since 2020 and identified several areas with copper mineralization.

    The most recent update from the property came on March 25 when the company reported that it had commenced a new 2,000 meter to 2,500 meter drilling program to identify additional zones of copper mineralization and expand the existing footprint within the D-Prospect area.

    Previous exploration at the site has yielded highlighted assays with up to 0.74 percent copper and 533 parts per million (ppm) cobalt over 16.16 meters, including an intersection of 0.93 percent copper and 701 ppm cobalt over 5.5 meters.

    On July 10, BeMetals announced that it had entered into a non-binding letter of intent with Prospector Metals (TSXV:PPP,OTCQB:PMCOF) to acquire up to a 100 percent stake in the Savant gold project in Northwestern Ontario, Canada. The property covers an area of 232 square kilometers and hosts numerous gold occurrences. Under the terms of the agreement, BeMetals has agreed to meet certain milestones, including the production of a mineral resource estimate.

    Final ownership share will be determined by the size of the reported resource. If the reported resource is under 500,000 ounces of contained gold, Prospector will retain full ownership. If it is between 500,000 and 1 million ounces, Prospector and BeMetals will form a 50/50 joint venture. Lastly, if the resource is over 1 million ounces, with at least 500,000 ounces in the indicated category, BeMetals will earn the full 100 percent interest, with Prospector holding a 0.5 percent net smelter royalty.

    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

  • Microsoft’s Satya Nadella says job cuts have been ‘weighing heavily’ on him

    Microsoft’s Satya Nadella says job cuts have been ‘weighing heavily’ on him

    Microsoft has laid off over 15,000 people so far in 2025. The stress of the belt-tightening has gotten to CEO Satya Nadella.

    “Before anything else, I want to speak to what’s been weighing heavily on me, and what I know many of you are thinking about: the recent job eliminations,” Nadella wrote in a memo to employees Thursday.

    After Microsoft’s latest labor reductions, investors pushed the stock’s closing price above $500 for the first time on July 9. The company announced the layoffs of about 9,000 people a week earlier. Microsoft employed 228,000 people as of June 2024. It hasn’t provided a new figure that takes into account its layoffs this year, but Nadella wrote that headcount is basically flat.

    “This is the enigma of success in an industry that has no franchise value,” he wrote. “Progress isn’t linear. It’s dynamic, sometimes dissonant, and always demanding. But it’s also a new opportunity for us to shape, lead through, and have greater impact than ever before.”

    The cuts at Microsoft are reflective of an overall trend across the tech industry, with over 80,000 positions eliminated to date in 2025, according to one count. Recruit Holdings announced earlier this month that it would lay off 1,300 people from its human resources technology segment that includes the Indeed and Glassdoor websites. The company’s CEO pointed to artificial intelligence in a memo, Bloomberg reported.

    On social media in recent months, some Microsoft employees have become disheartened about the company’s cutbacks, given its stature.

    “I have loved working for this company, still do, but this has done so much damage to that loyalty because it has shown that Microsoft’s espoused values do not apply to business decisions at the macro level,” a person who lists themselves as a Microsoft directed on LinkedIn posted last week.

    Microsoft is the world’s most valuable public company after Nvidia, whose chips have become a critical piece of the AI arms race. Microsoft’s Windows and Office franchises remain dominant, and its Azure cloud services have seen faster growth in recent years as OpenAI and other companies rent out Nvidia graphics cards to run AI models.

    In the memo, Nadella touched on Microsoft’s mission for the past 10 years, which has been to empower every person and every organization on the planet to achieve more, and how the rise of AI is changing it.

    “We must reimagine our mission for a new era,” he wrote. “What does empowerment look like in the era of AI? It’s not just about building tools for specific roles or tasks. It’s about building tools that empower everyone to create their own tools. That’s the shift we are driving — from a software factory to an intelligence engine empowering every person and organization to build whatever they need to achieve.”

    This post appeared first on NBC NEWS

  • FCC greenlights Paramount’s $8 billion merger with entertainment group Skydance

    FCC greenlights Paramount’s $8 billion merger with entertainment group Skydance

    Trump administration regulators have approved Skydance Media’s $8 billion bid to acquire CBS News parent company Paramount, paving the way for a tectonic shift in ownership of one of America’s three major networks.

    The Federal Communications Commission said Thursday that it had approved the acquisition, with FCC Chairman Brendan Carr adding in a news release that the move would bring change to the company’s news coverage. Paramount owns CBS, which includes CBS News.

    ‘Americans no longer trust the legacy national news media to report fully, accurately, and fairly. It is time for a change,’ Carr said. ‘That is why I welcome Skydance’s commitment to make significant changes at the once storied CBS broadcast network. In particular, Skydance has made written commitments to ensure that the new company’s programming embodies a diversity of viewpoints from across the political and ideological spectrum.’

    ‘Today’s decision also marks another step forward in the FCC’s efforts to eliminate invidious forms of DEI discrimination,’ Carr added.

    David Ellison; Shari Redstone.AP; Getty Images

    In recent days, Paramount’s new owner made a number of concessions to the FCC, including agreeing to not implement any diversity, equity or inclusion programs. Skydance also said it would ‘undertake a comprehensive review’ of CBS and ‘will commit, for a period of at least two years, to have in place an ombudsman.’ That role would report to the president of the new company.

    A number of companies that have billion-dollar transactions pending before Carr’s FCC have also backed off of DEI programs, including Verizon and T-Mobile.

    The concessions also came after Paramount Global settled a lawsuit with President Donald Trump for $16 million. Trump brought that suit, saying the way CBS edited a ’60 Minutes’ interview with former Vice President Kamala Harris was ‘election and voter interference.’

    The lone Democrat in FCC leadership, Commissioner Anna Gomez, did not mince words about the push to secure promises from the companies.

    “After months of cowardly capitulation to this Administration, Paramount finally got what it wanted,’ she said in an emailed statement.

    ‘In an unprecedented move, this once-independent FCC used its vast power to pressure Paramount to broker a private legal settlement and further erode press freedom,’ she added. ‘Once again, this agency is undermining legitimate efforts to combat discrimination and expand opportunity by overstepping its authority and intervening in employment matters reserved for other government entities with proper jurisdiction on these issues.’

    ‘Even more alarming, it is now imposing never-before-seen controls over newsroom decisions and editorial judgment, in direct violation of the First Amendment and the law.’

    Skydance is run by David Ellison, son of Oracle founder and Trump ally Larry Ellison. While the younger Ellison made a donation to President Joe Biden’s re-election fund in February 2024 shortly before the former president bowed out of the race, Trump recently signaled his comfort with his takeover of Paramount and its assets, which in addition to CBS News include Nickelodeon, Comedy Central, The CW, MTV, BET and film franchises like “Smurfs” and “Sonic the Hedgehog.”

    “Ellison is great. He’ll do a great job with it,” Trump said in June.

    There is likely to be a sea change in the editorial direction of CBS News under its new ownership. In a recent filing, Ellison and Skydance said they’d told Carr that they were committed to pursuing a focus on “American storytelling” while touting a new, “unbiased” editorial direction for CBS News. Their meeting came shortly after Paramount agreed to settle Trump’s lawsuit.

    It also came just days after CBS announced it was canceling “The Late Show,” currently hosted by Stephen Colbert — an announcement Trump praised on social media. Colbert had recently criticized the parent company’s multimillion-dollar settlement with Trump, while CBS said the cancellation was “purely a financial decision against a challenging backdrop in late night.”

    There had been signs of an editorial shift ahead of the merger. Most notably, longtime “60 Minutes” editor Bill Owens announced he was stepping down this spring, citing CBS News’ fading editorial independence. Shortly after, CBS News President and CEO Wendy McMahon was pushed out. Last week, The New York Times reported Skydance was in early talks to acquire the conservative-leaning The Free Press media outlet. Meanwhile, “Daily Show” host Jon Stewart has said he did not know whether his program would survive the merger.

    Skydance has spent years pursuing Paramount and eventually realized it could successfully execute the transaction by purchasing Paramount’s parent, National Amusements, the company once helmed by Sumner Redstone, the father of the company’s current chairwoman, president and CEO, Shari Redstone. Yet the proposed deal continued to face hurdles, first under the Biden administration then at the outset of Trump’s term. Its approval came in what was its third deadline extension period.

    This post appeared first on NBC NEWS

  • Momentum Leaders Are Rotating — Here’s How to Find Them

    Momentum Leaders Are Rotating — Here’s How to Find Them

    Is the market’s next surge already underway? Find out with Tom Bowley’s breakdown of where the money is flowing now and how you can get in front of it.

    In this video, Tom covers key moves in the major indexes, revealing strength in transports, small caps, and home construction. He identifies industry rotation signals, which are pointing to aluminum, recreational products, and furnishings. Tom then demonstrates how to use StockCharts’ tools to scan for momentum stocks in emerging leadership groups — see why SGI tops Tom’s list. He ends with a discussion of post-earnings reactions from major names like GOOGL, TSLA, IBM, and LVS. 

    And, of course, Tom wraps every idea with clear chart setups you can act on today. 

    This video premiered on July 24, 2025. Click this link to watch on Tom’s dedicated page.

    Missed a session? Archived videos from Tom are available at this link.

  • S&P 500 Breaking Out Again: What This Means for Your Portfolio

    S&P 500 Breaking Out Again: What This Means for Your Portfolio

    The S&P 500 ($SPX) just logged its fifth straight trading box breakout, which means that, of the five trading ranges the index has experienced since the April lows, all have been resolved to the upside.

    How much longer can this last? That’s been the biggest question since the massive April 9 rally. Instead of assuming the market is due to roll over, it’s been more productive to track price action and watch for potential changes along the way. So far, drawdowns have been minimal, and breakouts keep occurring. Nothing in the price action hints at a lasting change — yet.

    While some are calling this rally “historic,” we have a recent precedent. Recall that from late 2023 through early 2024, the index had a strong start and gave way to a consistent, steady trend.

    From late October 2023 through March 2024, the S&P 500 logged seven consecutive trading box breakouts. That streak finally paused with a pullback from late March to early April, which, as we now know, was only a temporary hiccup. Once the bid returned, the S&P 500 went right back to carving new boxes and climbing higher.

    New 52-Week Highs Finally Picking Up

    If there’s been one gripe about this rally, it’s that the number of new highs within the index has lagged. As we’ve discussed before, among all the internal breadth indicators available, new highs almost always lag — that’s normal. What we really want to see is whether the number of new highs begins to exceed prior peaks as the market continues to rise, which it has, as shown by the blue line in the chart below.

    As of Wednesday’s close, 100 S&P 500 stocks were either at new 52-week highs or within 3% of them. That’s a strong base. We expect this number to continue rising as the market climbs, especially if positive earnings reactions persist across sectors.

    Even when we get that first day with 100+ S&P 500 stocks making new 52-week highs, though, it might not be the best time to initiate new longs.

    The above chart shows that much needs to align for that many stocks to peak in unison, which has historically led to at least a short-term consolidation, if not deeper pullbacks — as highlighted in yellow. Every time is different, of course, but this is something to keep an eye on in the coming weeks.

    Trend Check: GoNoGo Still “Go”

    The GoNoGo Trend remains in bullish mode, with the recent countertrend signals having yet to trigger a greater pullback.

    Active Bullish Patterns

    We still have two live bullish upside targets of 6,555 and 6,745, which could be with us for a while going forward. For the S&P 500 to get there, it will need to form new, smaller versions of the trading boxes.

    Failed Bearish Patterns

    In the chart below, you can view a rising wedge pattern on the recent price action, the third since April. The prior two wedges broke down briefly and did not lead to a major downturn. The largest pullbacks in each case occurred after the S&P 500 dipped below the lower trendline of the pattern.

    The deepest drawdown so far is 3.5%, which is not exactly a game-changer. Without downside follow-through, a classic bearish pattern simply can’t be formed, let alone be broken down from.

    We’ll continue to monitor these formations as they develop because, at some point, that will change.

  • US and Israel urgently need to replenish weapons stockpiles after 12-day war, defense analysts warn

    US and Israel urgently need to replenish weapons stockpiles after 12-day war, defense analysts warn

    A Jewish-American national security group is sounding an alarm about how America and Israel’s enemies may exploit low missile stockpiles after the 12-day war with Iran.  

    Defending Israel and the Al Udeid Air Base in Qatar from Iranian counterstrikes cost the U.S. and Israel between $1.48 billion to $1.58 billion, according to an analysis by the Jewish Institute for National Security of America (JINSA), and burned through a large portion of missile interceptor stockpiles. 

    Both the U.S. and Israel now face an ‘urgent need’ to replace those stocks and sharply increase production rates. 

    The U.S. had roughly 632 Terminal High Altitude Area Defense (THAAD) interceptors before June 13, the day Israel began its offensive in Iran. About 540 interceptors remain in its arsenal based on JINSA’s calculations of interceptor deliveries and use, according to the report. 

    In addition, the two Patriot missile interceptor systems responsible for defending Al Udeid, the U.S.’s largest base in the Middle East that’s home to 10,000 soldiers, reportedly used roughly 30 Patriot interceptors against the 14 Iranian ballistic missiles targeting the site June 23, The interceptors cost about $3.7 million each, totaling $111 million.

    Iran launched 574 medium-range ballistic missiles toward Israel and the U.S. airbase in Qatar after Tel Aviv and Washington conducted strikes on Iranian military and nuclear sites between June 13 and June 24, when the conflict ended in Iran’s counterstrike in Qatar.

    Lt. Gen. Thomas Bergeson, former chief of U.S. Central Command, said the U.S. and its allies needed to do more to invest in nonkinetic interception mechanisms,or systems that can neutralize a threat without explosive force, would be much cheaper in defending against future attacks. 

    ‘There’s any number of operational test and developmental testing going on with a cheaper bullet than a multibillion-dollar interceptor to shoot down a relatively inexpensive missile or UAS,’ he said. ‘Any electro-magnetic interference capability, a microwave laser EMP, whatever that can screw up, the guidance system or the proportion of that particular system is something that could be cheaper.

    ‘You can have literally hundreds if not thousands of rounds in one interceptor at very low cost.’

    While the cost for the U.S. and Israel was high, the cost for Iran was greater — between $1.1 billion and $6.6 billion. Air defenses saved Israel about $13.5 billion in property damage.

    Iran used up between a third and a half of its ballistic missile arsenal during the 12-day conflict, suggesting Iranian assertions it could have continued striking Israel for years if it wanted were overblown. 

    Replacing its missile stockpiles will be even more costly given that Israel struck many of its launchers and production sites. 

    But the U.S. used up 14% of its global stockpile of prized THAAD missile interceptors. America’s THAAD system accounted for nearly half of all interceptions due to ‘insufficient’ capacity of Israel’s Arrow interception system. 

    It would take three to eight years to replenish the THAAD interceptors used in the 12-day war at current production rates. 

    Patriot interceptor production is more robust than THAAD, according to the report, but the U.S. is providing a number of Patriot interceptors to Ukraine. So, it’s unclear how many remain in the stockpile. 

    If the U.S. and Israel fail to urgently replenish their interceptor inventories — especially THAAD and Patriot systems — they risk entering the next crisis with dangerously thin defenses, according to the report. Adversaries may take note of the extended gap between munitions use and stockpile replenishment, which leaves U.S. bases across the world open to vulnerabilities. 

    ‘Iran’s large-scale missile campaign may have revealed vulnerabilities in Israeli and U.S. air defense systems, providing lessons that Iran or other U.S. adversaries could exploit in the future,’ the report said.

    The Pentagon could not immediately be reached for comment on its plan to replenish missile interceptor stocks.

    This post appeared first on FOX NEWS

  • Ron Klain dodges reporters after marathon grilling in Biden cover-up probe

    Ron Klain dodges reporters after marathon grilling in Biden cover-up probe

    Ex-President Joe Biden’s former chief of staff ignored reporters on his way out of an interview with congressional investigators on Thursday after a marathon grilling behind closed doors.

    Ronald Klain served as White House chief of staff for the first half of Biden’s term. He also reportedly played a key role in helping the former leader prepare for what proved to be a disastrous first and only 2024 election debate against current President Donald Trump.

    Klain sat with staff and some lawmakers on the House Oversight Committee for hours for a voluntary transcribed interview.

    Committee Chair James Comer, R-Ky., earlier told reporters that the interview was going well just after the session broke for lunch.

    ‘I think we’re having a very good transcribed interview. Mr. Klain is being fairly responsive to our questions,’ Comer said.

    Comer is investigating whether Biden’s top White House aides concealed signs of mental decline in the then-president, and if that meant executive actions were signed via autopen without his knowledge.

    Lawmakers who briefly attended the interview, however, called him ‘credible.’

    ‘I think he is telling what he knows accurately,’ Rep. Andy Biggs, R-Ariz., told Fox News Digital.

    On the other side of the aisle, Rep. Ro Khanna, D-Calif., told reporters, ‘He answered every single question. He was fully cooperative.’

    Comer was guarded, however, in response to questions about how much new information was gleaned.

    ‘There have been tidbits,’ he said. ‘We’ve asked specific questions. Obviously, evidence emerges on a daily basis that would suggest Joe Biden wasn’t mentally fit to be President of the United States.’

    Klain is the sixth former Biden administration aide to appear for Comer’s probe and the third to appear voluntarily.

    Former White House physician Kevin O’Connor, as well as senior advisors Annie Tomasini and Anthony Bernal, all appeared under subpoena.

    Each also pleaded the Fifth Amendment to avoid answering questions.

    Longtime Biden aide Ashley Williams and former staff secretary Neera Tanden both appeared voluntarily.

    Like the previous five before him, the longtime Democratic operative did not answer questions from reporters either before or after his interview.

    This post appeared first on FOX NEWS

  • GREGG JARRETT: Newly declassified documents destroy Russian collusion hoax

    GREGG JARRETT: Newly declassified documents destroy Russian collusion hoax

    Lies and lying people comprise the sorry epitaph of Barack Obama’s presidency.  

    The Big Lie was that then-candidate Donald Trump colluded with Russia to rig the 2016 presidential election. It derived from a phony dossier commissioned and financed by former Secretary of State Hillary Clinton that Obama’s national security team happily peddled to destroy his successor.  

    It begat an even bigger whopper that ‘Putin and the Russian Government developed a clear preference for President-elect Trump’ and ‘aspired to help’ his election chances. This notorious deceit was inserted in the official Intelligence Community Assessment (ICA) that was ordered by Obama himself and conjured up by his CIA Director John Brennan.  

    None of it was true. 

    The bogus dossier was exploited to justify the ICA. Conversely, the ICA was used to legitimize the dossier. The circular faux verification was a clever ruse. And it worked splendidly. When both documents were leaked to the gullible Trump-hating media, journalists adopted them without question as sacred gospel from the Holy Book of Obama. The Russia hoax took off like a rocket.  

    It crash-landed on Wednesday, July 23, when Tulsi Gabbard, the director of National Intelligence, accused Obama, Brennan and others of engineering the false intelligence. ‘They knew it would promote this contrived narrative that Russia interfered in the 2016 election to help President Trump win, selling it to the American people as though it were true. It wasn’t,’ she added.  

    Newly declassified documents show that a December 8, 2016, draft of Obama’s Presidential Daily Briefing (PDB) debunked the notion of Russian electoral meddling to help Trump. But wait … that was problematic because it did not conform to the preferred narrative of Trump-Russia collusion. So, FBI Director James Comey and his cohorts reportedly scuttled it. That way, Trump, as president-elect, could not be briefed on its contents.   

    The next day Obama convened a highly confidential meeting at the White House. The president ordered his intelligence cronies to expedite a new ICA that would reverse the PDB’s conclusion and energize the collusion fiction. With his marching orders in hand, Brennan immediately went to work on it. 

    His challenge was devising a way to contort the known evidence and contradict the consensus of nearly everyone else in the intelligence community. No problem. CIA experts on Russia who strenuously objected were sidelined and silenced. Brennan ignored their warning that there was no direct evidence that Russian President Vladimir Putin wanted to elect Trump.  

    Other intel agencies that typically contribute to the assessment were deliberately excluded to stifle dissent. Evidence shows that Brennan then selected a handful of sycophants — with only one principal drafter — to craft the entire ICA that bore little resemblance to the truth and established facts.  

    On January 6, 2017, the rushed-to-completion ICA was produced. It offered a remarkable transformation from the earlier PDB: ‘Putin and the Russian Government aspired to help President-Elect Trump’s election chances when possible by discrediting Secretary Clinton and publicly contrasting her unfavorably to him.’ (Page 7 of ICA)  

    The head-spinning about-face of intel conclusions was an immaculate conception of corrupt handicraft that belongs in the Intelligence Hall of Shame.  

    Although Brennan denied it, numerous delusions drawn from the fake dossier were placed in the formal intelligence assessment to give it the sustenance that it otherwise lacked. Armed with both fallacious documents, Comey then met with Trump later that day in a devious but misbegotten scheme to entrap him. It failed miserably because the newly elected president had no idea what the FBI director was talking about.        

    Obama’s dirty fingerprints were all over the cooked-up intelligence claiming that Moscow helped Trump in some grand collusion conspiracy. On Wednesday, Gabbard held a news conference to lift the veil of secrecy and malevolence. She leveled the following broadside:  

    ‘President Obama, Hillary Clinton, John Brennan, James Clapper, James Comey and others, including their mouthpieces in the media, knowingly lied as they repeated the contrived narrative that was created in this January 2017 intelligence community assessment with high confidence, as though it were fact.’   

    Mincing no words, Gabbard accused Brennan of lying about his use of the dossier even though he knew it was a discredited and politically manufactured document. ‘He directed senior CIA officials to use it anyway,’ she said.  

    Other intel agencies that typically contribute to the assessment were deliberately excluded to stifle dissent. 

    As ‘irrefutable proof,’ she unlocked the 2020 report of the House Intelligence Committee that had never before been seen publicly, thanks to the machinations of then-Rep. Adam Schiff, D-Calif., who buried it as classified in a limited-access vault at CIA headquarters. The report outlined in detail the events that I summarized above. 

    It was easy to do so because many of them are contained in the book I wrote six years ago, ‘Witch Hunt:’ ‘John Brennan was instrumental in proliferating the dossier. But even before the Clinton campaign and Democrats funded Christopher Steele’s project to smear Trump with the collusion hoax, the seeds of the collusion narrative were germinated by none other than Brennan.’ (Pages 66-67)  

    I recounted how Brennan boasted to the House Intel Committee in May of 2017 that he had been the first to alert the FBI about collusion. ‘As he exerted uncommon pressure on the FBI to pursue a counterintelligence probe on Trump, he resolved to help spread the false allegations to Congress and the media. He politicized phony intelligence and instigated the fraudulent case against Clinton’s opponent.’ (Page 68) 

    The Russians never had ‘Kompromat’ (compromising material) on Trump, as the dossier falsely accused. But they apparently did have it on Hillary. And that proved quite a stunner on Wednesday.  

    The heretofore hidden House Intelligence report reveals how Russian intelligence ‘possessed DNC communications that in 2016 Clinton was suffering from ‘intensified psycho-emotional problems, including uncontrolled fits of anger, aggression, and cheerfulness.’ Clinton was placed on a daily regimen of ‘heavy tranquilizers’ and while afraid of losing, she remained ‘obsessed with a thirst for power.’’  

    Obama and Democrat Party bosses apparently knew all about Clinton’s mental instability and found it ‘extraordinarily alarming.’ So much so, they worried it might have a ‘serious negative impact’ on the November election.    

    Unlike the dossier, those shocking discoveries were not just idle gossip. The committee reviewed reams of source material and obtained corroboration during some 20 interviews with FBI agents and intelligence officers.  

    How did the Russians get their hands on the damaging material? The report explains that Putin ordered hacking operations on the Clinton campaign and the Democratic National Committee. It seems that since Putin believed Hillary would win the election, he held the ‘Kompromat’ in his back pocket to use as potential blackmail for later use. 

    His challenge was devising a way to contort the known evidence and contradict the consensus of nearly everyone else in the intelligence community. No problem. CIA experts on Russia who strenuously objected were sidelined and silenced.

    In sending a criminal referral for possible prosecution to the Justice Department, Gabbard stated, ‘The evidence that we have found and that we have released directly point to President Obama leading the manufacturing of this intelligence assessment.’ 

    In response, the DOJ announced that it had formed a ‘strike force’ to fully assess all the evidence and to investigate the next legal steps. Attorney General Pam Bondi vowed to ‘leave no stone unturned to deliver justice.’  

    Obama denies any wrongdoing. But he should thank Trump for winning the recent landmark Supreme Court decision that provides all presidents with immunity. Ironically, the former president can now hide behind its broad protections. However, no such shield extends to others involved.  

    It is folly to predict at this stage what prosecutions, if any, the future may hold. But the stain of corruption is already embedded in the epitaph of Obama’s presidency.   

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  • Homeless people can be removed from streets by cities, states in new Trump executive order

    Homeless people can be removed from streets by cities, states in new Trump executive order

    As part of his effort to ‘Make America Safe Again,’ President Donald Trump signed an executive order to allow cities and states to remove homeless people off the streets and into treatment centers. 

    Trump signed the order, ‘Ending Vagrancy and Restoring,’ Thursday afternoon. 

    The order states that the ‘number of individuals living on the streets in the United States on a single night during the last year of the Biden administration — 274,224 — was the highest ever recorded.’ 

    It directs Attorney General Pam Bondi to ‘reverse judicial precedents and end consent decrees’ stopping or limiting cities and states from removing homeless individuals from the streets and moving them to treatment centers. 

    Though it is unclear how much money will be allocated to the effort, Trump’s order redirects federal funds to ensure that removed homeless individuals are sent to rehabilitation, treatment and other facilities.

    Additionally, the order requires Bondi to partner with Health and Human Services Secretary Robert F. Kennedy Jr., Housing and Urban Development Secretary Scott Turner and Transportation Secretary Sean Duffy to prioritize federal grants to cities and states that ‘enforce prohibitions on open illicit drug use, urban camping and loitering, and urban squatting, and track the location of sex offenders,’ according to USA Today. 

    The order also stipulates that discretionary grants for substance-use disorder prevention, treatment and recovery programs ‘do not fund drug injection sites or illicit drug use.’ 

    Homelessness increased in the U.S. by 18% from 2023 to 2024, according to Housing and Urban Development’s annual homelessness assessment report released in January. 

    Trump has previously vowed to clean up American cities, especially the nation’s capital of Washington.

    Speaking in March, Trump said, ‘We’re going to have a crime-free capital. When people come here, they’re not going to be mugged or shot or raped. They’re going to have a crime-free capital again. It’s going to be cleaner and better and safer than it ever was. And it’s not going to take us too long.’ 

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  • What James Carville doesn’t get about voter priorities

    What James Carville doesn’t get about voter priorities

    Writing in the New York Times on Monday, longtime Democratic political strategist James Carville outlined a compelling message for Democrats to unite around ahead of the 2026 midterms.

    Carville urged Democrats to delay the ‘civil war’ that will eventually erupt between the party’s moderate and progressive wings, and to coalesce around a single ‘oppositional message’ focused entirely on repealing President Donald Trump’s agenda.

    With all due respect to Mr. Carville, his myopic focus on a strategy of resisting Trump above all else is simply too narrow to be truly effective.

    Put another way, a Democratic agenda built entirely around repealing the Republican agenda may be enough for 2026, but it falls far short of what Democrats must do if they hope to take back the White House in 2028.

    Indeed, nowhere in the Times piece is any description of actual policies that Democrats should advance as an alternative to what Republicans are offering, either next year or in three years.

    There are no calls for an entirely new economic agenda, one that replaces Democrats’ tendency for profligate spending with a more fiscally conservative plan focused on managing the debt while also protecting the social safety net.

    In many ways, Democrats today should look to former President Bill Clinton, who was able to reduce the debt, leave a budget surplus and still protect vital social programs.

    Moreover, the word ‘immigration’ is not even mentioned. 

    This comes despite 2024 election polling showing that immigration was a top issue for voters, and exit polls showing voters trusted Trump over former Vice President Kamala Harris by a 16-point margin (52% to 36%), per Fox News.

    To that end, if Democrats hope to take back more than just one chamber of Congress, the party needs an agenda that prioritizes securing the border, combined with a pathway to citizenship for legal migrants and Dreamers.

    And, while I do agree with Mr. Carville that the midterms will be decided based on kitchen table issues rather than foreign policy, that does not mean Democrats can afford to ignore this issue.

    As a party, Democrats must advance an agenda that positively asserts democratic values at home and abroad. 

    This entails rejecting the belief of the far left – and increasingly the far right – that any use of American power is inherently bad.

    To be sure, formulating an entirely new Democratic agenda takes time. And it will require the emergence of moderate candidates at a time when Zohran Mamdani’s win in New York City has energized the progressive wing of the party. 

    Nevertheless, as the 2024 election made clear, Democrats cannot afford to run from the center toward the far left. What the party needs is a candidate who can win, not one chosen because they passed progressives’ ideological purity test.

    Interestingly, Carville cites former President Clinton as a figure who emerged as Democrats’ ‘savior’ in 1992. 

    But Clinton was able to do so because, at a time when the party was moving further to the left, Clinton dragged the party toward the middle on the economy and crime.

    Finally, the crux of Carville’s message – ‘we demand a repeal’ of Trump’s agenda – overlooks the core factor behind who Americans cast a vote for.

    Voters choose candidates who have plans and policies that will improve their lives. 

    Slogans, no matter how catchy, may work for the midterms, but if Democrats then fail to deliver actual change between 2026 and 2028, its unlikely voters will trust them.

    Quite simply, voters want a strong economy, safe streets, a government that is not excessively bloated and secure borders, not candidates whose only agenda is resisting the president. 

    Now, this is not to say that the agenda outlined by Carville will not be successful next year – it very well may.

    Rather, it is to point out that even if it helps Democrats reclaim the House of Representatives, it will not be enough to take back the White House in 2028.

    For that, the party needs to advance its own agenda, one that addresses the above issues and actually provides a real, viable alternative to the Trump-GOP agenda. 

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