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    This week’s tech market round-up

    The tech space was marked by heightened volatility this week, with sharp swings driven by concerns over inflated artificial intelligence (AI) valuations and mixed economic data.

    Global markets gained early in the week, driven by optimism over a US-China trade truce, along with a US$38 billion AI cloud deal between OpenAI and Amazon (NASDAQ:AMZN).

    However, gains were tempered following comments from the Global Financial Leaders’ Investment Summit in Hong Kong, where Goldman Sachs (NYSE:GS) CEO David Solomon warned of a likely 10 to 20 percent pullback in equities within the next 12 to 24 months. Other panelists at the event offered similar projections.

    Futures tracking the S&P/TSX Composite Index (INDEXTSI:OSPTX) weakened ahead of the release of Canada’s federal budget, which promises C$925.6 million for sovereign compute capacity, quantum tech funding and support for open banking and stablecoins. The government aims to attract C$500 billion in private sector investment over five years.

    US tech stocks sold off again on Wednesday (November 5) amid uncertainty over the Supreme Court’s tariff ruling and short positions by Michael Burry on NVIDIA (NASDAQ:NVDA) and Palantir Technologies (NASDAQ:PLTR).

    A stronger-than-expected ADP report helped stabilize the tech sector midday, but October jobs data weighed on markets again Thursday (November 6), cooling risk appetite, especially for AI momentum stocks.

    Wall Street’s main indexes extended losses to a second session on Friday (November 7) and posted weekly declines as the Volatility Index (INDEXCBOE:VIX) hit its highest level in a fortnight, just one week after the S&P 500 (INDEXSP:.INX) and Nasdaq Composite (INDEXNASDAQ:.IXIC) notched their longest winning streak in four and seven years, respectively.

    Traders were pricing in a 70.2 percent chance of a 25 basis point interest rate cut from the US Federal Reserve in December at the time of this writing, down from 90 percent last week.

    3 tech stocks moving markets this week

    1. Palantir Technologies (NASDAQ:PLTR)

    Palantir reported a strong Q3 earnings beat with a year-on-year revenue increase of 63 percent to US$1.18 billion, exceeding analyst expectations of US$1.09 billion.

    Earnings per share were also above forecasts, coming in at US$0.21 compared to expectations of US$0.17.

    The company’s total contract value rose to US$2.76 billion, a record high, driven by a 121 percent rise in US commercial revenue and a 52 percent increase in US government revenue.

    The company also raised its full-year 2025 revenue guidance to around US$4.4 billion, driven by continued strong AI demand and government contracts. On the earnings call, management expressed confidence in continued growth fueled by AI, emphasizing strategic partnerships with companies like NVIDIA, while acknowledging challenges in the European market and operational scaling.

    However, Palantir’s share price dropped about 3 percent in after-hours trading. Analysts attributed the market reaction to concerns over the prolonged US government shutdown potentially impacting contracts, alongside a large bearish bet revealed by Michael Burry’s fund.

    The company’s stock is down 14 percent for the week.

    2. Amazon (NASDAQ:AMZN)

    Shares of Amazon rallied on Monday morning after announcing a US$38 billion multi-year partnership with OpenAI to run its advanced AI workloads on Amazon Web Services (AWS) infrastructure, providing access to hundreds of thousands of NVIDIA GPUs and specialized AWS chips.

    The deal significantly strengthens AWS’s position in the AI cloud market. Investors had a marked reaction to the news, driving Amazon’s shares price to a record high of US$US$254.

    However, gains were partially erased during the broader tech sector pullback. Its stock ultimately closed the week down 4.28 percent.

    3. NVIDIA (NASDAQ:NVDA)

    Shares of NVIDIA have been dragged down this week due to valuation concerns and fears related to US export restrictions on advanced AI chips to China.

    During a 60 Minutes interview with Norah O’Donnell on Sunday (November 2) evening that covered a range of topics, President Trump stated NVIDIA’s most advanced AI chips would be reserved exclusively for US companies. The market reacted by sending shares of NVIDIA (up or down?) on Monday morning.

    Also on Monday, Microsoft provided an update on its US$15.2 billion planned investment in the UAE, which will include increasing its AI computing power in the UAE by four times to reach the equivalent of 60,400 NVIDIA A100 GPUs in compute power in the country.

    NVIDIA shares, also boosted by Loop Capital raising its price target by US$100, rose by over four percent from Friday’s closing price in early trading.

    However, a large bearish position against NVIDIA was disclosed from Burry’s fund on Wednesday, adding to downward pressure already on its shares amidst a tech stock sell-off.

    During a Thursday press conference, White House Press Secretary Karoline Leavitt told reporters that Trump “was not interested in selling (the Blackwell chip) to China at this time”.

    Meanwhile, during the Financial Times’ Future of AI Summit, NVIDIA CEO Jensen Huang said the West is being held back by “cynicism” and reportedly told the outlet, “China is going to win the AI race.”

    Huang has previously warned that US restrictions could backfire by accelerating China’s domestic chip development, arguing the US should stay engaged with Chinese developers to maintain leadership. The company’s shares are down 9.53 percent for the week.

    NVIDIA, Palantir and Amazon performance, November 3 to 7, 2025.

    Chart via Google Finance.

    Top tech news of the week

          Tech ETF performance

          Tech exchange-traded funds (ETFs) track baskets of major tech stocks, meaning their performance helps investors gauge the overall performance of different sectors.

          This week, the iShares Semiconductor ETF (NASDAQ:SOXX) declined by 4.81 percent, while the Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) saw a weekly loss of 5.2 percent.

          The VanEck Semiconductor ETF (NASDAQ:SMH) decreased by 5.41 percent.

          Tech news to watch next week

          Next week, investors will hear earnings results from Cisco Systems (NASDAQ:CSCO), due to report its Q1FY26 earnings on November 12. The company is expected to deliver a year-on-year increase in earnings on higher revenues. Semiconductor equipment supplier, Applied Materials, is also set to report its Q4 earnings on November 13.

          AMD will have its Financial Analyst Day on Tuesday (November 11), providing further strategic updates and outlook.

          Analysts and investors will also be watching for any sign of an end to the 38-day government shutdown after Senate Minority Leader Chuck Schumer (D-NY) unveiled a plan to attach a one year extension to the expiring Obamacare subsidies and to create a bipartisan committee that could negotiate further on how to deal with the subsidies after the government reopened. Majority leader John Thune reportedly told CBS News that the Democratic proposal is a ‘nonstarter’.

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

          This post appeared first on investingnews.com

          The Trump administration on Friday intensified its dispute with South Africa, saying no U.S. government official will attend the G20 Summit in Johannesburg in protest of what it describes as state-backed discrimination against White Afrikaners.

          ‘The lives and property of Afrikaners have been endangered by politicians who incite race-based violence against them, threaten to confiscate their farms without compensation, and prop up a corrupt race-based scoring system that discriminates against Afrikaners in employment,’ State Department Deputy Principal spokesperson Tommy Piggott told Fox News Digital.

          ‘South Africa must immediately end all government-sponsored discrimination against Afrikaners and condemn those who seek to ignite racial violence against them.’

          Trump wrote on Truth Social on Friday that it’s a ‘total disgrace’ the G20, scheduled for Nov. 22 to Nov. 23, will be held in South Africa.

          ‘Afrikaners (People who are descended from Dutch settlers, and also French and German immigrants) are being killed and slaughtered, and their land and farms are being illegally confiscated,’ the president said. ‘No U.S. Government Official will attend as long as these Human Rights abuses continue. I look forward to hosting the 2026 G20 in Miami, Florida!’

          Afrikaners have faced increasing hostility from some politicians who have called for violence against them and the threat of land confiscation.

          South Africa’s Expropriation Act of 2024 allows the government to take land for public use, including in some cases without compensation — a policy the government says is aimed at addressing racial inequities in ownership, but one that critics warn could unfairly affect White Afrikaner farmers.

          Trump confronted South African President Cyril Ramaphosa at the White House in May, pressing him on ‘White genocide’ in the country. Ramaphosa vehemently denied the claims. 

          ‘There is just no genocide in South Africa,’ he said. ‘We cannot equate what is alleged to be genocide to what we went through in the struggle because people were killed because of the oppression that was taking place in our country. So you cannot equate that.’

          Trump played a video in the Oval Office of white crosses along a highway that he said depicted burial sites of White farmers.

          ‘Have they told you where that is, Mr. President?’ Ramaphosa asked. ‘I’d like to know where that is because this I’ve never seen.’

          A senior State Department official told Fox News Digital that the Trump administration set a refugee cap for fiscal year 2026 of 7,500, with a majority of the spots reserved for Afrikaners fleeing what it describes as government-sponsored race-based discrimination in South Africa.

          This post appeared first on FOX NEWS

          The U.S. Supreme Court issued a temporary block on Friday on a lower court’s order requiring the Trump administration to fully fund the Supplemental Nutrition Assistance Program (SNAP) program amid the government shutdown. 

          The decision came shortly after a federal appeals court on Friday denied a Trump administration request to temporarily block the lower court ruling.

          On Thursday, U.S. District Judge Jack McConnell rejected the administration’s effort to only partially fund the benefits program for some 42 million low-income Americans for November as the shutdown drags on, giving the government 24 hours to comply. 

          ‘People have gone without for too long,’  McConnell said in court.

          After the appeals court ruling, the Trump administration filed the emergency appeal to SCOTUS late Friday. 

          ‘Given the imminent, irreparable harms posed by these orders, which require the government to transfer an estimated $4 billion by tonight, the Solicitor General respectfully requests an immediate administrative stay of the orders pending the resolution of this application by no later than 9:30pm this evening,’ an administration spokesperson told Fox News. 

          New York Attorney General Letitia James responded to the Supreme Court decision Friday, calling it a ‘tragedy.’ 

          ‘This decision is a tragedy for the millions of Americans who rely on SNAP to feed their families. It is disgraceful that the Trump administration chose to fight this in court instead of fulfilling its responsibility to the American people,’ she said in a statement. 

          The Supreme Court ruling came after the U.S. Department of Agriculture on Friday said it is working to comply with a judge’s order to fully fund the program for November. 

          In a letter sent to all regional directors of the SNAP program on Friday, Patrick Penn, deputy undersecretary for USDA’s Food, Nutrition and Consumer Services, said, ‘FNS is working towards implementing November 2025 full benefit issuances in compliance with the November 6, 2025, order from the District Court of Rhode Island.’

          He added, ‘Later today, FNS will complete the processes necessary to make funds available to support your subsequent transmittal of full issuance files to your EBT processor.’

          Penn said the department would keep regional directors ‘as up to date as possible on any future developments and appreciate your continued partnership to serve program beneficiaries across the country. State agencies with questions should contact their FNS Regional Office representative.’

          He scolded the Trump administration for failing to comply with the order he issued last week, which required the U.S. Department of Agriculture to fund the SNAP benefits programs before its funds were slated to lapse on Nov. 1, marking the first time in the program’s 60-year history that its payments were halted. 

          The judge also said Trump officials failed to address a known funding distribution problem that could cause SNAP payments to be delayed for weeks or months in some states. He ordered the USDA to tap other contingency funds as needed.

          ‘It’s likely that SNAP recipients are hungry as we sit here,’ McConnell said Thursday. 

          Trump administration officials said in a court filing earlier this week that they would pay just 65% of the roughly $9 billion owed to fund the SNAP program for November, prompting the judge to update his order and give the administration just 24 hours to comply.

          ‘The evidence shows that people will go hungry, food pantries will be overburdened, and needless suffering will occur,’ McConnell said. ‘That’s what irreparable harm here means.’

          Fox News’ Breanne Deppisch contributed to this report. 

          This post appeared first on FOX NEWS

          A federal appeals court on Friday denied a Trump administration request to temporarily block a lower court ruling requiring the government to fully fund the Supplemental Nutrition Assistance Program (SNAP) program amid the government shutdown. 

          The U.S. Court of Appeals for the 1st Circuit ruling comes as the U.S. Department of Agriculture on Friday said it is working to comply with a judge’s order to fully fund the program for November. 

          On Thursday, U.S. District Judge Jack McConnell rejected the administration’s effort to only partially fund the benefits program for some 42 million low-income Americans for November as the shutdown drags on, giving the government 24 hours to comply. 

          ‘People have gone without for too long,’  McConnell said in court.

          After the appeals court ruling, the Trump administration filed an emergency appeal to the U.S. Supreme Court, hoping it will step in by 9:30 p.m. ET Friday evening. 

          ‘Given the imminent, irreparable harms posed by these orders, which require the government to transfer an estimated $4 billion by tonight, the Solicitor General respectfully requests an immediate administrative stay of the orders pending the resolution of this application by no later than 9:30pm this evening,’ an administration spokesperson told Fox News. 

          In a letter sent to all regional directors of the SNAP program on Friday, Patrick Penn, deputy undersecretary for USDA’s Food, Nutrition and Consumer Services, said, ‘FNS is working towards implementing November 2025 full benefit issuances in compliance with the November 6, 2025, order from the District Court of Rhode Island.’

          He added, ‘Later today, FNS will complete the processes necessary to make funds available to support your subsequent transmittal of full issuance files to your EBT processor.’

          Penn said the department would keep regional directors ‘as up to date as possible on any future developments and appreciate your continued partnership to serve program beneficiaries across the country. State agencies with questions should contact their FNS Regional Office representative.’

          He scolded the Trump administration for failing to comply with the order he issued last week, which required the U.S. Department of Agriculture to fund the SNAP benefits programs before its funds were slated to lapse on Nov. 1, marking the first time in the program’s 60-year history that its payments were halted. 

          The judge also said Trump officials failed to address a known funding distribution problem that could cause SNAP payments to be delayed for weeks or months in some states. He ordered the USDA to tap other contingency funds as needed.

          ‘It’s likely that SNAP recipients are hungry as we sit here,’ McConnell said Thursday. 

          Trump administration officials said in a court filing earlier this week that they would pay just 65% of the roughly $9 billion owed to fund the SNAP program for November, prompting the judge to update his order and give the administration just 24 hours to comply.

          ‘The evidence shows that people will go hungry, food pantries will be overburdened, and needless suffering will occur,’ McConnell said. ‘That’s what irreparable harm here means.’

          Fox News’ Breanne Deppisch contributed to this report. 

          This post appeared first on FOX NEWS

          : A federal grand jury has subpoenaed former CIA Director John Brennan, former FBI officials Peter Strzok and Lisa Page, among others as part of the Justice Department’s investigation into the origins of the Trump-Russia probe, Fox News Digital has learned.

          Sources told Fox News Digital Brennan; Strzok, the FBI’s former deputy assistant director of counterintelligence; and Page, a former FBI lawyer, were served with federal subpoenas on Friday.

          Law enforcement sources told Fox News Digital that up to 30 subpoenas will be issued in the coming days relating to the investigation.

          The grand jury is out of the Southern District of Florida. U.S. attorney for the Southern District of Florida Jason Reding Quiñones is supervising the probe.

          Fox News Digital first reported this summer that Brennan was under criminal investigation. 

          Strzok and Page first came under scrutiny in 2018 when Justice Department Inspector General Michael Horowitz uncovered a series of anti-Trump text messages between them. Both were assigned to work on Special Counsel Robert Mueller’s team in 2017.

          Page served on Mueller’s team on a short detail, returning to the FBI’s Office of General Counsel in July 2017. Strzok, though, was removed from the team and was reassigned to the FBI’s Human Resources Division. Prior to serving in the special counsel’s office, Strzok was a top agent in the bureau’s counterintelligence division.

          Strzok is the FBI agent who, in July 2016, opened the FBI’s initial Russia investigation, which was nicknamed ‘Crossfire Hurricane’ inside the bureau.

          Page resigned from the bureau in May 2018, and Strzok eventually was fired in August 2018.

          Strzok was fired from the bureau in August 2018 after months of scrutiny regarding the anti-Trump text messages exchanged between himself and Page.

          During congressional testimony in 2018, Strzok confirmed that he and Page were involved in an extramarital affair.

          As for the criminal investigation into Brennan, CIA Director John Ratcliffe referred evidence of wrongdoing by Brennan to FBI Director Kash Patel for potential prosecution, DOJ sources told Fox News Digital.

          Sources, at the time, said that the referral was received and told Fox News Digital that a criminal investigation into Brennan was opened and is underway. DOJ sources declined to provide further details. It is unclear, at this point, if the investigation spans beyond his alleged false statements to Congress.

          The Brennan investigation came after Ratcliffe, this summer, declassified a ‘lessons learned’ review of the creation of the 2017 Intelligence Community Assessment (ICA). The 2017 ICA alleged Russia sought to influence the 2016 presidential election to help then-candidate Donald Trump. But the review found that the process of the ICA’s creation was rushed with ‘procedural anomalies,’ and that officials diverted from intelligence standards. 

          It also determined that the ‘decision by agency heads to include the Steele Dossier in the ICA ran counter to fundamental tradecraft principles and ultimately undermined the credibility of a key judgment.’ 

          The dossier — an anti-Trump document filled with unverified and wholly inaccurate claims that was commissioned by Fusion GPS and paid for by Democrat presidential candidate Hillary Clinton’s campaign and the DNC — has been widely discredited. Last week’s review marks the first time career CIA officials have acknowledged politicization of the process by which the ICA was written, particularly by Obama-era political appointees. 

          Records declassified as part of that review further revealed that Brennan did, in fact, push for the dossier to be included in the 2017 ICA.

          Brennan testified to the House Judiciary Committee in May 2023, however, that he did not believe the dossier should be included in that intelligence product.

          Ratcliffe was not surprised by the review’s findings, a source familiar told Fox News Digital, given the director’s long history of criticizing Brennan’s politicization of intelligence. But Ratcliffe was compelled to refer aspects of Brennan’s involvement to the FBI for review of possible criminality, the source said.

          The source was unable to share the sensitive details of Ratcliffe’s criminal referral to the FBI with Fox News Digital, but said that Brennan ‘violated the public’s trust and should be held accountable for it.’

          The false statements portion of the probe stems from a newly declassified email sent to Brennan by the former deputy CIA director in December 2016. That message said that including the dossier in the ICA in any capacity jeopardized ‘the credibility of the entire paper.’

          ‘Despite these objections, Brennan showed a preference for narrative consistency over analytical soundness,’ the new CIA review states. ‘When confronted with specific flaws in the Dossier by the two mission center leaders – one with extensive operational experience and the other with a strong analytic background – he appeared more swayed by the Dossier’s general conformity with existing theories than by legitimate tradecraft concerns.’

          The review added: ‘Brennan ultimately formalized his position in writing, stating that ‘my bottomline is that I believe that the information warrants inclusion in the report.’’

          But Brennan testified the opposite in front of Congress in May 2023.

          ‘The CIA was very much opposed to having any reference or inclusion of the Steele dossier in the Intelligence Community Assessment,’ Brennan testified before the House committee, according to the transcript of his deposition reviewed by Fox News Digital. ‘And so they sent over a copy of the dossier to say that this was going to be separate from the rest of that assessment.’

          CIA officials at the time of its creation pushed back against the FBI, which sought to include the dossier, arguing that the dossier should not be included in the assessment, and casting it as simply ‘internet rumor.’ 

          Ultimately, Steele’s reporting was not included in the body of the final ICA prepared for then-President Barack Obama, but instead detailed in this footnote, ‘largely at the insistence of FBI’s senior leadership,’ according to a review by the Justice Department inspector general, and later, the Senate Intelligence Committee.

          But back in June 2020, Ratcliffe, while serving as director of national intelligence, declassified a footnote of the 2017 ICA, which revealed that the reporting of Trump dossier author Christopher Steele had only ‘limited corroboration’ regarding whether then-President-elect Trump ‘knowingly worked with Russian officials to bolster his chances of beating’ Hillary Clinton and other claims.

          The footnote, also known as ‘Annex A’ of the 2017 ICA, exclusively obtained by Fox News Digital in June 2020, spanned less than two pages and detailed reporting by Steele, the former British spy who authored the unverified anti-Trump dossier — a document that helped serve as the basis for controversial Foreign Intelligence Surveillance Act (FISA) warrants obtained against former Trump campaign aide Carter Page.

          Steele’s reporting, at the time, was commissioned by opposition research firm Fusion GPS and funded by the Clinton campaign and the Democratic National Committee (DNC) through law firm Perkins Coie.

          The footnote made clear the internal concerns officials had over that document.

          ‘An FBI source (Steele) using both identified and unidentified subsources, volunteered highly politically sensitive information from the summer to the fall of 2016 on Russian influence efforts aimed at the US presidential election,’ the annex read. ‘We have only limited corroboration of the source’s reporting in this case and did not use it to reach the analytic conclusions of the CIA/FBI/NSA assessment.’

          ‘The source collected this information on behalf of private clients and was not compensated for it by the FBI,’ it continued.

          But the annex notes that Steele’s reporting was ‘not developed by the layered subsource network.’

          ‘The FBI source caveated that, although similar to previously provided reporting in terms of content, the source was unable to vouch for the additional information’s sourcing and accuracy,’ the annex states. ‘Hence this information is not included in this product.’

          Justice Department Inspector General Michael Horowitz also reviewed the inclusion of Steele’s reporting in the ICA during his review of alleged misconduct related to the Foreign Intelligence Surveillance Act, or FISA.

          His report, released in late 2019, found that there were ‘significant inaccuracies and omissions’ in FISA warrants for former Trump campaign aide Page. Those warrants relied heavily on Steele’s reporting, despite the FBI not having had specific information corroborating allegations against Page that were included in Steele’s reporting.

          Meanwhile, Fox News Digital exclusively reported in October 2020 that Brennan briefed former President Obama and administration officials on intelligence that then-Democrat nominee former Secretary of State Clinton was stirring up a plan to tie Trump to Russia.

          Ratcliffe, as director of national intelligence, declassified Brennan’s handwritten notes memorializing that meeting, which were exclusively obtained by Fox News Digital in October 2020.

          On July 28, 2016, Brennan briefed Obama on a plan from one of Clinton’s campaign foreign policy advisors ‘to vilify Donald Trump by stirring up a scandal claiming interference by the Russian security service.’ 

          Comey, then-Vice President Joe Biden, former Attorney General Loretta Lynch and former Director of National Intelligence James Clapper were in the Brennan-Obama briefing.

          After that briefing, the CIA properly forwarded that information through a Counterintelligence Operational Lead (CIOL) to Comey and then-Deputy Assistant Director of Counterintelligence Peter Strzok, with the subject line: ‘Crossfire Hurricane.’

          Fox News Digital exclusively obtained and reported on the CIOL in October 2020, which stated: ‘The following information is provided for the exclusive use of your bureau for background investigative action or lead purposes as appropriate.’

          ‘Per FBI verbal request, CIA provides the below examples of information the CROSSFIRE HURRICANE fusion cell has gleaned to date,’ the memo continued. ‘An exchange (REDACTED) discussing US presidential candidate Hillary Clinton’s approval of a plan concerning US presidential candidate Donald Trump and Russian hackers hampering US elections as a means of distracting the public from her use of a private email server.’

          The FBI on July 31, 2016, opened a counterintelligence investigation into whether candidate Trump and members of his campaign were colluding or coordinating with Russia to influence the 2016 campaign. That investigation was referred to inside the bureau as ‘Crossfire Hurricane.’

          Former Special Counsel Robert Mueller was appointed to take over the FBI’s original ‘Crossfire Hurricane’ investigation. After nearly two years, Mueller’s investigation, which concluded in March 2019, yielded no evidence of criminal conspiracy or coordination between the Trump campaign and Russian officials during the 2016 presidential election.

          Shortly after, John Durham was appointed as special counsel to investigate the origins of the ‘Crossfire Hurricane’ probe.

          Durham found that the FBI ‘failed to act’ on a ‘clear warning sign’ that the bureau was the ‘target’ of a Clinton-led effort to ‘manipulate or influence the law enforcement process for political purposes’ ahead of the 2016 presidential election.

          ‘The aforementioned facts reflect a rather startling and inexplicable failure to adequately consider and incorporate the Clinton Plan intelligence into the FBI’s investigative decision-making in the Crossfire Hurricane investigation,’ Durham’s report states.

          ‘Indeed, had the FBI opened the Crossfire Hurricane investigation as an assessment and, in turn, gathered and analyzed data in concert with the information from the Clinton Plan intelligence, it is likely that the information received would have been examined, at a minimum, with a more critical eye,’ the report continued.

          Durham, in his report, said the FBI ‘failed to act on what should have been—when combined with other incontrovertible facts— a clear warning sign that the FBI might then be the target of an effort to manipulate or influence the law enforcement process for political purposes during the 2016 presidential election.’

          The Justice Department, earlier this year, formed a ‘strike force’ to assess evidence publicized by Director of National Intelligence Tulsi Gabbard relating to former President Barack Obama and his top national security and intelligence officials’ alleged involvement in the origins of the Trump–Russia collusion narrative.

          Meanwhile, Fox News Digital also first reported that Comey was under criminal investigation. Comey has been charged with making false statements and obstruction of a congressional proceeding. 

          Comey has pleaded not guilty. His trial is expected to begin in January.

          This post appeared first on FOX NEWS

          Senate Democrats again blocked a plan by Republicans to ensure that federal workers and the military would receive a paycheck as the shutdown back and forth revs into high gear.

          Sen. Ron Johnson, R-Wis., again tried to advance a modified version of his ‘Shutdown Fairness Act’ bill that would see federal workers and the military paid now and during subsequent government shutdowns. However, the bill failed 53-43 with 3 Democrats defecting to support the bill. Georgia Sens. Raphael Warnock and Jon Ossoff, and Ben Ray Luján of New Mexico voted for the bill.

          Last month, it was blocked over concerns from Senate Democrats that it did not include furloughed workers.

          Johnson noted on the Senate floor that after discussions with Senate Democrats he changed the bill to include furloughed workers, and that his legislation had the backing of several federal employee unions.

          ‘They are sick and tired, being used as pawns in this political dysfunction here. They’re tired of it,’ Johnson said.

          Still, after fireworks on the Senate floor where Senate Majority Leader John Thune, R-S.D., and Sen. Gary Peters, D-Mich., who initially blocked the bill over concerns that it allowed President Donald Trump to pick and choose who got paid, the bill was blocked largely along party lines.

          ‘It’s about leverage, isn’t it? Isn’t that what y’all have been saying? It’s about leverage,’ Thune said. ‘This isn’t leverage. This is the lives of the American people.’

          Johnson’s bill appearing on the floor wasn’t the initial plan Senate Republicans had going into Friday. Thune wanted to put the House-passed continuing resolution (CR) up for a vote again, but newfound Democratic unity after a sweeping victory on Election Night earlier this week had derailed bipartisan attempts to build an off-ramp.

          The GOP’s attempt to pay federal workers amid the ongoing, 38-day shutdown came as Senate Minority Leader Chuck Schumer, D-N.Y., and his caucus announced their counter-offer to Senate Republicans’ plan to reopen the government.

          Schumer’s offer included attaching a one-year extension onto expiring Obamacare subsidies — the main sticking point of the shutdown — in exchange for the Democratic votes to reopen the government.

          But the offer, which a source told Fox News Digital had been made in private to Senate Republicans last week and was summarily rejected, was again not going over well with Republicans.

          The Senate is expected to return on Saturday to vote on the House-passed plan for a 15th time. Whether Schumer and his caucus block it once more remains to be seen.

          This post appeared first on FOX NEWS

          A government shutdown, big or small, is usually a front-and-center issue for lawmakers — but the most recent partial closure could be put on the back burner as Congress returns to several issues in Washington.

          Senate Democrats and the White House are still at odds over funding the Department of Homeland Security (DHS), as the shutdown dragged into its 10th day. Neither side is budging, with the most recent concrete action coming early last week.

          Trump, who proved pivotal in striking a funding truce with Senate Minority Leader Chuck Schumer, D-N.Y., in January, was not directly involved in recent negotiations. 

          Trump has not had any ‘direct conversations or correspondence’ with congressional Democrats recently, White House press secretary Karoline Leavitt said, noting that the White House and its representatives have been handling the dialogue.

          ‘But, of course, Democrats are the reason that the Department of Homeland Security is currently shut down,’ she said. ‘They have chosen to act against the American people for political reasons.’ 

          Senate Democrats offered a counter to the White House’s own counterproposal, which quickly was rejected as ‘unserious’ by Leavitt. It’s a peculiar instance, given that this is the third shutdown during Trump’s second term, and neither side appears to be in a particular rush to end it.

          Senate Majority Leader John Thune, R-S.D., told Fox News Digital that there’s ‘some room for give and take’ in the negotiations, but remained firm in the GOP’s positioning against requiring Immigration and Customs Enforcement (ICE) agents from getting judicial warrants, unmasking or other reforms sought by Democrats that could increase risks for agents in the field.  

          ‘I felt like, you know, the last offer the White House put out there was a really — it was a good faith one, and it was clear to me that they’re attempting, in every way, to try and land this thing so we can get DHS funded,’ Thune said. 

          Funding the agency will be a top priority for the upper chamber, but they’ll be delayed because of winter storms descending on the East Coast. The weather has caused the Senate to delay a vote on the original DHS spending bill until Tuesday night, ahead of Trump’s State of the Union address.

          There are other issues that could get in the way of hashing out a deal, including a possible conflict with Iran and Trump’s desire to move ahead with tariffs without congressional approval.

          Trump told reporters Friday that he was ‘considering’ a limited military strike against Iran, which already has riled up some in Congress, who are demanding that lawmakers get a say on whether the U.S. strikes.

          Sen. Tim Kaine, D-Va., said in a statement that he has a war powers resolution to block an attack on Iran filed and ready, and challenged his colleagues to vote against it.

          ‘If some of my colleagues support war, then they should have the guts to vote for the war and to be held accountable by their constituents, rather than hiding under their desks,’ Kaine said.

          On the heels of the Supreme Court’s ruling to torpedo his sweeping duties, Trump is considering bypassing Congress to move ahead with another set of global 10% tariffs.

          That comes as some Republicans are quietly celebrating the end of the duties, and others are open to working with the administration on a path forward for trade policy.

          On tariffs, a Republican aide told Fox News that the GOP was ‘waiting to see what POTUS does next.’

          ‘The State of the Union should be interesting,’ they said.

          This post appeared first on FOX NEWS

          Westport Fuel Systems Inc. (‘Westport’) (TSX:WPRT Nasdaq: WPRT), a supplier of alternative fuel systems and components for the global transportation industry, today announces changes to its Board of Directors. Chair Dan Hancock, appointed to the Board in July 2017, retired from the Board, effective December 31, 2025, with current director Tony Guglielmin assuming the role of Chair. Joining Westport’s Board of Directors, effective January 1, 2026, is Brad Kotush, who brings over 20 years of experience in early-stage transformation, investment banking, and capital markets, both in Canada and globally. This addition further enhances the Board’s expertise and supports the Company’s long-term strategic objectives.

          Mr. Hancock’s extensive automotive experience, particularly in technology commercialization and European manufacturing leadership, proved essential as Westport navigated the rapidly shifting dynamics of today’s automotive industry,’ said Tony Guglielmin, appointed Chair of Westport’s Board of Directors. ‘During the integration process following the 2016 merger and the commercialization of the HPDI fuel system, Mr. Hancock provided the stability and insight necessary for success. We are grateful for his dedication and the legacy he leaves with the Board.’

          ‘Brad Kotush’s appointment adds exceptional strength to our Board,’ added Guglielmin. ‘Mr. Kotush’s background in executive-level finance, risk management, and strategy spanning clean technology, investment banking, and global capital markets aligns directly with Westport’s strategic direction. His experience overseeing regulated entities, major financing programs, and cross-border transactions will bring meaningful insight and discipline to our governance and decision-making processes.’

          Mr. Kotush is currently the CFO of a clean tech company listed on the TSXV and previously held the positions of Executive Vice President and Chief Financial Officer at Home Capital Group Inc. and Executive Vice President, Chief Financial and Risk Officer at Canaccord Genuity Group Inc.

          About Westport Fuel Systems

          Westport is a technology and innovation company connecting synergistic technologies to power a cleaner tomorrow. As a leading supplier of affordable, alternative fuel, low-emissions transportation technologies, we design, manufacture, and supply advanced components and systems that enable the transition from traditional fuels to cleaner energy solutions.

          Our proven technologies support a wide range of clean fuels – including natural gas, renewable natural gas, and hydrogen – empowering OEMs and commercial transportation industries to meet performance demands, regulatory requirements, and climate targets in a cost-effective way. With decades of expertise and a commitment to engineering excellence, Westport is helping our partners achieve sustainability goals—without compromising performance or cost-efficiency – making clean, scalable transport solutions a reality.

          Westport is headquartered in Vancouver, Canada. For more information, visit Westport.com.

          Contact Information

          Investor Relations
          Westport Fuel Systems
          T: +1 604-718-2046     

          News Provided by GlobeNewswire via QuoteMedia

          This post appeared first on investingnews.com

          Iran’s Islamic Revolutionary Guard Corps (IRGC) has tightened control over Hezbollah in the Middle East amid looming prospects of potential U.S. strikes, according to reports.

          According to the Jerusalem Post, the tactical shift comes as Hezbollah and Iran prepare for military confrontation in the region, with analysts warning that if Washington specifically strikes the regime, Hezbollah is ready to be ‘activated.’

          ‘If the regime in Tehran feels threatened, the likelihood of unleashing Hezbollah against Israel and U.S. regional assets increases substantially,’ Ross Harrison, a senior fellow at the Middle East Institute, told Fox News Digital.

          ‘Hezbollah would not be activated right away, unless the attack immediately targets the leadership of the Islamic Republic. But as part of a graduated response, Hezbollah will likely be seen as an asset,’ he said.

          ‘If it faces an existential risk, then Iran may throw caution to the wind and try to deploy Hezbollah to the maximum,’ Harrison explained.

          President Donald Trump previously gave Iran a deadline of 10 to 15 days to respond to a deal, raising questions about what steps Washington could take if Tehran fails to comply.

          A new round of talks is now scheduled for Thursday in Geneva and expected to focus on Iran’s nuclear program, including uranium enrichment levels and sanctions relief.

          ‘The decision-making circle in the White House is very small regarding Iran, with the president keeping a close hand on it all,’ Harrison explained.

          He added that any decision to directly target the Iranian regime would likely rest within Trump’s inner circle of advisers.

          ‘Normally there is input from the National Security Council and the wider intelligence community,’ Harrison said. ‘Since the decision-making process in the White House is opaque, it is hard to know how much of this is getting through.’

          ‘If the U.S. is engaging with the Saudis and Emiratis, they are getting warnings about the possibility of this war spreading to the broader region, which would be deleterious to the U.S. and its allies,’ he added.

          Harrirson also warned that there was ‘potential for attacks to spread across the region, to Israel through direct Iranian ballistic attacks and via Hezbollah, and to the Gulf Arab states through Iran directly and possibly via the Houthis from Yemen.’

          Regional media reports also suggest Iran’s ties with Hezbollah are strengthening. Sources told Al Arabiya and Al Hadath that IRGC officers have been rebuilding Hezbollah’s military infrastructure and managing strategic war plans.

          The coordination follows changes within Hezbollah’s leadership, Harrison explained.

          ‘Since the killing by Israel of Hezbollah leader Hassan Nasrallah last year, ties and operational coordination have to some degree been reestablished,’ he said.

          ‘The IRGC has supported Hezbollah in Lebanon for decades,’ he said, adding that efforts to reestablish ties appear to be occurring ‘particularly in light of the destruction of Iran’s nuclear sites last June.’

          ‘Iran is trying to resurrect lost assets, such as its missile program and its connections to Hezbollah,’ Harrison said.

          ‘Hezbollah has been seen for decades by Iran as a deterrence asset against an Israeli or American attack. Since Hezbollah has its own interests, connected to but separate from Iran, whether its leadership will go all the way for Tehran is unknown,’ he concluded.

          The developments surrounding Hezbollah and the IRGC came as Supreme Leader Ayatollah Ali Khamenei has appointed close ally Ali Larijani as the country’s de facto leader, according to reports.

          Fox News Digital has reached out to the White House for comment.

          This post appeared first on FOX NEWS

          Here’s a quick recap of the crypto landscape for Friday (January 2) as of 9:00 a.m. UTC.

          Get the latest insights on Bitcoin, Ether and altcoins, along with a round-up of key cryptocurrency market news.

          Bitcoin and Ether price update

          Bitcoin (BTC) was priced at US$89,036.29, up by 1.8 percent over 24 hours.

          Bitcoin price performance, January 1, 2025.

          Chart via TradingView

          Ether (ETH) was priced at US$3,028.99, up by 2.3 percent over the last 24 hours.

          Altcoin price update

          • XRP (XRP) was priced at US$1.88, up by 2.5 percent over 24 hours.
          • Solana (SOL) was trading at US$127.74, up by 2.8 percent over 24 hours.

          Today’s crypto news to know

          Bitcoin ETFs suffer worst two-month exodus on record

          U.S.-listed spot Bitcoin ETFs closed 2025 with a combined US$4.57 billion in net outflows for November and December, marking their worst two-month stretch since launching in early 2024.

          December alone saw US$1.09 billion pulled from the funds, following an even steeper $3.48 billion in November, according to SoSoValue data. The selloff also coincided with a roughly 20 percent drop in Bitcoin’s price.

          Meanwhile, Ether ETFs were also swept up in the retreat, losing more than US$2 billion over the same period.

          While the scale of redemptions appears severe, optimistic outlooks still persist. Some market participants say the flows reflect portfolio rebalancing rather than outright panic.

          For instance, others note that weaker hands exited into year-end, while longer-term capital absorbed supply.

          Turkmenistan moves to legalize crypto mining and exchanges

          Turkmenistan has formally legalized cryptocurrency mining and exchanges after President Serdar Berdimuhamedov signed the Law on Virtual Assets into effect in late November.

          The legislation establishes a legal framework for creating, trading, and holding digital assets as part of a broader push to stimulate economic growth and attract foreign investment.

          Under the law, cryptocurrencies are classified as property rather than legal tender or securities and are divided into secured and unsecured assets, such as Bitcoin.

          Further, mining is permitted for both individuals and companies, provided they register with the Central Bank of Turkmenistan and comply with technical standards.

          The rules also explicitly ban illicit practices like cryptojacking and require licensed operations. Crypto exchanges and custodial services are also authorized, subject to central bank approval and strict KYC and anti-money-laundering requirements.

          Tether expands Bitcoin, gold reserves with year-end purchase

          Tether added 8,888 Bitcoin on New Year’s Eve, lifting its disclosed holdings to more than 96,000 BTC and placing the stablecoin issuer among the largest corporate holders globally.

          CEO Paolo Ardoino said the purchase continues Tether’s policy of allocating up to 15 percent of quarterly earnings into Bitcoin, with the latest tranche valued at roughly US$780 million at the time of acquisition.

          The accumulation makes Tether’s wallet the fifth-largest known Bitcoin address and the second-largest among private corporate treasuries.

          Bitcoin remains only part of the firm’s reserve strategy, which also includes a sizable gold position. Tether bought 26 tons of gold in the third quarter, bringing its total holdings to 116 tons.

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

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

          This post appeared first on investingnews.com