Author

admin

Browsing

Vice President JD Vance praised President Donald Trump’s ‘bulldozer’ approach to public health, calling it a necessary force that ‘just had to happen,’ during remarks at Wednesday’s Make America Healthy Again (MAHA) summit.

The summit, held at the Waldorf Astoria in Washington, D.C., was centered on Health and Human Services (HHS) Secretary Robert F. Kennedy Jr.’s MAHA movement — aimed at improving nutrition, eliminating toxins, preserving natural habitats and fighting the chronic disease epidemic in the U.S.

‘That is a good summary of Donald J. Trump is that he takes a bulldozer to Overton windows every single day,’ Vance told the HHS secretary during the event. ‘It just had to happen… One of the criticisms that Bobby will always get, and I always think it’s such b——-, excuse my language… [is that] sometimes there’s this attack where people say that conclusion is not supported by the science, or this or that conclusion is a conspiracy theory.’

‘Science, as practiced in its best form, is that if you disagree with it, then you ought to criticize it, and you ought to argue against it. You can’t shut down the debate,’ Vance continued. ‘If you look at all the big public health debates that we’ve had in this country over the last 20 or 30 years… they tried to silence the people who were saying things that were outside the Overton window. As we found out the hard way over the last few years, it was very often that people who were outside the Overton window were actually right, and all the experts were wrong.’

Vance went on to say the country could not advance unless Americans become comfortable with people who are ‘willing to challenge orthodoxy.’

He also vowed to keep Appalachia in the forefront of the conversation, noting residents have higher premature mortality rates due to a long history of being failed by the public health system.

‘You know what really p—– people off — when they realize that their loved ones are dying much sooner than everybody else,’ said Vance, whose autobiography, ‘Hillbilly Elegy,’ details his own upbringing in Appalachia. ‘That is a big part of the story of what’s going on in Appalachia, and why I think so many people in Appalachia feel left behind.’

He described himself as ‘the golden boy’ of Appalachia, admitting he feels guilt about the many people who grew up in families like his and have not had an easy life or the same amount of economic opportunity.

‘That gives me a sense of purpose because I want those people to have the same opportunities that I’ve had,’ Vance said. ‘But it also gives me a great sense of anger, because we never should have gotten to the point that we are today. The reason that we have, is because of failed leadership over generations.’

When discussing the people of Appalachia, he said they are people who, ‘though they don’t have much, would take the shirt off their back and give it to a complete stranger, because that’s what you do.’

‘If you go back to America’s biggest wars — World War I, World War II, Vietnam — which were the counties that filled their draft quotas with volunteers instead of with draftees?’ Vance posed. ‘It’s very often the parts in deep Appalachia where you’ve got grinding poverty, but you’ve also got this incredible love of country.’

‘So if any place in this country deserves not to be left behind, it’s Appalachia… These are people who deserve to live better, healthier lives, but they really have been left behind by this country’s leadership,’ Vance added.

This post appeared first on FOX NEWS

Sen. Bernie Sanders, I-Vt., accused President Donald Trump of working to push the U.S. and the rest of the globe in the direction of ‘authoritarianism.’

‘Trump’s hostility toward Europe has little to do with his absurd and irrational arguments over Greenland. It has everything to do with his efforts to undermine democracy and move this country and the world toward authoritarianism. Trump does not like free elections, a free media or the right of people to dissent,’ Sanders claimed in a statement posted on X.

‘That is why he hates Europe, with its strong democratic governance, social safety net, and commitment to peacefully resolving disputes. That is why he is sending ICE to invade American cities,’ the left-wing lawmaker continued.

Sanders claimed the president would prefer a world controlled by wealthy ‘oligarchs.’

‘Let’s be clear. Trump would prefer the world to be ruled by his fellow multi-billionaire oligarchs, like his good friends in Saudi Arabia and Russia. These dictators crush political dissent, jail their opponents, and engage in massive kleptocracy,’ he asserted.

‘As patriotic Americans who believe in our Constitution and the rule of law, we will stand with those heroes and heroines who gave their lives to defend our freedoms. Now, in this dangerous moment in American history, it is imperative that all of us, regardless of our political views, come together to confront the grave threat of authoritarianism,’ he declared.

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

This post appeared first on FOX NEWS

The holiday season brings more than festive cheer, as for investors, it may signal the start of the so-called Santa Claus rally.

The Santa Claus rally is a period between the final trading days of December and the first days of January when stocks tend to climb. While this seasonal uptick isn’t guaranteed, historical data shows that markets rise more often than not during this window, driven by investor optimism, low trading volumes and year-end portfolio adjustments.

Historically, the last five trading days of December and the first two of January have been a period of above-average stock gains, offering a short, sharp rally for markets heading into the new year.

According to the Stock Trader’s Almanac, the Santa Claus rally has delivered an average gain of 1.3 percent for the S&P 500 (INDEXSP:.INX) since 1950. The phenomenon was first documented in 1972 by Yale Hirsch, founder of the Almanac, and continues to shape investor expectations today.

As for whether 2025 will deliver a Santa Claus rally to close out the year, after a choppy first half for December, markets have shown signs that a late-year recovery is possible.

When does the Santa Claus rally start?

The Santa Claus rally typically occurs over the final five trading days of December and the first two trading days of January. For 2025, the rally window begins on Wednesday, December 24, and runs through Monday, January 5, if historical patterns hold.

This narrow window often yields modest, yet consistent, returns for investors who time the market correctly.

While the rally’s timeframe is traditionally short, its effects can ripple through the market into early January. Essentially, a strong performance during this period can set the tone for January.

However, the exact timing of the Santa Claus rally can vary. Some analysts suggest that the rally has started earlier in recent years as investors attempt to front run the effect by increasing their positions in mid-December. This shift may blur the lines between the Santa Claus rally and broader December market upswings.

Will 2025 deliver a Santa Claus Rally?

This year, the S&P 500 fell during the middle of the month following a cooler-than-expected, albeit controversial, inflation report, which raised hopes for additional interest-rate cuts next year.

Despite this downturn, analysts note that a weak start to December has often failed to derail Santa’s run. Since 1950, the S&P 500 finished the Santa Claus rally period higher in 77 percent of years, even after early-month declines. By the end of the week, the index had already regained some ground, and it continued higher in the days leading up to Christmas.

“Barring any major shocks, it will be hard to fight the overwhelmingly positive seasonal period we are entering and the cleaner positioning set-up,” Goldman Sachs’ (NYSE:GS) trading desk team wrote in a note to clients, as reported by Bloomberg. ‘While we don’t necessarily see a dramatic rally, we do think there is room to go up from here into year end.”

Jeffrey Hirsch, editor-in-chief of the Stock Trader’s Almanac and Yale Hirsch’s son, also weighed in on the markets.

“It looks like (the Santa Claus rally) is set up and we can make another high by the end of the year,” he told MarketWatch. Hirsch cited cooler inflation readings and slower job growth in November, which may give the Federal Reserve room to cut interest rates in 2026.

It remains to be seen whether these predictions will come true, or if the market will be weighed down by factors including recent volatility in technology and artificial-intelligence-linked stocks.

Is the Santa Claus rally reliable?

Despite skepticism in some quarters, historical data supports the existence of the Santa Claus rally, and it is well documented.

Historically, the Santa Claus rally has been a relatively consistent period of gains. That said, historical patterns do not guarantee results, and not every year delivers the expected results. The S&P 500 lost about half a percentage point during the Santa rally period in 2024, and consecutive losses are rare but possible.

Columnist Mark Hulbert has expressed skepticism about the event in the past, noting that there is no definitive evidence that the market consistently outperforms during this period.

“An analysis of the past century reveals that the stock market in the weeks prior to Christmas is no more likely to rally than at other times of the year. (I suggest investors) ignore any arguments based on an alleged Santa Claus Rally,” Hulbert warned in an opinion piece posted on MarketWatch in 2018.

In 2019, for example, the market experienced volatility in December, defying the usual pattern.

In a December 2025 interview with CNBC, Jeffrey Hirsch cautioned that failure to rally is not an immediate bear-market signal, but rather “a flag to start looking at the other data — whether it’s seasonal indicators or other fundamental or technical measures.”

Despite the varying takes, many investors view the rally as a psychological phenomenon — one that influences market sentiment even if the returns are marginal.

Strategies for the Santa Claus rally

Now that the Santa Claus rally seems to be underway, investors interested in joining in have a variety of options, including domestic markets, international diversification or targeted sector plays such as mega-cap tech stocks.

As always, consulting with a financial advisor and conducting thorough research remains essential. While the Santa Claus rally offers potential rewards, market conditions can shift quickly, making flexibility and prudence key to success.

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

This post appeared first on investingnews.com

Frustration is boiling over among Democratic ranks against Senate Minority Leader Chuck Schumer, D-N.Y., after walking away from the longest government shutdown on record largely empty-handed.

Some argue that Schumer squandered key leverage and failed to steer his caucus through the chaos to victory. 

‘I think that people did what they could to get us out of the shutdown, but what has worked in the past isn’t working now,’ Sen. Elissa Slotkin, D-Mich., said. ‘And so, we need to meet the moment, and we’re not doing that.’

Slotkin, like others in the Senate Democratic caucus, ‘wanted something deliverable on the price of healthcare.’ The core of their shutdown strategy was to force Republicans and President Donald Trump to make a deal on expiring Obamacare subsidies, but that didn’t happen. 

Sen. Bernie Sanders, I-Vt., argued that getting rid of Schumer would be difficult. 

‘Chuck Schumer is part of the establishment,’ Sanders told MSNBC. ‘You can argue, and I can make the case, that Chuck Schumer has done a lot of bad things, but getting rid of him — who’s going to replace him?’

Other Democrats weren’t so resigned.

Graham Platner, a Democratic Senate candidate running to replace Sen. Susan Collins, R-Maine, placed the collapse of Senate Democrats’ unified front squarely on leadership. 

‘The Democratic Party at the leadership level has become entirely feckless,’ Platner said in a video posted by Our Revolution, a political action organization started as an offshoot of Sanders’ presidential campaign. 

‘What happened last night is a failure of leadership in the most clear terms,’ he said after the Senate passed the bipartisan deal Monday, sending it to the House. ‘Sen. Schumer is the minority leader. It is his job to make sure his caucus is voting along the lines of what’s going to be good for the people of the United States. He could not maintain that.’ 

Schumer and congressional Democrats walked away from the shutdown stalemate in the Senate largely empty-handed, save for some victories on ensuring furloughed federal workers would receive back pay, the reversals of firings made by the Trump administration during the shutdown and future protections for workers.  

Still, they fell far short of their goal to extend the expiring subsidies, which are set to sunset at the end of this year. 

Those subsidies, initially passed as an emergency response to COVID-19 in 2021, were always supposed to be temporary. But Democrats fear that their sudden expiration could leave millions of policyholders with substantially higher premiums overnight if allowed to expire.

But as mounting pressure grew — and no sign of Republicans wavering on the subsidies — eight Democrats voted to put the government on the path to reopening. 

To some onlookers, Schumer had held the party line for as long as possible.

Sen. Catherine Cortez Masto, D-Nev., one of the eight Democrats who voted with Republicans to reopen the government, said she respected Schumer’s leadership.

‘He’s done a good job,’ Masto said. ‘He kept us in the loop and was open to our conversations.’

Sen. Chris Murphy, D-Conn., argued that the problem wasn’t Schumer, it was his colleagues. 

‘Sen. Schumer didn’t want this to be the outcome, and I pressed hard for it not to end like this,’ Murphy said. ‘He didn’t succeed, let’s not sugarcoat that. But the problem is, the problem exists, inside the caucus. The caucus has to solve it.’

Republicans, however, spent much of the shutdown arguing that Schumer had waged the shutdown to appease his base — a base that had wanted to see some sort of resistance to Trump.

‘This is how it always would end,’ Sen. Ted Cruz, R-Texas, said on Monday evening. ‘Chuck Schumer has a political problem. He’s afraid of being primaried from the left. And so, the Democrats inflicted this shutdown on the American people in order to prove to their radical left-wing base that they hate Donald Trump.’

‘I think a lot of Americans have suffered as a result of this political stunt,’ Cruz added.

On the other hand, many Democrats made it clear they believed Schumer had failed to effectively mount resistance to Trump’s agenda on healthcare.

CNN data analyst Harry Enten compiled polls dating back to 1985 comparing the popularity of Democratic leaders among Democratic voters. Schumer, he found, was the least popular of them all. 

‘Chuck Schumer — his days are over. If he cannot keep his caucus together, he needs to go,’ Sunny Hostin, a co-host of ‘The View,’ told audiences on Monday.

‘Chuck Schumer has not met this moment, and Senate Democrats would be wise to move on from his leadership,’ Rep. Mike Levin, D-Calif., said.

California Gov. Gavin Newsom summed up his thoughts in a one-word post to X. 

‘Pathetic,’ Newsom said.

This post appeared first on FOX NEWS

This week, the technology sector remained the dominant force shaping overall market trends in the US, despite the ongoing complexity of macroeconomic and geopolitical conditions.

The partial US government shutdown continued to delay key economic reports, creating a data vacuum that heightened reliance on soft data like consumer sentiment surveys. Notably, the University of Michigan’s Consumer Sentiment Index held steady at a subdued 55, reflecting persistent concerns about high prices and a challenging labor market.

Meanwhile, Canada reported a surprising gain of 60,400 jobs in September, with employment increases concentrated in full-time positions and manufacturing. The unemployment rate held steady at 7.1 percent, defying expectations and signaling a cautious stabilization after recent job losses.

Investor appetite for AI and related innovation remained high, pushing the Nasdaq Composite (INDEXNASDAQ:.IXIC) and S&P 500 (INDEXSP:.INX) to record or near-record levels midweek. However, ongoing trade frictions between the US and China continue posing risks to semiconductor supply chains and international tech trade flows.

On Friday (October 10), China introduced additional export restrictions on rare earth metals and related refining technologies, expanding controls to five more elements critical for electronics, defense and high-tech industries. US President Donald Trump responded by threatening to escalate tariffs on Chinese imports and warned of the potential cancellation of his upcoming meeting with President Xi Jinping at APEC in South Korea.

The news sent major stock indexes lower, with the S&P 500 seeing its largest decline since tariffs were first announced in April and the Nasdaq Composite losing 3.56 percent. The Philadelphia SE Semiconductor Index led losses, pulling back 6.32 percent.

After a nearly three-year rally fueled by enthusiasm for AI, concerns among analysts and investors about elevated valuations and concentrated exposure in AI-related companies continue to emerge.

The Bank of England’s Financial Policy Committee warned of an increased risk of market correction, particularly in AI-focused tech firms, due to stretched valuations. They noted high market concentration in the S&P 500’s top five companies, many being AI-centric. Disappointing AI adoption or increased competition could trigger a downturn by reassessing high earnings expectations. Bottlenecks in AI advancements also pose valuation risks.

Similarly, IMF Managing Director Kristalina Georgieva warned that AI-fueled global stock prices are overvalued and vulnerable to a sudden correction. She cited weakening job creation and US tariffs as “troubling signs” that could lead to instability and dampen global growth.

Analysts from JPMorgan Chase & Co. (NYSE:JPM) also wrote in a Monday (October 6) note that AI-related debt has reached US$1.2 trillion, making it the largest segment in the investment-grade market. AI companies now represent 14 percent of the high-grade market, exceeding US banks. However, this debt is primarily in investment-grade bonds from companies with strong balance sheets,

This complex interplay of cautious optimism underscores the evolving narratives dominating the tech market.

Three tech stocks that moved markets this week

1. Advanced Micro Devices (NASDAQ:AMD)

AMD’s stock opened over 31 percent higher on Monday after announcing a multi-year deal to supply up to 6 gigawatts of AI chips to OpenAI, starting with its MI450 series in the second half of 2026.

The company extended its gains on Tuesday (October 7) after Jefferies upgraded the stock rating to “buy” as other brokerages hiked their price targets. The news helped temper losses seen throughout the tech sector as trade tensions escalated on Friday.

The partnership grants OpenAI warrants to acquire up to 160 million shares of AMD, representing around 10 percent ownership upon achieving deployment milestones. This deal positions AMD as a major AI hardware supplier and represents a challenge to Nvidia’s dominance in the sector.

2. Intel (NASDAQ:INTC)

Intel shares jumped as much as 3.05 percent on Friday after the company unveiled its Panther Lake architecture, the first PC processor built on its advanced 18A semiconductor manufacturing process, with high-volume production beginning later this year at its Fab 52 facility in Arizona.

Panther Lake is set to significantly enhance power efficiency and performance, delivering an anticipated 50 percent increase in CPU and GPU capabilities compared to earlier generations. This chip is designed for premium laptops and is central to Intel’s plan to re-establish its leadership in semiconductor manufacturing within the US.

Intel also previewed its first 18A-based server processor, Clearwater Forest, slated for release in the first half of 2026. Panther Lake is scheduled for commercial availability in early 2026, coinciding with major consumer electronics shows.

3. Tesla (NASDAQ:TSLA)

Tesla released the long-awaited lower-priced versions of the Model Y and Model 3 on Tuesday, with the Model Y Standard starting at US$39,990.

After an initial rally on Monday following a weekend teaser of the announcement, shares fell by as much as 4.57 percent after an underwhelming reaction to modest price cuts and the vehicles’ lack of key features present in the pricier models.

The company also reportedly paused large-scale production of its humanoid robot Optimus due to technical difficulties and faced a new preliminary safety investigation by the NHTSA into its Full Self-Driving system, covering nearly 2.9 million vehicles amid reports of traffic law violations.

Company announcements helped Intel and AMD weather sector-wide losses on Friday

Chart courtesy of Google Finance

ETF performance

This week, the iShares Semiconductor ETF (NASDAQ:SOXX) only declined by about 6.27 percent, while the Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) pulled back by approximately 6.49 percent.

For its part, the VanEck Semiconductor ETF (NASDAQ:SMH) only lost 5.86 percent.

These losses occurred against a backdrop of heightening trade tensions between tech’s two largest markets.

Other tech market news

            Tech news to watch next week

            Next week, investors will be closely monitoring a slate of important earnings reports from leading financial and technology companies, including JPMorgan Chase, Bank of America Corp (NYSE:BAC), Goldman Sachs (NYSE:GS), Morgan Stanley (NYSE:MS), IBM, Intel and Tesla.

            Additionally, the US government’s shutdown resolution or extension will affect the release of vital economic data, influencing market sentiment and investment strategies.

            On the policy front, investors should watch for Federal Reserve communications for clues on interest rate directions, as well as progress in US-China trade negotiations, which will undoubtedly define the near-term trajectory of the tech market.

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

            This post appeared first on investingnews.com

            Senators believe that after reaching a deal to end the longest shutdown on record, they won’t be in the same position early next year.

            The bipartisan package that advanced from the Senate late Monday night would, if passed by the House this week, reopen the government until Jan. 30. Lawmakers believe that extension would give them enough time to fund the government the old-fashioned way, making another shutdown a moot point.

            But that all depends on whether they can complete work on spending bills, find agreement with the House, and get them on President Donald Trump’s desk before the new deadline.

            There’s also the possibility that if the guarantee for a vote on expiring Obamacare subsidies does not go how Senate Democrats want, that could significantly hamper Congress’ ability to avert yet another shutdown.

            ‘We’ll take them one day at a time,’ Senate Majority Leader John Thune, R-S.D., said. ‘Obviously, it’s another deadline we have to deal with. But the immediate objective is to get the government open and enable those conversations to commence.’

            ‘There are Democrats and Republicans who are both interested in trying to do something in the healthcare space,’ he continued. ‘And clearly, there is a need. I mean, there is an affordability issue on healthcare that has to be addressed, and the current trajectory we’re on isn’t a sustainable path.’

            Sen. Richard Blumenthal, D-Conn., told Fox News Digital that Democrats needed to be united in their demand that ‘Republicans be held to their promise of having a vote on the healthcare subsidies in December.’

            Thune reiterated his guarantee on Sunday and teed up the second week of December as the deadline for getting a Democratic proposal to the floor.

            ‘The future is unpredictable, but we need to continue our fight unequivocally, unyieldingly, for affordable healthcare insurance through extending the subsidies and other measures under the [Affordable Care Act],’ Blumenthal said. ‘Republicans have a reflexive obsession with repealing or destroying the ACA.’

            The hope is that funding the government with appropriations bills will be the key to preventing another shutdown.

            Senate Appropriations Chair Susan Collins, R-Maine, said that she anticipated Thune to tee up a new package of spending bills, this one combining the defense, labor, transportation and housing bills into one chunk.

            ‘The more appropriations bills that we’re able to pass, the better off we’re going to be, the better off the American people will be served,’ she said.

            Sen. Mike Rounds, R-S.D., a member of the Senate Appropriations Committee, was unsure if lawmakers would be in the same spot again come January.

            But he believed that the desire to move forward with spending bills, spurred largely by the bipartisan deal struck to reopen the government, was a good start.

            ‘It makes it a whole lot easier not to have a shutdown again,’ he said.

            Despite the rancor and frustration from the Democratic side of the aisle over the collapse of their healthcare demand, they also want to pass bipartisan funding bills, largely in a bid to push back against cuts made by the Trump administration.

            However, Sen. Chris Murphy, D-Conn., predicted that it would be quite difficult to pass a long-term bipartisan budget.

            ‘We cannot sign on to a long-term budget that does nothing on healthcare and has nothing to stop the destruction of our democracy,’ he said. ‘You know, there are no real protections in the short-term spending bill against Trump’s illegality.’

            For now, some see the January deadline as ‘light years away,’ like Sen. John Kennedy, R-La., while others aren’t ready to make a prediction about what comes next.

            ‘Just one step at a time,’ Sen. Chris Van Hollen, D-Md., told Fox News Digital.

            This post appeared first on FOX NEWS

            The House will vote on reopening the federal government Wednesday after lawmakers’ funding bill survived a key hurdle earlier in the morning.

            The bipartisan deal to end the 42-day government shutdown advanced through the House Rules Committee overnight Wednesday, with all Republicans supporting the measure and all Democrats against.

            It now moves to the full House for consideration, where multiple people familiar with GOP leaders’ conversations told Fox News Digital they believe it will pass with nearly all Republicans on board.

            Passage through the House Rules Committee is a meaningful step toward ending the shutdown, now the longest in U.S. history by roughly a week.

            The panel’s hearing to advance the bill lasted more than six hours, kicking off Wednesday evening and ending shortly after 1 a.m. on Thursday.

            Democrats attempted to force votes on amendments dealing with COVID-19-era enhanced Obamacare subsidies that are set to expire at the end of this year and other issues opposed by the GOP, though all failed.

            House Minority Leader Hakeem Jeffries, D-N.Y., made a notable surprise appearance at one point, testifying in favor of his own amendment to extend those subsidies for another three years.

            The lengthy hearing saw members on opposite sides of the aisle clash several times as well, with Democrats repeatedly accusing Republicans of robbing Americans of their healthcare and taking a ‘vacation’ for several weeks while remaining in their districts during the shutdown.

            ‘I am sick and tired of hearing you all say we had an eight-week vacation,’ House Rules Committee Chairwoman Virginia Foxx, R-N.C., said at one point. ‘I worked every day. I don’t know about you. I don’t want to hear another soul say that.’

            Democrats and some Republicans also piled on a provision in the funding bill that would allow GOP senators to sue the federal government for $500,000 for secretly obtaining their phone records during ex-Special Counsel Jack Smith’s investigation.

            ‘I think there’s gonna be a lot of people, if they look and understand this, they’re going to see it as self-serving, self-dealing kind of stuff. And I don’t think that’s right,’ Rep. Chip Roy, R-Texas, said.

            ‘I’m trying to figure out what we can do to force the Senate’s hand to say, ‘You’re going to repeal this provision and fix it,’ without amending it here.’

            The bill will now get a House-wide ‘rule vote,’ a procedural test that, if it passes, allows lawmakers to debate the legislation itself.

            Lawmakers are expected to then hold a final vote sometime on Wednesday evening on sending the bill to President Donald Trump’s desk for his signature.

            Trump signaled he was supportive of the legislation in comments to reporters on Monday.

            ‘We’ll be opening up our country very quickly,’ Trump said when asked if he backed the deal.

            The Senate broke through weeks of gridlock on Monday night to pass the legislation in a 60-40 vote, with eight Democrats joining the GOP to reopen the government.

            Meanwhile, travel disruptions have been causing chaos at U.S. airports, with air traffic controllers and Transportation Security Administration (TSA) officers being forced to work without pay since last month. Many of those employees had been forced to take on second jobs to make ends meet, fueling staffing shortages and flight delays that threatened to overshadow the Thanksgiving holiday.

            Millions of Americans who rely on federal food benefits were also left in limbo amid a partisan fight over whether and how to fund those programs during the shutdown.

            The bill would extend fiscal year (FY) 2025 federal funding levels through Jan. 30 to give negotiators more time to strike a longer-term deal for FY 2026.

            It would also give lawmakers some headway with that mission, advancing legislation to fund the Department of Agriculture and the Food and Drug Administration; the Department of Veterans Affairs and military construction; and the legislative branch.

            They are three of 12 individual bills that are meant to make up Congress’ annual appropriations, paired into a vehicle called a ‘minibus.’

            In a victory for Democrats, the deal would also reverse federal layoffs conducted by the Trump administration in October, with those workers getting paid for the time they were off.

            A side-deal struck in the Senate also guaranteed Senate Democrats a vote on legislation extending Obamacare subsidies that were enhanced during the COVID-19 pandemic, which are set to expire at the end of this year.

            Speaker Mike Johnson, R-La., however, has made no such promise in the House.

            This post appeared first on FOX NEWS

            Here’s a quick recap of the crypto landscape for Friday (October 10) 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$121,578, down by 1.6 percent in 24 hours. The cryptocurrency’s lowest valuation of the day was US$119,967, and its highest was US$123,548.

            Bitcoin price performance, October 10, 2025.

            Chart via TradingView

            Bitcoin may be trading near record highs, but one of its most respected on-chain indicators suggests the rally could still have significant room to run possibly as far as US$180,000.

            The Mayer Multiple, a long-term metric that compares Bitcoin’s current price to its 200-week moving average, remains well below levels that have historically marked market tops.

            “Bitcoin is at all-time highs and the Mayer Multiple is ice cold,” crypto analyst Frank Fetter wrote on X (formerly Twitter). According to Fetter, Bitcoin would need to climb to around US$180,000 before the indicator flashes “overbought” conditions, implying that the current cycle could still have room to expand.

            The indicator’s historical context adds weight to that view. During Bitcoin’s 2017 and 2021 peaks, the Mayer Multiple surged well above 2.4, signaling excessive market exuberance before major corrections followed.

            This time, the pattern looks different. The Multiple’s highest level in the current cycle—1.84 in March 2024, when Bitcoin neared US$72,000—never approached prior extremes, according to Glassnode data. Analysts see this moderation as a sign of a more sustainable advance.

            Despite these encouraging on-chain signals, not everyone is convinced the path higher will be smooth. Short-term traders remain divided on whether Bitcoin can maintain momentum into the final quarter of the year.

            Trader Tony “The Bull” Severino argued that Bitcoin may be entering a decisive 100-day window. Writing on X, Severino pointed to the Bollinger Bands indicator on Bitcoin’s weekly chart, which has tightened to levels not seen before. He noted that Bitcoin’s recent inability to hold above US$126,000, after briefly testing the upper band, could signal a short-term pullback before any sustained breakout.

            Ether (ETH) also slid after last week’s rally, but has since recovered some of its losses. It was up by 0.7 percent over 24 hours to US$4,365.58. Ether’s lowest valuation on Friday was US$4,285.77, and its highest was US$4,401.99.

            Altcoin price update

            • Solana (SOL) was priced at US$222.58, an increase of 1.1 percent over the last 24 hours and its highest valuation of the day. Its lowest valuation on Friday was US$217.57.
            • XRP was trading for US$2.83, trading flat over the last 24 hours. Its lowest valuation of the day was US$2.78, and its highest was US$2.84.

            Derivatives trends

            The crypto derivatives market saw heavy liquidations over the past 24 hours, totaling roughly US$674 million, according to Coinglass data. Long positions accounted for US$505 million of that amount, while short positions made up US$169 million, marking one of October’s sharpest liquidation waves.

            Among major assets, Bitcoin long liquidations reached US$116 million, compared to US$68.22 million in shorts, indicating that overleveraged bullish traders bore the brunt of the latest downturn. Ether long positions were liquidated for US$146 million, against US$34.54 million in shorts, reflecting a similar shakeout of optimistic bets amid heightened volatility.

            Despite the sell-off, futures open interest for Bitcoin rose 0.23 percent in the last four hours to US$90.19 billion, suggesting that traders are gradually re-entering positions or maintaining leverage at elevated levels.

            Ether futures open interest also ticked up 0.22 percent to US$59.53 billion, showing that market participants remain engaged even after widespread liquidations.

            Bitcoin’s relative strength index (RSI) at 72.15 indicates that the asset remains in overbought territory, potentially signaling near-term price swings or corrective moves. Still, the market’s resilience near the US$120,000 level points to continued speculative interest.

            Today’s crypto news to know

            XRP, DOGE, SOL slip as US$2.7 billion flows into Bitcoin ETFs

            Major altcoins faced losses Friday as traders took profits from Bitcoin’s record-breaking rally, even as spot ETF demand remained strong.

            Bitcoin briefly dipped to around US$120,000 overnight before stabilizing near US$122,000, while Ether erased its weekly gains with a 2.4 percent drop.

            Solana, XRP, Dogecoin, and Cardano each slid up to 3 percent, according to CoinDesk data. Despite the retreat, US-listed Bitcoin ETFs drew US$2.72 billion in inflows this week, highlighting resilient institutional appetite.

            The ETF surge underscores Bitcoin’s growing role as a “digital safe-haven,” especially as gold surged above Us$4,000 an ounce. However, a possible pullback to the US$107,000–US$115,000 range could be imminent ahead of the Federal Reserve’s October 29 policy meeting.

            EU dismisses ECB’s call for new stablecoin rules

            The European Commission said Friday that existing crypto regulations under MiCA are adequate to handle stablecoin risks, pushing back on calls from the European Central Bank for stricter oversight.

            According to a Reuters report, the ECB had urged Brussels to introduce new safeguards against “multi-issuance” models, where stablecoins minted outside the EU could be treated as interchangeable with those issued within.

            Industry groups, including members like Circle, asked the Commission to formally clarify that multi-issuance is allowed under current rules.

            In a statement to Reuters, the Commission said MiCA already provides a “robust and proportionate framework” and that further guidance will be published soon.

            The ECB’s main concern is that redemptions from non-EU tokens could drain reserves inside the bloc, posing systemic risks. Stablecoin issuers countered that their reserve structures already mitigate such threats.

            Bitcoin ETFs extend Uptober gains as Ethereum products lose momentum

            US spot Bitcoin ETFs posted another strong day Tuesday, with US$197.8 million in net inflows, reinforcing Bitcoin’s dominance as institutional investors rotated away from Ethereum products.

            Data from SoSoValue showed total Bitcoin ETF assets climbing to US$164.79 billion, representing nearly 7 percent of Bitcoin’s market cap.

            BlackRock’s iShares Bitcoin Trust (NASDAQ:IBIT) led inflows with US$255 million, extending its lead over rivals as total assets surpassed $97 billion. Fidelity Wise Origin Bitcoin Fund (BATS:FBTC) and Grayscale Bitcoin Trust (NYSEARCA:GBTC) saw outflows of US$13 million and US$45 million, respectively.

            The renewed demand follows a surge of US$1.19 billion in inflows earlier this week, the highest since July, with BlackRock again accounting for the majority.

            Bitcoin has gained over 10 percent in October, peaking at US$126,080 before easing to $121,000. Meanwhile, Ethereum ETFs snapped their eight-day inflow streak with US$8.7 million in withdrawals, reflecting a temporary pause after a strong start to the month.

            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

            NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSMINATION IN THE UNITED STATES.

            Saga Metals Corp. (‘SAGA’ or the ‘Company’) (TSXV: SAGA,OTC:SAGMF) (OTCQB: SAGMF) (FSE: 20H), a North American exploration company focused on critical minerals, is pleased to announce the closing of its previously announced non-brokered private placement pursuant to which the Company raised aggregate gross proceeds of C$2,988,024.64 (the ‘ Offering ‘).

            Pursuant to the Offering, the Company issued (i) 7,100,088 flow-through common share units of the Company (the ‘ FT Units ‘) at C$0.28 per FT Unit for gross proceeds of C$1,988,024.64, and (ii) 4,000,000 hard dollar common share units of the Company (the ‘ HD Units ‘, and together with the FT Units, the ‘ Securities ‘) at C$0.25 per HD Unit for gross proceeds of C$1,000,000.

            Financing Overview:

            Each FT Unit consists of one flow-through common share as defined in subsection 66(15) of the Income Tax Act (Canada) (the ‘ Tax Act ‘), and one-half of one transferable common share purchase warrant (each whole warrant, a ‘ Warrant ‘). Each Warrant will entitle its holder to purchase one common share in the capital of the Company (a ‘ Warrant Share ‘) at a price of C$0.50 until October 10, 2027. The Warrant Shares underlying the FT Units will not qualify as ‘flow-through shares’ under the Tax Act.

            Each HD Unit consists of one common share and one-half of one Warrant. Each whole Warrant will entitle its holder to purchase one Warrant Share at a price of C$0.50 until October 10, 2027.

            Each of the Warrants will be subject to the right of the Company to accelerate the expiry date of the Warrants to a date that is 30 days following dissemination of a news release announcing such acceleration if, at any time, after October 10, 2025 (the ‘ Closing Date ‘), the closing price of the Company’s common shares equals or exceeds C$0.75 for a period of ten consecutive trading days on the TSX Venture Exchange (the ‘ Exchange ‘).

            All securities issued in connection with the Offering are subject to a hold period of four months and one day following the Closing Date pursuant to applicable securities laws, expiring February 11, 2026.

            The Company paid cash finder’s fees in the aggregate amount of $130,003 and issued an aggregate of 478,204 finder’s warrants in connection with the Offering. Each finder’s warrant entitles the holder thereof to purchase one common share of the Company at a price of $0.50 per share for a period of 24 months from the Closing Date.

            The gross proceeds from the FT Units will be used by the Company for ‘Canadian exploration expenses’ that are ‘flow-through critical mineral mining expenditures’ (as such terms are defined in the Tax Act) on the Company’s Canadian mineral resource properties. The net proceeds of the HD Units will be used by the Company for administrative and general working capital, which may include investor relations activities.

            The securities of SAGA have not been and will not be registered under the United States Securities Act of 1933, as amended (the ‘ U.S. Securities Act ‘), or any state securities laws, and may not be offered or sold, within the United States, unless exemptions from the registration requirements of the U.S. Securities Act and applicable state securities laws are available.

            No securities regulatory authority has reviewed or approved of the contents of this news release. This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities of SAGA in any jurisdiction in which such offer, solicitation or sale would be unlawful.

            Marketing Services Agreement with Capitaliz.

            The Company further reports that it has entered into a digital marketing services agreement effective as of October 13, 2025 (the ‘ Capitaliz Agreement ‘) with 1123963 B.C. Ltd. D.B.A. Capitaliz (‘ Capitaliz ‘). Pursuant to the Capitaliz Agreement, Capitaliz will, among other things, provide the Company with certain marketing services to expand investor awareness of the Company’s business and to communicate with the investment community (the ‘ Capitaliz Services ‘). The Capitaliz Services will be provided by Capitaliz over a three-month term. The Capitaliz Agreement may be terminated at any time by either party with 30 days’ notice.

            Capitaliz is a content-driven digital marketing agency that connects public companies with social media influencers across all major social media platforms, leveraging a creator network that reaches over 100 million subscribers.

            The Capitaliz Services will include, among other things: (i) multimedia content creation and syndication, including the production and distribution of editorial video content; (ii) targeted traffic generation through a combination of pay-per-click advertising, social media marketing, native advertising, search engine optimization, email campaigns, and retargeting strategies; and (iii) strategic social media amplification of campaign content across platforms such as Investorhub and YouTube; and (iv) expanded distribution through established relationships with financial media platforms. In consideration of the Capitaliz Services, and pursuant to the terms and conditions of the Capitaliz Agreement, the Company has agreed to pay Capitaliz a fee of C$200,000 (plus applicable taxes) over a three-month term, which will be paid using the Company’s available working capital.

            The Capitaliz Services will be rendered primarily online through a variety of news and investment community communications channels. Jeff Leslie, the principal of Capitaliz – located at 704 – 595 Howe Street, Box 35, Vancouver, BC, V6C 2T5 – will be involved in conducting the Capitaliz Services. Capitaliz and Mr. Leslie do not have any interest, directly or indirectly, in the Company or its securities, or any right or intent to acquire such an interest. The terms and conditions of the Capitaliz Agreement remain subject to approval of the Exchange.

            Online Marketing Agreement with i2i Marketing Group, LLC.

            In addition, the Company reports that it entered into an online marketing agreement (the ‘ i2i Agreement ‘) with i2i Marketing Group, LLC (‘ i2i ‘). Pursuant to the i2i Agreement, i2i will, among other things, provide the Company with corporate marketing and investor awareness services, including, but not limited to, content creation management, author sourcing, project management and media distribution (the ‘ i2i Services ‘). The i2i Services will be provided by i2i pursuant to an initial US$250,000 budget, which will be paid using the Company’s available working capital, and may continue on a month-to-month basis thereafter until the i2i Agreement is terminated. The i2i Agreement may be terminated by either party upon 10 days’ advance written notice to the other party during the contract term.

            The i2i Services will be rendered primarily online through a variety of news and investment community communications channels. Joe Grubb and Kailyn White, principals of i2i will be providing services on behalf of i2i, which has an office located at 1107 Key Plaza #222 Key West, FL 33040. i2i, Mr. Grubb, and Ms. White do not have any interest, directly or indirectly, in the Company or its securities, or any right or intent to acquire such an interest.

            The terms and conditions of the i2i Agreement remain subject to approval of the Exchange.

            About Saga Metals Corp.

            Saga Metals Corp. is a North American mining company focused on the exploration and discovery of a diversified suite of critical minerals that support the global transition to green energy. The Radar Titanium Project comprises 24,175 hectares and entirely encloses the Dykes River intrusive complex, mapped at 160 km² on the surface near Cartwright, Labrador. Exploration to date, including a 2,200m drill program, has confirmed a large and mineralized layered mafic intrusion hosting vanadiferous titanomagnetite (VTM) with strong grades of titanium and vanadium.

            The Double Mer Uranium Project, also in Labrador, covers 25,600 hectares featuring uranium radiometrics that highlight an 18km east-west trend, with a confirmed 14km section producing samples as high as 0.428% U 3 O 8 and uranium uranophane was identified in several areas of highest radiometric response (2024 Double Mer Technical Report).

            Additionally, SAGA owns the Legacy Lithium Property in Quebec’s Eeyou Istchee James Bay region. This project, developed in partnership with Rio Tinto, has been expanded through the acquisition of the Amirault Lithium Project. Together, these properties cover 65,849 hectares and share significant geological continuity with other major players in the area, including Rio Tinto, Winsome Resources, Azimut Exploration, and Loyal Metals.

            With a portfolio that spans key minerals crucial to the green energy transition, SAGA is strategically positioned to play an essential role in the clean energy future.

            On Behalf of the Board of Directors

            Mike Stier, Chief Executive Officer

            For more information, contact:

            Rob Guzman, Investor Relations
            Saga Metals Corp.
            Tel: +1 (844) 724-2638
            Email: rob@sagametals.com
            www.sagametals.com

            Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

            Cautionary Disclaimer

            This news release contains forward-looking statements within the meaning of applicable securities laws that are not historical facts. Forward-looking statements are often identified by terms such as ‘will’, ‘may’, ‘should’, ‘anticipates’, ‘expects’, ‘believes’, and similar expressions or the negative of these words or other comparable terminology. All statements other than statements of historical fact, included in this release are forward-looking statements that involve risks and uncertainties. In particular, this news release contains forward-looking statements regarding discussions of future plans, estimates and forecasts and statements as to management’s expectations and intentions with respect to, among other things, the Offering, including the expected use of proceeds from the Offering, the receipt of the Capitaliz Services and the i2i Services, and the terms of the Capitaliz Agreement and the i2i Agreement. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations include, but are not limited to, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, environmental risks, limitations on insurance coverage, inherent risks and uncertainties involved in the mineral exploration and development industry, particularly given the early-stage nature of the Company’s assets, and the risks detailed in the Company’s continuous disclosure filings with securities regulations from time to time, available under its SEDAR+ profile at www.sedarplus.ca. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements only as expressly required by applicable law.

            News Provided by GlobeNewswire via QuoteMedia

            This post appeared first on investingnews.com

            Tensions flared at a House hearing to advance legislation aimed at ending the government shutdown on Tuesday night, with two senior lawmakers on opposite sides of the aisle trading barbs over the fallout.

            House Appropriations Committee Chairman Tom Cole, R-Okla., clashed with Rep. Jim McGovern, D-Mass., the top Democrat on the House Rules Committee repeatedly at the outset of the hearing. Cole accused Democrats of derailing the federal government, while McGovern railed against the GOP’s refusal to attach provisions extending expiring enhanced Obamacare subsidies to its funding bill.

            ‘This is the stuff you said you would never do. ‘We would never shut down the government. We would never do this.’ That’s exactly what you’ve done,’ House Appropriations Chairman Tom Cole, R-Okla., said a short while later. ‘You’re putting thousands of people out of work.’

            McGovern, who said emphatically that his constituents were ‘getting screwed,’ said, ‘You tried over 50 times to repeal the Affordable Care Act,’ Obamacare’s formal name.

            He said he was getting calls from constituents who were ‘out of their minds’ trying to figure out how to pay for healthcare without the subsidies.’

            ‘Well the most immediate crisis in my district are the thousands of workers that you and your colleagues have put out of work, that aren’t getting a paycheck,’ Cole said.

            ‘They’re the ones that keep the airplanes flying. They’re the ones that do the national weather center. They’re wondering why they’re not getting paid.’

            McGovern shot back, ‘You get no calls about healthcare?’

            ‘We could have had these debates, we could have had these arguments. Why are they being held hostage?’ Cole continued.

            ‘The healthcare issue you’re talking about is a subsidy you passed on your own, you said it was COVID-related…The most immediate crisis in my district, you’ve created. My people aren’t getting paid thanks to you and your colleagues.’

            McGovern, who tried to interject multiple times, said, ‘So nobody in your district is complaining about healthcare?’

            Cole conceded, ‘People complain everywhere about everything, but you asked me what the most important calls I get —’

            McGovern cut him off with, ‘—We have a chance to do something about this.’

            ‘— is, ‘Why am I not getting paid? Why am I being forcibly furloughed?’’ Cole continued.

            ‘We have a chance to do something to help millions of people afford their health insurance. And what you’re all telling me is you’re not interested,’ McGovern said.

            House Rules Committee Chairwoman Virginia Foxx, R-N.C., was ignored as she banged her gavel multiple times in an attempt to call order.

            Cole, meanwhile, said the subsidies ‘have nothing to do with the work of my committee.’

            ‘But you’re willing to hijack my committee,’ he continued, before McGovern cut him off again, accusing Republicans of voting to ‘cut taxes for millionaires and billionaires’ in the GOP’s ‘big, beautiful bill’ earlier this year.

            ‘But you could not extend these for people?’ McGovern asked.

            The House Rules Committee is the final hurdle for most legislation before it sees House-wide votes. Lawmakers on the key panel vote to advance a bill while setting terms for its consideration, like possible amendment votes and timing for debate.

            The funding bill at hand is expected to advance through the committee on party lines. Democrats on the panel are likely to oppose the measure in line with House Democratic leaders, while Republicans have signaled no meaningful opposition.

            The vast majority of House Democrats have threatened to oppose the bill over its exclusion of the enhanced Obamacare credits, despite the legislation netting support from eight members of their own party in the Senate.

            Republican leaders have signaled a willingness to discuss reforms to the system, which they have criticized as flawed. However, they’ve rejected any notion of pairing a healthcare extension with a federal funding bill that is otherwise largely free of partisan policy riders.

            This post appeared first on FOX NEWS