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U.S.-based companies announced more than 153,000 job cuts in October, the research firm Challenger, Gray & Christmas reported Thursday.

“This is the highest total for October in over 20 years, and the highest total for a single month in the fourth quarter since 2008,’ the firm said in a news release.

From January through the end of October, employers have announced the elimination of nearly 1.1 million jobs. It’s the most Challenger has recorded since 2020, when the Covid-19 pandemic shut down the global economy.

“October’s pace of job cutting was much higher than average for the month,’ Andy Challenger, the firm’s chief revenue officer, said in a statement. The last time there was a higher October monthly total was in 2003.

“Some industries are correcting after the hiring boom of the pandemic, but this comes as AI adoption, softening consumer and corporate spending, and rising costs drive belt-tightening and hiring freezes,” he said.

On Wednesday, the private payroll processor ADP released its own October jobs data, showing that employers added just 42,000 jobs in the month.

The ADP report also flagged job losses in the leisure and hospitality sector as a potential sign of trouble ahead, given the industry’s acute sensitivity to consumer sentiment.

ADP’s chief economist called the losses in hospitality and leisure a ‘concerning trend.’

Both Challenger and ADP’s reports landed as major companies such as Amazon, IBM, UPS, Target, Microsoft, Paramount and General Motors announced plans to eliminate tens of thousands of jobs.

Despite the wave of downbeat economic news, the Trump administration continues to deliver an upbeat take on the current environment.

“Jobs are booming” and “inflation is falling,” Treasury Secretary Scott Bessent said Tuesday.

However, the most recent available data paints a different picture.

Inflation has also been on the rise. Prices as measured by the Consumer Price Index overall have risen every month since April.

A spokesperson for the Treasury Department did not immediately reply to a request for comment on the Challenger report.

Challenger’s report does not typically carry the same weight with economists and investors as federal jobs data, owing to its methodology.

To arrive at its figures, the firm compiles the number of job cuts companies have publicly announced. But employers may not ultimately carry out all the cuts they roll out.

Moreover, some of the job cuts that multinational companies announce could affect workers outside of the United States. Other headcount reductions could be achieved through attrition, rather than layoffs. The report also may not capture smaller layoffs over the long run.

But in the midst of a federal data blackout caused by the government shutdown, Challenger’s latest report is being read more closely than usual.

The federal government’s October jobs report that would traditionally be released Friday will not be published this week, due to the shutdown.

Other key data about the U.S. economy like GDP and an inflation indicator called PCE, closely watched by the Federal Reserve, has also been delayed.

Challenger equated the impact of AI on the current labor market to the rise of the internet in the early aughts. “Like in 2003, a disruptive technology is changing the landscape,” it said.

‘Technology continues to lead in private-sector job cuts as companies restructure amid AI integration, slower demand, and efficiency pressures,’ Challenger said.

But even firms that are not actively cutting jobs have warned that they do not plan to add to their headcount in the near term, with several pointing directly to AI’s impact on their personnel needs.

On Wednesday night, JPMorgan Chase CEO Jamie Dimon told CNN that headcount at his company would likely remain steady as the nation’s largest bank rolls out AI internally.

Goldman Sachs CEO David Solomon also recently told his employees that the firm would ‘constrain headcount growth through the end of the year,’ as it takes advantage of AI efficiencies, Bloomberg reported.

This post appeared first on NBC NEWS

Here’s a quick recap of the crypto landscape for Friday (February 25) as of 1:30 p.m. UTC.

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

Bitcoin (BTC) was priced at US$65,260.11, down by 3,6 percent over the last 24 hours.

Bitcoin price performance, February 27, 2026.

Chart via TradingView.

A US$8.9 billion crypto options expiry drove “extreme fear” in the market today, with price manipulation and re-hedging resulting in volatility. Bitcoin fell below the US$66,000 support level after a corrective rebound earlier in the week lost momentum, reflecting the fragility of the balance between risk appetite and available liquidity in global markets.

According to XS.com senior market analyst, Rania Gule, Bitcoin’s swift pullback suggests the recent uptick was merely a technical bounce within a more complex macro environment, rather than the beginning of a sustainable bullish wave.

“In the near term, I expect Bitcoin to remain within a broad range between US$64,000 and US$70,000, with a slight bearish bias if geopolitical pressures persist and equity market momentum weakens,’ she said.

Ether (ETH) was priced at US$1,917.34, down by 5.5 percent over the last 24 hours.

Altcoin price update

  • XRP (XRP) was priced at US$1.35, down by 3.7 percent over 24 hours.
  • Solana (SOL) was trading at US$81.42, down by 5.5 percent over 24 hours.

Today’s crypto news to know

Vitalik Buterin sells US$43 million in ETH

Ethereum co-founder Vitalik Buterin sold approximately 17,000 ETH worth approximately US$43 million at the time of sale, to fund privacy and security initiatives.

Marathon partners with Starwood on AI data center

Shares of Bitcoin miner Marathon Digital Holdings (NASDAQ:MARA) surged after the company announced a partnership with Starwood Capital Group, a leading global private investment firm focused on real estate, to build data centers for the artificial intelligence (AI) sector).

In a Wednesday (February 25) blog post, Zach Pandl, Grayscale’s head of research, called the relationship between AI and blockchain “complementary from a fundamental standpoint.”

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

Statistics Canada released its December data for gross domestic product (GDP) by industry on Friday (February 27).

While overall GDP increased 0.2 percent, the figures showed a broad 0.9 percent decline in the mining, quarrying, and oil and gas extraction sector, reversing a 0.1 percent increase in November. In real dollars, the sector contributed C$119.62 billion in the month, just shy of C$120.76 billion in November.

The decrease was due to a 1.1 percent contraction in the oil and gas subsector and a 1.4 percent decline in the mining and quarrying subsector. However, the fall off was slightly offset by a 1.6 percent increase in sector support activities.

The Canadian reporting agency also released its annual mineral production survey on Wednesday (February 25).

The data showed that 2025’s production and shipment numbers increased nearly across the board for copper, silver and gold.

In terms of production, copper output climbed to 499,896 metric tons, beating the 444,587 metric tons in 2024. The quantity of silver produced also rose significantly to 356,052 kilograms in 2025 from 331,965 kilograms. Gold also increased, though narrowly, to 186,923 kilograms from 185,555 kilograms the previous year.

As for shipments, copper climbed to 480,100 metric tons from 437,861 metric tons in 2024, while silver shipments increased to 344,133 kilograms from 325,705 kilograms. Of the three metals, only gold saw a decline, with shipments falling slightly to 184,456 kilograms from 185,376 kilograms a year earlier.

Several other resources, including cobalt and nickel, also saw sizeable jumps last year.

For more on what’s moving markets this week, check out our top market news round-up.

Markets and commodities react

Canadian equity markets were positive this week.

The S&P/TSX Composite Index (INDEXTSI:OSPTX) gained 2.3 percent over the week to close Friday (February 27) at 34,339.99, while the S&P/TSX Venture Composite Index (INDEXTSI:JX) rose 8.4 percent to 1,107.60.

The CSE Composite Index (CSE:CSECOMP) gained 4.02 percent to 174.55.

The gold price gained 1.36 percent to close at US$5,261.19 per ounce on Friday at 4:00 p.m. EST. The silver price fared better, closing the week up 6.55 percent at US$93.66 on Friday.

In base metals, the Comex copper price recorded a 3.24 percent increase this week to US$6.05.

The S&P Goldman Sachs Commodities Index (INDEXSP:SPGSCI) was up 2 percent to end Friday at 610.89.

Top Canadian mining stocks this week

How did mining stocks perform against this backdrop?Take a look at this week’s five best-performing Canadian mining stocks below.

Stocks data for this article was retrieved at 4:00 p.m. EST on Friday using TradingView’s stock screener. Only companies trading on the TSX, TSXV and CSE with market caps greater than C$10 million are included. Mineral companies within the non-energy minerals, energy minerals, process industry and producer manufacturing sectors were considered.

1. Adex Mining (TSXV:ADE)

Weekly gain: 171.43 percent
Market cap: C$27.09 million
Share price: C$0.095

Adex Mining is an exploration company that holds a 100 percent stake in the Mount Pleasant project in Southwest New Brunswick, Canada. The property contains two main deposits: the Fire Tower zone, which hosts tungsten and molybdenum mineralization, and the North zone, which hosts tin, zinc and indium.

The asset consists of 102 mineral claims covering 1,600 hectares, as well as equipment and facilities from historic mining operations conducted by BHP (ASX:BHP,NYSE:BHP,LSE:BHP) between 1983 and 1985.

According to its most recent investor presentation released on June 11, the property hosts the world’s largest indium reserve and North America’s largest tin deposit. Indicated resources for the North zone demonstrate contained metal values of 47 million kilograms of tin, and 789,000 kilograms of indium from 12.4 million metric tons with average grades of 0.38 percent tin and 64 parts per million indium.

Adex Mining has not released news since it published its interim management discussion and analysis on November 18.

The increase in Adex’s share price this week comes ahead of the Prospectors and Developers Association of Canada convention, which is taking place in Toronto, Ontario, from March 1 to 4.

In a mid-February interview, New Brunswick Natural Resources Minister John Herron revealed that a deal “is due imminently with a well-known company in the Canadian mining community” for Adex’s Mount Pleasant project.

Additionally, he said the provincial government plans to introduce its new minerals strategy at PDAC on March 2. According to Herron, New Brunswick will adopt a one project, one process framework to quickly advance critical minerals projects.

2. US Copper (TSXV:USCU)

Weekly gain: 100 percent
Market cap: C$37.17 million
Share price: C$0.28

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

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

A preliminary economic assessment released on January 6, 2025, demonstrated a post-tax net present value of US$1.08 billion with an internal rate of return of 23 percent and a payback period of 5.3 years, assuming a copper price of US$4.15 per pound.

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

The company has not released any news since December 15, when it announced that it had staked 54 additional claims, totalling 1,104 acres near Moonlight-Superior, that US Copper intends to use for the project’s infrastructure development.

The company also stated that it had begun metallurgical testing, which it expected to be completed in April 2026, with the release of partial results starting in February 2026.

3. Doubleview Gold (TSXV:DBG)

Weekly gain: 95.62 percent
Market cap: C$27.09 million
Share price: C$2.68

Doubleview Gold is an exploration company working to advance its Hat copper-gold project in Northwestern British Columbia, Canada.

The project is located within BC’s Golden Triangle, an area that hosts numerous active mines and development projects. The property consists of 19 mineral tenures covering an area of 18,000 hectares.

On February 25, Doubleview released an updated mineral resource estimate for its Hat project, reporting copper equivalent resources of 5.82 billion pounds in the measured and indicated categories and 4.57 billion pounds in the inferred category.

The measured and indicated resource includes 2.42 billion pounds of copper, 3.22 million ounces of gold, 80.1 million pounds of cobalt and 5.05 million ounces of silver from 609 million metric tons of ore with average grades of 0.21 percent copper, 0.18 grams per metric ton (g/t) gold, 0.008 percent cobalt and 0.38 g/t silver.

Additionally, the MRE reported a recoverable measured and indicated scandium oxide resource of 2,415 metric tons, grading 28.77 g/t.

Doubleview’s president and CEO stated that exploration of the property has increased the deposit’s size over the years, with it now covering an area of about 1.6 kilometers by 1.6 kilometers. He also noted that the company discovered additional elements within the deposit that it plans to unveil soon.

4. BP Silver (TSXV:BPAG)

Weekly gain: 62.16 percent
Market cap: C$35.9 million
Share price: C$1.20

BP Silver is an exploration company focused on its flagship Cosuño project in Bolivia.

The property covers approximately 3,375 hectares and hosts a 10.5 square kilometer alteration zone within an underexplored jurisdiction. To date, the company has identified four primary targets in the southern project area.

On February 27, the company announced assay results from the final eight holes of the 11 hole drill program at Cosuño.

Exploration encountered several zones of silver mineralization at the Pocañita Chica target. One hole delivered high grades of 600.4 g/t silver over 5 meters, which included an intersection of 1,655 g/t over 1 meter.

The company said it achieved its main goal of “confirming mineralization within the lithocap beneath surface geochemical anomalies,” which it said de-risks the project.

Additionally, BP Silver stated the drill program confirmed a silver and polymetallic mineralized system along a 2.7 kilometer long corridor that remains open in all directions.

5. Tsodilo Resources (TSXV:TSD)

Weekly gain: 61.29 percent
Market cap: C$21.75 million
Share price: C$0.25

Tsodilo Resources is a metals exploration company advancing its Gcwihaba polymetallic project in Northwest Botswana, which hosts the C26 and C27 rare earth skarn anomalies. It also owns the Xaudum iron formation project in the country.

At Gcwihaba, Tsodilo has identified a conceptual exploration target of skarn ore in the 81 million to 97 million metric ton range with grades of 0.05 and 1.49 percent total rare earth oxides (TREO).

The company originally identified the C26 and C27 targets through ground magnetic and gravity surveys, with drilling confirming mineralization at depths of 20 to 50 meters below surface.

Tsodilo plans to perform 15,000 meters of drilling in 2026, with a focus on defining high-grade REE zones, while also evaluating the system’s overall polymetallic potential.

The most recent news from the company came on February 2, when it reported that it had closed a C$742,095 private placement by issuing 4.95 million shares. Proceeds from the financing will be used to advance its projects in Botswana.

FAQs for Canadian mining stocks

What is the difference between the TSX and TSXV?

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

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

As of December 2025, 898 mining companies and 71 oil and gas companies are listed on the TSXV, combining for more than 60 percent of the 1,531 total companies listed on the exchange.

As for the TSX, it is home to 175 mining companies and 51 oil and gas companies. The exchange has 2,089 companies listed on it in total.

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

How much does it cost to list on the TSXV?

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

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

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

How do you trade on the TSXV?

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

Article by Dean Belder; FAQs by Lauren Kelly.

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

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

This post appeared first on investingnews.com

Congress is one step closer to ending the Homeland Security shutdown after the Senate advanced a new, last-minute deal, but it came at the price of Republicans ceding ground, temporarily, to Senate Minority Leader Chuck Schumer, D-N.Y.

The Senate unanimously advanced a deal to reopen most of the Department of Homeland Security (DHS) in the wee hours of Friday morning, 42 days into the shutdown that was spurred by the Trump administration’s immigration operations in Minnesota.

It was an agreement that largely gave Schumer and Senate Democrats what they wanted — no funding for Immigration and Customs Enforcement (ICE) and parts of Customs and Border Protection (CBP). But it lacked the stringent reforms they desired, like requiring judicial warrants or requiring agents to unmask.

SCHUMER, DEMS BLOCK DHS FUNDING AGAIN, TRUMP INTERVENES TO PAY TSA AGENTS

While the deal mirrors previous attempts by Democrats to pass similar legislation that carved out immigration funding, Thune argued that Democrats are still walking away empty-handed in the policy fight over immigration enforcement. 

“We’ve been trying for weeks to fund the whole thing,” Thune said. “And, I mean, in the end, this is what they were willing to agree to. But again, it’s different that it has zero reforms in it. I mean, they got no reforms on DHS, which they could have had if they had been willing to work with us a little bit on that.”

Schumer said that if Republicans hadn’t blocked their initial attempts, “this could have been done three weeks ago.”

“This is exactly what we wanted,” Schumer said. “This is what we asked for, and I’m very proud of my caucus. My caucus held the line.”

The DHS funding deal now heads to the House, where Republicans aren’t enthusiastic about not funding key components of President Donald Trump’s immigration crackdown agenda.

The latest plan came after Senate Democrats blocked a seventh attempt to reopen DHS, after back-and-forth talks throughout the day on Thursday appeared to yield little progress toward a resolution. Trump also announced his intent to sign an order that would pay Transportation Security Administration (TSA) agents as major airports are rocked with staggering lines and eye-popping wait times amid the shutdown. 

DEMS BLOCK DHS FUNDING AFTER GOP REJECTS THEIR COUNTER, THUNE SAYS SCHUMER ‘GOING IN CIRCLES’

While a further concession to Democrats, in part, the underlying argument Republicans have made all along is that if Schumer and his caucus wanted reforms, they would have to agree to fund immigration enforcement.

And ICE and CBP are still flush with roughly $75 billion in cash from Trump’s “big, beautiful bill,” giving the agencies a buffer for a time.

“The good news is we anticipated this a year ago. I mean, one of the reasons we front loaded, pre-loaded up the ‘one big, beautiful bill’ with advanced funding for Homeland Security was because we anticipated this was likely going to happen, and it did,” Thune said. “I still think it’s unfortunate. The Dems wanted reforms. We tried to work with them on reforms. They ended up getting no reforms.”

The same process used to pass that colossal legislative package will likely be turned to again fund immigration enforcement.

DHS DEAL IN LIMBO AS DEMOCRATS DEMAND TOUGHER ICE CRACKDOWN DESPITE GOP COMPROMISE

Sen. Eric Schmitt, R-Mo., envisions funding ICE and CBP for several years.

“Democrats are trying to shut down ICE funding for the remainder of the fiscal year — ultimately they won’t be successful,” Schmitt said on X. “In response, I’ll be pushing to lock in funding for deportation operations and salaries for a decade.”

Doing so could be difficult, still, given that Republicans want to dump several other priorities into the mix, including portions of the Safeguarding American Voter Eligibility (SAVE) America Act and funding for the Iran war.

And some Republicans are already couching expectations on what can and can’t be accomplished in the party-line process, given that anything in the bill has to pass muster with strict rules in the Senate.

“I think we have to set our sights a little bit lower on this reconciliation bill,” Sen. Roger Marshall, R-Kan., told Fox News Digital. “It’s got to be targeted to fund ICE for 10 years, I think that’s the number one thing to us.”

Pennsylvania Sen. John Fetterman is facing escalating backlash from within his own party, with one House Democrat saying this week she has more success working with a Republican senator and another calling for him to step down.

The criticism reflects growing friction between Fetterman and his progressive political base as he breaks with Democrats on key issues, including his support for Israel, backing of Homeland Security Secretary Markwayne Mullin, and openness to voter ID. Once a darling of the political left who exchanged endorsements with socialist Vermont Sen. Bernie Sanders, Fetterman now finds himself a target of attacks from his own party.

“I have more success in working with the one on the R side of the aisle than I do with the D side of the aisle,” Rep. Chrissy Houlahan, D-Pa., said at a recent event, contrasting Fetterman with Sen. David McCormick, R-Pa.

DAVID MARCUS: CAN JOHN FETTERMAN SAVE THE DEMOCRATIC PARTY FROM ITSELF?

The remark drew jeers from the audience at the event, where Houlahan spoke in opposition to the SAVE America Act, GOP-led legislation that includes voter ID requirements and other changes to election rules.

Houlahan urged voters to call “the office of your choice in the Senate” to voice opposition to the bill, adding that requiring “some form of ID is not an unreasonable ask,” but that “this bill is not that.”

Fetterman did not respond to a request for comment but said in a March 17 statement that he would vote against beginning debate on the bill while underlining his support for Voter ID.

“Stop turning this into a Christmas list and attacking vote-by-mail,” he said.

Houlahan declined further comment.

Last week, Rep. Brendan Boyle of Northeast Philadelphia took intraparty tensions with Fetterman to the next level by demanding his ouster.

Boyle, who did not respond to a request for comment, lambasted Fetterman for helping Mullin get confirmed.

“Once again Senator Fetterman shows why he is Trump’s favorite Democrat,” Boyle said in a statement. “He needs to go.”

‘THE VIEW’ CO-HOST JOY BEHAR UNLOADS ON FETTERMAN FOR BACKING TRUMP’S DHS PICK

Rep. Pat Ryan, D-N.Y., a combat veteran and political moderate who has vocally opposed Mullin’s candidacy, echoed Boyle and blasted Fetterman for effectively getting the secretary confirmed.

“If you needed any more proof that Fetterman has completely abandoned his constituents, here it is. Pennsylvanians deserve a Senator that actually fights for them,” Ryan said in a statement.

Fetterman was not always a political maverick, having once been a progressive favorite praised for his blunt and unfiltered style. As lieutenant governor of Pennsylvania, he championed the legalization of marijuana and pushed aggressively for criminal justice reforms supported by Democrats. He aligned with the democratic-socialist Sanders wing of the party and hung pride and weed flags from his balcony at the State Capitol.

In 2020, Harrisburg Republicans inserted language in a budget bill to ban flags other than the national, commonwealth and POW/MIA banners from being posted at the Capitol, to which Fetterman quipped, “it’s kind of flattering that they changed Pennsylvania law just for me.”

Now, Fetterman recently claimed his party is “governed by TDS” — Trump Derangement Syndrome — and that he will always refuse to label Republican opponents “fascist” or make references to the Third Reich.

Fetterman also told “Hang Out with Sean Hannity” that he has encountered his former 2022 Republican foe Dr. Mehmet Oz — the current federal Medicaid administrator — and that the two maintain a civil relationship with no ill will.

He also issued a statement defending his support for Mullin.

“In January, I called on the president to fire [Kristi] Noem — and he did. I truly approached the confirmation of my colleague and friend, Senator Mullin, with an open mind,” Fetterman said.

“We need a leader at DHS. We must reopen DHS. My ‘aye’ is rooted in a strong committed, constructive working relationship with Senator Mullin for our nation’s security.”

Secretary of State Marco Rubio arrived in France on Friday to attend the G7 foreign ministers’ meeting where he will deliver a clear message on U.S. priorities for the ongoing war with Iran.

In the days leading up to the meeting, other members have taken markedly different approaches to the war. Nearly all of Washington’s partners — Britain, Canada, France, Germany, Italy and Japan — have reacted cautiously to the U.S.-Israeli military campaign and declined to participate in offensive operations, even as they condemn Iranian actions.

Before departing on Thursday, Rubio signaled a defiant approach to the talks: “I don’t work for France or Germany or Japan … the people I’m interested in making happy are the people of the United States. I work for them,” he said in a video posted on X.

The divergence has drawn frustration from President Donald Trump, who has pressed allies to contribute more, particularly in securing key maritime routes such as the Strait of Hormuz. While some countries have signaled a willingness to support defensive or maritime security efforts, they have stopped short of joining direct military strikes.

TRUMP PRESSES NATO PARTNERS ON SUPPORT AS HEGSETH BLASTS HESITATION

“The U.S. is constantly asked to help in wars, and we have. But when we had a need, it didn’t get positive responses from NATO. A couple leaders said that Iran was not Europe’s war. Well, Ukraine isn’t our war, yet we’ve contributed more to that fight than anyone,” Rubio added.

“The Strait of Hormuz could be open tomorrow if Iran stops threatening global shipping, which is an outrage and a violation of international law. For all these countries that care about international law, they should be doing something about it,” he said before boarding his plane to France.

The remarks set the tone for a summit already marked by growing friction between Washington and some of its closest allies over how to handle the Iran conflict. Rubio has framed the stakes in stark terms. “Iran has been at war with the United States for 47 years . . . Iran has been killing Americans and attacking Americans across this planet,” he said during a White House cabinet meeting, adding that allowing Tehran to obtain nuclear weapons would be “an unacceptable risk for the world.”

But even before Rubio arrived at the meeting, European officials were signaling a markedly different approach.

“We need to exit from the war, not escalate this further, because the consequences for everybody around the world are quite severe,” Vice President of the European Commission Kaja Kallas said during a briefing on the sidelines of the G7 on Thursday.

JACK KEANE CALLS OUT NATO’S WEAKNESS AS SHIPPING CRISIS GRIPS STRAIT OF HORMUZ

“It can only be a diplomatic solution … sit down and negotiate to have a way out,” she added.

The contrast between Rubio’s framing and Kallas’s message captures the core tension shaping the meeting.

U.S. officials say Rubio is heading into the talks with a broader agenda that goes beyond Iran.

According to a State Department spokesperson, who spoke to Fox News Digital on background, Rubio will use the meeting to “advance key U.S. interests” and push discussions on the wars in Ukraine and the Middle East, as well as “international burden sharing” and the overall effectiveness of the G7.

The U.S. is also expected to emphasize maritime security, including freedom of navigation in the Strait of Hormuz and the Red Sea, while urging allies to take on a greater share of responsibilities in conflict zones and international organizations, the spokesperson said.

RUBIO, RATCLIFFE TO DELIVER CLASSIFIED IRAN BRIEFING TO ‘GANG OF EIGHT’ AHEAD OF TRUMP’S STATE OF THE UNION

European officials have instead emphasized the broader risks of the conflict.

France’s foreign minister, Jean-Noël Barrot, said discussions at the G7 would build on a recent joint statement condemning Iran’s actions while also addressing maritime security concerns.

He said the “discussions will provide an opportunity to revisit positions already agreed at the G7 level… including the unjustifiable attacks carried out by Iran against Gulf countries … which we condemned in the strongest possible terms.”

Barrot added that ministers would also focus on securing global shipping routes.

“We will also have the opportunity to address maritime security and freedom of navigation … including an international mission … to ensure the smooth flow of maritime traffic in a strictly defensive posture, thereby helping to ease pressure on energy prices,” he said.

Kallas echoed that global framing. “All the countries in the world are one way or another affected by this war … it is in the interest of everybody that this war stops,” she said.

IRAN SIGNALS NUCLEAR PROGRESS IN GENEVA AS TRUMP CALLS FOR FULL DISMANTLEMENT

Her remarks also pointed to the interconnected nature of the crisis. “Russia is helping Iran with intelligence … and also supporting Iran now with drones,” she said, linking the Iran conflict to the war in Ukraine.

That uncertainty is already affecting the structure of the summit, with officials dropping plans for a unified final communiqué to avoid exposing divisions, Reuters reported.

Analysts say those differences reflect deeper structural tensions in the alliance. “Europe has criticized Donald Trump’s ‘maximum pressure’ strategy towards Iran while pursuing a failed diplomatic approach that has enabled the regime to expand its terrorist networks and edge closer to nuclear threshold status,” Barak Seener, senior research fellow at the Henry Jackson Society, told Fox News Digital.

“This reflects a lack of European capability to project power in the region, particularly in safeguarding the Strait of Hormuz.”

Seener added that years of reliance on Washington have left Europe increasingly exposed as the U.S. shifts its strategic priorities. “Years of underinvestment in defense and reliance on the United States have created a dependency that Washington increasingly views as a betrayal of the peace it has guaranteed Europe since the Second World War,” he said.

“With the U.S. placing greater value on its relationship with Israel than NATO, the result may be further erosion of the alliance, reduced support for Ukraine and rising economic pressure on Europe.”

He warned that the immediate test will come at the G7 itself. “Divisions over how to respond to Iran and to any U.S. request for support are likely to expose a deeper transatlantic split,” Seener said.

“Operation Epic Fury has showcased President Trump’s ability to assemble a coalition of allies to eliminate a common threat — in this case the Iranian regime — and stabilize international trade,” Jacob Olidort, chief research officer and director of American security at the America First Policy Institute, told Fox News Digital.

“The failure of Western Europe to participate in securing the Strait of Hormuz is particularly egregious because those countries depend on it more than we do,” he added.

“At the same time, the historic successes of Operation Epic Fury have awakened a new confidence in our Middle East partners to eradicate the threats from the Iranian regime and to work together to shape a more peaceful and prosperous region.”

Technical analysts Kevin Wadsworth and Patrick Karim of NorthstarBadcharts.com share an update on the capital rotation process that they see unfolding, and explain what it means for precious metals, as well as the US stock market and Bitcoin.

They also talk about the opportunity they see in oil and how to get exposure to the market.

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

This post appeared first on investingnews.com

TORONTO, ON / ACCESS Newswire / February 27, 2026 / 55 North Mining Inc. (CSE:FFF,OTC:FFFNF)(FSE:6YF) (‘55 North‘ or the ‘Company‘) is pleased to announce that it has closed its previously announced non-brokered flow-through private placement (the ‘Private Placement’).

Pursuant to the Private Placement, the Company issued 1,702,800 flow-through common shares (‘FT Shares’) at a price of $0.745 per FT Share for aggregate gross proceeds of $1,268,586.02.

The FT Shares entitle the holder to receive the tax benefits applicable to flow-through shares in accordance with the provisions of the Income Tax Act (Canada). No warrants were issued in connection with the Private Placement. All securities issued pursuant to the Private Placement are subject to a four-month hold period in accordance with applicable securities laws.

The gross proceeds raised from the Private Placement will be used to incur eligible Canadian exploration expenses that qualify as ‘flow-through mining expenditures’ for purposes of the Income Tax Act (Canada), related to the exploration of the Company’s Last Hope Gold Project.

The Company further confirms that exploration drilling activities are underway, with one drill rig currently operating on the Last Hope Gold Project. A more detailed operational update will be provided in a subsequent news release.

About 55 North Mining Inc.

55 North Mining Inc. is a Canadian exploration and development company advancing its high-grade Last Hope Gold Project located in Manitoba, Canada.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Mr. Bruce Reid
Chief Executive Officer
55 North Mining Inc.
Phone: 647-500-4495
bruce@mine2capital.ca

Mr. Vance Loeber
Corporate Development
Phone: 778-999-3530
cvl@tydewell.com

CAUTION REGARDING FORWARD-LOOKING INFORMATION

This news release of 55 North contains statements that constitute ‘forward-looking statements.’ Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements.

SOURCE: 55 North Mining Inc

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Yum Brands said on Tuesday it was exploring strategic options for its Pizza Hut chain as the unit struggles to keep pace in a highly competitive fast-food industry vying for sales from a stressed consumer.

“Pizza Hut‘s performance indicates the need to take additional action to help the brand realize its full value, which may be better executed outside of Yum Brands,” Yum Brands’ new CEO, Chris Turner, said in a statement.

Pizza Hut‘s sales have lagged Yum Brands’ other prominent units, Taco Bell and KFC International, falling for seven consecutive quarters. In comparison, Taco Bell last reported negative comparable sales in June 2020.

Yum Brands’ shares were up about 2% in premarket trading after the company banked on 7% growth in Taco Bell U.S. same-store sales and 3% growth in KFC International to beat third quarter estimates.

Pizza Hut accounts for about 11% of Yum Brands’ operating profits, compared with about 38% for Taco Bell’s U.S. business.

Several quarters of price hikes at restaurants, sticky inflation and economic uncertainty have forced consumers to become more wary about dining out as they look to stretch their budgets. Still, pizzas are viewed as a value-option to feed families.

Industry giant Domino’s Pizza DPZ.O said in October that although fast-food traffic was slowing, consumers were still seeking out its pizzas, helped by promotions and new menu items, as well as its delivery partnerships with third-party aggregators such as Doordash DASH.O and UberEats UBER.N.

While Pizza Hut has also offered value deals such as various personal pizzas for $5 and $2, “an insufficient value message amid a competitive value landscape resulted in transaction softness,” company veteran and former CEO David Gibbs said in August.

Taco Bell’s Tex-Mex cuisine and its more affordable prices have held Yum Brands in good stead against the slowdown in dining out.

Yum Brands’ worldwide same-store sales grew 3% during the quarter ended September 30, 2025 edging past estimates of a 2.68% increase, according to data compiled by LSEG.

Adjusted profit per share of $1.58 beat estimates of $1.49.

Packaged food giant PepsiCo acquired Pizza Hut in 1977, but spun off the chain along with KFC and Taco Bell in 1997 to create a restaurants company, which took on the name Yum Brands in 2002.

A deadline to complete Pizza Hut‘s strategic review has not been set, and there was no assurance that the process would result in a transaction, Yum Brands said on Friday.

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Kimberly-Clark said on Monday it will buy Tylenol maker Kenvue KVUE.N in a cash-and-stock deal valued at about $48.7 billion, to create one of the biggest consumer health goods companies in the United States.

Shares of Kenvue were up 18% in premarket trading, while Kimberly-Clark‘s shares were down 12.5%.

Kenvue has been under a strategic review, leadership shake-up, and mounting litigation risks. It came under fresh scrutiny following President Donald Trump’s comments linking its popular pain medicine Tylenol to autism.

The deal will bring together brands including Neutrogena, Huggies and Kleenex under a consumer health and personal care company with expected combined annual revenues of roughly $32 billion.

Sources in June told Reuters the strategic review of its operations could include a sale or breakup of the company that had been spun off from healthcare conglomerate Johnson & Johnson JNJ.N in 2023.

Kenvue‘s shareholders will receive $3.50 per share and 0.15 Kimberly-Clark shares for each Kenvue share held. That implies a per-share deal value of $21.01, or an equity value of $40.32 billion, according to Reuters calculations.

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