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This week, Microsoft (NASDAQ:MSFT) and OpenAI’s once tight alliance showed signs of strain, while Meta Platforms (NASDAQ:META) continued to source artificial intelligence (AI) talent from rival companies.

Meanwhile, SoftBank’s (TSE:9434) CEO is considering a new chip and robotics venture in Arizona, and Google (NASDAQ:GOOGL) is looking to bring AI solutions to American cities.

Read on to dive deeper into this week’s top tech stories.

1. OpenAI and Microsoft partnership faces tension

Microsoft and OpenAI’s once-close partnership is reportedly entering a tense period of renegotiation as OpenAI restructures into a public-benefit company and seeks more autonomy.

According to sources for The Information, recent negotiations have centered on reducing Microsoft’s long-term revenue share in exchange for a 33 percent stake in the newly formed entity. Additionally, OpenAI would like to limit Microsoft’s access to future models such as Windsurf, which OpenAI acquired in May.

The company has competitive concerns with Microsoft’s GitHub Copilot, according to the people.

Tensions have risen enough that some OpenAI executives are even weighing antitrust action against Microsoft, according to sources for the Wall Street Journal. In a joint statement, both companies maintained they want to continue working together; however, the Financial Times reported on Wednesday (June 18) that if they can’t reach an agreement, Microsoft is prepared to walk away and rely on its existing contract with the startup, which extends until 2030.

2. SoftBank floats trillion-dollar robotics hub in Arizona

SoftBank is reportedly interested in a trillion-dollar infrastructure project and has reached out to Taiwan Semiconductor Manufacturing Company (NYSE:TSM) as a potential collaborative partner.

Sources for Bloomberg revealed on Friday (June 20) that SoftBank founder Masayoshi Son has approached the Taiwanese chipmaker to play a “prominent role” in a manufacturing park in Arizona codenamed “Project Crystal Land,” which may serve as a major production facility for AI-powered industrial robots.

The sources said SoftBank has also approached Samsung Electronics (KRX:005930) and other companies with the idea. SoftBank officials have reportedly engaged in discussions with federal and state government officials, including US Secretary of Commerce Howard Lutnick, to explore potential tax incentives for companies onshoring high-tech manufacturing.

In other semiconductor news, Texas Instruments (NASDAQ:TXN) said on Wednesday that it will spend more than US$60 billion building seven new semiconductor facilities across the US. Meanwhile, Amazon (NASDAQ:AMZN) announced over the weekend that it will invest AU$20 billion to expand data center infrastructure in Australia by 2029.

3. Intel reportedly planning sizeable layoffs

Intel (NASDAQ:INTC) is reportedly set to implement substantial layoffs, impacting 15 to 20 percent of its factory workforce, according to an internal memo distributed on Saturday (June 14) and obtained by the Oregonian.

This move comes amidst continuing efforts to overhaul a company lagging behind its peers.

For some time, Intel’s offerings have struggled to compete effectively against those of key rivals in the highly competitive market of AI products and chip divisions. In a concerted effort to address this gap and reinvigorate its innovation pipeline, Intel has also been actively recruiting top-tier engineering talent.

On Wednesday, Intel expanded its sales and engineering leadership team to include experienced professionals from Cadence Design Systems (NASDAQ:CDNS), Apple (NASDAQ:AAPL) and Google.

These strategic hires are intended to inject fresh perspectives and expertise into crucial engineering departments, directly contributing to the company’s ambitious plans to develop more competitive and advanced AI solutions.

4. Google partners with Conference of Mayors for city AI strategies

On Friday, Google announced that it has partnered with the US Conference of Mayors to help speed the adoption of city-wide AI strategies. With the announcement, the company released a playbook titled A Roadmap for America’s Mayor that provides a framework for city leaders to develop and host an “AI Adoption Workshop,’ which would be structured to help cities identify and explore how AI can support specific needs, drawing on experiences from other communities.

The roadmap suggests cities conduct a general survey to tailor workshop content by gathering information on current AI usage, as well as concerns and ideas for AI applications. Various approaches are suggested for drafting the strategy document, including a dedicated working group, an appointed lead drafter, a hybrid model or engaging external expertise, with a recommended deadline of four to six weeks post-workshop for the first draft.

5. Meta hires top AI talent

Sources for the Information indicated on Wednesday that Meta CEO Mark Zuckerberg is bringing Daniel Gross, CEO of Ilya Sutskever’s startup Safe Superintelligence, and former GitHub CEO Nat Friedman onboard.

According to the report, Gross and Friedman will both join Meta, with Gross leaving his startup to focus on AI products at Meta and Friedman taking on a broader role. Both are expected to work directly with Zuckerberg and Scale AI CEO Alexandr Wang, who signed a US$14.3 billion deal to join Meta last week.

In exchange, Meta will get a stake in NFDG, the venture capital firm co-owned by Gross and Friedman that has backed companies such as Coinbase Global (NASDAQ:COIN), Figma, CoreWeave (NASDAQ:CRWV), Perplexity and Character.ai.

On the most recent episode of his brother’s “Uncapped” podcast, OpenAI CEO Sam Altman said that Meta has also offered signing bonuses as high as US$100 million and large compensation packages to OpenAI employees.

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

This post appeared first on investingnews.com

Gold was on the decline this week, closing just below US$3,370 per ounce, after tensions in the Middle East pushed it past the US$3,430 level toward the end of last week.

All eyes were on the US Federal Reserve, which in a widely expected move left interest rates unchanged on Wednesday (June 18) following its two day meeting. The central bank cut rates in December 2024, but has kept them steady for its last four gatherings.

US President Donald Trump wasn’t pleased, calling Powell ‘too late’ in a Thursday (June 19) post on Truth Social. While speculation that Trump will fire Powell has died down, the president did recently say he intends to announce his next pick for the Fed leader position ‘very soon.’

Of course, Fed meetings are never just about rate decisions — experts often look to Powell’s post-meeting commentary to read between the lines of what’s said (and not said).

Tariffs were definitely in focus this time around, with Powell emphasizing that it’s still soon to tell how much of an impact they will have and how the Fed should react.

‘We have to learn more about tariffs. I don’t know what the right way for us to react will be. I think it’s hard to know with any confidence how we should react until we see the size of the effects’ — Jerome Powell, US Federal Reserve

Chris Temple of the National Investor, who offered another perspective on Powell’s comments.

He noted that while Powell didn’t say the Fed is going to abandon its 2 percent inflation target, it may be leaning in that direction. This is what he said:

The consensus still — although it was extremely close — is barely still for two 25 basis point rate cuts in the balance of 2025. Whether we get them or not, who knows, (but) that’s the current snapshot, which may well change. But that’s against a backdrop of admitting for the second SEP, summary of economic projections … in a row that inflation is going to continue to move back higher — that we’ve seen the best numbers for inflation — at the same time that GDP slows a bit.

So okay, you just told us that your favored inflation number, which is a lot of smoke and mirrors to begin with, is going to go back up to north of 3 percent, which is what they said yesterday. And yet you still — the consensus is you’re going to lower interest rates twice in 2025? So he did everything but come right out and admit that the 2 percent inflation target isn’t going to be reached.

Stay tuned to our YouTube channel for the full interview with Temple.

Bullet briefing — Silver hits 13 year high, SPUT raising US$200 million

Is silver’s price rise real?

Gold has stolen the precious metals spotlight in 2025, but this month silver is shining.

The white metal has been on the rise since the beginning of June, and this week it broke the US$37 per ounce mark for the first time in 13 years.

While silver is known to lag behind gold before playing catch up, it’s also known for its volatility. Its move has created excitement, but market participants are also wary of a correction.

When asked what factors are driving silver, Peter Krauth of Silver Stock Investor he said he sees a ‘perfect storm’ emerging. Here’s how he explained it:

You’ve got the macroeconomic picture that is I think certainly bullish for silver, like it is for gold and a lot of the other commodities. But I think at the same time you’ve got the market kind of coming to terms with the fact that silver is in a deficit, (and) it’s unlikely to be able to rectify that deficit for several years — in fact, the Silver Institute thinks we’re going to see record deficits at some point over the next five years.

And silver supply is unable to grow. We saw a peak 10 years ago in mined silver, and overall silver supply is essentially flat.

So flat supply, growing demand — demand that’s nearly 20 percent above supply — and our ability to meet those deficits is shrinking because we’re tapping into these aboveground stockpiles that have shrunk by about 800 million ounces in the last four years, which is the equivalent of an entire year’s mine supply. So it’s the perfect storm, it’s really all coming together. And I think that the market’s realizing that.

But does that necessarily mean silver is ready for a big breakout? Krauth has a target of US$40 by the end of 2025, but said silver could potentially go 10 percent above that.

For his part, Jeffrey Christian of CPM Group attributes the silver price boost to increased demand from investors, especially when it comes to exchange-traded funds and wholesale products.

He’s projecting a bumpier path forward for the metal:

You also have — the last time I looked it was like 490 million ounces of open interest in the July Comex futures contract. And that’s two weeks from first delivery. So most of the people (who) have those shorts – those are hedges of their physical inventories. They keep those hedges in place, but they roll them forward. So they’ll be buying back their Julys and selling September futures to keep that hedge in place with the next active futures contract. That buying back of the Julys could push silver prices higher.

So if you really want to talk granular prices, we wouldn’t be surprised to see the price of silver fall to US$33, US$34 an ounce, and go up to US$40 an ounce and then back to US$33 an ounce over the next four weeks.

Click the links above to watch the interviews with Krauth and Christian.

SPUT raising US$200 million

The uranium spot price made moves this week after the Sprott Physical Uranium Trust (TSX:U.U,OTCQX:SRUUF) announced a US$100 million bought-deal financing on Monday (June 16).

It was bumped up to US$200 million the same day due to strong demand.

Spot uranium has been in a consolidation phase since hitting triple-digit levels in early 2024, creating frustration among those who are waiting for the industry’s strong long-term fundamentals to be better expressed. This week’s move past US$75 per pound has helped reinvigorate investors.

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

This post appeared first on investingnews.com

The State Department said Friday it had provided ‘information and support’ to over 25,000 people in Israel, the West Bank or Iran seeking guidance on what to do and how to get out.

When pressed on the matter during a State Department briefing Friday afternoon, State Department spokeswoman Tammy Bruce declined to go into further detail about how many of those 25,000 people are American citizens or any other breakdown of the number. 

News of the number of people the State Department has assisted comes after the agency announced the formation of a task force to assist Americans looking to leave Israel or other Middle Eastern countries.  

Bruce said during a press briefing Friday that the United States does not intend to help transport American citizens directly from Iran, and they will have to make it out first before they can be assisted by the government. 

United States Ambassador to Israel Mike Huckabee said earlier this week the embassy in Jerusalem was ‘working on evacuation flights & cruise ship departures’ for Americans trying to leave Israel.

Huckabee released his statement hours after the U.S. Embassy in Jerusalem wrote in its own X post that there was ‘no announcement about assisting private U.S. citizens to depart at this time,’ but it simultaneously acknowledged ‘the Department of State is always planning for contingencies to assist with private U.S. citizens’ departure from crisis areas.’

So far, the U.S. has not engaged in a large-scale effort to help Americans get out of Israel. But, according to ABC News, the military did assist in flying some American diplomats and family members from the U.S. Embassy this week. 

Private flights for American citizens did begin landing in Florida Thursday after Florida Gov. Ron DeSantis dispatched four planes to pick up U.S. citizens stuck in Israel during the ongoing violence. Other private options to get out of Israel are also available.

On Monday, the State Department raised its travel warning for Israel to the highest level possible.

This post appeared first on FOX NEWS

Several provisions in the Senate GOP’s version of President Donald Trump’s ‘big, beautiful bill’ have run afoul of Senate rules and must be stripped if Republicans want to pass the package without the help of Democrats.

The bill is undergoing what’s called a ‘Byrd Bath,’ when the parliamentarian meticulously combs through each section of the mammoth bill to determine whether policies comport with the Senate’s Byrd Rule.

The point of the budget reconciliation process is to skirt the Senate filibuster and pass a massive, partisan legislative package. But if provisions are left in that fail the test, Senate Republicans will have to meet the typical 60-vote threshold. Provisions that don’t pass muster can still be appealed, however.

Senate Democrats vowed to use the Byrd Bath as a cudgel against the Senate GOP to inflict as much pain as possible and slow momentum as Republicans rush to put the colossal bill on Trump’s desk by July 4. 

Senate Majority Leader John Thune, R-S.D., could also overrule the parliamentarian but has remained adamant he would not attempt such a move. 

Senate Parliamentarian Elizabeth MacDonough scrutinized three chunks of the megabill from the Senate Banking, Environment and Public Works and Armed Services committees and found numerous policies that failed to meet the Byrd Rule’s requirements.

Among those was a provision that would have eliminated funding for a target of the GOP’s since its inception in 2008, the Consumer Financial Protection Bureau, which would have effectively eliminated the agency. Doing so also would have slashed $6.4 billion in spending.

Senate Banking Committee Chair Tim Scott, R-S.C., said in a statement he would ‘remain committed to cutting wasteful spending at the CFPB and will continue working with the Senate parliamentarian on the Committee’s provisions.’

Attempts to put guardrails on the $150 billion in Defense Department funding baked into the package also failed to pass muster. The language would have required that Pentagon officials outline how the money would be spent by a certain deadline or see the funding reduced.

Other provisions on the chopping block include language that cut $300 million from the Financial Research Fund and cut jobs and move the Public Company Accounting Oversight Board under the umbrella of the Securities and Exchange Commission, which would have saved roughly $773 million.

An attempt to change the pay schedule for Federal Reserve employees was also nixed, which would have saved about $1.4 billion.

Environmental standards and regulations set by the Biden-era Inflation Reduction Act were also determined to have run afoul of the Byrd Rule, including a repeal of tailpipe emissions standards for vehicles with a model year of 2027 and later. 

This post appeared first on FOX NEWS

Recent arrests of Chinese nationals at the University of Michigan have resurrected concerns about CCP-owned farmland and property in the United States, particularly in Michigan, and caused some to draw parallels with the current conflict between Iran and Israel. 

Earlier this month, two Chinese nationals were charged with allegedly smuggling a ‘dangerous biological pathogen’ into the U.S. to study at the University of Michigan in an incident that FBI Director Kash Patel described as a ‘sobering reminder that the Chinese Communist Party (CCP) continues to deploy operatives and researchers to infiltrate our institutions and target our food supply, an act that could cripple our economy and endanger American lives.’

Later, a third Chinese national with connections to the university was arrested, renewing questions about China’s efforts to infiltrate and influence various sectors in the United States, including buying up farmland, which has been a growing concern nationwide.

2023 report from the United States Department of Agriculture found that ‘foreign persons held an interest in nearly 45 million acres of U.S. agricultural land,’ which represents 3.5% of all privately held agricultural land and 2% of all land in the country.

While China is not at the top of the list of countries in that report, the arrests in Michigan have prompted calls from Congress to ensure that the CCP, viewed by many as the nation’s top geopolitical adversary, is not buying up farmland in the United States.

Republican Sen. Pete Ricketts exclusively told Fox News Digital this week that China has been aggressively buying American agriculture, ‘which is why we need to have a heightened sense of vigilance around protecting our homeland.’

Ricketts, along with Democratic Sen. John Fetterman, introduced the bipartisan Agricultural Foreign Investment Disclosure (AFIDA) Improvements Act that seeks to implement recommendations published by the Government Accountability Office in January 2024, which found the AFIDA was ill-equipped to combat foreign ownership of American agricultural land. 

‘China’s land purchases aren’t just about acreage—they’re about access,’ Michigan GOP Rep. John Moolenaar, chairman of the House Select Committee on the Strategic Competition Between the United States and the CCP, told Fox News Digital. 

‘Even small parcels near military bases or critical infrastructure pose serious national security risks. In my home state, we’ve seen concerning cases like Gotion’s site near Camp Grayling. We need full transparency into who’s buying land and where—because the Chinese Communist Party shouldn’t be allowed to hide behind shell companies to gain a foothold in our country.’

China’s encroachment into Michigan’s agriculture was enough of a concern for Republican state Rep. Gina Johnsen to introduce legislation earlier this year banning foreign adversaries from buying up farmland.

‘Our state’s agricultural industry is a pillar of our economy. My community is an agricultural community,’ Johnsen said. Our farms provide food security, jobs, and economic stability for countless residents. However, there is growing concern about losing our farmland to countries of concern.’ 

Additionally, Chinese farmland has become a topic of conversation in the wake of revelations that Israel’s attack on Iran’s nuclear capabilities was aided by years of covert planning, surveillance and infiltration by Israeli intelligence. 

Code-named ‘Am Kelavi’ (Rising Lion), the preemptive operation was the product of unprecedented coordination between the Israeli air force, the Military Intelligence Directorate, the Mossad and the country’s defense industries. For years, they worked ‘shoulder to shoulder’ to gather the intelligence files needed to eliminate Iran’s most sensitive military and nuclear assets.

As part of that operation, Israel was able to establish a drone base inside Iran, where Mossad operatives retrieved them from hiding spots to use against Iranian sites. 

Bryan Cunningham, president of Liberty Defense and former CIA intelligence officer, told Fox News Digital that the Israeli operation is a ‘wake-up call’ for the United States about what a foreign adversary like China could potentially carry out in the United States.

‘As an intelligence officer, part of me says, I wish that the sources and methods of building these drone factories inside the target countries hadn’t been revealed,’ Cunningham said. ‘But on the other hand, it does serve as a wake-up call, hopefully for our policymakers, and it also ties in, and if I were the administration, I would make this tie in immediately and loudly with the Trump administration’s border strategy.’

Cunningham continued, ‘Our borders are where you’re most likely to actually intercept these kinds of toxins, explosives, flares, 3D-printed weapons, ceramic weapons, whatever it is. So if it were me and I were the Secretary of Homeland Security, I would be tying this all together. You know, it is important to get people out of the country that have committed violent or other serious crimes in the country, but it’s also really important to prevent people like these guys from bringing in those kinds of materials.’

The FBI is increasing its surveillance of Iranian-backed operatives inside the United States as Trump weighs strikes, a senior law enforcement official told Fox News on Friday. 

Fox News Digital’s Deirdre Heavey, Lucas Tomlinson and Efrat Lachter contributed to this report.

This post appeared first on FOX NEWS

As tensions between Israel and Iran escalate, the airwaves are full of alarmist commentary. Military analysts and political leaders alike are warning that Tehran is ‘on the brink’ of possessing a nuclear weapon. White House Press Secretary Karoline Leavitt even claimed, ‘Iran has all that it needs to achieve a nuclear weapon … and it would take a couple weeks to complete the production of that weapon.’ This is not just a misstatement. It is misinformation—and it risks pushing the United States into a hasty and unjustified war.

The reality is far more complex. Enriched uranium—even at weapons-grade levels—is only one component of a long, technically demanding process required to create a functional nuclear bomb. Understanding why this alarmism is premature requires a clear breakdown of what’s actually involved in building such a device.

According to U.S. experts and declassified intelligence assessments, a nuclear weapon requires at least the following elements:

  1. Highly Enriched Uranium (HEU): Iran would need U-235 enriched to 90%, but that alone is insufficient.
  2. Precision Shaping: The uranium must be machined into a flawless sphere, requiring high-end metallurgy and computing.
  3. Explosive Lenses: Carefully placed charges must detonate simultaneously to compress the core—a method called implosion.
  4. Trigger Mechanisms: These detonators must be precisely synchronized; even a microsecond delay renders the weapon ineffective.
  5. Reflectors and Tampers: Elements like beryllium are required to maintain compression and sustain the chain reaction.
  6. Weaponization: The bomb must be ruggedized into a functional assembly, including casing and electronics that can survive delivery.
  7. Delivery Systems: The weapon must be fitted onto a missile, aircraft, or another platform capable of reaching its target.

In addition to enriched uranium and implosion mechanisms, a functional nuclear weapon requires several other complex components that Iran has not demonstrably mastered. These include a neutron initiator to trigger the chain reaction, precision fusing and arming systems, and reentry vehicle technology if the weapon is to be missile-delivered. A credible nuclear arsenal also demands sub-critical testing infrastructure to validate design functionality and safety protocols to control explosive yield. These technical requirements involve advanced engineering, testing, and materials—none of which are confirmed to exist in Iran’s program today.

Each of these steps represents a serious technological challenge. While Iran has demonstrated enrichment capabilities, there is no credible open-source evidence that it has mastered the other essential components. The most difficult hurdle—weaponization—remains the most classified and technically advanced part of the entire process.

Yet Israel’s recent week of strikes on Iranian nuclear and military facilities—including the deeply buried Fordow enrichment site near Qom—were reportedly driven by fears that Iran had crossed the 90% enrichment threshold. Prime Minister Benjamin Netanyahu declared that Iran now possesses enough enriched uranium for ‘nine nuclear weapons’ and the IDF’s Chief of Staff Eyal Zamir warned of an ‘immediate operational necessity’ as Iran had ‘reached the point of no return.’ However, the International Atomic Energy Agency (IAEA) and U.S. intelligence assessments have not publicly corroborated any progress toward assembling a usable bomb.

The Fordow facility, often portrayed as a doomsday site, is not a weapons lab. It is an enrichment plant—too deep to strike easily, but also too constrained to test, assemble, or launch a nuclear weapon. That fact alone should prompt the question: Why strike now?

Netanyahu’s warnings are not new. In 2012, he told NBC’s Meet the Press that Iran would have enough material for a bomb in ‘six or seven months,’ urging the U.S. to draw a ‘red line’ before it was ‘too late.’ The dire prediction never materialized. No bomb was built. No red line crossed. The episode offers a lesson in how worst-case scenarios, not verified facts, can drive the conversation.

Before the United States commits to military action, President Trump—and the American people—deserve clear answers: Does Iran possess the necessary components, the design knowledge, and the capacity to assemble and deliver a functioning weapon? Or are we risking war based on fear and incomplete intelligence?

We have been here before. In 2003, the U.S. invaded Iraq over weapons of mass destruction that did not exist. That war cost thousands of lives, almost three trillion dollars to the present, destabilized a region, and damaged U.S. credibility for decades. To repeat such a mistake would be strategic malpractice of the highest order.

None of this downplays the threat Iran poses. The regime’s support for proxy militias, its ballistic missile program, and its pattern of obstructing IAEA inspections are deeply troubling. But deterrence and diplomacy—not preemptive war—must be the first response. The United States retains a full suite of tools: cyber operations, regional missile defense, economic sanctions, and multilateral diplomacy. Military action should remain the final option—not the opening move.

As Australian novelist Kate Forsyth reminds us: ‘War is an unpredictable beast. Once unleashed, it runs like a rabid dog, ravening friend or foe alike.’ Let us not unleash that beast over uranium that is dangerous—but not yet detonatable.

President Trump, Congress, and our intelligence community must deliver a full, honest accounting. What does the United States know—not suspect—about Iran’s nuclear readiness? What pieces are still missing? What tools short of war can ensure they stay missing?

These are the questions that must be answered before another missile is fired. Panic is not a policy. Precision is.

This post appeared first on FOX NEWS

Amid a week of daily attacks between Middle Eastern juggernauts Israel and Iran, President Donald Trump has repeatedly drilled home a key point.

‘IRAN CAN NOT HAVE A NUCLEAR WEAPON,’ the president wrote on social media.

And speaking with reporters in the Oval Office at the White House, Trump highlighted, ‘I’ve been saying for 20 years, maybe longer, that Iran cannot have a nuclear weapon.’

It’s a stance U.S. presidents have taken for a couple of decades. And it appears most Americans agree with Trump and his presidential predecessors when it comes to the possibility of Iran acquiring nuclear weapons.

Nearly three-quarters (73%) of registered voters questioned in a new Fox News national survey said they think Iran poses a real security threat to the U.S. That’s a 13-point boost since Fox News last asked the question six years ago.

And the poll, conducted June 13-16, indicates wide support across the partisan spectrum. Majorities of Republicans (82%), Democrats (69%) and Independents (62%) agreed that Iran poses a threat.

The survey also showed that 78% of those questioned said they were very or extremely concerned about Iran obtaining a nuclear bomb. And eight in 10 said what happens in the Middle East does matter in the U.S.

Daron Shaw, a veteran GOP pollster and the Republican partner on the Fox News poll, said that ‘the increased sense that Iran constitutes a threat is real, but it also reflects the unique timing and circumstances surrounding this poll.’

‘The poll was in the field as images of Iranian missiles falling on Tel Aviv dominated television and the internet — the immediacy and clarity of the conflict undoubtedly contributes to how voters gauge what is at risk,’ noted Shaw, who is also a politics professor and chair at the University of Texas.

There was a similar response regarding the threat from Iran in a Ronald Reagan Institute national survey conducted earlier this month, before Israel’s initial attack last week sparked the daily bombardments by both nations.

Eighty-four percent of those questioned in the poll, which was shared first with Fox News, said preventing Iran from obtaining nuclear weapons matters to U.S. security and prosperity. 

Trump is weighing whether the U.S. should join Israel in striking Iran to cripple its nuclear program and prevent Tehran from acquiring nuclear weapons.

‘President Trump doesn’t often get a political softball sent his way. His decision to support Israel’s attacks on the Islamic Republic of Iran and the prospective decision to deal a limited but decisive blow to Iran’s nuclear ambitions by striking the Fordow facility can prove to be political mana from heaven,’ veteran political scientist Wayne Lesperance said. 

Lesperance, president of New England College, noted that ‘If the President makes the case clearly and firmly to the American people, polling data suggests he would enjoy support from his own party, Democrats and Independents. What’s more, Trump’s decision and subsequent action would crowd out any of the issues or coverage like immigration, the budget, or tariffs in the near term. Politically, a decision to act against Iran is smart politics.’

But Lesperance cautioned that ‘this all assumes that the attacks are successful. It also assumes Americans are tolerant of the repercussions of backlash over the threat of a nuclear-armed Iran.’

Fox News’ Dana Blanton and Victoria Balara contributed to this report.

This post appeared first on FOX NEWS

Investment Insight

Coelacanth Energy presents strong growth potential in the Canadian light oil and natural gas sector with encouraging well test results, a robust infrastructure buildout, and a management team with a track record of repeated success, making it a compelling growth story.

Overview

Coelacanth Energy (TSXV:CEI) is a junior oil and natural gas exploration and development company, focusing primarily on the prolific Montney region in northeastern British Columbia, Canada. With a substantial landholding of approximately 150 net sections in the Two Rivers area of Montney, Coelacanth is strategically positioned to harness the potential of one of the most resource-rich natural gas basins in North America.

Coelacanth distinguishes itself with a two-pronged strategy: near-term production growth and long-term resource development. Supported by advanced geological delineation and a robust infrastructure buildout, the company is poised to scale efficiently as it transitions from exploration to production.

Backed by a management team that has built and sold six successful oil and gas companies, Coelacanth is focused on delivering returns through disciplined capital deployment and operational execution.

The Montney Advantage

The Montney Formation spans British Columbia and Alberta and is known for its high levels of recoverable natural gas and liquids. Montney has attracted numerous large oil and gas producers, including companies like Canadian Natural Resources (CNQ), Shell, ARC Resources (ARX), Tourmaline Oil Corp (TOU), and ConocoPhillips (COP). The presence of such large players highlights the importance of this region in contributing to both the Canadian and global energy markets.

Coelacanth’s landholdings are strategically located in the Two Rivers area of Montney, giving it access to a highly productive portion of the basin. Unlike many junior exploration companies, Coelacanth is drill-ready, positioning it favorably among its peers. By securing significant infrastructure and landholdings, Coelacanth ensures its ability to tap into the natural gas and oil resources that lie beneath its properties, a key advantage in the competitive Montney region.

Company Highlights

  • Over 150 net sections of contiguous land in the Two Rivers area, located in the Montney geological fairway, a prolific oil and liquids-rich natural gas region.
  • Strategic proximity to major producers like ARC Resources, Tourmaline Oil Corp, Shell and ConocoPhillips.
  • Fully permitted and funded infrastructure development program, with first production from Two Rivers East Pad started in June 2025 and expected to ramp through the summer.
  • Phase 1 facilities will support initial production of 8,000 boe/d; Phase 2 will add compression and double total capacity by Q4 2025.
  • Nine wells have been drilled and tested at the 5-19 pad, collectively flowing at over 11,000 boe/d in flush test rates.
  • Estimated production growth: 4,000 boe/d in 2025; 11,000 boe/d in 2026; 15,000 boe/d in 2027.

Key Projects

Two Rivers East and Two Rivers West

The Two Rivers Montney development is the cornerstone of Coelacanth’s growth strategy. This multi-zone resource play features Lower, Upper, Basal and Middle Montney formations, offering significant running room for future development. The company has drilled and tested nine wells on the 5-19 pad (seven Lower Montney, one Upper, one Basal), yielding impressive flush production test rates totaling more than 11,000 boe/d, on a combined basis. Some wells tested at over 1,200 boepd with 50 percent light oil, highlighting strong liquids yields.

Two Rivers Asset Advantage

Two Rivers East started first production in June 2025, with production to be systematically ramped up over the summer. This production is supported by a new Phase 1 facility capable of processing 30 mmcf/d of gas and associated oil. Phase 2, planned for late 2025, will double capacity with added compression.

The Two Rivers West project, already in production, complements the East project with upside in the Upper Montney and delineation potential across additional benches. Test wells have demonstrated commercial deliverability and support long-term production sustainability.

Market Access and Takeaway Agreements

Coelacanth has secured long-term gas takeaway for its growing production base. The company holds firm commitments for up to 100 mmcf/d of natural gas takeaway capacity and has secured processing capacity of up to 60 mmcf/d at a third-party facility. Oil and condensate produced from the Montney light oil window can be trucked to regional terminals or connected via infrastructure to major hubs including Fort Saskatchewan, Edmonton and Prince George.

On the gas side, Coelacanth has egress options through pipelines such as NGTL, Westcoast and Alliance, and is strategically positioned to benefit from future access to LNG Canada via the Coastal GasLink system.

Board and Management

Rob Zakresky – President and CEO

Rob Zakresky has a significant background in the oil and gas sector, previously serving as the president and CEO of Leucrotta Exploration as well as five additional predecessor companies. He has been with Coelacanth Energy since its inception and is recognized for his strategic leadership and focus on enhancing shareholder value. His expertise in financial management and operations is reflected in his approach to driving the company’s growth.

Bret Kimpton – Vice-president of Operations and COO

Bret Kimpton joined Coelacanth Energy in 2022, bringing a wealth of experience from his previous role as vice president of production at Storm Resources, where he contributed to significant production growth. He has a strong background in construction and operations, especially in the Montney region of British Columbia, managing various fields. His role at Coelacanth focuses on overseeing operational efficiency and implementing the company’s growth strategies.

Nolan Chicoine – Vice-president of Finance and CFO

Nolan Chicoine has also been with Coelacanth Energy since its inception. His responsibilities encompass financial oversight, including financial planning, reporting, and analysis. He plays a crucial role in aligning the financial strategies with the company’s operational goals. His background includes significant experience in financial management as CFO for Leucrotta Exploration, Crocotta Energy, and Chamaelo Energy.

Jody Denis – Vice-president of Drilling & Completions

Jody Denis is the former drilling, engineering & operations engineer at Leucrotta Exploration. Prior to that, he was senior operations advisor at Black Swan Energy, drilling manager at ARC Resources, and drilling and completions manager at Birchcliff Energy.

John Fur – Vice-president Geosciences

John Fur is the former manager, exploration of Leucrotta Exploration, and former senior geophysicist at Crocotta Energy, Chamaelo Energy, Chamaelo Exploration, Viracocha Energy, Canadian Natural Resources, Post Energy, Amber Energy and Husky Oil.

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Jeffrey Christian, managing partner at CPM Group, shares his latest thoughts on gold, silver and platinum-group metals, outlining potential price scenarios for the months ahead.

He also discusses his broader outlook for the US economy.

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

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Ericsson (NASDAQ:ERIC) and Rogers Communications (NYSE:RCI) have activated Canada’s first underground private 5G network at the Northern Center for Advanced Technology’s (NORCAT) Sudbury mine.

The move is part of a bid to transform traditional mining operations with cutting-edge connectivity.

At the heart of this innovation is the Ericsson Private 5G system, which the company says delivers seamless, high-performance, low-latency coverage from the surface to depths of more than a mile.

Built on Ericsson’s EP5G technology and integrated with Rogers’ private network expertise, the setup is designed for smart mining applications that Wi‑Fi cannot adequately support. These include autonomous haul trucks, remote-controlled drilling rigs, environmental monitoring sensors and real-time asset tracking.

‘The NORCAT Underground Centre provides an extraordinary platform for companies worldwide to showcase their cutting-edge technologies in a real operating mine, shaping the future of the mining industry,’ said NORCAT CEO Don Duval in a Thursday (June 19) press release, calling it an ‘ecosystem like no other in the world.’

Duval also emphasized the importance of collaboration in making sustainable impacts in mining. Adam Burley, director of IoT and wireless private networks at Rogers, stressed the collaborative roots of the breakthrough as well:

“Rogers and Ericsson have worked together for more than 35 years … Every industry is looking for operational efficiency, and if you develop or rely on technology for mining, NORCAT is where you go to test and certify products that work within a real-world environment.”

The company’s private 5G setup is scalable and future proof, allowing agile adaptation as new technology needs emerge — from integrating 4G systems to deploying large-scale sensor networks.

Use cases across various aspects of mining

Ericsson views the network as an extension of its quality of service features — ideal for mission-critical mining operations where data reliability matters — that apply in different facets of the mining process.

Industry forecasts validate the broader relevance of private networks.

A McKinsey report indicates demographic shifts in mining workforces that make modernization a priority — aging employees are nearing retirement and younger workers are expecting digital environments.

Around 71 percent of mining leaders cite talent shortages as barriers to production targets, reinforcing the dual mandate of digital adoption and workforce transformation.

Beyond workforce and safety, remote operations and asset management benefit from the technology.

Remote control centers with scalable data pipelines and robust connectivity eliminate the need for staff to occupy large numbers of underground positions while maintaining compliance with environmental and safety regulations.

Similarly, data-centric asset management, powered by sensors, HD video cameras and predictive analytics, brings down costs, extends equipment lifespans and reduces unplanned downtime.

Mining contributes an estimated US$1.5 trillion to the global economy, per World Mining Data 2020.

As these operations move toward automation, private 5G networks may prove foundational, enabling safer, faster and greener production systems. NORCAT’s smart mine could become a template for the future, demonstrating how next-generation connectivity can bridge the gap between current operations and fully digitalized mining.

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

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