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Fetterman slams Democrats’ ‘Jim Crow 2.0’ voter ID rhetoric as party unity fractures

Politics 3 Mins Read

Sen. John Fetterman, D-Pa., is continuing his streak of breaking with his party — this time on voter ID legislation gaining momentum in the Senate.

Senate Minority Leader Chuck Schumer, D-N.Y., and Senate Democrats have near-unanimously rejected the Safeguarding American Voter Eligibility (SAVE) Act, election integrity legislation that made its way through the House earlier this week.

Schumer has dubbed the legislation ‘Jim Crow 2.0,’ arguing it would suppress voters rather than encourage more secure elections.

But Fetterman, who has repeatedly rejected his party’s messaging and positions, pushed back on Schumer’s framing of the bill.

‘I would never refer to the SAVE Act as like Jim Crow 2.0 or some kind of mass conspiracy,’ Fetterman told Fox News’ Kayleigh McEnany on ‘Saturday in America.’

‘But that’s part of the debate that we were having here in the Senate right now,’ he continued. ‘And I don’t call people names or imply that it’s something gross about the terrible history of Jim Crow.’

The bill would require voters to present photo identification before casting ballots, require proof of citizenship in person when registering to vote and mandate states remove non-citizens from voter rolls.

Momentum is building among Republicans. Sen. Susan Collins, R-Maine, became the 50th member of the conference to back the legislation. But Senate Democrats have all but guaranteed its demise in the upper chamber, via the filibuster.

Fetterman would not say whether he supports the bill outright. However, he noted that ‘84% of Americans have no problem with presenting IDs to vote.’

‘So it’s not like a radical idea,’ Fetterman said. ‘It’s not something — and there already are many states that show basic IDs. So that’s where we are in the Senate.’

Even if Fetterman were to support the bill on the floor, it is unlikely to pass without more significant procedural changes.

There are currently not enough votes to overcome the Senate’s 60-vote filibuster threshold.

Fetterman is also not keen on eliminating the filibuster — a position shared by most Senate Republicans.

He noted that Senate Democrats once favored scrapping the filibuster but now want to preserve it while in the minority in a Republican-controlled government.

‘I campaigned on it, too,’ Fetterman said. ‘I mean we were very wrong about that to nuke the filibuster. And we should really humble ourselves and remind people that we wanted to eliminate it — and now we love it.’

This post appeared first on FOX NEWS

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Editor's pick

Justice Department’s antitrust chief says she’s leaving, effective immediately

Editor's pick 2 Mins Read

The head of the Justice Department’s antitrust unit said Thursday she is leaving the role, effective immediately, at a critical moment for corporate mergers in America.

Gail Slater, the assistant attorney general in charge of the Antitrust Division, wrote on X: ‘It is with great sadness and abiding hope that I leave my role as AAG for Antitrust today.’

Slater continued, ‘It was indeed the honor of a lifetime to serve in this role. Huge thanks to all who supported me this past year, most especially the men and women of’ the Department.

The White House referred questions to the Justice Department.

Attorney General Pam Bondi said in a statement, “On behalf of the Department of Justice, we thank Gail Slater for her service to the Antitrust Division which works to protect consumers, promote affordability, and expand economic opportunity.”

Slater is leaving just as media giants Netflix and Paramount Skydance battle for control of Warner Bros. Discovery.

President Donald Trump had said he was going to get involved in reviewing whichever Warner Bros. deal proceeds, an uncommon occurrence in antitrust matters.

But in an interview with NBC News, Trump slightly changed his tune. ‘I’ve been called by both sides, it’s the two sides, but I’ve decided I shouldn’t be involved,’ he said.

‘The Justice Department will handle it.’

Trump has met with executives from both of Warner Bros.’ bidders.

The Justice Department will also head to court in weeks in a bid to challenge concert venue manager Live Nation’s ownership of Ticketmaster.

Shares of Live Nation jumped as much as 5.8% after Slater announced her departure. By 1 p.m. ET, the rally had abated to around 2.5%.

When the Senate confirmed Slater, 78 senators from both sides of the aisle voted in her favor. Only 19 opposed her confirmation.

This week, her deputy in the Antitrust Division also departed.

Mark Hamer, deputy assistant attorney general for the Antitrust Division, wrote on LinkedIn, ‘Decided the time is right for me to return to private practice.’ He praised Slater as a ‘leader of exceptional wisdom, strength and integrity.’

This post appeared first on NBC NEWS

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Politics

AG Pam Bondi announces ‘all’ Epstein files have been released, listing over 300 high-profile names

Politics 3 Mins Read

Attorney General Pam Bondi announced in a letter on Saturday that ‘all’ Epstein files have been released consistent with Section 3 of the Epstein Files Transparency Act.

The letter addressed to Senate Judiciary Committee Chairman Chuck Grassley, Ranking Member Dick Durbin, House Judiciary Committee Chairman Jim Jordan, and Ranking Member Jamie Raskin was obtained by Fox News Digital.

‘In accordance with the requirements of the Act, and as described in various Department submissions to the courts of the Southern District of New York assigned to the Epstein and Maxwell prosecutions and related orders, the Department released all ‘records, documents, communications and investigative materials in the possession of the Department’ that ‘relate to’ any of nine different categories,’ the letter read.

The letter includes a list of more than 300 high-profile names, including President Donald Trump, Barack and Michelle Obama, Prince Harry, Bill Gates, Woody Allen, Kim Kardashian, Kurt Cobain, Mark Zuckerberg and Bruce Springsteen.

The letter adds, ‘No records were withheld or redacted ‘on the basis of embarrassment, reputational harm, or political sensitivity, including to any government official, public figure, or foreign dignitary.”

The document outlines the broad range of Epstein-related materials the Justice Department says are encompassed, including records concerning Jeffrey Epstein and Ghislaine Maxwell; references to individuals—up to and including government officials—connected to Epstein’s activities; and documents tied to civil settlements and legal resolutions such as immunity deals, plea agreements, non-prosecution agreements, and sealed arrangements. 

It also includes information on organizations and networks allegedly linked to Epstein’s trafficking and financial operations across corporate, nonprofit, academic, and governmental spheres, as well as internal DOJ emails, memos, and meeting notes reflecting decisions about whether to charge, decline, or pursue investigations.

The documents also cover records addressing potential destruction or concealment of relevant material and documentation surrounding Epstein’s detention and death, including incident reports, witness interviews, and medical examiner/autopsy-related records.

The letter adds, ‘No records were withheld or redacted ‘on the basis of embarrassment, reputational harm, or political sensitivity, including to any government official, public figure, or foreign dignitary.”

‘Any omissions from the list are unintentional and, as explained in the previous letters to Congress, a result of the volume and speed with which the Department complied with the Act,’ the letter states. ‘Individuals whose names were redacted for law-enforcement sensitive purposes are not included.’

The letter says the redaction process was ‘extensive’ including consultation with victims and victim counsel, to redact ‘segregable portions’ that contain information identifiable to victims, such as medical files that could jeopardize an active federal investigation or ongoing prosecution, or depict/contain images of death, physical abuse, or injury. 

‘Any omissions from the list are unintentional and, as explained in the previous letters to Congress, a result of the volume and speed with which the Department complied with the Act,’ the letter states. ‘Individuals whose names were redacted for law-enforcement sensitive purposes are not included.’ 

This post appeared first on FOX NEWS

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When Diamonds Are Not Forever: NWT’s Diamond Industry Begins to Crack Under Pressure

Investing 6 Mins Read

More than three decades after diamonds transformed Canada’s Northwest Territories (NWT) into a global mining powerhouse, the industry that once defined the region’s modern economy is facing a painful reckoning.

While governments and investors have spent the past several years focused on critical minerals and battery metals, the NWT’s diamond mines are grappling with falling prices, lab-grown competition, tariff disruptions and mounting financial strain.

With one major mine set to close within weeks and others under pressure, leaders across the North are asking a seemingly once unthinkable question: what comes after diamonds?

From staking rush to global player

The modern diamond era in the NWT began in November 1991, when geologists Chuck Fipke and Stewart Blusson discovered 81 small diamonds at Lac de Gras. The find triggered the largest diamond staking rush in North American history and led to the development of the EKATI Diamond Mine, Canada’s first.

By 2004, more than 28 million hectares across the NWT and Nunavut had been staked. Canada rose to become the world’s third-largest diamond producer by value, behind Botswana and Russia, largely on the strength of the NWT’s output.

For decades, the sector generated thousands of high-paying jobs and helped build Indigenous-owned businesses across the territory. At its peak, more than 3,000 Indigenous workers were employed at the region’s three diamond mines.

Today, that foundation is starting to show cracks.

All pressure, no diamonds

Rio Tinto’s (ASX:RIO,NYSE:RIO,LSE:RIO) Diavik mine, one of the pillars of the industry, is scheduled to close next month.

Although the company recently unveiled a rare 158.2-carat yellow diamond from the site last year, described by COO Matt Breen as a “miracle of nature,” the symbolic discovery cannot reverse the mine’s finite life.

In addition, De Beers ( a subsidiary of Anglo American (LSE:AAL,OTCQX:NGLOY)) and Mountain Province Diamonds’ (TSX: MPVD,OTC:MPVD) Gahcho Kué mine has paused a project that would have extended operations from 2027 to 2030, raising concerns about its longevity.

Meanwhile, EKATI, owned by Australia’s Burgundy Diamond Mines (ASX:BDM), is battling financial distress after diamond prices fell at least 20 percent following its acquisition of the asset.

In the legislature this week, Monfwi MLA Jane Weyallon Armstrong warned of the consequences.

“The closure of Diavik and Gahcho Kué will have a significant impact on Tłı̨chǫ communities and today, the GNWT has no meaningful alternative,” she said.

Premier R.J. Simpson acknowledged the challenge. “We’re at a point now where we know the diamond mines are winding down, and the question has been: ‘OK, well, what’s next?’” he said in a recent interview.

Market headwinds multiply

The industry’s struggles are not simply a matter of geology. Natural diamond prices have been under sustained pressure, battered by several macroeconomic forces converging at once.

For instance, lab-grown diamonds—chemically identical to natural stones and available at a fraction of the price—have rapidly gained acceptance among consumers. What was once a niche product is now mainstream, particularly among younger buyers drawn to lower costs.

Canadian diamonds long marketed themselves as ethical alternatives to so-called “blood diamonds.” But synthetic stones can make similar claims, weakening one of the natural industry’s key selling points.

Luxury spending has also softened, and new trade barriers have added further strain. A 50 percent US tariff on Indian imports has disrupted the global polishing pipeline, since most rough diamonds are cut and finished in India before being sold into the US market.

The owner of EKATI has linked its financial difficulties in part to those tariffs, as well as to the broader collapse in natural diamond prices. The company recently received a C$115 million federal loan under a facility designed to assist businesses affected by US trade disruptions.

Even so, EKATI suspended parts of its operations last year and has faced criticism from workers over layoffs and severance payments. Burgundy has publicly acknowledged serious financial problems and indicated it may need additional funding if prices fail to recover.

At Gahcho Kué, Mountain Province Diamonds is navigating its own funding challenges. Acting president and CEO Jonathan Comerford said the company’s difficulties reflect “the prolonged weakness in the diamond sector.”

“In this environment, our focus remains on carefully managing costs, protecting liquidity, and making measured decisions to support the long-term sustainability of our operations,” Comerford said.

The company has received in-kind funding notices from joint-venture partner De Beers totalling approximately C$49.2 million related to unpaid cash calls.

Political pressure builds

Territorial leaders are also under growing pressure to respond.

Minister of Industry Caitlin Cleveland described the Gahcho Kué announcement as “serious news for the Northwest Territories.”

“Prices are weak, costs are high, and companies are having to make difficult calls,” Cleveland said in a recent statement. She emphasized that while the GNWT cannot control global markets, it will work to ensure worker supports are accessible and employers meet labour standards if job impacts occur.

But some structural issues are harder to address. Yellowknife North MLA Shauna Morgan questioned how the government can enforce socio-economic commitments made by mining companies when they established operations.

Simpson conceded that those agreements lack enforcement clauses such as fines.

“This is about building relationships and ensuring that we’re staying on top of this,” he said.

Meanwhile, calls for diversification are growing louder. “This announcement also reinforces a broader reality for our territory: our economic base remains too dependent on a single commodity,” Cleveland said.

Searching for the next chapter

There are hopes that critical minerals could help fill the gap. Exploration for rare earths and other strategic metals is increasing, reflecting global demand tied to electrification and defense technologies.

Weyallon Armstrong has argued that infrastructure, including expanded road connections from the Tłı̨chǫ region, could unlock new development corridors.

“We may not have a Ring of Fire, but we could have a frosty circle,” she said, referencing Ontario’s mineral-rich region.

Yet even optimistic observers acknowledge that no single project is likely to replicate the scale and stability diamonds once provided. For community leaders, the uncertainty is deeply personal.

“It’s kind of a scary situation,” Chief Fred Sangris of the Yellowknife Ndilo community of the Dene First Nation told the New York Times last year. “Where do we go from here? What’s the next project?”

Diamonds have long symbolized permanence. In the Northwest Territories, especially this Valentine’s season where icons of everlasting love dominate the market, that symbolism now feels more strained than ever.

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

This post appeared first on investingnews.com

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Top 5 Canadian Mining Stocks This Week: Trinity One Surges 105 Percent

Investing 10 Mins Read

Rio Tinto (ASX:RIO,NYSE:RIO,LSE:RIO) and Glencore (LSE:GLEN,OTCPL:GLCNF) said they will no longer be pursuing a merger, with Rio Tinto noting that the combination of the businesses would not deliver value to its shareholders.

Glencore responded to Rio Tinto by saying that under the terms of the proposal, the Rio Tinto executive group would retain both the chair and CEO roles, which would undervalue Glencore’s contribution to the combined company.

The deal would have created the world’s largest mining company with a combined market cap of US$260 billion. While the collapse of the proposed merger is drawing headlines, it comes at an accelerated pace for mergers and acquisitions in the industry, as majors seek to replenish their project pipelines and mid-cap producers look to grow their businesses.

Among other notable mergers still on the books is Anglo American’s (LSE:AAL,OTCQX:NGLOY) merger with Canada-based Teck Resources (TSX:TECK.A,TECK.B,NYSE:TECK). That deal is currently working its way through regulatory approvals, with the most recent update that it is heading toward antitrust clearance in Europe.

On Wednesday (February 11), Indonesia’s resources ministry ordered Eramet (EPA:ERA,OTCPL:ERMAF) and its joint venture partners, Tsingshan Holding Group, to slash production at the world’s largest nickel mine.

Under the new work and budget plan, PT Weda Bay Nickel has been granted an initial quota of 12 million metric tons, down from the 42 million metric tons it was allowed in 2025.

Nickel has been elevated this year, trading as high as US$18,725 on February 2. Although prices have fallen since that high, the announcement gave nickel some momentum, pushing prices to US$17,720 per metric ton on the London Metal Exchange on Wednesday. Prices eased again on Thursday (February 12), but remain well above 2025 averages.

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 mixed this week.

The S&P/TSX Composite Index (INDEXTSI:OSPTX) gained 2.88 percent over the week to close Friday (February 13) at 33,073.71, while the S&P/TSX Venture Composite Index (INDEXTSI:JX) shed 0.48 percent to 991.99.

The CSE Composite Index (CSE:CSECOMP) dropped 2.7 percent to 163.24

The gold price was largely flat, losing just 0.07 percent to close at US$5,032.68 per ounce on Friday at 4:00 p.m. EST. The silver price fared worse, closing the week down 8.43 percent at US$76.92 on Friday.

In base metals, the Comex copper price recorded a 2.35 percent decrease this week to US$5.83.

The S&P Goldman Sachs Commodities Index (INDEXSP:SPGSCI) was down 0.13 percent to end Friday at 583.86.

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. Trinity One Metals (TSXV:TOM)

Weekly gain: 104.55 percent
Market cap: C$12.83 million
Share price: C$0.45

Trinity One Metals is a silver exploration and development company with a portfolio of mineral projects, including the recently acquired Silver 1 project in Ecuador.

The property consists of the Silver-1 mine concession, which covers an area of 3,108 hectares and lies within the same mineral belt as Lundin Gold’s (TSX:LUG,OTCQX:LUGDF) Fruta Del Norte mine. Past mining at the site occurred between 1989 and 1994 and included 3,600 meters of underground development, along with a historic resource of 200,000 to 700,000 metric tons of ore averaging 400 to 800 grams per metric ton (g/t) silver and 3 g/t gold.

The company announced the closing of the property acquisition on February 4 for a total consideration of US$540,000. In the release, the company said it will work swiftly to confirm the historic resource to modern standards.

The news was followed on Tuesday (February 10), when the company announced a C$3.3 million non-brokered private placement, which was upsized to C$5.3 million on Thursday. The company said it will use proceeds from the placement to advance exploration projects across its portfolio.

2. Cordoba Minerals (TSXV:CDB)

Weekly gain: 74.68 percent
Market cap: C$123.82 million
Share price: C$1.38

Cordoba Minerals is an explorer whose flagship project is Alacran in Colombia. The asset is a 50/50 joint venture with JCHX Mining Management (SHA:603979). The 20,000 hectare property hosts copper, gold and silver mineralization across five deposits: Alacran, Alacran North, Montiel East, Montiel West and Costa Azul.

A feasibility study for the project released in February 2024 demonstrates an after-tax net present value of US$360 million with an internal rate of return of 23.8 percent and a payback period of three years.

The resource estimate for the Alacran deposit and historical tailings shows an indicated resource of 99.46 million metric tons of ore with an average grade of 0.41 percent copper, 0.24 g/t gold and 2.65 g/t silver. Contained metal totals 904.53 million pounds of copper, 765,400 ounces of gold and 8.47 million ounces of silver.

Following the completion of JCHX’s earn in for 50 percent of the project in July 2025, Cordoba said it had entered into a definitive agreement to sell its remaining 50 percent interest in Alacran.

However, on January 2, the company reported that not all conditions for the sale had been met, and on Tuesday, announced that it had entered into an amended agreement.

Under the new terms, the closing payment was increased to US$128 million from US$88 million, payable in a lump sum at closing. The release states that the bulk of the cash payment will be distributed to shareholders after settling liabilities and obligations, with the company retaining US$10 million for corporate purposes.

3. Rio Silver (TSXV:RYO)

Weekly gain: 52.38 percent
Market cap: C$23.74 million
Share price: C$0.64

Rio Silver is an exploration company advancing its Maria Norte project in Peru.

The property has changed hands several times in the 18 years prior to Rio’s acquisition in March 2025, but has seen little exploration during that time. However, in a February 5 release, the company notes that historic mining occurred at the site due to the presence of a reclaimed waste dump. The property covers the western portion of the Tangana West vein system, and although it has not yet completed an economic assessment for the property. In the announcement, the company said it plans to advance surface mapping and sampling in the third quarter of 2026.

Throughout January, the company made several announcements regarding its exploration and development timeline. On January 6, the company reported results from technical work at the site, confirming the presence of silver mineralization with grades up to 991 g/t in a 0.7-meter channel sample.

The company also announced on January 29 that it was launching a metallurgical program at the site, which it said will assist the company in determining the project’s potential value.

4. Barksdale Resources (TSXV:BRO)

Weekly gain: 48.15 percent
Market cap: C$28.04 million
Share price: C$0.2

Barksdale Resources is a copper explorer focused on advancing its Sunnyside asset in Arizona, US. The property covers approximately 21 square kilometers, south of Tucson, Arizona. It hosts an intrusive complex that the firm believes to be an extension of the copper-zinc-lead-silver system found at South32’s (ASX:S32,OTCPL:SOUHY) Taylor deposit.

In 2025, the company achieved several milestones under its earn-in agreement and completed the initial 51 percent in September following a C$1 million cash payment. Prior to the payment in June, Barksdale said it would work toward increasing its interest in the property to 67.5 percent.

On January 21, the company announced plans to raise C$5 million to fund a Phase 2 drill plan required to increase its ownership stake in the Sunnyside project.

On Wednesday, Barksdale announced the opening of an additional private placement to raise C$930,000. Funds raised from this round will also be used to fund exploration activities at Sunnyside.

5. Pirate Gold (TSXV:YARR)

Weekly gain: 48 percent
Market cap: C$129.48 million
Share price: C$0.37

Formerly Sokoman Minerals, Pirate Gold is a discovery-oriented company with a portfolio of gold projects and one of the largest land positions in Newfoundland and Labrador, Canada.

It also owns a 40 percent stake in the Killick lithium project, a 40/40/20 joint venture with Benton Resources (TSXV:BEX,OTCPL:BNTRF) and Piedmont Lithium.

In October, the company combined its Moosehead and Crippleback claims to form the Treasure Island project, which hosts the largest mineral license and longest strike length along the Valentine Lake fault.

Along with new claims, Pirate Gold’s land holdings in the area cover approximately 58,775 hectares and host multiple untested anomalies identified through historic data and exploration efforts by Pirate Gold.

On Friday, Pirate Gold announced the initiation of project-scale surveys at Treasure Island, as well as the advancement of a 50,000 meter drill program, with two rigs mobilized to the site.

Additionally, the company also said it had received drill permits to operate at the Crippleback Lake and Stony Lake areas, which would allow it to extend its exploration beyond the current footprint at Moosehead and test other high-priority targets along the fault zone.

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

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Crypto Market Update: Coinbase Posts US$667 Million Q4 Loss

Investing 5 Mins Read

Here’s a quick recap of the crypto landscape for Friday (February 13) as of 9:00 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$68,987.01, up 5.2 percent over the last 24 hours.

Bitcoin price performance, February 13, 2026.

Chart via TradingView.

A constructive scenario over the next three to six months depends on gradual improvement in global liquidity, moderation in yields and steady exchange-traded fund (ETF) inflows.

According to Tran, if financial conditions tighten or additional liquidity stress occurs, the market may need another washout to rebalance leverage. Ultimately, the return of confidence, reflected through durable and sustainable capital inflows, is what matters most for the transitional phase.

Ether (ETH) was priced at US$2,054.76, up by 7 percent over the last 24 hours.

Altcoin price update

  • XRP (XRP) was priced at US$1.41, up by 4.7 percent over 24 hours.
  • Solana (SOL) was trading at US$85.01, up by 10.2 percent over 24 hours.

Today’s crypto news to know

Coinbase posts US$667 million Q4 loss

Coinbase Global (NASDAQ:COIN) reported a fourth quarter net loss of US$667 million as falling crypto prices weighed on its revenue and the value of its investment portfolio. The company’s revenue came in at US$1.78 billion, below analysts’ expectations, making a 22 percent decline from a year earlier.

The firm attributed much of the loss to a US$718 million drop in portfolio value, largely unrealized, alongside weaker transaction activity. Shares slid ahead of the release and have fallen more than 55 percent over the past six months as cryptocurrencies retreated. Despite the surprise slide, CEO Brian Armstrong sought to reassure investors, saying the firm remains “deliberately well capitalized” with US$11.3 billion in cash and equivalents.

He added that retail customers are largely holding rather than selling, even as volatility persists.

Bitcoin ETFs lose US$410 million

Spot Bitcoin ETFs saw US$410 million in outflows on Thursday (February 12), extending a rocky stretch that has drained nearly US$1.5 billion over two weeks.

The iShares Bitcoin Trust ETF (NASDAQ:IBIT) led the pullback, followed by Fidelity and Grayscale products, as institutional investors recalibrated positions amid macro uncertainty.

Treasury chief pushes CLARITY Act as crypto selloff deepens

US Secretary of the Treasury Scott Bessent urged Congress to pass the Digital Asset Market CLARITY Act this spring, arguing that it will provide stability to markets rattled by volatility.

Speaking on CNBC and later before the Senate Banking Committee, Bessent said the bill will give “great comfort to the market,” and warned that parts of the crypto industry are resisting what he called “very good regulation.”

“There seems to be a nihilist group in the industry who prefers no regulation over this very good regulation,” he told lawmakers, drawing support from Senator Mark Warner.

The legislation has stalled amid disputes over stablecoin yield, DeFi oversight and token classifications, with critics — including Coinbase CEO Brian Armstrong — raising objections. Bessent cautioned that a bipartisan coalition backing the bill could fracture if Democrats retake the House in November. Warner, meanwhile, stressed unresolved concerns around illicit finance and national security risks tied to DeFi.

HIVE’s BUZZ HPC platform secures US$30 million in AI cloud contracts

BUZZ High Performance Computing (HPC), a Hive Digital Technologies (TSXV:HIVE,NASDAQ:HIVE) platform, announced that it has signed customer agreements valued at approximately US$30 million over two year fixed terms for artificial intelligence (AI) cloud contracts. The new contracts will support the initial phase of BUZZ’s AI-optimized GPU deployment at its Canada West location in Manitoba, with compute capacity expected to be online during the quarter ending on March 31, 2026. This phase consists of 504 liquid-cooled Dell Technologies (NYSE:DELL) server-based GPUs.

This initial phase is expected to generate about US$15 million in annual recurring revenue (ARR) to BUZZ’s cloud business once fully operational, increasing HIVE’s total annualized HPC segment revenue to roughly US$35 million.

HIVE said it aims to scale its HPC GPU AI cloud business toward approximately US$140 million in ARR over the next year. The company is using vendor financing and strategic partnerships to scale efficiently and pursue a “dual-engine strategy” of hashrate services and GPU-accelerated AI computing across its facilities in Canada, Sweden and Paraguay.

Taurus and Blockdaemon partner to expand institutional staking

Taurus, a Swiss fintech firm that provides digital asset infrastructure for banks and financial institutions, announced an agreement with blockchain infrastructure company Blockdaemon that will allow banks to offer staking yields to their clients without having to move those assets out of tightly controlled, regulated custody.

Taurus will integrate Blockdaemon’s staking infrastructure into its custody product, Taurus‑PROTECT, which is designed to keep digital assets safe inside banks’ own systems under financial regulator rules.

Taurus also has an agreement to provide digital asset custody, tokenization and node management technology that State Street uses to power its full‑service digital asset platform for institutional investors. Additionally, BNY Mellon (NYSE:BK) is broadening its digita asset platforms by partnering with infrastructure providers, including Blockdaemon.

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

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Keith Weiner: Silver Being Remonetized “With a Vengeance” as Gold Rises

Investing 1 Min Read

Keith Weiner, founder and CEO of Monetary Metals, shares his outlook for gold and silver in 2026, saying that while he expects higher prices there will be volatility.

He also outlines his thoughts on the role of precious metals in the monetary system.

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

This post appeared first on investingnews.com

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Tech Weekly: AI “Scare Trade” Spills into New Sectors

Investing 4 Mins Read

We also break down next week’s catalysts to watch to help you prepare for the week ahead.

In this article:

    This week’s tech sector performance

    The Nasdaq Composite (INDEXNASDAQ:.IXIC) ended in the green on Monday (February 9) despite a weaker open.

    A rally in tech companies drove US stocks higher ahead of an economic data release, while Asian indexes also rose, led upward by Japan’s tech‑heavy Nikkei 225 (INDEXNIKKEI:NI225).

    It hit new record highs after Prime Minister Sanae Takaichi’s Liberal Democratic Party secured a landslide victory in the Lower House, clearing the path for tax cuts and higher defense spending.

    Tax planning and wealth management stocks fell on Tuesday (February 10) after financial software provider Altruist unveiled an artificial intelligence (AI) tool for creating tax strategies, echoing last week’s selloff in legal software stocks following the debut of a lawyer-focused AI platform.

    Broader tech‑driven weakness and softer‑than‑expected retail‑sales data dragged the Nasdaq down in Tuesday’s session. The index rose again on Wednesday (February 11) after January data showed labor market stability, potentially allowing the US Federal Reserve to keep interest rates steady as it monitors inflation.

    Software stocks resumed their slide, with Alphabet (NASDAQ:GOOGL) at one point down more than 2 percent, Microsoft (NASDAQ:MSFT) falling over 2.5 percent and Amazon (NASDAQ:AMZN) slipping about 1 percent.

    Personal computer makers also fell after Lenovo Group (HKEX:0992,OTCPL:LNVGF) warned of shipment pressure from a memory chip shortage. HP (NYSE:HPQ) and Dell Technologies (NYSE:DELL) each lost about 4.5 percent.

    After a muted close, investors turned their AI disruption fears to yet another corner of the market on Thursday (February 12). This time, it was logistics and trucking stocks, which plummeted after AI logistics firm Algorhythm Holdings (NASDAQ:RIME) said it has scaled freight volumes by 300 to 400 percent without increasing headcount.

    This event showed traders that AI is now affecting sectors previously thought to be resistant to automation and AI‑driven efficiency gains, leading to selloffs that also spilled into real estate and drug distribution.

    All three major indexes closed lower, with the Nasdaq hit hardest.

    A softer-than-expected US consumer price index report released on Friday (February 13) morning reinforced beliefs that the Fed is likely to cut interest rates this year, while global concerns about potential AI-driven disruptions kept investors cautious. European and Asian indexes lost ground, tracking Wall Street’s losses.

    While the S&P 500 (INDEXSP:.INX) closed slightly ahead on the day, mega-cap tech stocks dragged on the Nasdaq, which closed the week 1.77 percent below Monday’s open.

    3 tech stocks moving markets this week

    1.Cloudflare (NYSE:NET)

    Cybersecurity firm Cloudflare saw its share price surge after its sales guidance for the current quarter exceeded expectations. Shares closed 13.07 percent higher for the week.

    2. Applied Materials (NASDAQ:AMAT)

    Applied Materials, a provider of materials engineering solutions for the semiconductor sector, saw its share price rise sharply after reporting better-than-forecast quarterly financial results. Shares advanced 10.05 percent.

    3. Taiwan Semiconductor Manufacturing Company (NYSE:TSM)

    Taiwan Semiconductor Manufacturing Company rose after D.A. Davidson analyst Gil Luria gave it a ‘buy’ rating with a US$450 price target and called it a top AI foundry name. Shares advanced 5.02 percent.

    Cloudflare, TSMC and Applied Materials performance, February 9 to 13, 2026.

    Chart via Google Finance.

    Top tech news of the week

        • Alphabet completed two bond sales this week, raising a combined total of nearly US$52 billion. On Monday, the company sold US$20 billion in US dollars, followed by a nearly US$32 billion multi‑currency bond sale in British pounds and Swiss francs completed within 24 hours on Tuesday.

                                    Tech ETF performance

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

                                    This week, the iShares Semiconductor ETF (NASDAQ:SOXX) advanced by 2.56 percent, while the Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) advanced by 1.89 percent.

                                    The VanEck Semiconductor ETF (NASDAQ:SMH) also increased by 2.19 percent.

                                    Tech news to watch next week

                                    Tech stocks face a quieter earnings backdrop next week, with no mega‑cap AI giants reporting; instead, the sector will be trading on macro cues and any guidance hints from mid‑tier semis and software names.

                                    Key US data includes jobs‑related releases and consumer confidence surveys.

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

                                    This post appeared first on investingnews.com

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                                    Politics

                                    Texas Dem Senate primary fractures over race rhetoric as ‘mediocre’ jab, ‘oppressor’ remarks ignite backlash

                                    Politics 5 Mins Read

                                    Heated racial rhetoric in Texas is flaring this primary season, as Democratic contenders lean into identity-focused messaging that Republicans say is divisive and a clinic in ‘wokeness at its worst.’

                                    Texas Democrats are heading into primary season with an intraparty fight that is increasingly spilling into race and identity. Rep. Jasmine Crockett, who is running for the Senate, has suggested racism would be to blame if she loses, while former Rep. Colin Allred accused Crockett rival and Austin state Rep. James Talarico of calling him ‘a mediocre Black man’ in a political spat affecting races in the Senate and House.

                                    ‘These disgusting comments are wokeness at its worst and the silence is deafening from Democrats,’ RNC spokesman Zach Kraft said of the recent rhetoric out of Texas in recent months.

                                    Crockett, who is running for the Senate to replace Republican Sen. John Cornyn, offered a fiery response.

                                    ‘You think I didn’t know I was a black woman when I woke up and decided that I was going to run for the U.S. Senate? You think I didn’t factor in and make sure we had enough room to account for that?’

                                    Racially focused flare-ups have broken out in recent weeks as Democrats eye high-profile races and try to energize blue voters in the red state.

                                    ‘Look no further than the Senate primary to see how the woke mind virus has spread like wildfire among the ranks of Texas Democrats. James Talarico spent last week apologizing for his ‘white privilege,’ and Jasmine Crockett is taking a page out of Kamala Harris’ playbook by preemptively blaming racism and sexism for why she will lose,’ Kraft told Fox News Digital.

                                    Just this month, Texas Democratic state Rep. Gene Wu, the minority leader of the Texas House, drew backlash over a resurfaced clip from a 2024 interview in which he described white Americans as ‘oppressors’ of ‘non-whites.’

                                    ‘That there is a sense of, ‘America really just belongs to White people,’ that this was that a lot of people believe that God gave America to White people to rule, and that any time that immigrants, minorities make progress in this country, that that is seen as a slight against them,’ Wu, of Houston, said in 2024 on ‘Define American’ podcast with Antonio Vargas.

                                    Wu, who was born in Guangzhou, China, added that Latinos, Asians and Black Americans — ‘everybody’ — are kept divided because powerful forces have spent time and money ensuring they do not unite. Instead, he argued, those groups are pushed to see each other as rivals even though they share the same oppressor, and he claimed the oppression ‘comes from one place.’

                                    ‘I always tell people the day the Latino, African-American, Asian and other communities realize that they are — that they share the same oppressor is the day we start winning, because we are the majority in this country now,’ he continued. ‘We have the ability to take over this country and to do what is needed for everyone and to make things fair.’

                                    The clip set off swift condemnation from Texans as it circulated online, including Republican Sen. Ted Cruz saying, ‘The Democrat party is built on bigotry.’

                                    Allred recently told former DNC chairman Jaime Harrison of South Carolina on his podcast that Talarico made another disparaging comment about him in private while the former Tennessee Titans linebacker was still a candidate in the Senate race.

                                    Allred has since dropped out and is seeking a newly drawn 33rd Congressional District near Dallas. The current 33rd District in the Metroplex is represented by Democratic Rep. Marc Veasey.

                                    ‘He’s said some things to me that I don’t like. He said to me before he got into the race that he thought that he would be a better candidate because he doesn’t have a family, and that… he could spend more time campaigning,’ Allred said.

                                    ‘As you know, Jaime, like I didn’t know my dad, so I’m like all about being a father to my two boys, right? I was like, no, no, no, I run because of my family.’

                                    A TikTok influencer named Morgan Thompson originally claimed Allred made the ‘mediocre Black man’ comments, recounting the conversation from a Talarico rally in Plano.

                                    ‘James Talarico told me that he signed up to run against a mediocre Black man, not a formidable and intelligent Black woman,’ Thompson said, adding she now supports Crockett.

                                    Talarico released a statement soon after calling the situation a ‘mischaracterization of a private conversation’ and said he was talking about Allred’s ‘method of campaigning,’ not his life.

                                    ‘I would never attack him on the basis of race,’ Talarico said. ‘As a Black man in America, Congressman Allred has had to work twice as hard to get where he is. I understand how my critique of the Congressman’s campaign could be interpreted given this country’s painful legacy of racism, and I care deeply about the impact my words have on others,’ Talarico said, according to the Texas Tribune.

                                    Talarico recently announced that he raised $7.4 million in the first six weeks of the quarter in his contest against Crockett.

                                    He did not respond to a request for comment. Crockett’s campaign also did not respond to an inquiry left in its campaign inbox, which is separate from her official congressional office due to the Hatch Act.

                                    Fox News Digital’s Marc Tamasco contributed to this report.  

                                    This post appeared first on FOX NEWS

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                                    Politics

                                    Here’s how the DHS shutdown could impact the lives of everyday Americans

                                    Politics 4 Mins Read

                                    The federal government has entered its third partial shutdown of the last half-year after Congress failed to reach an agreement on all 12 of its annual spending bills.

                                    Unlike past shutdowns, however, this one just affects the Department of Homeland Security (DHS). It comes after Democrats walked away from a bipartisan deal to fund the department amid uproar over President Donald Trump’s immigration crackdown in Minneapolis.

                                    And while some 97% of the federal government has been funded at this point, a DHS shutdown will still have effects on everyday Americans — effects that will become more apparent the longer the standoff continues.

                                    Air travel delays

                                    Disruptions to the TSA, whose agents are responsible for security checks at nearly 440 airports across the country, could perhaps be the most impactful part of the partial shutdown to Americans’ everyday lives.

                                    Acting Administrator Ha Nguyen McNeill told lawmakers at a hearing on Wednesday that around 95% of TSA employees — roughly 61,000 people — are deemed essential and will be forced to work without pay in the event of a shutdown.

                                    ‘We heard reports of officers sleeping in their cars at airports to save money on gas, selling their blood and plasma, and taking on second jobs to make ends meet,’ she said of the last shutdown.

                                    But it would take some time before TSA funding could translate to delays. TSA agents, like other essential federal workers, received back pay once the shutdown was over. Those who did not miss shifts also got a $10,000 bonus for added relief.

                                    TSA paychecks due to be issued on March 3 could see agents getting reduced pay depending on the length of the shutdown. Agents would not be at risk of missing a full paycheck until March 17.

                                    If that happens, however, Americans could see delays or even cancellations at the country’s busiest airports as TSA agents are forced to call out of work and get second jobs to make ends meet.

                                    Natural disaster reimbursement

                                    The Federal Emergency Management Agency (FEMA) is one of the largest and most critical recipients of federal funding under DHS.

                                    Associate Administrator of the Office of Response and Recovery Gregg Phillips told lawmakers on Wednesday that FEMA has enough funds to continue disaster response through a shutdown in the immediate future, but that its budget would be strained in the event of an unforeseen ‘catastrophic disaster.’

                                    That means Americans hit by an unexpected natural disaster during the shutdown could see delayed federal reimbursement for their homes and small businesses.

                                    Others who have already lived through a natural disaster in the last year but still have not received their checks — FEMA is currently working through a backlog worth billions of dollars — could see that relief delayed even further during the shutdown.

                                    ‘In the 45 days I’ve been here … we have spent $3 billion in 45 days on 5,000 projects,’ Phillips said. ‘We’re going as fast as we can. We’re committed to reducing the backlog. I can’t go any faster than we actually are. And if this lapses, that’s going to stop.’

                                    Worker visa processing

                                    American business owners who rely on certain types of worker visas could see processing times extended during a DHS shutdown.

                                    That’s because United States Citizenship and Immigration Services (USCIS) programs are run under DHS and are responsible for processing most immigration applications as well as temporary visas.

                                    The majority of those programs are funded by fees and are largely untouched. However, areas like e-Verify, the EB-5 Immigrant Investor Regional Center Program, Conrad 30 J-1 doctors, and non-minister religious workers all rely on funding appropriated by Congress, according to the American Immigration Lawyers Association.

                                    USCIS could allow employers to use alternate processes if e-Verify is disrupted during a shutdown, but it’s not clear how much time it would add to business owners’ day-to-day responsibilities to learn a new route for that paperwork.

                                    This post appeared first on FOX NEWS

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