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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

This post appeared first on NBC NEWS

The Supreme Court cleared the way for the State Department to require people to state their biological sex on new or renewed passports, a victory for the Trump administration as it aims to tighten policies involving transgender people.

The high court found in a 6-3 order temporarily greenlighting the policy that a lower court in Massachusetts had erred in blocking it. 

‘Displaying passport holders’ sex at birth no more offends equal protection principles than displaying their country of birth—in both cases, the Government is merely attesting to a historical fact without subjecting anyone to differential treatment,’ the majority wrote in the unsigned order.

The three liberal justices dissented. Justice Ketanji Brown Jackson, a Biden appointee, blasted her Republican-appointed colleagues in a lengthy dissent for what she said had become a ‘routine’ of siding with the Trump administration on the emergency docket.

The majority ‘fails to spill any ink considering the plaintiffs, opting instead to intervene in the Government’s favor without equitable justification, and in a manner that permits harm to be inflicted on the most vulnerable party,’ Jackson wrote, adding that transgender people have been permitted to state their preferred gender on passports for more than three decades.

The class action lawsuit, brought by a dozen self-described transgender, nonbinary or intersex people on behalf of themselves and others in their situation, will continue to proceed through the lower courts.

The plaintiffs had argued in court papers that passports should ‘reflect the sex [people] live as and express, rather than the sex they were assigned at birth.’

Solicitor General John Sauer wrote on behalf of President Donald Trump that passports effectively communicate information to foreign governments and private citizens cannot force the president to communicate in a way that defies his foreign policy preferences and ‘scientific reality.’

The policy, which reversed the Biden administration’s allowance of an ‘X’ gender option on passports, was implemented as part of a string of executive orders Trump issued when he took office aimed at requiring transgender people to identify as their biological sex in certain situations, including in gender-exclusive sports and in the military.

Attorney General Pam Bondi celebrated that the high court had handed the Department of Justice roughly two-dozen wins this year on the emergency docket, sometimes referred to as a shadow or interim docket, where cases are fast-tracked so that the Supreme Court can potentially offer temporary resolutions until the merits of the cases are examined.

‘Today’s stay allows the government to require citizens to list their biological sex on their passport,’ Bondi said on social media. ‘In other words: there are two sexes, and our attorneys will continue fighting for that simple truth.’

This post appeared first on FOX NEWS

Any optimism either side of the aisle had that the government shutdown could end this week appeared to fade on Capitol Hill, as Senate Democrats appear ready to hold out longer for a deal on expiring Obamacare subsidies.

Senate Democrats left another long closed-door caucus lunch on Thursday, signaling a unified front as the shutdown entered its 37th day amid Republican demands to make a deal to reopen the government.

Senate Minority Leader Chuck Schumer, D-N.Y., and his caucus are still riding high after a successful Election Day Tuesday that saw Democratic candidates pummel their Republican opponents. While there are bipartisan talks among centrist Senate Democrats and Republicans on a way out, the majority of the caucus appeared ready to hold the line.

‘We had a very good, productive meeting,’ Schumer said as he exited the lunch.

Others espoused messages of unity among the ranks and bristled that they were holding out from reopening the government.

‘It’s not about holding out,’ Sen. Elizabeth Warren, D-Mass., said. ‘We fight for access to healthcare for millions of people across this country. Affordability is a giant issue for American families. They told us that at the polls on Tuesday, but they tell us that every day of their lives.’

Senate Majority Leader John Thune, R-S.D., plans to put the House-passed continuing resolution (CR) on the floor again Friday to test Democrats’ resolve. It’s expected they’ll block the bill once again.

Thune and Republicans have remained firm in their position that the Obamacare issue would be considered after the government reopens, and he has offered Senate Democrats a vote on the matter, which is also expected to fail.

But Senate Democrats demand that President Donald Trump get involved and negotiate a deal on the expiring subsidies. Democrats also brushed aside comments from House Speaker Mike Johnson, R-La., who earlier in the day said he would not promise a vote in the House on the expiring subsidies.

‘I can tell you that Mike Johnson is only going to do what one person tells him, and that one person is Donald Trump, who has declared himself basically the Speaker of the House,’ Sen. Jacky Rosen, D-Nev., said.

Still, Senate Republicans hope that Senate Democrats will accept the offer, along with the plan to pair the CR with a trio of spending bills to jump-start the government funding process.

‘I think the clear path forward here with regard to the [Obamacare] issue, open up the government, and we head down to the White House and sit down with the president and talk about it,’ Thune said. ‘But I just, right now there is hostage taking, as you all know. The consequences are getting more pronounced.’

There is also the question of whether the Senate stays in over the weekend ahead of a scheduled recess for Veterans Day next week.

Senate Democrats want to remain, but Republicans aren’t keen to stick around unless there are signs of real progress toward reopening the government.

‘I do expect to be here this weekend,’ Sen. Gary Peters, D-Mich., said.

This post appeared first on FOX NEWS

(TheNewswire)

Noble Mineral Exploration Inc.

TORONTO, November 6, 2025 TheNewswire – Noble Mineral Exploration Inc. (‘ Noble ‘ or the ‘ Company ‘) (TSXV: NOB,OTC:NLPXF) (OTCQB: NLPXF) is proposing to extend the term of a total of 7,933,3333 common share purchase warrants that were issued as part of two of the Company’s previously completed private placements.

A total of 3,125,000 of these warrants were issued on November 21, 2022 and December 1, 2022 and are exercisable at $0.11 per common share of Noble (the ‘ 2022 Warrants ‘). The 2022 Warrants are originally set to expire three years after their respective dates of issuance. The Company is proposing to extend those expiry dates to November 21, 2027 and December 1, 2027.

The remaining 4,808,333 warrants were issued on December 7, 2023, December 21, 2023, and December 22, 2023 and are exercisable at $0.125 per common share of Noble (the ‘ 2023 Warrants ‘, collectively with the 2022 Warrants, the ‘ Warrants ‘). The 2023 Warrants are originally set to expire two years after their respective dates of issuance. The Company is proposing to extend those expiry dates to December 7, 2027, December 21, 2027 and December 22, 2027, respectively.

The principal details of the Warrants in question are:

Private Placement Closing Date

Number of Noble Common Shares Issuable Upon Full Exercise

Date of Issuance

Exercise Price per Common Share

Original Expiry Date

Proposed Extended Expiry Date

2022 Private Placement

2,500,000

November 21, 2022

$0.11

November 21, 2025

November 21, 2027

2022 Private Placement

625,000

December 1, 2022

$0.11

December 1, 2025

December 1, 2027

Total

3,125,000

2023 Private Placement

750,000

December 7, 2023

$0.125

December 7, 2025

December 7, 2027

2023 Private Placement

2,325,000

December 21, 2023

$0.125

December 21, 2025

December 21, 2027

2023 Private Placement

1,733,333

December 22, 2023

$0.125

December 22, 2025

December 22, 2027

Total

4,808,333

All other terms of the Warrants will remain unchanged. The completion of the proposed extensions of the terms of the 2022 Warrants and 2023 Warrants is subject to acceptance by the TSX Venture Exchange.

About Noble Mineral Exploration Inc.

Noble Mineral Exploration Inc. is a Canadian-based junior exploration company, which has holdings of securities in Canada Nickel Company Inc., Homeland Nickel Inc., East Timmins Nickel Inc. (20%), and its interest in the Holdsworth gold exploration property in the area of Wawa, Ontario.

Noble holds mineral and/or exploration rights in ~70,000ha in Northern Ontario and ~14,000ha elsewhere in Quebec upon which it plans to generate option/joint venture exploration programs.

Noble holds mineral rights and/or exploration rights in ~18,000 hectares in the Timmins-Cochrane areas of Northern Ontario known as Project 81, ~2,215 hectares in Thomas Twp/Timmins, as well as an additional 20% interest in ~38,700 hectares in the Timmins area. Project 81 hosts diversified drill-ready gold, nickel-cobalt and base metal exploration targets at various stages of exploration. Noble also holds ~4,600 hectares in the Nagagami Carbonatite Complex and~3,200 hectares in its Boulder Project, both near Hearst, Ontario.  In addition, it holds the following projects in Quebec:  ~3,700 hectares in its Buckingham Graphite Property, ~10,152 hectares in its Havre St Pierre Nickel, Copper, PGM property, ~1,573 hectares in its Cere-Villebon Nickel, Copper, PGM property, a ~569 hectare Uranium/Rare Earth property that it refers to as the Chateau property, a ~461 hectare Uranium/Molybdenum property that it refers to as the Taser North property, and ~ 4,465 hectares in the Mehmet rare earth property in Northern Quebec.

Noble’s common shares trade on the TSX Venture Exchange under the symbol ‘NOB.’

More detailed information on Noble is available on the website at www.noblemineralexploration.com .

Cautionary Note and Statement Concerning Forward Looking Statements

This press release contains certain information that may constitute ‘forward-looking information’ under applicable Canadian securities legislation.  Forward-looking information is necessarily based upon several assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information.  Factors that could affect the outcome include, among  others:  future prices and the supply of metals, the future demand for metals, the results of drilling, inability to raise  the money necessary to incur the expenditures required to retain and advance the property, environmental liabilities  (known  and  unknown), general business, economic, competitive, political and social uncertainties, results of  exploration programs, risks of the mining industry, delays in obtaining governmental approvals, failure to obtain  regulatory or shareholder approvals.  There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information.  Accordingly, readers should not place undue reliance on forward-looking information.  All forward-looking information contained in this press release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof.  Noble disclaims any intention or obligation to update or revise any forward-looking information, whether because of new information. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.   No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

Contacts:

H. Vance White, President

Phone:        416-214-2250

Fax:        416-367-1954

Email: info@noblemineralexploration.com

Investor Relations

Email: ir@noblemineralexploration.com

Copyright (c) 2025 TheNewswire – All rights reserved.

News Provided by TheNewsWire via QuoteMedia

This post appeared first on investingnews.com

Rick Rule, proprietor at Rule Investment Media, recently sold 25 percent of his junior gold stocks, redeploying the funds into physical gold, as well as Franco-Nevada (TSX:FNV,NYSE:FNV), Wheaton Precious Metals (TSX:WPM,NYSE:WPM) and Agnico Eagle Mines (TSX:AEM,NYSE:AEM).

In addition to those large gold companies, he also bought oil stocks.

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

This post appeared first on investingnews.com

Adrian Day, president of Adrian Day Asset Management, shares his thoughts on gold’s price pullback, saying he currently sees no evidence of a top.

‘It’s perfectly normal in middle of a bull market to have a significant correction. This really isn’t even a correction yet, let’s not forget that. This is just a pullback,’ he said.

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

This post appeared first on investingnews.com

Top Democrats emerged from a classified Capitol Hill briefing Wednesday expressing confidence in the intelligence behind recent U.S. strikes on suspected narco-trafficking vessels near Venezuela. But they also faulted the Biden administration for what they called a failure to confront Nicolás Maduro after Venezuela’s disputed 2024 election.

The Office of Legal Counsel presented lawmakers with its written justification for a series of missile strikes in the Caribbean and eastern Pacific that U.S. officials say have killed 63 suspected traffickers. Lawmakers from both parties said the briefing reassured them the targets were legitimate, even as some voiced unease about the broader strategy.

‘The final comment I’ll make is just that nothing in the legal opinion even mentions Venezuela,’ said Sen. Mark Warner, D-Va., the top Democrat on the Senate Select Committee on Intelligence.

‘I think they do have visibility into drug trafficking,’ Warner added, saying he trusted U.S. intelligence assessments but would prefer traffickers be ‘interdicted and taken to court rather than blown up.’

Secretary of State Marco Rubio, War Secretary Pete Hegseth and senior Pentagon lawyers led the closed-door briefing for congressional leaders and the chairs and ranking members of the Intelligence, Armed Services and Foreign Affairs committees.

Lawmakers have complained for days about being left in the dark as the Pentagon launched multiple maritime strikes without first consulting Congress. Officials declined to discuss the intended scope or duration of the campaign and provided few details about who was killed or what evidence tied the targets to narcotics trafficking.

‘Lots of mistakes could get made,’ said Rep. Jim Himes, D-Conn., the top Democrat on the House Permanent Select Committee on Intelligence. ‘But, again, they are applying the eyes and ears of our intelligence community to these boats. I don’t worry too much that there will be a strike on a fishing boat or a pleasure boat, but that’s always possible.’

Himes said the administration described ‘the process by which these boats are selected’ but did not share photographs or the identities of those killed.

House Speaker Mike Johnson also backed the intelligence underpinning the operation.

‘We have exquisite intelligence about these strikes on these vessels,’ Johnson said. ‘We know the contents of the boats. We know the personnel almost to a person.’

Officials told lawmakers there were no plans to expand the maritime campaign to land operations or to target Maduro directly.

‘There are no apparent plans to expand this beyond what they say they are doing,’ Himes said.

Reports that the administration was considering potential strikes on Mexico did not appear to come up in the briefing, which lawmakers said focused almost exclusively on cocaine — some of which is trafficked through Venezuela — rather than fentanyl, Mexico’s top export.

‘It’s as described — to stop the flow of drugs, and, to be clear, to stop the flow of cocaine,’ said Himes.

Still, several Democrats said the Biden administration missed a critical moment last year to rally Latin American allies after Venezuela’s contested election, when independent monitors and several Western governments recognized opposition candidate Edmundo González as the rightful winner.

‘I frankly think the Biden administration didn’t go far enough after the Venezuelan people voted overwhelmingly to get rid of Maduro,’ Warner said. ‘We missed a huge opportunity when Venezuelans — in numbers probably in the mid-sixties percent — came out against Maduro, even under threat of violence. The fact that we didn’t rally the region at that point was, in retrospect, a huge mistake.’

After the July 2024 vote, the Biden administration imposed sanctions on high-level Maduro officials but stopped short of reimposing broad restrictions on Venezuela’s oil sector, a move officials said could have driven up global fuel prices and worsened migration pressures.

By contrast, the Trump administration has taken a harder line. It reimposed sweeping sanctions on Maduro during Trump’s first term and has since increased pressure on the South American strongman in his second. The Justice Department has offered a $50 million bounty for information leading to Maduro’s arrest, and officials have not ruled out whether the current strikes could be intended to pressure him to step aside.

Asked in a CBS interview over the weekend whether Maduro’s days were numbered, Trump said, ‘I would say yeah. I think so.’

Pressed on whether the U.S. would go to war with Venezuela, he added, ‘I doubt it. I don’t think so.’

This post appeared first on FOX NEWS

Kazakhstan is expected to join the Abraham Accords, officials confirmed to Fox News on Thursday.

The Abraham Accords, first signed in 2020, currently include three countries that have formalized normalization agreements with Israel: the United Arab Emirates, Bahrain and Morocco.

Sudan signed a U.S.-brokered Abraham Accords declaration in January 2021 but efforts to formalize diplomatic relations with Israel have since been derailed by internal political unrest.

U.S. Special Envoy to the Middle East Steve Witkoff told Fox News chief political anchor Bret Baier that he would return to Washington, D.C., on Thursday night to announce the addition of another country to the accords. Witkoff shared the update during his remarks at the America Business Forum in Miami.

‘This is going to show that the Abraham Accords is a club that many countries want to be a member of and it will be a step for turning the page on the war in Gaza and moving forward towards more peace and cooperation in the region,’ a U.S. official told Axios.

The outlet also reported that Kazakhstan’s President Kassym-Jomart Tokayev is expected to make the announcement during a meeting with President Donald Trump.

Trump had recently signaled that more nations may soon be joining the Abraham Accords, with Syria and Saudi Arabia at the forefront of efforts to expand the historic Israel-Arab normalization pact.

Syria’s interim President Ahmed al-Sharaa is expected to meet with Trump at the White House next week, followed by Saudi Arabia’s Crown Prince Mohammed bin-Salman on Nov. 18.

This post appeared first on FOX NEWS

Justice Department officials in Miami and Washington, D.C., are actively preparing to issue several grand jury subpoenas relating to an investigation into former CIA Director John Brennan, Fox News has learned.

U.S. Attorney for the Southern District of Florida Jason Reding Quiñones is supervising the probe, Fox News is told.

Fox News reached out to the Justice Department, but sources there declined to comment. 

Fox News first reported that Brennan and former FBI Director James Comey were under investigation as of early July 2025. Thursday’s development intensifies that investigation. Comey is fighting his case in court with a trial set for January.

Brennan has not been indicted, and it’s unclear if a grand jury would indict him, but evidence will be presented in South Florida. 

Last month, House Judiciary Committee Chairman Jim Jordan, R-Ohio, referred Brennan to the DOJ, saying that the former CIA chief ‘willfully and intentionally’ made false statements to Congress. 

Jordan accused Brennan of lying in his 2023 Judiciary Committee testimony by denying that the CIA used the Steele dossier in prepping the 2017 Intelligence Community Assessment (ICA) on Russian election interference, and falsely claiming the CIA opposed including the dossier.

The Steele dossier was a series of reports detailing President Donald Trump’s alleged ties to Russia. It was compiled and delivered to the FBI in 2016 by former British intelligence agent Christopher Steele.

This is a developing story. Please check back for updates.

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