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November 8, 2025

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Plus, we break down next week’s market catalysts to watch to help you prepare for the week ahead.

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    This week’s tech market round-up

    The tech space was marked by heightened volatility this week, with sharp swings driven by concerns over inflated artificial intelligence (AI) valuations and mixed economic data.

    Global markets gained early in the week, driven by optimism over a US-China trade truce, along with a US$38 billion AI cloud deal between OpenAI and Amazon (NASDAQ:AMZN).

    However, gains were tempered following comments from the Global Financial Leaders’ Investment Summit in Hong Kong, where Goldman Sachs (NYSE:GS) CEO David Solomon warned of a likely 10 to 20 percent pullback in equities within the next 12 to 24 months. Other panelists at the event offered similar projections.

    Futures tracking the S&P/TSX Composite Index (INDEXTSI:OSPTX) weakened ahead of the release of Canada’s federal budget, which promises C$925.6 million for sovereign compute capacity, quantum tech funding and support for open banking and stablecoins. The government aims to attract C$500 billion in private sector investment over five years.

    US tech stocks sold off again on Wednesday (November 5) amid uncertainty over the Supreme Court’s tariff ruling and short positions by Michael Burry on NVIDIA (NASDAQ:NVDA) and Palantir Technologies (NASDAQ:PLTR).

    A stronger-than-expected ADP report helped stabilize the tech sector midday, but October jobs data weighed on markets again Thursday (November 6), cooling risk appetite, especially for AI momentum stocks.

    Wall Street’s main indexes extended losses to a second session on Friday (November 7) and posted weekly declines as the Volatility Index (INDEXCBOE:VIX) hit its highest level in a fortnight, just one week after the S&P 500 (INDEXSP:.INX) and Nasdaq Composite (INDEXNASDAQ:.IXIC) notched their longest winning streak in four and seven years, respectively.

    Traders were pricing in a 70.2 percent chance of a 25 basis point interest rate cut from the US Federal Reserve in December at the time of this writing, down from 90 percent last week.

    3 tech stocks moving markets this week

    1. Palantir Technologies (NASDAQ:PLTR)

    Palantir reported a strong Q3 earnings beat with a year-on-year revenue increase of 63 percent to US$1.18 billion, exceeding analyst expectations of US$1.09 billion.

    Earnings per share were also above forecasts, coming in at US$0.21 compared to expectations of US$0.17.

    The company’s total contract value rose to US$2.76 billion, a record high, driven by a 121 percent rise in US commercial revenue and a 52 percent increase in US government revenue.

    The company also raised its full-year 2025 revenue guidance to around US$4.4 billion, driven by continued strong AI demand and government contracts. On the earnings call, management expressed confidence in continued growth fueled by AI, emphasizing strategic partnerships with companies like NVIDIA, while acknowledging challenges in the European market and operational scaling.

    However, Palantir’s share price dropped about 3 percent in after-hours trading. Analysts attributed the market reaction to concerns over the prolonged US government shutdown potentially impacting contracts, alongside a large bearish bet revealed by Michael Burry’s fund.

    The company’s stock is down 14 percent for the week.

    2. Amazon (NASDAQ:AMZN)

    Shares of Amazon rallied on Monday morning after announcing a US$38 billion multi-year partnership with OpenAI to run its advanced AI workloads on Amazon Web Services (AWS) infrastructure, providing access to hundreds of thousands of NVIDIA GPUs and specialized AWS chips.

    The deal significantly strengthens AWS’s position in the AI cloud market. Investors had a marked reaction to the news, driving Amazon’s shares price to a record high of US$US$254.

    However, gains were partially erased during the broader tech sector pullback. Its stock ultimately closed the week down 4.28 percent.

    3. NVIDIA (NASDAQ:NVDA)

    Shares of NVIDIA have been dragged down this week due to valuation concerns and fears related to US export restrictions on advanced AI chips to China.

    During a 60 Minutes interview with Norah O’Donnell on Sunday (November 2) evening that covered a range of topics, President Trump stated NVIDIA’s most advanced AI chips would be reserved exclusively for US companies. The market reacted by sending shares of NVIDIA (up or down?) on Monday morning.

    Also on Monday, Microsoft provided an update on its US$15.2 billion planned investment in the UAE, which will include increasing its AI computing power in the UAE by four times to reach the equivalent of 60,400 NVIDIA A100 GPUs in compute power in the country.

    NVIDIA shares, also boosted by Loop Capital raising its price target by US$100, rose by over four percent from Friday’s closing price in early trading.

    However, a large bearish position against NVIDIA was disclosed from Burry’s fund on Wednesday, adding to downward pressure already on its shares amidst a tech stock sell-off.

    During a Thursday press conference, White House Press Secretary Karoline Leavitt told reporters that Trump “was not interested in selling (the Blackwell chip) to China at this time”.

    Meanwhile, during the Financial Times’ Future of AI Summit, NVIDIA CEO Jensen Huang said the West is being held back by “cynicism” and reportedly told the outlet, “China is going to win the AI race.”

    Huang has previously warned that US restrictions could backfire by accelerating China’s domestic chip development, arguing the US should stay engaged with Chinese developers to maintain leadership. The company’s shares are down 9.53 percent for the week.

    NVIDIA, Palantir and Amazon performance, November 3 to 7, 2025.

    Chart via Google Finance.

    Top tech news of the week

          Tech ETF performance

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

          This week, the iShares Semiconductor ETF (NASDAQ:SOXX) declined by 4.81 percent, while the Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) saw a weekly loss of 5.2 percent.

          The VanEck Semiconductor ETF (NASDAQ:SMH) decreased by 5.41 percent.

          Tech news to watch next week

          Next week, investors will hear earnings results from Cisco Systems (NASDAQ:CSCO), due to report its Q1FY26 earnings on November 12. The company is expected to deliver a year-on-year increase in earnings on higher revenues. Semiconductor equipment supplier, Applied Materials, is also set to report its Q4 earnings on November 13.

          AMD will have its Financial Analyst Day on Tuesday (November 11), providing further strategic updates and outlook.

          Analysts and investors will also be watching for any sign of an end to the 38-day government shutdown after Senate Minority Leader Chuck Schumer (D-NY) unveiled a plan to attach a one year extension to the expiring Obamacare subsidies and to create a bipartisan committee that could negotiate further on how to deal with the subsidies after the government reopened. Majority leader John Thune reportedly told CBS News that the Democratic proposal is a ‘nonstarter’.

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

          This post appeared first on investingnews.com

          Lobo Tiggre, CEO of IndependentSpeculator.com, shares why copper is his highest-confidence trade for 2026, as well as when he will consider buying.

          ‘I now have probably more cash to put into play than I’ve ever had sitting on the sidelines waiting for this copper buying opportunity,’ 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

          Statistics Canada released October’s job numbers on Friday (November 7). The data showed a surprise expansion of the Canadian labor market with the addition of 67,000 new jobs during the month, as well as a 0.2 percent drop in the unemployment rate to 6.9 percent.

          This marks the second consecutive monthly increase, following 60,000 new workers entering the market in September. The gains over the two-month period also offset the cumulative 106,000 losses that were recorded in July and August.

          The biggest gains came in the wholesale and retail trade sector, which added 40,700 new jobs; followed by transportation and warehousing, which added 29,500; and information, culture and recreation, which added 25,200.

          The report comes just days after the federal Liberal Party tabled its first budget since winning the election in April. The budget estimates an initial deficit of C$78 billion in 2025-26, which would slowly decline to C$57 billion in 2030.

          The budget places greater focus on nation-building, strengthening climate competitiveness, streamlining government activities and reducing annual operational costs by C$13 billion by 2029, while maintaining critical social supports.

          Highlighting the budget is a promise for a C$51 billion investment over 10 years for local infrastructure projects and a C$81.8 billion over five years for defence spending C$72 billion of which will be new money.

          On the mining side of the equation, the Mining Association of Canada said on Tuesday (November 4) that it applauds the budget for several measures aimed at the Canadian mining sector.

          Among them, C$2 billion over five years will be directed to Natural Resources Canada to create the Critical Minerals Sovereign fund, which will be used to invest in critical mineral projects and companies.

          The budget will also move the existing Critical Minerals Infrastructure Fund into the new First and Last Mile Fund, which will focus investment into near-term projects to get them to production sooner, and provide tax measures so companies can write off capital investments more quickly.

          The Mining Association also highlighted the proposed expansion of the Critical Mineral Exploration Tax Credit to include an additional 12 minerals, including bismuth, cesium, manganese, tin and tungsten.

          Additionally, the budget indicated that its focus on investing in clean technologies and carbon capture to reduce emissions would eventually render oil and gas emission caps unnecessary.

          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 down this week.

          The S&P/TSX Composite Index (INDEXTSI:OSPTX) lost just 0.15 percent over the week to close Friday at 29,912.19.

          Meanwhile, the S&P/TSX Venture Composite Index (INDEXTSI:JX) had a much more challenging week, falliing 7.63 percent to 885.31. The CSE Composite Index (CSE:CSECOMP) also had a bad week, plunging 7.35 percent to close out the week at 163.51.

          The gold price ended the week flat, closing at US$4,000.20 per ounce by 4:00 p.m. EST Friday. The silver price fell slightly, dropping 0.66 percent to US$48.35.

          Meanwhile, in base metals, the copper price shed 2.72 percent to US$5.01 per pound.

          The S&P Goldman Sachs Commodities Index (INDEXSP:SPGSCI) fell 0.2 percent to end Friday at 553.62.

          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. Quarterback Resources (CSE:QB)

          Weekly gain: 160 percent
          Market cap: C$11.36 million
          Share price: C$1.3

          Quarterback Resources is an exploration company focused on exploring the Twin gold property in Northwest British Columbia, Canada.

          The project is located in the Omineca Mining District near Fort St. James, and consists of 16 mineral claims covering 11,110 hectares. The site has a history of mineral exploration dating back to the 1970s, including 109 drill holes.

          Quarterback holds an option to acquire a 100 percent stake in the property through an earn-in agreement in exchange for C$800,000 in cash payments and C$4.74 million in exploration expenditures over a six-year period.

          According to a technical report released in November 2024, the company relogged three of the historic holes from the Takla-Rainbow zone, with one hole returning a grade of 2.26 parts per million (ppm) gold, 2.15 ppm silver and 0.19 percent copper over 22.52 meters.

          Shares in Quarterback were up significantly this week. Its most recent news came on Wednesday (November 5) when it filed its monthly progress report on the Canadian Securities Exchange website. The company noted that it was proceeding with a Phase 1 exploration program, which is planned to include LIDAR and induced polarization surveys.

          2. Mont Royal Resources (TSXV:MRZL)

          Weekly gain: 62.5 percent
          Market cap: C$47.55 million
          Share price: C$0.26

          Mont Royal Resources is an Australia-based exploration company focused on a trio of projects in Québec, Canada. The company began trading on the TSXV on November 5 following a merger with Canada-based Commerce Resources.

          The merger combined Commerce’s Ashram rare earth and flourspar project and Eldor niobium projects, with Mont Royal’s existing Northern Lights gold-copper-lithium project, all of which are located in Quebec.

          In the October 22 news release announcing the completion of the merger, it stated its core focus would be on the Ashram rare earth and flourspar project and that the deal provided a compelling opportunity to establish a new source of rare earths in North America.

          Ashram, located near Nunavik, Quebec, has received more than AU$50 million in investment for exploration activities, development studies and resource definition.

          According to the project page, a mineral resource estimate from April 2024 produced an indicated resource grading 1.89 percent total rare earth oxides (TREO) and 6.6 percent fluorspar from 73.2 million metric tons of ore.

          Although the company did not release project news this week, two of its projects contain minerals that were added to the CMETC as part of the fall budget.

          3. Royalties Inc. (CSE:RI)

          Weekly gain: 38.46 percent
          Market cap: C$11.36 million
          Share price: C$0.09

          Royalties is focused on building cash flow through the acquisition of mineral and music royalty assets.

          The company has a 100 percent interest in the Bilbao silver property in Zacatecas, Mexico, which hosts silver, zinc and lead deposits. As silver prices improve, the company is seeking to monetize the property.

          In June, the company reported that its subsidiary, Minera Portree, won its lawsuit against Capstone Copper (TSX:CS,OTC Pink:CSCCF), asserting its ownership of a 2 percent net smelter return royalty on five mineral concessions at the Cozamin copper-silver mine in Zacatecas.

          The protracted legal dispute began after Capstone re-assigned the royalty to itself through a 2019 contract without informing or paying Minera Portree.

          Under the terms of the judgment, the 2 percent NSR will revert back to Minera Portree along with royalties for the exploitation of concessions between 2002 and 2019. The amounts for those royalties will be set at the execution phase. Capstone Gold is also ordered to pay royalties from the Portree 1 concession from August 2019 to present.

          While Capstone appealed the decision, Royalties announced on Thursday (November 6) that an appellate court had upheld the original June decision, deeming the appellant’s arguments inoperative and inadmissible.

          4. Africa Energy (TSXV:AFE)

          Weekly gain: 31.82 percent
          Market cap: C$64.69 million
          Share price: C$0.145

          Africa Energy is a South Africa-focused oil and gas exploration and development company.

          Its flagship asset is Block 11B/12B located approximately 175 kilometers off the south coast of South Africa. The block covers an area of 18,734 square kilometers and depths between 200 meters and 1,800 meters.

          It holds a 4.9 percent interest in the asset through its investment in Main Street 1549, a 49/51 joint venture with Arostyle Investments. The three other partners in the asset announced plans to withdraw from the Block 11B/12B joint venture in July 2024, and announced a definitive agreement for the new ownership structure of the Block 11B/12B asset in May of this year.

          The restructuring would result in Africa Energy holding a 75 percent stake in the block, with Arostyle Investments holding the remaining 25 percent. This is contingent on the asset being granted the production rights, which requires approval of its environmental and social impact assessment.

          Shares in Africa Energy were up this week. Its most recent news came on October 9, when it provided an operational update from Block 11B/12B. The company announced that it had been granted an extension to submit its environmental and social impact assessment until May 4, 2026.

          5. Highland Critical Minerals (CSE:HLND)

          Weekly gain: 26.87 percent
          Market cap: C$79.73 million
          Share price: C$4.25

          Highland Critical Minerals is an exploration company focused on advancing its flagship Church lithium property in Ontario, Canada.

          The project, located near Thunder Bay, Ontario, is situated within the Quetico region. A preliminary exploration program at the property conducted in August 2023 discovered five pegmatites hosting quartz, feldspar and muscovite and returned high lithium grades up to 3 percent lithium dioxide.

          In addition to Church, Highland has been working to acquire other critical mineral properties, with the most recent announced on Friday. In the news release, the company said it had entered into a binding letter of intent to acquire mining claims covering 3,138.874 hectares in the Yathkyed Lake Greenstone Belt in Nunavut, Canada, expanding Highland’s critical mineral portfolio.

          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 May 2025, there were 1,565 companies listed on the TSXV, 910 of which were mining companies. Comparatively, the TSX was home to 1,899 companies, with 181 of those being mining companies.

          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

          Rich Checkan, president and COO of Asset Strategies International, shares his thoughts on the recent pullback in gold and silver prices, emphasizing that both still have room to run.

          In his view, silver is set to outpace gold in 2026.

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

          This post appeared first on investingnews.com

          Surface Metals Inc. (CSE: SUR,OTC:SURMF) (OTCQB: SURMF) (the ‘Company’, or ‘Surface Metals’) has granted 250,000 options priced at $0.255 to a consultant, and directors and officers have voluntarily surrendered 499,999 options issued on April 14, 2022 at $3.84 (post consolidation).

          As per the press release announced on October 29th, 2025, IDR Marketing Inc. ‘IDR’, has been retained for a six month period commencing October 29th to provide public relations strategies, brand awareness, financial and digital marketing services to the Company. IDR is a California Corporation with its registered office located at 100 Oceangate, 12th Floor, Long Beach, CA, USA, 90802. Its principal and president is Linda Josey, an arm’s-length party. Contact details: linda@idrmarketing.com (562) 343-7483.

          IDR Marketing Inc. is an independent ad agency providing full-scale integrated marketing and advertising services. Clients trust IDR for brand strategy and awareness, digital marketing, social media and advertising, newswire distribution, article marketing,

          About Surface Metals Inc.

          Surface Metals Inc. (CSE: SUR,OTC:SURMF) (OTCQB: SURMF) is a North American mineral exploration company focused on advancing a diversified portfolio of gold and lithium projects in Nevada, USA, and Manitoba, Canada. The Company’s Cimarron Gold Project is located in Nye County, Nevada, in a historically productive gold district. Surface’s Clayton Valley Lithium Brine Project hosts an inferred resource of approximately 302,900 tonnes LCE adjacent to Albemarle’s Silver Peak Mine. Surface Metals is also advancing lithium projects in Fish Lake Valley, Nevada, and through a joint venture with Snow Lake Energy in southeastern Manitoba.

          On behalf of the Board of Directors

          Steve Hanson
          Chief Executive Officer, President, and Director
          Telephone: (604) 564-9045
          info@surfacemetals.com

          Neither the CSE nor its regulations service providers accept responsibility for the adequacy or accuracy of this news release. This news release contains certain statements which may constitute forward-looking information within the meaning of applicable securities laws (‘forward-looking statements’). Any forward-looking statement speaks only as of the date it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.

          To view the source version of this press release, please visit https://www.newsfilecorp.com/release/273738

          News Provided by Newsfile via QuoteMedia

          This post appeared first on investingnews.com

          Senate Democrats again blocked a plan by Republicans to ensure that federal workers and the military would receive a paycheck as the shutdown back and forth revs into high gear.

          Sen. Ron Johnson, R-Wis., again tried to advance a modified version of his ‘Shutdown Fairness Act’ bill that would see federal workers and the military paid now and during subsequent government shutdowns. However, the bill failed 53-43 with 3 Democrats defecting to support the bill. Georgia Sens. Raphael Warnock and Jon Ossoff, and Ben Ray Luján of New Mexico voted for the bill.

          Last month, it was blocked over concerns from Senate Democrats that it did not include furloughed workers.

          Johnson noted on the Senate floor that after discussions with Senate Democrats he changed the bill to include furloughed workers, and that his legislation had the backing of several federal employee unions.

          ‘They are sick and tired, being used as pawns in this political dysfunction here. They’re tired of it,’ Johnson said.

          Still, after fireworks on the Senate floor where Senate Majority Leader John Thune, R-S.D., and Sen. Gary Peters, D-Mich., who initially blocked the bill over concerns that it allowed President Donald Trump to pick and choose who got paid, the bill was blocked largely along party lines.

          ‘It’s about leverage, isn’t it? Isn’t that what y’all have been saying? It’s about leverage,’ Thune said. ‘This isn’t leverage. This is the lives of the American people.’

          Johnson’s bill appearing on the floor wasn’t the initial plan Senate Republicans had going into Friday. Thune wanted to put the House-passed continuing resolution (CR) up for a vote again, but newfound Democratic unity after a sweeping victory on Election Night earlier this week had derailed bipartisan attempts to build an off-ramp.

          The GOP’s attempt to pay federal workers amid the ongoing, 38-day shutdown came as Senate Minority Leader Chuck Schumer, D-N.Y., and his caucus announced their counter-offer to Senate Republicans’ plan to reopen the government.

          Schumer’s offer included attaching a one-year extension onto expiring Obamacare subsidies — the main sticking point of the shutdown — in exchange for the Democratic votes to reopen the government.

          But the offer, which a source told Fox News Digital had been made in private to Senate Republicans last week and was summarily rejected, was again not going over well with Republicans.

          The Senate is expected to return on Saturday to vote on the House-passed plan for a 15th time. Whether Schumer and his caucus block it once more remains to be seen.

          This post appeared first on FOX NEWS

          : A federal grand jury has subpoenaed former CIA Director John Brennan, former FBI officials Peter Strzok and Lisa Page, among others as part of the Justice Department’s investigation into the origins of the Trump-Russia probe, Fox News Digital has learned.

          Sources told Fox News Digital Brennan; Strzok, the FBI’s former deputy assistant director of counterintelligence; and Page, a former FBI lawyer, were served with federal subpoenas on Friday.

          Law enforcement sources told Fox News Digital that up to 30 subpoenas will be issued in the coming days relating to the investigation.

          The grand jury is out of the Southern District of Florida. U.S. attorney for the Southern District of Florida Jason Reding Quiñones is supervising the probe.

          Fox News Digital first reported this summer that Brennan was under criminal investigation. 

          Strzok and Page first came under scrutiny in 2018 when Justice Department Inspector General Michael Horowitz uncovered a series of anti-Trump text messages between them. Both were assigned to work on Special Counsel Robert Mueller’s team in 2017.

          Page served on Mueller’s team on a short detail, returning to the FBI’s Office of General Counsel in July 2017. Strzok, though, was removed from the team and was reassigned to the FBI’s Human Resources Division. Prior to serving in the special counsel’s office, Strzok was a top agent in the bureau’s counterintelligence division.

          Strzok is the FBI agent who, in July 2016, opened the FBI’s initial Russia investigation, which was nicknamed ‘Crossfire Hurricane’ inside the bureau.

          Page resigned from the bureau in May 2018, and Strzok eventually was fired in August 2018.

          Strzok was fired from the bureau in August 2018 after months of scrutiny regarding the anti-Trump text messages exchanged between himself and Page.

          During congressional testimony in 2018, Strzok confirmed that he and Page were involved in an extramarital affair.

          As for the criminal investigation into Brennan, CIA Director John Ratcliffe referred evidence of wrongdoing by Brennan to FBI Director Kash Patel for potential prosecution, DOJ sources told Fox News Digital.

          Sources, at the time, said that the referral was received and told Fox News Digital that a criminal investigation into Brennan was opened and is underway. DOJ sources declined to provide further details. It is unclear, at this point, if the investigation spans beyond his alleged false statements to Congress.

          The Brennan investigation came after Ratcliffe, this summer, declassified a ‘lessons learned’ review of the creation of the 2017 Intelligence Community Assessment (ICA). The 2017 ICA alleged Russia sought to influence the 2016 presidential election to help then-candidate Donald Trump. But the review found that the process of the ICA’s creation was rushed with ‘procedural anomalies,’ and that officials diverted from intelligence standards. 

          It also determined that the ‘decision by agency heads to include the Steele Dossier in the ICA ran counter to fundamental tradecraft principles and ultimately undermined the credibility of a key judgment.’ 

          The dossier — an anti-Trump document filled with unverified and wholly inaccurate claims that was commissioned by Fusion GPS and paid for by Democrat presidential candidate Hillary Clinton’s campaign and the DNC — has been widely discredited. Last week’s review marks the first time career CIA officials have acknowledged politicization of the process by which the ICA was written, particularly by Obama-era political appointees. 

          Records declassified as part of that review further revealed that Brennan did, in fact, push for the dossier to be included in the 2017 ICA.

          Brennan testified to the House Judiciary Committee in May 2023, however, that he did not believe the dossier should be included in that intelligence product.

          Ratcliffe was not surprised by the review’s findings, a source familiar told Fox News Digital, given the director’s long history of criticizing Brennan’s politicization of intelligence. But Ratcliffe was compelled to refer aspects of Brennan’s involvement to the FBI for review of possible criminality, the source said.

          The source was unable to share the sensitive details of Ratcliffe’s criminal referral to the FBI with Fox News Digital, but said that Brennan ‘violated the public’s trust and should be held accountable for it.’

          The false statements portion of the probe stems from a newly declassified email sent to Brennan by the former deputy CIA director in December 2016. That message said that including the dossier in the ICA in any capacity jeopardized ‘the credibility of the entire paper.’

          ‘Despite these objections, Brennan showed a preference for narrative consistency over analytical soundness,’ the new CIA review states. ‘When confronted with specific flaws in the Dossier by the two mission center leaders – one with extensive operational experience and the other with a strong analytic background – he appeared more swayed by the Dossier’s general conformity with existing theories than by legitimate tradecraft concerns.’

          The review added: ‘Brennan ultimately formalized his position in writing, stating that ‘my bottomline is that I believe that the information warrants inclusion in the report.’’

          But Brennan testified the opposite in front of Congress in May 2023.

          ‘The CIA was very much opposed to having any reference or inclusion of the Steele dossier in the Intelligence Community Assessment,’ Brennan testified before the House committee, according to the transcript of his deposition reviewed by Fox News Digital. ‘And so they sent over a copy of the dossier to say that this was going to be separate from the rest of that assessment.’

          CIA officials at the time of its creation pushed back against the FBI, which sought to include the dossier, arguing that the dossier should not be included in the assessment, and casting it as simply ‘internet rumor.’ 

          Ultimately, Steele’s reporting was not included in the body of the final ICA prepared for then-President Barack Obama, but instead detailed in this footnote, ‘largely at the insistence of FBI’s senior leadership,’ according to a review by the Justice Department inspector general, and later, the Senate Intelligence Committee.

          But back in June 2020, Ratcliffe, while serving as director of national intelligence, declassified a footnote of the 2017 ICA, which revealed that the reporting of Trump dossier author Christopher Steele had only ‘limited corroboration’ regarding whether then-President-elect Trump ‘knowingly worked with Russian officials to bolster his chances of beating’ Hillary Clinton and other claims.

          The footnote, also known as ‘Annex A’ of the 2017 ICA, exclusively obtained by Fox News Digital in June 2020, spanned less than two pages and detailed reporting by Steele, the former British spy who authored the unverified anti-Trump dossier — a document that helped serve as the basis for controversial Foreign Intelligence Surveillance Act (FISA) warrants obtained against former Trump campaign aide Carter Page.

          Steele’s reporting, at the time, was commissioned by opposition research firm Fusion GPS and funded by the Clinton campaign and the Democratic National Committee (DNC) through law firm Perkins Coie.

          The footnote made clear the internal concerns officials had over that document.

          ‘An FBI source (Steele) using both identified and unidentified subsources, volunteered highly politically sensitive information from the summer to the fall of 2016 on Russian influence efforts aimed at the US presidential election,’ the annex read. ‘We have only limited corroboration of the source’s reporting in this case and did not use it to reach the analytic conclusions of the CIA/FBI/NSA assessment.’

          ‘The source collected this information on behalf of private clients and was not compensated for it by the FBI,’ it continued.

          But the annex notes that Steele’s reporting was ‘not developed by the layered subsource network.’

          ‘The FBI source caveated that, although similar to previously provided reporting in terms of content, the source was unable to vouch for the additional information’s sourcing and accuracy,’ the annex states. ‘Hence this information is not included in this product.’

          Justice Department Inspector General Michael Horowitz also reviewed the inclusion of Steele’s reporting in the ICA during his review of alleged misconduct related to the Foreign Intelligence Surveillance Act, or FISA.

          His report, released in late 2019, found that there were ‘significant inaccuracies and omissions’ in FISA warrants for former Trump campaign aide Page. Those warrants relied heavily on Steele’s reporting, despite the FBI not having had specific information corroborating allegations against Page that were included in Steele’s reporting.

          Meanwhile, Fox News Digital exclusively reported in October 2020 that Brennan briefed former President Obama and administration officials on intelligence that then-Democrat nominee former Secretary of State Clinton was stirring up a plan to tie Trump to Russia.

          Ratcliffe, as director of national intelligence, declassified Brennan’s handwritten notes memorializing that meeting, which were exclusively obtained by Fox News Digital in October 2020.

          On July 28, 2016, Brennan briefed Obama on a plan from one of Clinton’s campaign foreign policy advisors ‘to vilify Donald Trump by stirring up a scandal claiming interference by the Russian security service.’ 

          Comey, then-Vice President Joe Biden, former Attorney General Loretta Lynch and former Director of National Intelligence James Clapper were in the Brennan-Obama briefing.

          After that briefing, the CIA properly forwarded that information through a Counterintelligence Operational Lead (CIOL) to Comey and then-Deputy Assistant Director of Counterintelligence Peter Strzok, with the subject line: ‘Crossfire Hurricane.’

          Fox News Digital exclusively obtained and reported on the CIOL in October 2020, which stated: ‘The following information is provided for the exclusive use of your bureau for background investigative action or lead purposes as appropriate.’

          ‘Per FBI verbal request, CIA provides the below examples of information the CROSSFIRE HURRICANE fusion cell has gleaned to date,’ the memo continued. ‘An exchange (REDACTED) discussing US presidential candidate Hillary Clinton’s approval of a plan concerning US presidential candidate Donald Trump and Russian hackers hampering US elections as a means of distracting the public from her use of a private email server.’

          The FBI on July 31, 2016, opened a counterintelligence investigation into whether candidate Trump and members of his campaign were colluding or coordinating with Russia to influence the 2016 campaign. That investigation was referred to inside the bureau as ‘Crossfire Hurricane.’

          Former Special Counsel Robert Mueller was appointed to take over the FBI’s original ‘Crossfire Hurricane’ investigation. After nearly two years, Mueller’s investigation, which concluded in March 2019, yielded no evidence of criminal conspiracy or coordination between the Trump campaign and Russian officials during the 2016 presidential election.

          Shortly after, John Durham was appointed as special counsel to investigate the origins of the ‘Crossfire Hurricane’ probe.

          Durham found that the FBI ‘failed to act’ on a ‘clear warning sign’ that the bureau was the ‘target’ of a Clinton-led effort to ‘manipulate or influence the law enforcement process for political purposes’ ahead of the 2016 presidential election.

          ‘The aforementioned facts reflect a rather startling and inexplicable failure to adequately consider and incorporate the Clinton Plan intelligence into the FBI’s investigative decision-making in the Crossfire Hurricane investigation,’ Durham’s report states.

          ‘Indeed, had the FBI opened the Crossfire Hurricane investigation as an assessment and, in turn, gathered and analyzed data in concert with the information from the Clinton Plan intelligence, it is likely that the information received would have been examined, at a minimum, with a more critical eye,’ the report continued.

          Durham, in his report, said the FBI ‘failed to act on what should have been—when combined with other incontrovertible facts— a clear warning sign that the FBI might then be the target of an effort to manipulate or influence the law enforcement process for political purposes during the 2016 presidential election.’

          The Justice Department, earlier this year, formed a ‘strike force’ to assess evidence publicized by Director of National Intelligence Tulsi Gabbard relating to former President Barack Obama and his top national security and intelligence officials’ alleged involvement in the origins of the Trump–Russia collusion narrative.

          Meanwhile, Fox News Digital also first reported that Comey was under criminal investigation. Comey has been charged with making false statements and obstruction of a congressional proceeding. 

          Comey has pleaded not guilty. His trial is expected to begin in January.

          This post appeared first on FOX NEWS

          A federal appeals court on Friday denied a Trump administration request to temporarily block a lower court ruling requiring the government to fully fund the Supplemental Nutrition Assistance Program (SNAP) program amid the government shutdown. 

          The U.S. Court of Appeals for the 1st Circuit ruling comes as the U.S. Department of Agriculture on Friday said it is working to comply with a judge’s order to fully fund the program for November. 

          On Thursday, U.S. District Judge Jack McConnell rejected the administration’s effort to only partially fund the benefits program for some 42 million low-income Americans for November as the shutdown drags on, giving the government 24 hours to comply. 

          ‘People have gone without for too long,’  McConnell said in court.

          After the appeals court ruling, the Trump administration filed an emergency appeal to the U.S. Supreme Court, hoping it will step in by 9:30 p.m. ET Friday evening. 

          ‘Given the imminent, irreparable harms posed by these orders, which require the government to transfer an estimated $4 billion by tonight, the Solicitor General respectfully requests an immediate administrative stay of the orders pending the resolution of this application by no later than 9:30pm this evening,’ an administration spokesperson told Fox News. 

          In a letter sent to all regional directors of the SNAP program on Friday, Patrick Penn, deputy undersecretary for USDA’s Food, Nutrition and Consumer Services, said, ‘FNS is working towards implementing November 2025 full benefit issuances in compliance with the November 6, 2025, order from the District Court of Rhode Island.’

          He added, ‘Later today, FNS will complete the processes necessary to make funds available to support your subsequent transmittal of full issuance files to your EBT processor.’

          Penn said the department would keep regional directors ‘as up to date as possible on any future developments and appreciate your continued partnership to serve program beneficiaries across the country. State agencies with questions should contact their FNS Regional Office representative.’

          He scolded the Trump administration for failing to comply with the order he issued last week, which required the U.S. Department of Agriculture to fund the SNAP benefits programs before its funds were slated to lapse on Nov. 1, marking the first time in the program’s 60-year history that its payments were halted. 

          The judge also said Trump officials failed to address a known funding distribution problem that could cause SNAP payments to be delayed for weeks or months in some states. He ordered the USDA to tap other contingency funds as needed.

          ‘It’s likely that SNAP recipients are hungry as we sit here,’ McConnell said Thursday. 

          Trump administration officials said in a court filing earlier this week that they would pay just 65% of the roughly $9 billion owed to fund the SNAP program for November, prompting the judge to update his order and give the administration just 24 hours to comply.

          ‘The evidence shows that people will go hungry, food pantries will be overburdened, and needless suffering will occur,’ McConnell said. ‘That’s what irreparable harm here means.’

          Fox News’ Breanne Deppisch contributed to this report. 

          This post appeared first on FOX NEWS

          The U.S. Supreme Court issued a temporary block on Friday on a lower court’s order requiring the Trump administration to fully fund the Supplemental Nutrition Assistance Program (SNAP) program amid the government shutdown. 

          The decision came shortly after a federal appeals court on Friday denied a Trump administration request to temporarily block the lower court ruling.

          On Thursday, U.S. District Judge Jack McConnell rejected the administration’s effort to only partially fund the benefits program for some 42 million low-income Americans for November as the shutdown drags on, giving the government 24 hours to comply. 

          ‘People have gone without for too long,’  McConnell said in court.

          After the appeals court ruling, the Trump administration filed the emergency appeal to SCOTUS late Friday. 

          ‘Given the imminent, irreparable harms posed by these orders, which require the government to transfer an estimated $4 billion by tonight, the Solicitor General respectfully requests an immediate administrative stay of the orders pending the resolution of this application by no later than 9:30pm this evening,’ an administration spokesperson told Fox News. 

          New York Attorney General Letitia James responded to the Supreme Court decision Friday, calling it a ‘tragedy.’ 

          ‘This decision is a tragedy for the millions of Americans who rely on SNAP to feed their families. It is disgraceful that the Trump administration chose to fight this in court instead of fulfilling its responsibility to the American people,’ she said in a statement. 

          The Supreme Court ruling came after the U.S. Department of Agriculture on Friday said it is working to comply with a judge’s order to fully fund the program for November. 

          In a letter sent to all regional directors of the SNAP program on Friday, Patrick Penn, deputy undersecretary for USDA’s Food, Nutrition and Consumer Services, said, ‘FNS is working towards implementing November 2025 full benefit issuances in compliance with the November 6, 2025, order from the District Court of Rhode Island.’

          He added, ‘Later today, FNS will complete the processes necessary to make funds available to support your subsequent transmittal of full issuance files to your EBT processor.’

          Penn said the department would keep regional directors ‘as up to date as possible on any future developments and appreciate your continued partnership to serve program beneficiaries across the country. State agencies with questions should contact their FNS Regional Office representative.’

          He scolded the Trump administration for failing to comply with the order he issued last week, which required the U.S. Department of Agriculture to fund the SNAP benefits programs before its funds were slated to lapse on Nov. 1, marking the first time in the program’s 60-year history that its payments were halted. 

          The judge also said Trump officials failed to address a known funding distribution problem that could cause SNAP payments to be delayed for weeks or months in some states. He ordered the USDA to tap other contingency funds as needed.

          ‘It’s likely that SNAP recipients are hungry as we sit here,’ McConnell said Thursday. 

          Trump administration officials said in a court filing earlier this week that they would pay just 65% of the roughly $9 billion owed to fund the SNAP program for November, prompting the judge to update his order and give the administration just 24 hours to comply.

          ‘The evidence shows that people will go hungry, food pantries will be overburdened, and needless suffering will occur,’ McConnell said. ‘That’s what irreparable harm here means.’

          Fox News’ Breanne Deppisch contributed to this report. 

          This post appeared first on FOX NEWS

          The Trump administration on Friday intensified its dispute with South Africa, saying no U.S. government official will attend the G20 Summit in Johannesburg in protest of what it describes as state-backed discrimination against White Afrikaners.

          ‘The lives and property of Afrikaners have been endangered by politicians who incite race-based violence against them, threaten to confiscate their farms without compensation, and prop up a corrupt race-based scoring system that discriminates against Afrikaners in employment,’ State Department Deputy Principal spokesperson Tommy Piggott told Fox News Digital.

          ‘South Africa must immediately end all government-sponsored discrimination against Afrikaners and condemn those who seek to ignite racial violence against them.’

          Trump wrote on Truth Social on Friday that it’s a ‘total disgrace’ the G20, scheduled for Nov. 22 to Nov. 23, will be held in South Africa.

          ‘Afrikaners (People who are descended from Dutch settlers, and also French and German immigrants) are being killed and slaughtered, and their land and farms are being illegally confiscated,’ the president said. ‘No U.S. Government Official will attend as long as these Human Rights abuses continue. I look forward to hosting the 2026 G20 in Miami, Florida!’

          Afrikaners have faced increasing hostility from some politicians who have called for violence against them and the threat of land confiscation.

          South Africa’s Expropriation Act of 2024 allows the government to take land for public use, including in some cases without compensation — a policy the government says is aimed at addressing racial inequities in ownership, but one that critics warn could unfairly affect White Afrikaner farmers.

          Trump confronted South African President Cyril Ramaphosa at the White House in May, pressing him on ‘White genocide’ in the country. Ramaphosa vehemently denied the claims. 

          ‘There is just no genocide in South Africa,’ he said. ‘We cannot equate what is alleged to be genocide to what we went through in the struggle because people were killed because of the oppression that was taking place in our country. So you cannot equate that.’

          Trump played a video in the Oval Office of white crosses along a highway that he said depicted burial sites of White farmers.

          ‘Have they told you where that is, Mr. President?’ Ramaphosa asked. ‘I’d like to know where that is because this I’ve never seen.’

          A senior State Department official told Fox News Digital that the Trump administration set a refugee cap for fiscal year 2026 of 7,500, with a majority of the spots reserved for Afrikaners fleeing what it describes as government-sponsored race-based discrimination in South Africa.

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