Carbonxt Group (CG1:AU) has announced CG1 non-renounceable pro-rata entitlement offer
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The Pentagon has created a new medal for service members who’ve deployed to the southern border to assist federal law enforcement with President Donald Trump’s crackdown on illegal immigration.
The Pentagon unveiled plans for a Mexican Border Defense Medal for U.S. troops serving with Joint Task Force Southern Border, according to a new memo the Pentagon released Aug.13 that was shared on social media.
A U.S. defense official confirmed the authenticity of the memo to Fox News Digital Wednesday.
Now, service members will receive the Mexican Border Defense Medal (MBDM) instead of the Armed Forces Service Medal (AFSM) like they previously earned for supporting Customs and Border Protection at the border, the memo said.
The Armed Forces Service Medal, originally created in 1996 by former President Bill Clinton, is awarded to troops who have participated in a military operation with ‘significant activity,’ but didn’t encounter foreign armed opposition or imminent hostile action, according to a U.S. Army description of the medal.
The Pentagon said in July that approximately 8,500 military personnel are assigned to Joint Task Force Southern Border, and have been tasked with responding to security threats there. The task force got underway in March and completed approximately 3,500 patrols between then and July, according to the Pentagon.
Those eligible for the award must have deployed since Jan. 20 to support Customs and Border Protection, and served within 100-nautical miles from the international border shared with Mexico in either Texas, New Mexico, Arizona or California.
Those who’ve also served in adjacent waters up to 24 nautical miles away from the border also are eligible.
‘Service members must have been permanently assigned, attached, or detailed to a unit that deployed to participate in a designated DoD military operation supporting CBP within the (area of eligibility) during the (period of award) for 30 consecutive or nonconsecutive days,’ the memo said.
Those who already have received the Armed Forces Service Medal for service at the southern border may appeal to receive the new award but are ineligible to receive both, according to the Pentagon.
‘Service members and Veterans previously awarded the AFSM for DoD support to CBP may apply to their respective Military Service for award of the MBDM in lieu of the AFSM previously awarded to recognize such service; however, no Service member or Veteran may be awarded both the AFSM and the MBDM for the same period of qualifying service,’ the memo said.
The Pentagon, per the direction of the president, has established four national defense areas along the border, bolstering U.S. troops’ capacity to assist Customs and Border Protection under the task force.
The national defense areas operate under military jurisdiction, paving the way for U.S. troops to detain trespassers. Without placing these stretches of land under military jurisdiction, U.S. troops were barred from doing so under existing federal law.
‘Through these enhanced authorities, U.S. Northern Command will ensure those who illegally trespass in the New Mexico National Defense Area are handed over to Customs and Border Protection or our other law enforcement partners,’ Air Force Gen. Gregory Guillot, commander of U.S. Northern Command, said in an April statement. ‘Joint Task Force Southern Border will conduct enhanced detection and monitoring, which will include vehicle and foot patrols, rotary wing and fixed surveillance site operations.’
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Ukrainian President Volodymyr Zelenskyy said he wants a ‘strong reaction’ from the U.S. government if Russian President Vladimir Putin does not sit down with him for a bilateral meeting.
This comes as U.S. President Donald Trump is seeking to broker a peace agreement between the two countries that have been at war since Moscow’s February 2022 invasion of Ukraine, although Trump has conceded that Putin may not be prepared to make a deal.
Zelenskyy has said he has already agreed to a proposed meeting with Putin.
‘I responded immediately to the proposal for a bilateral meeting: we are ready. But what if the Russians are not ready?’ Zelenskiy said at a news briefing in Kyiv on Wednesday.
‘If the Russians are not ready, we would like to see a strong reaction from the United States,’ he added.
Trump separately met with both leaders in the past week, with Zelenskyy visiting the White House along with other European leaders earlier this week and the U.S. president meeting Putin in Alaska last week.
The White House has said Putin was willing to meet with his Ukrainian foe after a phone call this week with Trump.
‘President Trump spoke with President Putin by phone, and he agreed to begin the next phase of the peace process, a meeting between President Putin and President Zelenskyy, which would be followed, if necessary, by a trilateral meeting between President Putin, President Zelensky and President Trump,’ White House press secretary Karoline Leavitt told reporters on Tuesday.
The path toward peace between the two sides remains uncertain despite U.S. efforts for diplomacy, as the U.S. government and its allies attempt to work out potential security guarantees for Ukraine.
Zelenskyy said it was unclear what concessions about territory Russia was willing to make to end the conflict. Trump has previously said Kyiv and Moscow would both need to cede territory.
‘To discuss what Ukraine is willing to do, let’s first hear what Russia is willing to do,’ Zelenskyy said. ‘We do not know that.’
Reuters contributed to this report.
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The Trump administration scored a major victory in the Supreme Court Thursday as the justices, in a 5-4 order, cleared his administration to slash more than $783 million in National Institutes of Health (NIH) research grants tied to diversity, equity and inclusion initiatives, LGBTQ issues and other hot-button topics.
The unsigned majority order said NIH ‘may proceed with terminating existing grants’ while leaving in place a partial block on issuing new directives.
The move delivers a political win for Trump’s broader push to roll back DEI programs across the federal government.
The decision overturns rulings by lower courts that had blocked the cuts. In June, U.S. District Judge Angel Kelley of Massachusetts called the administration’s actions ‘arbitrary and capricious’ and said NIH had ‘failed to provide a reasoned explanation’ for cutting grants midstream. The 1st Circuit upheld her injunction in July, setting up Trump’s emergency appeal to the Supreme Court.
The Justice Department argued in its July 24 filing that leaving the injunction in place ‘forces NIH to continue funding projects inconsistent with agency priorities’ and warned the order ‘intrudes on NIH’s core discretion to decide how best to allocate limited research funds.’
Opponents framed the cuts as ideological. The American Public Health Association warned that ‘halting these grants would devastate biomedical research across the country, disrupting clinical trials and delaying urgently needed discoveries’ and said ‘the administration has offered no scientific basis for these cancellations — only ideology.’
A coalition of Democrat-led states led by Massachusetts argued that ‘patients should not be collateral damage in a political fight.’
News outlets stressed the stakes of Thursday’s decision.
The Associated Press described the ruling as the court letting Trump cut $783 million in research funding ‘in an anti-DEI push.’
Reuters reported that ‘the Supreme Court in a 5–4 order cleared the way for the Trump administration to cut diversity-related NIH grants, though it left in place part of the ruling blocking new restrictions.’
Research groups warned of the cuts’ fallout. The Association of American Universities said the cuts ‘risk chilling scientific inquiry by discouraging researchers from pursuing politically sensitive topics.’
Scientists cautioned the decision could derail progress on diseases such as cancer and Alzheimer’s, even as the broader legal fight continues in the 1st Circuit and may return to the Supreme Court.
The Associated Press contributed to this report.
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The White House made headlines this week by finally joining TikTok. As someone who has been urging Republican leadership to modernize our outreach to young people for years, I believe this is a long-overdue step in the right direction. But joining TikTok isn’t enough on its own. To win over the next generation of voters, this White House must go further — and faster.
President Trump’s political comeback in 2024 wasn’t a fluke. It was built on connecting with youth voters in ways no Republican had ever tried before. When he tapped me to come on as chair of the RNC’s inaugural Youth Advisory Council in 2023, I told party leaders bluntly that the days of relying on a Sunday newspaper ad to deliver the GOP’s message were over. My generation doesn’t read the classifieds — we scroll feeds. We share memes. We stream podcasts. We are digital natives, and any party serious about winning our support has to meet us where we are.
That’s exactly what President Trump did. He embraced new platforms, leaned into long-form podcasts, and even launched a TikTok account that quickly became the fastest-growing account in the platform’s history. The results spoke for themselves. Nationally, 46% of Gen Z backed Trump in 2024, a 10-point surge from 2020. In Wisconsin, Republican support among 18-to-29-year-olds jumped from 36% in 2020 to 48% in 2024. That is a generational shift in motion.
But the work is far from over. The GOP holds the House at 218 seats — a razor-thin margin — and the results showed clear divides among young voters. Young men trended right while young women leaned left, especially on issues like abortion. The takeaway is obvious: Republicans can’t take their foot off the gas when it comes to modern youth outreach.
And here’s the truth: if Republicans don’t stay in the game, others will. My peers are not only watching President Trump — they’re also listening to progressive Rep. Alexandria Ocasio-Cortez, D-N.Y. and even far-left figures like democratic socialist Zohran Mamdani, who could soon be mayor of New York City.
Many in Gen Z are flirting with socialism because those voices are showing up online and on campus in ways conservatives too often don’t. If the White House and the GOP want to cement Gen Z gains, they need to get in the game now — not two years from now.
Here are three ways the White House can seize this moment:
1. Launch a White House Podcast — The Modern Fireside Chat
One of the biggest turning points in 2023 came when Trump started appearing on popular podcasts. These weren’t 7-minute cable news hits clipped for social media. They were long, unfiltered, authentic conversations lasting up to three hours. And they reached tens — sometimes hundreds — of millions of people, many of them first-time voters.
Young Americans are drowning in student debt, struggling to afford eggs, and working two jobs. They’re not paying for cable bundles. They’re streaming on YouTube and Spotify. That’s why podcasts were so effective — because they met people where they already were.
Now that he’s back in the Oval Office, President Trump should take it further by hosting a monthly White House podcast. Thirty minutes, once a month. It would be the modern equivalent of FDR’s fireside chats: a direct, unfiltered line from the president to the people. That kind of accessibility would deepen his connection with young voters and bypass the hostile filter of legacy media.
2. Take a Campus Speaking Tour
This May, just before he walked on stage to deliver the commencement address at the University of Alabama, I had the opportunity to meet with President Trump one-on-one. I told him directly: my peers don’t just want to see their president online — they want to see him on campus.
The impact of a campus speaking tour would be enormous. Universities are the beating heart of Gen Z political culture. Too often, conservatives have ceded that ground to the Left. But when Trump goes into these spaces — whether it’s a stadium filled with graduates in Alabama or a rally near a college town — students show up. And they listen.
The Kamala Harris campaign’s approach to keeping their monopoly on Gen Z last November was a political consultant’s fever dream: using trendy phrases like ‘joy’ in messaging, posting TikTok trends, and bringing our A-List celebrities. Up until that point, they executed the perfect made-in-a-lab playbook to win over my peers, but there was just one problem: she screamed at us instead of talking to us.
There’s a difference between standing on stage next to Beyoncé and thinking that’s all you have to do to win over America’s youngest voters, and actually taking the time to fly to college campuses and throw out hot dogs in the student section like President Trump did in Tuscaloosa last October.
Remember when the world was shocked when Trump descended on the Bronx for a rally in a territory Republicans never talked about much less visited? That same feeling of excitement–of an unseen community being seen–could happen again if the president held a speech on Harvard’s campus.
Imagine a presidential speaking tour that takes him to major universities across the country, not just red states but swing states where young voters could decide the balance of power in 2026. Hearing directly from the president of the United States, not filtered through CNN or MSNBC, would cut through the noise and give students a chance to engage with conservative ideas firsthand.
3. Keep the TikTok Account Active
Trump’s TikTok account broke records as the fastest-growing in the platform’s history. That momentum cannot go to waste now that the campaign is over. TikTok is where millions of young Americans spend their time, and the White House should treat it as a permanent tool for outreach, not just a campaign gimmick.
Behind-the-scenes videos, short policy explainers, and even lighter content showing the human side of the presidency would reach audiences that traditional news outlets will never touch. TikTok’s algorithm thrives on authenticity, and the White House has the chance to use it as a window into The People’s House — not just a political stage.
President Trump’s youth outreach strategy helped rewrite the rules of American politics. It showed Republicans that Gen Z isn’t a lost cause. In fact, we are trending conservative faster than any recent generation. But winning our support takes effort. It takes consistency. And it takes meeting us where we live — online and on campus.
Joining TikTok is a good move, but it must be the beginning, not the end. A monthly White House podcast, a presidential campus tour and a daily energetic presence on TikTok would send a clear message: this president isn’t just talking at young people — he’s talking with us. That’s how you prevent Gen Z from drifting toward AOC or Zohran Mamdani and instead lock in a generation for the conservative movement.
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The Department of Justice (DOJ) is set to begin turning over documents related to Jeffrey Epstein to the House Oversight Committee Friday.
Committee Chair James Comer, R-Ky., told reporters Thursday that he had no timeline for when materials would be sent over, but confirmed he still expected files Friday.
Comer suggested that documents would be made public at some point after being assessed by the committee.
‘We’ll work as quickly as we can…this is sensitive information,’ the Kentucky Republican said in response to Fox News Digital asking about a timeline for a wide release.
‘We want to make sure we don’t do anything to harm or jeopardize any victims that were involved in this. But we’re going to be transparent. We’re doing what we said we would do. We’re getting the documents. And, I believe the White House will work with us.’
Comer was directed to subpoena the DOJ for materials related to Epstein’s case via a bipartisan vote by committee members last month.
The subpoena deadline, originally set for earlier this week, was moved to Friday in an effort to accommodate the Trump administration – which Comer said was complying with his request.
‘There are many records in DOJ’s custody, and it will take the Department time to produce all the records and ensure the identification of victims and any child sexual abuse material are redacted,’ Comer said on Tuesday. ‘I appreciate the Trump administration’s commitment to transparency and efforts to provide the American people with information about this matter.’
He told reporters Thursday that he believed there were ‘hundreds and hundreds of pages’ of documents in existence.
‘It’s just a matter of getting it together and reviewing it, which I’m sure the Department of Justice is doing as we speak,’ Comer said.
Requested materials included all documents and communications in the DOJ’s possession relating to both Epstein and his accomplice Ghislaine Maxwell, as well as files ‘further relating or referring to human trafficking, exploitation of minors, sexual abuse, or related activity,’ according to a subpoena viewed by Fox News Digital.
Documents relating specifically to the DOJ’s prosecutions of Epstein and Maxwell, Epstein’s 2007 non-prosecution agreement with federal prosecutors in Florida, and any materials related to Epstein’s death were requested.
Renewed furor over Epstein’s case engulfed Capitol Hill after intra-GOP fallout over the Trump administration’s handling of the matter.
The DOJ effectively declared the case closed after an ‘exhaustive review,’ revealing Epstein had no ‘client list,’ did not blackmail ‘prominent individuals,’ and confirmed he did die by suicide in a New York City jail while awaiting prosecution.
In response to the backlash by some on the right, President Donald Trump and his DOJ have sought to take steps to make more information public.
Democrats seized on the backlash with newfound calls for transparency in Epstein’s case, prompting some on the right to accuse them of hypocrisy for not pushing the matter earlier.
When asked about that divide, House Oversight Committee member Rep. Jasmine Crockett, D-Texas, told reporters that Epstein’s case was not a priority for Democrats in the same way it was seen by the GOP.
‘I can tell you that Democrats, when they went out there and campaigned, they campaigned on costs, whether it was housing costs, whether it was food costs or whether they were campaigning on children, being able to get the education that they deserve in this country. This wasn’t a promise that we made. So this was not something that was front and center,’ Crockett said.
‘I don’t see anything wrong with the fact that we were trying to do everything that we could to prevent our economy from being where it is right now. But ultimately, when people voted, they’re telling us that they voted for this particular reason. It’s important that we follow up.’
Fox News Digital reached out to the DOJ for comment but did not hear back by press time.
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NORTH KINGSTOWN, R.I. — The winged passenger ferry gliding over the surface of Narragansett Bay could be a new method of coastal transportation or a new kind of warship.
Its maker, Regent Craft, is betting on both.
Twelve quietly buzzing propellers line the 65-foot wingspan of Paladin, a sleek ship with an airplane’s nose. It looks nothing like the sailboats and fishing trawlers it speeds past through New England’s largest estuary.
“We had this vision five years ago for a seaglider — something that is as fast as an aircraft and as easy to drive as a boat,” said CEO Billy Thalheimer, jubilant after an hours-long test run of the new vessel.
On a cloudy August morning, Thalheimer sat in the Paladin’s cockpit and, for the first time, took control of his company’s prototype craft to test its hydrofoils. The electric-powered watercraft has three modes — float, foil and fly.
From the dock, it sets off like any motorized boat. Farther away from land, it rises up on hydrofoils — the same kind used by sailing ships that compete in America’s Cup. The foils enable it to travel more than 50 miles per hour — and about a person’s height — above the bay.
What makes this vessel so unusual is that it’s designed to soar about 30 feet above the water at up to 180 miles per hour — a feat that hasn’t quite happened yet, with the first trial flights off Rhode Island’s seacoast planned for the end of summer or early fall.
If successful, the Paladin will coast on a cushion of air over Rhode Island Sound, lifting with the same “ground effect” that pelicans, cormorants and other birds use to conserve energy as they swiftly glide over the sea. It could zoom to New York City — which takes at least three hours by train and longer on traffic-clogged freeways — in just an hour.
As it works to prove its seaworthiness to the U.S. Coast Guard and other regulators around the world, Regent is already lining up future customers for commercial ferry routes around Florida, Hawaii, Japan and the Persian Gulf.
Regent is also working with the U.S. Marines to repurpose the same vessels for island-hopping troops in the Pacific. Those vessels would likely trade electric battery power for jet fuel to cover longer journeys.
With backing from influential investors including Peter Thiel and Mark Cuban, Thalheimer says he’s trying to use new technology to revive the “comfort and refined nature” of 1930s-era flying boats that were popular in aviation’s golden age before they were eclipsed by commercial airlines.
This time, Thalheimer added, they’re safer, quieter and emission-free.
“I thought they made travel easier in a way that made total sense to me,” Cuban said by email this week. “It’s hard to travel around water for short distances. It’s expensive and a hassle. Regent can solve this problem and make that travel fun, easy and efficient.”
Co-founders and friends Thalheimer, a skilled sailor, and chief technology officer Mike Klinker, who grew up lobster fishing, met while both were freshmen at the Massachusetts Institute of Technology and later worked together at Boeing. They started Regent in 2020.
They’ve already tested and flown a smaller model. But the much bigger, 12-passenger Paladin — prototype of a product line called Viceroy — began foil testing this summer after years of engineering research and development. A manufacturing facility is under construction nearby, with the vessels set to carry passengers by 2027.
The International Maritime Organization classifies “wing-in-ground-effect” vehicles such as Regent’s as ships, not aircraft. But a database of civilian ships kept by the London-based organization lists only six around the world, all of them built before it issued new safety guidance on such craft in 2018 following revisions sought by China, France and Russia.
The IMO says it treats them as marine vessels because they operate in the vicinity of other watercraft and must use the same rules for avoiding collisions. The Coast Guard takes a similar approach.
“You drive it like a boat,” Thalheimer said. “If there’s any traffic on the harbor, you’ll see it on the screen. If you see a boat, you’d go around it. We’re never flying over boats or anything like that.”
One of the biggest technical challenges in Regent’s design is the shift from foiling to flying. Hydrofoils are fast for a seafaring vessel, but far slower than the speeds needed to lift a conventional airplane from a runway.
That’s where air blown by the 12 propellers comes in, effectively tricking the wing into generating high lift at low speeds.
All of this has worked perfectly on the computer simulations at Regent’s headquarters in North Kingstown, Rhode Island. The next step is testing it over the water.
For decades, the only warship known to mimic such a ground-effect design was the Soviet Union’s hulking ekranoplan, which was built to fly under radar detection but never widely used. Recently, however, social media images of an apparent Chinese military ekranoplan have caught the attention of naval experts amid increasingly tense international disputes in the South China Sea.
Regent has capitalized on those concerns, pitching its gliders to the U.S. government as a new method for carrying troops and cargo across island chains in the Indo-Pacific region. It could also do clandestine intelligence collection, anti-submarine warfare and be a “mothership” for small drones, autonomous watercraft or medical evacuations, said Tom Huntley, head of Regent’s government relations and defense division.
They fly below radar and above sonar, which makes them “really hard to see,” Huntley said.
While the U.S. military has shown increasing interest, questions remain about their detectability, as well as their stability in various sea states and wind conditions, and their “cost at scale beyond a few prototypes and maintainability,” said retired U.S. Navy Capt. Paul S. Schmitt, an associate research professor at the Naval War College, across the bay in Newport, Rhode Island.
Schmitt, who has seen Paladin from afar while sailing, said he also has questions about what kind of military mission would fit Regent’s “relatively short range and small transport capacity.”
The possibilities that most excite Cuban and other Regent backers are commercial.
Driving Interstate 95 through all the cities that span Florida’s Atlantic Coast can take the better part of a day, which is one reason why Regent is pitching Miami as a hub for its coastal ferry trips.
The Viceroy seagliders can already carry more passengers than the typical seaplane or helicopter, but a growing number of electric hydrofoil startups, such as Sweden’s Candela and California-based Navier, are trying to stake out ferry routes around the world.
Thalheimer sees his vehicles as more of a complement than a competitor to electric hydrofoils that can’t travel as fast, since they will all use the same docks and charging infrastructure but could specialize in different trip lengths.
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Walmart on Thursday raised its full-year earnings and sales outlook as its online business posted another quarter of double-digit gains, even as the company said costs are rising from higher tariffs.
The big-box retailer topped Wall Street’s quarterly sales estimates but fell short of earnings expectations, the first time it missed on quarterly earnings since May 2022. The company said it felt pressure on profits for the period, including from some one-time expenses, such as restructuring costs, pricier insurance claims and litigation settlements.
Walmart said it now expects net sales to grow 3.75% to 4.75% for the fiscal year, up from its previous expectations of 3% to 4%. It raised its adjusted earnings per share outlook slightly to $2.52 to $2.62, up from a prior range of $2.50 to $2.60 per share.
In an interview with CNBC, Chief Financial Officer John David Rainey said the company is working hard to keep prices low — including speeding up imports from overseas and stepping up the number of Rollbacks, or limited-time discounts, in its stores.
“This is managed on an item-by-item and category-by-category basis,” he said. “There are certainly areas where we have fully absorbed the impact of higher tariff costs. There are other areas where we’ve had to pass some of those costs along.”
But he added “tariff-impacted costs are continuing to drift upwards.”
Even so, Rainey said Walmart hasn’t seen a change in customer spending. For example, sales of private label items, which typically cost less than national brands, were roughly flat year over year, he said.
“Everyone is looking to see if there are any creaks in the armor or anything that’s happening with the consumer, but it’s been very consistent,” he said. “They continue to be very resilient.”
Yet on the company’s earnings call, CEO Doug McMillon said middle- and lower-income households have been more sensitive to tariff-related price increases, particularly in discretionary categories.
“We see a corresponding moderation in units at the item level as customers switch to other items, or in some cases, categories,” he said.
Here’s what the big-box reported for the fiscal second quarter compared with what Wall Street expected, according to a survey of analysts by LSEG:
Walmart shares fell about 2% in premarket trading Thursday.
Walmart’s net income jumped to $7.03 billion, or 88 cents per share, in the three-month period that ended July 31, compared with $4.50 billion, or 56 cents per share, in the year-ago quarter.
Revenue rose from $169.34 billion in the year-ago quarter.
Comparable sales for Walmart U.S. climbed 4.6% in the second quarter, excluding fuel, compared with the year-ago period, as both the grocery and health and wellness category saw strong growth. That was higher than the 4% increase that analysts expected. The industry metric, also called same-store sales, includes sales from stores and clubs open for at least a year.
At Sam’s Club, comparable sales jumped 5.9% excluding fuel, higher than the 5.2% that analysts anticipated.
E-commerce sales jumped 25% globally and 26% in the U.S., as both online purchases and advertising grew. In the U.S., Walmart said sales through store-fulfilled delivery of groceries and other items grew nearly 50% year over year, with one-third of those orders expedited. The company charges a fee for some of those faster deliveries, and others are included as a benefit of its subscription-based membership program, Walmart+.
Its global advertising business grew 46% year over year, including Vizio, the smart TV maker it acquired for $2.3 billion last year. Its U.S. advertising business, Walmart Connect, grew by 31%.
As Walmart’s online business drums up more revenue from home deliveries, advertising and commissions from sellers on its third-party marketplace, e-commerce has become a profitable business. The company marked a milestone in May — posting its first profitable quarter for its e-commerce business in the U.S. and globally.
Rainey said on Thursday that Walmart doubled its e-commerce profitability in the fiscal second quarter from the prior quarter.
In the U.S., shoppers both visited Walmart more and spent more on those trips during the quarter. Customer transactions rose 1.5% year over year and average ticket increased 3.1% for Walmart’s U.S. business.
As the largest U.S. retailer, Walmart offers a unique window into the financial health of American households. As higher duties have come in fits and starts — with some getting delayed and others going into effect earlier this month — Wall Street has tried to understand how those costs will ripple through the U.S. economy.
Walmart warned in May that it would have to raise some prices due to higher levies on imports, even with its size and scale. The company’s comments drew the ire of President Donald Trump, who said in a social media post that Walmart should “EAT THE TARIFFS.”
About a third of what Walmart sells in the U.S. comes from other parts of the world, with China, Mexico, Canada, Vietnam and India representing its largest markets for imports, Rainey said in May.
According to an analysis by CNBC of about 50 items sold by the retailer, some of those price changes have already hit shelves. Items that rose in price at Walmart over the summer included a frying pan, a pair of jeans and a car seat.
Rainey on Thursday declined to specify items or categories where Walmart had increased prices, saying the company is “trying to keep prices as low as we can.”
He said one of the company’s strategies has been bringing in inventory early, particularly for Sam’s Club as it gets ready for the second half of the fiscal year and its crucial holiday season. At the end of the quarter, inventory was up about 3.5% at Sam’s Club, Rainey said. It was up 2.2% for Walmart U.S.
On the company’s earnings call, McMillon said the impact of tariffs has been “gradual enough that any behavioral adjustments by the customer have been somewhat muted.”
“But as we replenish inventory at post-tariff price levels, we’ve continued to see our costs increase each week, which we expect will continue into the third and fourth quarters,” he said.
Yet even with higher costs from tariffs, Walmart has fared better than its retail competitors as it has leaned into its reputation for value, competed on faster deliveries to customers’ homes and attracted more business from higher-income households.
The Arkansas-based retailer’s performance has diverged sharply from rival Target, which posted another quarter of sales declines on Wednesday and named the new CEO who will be tasked with trying to turn around the company.
Walmart has gained from Target’s struggles. It has followed the Target playbook by launching more exclusive and trend-driven brands, including grocery brand BetterGoods and activewear brand Love & Sports. It has also expanded its third-party marketplace to include prestige beauty brands and more.
Sales of general merchandise, items outside of the grocery department, were a bright spot for Walmart in the fiscal second quarter, Rainey said. That category struggled during peak inflation in recent years, as consumers spent less on discretionary items because of rising grocery bills.
Comparable sales for general merchandise rose by a low-single-digit percentage and accelerated throughout the quarter, Rainey told CNBC. He added clothing and fashion sales “really shined for us.”
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Providence Gold Mines Inc. (“Providence” or the “Company”) announces that subject to Regulatory approval it has entered an option agreement to acquire the “La Dama de Oro Gold Property”. The property is a historical gold mine 100% owned by the Optionor, (” Mohave Gold Mining”), a private Company incorporated under the laws of the state of California.
Providence recently commissioned Ethos Geological Inc. of Bozeman MT to complete an NI 43 101 technical report, authored by Zachary Black, SME-RM acting as the Qualified Person under NI 43 101. The NI 43 101 technical report has been submitted for Exchange review and approval. A cautionary note: The property is at an early exploration stage and does not have sufficient data for a mineral resource.
The La Dama de Oro Property is situated in the Silver Mountain Mining District, within the structurally complex Eastern California Shear Zone and the intersection with the San Andreas Fault Zone. Bedrock geology includes Mesozoic quartz monzonite that intrudes the Jurassic Sidewinder Volcanics. The structural history of the region implies a sequence of compressional and extensional events that reactivated favorably oriented zones of weakness for the circulation of hydrothermal fluids. The main zone of mineralization is hosted by the La Dama de Oro Fault, a shallow northeast-dipping oblique-slip fault.
The mineralization at the property is classified as a structurally controlled, low-sulfidation epithermal gold-silver vein system. Gold and silver mineralization is associated with multi-phase quartz veining, brecciation, and pervasive hydrothermal alteration along the La Dama de Oro Fault. The largest known vein is 4.5 feet at its widest point and remains open to exploration, with the potential for additional undiscovered veins along the fault system. The property has an approved exploration permit that includes a bulk sample.
The Option entitles the Company the right to purchase 100% of the La Dama de Oro Gold Property under the following terms:
YEAR 1
Within 15 days of Regulatory approval the Company shall issue 2,000,000 common shares from treasury and incur $20,000 in expenditures within 12 months of the effective date.
YEAR 2
The Company shall issue an additional 2,000,000 common shares from treasury and incur $250,000 in expenditures before the second-year anniversary of the effective date
YEAR 3
The Company shall issue an additional 500,000 common shares from treasury and incur a further $250,000 in expenditures before the third-year anniversary date of the effective date
YEAR 4
The Company shall incur an additional $250,000 expenditures before the fourth-year anniversary of the effective date
Ronald A. Coombes, President & CEO of Providence commented; “The best place to explore for gold is where gold is, with the rich historical history of past gold production at the La Dama de Oro mine there remains very good discovery potential”.
The scientific and technical information contained in this news release has been reviewed and approved by Zachary Black, SME-RM, a Qualified Person as defined under NI 43-101. Mr. Black is a consultant and is independent of Providence Gold Mines Inc.
For more information, please contact Ronald Coombes, President, and CEO of the Company.
Ronald A. Coombes, President & CE
Phone: 604 724 2369
roombes@providencegold.com
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION
Neither the OTCQB and or the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
All statements, trend analysis and other information contained in this press release relative to markets about anticipated future events or results constitute forward-looking statements. All statements, other than statements of historical fact, included herein, including, without limitation, statements relating to the permitting process, future production of Providence Gold Mines, budget and timing estimates, the Company’s working capital and financing opportunities and statements regarding the exploration and mineralization potential of the Company’s properties, are forward-looking statements. Forward-looking statements are subject to business and economic risks and uncertainties and other factors that could cause actual results of operations to differ materially from those contained in the forward- looking statements. Important factors that could cause actual results to differ materially from Providence Gold Mines expectations include fluctuations in commodity prices and currency exchange rates; uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; the need for cooperation of government agencies and native groups in the exploration and development of properties and the issuance of required permits; the need to obtain additional financing to develop properties and uncertainty as to the availability and terms of future financing; the possibility of delay in exploration or development programs and uncertainty of meeting anticipated program milestones; and uncertainty as to timely availability of permits and other governmental approvals. Forward-looking statements are based on estimates and opinions of management at the date the statements are made. Providence Gold Mines does not undertake any obligation to update forward-looking statements except as required by applicable securities laws. Investors should not place undue reliance on forward-looking statement.
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ESGold (CSE:ESAU,OTCQB:ESAUF) has signed a binding memorandum of understanding with Colombian firm Planta Magdalena to form a 50/50 joint venture on a fully permitted gold- and silver-bearing tailings project.
Under the agreement, ESGold will invest C$1.5 million for its stake and will retain a first right of refusal to acquire the remaining 50 percent interest from Planta Magdalena within 12 months.
The project is designed to replicate ESGold’s Montauban model in Québec, which focuses on generating cashflow by reprocessing legacy tailings, while providing environmental remediation.
Preliminary due diligence sampling of 27 tailings collected from the project, located in Colombia’s Bolívar department, returned encouraging results, including assays of 42.7 grams per metric ton (g/t) gold and 280 g/t silver.
Several samples exceeded 5 g/t gold and 190 g/t silver, highlighting the potential for high-grade recovery.
Bulk concentrate tests are underway, with final verification to be completed at Actlabs in Québec.
Bolívar is one of Colombia’s most prolific gold regions, with artisanal miners processing an estimated 300,000 metric tons of ore annually. ESGold, a self-described scalable clean mining and exploration innovation company, plans to apply modern, mercury-free recovery methods to improve yields while addressing environmental concerns.
“The region still processes hundreds of thousands of metric tons of ore annually, yet much of it is handled using rudimentary mercury amalgamation methods that leave behind a substantial amount of gold and silver in the tailings,” said Gordon Robb, CEO of ESGold. “This creates an immense opportunity for ESGold to apply modern, environmentally responsible recovery technology that can significantly improve yields while remediating legacy mine sites.”
Pending completion of technical and legal due diligence, ESGold aims to fast track the project toward production in 2026, establishing a second high-margin operation alongside Montauban.
Green revenue stream
It is estimated that there are 8,500 tailings facilities around the globe, holding more than 217 billion cubic meters of mine ‘waste.’ In an effort to reduce the amount of stored tailings and their environmental impact, tailings reprocessing is emerging as both an economic and sustainable revenue stream.
By extracting valuable residual metals, such as gold, copper and critical minerals, from legacy waste, companies can generate revenue while reducing the environmental footprint of tailings facilities.
The approach also aligns with sustainability goals, as it mitigates risks like tailings dam failures and restores degraded sites, turning longstanding liabilities into productive assets
Globally, the growing recognition of untapped value in tailings has spurred renewed interest and investment, with major miners — like Vale (NYSE:VALE) — and governments prioritizing tailings projects as part of circular mining strategies and critical minerals security.
Securities Disclosure: I, Georgia Williams, hold no direct investment interest in any company mentioned in this article.
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