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U.S. airline travelers are beginning to feel the effects of the ongoing government shutdown. And with no clear end in sight, it’s increasingly likely that Americans could be grappling with flight delays and cancellations just ahead of the Thanksgiving holiday.

Tuesday marks Day 28 of the shutdown. It’s also the first day that air traffic controllers and other federal workers will see a paycheck showing $0 — putting added strain on a sector that is already dealing with a declining workforce and difficult employment conditions.

‘This Democrat-led shutdown is putting an unnecessary strain on our nation’s aviation system, putting more flights at risk for delays or cancellation,’ Rep. Troy Nehls, R-Texas, chair of the House Transportation Committee’s aviation subcommittee, told Fox News Digital.

After speaking with air traffic controllers directly, Nehls said, ‘They’ve shared their growing concerns about fatigue, distraction and financial hardship as they continue performing essential work without pay.’

‘The busy holiday season is quickly approaching, and the traveling public deserves a safe, efficient, and reliable travel experience. If Senate Democrats continue to refuse to do the right thing and pass the clean continuing resolution, the situation will only get worse,’ Nehls said.

Still, the looming payday hasn’t loosened Senate Democrats from their dug-in position. 

Sen. Andy Kim, D-N.J., argued that the blame game against Democrats over air traffic controllers, and other looming issues like federal food benefits soon running out of money, were ‘all things that the Republicans have been cutting back on.’ 

He noted to Fox News Digital that the administration fired hundreds of Federal Aviation Administration (FAA) employees earlier this year based on recommendations from the Department of Government Efficiency (DOGE). 

‘These are things that they’ve constantly been attacking and putting the strain and pressure on air traffic controllers, and now they’re pretending like they care about this, and I just find that to be disingenuous,’ Kim said. ‘And it’s just using our federal workers as pawns when we know that this administration has done everything that they could to decimate and dismantle our civil service and our public service.’

The Senate may vote on a bill this week from Sen. Ted Cruz, R-Texas, that would pay air traffic controllers, but so far Senate Majority Leader John Thune, R-S.D., has not teed it up. Thune said they’d ‘see what the temperature is of our senators’ on that and other funding issues, but he reiterated that the easiest way to pay all federal workers would be to reopen the government. 

Sen. Richard Blumenthal, D-Conn., echoed a sentiment many Senate Democrats have shared about Cruz’s bill and others like it that would incrementally fund parts of the government; it can’t give President Donald Trump ‘carte blanche to do what he wants.’ 

When asked by Fox News Digital about criticism from Republicans over congressional Democrats’ role in air traffic controllers missing a pay day, he said, ‘Air traffic controllers have been really admirable in coming to work and doing their job.’

Cruz said that he hoped his bill would get a shot, and when asked what his message to Republicans would be to get the bill on the floor, he said, ‘That the Democrats not paying air traffic controllers is reckless.’  

Some 13,000 air traffic controllers are employed across the U.S. Many already work six days per week, faced with a long-simmering shortage of employees.

Because air traffic controllers are deemed essential workers, they are made to work during shutdowns without pay. Instead, they are expected to get back pay when the shutdown is over.

Transportation Secretary Sean Duffy warned late last week that it would mean that many air traffic controllers would be forced to take on another job to make ends meet.

‘If you have a controller that’s working six days a week but has to think about, ‘How am I going to pay the mortgage, how am I to make the car payment, how am I going to put food on my kid’s table?’ They have to make choices, and the choice they’re making is to take a second job,’ Duffy said. ‘I don’t want them delivering for DoorDash. I don’t want them driving Uber. I want them coming to their facilities and controlling the airspace.’

And the effects are being felt already, even far outside of Washington, D.C., where Congress is still gridlocked over federal spending.

Los Angeles International Airport, one of the world’s busiest airports, was forced to issue a temporary ground stop on Sunday morning due to a shortage of air traffic controllers.

It was just one of 22 locations that faced disruptions over air traffic controller shortages on Sunday, Duffy told ‘Sunday Morning Futures.’

There were more than 3,300 delayed flights across the U.S. as of late Monday afternoon, according to airline tracker FlightAware. There were more than 8,700 delays on Sunday.

And several airports, including in Dallas, Austin and Newark, were all under ‘ground delay’ or ‘ground stop’ advisories early Monday evening, according to advisory bulletins from the FAA. Each advisory was due to staffing issues. 

Sen. Roger Marshall, R-Kan., noted that there were ‘three or four’ fast-approaching pressure points, including the payday for air traffic controllers, that could shake loose deeply entrenched Senate Democrats. 

He noted that it wouldn’t be something inside the walls of Congress that could force negotiations, but ‘something extraneous that forces us to come together.’

‘I think the air traffic control has the most potential to light this place up,’ he told Fox News Digital. ‘If the senators can’t go home Thursday night because of air traffic control issues, then I think it really could be a pressure point.’

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President Donald Trump discussed the results of a recent magnetic resonance imaging (MRI) scan he had with reporters on Air Force One while on his way to Tokyo on Monday.

‘It was perfect, yeah,’ he said. ‘I mean, I gave you the full results. We had an MRI and the machine, you know, the whole thing. And it was perfect.’

Trump, 79, was the oldest person to be inaugurated as U.S. president when he retook the White House in January, and he is the second-oldest person to serve as U.S. president.

Earlier this month, the president’s doctor said Trump was found to be in ‘exceptional health’ following a ‘routine’ semiannual physical at Walter Reed National Military Medical Center.

Navy Capt. Sean P. Barbabella, the physician to the president, said Trump ‘remains in exceptional health, exhibiting strong cardiovascular, pulmonary, neurological, and physical performance.’ 

Barbabella also said Trump received updated COVID-19 and flu shots in preparation for international travel.  

The medical checkup was Trump’s second this year. He had a similar exam in April, during which his physician stated that he ‘remains in excellent health.’

In July, the president was diagnosed with a vein condition known as chronic venous insufficiency. At the time, White House press secretary Karoline Leavitt said Trump had noticed ‘mild swelling’ in his lower legs and was evaluated by the White House medical unit.

Chronic venous insufficiency occurs when veins in the legs struggle to allow blood to flow back up to the heart.

Leavitt also attributed bruising on the president’s hand to ‘frequent handshaking and the use of aspirin,’ which Trump takes as part of a ‘standard cardiovascular prevention regimen.’

Fox News Digital’s Brie Stimson and Reuters contributed to this report. 

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Questcorp Mining Inc. (CSE: QQQ,OTC:QQCMF) (OTCQB: QQCMF) (FSE: D910) (the ‘Company’ or ‘Questcorp’) announces that it has closed the first tranche of its non-brokered private placement (the ‘Offering’). In connection with closing, the Company has issued 14,000,334 units (each, a ‘Unit’) at a price of $0.15 per Unit for gross proceeds of $2,100,050. Each Unit consists of one common share of the Company (each, a ‘Share’) and one-half-of-one share purchase warrant (each whole warrant, an ‘Warrant’). Each Warrant entitles the holder to acquire an additional common share of the Company at a price of $0.20 until October 24, 2027, subject to accelerated expiry in the event the closing price of the Shares is $0.50 or higher for ten consecutive trading days.

The Company expects to utilize the proceeds of the Offering for advancement of ongoing exploration and drill work at the La Union Gold and Silver Project, upcoming exploration work at the North Island Copper Property, and for general working capital purposes.

A portion of the Units issued under the first tranche the Offering, representing $2,000,000 will be held pursuant to a sharing agreement entered into with an institutional investor, Sorbie Bornholm LP (‘Sorbie‘) and the Company (the ‘Sharing Agreement‘). The Sharing Agreement provides that the Company’s economic interest will be determined in twenty-four monthly settlement tranches as measured against the Benchmark Price (as defined herein). If, at the time of settlement, the Settlement Price (determined monthly based on a volume-weighted average price for twenty trading days prior to the settlement date) (the ‘Settlement Price‘) exceeds the benchmark price of $0.1949 (the ‘Benchmark Price‘), the Company shall receive more than one-hundred percent of the monthly settlement due, on a pro-rata basis. There is no upper limit placed on the additional proceeds receivable by the Company as part of the monthly settlements. If, at the time of settlement, the Settlement Price is below the Benchmark Price of $0.1949, the Company will receive less than one-hundred percent of the monthly settlement due on a pro-rata basis. In no event will a decline in the Settlement Price of the Units result in an increase in the number of Units being issued to Sorbie.

The Units issued to subscribers in the first tranche of the Offering were issued pursuant to the listed issuer financing exemption (the ‘Listed Issuer Financing Exemption‘) under Part 5A of National Instrument 45-106 – Prospectus Exemptions (‘NI 45-106‘). As a result, they are not subject to statutory hold periods. In connection with the Listed Issuer Financing Exemption, the Company has prepared and filed an offering document related to the Offering that is available under the Company’s profile on SEDAR+ at www.sedarplus.ca and on the Company’s website at: www.questcorpmining.ca. Prospective investors should read this offering document before making an investment decision. No finders’ fees or commissions were paid in connection with completion of the first tranche of the Offering, but Sorbie received a corporate finance fee in the amount $130,000 payable through the issuance of 866,667 Units at price of $0.15 per Unit.

The Company anticipates completing a further tranche of the Offering for up to a further 9,333,000 Units, to bring combined gross proceeds from the Offering to $3,500,000. The Company anticipates that the remaining Units will be offered to subscribers pursuant to the accredited investor exemption (the ‘Accredited Investor Exemption‘) under Section 2.3 of NI 45-106. All securities issued pursuant to the Accredited Investor Exemption will be subject to restrictions on resale for a period of four-months-and-one-day in accordance with applicable securities laws. In connection with completion of the remaining tranche of the Offering, the Company may pay finders’ fees to eligible third-parties who have introduced subscribers to the Offering. Completion of a final tranche of the Offering remains subject to receipt of regulatory approvals.

About Questcorp Mining Inc.

Questcorp Mining Inc. is engaged in the business of the acquisition and exploration of mineral properties in North America, with the objective of locating and developing economic precious and base metals properties of merit. The Company holds an option to acquire an undivided 100% interest in and to mineral claims totaling 1,168.09 hectares comprising the North Island Copper Property, on Vancouver Island, British Columbia, subject to a royalty obligation. The Company also holds an option to acquire an undivided 100% interest in and to mineral claims totaling 2,520.2 hectares comprising the La Union Project located in Sonora, Mexico, subject to a royalty obligation.

Contact Information

Questcorp Mining Corp.
Saf Dhillon, President & CEO
Email: saf@questcorpmining.ca
Telephone: (604) 484-3031

This news release includes certain ‘forward-looking statements’ under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to the intended use of proceeds from the Offering. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: the ability of Riverside to secure geophysical contractors to undertake orientation surveys and follow up detailed survey to confirm and enhance the drill targets as contemplated or at all, general business, economic, competitive, political and social uncertainties, uncertain capital markets; and delay or failure to receive board or regulatory approvals. There can be no assurance that the geophysical surveys will be completed as contemplated or at all and that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/271978

News Provided by Newsfile via QuoteMedia

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– Progressive stars Rep. Alexandria Ocasio-Cortez, D-N.Y., and Sen. Bernie Sanders, I-Vt., are teaming up with New York City mayoral candidate Zohran Mamdani Sunday night for a ‘New York is not for sale’ rally at Forest Hills Stadium in Queens, New York City.

The high-profile campaign event comes nearly one week before Election Day, as New Yorkers head to the polls for the first weekend of early voting, closing out a contentious mayoral battle where Mamdani’s unanticipated success has landed him on the national stage.

‘Zohran Mamdani is modeling a different kind of politics,’ Sanders, the former Democratic presidential candidate and longtime progressive leader, said in a statement ahead of the rally. 

The trio of self-identified Democratic socialists have invigorated the Democratic Party’s progressive base at a time when Democrats are still grappling with devastating losses in 2024 amid growing discontent with President Donald Trump’s sweeping, second-term agenda.

When Sanders and Ocasio-Cortez teamed up for the ‘Fighting Oligarchy’ tour earlier this year, they sparked sizable buzz, firing up thousands of Democrats at rallies across the United States who had been left without a clear party leader.

‘As mayor, he will not run a top-down, billionaire-funded, consultant-driven administration. Instead, Zohran will be a champion for the working people of New York,’ Sanders said.

Both Sanders and Ocasio-Cortez have campaigned alongside Mamdani in his bid to lead the nation’s most populous city. 

On Friday night, Sanders appeared for a virtual ‘Get Out the Vote’ event with Mamdani. Last month, Sanders and Mamdani teamed up for a ‘Fighting Oligarchy’ town hall in Brooklyn. 

Ahead of the Brooklyn town hall event, the two progressive leaders marched alongside union members in Manhattan’s Labor Day parade. That afternoon, Mamdani posed for a photo with Sanders and Ocasio-Cortez in Astoria, Queens, amassing millions of views.

Sanders, a two-time Democratic presidential nominee runner-up, was an early endorser of Mamdani’s primary campaign, along with Ocasio-Cortez. Their endorsements helped Mamdani consolidate progressive support in the 11-candidate field during the final weeks of the primary race.

Mamdani’s primary upset triggered a political earthquake as the democratic socialist handily defeated former Gov. Andrew Cuomo, who was widely expected to secure the Democratic nomination.

Mamdani’s cross-endorsement with fellow progressive New York City Comptroller Brad Lander cleared the path for Mamdani to consolidate support against Cuomo through ranked-choice voting. 

Cuomo has since launched an independent campaign, teeing up a competitive and contentious general election battle. 

Since Mamdani secured the Democratic nomination, Trump has labeled him a ‘100% Communist Lunatic,’ and ‘my little communist,’ ushering Mamdani onto the national political stage. Mamdani has rejected the moniker, maintaining that he identifies as a democratic socialist, like Sanders and Ocasio-Cortez. 

As Trump began criticizing Mamdani, New York Democrats chose to withhold their endorsements of the socialist candidate, who has made a slew of ambitious campaign promises, like fast and free buses, city-run grocery stores and free childcare, all of which he plans to pay for by raising taxes on corporations and the top 1% of New Yorkers. 

After months of withholding their endorsements, Gov. Kathy Hochul finally endorsed Mamdani last month and House Minority Leader Hakeem Jeffries finally affirmed his support in a statement Friday. Senate Minority Leader Chuck Schumer has still yet to endorse. 

Pressure had been mounting since Mamdani won the Democratic primary in June for Mayor Eric Adams, who was also running as an independent, or Cuomo to drop out of the race to consolidate support against Mamdani. Adams dropped out of the race and endorsed Cuomo on Thursday. 

That pressure reached a boiling point last week as billionaires, including Red Apple Media CEO John Catsimatidis and hedge fund CEO Bill Ackman, called on Republican nominee Curtis Sliwa to drop out of the race in order to clear a pathway to victory for Cuomo.

The latest Fox News survey, conducted Oct. 10-14, ahead of the first general election debate last week, revealed that Mamdani has a substantial lead in the race. According to the poll, Mamdani has a 21-point lead among New York City registered voters with 49% of voters backing Mamdani, while 28% go for Cuomo and 13% favor Sliwa.

Mamdani also rose above the 50% threshold among likely voters, garnering 52% support, while Cuomo picked up 28%, and Sliwa received just 14%.

This post appeared first on FOX NEWS

The gold price declined from its recent all-time highs this week, sinking to nearly US$4,000 per ounce and recording its biggest one-day decline in more than 12 years.

Silver took a similar hit, slipping back below the US$50 per ounce level.

The drops have been attributed to factors like a stronger US dollar and lower US-China tensions, as well as profit taking, potentially from traders who are new to the market.

Many experts have been anticipating a correction for the metals — their latest rise has been quick, and no asset can go straight up forever.

However, there’s also a broad consensus that gold has entered a new phase. For example, Patrick Tuohy of Goldstrom believes gold won’t fall below US$3,000 again.

Here’s what Tuohy said:

‘Is this a short-term phenomenon that’s going to have some some dynamics that are going to turn it on its head and it reverses 50, 60 percent? I don’t believe that is the case. I think within our group … the consensus is that it’s unlikely that we’ll see gold below US$3,000 again in our lifetimes. So let’s say that that’s the floor. That’s a fairly significant move from where we were two years ago. So that’s comfortable.’

Next week, all eyes will be on the US Federal Reserve, which is set to meet from October 28 to 29. CME Group’s (NASDAQ:CME) FedWatch tool shows strong expectations for another interest rate cut.

While the release of US government data has been affected by the ongoing shutdown, September consumer price index numbers were released on Friday (October 24).

The report was the first major piece of federal economic data to come out since the shutdown began, and it has confirmed expectations of another rate reduction.

Bullet briefing — What’s next for gold and silver?

Gold and silver prices perked up to end the week, rising to the US$4,100 and US$48.60 levels, respectively. But with the metals still off from their all-time highs, investors are wondering what’s next.

Opinions vary, but I’ve pulled together a couple of quotes that illustrate what I’m hearing.

First is Ed Steer of Ed Steer’s Gold and Silver Digest. He’s well known for his commentary on the precious metals space, and he weighed in on what’s next for silver, saying that today really is different compared to the other times silver rose to the US$50 level.

Here’s how he explained it:

‘It’s irrelevant what the price is today. You look at the big picture, and look at the fact that the BRICS+ have become an absolutely awesome juggernaut, and it’s absolutely unstoppable. And as we shift from the west to the east, as this continues economically, financially, it’s impossible to say where this is going to end up.

‘But what we’re living right now is we’re living through a major, major shift in financial power, from one area of the world to another, and we’re going to be — they’re going to be writing about this 1,000 years from now. So we’re living through history.’

Next we have Don Durrett of GoldStockData.com. This interview is from the week before last, so it’s a little older, but definitely still relevant. I’ve kept thinking about a comment Durrett made about one way we can tell the gold cycle is still early. This is what he said:

The thing that really reveals how early we are is the stock market is only 2 percent from an all-time high. What in the world is the stock market doing at an all-time high and gold at an all-time high? Those are antagonistic. Gold is supposed to be a hedge against uncertainty. The stock market is supposed to show basically confidence.

And so if you have an all-time high, people should be confident. Everything’s fine. We don’t need this. But people are not confident. People have said this is the most scary bull market ever. Nobody really believes in it, right? … So the question is, who’s telling the truth? Is the stock market telling the truth at an all time high, or is it gold is telling the truth? Well, it’s pretty obvious that gold’s the one telling the truth.

In It To Win It interview

Finally, if you’d like to hear more from me, I was recently interviewed by Steve Barton of In It To Win It.

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

This post appeared first on investingnews.com

In his Oct. 13 address to Israel’s Knesset in Jerusalem, President Donald Trump upset Israeli leftists when he called for Israel’s largely ceremonial President Isaac Herzog to use his one actual power – the power of pardon – and pardon Prime Minister Benjamin Netanyahu. Netanyahu has been on trial for more than five years on absurd charges regarding cigars and champagne he received over 20 years ago from old friends.

Those charges fell apart in the opening months of the trial as one prosecution witness after another exposed the emptiness of Israel’s Netanyahu-hating prosecutors’ indictments against the country’s longest-serving and most successful leader. All the same, the Netanyahu-hating judge presiding over the trial is now requiring Netanyahu to appear in court three days a week for a total of 24 hours a week to testify.

Leftists in Israel dominate the country’s media and legal fraternity, much as they do in America. And they were incensed that President Trump dared to interfere in Israel’s ‘internal affairs.’ One anchorman referred to Trump’s call for a pardon as ‘disgusting, and revolting.’

But the truth is that by asking Israel’s left-leaning president to put an end to Israel’s Deep State’s assault on Netanyahu, Trump was defending America’s national interests.

This is true for two reasons.

First, the corrupt legal authorities involved in the trial are abusing their power over Netanyahu in a way that undermines American interests.

On Wednesday, just two days after President Trump gave his address, Netanyahu was back in the courtroom in Tel Aviv. He had asked the judges to let him delay his testimony so that he could hold certain meetings. The judges and prosecutors demanded to know what meetings could possibly justify delaying his testimony. He explained one was highly classified, and they demanded to know what it was about.

Within hours of the exchange, the story leaked that Netanyahu was scheduled to meet secretly with the president of Indonesia. The leader of the largest Muslim state in the world, President Prabowo Subianto, was scheduled to pay a top-secret trip to Jerusalem as a step toward opening diplomatic relations with Israel. This was to be one of the most important fruits of Israel’s U.S.-supported victory in its seven-front war against Iran and its axis of terror. But thanks to Israel’s corrupt legal fraternity, the meeting leaked to their press allies and President Subianto stayed away.

President Trump made clear in his speech that expanding the circle of peace between Israel and the Islamic world is a chief U.S. goal. Israel is America’s most powerful ally in the troubled Middle East. Trump sees it as an essential U.S. interest that the Arab and Islamic world accept Israel as a permanent entity and an allied state. But for Israel’s politicized Deep State, undermining and humiliating Netanyahu by chaining him to a courtroom and subverting his diplomatic actions is apparently more important.

These radical jurists must be stopped not only for Netanyahu to be able to devote himself entirely to serving his country, they need to be stopped to enable President Trump to secure America’s goals in the Middle East.

The second reason that ending this farce of justice against Netanyahu is in the United States’ interests is that there is a link between the forces of political warfare and lawfare in Israel and the U.S. If you scratch just beneath the surface, you’ll doubtlessly find that for the same billionaire agents of anarchy, who funded and brought the unprecedented lawfare against both President Trump and Prime Minister Netanyahu, working to undo Israel as a key way to unravel American society. For example, the Tides Foundation funds radical groups, including pro-Hamas protesters in America, and it funds groups involved in the protests and riots and political violence in Israel.

Tides is one of several foundations whose actions in the U.S. and Israel are the subject of multiple congressional investigations. One of the investigations focuses on well-documented claims that the billion-dollar, multi-year effort to criminalize Netanyahu that engulfed Israel in political instability for years, was funded in part by the Biden administration. That investigation must continue and the U.S. government officials who funded and facilitated political chaos in Israel should be forced to account for their actions.

Even more importantly, the IRS should investigate how U.S. non-profits groups that enjoy U.S. tax exemption valued in millions of dollars have abused their status to fund political violence, insurrection, and mayhem in Israel. In some cases, according to Hamas’s own internal documents, these U.S.-based non-profit-funded groups’ campaigns convinced the genocidal terror group that Israel was ripe for annihilation on October 7, 2023.

In his historic speech in Jerusalem, President Trump laid out great plans for building a new Middle East that will join Israel’s genius and power to the oil-wealth of its neighbors and transform the Middle East into a driver of global prosperity under American leadership. Trump would have been hard-pressed to lead this momentous undertaking if the Deep State were still persecuting him, his top aides and his children.

Netanyahu has miraculously been able to lead Israel to one of the most important military victories in its history. With Trump’s assistance, Israel destroyed Iran’s axis of terror across seven fronts. Netanyahu achieved this while forced to spend days on end in a courtroom answering asinine questions from shameless prosecutors before brazen judges.

Imagine what Netanyahu and President Trump would be able to do together if Netanyahu doesn’t have to spend 24 hours per week in a courtroom.

President Trump was right to ask President Herzog to put an end to the madness that is Prime Minister Netanyahu’s trial. And he would be right to order the IRS to start investigating the role American non-profits have played and continue to play in destabilizing Israel and corrupting its legal system. Israel’s leftists, like their American funders, may not like President Trump for doing it, but generations of Americans, Israelis, and peoples of the wider Middle East will thank him.

This post appeared first on FOX NEWS

Target said Thursday that it is eliminating about 1,800 corporate positions in an effort to streamline decision-making and accelerate initiatives to rebuild the flagging discount retailer’s customer base.

About 1,000 employees are expected to receive layoff notices next week, and the company also plans to eliminate about 800 vacant jobs, a company spokesperson said. The cuts represent about 8% of Target’s corporate workforce globally, although the majority of the affected employees work at the company’s Minneapolis headquarters, the spokesperson said.

Chief Operating Officer Michael Fiddelke, who is set to become Target’s next CEO on Feb. 1, issued a note to personnel on Thursday announcing the downsizing. He said further details would come on Tuesday, and he asked employees at the Minneapolis offices to work from home next week.

“The truth is, the complexity we’ve created over time has been holding us back,” Fiddelke, a 20-year Target veteran, wrote in his note. “Too many layers and overlapping work have slowed decisions, making it harder to bring ideas to life.”

Target, which has about 1,980 U.S. stores, lost ground to Walmart and Amazon in recent years as inflation caused shoppers to curtail their discretionary spending. Customers have complained of messy stores with merchandise that did not reflect the expensive-looking but budget-priced niche that long ago earned the retailer the jokingly posh nickname “Tarzhay.”

Fiddelke said in August when he was announced as Target’s next CEO that he would step into the role with three urgent priorities: reclaiming the company’s position as a leader in selecting and displaying merchandise; improving the customer experience by making sure shelves are consistently stocked and stores are clean; and investing in technology.

He cited the same goals in his message to employees, calling the layoffs a “necessary step in building the future of Target and enabling the progress and growth we all want to see.”

“Adjusting our structure is one part of the work ahead of us. It will also require new behaviors and sharper priorities that strengthen our retail leadership in style and design and enable faster execution,” he wrote.

Target has reported flat or declining comparable sales — those from established physical stores and online channels — in nine out of the past 11 quarters. The company reported in August that comparable sales dipped 1.9% in its second quarter, when its net income also dropped 21%.

The job cuts will not affect any store employees or workers in Target’s sorting, distribution and other supply chain facilities, the company spokesperson said.

The corporate workers losing their jobs will receive pay and benefits until Jan. 8 as well as severance packages, the spokesperson said.

This post appeared first on NBC NEWS

A group that includes activist investor Jana Partners and NFL player Travis Kelce says it has accumulated one of the largest ownership stakes in Six Flags Entertainment and intends to press the company’s leadership on ways to improve the struggling amusement park operator’s business.

Jana said Tuesday that the investor group now owns an economic interest of approximately 9% in Six Flags. The group plans to ‘engage’ with Six Flags’ management and board of directors to discuss ways to enhance shareholder value and improve visitors’ experience.

Shares in the Charlotte, North Carolina-based Six Flags surged 17.7% on the news. The shares added another 5.1% gain in after-hours trading. Even with Tuesday’s rally, the company’s shares are down about 47% so far this year.

Six Flags reported a loss of $319.4 million for the first half of the year. The company said attendance fell 9% in the three months that ended June 29, due partly to bad weather and a ‘challenged consumer’ in most of the markets it operates in.

The investor group also includes consumer executive Glenn Murphy and technology executive Dave Habiger.

Kelce, tight end for the Kansas City Chiefs, said in a statement that he grew up going to Six Flags amusement parks.

‘The chance to help make Six Flags special for the next generation is one I couldn’t pass up,’ he said.

This post appeared first on NBC NEWS

A federal judge struck down a Biden-era rule that expanded federal anti-discrimination measures to transgender healthcare, writing that the Department of Health and Human Services (HHS) ‘exceeded its authority by implementing regulations redefining sex discrimination and prohibiting gender identity discrimination.’

The ruling from Judge Louis Guirola Jr. of the U.S. District Court for the Southern District of Mississippi came after a coalition of 15 Republican-led states sued over the matter, according to The Hill.

‘When Biden-era bureaucrats tried to illegally rewrite our laws to force radical gender ideology into every corner of American healthcare, Tennessee stood strong and stopped them,’ Tennessee Attorney General Jonathan Skrmetti said in a statement following the ruling. ‘Our fifteen-state coalition worked together to protect the right of healthcare providers across America to make decisions based on evidence, reason, and conscience.’

‘This decision restores not just common sense but also constitutional limits on federal overreach, and I am proud of the team of excellent attorneys who fought this through to the finish,’ he added.

Skrmetti’s office said the U.S. District Court for the Southern District of Mississippi held that HHS ‘exceeded its authority when it issued a rule in May 2024 redefining Title IX’s prohibition against discrimination ‘on the basis of sex’ — which Congress incorporated into the ACA through Section 1557 — to include gender identity.’

‘HHS’s 2024 rule represented a disturbing federal intrusion into the States’ traditional authority to regulate healthcare and make decisions about their own Medicaid programs. Specifically, the rule would have prohibited healthcare facilities from maintaining sex-segregated spaces, required certain healthcare providers to administer unproven and risky procedures for gender dysphoria, and forced states to subsidize those experimental treatments through their Medicaid programs,’ it continued. ‘In vacating the rule, Judge Louis Guirola determined that when Congress passed Title IX in 1972, ‘sex’ meant biological sex and that federal agencies cannot unilaterally rewrite laws decades later to advance political agendas.’

The states involved in the lawsuit were Tennessee, Mississippi, Alabama, Georgia, Indiana, Kansas, Kentucky, Louisiana, Nebraska, Ohio, Oklahoma, South Carolina, South Dakota, Virginia, and West Virginia.

The rule was first created under the administration of former President Barack Obama in 2016, before President Donald Trump reversed it in his first term and then former President Joe Biden reversed it again, The Hill reported. 

Guirola’s ruling said HHS ‘exceeded its authority by implementing regulations redefining sex discrimination and prohibiting gender identity discrimination.’ 

The judge vacated the rule universally, but the rule had already been prevented from going into effect. It has been stayed since July 2024, according to Bloomberg Law. 

This post appeared first on FOX NEWS