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This year’s Super Bowl matchup between the New England Patriots and Seattle Seahawks was not predicted by many NFL fans before the season began, and it’s become a problem for the league’s exclusive supplier of Nike adult products and one of the country’s largest online apparel retailers.

Fanatics issued an apology on Monday, Feb. 2, ahead of Super Bowl 60 after complaints about jersey availability and quality from Seahawks and Patriots fans. The backlash even sparked an #endfanatics hashtag on social media with consumers posting photos of jerseys that were allegedly of poor quality.

The company eventually acknowledged it could not keep up with demand in recent weeks, but pushed back on alleged issues regarding product quality associated with its Super Bowl gear.

‘We’ve let Patriots and Seahawks fans down with product availability – we own that and we are sorry,’ Fanatics said in a statement posted to social media.

The company went on to note that this predicament is, in part, due to the limited on-field expectations the Seahawks and Patriots had before the season began.

‘This Super Bowl matchup has created unprecedented challenges for us because of the massive surge in demand we saw from Patriots and Seahawks fans,’ Fanatics wrote. ‘Both teams went from missing the playoffs last season to being in the Super Bowl, an incredibly rare occurrence that led to these two fanbases buying nearly 400% more jerseys since Thanksgiving vs. last year. Even though we ordered substantially more jerseys for these teams than ever before, we’ve struggled to meet the overwhelming demand to keep team color jerseys in stock, which we know is your expectation. As sports fans, we understand your frustration and we will work tirelessly to be better.’

But Fanatics emphasized that its available alternate jersey options are identical to its standard Nike replica game jerseys, ‘despite some unflattering photos’ featured on social media. Fanatics added customers can still return any product they’re not fully satisfied with free of charge, as has been the company’s long-standing policy.

The NFL and Fanatics agreed to a 10-year partnership in 2018 that granted Fanatics exclusive consumer product licensing rights to manufacture and distribute all Nike NFL adult products (jerseys, sideline apparel and fan gear) sold through the retail community, including NFLShop.com and NFL teams. The NFL has also invested more than $400 million in Fanatics over the past decade.

This post appeared first on USA TODAY

SACRAMENTO — The Sacramento Kings had a chance to welcome newly acquired forward De’Andre Hunter to California’s capital during their Tuesday practice following a Jan. 31 trade which sent Keon Ellis and Dennis Schroder to the Cleveland Cavaliers.

Hunter, 28, was acquired in the trade to be a potential piece for the Kings’ future as general manger Scott Perry retools the roster with aspirations of establishing a winning culture.

Hunter, who will make $23.3 million this season as part of a four-year $90 million rookie contract extension he signed with the Hawks in 2022, expressed his excitement to get going in Sacramento and becoming acclimated with his new team.

‘It’s good energy here,’ Hunter told reporters after his first Kings practice. ‘A lot of great coaches that have a lot of experience in the league. Very experienced players who have been here in the league for a while, I’m just excited for a new opportunity.’

Hunter, a 6-foot-7, 221-pound swingman, is averaging 14 points, 4.2 rebounds and 2.1 assists in 26.2 minutes per game so far during the 2025-26 regular-season.

Through 43 games, Hunter has shot the ball at a 42.3% rate on field goals. He shoots 30.8% from deep and is a solid free throw shooter at 86.9%.

Defensively, he averages 0.7 blocks and 0.1 steals per game.

Hunter told USA TODAY Sports what he intends to bring to the Kings as he becomes engulfed in the basketball culture in Sacramento.

‘Just versatility, on both ends,’ Hunter said. ‘A guy that plays hard, a guy that’s gong to do what the team needs. I feel like that’s kind of what everyone says but night in, night out I’m going to give my best effort.’

Hunter’s versatility will allow the Kings to play him at the three (small forward) or experiment playing him at the four (power forward).

For Hunter, it’s nothing new.

‘I don’t think there’s much difference in the league right now,’ he said. ‘A lot the threes play four when guys go small, teams go small. I don’t see much of a difference, but I’m very comfortable playing both, I’ve been doing it for the past four or five years. It’s not really difficult to adjust to.’

He’s most likely going to play alongside Kings forward Keegan Murray.

The team announced Tuesday that Murray is progressing in his rehabilitation of a moderate left ankle sprain he suffered in their loss against the Milwaukee Bucks on Jan. 4.

‘Murray has been approved for on-court contact activities. He will be reevaluated in two weeks,’ the Kings said in a news release.

Hunter anticipates playing with Murray because their abilities to do some of the same things on the floor.

‘Playing with a guy like Keegan, he’s another versatile guy who can defend, who can shoot, who can score. I think it’ll be fun,’ Hunter said. ‘Definitely (exciting). Like I said, he’s another guy with size, another guy that guard one through four. As a guy that could do that, it’s always good to see another dude on the court that can help you out when you’re a little tired.’

Kings head coach Doug Christie was all smiles when discussing the acquisition of Hunter.

‘Super excited man,’ Christie told reporters. ‘The weather didn’t allow us to practice on the road, but got up and down a little bit. Watching him on the defensive end makes me smile. Elite length, athleticism, knowing that he can stretch the floor and shoot the three-ball, has midrange, like just a really, really good player. A smart player, very heady, as far as the communication. We’ll get him in a game, [I’m] excited to see him get out there.’

Christie, too, envisions a lineup that will feature both Hunter and Murray, when he’s back from injury. When asked about the possibility, he grinned from cheek-to-cheek.

‘Both of their size and athleticism allows you to you to guard across the board,’ Christie said. ‘They can switch if there’s a matchup that you like more. But definitely, his size and his ability to guard can keep Keegan at the three.’

He added: ‘I’m just excited to see them. When you think about it, you have two long wings, both of them can shoot the basketball, both of them can guard pretty much one through five, rebounding, cutting, midrange and they both play the right way, for the right reasons. They are team players. They’re going to move the basketball, move their body when we talk about next actions, when we talk about crashing [for rebounds] all of the little things that equate to winning, both of them do so really excited to see them out there together.’

Hunter said that he hadn’t had many interactions with Perry, Kings general manager, but was told by Perry that he had him on his radar for many years and that Perry ‘sees potential’ in him.

‘He knows a few people that I know. I heard through the grapevine what kind of guy he is and vice versa. I think that played a huge part in me coming here. I’m excited to get to know the guys and get acclimated to the city,’ Hunter said. ‘It was more so just talking about how he previously wanted me. In previous years but we at a different team so he couldn’t make it happen but he was just really glad that he could make this happen. He sees potential in me, he knows the things I can do, just looking to do that.’

Hunter is ready to work and provide a spark for Kings basketball. No one is asking more of Hunter than himself.

‘I have my own expectations,’ he said. ‘I feel like my own expectations are higher than what anyone else expects of me. I just try to hold myself to a standard.’

As far his new city and getting used to his surroundings, Hunter looks forward to seeing what Sacramento has to offer.

‘I never did much here honestly, so I don’t really know about the city,’ Hunter said about his knowledge of Sacramento as a visiting player. ‘I usually stay in the hotel because we usually come here on a long west coast trip. I’m excited to get out there and probably get some recommendations from some people on what to do and where to eat and stuff.’

This post appeared first on USA TODAY

This time it came down to a missed fadeaway 3-pointer from Buffalo’s Ryan Sabol to win 73-71 after the 24th-ranked Redhawks (23-0, 11-0 in MAC play) were unable to go up 5-points on a pair of missed free throws from Luke Skaljac, who finished with a team-high 19 points on 9-of-15 shooting from the field and five steals, four rebounds and three assists.

It’s the second time in the last two and a half weeks that Miami was able to escape an upset against Buffalo.

The way Miami’s game played out — a missed free throw and having the other team go short on a game-winning 3-point attempt — was its second close call in the last seven days, with the other being an 86-84 win over UMass on Tuesday, Jan. 27.

It also marked the fourth single-digit win in the last five games for the Redhawks, with two of them coming against the Bulls.

‘The results will take care of themselves if our process is right,’ Miami coach Travis Steele told USA TODAY Sports’ Craig Meyer recently on the Redhawks’ run. ‘It may not always happen immediately, but eventually it will figure itself out. That’s why our guys have been so loose. We feel no pressure, none. Our guys are enjoying it. We’re having fun on this journey together.’

Miami will look to extend its 23-game win streak on the road in Huntington, West Virginia against Marshall at 4 p.m. ET on Saturday, Feb. 7.

Miami Ohio basketball 2026 schedule

Here’s who the RedHawks have left on their schedule:

All times Eastern

  • Feb. 7: at Marshall, 4 p.m. (ESPN+)
  • Feb. 13: vs. Ohio, 8 p.m. (ESPNU)
  • Feb. 17: at UMass, 7 p.m. (ESPN+)
  • Feb. 21: vs. Bowling Green, 3:30 p.m. (ESPN+)
  • Feb. 24: at Eastern Michigan, 6:30 p.m. (ESPN+)
  • Feb. 28: at Western Michigan, 2:30 p.m. (ESPN+)
  • March 3: vs. Toledo, 7 p.m. (ESPN+)
  • March 6: at Ohio, 7 p.m. (ESPN+)
  • March 12-14: MAC Tournament, at Cleveland

The USA TODAY app gets you to the heart of the news — fastDownload for award-winning coverage, crosswords, audio storytelling, the eNewspaper and more.

This post appeared first on USA TODAY

Speaking against a backdrop of record-high gold and silver prices, Fabi Lara, creator of the Next Big Rush, delivered a timely reality check at this year’s Vancouver Resource Investment Conference.

Addressing a packed room that included a noticeable influx of first-time attendees, she urged investors to balance excitement with discipline as the commodities bull market accelerates.

Lara framed her talk around advice she would give her daughter based on hard-earned lessons from more than a decade in the resource sector, including surviving long stretches of disappointment before a surge.

“What we’re going through this year is not normal,” she said. “We’re not usually this fat and happy and joyful. This is completely outside of what the last number of years have been.”

Lara, often dubbed the “uranium girl” for her early conviction in the sector’s 2021 to 2022 rally, drew parallels between uranium’s past run and current moves in the gold and silver market.

Prices, she warned, are rising so fast that even seasoned investors are uneasy.

“The price is moving too quickly,” she said, noting that her presentation charts were outdated almost as soon as they were prepared. “That’s how quickly this market is moving.”

During the conference, which ran from January 25 to 26, gold breached US$5,000 per ounce, while silver reached triple digits, continuing on even higher as the week continued. Ultimately, those high levels proved as unsustainable as Lara anticipated — by Monday (February 2) gold was sitting in the US$4,600 range, while silver was at US$79.

What stage is the market in?

While some investors see parabolic prices as a signal to exit entirely, Lara cautioned against all-or-nothing thinking. Instead, she emphasized understanding where the market sits within the broader arc of a bull cycle.

Referencing Doug Casey’s framework, she outlined three phases: the stealth stage, the wall of worry and the mania.

In her view, today’s market sits uncomfortably between the latter two.

“Some people think we’re already in mania because of the price,” Lara said. “I don’t think we’re quite there yet.”

She pointed to lagging indicators, including subdued valuations across the TSX Venture Exchange and conservative assumptions in mining feasibility studies, as signs that the cycle still has room to run.

That said, Lara acknowledged the risks of complacency.

She recounted stories of investors who rode bull markets too long, only to find “no bids” when they tried to exit. Her solution: gradual repositioning. “Don’t wait too long,” she said. “Start to leave your positions slowly.”

For her own portfolio — and hypothetically, for her daughter’s — Lara favors selling in thirds rather than making dramatic moves. Trimming positions can relieve pressure without sacrificing exposure to further upside. Fully exiting, she warned, risks missing the very payoff investors have waited years to see.

Equally important is what happens after selling. Holding large amounts of cash, Lara admitted, doesn’t suit every personality, especially active speculators.

To impose discipline, she has redirected some profits into dividend-paying oil stocks held in a separate account. “You get paid to wait,” she said, calling oil historically cheap by multiple measures.

Beyond precious metals, Lara highlighted emerging areas of interest among veteran investors.

Copper is getting increasing attention, and will likely receive more if prices stay stable. Nickel remains overlooked, while oil continues to offer a combination of value and income that contrasts sharply with the volatility of junior miners.

Ultimately, Lara framed successful investing as a psychological exercise as much as an analytical one.

“Doing this well is a result of greed and fear,” she said. “In a bear market, you need to be greedy. In a bull market, you need to be somewhat fearful.”

Her closing message for newcomers and longtime investors: participate, but don’t lose perspective. Bull markets reward patience and punish excess.

“We’re all salespeople, including me,” Lara reminded the audience. “So don’t believe everything you hear.”

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

This post appeared first on investingnews.com

Joe Cavatoni, senior market strategist, Americas, at the World Gold Council, breaks down gold’s record-setting run past US$5,500 per ounce as well as its correction.

‘At the end of this, you’re looking at a lot of people who were pushing the price higher — speculative in nature — pulling back and taking money off the table,’ 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

Elon Musk’s Neuralink has captured the public’s attention and imagination with its futuristic vision of connecting the human brain to computers.

Neuralink has drawn interest to the brain computer interface (BCI) sector with its N1 implant, which is undergoing human trials in patients with spinal cord injuries (SCIs) and ALS.

Musk’s company is far from the only one developing BCI tech to assist users with conditions such as SCIs, ALS and neurological disorders.

‘The number of new firms entering the space and the amount of venture funding being distributed to startups surpasses any other product category we have seen in the 25 years we have been covering the neurotechnology industry,’ Neurotech Reports stated in June 2025.

As Neuralink continues to make strides, investors are wondering how to get a piece of the action by investing in the neurotechnology venture.

Because it is privately held, Neuralink stock isn’t accessible to the average person — but that doesn’t mean it’s impossible to get exposure to this future-looking medical research company. Read on to learn how to participate in the growth of this exciting business, and other BCI firms you can invest in.

In this article

    What is Neuralink?

    Neuralink is a neurotechnology startup that was founded in 2016 by Tesla (NASDAQ:TSLA) CEO Musk and a team of eight scientists and engineers in 2016.

    It was first reported on in 2017, and two years later, in June 2019, the company held and streamed its public launch event to showcase the technology it is developing: an innovative brain-computer interface.

    Instead of using traditional electrodes, which, according to a company whitepaper, can be bulky and damaging to brain tissue, Neuralink’s BCI uses “ultra-thin threads” that are implanted into the brain using a robotic device that resembles a sewing machine. Once implanted, the electrodes develop a BCI, stimulating the brain and monitoring activity, and the threads connect to a custom-designed chip that can read data from groups of neurons.

    Musk announced the coin-sized Telepathy chip, with over 1,000 electrodes 20 times finer than hair, in January 2024.

    Potential uses of BCI technology include helping paralyzed individuals regain control of their limbs and restoring vision. Musk told his audience during Neuralink’s 2019 launch event that this technology could have a wide range of applications in medicine, such as restoring sensory and motor function in people with spinal cord injuries or neurological disorders. Additionally, an early goal of development is translating neuron signals into computer commands, which would allow humans to control devices like computers and smartphones with their brainwaves.

    Musk has claimed that BCI could even facilitate direct communication between humans and machines, although some members of the neuroscientific community are skeptical.

    Other experts have suggested that Neuralink’s work is not necessarily novel, as Dr. Jason Shepherd, an associate professor of neurobiology at the University of Utah, told Business Insider in 2020. “All the technology that he showed has been already developed in some way or form,’ he said. ‘Essentially, what they’ve done is just package it into a nice little form that then sends data wirelessly.”

    Other experts in the field have ethical concerns about how Neuralink is conducting its clinical trials and the broader implications of disregarding established standards.

    “If you decide to play with fire in a house, you increase the risk threshold not only of yourself but of the whole house,” Marcello Ienca, a professor of ethics of AI and neuroscience at Technical University of Munich, told Forbes in 2024. “My fear is that Neuralink’s disregard for the ethical aspects of their technology may cause a backfire effect for the entire neurotechnology community.”

    How much is Neuralink worth?

    Neuralink was valued at around US$9.7 billion as of June 2025, but as a privately held business, much of its financial information is kept under wraps. That said, US Securities and Exchange Commission (SEC) documents containing information about its funding rounds provide some insight.

    The earliest came in 2017, when the company raised US$27 million out of a planned US$100 million in a Series A funding round. In April 2019, SEC filings show the company acquired US$39 million out of a planned US$51 million in a Series B funding round. A limited amount of information has been made available to the public, and the identities of the investors have not been publicly disclosed. However, some news outlets have speculated that funding could have come from a combination of venture capitalists, or from Musk himself and the Neuralink team.

    In 2021, Neuralink received what was then its largest amount of money to date, raising US$205 million in a funding round led by tech investment firm Vy Capital. Other participants included Google Ventures, the venture capital arm of Alphabet (NASDAQ:GOOGL); OpenAI CEO Sam Altman; Fred Ehrsam, co-founder of Paradigm and Coinbase Global (NASDAQ:COIN); and Ken Howery, co-founder of PayPal Holdings (NASDAQ:PYPL) and Founders Fund.

    In May 2023, as Neuralink faced public backlash over accusations of animal mistreatment, it received clearance from the US Food and Drug Administration (FDA) to run the first human trial of its brain implant. Just months later, in August, Neuralink closed a US$280 million funding round led by Founders Fund. The filing was amended in November 2023 to reflect an additional US$43 million, bringing the total to US$323 million.

    Most recently, the company announced the closure of a US$650 million Series E funding round in June 2025.

    Is Neuralink approved for human trials?

    In May 2023, Neuralink received clearance from the US Food and Drug Administration (FDA) to run the first human trials of its brain implant. The company opened a patient registry in early 2023 that allowed people who had at least one of a qualifying list of conditions to volunteer for upcoming clinical trials. It is also approved for human trials in Canada, Great Britain and the UAE.

    The first US study, dubbed PRIME — Precise Robotically Implanted Brain-Computer Interface — is specifically focused on patients with cervical spinal cord injuries or amyotrophic lateral sclerosis (ALS). It has an estimated primary completion date of January 2026 and is estimated to be fully completed by January 2031.

    The study’s first participant, a patient with quadriplegia, received the implant on January 28, 2024; Musk reported a quick recovery and ‘promising neuron spike detection’ the following day.

    A month later, Musk said the patient, who is named Noland Arbaugh, could control a cursor mentally. Arbaugh shared 100-day positives in May 2024, calling it a success over prior tech. One of the largest benefits is that it allows him to operate his computer and other devices lying down, while he needed assistance for setup and repositioning with prior devices. He explained that the change gives him more freedom to live on his own time.

    The study’s next two participants were a patient who became paralyzed following a spinal cord injury from a diving accident and another who lost use of his limbs to ALS. The company issued an update on their progress in February 2025, with all three patients touting positive changes following the procedure.

    As of January 2026, Neuralink has now implanted devices in 21 trial participants across the US, Canada, the UK and the UAE.

    The UAE-PRIME trial began recruiting in May 2025 via the Cleveland Clinic Abu Dhabi, while the GB-PRIME study launched in Great Britain two months later.

    Neuralink is also conducting the CONVOY study in the US, announced in November 2024, testing the use of the implant to control an investigational assistive robotic arm. It is open to participants of the PRIME study.

    Meanwhile, the company received FDA breakthrough device designation for Blindsight, a capability being developed to generate visual perception by activating brain areas responsible for visual function, as well as for its speech restoration technology, in 2024 and 2025, respectively. Blindsight trials aimed at restoring vision for the blind are reportedly planned to begin soon in the UAE.

    Looking ahead, Musk says the company will begin high-volume chip production in 2026. In a January update, Neuralink shared plans to improve the implant, including raising electrodes from 1,000 to 3,000. It is also investigating a change to the surgical procedure that would reduce invasiveness by inserting the implant’s threads through the dura mater, the brain’s tough outer membrane.

    How to invest in Neuralink?

    With Neuralink continuing to move forward, how can investors get a piece of this up-and-coming technology?

    The firm has yet to go public, so purchasing Neuralink stock is not an option for many investors. However, there are still ways for investors to potentially profit from Neuralink’s growth before it goes public.

    The vast majority of Neuralink’s funding has come from venture capitalists and a handful of billion-dollar companies. Investors can gain indirect exposure to Neuralink before its IPO by buying publicly traded companies that have invested in the company. This includes Alphabet (NASDAQ:GOOGL), which has funded Neuralink via its subsidiary Google Ventures. This strategy captures potential upside from Neuralink’s growth.

    Those who qualify as accredited investors could also potentially invest in a Neuralink funding round. According to the SEC, an accredited investor must have a net worth of at least US$1 million, not including the value of their primary residence, or an annual income of at least US$200,000 for individuals and US$300,000 for married couples. There must also be a reasonable expectation of the same level of income in the year of filing.

    Individuals can also qualify as accredited investors if they are investment professionals in good standing. In that case, the SEC’s guidelines indicate that they need to hold either a general securities representative license, an investment advisor representative license or a private securities offerings representative license.

    Entities like banks, insurance companies or investment firms with total assets of at least US$5 million may also qualify as accredited investors. Certain types of entities, such as private business companies and small business investment companies, may be exempt from the standard asset value requirements for accredited investor status.

    It’s also worth noting that Neuralink is just one of several companies currently working on developing BCI technology:

      The potential for BCI to impact various industries such as robotics, medicine and biotech has generated a growing amount of interest and excitement. Additionally, heightened interest in the artificial intelligence (AI) sector has led to more research and exploration in related fields, and has attracted increased investment in fields benefiting from AI advancements, including robotics and medicine.

      AI is also being used as a tool to help discover new insights and make moves that might not have been possible without its use. Scientists in California have even developed a brain implant capable of decoding and vocalizing inner speech.

      Finally, one of the simplest ways to gain exposure to Neuralink would be through an exchange-traded fund (ETF) that invests in companies related to BCI technology. While there isn’t an ETF that exclusively focuses on BCIs, there are funds that offer exposure to related themes.

      In the health sector, some options covering similar themes include medical device ETFs and the iShares Healthcare Innovation ETF (LSE:HEAL,OTCPK:BLKIF), a fund that consists of companies that are developing new and innovative healthcare technologies.

      Two other options are the Global X Robotics & Artificial Intelligence ETF (NASDAQ:BOTZ), which includes companies that are involved in the development of robotics and AI, and the ARK Innovation ETF (ARCA:ARKK), which focuses on disruptive technologies across multiple industries, including healthcare and robotics.

      As with any investment decision, it’s important to perform due diligence on available options, including comparing ETFs, to ensure they align with one’s investment goals.

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

      This post appeared first on investingnews.com

      Japan announced that it has successfully retrieved mineral-rich seabed sediment from nearly 6,000 meters below the ocean’s surface near the remote island of Minamitorishima.

      Officials say the technical milestone could help reduce the country’s dependence on China.

      The work was carried out by deep-sea drilling vessel Chikyu, which collected the sediment as part of a government-backed test program aimed at assessing the feasibility of mining rare-earths-bearing mud from the deep ocean.

      According to Japan’s Agency for Marine-Earth Science and Technology, Chikyu departed last month for Minamitorishima — about 1,950 kilometers southeast of Tokyo — and arrived at the test site on January 17.

      The first batch of sediment was recovered on February 1.

      “It is a first step toward industrialization of domestically produced rare earth in Japan,” Prime Minister Sanae Takaichi said in a statement posted on X. “We will make efforts toward achieving resilient supply chains for rare earths and other critical minerals to avoid overdependence on a particular country.”

      Rare earths are essential in the high-performance magnets used in electric vehicles, wind turbines, electronics and defense systems. China currently dominates global production and processing of heavy rare earths, giving Beijing significant influence over prices and supply, a vulnerability that has increasingly worried world governments.

      Japan’s latest test comes amid heightened geopolitical tension in the region.

      Tokyo has grown more concerned about potential supply disruptions after China recently suspended exports of certain dual-use goods to Japan. While rare earths were not explicitly named, the move raised fears that Beijing could use its control over critical minerals as leverage as it has in the past.

      Japanese researchers first identified rare-earth-rich mud deposits around Minamitorishima in the 2010s. Since then, the government has funded research, development and feasibility studies under its Strategic Innovation Promotion Program, focusing on whether those resources could support a domestic supply chain.

      The current trial is designed to test not only the ability to retrieve sediment from extreme depths, but also the logistics of deep-sea mining. Officials cautioned that the work is still at an early stage. Details such as the concentration of rare earth elements in the retrieved mud and the overall recovery rates are still being analyzed. Moving toward commercial production would require demonstrating the entire process, from seabed extraction to separation and refining.

      Japan plans to continue testing through mid-February. If the trials are successful, larger-scale demonstrations could follow, potentially including the construction of a dedicated processing facility on Minamitorishima later this decade.

      US targets rare earths security with Project Vault

      While Japan pushes deeper into rare earths supply diversification, developments in the US underscore how deeply critical minerals policies are shaping markets on both sides of the Pacific.

      On Monday (February 2), the Trump administration rolled out Project Vault, a roughly US$12 billion strategic critical minerals reserve aimed at reducing US dependence on China for rare earths and other essential metals.

      The initiative, anchored by a US$10 billion loan from the US Export‑Import Bank and about US$2 billion in private capital, is designed to stockpile strategic materials like rare earths, cobalt and lithium.

      The program’s backers say the reserve will function much like America’s Strategic Petroleum Reserve, offering a buffer against global supply disruptions and insulating manufacturers from price shocks that have plagued markets during recent US-China trade tensions. Analysts say the effort signals an ongoing shift toward industrial policy that treats critical minerals as strategic assets, even as completion details and long‑term execution remain uncertain.

      The financial markets responded quickly. Shares of Australian rare earths producer Lynas Rare Earths (ASX:LYC,OTCQX:LYSDY) rallied more than 3 percent on Tuesday (February 3), closing at AU$15.25, reflecting renewed investor interest tied to the policy news and the broader rare earth narrative.

      Lynas’ recent movements come against a backdrop of broader gains in non‑Chinese mineral producers, as investors reposition around supply chain security and government policy support.

      Rare earths stocks more generally saw upticks in the US market after the country’s critical minerals plan came into focus, with producers like MP Materials (NYSE:MP) and USA Rare Earth (NASDAQ:USAR) gaining on reports of increased government engagement in critical mineral sourcing.

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

      This post appeared first on investingnews.com

      SpaceX on Monday acquired xAI, the artificial intelligence startup that also owns the X social media platform, in a deal combining two companies owned by Elon Musk.

      Musk in a news release said that the combination would aim to pursue AI data centers in outer space.

      The deal comes on the verge of SpaceX’s highly anticipated initial public offering, which is expected to occur later this year.

      The deal creates ‘the most ambitious, vertically-integrated innovation engine on (and off) Earth, with AI, rockets, space-based internet, direct-to-mobile device communications and the world’s foremost real-time information and free speech platform,’ Musk said in a statement.

      The combined company will become the world’s most valuable private company, worth more than $1.2 trillion, Bloomberg News reported. NBC News has not been able to verify the valuation, and the companies did not respond to requests for comment.

      Musk went on to say that space would be a crucial avenue for building advanced artificial intelligence.

      ‘In the long term, space-based AI is obviously the only way to scale,’ Musk wrote. ‘The only logical solution therefore is to transport these resource-intensive efforts to a location with vast power and space.’

      Musk also offered an ambitious timeline for starting to develop AI from space. He’s failed to meet many of the previous goals he set for his companies.

      “My estimate is that within 2 to 3 years, the lowest cost way to generate AI compute will be in space,” he wrote in Monday’s news release.

      SpaceX already conducts rocket tests using reusable parts, provides cellular phone and data services to T-Mobile customers, and is working with NASA to return humans to the moon in the near future.

      Meanwhile, xAI, Musk’s bid to get in on the AI boom, has reportedly soared to a more than $200 billion valuation. Along the way, the company and its AI bot, Grok, have drawn criticism. Recently, the company limited its image generation technology after users said it was creating sexualized deepfakes. A number of state attorneys general and the European Union are investigating the company.

      Musk’s companies have often been intertwined, but Monday’s deal brings them even closer together. Another one of Musk’s companies, Tesla, has invested in xAI and uses some of its technology.

      Musk merged his social media site X with xAI in early 2025, but the tie-up between xAI and SpaceX marks the largest combination to date of Musk’s vast business projects.

      Founded in 2002, SpaceX has helped catapult Musk to the ranking of richest person in the world, with a net worth of more than $670 billion. The company has quickly become a critical supplier of satellite-based internet around the world, with more than 9,000 satellites orbiting Earth, used by both consumers and governments. SpaceX also holds multiple NASA contracts.

      This post appeared first on NBC NEWS

      The Miami Heat just got some good news. Terry Rozier, too.

      The franchise had been waiting on a ruling about the contract status of Rozier, whose 2025-26 salary had been placed in escrow after he was arrested Oct. 23 for his alleged role in an insider sports-betting scheme.

      But on Monday, Feb. 2, an arbitrator ruled in favor of Rozier and the National Basketball Players Association (NBPA), dictating that his salary should be paid in full.

      ‘We are pleased with the arbitrator’s ruling and remain committed to ensuring that Terry’s due process rights are protected and that he is afforded the presumption of innocence throughout this process,’ an NBPA spokesperson texted USA TODAY Sports.

      What does this mean for the Miami Heat and their trading strategy?

      This carries significant implications for Rozier and the Heat in the trading market.

      For one, Rozier is on an expiring deal, which can be attractive to teams that are looking to clear up cap space for the following fiscal year. And since Rozier’s salary is substantial, he suddenly becomes a potential asset that could be used in a trade. So as the Heat remain engaged in conversations with the Milwaukee Bucks over a potential Giannis Antetokounmpo deal, Rozier could eventually become part of that framework or in any other potential deal.

      This, in essence, removes any uncertainty that may have been hanging around the Heat front office about its ability to include Rozier in any potential trade package.

      If Miami is unable to move Rozier before the Thursday, Feb. 5 trading deadline, he would be on the books through the remainder of the season, and Miami would get a sizable chunk of cap space once his contract expires.

      Rozier is in the final season of a four-year deal that pays $26.6 million, per Spotrac.com. The NBA and Heat had been holding Rozier’s salary in escrow, pending the results of the ongoing investigation; Rozier has been away from the Heat since his arrest.

      What accusations is Terry Rozier facing?

      Rozier, 31, pleaded not guilty to charges of wire fraud and money laundering.

      Rozier is accused of manipulating his performance during an NBA game to benefit illegal betting. The game took place on Thursday, March 23, 2023, when Rozier was a member of the Charlotte Hornets.

      He had averaged 35.3 minutes and 21.1 points per game that season, and entered the night with no injury designation.

      He started the game, but played only 9:34 minutes before he left the game with a supposed foot injury. He did not return and would subsequently miss the remaining eight games of the season.

      That night, Rozier took just four shot attempts, making two of them, and scored five points, while adding four rebounds and two assists.

      According to the indictment, Rozier informed his childhood friend, De’Niro Laster, that he “was going to prematurely remove himself from the game in the first quarter due to a supposed injury and not return to play further.”

      Per the indictment, Laster then allegedly sold the information about Rozier’s participation to multiple co-conspirators so that they could place fraudulent wagers.

      U.S. Attorney for the Eastern District of New York Joseph Nocella Jr. called the alleged setup, “one of the most brazen sports corruption schemes since online sports betting became widely legalized in the United States.”

      This post appeared first on USA TODAY

      NBC is heading for an island getaway.

      Perhaps best known as the prison that housed Al Capone for nearly half a decade, Alcatraz Island has seen many uses over the years. Originally set aside in 1850 for potential use as a military reservation, the island was later transformed into a prison and eventually the tourist site it is today.

      On Super Bowl Sunday, it will be the site for part of the Super Bowl 60 pregame show on NBC and Peacock. It marks the first live broadcast in the island’s history, according to a release from NBC.

      Watch Super Bowl 60 with a Peacock subscription

      There will be multiple segments throughout the pregame show, with Hall of Fame head coach Tony Dungy, two-time Super Bowl winner Rodney Harrison and co-host Jac Collinsworth broadcasting live from multiple locations starting at 1 p.m. ET.

      ‘Coverage will feature a look at the island’s historic significance as a military base, prison, and seabird conservation site, as well as the 19-month occupation by Native Americans in support of freedom and civil rights,’ the release said.

      The news was announced as part of a collaboration with the National Park Service, the Golden Gate National Parks Conservancy and Alcatraz City Cruises.

      NBC’s coverage of Super Bowl 60 between the New England Patriots and Seattle Seahawks begins at Noon ET with ‘The Road to the Super Bowl,’ before the pregame begins at 1 p.m. ET.

      Kickoff of Super Bowl 60 at Levi’s Stadium in Santa Clara, California is slated for 6:30 p.m. ET.

      This post appeared first on USA TODAY