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Here’s a quick recap of some of the most impactful resource sector news items for the week.

The period saw three miners rescued after 60 hours underground at the Red Chris mine in BC, the US announce a mine waste recovery strategy and the Ontario government add C$7 million to boost critical minerals innovation.

Red Chris rescue: Three miners freed after 60 hours underground

Three miners trapped underground at Newmont’s (TSX:NGT,NYSE:NEM) Red Chris copper-gold mine in British Columbia have been safely rescued after more than 60 hours.

The workers were sheltered in a MineARC chamber with access to food, water, and communication, following a series of rockfalls.

The rescue effort, which included drilling a 100-meter access tunnel, concluded successfully, with all miners reported in good health.

We are relieved to share that all three individuals are safe, and in good health and spirits. They had consistent access to food, water, and ventilation whilst they remained in place in a refuge chamber underground over the last two days,” a Newmont statement read. They are now being supported by medical and wellness teams. Their families have been notified.”

Investigations into the cause of the rockfalls are ongoing.

US prioritizes critical mineral recovery from mine waste

The US government is ramping up efforts to recover critical minerals from mine waste, with the Department of the Interior announcing plans to map legacy tailings across federal lands.

The initiative is part of a broader push to secure domestic supplies of essential minerals like lithium, cobalt, and rare earths.

By tapping into existing waste sites, the US hopes to reduce reliance on foreign imports while minimizing new environmental disruptions.

“By streamlining regulations for extracting critical minerals from mine waste, we are unleashing the full potential of America’s mineral resources to bolster national security and economic growth,” said Acting Assistant Secretary of Lands and Minerals Adam Suess. “This proactive approach will attract private investment, support environmental reclamation, and pave the way for mineral independence.”

The move aligns with ongoing federal investment into clean energy and supply chain resilience.

Zijin leads bid for Barrick’s Tongon mine in West Africa

Chinese mining giant Zijin Mining Group (OTC Pink:ZIJMF,HKEX:2899,SHA:601899) is reportedly leading the race to acquire Barrick Mining’s (TSX:ABX,NYSE:B) Tongon gold mine in Côte d’Ivoire.

Barrick has tapped TD Securities and Australia-based Treadstone Resource Partners to advise on the sale of Tongon. The operation produced 148,000 ounces of gold in 2024.

With resources depleting, the mine is expected to enter care and maintenance by 2027.

Sources say the bid could be valued near US$500 million as Barrick shifts its focus toward copper and lithium assets.

The potential deal signals ongoing Chinese interest in African gold assets and underscores Barrick’s strategic pivot toward energy transition materials.

No final agreement has been announced.

Panther Minerals exits Boulder Creek uranium project in Alaska

Panther Minerals (CSE:PURR,OTC:GLIOF,FWB:2BC) has officially ended its option to acquire the Boulder Creek uranium project in Alaska’s Cape Nome District.

The company chose not to proceed with its next annual payment, leading to the automatic termination of the agreement signed in April 2024.

All 140 associated mining claims have been returned to Tubutulik Mining Company LLC via a quitclaim deed.

While Panther completed preliminary assessments and a site review, it opted not to advance the project further, citing seasonal, logistical, and capital constraints.

The project had drawn criticism from local Indigenous groups concerned about environmental impacts.

Ontario adds C$7 million to Critical Minerals Innovation Fund

The Ontario government is committing over C$7 million to expand its Critical Minerals Innovation Fund (CMIF), aiming to boost research, development and commercialization across the province’s mining sector.

The new funding round—open for applications from July 23 to October 1—targets innovation in deep exploration, mineral recovery, battery supply chains and mining technologies.

This latest investment brings total CMIF funding to C$27 million since its 2022 launch, supporting more than two dozen projects to date.

The CIMF also aligns with Ontario’s broader Critical Minerals Strategy, which seeks to strengthen domestic supply chains and reduce reliance on foreign sources, especially amid growing global demand and looming US tariffs.

“With global demand for critical minerals soaring – and new US tariffs targeting Canada’s mining and manufacturing sectors – Ontario is taking action to accelerate growth and innovation in Ontario’s mining sector,’ said Stephen Lecce, Minister of Energy and Mines.

He added: “Through the Critical Minerals Innovation Fund, we are putting Ontario first, building a made-in-Canada supply chain that attracts investment and creates good-paying jobs here at home.”

Looking down the supply chain, the Ontario government is also investing C$500 million in the creation of a new Critical Minerals Processing Fund to “provide financial support for projects that accelerate the province’s critical mineral processing capacity and made-in-Ontario critical minerals supply chain.”

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

This post appeared first on investingnews.com

11 Mins Read

Top 5 Canadian Mining Stocks This Week: St. Augustine Gains 67 Percent

Statistics Canada released its monthly mineral production report for May 2025 on Monday (July 21). The data shows that the production of both copper and silver increased from April. Copper output rose to 36.3 million kilograms from 35.85 million in April, and silver increased to 26,502 kilograms from 25,412. Meanwhile, gold production decreased marginally to 16,518 kilograms from 16,640 the previous month.

However, shipments were up across the board. Copper shipments rose to 34.34 million kilograms compared to 30.01 million kilograms in April. Silver increased to 26,376 kilograms, up considerably from 22,106 kilograms a month earlier. Gold shipments saw a slighter gain, rising to 14,858 kilograms from 14,660 kilograms in April.

The report comes amid heightened uncertainty due to tariff threats from the United States.

On Friday (July 25), President Donald Trump stated that the US and Canada may not reach a new trade deal, implying that there may not be further negotiations, and suggested that Canada may “just pay tariffs.”

Earlier in the month, the White House sent letters to several nations, informing them that tariffs would take effect on August 1 if no deal was reached before that time. The US threatened Canada with a 35 percent tariff on all goods not covered under the current Canada-United States-Mexico Agreement (CUSMA), which was negotiated during Trump’s first term in office.

The president’s remarks come after Canadian Trade Minister Dominic LeBlanc said that he felt encouraged following meetings earlier in the week with US representatives, including Commerce Secretary Howard Lutnick.

Markets and commodities react

In Canada, equity markets were positive this week. The S&P/TSX Composite Index (INDEXTSI:OSPTX) gained 0.29 percent to close at 27,494.35 on Friday, setting a new all-time high, while the S&P/TSX Venture Composite Index (INDEXTSI:JX) rose 0.55 percent to 801.13. The CSE Composite Index (CSE:CSECOMP) was the largest gainer, jumping 3.87 percent to 132.89.

As for US equity markets, the S&P 500 (INDEXSP:INX) gained 1.18 percent to 6,388.65 and the Nasdaq 100 (INDEXNASDAQ:NDX) climbed 0.62 percent to 23,285.57, with both closing the week setting new all-time highs. The Dow Jones Industrial Average (INDEXDJX:.DJI) rose 0.74 percent to 44,901.93, closing in on its record of 45,014 set on December 4, 2024.

In precious metals, the gold price was flat, ending the week down slightly at US$3,337.31 by Friday at 4 p.m. EDT. Meanwhile, the silver price continued to trade near 11-year highs mid-week, but fell to finish the week flat at US$38.15 per ounce.

In base metals, copper posted a 3.93 percent gain, trading near all time highs at US$5.82 per pound. The S&P GSCI (INDEXSP:SPGSCI) registered a 0.75 percent loss to finish the week at 545.08

Top Canadian mining stocks this week

How did mining stocks perform against this backdrop?

Take a look at this week’s five best-performing Canadian mining stocks below.

Stock data for this article was retrieved at 4 p.m. EDT on Friday using TradingView’s stock screener. Only companies trading on the TSX, TSXV and CSE with market capitalizations greater than C$10 million are included. Mineral companies within the non-energy minerals, energy minerals, process industry and producer manufacturing sectors were considered.

1. St. Augustine Gold and Copper (TSX:SAU)

Weekly gain: 66.67 percent
Market cap: C$414.68 million
Share price: C$0.5

St. Augustine Gold and Copper is a development company focused on its King-king copper-gold project in the Philippines’ Davao de Oro province. The project consists of 184 mining claims.

According to the latest preliminary economic assessment from 2013, the company projects an after-tax net present value of US$1.78 billion, with an internal rate of return of 24 percent and a payback period of 2.4 years using a base case scenario of a copper price of US$3.00 per pound and a gold price of US$1,250 per ounce.

The company is currently working toward an update to the study.

On May 30, St. Augustine announced that it had entered into an agreement with the National Development Corporation (Nadecor) to acquire a 100 percent interest in Nadecor’s wholly owned subsidiary Kingking Milling, which holds the development rights to King-king.

Under the terms of the deal, Nadecor will receive C$9.02 million convertible into 185 million shares.

The project’s exploration and development permits are held by Kingking Mining, which remains a 40/40/20 joint venture between St. Augustine, Nadecor and Queensberry Mining and Development. The release also includes details of new ore sales and royalty agreements between Kingking Milling and Kingking Mining.

The company announced its latest news on Friday, reporting that it had closed a private placement, raising gross proceeds of C$24.9 million. In the announcement, the company said it intends to use the funds to advance development at King-king.

Additionally, the company reported on Thursday that Nicolaos Paraskevas and Andrew J. Russell had joined the board of directors. It notes that Paraskevas has experience in supervising business development activities in the copper industry, while Russell is one of the original founders of St. Augustine and brings two decades of experience in mining management. The announcement also reported that Love D. Manigsaca had been appointed as St. Augustine’s new CFO.

2. Kapa Gold (TSXV:KAPA)

Weekly gain: 62.12 percent
Market cap: C$19.66 million
Share price: C$0.30

Kapa Gold is an exploration company focused on advancing the past-producing Blackhawk gold mine in San Bernardino County, California.

The project site is composed of seven patented and 178 contiguous federal lode claims covering 1,496.2 hectares. The property hosts multiple mineralized zones with previous exploration work revealing deposits with high grade gold, silver, lead and zinc. Historic production from ramps and underground mines has graded an average 10 grams per metric ton (g/t) gold.

Kapa’s most recent news from the project was reported on March 5, when it announced it had initiated biological surveys in advance of exploration activities on the site and submitted the requested bonding to San Bernardino County, allowing for drilling on patented claims at Blackhawk.

3. North Peak Resources (TSXV:NPR)

Weekly gain: 47.3 percent
Market cap: C$47.28 million
Share price: C$1.09

North Peak Resources is an exploration company working to advance its Prospect Mountain Mine Complex in Central Nevada, US.

The property comprises 221.9 acres of patented claims and 1,905 acres of unpatented claims, consolidating several historical mines that have hosted operations dating back to the 1870s.

Despite the extensive history of the property, limited modern exploration work has been conducted, and a technical report from April 2023 notes that no mineral resource estimate has been produced. Part of the property is currently covered by a plan of operation that entitles North Peak to carry out surface exploration, infrastructural works and underground mining of up to 331,000 metric tons per year.

The most recent exploration update from the property was released on May 27, when North Peak announced results from samples collected from underground and surface historical occurrences. Highlights included grades of 45.6 g/t gold, 569 g/t silver, 4.09 percent lead and 3.12 percent zinc over 15 cm from channel samples of in-situ material from the Dean Cave area; and 5.3 g/t gold, 39 g/t silver, 7.03 percent lead and 1.92 percent zinc from dump grab samples collected from the Kit Carson mine.

The latest news from the company came on Monday, when North Peak announced it had acquired the remaining 20 percent stake in the property from Solarljos in exchange for 3 million common shares. North Peak purchased its original 80 percent interest in the property in August 2023.

4. NextSource Materials (TSX:NEXT)

Weekly gain: 46.15 percent
Market cap: C$92.46 million
Share price: C$0.475

NextSource Materials is a mining and exploration company focused on advancing its Molo graphite mine to Phase 2 production.

The mine is located in Southern Madagascar and has a nameplate capacity of 11,000 metric tons per year, with a fixed carbon content between 94 percent and 97 percent. The company is currently working towards a Phase 2 expansion at the mine, which will increase capacity to 150,000 metric tons per year. NextSource expects to complete an updated feasibility study for the project by the end of Q3 2025.

The company is also developing a series of battery anode facilities in key geographic locations. The facilities will be designed with modular production capacities that are intended to expand in line with automotive demand.

The most recent announcement from NextSource came on June 2, when it announced its withdrawal from its battery anode facility option in Mauritius, instead planning to develop a larger-scale facility in the Middle East, which would help streamline permitting and increase access to EV manufacturers. The company stated it is advancing discussions with EV manufacturers for potential offtake agreements.

5. BeMetals (TSXV:BMET)

Weekly gain: 44.44 percent
Market cap: C$10.3 million
Share price: C$0.065

Bemetals is a gold and copper explorer advancing its Pangeni copper project in Zambia.

The project is located in Northwestern Zambia along the western edge of the Central African Copperbelt. BeMetals has been actively exploring the property since 2020 and identified several areas with copper mineralization.

The most recent update from the property came on March 25 when the company reported that it had commenced a new 2,000 meter to 2,500 meter drilling program to identify additional zones of copper mineralization and expand the existing footprint within the D-Prospect area.

Previous exploration at the site has yielded highlighted assays with up to 0.74 percent copper and 533 parts per million (ppm) cobalt over 16.16 meters, including an intersection of 0.93 percent copper and 701 ppm cobalt over 5.5 meters.

On July 10, BeMetals announced that it had entered into a non-binding letter of intent with Prospector Metals (TSXV:PPP,OTCQB:PMCOF) to acquire up to a 100 percent stake in the Savant gold project in Northwestern Ontario, Canada. The property covers an area of 232 square kilometers and hosts numerous gold occurrences. Under the terms of the agreement, BeMetals has agreed to meet certain milestones, including the production of a mineral resource estimate.

Final ownership share will be determined by the size of the reported resource. If the reported resource is under 500,000 ounces of contained gold, Prospector will retain full ownership. If it is between 500,000 and 1 million ounces, Prospector and BeMetals will form a 50/50 joint venture. Lastly, if the resource is over 1 million ounces, with at least 500,000 ounces in the indicated category, BeMetals will earn the full 100 percent interest, with Prospector holding a 0.5 percent net smelter royalty.

FAQs for Canadian mining stocks

What is the difference between the TSX and TSXV?

The TSX, or Toronto Stock Exchange, is used by senior companies with larger market caps, and the TSXV, or TSX Venture Exchange, is used by smaller-cap companies. Companies listed on the TSXV can graduate to the senior exchange.

How many mining companies are listed on the TSX and TSXV?

As of February 2025, there were 1,572 companies listed on the TSXV, 905 of which were mining companies. Comparatively, the TSX was home to 1,859 companies, with 181 of those being mining companies.

Together the TSX and TSXV host around 40 percent of the world’s public mining companies.

How much does it cost to list on the TSXV?

There are a variety of different fees that companies must pay to list on the TSXV, and according to the exchange, they can vary based on the transaction’s nature and complexity. The listing fee alone will most likely cost between C$10,000 to C$70,000. Accounting and auditing fees could rack up between C$25,000 and C$100,000, while legal fees are expected to be over C$75,000 and an underwriters’ commission may hit up to 12 percent.

The exchange lists a handful of other fees and expenses companies can expect, including but not limited to security commission and transfer agency fees, investor relations costs and director and officer liability insurance.

These are all just for the initial listing, of course. There are ongoing expenses once companies are trading, such as sustaining fees and additional listing fees, plus the costs associated with filing regular reports.

How do you trade on the TSXV?

Investors can trade on the TSXV the way they would trade stocks on any exchange. This means they can use a stock broker or an individual investment account to buy and sell shares of TSXV-listed companies during the exchange’s trading hours.

Article by Dean Belder; FAQs by Lauren Kelly.

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

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

This post appeared first on investingnews.com

3 Mins Read

Microsoft’s Satya Nadella says job cuts have been ‘weighing heavily’ on him

Microsoft has laid off over 15,000 people so far in 2025. The stress of the belt-tightening has gotten to CEO Satya Nadella.

“Before anything else, I want to speak to what’s been weighing heavily on me, and what I know many of you are thinking about: the recent job eliminations,” Nadella wrote in a memo to employees Thursday.

After Microsoft’s latest labor reductions, investors pushed the stock’s closing price above $500 for the first time on July 9. The company announced the layoffs of about 9,000 people a week earlier. Microsoft employed 228,000 people as of June 2024. It hasn’t provided a new figure that takes into account its layoffs this year, but Nadella wrote that headcount is basically flat.

“This is the enigma of success in an industry that has no franchise value,” he wrote. “Progress isn’t linear. It’s dynamic, sometimes dissonant, and always demanding. But it’s also a new opportunity for us to shape, lead through, and have greater impact than ever before.”

The cuts at Microsoft are reflective of an overall trend across the tech industry, with over 80,000 positions eliminated to date in 2025, according to one count. Recruit Holdings announced earlier this month that it would lay off 1,300 people from its human resources technology segment that includes the Indeed and Glassdoor websites. The company’s CEO pointed to artificial intelligence in a memo, Bloomberg reported.

On social media in recent months, some Microsoft employees have become disheartened about the company’s cutbacks, given its stature.

“I have loved working for this company, still do, but this has done so much damage to that loyalty because it has shown that Microsoft’s espoused values do not apply to business decisions at the macro level,” a person who lists themselves as a Microsoft directed on LinkedIn posted last week.

Microsoft is the world’s most valuable public company after Nvidia, whose chips have become a critical piece of the AI arms race. Microsoft’s Windows and Office franchises remain dominant, and its Azure cloud services have seen faster growth in recent years as OpenAI and other companies rent out Nvidia graphics cards to run AI models.

In the memo, Nadella touched on Microsoft’s mission for the past 10 years, which has been to empower every person and every organization on the planet to achieve more, and how the rise of AI is changing it.

“We must reimagine our mission for a new era,” he wrote. “What does empowerment look like in the era of AI? It’s not just about building tools for specific roles or tasks. It’s about building tools that empower everyone to create their own tools. That’s the shift we are driving — from a software factory to an intelligence engine empowering every person and organization to build whatever they need to achieve.”

This post appeared first on NBC NEWS

4 Mins Read

FCC greenlights Paramount’s $8 billion merger with entertainment group Skydance

Trump administration regulators have approved Skydance Media’s $8 billion bid to acquire CBS News parent company Paramount, paving the way for a tectonic shift in ownership of one of America’s three major networks.

The Federal Communications Commission said Thursday that it had approved the acquisition, with FCC Chairman Brendan Carr adding in a news release that the move would bring change to the company’s news coverage. Paramount owns CBS, which includes CBS News.

‘Americans no longer trust the legacy national news media to report fully, accurately, and fairly. It is time for a change,’ Carr said. ‘That is why I welcome Skydance’s commitment to make significant changes at the once storied CBS broadcast network. In particular, Skydance has made written commitments to ensure that the new company’s programming embodies a diversity of viewpoints from across the political and ideological spectrum.’

‘Today’s decision also marks another step forward in the FCC’s efforts to eliminate invidious forms of DEI discrimination,’ Carr added.

David Ellison; Shari Redstone.AP; Getty Images

In recent days, Paramount’s new owner made a number of concessions to the FCC, including agreeing to not implement any diversity, equity or inclusion programs. Skydance also said it would ‘undertake a comprehensive review’ of CBS and ‘will commit, for a period of at least two years, to have in place an ombudsman.’ That role would report to the president of the new company.

A number of companies that have billion-dollar transactions pending before Carr’s FCC have also backed off of DEI programs, including Verizon and T-Mobile.

The concessions also came after Paramount Global settled a lawsuit with President Donald Trump for $16 million. Trump brought that suit, saying the way CBS edited a ’60 Minutes’ interview with former Vice President Kamala Harris was ‘election and voter interference.’

The lone Democrat in FCC leadership, Commissioner Anna Gomez, did not mince words about the push to secure promises from the companies.

“After months of cowardly capitulation to this Administration, Paramount finally got what it wanted,’ she said in an emailed statement.

‘In an unprecedented move, this once-independent FCC used its vast power to pressure Paramount to broker a private legal settlement and further erode press freedom,’ she added. ‘Once again, this agency is undermining legitimate efforts to combat discrimination and expand opportunity by overstepping its authority and intervening in employment matters reserved for other government entities with proper jurisdiction on these issues.’

‘Even more alarming, it is now imposing never-before-seen controls over newsroom decisions and editorial judgment, in direct violation of the First Amendment and the law.’

Skydance is run by David Ellison, son of Oracle founder and Trump ally Larry Ellison. While the younger Ellison made a donation to President Joe Biden’s re-election fund in February 2024 shortly before the former president bowed out of the race, Trump recently signaled his comfort with his takeover of Paramount and its assets, which in addition to CBS News include Nickelodeon, Comedy Central, The CW, MTV, BET and film franchises like “Smurfs” and “Sonic the Hedgehog.”

“Ellison is great. He’ll do a great job with it,” Trump said in June.

There is likely to be a sea change in the editorial direction of CBS News under its new ownership. In a recent filing, Ellison and Skydance said they’d told Carr that they were committed to pursuing a focus on “American storytelling” while touting a new, “unbiased” editorial direction for CBS News. Their meeting came shortly after Paramount agreed to settle Trump’s lawsuit.

It also came just days after CBS announced it was canceling “The Late Show,” currently hosted by Stephen Colbert — an announcement Trump praised on social media. Colbert had recently criticized the parent company’s multimillion-dollar settlement with Trump, while CBS said the cancellation was “purely a financial decision against a challenging backdrop in late night.”

There had been signs of an editorial shift ahead of the merger. Most notably, longtime “60 Minutes” editor Bill Owens announced he was stepping down this spring, citing CBS News’ fading editorial independence. Shortly after, CBS News President and CEO Wendy McMahon was pushed out. Last week, The New York Times reported Skydance was in early talks to acquire the conservative-leaning The Free Press media outlet. Meanwhile, “Daily Show” host Jon Stewart has said he did not know whether his program would survive the merger.

Skydance has spent years pursuing Paramount and eventually realized it could successfully execute the transaction by purchasing Paramount’s parent, National Amusements, the company once helmed by Sumner Redstone, the father of the company’s current chairwoman, president and CEO, Shari Redstone. Yet the proposed deal continued to face hurdles, first under the Biden administration then at the outset of Trump’s term. Its approval came in what was its third deadline extension period.

This post appeared first on NBC NEWS

1 Min Read

Momentum Leaders Are Rotating — Here’s How to Find Them

Is the market’s next surge already underway? Find out with Tom Bowley’s breakdown of where the money is flowing now and how you can get in front of it.

In this video, Tom covers key moves in the major indexes, revealing strength in transports, small caps, and home construction. He identifies industry rotation signals, which are pointing to aluminum, recreational products, and furnishings. Tom then demonstrates how to use StockCharts’ tools to scan for momentum stocks in emerging leadership groups — see why SGI tops Tom’s list. He ends with a discussion of post-earnings reactions from major names like GOOGL, TSLA, IBM, and LVS.

And, of course, Tom wraps every idea with clear chart setups you can act on today.

This video premiered on July 24, 2025. Click this link to watch on Tom’s dedicated page.

Missed a session? Archived videos from Tom are available at this link.

3 Mins Read

S&P 500 Breaking Out Again: What This Means for Your Portfolio

The S&P 500 ($SPX) just logged its fifth straight trading box breakout, which means that, of the five trading ranges the index has experienced since the April lows, all have been resolved to the upside.

How much longer can this last? That’s been the biggest question since the massive April 9 rally. Instead of assuming the market is due to roll over, it’s been more productive to track price action and watch for potential changes along the way. So far, drawdowns have been minimal, and breakouts keep occurring. Nothing in the price action hints at a lasting change — yet.

While some are calling this rally “historic,” we have a recent precedent. Recall that from late 2023 through early 2024, the index had a strong start and gave way to a consistent, steady trend.

From late October 2023 through March 2024, the S&P 500 logged seven consecutive trading box breakouts. That streak finally paused with a pullback from late March to early April, which, as we now know, was only a temporary hiccup. Once the bid returned, the S&P 500 went right back to carving new boxes and climbing higher.

New 52-Week Highs Finally Picking Up

If there’s been one gripe about this rally, it’s that the number of new highs within the index has lagged. As we’ve discussed before, among all the internal breadth indicators available, new highs almost always lag — that’s normal. What we really want to see is whether the number of new highs begins to exceed prior peaks as the market continues to rise, which it has, as shown by the blue line in the chart below.

As of Wednesday’s close, 100 S&P 500 stocks were either at new 52-week highs or within 3% of them. That’s a strong base. We expect this number to continue rising as the market climbs, especially if positive earnings reactions persist across sectors.

Even when we get that first day with 100+ S&P 500 stocks making new 52-week highs, though, it might not be the best time to initiate new longs.

The above chart shows that much needs to align for that many stocks to peak in unison, which has historically led to at least a short-term consolidation, if not deeper pullbacks — as highlighted in yellow. Every time is different, of course, but this is something to keep an eye on in the coming weeks.

Trend Check: GoNoGo Still “Go”

The GoNoGo Trend remains in bullish mode, with the recent countertrend signals having yet to trigger a greater pullback.

Active Bullish Patterns

We still have two live bullish upside targets of 6,555 and 6,745, which could be with us for a while going forward. For the S&P 500 to get there, it will need to form new, smaller versions of the trading boxes.

Failed Bearish Patterns

In the chart below, you can view a rising wedge pattern on the recent price action, the third since April. The prior two wedges broke down briefly and did not lead to a major downturn. The largest pullbacks in each case occurred after the S&P 500 dipped below the lower trendline of the pattern.

The deepest drawdown so far is 3.5%, which is not exactly a game-changer. Without downside follow-through, a classic bearish pattern simply can’t be formed, let alone be broken down from.

We’ll continue to monitor these formations as they develop because, at some point, that will change.

5 Mins Read

Bills on ‘Hard Knocks’: 5 storylines to watch from Josh Allen and crew

The NFL’s annual offseason reality television show is following a contender in 2025.

For the first time, the ‘Hard Knocks’ sports documentary show will follow the Buffalo Bills. Last season was another success for the team as they won a fifth consecutive AFC East title and made it to the AFC championship game, while quarterback Josh Allen won NFL MVP honors.

The 2025 season marks the ninth under coach Sean McDermott and eighth with Allen under center. The duo has established the Bills as one of the top teams in the league and an annual AFC contender against the likes of the Kansas City Chiefs and Baltimore Ravens.

‘Hard Knocks: Training Camp with the Buffalo Bills’ will follow the team from St. John Fisher University in Pittsford, New York, over five episodes, which will stream on HBO Max.

The new season premieres Tuesday, Aug. 5 at 9 p.m. ET. A team like this has plenty of intrigue as they’re preparing for another postseason run and a potential championship.

Here are five storylines we’re looking forward to following on Hard Knocks this season:

Will James Cook get an extension?

The Bills’ top running back isn’t holding out but has been outspoken about wanting to get an extension done. He tied for the league lead with 16 rushing touchdowns in 2024 and made his second consecutive Pro Bowl. He’s confident in what he’s shown on the field and spoke on Thursday, July 24 about the importance of being at camp.

‘It’s my job,’ Cook said. ‘I got to participate out here so I won’t get fined. And just come out here and show them I’m ready to go and earn what I got to go get.’

Cook was a second-round pick in the 2022 NFL Draft and will be the 18th-highest paid running back in the league in 2025 at $5.7 million, per Spotrac. That puts him behind the likes of Chuba Hubbard, Travis Etienne and Devin Singletary.

It’s currently not a contentious standoff between the two sides, but it’s one of the bigger storylines of the Bills’ offseason. We will hopefully get a closer look at negotiations thanks to Hard Knocks.

Keon Coleman in year two

The Bills’ top pick in the 2024 NFL Draft had a solid but unspectacular rookie season with 556 receiving yards and four touchdowns in 13 games. Compared to other top-50 wide receivers in the class, it was disappointing, especially compared to Los Angeles’ Ladd McConkey selected one pick later.

Coleman agrees.

‘You want to know exactly what I see?’ Coleman said when asked about reviewing his 2024 tape. ‘Man, that (expletive) trash. You got to be better, simple as that … call out everything you’re doing wrong to make it right.’

He’s outspoken and one of the funnier young players behind closed doors. During his combine interview with the Bills, Coleman said he likes to golf and go bowling when not playing football.

‘I’m Tiger ‘wish-he-could,’ I’m not Tiger Woods,’ he said as Bills officials laughed. ‘I wish I could putt and do all that … it might take me five (shots) just to putt it in but I’m going to go have fun. Like, you know, it’s controlled chaos.’

Coleman quotes alone should be must-watch TV.

Josh Allen, board game MVP

Allen became the first Bills player to earn NFL MVP honors since 1973. He’s had a busy offseason as well, marrying actress Hailee Steinfeld in a ceremony in Montecito, California.

Allen’s training camp performances will be closely tracked given the pressure on him and the team following a close loss to the Chiefs in last year’s AFC championship game. To clear his mind and provide another way to bond with teammates, Allen taught fellow players the popular board game ‘Settlers of Catan.’

He started playing during 2020 and is well-established as the top player on the Bills in the game.

‘I just hate when Josh wins, honestly,’ Bills tight end Dawson Knox told ESPN in 2024. ‘But no, it’s been fun. We’re definitely not teaming up against him, but we just, we hate when he wins. ‘

There’s a good chance ‘Settlers of Catan’ comes up at some point during training camp. Good luck to anyone trying to beat the MVP.

How are the Bills’ free agents fitting in?

Buffalo spent money in free agency to bolster both the offense and defense like a true Super Bowl contender. On offense, the biggest signing was wide receiver Joshua Palmer, with more depth pieces brought in among the pass catchers. The defense saw more big names like edge rusher Joey Bosa, cornerback Tre’Davious White, defensive lineman Larry Ogunjobi and cornerback Dane Jackson.

That’s a lot of big names who could have important roles in 2025 for a team with aspirations of hoisting the Lombardi Trophy in February 2026. How well and how quickly each of them get settled in with their respective units will be important to follow throughout this season of Hard Knocks.

How much will the rookie defensive linemen play?

Buffalo spent a lot of top draft capital on the defensive line in the 2025 NFL Draft, starting in the second round with defensive tackle T.J. Sanders. The Bills then selected athletic edge rusher Landon Jackson in Round 3 and massive defensive tackle Deone Walker in Round 4.

These players likely won’t have huge roles in 2025 but will be contributors on a rotational basis as they represent the potential future of the defensive line in Buffalo.

Jackson was an NFL combine darling for his athletic feats and could offer some splash plays in the offseason. Walker, at 6-foot-7 and 331 pounds, is one of the biggest players on the team in the mold of longtime Bills nosetackle DaQuan Jones. Walker and Jones’ interactions could be interesting to follow as Walker develops behind the 33-year-old veteran.

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5 Mins Read

Trump issues college sports executive order aimed at controlling NIL and pay-for-play

President Donald Trump issued an executive order on Thursday, July 24 that attempts to create a national standard for NCAA name, image and likeness programs.

The order is Trump’s latest entry into a debate that has embroiled the NCAA since NIL rules went into effect in 2021, ushering in a wild-west era of college sports that has come under increasing scrutiny by local and national legislators.

Broadly focused on efforts to “save college athletics,” a fact sheet sent out by the White House says the order also seeks to preserve and support ‘expansion of opportunities for scholarships and collegiate athletic competition in women’s and non-revenue sports.’ Most of the NIL money is given to athletes in football and men’s and women’s basketball.

The settlement in the long-running House v. NCAA case went into effect July 1 and allowed schools to directly pay college athletes through a revenue-sharing model.

Trump’s order says, in part, ‘it is the policy of the executive branch that third-party, pay-for-play payments to collegiate athletes are improper and should not be permitted by universities. This policy does not apply to compensation provided to an athlete for the fair market value that the athlete provides to a third party, such as for a brand endorsement.’

There has been considerable debate since the House legal settlement took effect about the role that collectives can have in providing NIL compensation for athletes, and how to assess those deals in terms of market value.

In May, Trump appeared poised to create a commission co-chaired by former Alabama coach Nick Saban and influential Texas Tech booster Cody Campbell with a directive to explore and address major issues facing college sports. But there have been no announcements regarding that directive.

This week, a bill in the U.S. House of Representatives aimed at restructuring rules around the administration of college athletics passed two committees and is expected to move to the House floor when the summer recess is over in September.

Speaking at a National Press Club event in Washington earlier the day, before the order was signed, NCAA President Charlie Baker was asked about possible executive order on college sports. He said he was open to ideas, but “our focus needs to be on the legislative process.”

The leaders of three House committees issued a statement lauding the order, but indicating that they plan to move forward with the legislation. While Trump’s order directs various cabinet secretaries to work on various issues, the bill, for example, has antitrust-exemption language that specifically would allow the NCAA, and potentially the new College Sports Commission, to make operational rules affecting schools and athletes in areas that have come into legal dispute in recent years. That would include rules about transfers and the number of seasons for which athletes can compete.

“We thank President Trump for his commitment to supporting student-athletes and strengthening college athletics in the NIL era,’ read the statement from Rep. Brett Guthrie, R-Ky., who chairs the Energy and Commerce Committee; Rep. Tim Walberg, R-Mich., who chairs the Education and Workforce Committee; and Rep. Jim Jordan, R-Ohio, chair of the the Judiciary Committee. ‘The SCORE Act, led by our three committees, will complement the President’s executive order, and we look forward to working with all of our colleagues in Congress to build a stronger and more durable college sports environment.”

The order states that athletics departments with more than $125 million in revenue in 2024-25 ‘should provide more scholarship opportunities in non-revenue sports than during the 2024-2025 athletic season and should provide the maximum number of roster spots for non-revenue sports permitted under the applicable collegiate athletic rules.’

Departments with revenue of more than $50 million in 2024-25 should provide at least as many scholarships in non-revenue sports as they did in 2024-25 and should provide the maximum numnber of roster spots for non-revenue sports.

Departments with $50 million or less in 2024-25 ‘should not disproportionately reduce scholarship opportunities or roster spots for sports based on the revenue that the sport generates.’

Under the House settlement, the NCAA’s sport-by-sport scholarship limits were replaced by sport-by-sport roster limits. Many top-revenue schools have been planning to add scholarships in a variety of sports. They also have been dealing with the prospect of having to cut athletes because of the roster limits.

The order directs the Education Secretary, ‘in consultation with’ the Attorney General, the Secretary of Health and Human Services and the Federal Trade Commission chair to advance the order’s policies.

It also directs the Labor Secretary and the National Labor Relations Board to ‘determine and implement the appropriate measures with respect to clarifying the status of collegiate athletes’. The House bill would prevent college athletes from being employees of their school, conferences or athletic associations.

However, backers of the House bill already had been struggling to find support from Democrats, several of whom criticized the measure after it passed the two commitees on July 23. And that task didn’t get any easier on July 24, when Sen. Chris Murphy, D-Conn., was involved in the re-introduction of two bills. Along with Rep. Lori Trahan, D-Mass., he announced a bill that would help athletes with NIL deals in a variety of ways, including making easier for foreign athletes to make NIL deals in the United States.

Later in the day — but before Trump’s order — Murphy unveiled an effort with Sen. Bernie Sanders, I-Vt., and Sen. Elizabeth Warren, D-Mass., that would make athletes school employees under the National Labor Relations Act and give them the right to organize and collectively bargain. That announcement carried a headline that began: ‘As Trump, Congressional Republicans Side With NCAA Bosses …’

Murphy’s announcement said this effort had the backing of eight House Democrats and multiple labor unions, including major pro sports players’ associations.

(This story was updated with new information.)

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6 Mins Read

Fever end two-game skid without Caitlin Clark

The Indiana Fever is back in the win column.

The Fever ended its two-game losing skid with a 80-70 win over the Las Vegas Aces on Thursday at Gainbridge Fieldhouse in Indianapolis to move past Las Vegas and claim sixth place in the standings. The Fever did so without All-Star guard Caitlin Clark, who missed her third consecutive game with a right groin injury. The Fever lead the regular-season series, 2-1, and have defeated the Aces in back-to-back games for first time since 2015.

The Fever trailed by six points at halftime, but Indiana outscored Las Vegas, 45-29, in the second half. The Aces came within five points of the Fever with 1:33 remaining in the game, but Aari McDonald slammed the door shut with a 3-pointer to take an eight-point lead with 34.2 seconds left. The Fever credited their second half turnaround to a mid-game pep talk from head coach Stephanie White.

‘Coach told us at halftime that we were playing too soft. We let Las Vegas get whatever they wanted in the second quarter,’ said Natasha Howard, who finished with an 18-point, 13-rebound double-double. ‘When (White) told us that… we all locked in coming out in the second half.’

Kelsey Mitchell led the way with a game-high 21 points and four assists, while Aliyah Boston added a double-double with 13 points and 10 points. Four Fever starters finished with double-digit points. More importantly, Indiana’s defense held Las Vegas to only two 3-pointers the entire game, making a season low for the Aces.

USA TODAY Sports provided updates and highlights from the Aces-Fever game:

Fever vs. Aces highlights

End of Q3: Fever 62, Aces 56

Indiana outscored Las Vegas 27-15 in the third quarter to take a six-point lead into the fourth quarter.

Natasha Howard came alive in the third quarter, scoring 11 of her game-high 18 points in the period. She already has her sixth double-double of the season with 12 rebounds, including five offensive boards. Sophie Cunningham has added 13 points.

A’ja Wilson has a team-high 16 points, four rebounds, two assists and two steals for Vegas. Jackie Young has added 15 points and two assists. However, the Aces haven’t been able to get going from long range. They are shooting 18.2% (2-of-11) from 3, compared to the Fever shooting a whopping 45% from 3 (9-of-20).

Halftime: Aces 41, Fever 35

Las Vegas has a 41-35 lead heading into halftime in a back-and-forth game so far. The Aces opened the second quarter against the Fever on a 8-0 run, which marked an 18-2 run going back to the first quarter. The Fever responded with an 8-0 run of their own, which was met by a 12-2 run by the Aces to close out the half.

Jackie Young led the way with a game-high 13 points. A’ja Wilson added 12 points and three rebounds. The Aces are shooting 44.1% from the field, but are struggling from beyond the arc (2-of-8).

The three ball, however, is keeping the Fever in striking distance. Indiana is 5-of-12 from three and is shooting 39.4% from the field, but the Fever must take better care of the ball (11 turnovers) and keep the Aces off the free throw line. The Fever had four free throw attempts in the first half, compared to 12 for the Aces.

Indiana’s apparent frustration with officiating boiled over in the second quarter when head coach Stephanie White was called for a technical foul with 5:53 remaining after Kelsey Mitchell fought through apparent contact on a layup attempt.

Natasha Howard, Aliyah Boston, Kelsey Mitchell and Sophie Cunningham each have seven points.

End of Q1: Fever 18, Aces 18

It’s a low-scoring affair between the Fever and Aces so far. The Fever led by as many as eight points in the first quarter, before the Aces closed the deficit and tied up the game, 18-18.

Jackie Young has a game-high six points for the Aces, followed by four points by A’ja Wilson.

The Fever have been frustrated early on by the whistle. The Aces had 11 free throw attempts in the first quarter, compared to two for the Fever. Aliyah Boston, who has four points, and Sophie Cunningham, who has five points, are both in foul trouble early with two fouls. Kelsey Mitchell added two points.

What time is Las Vegas Aces vs. Indiana Fever?

The Indiana Fever will host the Las Vegas Aces on Thursday, July 24 at 7 p.m. ET at Gainbridge Fieldhouse in Indianapolis. Fans can watch the action on Prime Video.

How to watch Las Vegas Aces vs. Indiana Fever: TV, stream

Time: 7 p.m. ET (4 p.m. PT)
Location: Gainbridge Fieldhouse (Indianapolis)
Streaming: Prime Video
Local TV: WTHR Channel 13 (Indianapolis), Vegas 34 (Las Vegas).

The game will also be available to view on demand on WNBA League Pass after it concludes.

Stream Aces vs. Fever on Prime

Is Caitlin Clark playing today? Injury status vs. Aces

Indiana Fever star Caitlin Clark has been ruled out of Thursday’s game against the Las Vegas Aces. Clark will miss her third consecutive game due to a right groin injury suffered in the Fever’s win over the Connecticut Sun on July 15.

Thursday will mark the 12th regular-season game Clark has missed this season due to injury. There’s no timetable for her return.

Fever relaunch ‘Stranger Things’ special edition jersey

The Indiana Fever are donning alternate uniforms inspired by the Netflix series ‘Stranger Things.’

‘Stranger Things’ – which is set in the fictional town of Hawkins, Indiana – will stream its final season on Netflix in three parts starting on Nov. 26. The jersey will also feature Demogorgon claw accents, and ‘011’ on the waistband, referencing the character, Eleven, portrayed by actress Millie Bobby Brown.

The Fever first wore the jersey with the ‘Stranger Things’ font in 2021 and has plans on wearing the jersey in home games on July 30 vs. the Phoenix Mercury, Aug. 9 vs. the Chicago Sky, Aug. 12 vs. the Dallas Wings, Aug. 26 vs. the Seattle Storm, and Sept. 9 against the Minnesota Lynx. — Scooby Axson

Indiana Fever starting lineup

Las Vegas Aces starting lineup

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7 Mins Read

What Bill Belichick said in first ACC media days as UNC coach

After an offseason dominated by intrigue and previously unimaginable headlines, Bill Belichick is only about a month away from coaching his first football game at North Carolina.

Before he does that, though, the legendary NFL coach will get to take part in one of his favorite exercises — speaking in front of a group of hundreds of reporters.

Heading into his first season ever as a college football coach, Belichick will make his scheduled appearance at ACC media days in Charlotte on July 24, where he’ll discuss his Tar Heels team ahead of its highly anticipated September 1 season-opener against TCU.

Since North Carolina stunned much of the college football world by hiring Belichick last December, the six-time Super Bowl champion has been breathlessly discussed, though usually outside of the confines of football and his new job.

Belichick’s relationship with Jordon Hudson, his 24-year-old girlfriend, became a source of widespread public fascination that went beyond amusing social media posts of the couple wearing costumes or doing beach yoga. Hudson famously interjected during a CBS Sunday Morning interview in April when Belichick was asked how the two met, a moment that was captured on camera and set off a wave of reporting on Hudson, her role as Belichick’s manager and what impact, if any, it has had on the North Carolina program.

In Chapel Hill, he’ll look to inject life into a program that has often been described as a sleeping giant, but has routinely struggled to wake up. Though they’ve been a perennial bowl participant for the past 40 years, the Tar Heels haven’t won the ACC since 1980 and have won at least 10 games only once since 1998.

USA TODAY Sports will be providing live updates and highlights from Belichick’s interviews at ACC media days. Follow along here:

Bill Belichick ACC media days live updates

This section will be updated closer to the start of Belichick’s news conference

Bill Belichick non-committal on North Carolina QB battle

Arguably the most important position on the North Carolina roster is still a bit of a question mark heading into Bill Belichick’s first season at the helm.

The Tar Heels have six quarterbacks on their roster, but the battle for the starting spot is widely seen as coming down to Max Johnson, a Texas A&M transfer who was their starter last season before breaking his leg in the season-opener against Minnesota; Gio Lopez, a South Alabama transfer; and Bryce Baker, a freshman who was a four-star recruit and top-100 prospect nationally in the 2025 class.

Belichick said every quarterback will get an opportunity to win the job, with the final result of the competition coming down to their play on the field.

‘We’ll let the competition play out on the field,’ he said in an interview on SportsCenter. ‘I can’t control how players play. Never have and never will. Performance is up to the players and we’ll do the best we can to coach all of them.’

ACC media clears out after Bill Belichick news conference

Bill Belichick wasn’t the only person to leave the hotel ballroom in Charlotte once he was done with his news conference.

Most of the assembled media departed the room with him, with Belichick’s more intimate breakout session with reporters taking place shortly after he was done at the dais. By the time NC State coach Dave Doeren had his news conference, the room that Belichick had filled was largely empty, prompting Doeren to note that it had gotten a little sleepier in the room.

Bill Belichick breaks down difference between coaching NFL and college players

One of the biggest questions facing Belichick entering his first season at North Carolina is how the NFL lifer will adjust to coaching college football, particularly during a time of such profound change in the sport.

During an interview with SiriusXM Radio Thursday, Belichick detailed the differences between coaching at the college and professional level. He noted that college coaches have more time to train players and, because of larger rosters, get more practice reps. He believes college players are more eager and less stubborn than their NFL counterparts, though he added that someone like Tom Brady was always open to learning and soaking in new information.

“They don’t have as many bad habits,’ Belichick said. ‘They’re more anxious to learn fundamentally the right way, or at least the way we’re teaching them to do things. They really embrace it. That’s not always the case in the NFL. Sometimes it is. Sometimes it isn’t.”

Bill Belichick answers question about fullbacks

Over the course of his two decades with the New England Patriots, the famously terse Belichick developed a reputation for long-winded answers about football minutiae, particularly when it pertained to important-but-overlooked positions like long-snapper and punter.

Sure enough, one of the three questions he received during his news conference Thursday was about the evolution of the fullback position.

Bill Belichick details relationship with Dabo Swinney

Earlier on Thursday of ACC media days, Clemson’s Dabo Swinney discussed how much he has already learned from Bill Belichick in his brief time in the ACC.

The feeling is evidently mutual.

Belichick described Swinney as a ‘friend for a long time,’ noting that the two often interacted when Belichick was with the Patriots and was evaluating Clemson players he was interested in drafting.

‘I have so much respect for him,’ Belichick said.

Bill Belichick drawing huge crowds at ACC media days

Even for something as mundane as walking from one media hit to another inside the convention space of a Charlotte hotel, Bill Belichick has been attracting a crowd of reporters chronicling his every step — including when he’s coming out of the bathroom.

What time is Bill Belichick speaking at ACC media days?

Date: Thursday, July 24
Time: 2 p.m. ET

Belichick is scheduled to take the stage at ACC media days in Charlotte at 2 p.m. ET on Thursday, July 24.

What channel is ACC media days on today?

TV channel: ACC Network
Streaming: ESPN app | ESPN+ | Fubo (free trial)

Belichick’s news conference at ACC media days, as well as all coach and player news conferences at the event, will air on the ACC Network.

Streaming options include the ESPN app, which requires a valid cable login to access; ESPN+, ESPN’s subscription streaming service; and Fubo, which offers a free trial to potential subscribers.

Will Jordon Hudson be at ACC media days?

It’s unclear whether Belichick’s girlfriend, who he described in his memoir as his “creative muse,” will be joining him in Charlotte for ACC media days.

At the very least, Belichick will be in Charlotte with four of his players — defensive backs Thaddeus Dixon and Will Hardy, quarterback Gio Lopez and wide receiver Jordan Shipp — all of whom will also be speaking with the assembled media.

ACC media days schedule today

With Belichick serving as the headliner — which is no small feat considering he’s speaking the same day as a two-time national championship head coach in Clemson’s Dabo Swinney — here’s a rundown of what teams will be sending out their coaches and players to meet with the media Thursday:

All times Eastern

Boston College: 10-10:30 a.m.
Virginia Tech: 11-11:30 a.m.
Clemson: 12-12:30 p.m.
Duke: 1-1:30 p.m.
North Carolina: 2-2:30 p.m.
NC State: 3-3:30 p.m.

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