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The White House slammed the ‘radical left’ in a social media post Sunday, showing an AI-generated image of President Donald Trump wielding a lightsaber in celebration of May the Fourth, or ‘Star Wars Day.’

May 4 has long been regarded as a day to celebrate the iconic movie franchise as fans post on social media ‘May the Fourth be with you,’ an offshoot of the memorable Star Wars quote ‘May the force be with you.’

On Sunday, the White House took an opportunity to celebrate the popular day with a post on X, while also taking digs at the Trump administration’s biggest critics.

‘Happy May the 4th to all, including the Radical Left Lunatics who are fighting so hard to bring Sith Lords, Murderers, Drug Lords, Dangerous Prisoners, & well known MS-13 Gang Members, back into our Galaxy. You’re not the Rebellion—you’re the Empire,’ the White House wrote. ‘May the 4th be with you.’

The post included an AI-generated image of Trump, who not only donned a Jedi robe and set of ripped arms but also held a red lightsaber. Behind him in the image were two bald eagles and two American flags.

The post received mixed reactions.

‘Our efforts to FOIA info about a reported ‘Death Star’ have been stonewalled. And we pulled The Honorable Darth Vader as a judge when we sued so THAT will go nowhere,’ a user wrote.

Another user asked X’s AI feature Grok what the meaning of a red lightsaber is in Star Wars. Those who follow the science fiction franchise will remember Darth Vader, Kylo Ren and others associated with the dark side or Sith powers used a red lightsaber of some sort.

The Star Wars fandom website Wookieepedia explains that in the process of making a lightsaber, negative emotions like rage, hate, fear and pain would result in a red hue.

‘How do you not have one nerd on staff to tell you what color lightsaber is good and what color is bad???’ a user asked in reaction to the White House post.

But supporters of the president were quick to respond to reactions about the color of the lightsaber Trump is holding in the image.

‘People arguing Trump using a red lightsaber equates him to evil…R ed is literally one of the three colors in our nation’s flag,’ a user wrote. ‘He is the leader of the Republican Party which is often ascribed the color Red. Context matters.’

Fox News Digital has reached out to the White House for comment on the matter.

Still, the White House was not the only federal government agency to have fun with May the Fourth.

The U.S. Army Pacific posted an AI-generated image to social media of two soldiers with lightsabers – one holding red and the other holding a red, white and blue weapon – walking into combat at night, with the Milky Way Galaxy behind them.

‘Across every galaxy – known and unknown – no force rivals our discipline, strength, and precision,’ the post read. ‘We don’t just defend the world. We protect the future. Victory is forged not found. May the 4th be with you.’

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Hazer Group Ltd (‘Hazer’ or ‘the Company’) (ASX: HZR) is pleased to announce it has entered into a binding Alliance Agreement (the “Alliance”) with Kellogg Brown and Root LLC (NYSE: KBR, “KBR”) a global leader in technology and engineering solutions, for the commercial deployment and licensing of Hazer’s proprietary methane pyrolysis technology.

Highlights

  • Binding strategic alliance with KBR (NYSE: KBR), a world-leading engineering group and global technology licensor set to supercharge Hazer’s commercialisation strategy
  • Hazer is KBR’s exclusive partner for marketing and licensing of methane pyrolysis technology
  • Clear revenue visibility targeting multiple license deals within 6 years, materially derisking Hazer’s business plan
  • Capital-lite licensing model maintained; KBR A$3million work program contribution preserves Hazer’s robust funding position
  • Strengthens Hazer’s market penetration into high-growth market segments of ammonia and methanol, and regions including North America and Middle East
  • CEO Glenn Corrie and other members of the management team will be hosting a webinar on Wednesday, 07 May 2025 at 09:00am (AWST) / 11:00am (AEST). Details provided below

KBR – A Global Leader in Technology Licensing

KBR is a world-renowned engineering and technology company delivering engineering and cutting-edge technology licensing solutions to companies and governments across energy, chemicals, infrastructure and defence. KBR has licensed over 260 grassroots ammonia plants since 1943. Over 50% of the world’s ammonia is produced using KBR’s ammonia process.

KBR also brings a strong track record in commercialising breakthrough industrial technologies. Notable partnerships include ExxonMobil for next-generation catalyst development, and Mura Technology (including a US$100 million strategic investment) to scale its proprietary plastic recycling solution world-wide.

Under the Alliance, KBR will be Hazer’s exclusive global partner for the marketing, licensing and deployment of Hazer technology to customers in the ammonia and methanol markets. KBR and Hazer will also work closely to pursue licensing opportunities in decarbonizing hydrogen markets beyond these exclusive markets.

KBR’s President Sustainable Technology Solutions, Jay Ibrahim, said:“KBR’s proven global expertise in deploying sustainable technology solutions complements Hazer’s leading methane pyrolysis technology, making us ideal partners. Our market assessment and due diligence have highlighted Hazer’s potential to decarbonize the global ammonia and methanol sectors. We are excited to partner with Hazer to provide a compelling low- carbon hydrogen production solution to meet growing global demand.’

Hazer’s CEO and Managing Director, Glenn Corrie, said:“We are excited to be joining forces with KBR to commercialise Hazer’s world-leading clean hydrogen technology on the global stage. This is a transformational transaction for Hazer coming at a critical time when the world urgently needs affordable, low-emissions hydrogen to decarbonise legacy hard-to-abate industries. Building on the momentum of our successful Commercial Demonstration Plant and technology test program, which laid the foundations of commercialisation last year, this partnership represents a strong endorsement and the next logical step in delivering on our strategic roadmap and unlocking long-term value for shareholders.

KBR has the scale, capability and reputation to help accelerate the deployment of Hazer’s technology at industrial scale. We see immediate potential in the ammonia and methanol sectors – industries with significant CO2 footprints and strong demand for clean alternatives. KBR’s market leadership, global reach and execution strength make them an ideal partner to bring our vision to life.”

Strategic Alliance to Commercialise Hazer’s Leading Methane Pyrolysis Technology

Under the Alliance, Hazer and KBR will collaborate on the up-scaling, marketing and licensing of the Hazer technology for commercial deployment.

Under the terms of the agreement, KBR will be Hazer’s exclusive licensing partner for the ammonia and methanol markets while working closely in other hydrogen sectors. The initial term of the Alliance is six (6) years with an option to extend subject to the achievement of performance metrics. The parties have agreed to collaborate on the development of a design package for Hazer facilities targeting hydrogen capacities of 50,000+ tonne per annum as well as the global sales, marketing and licensing of Hazer’s technology. Hazer will be KBR’s exclusive methane pyrolysis technology provider.

The total cost of the Alliance work program is anticipated to be in the range A$3.0-5.0 million of which KBR will contribute approximately A$3.0 million over the work program period. The Alliance is underpinned by performance objectives with a target of securing multiple firm licensing opportunities during the initial term.

In respect of royalty and licensing fee sharing, the Company will keep the market informed as license arrangements are signed. Hazer’s pre-existing portfolio and opportunity pipeline is not subject to the terms of the Alliance. An incentive structure applies in the event KBR secures a license for the first commercial unit secured within three years. There is no financial impact at this stage as no client agreements are in place.

In other terms, the agreement can terminate if licensing performance metrics are not met. Hazer retains full ownership of its existing intellectual property. The agreement otherwise contains terms customary for an arrangement of this kind.

Click here for the full ASX Release

This post appeared first on investingnews.com

President Donald Trump said Sunday that he plans to appoint a new national security advisor in about six months, telling reporters the former advisor, Mike Waltz, did not resign, but was instead tapped for an upgraded position as the administration’s ambassador to the United Nations.

Trump spoke with reporters on Air Force One on Sunday night, where he was asked about several topics, including the trade deals, Mexican cartels and the national security advisor position.

One reporter asked the president about Waltz’s exit as the national security advisor, which the president said he was being selected for what he called a ‘higher position,’ or an ‘upgrade.’

Trump also said Waltz did not make any mistakes, and, as the ambassador to the UN, he would do a good job.

‘I didn’t lose confidence in him,’ Trump said. ‘He’s going to the United Nations for a reason. To me, I think it’s personally, if I had assurance for myself… I’d rather have that job than the other.’

He also reiterated that Waltz did not resign, but instead, Trump moved him.

‘There was no resignation,’ the president said.

Waltz and other National Security Council staffers were ousted from their office on Thursday in the most high-profile executive office exits of the second Trump administration. Trump’s announcement on naming Waltz as U.N. ambassador unfolded just hours after the news began circulating. 

Trump told reporters Sunday that he plans to appoint someone to the national security advisor position within six months, saying there are a lot of people who want the job, which works into Secretary of State Marco Rubio’s – the interim national security advisor – current responsibilities.

The president was specifically asked if White House deputy chief of staff Stephen Miller was being considered for the role.

‘Stephen Miller at the top of the totem pole? I mean, I think he sort of indirectly already has that job… because he has a lot to say about a lot of things,’ Trump said. ‘He’s a very valued person in the administration, Stephen Miller.’

The president was also asked if any trade deals would be announced this week, answering that there could be some coming.

But when pressed if he could say more about the deals, Trump held back.

‘Nobody understands,’ he said. ‘We’re negotiating with many countries. But at the end of this, I’ll set my own deals because I set the deal. They don’t set the deal. I set the deal.’

Trump said he is meeting with almost all of the countries regarding trade deals, including China.

Explaining the process further, Trump said he will set the tariff, and a country could agree to it or not.

‘They don’t have to deal with us, which is ok, because we lost under Biden. We’re losing $5 billion a day,’ he said. ‘Think of it. $5 billion a day. Now we’re not dealing with China at all because of the tariffs… Because of that, we’re saving billions of dollars.’

During the gaggle, a reporter also asked if it was true that he offered to send U.S. troops to Mexico to take care of the cartels.

‘It’s true because they should be. They are horrible people that have been killing people left and right,’ Trump said. ‘They’ve made a fortune in selling drugs and destroying other people.’

He explained that the cartels are responsible for importing fentanyl into the U.S., which has killed over 300,000 people this year.

Trump called the cartel members ‘bad news.’

‘If Mexico wanted help with the cartels, we would be honored to go in and do it,’ Trump said ‘I told [Mexican President Claudia Sheinbaum] that I would be honored to go in and do it. The cartels are trying to destroy our country. They’re evil.’

The offer was ultimately rejected, which Trump said was because Sheinbaum is afraid of the cartels, so afraid that she ‘can’t even think straight.’

This post appeared first on FOX NEWS

President Donald Trump decried the state of the motion picture industry in a social media post on Sunday while announcing plans to implement a Hollywood-related tariff.

In a Truth Social post on Sunday, Trump wrote that the ‘Movie Industry in America is DYING a very fast death.’

‘Other Countries are offering all sorts of incentives to draw our filmmakers and studios away from the United States,’ Trump claimed. ‘Hollywood, and many other areas within the U.S.A., are being devastated.’

The president said that the situation was a ‘concerted effort by other Nations and, therefore, a National Security threat.’

‘It is, in addition to everything else, messaging and propaganda!’ Trump wrote.

The Republican said that his plans to institute a tariff are in the works, and he authorized the Department of Commerce and the United States Trade Representative ‘to immediately begin the process of instituting a 100% Tariff on any and all Movies coming into our Country that are produced in Foreign Lands.’

‘WE WANT MOVIES MADE IN AMERICA, AGAIN!’ Trump concluded.

The comments come after several of Trump’s tariff plans have been paused in recent months due to market turmoil and backlash. On Sunday, Trump said that he would not drop tariffs on China to get Beijing to come to the negotiating table.

‘At some point, I’m going to lower them, because otherwise you could never do business with them,’ Trump told NBC’s Kristen Welker. ‘And they want to do business very much like their economy is really doing badly. Their economy is collapsing.’ 

Fox News Digital’s Danielle Wallace contributed to this report.

This post appeared first on FOX NEWS

Former Vice President Mike Pence was honored on Sunday night for his actions on Jan. 6, 2021, in defying his then-boss, President Donald Trump.

Pence received the John F. Kennedy Profile in Courage Award for his refusal to honor Trump’s request to throw out the results of the 2020 presidential election, and instead oversaw congressional certification of former President Joe Biden’s Electoral College victory.

‘Vice President Pence put his life career and that of his family on the line to execute his constitutional responsibilities. His actions preserved the fundamental democratic principle of free and fair elections and we are proud to honor him,’ former ambassador Caroline Kennedy, the late President Kennedy’s daughter, said in presenting Pence with the award.

Pence, in accepting the annual award, emphasized that it’s a ‘distinction that I will cherish for the rest of my life.’

And the former vice president, pointing to his actions on Jan. 6, said to a standing ovation, ‘I will always believe by God’s grace that I did my duty that day.’

In a Fox News Digital interview minutes after the awards ceremony, Pence said, ‘in all my travels across the country in the last four years, I’ve been deeply humbled by how many Americans have come up to me and just taken a point to encourage us and support us, and it convinces me that the American people know that what ever differences we may have, the Constitution is the common ground on which we stand.’

The now-65-year-old Pence was Indiana’s governor when Trump named him his running mate in 2016. For four years, Pence served as the loyal vice president to Trump during the president’s first term in the White House.

However, everything changed on Jan. 6, 2021, as right-wing extremists — including some chanting ‘hang Mike Pence’ — stormed the U.S. Capitol aiming to upend congressional certification, overseen by Pence as part of his constitutional duties as vice president, of Biden’s Electoral College victory.

The attack on the Capitol took place soon after Trump spoke to a large rally of supporters near the White House about unproven claims that the 2020 election was ‘rigged’ due to massive ‘voter fraud.’

Pence has long described the violent attack on the Capitol as ‘tragic’ and dishonoring to ‘the millions of people who had supported our cause around the country.’ He has emphasized that he did ‘the right thing’ and performed his ‘duty under the Constitution.’ He has also noted a number of times that he and Trump may never ‘see eye to eye on that day.’

While Pence, his family and top aides were hastily moved by Secret Service agents as rioters roamed the halls of the Capitol, Trump argued in a social media post that ‘Mike Pence didn’t have the courage to do what should have been done to protect our Country and our Constitution, giving States a chance to certify a corrected set of facts, not the fraudulent or inaccurate ones which they were asked to previously certify.’

Pence rejected the advice of the Secret Service that he flee the Capitol, and after the rioters were eventually removed from the Capitol, he resumed his constitutional role in overseeing the congressional certification ceremony.

The former vice president has repeatedly refuted Trump’s claim that he could have overturned the presidential election results. Despite that, hardcore Trump loyalists have never forgiven Pence, whom they view as a traitor, for refusing to assist the president’s repeated efforts to overturn the 2020 election results.

Pence in June 2023 launched a presidential campaign of his own, joining a large field of challengers to Trump gunning for the 2024 GOP nomination, becoming the first running mate in over 80 years to run against their former boss.

Pence ran on a traditional conservative platform, framing the future of the Republican Party against what he called the rise of ‘populism’ in the party. 

Among the slim anti-Trump base of the Republican Party, Pence received praise for his courage during the attack on the Capitol, often receiving thanks at town halls during his campaign for standing up to Trump. 

While Pence regularly campaigned in the crucial early-voting states of Iowa, New Hampshire and South Carolina, his White House bid never took off. Struggling in the polls and with fundraising, he suspended his campaign just four and a half months after declaring his candidacy.

The Profile in Courage Award is named for a book the late John F. Kennedy published in 1957 before he became president.

The award honors public officials who take principled stands despite the potential political or personal consequences. Among the previous recipients were former Presidents Barack Obama, George H.W. Bush and Gerald Ford.

Jack Schlossberg, JFK’s grandson, who introduced the former vice president at the awards ceremony, said Pence ‘saved America that day.’

Caroline Kennedy, in honoring the former vice president, noted her ‘political differences’ with Pence, but emphasized that ‘political courage is not outdated in the United States.’

And Pence, a well-known fiscal and social conservative, joked about speaking in front of an audience dominated by Democrats, saying that he was ‘the minority in this room.’

After dropping his own bid for the White House, Pence declined to endorse Trump, even after Trump clinched the GOP nomination last spring, though he did congratulate his former running mate after his victory last November.

Trump and Pence were seen shaking hands at former President Jimmy Carter’s funeral in early January – their first public appearance together in nearly four years.

Pence has emerged as a rare vocal Republican critic of Trump so far during the president’s second tour of duty in the White House.

He has critiqued Trump’s controversial and haphazard implementation of massive tariffs on America’s largest trading partners, which initially sparked a massive stock market sell-off, and raised concerns of increased inflation and talk of a recession.

He has also criticized the president’s upending of longstanding American foreign policy and has urged Trump to stand with longtime international allies.

Pence’s public advocacy group, Advancing American Freedom, also campaigned against the nomination of Robert F. Kennedy Jr. to lead the nation’s health agencies.

This post appeared first on FOX NEWS

Rep. Marjorie Taylor Greene, R-Ga., expressed her frustrations on a variety of political topics on Friday, stating in a post on X that she represents the Republican base and if she’s unhappy, the base is too.

The congresswoman suggested that the situation does not bode well for future elections, as President Donald Trump will not be on the ballot.

‘I represent the base and when I’m frustrated and upset over the direction of things, you better be clear, the base is not happy,’ Greene wrote. ‘When you are losing MTG, you are losing the base. And Trump isn’t on the ballot in the future, so do the math on that.’

Fox News Digital reached out to Greene’s office for a comment on her post, but did not receive a response by the time of publication.

‘I campaigned for no more foreign wars. And now we are supposedly on the verge of going to war with Iran. I don’t think we should be bombing foreign countries on behalf of other foreign countries especially when they have their own nuclear weapons and massive military strength,’ the lawmaker wrote.

She has expressed staunch opposition to the minerals deal the Trump administration struck with Ukraine last week. 

The White House indicated that the ‘partnership between the United States and Ukraine establishes a fund that will receive 50% of royalties, license fees, and other similar payments from natural resource projects in Ukraine.’

Ukrainian official Yulia Svyrydenko noted, ‘the Fund will be financed exclusively from NEW licenses,’ and the U.S. ‘will contribute to the Fund. In addition to direct financial contributions, it may also provide NEW assistance — for example, air defense systems for Ukraine.’

Greene asked in her post, ‘Why on earth would we go over and occupy Ukraine and spend an untold amount of future American taxpayer dollars defending and mining their minerals as well as potentially putting American lives at risk and future war? Why don’t we just mine our own rare earth minerals that are tied up on federal lands that the government confiscated years ago?’

Another issue Greene expressed frustration with is the coronavirus pandemic, specifically the COVID-19 vaccines.

‘I also campaigned on accountability for the communist and tyrannical acts made by the government during Covid. Yet the Covid vaccine still has FDA approval even though there are millions reported injuries and deaths, and this mRNA vaccine is known to have horrific side effects and DOES NOT STOP PEOPLE FROM CATCHING COVID. And to this day, it’s still on the childhood vaccine schedule, why on earth is this happening?’ she asked.

This post appeared first on FOX NEWS

Chinese bargain retailer Temu changed its business model in the U.S. as the Trump administration’s new rules on low-value shipments took effect Friday.

In recent days, Temu has abruptly shifted its website and app to only display listings for products shipped from U.S.-based warehouses. Items shipped directly from China, which previously blanketed the site, are now labeled as out of stock.

Temu made a name for itself in the U.S. as a destination for ultra-discounted items shipped direct from China, such as $5 sneakers and $1.50 garlic presses. It’s been able to keep prices low because of the so-called de minimis rule, which has allowed items worth $800 or less to enter the country duty-free since 2016.

The loophole expired Friday at 12:01 a.m. EDT as a result of an executive order signed by President Donald Trump in April. Trump briefly suspended the de minimis rule in February before reinstating the provision days later as customs officials struggled to process and collect tariffs on a mountain of low-value packages.

The end of de minimis, as well as Trump’s new 145% tariffs on China, has forced Temu to raise prices, suspend its aggressive online advertising push and now alter the selection of goods available to American shoppers to circumvent higher levies.

A Temu spokesperson confirmed to CNBC that all sales in the U.S. are now handled by local sellers and said they are fulfilled “from within the country.” Temu said pricing for U.S. shoppers “remains unchanged.”

“Temu has been actively recruiting U.S. sellers to join the platform,” the spokesperson said. “The move is designed to help local merchants reach more customers and grow their businesses.”

Before the change, shoppers who attempted to purchase Temu products shipped from China were confronted with “import charges” of between 130% and 150%. The fees often cost more than the individual item and more than doubled the price of many orders.

Temu advertises that local products have “no import charges” and “no extra charges upon delivery.”

The company, which is owned by Chinese e-commerce giant PDD Holdings, has gradually built up its inventory in the U.S. over the past year in anticipation of escalating trade tensions and the removal of de minimis.

Shein, which has also benefited from the loophole, moved to raise prices last week. The fast-fashion retailer added a banner at checkout that says, “Tariffs are included in the price you pay. You’ll never have to pay extra at delivery.”

Many third-party sellers on Amazon rely on Chinese manufacturers to source or assemble their products. The company’s Temu competitor, called Amazon Haul, has relied on de minimis to ship products priced at $20 or less directly from China to the U.S.

Amazon said Tuesday following a dustup with the White House that had it considered showing tariff-related costs on Haul products ahead of the de minimis cutoff but that it has since scrapped those plans.

Prior to Trump’s second term in office, the Biden administration had also looked to curtail the provision. Critics of the de minimis provision argue that it harms American businesses and that it facilitates shipments of fentanyl and other illicit substances because, they say, the packages are less likely to be inspected by customs agents.

This post appeared first on NBC NEWS

The market does not always follow the same script or sequence, but bear markets typically end with a bottoming process marked by specific stages. These include capitulation, a short-term reversal-thrust, a follow-through thrust and long-term regime change. The first two stages mark downside excess and the initial turn around, while the latter two signal strong follow through. Today’s report will look at the first two phases, and preview the last two.

Phase 1: Capitulation

The capitulation phase of a bear market occurs when traders throw in the towel as downside momentum and selling pressure accelerate. Usually, the capitulation phase occurs after an extended decline, and this phase is the first step to a bottom. The chart below shows SPY with Bollinger Bands (200,3), %B (200,3) and S&P 500 Percent Above 200-day SMA ($SPXA200R). Signs of capitulation emerge when %B is below 0 and/or fewer than 20% of S&P 500 stocks are above their 200-day SMAs. The blue dashed lines show capitulation in June 2022, September 2022 and early April 2025. Note that we initially covered this capitulation phase in a report on April 8th.

Phase 2: Short-term Thrust Signals (ZBT)

Phase 2 is marked by a sharp-reversal from oversold extremes and an upside thrust. The Zweig Breadth Thrust is perhaps the most famous thrust indicator these days. We covered the ZBT extensively over the last few weeks and introduced a strategy using this indicator. The chart below shows the S&P 1500 ZBT indicator in the lower window (10-day EMA of S&P 1500 AD%). A thrust signal triggered on April 24th and stocks followed through with further gains.  

Two Down and Two to Go

The capitulation phase showed excessive selling pressure and the thrust phase marked a short-term reversal. These are bullish events, but the market cup is not yet half full. SPY remains below its 200-day SMA and the late March high (see chart above). Medium-term thrust indicators have yet to trigger and long-term breadth remains bearish. The 14% surge over the last 17 days is impressive, but keep in mind that SPY surged 10% in nine days in March 2022, which was a bear market bounce.

TrendInvestorPro produced a report this week covering the four phases – and what to watch going forward. Click here to take a trial and get immediate access.

  • Phase 1: Capitulation
  • Phase 2: Short-term Thrust Signals
  • Phase 3: Medium-term Thrust Signals
  • Capitulation and Thrust Indexes
  • Phase 4: Long-term Indicators turn Bullish
  • Short-term Improvements, but Longer Term 

//////////////////////////////////////////////////////

Gold trended down this week, dropping to just over US$3,200 per ounce on the first day of May.

While the yellow metal remains historically high after a strong run this year, its price has pulled back from last week’s record-setting level of US$3,500, causing concern for some market participants.

However, many experts agree that this week’s retreat isn’t a reason to worry.

His technical analysis shows that the US$3,100 to US$3,140 area will be important to watch moving forward — in his view, that’s when bullish players should start re-entering the space, boosting the price.

Soloway also outlined gold’s future price potential, saying he sees a potential path to US$7,000. Check out the full interview for more of his thoughts on gold, as well as silver and the US economy.

Bullet briefing — Fed to meet next week, US-Ukraine deal signed

Market watchers eye Fed meeting

Eyes are shifting to the US Federal Reserve’s next meeting, set to run from May 6 to 7. It follows initial numbers showing that real GDP contracted by an annual rate of 0.3 percent in Q1.

That’s the first negative reading since 2022, and as the news weighed on the stock market, US President Donald Trump took to social media to suggest the data is an ‘overhang’ from Joe Biden’s term.

Trump has pressured Fed Chair Jerome Powell to cut interest rates sooner than later, but CME Group’s FedWatch tool shows the vast majority of market participants expect rates to stay flat.

Trump advisor Elon Musk also has his eye on the Fed. Speaking to reporters on Wednesday (April 30), he said the US$2.5 billion renovation of the central bank’s headquarters could become a point of inquiry for the Department of Government Efficiency, better known as DOGE.

Calling the cost an ‘eyebrow raiser,’ Musk questioned where the money is being spent. The price of the project was initially set at US$1.9 billion in 2021, but has increased since then.

‘Since at the end of the day, this is all taxpayer money, I think we certainly — we should definitely — look to see if indeed the Federal Reserve is spending $2.5 billion on their interior designer’ — Musk

US, Ukraine sign critical minerals deal

The US and Ukraine signed a much-anticipated minerals deal on Wednesday, ending months of often-tense negotiations between the two countries. If approved by parliament in Ukraine, the agreement will set up a reconstruction investment fund that will be split 50/50 between each party.

According to Ukrainian officials, the deal is more equitable than previous versions.

The fund will be financed only by new licenses for critical materials, oil and gas; aside from that, Ukraine will not have to pay back wartime aid provided by the US.

While Ukraine had pushed for security guarantees from the US, that component ultimately wasn’t put in place. However, the US may provide new assistance to Ukraine, such as air defense systems.

A total of 55 minerals are reportedly covered in the arrangement, but more can be added in the future if there is consensus between the US and Ukraine. Although the US will get preferential rights to mineral extraction, Ukraine will have the final say on what is mined and where, and will retain subsoil ownership.

The agreement comes on the back of an increasing global focus on critical minerals, many of which are key for new technology and important industries like defense.

It’s worth noting that while Ukraine is home to a wide variety of these commodities, more geological data will be needed to determine commercial viability — for example, there is no up-to-date information on the country’s reserves of rare earths, which are important to the US.

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

This post appeared first on investingnews.com

Vice President JD Vance, Second Lady Usha Vance and their young children are adjusting well to life as the Second Family, with the vice president telling Fox News Digital that they are trying to ‘deliver as much normalcy to the kids in a very abnormal situation.’ 

Vance sat down for an exclusive interview with Fox News Digital this week. 

‘Everyone is adjusting well—they are doing very well,’ Vance said. ‘It’s different, right?’ 

‘My seven-year-old son Ewan, he’s adjusting, but he’s also aware of all of it,’ Vance said. 

‘And then we have our five-year-old son, Vivek, who I think is a little bit less aware of it,’ Vance continued. ‘To him, it’s just fun. He has a bunch of Secret Service agents to play with, and he gets to go wherever he wants to, and he really likes that.’ 

‘And Mirabel, who’s three, has no idea what’s going on,’ Vance said of his youngest. 

Vance shared a photo of Mirabel, which he and his wife display in their home in the Naval Observatory, ‘in her pajamas reviewing this Indian troop formation.’ 

‘It’s so funny—it’s maybe my favorite photo of the entire 100 days that we’ve had so far—it’s very cute,’ Vance said. ‘So, you sort of see different levels of kids’ understanding of it.’ 

Vance said the children ‘have a good school situation.’ 

‘We have good friends here, and they spend a lot of time at the White House,’ Vance said. 

‘Of course, our primary residence—we still have our home in Cincinnati—but our primary residence is the Naval Observatory,’ Vance said. ‘It’s very isolated, so it’s nice, because, for the kids, it’s not like growing up in a fishbowl.’ 

Vance said the children ‘have a lot of room to run around.’ 

‘There aren’t cameras everywhere, and it feels very, very private—very normal for the kids—which is all we could ask for,’ Vance said. 

As for his wife, Vance said ‘each second lady approaches the role differently—there’s not like, a manual that says—this is how you will be second lady.’ 

‘I think what Usha has done is she has focused on some issues she cares about and she is very involved in the Kennedy Center—she really likes the arts and that is a project that she’s taken on,’ Vance explained, adding that she plans to ‘take on additional projects.’ 

‘But she also is a mom,’ Vance said. ‘And the kids are really young, and she saw this as an opportunity to try to deliver as much normalcy to the kids in a very abnormal situation.’ 

He added: ‘But she’s doing well, and she really likes it—I think the role suits her and she’s having fun. She’s amazing.’ 

This post appeared first on FOX NEWS