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On Monday (June 30), Statistics Canada released its natural resource indicator report for the first quarter of 2025.

The data shows a 1.6 percent growth quarter-over-quarter in the real gross domestic product (GDP) of the sector during the three-month period, indicating that the sector outpaced the broader economy, which posted an increase of just 0.5 percent.

The energy subsector led the way with a 2.2 percent gain, driven by increases of 2 percent in crude oil and 3.4 percent in electricity.

The minerals and mining sector increased by just 0.4 percent overall. Within it, the manufacturing of metallic mineral products grew 4 percent, and non-metallic mineral extraction rose 3.2 percent. On the other hand, metallic mineral extraction declined by 2.9 percent

Although real GDP increased, exports declined at the start of the year. Energy exports fell by 1.8 percent, due to a 12.4 percent decrease in outgoing refined petroleum products. Similarly, mineral and mining exports were also down by a more modest 0.9 percent.

South of the border, the “One Big Beautiful Bill” was passed by the US Congress on Thursday (July 3). The legislation is a cornerstone policy of President Donald Trump’s economic policy and includes several significant tax and spending cuts.

Among the provisions is an extension of US$4.5 trillion in tax breaks originally enacted by Trump in 2017 during his first term.

The package will increase defense and national security spending, including significantly increased funding for Immigration and Customs Enforcement and money earmarked for the development of the “Golden Dome” missile defense system.

To offset the decrease in tax income and increase in spending, the government made US$1.2 trillion in cuts to Medicaid and food stamps and clawed back green energy tax credits.

Critics of the bill have warned that it would result in increased deficit spending by the government, as shortfalls are expected to add more than US$3.3 trillion to the federal deficit over the next decade.

Markets and commodities react

In Canada, markets were closed on Tuesday (July 1) for the Canada Day holiday. Equity markets saw moderate gains this week with the S&P/TSX Composite Index (INDEXTSI:OSPTX) rising 1.24 percent to close at 27,036.16 on Friday. The S&P/TSX Venture Composite Index (INDEXTSI:JX) fared better, gaining 3.9 percent to 755.22, while the CSE Composite Index (CSE:CSECOMP) climbed 1.9 percent to 120.92.

Markets in the US also had a shortened week and were closed on Friday for the July 4 holiday. US equities were also in positive territory this week, with the S&P 500 (INDEXSP:INX) gaining 2.09 percent to close Thursday at 6,279.36, the Nasdaq 100 (INDEXNASDAQ:NDX) climbing 1.7 percent to 22,866.97 and the Dow Jones Industrial Average (INDEXDJX:.DJI) rising 0.77 percent to 44,828.54.

The gold price rose 1.85 percent to US$3,333.90 by Friday at 4 p.m. EDT, while the silver price ended the week up 2.39 percent to US$36.85.

In base metals, the COMEX copper price was unchanged this week at US$5.12 per pound. Meanwhile, the S&P GSCI (INDEXSP:SPGSCI) gained 1.49 percent to close at 552.55.

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. Mkango Resources (TSXV:MKA)

Weekly gain: 90 percent
Market cap: C$147.17 million
Share price: C$0.57

Mkango Resources is a rare earths exploration and development company focused on advancing rare earths mining and recycling projects.

The company owns the Songwe Hill rare earths project in Southeast Malawi. The property comprises 11 retention licenses and has undergone historic exploration dating back to the 1980s.

A July 2022 feasibility study for the property demonstrated economic viability with a post-tax net present value of US$559 million, an internal rate of return of 31.5 percent and a payback period of 2.5 years.

The report was based on a February 2019 mineral reserve estimate that reported measured and indicated total rare earth oxide (TREO) resources of 297,400 metric tons from 21.03 million metric tons of ore with an average grade of 1.5 percent and inferred resources of 366,200 metric tons of TREOs from 27.54 million metric tons of ore with an average grade of 1.33 percent.

The company is also developing the Pulawy rare earth separation plant in Poland in partnership with Grupa Azoty Zakłady Azotowe. Once complete, the plant is expected to produce 2,000 metric tons per year of neodymium, praseodymium and didymium oxides. It will also produce 50 metric tons per year of dysprosium and terbium oxides.

Additionally, Mkango holds a 79.4 percent interest in Maginito, which owns HyProMag, a company specializing in the recycling of rare earth magnets. The remaining 20.6 percent interest is held by CoTec Holdings (TSXV:CTH,OTCQB:CTHCF).

Shares in Mkango were up this week after the company announced on Thursday that it had entered into a definitive business combination agreement with Crown PropTech Acquisitions. The company stated that its subsidiary, Lancaster Exploration, and other subsidiaries would merge with Crown PropTech to create what it describes as a vertically integrated, global rare earths platform that incorporates Songwe Hill and the Pulawy separation plant. The combined entity will be named Mkango Rare Earths and trade on the Nasdaq.

Following the deal, which is targeted to close in Q4, Mkango will focus on its rare earths recycling business.

2. Lithium South (TSXV:LIS)

Weekly gain: 50 percent
Market cap: C$55.61 million
Share price: C$0.18

Lithium South is an exploration and development company working to advance its Hombre Muerto North lithium brine project in Argentina. The property consists of nine concessions covering a land package of 5,687 hectares.

According to its April 2024 preliminary economic assessment, the company is planning to install production wells at the Tramo, Natalia Maria and Alba Sabrina concessions. The assessment demonstrated project economics with a post-tax net present value of US$934 million, an internal rate of return of 31.6 percent and a payback period of 2.5 years.

The included mineral resource estimate for the three concessions reported a combined measured and indicated lithium resource of 297,400 metric tons from 404.1 million cubic meters of brine with an average concentration of 736 milligrams per liter.

The most recent news from Lithium South was released on June 25, when the company provided an update on its environmental impact assessment. Lithium South said that it had received a response from the mining secretariat of the Salta Province regarding the assessment and was in the process of responding to obtain final approval, which would allow the company to construct a pilot plant for its definitive feasibility study.

3. Oceanic Iron Ore (TSXV:FEO)

Weekly gain: 46.81 percent
Market cap: C$55.61 million
Share price: C$0.345

Oceanic Iron Ore is an exploration and development company working to advance its Ungava Bay iron projects in Northern Québec, Canada.

The properties consist of 3,000 claims covering a total land package of 1,500 square kilometers across three project areas: Hopes Advance, Morgan Lake and Roberts Lake.

A January 2020 preliminary economic assessment for Hopes Advance presented project economics, showing a post-tax net present value of US$1.4 billion, an internal rate of return of 16.8 percent and a payback period of 6.7 years.

The report also included a mineral reserve estimate for Hopes Advance with a measured and indicated resource of 515 million metric tons of iron concentrate from 1.39 billion metric tons of ore with an average grade of 32.1 percent.

On Monday, Oceanic announced it settled C$139,666 in accrued interest from several debentures by issuing common shares at a price of C$0.24. While its share price didn’t move much on that news, it picked up steam significantly in the latter half of the week.

4. Excellon Resources (TSXV:EXN)

Weekly gain: 44.44 percent
Market cap: C$55.61 million
Share price: C$0.325

Excellon Resources is an exploration and development company that is advancing its recently acquired Mallay silver mine in Peru back into production.

Mining at the site produced 6 million ounces of silver, 45 million pounds of zinc and 35 million pounds of lead between 2012 and 2018 before the operation was placed on care and maintenance.

On June 24, Excellon announced that it had completed its acquisition of Minera CRC, and its Mallay mine and Tres Cerros gold-silver project in Peru.

Excellon began the court-supervised acquisition process in October 2024. On March 11, Excellon announced that it had entered into a definitive agreement with Adar Mining and Premier Silver, which resolved any outstanding disputes between Adar, Premier, and Minera, and paved the way to complete the transaction.

In the June release, the company stated that it will immediately commence the next phase of its strategy to restart the mine. As Mallay is fully permitted with infrastructure in place, Excellon is aiming for run-rate silver production in Q2 of next year.

Additionally, the company announced on Thursday that it had appointed Mike Hoffman to its board of directors. Hoffman has been in the mining sector for over 35 years, and has experience with developing mines in Latin America.

5. Benz Mining (TSXV:BZ)

Weekly gain: 40.54 percent
Market cap: C$121.72 million
Share price: C$0.52

Benz Mining is a gold exploration company that is focused on advancing projects in Québec and Western Australia.

Its flagship Eastmain project consists of an 8,000 hectare property located in Central Québec within the Upper Eastmain Greenstone belt. The most recent mineral resource estimate from May 2023 reported an indicated resource of 384,000 ounces of gold from 1.3 metric tons of ore grading 9 g/t gold, and an inferred resource of 621,000 ounces of gold from 3.8 metric tons grading 5.1 g/t.

Earlier this year, Benz acquired the Glenburgh and Mt Egerton gold projects in Western Australia from Spartan Resources (ASX:SPR). It has spent much of 2025 exploring Glenburgh, which covers an area of 786 square kilometers and features 50 kilometers of strike. The site hosts six priority extension targets and 5 kilometers of exploration trend with over 100 parts per billion gold.

A November 2024 mineral resource estimate for Glenburgh showed an indicated and inferred resource of 510,000 ounces of gold from 16.3 million metric tons of ore with an average grade of 1 g/t gold.

On June 30, the company reported that it had encountered high-grade intercepts during its drill program at Glenburgh. One hole returned a grade of 2.9 g/t over 72 meters which included an intersection of 5.1 g/t over 39 meters at a depth of 319 meters.

The company stated that the results represent a significant step forward in “understanding and expanding the gold system.”

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

For the first time in over a century, Parisians and tourists will be able to take a refreshing dip in the River Seine. The long-polluted waterway is finally opening up as a summertime swim spot following a 1.4 billion euro ($1.5 billion) cleanup project that made it suitable for Olympic competitions last year.

Three new swimming sites on the Paris riverbank will open on Saturday – one close to Notre Dame Cathedral, another near the Eiffel Tower and a third in eastern Paris.

Swimming in the Seine has been illegal since 1923, with a few exceptions, due to pollution and risks posed by river navigation. Taking a dip outside bathing areas is still banned for safety reasons.

The Seine was one of the stars of the Paris Olympics in 2024, whether as the scene of the ambitious opening ceremony or the triathlon and marathon swimming competitions. That didn’t go without challenging hurdles such as rainfall increasing levels of bacteria, which postponed some competitions.

The city’s authorities have given the green light for the public opening, with water quality results consistently in line with European regulations.

“It’s a symbolic moment when we get our river back,” said sports coach and influencer Lucile Woodward, who will participate in the first amateur open water competition in the Seine on Sunday.

Woodward, who enjoyed a dip alongside Paris Mayor Anne Hidalgo just before the start of the Olympic Games, is confident things will go well.

“We’re going to enjoy swimming in it, being there and setting an example,” she said. “Once people will see that in the end there are hundreds of people who have fun and enjoy it, everyone will want to go!”

“For families, going to take a dip with the kids, making little splashes in Paris, it’s extraordinary,” Woodward added.

Olympic athletes competing in the river was a spectacular reward for the cost of the cleanup effort.

In the run-up to the Games, authorities opened new disinfection units and created a huge storage basin meant to prevent as much bacteria-laden wastewater as possible from spilling directly into the Seine when it rains.

Houseboats that previously emptied their sewage directly into the river were required to hook up to municipal sewer systems. Some homes upstream from Paris also saw their wastewater connected to treatment plants instead of the rainwater system flowing directly into the river.

Green flag for swimming

Paris Deputy Mayor Pierre Rabadan said water is tested daily to confirm it’s safe to swim. As on French beaches, different colored flags will inform visitors whether or not they can go in.

“Green means the water quality is good. Red means that it’s not good or that there’s too much current,” he said.

Tests have been in line with European regulations since the beginning of June, with only two exceptions due to rain and boat-related pollution, Rabadan said.

“I can’t make a bet on the numbers of days when we’ll have to close this summer, but water quality seems better than last year,” he added. “We’re in a natural environment… so weather condition variations necessarily have an impact.”

Last year, several athletes became ill after competing in the triathlon and open water races during the Olympics, though in most cases it was not clear if the river was to blame for their sickness.

World Aquatics stressed the conditions met the sport’s accepted thresholds.

“The legacy of these efforts is already evident, with the Seine now open for public swimming – a positive example of how sports can drive long-term community benefits,” the organization said in a statement to The Associated Press.

Skepticism remains about water quality

Dan Angelescu, founder and CEO of Fluidion, a Paris and Los Angeles-based water monitoring tech company, has routinely and independently tested bacterial levels in the Seine for several years. Despite being in line with current regulations, the official water testing methodology has limitations and undercounts the bacteria, he said.

“What we see is that the water quality in the Seine is highly variable,” Angelescu said. “There are only a few days in a swimming season where I would say water quality is acceptable for swimming.”

“All we can say is that we can raise a hand and say look: the science today does not support the current assessment of water safety used in the rivers around Paris, and we think that there is major risk that is not being captured at all,” he said.

Some Parisians also have shown skepticism toward the idea of swimming in the Seine. The feeling is often reinforced by the water’s murky color, floating litter and multiple tourist boats in some places.

Enys Mahdjoub, a real estate agent, said he would not be afraid of swimming, but rather “a bit disgusted. It’s more the worry of getting dirty than anything else at the moment.”

A dream come true

Until the end of August, swimming sites will be open for free at scheduled times to anyone with a minimum age of 10 or 14 years, depending on the location. Lifeguards will keep a watchful eye on those first dips.

“It’s an opportunity, a dream come true,” said Clea Montanari, a project manager in Paris. “It’d be a dream if the Seine becomes drinkable, that would be the ultimate goal, right? But already swimming in it is really good.”

This post appeared first on cnn.com

As Denmark takes over the presidency of the European Union, Danes are more strongly pro-European than at any time in the past two decades – a shift in sentiment that can at least partly be attributed to US President Donald Trump.

An eye-opening survey published in March by Berlingske, a Danish daily newspaper, said 41% of Danes now see the United States as a threat. It also said 92% of respondents either “agree” or “mostly agree” that the Nordic nation needs to rely more on the European Union than the US for its security.

Given the recent tensions between Washington and Copenhagen, those statistics may not be surprising.

Since his return to the White House, Trump has spoken frequently and aggressively about Greenland, an autonomous crown dependency of Denmark, saying he would like the US to own it.

Vice President JD Vance and members of the Trump family have made what many see as provocative trips to and statements about the world’s largest island.

After Vance’s visit to the US military’s Pituffik Space Base in Greenland in March, Danish Prime Minister Mette Frederiksen pushed back on his claim that Denmark isn’t doing enough for defense in the Arctic, calling her country “a good and strong ally.”

Back in Trump’s first administration, too, Greenland was a hot topic. In 2019, he reportedly accused Frederiksen of making a “nasty” and “absurd” statement in discussions about the island.

Sinking trust in Trump

“Now we have a different Denmark,” she said.

“Things have dramatically changed in Denmark and our attitude toward Europe,” she said, without mentioning the president’s name directly.

She was also very clear that Denmark feels a sense of disappointment in its longtime ally.

Denmark would still like to have a strong relationship with the US, Bjerre said, “but in a situation where the US is closing itself more around itself… is threatening us with tariffs and also criticizing Europe, our freedom of expression and all sorts of other things. Of course, in that situation, we have to be stronger on our own.”

She added, “The world order, as we have known it since the Second World War, is changing and we have to deliver to that geopolitical new situation that we are standing in.”

The minister also referenced the historic ties and shared past experiences of both nations, expressing a degree of frustration, if not anger, about how that relationship has changed.

“You could not put a paper in between the US and Denmark, we have always supported the US. We went into war with our soldiers in Iraq and Afghanistan… Seeing us, as a country, being criticized for not being a good ally, of course, that does affect our opinion,” Bjerre said.

Per capita, Denmark lost the second-highest number of soldiers of all the US-led coalition partners fighting in Afghanistan. In total, 43 Danish soldiers died, equating to 7.82 deaths per million citizens. The US, by comparison, lost 7.96 soldiers per million.

“We used to be a very, very transatlantic country… that has plummeted,” said Friis. “There is now the feeling… we simply cannot trust him,” she said – the “him” being Trump.

‘Huge’ change in tone

The shift in Danes’ opinions coincides with Denmark taking up the rotating, six-month EU presidency.

Denmark has long worried about the EU wading into Danes’ lives, fearing in particular for its relatively unregulated labor market. It has various opt-outs on EU policy, including not joining the EU’s single currency, the euro.

“We do things differently to other European nations,” said Bjerre.

Politicians and citizens used to fear that the EU “would become too dominating and too powerful,” Friis said, but now “the fear is the complete opposite.” Danes feel the bloc is “too weak” to deal with Putin to the East and Trump to the West, she said.

Friis also described the prime minister’s shift in tone as “huge,” saying Frederiksen used to be “very skeptical towards the EU.”

In June, Frederiksen announced that Denmark was quitting the so-called “Frugal Four,” an informal group of EU nations that had pushed to limit common spending, saying that “the most important thing is to rearm Europe.”

Laying out Denmark’s priorities for the EU presidency later that month, she reiterated that view, saying: “Now more than ever Europe needs to step up and stand together. We have to build an even stronger Europe, a more secure Europe where we are able to protect our democracies.”

EU-commissioned, biannual polls show a clear trend of increased trust in the EU over the past two decades, rising from 46% in spring 2005 to 74% this past spring. Steeper increases can be seen during Trump’s first term, after Russia’s full-scale invasion of Ukraine, and as Trump’s second term began.

The war in Ukraine has had a significant influence on Danish views on the EU, Friis said.

“The very fact that you had a war in our backyard has sort of created a completely new sort of atmosphere around security in Denmark, people are worried. People are prepping now because they’re scared about what could happen also to our own security,” she said.

Bjerre said Copenhagen’s EU presidency would prioritize a “stronger Europe and a changing world,” with Europe having a real focus on security.

Denmark takes the European helm, then, at a time of increasingly pro-European sentiment among its own population and a wider recognition in Europe that it must do more to stand on its own. The problem is that some of Europe’s most pressing issues – Ukraine, trade tariffs and security – mean talking to the US and Trump. And at the moment, there may not be much love lost between the two.

This post appeared first on cnn.com

A man set the door of a synagogue alight and a group of protesters stormed an Israeli restaurant in Melbourne on Friday night, the latest in a wave of antisemitic attacks in Australian cities.

About 20 people were inside the synagogue in the downtown area of East Melbourne when a man poured flammable liquid on the front door of the synagogue on Albert Street before setting it on fire, Victoria state police said.

The group was having Shabbat dinner, marking the beginning of the Jewish day of rest, when the attack took place at 8 p.m. local time, Alex Ryvchin, the co-CEO of the Executive Council of Australian Jewry (ECAJ), wrote on X.

No one was injured and firefighters extinguished the small blaze, police said, adding that the perpetrator, who remains unidentified, fled the scene.

Just over 1 kilometer to the west on Hardware Lane – one of the city’s most popular areas for restaurants and nightlife – about 20 protesters stormed into an Israeli restaurant, chanting slogans, police said. A 28-year-old was arrested for hindering police, and has been released on a summons.

Speaking at a press briefing, Acting Commander Zorka Dunstan of Victoria state police said officers were also investigating a third attack early Saturday morning in which three cars were set on fire near a business in the northeastern suburb of Greensborough.

Suspects spray-painted the cars and the walls of the buildings, she said, adding that the business has been targeted by pro-Palestine protesters in the past.

The security investigation unit, part of the counter-terrorism command, is investigating all the incidents, though police have yet to declare whether they constitute a terrorism incident, Dunstan said.

“We will examine the intent and the ideology of the persons or person involved,” she said.

Many among Australia’s 117,000-strong Jewish population are anxious after spate of antisemitic attacks in the country’s two biggest cities, Sydney and Melbourne, since late last year – including arson attacks on synagogues, and swastikas scrawled on buildings and cars.

The latest attacks drew condemnation from officials and community leaders on Saturday.

Denouncing the synagogue attack on X Saturday, Premier of Victoria Jacinta Allan said it was “designed to shatter…peace and traumatize Jewish families.”

“That it happened on Shabbat makes it all the more abhorrent,” she added, noting that children and women were among the people present at the venue.

“Any attack on a place of worship is an act of hate, and any attack on a Jewish place of worship is an act of anti-Semitism,” she said.

Melbourne’s Lord Mayor Nicholas Reece described the attack as “shocking,” according to Nine News.

“I cannot condemn this sort of behavior in stronger terms… this is a city of peace and tolerance, and we will not stand for this,” he said.

Ryvchin, from the ECAJ, urged the nation to condemn “these deplorable crimes.”

“Those responsible cannot be reasoned with or appeased. They must be confronted with the full force of the law,” he wrote on X.

This post appeared first on cnn.com

US President Donald Trump says he’s “optimistic” a ceasefire deal in Gaza could be agreed next week after Hamas announced that it had “submitted a positive response” to a proposal for a 60-day truce with Israel.

“We have to get it over with,” Trump said Friday. “We have to do something about Gaza.”

Israel and Hamas have long had conflicting demands that negotiators have been unable to bridge, but with both now agreeing the revised proposal, for the first time in months an agreement seems within reach.

The renewed efforts gathered steam following a truce between Iran and Israel but also reflect US pressure and a shift in Israel’s war goals. Here’s what to know.

Why now?

Netanyahu’s government has faced mounting international criticism for the suffering its war is inflicting on Palestinians in Gaza.

Israel imposed a total blockade on humanitarian deliveries to the enclave in March. It somewhat eased the blockade in May, after a chorus of global experts warned that hundreds of thousands of people could soon starve.

Hundreds of Palestinians in Gaza have been killed by Israeli strikes in recent days. And aid distribution has been marred by violence, with hundreds killed on their way to try to obtain food from the Gaza Humanitarian Foundation (GHF), the controversial US-backed aid initiative that began operating at the end of May.

Pressure is also growing on Netanyahu from within Israel.

His government is propped up by far-right figures who want to escalate the fighting in Gaza, but opposition leader Yair Lapid said Wednesday that he would join the coalition government to make a hostage deal possible. Polls have repeatedly shown that a majority of the country wants a deal to bring the hostages home, even if it means an end to the war.

What are Israel’s demands?

In addition to the aim of bringing the hostages home, Netanyahu has not wavered from his more maximalist aims: disarmament of Gaza and the destruction of Hamas’ military capabilities and governance abilities.

But last weekend, the prime minister made a rhetorical shift in laying out Israel’s goals – for the first time prioritizing the return of hostages ahead of what he once called the “supreme objective” of defeating Hamas.

Netanyahu said “many opportunities have opened up” following Israel’s military operations in Iran, including the possibility of bringing home everyone still held captive by Hamas. “Firstly, to rescue the hostages,” he said. “Of course, we will also need to solve the Gaza issue, defeat Hamas, but I believe we will accomplish both missions.”

The comments were welcomed by families of hostages held in Gaza, who have criticized him for not clearly placing releasing their Ioved ones as Israel’s primary goal. Only a small number of hostages have been rescued in military operations rather than freed under truces.

The Israeli military this week recommended pursuing a diplomatic path in Gaza after nearly two years of fighting and the elimination of much of Hamas’ senior leadership.

What about Hamas?

Hamas announced on Friday that it “submitted a positive response to the mediators, and the movement is fully prepared to immediately enter into a round of negotiations regarding the mechanism for implementing this framework.”

The militant group has three main demands: a permanent end to the fighting, for humanitarian assistance to be carried out by the United Nations, and for Israel to retreat to the positions it held on March 2 this year, before it renewed its offensive and occupied the northern part of the Strip.

In response to the earlier Trump administration-backed ceasefire proposal in May, Hamas requested US assurances that permanent ceasefire negotiations will continue and that fighting will not resume after the 60-day pause.

Whether the ceasefire will be temporary or a pathway to a permanent truce is the biggest sticking point between the warring parties.

While Israel wants to eradicate Hamas following the Oct. 7 attacks, the group has shown little willingness to relinquish its political and military power in Gaza.

Officials in the group have given contradictory statements as to Hamas’ role in a post-war Gaza. The group’s spokesperson, Hazem Qassem, has said that the group is not “clinging to power” and does not have to be part of arrangements “in the next phase.”

What’s in the proposed deal?

While the fine detail of the proposal is yet to be released it is clear that the revised plan is an attempt to bridge some of the differences between Israel and Hamas.

A source familiar with the negotiations said that the timeline of the latest proposal calls for the release of 10 living Israeli hostages and 18 deceased hostages spread out over the full 60-day period.

Of the 50 hostages still in Gaza, at least 20 of them are believed to be alive, according to the Israeli government.

Similiar to previous ceasefires, on the first day of the truce, Hamas would release eight living hostages. In exchange, Israel would release an unspecified number of Palestinian prisoners and detainees, and withdraw its forces from pre-agreed locations in northern Gaza.

Israel and Hamas would also immediately enter into negotiations for a permanent ceasefire once the initial truce goes into effect, the source said.

Under the deal, hostages will be released without ceremonies or fanfare at Israel’s request – unlike during the last truce, when Hamas staged public propaganda events around hostage transfers that sparked outrage in Israel.

Humanitarian aid will immediately begin to flow into Gaza at the start of the ceasefire, including from the United Nations and from other aid organizations, similar to the previous ceasefire which began on January 19.

This leaves the fate of the US-backed GHF and its role in Gaza unclear.

Although both sides have accepted the proposal more talks must take place before a ceasefire begins.

In these proximity talks, likely to take place in Doha or Cairo, negotiators shuttle back and forth between the two sides to hammer out the final details of the agreement.

One of the key issues to resolve during proximity talks will be the timeline and location of the withdrawal of Israeli forces in Gaza during the 60-day ceasefire, according to the source.

When were the previous ceasefires?

In the 21 months of war between Israel and Hamas, ceasefires have been in place for a total of only nine weeks.

More than 57,000 people, of which more than 17,000 are children, have been killed in Gaza during the fighting, according to the Palestinian health ministry.

The first ceasefire came into effect in November 2023, but lasted only a week. In that time, 105 hostages were released from Gaza, in exchange for scores of Palestinian prisoners.

A second ceasefire was not struck until January 2025, shortly before Trump’s return to the White House. In just over 8 weeks – the first “phase” of the ceasefire – Hamas freed 33 hostages, with Israel releasing around 50 Palestinian prisoners for every Israeli freed.

Under the planned second stage, Israel was supposed to agree to a permanent ceasefire. But Israel resumed its offensive on March 18, shattering the ceasefire and derailing the talks, saying it did so to put pressure on Hamas to release the remaining hostages.

This post appeared first on cnn.com

This holiday-shortened week was anything but short on action! The S&P 500 and Nasdaq Composite closed at record highs, but what is really driving the market?  

In this essential recap, expert Mary Ellen McGonagle dives into the sectors and stocks making big moves. She’ll reveal why energy and financial stocks are heating up, discuss the surge in biotech and regional banks, and provide key insights into software and renewable energy trends. 

Discover the technical signals behind these moves and learn how you can spot early-stage reversals across different sectors. 

Don’t miss Mary Ellen’s latest insights from July 3, 2025.

You can watch it on our dedicated page for Mary Ellen’s videos.

New videos from Mary Ellen premiere weekly on Fridays. You can view all previously recorded episodes at this link.

If you’re looking for stocks to invest in, be sure to check out the MEM Edge Report! This report gives you detailed information on the top sectors, industries and stocks so you can make informed investment decisions.

Feeling a little anxious about the market, even with a strong economy? The truth is, money isn’t fleeing the market; it’s simply moving around, creating fresh opportunities. 

In this must-watch video, Tom Bowley of EarningsBeats eases those anxieties by providing charts that show this rotation. Tom shows clear signals of broad market participation, digging into the performance of key areas like transports, tech stocks, regional banks, small caps, and mid caps. He also touches on bonds, major indexes, and individual stocks with intriguing patterns. 

An interesting insight brought up in this video is that this market environment is drastically different from February. We’re seeing much more bullish action now with all areas of the market on the rise. If you’re looking to capitalize on the market’s rally, understanding these rotations is key. 

The video was recorded on July 2, 2025.

Russia has become the first nation to recognize the Taliban government of Afghanistan since it took power in 2021, announcing on Thursday it has accepted an ambassador from the Islamist group.

“We believe that the act of official recognition of the government of the Islamic Emirate of Afghanistan will give impetus to the development of productive bilateral cooperation between our countries in various fields,” the Russian foreign ministry said in a statement.

“We see significant prospects for cooperation in the trade and economic area with an emphasis on projects in the fields of energy, transport, agriculture, and infrastructure,” the statement continues. “We will continue to assist Kabul in strengthening regional security and combating the threats of terrorism and drug-related crime.”

The statement by the Russian ministry was accompanied by a photo of the new Afghan ambassador to Russia, Gul Hassan Hassan, handing his credentials to Russian Deputy Foreign Minister Andrey Rudenko.

In a post on X, alongside pictures of Foreign Minister Amir Khan Muttaqi meeting with Russian Ambassador to Kabul Dmitry Zhirnov, the Taliban’s foreign ministry hailed the decision as positive and important.

Thawing ties with the outside world

Russia’s recognition is historically significant. The former Soviet Union fought a 9-year war in Afghanistan that ended with Moscow withdrawing its troops in 1989 following their defeat by the Afghan mujahideen, some of whom later founded the modern Taliban.

In the aftermath of the 2021 US withdrawal from Afghanistan, Russia was one of a few nations to maintain a diplomatic presence in the country. Russia removed its designation of the Taliban as a terrorist group in April 2025.

While the Taliban has exchanged ambassadors with China and the United Arab Emirates, and has a long-standing political office in Qatar, those countries do not recognize it as the government of Afghanistan.

The lack of recognition has not prevented Afghanistan’s new rulers from doing business with the outside world. In 2023, a Chinese oil company signed an oil extraction deal with the Taliban.

Moreover, the Taliban has angled for the recognition of another former adversary: the United States. Efforts have reportedly ramped up since US President Donald Trump began his second term earlier this year. March 2025 saw the release of two Americans from Afghanistan, along with the US removing millions of dollars of bounties from three Taliban officials.

“You need to be forthcoming and take a risk,” US officials told the Taliban during a March meeting to secure an American prisoner’s release, according to the person familiar with the proceedings. “Do this, it will likely open up the door for a better relationship.”

It wasn’t the first time the US had diplomatically engaged with the Taliban. In the last year of his first term, Trump reached an agreement with the group for a full US withdrawal by 2021. The deal achieved a chaotic fulfillment as the Taliban swept to power during former US President Joe Biden’s first summer in the White House.

This post appeared first on cnn.com

Bert Dohmen, founder and CEO of Dohmen Capital Research, sees physical gold and silver as key safe havens as a potential bull trap in the broad stock market plays out.

‘We said we’re probably going to go to a new high in a major, widely watched index like the S&P 500 (INDEXSP:.INX). It’s going to be by a small amount a new high, and that’s going to close the bull trap,’ he said.

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

This post appeared first on investingnews.com