Archive

December 2025

Browsing

Altius Minerals (TSX:ALS,OTCQX:ATUSF) is making a bet on a lithium market recovery, agreeing to acquire Lithium Royalty (TSX:LIRC) in a C$520 million deal that will expand its exposure to battery metals.

Under a definitive agreement announced by the two companies on Monday (December 22), Altius plans to purchase all of the issued common and convertible common shares of Lithium Royalty for C$9.50 each.

The amount will be paid as either C$9.50 in cash or 0.24 of a common Altius share, according to shareholders’ election.

For Altius, the acquisition will allow it to bring a portfolio of 37 lithium royalties into its fold. None of them involve streams, and they span projects from production through early exploration.

Four of the royalties are tied to producing assets, three of which were commissioned in 2025 and are currently ramping up or expanding. Another 12 projects are in advanced stages with completed economic studies, while three to five additional assets are targeting startup between 2026 and 2030.

The company said the portfolio is geographically concentrated in lower-risk jurisdictions, with most assets located in Canada, Australia and South America, and diversified across both brine-based and hard-rock lithium production.

At the current spot price, Altius expects the acquired royalties to contribute between US$29 million and US$43.7 million in annual revenue by the end of the decade. Lithium carbonate equivalent prices fell to multi-year lows in 2025, holding below US$9,000 per metric ton for most of the year, even as demand continues to expand beyond electric vehicles.

Altius said global lithium demand is expected to exceed 1.5 million metric tons of lithium carbonate equivalent in 2025, with supply deficits potentially re-emerging as early as 2026 after years of oversupply.

Altius Chief Executive Brian Dalton said lithium has “emerged as a mainstream scale mined commodity,” and described the acquired portfolio as featuring “very long resource lives,” strong cost positioning and low jurisdictional risk.

A special shareholders’ meeting is scheduled to happen no later than March 10, 2026.

If approved, the deal is expected to close in the first quarter of 2026, after which Lithium Royalty shares will be delisted and the company will cease to be a reporting issuer in Canada.

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

This post appeared first on investingnews.com

A Christmas Eve jazz concert at the Kennedy Center was canceled just days after the White House announced that President Donald Trump’s name would be added to the iconic performing arts institution in Washington, D.C.

The show’s host, musician Chuck Redd, who has led the holiday ‘Jazz Jams’ at the Kennedy Center since 2006, said he called off his performance after Trump’s name was added to the facility.

‘When I saw the name change on the Kennedy Center website and then hours later on the building, I chose to cancel our concert,’ Redd told the Associated Press.

Fox News Digital has reached out to the Kennedy Center for comment. The Kennedy Center’s website lists the show as canceled.

The Kennedy Center’s board voted unanimously on Dec. 18 to rename the institution the ‘Trump-Kennedy Center,’ prompting swift backlash from members of the Kennedy family who said the decision undermined the legacy of President John F. Kennedy.

Maria Shriver, Kennedy’s niece, criticized the decision, calling it ‘beyond comprehension.’

Last week, workers added Trump’s name to the outside of the center, and the website’s header was changed to ‘The Trump Kennedy Center.’

Another Kennedy niece, Kerry Kennedy, vowed to remove Trump’s name from the building after he leaves office.

President Lyndon Johnson signed a bill in 1964 that designated the center as a living memorial to Kennedy following his assassination in 1963. The law prohibits the board of trustees from making the center into a memorial to anyone else or from putting another person’s name on the building’s exterior, the AP reported.

Trump was elected chairman of the Kennedy Center board in February, after removing 18 trustees appointed by former President Joe Biden.

Since Trump returned to office on Jan. 20, several artists have canceled performances at the Kennedy Center, including Lin-Manuel Miranda, who called off a production of ‘Hamilton.’

Redd has toured worldwide and performed with numerous musicians, including Dizzy Gillespie, according to his website bio.

Fox News Digital has reached out to Redd for comment.

The Associated Press contributed to this report.

This post appeared first on FOX NEWS

Artificial intelligence (AI) has cemented its role as a key sector for investors, but its path forward is shifting.

Several catalysts, including sustained AI infrastructure spending and US Federal Reserve interest rate cuts, are poised to drive tech sector growth in 2026; however, massive capital expenditure digestion by hyperscalers, alongside increasing demands for a return on investment and persistent power supply limitations, are influencing a rotation in focus, with risks like high valuations and policy uncertainty potentially capping AI industry gains.

Overall, experts are calling for the technology sector to navigate a delicate balance between aggressive expansion and necessary financial discipline in 2026, with AI at the heart of these matters.

Capex digestion and AI verticalization

AI capital expenditures by hyperscalers are projected to fuel demand for semiconductors, data centers and related infrastructure in the year head, as per Nicholas Mersch, portfolio manager at Purpose Investments.

According to notes from multiple analysts, the Big Four — Meta Platforms (NASDAQ:META), Microsoft (NASDAQ:MSFT), Alphabet (NASDAQ:GOOGL) and Amazon (NASDAQ:AMZN) — are slated to spend over US$300 billion on AI infrastructure. Mersch cited forecasts that see hyperscaler capex hitting roughly US$600 billion in 2026.

“Over the next 12 to 24 months, the narrative likely shifts from who can build fastest to who can drive the highest revenue and margin per dollar of AI infrastructure,’ Mersch added. “This is where verticalization matters. The companies that can capture the full stack, from silicon to applications, look like they will win.’

His top pick in this arena is Google, followed by Microsoft.

While the cloud layer remains a high-stakes game of concentration among a few platforms, Mersch said the hardware layer underneath is beginning to fragment as the chip stack quietly diversifies.

“Large multi-year AI chip deals are broadening the market beyond NVIDIA (NASDAQ:NVDA), with Advanced Micro Devices (NASDAQ:AMD) and custom application-specific integrated circuit (ASIC) programs winning meaningful share. High-bandwidth memory (HBM) has become the real bottleneck and profit pool, with tri-sourced HBM3E, an emerging HBM4 race and surging HBM demand from ASICs,’ the expert said.

‘The result is a more plural, multi-vendor accelerator ecosystem. Looking out to the second half of the decade, total AI silicon spend can keep growing even if individual GPU vendors see more competition and pricing pressure, with memory, packaging and custom silicon capturing a larger share of the economics.’

Chip diversification, however, is now colliding with HBM and packaging shortages, constraining output from 2026 to 2027. BMI’s Cedric Chehab notes that rapid capex growth is outpacing supply, ruling out near-term oversupply, but warns of volatility if data center investments fail to deliver profitability amid persistent infrastructure shortages.

Power as a binding constraint for AI

Power limits are a specter looming above AI expansion heading into 2026.

“Individual campuses are pushing past 1 gigawatt, utilities in key regions are scrambling to add generation and transmission and Big Tech is signing multi-gigawatt nuclear and long-term power deals, including restarts of previously shuttered plants,” explained Mersch. US data center demand is now poised to triple by 2030, thrusting utilities, nuclear operators and grid infrastructure into prime investment orbits.

“Even Google has acknowledged that serving capacity needs to double roughly every six months,” he added.

Alphabet, the parent company of Google, and other hyperscalers became active infrastructure developers in 2025, inking high-profile strategic deals designed to secure 24/7 — and carbon-free — energy for AI data centers.

Google’s deal with Elementl Power in May to provide capital to develop three advanced nuclear sites in the US represents a shift toward nuclear energy that is perhaps the most significant structural change in the AI landscape today, further extending the verticalization narrative into the power grid itself.

The shift toward energy-backed AI is being institutionalized at the highest levels of finance. In late 2025, JPMorgan Chase (NYSE:JPM) launched its US$1.5 trillion Security and Resiliency Initiative, a decade-long plan specifically targeting the intersection of AI, grid infrastructure and nuclear energy.

By earmarking US$10 billion in direct equity for US firms, the initiative effectively underwrites the full-stack transition.

Are AI stocks in a bubble?

The path for AI is moving from building technology to proving its value. While many experts remain optimistic, the transition from deployment to execution introduces new risks that could define the industry’s next winners and losers.

As organizations fully embed AI into their core workflows, the operational stakes are shifting. Infrastructure strategies are diversifying as security-conscious businesses seek more control over their high-value AI workloads.

Simultaneously, the rise of agentic AI, which automates full workflows, combined with cost and complexity issues on major hyperscalers, will lead to a trend of cloud repatriation toward regional and bare-metal platforms.

Despite concerns over a potential bubble, the industry will continue to receive massive institutional backing. B2BROKER’s John Murillo rejects the idea of an AI bubble, comparing OpenAI to Edison’s plants amid giants’ resilience.

‘In the case of dot-coms, everyone was investing just to invest; it didn’t matter what exactly to choose and some of the projects didn’t have a solid foundation. With AI, it’s not like this. The technology proves its worthiness every day, and it has already swept away many junior analysts,’ Murillo emphasized.

Nevertheless, high AI valuations risk corrections if adoption disappoints or energy constraints emerge.

The success of the current capex cycle will depend on whether these investments translate into measurable operating leverage and cost savings through the back half of the decade.

“The bubble scenario is very unlikely,” Murillo added. “I think in the current economic situation, there are problems much worse than a potential bubble.”

For example, geopolitical tensions, sticky inflation and US midterm elections could spark volatility, prompting sector rotations away from overvalued mega caps.

Investor takeaway

The investment focus in AI is shifting from the initial narrative to tangible execution and quantifiable profitability. While the challenges of elevated valuations and geopolitical instability persist, some experts dismiss comparisons to a technology bubble, arguing the sector’s demonstrated value offers a stable underpinning.

Future leaders in the AI industry will be distinguished by their capacity to convert infrastructure spending into significant operating leverage and cost efficiencies.

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

This post appeared first on investingnews.com

President Donald Trump’s newly appointed envoy to Greenland said Tuesday the administration wants to open a dialogue with residents of the territory, stressing the U.S. is not seeking to ‘conquer’ the island.

During an appearance on Fox News’ ‘The Will Cain Show,’ Louisiana Gov. Jeff Landry, who was tapped as special envoy to Greenland by Trump on Sunday, said discussions must be had with Greenlanders to understand what they want moving forward.

‘What are they looking for? What opportunities have they not gotten? Why haven’t they gotten the protection that they actually deserve?’ Landry said.

Landry added that the U.S. ‘has always been a welcoming party,’ and that the Trump administration is not going to ‘go in there trying to conquer anybody’ or ‘take over anybody’s country.’

Landry’s comments came after Danish leaders sharply criticized Trump after he announced the appointment of the new special envoy to Greenland, a territory controlled by Denmark.

‘We have said it before. Now, we say it again. National borders and the sovereignty of states are rooted in international law,’ Danish Prime Minister Mette Frederiksen and Greenlandic Prime Minister Jens-Frederik Nielsen said in a joint statement Monday. ‘They are fundamental principles. You cannot annex another country. Not even with an argument about international security.’

Trump wrote on Truth Social Monday that Landry ‘understands how essential Greenland is to our National Security, and will strongly advance our Country’s Interests for the Safety, Security, and Survival of our Allies, and indeed, the World.’

On Tuesday, Danish Foreign Minister Lars Løkke Rasmussen called Trump’s comments ‘completely unacceptable,’ adding that he would summon the U.S. ambassador.

The Danish kingdom, he wrote on Facebook, is ‘sovereign and cannot accept that others question it.’

Trump has previously expressed ambitions for the U.S. to acquire Greenland, posting on Truth Social in December 2024 that ‘ownership and control of Greenland is an absolute necessity’ for national security purposes.

In another post from January 2025, Trump said Greenland is an ‘incredible place,’ and its people will ‘benefit tremendously if, and when, it becomes part of our Nation,’ before declaring, ‘MAKE GREENLAND GREAT AGAIN!’

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

Fox News Digital’s Alex Nitzberg and The Associated Press contributed to this report.

This post appeared first on FOX NEWS

For Americans wondering about the future of China and its relationship with the West, the latest verdict in the Jimmy Lai case proves an ominous harbinger of Hong Kong’s continued slide towards authoritarianism. Lai, the self-made billionaire, media entrepreneur and pro-democracy activist, has been held prisoner of the Chinese Communist Party for five years under Hong Kong’s National Security Law. He was finally convicted Dec. 14 on trumped-up charges of sedition.    

This verdict, handed down in 855 pages of meaningless gobbledygook, is Lai’s second conviction during his state-sponsored persecution since Hong Kong’s 2019 pro-democracy protests. Lai was previously found guilty of lease violations in connection with Apple Daily, his popular former newspaper that was closed by the Chinese government in 2021, and sentenced to 69 months in prison. The latest charges, for which Lai will be sentenced in early January, carry a penalty of 10 years to life in prison.   

Of course, these nuances and timelines are meaningless; Lai has been imprisoned since December 2020, with his case delayed, extended, postponed, appealed and otherwise stage-managed in accordance with the wishes of the CCP. Lai was also denied the lawyers of his choice. Hong Kong will likely throw the book at him in January, and Lai – already in failing health due to the apparently inhumane conditions of his solitary confinement – will face eventual death in prison. It’s a grim birthday present for Lai, who turned 78 recently.  

How did we get here? Lai knows why, describing himself as a ‘troublemaker, but one with a good conscience.’ ‘The establishment hates my guts,’ Lai says, and you’d have to say he’s earned that hatred from a leadership in Beijing and now Hong Kong that doesn’t tolerate dissent. Having participated in Hong Kong’s pro-democracy protests in 2019, supported the Umbrella Movement in 2014, and expressed public concern in the aftermath of 1989’s Tiananmen Square massacre, Lai has long been a thorn in the side of the CCP.   

Lai’s irreverent, pro-free-speech publications, Apple Daily and Next Magazine, frequently reported unwelcome facts, challenged the status quo and asked hard questions of Chinese officialdom amid growing state censorship. It was Lai’s courageous, decades-long commitment to democratic values that led my organization, The Fund for American Studies, to honor him in 2022 with the Kenneth Y. Tomlinson Award for Courageous Journalism.

Among all his causes, Lai’s most dear was the protection of his adopted city, Hong Kong. Having escaped there as a child after growing up in 1950s mainland China, Lai knew firsthand that Communist regimes deprive their people of fundamental freedoms. Despite China’s treaty agreement with the U.K. and the CCP’s ‘one country, two systems’ commitment, which guaranteed Hong Kong’s autonomy until at least 2047, Lai foresaw that the CCP would accelerate its ultimate takeover of Hong Kong.   

The mainland’s creeping authoritarianism is why my organization ended its program at the University of Hong Kong after 2019. We foresaw the coming crackdown in Hong Kong, and this week’s verdict is one more nail in the coffin of Hong Kong’s once internationally respected legal system. In a chilling coincidence, Hong Kong’s Democratic Party, the city’s largest opposition group, also voted to disband on the eve of the verdict. Unfortunately, our worries (and Lai’s) about Hong Kong’s future have been proven true.

Where do we go from here? First, Western leaders must continue to seek Lai’s release on humanitarian grounds. U.K. Prime Minister Keir Starmer plans to visit China next month, and his government has said that freeing Lai (who is a British citizen) is a priority. This week, President Donald Trump also asked Chinese leader Xi Jinping to free Lai. With Lai’s formal conviction now public, it may open up space for a diplomatic resolution. Now is the time to ramp up the pressure for his release.  

Second, the West must remain vigilant in the face of China’s continued belligerence toward its neighbors and its suppression of values such as freedom of speech, religious liberty and press freedom. These are values under siege worldwide. Journalists, religious figures and democracy advocates have been killed or imprisoned for exercising these rights. Jimmy Lai is an example of incredible bravery and commitment to democratic values, but his imprisonment is also a sobering warning of the dangers of authoritarianism.  

This post appeared first on FOX NEWS

International Lithium Corp. (TSXV: ILC,OTC:ILHMF) (OTCQB: ILHMF) (FSE: IAH) (the ‘Company’ or ‘ILC’) will hold its 2025 Annual General Meeting today, December 22, at 9.30 a.m. Pacific Time. At that meeting, John Wisbey, Chairman and CEO, will make the following statement:

‘Good morning, and welcome to the 2025 Annual General Meeting of International Lithium Corp. (‘ILC’ or the ‘Company’). I would like to share a few comments on the year-to-date and the outlook ahead before proceeding with formalities.

‘In summary, 2025 has been a successful year for ILC, improved further by a major turnround in the lithium market from June onwards. The Company completed the sale of its Avalonia property in Ireland, and made a major advance in Southern Africa through obtaining an option to acquire an 80% interest in the company owning the important Karibib project in Namibia. It is important to note that ILC has become much more than a lithium company, and the expansion into other critical minerals will be especially notable if ILC exercises its option in Namibia. As well as lithium, the Karibib project contains the largest declared rubidium resource in Africa, and also enough cesium that, when refined, would meet a year of global demand. Rubidium and cesium are both valuable critical metals with multiple commercial uses.

‘The year for the lithium market has been one of two halves. In H1 2025, the lithium price, and that of related minerals such as spodumene, continued to be very weak, reaching a low in June of circa 10% of the 2023 highs. This, combined with the resultant impact on share prices, was painful for every company in the lithium sector, including ILC. However, in H2 2025, the position has seen a considerable improvement.

‘While much of the commodity market’s focus has been on gold, silver and platinum, the rebound in lithium prices has not been widely reported and has been largely overlooked. Yet in H2 2025, the spodumene price has risen by more than 100%, outperforming all precious metals. Most of that gain has come in Q4 2025. The main benchmark lithium carbonate price Li2CO3 has risen by around 65% from its June 2025 lows. If this trend continues, it will be very positive for the lithium sector.

‘The Company’s flagship Raleigh Lake project in Ontario, Canada is again, at today’s prices for spodumene, an economically viable project even if ILC were to focus solely on lithium. Moreover, it also carries a significant rubidium resource, and one of ILC’s goals in 2026 is to put a formal economic value on that rubidium resource, as we did in the PEA for lithium two years ago.

‘In September 2025, ILC announced that it had acquired an option to buy Lepidico’s 100% interest in Lepidico Mauritius for C$975,000. This brings with it an 80% interest in the Namibian company that owns 100% of the Karibib Lithium, Rubidium and Cesium project. As announced at the time, this is a major project that has received substantial investment and, indeed, reached the Definitive Feasibility Study stage under JORC in 2020. If the option is exercised, ILC will have a major stake in the largest declared rubidium resource in Africa and one of the largest in the world. There is also enough cesium at Karibib that, when refined, could meet a year of world demand. We are still waiting for the outcome of an arbitration case that Lepidico is engaged in and will decide whether or not to exercise the option shortly after receiving that result.

Lepidico’s 80% ownership of Karibib resulted from its 2019 acquisition of TSXV-listed Desert Lion Energy in exchange for shares and other securities valued at that time at AUD$ 22.9 million (approximately CAD$20.7 million). Since acquiring the company in 2019, Lepidico invested a further AUD$ 12.1 million (approximately CAD$ 10.9 million) in the Karibib project, excluding central group overheads, with a significant portion directed towards drilling, an environmental study and subsequently a Definitive Feasibility Study and a further Resource Estimate.

This project could become highly important to ILC in 2026, and the Company’s Southern Africa strategy will hopefully also be supplemented by progress on the announced Zimbabwe EPO applications.

‘The Company completed the sale of the Avalonia project in Ireland to a subsidiary of its partner, Ganfeng Lithium, whereby ILC also retains a 2% Net Smelter Royalty. The total of C$2.5m generated from this was used to advance the investment in the Namibian project and other ongoing initiatives.

Outlook

‘The good work done in 2025, and the upturn in the lithium market, gives a strong possibility of 2026 being a successful period for ILC. As well as extra work at the flagship Raleigh Lake project in Canada, if ILC exercises its option to buy Lepidico Mauritius, it will, at Karibib in Namibia, have a project that could otherwise have taken several years and tens of millions of dollars to bring a similar greenfield project to the same stage, let alone the time to identify such a project. Karibib would bring ILC not only lithium, but also a world-class resource in rubidium and one of the larger cesium deposits not controlled by a Chinese company.

‘Lithium and spodumene prices are now back up to the level where mine development is economically viable at Canadian prices. If their rise continues, this will be positive for ILC and the lithium industry overall. ILC’s additional focus on rubidium and cesium gives further strings to its bow that could turn ILC into a much larger company.

‘In closing, I would like to take this opportunity to wish all of our valued shareholders, advisors and other stakeholders a Merry Christmas and a happy, healthy and prosperous New Year.’

On behalf of the Company,

John Wisbey
Chairman and CEO
www.internationallithium.ca

For further information concerning this news release, please contact +1 604-449-6520 or info@internationallithium.ca or ILC@yellowjerseypr.com.

_______________________________________________________________________________________

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statement Regarding Forward-Looking Information

Except for statements of historical fact, this news release or other releases contain certain ‘forward-looking information’ within the meaning of applicable securities law. Forward-looking information or forward-looking statements in this or other news releases may include: the timing of completion of any offering and the amount to be raised, the likelihood or otherwise of the Company exercising its option on Lepidico Mauritius, the outcome of arbitration involving Lepidico Namibia, the effect of results of anticipated production rates, the timing and/or anticipated results of drilling on the Karibib or Raleigh Lake or Firesteel or Wolf Ridge projects, the expectation of resource estimates, preliminary economic assessments, feasibility studies, lithium or rubidium or copper recoveries, modeling of capital and operating costs, results of studies utilizing various technologies at the company’s projects, the Company’s budgeted expenditures, future plans for expansion in Southern Africa and planned exploration work on its projects, increased value of shareholder investments in the Company, the potential from the Company’s third party earn-out or royalty arrangements, the future demand for lithium, rubidium, cesium and copper, and assumptions about ethical behaviour by our joint venture partners or third party operators of projects or royalty partners. Such forward-looking information is based on assumptions and subject to a variety of risks and uncertainties, including but not limited to those discussed in the sections entitled ‘Risks’ and ‘Forward-Looking Statements’ in the interim and annual Management’s Discussion and Analysis which are available at www.sedarplus.ca. While management believes that the assumptions made are reasonable, there can be no assurance that forward-looking statements will prove to be accurate. Should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking information. Forward-looking information herein, and all subsequent written and oral forward-looking information are based on expectations, estimates and opinions of management on the dates they are made that, while considered reasonable by the Company as of the time of such statements, are subject to significant business, economic, legislative, and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect and are expressly qualified in their entirety by this cautionary statement. Except as required by law, the Company assumes no obligation to update forward-looking information should circumstances or management’s estimates or opinions change.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/278761

News Provided by Newsfile via QuoteMedia

This post appeared first on investingnews.com

The Department of Homeland Security (DHS) is disputing reports that acting Cybersecurity and Infrastructure Security Agency (CISA) Director Madhu Gottumukkala failed a polygraph after seeking access to highly sensitive intelligence, as an internal investigation and the suspension of multiple career cybersecurity officials deepen turmoil inside the agency, according to a report.

Politico reported that Gottumukkala pushed for access to a tightly restricted intelligence program that required a counter-intelligence polygraph and that at least six career staffers were later placed on paid administrative leave for allegedly misleading leadership about the requirement, an assertion DHS strongly denies.

The outlet said its reporting was based on interviews with four former and eight current cybersecurity officials, including multiple Trump administration appointees who worked with Gottumukkala or had knowledge of the polygraph examination and the events that followed. All 12 were granted anonymity over concerns about retaliation, according to Politico.

DHS pushed back on the reporting, saying the polygraph at issue was not authorized and that disciplinary action against career staff complied with department policy.

‘Acting Director Madhu Gottumukkala did not fail a sanctioned polygraph test. An unsanctioned polygraph test was coordinated by staff, misleading incoming CISA leadership,’ DHS Assistant Secretary Tricia McLaughlin said in a statement provided to Fox News Digital. ‘The employees in question were placed on administrative leave, pending conclusion of an investigation.’

‘We expect and require the highest standards of performance from our employees and hold them directly accountable to uphold all policies and procedures,’ she continued. ‘Acting Director Gottumukkala has the complete and full support of the Secretary and is laser focused on returning the agency to its statutory mission.’

Politico also reported that Gottumukkala failed a polygraph during the final week of July, citing five current officials and one former official.

The test was administered to determine whether he would be eligible to review one of the most sensitive intelligence programs shared with CISA by another U.S. spy agency, according to the outlet.

That intelligence was part of a controlled access program with strict distribution limits, and the originating agency required any CISA personnel granted need-to-know access to first pass a counter-intelligence polygraph, according to four current officials and one former official cited by Politico.

As a civilian agency, most CISA employees do not require access to such highly classified material or a polygraph to be hired, though polygraphs are commonly used across the Pentagon and U.S. intelligence community to protect the government’s most sensitive information.

Politico reported that senior staff raised questions on at least two occasions about whether Gottumukkala needed access to the intelligence, but said he continued pressing for it even if it meant taking a polygraph, citing four current officials.

The outlet also reported that an initial access request in early June, signed by mid-level CISA staff, was denied by a senior agency official who determined there was no urgent need-to-know and noted that the agency’s previous deputy director had not viewed the program.

That senior official was later placed on administrative leave for unrelated reasons in late June, and a second access request signed by Gottumukkala was approved in early July after the official was no longer in the role, according to current officials cited by Politico.

Despite being advised that access to the most sensitive material was not essential to his job and that lower-classification alternatives were available, Gottumukkala continued to pursue access, officials told the outlet.

Officials interviewed by Politico said they could not definitively explain why Gottumukkala did not pass the July polygraph and cautioned that failures can occur for innocuous reasons such as anxiety or technical errors, noting that polygraph results are generally not admissible in U.S. courts.

On Aug. 1, shortly after the polygraph, at least six career staff involved in scheduling and approving the test were notified in letters from then–acting DHS Chief Security Officer Michael Boyajian that their access to classified national security information was being temporarily suspended for potentially misleading Gottumukkala, according to officials and a letter reviewed by Politico.

‘This action is being taken due to information received by this office that you may have participated in providing false information to the acting head of the Cybersecurity and Infrastructure Security Agency (CISA) regarding the existence of a requirement for a polygraph examination prior to accessing certain programs,’ the letter said. ‘The above allegation shows deliberate or negligent failure to follow policies that protect government information, which raises concerns regarding an individual’s trustworthiness, judgment, reliability or willingness and ability to safeguard classified information.’

In a separate letter dated Aug. 4, the suspended employees were informed by Acting CISA Chief Human Capital Officer Kevin Diana that they had been placed on paid administrative leave pending an investigation, according to current and former officials and a copy reviewed by Politico.

Gottumukkala was appointed CISA deputy director in May and previously served as commissioner and chief information officer for South Dakota’s Bureau of Information and Technology, which oversees statewide technology and cybersecurity initiatives.

CISA said in a May press release that Gottumukkala has more than two decades of experience in information technology and cybersecurity across the public and private sectors.

This post appeared first on FOX NEWS

We also break down next week’s catalysts to watch to help you prepare for the week ahead.

In this article:

    This week’s tech sector performance

    US stocks advanced this week amid key economic data releases, with tech leading gains after Micron Technology’s (NASDAQ:MU) results release and easing artificial intelligence (AI) sector pressures.

    The S&P 500 (INDEXSP:.INX) rose 0.02 percent on the week, closing Friday (December 19) at 6,834.5.

    However, tech stock losses earlier in the week kept gains in check. The Nasdaq Composite (INDEXNASDAQ:.IXIC) lost 0.1 percent for the week to close at 23,307.62 on Friday.

    3 tech stocks moving markets this week

    1. Micron Technology (NASDAQ:MU)

    Micron Technology reported earnings for its first fiscal quarter of 2026 on Thursday (December 18), showing strong results driven by surging high-bandwidth memory sales for AI data centers

    Revenue reached US$13.64 billion, up 93 percent from last year and higher than the company’s September revenue projection of US$12.8 billion. Adjusted earnings per share were US$4.78, beating estimates of US$3.95. The company generated strong free cashflow and declared a US$0.115 per share dividend payable on January 14, 2026.

    Looking ahead, Micron adjusted its profit guidance for the upcoming quarter to US$8.42 per share, higher than Wall Street’s US$4.78 consensus, due to continued AI boom momentum.

    Investors responded to the results by sending Micron shares up 10 percent post-earnings. Momentum carried into Friday’s trading session, spilling over into other tech stocks, which have come under pressure in recent weeks over lofty valuations and funding concerns. The company ended the week 0.58 percent higher.

    2. Trump Media & Technology Group (NASDAQ:DJT)

    Trump Media & Technology Group rose nearly 30 percent before Thursday’s opening bell after the company announced plans to merge with fusion power company TAE Technologies.

    The all-stock deal is reportedly valued at more than US$6 billion. Devin Nunes, chair and chief executive of Trump Media, and Dr. Michl Binderbauer, CEO and director at TAE, are set to serve as co-CEOs.

    TAE is a private company with backing from Alphabet (NASDAQ:GOOGL) and other companies. The merger is slated to create one of the first publicly traded nuclear fusion companies. “We’re taking a big step forward toward a revolutionary technology that will cement America’s global energy dominance for generations,“ Nunes said.

    Shares of Trump Media closed the week with a gain of 39.53 percent.

    3. Oracle (NYSE:ORCL)

    Oracle shares dropped 5.4 percent on Wednesday (December 17) after a Financial Times report claimed data center investor Blue Owl Capital pulled out of a US$10 billion financing round for one of the AI data centers Oracle is constructing for OpenAI in Michigan. Talks reportedly stalled due to concerns over project delays, tougher debt terms, Oracle’s rising debt load and lease arrangements, per sources cited by the news outlet.

    Oracle disputed the report’s implications, stating that Michigan negotiations are “on schedule” without Blue Owl.

    The company said its project development partner, Related Digital, has chosen “the best equity partner from a competitive group of options, which in this instance was not Blue Owl.” Still, the company finished the week with its share price ahead by 2.18 percent as tech stocks staged an end-of-year comeback.

    Oracle, Micron Technology and Trump Media performance, December 15 to 19, 2025.

    Chart via Google Finance.

    Top tech news of the week

                Tech ETF performance

                Tech exchange-traded funds (ETFs) track baskets of major tech stocks, meaning their performance helps investors gauge the overall performance of the niches they cover.

                This week, the iShares Semiconductor ETF (NASDAQ:SOXX) declined by 0.94 percent, while the Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) saw a loss of 0.66 percent.

                The VanEck Semiconductor ETF (NASDAQ:SMH) also decreased by 0.61 percent.

                Tech news to watch next week

                Markets will be closed mid-week next week, with low trading volumes likely keeping movement calm.

                Watch for year-end selling in tech stocks, a potential rotation into safer sectors and light data like factory orders and home sales reports. Any comments on future interest rates could move markets somehwat, but expect mostly flat trading unless big news like policy changes breaks through.

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

                This post appeared first on investingnews.com

                FBI Director Kash Patel said Saturday the agency is ramping up its use of artificial intelligence (AI) tools to counter domestic and international threats.

                In a post on X, Patel said the FBI has been advancing its technology, calling AI a ‘key component’ of its strategy to respond to threats and stay ‘ahead of the game.’

                ‘FBI has been working on key technology advances to keep us ahead of the game and respond to an always changing threat environment both domestically and on the world stage,’ Patel wrote. ‘Artificial intelligence is a key component of this.

                ‘We’ve been working on an AI project to assist our investigators and analysts in the national security space — staying ahead of bad actors and adversaries who seek to do us harm.’

                Patel added that FBI leadership has established a ‘technology working group’ led by outgoing Deputy Director Dan Bongino to ensure the agency’s tools ‘evolve with the mission.’

                ‘These are investments that will pay dividends for America’s national security for decades to come,’ Patel said.

                A spokesperson for the FBI told Fox News Digital it had nothing further to add beyond Patel’s X post.

                The FBI uses AI for tools such as vehicle recognition, voice-language identification, speech-to-text analysis and video analytics, according to the agency’s website.

                Earlier this week, Bongino announced he would leave the bureau in January after speculation rose about his departure.

                ‘I will be leaving my position with the FBI in January,’ Bongino wrote in an X post Wednesday. ‘I want to thank President [Donald] Trump, AG [Pam] Bondi, and Director Patel for the opportunity to serve with purpose. Most importantly, I want to thank you, my fellow Americans, for the privilege to serve you. God bless America, and all those who defend Her.’

                This post appeared first on FOX NEWS