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Ed Steer of Ed Steer’s Gold and Silver Digest shares his thoughts on silver’s run past US$50 per ounce, saying that in his view the bull market is just getting started.

‘One way or another we’re going to run into a supply/demand brick wall, and when that day happens we could see triple-digit silver prices in a very, very short period of time,’ 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

Canadian company PMET Resources (ASX:PMT, TSX:PMET, OTCQX:PMETF) has completed a lithium-only feasibility study on the CV5 deposit of its Shaakichiuwaanaan lithium project in Northern Quebec.

The company said that the feasibility study confirms that the project is a large-scale and lifelong operation, with CV5’s maiden reserve updated to 84.3 million tonnes (Mt) at 1.26 percent lithium oxide or about 2.62 Mt lithium carbonate equivalent (LCE) in probable reserves.

Results also show that there is still potential to upgrade and expand resources at CV5 and its nearby CV13 deposit, which currently hold a total resource of 108.0 million tonnes at 1.40 percent indicated and 33.4 at 1.33 percent inferred.

“Our large scale and long-life project is ideally suited to support the emerging American, European, and Asian lithium raw materials supply chains,” commented CEO and President Ken Brinsden.

“There are very few projects of this size & scale, quality, and low production cost that can assist in underwriting the expected capital investment supporting new supply chains and demand growth in western markets.”

Located in Quebec’s Eeyou Istchee James Bay region, Shaakichiuwaanaan is recognised as the largest lithium pegmatite mineral resource in the Americas.

It is also among the largest lithium mines in the world, with potential to become the second largest following the Greenbushes lithium operations in Western Australia.

Greenbushes is owned by Albemarle (NYSE:ALB) and was recorded with an estimated 0.21 metric tonnes per annum lithium production in 2023.

PMET is targeting a final investment decision for Shaakichiuwaanaan for the second half of 2027, hoping that “the overall market supply-demand balance tightens over the coming years.”

Researchers found that the project can have an annual production of up to 800,000 tonnes of lithium-rich rock, along with pollucite, tantalite, and cesium.

Brinsden said that about 20 percent of the jobs created at Shaakichiuwaanaan will be allotted to workers at the Cree territory.

PMET Resources was formerly Patriot Battery Metals. The company officially changed its name in September.

Securities Disclosure: I, Gabrielle de la Cruz, hold no direct investment interest in any company mentioned in this article.

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Homerun Resources Inc. (TSXV: HMR,OTC:HMRFF) (OTCQB: HMRFF) (‘Homerun’ or the ‘Company’) announces that the Company has submitted its formal application for conditional approval of the previously announced $6-million financing with a single institutional investor. The Company is now awaiting conditional approval from the TSX Venture Exchange.

The Company also reports, that further to its October 6, 2025, news release, the Company is oversubscribed for its $3-million unit private placement at $1.00. This financing will close after the above financing, as several subscribers have requested that the closing of the $6-million institutional financing be a precedent, and so the Company has requested and received approval from the TSX Venture Exchange to extend the closing of that financing for a standard 30-day period to November 24, 2025.

Both financings are anticipated to close in the immediate term, subject to TSX-V approval.

On behalf of the Board of Directors of
Homerun Resources Inc.

‘Brian Leeners’

Brian Leeners, CEO & Director
brianleeners@gmail.com / +1 604-862-4184 (WhatsApp)

Tyler Muir, Investor Relations
info@homerunresources.com / +1 306-690-8886 (WhatsApp)

FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE
The information contained herein contains ‘forward-looking statements’ within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be ‘forward-looking statements’.

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/271921

News Provided by Newsfile via QuoteMedia

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Analysts say China has developed a chilling strategy for fighting a war with the United States: destroy America’s fighter jets before they ever leave the ground.

In nearly every modern conflict, disabling enemy aircraft on the ground has been the first move. When Israel struck Iranian nuclear sites earlier this year, it began by destroying Iranian runways — grounding Tehran’s air force before it could take off. Russia and Ukraine have done the same throughout their ongoing war, targeting airfields to cripple enemy aircraft. And when India clashed with Pakistan, the opening salvos hit Pakistani air bases.

Beijing has taken that lesson to heart. The People’s Liberation Army (PLA) has spent years building an arsenal of long-range precision missiles — including ‘carrier killers’ like the DF-21D and DF-26 — capable of destroying U.S. aircraft carriers and striking American airfields across the Pacific. The goal: keep U.S. air power out of range before it can even launch.

Now, a U.S. defense technology firm says it has built a way to fight back. Shield AI, based in San Diego, has unveiled a new AI-piloted fighter jet designed to operate without runways, without GPS, and without constant communication links — an aircraft that can think, fly, and fight on its own.

Shield AI says the jet, called X-BAT, can take off vertically, reach 50,000 feet, fly more than 2,000 nautical miles, and execute strike or air defense missions using an onboard autonomy system known as Hivemind. It’s designed to operate from ships, small islands, or improvised sites — places where traditional jets can’t. The aircraft’s dash speed remains classified.

‘China has built this anti-access aerial denial bubble that holds our runways at risk,’ said Armor Harris, Shield AI’s senior vice president of aircraft engineering, in an interview with Fox News. ‘They’ve basically said, ‘We’re not going to compete stealth-on-stealth in the air — we’ll target your aircraft before they even get off the ground.’’

The jet launches vertically, and three X-BATs can fit in the space of one legacy fighter or helicopter.

According to Harris, the U.S. has spent decades perfecting stealth and survivability in the air while leaving its forces vulnerable on the ground. ‘The way to solve that problem is mobility,’ he said. ‘You’re always moving around. This is the only VTOL fighter being built today.’

X-BAT’s Hivemind autonomy allows it to operate in denied or jammed environments, where traditional aircraft would be blind. The system uses onboard sensors to interpret its surroundings, reroute around threats, and identify targets in real time. ‘It’s reading and reacting to the situation around it,’ Harris said. ‘It’s not flying a pre-programmed route. If new threats appear, it can reroute itself or identify targets and then ask a human for permission to engage.’

That human element, he emphasized, remains essential. ‘It’s very important to us that a human is always involved in making the use of lethal force decision,’ Harris said. ‘That doesn’t mean the person has to be in the cockpit — it could be remote or delegated through tasking — but there will always be a human decision-maker.’

Shield AI says X-BAT will be combat-ready by 2029 and is designed to deliver fifth- or sixth-generation performance at a small fraction of the cost of manned fighters. The aircraft’s compact footprint allows up to three X-BATs to fit in the deck space of a single legacy fighter or helicopter, giving commanders more flexibility in launching sorties from limited space.

While Shield AI isn’t disclosing specific numbers, the company says X-BAT is priced in the same range as the Air Force’s Collaborative Combat Aircraft (CCA) program, the next generation of autonomous wingmen meant to fly alongside — and eventually ahead of — manned fighters. Costs vary depending on mission systems and configurations, but the company’s goal is to scale production to keep the jet affordable and sustainable throughout its lifecycle, breaking what it calls the traditional ‘fighter cost curve.’

The company estimates the aircraft will deliver about a tenfold improvement in cost per effect compared to legacy fifth-generation jets, including the F-35, while remaining ‘affordable and attritable’ enough to be risked in high-end combat.

Shield AI is in discussions with both the Air Force and Navy about integrating X-BAT into future combat programs and with several allied militaries exploring joint development opportunities.

Harris said the company views X-BAT as part of a generational shift toward distributed airpower — one that mirrors what SpaceX did in space. ‘Historically, the United States had a small number of extremely capable, extremely expensive satellites,’ he said. ‘Then you had SpaceX come along and put up hundreds of smaller, cheaper ones. The same thing is happening in air power. There’s always going to be a role for manned platforms, but over time, unmanned systems will outnumber them ten-to-one or twenty-to-one.’

For Harris, that shift is about restoring deterrence through flexibility. ‘X-BAT presents an asymmetric dilemma to an adversary like China,’ he said. ‘They don’t know where it’s coming from, and the cost of countering it is high. It’s an important part of a broader joint force that becomes significantly more lethal.

This post appeared first on FOX NEWS

Sen. Ted Cruz, R-Texas, announced after a contentious nomination hearing Thursday that he would not support the Trump administration’s pick for ambassador to Kuwait.

Among other areas of concern, Cruz expressed alarm over Amer Ghalib’s refusal to outright condemn the Muslim Brotherhood, a group Cruz believes works against the geopolitical interests of the United States.

‘The Muslim Brotherhood is a global terrorist organization,’ Cruz said in a post on X. ‘Amer Ghalib refers to them as an inspiration. That is in opposition to President Trump and is disqualifying. I cannot support his confirmation for the Ambassador to Kuwait.’ 

Ghalib, the mayor of Hamtramck, Mich., sparred with Cruz and other members of the Senate earlier that day, clashing with several lawmakers over issues like the United States’ relationship with Israel, comments he had made about the war in Gaza and more.

According to the Department of State, Ghalib was born and raised in Yemen before coming to the United States at age 17. After working full-time in an auto parts factory, he attended the Ross University School of Medicine from 2006-2011 and went on to work as a healthcare professional at the Hamtramck Medical Group until his entry into politics. 

Ghalib made news when he was elected as mayor in 2021, becoming the first Muslim to fill the role. In that capacity, he endorsed Donald Trump for president in 2023.

‘Mr. Ghalib’s journey began as a farmer in Yemen, then as an autoworker in the United States, a healthcare professional, and then as an elected mayor of his city. His multicultural experience, deep regional knowledge and demonstrated success as a politician, leader and community organizer, make him a well-qualified candidate to serve as U.S. Ambassador to the State of Kuwait,’ the State Department wrote in its summary of the administration’s nominee. 

On Thursday, when asked by Cruz if he still considered Saddam Hussein, the former president of Iraq, a martyr, Ghalib initially skirted the question.

‘I was a private citizen in 2020,’ Ghalib answered, referring to the timing of a social media post when he had given that description.

‘I’m just asking your views. I asked you about today. Do you continue to believe that Saddam Hussein is a martyr today?’ Cruz asked again.

‘I don’t think that — there’s no doubt that Saddam was a dictator. I mean, I can say no. It wouldn’t matter. He’s in God’s hands; he’s going to get the treatment he deserves,’ Ghalib said. 

Hussein served as president from 1979 until his government was overthrown in the 2003 U.S. invasion of Iraq. In the aftermath, an Iraqi tribunal found him guilty of willful killing, illegal imprisonment, deportation and torture, among other abuses. He was hanged on Dec. 30, 2006.

Ghalib and the Hamtramck City Council entered the spotlight in 2024 when the city voted unanimously to approve a resolution that, in response to the war in Gaza, required the city to avoid investing in Israeli companies. Citing that resolution, Cruz and other senators expressed reservations that Ghalib would be able to faithfully carry out positions held by the administration. especially if it were to designate the Muslim Brotherhood a terrorist organization or other policy issues that could conflict with Ghalib’s personal views on the Middle East. 

Those hesitations stretched across the aisle.

‘You liked a Facebook comment comparing Jews to monkeys,’ Sen. Jacky Rosen, D-Nev., said. ‘You characterized leaders you don’t like as becoming ‘Jewish.’ As mayor, you failed to comment after one of your political appointees called the Holocaust ‘advance punishment’ for the War in Gaza, and you denied that Hamas used sexual violence as a weapon of war on Oct. 7.’ 

Ghalib did not deny authoring the posts. Instead, he defended himself by arguing that his comments had been taken out of context or that lawmakers had selectively misconstrued his actions. In response to Rosen’s remarks about liking a post comparing Jewish people to monkeys, Ghalib said that he had made it a practice to interact with all social media comments left on his page as a form of acknowledgment. He said those views did not reflect his positions. 

‘I think a lot of my posts were written in Arabic and mistranslated,’ Ghalib said in response to further questioning about some of the posts he had made himself.

The State Department and Ghalib’s office did not immediately respond to requests for comment.

Rosen and other senators did not seem moved by Ghalib’s explanations.

‘That is beyond the pale. I will not be supporting your nomination,’ Rosen said. ‘And if you are confirmed — I want you to remember this, sir: You will be an ambassador for the United States of America. And, thus, as ambassador, we must show respect to everyone. We will be watching to see if that happens.’ 

No date has been set for a final vote on Ghalib’s nomination. 

This post appeared first on FOX NEWS

President Donald Trump is heading off to Asia Friday evening, not long after North Korea fired off a ballistic missile for the first time in months and as questions loom regarding trade negotiations with China.

The White House confirmed that Trump will meet with Chinese President Xi Jinping Thursday during the Asia-Pacific Economic Cooperation (APEC) Summit.

The meeting comes amid escalated tensions between the two countries on trade after Beijing announced Oct. 9 it would impose export controls on rare-earth magnets, which are used in a host of products ranging from electric cars to F-35 fighter jets. In response, Trump announced the U.S. would impose a new 100% tariff on all Chinese goods, which is slated to take effect Nov. 1.

Even so, Trump sought to diffuse tensions and has routinely touted his relationship with Xi in recent weeks. Additionally, he has voiced confidence both parties will walk away from the summit pleased and that a deal will be made.

‘I think we are going to come out very well, and everyone’s going to be very happy,’ Trump said Thursday.

The summit between Trump and Xi will mark the first time they’ve met in person since Trump took office in January. The two previously met in person in June 2019 in Japan.

Trump’s meeting with Xi will come on the tail end of a larger trip to the region. Trump is first headed to Malaysia to meet with Malaysian Prime Minister Anwar Ibrahim Sunday afternoon before participating in the Association of Southeast Asian Nations (ASEAN) dinner in the evening.

While in Malaysia, he will also meet with Cambodian Prime Minister Hun Manet and Thai Prime Minister Anutin Charnvirakul.

Trump will then head to Tokyo Monday and is slated to meet on Tuesday with Japanese Prime Minister Sanae Takaichi, who was just elected earlier in October. Takaichi is the first woman to serve as the prime minister of Japan.

Trump will then close out his trip heading to South Korea, where he will meet with the South Korean President Lee Jae Myung and will deliver keynote remarks at the APEC CEO lunch.

Trump is scheduled to return to Washington Thursday.

Meanwhile, North Korea has upped its aggression in recent days, firing off multiple short-range ballistic missiles Wednesday, the first one Pyongyang has launched since May. Meanwhile, North Korean Leader Kim Jong Un showed off a new intercontinental ballistic missile at a military parade in front of Chinese, Russian and other top officials Oct. 10.

‘We are aware of the DPRK’s multiple ballistic missile launches and are consulting closely with the Republic of Korea and Japan, as well as other regional allies and partners,’ U.S. Indo-Pacific Command (INDOPACOM) said in a statement on Wednesday.

‘The United States condemns these actions and calls on the DPRK to refrain from further unlawful and destabilizing acts,’ INDOPACOM said. ‘While we have assessed that this event does not pose an immediate threat to U.S. personnel, or territory or to our allies, we continue to monitor the situation.’

The Associated Press contributed to this report.

This post appeared first on FOX NEWS

Senate Minority Leader Chuck Schumer, D-N.Y., on Friday accused President Donald Trump of ‘skipping town’ for a trip to Asia during the ongoing government shutdown.

Trump departed for Asia Friday night for a weeklong trip that will include stops in Malaysia, Japan and South Korea. Republicans and Democrats remain divided on negotiations to end the shutdown that began earlier this month, with each side blaming the other as the GOP controls the White House and both chambers of Congress.

‘In the midst of the longest full government shutdown in American history — a crisis of his own making — President Trump’s priorities are severely misplaced,’ Schumer said in a statement.

‘While Americans are struggling to make ends meet, federal workers are going without pay, and millions of families are bracing for soaring health care costs, the President is leaving the country,’ he continued.

Schumer added: ‘America is shut down and the President is skipping town.’

The senator said Democrats have sought to meet with Trump, but that the president is ‘abandoning’ his responsibilities.

‘Democrats have asked, again and again, for President Trump to meet with us to negotiate a bipartisan deal that would address the healthcare crisis, and find a path forward to reopen the government. But instead of doing his job, President Trump is abandoning it,’ Schumer said.

Schumer also called on GOP lawmakers in Congress to work across the aisle to reach a deal to end the shutdown.

‘With the President out of the country, the responsibility falls squarely on Congressional Republicans to act — to come to the table, to do their jobs, and to deliver an agreement that reopens the government and protects Americans from another health care disaster,’ he said.

‘Americans deserve a government that works as hard as they do— not a leader that flies away from responsibility at the time they need one most,’ the top Senate Democrat added.

While in Asia, Trump is expected to meet with regional allies about trade, including the trade war with China, as well as Beijing’s tightening of export controls on rare-earth minerals critical for certain technologies. 

The president is also expected to address security in the region and affirm America’s commitment to supporting its allies.

This post appeared first on FOX NEWS

In his Oct. 13 address to Israel’s Knesset in Jerusalem, President Donald Trump upset Israeli leftists when he called for Israel’s largely ceremonial President Isaac Herzog to use his one actual power – the power of pardon – and pardon Prime Minister Benjamin Netanyahu. Netanyahu has been on trial for more than five years on absurd charges regarding cigars and champagne he received over 20 years ago from old friends.

Those charges fell apart in the opening months of the trial as one prosecution witness after another exposed the emptiness of Israel’s Netanyahu-hating prosecutors’ indictments against the country’s longest-serving and most successful leader. All the same, the Netanyahu-hating judge presiding over the trial is now requiring Netanyahu to appear in court three days a week for a total of 24 hours a week to testify.

Leftists in Israel dominate the country’s media and legal fraternity, much as they do in America. And they were incensed that President Trump dared to interfere in Israel’s ‘internal affairs.’ One anchorman referred to Trump’s call for a pardon as ‘disgusting, and revolting.’

But the truth is that by asking Israel’s left-leaning president to put an end to Israel’s Deep State’s assault on Netanyahu, Trump was defending America’s national interests.

This is true for two reasons.

First, the corrupt legal authorities involved in the trial are abusing their power over Netanyahu in a way that undermines American interests.

On Wednesday, just two days after President Trump gave his address, Netanyahu was back in the courtroom in Tel Aviv. He had asked the judges to let him delay his testimony so that he could hold certain meetings. The judges and prosecutors demanded to know what meetings could possibly justify delaying his testimony. He explained one was highly classified, and they demanded to know what it was about.

Within hours of the exchange, the story leaked that Netanyahu was scheduled to meet secretly with the president of Indonesia. The leader of the largest Muslim state in the world, President Prabowo Subianto, was scheduled to pay a top-secret trip to Jerusalem as a step toward opening diplomatic relations with Israel. This was to be one of the most important fruits of Israel’s U.S.-supported victory in its seven-front war against Iran and its axis of terror. But thanks to Israel’s corrupt legal fraternity, the meeting leaked to their press allies and President Subianto stayed away.

President Trump made clear in his speech that expanding the circle of peace between Israel and the Islamic world is a chief U.S. goal. Israel is America’s most powerful ally in the troubled Middle East. Trump sees it as an essential U.S. interest that the Arab and Islamic world accept Israel as a permanent entity and an allied state. But for Israel’s politicized Deep State, undermining and humiliating Netanyahu by chaining him to a courtroom and subverting his diplomatic actions is apparently more important.

These radical jurists must be stopped not only for Netanyahu to be able to devote himself entirely to serving his country, they need to be stopped to enable President Trump to secure America’s goals in the Middle East.

The second reason that ending this farce of justice against Netanyahu is in the United States’ interests is that there is a link between the forces of political warfare and lawfare in Israel and the U.S. If you scratch just beneath the surface, you’ll doubtlessly find that for the same billionaire agents of anarchy, who funded and brought the unprecedented lawfare against both President Trump and Prime Minister Netanyahu, working to undo Israel as a key way to unravel American society. For example, the Tides Foundation funds radical groups, including pro-Hamas protesters in America, and it funds groups involved in the protests and riots and political violence in Israel.

Tides is one of several foundations whose actions in the U.S. and Israel are the subject of multiple congressional investigations. One of the investigations focuses on well-documented claims that the billion-dollar, multi-year effort to criminalize Netanyahu that engulfed Israel in political instability for years, was funded in part by the Biden administration. That investigation must continue and the U.S. government officials who funded and facilitated political chaos in Israel should be forced to account for their actions.

Even more importantly, the IRS should investigate how U.S. non-profits groups that enjoy U.S. tax exemption valued in millions of dollars have abused their status to fund political violence, insurrection, and mayhem in Israel. In some cases, according to Hamas’s own internal documents, these U.S.-based non-profit-funded groups’ campaigns convinced the genocidal terror group that Israel was ripe for annihilation on October 7, 2023.

In his historic speech in Jerusalem, President Trump laid out great plans for building a new Middle East that will join Israel’s genius and power to the oil-wealth of its neighbors and transform the Middle East into a driver of global prosperity under American leadership. Trump would have been hard-pressed to lead this momentous undertaking if the Deep State were still persecuting him, his top aides and his children.

Netanyahu has miraculously been able to lead Israel to one of the most important military victories in its history. With Trump’s assistance, Israel destroyed Iran’s axis of terror across seven fronts. Netanyahu achieved this while forced to spend days on end in a courtroom answering asinine questions from shameless prosecutors before brazen judges.

Imagine what Netanyahu and President Trump would be able to do together if Netanyahu doesn’t have to spend 24 hours per week in a courtroom.

President Trump was right to ask President Herzog to put an end to the madness that is Prime Minister Netanyahu’s trial. And he would be right to order the IRS to start investigating the role American non-profits have played and continue to play in destabilizing Israel and corrupting its legal system. Israel’s leftists, like their American funders, may not like President Trump for doing it, but generations of Americans, Israelis, and peoples of the wider Middle East will thank him.

This post appeared first on FOX NEWS

Card-reading contact lenses, X-ray poker tables, trays of poker chips that read cards, hacked shuffling machines that predict hands. The technology alleged to have been used to execute a multistate, rigged poker operation sounds like it’s straight out of Hollywood.

And those were only some of the gadgets that authorities say were used to swindle millions of dollars from unsuspecting victims through rigged, high-dollar, underground poker games over more than five years.

A sprawling indictment unsealed Thursday by the U.S. attorney for the Eastern District of New York charged Chauncey Billups, the head coach of the NBA’s Portland Trail Blazers, and Damon Jones, a former NBA player, along with members of the Mafia and dozens of other defendants, with being part of a conspiracy.

The victims were “at the mercy of concealed technology, including rigged shuffling machines and specially designed contacts lenses and sunglasses to read the backs of playing cards, which ensured that the victims would lose big,” U.S. Attorney Joseph Nocella of Brooklyn said in a statement.

Cheating at poker is as old as poker itself. But today, wearable tech and nano-cameras are putting even upstanding poker players on their guard.

The defendants used “special contact lenses or eyeglasses that could read pre-marked cards,” Nocella said at a news conference announcing the indictments.

He also showed a photo of an X-ray table that “could read cards face down on the table … because of the X-ray technology.”

An X-ray poker table in an image from defendant Robert Stroud’s iCloud account.U.S. Justice Department

“Defendants used other cheating technologies, such as poker chip tray analyzers, which is a poker chip tray that secretly reads cards using a hidden camera,” he said.

And while marking poker cards so they are visible only with special eyewear is an old trick, new radio-frequency identification and infrared technologies have ramped up the sophistication levels.

Technically speaking, many of the devices involved in the alleged scam authorities detailed Thursday are relatively cheap to manufacture, said Sal Piacente, a gaming security consultant.

By the time they reach their customers, however, the cost of industrial shufflers or tables can easily approach $100,000, once distributors and middlemen are factored in.

“You could make a lucrative career buying this stuff,” Piacente said.

Casino and gaming security consultants told NBC News that the alleged scheme was possible only because the games were underground. In backrooms, there was none of the surveillance tech that reputable casinos use to catch players cheating.

“A lot of the features which made this scheme so successful would have been ID’d a lot sooner, or very quickly, in a traditional regulated gaming environment,” said Ian Messenger, a former U.K. law enforcement officer and founder and CEO of the Association of Certified Gaming Compliance Specialists.

More than any other tech, it was the reprogramming of the industrial card shufflers — identified in charging documents as Deckmate-brand machines — that authorities said was key to the alleged game rigging.

A DeckMate 2 shuffler taken apart on a table in an image from defendant Shane Hennen’s iCloud account. U.S. Justice Department

Deckmates are not sold directly to the public — though many used ones can be found for sale online. The ones at the high-dollar games cited in the indictment could read cards and predict which player had the best hand. Neither Deckmate nor its parent company, Light & Wonder, were implicated in any way in Thursday’s indictments.

A spokesman for Light & Wonder told NBC News in a statement that the company was aware of reports about the charges against people but said they were not affiliated with the company.

“We sell and lease our automatic card shufflers and other gaming products and services only to licensed casinos and other licensed gaming establishments,” said Andy Fouché, the company’s vice president of communications. “We will cooperate in any law enforcement investigation related to this indictment.”

Reprogramming shufflers is not a new trick. In 2023, hackers at the Black Hat security conference in Las Vegas presented research showing how to hack a Deckmate shuffler and use it to cheat.

The rigged shuffler machines would transmit information about the players’ hands to an off-site “operator,” according to prosecutors.

The computer program showing information transmitted by the rigged shuffling machine in an image from defendant Shane Hennen’s iCloud account. U.S. Justice Department

The operator would then communicate the information to someone else at the table, dubbed the “quarterback.” The victim was known as the “fish.”

Here, the high-tech gadgets met the low-tech of a card game.

The quarterback might touch the $1,000 poker chip or tap his chin or touch his black chips to indicate who at the table had the best hand.

Text messages obtained by prosecutors also appear to show defendants concerned that a fish would leave the table if he lost too many hands.

“Guys please let him win a hand he’s in for 40k in 40 minutes he will leave if he gets no traction,” read one text message released by authorities.

But according to Messenger, the consultant, it was not the tech that made the alleged scheme so successful for so long. What set it apart was the level of communication.

For example, he said, the card information had to be seamlessly passed from the dealing machines to an off-site operator and back to a person back at the table, all without alerting the fish.

“The piece that made this so successful was the coordination, not the technology,” he said.

This post appeared first on NBC NEWS

Target said Thursday that it is eliminating about 1,800 corporate positions in an effort to streamline decision-making and accelerate initiatives to rebuild the flagging discount retailer’s customer base.

About 1,000 employees are expected to receive layoff notices next week, and the company also plans to eliminate about 800 vacant jobs, a company spokesperson said. The cuts represent about 8% of Target’s corporate workforce globally, although the majority of the affected employees work at the company’s Minneapolis headquarters, the spokesperson said.

Chief Operating Officer Michael Fiddelke, who is set to become Target’s next CEO on Feb. 1, issued a note to personnel on Thursday announcing the downsizing. He said further details would come on Tuesday, and he asked employees at the Minneapolis offices to work from home next week.

“The truth is, the complexity we’ve created over time has been holding us back,” Fiddelke, a 20-year Target veteran, wrote in his note. “Too many layers and overlapping work have slowed decisions, making it harder to bring ideas to life.”

Target, which has about 1,980 U.S. stores, lost ground to Walmart and Amazon in recent years as inflation caused shoppers to curtail their discretionary spending. Customers have complained of messy stores with merchandise that did not reflect the expensive-looking but budget-priced niche that long ago earned the retailer the jokingly posh nickname “Tarzhay.”

Fiddelke said in August when he was announced as Target’s next CEO that he would step into the role with three urgent priorities: reclaiming the company’s position as a leader in selecting and displaying merchandise; improving the customer experience by making sure shelves are consistently stocked and stores are clean; and investing in technology.

He cited the same goals in his message to employees, calling the layoffs a “necessary step in building the future of Target and enabling the progress and growth we all want to see.”

“Adjusting our structure is one part of the work ahead of us. It will also require new behaviors and sharper priorities that strengthen our retail leadership in style and design and enable faster execution,” he wrote.

Target has reported flat or declining comparable sales — those from established physical stores and online channels — in nine out of the past 11 quarters. The company reported in August that comparable sales dipped 1.9% in its second quarter, when its net income also dropped 21%.

The job cuts will not affect any store employees or workers in Target’s sorting, distribution and other supply chain facilities, the company spokesperson said.

The corporate workers losing their jobs will receive pay and benefits until Jan. 8 as well as severance packages, the spokesperson said.

This post appeared first on NBC NEWS