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 Fortune Bay Corp. (TSXV: FOR,OTC:FTBYF) (FWB: 5QN) (OTCQB: FTBYF) (‘Fortune Bay’ or the ‘Company’) is pleased to announce that summer drilling has commenced at its Murmac Uranium Project (‘Murmac’ or the ‘Project’), located in northern Saskatchewan near Uranium City . A limited suite of high priority targets has been selected for testing.

Exploration work at Murmac is being funded by Aero Energy Limited (TSXV: AERO) (OTC Pink: AAUGF) (FSE: UU3) (‘Aero’), and is being operated by Fortune Bay, under an Option Agreement that was executed on December 15, 2023 .

Gareth Garlick , VP Technical Services of Fortune Bay, commented, ‘ This drilling program represents an excellent opportunity to test high-priority uranium targets with strong geophysical signatures in a proven district. The current drill program has been carefully designed to evaluate structural and conductive settings that have historically delivered uranium mineralization in the Athabasca Basin margin. By capitalizing on shared mobilization and operational efficiencies, we are able to advance exploration in a technically rigorous and cost-effective manner.’ Dale Verran , CEO of Fortune Bay, added, ‘Our partner-funded exploration at Murmac demonstrates how we can unlock value from our uranium portfolio on a non-dilutive basis for shareholders. This strategy allows us to preserve capital and maintain focus on advancing our 100%-owned gold assets, while retaining significant exposure to upside from uranium discoveries.’

Drill Targets

Target selection has been based on airborne electromagnetic and ground gravity survey results, targeting features along buried basement-hosted conductive graphitic units at their intersection with known mineralized cross faults identified during historical and current prospecting activities, including spectrometer surveying and geochemical sampling. Drilling will focus on the northern end of the Armbruster Conductor, which the Company has not yet drill tested. This program has been planned at short notice to benefit from significant cost savings related to the presence of another exploration group in Uranium City carrying out a separate drill program using the same drill contractor. Shared mobilization and operational costs are allowing the Company to cost effectively test three selected high priority targets (Figure 1) in the summer window.

  • A19: Low amplitude EM high target on a conductor inflection, with an associated diffuse gravity low anomaly. The targeted graphitic horizon underlies a small lake, at the location of an intersection of the Armbruster Conductor with a major conductor-parallel fault.
  • A18: Low amplitude EM high feature coincident with a high priority gravity low target at a location where the Armbruster Conductor is apparently terminated by a cross-cutting mineralized fault.
  • A9: A broad EM high anomaly on the edge of a conductor termination, with a small down-dip gravity low. This target is aimed a structural confluence of several known mineralized cross-faults with the Armbruster Conductor.

Technical Disclosure

Further details regarding the historical exploration/drilling and exploration results noted in this news release can be found within the Saskatchewan Mineral Assessment Database (SMAD) and the Saskatchewan Mineral Deposit Index (SMDI). Fortune Bay has verified several of these occurrences through field prospecting and sampling, however there is a risk that any future confirmation work and exploration may produce results that substantially differ from the unverified historical results. Historical drill hole locations, captured from georeferenced assessment report maps, are subject to uncertainty (considered accurate to +/-50 meters. The Company considers these unverified historical results relevant to assess the mineralization and economic potential of the property. The historical information referenced derives from SMAD references 74N07-0011, 74N07-0173 and 74N07-0277.

Qualified Person

The technical and scientific information in this news release has been reviewed and approved by Gareth Garlick , P.Geo., Technical Director of the Company, who is a Qualified Person as defined by NI 43-101. Mr. Garlick is an employee of Fortune Bay and is not independent of the Company under NI 43-101.

About Fortune Bay

Fortune Bay Corp. (TSXV:FOR,OTC:FTBYF; FWB:5QN; OTCQB:FTBYF) is a gold exploration and development company advancing high-potential assets in Canada and Mexico. With a strategy focused on discovery, resource growth and early-stage development, the Company targets value creation at the steepest part of the Value Creation Curve—prior to the capital-intensive build phase. Its portfolio includes the development-ready Goldfields Project in Saskatchewan , the resource-expansion Poma Rosa Project in Mexico , and an optioned uranium portfolio in the Athabasca Basin providing non-dilutive capital and upside exposure. Backed by a technically proven team and tight capital structure, Fortune Bay is positioned for multiple near-term catalysts. For more information, visit www.fortunebaycorp.com or contact info@fortunebaycorp.com .

On behalf of Fortune Bay Corp.

‘Dale Verran’
Chief Executive Officer
902-334-1919

Cautionary Statement Regarding Forward-Looking Information
Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management’s current estimates, beliefs, intentions, and expectations. They are not guarantees of future performance. Words such as ‘expects’, ‘aims’, ‘anticipates’, ‘targets’, ‘goals’, ‘projects’, ‘intends’, ‘plans’, ‘believes’, ‘seeks’, ‘estimates’, ‘continues’, ‘may’, variations of such words, and similar expressions and references to future periods, are intended to identify such forward-looking statements.

Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management’s expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, the Company’s objectives, goals, intentions or future plans, statements, exploration results, potential mineralization, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to failure to identify targets or mineralization, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate First Nations and other indigenous peoples, inability to reach access agreements with other Project communities, amendments to applicable mining laws, uncertainties relating to the availability and costs of financing or partnerships needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company’s public documents filed on SEDAR+. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law. For more information on Fortune Bay, readers should refer to Fortune Bay’s website at www.fortunebaycorp.com .

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

SOURCE Fortune Bay Corp.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/September2025/26/c9916.html

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United Nations Ambassador Mike Waltz on Thursday called mishaps during President Donald Trump’s U.N. speech ‘unacceptable’ and vowed to withhold U.S. funding until sweeping reforms are made.

Waltz appeared on FOX Business’ ‘Kudlow’ when host Larry Kudlow asked him about the incidents that appeared as if the U.N. was trying to sabotage the president.

Kudlow noted that the escalator malfunctioned as Trump and first lady Melania Trump arrived, the teleprompter later failed, and finally the auditorium sound cut out.

Waltz added that the broadcast audio abruptly switched to Portuguese during Trump’s speech before returning to English.

‘The whole thing is unacceptable. The whole thing stinks,’ Waltz said. ‘There’s 150 world leaders there and this only happens to him, not once, not twice, but three times.’

He said the incidents are under investigation by the Secret Service and noted the Secretary General has pledged full cooperation.

‘As the ambassador, I said, you’ve got to open your doors, and some people were kind of shoulder shrugging at this,’ Waltz said. ‘This could have been incredibly serious. It’s insulting, and it’s right here on American soil.’

Waltz then turned to reform, criticizing the U.N.’s bloated bureaucracy and noting that seven agencies focus on climate issues alone. He argued the organization needs to be ‘cut up’ and reformed before U.S. taxpayer money flows again.

He confirmed the U.S. has withheld its U.N. contribution this year.

‘We’ve withheld this year,’ Waltz said. ‘We haven’t paid any and my first meeting with the Secretary General was, here are the reforms that we need to see before you start talking about taxpayer dollars.’

Waltz invoked Sen. Jesse Helms’ 1999 push to clean up the U.N. before releasing U.S. dollars, saying transparency and accountability remain essential.

‘We have every obligation to make sure it’s transparent,’ he said.

This post appeared first on FOX NEWS

President Trump reacted to the indictment of former FBI Director James Comey, telling Fox News Digital during an exclusive interview that he ‘placed a cloud over the entire nation’ with the bureau’s ‘Crossfire Hurricane’ probe.

Comey, on Thursday evening, was indicted by a grand jury on two counts, alleged false statements within jurisdiction of the legislative branch and obstruction of congressional proceeding.

‘What they did was so terrible and so corrupt,’ Trump told Fox News Digital, referring to those involved in the Trump-Russia probe. ‘We had a great administration, though.’

Former Deputy Assistant Director of Counterintelligence Peter Strzok formally opened the Trump-Russia investigation, known inside the bureau as ‘Crossfire Hurricane’ on July 31, 2016.

Trump fired Comey in May 2017. Days later Special Counsel Robert Mueller was appointed to take over the Crossfire Hurricane probe.

‘He is a very corrupt person. He was absolutely a terrible man for what this country stood for,’ Trump told Fox News Digital.

‘Comey placed a cloud over the entire nation, and actually, the Russia, Russia, Russia hoax made it very difficult,’ Trump said. ‘It could have caused wars.’

Fox News Digital exclusively reported in July that Comey was under criminal investigation by the FBI. 

Fox News Digital also exclusively reported that former CIA Director John Brennan is under criminal investigation related to the Trump–Russia probe. 

When asked whether Brennan should be charged as well, the president told Fox News Digital: ‘We’ll have to see what happens.’

‘It is up to the Justice Department, but I can tell you, it is a group of people that was very disappointing,’ the president said. ‘This makes Watergate look like peanuts.’ 

He added: ‘They tried to destroy our country.’

Comey’s case is being handled by the U.S. Attorney’s Office for the Eastern District of Virginia.

The indictment alleges that Comey obstructed a congressional investigation into the disclosure of sensitive information in violation of 18 USC 1505.

The indictment also alleges Comey made a false statement when he stated he did not authorize someone at the FBI to be an anonymous source. According to the indictment, that statement was false. 

His arraignment is set for 10 a.m. on Oct. 9, in Alexandria Courtroom 600 before District Juge Michael S. Nachmanoff.

‘No one is above the law,’ Attorney General Pam Bondi said on X. ‘Today’s indictment reflects this Department of Justice’s commitment to holding those who abuse positions of power accountable for misleading the American people. We will follow the facts in this case.’

FBI Director Kash Patel took to X to say, ‘Today, your FBI took another step in its promise of full accountability.’

‘For far too long, previous corrupt leadership and their enablers weaponized federal law enforcement, damaging once proud institutions and severely eroding public trust,’ Patel wrote. ‘Every day, we continue the fight to earn that trust back, and under my leadership, this FBI will confront the problem head-on. Nowhere was this politicization of law enforcement more blatant than during the Russiagate hoax, a disgraceful chapter in history we continue to investigate and expose.

‘Everyone, especially those in positions of power, will be held to account – no matter their perch.’

Meanwhile, after nearly two years, former Special Counsel Robert Mueller’s investigation, which concluded in March 2019, yielded no evidence of criminal conspiracy or coordination between the Trump campaign and Russian officials during the 2016 presidential election.

Shortly after, John Durham was appointed as special counsel to investigate the origins of the ‘Crossfire Hurricane’ probe.

Durham found that the FBI ‘failed to act’ on a ‘clear warning sign’ that the bureau was the ‘target’ of a Clinton-led effort to ‘manipulate or influence the law enforcement process for political purposes’ ahead of the 2016 presidential election.

‘The aforementioned facts reflect a rather startling and inexplicable failure to adequately consider and incorporate the Clinton Plan intelligence into the FBI’s investigative decision-making in the Crossfire Hurricane investigation,’ Durham’s report states.

‘Indeed, had the FBI opened the Crossfire Hurricane investigation as an assessment and, in turn, gathered and analyzed data in concert with the information from the Clinton Plan intelligence, it is likely that the information received would have been examined, at a minimum, with a more critical eye,’ the report continued.

Durham, in his report, said the FBI ‘failed to act on what should have been — when combined with other incontrovertible facts — a clear warning sign that the FBI might then be the target of an effort to manipulate or influence the law enforcement process for political purposes during the 2016 presidential election.’

In an Instagram post on Thursday, Comey acknowledged that he and his family have known for years that there are costs to standing up to President Donald Trump.

‘We couldn’t imagine ourselves living any other way,’ he said. ‘We will not live on our knees and you shouldn’t.’

Fox News’ David Spunt contributed to this report. 

This post appeared first on FOX NEWS

James Comey, the former FBI Director, was indicted on felony charges of obstruction and perjury Thursday, igniting fierce reactions across the nation and political spectrum.

The charges, announced by newly appointed U.S. Attorney Lindsey Halligan in the Eastern District of Virginia, relate to his 2020 testimony before the Senate Judiciary Committee. 

Halligan framed the indictment as a matter of accountability, declaring it ‘a breach of public trust at an extraordinary level’ and emphasizing that ‘no one is above the law.’ 

If convicted, Comey faces up to five years in prison.

The announcement sparked reaction with the fastest coming through from the president and his allies.

President Donald Trump has long demanded Comey’s prosecution since firing him in 2017 and railing against the Russia investigation he oversaw.

Trump celebrated the news with a triumphant post on his Truth Social account.

‘JUSTICE IN AMERICA! One of the worst human beings this Country has ever been exposed to is James Comey, the former Corrupt Head of the FBI. Today he was indicted by a Grand Jury on two felony counts for various illegal and unlawful acts. He has been so bad for our Country, for so long, and is now at the beginning of being held responsible for his crimes against our Nation. MAKE AMERICA GREAT AGAIN!’ the president wrote.

Attorney General Pam Bondi also issued a sharp statement on X declaring, ‘No one is above the law. The American people deserve justice after years of lies and political interference.’

FBI Director Kash Patel amplified that opinion and cast the indictment as part of a broader effort to restore trust in the bureau. 

‘Today, your FBI took another step in its promise of full accountability,’ he wrote. 

‘For far too long, corrupt leadership weaponized federal law enforcement, damaging once proud institutions and eroding public trust. Under my leadership, this FBI will confront the problem head-on. No one is above the law.’

U.S. Senator John Cornyn responded noting the gravity of Comey’s offenses.

‘While our legal system provides for the presumption of innocence, Comey’s accountability for FBI abuses during the first Trump term are long overdue,’ he said. ‘These charges are serious offenses, especially if committed by the head of our nation’s top law enforcement agency, and there must be consequences for any crimes.’

Deputy Chief of Staff Stephen Miller called it ‘a long-awaited correction to years of corruption and cover-ups,’ while economic adviser Peter Navarro said it proved ‘justice delayed is not justice denied.’

Democrats condemned the charges as politically motivated. 

Senator Tim Kaine (D-VA) denounced what he called a ‘malicious prosecution,’ reminding reporters that Trump previously fired a prosecutor who refused to bring ‘frivolous charges.’

Senator Mark Warner (D-VA), vice chair of the Senate Intelligence Committee, issued an even sharper rebuke. 

‘This kind of interference is a dangerous abuse of power,’ he warned. ‘By ousting a respected, independent prosecutor and replacing him with a partisan loyalist, Trump is undermining one of the most important U.S. Attorney’s offices in the country and eroding the rule of law itself.’

This post appeared first on FOX NEWS

Former FBI Director James Comey has declared himself ‘not afraid’ of President Donald Trump’s Justice Department after being indicted Thursday for allegedly lying to Congress and obstructing a congressional proceeding. 

‘My family and I have known for years that there are costs to standing up to Donald Trump, but we couldn’t imagine ourselves living any other way,’ Comey, who denies the allegations, said in an Instagram video. ‘We will not live on our knees, and you shouldn’t either. Somebody that I love dearly recently said that fear is the tool of a tyrant, and she’s right.’

‘But I’m not afraid,’ Comey added.

Comey was indicted by a grand jury following a probe centered on whether he lied to Congress during his Sept. 30, 2020, testimony about his handling of the original Trump–Russia investigation at the FBI, known inside the bureau as ‘Crossfire Hurricane.’ The indictment also alleges Comey made a false statement when he testified that he did not authorize someone at the FBI to be an anonymous source. According to the indictment, that statement was false.

‘My heart is broken for the Department of Justice, but I have great confidence in the federal judicial system,’ Comey continued. ‘I’m innocent. So let’s have a trial and keep the faith.’

Patrick J. Fitzgerald will represent Comey in the case and said his client denies the charges.

‘Jim Comey denies the charges filed today in their entirety,’ Fitzgerald said in a statement. ‘We look forward to vindicating him in the courtroom.’

WATCH: James Comey indicted, charged with false statement and obstruction of justice

Fitzgerald previously served as special counsel in the Valerie Plame CIA leak probe and as U.S. attorney in Chicago, where he prosecuted former Illinois Gov. Rod Blagojevich, who was convicted in a corruption scandal in 2011.

The indictment marks a stunning legal turn for the man who once led the bureau through the Hillary Clinton email controversy and Russia investigation.

Comey will reportedly turn himself in on Friday, and his arraignment is set for 10 a.m. on Oct. 9 before District Judge Michael S. Nachmanoff, a judge appointed by former President Joe Biden.

FBI Director Kash Patel defended the bureau’s work in the case by praising the career agents and analysts who led the investigation.

‘They called the balls and strikes and will continue to do so,’ Patel said in a statement. He dismissed claims of politicization as ‘wildly false accusations’ and said critics were repeating the same ‘bankrupt’ narratives tied to the Russia investigation.

‘It’s hypocrisy on steroids. Their baseless objections tell us now, more than ever, that we are precisely over the target and will remain on mission until completion,’ Patel said.

President Trump took to Truth Social Friday to celebrate the indictment and declared Comey a ‘dirty cop.’

‘Whether you like Corrupt James Comey or not, and I can’t imagine too many people liking him, HE LIED!’ Trump wrote. ‘It is not a complex lie, it’s a very simple, but IMPORTANT one. There is no way he can explain his way out of it.’

Trump said Comey got ‘unexpectedly caught’ but is off to a good start with the case being assigned to a Biden-appointed judge. 

‘He knew exactly what he was saying, and that it was a very serious and far-reaching lie for which a very big price must be paid!’ Trump wrote. 

The indictment alleges that Comey obstructed a congressional investigation into the disclosure of sensitive information in violation of 18 USC 1505.

Fox News Digital also exclusively reported that former CIA Director John Brennan is under criminal investigation related to the Trump–Russia probe. 

Under federal law, prosecutors have five years to bring a charge, with the five-year mark occurring Tuesday.

The case is being handled by the U.S. Attorney’s Office for the Eastern District of Virginia.

This post appeared first on FOX NEWS

Kamala Harris, when she was serving as vice president, rejected the Biden campaign’s pressure to celebrate the then-president as the winner of his disastrous debate against Donald Trump, saying she didn’t want to be fed ‘bulsh–t,’ she reported in her new memoir. 

”JOE BIDEN WON’—all caps, highlighted. ‘He fought through his cold as he is fighting for the American people,” a sheet of paper containing favorable talking points after then-President Joe Biden’s poor performance on the debate stage, according to Harris’ latest memoir, ‘107 Days.’ 

Biden’s poor debate performance against Trump in June 2024 served as the death knell to the campaign that already was coping with mounting public concern that Biden’s mental acuity had cratered and he was unable to serve a second term. Despite the abject failure of a debate performance, Biden’s campaign wanted Harris to deliver favorable assessments of the debate to the American people, according to her book. 

‘Are you kidding me?’ she said ran through her mind as she read the sheet of paper declaring Biden the winner of the night. 

She threw the paper back on the table before fielding a call from Biden’s team outlining she was expected to say more of the same as the talking points when joining media interviews. 

‘No. Don’t feed me bulls–t. Everyone saw what they saw,’ Harris continued in the book of what she thought during the call. 

The then-vice president said the disastrous debate was littered with Biden missing opportunities to attack Trump, stumbling over his words and losing his train of thought. 

‘Trump, meanwhile, was using his words like a weapon, but shooting before he aimed, spouting lies, unburdened by the truth,’ she wrote. ‘Biden, striving for accuracy, often stopped midsentence to correct himself, which left him sounding hesitant and garbled. I knew the important policy points he was struggling to convey, and I knew he knew them. He is a master of this material, but that was not coming across at all.’ 

The Biden campaign suffered a devastating gut punch when Biden delivered a bizarre line on Medicare. 

‘And then, at the end of a string of convoluted sentences in which he twice confused millions and billions, Joe lost his train of thought entirely, looked disoriented, and blurted out, ‘We finally beat Medicare,” Harris wrote in her scathing critique of the debate. 

‘Trump’s reply: ‘Well, he’s right. He did beat Medicare. He beat it to death,’’ Harris continued. 

The former vice president described that campaign staffers were tracking reactions to the debate online, with the vast majority describing Biden’s performance as ‘disaster,’ ‘train wreck’ and ’embarrassment,’ she wrote. 

Harris’ husband, attorney Doug Emhoff, faced his own outrage over Biden’s debate performance when left-wing Hollywood director Rob Reiner ‘screamed’ at him during a watch party that democracy was about to be squandered over Biden’s performance. 

‘Doug, at a watch party with Hollywood donors, was getting an earful. Rob Reiner had screamed at him: ‘We’re going to lose our f—ing democracy and it’s your fault!” Harris wrote. 

As Harris prepared to join CNN in a post-debate interview that was all but guaranteed to focus on Biden’s disastrous performance, she reflected on a joke about a cheating husband, she wrote.

‘I couldn’t help but think of the Richard Pryor joke where his wife catches him in bed with another woman. ‘You gonna believe me or your lyin’ eyes?’ he says,’ Harris wrote.

Harris said she would not tell voters ‘that their eyes had lied,’ and instead pivoted her talking points to ‘Trump’s numerous lies.’

‘Listen, people can debate on style points, but ultimately this election and who is the president of the United States has to be about substance,’ she told CNN’s Anderson Cooper in the post-debate interview. ‘Donald Trump lied over and over and over again, as he is wont to do. He would not disavow what happened on January 6. He would not give a clear answer on whether he would stand by the election results this November. He went back and forth about where he stands on one of the most critical issues of freedom in America, which is the right of women to make decisions about their own body.’ 

Biden’s office declined comment when approached by Fox News Digital Tuesday morning. 

Harris’ ‘107 Days’ hit bookshelves Tuesday and recounts the days of her truncated presidential campaign after Biden dropped out of the race July 21, 2024. 

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WASHINGTON — Americans are more likely to watch newly released movies from the comfort of their own homes instead of heading out to a theater, according to a new poll.

About three-quarters of U.S. adults said they watched a new movie on streaming instead of in the theater at least once in the past year, according to the survey from The Associated Press-NORC Center for Public Affairs Research, including about 3 in 10 who watched new movies on streaming at least once a month.

Meanwhile, about two-thirds of Americans said that they’ve watched a recently released movie in a theater in the past year, and only 16% said they went at least once a month.

The results suggest that, on the whole, American moviegoers are more likely to stream a film than see it in the theaters, a shifting tide that was only accelerated during the COVID-19 pandemic and its aftermath. Convenience and cost are both factors for many people who can’t find the time to go to a theater or pay the increasingly high price for a ticket.

Sherry Jenkins, 69, of New Jersey, turns to streaming for all of her moviegoing needs.

“It’s much more convenient,” Jenkins said. “I can watch anything I want, I just have to wait a month or two after the movies are released because they usually go to streaming pretty quickly.”

In the post-pandemic era, films end up on streaming services more quickly. In 2017, a 90-day exclusive theatrical window was common. Now, theaters are fighting for an industrywide standard of 45 days. For studios, the strategy seems to be different for every movie. This year’s best picture winner, “Anora,” had a 70-day exclusive theatrical window. “Wicked,” meanwhile, was available to purchase on demand only 40 days after opening in theaters — and that was a case in which the film was, and continued to be, a box-office hit. It was also profitable on streaming.

There is some overlap between theatergoers and people who opt for streaming — 55% of U.S. adults have seen a new movie in a theater and skipped the theater in favor of streaming at least once in the past year — but only watching new movies on streaming is more common than only going to the theater.

Some in the film industry believe that movies that start in theaters still have more cultural cachet, but Jenkins doesn’t see it that way.

“The studios now are so closely affiliated with the streaming services,” Jenkins said. “There’s really no logic behind why some skip the theaters.”

The last time she regularly went to the movie theaters was, she thinks, about 20 years ago. But as a tech-savvy retiree, there just hasn’t been enough of a reason to make the trek to the theater. A subscriber to Acorn, BritBox, Paramount+, Peacock, Netflix and Hulu, Jenkins doesn’t even see the need for cable anymore.

“People tell me, ‘Oh, you have to go to the theaters and see ‘Top Gun: Maverick,’ ” Jenkins said. “But my TV is 75 inches, and I’m comfortable. I’m at home.”

Maryneal Jones, 91, of North Carolina, said she likes to go to the movies but finds them too expensive.

“There’s some movies I would like to see, and I say to myself, I’ll just wait until they show them on TV or I’ll go visit a friend who has those apps,” Jones said. “But I just don’t want to pay 12 bucks.”

The average cost of a movie ticket in the U.S. is $13.17, according to data firm EntTelligence. In 2022, it was $11.76.

Jones does not subscribe to any streaming services, but she also sees more movies in theaters than many others. She estimates she sees about six to eight a year. Recent films she’s watched in the theater include “The Life of Chuck” and the French romantic comedy “Jane Austen Wrecked My Life.”

The AP-NORC poll also indicates that streaming may be a more accessible option for lower-income Americans. Higher-income adults are more likely than low-income adults to be at least occasional moviegoers for new releases, but the gap is smaller for watching movies on streaming instead of going to the theater.

New movies are more popular among young adults, regardless of how they see them. But streaming is more of a go-to for the younger generation.

Slightly less than half of adults under age 30 say they watched a recently released movie on streaming instead of going to the theater at least once a month in the past year, compared with about 2 in 10 who watched a movie in the theater with that frequency.

Eddie Lin, an 18-year-old student in Texas, said he mostly watches movies at home, on streamers like Crunchyroll, Hulu, HBO Max and Prime Video, but will go to the theaters for “bigger things” like “A Minecraft Movie,” which is the biggest movie of the year in North America.

“A couple of my friends wanted to see it,” Lin said. “And there were the memes. I felt like the audience would be more interactive and it would be enhanced by being there with, like, a bunch of people.”

While streaming will continue to be formidable competition for audience attention and dollars, there has also been rising interest in the value of seeing certain films in IMAX or on other premium format screens, whether it’s “Sinners” or “Oppenheimer.”

The North American box office is currently up more than 4% from last year, but the industry has struggled to reach pre-pandemic levels of business. Compared with 2019, the annual box office is down more than 22%.

“I used to go more when I was younger, with my family, seeing all the Marvel movies up to ‘Endgame,’ “ Lin said. “I like movie theaters. It’s an experience. For me, it’s mostly a time thing. But I do feel like a certain charm of watching movies in theaters is gone.”

This post appeared first on NBC NEWS

It can be tempting for investors to focus on specific assets or strategies when building an investment portfolio, but those taking a long-term approach will want to diversify in order to balance out potential portfolio instability.

Gold has a reputation for being a reliable diversifier because it can act as a hedge against various risks.

For those unfamiliar with the term, put simply, a hedge is an investment position whose main purpose is to offset potential losses or gains related to another asset. But how does that work, and what’s the best way to get exposure to gold as a hedge?

Read on for a look at how this strategy works and why it’s worth considering.

In this article

    Why use gold investments as a hedge?

    Gold is looked at as a hedge investment in many different situations. The first and most popular use of gold as a source of protection is as a hedge against the decline of a currency, typically the US dollar. When the dollar slips, the yellow metal not only becomes less expensive to hold, but also tends to rise in value.

    “Gold’s relationship with the dollar is determined by US-based gold supply and demand, as well as by the status of the dollar as the reserve currency globally,” states the World Gold Council. “Historically, a weak dollar tends to provide a stronger boost to gold’s performance than the drag created by a strong dollar.”

    By holding the precious metal as a diversification tool when the economy negatively affects currencies, investors can incur gains from the metal’s increased value.

    The second reason why gold makes a good hedge is that it can act as a defense against inflation. When the cost of living begins to rise, the stock market often falls. In those cases, investors with assets that are negatively affected by a volatile market need something to balance that out — that’s where gold comes in.

    Over the past 50 years, investors have seen gold make huge gains when the stock market is crumbling. As Investopedia points out, “This is because, when fiat currency loses its purchasing power to inflation, gold tends to be priced in those currency units and thus tends to arise along with everything else.”

    Interestingly, the yellow metal has also been used as a hedge against deflation, which happens when prices drop, the economy is in a downturn and excessive debt looms. This situation has not occurred since the Great Depression of the 1930s, and to a much smaller degree after the 2008 financial crisis.

    Market participants may decide to hoard cash in this type of scenario, and the safest place to hold cash is in gold. Again, while this situation is not commonplace, many investors keep the yellow metal in their portfolios on the off chance that another massive period of deflation will take place.

    Finally, gold can be used as a general portfolio hedge when market participants hold investments that are not related to one another. Since the precious metal generally has a negative correlation to stocks, bonds and other financial instruments, investors often diversify by creating a portfolio that combines gold with stocks and bonds in order to reduce both volatility and risk.

    While it is true that the yellow metal goes through times of volatility, it has always maintained its value over the long term, making it a steady addition to investors’ portfolios.

    Those who have decided to add gold to their portfolio as a hedge have a variety of options. Here’s an overview of three of the most popular ways of getting exposure to gold.

    1. How to use physical gold as a hedge

    Investors can get the most direct exposure to gold by buying physical gold, and holding the physical metal also adds diversification from digital assets. Physical gold can be purchased through government mints, private mints, precious metals dealers and even jewelry stores.

    Physical gold investors should generally focus on 0.999 fine items, as these will also be the easiest to sell. The majority of gold bullion products fit this description.

    One of the most common choices for investors are gold bullion coins, such as the South African Krugerrand or the Canadian Gold Maple Leaf, which are 0.999 fine. The American Gold Eagle is reputable and popular as well, but has a lower purity at 91.67 percent. Another option is gold rounds, which are similar to coins, but are not legal tender, making them often slightly cheaper.

    Gold bars are another popular option, and because they come in a variety of sizes, they can accommodate a range of investors. Large investments may best be made in bars since bigger sizes are available. Further, it is often easier to manage several large products than it is to manage an array of smaller gold items.

    When deciding on what to purchase, gold buyers will want to keep their plans for selling in mind. For example, large products may be more difficult and thus slower to sell, meaning it could be harder to take advantage of gold price movements or convert it to cash in an emergency. Individuals making ongoing or significant investments may therefore want to consider purchasing gold in various weights to give them versatility.

    Click here to learn more about physical gold as an investment.

    Click here to learn what moves the gold price and the highest price for gold is.

    2. How to use gold ETFs as a hedge

    One of the common ways investors add gold as a hedge is through investing in a gold exchange-traded fund (ETF), which trade on a stock exchange just like equities. There are several kinds of gold ETFs, offering exposure to different aspects of the gold market. Gold ETFs can offer investors access to gold price movements by holding physical gold or the gold futures market through holding futures contracts. There are also gold ETFs focused on gold mining stocks, providing a more stable alternative to investing in individual gold stocks.

    It is important to keep in mind that investors who own gold ETFs do not own any physical gold — even gold ETFs that track physical gold generally cannot be redeemed for it, with the exception of the Vaneck Merk Gold ETF (ARCA:OUNZ). Nonetheless, gold ETFs are a good option for getting exposure to the precious metal without personally trading physical gold, gold futures or gold stocks.

    Click here for a list of five biggest gold ETFs and more information on gold ETFs.

    Click here for a list of top ASX-listed gold ETFs.

    3. How to use gold futures as a hedge

    A futures contract is an agreement to buy or sell gold on a date in the future for a price determined when the contract is initiated. In a gold futures transaction, two parties agree on a price, the amount of gold being purchased and the future delivery month.

    The futures market is often referred to as an arena for paper trading. The bulk of the activity is just that, as metal is not actually exchanged and settlements are made in cash. It allows investors to buy or sell gold as they want without management fees, and taxes are split between short-term and long-term capital gains.

    In some cases, the futures market can be an arena for purchasing physical gold. However, obtaining gold through the futures market requires a large investment and involves a list of additional costs. The process can be complicated, cumbersome and lengthy, which is why actually buying physical gold through futures is considered best for highly experienced market participants.

    Click here to learn more about gold futures.

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

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