Eric Nuttall, partner and senior portfolio manager at Ninepoint Partners, shares his outlook for oil and natural gas, honing in on supply, demand and prices.
Global uncertainty has placed pressure on the oil market, and Nuttall said for that reason he sees natural gas stocks outperforming oil stocks in the near term.
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
Tolu Minerals Limited (“Tolu”) is pleased to announce the granting of its Ipi River tenement EL 2780 (Figure 1) covering 395.56 km2 of highly prospective copper-gold mineralisation. The historically discovered Ipi River porphyry deposit within EL 2780, located 55 km northwest of the Tolukuma gold mine is one of several under-explored porphyry style Cu-Au-Mo systems with epithermal Au overprint within Tolu’s exploration portfolio.
HIGHLIGHTS:
“I’m pleased to report the progression of our exploration strategy with the award of Exploration License EL 2780 consisting of highly prospective ground within the Ipi River tenement. This award, coupled with our recent and historical exploration programmes at Ipi River, reinforces Tolu’s position as an emerging, important explorer and operator in what is rapidly becoming one of the great gold/copper provinces of the world.
Recently flown Airborne MT preliminary imagery reinforces historical exploration data and indicates a number of porphyry or intrusive related copper-gold targets. The tenement also includes historical copper-gold-molybdenum, late-stage epithermal gold, and peripheral unexplored Au targets. This latest addition to our tenement portfolio allows us to proceed with our next stage of exploration on a more detailed evaluation of the Airborne MT results and target areas.
The award of the Ipi River exploration license is a significant addition to Tolu’s highly prospective exploration and development portfolio that provides a number of compelling targets and potential for further major discoveries.
In line with the Company’s vision to reveal the porphyry and epithermal deposit potential at Tolukuma, Mt Penck and now Ipi River, the appointment of Doug Kirwin to Tolu’s Advisory Board is a testament to the Company’s broader commitment to defining a substantial resource within Tolu’s exploration targets, further to the re-start of the Tolukuma Gold-Silver Mine.”
Chris Muller, Tolu’s Executive Group Geologist commented that “the continuous progress towards growing Tolu’s exploration portfolio with high potential tenements has reinforced my view that Tolu is among the most exciting growth companies in one of the great underdeveloped and underexplored gold mining provinces on the planet.”
The advanced Airborne Magneto Telluric (“Airborne MT” or “MT”) survey was flown over the Eastern 209km2 of the EL to help in identifying a new generation of geophysical targets related to gold and copper-lead-zinc mineralisation for ground follow-up and drilling.
Airborne MT is an advanced geophysical technology providing high-resolution, deep resistivity/conductivity 3D mapping to over 1km depth. Final data from the recently completed airborne MT survey flown over the known Ipi River porphyry and Mt. Yule “Bulls- eye” magnetic porphyry gold-copper systems have diagnostic sub-surface conductivity, resistivity and magnetic signatures that are calibrations for identifying similar integrated anomalies.
An additional five, previously unexplored discrete geophysical target areas, have already been identified, proving the technique to be a cost-effective compliment to historical exploration results. A more detailed desktop review of historical exploration and airborne geophysics will now be completed ahead of fieldwork on ground.
Target mineralisation within the tenement includes an extremely intense and large 6km x 6km dipolar “Bulls-eye” magnetic anomaly (Figure 2) at Mt. Yule (IPI06), located at a major structural intersection of the NE-trending Yule Transfer Structure and orthogonal structure related to a deep-set high electrical resistivity trend (Figure 3).
The IPI06 occurs as an exceptionally high magnetic signature (>1,730nT dipolar variation) and geologically related to a diorite/monzonite intrusive. The magnetic characteristics are like that of the Indonesia Grasberg monzodiorite and Ertsberg diorite Cu-Au-Ag mineral deposits, located on the Western half of New Guinea island1.
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Saga Metals Corp. (‘SAGA’ or the ‘Company’) (TSXV: SAGA) (OTCQB: SAGMF) (FSE: 20H) a North American exploration company specializing in the discovery of critical minerals, is pleased to announce the appointment of Vernon Shein to its board of advisors.
A mining industry veteran with 39 years of exploration industry experience, Mr. Shein spent the last 18 years as Exploration Manager for Bema Gold Corp. and its successor company B2Gold, specializing in advancing exploration programs through Preliminary Economic Assessment, Feasibility Study and into production.
Mr. Shein holds a B.Sc., Specialization Geology, from Concordia University and has conducted exploration programs on gold and base metals projects located throughout Canada, South America, Russia and the Asia Pacific. While serving as Exploration Manager at B2Gold, projects that he has managed from exploration through to production include the Kupol Mine in Russia, the Jabali Mine in Nicaragua and the Montana open pit at the Masbate Mine in the Philippines. At the Kupol Mine, Mr. Shein oversaw the drilling and modeling of the deposit through Pre-Economic Assessment in 2004 and Final Feasibility in 2005. Mr. Shein also developed the Jabali Mine from an untested, previously mined prospect to a mineable reserve/resource in two years with mining commencing in 2013. In recent years, Mr. Shein oversaw exploration activities at the Masbate Mine which developed new reserves at the Montana and Pajo deposits. He also oversaw exploration at the Aurion/B2GOLD joint venture in Central Lapland, Finland, resulting in the discovery of the western extension of Rupert’s Ikkari deposit.
‘We are thrilled to welcome Vern to SAGA’s board of advisors,’ stated Mike Stier, CEO & Director of Saga Metals . ‘Vern’s industry insight will be valuable across our entire suite of prospective critical mineral projects with initial focus spent on the Radar Ti-V-Fe project near Cartwright, Labrador. With the exceptional results to date from our maiden drill program and the ability to fast track this project, building a board of technically proficient advisors with world class experience is paramount to our success. The Radar project is poised for advanced development and we’re fortunate to have Vern’s expertise as a sounding board as we move through these critical next steps.’
Mr. Shein commented: ‘I am excited to be advising Saga Metals Corp. with their intelligent, diversified and aggressive exploration programs targeting critical minerals that support the green energy transition. Given my successful advancement of several projects from grass roots through to production, I’m eager to add value to SAGA’s rapidly evolving Radar Ti-V-Fe project.’
About Saga Metals Corp.
Saga Metals Corp. is a North American mining company focused on the exploration and discovery of critical minerals that support the global transition to green energy. The company’s flagship asset, the Double Mer Uranium Project, is located in Labrador, Canada, covering 25,600 hectares. This project features uranium radiometrics that highlight an 18km east-west trend, with a confirmed 14km section producing samples as high as 0.428% U 3 O 8 and uranium uranophane was identified in several areas of highest radiometric response (2024 Double Mer Technical Report).
In addition to its uranium focus, SAGA owns the Legacy Lithium Property in Quebec’s Eeyou Istchee James Bay region. This project, developed in partnership with Rio Tinto, has been expanded through the acquisition of the Amirault Lithium Project. Together, these properties cover 65,849 hectares and share significant geological continuity with other major players in the area, including Rio Tinto, Winsome Resources, Azimut Exploration, and Loyal Lithium.
SAGA also holds additional exploration assets in Labrador, where the company is focused on the discovery of titanium, vanadium, and iron ore. With a portfolio that spans key minerals crucial to the green energy transition, SAGA is strategically positioned to play an essential role in the clean energy future.
On Behalf of the Board of Directors
Mike Stier, Chief Executive Officer
For more information, contact:
Saga Metals Corp.
Investor Relations
Tel: +1 (778) 930-1321
Email: info@SAGAmetals.com
www.SAGAmetals.com
The TSX Venture Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of this release. Neither the TSX Venture Exchange nor its Regulation Service 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 Disclaimer
This news release contains forward-looking statements within the meaning of applicable securities laws that are not historical facts. Forward-looking statements are often identified by terms such as ‘will’, ‘may’, ‘should’, ‘anticipates’, ‘expects’, ‘believes’, and similar expressions or the negative of these words or other comparable terminology. All statements other than statements of historical fact, included in this release are forward-looking statements that involve risks and uncertainties. In particular, this news release contains forward-looking information pertaining to the Company’s advisors and projects. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations include, but are not limited to, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, environmental risks, limitations on insurance coverage, risks and uncertainties involved in the mineral exploration and development industry, and the risks detailed in the Company’s final prospectus in Manitoba and amended and restated final prospectus for British Columbia, Alberta and Ontario dated August 30, 2024, filed under its SEDAR+ profile at www.sedarplus.ca, and in the continuous disclosure filings made by the Company with securities regulations from time to time. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements only as expressly required by applicable law.
News Provided by GlobeNewswire via QuoteMedia
American Salars Lithium Inc. (‘AMERICAN SALARS’ OR THE ‘COMPANY’) (CSE: USLI, OTC: ASALF, FWB: Z3P, WKN: A3E2NY ) announces the addition of Dr. Mark King PhD, PGeo, FGC, a world-renowned lithium brine expert, as a Technical Advisor and Qualified Person.
Dr. King is a hydrogeologist with 30+ years of international experience in groundwater modeling and geochemistry. For the past 15 years, he has specialized in exploration and evaluation of lithium brine projects. His strong chemistry and numerical modeling background has proven to be an excellent foundation for brine exploration and quantitative evaluation. Consequently, his resource and reserve estimation experience on major brine projects is now arguably the most extensive of any geologist, hydrogeologist, or engineer in the world.
Some notable past involvements include serving as a resource and/or reserve estimation Qualified Person for the following:
In addition, Dr. King and his team have conducted detailed due diligence reviews of 20+ advanced brine projects and reconnaissance reviews (and ranking) of 100+ greenfield to early-stage projects, in South America and the southern US. His technical team at GWI have advanced expertise in geological modelling, GIS, data management and 3D visualization. They will provide exploration and resource consulting services to American Salars from time to time.
R. Nick Horsley, CEO & Director States , ‘American Salars is yet again adding depth to its technical team. We are fortunate to welcome Dr. King and his team at GWI to American Salars and look forward to working together in our search for significant lithium salar projects. Mark is a globally recognized authority whose work has taken him to lithium brine projects throughout North and South America, and beyond.’
About American Salars Lithium Inc.
About American Salars Lithium Inc. American Salars Lithium Inc. is an exploration company focused on exploring and developing high-value battery metals projects to meet the demands of the advancing electric vehicle market.
All Stakeholders are encouraged to follow the Company on its social media profiles on LinkedIn, Twitter and Instagram.
On Behalf of the Board of Directors,
‘R. Nick Horsley ‘
R. Nick Horsley, CEO
For further information, please contact:
American Salars Lithium Inc.
Phone: 604.880.2189
E-Mail: info@americansalars.com
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
Disclaimer for Forward-Looking Information
Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding American Salar’s intention to continue to identify potential transactions and make certain corporate changes and applications. Forward looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance, or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits American Salars will obtain from them. These forward-looking statements reflect managements’ current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect. A number of risks and uncertainties could cause actual results to differ materially from those expressed or implied by the forward-looking statements, including American Salars results of exploration or review of properties that American Salars does acquire. These forward-looking statements are made as of the date of this news release and American Salars assumes no obligation to update these forward-looking statements, or to update the reasons why actual results differed from those projected in the forward-looking statements, except in accordance with applicable securities laws.
News Provided by GlobeNewswire via QuoteMedia
Who rules the NFL (social media)?
The NFL content Super Bowl has arrived in the NFL with the 2025 schedule release. What was once just the release of the season calendar has turned into a chaotic, beautiful moment for all 32 squads. Teams go above and beyond to release videos that reveal the schedule in hilarious, dramatic format.
Is having a top tier schedule release video indicative of a successful season? Sort of. Last season, USA TODAY Sports ranked the Arizona Cardinals as the worst video release, and they missed the playoffs for the third consecutive year. But the second-worst Denver Broncos, made the playoffs. Meanwhile, the Philadelphia Eagles had the third-best, and they ended up hoisting the Lombardi Trophy. The No. 1 ranked Los Angeles Chargers also made the playoffs.
The Chargers have had the top video the past two seasons. Will anyone unseat them and claim the crown?
Minecraft was a popular way to release videos. The Colts did not hold back with some of these jokes, and while some were exceptional, it resulted in the video getting deleted. The new video didn’t do any favors.
Maybe the film should’ve actually been short.
You’re not the only one confused as to what we just witnessed.
Dave Portnoy delivers an unfunny announcement that could put you to sleep.
Just dudes being dudes, but unsure if this is a live stream worth watching.
Panthers players get some weight lifted off their shoulders, just in an unfunny way.
While a cool look through the city, there’s nothing special happening.
A nice look through the Raiders headquarters with subtle jokes at opponents. Some people aren’t great at acting.
Kids falling always get some chuckles.
This goes for the motivational route, and while the animations are incredible, it wasn’t anything special.
The drawings within drawings made for some wicked art-ception.
As horrifying as it is, everyone’s had these types of fever dreams before.
Everyone wishes coaches would actually show an angry version of themselves, and the anger translator had some solid clap backs.
“Cash Cab” was an iconic show, and while there was some cool trivia sprinkled in, most were too easy.
Jon Gruden unboxing videos unveil cool stuff and tidbits, and the former Buccaneer coach knows how to get people hyped.
It was simple, but you’re allowed to flex the Lombardi Trophy as Super Bowl champions.
If these tattoos are real, then there’s no denying the loyalty in Minneapolis.
With the 50th anniversary of the team, Seattle goes with the old school action figure commercial. The villain figures were a creative way to make fun of opponents.
One of the most iconic moments in the “Scary Movie” franchise with some notable Texans fans.
Always expect some shenanigans with Lamorne Morris.
Mack Wilson definitely has some bars. This could be an anthem played during games.
Now this is the A.I. we want to see. Simple and a great twist.
Getting the social media star of 2025 in Ashton Hall to do his routine? The Jaguars definitely put at least 10,000 on it.
Some good spots with an amazing game in Roller Coaster Tycoon, but felt like it held back on some teams.
Brenda Song knows ball, and “The Daily Show”-style had some clever jokes.
Tennessee captures how every NFL fan feels without football being played with a hilarious medicinal commercial.
The Giants perfectly capped the city stereotypes and fan bases with a “Love Island” parody.
Video game inspired releases have been a hit, and credit for not using an actual game for it. Also some fantastic deep cuts for other fanbases.
Way to commit to the “Severance” style. It really felt like an episode of the hit show with the ominous feel, and the players showed some acting chops.
Nick Herbig and Keeanu Benton should consider a TV show after this performance. The animal noises part was gold.
The old school Mario Kart was incredible with stellar graphics, and the Falcons didn’t hold back with the great diss of Bill Belichick.
The Chargers do it again, this time with Minecraft. There are so many sneaky disses in there, and it’s pure art from beginning to end. Los Angeles remains the king of shade and schedule release videos.
The Edmonton Oilers are heading back to the Western Conference final thanks to a rebound performance from goalie Stuart Skinner.
Skinner, who had a 6.11 goals-against average after he was pulled in Game 2 of the first round, picked up his second consecutive shutout to oust the Vegas Golden Knights Wednesday night 1-0 in overtime of Game 5.
Edmonton’s Kasperi Kapanen won the game and the series with a goal at 7:19 of the first overtime during a net-front scramble. The waiver pickup was making his second appearance of the playoffs. He has six career playoff goals but two of them have been scored in overtime.
Skinner returned to the net in Game 3 of the second round because of an injury to Calvin Pickard, who had won six in a row.
Vegas won its lone game of the series 4-3 on a Reilly Smith goal with 0.4 seconds left, but Skinner has been unbeatable since. He made 24 saves in Game 5.
He had a similar rebound performance in the second round last season as he took the Oilers to Game 7 of the Stanley Cup Final.
Here are takeaways from the Edmonton Oilers’ Game 5 win against the Vegas Golden Knights:
McDavid’s eight-game point streak came to an end, but the Oilers are showing in this year’s playoffs that they don’t need big performances from him and Leon Draisaitl to win. Kapanen was the 16th Oilers player to get a goal this postseason. Corey Perry, who turns 40 on Friday, has five goals. Evander Kane, who missed the regular season, has four.
Pavel Dorofeyev, Tomas Hertl, Jack Eichel, Ivan Barbashev and Brett Howden combined for 141 goals in the regular season. But none had a goal in the second round.
Captain Mark Stone, who had a team-high four playoff goals, missed Game 5 with an injury. He was hurt in Game 3 but returned for Game 4.
They will face the winner of the Dallas Stars-Winnipeg Jets series in the conference final. Dallas leads that series 3-1 and can wrap it up Thursday night in Winnipeg. If that happens, it would be a rematch of the 2024 Western Conference final. The Oilers will lack home-ice advantage for the third series in a row.
Unlike recent years, the Golden Knights were relatively quiet at the trade deadline, bringing back original Golden Knights player Smith. They won the Pacific Division but will have to figure out why their offense didn’t produce.
Most of their core is signed long-term. Goalie Adin Hill is signed through 2031. Eichel has one year left on his contract and is eligible to sign an extension on or after July 1.
Smith, Brandon Saad, Victor Olofsson, Tanner Pearson and backup goalie Ilya Samsonov are pending unrestricted free agents.
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The NFL released the full 18-week schedule for the 2025 season on May 14.
Each team had their own way of announcing their schedule via video. Two teams used the popular video game ‘Minecraft’ (the inspiration for a 2025 movie starring Jack Black and Jason Momoa) to take fans through their 18-week season: the Indianapolis Colts and Los Angeles Chargers.
The Colts’ video included subtly jokes aimed at their opponents for 2025 but the team has since removed their video from X.
Speculation is that it was removed due to the first opponent on the schedule: the Miami Dolphins. The original video featured a Tyreek Hill-styled dolphin seemingly being stopped by a Coast Guard boat.
That may be in reference to his arrest last year for a traffic violation before the Dolphins’ season opener.
The video is no longer posted on the Colts’ X account. Instead, the team has a thread of art made in Microsoft Paint for each matchup as made by the X user @nba_paint.
There’s also speculation that the team took the video down because the Chargers had a similar video.
Colts officials have not provided a reason for the video being taken down.
The Winter Olympics are less than a year away and, for the first time in two decades, snowboarding superstar Shaun White is not training to compete.
The retired three-time Olympic gold medalist said he’s not going to sugarcoat it: It definitely feels weird.
‘I’m excited and I’m happy for the next [generation] that’s coming through and what they’re going to do at this next Games,’ he told USA TODAY Sports on Tuesday. ‘But yeah, there will be some part of me that’s a little like ‘ugh’ − wanting to compete and wanting to ride.’
That, of course, doesn’t mean White has thought seriously about a return to competition such as the comeback that one of his contemporaries, Lindsey Vonn, made a few months ago. ‘I’m not contemplating it at all,’ White said.
Instead, as the 2026 Winter Olympics in Milan-Cortina near, the 38-year-old explained that he’s shifted his focus to the future of snowboarding − how the sport will evolve, and the athletes that will be at the center of that evolution. Last year, he founded a new snowboarding and freeskiing league called The Snow League, which held the first of its four events in Colorado in March. And next month, he’ll be on Mount Hood in Oregon to work with top junior athletes as part of Project Gold, a national talent identification program run by U.S. Ski & Snowboard.
‘It’s all elements of the industry becoming more professional and more looked at like a true sport,’ White said. ‘I think that for a long time it was just like ‘oh, this is cool’ (but) people didn’t really take it seriously.’
White grew up attending the High Cascade Snowboard Camp that will serve as the backdrop for Project Gold. He also became a part-owner of the summer camp, and its freeski counterpart, in 2023.
A summer camp for winter sports like snowboarding and skiing might feel like an odd match, but White said off-season training has become critical, especially for elite athletes. It’s why, even though Mount Hood boasts year-round snow, the camp recently also added a dry slope with an adjustable takeoff ramp and airbag-cushioned landing area for training runs.
‘When I talk about the future of the sport and where this next amazing athlete’s going to come from, I always say − and I do believe − that they’ll come from somewhere that doesn’t have any snow,’ White said. ‘They’ll be in a situation where they’re like, ‘Oh yeah, I’ve just been training on this bag year-round, I had access to this facility and I’m just going every day.”
White pointed to Japan, where snowboarders have access to indoor halfpipes and other year-round training facilities, as one example. The country is home to the reigning Olympic gold medalist in men’s halfpipe, Ayumu Hirano, and one of the sport’s recent pioneers in big air, Hiroto Ogiwara. At the Winter X Games in January, the 19-year-old Ogiwara became the first snowboarder to land a 2340 − which, to spare you the math, is a whopping six and a half rotations.
‘It’s wild,’ White said with a laugh when asked about that feat. ‘I was like ‘oh my God, I got out at the right time.”
White announced his retirement from competitive snowboarding after a fourth-place finish at the 2022 Beijing Games. After winning three gold medals across five editions of the Winter Olympics, he said he doesn’t take many runs through full-size halfpipes anymore but he does still spend plenty of time strapped to a board. He’s found new joy in backcountry trips with friends and family, or hitting jumps and rails.
‘I really feel for athletes in the football world and others, where it’s like, how are they going to go enjoy the game in a solo situation? Go throw the ball around in the yard?’ White said. ‘For me, it’s like maybe the band’s no longer together, but I can still play the guitar. And that’s a very enjoyable thing. I can still go ride the mountain.’
At times, White admitted, his mind has also drifted to an all-too-natural question: What if? He’ll watch a video clip of a halfpipe trick and wonder if he could still do it, or see headlines about Vonn returning to the podium after a five-year hiatus and having a passing thought about a similar attempt.
Then, he said, his mind will settle and he’ll ‘come back to reality.’ He’s happy with the decision that he made to walk away.
‘Retirement’s such a kind of ugly word, in a way,’ he said. ‘I’ve definitely just shifted my focus to something else.’
Bad football is like bad pizza, right? Sure, comfort food has various degrees of excellence – or lack thereof – but at the end of the day, you’re probably still going to reach for it.
Wednesday night’s complete revelation of the 2025 NFL schedule is similarly metaphoric to savoring something you bought on the Lower East Side … or wolfing down Chuck E. Cheese because the options are limited at that birthday party of 4-year-olds you’re helping to chaperone.
So while we’ll breathlessly anticipate games like Ravens-Bills, Lions-Commanders or the Super Bowl 59 rematch between the Chiefs and Eagles, we’re here to list the five least-appetizing games on the 2025 scheduled in this space – ranked bad to worst – even though we suspect you’ll still grab a slice (or five) anyway:
How does the matchup initiating the league’s 106th season make the list? Weeelll, it’s the end of summer. No more vacation. School is back in session. The weather is going to turn. The Cowboy Carter Tour will be over while the Cowboys embark on what will surely be a 30th consecutive tour around the league that won’t conclude on Super Sunday.
Stick to football? Fine.
Few matchups are as overanalyzed and overburdened – in terms of their actual importance – as the first of the regular season’s 272 games. And when you add “America’s Team” to the mix? If the Eagles win comfortably, the narrative will be that a team which largely dominated during the 2024 playoffs will be on its way to a successful Super Bowl defense. Any other outcome? Then the Eagles aren’t nearly as good as you thought … and the Cowboys are back in a big way and under the radar no longer … plus, hey, maybe rookie head coach Brian Schottenheimer can become the first to get Jerry Jones a ring since Barry Switzer three decades ago.
You can see where this is going, hot takes just running amok for days until the rest of the league’s teams get out of the gate. Yes, it will be fun to have the NFL back and to ring in its return with one of the league’s better rivalries and two of its most high-profile teams. But just a little bit of dread is baked in here, too.
Why do I include this contest, which is appropriately buried at 1 p.m. ET on a Sunday? On its surface, it shapes up as one of the season’s more lopsided pairings, the home team chasing a third consecutive division title (and much more) while the visitor seemingly remains in its decades-long quarterback – and holistic – purgatory. (Detroit rates seventh in my most recent power rankings, 22 spots ahead of Cleveland.) Yet this game will roughly mark the 16th anniversary of the Lions’ 38-37 defeat of the Browns at Ford Field in 2009, when then-rookie QB Matthew Stafford – playing through a dislocated non-throwing shoulder – outdueled Brady Quinn and Co. (seriously) by throwing the game-winning touchdown pass on the final play in one of the best Alcoa Fantastic Finishes nobody saw or remembers … except me. (And make no mistake, Cleveland and Detroit were typically putrid back in 2009, combining for seven victories.) It’s precisely why all manner of pizza gets consumed. And who knows, maybe Jared Goff vs. Shedeur Sanders – perhaps – is, um … ‘legendary?’ Maybe?
They should be fine teams, each coming off a 10-win effort in 2024 and both stocked with some of the league’s compelling, younger players. But not only is this game in the dreaded 10 p.m. ET time slot that will regrettably return twice to Monday night this season, you’ll also have to hope the WiFi doesn’t blink – this showdown in the Pacific Northwest is exclusive to ESPN+ – or you could miss the next time Sam Darnold or C.J. Stroud gets sacked.
If I want to watch this – if – then I have to get up by 9:30 a.m. ET to view the first regular-season game staged in Berlin? Didn’t the NFL foist Daniel Jones off on the Germans last year? (Yes. Yes it did.) Perhaps it’s an unexpected barnburner between teams that could be playoff dark horses. Maybe Atlanta RB Bijan Robinson is even anchoring my fantasy lineup. And perhaps it’s a battle of franchises that have typically been also-rans for the past decade in a game when the ball could quite realistically hit the ground half the time it’s put into the air. Sorry, Deutschland.
If you’re potentially feeling grateful after Thanksgiving weekend, you’ll doubtless be over it by Monday night. Tom Coughlin, Eli Manning, Tom Brady and Bill Belichick won’t be walking through that door – well maybe TB12 and BB will (game’s in Foxborough, so never say never) – in what could very likely wind up a showdown between three-win teams with Drake Maye and Jaxson Dart, who might well be making his prime-time debut by that point of the season, at the controls. High degree of skepticism for a tasty meal here … even if leftovers sometimes taste better.
American Eagle on Tuesday said it is writing off $75 million in spring and summer merchandise and withdrawing its full-year guidance as it contends with slow sales, steep discounting and an uncertain economy.
The apparel retailer said it expects revenue in the first quarter, which ended in early May, to be around $1.1 billion, a decline of about 5% compared to the prior-year period. American Eagle anticipates comparable sales will drop 3%, led by an expected 4% decline at intimates brand Aerie. American Eagle previously expected first-quarter sales to be down by a mid-single-digit percentage and anticipated full-year sales would drop by a low single-digit percentage.
Shares plunged more than 17% in extended trading.
When it reported fiscal fourth-quarter results in March, American Eagle warned that the first quarter was off to a “slower than expected” start, due to weak demand and cold weather. Conditions evidently worsened as the quarter progressed, and the retailer turned to steep discounts to move inventory.
As a result, American Eagle is expecting to see an operating loss of around $85 million and an adjusted operating loss, which cuts out one-time charges related to its restructuring, of about $68 million for the quarter. That loss reflects “higher than planned” discounting and a $75 million inventory charge related to a write-down of spring and summer merchandise, the company said.
“We are clearly disappointed with our execution in the first quarter. Merchandising strategies did not drive the results we anticipated, leading to higher promotions and excess inventory. As a result, we have taken an inventory write down on spring and summer goods,” said CEO Jay Schottenstein.
“We have entered the second quarter in a better position, with inventory more aligned to sales trends,” he said. “Additionally, we are actively evaluating our forward plans. Our teams continue to work with urgency to strengthen product performance, while improving our buying principles.”
The company added it is withdrawing its fiscal 2025 guidance “due to macro uncertainty and as management reviews forward plans in the context of first quarter results.” It is unclear if recent tariff policy changes had an effect on American Eagle.
Some companies bought inventory earlier than usual to plan for higher duties, but American Eagle repeatedly said in March that it was in a solid inventory position and was able to go after trends as customer preferences shifted.
At the start of the first quarter, the company said it had some inventory outages and needed to supplement stock in a few key categories, particularly at Aerie, one of its primary growth drivers.