Author

admin

Browsing

The Department of Justice (DOJ) this week released the final nationwide crime statistics under the Biden administration as the president prepares to leave office. 

Following an uptick in violent crime in 2021 during the pandemic, it began to trend down significantly in 2023, ‘including double-digit drops in homicide rates across many major cities,’ according to the DOJ. 

In 2024, violent crime continued to go down, according to preliminary DOJ data from 85 major cities. 

That included a 17.5% decrease in murder rates. There was also a 7.1% decrease in rape, 3.6% decrease in aggravated assault and 7.8% decline in robbery over the first three quarters of the year. 

Between 2021 and 2022, violent crime decreased by 1.7%, which became a 3% decrease between 2022 and 2023, and through the second quarter of 2023 to 2024 it went down by 10.3%. 

In the same time spans, the murder rate went down by 6.1% starting from 2021 to 2022, by 11.6% in 2023 and finally by 22.7% in 2024.

‘Since launching the Violent Crime Reduction Strategy in 2021, the Department has made historic progress against the most significant drivers of violent crime,’ Deputy Attorney General Lisa Monaco said in a statement. 

She added, ‘This report details the Department’s many successes in implementing its violent crime strategy and serves as a testament to the work of law enforcement officers around the country who have done so much to keep our communities safe.’

Shortly after taking office in 2021, Attorney General Merrick Garland announced that Monaco would be implementing a Comprehensive Strategy for Reducing Violent Crime.

‘Recognizing that every jurisdiction — large, small, rural, urban — faces unique challenges that cannot be addressed by a one-size-fits-all policy — the strategy was data-driven and deployed federal resources, including cutting-edge tools, in the most effective way: to act as a force multiplier for state and local law enforcement on the front lines of the fight against violent crime,’ the report said. 

Of the 85 cities included in the statistics, violent crime went up in 23 and down in 62, and murder rates went up in 19 and down in 64, the report said. 

The report said that while there is ‘no single cause’ for the decline or increase in violent crime, ‘the work of law enforcement across the country — a partnership between federal, state, local, and tribal law enforcement agencies — has no doubt played a leading role.’

The DOJ said its strategy was to ‘focus on the most significant drivers of violent crime — including gun violence and repeat offenders.’ 

It also prioritized building trust in communities and investing in community-based prevention and intervention programs.

‘Since the start of this administration, this Department has been laser-focused on targeting the most significant drivers of violent crime — with gun violence at the top of that list,’ Monaco said. ‘Our strategy is data-driven and focuses on doing what we do best: acting as a force multiplier with our state and local law enforcement partners — who are on the front lines of the fight against violent crime — and deploying technology and other cutting-edge tools to go after the individuals most responsible for crime in our communities.’

She added, ‘We are seeing returns on our efforts. After a peak during the pandemic, violent crime is on a downward trajectory — including double-digit drops in homicide rates across many major cities.’

This is President Biden’s last week in office. President-elect Trump will assume office on Monday. 

This post appeared first on FOX NEWS

Just three days before US President-elect Donald Trump returns to the White House, Russia and Iran are set to finally sign a “comprehensive partnership agreement,” a deal that’s been in the works for months.

It’s a move that will refocus attention on a partnership that has shaped the battlefield in Ukraine, and which remains committed to challenging the US-led international order – even as the new US administration promises greater engagement with Russia.

Russian and Iran share a complicated past, peppered with conflict, and even now tread a fine line between cooperation and mistrust. And yet, the war in Ukraine has pulled Moscow and Tehran closer.

In July 2022, five months into his full-scale invasion of Ukraine, Russian President Vladimir Putin visited Tehran, his first wartime trip outside the former Soviet sphere.

Behind the photo ops and handshakes, his “special military operation” was not going to plan. His army had lost a lot of its initial gains as it was pushed out of the Kyiv region – and would go on to lose more later that year in two further successful Ukrainian counteroffensives.

Those drones have formed the backbone of Moscow’s attritional war, swarms of them – targeting civilian areas and energy infrastructure in an effort to break the resolve of Ukraine’s people and deplete its air defenses.

Moscow has also, according to the US, taken delivery of Iranian ballistic missiles – and while no evidence of their alleged deployment has surfaced yet, that news alone sent a strong signal to Ukraine’s allies that Putin was willing to escalate.

Less desirably for Moscow, it was also one factor that helped shift the debate around providing Ukraine with permission to fire Western-supplied long-range missiles at military targets in Russia. Several prominent Russian military bloggers claimed in early January, without providing evidence, that Iranian missile launchers and other equipment were being delivered to Russian military training grounds ahead of the deal’s signing.

Two-and-a-half years on from Putin’s Tehran visit, the dynamic has markedly shifted for both sides. Russia now has the advantage in Ukraine. It is gaining territory on the eastern front, and with the help of North Korean soldiers, slowly pushing Ukraine back in the Russian region of Kursk. The incoming Trump administration, to Moscow’s barely concealed glee, wants to start talks, and is making noises about letting Russia keep the territory it occupies, and stalling Ukraine’s bid for NATO membership.

Iran, meanwhile, is feeling decidedly less secure. Nikita Smagin, an independent expert on Russia and Iran, who worked for Russian state media in Tehran before the invasion of Ukraine, says the Pezeshkian administration is rushing to get this treaty signed with Russia amid multiple threats to its security.

“They are frightened by the Trump administration, they are frightened by Israel, they are frightened by the collapse of Assad, the collapse of Hezbollah,” he said, explaining that Iran is looking for a show of support.

Moscow may look to exploit this. The Russians have “a great nose for somebody in trouble,” said Alterman, and may be thinking “we can help them a little bit, but we can get them where we need them and extract more from them that we want.”

What more Russia wants is less clear. It has now indigenized Shahed production on Russian soil – and having paid its dues to Iran under an initial franchise deal to manufacture them, is now doing so with much less direct Iranian involvement.

Russia’s recent battlefield gains have come at a huge cost to its troops – so while its manpower issues are nowhere near the level of Ukraine’s, it could use more boots on the ground. But experts are skeptical Iran would be as amenable in this regard as North Korea, which has deployed around 11,000 of its troops in Russia’s Kursk region, according to Ukrainian and Western assessments.

“Even when Iran is fighting their wars outside Iran, they are not willing… to sacrifice their soldiers,” said Smagin, “and when we’re talking about Iran and Russia there is a very big background of distrust from the Iranian side to Russia.” And Russia may be wary of any mutual defense pact, given the more immediate threat to Iran from Israel.

“I think this is partly intended as a message to the Trump administration that we each have options,” said Alterman. “I think the Iranians are looking for tools they can use with the Americans… and there’s a sense that this gives them something to trade or something to talk about.”

Iran, facing the prospect of a possible revival of UN sanctions that were lifted under its 2015 nuclear deal, is urgently looking for ways to persuade the US to rejoin that deal, which Trump exited in 2018 – or restart negotiations.

For Russia, a new treaty with Iran – a country which might be closer than ever to being capable of producing a nuclear weapon – may be partly about dangling the specter of further escalation before a new US administration that it sees as less committed to Ukraine.

“The Iranians certainly have some worrying capabilities, the Russians certainly have demonstrated a willingness to use worrying capabilities,” Alterman said.

This post appeared first on cnn.com

While President-elect Trump and President Biden are jockeying for credit for a cease-fire between Israel and Hamas, some Republicans are wary of the deal and whether it will stick. 

‘There’s no part of me that trusts Hamas, Hezbollah, Palestinian Islamic Jihad, Al-Aqsa martyrs Brigade, Fatah or the rank-and-file people that voted for Hamas,’ Rep. Brian Mast, R-Fla., the House’s new Foreign Affairs Committee chair, told Fox News Digital. 

‘There’s no part of me that trusts them in any way whatsoever. I do trust there’s a fear of God in them from the fact that President Trump is coming in, Secretary Rubio and Stefanik, others, [and] what’s not going to continue with programs like UNRWA,’ he added, referring to the United Nations Relief and Works Agency. ‘I trust that there is a chilling effect, you know, how they see the world going forward. But there’s no part of me that trusts them in any way.’

Asked if he was celebrating the deal itself alongside some of his colleagues, Mast said, ‘I’m skeptical, like anything.’ 

‘If it gets Americans home, I’m happy about getting Americans home,’ Mast went on. ‘That’s been a problem for me that, you know, if there’s Americans detained abroad, I would have every expectation that there’s an American coming to get them. And, to me, unfortunately, that hasn’t been the result.’

The cease-fire is meant as a way to bring home the remaining hostages taken from Israel and provide a path to peace for the 2 million Palestinians who have been living in a war zone since Hamas’ bloody attack in Israel on Oct. 7, 2023.

The deal has implications for the U.S.: Seven hostages who remain in Hamas’ clutches are Americans. 

‘Why is lame duck Joe Biden trying to cram down a bad deal on Israel on his way out the door?’ Sen. Tom Cotton, R-Ark., wrote on X. ‘The only ‘deal’ should be unconditional surrender by Hamas—which is already nearly destroyed—and return of ALL hostages. Instead, we hear reports that Biden is demanding that Israel withdraw from key terrain in Gaza, release dozens of hardened terrorists for every one hostage, and get back only SOME hostages?’

Sources confirmed Israeli reporting to Fox News Digital that it was Trump’s Middle East envoy, Steve Witkoff, who traveled to Doha, Qatar and strong-handed Prime Minister Benjamin Netanyahu into sitting down to finalize the deal that had evaded the Biden administration’s mediation for the better part of the past year. 

The first cease-fire in November 2023 lasted only one week, with both sides accusing the other of breaking it. In that time, 105 hostages were released, as were 240 Palestinian prisoners.

Trump had promised there would be ‘hell to pay’ if a cease-fire was not reached by the time he took office, which will be on Jan. 20. His surrogates developed close relationships with Arab leaders in swing states like Michigan throughout the campaign, promising Trump would bring peace to the Middle East.

The deal, brokered by Qatari negotiators, with the help of mediation from both the outgoing Biden administration and Witkoff, is set up in three phases. It will see three hostages released on the first day – Sunday – with new hostages released each week. That phase will entail a withdrawal of Israeli troops from the Philadelphi corridor on Egypt’s border and the so-called buffer zone in the Gazan territory bordering Israel. 

Women, children and men over 50 will be prioritized initially. Over the course of the 42-day first phase, 33 of the remaining Israeli hostages will be released in exchange for hundreds of Palestinian prisoners. 

That group is likely to include some who have been convicted of murder. On Thursday, Netanyahu delayed ratification of the deal over disagreements about whether he would get a veto over which prisoners convicted of murder would be released. Israel’s Cabinet will now meet Friday to ratify the deal. 

‘This EPIC ceasefire agreement could have only happened as a result of our Historic Victory in November, as it signaled to the entire World that my Administration would seek Peace and negotiate deals to ensure the safety of all Americans, and our Allies,’ Trump wrote on social media. 

Biden said from the White House that ‘my diplomacy never ceased in their efforts to get this done.’

He added, ‘This plan was developed and negotiated by my team and will be largely implemented by the incoming administration.’

This post appeared first on FOX NEWS

President-elect Trump on Thursday announced multiple nominations just days before his inauguration on Jan. 20.

In a series of posts on Truth Social on Thursday afternoon, Trump congratulated his picks.

Nominees include a former test engineer of missile defense systems for secretary of the Air Force, as well as a trade partnership CEO for secretary for trade and foreign agriculture affairs.

Trump selected Chris Stallings to be assistant administrator for disaster recovery and resilience of the Small Business Administration.

Stallings currently serves as the director of the Georgia Emergency Management and Homeland Security Agency and will work closely with Kelly Loeffler, the incoming small business administrator.

‘[Stallings and Loeffler will] make sure that when disasters happen, our Government responds quickly and capably to protect our Small Businesses, which are the backbone of our Economy,’ Trump wrote on Truth Social.

Trump tapped Luke Lindberg as U.S. undersecretary for trade and foreign agriculture affairs at the Department of Agriculture.

During Trump’s first term, Lindberg served as chief of staff and chief strategy officer at the Export-Import Bank, where he earned the Distinguished Service Award.

He is currently the president and CEO of South Dakota Trade and a member of the board of directors of the National Association of District Export Councils.

South Dakota Trade is a 501(c)(6) public-private partnership that navigates international trade for the state, according to the organization’s website.

Lindberg has been featured on Fox News and other outlets for his ‘Thought Leadership’ on international affairs and agricultural policy.

Trump wrote on Truth Social that Lindberg would make sure American farmers and ranchers get the ‘smart’ trade deals they deserve.

Troy Meink has been picked to serve as secretary of the Air Force. 

Meink is serving as the principal deputy director of the National Reconnaissance Office, and he began his career as a KC-135 tanker navigator, according to Trump’s post.

He later worked as a test engineer for missile defense systems.

‘Troy will work with our incredible Secretary of Defense Nominee, Pete Hegseth, to ensure that our Nation’s Air Force is the most effective and deadly force in the World, as we secure PEACE THROUGH STRENGTH,’ Trump wrote. ‘Congratulations Troy!’

Dudley Hoskins was selected as undersecretary for marketing and regulatory programs at the Department of Agriculture.

He currently holds the title of counsel on the Senate Committee on Agriculture, Nutrition, and Forestry, and he previously spent four years at the Department of Agriculture during Trump’s first term as the chief of staff for marketing and regulatory programs and senior adviser to the secretary, according to Trump’s post.

‘[Hoskins] will work with our great Secretary of Agriculture Nominee, Brooke Rollins, to make sure American food is the safest and healthiest in the World,’ Trump wrote. ‘Congratulations Dudley!’

This post appeared first on FOX NEWS

The announcement by Meta CEO Mark Zuckerberg that Facebook and Instagram would end their work with third-party fact-checkers and ease certain content restrictions was praised by some conservative activists, who cheered it as a ‘vindication’ for Supreme Court Justice Samuel Alito, who dissented from the rest of the court in late 2023 in a case involving content regulation that included a post by the former presidential candidate Robert F. Kennedy, Jr.

The case centered on whether Meta was acting outside its scope when its platform, Facebook, temporarily removed a 30-minute video posted by Kennedy, which included vaccine misinformation and other false claims about COVID-19. The Supreme Court majority declined to take up the case without explanation, but Alito disagreed, writing as the sole dissenter for the court.

Alito, a George W. Bush appointee, blasted the video’s removal in a scathing dissent, saying that the platform had censored a type of political speech in its attempts to crack down on misinformation, and could therefore be seen as acting on behalf of the U.S. government and possibly causing what he described as ‘irreparable’ harm.

‘Our democratic form of government is undermined if government officials prevent a candidate for high office from communicating with voters, and such efforts are especially dangerous when the officials engaging in such conduct are answerable to a rival candidate,’ Alito said in the dissent. 

‘I would allow him to intervene to ensure that we can reach the merits of respondents’ claims and to prevent the irreparable loss of his First Amendment rights,’ he added.

‘Because Mr. Kennedy’s arguments on the merits are essentially the same as respondents’, allowing intervention would not significantly affect petitioners’ burden with regard to that issue,’ Alito wrote. ‘But the denial of intervention is likely to prevent Mr. Kennedy from vindicating the rights he claims until the spring of 2024 and perhaps as late as June of that year. And by that time, several months of the presidential campaign will have passed.’ 

Zuckerberg announced earlier this month that Meta would end its previous content restrictions used on Facebook and Instagram — which were put into place after the 2016 elections — acknowledging in a video posted on social media that they had ‘gone too far’ and allowed for too much political bias from outside fact-checkers.

‘We’ve reached a point where it’s just too many mistakes and too much censorship,’ Zuckerberg said in the announcement.

‘The recent elections also feel like a cultural tipping point toward once again prioritizing speech. So we are going to get back to our roots, focus on reducing mistakes, simplifying our policies, and restoring free expression on our platforms.’

Meta will now replace that system with a ‘Community Notes’-style program, similar to the approach taken by social media platform X, he said. X is owned by Elon Musk, the co-director of the planned Department of Government Efficiency.

That news was praised by Mollie Hemingway, the editor-in-chief of The Federalist, who noted on X that the decision from Zuckerberg ‘vindicated’ Alito’s dissent. ‘Kind of crazy how Zuck was like ‘what they did had to be illegal’ but majority on Court was like ‘I mean, who can know?” Hemingway said of the Supreme Court’s decision not to take up the case.

This post appeared first on FOX NEWS

(TheNewswire)

Providence Gold Mines Inc.

January 16, 2025 TheNewswire – (TSX-V: PHD) ( OTC: PRRVF ) Providence Gold Mines Inc. (the ‘Company’) announces that it has received an extension from the TSX Venture Exchange (‘TSX-V’) with respect to the duration of its previously announced private placement (the ‘Private Placement’) (please see the Company’s press releases dated November 20, 2024 and December 6, 2024).   The outside date upon which final acceptance of the Private Placement will be granted by the TSX-V has been extended by 30 days.  While the Company has closed a first tranche of the private placement it applied for an extension to January 28, 2025.

As previously announced the private placement of up to $1,700,000 Cdn for 34,000,000 units at $0.05 per unit. Each unit will comprise of one common share and one non-transferable warrant, exercisable into one common share of the Company at a price of $0.09 for a period of two years from the date of closing.

The funds from this placement will be used for evaluation of the new gold surface discovery reported for reference on May 6,2024 and for a significant drilling program of up to 2500m designed to target the historical McCarthy and Mexican shafts  and as well as an area north of  the Mexican  shaft where  significant ground preparation  provides a favorable structural setting for hanging wall splay veins analogous to the historical ‘Bonanza’ stope  at the Providence mine first stope at surface alone produced 50,000 ounces. Ron Coombes states, ‘exploration efforts have modelled potential for robust significant high grade gold targets’.

All securities issued will be subject to a hold period of four months and one day from the closing date of the private placement, in accordance with applicable Canadian securities laws.

Qualified Person

Lee Groat Ph.D., P. Geo, a geologist and qualified person (as defined under NI 43-101) has read and approved of the technical information contained in this news release.

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

ON BEHALF OF THE BOARD

‘Ronald Coombes’

Ronald Coombes, President & CEO

Copyright (c) 2025 TheNewswire – All rights reserved.

News Provided by TheNewsWire via QuoteMedia

This post appeared first on investingnews.com

Lundin Mining (TSX:LUN,OTC Pink:LUNMF) and BHP Canada, a subsidiary of BHP (ASX:BHP,NYSE:BHP,LSE:BHP) have finalized their US$4 billion joint acquisition of Filo, launching a 50/50 joint venture dubbed Vicuña.

The partnership consolidates the Filo del Sol and Josemaria projects within Argentina’s Vicuña District, positioning the region as a future hub for copper production at a time when global demand for the metal is set to rise.

Vicuña will operate independently, guided by a board with equal representation from Lundin Mining and BHP.

Leadership appointments include Jack Lundin, president and CEO of Lundin Mining, and Carlos Ramirez, vice president of the Vicuña joint venture for BHP, who will serve as the Vicuña board’s chair. Dave Dicaire, previously executive vice president of the Josemaria project for Lundin Mining, has been named general manager.

According to a Wednesday (January 15) release, the joint venture will aim to leverage the geographic proximity of the two projects to streamline operations, reduce costs and enhance development opportunities.

To acquire Filo, Lundin Mining and BHP made cash payments and share allocations. Lundin Mining contributed C$877.8 million in cash, issued 94.1 million shares to Filo shareholders and included its pre-existing 1.7 percent stake.

For its part, BHP provided C$2 billion in cash and incorporated its 7 percent interest in Filo. BHP also paid Lundin Mining US$690 million in cash for a 50 percent stake in the Josemaria project.

The deal was approved by Filo shareholders in September 2024, with court approval obtained shortly afterward.

For 2025, the joint venture has allocated US$312 million toward development and exploration activities.

Drilling is currently happening at both Filo del Sol and the Cumbre Verde target, and is set to continue.

Filo del Sol drilling will be geared at resource growth, while at Cumbre Verde the joint venture will aim to follow up on results from last year, targeting the same mineralized system and structures.

The joint venture also wants to update the resource estimate for Josemaria, and in parallel will conduct engineering studies and trade-off analysis to inform a technical report examining an integrated project.

In conjunction with its efforts to advance Vicuña, Lundin Mining has been realigning its asset portfolio, recently announcing the sale of its European operations to Boliden (STO:BOL). This transaction, expected to close in mid-2025, will allow Lundin Mining to concentrate its efforts on strategic growth opportunities in the Americas.

BHP continues to expand its copper portfolio to capitalize on increasing global demand for critical minerals.

Globally, copper demand continues to grow due to its critical role in electrification and renewable energy infrastructure.

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

This post appeared first on investingnews.com

Cuban officials on Thursday freed a prominent opposition activist, a last-minute diplomatic change in fortunes for the Biden administration which had sought his release but long seemed unable to influence events on the island.

Jose Daniel Ferrer, the leader of one of the largest banned anti-government groups in Cuba, was released two days after a surprise flurry of diplomatic activity involving the communist-run island in the waning days of the Biden administration.

On Tuesday, State Department officials announced the removal of Cuba from a US list of countries that support terrorism, also saying that Cuban officials had agreed to a Vatican request to free Cubans jailed for anti-government activity among other crimes.

Cuban officials said they would “gradually” free 553 prisoners, although they cautioned that they were not issuing an amnesty and that those being selected for release could be forced to complete their sentences if they didn’t exhibit “good social behavior.”

For more than three years, US officials in particular had called on the Cuban government to release Ferrer, who was convicted of participating in the July 11, 2021 protests, the most wide spread demonstrations to take place on the island since Fidel Castro’s 1959 revolution.

“Don’t be afraid to fight for a free, prosperous and just Cuba,” Ferrer said in a telephone interview following his release Thursday with Radio Martí, a US government-funded radio station that Cuban officials have long accused of trying to destabilize the island.

While the fiery comments by Ferrer, whom the Cuban government calls “a mercenary” in the employ of the US, are likely to make officials in Havana grit their teeth, for years their top priority has been to convince US officials to remove them from the list of countries that support terrorism, which incurs devastating economic penalties.

Upon taking office, Biden seemed poised to do that until the 2021 protests that led to more than a thousand Cubans convicted in mass trials for rising up against the government.

Following the protests, State Department officials conditioned any improvement in relations on the release of the protestors while Cuban officials said they had received no concrete guarantees that economic sanctions would actually be lifted and that the US should stay out of the island’s internal affairs.

Even visits by Vatican representatives to the island to press for the release of the protestors were unable to break the deadlock until the final days of the Biden administration.

But even as governments across the region applaud the surprise diplomatic breakthrough this week, it looks unlikely that the incoming Trump administration will build upon the brief thaw in relations.

On Wednesday, Sen. Marco Rubio, Trump’s pick for Secretary of State and one of the most hardline opponents to Cuba’s government, blasted their removal from the terrorism list and lifting of other sanctions.

“There is zero doubt in my mind that they meet all the qualifications for being a state sponsor of terrorism,” Rubio said during his confirmation hearing.

While Rubio said during that hearing that any policy changes would be decided by President Trump, he seemed confident of the incoming administration’s position on Cuba.

“I think people know my feelings and I think they know what the president’s feelings have been about these issues when he was president previously,” he said. “And nothing that the Biden administration has agreed to in the last 12 or 18 hours binds the next administration, which starts on Monday.”

But ramping up pressure on Cuba again after more than 60 years of US economic sanctions was unlikely to force the government to adopt political reforms said Peter Kornbluh, the co-author of “Back Channel to Cuba: The Hidden History of Negotiations Between Washington and Havana.”

“Biden got some results,” he said. “He has reminded the world of the model of diplomacy and backchannel efforts to advance US interests. Trump and Rubio represent a model of coercion: sticks versus Biden’s carrots.”

Speaking to reporters Wednesday, Cuban Foreign Minister Bruno Rodriguez Parilla said if the incoming Trump administration did place Cuba back on the list of countries that support terrorism, it would prove his government’s point that the list had become political tool rather than a deterrent.

“If another president came and included Cuba on the list again, we would have to ask ourselves what the reasons are, what the agencies of the US government would say, where the credibility of the government would be,” he said.

This post appeared first on cnn.com

Target raised its fourth-quarter sales forecast Thursday after more consumers turned to its stores and website for holiday shopping — particularly on days known for deep discounts.

The big-box retailer now expects comparable sales in the fiscal fourth quarter to grow by about 1.5%. That’s better than its most recent outlook that the metric would be approximately flat. Comparable sales includes sales on Target’s website and stores open at least 13 months. 

Yet the Minneapolis-based discounter did not lift its profit outlook — an indication that deals motivated shoppers. Target anticipates fourth-quarter earnings per share will range from $1.85 to $2.45 and full-year earnings per share will be between $8.30 and $8.90. Target will report full fourth-quarter earnings results March 4.

Target cut its profit guidance in early November after it posted its biggest earnings miss in two years and blamed some of its troubles on softer sales of discretionary merchandise and the costs of preparing for a short-lived port strike in October.

Target’s report is the latest glimpse into a crucial season for the industry. Data so far has suggested it went better than feared, but investors have not been impressed. Lululemon, Abercrombie & Fitch and American Eagle, for example, all raised their fourth-quarter outlooks Monday, but shares of some of those companies traded lower that day.

Nordstrom on Friday bumped up its full-year sales forecast, but only after a conservative prior outlook. And department store rival Macy’s on Monday said its sales will be at or slightly below the low end of its previously stated range of between $7.8 billion and $8.0 billion.

Holiday retail sales rose 4% year over year to total $994.1 billion for Nov. 1 through Dec. 31, according to the National Retail Federation, the industry’s major trade group. That total excludes auto dealers, gas stations and restaurants.

NRF Chief Economist Jack Kleinhenz said in a news release that the spending pace is similar to pre-pandemic growth and was driven, in part, by lower inflation compared with the year-ago holiday season. Holiday spending rose an average of 3.6% from 2010 to 2019.

Yet shoppers are still looking for deals, he added.

“Even though consumers are still relatively healthy and there was a notable increase in spending, they remain budget conscious,” he said.

Discounts and sales events have remained a significant sales driver, as consumers emerge from a more than two-year stretch of high inflation. It’s unclear how much those deals will cut into Target’s and other retailers’ profit margins, and whether sales will keep improving if promotions fade away.

In the combined months of November and December, Target said, total sales increased 2.8% and comparable sales rose 2% year over year. Digital sales grew nearly 9% compared with the year-ago holiday period. 

Some of Target’s growth areas contributed to holiday sales. Its subscription service, Target Circle 360, contributed to a more than 30% year-over-year increase in same-day deliveries in November and December. Sales through the company’s third-party marketplace, Target Plus, grew close to 50% in that time.

Guest traffic increased nearly 3% during the two holiday months from the year-ago period as online and in-person visits rose, the company said. Target said December marked the eighth consecutive month of year-over-year traffic gains.

Target has made aggressive moves to attract selective shoppers. In May, it said it would cut prices on about 5,000 frequently purchased items, including diapers, bread and milk. And then it announced another wave of price cuts in October on more than 2,000 items during the holiday season, including cold medicine, toys and ice cream. The company said that would amount to more than 10,000 items with price cuts this year by the end of the holiday season.

In a news release Thursday, Target said Black Friday and Cyber Monday saw record-high sales. The company said discretionary categories, especially apparel and toys, saw a “meaningful sales acceleration” when compared with the fiscal third quarter. Those categories tend to be higher margin than essentials such as milk and paper towels, but often go on sale during the holiday season.

In remarks at the NRF’s annual “Big Show” conference Monday, Target Chief Operating Officer Rick Gomez said the company saw a sharp jump in sales on promotional days such as its Circle Week, an event in early October that coincided with Amazon Prime Day.

“It was one of our biggest Circle Weeks that we have ever had,” he said. “But the sales before the week and the sales after the week were lower. There was a dip in sales. The consumer was being very intentional.”

He said U.S. consumers are “working on a budget,” but still are willing to spend on special moments like holidays or on a “must-have item,” such as Taylor Swift’s hardcover book about The Eras Tour. The company sold nearly 1 million copies of the book in the first week of its release.

On Thursday, Target also announced several changes to its leadership team that will start to take effect in early February. Chief Stores Officer Mark Schindele will retire after 25 years at Target and be replaced by Adrienne Costanzo, who is currently senior vice president of store operations.

Chief Information Officer Brett Craig will retire after 15 years with Target and be replaced by Prat Vemana, the company’s chief digital and product officer. And Sarah Travis will become the company’s chief digital and revenue officer, a new leadership role, after serving as senior vice president of Roundel, Target’s advertising business, and social commerce.

Target recently got a new chief financial officer: Jim Lee, the former deputy chief financial officer of PepsiCo, who stepped into the role in late September. He succeeded Michael Fiddelke, who is now Target’s chief operating officer. 

Target is also on track for a leadership change at the top of the company. In fall 2022, Target’s longtime CEO, Brian Cornell, agreed to stay for three more years in a move that required the company’s board to scrap its retirement age. Target has not yet announced when his contract ends and who will be his successor. 

This post appeared first on NBC NEWS