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CHEYENNE, Wyo. — Political stars often rise and fall but few have had a more dramatic trajectory than Dick Cheney in his home state of Wyoming.

Hours after Cheney died Tuesday at 84, the state lowered flags at the Republican governor’s order. Some politicians in the state offered at times measured praise of the former vice president.

But among a large majority of voters in Wyoming, Cheney has been persona non grata for more than five years now, his reputation brought down amid President Trump’s withering politics.

Trump has criticized Cheney for the drawn-out and costly Iraq war, and his daughter, former Republican Rep. Liz Cheney, for saying Trump should never be allowed back in the White House after the Jan. 6, 2021, attack on the U.S. Capitol.

This resonated with many residents, including Jeanine Stebbing, of Cheyenne, whose last straw was the idea that Trump shouldn’t be reelected.

“There was no open-mindedness. Nothing about how, ‘We understand that our neighbors here are supportive of Trump.’ Just the idea that we were all stupid, is what it felt like,” Stebbing said Tuesday.

The final blow for the Cheney family in Wyoming came in 2022, when Trump supported ranching attorney Harriet Hageman to oppose Liz Cheney for a fourth term as the state’s U.S. representative.

Hageman got two-thirds of the vote in the Republican primary, a decisive win in a state with so few Democrats that the general election is considered inconsequential for major races.

Trump’s biggest gripe, ultimately, was that Liz Cheney voted to impeach him, then co-led the congressional investigation into his role in the attack. In Wyoming, a prevailing belief was Liz Cheney seemed more focused on taking down Trump than on representing the state.

“I was very disappointed that, you know, somebody who came from this state would be so adamantly blind to anything other than what she wanted to do. And he joined in as well,” Stebbing said.

Not even Dick Cheney’s endorsement of his daughter over Hageman — and of Kamala Harris over Trump last year — made a difference, as Trump’s appeal in Wyoming only grew. Trump won Wyoming by more than any other state in 2016, 2020 and 2024, the year of his biggest margin in the state.

Some expressed sadness that George W. Bush’s vice president would not be remembered well by so many in the state.

“On the 16th anniversary of my own father’s death today, I can appreciate a father who stood by his daughter, which he did loyally and truthfully,” said Republican state Sen. Tara Nethercott, who is Senate majority floor leader. “He stood by his daughter during those difficult times.”

Nethercott wouldn’t speculate if Liz Cheney might yet have a political future. Wyoming’s support of Trump “speaks volumes,” she said.

Liz Cheney has continued to live in Jackson Hole, near her parents, while traveling back and forth to Charlottesville to teach at the University of Virginia Center for Politics.

For Brian Farmer — who, like Dick Cheney, grew up in Casper and went to the University of Wyoming — Cheney’s legacy will be his service to the state, no matter where people stand on issues.

“He was always somebody whose path I looked at, sought to follow. Very quiet, soft-spoken at times, Very bombastic and loud at others,” said Farmer, executive director of the Wyoming School Boards Association.

Cheney had a 30-year career in politics, from serving as President Gerald Ford’s young chief of staff to representing Wyoming in Congress in the 1980s. He rose to a top GOP leadership role in Congress — one his daughter, too, would later fill — before being named President George H.W. Bush’s defense secretary.

After his time in office, the CEO of oilfield services company Halliburton kept active in state politics, voicing support and even stumping for Republican candidates.

And yet Cheney was so low-key and unassuming, his mere presence was the whole point — not the nice things he had to say, for example, about former Gov. Jim Geringer, who handily won reelection in 1998.

“You talk about people walking into a room and commanding it. That man did it without even speaking a word,” said state Rep. Landon Brown, a Cheyenne Republican who met him several times including at University of Wyoming football games.

“He’s going to be sincerely missed in this state,” he said. “Maybe not by everybody.”

Gruver writes for the Associated Press.

Tom Aspinall retains heavyweight title after Ciryl Ganes accidently pokes him in both eyes at UFC 321 in Abu Dhabi.

Champion Tom Aspinall and top-ranked Ciryl Gane could not make it through the opening round of their heavyweight main event at UFC 321 inside Etihad Arena before the match was ruled a no-contest.

Aspinall (15-3-0) and Gane (13-2-0) both came out with a lot of energy until an accidental double eye poke prompted an official timeout at the 4:35 mark of the first round.

Aspinall (15-3-0) could not see out of his right eye during the allotted five-minute break, and at 4:09 into the stoppage, the match was ruled a no-contest.

It was Aspinall’s first defence as the undisputed heavyweight champion.

“What am I supposed to do about it? I can’t see,” said a disappointed Aspinall, speaking in the ring in response to the chorus of boos throughout the arena. “This is [expletive]. The fight was just getting going.”

Gane dropped to his knees, also disappointed, as the ring announcer made the official announcement.

“I’m feeling sorry,” Gane said. “I’m very sorry about that.”

Aspinall was off to a fast start, as the champion wasted no time in throwing heavy shots at Gane.

Known for his elusive footwork, Gane showed no intimidation and stood toe-to-toe while taking command in the centre of the cage.

Gane used a sharp jab to bloody the champ. And when Aspinall took his shot for a takedown, Gane successfully defended it midway through the round. When Aspinall tried to cut off the cage, Gane did a good job of circling out of it while landing jabs and low kicks.

Inside the final minute of the round, Gane continued to out-strike Aspinall until his poke to the eye.

Dern downs Jandiroba

In an intense co-main event in which both women left the cage with battered right eyes, fifth-ranked contender Mackenzie Dern (16-5-0) won the vacant strawweight belt over top-ranked Virna Jandiroba (22-4-0) with a unanimous decision.

Though both fighters had impressive moments within some tightly contested rounds, Dern’s left hand was much more effective and damaging.

Upon hearing the ring announcer announce her name as the new champ and having the belt wrapped around her waist, the 32-year-old Brazilian fell to her knees in tears.

“It feels amazing,” Dern said. “I need to see Moa. This is for Moa.”

Dern was then joined in the cage by her six-year-old daughter, Moa, who draped the UFC belt over her shoulder.

In earlier bouts, No 2 Umar Nurmagomedov (19-1-0) earned a unanimous decision over No 8 Mario Bautista (16-3-0) in a battle of top-ranked bantamweights.

Second-ranked heavyweight contender Alexander Volkov (39-11-0) won by split decision over No 5 Jailton Almeida (22-4-0)

In the light heavyweight division, 10th-ranked Azamat Murzakanov (16-0-0) made quick work of No 7 Aleksandar Rakic (14-6-0).

Murzakanov’s first-round stoppage extended the second-longest active UFC win streak in the division to six consecutive wins.

Omar Rahman, a fellow at the Middle East Council on Global Affairs, talks about the mixed messaging coming from the White House over the Gaza ceasefire.

De Ridder’s four-fight UFC winning streak was snapped after he was unable to continue against Brendan Allen.

Brendan Allen shook up the Ultimate Fighting Championship (UFC) middleweight division in a big way, handing Reinier de Ridder his first promotional loss by securing a technical knockout (TKO) after the Dutchman’s corner deemed him unable to continue ahead of Round 5.

De Ridder was visibly exhausted in his neutral corner at UFC Fight Night in Vancouver on Saturday night, leading to the sudden ending in the main event of mixed martial arts (MMA).

Allen (26-7 MMA) avoided de Ridder’s (21-3 MMA) devastating kickboxing ability by utilising his wrestling and controlling de Ridder with strikes from the top position.

De Ridder had few answers for the American fighter, as Allen stepped in on short notice after replacing fellow contender Anthony Hernandez (15-2, 1 no-contest MMA).

“It feels good to do exactly what I said I would do,” Allen said. “This was me three and a half weeks off the couch. I told you I’m a different monster. When my head is clear and we’re on, I’m the best in the world.”

With the UFC’s middleweight logjam in full effect, Allen said post-fight he has done enough to earn a title shot opposite champion Khamzat Chimaev (15-0 MMA).

“Come get it, baby,” Allen said.

De Ridder had not lost in 19 months.

In the co-main event, welterweight Mike Malott (13-2-1 MMA) dodged a bullet by avoiding a no-contest against Kevin Holland (28-15 MMA) after Holland’s protective shorts cup was compromised from a Malott leg kick gone wrong early in the fight.

A Malott arm-triangle choke attempt in the third round was not enough to secure the win either. Malott was eventually awarded the highly competitive five-round fight via decision: 29-28, 29-28, 29-28.

Aiemann Zahabi won his bantamweight bout by decision against former title challenger Marlon Vera (23-11-1 MMA). The final score had Zahabi victorious by a judges’ score of 29-28, 28-29, 29-28.

In women’s flyweight action, former title challenger Manon Fiorot (13-2 MMA) delivered a devastating TKO over Canada’s Jasmine Jasudavicius (14-4 MMA), set up by a flurry of punches to secure the stoppage win at 1:14 of the opening round.

Ohio-based Hixon Zuercher disclosed in an SEC filing on Friday that it sold 10,631 shares of Caterpillar (CAT 2.07%)for an estimated $4.5 million in the third quarter.

What Happened

According to a filing with the Securities and Exchange Commission released on Friday, Hixon Zuercher reduced its Caterpillar position by 10,631 shares during the third quarter. The estimated transaction value, based on the average closing price in the period, was approximately $4.5 million. The fund reported holding 10,776 Caterpillar shares worth $5.1 million at the end of the third quarter.

What Else to Know

This sale reduced the Caterpillar stake to 1.6% of Hixon Zuercher’s reportable U.S. equity portfolio.

Top five holdings after the filing:

• GSIE: $23.4 million (7.1% of AUM)
• GSLC: $12.1 million (3.7% of AUM)
• MSFT: $9.9 million (3% of AUM)
• NVDA: $20 million (2.9% of AUM)
• JPM: $9.6 million (2.9% of AUM)

As of Tuesday morning, Caterpillar shares were priced at $507.73, up nearly 29% over the year and outperforming the S&P 500’s nearly 13% gain.

Company Overview

Company Snapshot

• Caterpillar offers construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and related financial products and services.
• It generates revenue through equipment sales, parts and service contracts, and financial solutions such as leases and loans.
• The company serves construction, mining, energy, transportation, and industrial customers globally, with a diversified client base spanning multiple sectors.

Caterpillar is a global leader in the manufacturing of heavy equipment and engines, operating at scale with over $63 billion in TTM revenue. The company’s integrated business model combines equipment sales with aftermarket services and financial solutions, supporting customer needs across the full equipment lifecycle.

Foolish Take

Hixon Zuercher trimmed its Caterpillar (NYSE: CAT) stake in the third quarter, selling shares worth roughly $4.5 million just as the heavy equipment giant continues to navigate a soft patch in its construction and resource segments. The move follows Caterpillar’s latest earnings, released in August, which showed sales dipping 1% year-over-year to $16.6 billion and operating profit margin falling to 17.3% from 20.9% amid weaker price realization and higher manufacturing costs tied to tariffs.

Still, Caterpillar’s energy and transformation unit remained a bright spot, with sales rising 7% to $7.8 billion on robust demand from the power generation and oil and gas markets. The company also generated $3.1 billion in operating cash flow during the quarter and returned $1.5 billion to shareholders through buybacks and dividends.

This week, Caterpillar announced plans to acquire Australian mining software firm RPMGlobal for $728 million, expanding its footprint in digital mining solutions and automation. Caterpillar shares have climbed about 4% since the announcement.

Glossary

AUM (Assets Under Management): The total market value of assets a fund or investment manager oversees on behalf of clients.
Reportable AUM: The portion of a fund’s assets required to be disclosed in regulatory filings, often U.S. equities only.
Filing: An official document submitted to a regulatory authority, such as the SEC, detailing financial or operational information.
Position: The amount of a particular security or asset held by an investor or fund.
Top five holdings: The five largest investments in a portfolio, ranked by market value.
Outperforming: Achieving a higher return than a specified benchmark or index over a given period.
Aftermarket services: Support and products provided after the initial equipment sale, such as maintenance, repairs, and parts.
Leases: Contracts allowing use of an asset for a set period in exchange for regular payments.
Financial solutions: Services like loans, leases, or other financing options offered to customers to support purchases.
Diversified client base: A wide range of customers from different industries or sectors, reducing reliance on any single group.
Integrated business model: A strategy combining multiple related business activities—such as sales, services, and financing—within one company.
TTM: The 12-month period ending with the most recent quarterly report.

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Rare earth stocks climbed in the US after Beijing tightened its control over these critical materials, used in the vast majority of electronic devices, from smartphones and cars to ballistic missiles.

Across the Atlantic, European markets opened in a mixed mood while the Middle East peace deal progresses, brokered by US President Donald Trump.

With investors also watching political uncertainty in France, the pan-European STOXX 600 was up around 0.1% at 11.45 CEST, and Paris’ CAC 40 also gained 0.1%.

Frankfurt’s DAX and London’s FTSE 100 both slipped 0.1%, after an earlier rise for the DAX.

“The FTSE 100 was stuck in the mud as the rest of Europe ploughed ahead at the end of the trading week,” said Russ Mould, investment director at AJ Bell.

“Strength in consumer stocks and utilities was offset by weakness in miners and healthcare,” he said — adding: “it was also notable that defence stocks were being sold down, including Babcock, which has rocketed this year.”

In other news, oil prices were down on Friday morning. The US benchmark crude cost around 0.4% less than at the previous close, and traded at $61.26 per barrel at around 11.45 CEST. The international benchmark Brent lost 0.49% and cost $64.90 per barrel at the same time.

Gold prices also rose after hitting new records recently, trading at $4,018.00 on Friday morning in Europe.

US futures were up slightly, the euro gained against the dollar at $1.1575, and the greenback slipped against the Japanese yen, to ¥152.7950. The British pound also fell against the dollar and cost $1.3290.

Rare earths companies gained overseas

As mining stocks led losses in Europe on Friday amid developments in Beijing, the STOXX Europe Basic Resources index shed 0.78%.

This follows a rally in the US, where rare earth stocks rose considerably after China announced that it would tighten control over its exports of these materials.

The country is dominating the market for rare earths. The world’s second-largest economy accounts for 70% of the global supply of these assets that are hugely significant for defence and technological infrastructure.

Following the news, investors in the US placed their hopes on American alternatives. US rare earth and critical mineral miners’ share prices surged on Thursday, partially due to market speculation that Washington will invest more in building out a domestic supply chain.

Many of these companies have seen their prices increase for months now, with several doubling or tripling since the beginning of the year.

USA Rare Earth Inc., a firm building a domestic rare earth magnet supply chain, gained nearly 15% on Thursday. Since January, it has risen 151%.

MP Materials Corp, an American rare-earth materials company headquartered in Las Vegas, Nevada, also gained more than 2.4% on Thursday, while it is up 341% since January.

Another company, Denver-based Energy Fuels Inc., gained 9.4%, bring its year-to-date rise to 284%.

NioCorp Developments, which benefits from Pentagon support, gained more than 12%, Rare Element Resources Ltd gained more than 10%, and Texas Mineral Resources Corp. gained 9.6% on Thursday.

Meanwhile, Australian rare-earth mining company Lynas Rare Earths lost nearly 3.8% in the Asian trade, and Australia’s Iluka Resources lost 3.22%.

Chinese Shenghe Resources, a partly state-owned rare earths mining and processing company listed on the Shanghai stock exchange, lost 5%.

Beijing’s measures mean that companies need to apply for a licence to export products containing certain Chinese-sourced rare earth metals.