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Israel had delayed the release of hundreds of Palestinian prisoners and detainees since Saturday in protest of what it said is the cruel treatment of hostages during their release by Hamas and demanding guarantees that future hostage releases would take place without “humiliating ceremonies.”

Hamas released six Israeli hostages from Gaza on Saturday in two public ceremonies and one private transfer, in what was the final return of living hostages in the first phase of a ceasefire deal that began last month.

Israel was expected to free 620 Palestinian prisoners and detainees, including 23 children and one woman — but Israeli officials delayed that release.

Hamas accused Israel of violating the truce with the delay, casting some uncertainty over the precarious ceasefire deal, and said talks on a second phase would not be possible until they are freed.

On Wednesday, an Israeli source familiar with the talks said a new agreement had been reached to transfer the remains of four hostages held in Gaza in exchange for the release of the 620 Palestinian prisoners and detainees.

Hamas confirmed that an agreement with Israel had been made through Egyptian mediators, but did not specify how many Israeli hostages and Palestinian prisoners and detainees would be released.

Hamas and its allies continue to hold 63 Israeli hostages in Gaza. At least 32 of those are believed to be dead, according to the Israeli government – one of whom, the soldier Hadar Goldin, has been held since 2014.

The 42-day truce between Israel and Hamas is set to expire this weekend unless an agreement is struck to extend it. The two sides were meant to begin talks on a permanent end to the war in early February, but those discussions have not begun yet.

This is a developing story and will be updated.

This post appeared first on cnn.com

An airline traveler has spoken of his shock after cabin crew sat him next to the body of a fellow passenger who had died during the flight.

Ring recalled watching the crew try to revive the woman.

“Unfortunately, the lady couldn’t be saved, which was pretty heartbreaking to watch,” he told Nine.

The crew then tried to wheel the body toward the business class section but were unable to maneuver it through the narrow aisle, Ring said.

“So they looked a bit frustrated and then they just looked at me and saw seats were available beside me… and they just said to me, can you move over please?” he said. “And I just said, ‘yes, no problem,’ and then they placed the lady in the chair that I was in.”

Ring then sat next to the body for the roughly four remaining hours of the flight, he said, despite there being other empty seats on the plane.

Another passenger offered Colin an empty seat across the aisle from Ring, where she sat for the rest of the flight.

“I was really shocked,” Colin told Nine, calling the experience “traumatic.”

“We totally understand that we can’t hold the airline responsible for the poor lady’s death, but there has to be a protocol then to look after the customers that are on board,” she said.

After the flight landed, Ring said passengers in his area were told to stay put until ambulance workers and police officers arrived to remove the body.

“I can’t believe they told us to stay,” he said, adding he was present when ambulance officers pulled away the blanket.

The couple said they weren’t immediately contacted by the airline, which they said owes them “a duty of care.”

Ring said he expected the airline to offer counseling support.

Qantas Airways, through which the couple bought their tickets, said they were in touch with Colin and have followed up with Qatar Airways.

“The process for handling incidents onboard an aircraft like this is managed by the operating airline, which in this case is Qatar Airways,” it said in a statement.

Meanwhile, Ring and Colin are trying to process the tragedy.

“I don’t really know how I feel,” Ring told Nine.

“And would like… to talk to somebody and to make sure I’m alright.”

This post appeared first on cnn.com

The US Consumer Confidence Index® came in much lower than expectations, and the Expectations Index fell to 72.9. A fall below 80 signals a recession ahead, enough to elevate the fear of economic weakness. As a result, the stock market sold off. But after 11:30 AM ET, the buyers came in, and the market rebounded from its lows. However, the rebound wasn’t enough to make much of a dent, except for the Dow which closed in the green. 

If you regularly monitor breadth indicators, you may have noticed that the New Highs – New Lows Index ($NYHL) was up over 150%. This caught my attention. The broader equity indexes were falling significantly, yet the new highs were way higher than the new lows. That was unusual, but since the stock market is known for pulling surprises when you least expect it to, it’s helpful to look under the hood to determine if the stock market is strong or weak. 

The Market’s Heart Beat

Looking through the rest of my charts in my Market Analysis ChartList — a part of my daily routine — one that I found interesting is the SPDR S&P 500 ETF (SPY) with the Percent Above Moving Average oscillators in the lower panels (see chart below).

FIGURE 1. DAILY CHART OF SPY. The percentage of S&P 500 stocks trading above their 50-, 100-, and 200-day simple moving averages are above 50 but watch these oscillators closely as they indicate the health of the overall market. Chart source: StockCharts.com. For educational purposes.

It’s interesting to note that the percentage of S&P 500 stocks trading above their 50-, 100-, and 200-day simple moving averages (SMAs) started to decline at the end of September 2024. The SPY was still trending higher and it wasn’t till December when it started to pull back.

The September pullback coincided with a relatively low percentage of stocks trading below their moving averages and declined further during the January 2025 pullback. But the oscillators recovered from these levels and as of now, even though SPY bounced off its 100-day moving average, they are not close to the previous lows. The good thing is they are all above their 50 threshold level. You can’t say the same for the Nasdaq stocks.

The chart below replaces SPY with Invesco QQQ Trust (QQQ) and analyzes the percentage of Nasdaq stocks trading above the 50-, 100-, and 200-day SMAs. They are trading at levels seen in August 2024, which is when QQQ went through a -15.56% pullback.

FIGURE 2. DAILY CHART OF QQQ. Although the QQQ is holding on to the support of its 100-day SMA, the percent of stocks trading below their moving averages are below 50, which is a bearish indication. Chart source: StockCharts.com. For educational purposes.

The Technology sector witnessed a four-day losing streak and was the worst-performing sector in the last week. Tech stocks are facing many headwinds — tariffs, AI unwinding, and chip availability, to name a few. Investors are rotating out of Tech stocks and moving into the offensive sectors — Consumer Staples, Real Estate, and Health Care. 

The Bottom Line

The broader stock market is at an interesting juncture and could go either way. SPY and QQQ are holding on to the support of their 100-day SMA but two important news events could shake things either way — NVIDIA earnings and Personal Consumption Expenditures Price Index (PCE). The rest of the week could be a bumpy ride.

If you haven’t done so, apply the percentage of stocks trading above significant moving averages oscillator. Percentage Above Moving Average indicator is available for several indexes. Try them out and see which ones give you a good “under the hood” look at the broader market.


StockChart Tip. Click the charts of SPY and QQQ in the article to see a live chart.

Then, save the charts to one of your ChartLists. Not sure how to create ChartLists? Check out this tutorial.



Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional.

JPMorgan Chase CEO Jamie Dimon on Monday said the U.S. government is inefficient and in need of work as the Trump administration terminates thousands of federal employees and works to dismantle agencies including the Consumer Financial Protection Bureau.

Dimon was asked by CNBC’s Leslie Picker whether he supported efforts by Elon Musk’s Department of Government Efficiency. He declined to give what he called a “binary” response, but made comments that supported the overall effort.

“The government is inefficient, not very competent, and needs a lot of work,” Dimon told Picker. “It’s not just waste and fraud, its outcomes.”

The Trump administration’s effort to rein in spending and scrutinize federal agencies “needs to be done,” Dimon added.

“Why are we spending the money on these things? Are we getting what we deserve? What should we change?” Dimon said. “It’s not just about the deficit, its about building the right policies and procedures and the government we deserve.”

Dimon said if DOGE overreaches with its cost-cutting efforts or engages in activity that’s not legal, “the courts will stop it.”

“I’m hoping it’s quite successful,” he said.

In the wide-ranging interview, Dimon also addressed his company’s push to have most workers in office five days a week, as well as his views on the Ukraine conflict, tariffs and the U.S. consumer.

This post appeared first on NBC NEWS

Denny’s is the latest nationwide restaurant chain to announce surcharges for meals that include eggs in response to a nationwide shortage that has sent U.S. prices skyward.

In a statement, the breakfast giant said that individual markets and restaurants would be responsible for deciding the surcharge price. It declined to quote any pricing examples, describing it as a ‘fluid situation.’

‘Denny’s remains committed to providing our guests with delicious meals they love at the value they expect,’ it said. ‘We do our best to plan ahead with our vendors on items like eggs to minimize the impact market volatility has on our costs and menu pricing.’

Denny’s follows Waffle House among major food purveyors announcing egg surcharges. Many local media reports have also found individual restaurants adding surcharges in recent weeks.

USDA data show a dozen eggs now cost more than $7 on average and have jumped another 10% in just the past week to a fresh all-time high as avian flu continues to spread on many of the nation’s poultry farms.

This post appeared first on NBC NEWS

Fabrics outlet Joann will shutter all of its approximately 800 locations after failing to find a buyer who would keep its stores open.

In a statement, the company said it would commence nationwide going-out-of-business sales as a stipulation of the group that won its assets at auction.

‘JOANN leadership, our Board, advisors and legal partners made every possible effort to pursue a more favorable outcome that would keep the company in business,’ the company said. ‘We are committed to working constructively with the winning bidder to ensure an orderly wind-down of operations that minimizes the impact on all our stakeholders. We deeply appreciate our dedicated Team Members, our customers and communities across the nation for their unwavering support for more than 80 years.”

Joann was founded as the Cleveland Fabric Shop by German immigrants during World War II. At one point, it was the largest fabrics retailer in the U.S.

The company went public in 2010, but was de-listed within a year. It experienced a brief revival thanks to the stay-at-home crafts boom during the pandemic. Joann went public again in 2021, but by 2023 its sales had tanked, and it filed for an initial bankruptcy proceeding in 2024.

Joann listed some 19,000 employees, most of them part-time, when it filed for its second Chapter 11 bankruptcy protection filing in January.

The company posted an extensive FAQ on its website with details about the going-out-of-business sales, which are set to commence immediately.


This post appeared first on NBC NEWS

Direct-to-consumer footwear brand Rothy’s just recorded its best year on record after the company appointed retail veteran Jenny Ming, one of the co-founders of Old Navy, as its CEO. 

Ming took the helm of the flats maker from co-founder Stephen Hawthornthwaite in January 2024. Under her direction, the company grew sales 17% to $211 million last year, its best volume year since it launched nearly a decade ago. 

Comparable sales at its stores grew 20% and it posted positive EBITDA for the full year, with margins above 10%. 

Rothy’s outperformed the U.S. footwear market, which was flat in 2024 compared with 2023, according to Circana. 

Rothy’s growth, which came from an expansion into wholesale and a focus on brick-and-mortar stores, comes as direct-to-consumer darlings find it harder than ever to survive with the pure-play models that once wowed investors at the turn of the decade. 

Once considered the future of the industry, these online-only businesses are now leaning into the retail fundamentals that have long been the building blocks of emerging brands. Wholesale partnerships are a critical customer acquisition tool, and stores still matter.

As these plucky startups contend with the challenges that come with an online-only business, the winners are adapting to a new reality where stores, wholesale partnerships and e-commerce all need to be part of the mix to ensure they can operate profitably. 

“A lot of people are like, why would you be on Amazon? Because people do a lot of searches on Amazon. If we weren’t there, and they type in Rothy’s, a competitor or somebody else would show up. So why wouldn’t we want to be there?” Ming told CNBC in an interview. “To me, it’s really thinking a little bit more holistically and broadly. What our customer would want from us is how we approach it … people shop very different today.” 

Channel diversification will never be a panacea for a business that’s inherently broken or doesn’t serve a market need. The footwear industry and specialty retail overall is more competitive than ever, and Rothy’s needs to continue its efforts to diversify, scale and expand into new categories to keep up its performance.

Soon after Rothy’s launched in 2016, it quickly made a name for itself with its ubiquitous Instagram and Facebook advertisements and an innovative approach on sustainable shoe manufacturing that included using recycled plastic to make machine washable products. By 2019, it was Meghan Markle’s flat of choice and it had developed a cult following. 

Buoyed by a record year for valuations and 0% interest rates, Brazilian footwear company Alpargatas took a 49.9% stake in Rothy’s in 2021 that resulted in a post-investment valuation of $1 billion. 

Rothy’s used the investment to build out a store fleet, but by that time, the company’s growth had stagnated and it was struggling to reach profitability. 

“Once we sort of emerged from the pandemic, you could see a lot of these digitally native brands now sort of saying, OK, now what, right? I need stores. It is so expensive to acquire customers online,” said Dayna Quanbeck, Rothy’s president. ”[With] an e-commerce model … all of your costs are variable, right? Where you really find scale and you really find profitability is where you can leverage your fixed costs, which is stores, really, and wholesale.”

Ming, who served as Old Navy’s president between 1996 and 2006 and later became the CEO of Charlotte Russe, joined Rothy’s board in 2022 and was later asked to take over as CEO. She said no at first, but later agreed to take the helm after she spent a few months consulting and saw the early innings of a transformation beginning to take shape. She immediately started focusing on improving profitability and generating sales momentum by making sure Rothy’s was selling the types of products that its customers wanted — and in the places they shopped. 

“I literally went line by line … looking at what we should spend, what we shouldn’t, you know, and rightsize marketing spend. There was things that, you know, we don’t need,” said Ming, citing office plants as one of the first things she cut. “But the main thing is, driving profitability is really in revenue. You have to be growing your sales in order to really be profitable, right?” 

That’s where Rothy’s new selling strategy came in. In 2024, it began testing with a select number of wholesale partners — Anthopologie, Bloomingdale’s, Amazon and toward the end of the year, Nordstrom.

At the same time, it continued growing its store fleet. Now, a business that drew about 99% of its revenue from its website does about 70% of sales online, with the rest balanced between stores and wholesalers. Combining profitable stores with strong wholesale partnerships, Rothy’s has been able to grow sales and become more profitable at the same time.

“If we were just digitally native forever and ever, you really just can’t get there with the cost of acquisition, with the cost of, you know, just showing up these days,” said Quanbeck. “Honestly, it’s impossible.” 

Looking ahead, Rothy’s is planning to build on its wholesale partnerships and has made stores, along with international expansion, a central part of its strategy. 

Quanbeck said it’s hard to sell customers on everything that makes the brand appealing without them being able to see it in person.

“But when you can walk into the store and you can see it visually, you have a great customer experience where we can really tell the story,” said Quanbeck “It’s additive. And we know that the lifetime value of those customers that engage with us IRL is really high.” 

Quanbeck and Ming, who are alumni of now-bankrupt Charlotte Russe, know all too well the perils of overexpanding unprofitable store fleets, and said they’re taking a balanced approach to brick-and-mortar. The 26 stores Rothy’s has are small and all are profitable and the company plans to open another eight to 10 doors this year, said Quanbeck.

Ming said Rothy’s won’t need hundreds of stores, but she’d like to see the fleet grow to 75, or perhaps even 100. 

“But we also want to make sure our wholesale partners is in the picture,” said Ming. “We’re going to be in [Nordstrom] in March … they have more stores than we will ever have, so they might be in markets that we might not decide to open a store but then we still have a partner for our customer to shop in.” 

When asked if Rothy’s will pursue an initial public offering or look to be acquired, Ming said the business isn’t there yet — and her team doesn’t need the distraction.

“We had a really great year but … I keep telling the team, one year doesn’t make it a trend,” said Ming. “So we’re really focused on this year. I think if we have another great year, you know, maybe a year or two, I think then we could really step back and say, ‘What next?’”

This post appeared first on NBC NEWS

Russia says it is open for economic cooperation with the United States, including on energy and mining rare earth minerals.

Moscow’s comments came after US President Donald Trump said Monday he was in “serious discussions” with Russia about ending its war with Ukraine and was “trying to do some economic development deals” with Moscow, noting its “massive rare earth” deposits.

The comments also follow discussions between the US and Ukraine, in which Trump has demanded access to nearly half of Ukraine’s mineral resources in exchange for military aid.

“I want to stress that we certainly have much more of such resources than Ukraine,” Putin said of Russia’s rare earth deposits in an interview with state media correspondent Pavel Zarubin.

“Russia is one of the leading countries when it comes to rare metal reserves. By the way, as for new territories, we are also ready to attract foreign partners – there are certain reserves there too,” Putin said, in an apparent reference to Russian-occupied areas of Ukraine.

He added that Russia would be willing to sell “about 2 million tons” of aluminum to the US market if the US lifted sanctions restricting the import of Russian metals.

Putin also said Trump’s approach to Russia and Ukraine has been “based not so much on emotions as on cold calculation, on a rational approach to the current situation.”

The statements by Putin and his special envoy came the same day as Trump boasted about his ability to make a deal that could end the war between Russia and Ukraine during a joint press conference with the visiting French President Emmanuel Macron.

“I’ve spoken to President Putin, and my people are dealing with him constantly, and his people in particular, and they want to do something,” Trump said during the conference at the White House.

“I mean, that’s what I do. I do deals. My whole life is deals. That’s all I know, is deals. And I know when somebody wants to make it and when somebody doesn’t,” Trump added.

Ukraine has said previously that it wants security guarantees from the US as part of any deal – something the US president has so far refused to be drawn on.

Later, when asked what makes him think he can trust Putin, Trump responded: “I think it’s to the very much benefit of Russia to make a deal and to go on with – go on with leading Russia in a very positive way. That’s what you have to do.

“I really believe that he wants to make a deal,” Trump said of Putin. “Maybe I’m wrong, but I believe he wants to make a deal.

This post appeared first on cnn.com

A US teenager has been arrested in Paris after her newborn baby was allegedly thrown out of a hotel window and died, multiple French media outlets reported, citing a statement from prosecutors.

The teenager, who was not named, was taken to hospital to undergo an operation after giving birth and was subsequently placed under police custody, prosecutors said.

Her newborn baby “was apparently thrown out of the second-floor window of a hotel” in the 20th arrondissement of Paris on Monday, prosecutors said. “The newborn was taken to emergency care but did not survive.”

Prosecutors said the young woman was part of a “group of young adults traveling in Europe.” An investigation into the homicide of a minor has since been opened, they added.

The case was first reported by Paris Match. AFP news agency and Le Parisien gave the woman’s age as 18.

This is a developing story and will be updated.

This post appeared first on cnn.com

South Korean President Yoon Suk Yeol faces a string of legal battles as the suspended leader fights to save his political career – and avoid prison – following his brief imposition of martial law last year.

Yoon’s December 3 decree threw South Korea into turmoil when he banned political activity and sent troops to the heart of the nation’s democracy – only to reverse the move within six hours after lawmakers forced their way into parliament and voted unanimously to block it.

The decree was swiftly met by widespread public anger, reviving painful memories of strongmen leaders who curtailed rights and freedoms in the country after the Korean War until its transition to democracy in the late 1980s.

Even several members of Yoon’s own conservative ruling party turned on him. On December 14, parliament voted to impeach him, suspending his presidential powers.

But a defiant Yoon has vowed to “fight to the end,” as the country’s top court reviews his impeachment and as he also appears in a separate criminal trial for insurrection.

Here’s what we know.

What’s happening in Yoon’s impeachment trial?

South Korea’s Constitutional Court will decide whether to remove Yoon from office permanently or reinstate him. It is now reviewing his impeachment by parliament after hearing weeks of testimony by high-ranking current and former officials.

Lawyers for parliament have argued that if Yoon is reinstated, he could try to impose martial law again or undermine constitutional institutions.

Yoon has argued that he had a right as president to issue his martial law decree. The former prosecutor-turned-politician said his move was justified by political deadlock and threats from “anti-state forces” sympathetic to North Korea.

Lawyers for Yoon have also argued that he never actually intended to stop parliament from operating, even though the order was publicly declared, and troops and police were deployed to the legislature.

Yoon also sent troops to the National Election Commission and later said the decree was necessary, in part, because the body had been unwilling to address concerns over election hacking, a claim rejected by election officials.

A ruling in the impeachment case is expected in March.

If the Constitutional Court upholds Yoon’s impeachment, he would become the shortest-serving president in South Korea’s democratic history, having taken office in May 2022. The country must then hold new presidential elections within 60 days.

If Yoon’s impeachment is upheld, it would also remove his immunity from most criminal charges.

What other charges does he face?

Prosecutors indicted Yoon on separate criminal charges related to his martial law decree of leading an insurrection. He was arrested in January after a weeks-long standoff between investigators and his presidential security team. He has since been held in solitary confinement at a detention center near Seoul.

Insurrection is one of the few criminal charges from which a South Korean president does not have immunity. It is punishable by life imprisonment or death, although South Korea has not executed anyone in decades.

The indictment alleges that Yoon’s imposition of martial law was an illegal attempt to shut down the National Assembly and arrest politicians and election authorities. Yoon has said his decree was intended as a temporary warning to the liberal opposition and that he always planned to respect lawmakers’ will if they voted to lift the measure.

Yoon’s lawyers have also repeatedly argued that his arrest was politically motivated and that the warrant was invalid because of flaws in the way the investigation was conducted.

The next preliminary hearing for the criminal proceedings is set for the end of March.

Yoon’s insurrection trial is expected to take months. A verdict could be reached by late 2025 or early 2026, according to legal analysts.

Meanwhile, the court is reviewing a request by Yoon’s lawyers to revoke his arrest order and release him from custody, though such challenges are rarely successful.

What important details did we learn from Yoon’s trial?

The impeachment proceedings offered dramatic details illustrating how Yoon and the military enacted the ultimately short-lived martial law order.

South Korea’s former Defense Minister Kim Yong-hyun said it was he, not the president, who first proposed the ill-fated brief period of military rule.

Kim said he wrote the controversial decree himself, which included a sweeping ban of political activity across South Korea.

“All political activities, including the activities of the National Assembly, local councils, and political parties, political associations, rallies and demonstrations, are prohibited,” the martial law decree said.

Both Yoon and Kim strongly denied ordering military commanders to “drag out” lawmakers inside the National Assembly. However, former Army Commander Kwak Jong-geun consistently testified he received direct orders from Yoon himself to forcibly remove assembly members.

Kim and lawyers for Yoon maintained the order was misheard – arguing the Korean word for lawmakers was confused with the similar sounding word for agents or soldiers.

Former first deputy director of the National Intelligence Service (NIS) Hong Jang-won also repeatedly testified Yoon told him to take advantage of martial law. He said Yoon described it as an opportunity to “arrest” a list of 14 political and legal adversaries and to “clean everything up” – which Yoon denies.

Possibly not: Yoon also faces the prospect of another legal battle.

Police have been investigating Yoon on suspicion of the special obstruction of public duty since around January 3, a police spokesperson told Reuters on February 22.

The crime is punishable by up to five years in jail.

A South Korean court issued an arrest warrant for Yoon on December 31 in the criminal investigation over his martial law decree. The warrant, however, was not executed until January 15 after Yoon did not comply, remaining holed up in his heavily fortified presidential compound as the Presidential Security Service blocked investigators for days.

In the months since Yoon’s martial law declaration, South Korea has been in political disarray with parliament also voting to impeach its prime minister and acting president Han Duck-soo. Finance minister Choi Sang-mok is now acting president.

Additional reporting by Reuters and the Associated Press.

This post appeared first on cnn.com