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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

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

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

Australia learned about Chinese live-fire naval drills off the country’s coast that forced dozens of flights to be diverted via an alert from a commercial pilot, authorities said on Monday.

The People’s Liberation Army (PLA) Navy’s unprecedented show of firepower in waters between Australia and New Zealand has raised alarm in both countries in recent days as a clearer picture emerges of how much warning Beijing gave about the exercises.

The first notice of the Chinese drills in the Tasman Sea came in a radio transmission on an emergency frequency monitored by a Virgin Australia passenger jet on Friday, according to Australian officials.

The Virgin pilot relayed the information to Australian aviation authorities, who then issued a “hazard alert” via air traffic control, Airservices Australia CEO Rob Sharp told a parliamentary hearing.

Airservices Australia Deputy CEO Peter Curran told the hearing that at least 49 aircraft diverted their flight paths on Friday to avoid the flotilla of three Chinese warships conducting the exercise.

The New Zealand and Australian governments said China did not issue a Notice to Airmen (NOTAM) about the drills, which they said took place in two rounds in the Tasman Sea on Friday and Saturday.

A NOTAM tells aviators about airspace changes and can be issued up to seven days before events like the live-fire drills, according to US authorities.

China’s Ministry of Defense said Sunday that the exercises conducted in international waters complied with international law and did not affect aviation safety. It also slammed Australia for “hyping up” the drills and making “unreasonable accusations.”

Though the drills were held in international waters, Beijing could have given Australia and New Zealand a heads-up much sooner in the interests of safety, naval experts said.

Defense analyst Jennifer Parker, a former Australian naval officer, wrote in a blog post Sunday that the Chinese ships did not violate international law and were well within their rights to conduct the live fire drills where they did, in the open ocean.

“It’s not aggressive, it’s just what warships do on the high seas,” Parker wrote. “There is no legal obligation for foreign warships to notify coastal nations over 300 nautical miles away about live firing activities on the high seas.”

But Parker said the Chinese ships may not have followed best practices, under which live-fire drills should maintain a safe distance from commercial flight routes.

“Indications from flight diversions suggest that the Chinese warships may have been too close to civilian air transit routes. If this is the case, it represents poor practice that warrants diplomatic discussion,” she wrote.

Analyst Carl Schuster, a former US Navy captain, was blunter.

“Forcing aircraft to divert from their internationally recognized routes is considered unsafe and irresponsible,” Schuster said.

Australia’s Prime Minister Anthony Albanese said on Saturday that while China’s drills complied with international law, Beijing “could have given more notice.”

Judith Collins, the defense minister of New Zealand, said China’s warning should have come hours earlier.

“There was a warning to civil aviation flights, that was basically a very short amount of notice, a couple of hours, as opposed to what we would consider best practice, which is 12-24 hours’ notice, so that aircraft are not having to be diverted when they’re on the wing,” she told public broadcaster Radio New Zealand (RNZ).

‘Standard procedure’

By Tuesday, the Chinese ships had moved to about 160 miles east of Hobart on the southern island of Tasmania, and Australian and New Zealand defense forces were monitoring their movements, the Australian Defense Ministry said.

Australian officials said Monday that flight diversions continued throughout the weekend but did not cause any major disruptions to air traffic.

In such circumstances it’s best to exercise caution, analysts said.

“Airliners listen out on the standby radio to the 121.5 international distress frequency. The naval group will contact the aircraft on 121.5 before it reaches a ’threat’ range and demand it alter course to avoid overflight,” said Byron Bailey, a former Emirates airline senior captain.

“It is standard procedure not to overfly a naval battle group,” he said.

Bailey recounted how, when flying a 777 airliner over the Persian Gulf, a US Navy aircraft carrier strike group once ordered him to alter his course to avoid going over the US flotilla.

The PLA Navy ships – a frigate, a Type 055 destroyer and a replenishment vessel – had been sailing down the coast of Australia since mid-February, according to the Australian Defence Force.

Collins, the New Zealand defense minister, said the Chinese naval exercises were unprecedented in those waters.

“We’ve certainly never seen a task force or task group of this capability undertaking that sort of work,” Collins told RNZ.

While the exercises may be a first for China in the southern waters, such maneuvers are standard practice around the world, including by Australia and its allies in the South China Sea.

“Australia does this on our deployments, and we should avoid overreacting,” said Parker, the Australian analyst.

That fact was noted by Chinese netizens on social media, where the PLA Navy deployment has received significant attention.

“Our 055 went to Australia for live-fire exercises, and they conducted them twice,” one person wrote on X-like platform Weibo, referring to the powerful Chinese surface vessel in a post that hinted at tensions around the South China Sea’s contested Paracel Islands, which Beijing calls the Xisha Islands.

“We should have used this way to communicate long ago. I think the Australian side will understand! If you intrude my Xisha Islands, I will come to your doorstep.”

But Bailey, the former Emirates senior captain and a former Australian air force fighter pilot, said it was China that was being provocative.

The PLA Navy drills were “unprofessional and deliberately disrespectful,” he said. “The PLAN was just ‘giving the finger’ to Australia and New Zealand.”

This post appeared first on cnn.com

Broadcaster YTN aired dashcam footage showing the towering deck of the overpass suddenly collapsing and slamming onto the road below.

The massive road network is still being built and no passenger cars were around the construction site.

Acting Interior and Safety Minister Koh Ki-dong urgently ordered relevant agencies, including the fire and police departments, to “mobilize all available equipment and personnel for rescue efforts, while ensuring the safety of firefighters,” according to the ministry’s press release.

This post appeared first on cnn.com

The complexion of the market is changing. Aggressive sectors which have led the market higher are now beginning to show signs of strain as momentum slowly dissipates and prices turn lower. However, defensive sectors (XLP, XLRE, XLV and XLU) are now leading the market. Typically when this occurs the market is at a top. Given the look of the SPY, we could very well have hit a major market top.

Carl started off the trading room with a review of the DP Signal Table and Bias Table which are still looking bullish overall.

He then gave us his analysis of the market in general looking at not only the SPY, but Bitcoin, Gold, Gold Miners, the Dollar, Bonds and more!

Once the market review was complete, Carl walked us through the Magnificent Seven charts, both daily and weekly. There is clear weakness showing through on most of these stocks and that doesn’t bode well for the market as a whole.

Erin took over and discussed sector rotation, specifically the gains in defensive sectors. Aggressive sectors are topping and looking very weak. Energy has some potential, but it still has to figure out what “drill, baby, drill” will mean for Crude Oil related stocks.

Finally, Erin covered viewer symbol requests which included SMCI, MSTR, PLTR and JPM.

Join us LIVE in the free DP Trading Room on Mondays at Noon ET by signing up ONCE at https://zoom.us/webinar/register/WN_D6iAp-C1S6SebVpQIYcC6g#/registration

Schedule:

01:13 DP Signal Tables

03:35 Market Overview

15:04 Magnificent Seven

21:25 Palantir (PLTR) and Invesco Global Listed Private Equity ETF (PSP)

27:04 Sector Rotation

31:43 Symbol Requests

Remember, we have a free two-week trial available on all of our reports. Just use coupon code: DPTRIAL2 at checkout: https://www.decisionpoint.com/products.html


The DP Alert: Your First Stop to a Great Trade!

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Technical Analysis is a windsock, not a crystal ball. –Carl Swenlin


(c) Copyright 2025 DecisionPoint.com


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. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.

DecisionPoint is not a registered investment advisor. Investment and trading decisions are solely your responsibility. DecisionPoint newsletters, blogs or website materials should NOT be interpreted as a recommendation or solicitation to buy or sell any security or to take any specific action.


Helpful DecisionPoint Links:

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Price Momentum Oscillator (PMO)

On Balance Volume

Swenlin Trading Oscillators (STO-B and STO-V)

ITBM and ITVM

SCTR Ranking

Bear Market Rules


Utilities enter top 5

Last week’s trading, especially the sell-off on Friday, has caused the Utilities sector to enter the top 5 at the cost of Industrials.

Based on last Friday’s close, the sector ranking based on the combination of weekly and daily RRG metrics came out as follows:

  1. Communication Services – (XLC)
  2. Consumer Discretionary – (XLY)
  3. Financials – (XLF)
  4. Technology – (XLK)
  5. Utilities – (XLU)*
  6. Industrials – (XLI)*
  7. Consumer Staples – (XLP)
  8. Energy – (XLE)*
  9. Real-Estate – (XLRE)*
  10. Healthcare – (XLV)
  11. Materials – (XLB)

The best four sectors remain unchanged. At the bottom of the best five sectors, Utilities and Industrials are swapping positions.

In the second half of the ranking, Energy and Real Estate swapped positions, but this has not affected the portfolio yet.

Weekly RRG: Rotations starting to shift direction

On the weekly RRG above, we see Financials turning back up while inside the weakening quadrant; this is a positive sign, suggesting that XLF is entering a new up-leg within an already existing up-trend.

Communication services remain inside the leading quadrant, albeit on a slightly negative heading. The short tail suggests a steady outperformance.

Consumer Discretionary is on a long tail with a negative heading, moving into the weakening quadrant. Based on the high reading on the weekly RRG, this sector remains in the top-5.

Technology shows a dangerous rotation. Immediately after entering the leading quadrant, the tail has rotated back into a negative heading. For now, the short tail saves the day, but caution needs to be exercised when this tail starts to accelerate at this negative heading.

Daily RRG

The daily RRG shows the XLY tail deep inside the lagging quadrant, which is pulling the weekly tail lower. These two time-frames are fighting for dominance in this sector. For now, the longer term, weekly time frame remains on top.

A Look At The Charts

Communication Services (XLC)

XLC is holding up above the former breakout level, which is now providing support. The raw relative strength line maintains the rhythm of higher highs and higher lows but at a lesser pace.

This is reflected in the RS-Momentum line moving lower. Given the high reading of the RS-Ratio line, this is very likely a temporary setback in relative strength.

Consumer Discretionary

The Consumer Discretionary sector is now getting close to completing a double top formation, which would send a negative chart technical signal.

In case of such a break, the target area will very likely be in the 200-210 area.

The deterioration in relative strength has already started, but it needs more time to become convincing enough to materialize a drop out of the top five.

Financials (XLF)

XLF has been consolidating between 50-52 in the past 4-5 weeks relative to the market. This means a slight improvement, which is reflected in both RRH-Lines turning back up. With the tail located inside the weakening quadrant, XLF will be well-positioned for outperformance in the coming weeks.

Technology (XLK)

Another week, another failure to take out overhead resistance.

Once again, the 242 area has proven to be too much of a hurdle for XLK. The close at the week’s low suggests some follow-through in the coming week.

The sector is still within the boundaries of the rising channel, and the RRG-Lines are mildly positive, justifying the #4 spot in the portfolio, but risks are increasing.

Utilities (XLU)

The strong performance since the low mid-January is starting to spill over into the relative strength of the Utilities sector.

The price chart is back in a series of higher highs and higher lows while the RRG-Lines are slowly starting to curl upwards.

The weak rotation for XLY on the daily chart is offset by the strength on the weekly RRG. The situation for XLU is the other way around. Here, XLU’s strong performance on the daily RRG offsets the sector’s weakness on the weekly RRG.

Portfolio Performance Update

The equal weight portfolio (20%/sector) gave back the outperformance that was built since inception. The RRG portfolio was at +2.36% since inception while SPY gained +2.62%.

Not great but no drama either, we will continue to monitor.

#StayAlert, –Julius


In the later stages of a bull market cycle, we will often observe a proliferation of bearish momentum divergences. As prices continue higher, the momentum underneath the advance begins to wane, representing an exhaustion of buyers.

We’ve identified a series of bearish momentum divergences in the early days of 2025, from Magnificent 7 names like Alphabet (GOOGL) to financial institutions including Synchrony Financial (SYF). Today, we’ll focus in on the bearish momentum divergence for Amazon.com (AMZN), which could indicate broader signs of weakness for the consumer discretionary sector as well as for the equity markets as a whole.

The daily chart of AMZN features all the key features of a bearish momentum divergence. Note how the price has remained in a primary uptrend going into this week, marked by a clear pattern of higher highs and higher lows. The most recent all-time high, achieved earlier this month when AMZN pushed briefly above the $240 level, saw the RSI fail to get above the overbought threshold.


The Magnificent 7 have transformed into the Meager 7. So which sectors or stocks might take the lead in 2025? Join me in our upcoming FREE webcast on Wednesday 2/26 at 1:00pm ET as we explore sector rotation trends, analyze growth vs. value dynamics, and spotlight stocks gaining momentum in Q1. Can’t make it live? No worries! Just register and I’ll send you the replay as soon as it’s ready. Sign up for Finding Value: The Great Rotation of 2025 today!


In a healthy bullish trend, we would expect higher price highs to be supported by strong momentum readings, indicating an influx of buying power and investor optimism.  When new highs are matched with lower RSI levels, that suggests a lack of buying power and evaporating investor optimism.

Once a bearish momentum divergence is confirmed, we can monitor the most recent swing low to confirm a potential breakdown as the price follows through after the divergence. After reaching that support level around $215 last Friday, we have seen AMZN push below this support level during the trading day on Monday. A confirmed close below this support level could represent a meaningful breakdown and a “change of character” for one of the top weights in the Consumer Discretionary Select Sector SPDR Fund (XLY).

Any time I see a potential pattern on the daily chart, I remember the classic market maxim, “When in doubt, zoom out!” The weekly chart shows how the most significant pullbacks in 2023-2024 were marked by a sell signal from the weekly PPO indicator.

Over the last two weeks, we’ve recognized a similar bearish pattern to those previous pullbacks, both of which ended with AMZN finding support at the 40-week moving average. That would align closely with the 200-day moving average on the daily chart, which currently sits just below the $200 level.

When I see a bearish momentum divergence appear on a chart like Amazon, I’ve learned to put that chart on a ChartList of potential reversal names, and monitor those tickers for signs of a breakdown of support. Based on our analysis of the daily and weekly charts of AMZN, this leading internet retailer could be signaling a key breakdown going into March.

RR#6,

Dave

P.S. Ready to upgrade your investment process? Check out my free behavioral investing course!


David Keller, CMT

President and Chief Strategist

Sierra Alpha Research LLC


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.

The author does not have a position in mentioned securities at the time of publication. Any opinions expressed herein are solely those of the author and do not in any way represent the views or opinions of any other person or entity.

The Securities and Exchange Commission is dropping its investigation into Robinhood’s crypto arm, the company revealed Monday.

Robinhood said it received a letter from the SEC’s enforcement division on Friday, detailing in a blog post that the agency has closed its investigation into the crypto business with no intention of moving forward with an enforcement action. The news comes three days after Coinbase similarly announced that the SEC has agreed to end its enforcement case against it.

Shares of Robinhood were last higher by about 1%.

In May 2024, Robinhood received a notice warning that it could be charged for potential violation of securities law within its crypto unit after previously being subpoenaed for its cryptocurrency listings, custody and platform operations — despite “years of good faith attempts to work with the SEC for regulatory clarity including our well-known attempt to ‘come in and register,’” Dan Gallagher, the company’s chief legal, compliance and corporate affairs officer, said at the time.

“Robinhood Crypto always has and will always respect federal securities laws and never allowed transactions in securities,” he said in a statement Monday. “We appreciate the formal closing of this investigation, and we are happy to see a return to the rule of law and commitment to fairness at the SEC.”

An SEC spokesperson declined to comment for this story.

The SEC’s dismissal of the Robinhood and Coinbase cases is an early sign of the regulatory sea change for the crypto industry promised by President Donald Trump during his election campaign. Despite the meteoric rise of the price of bitcoin under the previous administration, many crypto businesses saw it as low point due to the SEC’s notorious regulation-by-enforcement approach to crypto — as opposed to the creation of clear rules by which to operate — under the leadership of then Chair Gary Gensler.

Nearly half of Robinhood’s $672 million transaction-based revenue in the fourth quarter came from a 700% rise in revenue tied to crypto trading, as bitcoin rallied toward $100,000 for the first time ever on hopes of more favorable policies under Trump.

The shares have gained 38% so far in 2025.

This post appeared first on NBC NEWS

Starbucks will lay off 1,100 corporate employees and will not fill several hundred other open positions, the coffee chain’s CEO Brian Niccol said Monday.

The cuts will not affect workers at the company’s cafes.

In a message to corporate employees, Niccol said Starbucks is “simplifying our structure, removing layers and duplication and creating smaller, more nimble teams.”

“Our intent is to operate more efficiently, increase accountability, reduce complexity and drive better integration,” Niccol wrote. “All with the goal of being more focused and able to drive greater impact on our priorities.” 

The layoffs come as Starbucks tries to draw coffee drinkers back to its cafes after same-store sales declined for four straight quarters. As customers turn to cheaper rivals in Starbucks’ two largest markets, the U.S. and China, Niccol has tried to revamp operations since he took the helm of the company last year, including by speeding up service.

Starbucks had about 16,000 employees who work outside of store locations as of last year. The cuts will affect people who work in corporate support, but not roasting, manufacturing, warehousing and distribution.

This post appeared first on NBC NEWS