Author

admin

Browsing

Two suicide bombings breached a wall at a military base in northwestern Pakistan before other attackers stormed the compound and were repelled in violence that killed at least 12 people and wounded 30 others, according to officials and a local hospital.

A group affiliated with the Pakistani Taliban claimed responsibility for the attack in Bannu, in Khyber Pakhtunkhwa province, and said that dozens of members of Pakistani security forces were killed. The military didn’t immediately confirm any casualties, but Bannu District Hospital said that at least a dozen people were dead.

The two suicide bombers blew themselves up near the wall of the sprawling military area, a security official said on condition of anonymity, because he wasn’t authorized to speak with reporters.

“After a breach in the wall, five to six more attackers attempted to enter the cantonment, but were eliminated,” the security official said.

The attack happened after sunset, when people would have been breaking their fast during the Muslim holy month of Ramadan.

Jaish Al-Fursan claimed responsibility for the attack, the third militant assault in Pakistan since Ramadan started Sunday. In a statement, the group said the source of the blasts were explosive-laden vehicles.

Plumes of gray smoke rose into the air and gunshots continued after the two explosions, police officer Zahid Khan said. Four of those killed were children, hospital officials said. The victims lived close to the scene of the blasts.

A spokesman for Bannu District Hospital, Muhammad Noman, said that the evening blasts badly damaged homes and other buildings.

“The roofs and walls collapsed and that’s why we are receiving casualties,” he said.

Hospital director Dr. Ahmed Faraz Khan said: “So far we have received 42 victims, 12 dead and 30 injured. A few of them are critical, but most are stable. All doctors, particularly surgeons and paramedical staff, have been called for duty as a medical emergency has been imposed.”

The blasts caused the roof of a nearby mosque to collapse while a number of worshippers were inside, rescue workers and provincial government spokesman Muhammad Ali Saif said.

Rescue workers trying to free people from underneath the rubble said that they had retrieved the body of the mosque’s imam.

Pakistani Prime Minister Shehbaz Sharif condemned the attack and expressed his grief over the loss of life. The chief minister of Khyber Pakhtunkhwa, Ali Amin Gandapur, ordered an inquiry.

Militants have targeted Bannu several times. Last November, a suicide car bomb killed 12 troops and wounded several others at a security post.

In July, a suicide bomber detonated his explosives-laden vehicle and other militants opened fire near the outer wall of the military facility.

This post appeared first on cnn.com

A German tattoo artist who tried to enter the United States from Mexico through the San Diego border has been in Immigration and Customs Enforcement (ICE) detention for over a month, according to a friend who witnessed her being detained.

Jessica Brösche, a Berlin-based tattoo artist, had been vacationing in Mexico when she decided to travel to the US from Tijuana with an American friend, Nikita Lofving. But at the San Ysidro port of entry immigration authorities took Brösche into custody.

The call was on January 25. Brösche has been in detention ever since, half a month past when she originally hoped to leave the US on February 15, Lofving says.

In a statement to KGTV, an ICE spokesperson wrote that Brösche is in detention due “to the violation of the terms and conditions of her admission.”

“I mean, she was coming to work, but not really for money,” Lofving said. “We have an agreement between artists. She’s one of my best friends. We’ve been working on this tattoo project on my body for the last five or six years, and in exchange, I make clothes for her.”

In a phone interview with KGTV last month, Brösche said that she had been kept in “horrible” solitary confinement for eight days when she entered US custody.

“I just want to get home, you know? I’m really desperate,” Brösche told KGTV from Otay Mesa. “I don’t really understand why it’s taking so long to get back to Germany.”

Lofving said that Brösche’s friends and family are hoping that she’ll be out of detention and on a flight back to Germany on March 11, and that her mother bought her a plane ticket home. They aren’t sure whether ICE will let her out by then, however.

“We sent (Brösche) back the information for the tickets, and she told her ICE agent,” Lofving continued, saying the ICE agent had said, “No, you have to get the ticket approved before you buy it.”

‘Extremely concerning’

“Our responsibility is to care for each person respectfully and humanely while they receive the legal due process that they are entitled to,” said spokesperson Ryan Gustin.

By entering on the waiver program, a tourist waives their right to any kind of litigation, Joseph explained.

But normally, a tourist denied entry to the US would be allowed to withdraw their application for admission. “Instead of being subjected to deportation proceedings, they’re allowed to kind of get back on the airplane and turn around and go home, and that does not appear to have happened in this case,” Joseph continued.

In any case, Joseph said that Brösche’s extended stay in Otay Mesa is “extremely concerning.”

This post appeared first on cnn.com

Millions of residents along Australia’s eastern coast are preparing for the impact of the most southerly cyclone to threaten the region in more than five decades.

Tropical Cyclone Alfred, with strength the equivalent of a category 1 Atlantic hurricane, is expected to cross the coast just south of the Queensland capital of Brisbane, home to 2.5 million people, in the early hours of Friday, potentially at high tide, complicating the days ahead for emergency services.

“This is a rare event – to have a tropical cyclone in an area that is not classified as part of the tropics, here in southeast Queensland and northern New South Wales (NSW),” said Prime Minister Anthony Albanese in Brisbane on Wednesday.

The last cyclone to cross near Brisbane of a similar strength was Cyclone Zoe back in 1974, which caused major flooding in the city and NSW’s Northern Rivers region.

Brisbane’s population has more than doubled since then, but experts say the worst of Cyclone Alfred could be felt south of the storm’s eye, along popular tourist beaches from the Gold Coast to northern NSW.

“We haven’t seen anything quite like this for a good 50 years,” said Darrell Strauss, coastal management researcher at Griffith University.

“There are areas where storm surge is the biggest problem, and then there’s areas where high waves and coastal erosion and inundation from the sea directly due to the waves are a big problem. So, we’ve got a combination of all of that from Brisbane to the Northern Rivers (of NSW),” Strauss said.

As of Wednesday, Cyclone Alfred was just over 400 kilometers (250 miles) off the coast, moving west with destructive winds of up to 120 kilometers per hour (75 miles per hour), according to Australia’s Bureau of Meteorology (BOM).

Creeks and rivers in northern NSW were expected to flood, threatening an unwelcome return to scenes of 2022 when heavy rain saw several rivers burst their banks.

Three years on, some flooded homes are still uninhabitable and delays in rebuilding forced residents to live in temporary housing and tents for far longer than many hoped.

“The Northern Rivers has gone through hell over the last few years. We’re particularly concerned about some of those communities,” NSW Premier Chris Minns said Tuesday.

In Brisbane, residents were busy sandbagging their homes and stripping supermarket shelves of food and bottled water as authorities issued warnings about potential flooding.

Modeling showed 20,000 properties across Brisbane could be impacted by storm surge or flash flooding, according to the Lord Mayor’s office.

Beaches in northern NSW and along the Queensland coast were closed, as authorities warned of hazardous surf with waves of more than 5 meters (16 feet). Storm surges could go even higher, up to 10 meters (32 feet), according to the NSW State Emergency Services.

Queensland Premier David Crisafulli urged residents near vulnerable coastal areas to follow evacuation orders.

“If it was the case that this system, which has strengthened, was to cross on high tide in the middle of the night, and you’re in that storm surge, the last place you want to be is in your home. So, now’s the time,” he said.

Major sporting events were canceled, and schools will close in the affected areas Thursday and Friday.

Strong winds were also a concern in areas where residents are accustomed to heavy rain, but not necessarily cyclone-strength gales. They were urged to tie down anything that could take flight.

This post appeared first on cnn.com

Americans applied for British citizenship in record numbers last year, with a historically high volume of applications submitted in the last quarter of 2024 – a period coinciding with US President Donald Trump’s re-election.

More than 6,100 US citizens applied for UK citizenship last year, the most since records began in 2004, when fewer than 3,000 Americans submitted an application, according to data from the UK’s Home Office.

Last year’s numbers also saw a marked uptick from 2023, a year with fewer than 5,000 applications by US citizens.

Applications by Americans soared in the last three months of 2024, when more than 1,700 people applied – the most in any quarter in the past two decades.

The surge is reminiscent of an upswing recorded in the first six months of 2020, when more than 5,800 Americans gave up their citizenship, nearly tripling the number from all of 2019.

That uptick came in the wake of Trump’s first presidency and changes in tax policy, analysts argued then, and were mostly Americans who had already been living in Britain for some time.

Trump himself could apply for British citizenship, through his late mother, Mary Anne MacLeod, who was born and raised in Scotland before leaving as a 17-year-old for the United States to work as a domestic servant in 1930.

European escape

As more Americans scramble for UK passports, some British citizens have recently sought their own backups.

In the years following the UK’s vote to leave the European Union (EU) in 2016, the number of Britons applying for Irish passports – giving them the right to freely work, live and travel across Europe – almost doubled.

And with Trump’s re-election in November last year leaving Americans around the world worried about what the next four years may bring, some communities have sniffed an opportunity.

An Italian village launched a website aimed at would-be American expats, offering up more cheap homes in the hope that those upset by the election’s outcome will rush to snap up one of its empty properties – and revive its fortunes after decades of depopulation.

“Are you worned (sic) out by global politics? Looking to embrace a more balanced lifestyle while securing new opportunities?” the website asks. “It’s time to start building your European escape in the stunning paradise of Sardinia.”

This post appeared first on cnn.com

In this video, Dave analyzes market conditions, bearish divergences, and leadership rotation in recent weeks. He examines the S&P 500 daily chart, highlighting how this week’s selloff may confirm a bearish rotation and set downside price targets using moving averages and Fibonacci retracements. To validate a potential end to the bearish phase, he shares a key technical analysis chart. What’s your S&P 500 downside objective?

This video originally premiered on March 4, 2025. Watch on StockCharts’ dedicated David Keller page!

Previously recorded videos from Dave are available at this link.

With US tariffs on Canada, Mexico, and China having taken effect at midnight on Tuesday, US indexes extended their Monday losses, deepening concerns over the escalating trade war.

It was only a few months ago when analysts held relatively optimistic forecasts of emerging and developed market performance relative to the US. Since Trump’s re-election, Wall Street has grown more cautious due to renewed trade tensions, particularly with China, Canada, and Mexico. Nevertheless, given the sharp decline in US stocks, I thought it might be prudent to examine international markets to see how emerging and developed markets might be responding to the new Trump trade war.

Here’s a MarketCarpets view of the action early Tuesday morning:

FIGURE 1. MARKETCARPETS ONE-DAY VIEW OF INTERNATIONAL MARKETS. It’s a mixed bag with mostly negative responses.Image source: StockCharts.com. For educational purposes.

As expected, iShares MSCI Canada ETF (EWC) and iShares MSCI Mexico Capped ETF (EWW) are down while iShares MSCI China ETF (MCHI) remained resilient in the early part of the trading session.

For a broader yet short-term perspective, the five-day view shows a similar trend, but with deeper losses.

FIGURE 2. FIVE-DAY VIEW OF MARKETCARPETS INTERNATIONAL MARKETS. No clear leadership here with developed and emerging markets largely declining across the board.Image source: StockCharts.com. For educational purposes.

Developed and emerging markets are largely in the red with no clear leadership. What markets are bracing for are the tariff responses, which could significantly complicate and negatively impact global trade dynamics.

Developed vs. Emerging vs. US Markets

For those of you who might not be aware of it, the “developed” category excludes US markets. This may seem as strange as China’s inclusion in the “emerging” category where it is the second largest economy in the world. But there you have it. So, to get a clear picture of relative performance between the US markets, developed markets, and emerging markets, we’ll look at three ETFs representing each category and compare their performance using a one-year view on PerfCharts.

  • iShares MSCI EAFE ETF (EFA): developed markets
  • iShares MSCI Emerging Markets ETF (EEM): emerging markets
  • SPDR S&P 500 ETF (SPY): broader US stock market

FIGURE 3. PERFCHARTS COMPARING RELATIVE PERFORMANCE OF DEVELOPED MARKETS, EMERGING MARKETS, AND THE S&P 500. The S&P and emerging markets are declining, but developed markets are rising and holding steady.Chart source: StockCharts.com. For educational purposes.

To get an even clearer, if not more direct comparison, take a look at a weekly ratio chart comparing EFA with EEM. From here on out, we’ll be focusing solely on international markets (omitting the S&P 500).

FIGURE 4. CHART OF EFA:EEM WITH GUPPY MULTIPLE MOVING AVERAGES. Notice how the short- and longer-term market sentiment is in an uneasy equilibrium.Chart source: StockChartsACP.com. For educational purposes.

What’s valuable about plotting a Guppy Multiple Moving Average (GMMA) is that its two color-coded ribbons are proxies for short and long-term investors. Developed markets have been trending strongly against emerging markets since the summer of 2021. But now, with the two ribbons converging, it’s telling you that short- and long-term sentiment is hovering at an uneasy equilibrium. There’s still plenty of uncertainty, even with developed markets pulling ahead.

Despite the global trade environment, might EFA or EEM present any tradable opportunities from a technical perspective? Let’s shift over to a daily chart of EFA for a closer look.

FIGURE 5. DAILY CHART OF EFA. A wide trading range with a few indications of a potential breakout.Chart source: StockCharts.com. For educational purposes.

EFA is trading near the top of a wide trading range. If you were to look at a naked chart of EFA, the price action would seem a little chaotic. This is why I decided to plot the following indicators to contextualize the price action. As complex as it may look, the indicators make the price action simpler to understand.

Here are a few key points to consider:

  • EFA’s wide trading range is defined by the August low and September high.
  • The latest surge is accompanied by a rise in the StockCharts Technical Rank (SCTR) score, which has now surpassed 70 (a bullish threshold I use) signaling strong technical momentum across multiple indicators and timeframes.
  • The Accumulation/Distribution Line (ADL) is rising steadily and is above the current price, indicating that money flows are steadily pouring into the ETF (and by proxy, stocks included in this particular developed market index).
  • I am dividing EFA’s range using Quadrant Lines. Note how the 2nd and 3rd quadrants align with the areas of concentrated trading volume, as shown by the Volume-by-Price indicator. This high-volume range can act as either support or resistance. If EFA were to eventually break out of its current range, a favorable scenario would be to see it trade above the lower limits of the third quadrant; more preferably, bouncing off the second quadrant and eventually breaking above its September high.

If this looks semi-bullish, EEM looks a bit more stuck. Here’s a daily chart.

FIGURE 6. DAILY CHART OF EEM. Support and resistance levels are plotted in an otherwise messy trading range.Chart source: StockCharts.com. For educational purposes.

EEM has sharply declined after falling below the bullish SCTR threshold of 70. After failing to retest its September high, it has retraced back toward the middle of a range that extends as far back as May of last year. The most concentrated portion of that range, as shown by the Volume-by-Price, lies between $41.50 and $43.50. While the ADL signals positive buying pressure relative to the decline in price, it’s also flattening out, indicating that money flows may be steadily declining.

Despite the volatile price action, support and resistance levels remain well-defined (and the  Volume-by-Price indicator helped confirm these levels). EEM is likely to bounce between support ($41 and $42) and resistance ($43.50 and $45.50) unless macroeconomic catalysts trigger a breakout in either direction below or above the current range. For now, patience is key—waiting for EEM to establish a clearer direction, technically or fundamentally.

Action Steps

Here are a few things you can do:

  • Add EEM and EFA to your ChartLists.
  • Observe how their price response to key levels mentioned above aligns with global trade environment developments.
  • Monitor MarketCarpets (International ETFs) regularly to see if any patterns of consistency emerge over time.
  • If a market shows consistent bullish or bearish trends, zoom in on the specific countries to determine if they align with their developed or emerging market group or are moving independently.
  • Monitor the SCTR scores and analyze those charts further to see if they present investment opportunities.

At the Close

Given the heightened uncertainty surrounding global trade, developed markets have shown relative strength, while emerging markets remain in a fragile position. With tariff responses still unfolding, you should stay alert to price action while monitoring broader market sentiment for signs of directionality. For now, patience and observation remain key in navigating these volatile markets.


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.

Domino’s Pizza is finally releasing its own version of stuffed crust on Monday, aiming to win over the customers who are willing to spend more on the pricey pizza customization. 

Thirty years ago, Yum Brands’ Pizza Hut debuted the cheesy stuffed crust, marketing the launch with a television commercial starring Donald Trump. As years passed, rivals Papa John’s and Little Caesars eventually followed with their own takes. Trump went from hawking pizza to sitting in the Oval Office.

Generations of consumers have grown up with stuffed crust, including the increasingly important Gen Z diners, who are entering the workforce and buying their own pizzas now. The addition is critical for Domino’s, the top U.S. pizza chain, to compete with rivals Pizza Hut and Papa John’s, which have ceded market share to Domino’s in recent quarters but still steal the pizza chain’s customers.

“Nearly 13 million Domino’s customers each year are buying stuffed crust from our competitors, and these are our customers who have to leave our brand because we’re the only national pizza brand that doesn’t offer it,” Domino’s Chief Marketing Officer Kate Trumbull told CNBC.

Domino’s has taken so long to release stuffed crust that a survey of its customers found that 73% already believed that the chain offered it on the menu, according to Trumbull.

That all changes on Monday, when Domino’s launches its Parmesan Stuffed Crust. The menu item is included in the pizza chain’s $9.99 carryout deal.

When Pizza Hut originally launched stuffed crust, Domino’s viewed the menu item as gimmicky, according to Trumbull. Plus, the company heard that stuffed crust caused bottlenecks and slowed down service, leading to unhappy customers and workers.

But Domino’s perspective changed after more national competitors followed Pizza Hut’s lead. The chain committed to launching its own version in 2022, when its sales were faltering in the wake of the Covid-19 pandemic pizza boom.

“It has been one of the longest development efforts in the company’s history,” Trumbull said.

The process began with extensive market research. Findings included that stuffed crust customers tend to buy pizza more frequently and often spend more per transaction.

Eight potential iterations followed before Domino’s landed on the right recipe for its Parmesan Stuffed Crust, made with mozzarella and topped with garlic seasoning and a sprinkle of Parmesan cheese.

At the same time, Domino’s was improving its restaurants’ overall operations, retraining its employees across the system on making its crust and rolling out a custom dough spinner to restaurants. If the pizza chain hadn’t made its kitchens more efficient, it wouldn’t have been able to launch stuffed crust, according to Trumbull.

Ahead of the launch of Parmesan Stuffed Crust, the pizza chain spent 12 weeks training franchisees and 7,000 stores on how to make it properly.

“We’re not going to leave anything to chance after taking three years,” Trumbull said.

This post appeared first on NBC NEWS

Sonic the Hedgehog may be able to run faster than the speed of light, but his film franchise nearly came to a screaming halt in 2019.

A less-than-three-minute trailer released early that year to tease the film’s release, which was just six months away, was widely panned by fans who took to social media to rail against Paramount’s character design. Dubbed “Ugly Sonic,” the blue creature that appeared on film was a far cry from the iconic video game speedster.

Cinematic Sonic, version 1, had more realistic facial features, including human-like teeth, and his body proportions were deemed inconsistent with the character fans grew up with in the ’90s.

“The trailer goes out, and I think it became the most viewed trailer in the history of Paramount Pictures. Which is amazing,” said Toby Ascher, who acquired the rights to Sonic and produced the film franchise. “The only problem was that 90% of people hated the trailer because of the design of Sonic.”

“All of a sudden we went from trying really, really hard to make a really, really faithful video game adaptation to being next in line of the people who had ruined video games for everyone. It just was a disaster of epic proportions,” Ascher added.

The studio pivoted, opting to redesign the title character and push the film’s release back three months to February 2020. The fix cost Paramount around $5 million but resulted in a franchise that has generated nearly $1.2 billion at the global box office. The studio hopes to build on that momentum with a fourth installment in the film franchise, set to debut in 2027.

“The Sonic franchise owes its box office success and longevity to a monumental decision early in the development of the first films’ marketing campaign,” said Paul Dergarabedian, senior media analyst at Comscore. “A re-design of a main character is no small thing. … These decisions can make or break what is every studio’s dream of having a single film turn into a long-term revenue generating franchise. The return on investment by turning an ‘ugly’ Sonic into a beautiful revenue generating franchise is undeniable.”

Ascher first acquired the rights to Sonic the Hedgehog in 2013, a time in Hollywood when video game-inspired films had failed to resonate with audiences.

“When we first started working on Sonic, making a video game adaptation was, like, a really bad idea,” he told CNBC.

No film based on a video game property had, to that point, managed to earn a positive rating from review aggregator Rotten Tomatoes. It wasn’t until 2019 that a video game-based film generated a “fresh” rating on the site, indicating more than 60% positive reviews.

“I don’t think anyone in town really thought making a Sonic movie was a good idea,” Ascher said. “But, I think our strategy was that we had grown up with these games. We’ve grown up with these characters, and we wanted to treat them like any other character. We wanted to give them real emotional arcs, and real emotional stories where you could relate to them.”

Ascher noted that previous video game adaptations typically focused on worldbuilding rather than character development.

“What we’ve been able to do is inject into the franchise heart, and I think that that’s what’s made it different,” said Neal Moritz, Ascher’s producing partner and producer of franchises like “The Fast and the Furious” and “21 Jump Street.”

Both Ascher and Moritz noted that while the filmmaking team behind the first “Sonic the Hedgehog” film overhauled the main character’s design, the story remained pretty much the same.

The filmmaking team was blindsided by audiences’ reactions to the first trailer, but were resolute in trying to resolve the issue rather than shelve the film or release it in its current form.

Moritz said he made an “impassioned speech” to the heads of Paramount and Sega to allow the filmmakers to fix the mistake.

As Moritz recalls, he told executives: “We really screwed up here, but there’s an incredible amount of interest and what we need to do is fix it … We need some more money and we need some more time. If you give that to us, I think we could turn this thing around.”

“I give both Paramount and Sega a lot of credit,” Moritz said. “They said ‘OK.’”

In the redesign, the team brought back Sonic’s iconic white gloves and classic red shoes. They reinfused the character with some of his cartoon roots, and six months after the first trailer, Paramount released a new iteration.

“The fans saw that we were trying to be really genuine in our love for this franchise,” Ascher said, noting that in the wake of the first trailer the team began engaging more with fans and focus groups to drum up feedback and inspiration.

The new trailer was well-received by fans, and three months later “Sonic the Hedgehog” opened to $58 million at the box office. The feature went on to collect $146 million domestically before the pandemic shuttered theaters. Globally, it pulled in $302 million.

The Sonic franchise has continued to thrive in the following years, with each follow-up feature outperforming the last.

“Sonic the Hedgehog 2” snared $190 million domestically and $403 million globally, while “Sonic the Hedgehog 3″ tallied $235 million stateside and $485 million worldwide.

“That’s a big jump,” said Marc Weinstock, Paramount’s president of worldwide marketing and distribution. “I get excited that every new movie does better than the last one, which is rare.”

Following the success of the second “Sonic” film, the studio’s then-president and CEO of Paramount Pictures, Brian Robbins, greenlit a “Knuckles” series based on the franchise for the company’s streaming service, Paramount+, as well as a third Sonic film.

Sonic was becoming multi-platform, much like Robbins and Paramount had done for franchises like “Teenage Mutant Ninja Turtles,” “A Quiet Place,” “Spongebob Squarepants” and “Paw Patrol.”

The “Knuckles” show generated more than 11 million global viewing hours in its first 28 days on Parmount+.

The theatrical success also rocketed Sonic from a $70 million licensing business to one that generates more than $1 billion in retail revenue annually, according to Ivo Gerscovich, Sega’s senior vice president and chief business and brand officer of Sonic the Hedgehog.

“The great thing about Sonic — and the success of Sonic from the very beginning — is that we basically have listened to the fans from day one,” Robbins, now co-CEO of Paramount, said. “The fans are fanatical about this franchise and love this franchise and know this franchise. Because of that, they’ve become really key in shaping the franchise … They evangelize it.”

Fans inspired the casting of Keanu Reeves as Shadow, an archrival of Sonic, in the third Sonic film. And the filmmaking team says it continues to look to fans to inspire which characters it will add to the films and series next.

Ascher and Moritz both teased that the fourth Sonic film with again feature a new fan-favorite character, but said the team will continue to expand the franchise’s universe at a slow pace.

“If all of a sudden we bring every character, they are not going to get the time that the audience needs to understand them and relate to them and really fall in love with them,” Ascher said. “So, as we bring characters in, whether it’s film or it’s TV, the most important thing is that they have a good story that really showcases the character in an incredible way.”

Disclosure: Comcast is the parent company of NBCUniversal and CNBC. NBCUniversal owns Rotten Tomatoes and is the distributor of “The Fast and the Furious” films.

This post appeared first on NBC NEWS

Starbucks announced Tuesday that Nordstrom CFO Cathy Smith will join the company as its new chief financial officer, replacing longtime veteran Rachel Ruggeri.

The executive change is the latest for Starbucks after Brian Niccol joined the company as chief executive in September with the goal of turning around slumping coffee sales.

So far, noteworthy departures during Niccol’s tenure have included the company’s North American CEO, North American president, chief supply officer and the former chair of the board. Meanwhile, many executives with ties to Niccol from his time leading Chipotle Mexican Grill and Yum Brands’ Taco Bell have joined the company.

Smith, 61, joins Starbucks after two years at Nordstrom, which is also based in Seattle and recently announced a $6.25 billion deal to go private. Throughout her decades-long career, Smith has also served as CFO for Bright Health Group, Target, Express Scripts, Walmart International, GameStop, Centex, Kennametal, Textron and Raytheon.

Smith is expected to start next month, Niccol wrote in a letter to employees.

Ruggeri has served as chief financial officer for Starbucks since 2021. Excluding two brief stints at other companies, she has worked at the coffee chain since 2001.

“I’m personally grateful for the partnership we’ve had over the last 6 months since I joined Starbucks,” Niccol said in the letter. “Thank you, Rachel, for all you have done for our business, our culture and our partners.”

Her departure is without cause, the company said in a regulatory filing. Ruggeri will stick around to help with Smith’s transition into the role, according to Niccol.

This post appeared first on NBC NEWS

Japan is fighting a forest fire that has damaged dozens of homes and forced hundreds of residents to evacuate in a northeastern coastal city.

The fire has burned about 2,100 hectares (5,190 acres) of forest in Ofunato since it started Wednesday, according to the Fire and Disaster Management Agency.

The agency said at least 84 homes have been damaged, and over 1,200 people evacuated. The fire has subsided in some areas. More than 2,000 troops and and firefighters have been deployed from across the country.

A man was found dead on a road Thursday, and authorities are examining if the death was linked to the fire, the agency said.

The northeastern regions, including Ofunato, have had their driest winter since 1946, when the Japan Meteorological Agency started collecting data.

This post appeared first on cnn.com