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Discover the top 10 stock charts to watch this month with Grayson Roze and David Keller, CMT. They break down breakout strategies, moving average setups, and technical analysis strategies using relative strength, momentum, and trend-following indicators. This analysis covers key market trends that could impact your trading decisions. You don’t want to miss these insights into market dynamics and chart patterns that could impact your trading decisions.

This video originally premiered on May 1, 2025. Click on the above image to watch on our dedicated Grayson Roze page on StockCharts TV.

You can view previously recorded videos from Grayson at this link.

President Donald Trump used to refer to Jeff Bezos as “Jeff Bozo.” Now, after more drama between the two men, Trump is calling the Amazon founder a “good guy.”

Amazon’s earnings report, scheduled for Thursday, already had investors on edge due to the president’s sweeping tariffs and the potential impact they’ll have across the tech giant’s numerous businesses. With its stock price down 17% this year, Amazon is expected to report its slowest rate of revenue growth for any period since 2022, and that doesn’t reflect the levies announced in early April.

The tension got amped up early this week.

The White House on Tuesday criticized Amazon for reportedly planning to display on its site how much the new tariffs on top U.S. trading partners are driving up prices for consumers. After the story was published by Punchbowl News, Trump called Bezos to complain.

Amazon swiftly responded and said no such change was coming.

“This was never approved and is not going to happen,” Amazon wrote in a blog post that totaled 31 words.

President Trump frequently hurled insults at Bezos during his firm term in the White House, largely because of the Amazon founder’s ownership of the Washington Post. Bezos has recently gone out of his way to try and mend the relationship, traveling to Washington, D.C., for the inauguration in January.

The president said he was pleased with their latest phone call.

“Jeff Bezos was very nice,” Trump told reporters later on Tuesday. “He was terrific. He solved the problem very quickly and he did the right thing. He’s a good guy.”

Amazon clarified that it was only considering displaying the import fees on products sold on its discount storefront, Amazon Haul, which competes with ultra-cheap Chinese retailer Temu. Products on Haul cost $20 or less and many of them are sold direct from China using the de minimis trade exemption. That loophole is set to go away next month after Trump signed an executive order, making it more expensive to ship those products to the U.S.

The clash with Trump highlights the pressure Amazon is under to blunt the impact of Trump’s aggressive tariffs on Chinese imports, which total 145%. The company faces significant exposure to the tariffs, primarily through its retail unit. Amazon sources some products from China, while many sellers on its third-party marketplace rely on the world’s second-largest economy to make or assemble their products.

The topic of tariffs will hover over Amazon’s first-quarter earnings report. Investors will want to know how higher import costs could impact its margins, and whether uncertainty around the tariffs has caused shoppers to be more cautious with their spending.

For the quarter, Amazon is expected to report earnings per share of $1.37 and revenue of $155.04 billion, according to LSEG, which would represent annual growth of just over 8% and would be the slowest rate of expansion since the second quarter of 2022.

Amazon CEO Andy Jassy told CNBC earlier this month that the company hasn’t seen a drop-off in consumer demand. Amazon is “going to try and do everything we can” to keep prices low for shoppers, including renegotiating terms with some of its suppliers, Jassy said. But he acknowledged some third-party sellers will “need to pass that cost” of tariffs on to consumers.

Analysts at UBS said in a note to clients on Tuesday that at least 50% of items sold on Amazon are subject to Trump’s tariffs and could become more expensive as a result.

“Consumers therefore might have to make more difficult choices on where to allocate their dollars,” wrote the analysts, who have a buy rating on Amazon shares.

Amazon has reportedly pressured some of its suppliers to cut prices to shrink the impact of Trump’s tariffs, according to the Financial Times.

Some sellers have already raised prices and cut back on advertising spend as they contend with higher import costs. Others are looking to secure new suppliers in countries like Vietnam, Mexico and India, where tariffs are increasing under Trump, but are mild compared with the levies imposed on goods from China.

Temu and rival discount app Shein implemented price hikes on many items last week. Temu has since added “import charges” ranging between 130% and 150% on some products.

Wall Street will likely be focused on Amazon’s commentary surrounding business conditions going forward. The third quarter will include the results of Amazon’s Prime Day shopping event, typically held in July across two days. Amazon sellers previously told CNBC they may run fewer deals for this year’s Prime Day to conserve inventory or because they can’t afford to mark down products any further.

Bank of America analysts said in a note to clients this week that it sees the potential for Amazon to give a “wider guidance range” in its earnings report on Thursday, “though the impact may be bigger in the third quarter.”

Analysts at Oppenheimer said investors are “highly uncertain” as to the impact of tariffs on Amazon’s e-commerce business. The firm has an outperform rating on Amazon’s stock.

“We are assuming Q3 is the quarter most impacted as sellers should still have pre-tariff inventory through May and therefore don’t need to raise prices yet,” the analysts wrote.

Amazon didn’t provide a comment beyond its short statement on Tuesday.

This post appeared first on NBC NEWS

McDonald’s reported its worst quarterly sales for the United States since the height of the pandemic in 2020, the latest restaurant chain to be affected by America’s turbulent economic environment.

The burger giant reported U.S. same-store sales fell 3.6%, the largest three-month drop since Q2 2020, when they plunged 8.7%. Forecasts had been for a decline of just 1.7%.

‘Consumers today are grappling with uncertainty,’ McDonald’s Chairman and CEO Chris Kempczinski said in a statement, as the chain cited lower guest counts.

In a follow-up call with investors, McDonald’s executives said that traffic among middle-income diners fell by ‘nearly double digits’ alongside an ongoing drop-off among low-income ones. As an example, they said more people appear to be skipping breakfast entirely to cut back on spending, or eating breakfast at home.

‘People are just visiting less,’ they said.

High-income traffic, meanwhile, remained stable, they said.

That reflects the economy writ large: While less-well-off consumers rein in transactions to focus on essentials, wealthy consumers continue to spend freely.

McDonald’s is the latest restaurant chain to report weak financial results amid signs that consumers are pulling back on discretionary spending. Chipotle, Domino’s, Pizza Hut, Shake Shack and Starbucks all saw slowing or declining sales in their quarter, with many citing particular weakness among lower-income consumers.

McDonald’s also reported revenues that missed forecasts for the third time in four quarters.

The more volatile economic environment that’s been accelerated by President Donald Trump’s tariffs policies is also being felt abroad.

On the call, company officials said that while the McDonald’s brand hadn’t been affected by worsening perceptions of the U.S. by overseas consumers, its internal surveys had picked up a notable uptick in anti-American sentiment, particularly among diners in northern Europe and Canada.

‘We have seen … an increase in people in various markets saying they’re going to be cutting back on purchases of American brands,’ they said.

It nevertheless maintained its full-year financial outlook, including plans to open 2,200 locations, which it said should help boost sales growth by slightly more than 2%. It said a promotional tie-in with the ‘Minecraft Movie’ had been a hit, and that its refreshed value offerings continued to position it strongly compared with competitors.

Still, officials said on the call that they remained “cautious about consumer sentiment.”

Shares fell 1.6% in early trading.

This post appeared first on NBC NEWS

Shares of Tesla were flat in premarket trading Thursday after the EV maker denied a Wall Street Journal report that its board was searching for a replacement for chief executive Elon Musk.

The report, citing comments from sources familiar with the discussions, said that Tesla’s board members reached out to several executive search firms to work on a formal process for finding the company’s next CEO. Shares of Tesla fell as much as 3% in overnight trading on trading platform Robinhood following the news, before paring losses.

Tesla chair Robyn Denholm wrote on the social media platform X that the report was “absolutely false.”

“Earlier today, there was a media report erroneously claiming that the Tesla Board had contacted recruitment firms to initiate a CEO search at the company,” she wrote.

Elon Musk during a Cabinet meeting at the White House on Wednesday.Evan Vucci / AP

“This is absolutely false (and this was communicated to the media before the report was published). The CEO of Tesla is Elon Musk and the Board is highly confident in his ability to continue executing on the exciting growth plan ahead.”It comes after a sharp drop in the electric vehicle giant’s sales and profits, with its top and bottom lines missing estimates in the first quarter. Musk has admitted that his involvement with the Trump administration could be hurting the automaker’s stock price.

The mega-billionaire said on a Tesla earnings call last week that he plans to spend just a “day or two per week” running the so-called Department of Government Efficiency beginning in May.Tesla’s total revenue slipped 9% year-on-year to hit $19.34 billion in the January-March quarter. This falls short of the $21.11 billion forecast by analysts, LSEG data shows.

Revenue from its automotive segment declined 20% year-on-year to $14 billion, as the company needed to update lines at its four vehicle factories to start making a refreshed version of its popular Model Y SUV. Tesla also attributed the decline to lower average selling prices and sales incentives as a drag on revenue and profit.

Its net income plunged 71% to $409 million, or 12 cents a share, from $1.39 billion or 41 cents a year ago.

Since the start of the year, its shares have plunged over 30%.

This post appeared first on NBC NEWS

Tech is saving Hollywood — though not in the way you might think.

Back in 2022, e-commerce giant and relative upstart movie studio Amazon promised to spend around $1 billion each year on theatrical releases, a figure that would fund between 12 and 15 films annually. Today, it appears ready to deliver.

Earlier this month, the company, which operates the streaming platform Prime Video and recently acquired MGM studios, took the stage at CinemaCon in Las Vegas to tout its line-up of movies made just for the big screen.

Amazon’s inaugural presentation at the annual convention of Cinema United — previously known as the National Association of Theatre Owners — wowed exhibitors, marketers and media in attendance with flashy trailers and first-look footage from upcoming films like “Project Hail Mary,” “After the Hunt” and “Verity.”

It also brought some star power with the likes of Ryan Gosling, Andrew Garfield, Julia Roberts, Chris Pratt, Chris Hemsworth, Hugh Jackman and Michael B. Jordan set to headline these cinematic releases.

“I thought the presentation was incredible,” said Brock Bagby, president and chief content, programming and development officer at B&B Theatres. “For their first year out, they pulled out all the stops.”

While the studio won’t have a full slate of more than a dozen films until 2026, it has steadily invested in theatrical content over the last few years. Amazon had one wide release, a film that played in more than 2,000 theaters, in 2023 and five in 2024. This year Amazon has only four wide releases on the calendar so far, but the company is slated to have 14 in 2026 and 16 in 2027.

This surge of theatrical content is just what the domestic box office needs. While blockbuster franchise films have been abundant in the wake of the pandemic, the overall number of wide releases has shrunk over the last decade. Even before Covid and dual Hollywood labor strikes slowed production down, Hollywood was making fewer and fewer movies each year, according to data from Comscore. 

Mid-budget movies — often in the drama, comedy and romantic comedy genres — began disappearing in the mid-2010s as studios sought to invest in bigger budget franchise flicks that could result in higher profits. The comparatively lower-budget films have since been predominantly redirected to streaming platforms in an effort to stock these services with more affordable content. 

Analysts project that the domestic box office has lost around $1 billion each year in total ticket sales as a result of that shift.

At the same time that studios were altering their film slates, movie houses were merging. The most recent union between the Walt Disney Company and 20th Century Fox, first announced in 2017 and finalized in early 2019, resulted in the loss of between 10 and 15 film releases annually, according to data from Comscore.

In 2015, 20th Century Fox released 17 films. After its acquisition, the pandemic and the strikes, it has released fewer than a half dozen titles each year.

“With consolidation in the past of some of the studios, the output numbers have decreased over the past few years, and with fewer releases there is less potential for box office and concession sales,” said Paul Dergarabedian, senior media analyst at Comscore. “More importantly movie theaters need new films to draw customers into their auditoriums.”

Amazon’s commitment to theatrical, alongside the emergence of smaller studios like Neon and A24, should help to close the gap left by 20th Century Fox’s acquisition.

“They’ve filled the gap that we’re missing from Fox, which is so exciting, and it looks like a similar slate to Fox, where there’s a few big titles, but a lot of that mid-range,” Bagby said.

What industry experts have discovered is that the strength of the box office doesn’t just rely on the success of franchise films — superhero flicks, big-budget action fare and the like — but also on the sheer volume and diversity of content.

There is a direct correlation between the number of theatrical releases and the strength of the overall box office. During the pandemic, the decline in box office ticket sales largely tracked nearly in lock step with the percentage decline in film releases.

“The number of movies being released continues to trend in the right direction,” said Michael O’Leary, CEO of Cinema United. “When considering wide releases at 2,000 or more locations, we saw 94 last year, but we expect at least 110 in 2025. Beyond that, distributors have secured release dates as far out as 2028 for movies with plenty of commercial potential.”

This post appeared first on NBC NEWS

Venezuela is demanding that a 2-year-old girl be returned to her family after the United States deported her parents and kept the toddler in government custody.

The Venezuelan foreign ministry on Monday accused the US of “kidnapping” Maikelys Antonella Espinoza Bernal, saying she was separated from her mother as she was boarding a deportation flight back to Venezuela.

It also said the girl’s father, Maiker Espinoza-Escalona, had been deported earlier by the US to a notorious prison in El Salvador.

“(The US) once again committed the extremely serious offense of separating families and removing a minor from her emotional environment and, in particular, from her biological mother,” read a statement from the Venezuelan government on Monday.

The US Department of Homeland Security (DHS) denied it kidnapped the girl, arguing it was trying to protect her from her parents, whom it accused without evidence of being part of Tren de Aragua (TDA), a Venezuelan gang the US has designated a terror organization.

In a Saturday statement, DHS said the toddler was removed from a deportation flight list “for her safety and welfare.” She remains in the custody of the Office of Refugee Resettlement (ORR) and has been placed with a foster family, it added.

The toddler is one of several children to have been affected by the Trump administration’s immigration crackdown. Last week, three US citizen children — including a 4-year-old with metastatic cancer — were taken to Honduras with their undocumented mothers as the women were deported by Immigration and Customs Enforcement. White House border czar Tom Homan said the US removed the children because their mothers “requested” they stay with them rather than remain in the country.

It’s unclear if Maikelys’ mother was given the choice to be deported with her daughter.

A family separated

The toddler and her parents entered the US in May 2024 to seek asylum, according to a court document filed by legal advocacy groups.

On March 29, Maiker was sent to a naval base in Guantanamo Bay, Cuba, where DHS has transferred migrants, according to court documents filed by his lawyers.

They said he was flown the following day to El Salvador’s notorious Cecot mega-prison, which the US is using to detain hundreds of Venezuelan migrants it accuses of being violent gang members, though it hasn’t provided strong evidence to back that claim.

The toddler’s mother was deported soon after Maiker was sent to El Salvador. She was forced to return to her country on a flight without her 2-year-old child, Venezuela said.

The girl was kept in ORR custody, with DHS saying, “We will not allow this child to be abused and continue to be exposed to criminal activity that endangers her safety.”

Without providing evidence, it alleged in Saturday’s statement that the father was a TDA lieutenant who oversaw various crimes including homicides and trafficking, and that the mother oversaw the recruitment of young women for drug smuggling and prostitution.

Rising anger in Venezuela

Venezuela accused the US of violating international law and said it would take all legal and diplomatic measures to secure the girl’s return.

Its government demanded the “immediate release” of the child and “that the rule of law and the basic rights of our little girl be restored.”

It cited the UN Convention on the Rights of the Child, which states in part that children should not be separated from their parents against their will unless such separation is necessary for the best interests of the child. The US has signed the convention but has not ratified it.

Venezuelan President Nicolás Maduro insists the US is unjustly holding the child. He announced that a march intended for International Workers’ Day on May 1 would become a rally to demand her release.

“I ask for the full support of the Venezuelan people in the effort we are going to make to rescue this kidnapped girl and to bring back safe and sound — sooner rather than later — the 252 Venezuelans kidnapped in El Salvador,” he said in Caracas Monday, referring to the Venezuelan migrants the US has deported to the Salvadoran prison.

This post appeared first on cnn.com

Syria strongly condemned foreign intervention in the country following a rare Israeli strike near Damascus on Wednesday amid deadly sectarian violence.

Syria said the Israeli strike killed at least one security officer and injured several other people.

Earlier on Wednesday Israel’s military said it had carried out a strike on the outskirts of the Syrian capital saying it was targeting an “extremist group” that had attacked the Druze community, a religious minority in the country.

In a joint statement on Wednesday, Israel’s Prime Minister Benjamin Netanyahu and Defense Minister Israel Katz said the operation in the town of Sahnaya, southwest of Damascus, was a “warning action” against an unidentified armed group “preparing to continue attacking the Druze population.”

Syria’s foreign ministry reacted saying it had an “unwavering commitment” to protecting all Syrian people, including the “honorable Druze community.”

According to Syria’s state news agency SANA, Syrian government forces launched a wide-scale operation in the area surrounding Sahnaya to arrest “outlawed gangs” after an unidentified armed group attacked a Syrian government checkpoint late Tuesday, wounding three officers.

Other groups simultaneously opened fire on civilian and security vehicles in nearby areas. Recent violence left at least 11 people dead and dozens injured.

Syria’s top Muslim cleric Osama al-Rifai has called on all Syrians to keep calm and not escalate the situation.

“Everyone must… stay away from calls for revenge and retaliation, and allow justice to take its course,” Rifai said regarding the “recent events,” in Sahnaya,in a statement on Wednesday as cited by SANA.

Since the fall of the Bashar Al Assad regime, Israel has positioned itself as the protector of Syria’s Druze, an Arab community that follows an offshoot of Islam and is predominantly present across Syria, Lebanon and Israel. Wary of a new regime led by former jihadists, a small minority of Druze have welcomed Israel’s overtures, but many others have publicly denounced them.

A sizeable number of Druze live within Israel’s internationally recognized borders, have Israeli citizenship and serve in its military. A large Syrian-Druze population is also present in the Israeli-occupied Golan Heights and most have rejected Israeli citizenship and do not traditionally serve in the Israeli military. Within Syria, many Druze live in the south of the country, parts of which Israel declared a buffer zone after Assad’s fall.

“On this Memorial Day for Israel’s fallen soldiers, as we honor the Druze community’s contribution to Israel’s security, we stress our commitment to protect their brethren in Syria,” the joint statement added.

Israeli officials also urged the Syrian government to prevent harm to the Druze community.

On Wednesday evening, the Israeli military said that three Syrian Druze citizens were evacuated into Israel for medical treatment after they were injured in Syria.

The United Nations Special Envoy for Syria, Geir Pedersen has expressed his deep concern “at unacceptable violence in Syria especially in suburbs of Damascus,” and ” alarmed at reports of Israeli attacks,” in a statement on Wednesday

” These attacks must stop,” Pedersen said and called for “full respect of Syria’s sovereignty.”

This post appeared first on cnn.com

China restated its case that Covid-19 may have originated in the United States in a white paper on its pandemic response released on Wednesday, after President Donald Trump’s administration blamed a lab leak in China.

The White House launched a Covid-19 website on April 18 in which it said the coronavirus came from a lab leak in China while criticizing former President Joe Biden, former top US health official Anthony Fauci and the World Health Organization (WHO).

In the white paper, released by the official Xinhua news agency, China accused the US of politicizing the matter of the origins of Covid-19. It cited a Missouri lawsuit which resulted in a $24 billion ruling against China for hoarding protective medical equipment and covering up the outbreak.

China shared relevant information with the WHO and the international community in a timely manner, the white paper said, emphasizing that a joint study by the WHO and China had concluded that a lab leak was “extremely unlikely.”

The US should not continue to “pretend to be deaf and dumb,” but should respond to the legitimate concerns of the international community, the white paper said.

“Substantial evidence suggested the Covid-19 might have emerged in the United States earlier than its officially-claimed timeline, and earlier than the outbreak in China,” it said.

The CIA said in January the pandemic was more likely to have emerged from a lab in China than from nature, after the agency had for years said it could not reach a conclusion on the matter. It said it had “low confidence” in its new assessment and noted that both lab origin and natural origin remain plausible.

An official at China’s National Health Commission said the next step in origin-tracing work should focus on the US, according to Xinhua, which cited a statement about the white paper.

This post appeared first on cnn.com

Kenya’s police have said the fatal shooting of a lawmaker by a gunman aboard a motorcycle in the capital Nairobi on Wednesday evening appeared to be targeted and premeditated.

Charles Were, a member of parliament representing Kasipul constituency in Kenya’s west, was shot dead at around 7:30 p.m. (11.30 a.m. ET) when his vehicle was stopped at a traffic light on Ngong Road, police said in a statement released late on Wednesday.

According to witnesses, the shooter was riding as a passenger on a motorcycle that stopped alongside the car, police said.

“The pillion passenger approached the vehicle and fired shots at the passenger side before jumping back onto the motorcycle and speeding away,” police said. “The nature of this crime appears to be both targeted and premeditated.”

Political assassinations are unusual in Kenya, a relatively stable country in a region that has experienced several civil conflicts in recent years.

Were was a member of the opposition ODM party led by veteran politician Raila Odinga, who lost to William Ruto in the last election in 2022.

“Were is no more; mercilessly and in cold blood, gunned down by an assassin in Nairobi this evening,” Odinga wrote on X.

Odinga rejected the 2022 election result, alleging irregularities, but Odinga and some of his allies have since struck agreements to work with Ruto to address Kenya’s economic and political challenges.

This post appeared first on cnn.com

The United States and Ukraine have signed an “economic partnership agreement” that will give Washington access to Kyiv’s rare earth minerals in exchange for establishing an investment fund in Ukraine.

The US and Ukraine have been trying to hammer out the natural resources agreement since US President Donald Trump returned to the White House in January.

The deal comes after weeks of intense negotiations that at times turned bitter and temporarily derailed Washington’s aid to Ukraine.

Speaking Wednesday in a call with NewsNation, Trump said he told Ukrainian President Volodymyr Zelensky during their weekend meeting on the sidelines of Pope Francis’ funeral that “it’s a very good thing” if he signed the deal because “Russia is much bigger and much stronger.”

Trump said he made the deal to “protect” Washington’s contribution to the Ukrainian war effort.

“We made a deal today where we get, you know, much more in theory, than the $350 billion but I wanted to be protected,” Trump told NewsNation. “I didn’t want to be out there and look foolish.”

The actual total contribution the US has made to Ukraine is closer to $123 billion since Russia invaded in February 2022.

The US Treasury Department on Wednesday announced that both countries signed the agreement. “As the President has said, the United States is committed to helping facilitate the end of this cruel and senseless war,” Treasury Secretary Scott Bessent said in a statement.

“This agreement signals clearly to Russia that the Trump Administration is committed to a peace process centered on a free, sovereign, and prosperous Ukraine over the long term,” Bessent said. “And to be clear, no state or person who financed or supplied the Russian war machine will be allowed to benefit from the reconstruction of Ukraine.”

Ukraine’s Economy Minister Yulia Svyrydenko was in Washington to sign on behalf of the Ukrainian government

Among the terms of the agreement are “full ownership and control” staying with Ukraine, she posted to X on Wednesday.

“All resources on our territory and in territorial waters belong to Ukraine,” she said, adding: “It is the Ukrainian state that determines what and where to extract. Subsoil remains under Ukrainian ownership — this is clearly established in the Agreement.”

The signing comes hours after a last-minute disagreement over which documents to sign Wednesday threatened to derail the deal.

Ukraine’s President Volodymyr Zelensky was expected to strike the deal during his trip to Washington in February – but the agreement was left unsigned when that visit was cut short following the contentious Oval Office meeting.

Previous sticking points

Among the key sticking point of the negotiations was the question of security guarantees – and whether the US would provide them as part of the deal. Trump initially refused that, saying he wants Ukraine to sign the agreement first and talk about guarantees later.

At that time, Zelensky described the draft agreement as asking him to “sell” his country. Ukrainian officials have since indicated they believed that US investment and the presence of American companies in Ukraine will make the US more interested in Ukraine’s security.

Shortly after the doomed White House visit, Trump ordered US aid to Ukraine to be suspended. While the assistance has since been restored, the episode became a major wakeup call for Ukraine’s European allies, who have pledged to step up their help to the country.

Trump has largely billed the agreement as Ukraine “paying back” for the aid the US has provided to Ukraine since Russia launched its unprovoked full-scale invasion of the country in February 2022.

Speaking to Fox News Wednesday, Bessent said the deal is “a signal to the American people, that we have a chance to participate, get some of the funding and the weapons, compensation for those.”

The details of the agreement have not been made public. However, Ukraine’s Prime Minister Denys Shmyhal said on Sunday that the deal “will not include assistance provided before its signing.”

Speaking on Wednesday, Shmyhal described the deal as “a strategic agreement on the establishment of an investment partnership fund.”

“It is truly an equal and beneficial international agreement on joint investments in the development and recovery of Ukraine between the US and Ukrainian governments,” he added.

Under the deal, the US and Ukraine will create a joint investment fund in Ukraine with an equal contributions from both and equal distribution of management shares between them, Shmyhal said.

“The American side may also count new, I emphasize new, military aid to Ukraine as a contribution to this fund,” Shmyhal said.

Mineral riches

Kyiv’s allies have long eyed the country’s mineral riches. Ukraine has deposits of 22 of the 50 materials classed as critical by the US Geological Survey.

These include rare earth minerals and other materials that are critical to the production of electronics, clean energy technologies and some weapon systems.

The global production of rare earth minerals and other strategically important materials has long been dominated by China, leaving Western countries desperate for other alternative sources – including Ukraine.

A memorandum of understanding prepared under the Biden administration last year said the US would promote investment opportunities in Ukraine’s mining projects to American companies in exchange for Kyiv creating economic incentives and implementing good business and environmental practices.

Ukraine already has a similar agreement with the European Union, signed in 2021.

This story has been updated with developments.

This post appeared first on cnn.com