It was 6:29 a.m. when the blasting music stopped without warning. The brief silence that followed was pierced by the screams of a woman somewhere in the crowd in this remote site in the Negev Desert. The woman and hundreds of others were reliving in real time the moment terrorists stormed the Nova Music Festival in southern Israel, marking the first anniversary of ...
The mayor of a crime-ridden city in Mexico has been killed less than a week after taking office, the latest in a string of violent attacks targeting politicians in the country. The killing of Alejandro Arcos, who took office as the mayor of Chilpancingo on October 1, comes just days after the city government’s secretary Francisco Tapia was shot to ...
Bangkok, Thailand (Reuters) — Powerful criminal networks in Southeast Asia extensively use the messaging app Telegram which has enabled a fundamental change in the way organised crime can conduct large-scale illicit activity, the United Nations said in a report on Monday. The report represents the latest allegations to be levied against the controversial encrypted app since France, using a tough new ...
A year into the war in Gaza, the Israeli government’s objective of defeating Hamas still seems far from reach as Israel ramps up its military activity in the enclave with the announcement of new operations and civilian evacuation orders. On Monday, as Israel marked a year since Hamas’ October 7 attacks, Israeli Prime Minister Benjamin Netanyahu vowed to “continue to fight” and achieve the ...
When a Benin City boy like Nigerian Afrobeats sensation Rema rises to global stardom, selling out international shows and recording the first song led by an African-artist to surpass a billion streams on Spotify, what does he do next? He returns home for a victory lap. “I already have the biggest song from Africa. I can continue chasing that or ...
This morning, September nonfarm payrolls soared past expectations, 254,000 vs. 132,500. Adding to the bullishness was the upward revision to August nonfarm payrolls as the prior reading of 142,000 was boosted to 159,000. This is solid news, especially in an environment where the Fed is committed to lowering interest rates. We did see a tick higher in average hourly earnings ...
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It is a bull market for stocks. On the chart below, the S&P 500 SPDR (SPY) recently broke rim resistance of a cup-with-handle pattern and is trading near a 52-week high. The S&P 500 EW ETF (RSP) recorded a new high in late September and is leading the market since July as the bull market broadened. Moreover, over 75% of ...
As a bull market reaches an exhaustion point, market breadth indicators often tend to diverge from the price action of the benchmarks. This “breadth divergence” occurs as leading names begin to falter, and initial selling drives some stocks down to new swing lows. Today, we’ll review three market breadth indicators, outline what tends to happen at the end of a bull ...
After Friday’s stellar jobs report—254,000 jobs added in September vs. the Dow Jones forecast of 15,000—stocks and Treasury yields initially reacted with a big jump. The data confirms the strength of the labor market and the US economy. Let’s not forget, though, that a devastating hurricane ripped through six states, leaving people homeless, isolated, and without power. The hurricane would ...
In this StockCharts TV video, Mary Ellen highlights the continuation rally in AI-related stocks while also reviewing broader market conditions. The move higher in yields as well as volatility were discussed heading into next week’s FOMC notes and inflation data. This video originally premiered October 4, 2024. You can watch it on our dedicated page for Mary Ellen on StockCharts TV. New videos from ...
On the back of one of the major FII selloffs seen in recent times, the markets succumbed to strong corrective pressure through the week and ended on a very weak note. The Nifty 50 remained under selling pressure; at no point in time did it show any intention to stage a technical pullback. While the weakness persisted in all five ...