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At least two people died and 32 others were injured after an iron bridge over a river collapsed at a popular tourist destination in India’s western Maharashtra state, the state’s top elected official said Sunday.

At least six people were rescued and hospitalized in critical condition, Chief Minister Devendra Fadnavis wrote on social media platform X.

The incident occurred in Kundamala area in Pune district, which has witnessed heavy rains over the past few days, giving the river a steady flow, Press Trust of India reported.

It was not raining when the bridge collapsed in an area frequented by picnickers, the news agency reported.

Police said teams of the National Disaster Response Force and other search and recovery units have undertaken rescue operations, Press Trust reported.

Rescue work at the scene has been accelerated, Fadnavis said.

This post appeared first on cnn.com

Fear has been gripping Iranians as Israel vows to continue attacking the Islamic Republic over its nuclear program, with many fleeing the bigger cities, including the capital Tehran, in search of safer areas.

There was chaos as residents ran down to the ground level after smelling smoke from a nearby building that had also been targeted, the resident said. Families with young children struggled to keep them calm.

Unlike Israel, Iran’s capital Tehran doesn’t have modern bomb shelters, so the city must make use of tunnels, basements or older shelters used in the Iran-Iraq war of the 1980s – the last time the country faced such a grave national emergency.

“In Tehran there weren’t any shelters, people went into basements,” the chairman of Tehran’s City Council, Mehdi Chamran, told reporters Sunday, adding that the metro can be used as a shelter “in extreme crisis” but that “we would need to shut the system down.”

The metro in Tehran will be open 24 hours a day starting Sunday night for people to shelter, a government spokesperson announced. Schools and mosques will also be open, she said.

Older people in the building in Saadat Abad were comparing the fear-filled atmosphere to the eight-year-long war with Iraq, which saw Iraqi armed forces invading western Iran along the countries’ joint border, the resident said.

Iranian experts have said that by attacking residential areas in Iran, Israel has “crossed the Rubicon” – or passed the point of no return – and is inviting attacks of the same kind from Tehran.

“We don’t support the Iranian regime, but we are against Israel attacking residential areas and civilians,” said an older male Tehran resident. “If Israel is against Iran’s nuclear program and military capabilities, they should target those areas and not create another situation like what is happening in Gaza.”

Israel has destroyed swathes of the Palestinian territory and displaced almost all of Gaza’s population in its war against Hamas, an Iranian ally.

One family, who didn’t want to be named, decided to leave Tehran with their two small children and their elderly parents. They are worried that the government has housed officials and military leaders within highly populated, upper middle-class neighborhoods – putting civilians at risk.

“I don’t want to leave my home, but I am not going to put my young children in this position,” the father said. “I hope that the US steps in to stop the attacks between both countries.”

In the city of Shiraz, in south-central Iran, long lines for gas have been forming around the city. Residents are also stocking up on food, water, and diapers.

Cars full of families with suitcases and water strapped to the roof have been seen around the city, with many families leaving for the countryside.

Meanwhile, nights have become very quiet in Tehran, residents said. Many shops are closed and many people have either left the city or are too scared to go to work, they said.

Israel’s operation against Iran is expected to take “weeks, not days” and is moving forward with implicit US approval, according to White House and Israeli officials. Israeli Prime Minister Benjamin Netanyahu has vowed to “strike every site and every target of the Ayatollah’s regime,” referring to the country’s Supreme Leader.

The Israeli military on Sunday also issued an “urgent” evacuation warning to Iranians living near weapons production facilities, saying being nearby would endanger their lives.

Netanyahu’s call for Iranian revolt

In a rare direct address to the people of Iran, Netanyahu on Friday urged its citizens to “stand up and let your voices be heard,” after Israel unleashed deadly strikes on its regional foe.

“The time has come for the Iranian people to unite around its flag and its historic legacy, by standing up for your freedom from an evil and oppressive regime,” Netanyahu said in a statement.

The Iranian regime remains unpopular at home, where security forces continue their brutal crackdown on dissidents. Nonetheless, the Israeli leader’s call fell on deaf ears.

Some Iranians expressed anger and asserted they would never cede to Netanyahu’s demands.

“Don’t let the fake news fool you, the reality of what is happening in Iran as an Iranian who has actually lived in Iran, who has their family in Iran, (is that) Israel is in no way helping our people. I don’t need fake news and propaganda speeches,” she added.

Iran has threatened to intensify its own retaliatory attacks if Israel continues hostilities.

Over 200 rocket launches from Iran were reported overnight into Sunday, the Israeli government said, and at least 13 people have been killed in Israel, including three children.

Unofficial tallies published by Iran’s state affiliated media said dozens in the country have been killed and injured in Israeli strikes. Iran’s authorities have yet to declare a death toll.

This post appeared first on cnn.com

Britain’s foreign intelligence service, MI6, will be led by a woman for the first time in its history, UK Prime Minister Keir Starmer has announced.

Blaise Metreweli will take up the position of Chief of the Secret Intelligence Service in the fall. She is currently head of the service’s technology and innovation teams, a position immortalized as “Q” in the James Bond movies.

It was revealed in 2017 that “Q” was a woman – but Metreweli was not named at the time.

Metreweli, a graduate of Oxford University, has previously held senior positions in both the domestic and foreign intelligence services.

Starmer described the appointment as “historic.”

“I know Blaise will continue to provide the excellent leadership needed to defend our county and keep our people safe,” he said in a statement.

Metreweli said she was “proud and honored” to be appointed to the role.

This post appeared first on cnn.com

A 5.6 magnitude earthquake that struck off Peru’s central coast Sunday, rattling Lima and the port city of Callao, has left one person dead and five injured, authorities said.

The earthquake happened at 11:35 a.m. local time in the Pacific Ocean, according to the United States Geological Survey. Its epicenter was located 23 kilometers (14 miles) southwest of Callao, west of the capital Lima.

A 36-year-old man died in northern Lima while “standing outside his vehicle waiting for a passenger” when a wall from the fourth floor of a building under construction detached and fell on his head, Police Col. Ramiro Clauco told RPP radio.

The five people injured are being treated in hospitals, the Emergency Operations Center said. The agency also reported damage to roads and educational centers.

President Dina Boluarte is heading to Callao to monitor developments, the Peruvian presidency said on X.

Footage shared by local media also showed cars hit by falling debris, damaged houses and collapsed billboards.

All of Lima’s districts felt the earthquake, Hernando Tavera, executive president of the Geophysical Institute of Peru, told local TV channel N.

Local radio stations reported that a professional football match at Lima’s Alberto Gallardo Stadium was paused for several minutes.

A mass at Lima’s cathedral was also interrupted, after frightened worshippers fled the scene.

Peru is located along the Ring of Fire, a path along the Pacific Ocean characterized by frequent earthquakes and active volcanoes.

This post appeared first on cnn.com

As an unprecedented Israeli attack on Iran last week sparks a spiraling conflict between the two enemy states, China has seen an opportunity to cast itself as potential peace broker – and an alternative voice to the United States.

Chinese Foreign Minister Wang Yi took up this mission over the weekend, speaking with both his Iranian and Israeli counterparts in separate phone calls, where Wang decried the attack that sparked latest conflict and telegraphed China’s offer to “play a constructive role” in its resolution.

“China explicitly condemns Israel’s violation of Iran’s sovereignty, security and territorial integrity … (and) supports Iran in safeguarding its national sovereignty, defending its legitimate rights and interests,” Wang said in a call Saturday with Iranian Foreign Minister Seyed Abbas Araghchi, according to Beijing’s official readout.

China’s self-described “explicit” opposition to Israel’s attack stands in sharp contrast to the country’s response to Russia’s invasion of Ukraine – which Beijing refused to condemn as it ramped up its close ties with Moscow.

It also underscores the hardening of geopolitical lines that have placed China in opposition to the US across a host of global issues.

Israel launched its aerial attack targeting Iran’s nuclear, missile and military complex early Friday in what Israeli Prime Minister Benjamin Netanyahu said was an operation to “roll back” the Iranian threat to his country’s survival.

Multiple waves of deadly assaults launched by both sides in the days since have seen mounting casualties and raised the risk of a broader regional conflagration that could involve the United States, which has so far only assisted in Israel’s defense against an onslaught on Iranian missiles and drones.

In Beijing’s eyes, all this gives ample reason to be outspoken on a conflict playing out in a part of the world where it has steadily worked to increase its own economic and diplomatic sway, but where experts say its heft as a powerbroker remains limited.

‘Play a constructive role’

For one, as the Trump administration’s “America First” policy has shaken up the US’ traditional position on the international stage, Beijing sees an opportunity to further expand its clout. That’s especially true in the context of countries across the Global South, where Israel has received stark condemnation over its ongoing assault on Gaza.

Beijing is also a key diplomatic and economic backer of Iran and has moved to further deepen collaboration in recent years, including holding joint naval drills, even as it’s sought to balance those ties with its growing relations with countries like Saudi Arabia. Chinese officials long voiced opposition to US sanctions on Iran and criticized the US withdrawal from the 2015 Iran nuclear deal, while accusing Washington of being a source of instability and tensions in the region.

Wang took veiled aim at the US in his call with his Iranian counterpart Saturday, according to the Chinese readout of the call, saying that “China also urges the countries that have influence over Israel to make concrete efforts to restore peace.”

“China is ready to maintain communication with Iran and other relevant parties to continue playing a constructive role in de-escalating the situation,” he added.

Speaking to Israeli Foreign Minsiter Gideon Sa’ar on Saturday, Wang said China “urged both Israel and Iran to resolve differences through dialogue” and added “that China is willing to play a constructive role in supporting these efforts,” a Chinese readout said.

Beijing is unlikely to see benefits from the deepening of tensions in the region, which it relies on for energy and where it has looked to show itself as an emerging powerbroker. For example, it took on a surprise role in facilitating a diplomatic rapprochement between archrivals Saudi Arabia and Iran in 2023.

It’s unclear what role Beijing could play in the resolution of the current conflict, including how much leverage Beijing has over Tehran, even as lawmakers in Washington have warned of a deepening “axis” between China, Iran, Russia and North Korea.

But when it comes to managing the direction of this escalation of an entrenched regional conflict, chances are that players both within the Middle East and the US – which plays a key role in regional security – will ultimately drive that effort.

Trump on Sunday posted on social media that Iran and Israel “will make a deal,” adding that “many calls and meetings” were “now taking place,” without providing details.

But the US president had also suggested another potential leader could have a role to play brokering peace: Vladimir Putin, with whom Trump said he discussed the escalating situation on Saturday.

In an interview with ABC News, Trump said he was open to the Russian leader, whose forces invaded Ukraine and who has resisted a US-brokered ceasefire in that conflict, serving as a mediator – another sign of the warming ties between Washington and Moscow, which maintains close relations with Tehran and has condemned Israel’s attack.

“I would be open to it,” Trump said. Putin “is ready.”

This post appeared first on cnn.com

Procter & Gamble will cut 7,000 jobs, or roughly 15% of its non-manufacturing workforce, as part of a two-year restructuring program.

The layoffs by the consumer goods giant come as President Donald Trump’s tariffs have led a range of companies to hike prices to offset higher costs. The trade tensions have raised concerns about the broader health of the U.S. economy and job market.

P&G CFO Andre Schulten announced the job cuts during a presentation at the Deutsche Bank Consumer Conference on Thursday morning. The company employs 108,000 people worldwide, as of June 30, according to regulatory filings.

P&G faces slowing growth in the U.S., the company’s largest market. In its fiscal third quarter, North American organic sales rose just 1%.

Trump’s tariffs have presented another challenge for P&G, which has said that it plans to raise prices in the next fiscal year, which starts in July. The company expects a 3 cent to 4 cent per share drag on its fiscal fourth-quarter earnings from levies, based on current rates, Schulten said. Looking ahead to fiscal 2026, P&G is projecting a headwind from tariffs of $600 million before taxes.

P&G, which owns Pampers, Tide and Swiffer, is planning a broader effort to reevaluate its portfolio, restructure its supply chain and slim down its corporate organization. Schulten said investors can expect more details, like specific brand and market exits, on the company’s fiscal fourth-quarter earnings call in July.

P&G is projecting that it will incur non-core costs of $1 billion to $1.6 billion before taxes due to the reorganization.

“This restructuring program is an important step toward ensuring our ability to deliver our long-term algorithm over the coming two to three years,” Schulten said. “It does not, however, remove the near-term challenges that we currently face.”

P&G follows other major U.S. employers, including Microsoft and Starbucks, in carrying out significant layoffs this year. As Trump’s tariffs take hold, investors are watching Friday’s nonfarm payrolls report for May for signs of whether the job market has started to slow. While the government reading for April was better than expected, a separate reading this week from ADP showed private sector hiring was weak in May.

Shares of P&G fell more than 1% in morning trading on the news. The stock has fallen 2% so far this year, outstripped by the S&P 500′s gains of more than 1%. P&G has a market cap of $407 billion.

This post appeared first on NBC NEWS

U.S. President Donald Trump said on Friday that concerns over national security risks posed by Nippon Steel’s $14.9 billion bid for U.S. Steel can be resolved if the companies fulfill certain conditions that his administration has laid out, paving the way for the deal’s approval.

Shares of U.S. Steel rose 3.5% on the news in after-the-bell trading as investors bet the deal was close to done. Trump, in an executive order, said conditions for resolving the national security concerns would be laid out in an agreement, without providing details. “I additionally find that the threatened impairment to the national security of the United States arising as a result of the Proposed Transaction can be adequately mitigated if the conditions set forth in section 3 of this order are met,” Trump said in the order, which was released by the White House.

The companies thanked Trump in a news release, saying the agreement includes $11 billion in new investments to be made by 2028 and governance commitments including a golden share to be issued to the U.S. government. They did not detail how much control the golden share would give the U.S. Shares of U.S. Steel had dipped earlier on Friday after a Nippon Steel executive told the Japanese Nikkei newspaper that its planned takeover of U.S. Steel required “a degree of management freedom” to go ahead after Trump earlier had said the U.S. would be in control with a golden share.

The bid, first announced by Nippon Steel in December 2023, has faced opposition from the start. Both Democratic former President Joe Biden and Trump, a Republican, asserted last year that U.S. Steel should remain U.S.-owned, as they sought to woo voters ahead of the presidential election in Pennsylvania, where the company is headquartered.

Biden in January, shortly before leaving office, blocked the deal on national security grounds, prompting lawsuits by the companies, which argued the national security review they received was biased. The Biden White House disputed the charge.

The steel companies saw a new opportunity in the Trump administration, which began on January 20 and opened a fresh 45-day national security review into the proposed merger in April.

But Trump’s public comments, ranging from welcoming a simple “investment” in U.S. Steel by the Japanese firm to floating a minority stake for Nippon Steel, spurred confusion.

At a rally in Pennsylvania on May 30, Trump lauded an agreement between the companies and said Nippon Steel would make a “great partner” for U.S. Steel. But he later told reporters the deal still lacked his final approval, leaving unresolved whether he would allow Nippon Steel to take ownership.

Nippon Steel and the Trump administration asked a U.S. appeals court on June 5 for an eight-day extension of a pause in litigation to give them more time to reach a deal for the Japanese firm. The pause expires Friday, but could be extended.

June 18 is the expiration date of the current acquisition contract between Nippon Steel and U.S. Steel, but the firms could agree to postpone that date

This post appeared first on NBC NEWS

Unlock the power of divergence analysis! Join Dave as he breaks down what a bearish momentum divergence is and why it matters. Throughout this video, Dave illustrates how to confirm (or invalidate) the signal on the S&P500, Nasdaq100, equal‑weighted indexes, semiconductors, and even defensive names like AT&T (T).

This video originally premiered on June 10, 2025. Watch on StockCharts’ dedicated David Keller page!

Previously recorded videos from Dave are available at this link.

Unlock the power of divergence analysis! Join Dave as he breaks down what a bearish momentum divergence is and why it matters. Throughout this video, Dave illustrates how to confirm (or invalidate) the signal on the S&P500, Nasdaq100, equal‑weighted indexes, semiconductors, and even defensive names like AT&T (T).

This video originally premiered on June 10, 2025. Watch on StockCharts’ dedicated David Keller page!

Previously recorded videos from Dave are available at this link.

While the S&P 500 ($SPX) logged a negative reversal on Wednesday, the Cboe Volatility Index ($VIX), Wall Street’s fear gauge, logged a positive reversal. This is pretty typical: when the S&P 500 falls, the VIX rises.

Here’s what makes it interesting: the VIX has quietly crept up in three of the last four days. Before the midday pivot, the VIX hit its lowest level since February 21, 2025. And while that wasn’t the low in February, it was close. As the chart below depicts, back then, the VIX’s intraday low occurred on February 14, 2025, a few days before the SPX topped on February 19.

It wasn’t a screaming sell signal for equities. The S&P 500 was set to follow through on the big cup-with-handle pattern breakout, even though two straight bullish patterns failed in December and January.

Ultimately, the combination of the S&P 500 failing to get much higher than 6,100 and the VIX bouncing near support set the stage for the market rolling over. It was, of course, news-induced, but the market’s character had been changing since December, when breadth first took a major hit.

So, with the VIX closer to that same support zone now than it has been at any time the last few months and the S&P 500 back above 6,000, the pendulum has swung back near the extreme levels where the fireworks began. But there are two major differences now vs. then.

Bullish Patterns Are Working

Bullish patterns weren’t holding up well in December, January, and February (and then again in March). But they are working now.

Let’s not take this for granted. The S&P 500 starts the day with three live bullish patterns, and the index already hit one upside objective (5,840).

Most importantly, the index has extended above the breakout zones of the two biggest ones by 5.4% and 9%, respectively (see charts below). This means it could endure a not-so-small drawdown, and the patterns (and their upside targets) would remain in place. The index had no such cushion in February.

Still No 1% Declines

Since April 21, the S&P 500 has logged just one 1% decline, which now spans 35 trading days. It had 20 over the prior 71 days since January 6, 2025. That’s a rate of 2.8% vs. 28%. We had literally 10 times more 1% declines from January to April 21.

We didn’t see too many 1% losses in the first few weeks of 2025 either (see chart below). But with the index continuously failing at resistance, it just couldn’t leverage the low-volatility environment like it did from late 2023 through late 2024. As described above, in the last two months, the S&P 500 has been capitalizing on breakouts on low two-way volatility.

So, could all of this completely flip again with a massively surprising “unknown unknown” headline? There’s always that risk. And we know about the big collection of sell signals out there (MACD and Demark).

All of this suggests a respite is due. Bulls and bears seem to agree about that. What they don’t agree upon is the severity of that next pullback. There’s no use in trying to predict how far or how damaging it will be, however. As long as the bullish patterns remain intact, the nascent uptrend has a chance to continue in the months to come.

Zooming In: ARKK’s Strong Run

Let’s take a closer look at one of the more popular growth-focused ETFs: ARK Innovation ETF (ARKK). Despite finishing off its highs, ARKK logged its fourth straight gain yesterday and is now up eight of the last nine trading sessions. Over that time, it has fully leveraged the bull flag we mentioned two weeks ago. The target from that pattern is near $67.

ARKK also logged its third straight trading box breakout in the last few days. So, from a short-term pattern perspective, things have continued to work for the stock.

Indicator-wise, ARKK is now officially overbought for the first time since last December. Over the last year, here’s how the ETF has fared after first reaching overbought territory.

Last July, ARKK hit its summer top just a few days after becoming overbought. In November and December (while ARKK’s upswing continued through mid-February), the ETF pulled back to levels below where the relative strength index (RSI) first hit 70 over the ensuing days/weeks both times.

In other words, this is not the best trading setup for new short-term longs. We expect the risk-reward to improve after the next pullback.

ARKK is also approaching the upper threshold of its big two-year trading channel, which could slow things down soon.

The Bottom Line

The S&P 500 is rising slowly and steadily, volatility is still relatively low, and growth plays like ARKK are looking strong, although they may be due for a pullback in the near term. Keep an eye on the chart patterns that are forming and look for investment opportunities on pullbacks.