Author

admin

Browsing

Russia’s use of a nuclear-capable ballistic missile on Thursday is the latest escalation in the Ukraine war.

It also marks a decisive, and potentially dangerous moment in Moscow’s conflict with the West.

The use of what Vladimir Putin said was a ballistic missile with multiple warheads in offensive combat is a clear departure from decades of the Cold War doctrine of deterrence.

Ballistic missiles with multiple warheads, known as “multiple independently targeted reentry vehicles,” or MIRVs, have never been used to strike an enemy, experts say.

“To my knowledge, yes, it’s the first time MIRV has been used in combat,” Hans Kristensen, the director of the Nuclear Information Project at the Federation of American Scientists, said.

Ballistic missiles have been the underpinning of deterrence, offering what is known as “mutual assured destruction,” or MAD, in the nuclear age.

The thinking is, if even a few missiles survive a nuclear first strike, there will be enough firepower left in the opponent’s arsenal to wipe out several major cities of the aggressor, therefore ensuring neither side is unable to escape the consequences of nuclear actions.

In that vein, ballistic missiles were designed to stand sentinel over a future where nuclear arms would never again be fired in anger.

But analysts, including Kristensen, argue that MIRVed missiles may invite, rather than deter, a first strike.

The highly destructive capacity of MIRVs means that they are both potential first-strike weapons and first-strike targets, Kristensen and colleague Matt Korda at the Federation of American Scientists wrote in a study published in March.

That’s because, it’s easier to destroy multiple warheads before they are launched, than try to shoot them down as they are dropping at hypersonic speed on their targets.

And according to a recent posting from the Union of Concerned Scientists, a US-based nonprofit science advocacy organization, this creates a “use them or lose them” type scenario — an incentive to strike first in a time of crisis. “Otherwise, a first strike attack that destroyed a country’s MIRVed missiles would disproportionately damage that country’s ability to retaliate,” said the posting.

Videos of Thursday’s Russian strike showed the multiple warheads falling at different angles on the target, and each warhead would need to be defeated with an anti-missile rocket, a daunting prospect even for the best air defense systems.

And while the warheads dropped on the Ukrainian city of Dnipro on Thursday were not nuclear, their use in conventional combat operations is certain to raise new uncertainty in a world already on edge.

Importantly, Russia alerted the United States to the use of the missile fired Thursday beforehand. But even with that advanced warning, any further launches by Putin’s regime will now inevitably ratchet up fears across Europe, with many asking the question: Has deterrence just died?

The world MIRVs

It is not only Russia and the United States that have MIRV technology. China has it on its intercontinental ballistic missiles, according to the Center for Arms Control and Non-proliferation, and the United Kingdom and France, along with Russia and the US, have long had MIRV technology on their submarine-launched ballistic missiles.

And there are new players in the MIRV game, too. Pakistan reportedly tested a missile with multiple warheads in 2017, and earlier this year India said it had successfully tested a MIRVed ICBM.

Analysts worry about land-based MIRVs more than those on subs. That’s because subs are stealthy and hard to detect. Land-based missiles, especially those in stationary silos, are more easily found and therefore are more tempting targets.

In their March report, Kristensen and Korda wrote about the perils of the expanding MIRV club, calling it “a sign of a larger worrisome trend in worldwide nuclear arsenals” and an “emerging nuclear arms race.”

India proclaimed MIRV success during a test the same month was just one warning sign, they wrote.

“It follows China’s deployment of MIRVs on some of its DF-5 ICBMs, Pakistan’s apparent pursuit of MIRVs for its Ababeel medium-range missile, North Korea may also be pursuing MIRV technology, and the United Kingdom has decided to increase its nuclear stockpile to enable it to deploy more warheads on its submarine-launched missiles,” Kristensen and Korda wrote.

They argue that more MIRV warheads in a range of county’s arsenals “would dramatically reduce crisis stability by incentivizing leaders to launch their nuclear weapons quickly in a crisis.”

“A world in which nearly all nuclear-armed countries deploy significant MIRV capability looks far more dangerous than our current geostrategic environment,” they said.

This post appeared first on cnn.com

Iran announced Friday it was activating new advanced centrifuges – which enrich uranium for the country’s nuclear program – after the United Nations’ nuclear watchdog criticized the country for not cooperating with the agency.

Iran will activate “a noticeable number of new and advanced centrifuges of different types,” state news agency IRNA reported, citing a joint statement from Iran’s foreign ministry and its Atomic Energy Organization.

“The steps are being taken to protect the country’s interests and further develop the peaceful nuclear energy,” in line with national needs and within Iran’s rights, the statement said according to IRNA.

Injecting gas into centrifuges is part of the process to enrich uranium, which could ultimately be used to develop a nuclear weapon, though Iran has repeatedly denied it has any ambitions of building a bomb.

The move was in response to the UN’s International Atomic Energy Agency (IAEA), whose board passed a resolution Thursday ordering Iran to urgently improve its cooperation with the agency, according to Reuters. The IAEA and Iran have long tussled over various issues, including traces of uranium found at locations that have not been declared nuclear sites.

On Thursday, the IAEA board also asked the agency to compile an assessment of whether Iran had possible undeclared nuclear material, and of its cooperation with the organization.

Iran decried the resolution, claiming in the joint statement that it was politically motivated, IRNA reported. The statement added that Iran would continue its technical and safeguards cooperation with the IAEA as previously agreed.

In a statement Thursday, Iran’s foreign ministry claimed the resolution was made “under pressure and insistence from three European countries and the US,” and warned it could trigger “an appropriate response from Iran.”

Iran maintains its nuclear program is for peaceful purposes only. But IAEA chief Rafael Mariano Grossi has previously warned that Tehran has enough uranium enriched to near-weapons-grade levels to make “several” nuclear bombs if it chose to do so.

He has acknowledged the UN agency cannot guarantee that none of Iran’s centrifuges may have been peeled away for clandestine enrichment.

Israel Defense Minister Gideon Sa’ar also praised the IAEA’s resolution, writing on X that “Iran’s nuclear race must be stopped.” The resolution “is a significant part of the diplomatic effort to prevent Iran from acquiring nuclear weapons,” Sa’ar wrote.

Under the terms of the nuclear deal struck in 2015, Iran was limited to operating around 5,000 older-model centrifuges, and the nation was allowed to use advance centrifuges for research purposes only.

But Tehran gradually scaled back its commitments to the nuclear deal after then-President Donald Trump withdrew from the pact in 2018 and reimposed economic sanctions on Iran, which crippled its economy. By 2019, Iran was launching new centrifuges in a major break from the deal.

Earlier this year, US Secretary of State Antony Blinken said that Iran’s breakout time – the amount of time needed to produce enough weapons grade material for a nuclear weapon – “is now probably one or two weeks,” the shortest breakout time that US officials have ever referenced.

This post appeared first on cnn.com

McDonald’s is preparing 2025 value offerings in a bid to hang onto customers who are fed up with high costs at restaurants.

The company is working on a new “McValue” approach for next year that involves keeping the $5 value meal offer it launched this summer on the menu for the first half of the year, along with introducing a “buy one add one” option for $1 more, CNBC has learned. The “buy one add one” offer includes a double cheeseburger; McChicken sandwich; 6 piece chicken nuggets and small fry; or breakfast options of a Sausage McMuffin, sausage biscuit or sausage burrito and a hash brown, according to a person familiar with the matter.

Local value offerings have been on menus across the country and in the app as of late, including 10 piece nuggets for $1, among other deals, as a part of the broader value strategy.

While operators are still voting on the 2025 value offerings, the initiative looks likely to pass, two people familiar with the matter said. McDonald’s declined to comment.

In its most recent quarter, McDonald’s reported earnings and revenue that topped expectations, but saw its same-store sales fall globally by 1.5%. Sales rose 0.3% in the U.S., slightly weaker than anticipated by analysts.

On the earnings call, executives said they were working to solidify a 2025 value platform to launch in the first quarter of the year.

“You need, at the foundation, to have a strong value proposition. And that’s been the focus for us in a number of our markets, either strengthening, adding to, adjusting our value programs so we have that good foundation,” CEO Chris Kempczinski said on a call with analysts.

“You need to then overlay on top of that food news that can excite the customer, and you have to have great marketing behind it. And when you do that with news and great marketing, you can get strong full margin check that goes along with some of those value programs,” he said.

But a recent outbreak of E. coli tied to McDonald’s slivered onions dented traffic in October, executives said, which will fall into the fourth-quarter earnings cycle.

The fast-food giant will invest more than $100 million to boost restaurant sales and speed up the recovery at affected franchisees, CNBC reported Friday.

Of that total, $65 million will be invested into supporting owners who have lost business, targeting those in the hardest-hit states. Approximately $35 million will be invested in traffic-driving programs, including marketing efforts, according to a memo to owners and employees viewed by CNBC. 

This post appeared first on NBC NEWS

U.S. prosecutors have charged Gautam Adani, India’s second-richest person, with fraud over accusations that he and several alleged co-conspirators sought to pay $250 million in bribes to Indian officials.

The U.S. attorney’s office in Brooklyn, New York, accused the executives, most of them Indian, on Wednesday of obtaining funds from investors in the U.S. and other international lenders “on the basis of false and misleading statements” while, authorities say, they bribed Indian officials as they sought billions in solar power contracts.

“The defendants orchestrated an elaborate scheme to bribe Indian government officials to secure contracts worth billions of dollars,” U.S. Attorney Breon Peace said in a release accompanying the indictment. The defendants then “lied about the bribery scheme as they sought to raise capital from U.S. and international investors,” Peace said.

The scheme, according to prosecutors, occurred from 2020 to this year.

Sagar Adani, Adani’s nephew, is also named as a defendant. The Securities and Exchange Commission separately announced charges of civil fraud Wednesday.

Gautam Adani, 62, who is worth about $70 billion, according to Forbes, heads Adani Group, an industrial conglomerate that holds stakes in logistics and energy units. Adani Group itself is not named in the indictment, which refers to an unnamed “Indian renewable-energy company” that was “a portfolio company of an Indian conglomerate.”

The SEC complaint, meanwhile, directly names Adani Green Energy Ltd., a unit of Adani Group.

In a statement on Thursday, Adani Group denied the allegations, calling them “baseless.”

“The Adani Group has always upheld and is steadfastly committed to maintaining the highest standards of governance, transparency and regulatory compliance across all jurisdictions of its operations,” a spokesperson said in a statement. “We assure our stakeholders, partners and employees that we are a law-abiding organization, fully compliant with all laws.”

The news sent shares of Adani Group companies plunging in India on Thursday, CNBC reported. Its flagship Adani Enterprises fell 23%, while Adani Energy fell 20%. Adani Green Energy, the company at the center of the bribery allegations, was down 18.95%.

Adani Green Energy also canceled plans to sell $600 million in U.S. dollar-denominated bonds.

India’s opposition party has accused Adani of benefiting from his strong ties to Indian Prime Minister Narendra Modi.

“We know that there is going to be no government institution that is going to help put Mr. Adani where he belongs,” Rahul Gandhi, leader of the Indian National Congress, said Thursday. “We know that because the entire government is controlled by the prime minister.”

Last year, a prominent U.S. short-seller, or a firm that bets on the price of another company’s stock to fall, accused Adani Group of fraud, highlighting alleged discrepancies in its official filings.

The findings from the short-seller, Hindenburg Research, caused Adani Group shares to tumble — but they ended up recovering following a favorable ruling related to the allegations by India’s Supreme Court.

Modi never commented publicly on the Hindenburg allegations.

“Since releasing our January 2023 report identifying Adani as the largest corporate con in history, we have never wavered in our view,” Hindenburg said in an emailed statement on Wednesday, “nor has Adani ever refuted our findings.”

This post appeared first on NBC NEWS

Institutional investors tend to focus heavily on relative strength; after all, this is essentially how they are evaluated in their performance as money managers! In this article, let’s review three ways to analyze relative strength and what these charts are telling us about sector rotation as we progress through Q4.

Relative Strength Trends Show Clear Winners in Q4

I like to group the 11 S&P 500 sectors into three important buckets based on their general tendencies: growth sectors, value sectors, and defensive sectors. Let’s focus in on the relative performance of the value sectors, with each line representing the ratio of the sector ETF vs. the S&P 500 ETF (SPY).

Two of these four sectors stand out as strengthening in the month of November, specifically the financial and energy sectors. Both of these sectors are expected to benefit from a Trump administration. Banks, it’s assumed, will be facing less regulatory pressure and also a steepening yield curve. For energy, it’s the assumption that with less support for renewable energy policies, oil and gas companies could stand to thrive going forward.

As my friend and fellow StockCharts commentator Tom Bowley once explained, “If you want to outperform the S&P 500, you need to own things that are outperforming the S&P 500.” So, by focusing on sectors that are showing stronger relative strength, we have the opportunity to outperform our passive benchmarks.

Offense vs. Defense Ratio Still Favoring Offense

I also love to use ratio analysis to compare sectors to each other, as we can then start to infer what big institutions are doing with their capital as they rotate between the 11 economic sectors. Let’s look at one of my favorite ratios, which I call the “offense vs. defense” ratio.

The top panel is the ratio of Consumer Discretionary (XLY) versus Consumer Staples (XLP), while the bottom panel uses equal-weighted ETFs for those same sectors (RSPD and RSPS). This analysis was inspired from conversations years ago with Bill Doane, my Fidelity predecessor who ran the Technical Research team in the 1970s. We are basically comparing “things you want” vs. “things you need”, with the idea that, when conditions are good, consumers tend to spend more money on discretionary purchases.

We can see in this chart that offense has been outperforming defense fairly consistently since early August. And if there’s one thing I’ve learned in 24 years of analyzing charts, it’s to assume that a trend is continuing until it doesn’t! So this chart certainly suggests broad market strength going into year-end 2024.

Relative Rotation Graph Indicates Resurgence in Key Sectors

No discussion of sector rotation would be complete without a nod to the GOAT of visualizing sector rotation, Julius de Kempenaer. His RRG charts have been an essential part of my toolkit for many years, and I’m thrilled that we now have an upgraded version on the StockCharts platform with which to continue our analysis.

I’ve highlighted the two consumer sectors, which we can see support our earlier comments on offense over defense.  The XLY is trending up and to the right in the Leading quadrant, and the XLP is moving down and to the left within the Lagging quadrant.

I’ve also selected one other comparison, which is one I’ll be watching closely as we head into 2025. Technology, driven by the strength of software and semiconductors, is currently in the Improving quadrant. Utilities, which has traditionally been considered as a defensive sector, sits in the Weakening quadrant.

If and when these relative trends would begin to reverse, that could and will indicate more defensive positioning than we’ve seen at all in 2024. But until and unless we see that sort of defensive rotation, my sector analysis tells me this market is poised for further strength.

RR#6,

Dave

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


David Keller, CMT

President and Chief Strategist

Sierra Alpha Research LLC


Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional.

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

In this exclusive StockCharts video, Joe goes into detail on the S&P 500 ETF (SPY), sharing why using MACD and ADX together can be beneficial — especially in the current environment. He touches on Sentiment, Volatility and Momentum, pointing to reasons why we need to be on alert at this time for signs of a downturn. Joe covers the QQQ and IWM since both are at critical levels right now. Finally, he goes through the symbol requests that came through this week, including AMZN, CVNA, and more.

This video was originally published on November 20, 2024. Click this link to watch on StockCharts TV.

Archived videos from Joe are available at this link. Send symbol requests to stocktalk@stockcharts.com; you can also submit a request in the comments section below the video on YouTube. Symbol Requests can be sent in throughout the week prior to the next show.

After the election, things have hardly settled in the world. New developments in the Ukraine-Russian conflict and the Middle East are still volatile. Worst of all, I am in Redmond, WA this week, where last night’s storm caused a massive power outage in this region.

Needless to say, producing electronic content is a challenge at the moment

But I found a small pocket where things seem to operate decently, so I’ll give it a try.

When market conditions become cloudy, I always like to step back and zoom out to see the big picture.

Weekly Asset Class Rotation

Using Relative Rotation Graphs, I do that, bringing up an RRG for asset classes as plotted at the top of this article. This is a weekly RRG, and the rotations seem pretty straightforward. (Note: I have left out BTC as it is powering way up into the leading quadrant and living a life of its own.) Stocks are the only asset class inside the leading quadrant, and they are on a decent RRG-Heading, suggesting that more relative strength lies ahead.

On the opposite trajectory, we find the three fixed-income-related asset classes in this universe: government bonds, Corporate bonds, and High-Yield bonds. All three are traveling on a southwestern heading and are moving deeper into the lagging quadrant. This suggests further relative weakness for this group in the coming weeks.

We find commodity ETFs and the Dollar Index inside the improving quadrant. DJP and GSG are in the improving quadrant while still in the middle of their respective trading ranges, both in price and relative.

The Dollar index, on the other hand, is interesting, having reached the top of a broad trading range after a significant rally that started at the bottom of that range back in September. It is now pushing against heavy overhead resistance.

Zooming in on the Daily Timeframe

Things are getting more interesting when I zoom in on the daily timeframe. This RRG is plotted above.

A few observations in combination with the rotations as seen on the weekly version. In the daily timeframe, stocks also head deeper into the leading quadrant on a strong RRG heading. This happens after a leading-weakening-leading rotation, which means it is a reasonably reliable start for a new up-leg in the already established relative uptrend. Conversely, the fixed-income asset classes confirm their weaker rotation back into the lagging quadrant after a lagging-improving-lagging rotation.

Overall, the preference for stocks over bonds is firmly shown based on RRG. Commodities are heading further into the lagging quadrant on this daily RRG, which tells me that the positive rotation on a weekly basis might be slowing down soon.

$USD Close to Breaking from Broad Range

This leaves $USD with an interesting rotation. The long tail traveling upward inside the improving quadrant on the weekly is getting support from the leading-weakening-leading rotation that is developing on the daily RRG.

On the price chart, $USD is very close to overhead resistance, and, with its current strength, there is a fair chance of breaking it upward. When that happens, $USD looks set for a strong follow-through that could reach the levels of the previous highs around 114. This target can be calculated by adding the range’s height, around 7 points, to the breakout level, around 107.

Stocks vs. Bonds

SPY continues to make higher highs and lower lows, confirming its uptrend even though negative divergence is still present and weaker breadth data (not shown here). However, at the end of the day, you can only trade SPY.

There was a nice rally in bonds, pushing yields down, but the decline of the 23.50 highs seems to be breaking the rising trendline.

The primary relative trend for GOVT vs. VBINX has been down for a long time, and the recent uptick seems to have ended, once again with a high for the JdK RS-Ratio line below 100, resulting in another lagging-improving-lagging rotation, the fifth since late 2022. So far, the rise in yields has not been damaging to stocks, and as a result, the stock-bond ratio has again accelerated in favor of stocks.

Overall, the preference for stocks over bonds continues while $USD seems to be setting up for a perfect rally!!

#StayAlert –Julius

How do you find the next big stock before it gains the investing public’s attention?

It’s tricky, but there are only two ways to spot a so-called “hot stock” before the social buzz. One is to scour financial reports and forum chatter to see what Wall Street insiders might be looking at before the general public catches. Another is to use various scans to trace the smart money’s tracks before the news gets out.

Alternatively, you could do both.

(As far as the latter—scanning for stocks exhibiting technical strength—perhaps it’s something you should be doing daily, as you have plenty of tools to scan every sector and stock on the market rapidly.)

Tuesday’s Scan After the Close

On Tuesday, I did an after-market scan to prepare for the following day’s trading session. Pulling up the StockCharts Sample Scan Library from the Charts & Tools menu, I ran a scan for New 52-week Highs and categorized the Symbols by the StockChartsTechnicalRank (SCTR) score.

FIGURE 1. NEW 52-WEEK HIGHS SCAN RESULTS. AppLovin is at the top when sorted by SCTR scores.Image source: StockCharts.com. For educational purposes.

The mobile marketing tech company AppLovin (APP) had the highest SCTR score and a new 52-week high. I realized that APP was also on the SCTR Top 10 report, which is visible on the SCTR Reports Dashboard panel.

FIGURE 2. SCTR REPORT TOP 10 LIST. APP been on this list for a while but its move to the top position is worth noting.Image source: StockCharts.com. For educational purposes.

If you’ve been following the SCTR Reports from time to time, you might have noticed that APP has been occupying the top 10 list for quite some time. APP, though not the most popular stock (perhaps until now), has been abuzz among institutional and tech investors for quite some time. It makes you wonder what other scans APP might have shown up on.

In the Symbol Summary tool, here’s what came up Tuesday afternoon.

FIGURE 3. LIST OF SCANS ON SYMBOL SUMMARY THAT INCLUDED APP. It’s time to do a deeper dive.Image source: StockCharts.com. For educational purposes.

At the least, APP’s appearance on several scans tells you it’s time to do a deeper top-down dive on the stock. Let’s start with a weekly chart to get a big-picture view of APP’s price history.

FIGURE 4. WEEKLY CHART OF APP. The stock price had a parabolic upside move.Chart source: StockCharts.com. For educational purposes.

That’s a jaw-dropping 1,303% jump (see percent line measurement in the chart). And it begs two questions: Were there early signs to get into the stock when APP was just at $30, and is it now just a FOMO trade, or is there still room for growth?

Starting with the first question, the earliest technical indication was in May 2023 (see blue dotted vertical line) when two things coincided (green circles highlight each event):

  • The Chaikin Money Flow (CMF) broke through the zero line, indicating that buyers controlled the market.
  • The SCTR line shot up to around 99, well above the bullish 90 line.

At this point, you’re probably wondering if there’s still room for APP valuations to grow or if it’s now just a FOMO trade. Here, we’ll shift to a daily chart of APP to take a closer look.

FIGURE 5. DAILY CHART OF APP. There are multiple levels of support for the looming pullback.Chart source: StockCharts.com. For educational purposes.

APP’s runaway gap followed a stellar earnings report. The divergence between the CMF and the On Balance Volume (OBV) lines shows a potential decrease in institutional buying (represented by the CMF) versus retail FOMO (using OBV as a proxy). The Relative Strength Index (RSI) is clearly in overbought territory, but APP’s price action also shows how the RSI can sustain extreme levels for an extended period of time.

In the daily chart, three indicators show potential convergence at support levels. The Ichimoku Cloud provides a dynamic support range that shifts with price action, aligning with the quadrant lines, especially the third quadrant just below the 50% retracement. Keep in mind that the second and third quadrants typically signal bullish levels during a pullback. Lastly, notice the Bollinger Bands, where the middle band also falls within the third quadrant.

If APP starts pulling back, as it seems likely, and you’re bullish on the stock, watch these levels closely. How the price reacts at these points can guide you in making a more informed decision about when to take action.

At the Close

The steps to spotting a potential breakout stock like AppLovin highlight the importance of analysis using differentiated tools to uncover hidden opportunities. From initial scans to spot technical strength to deep dives using SCTR rankings and Symbol Summary insights, the journey of discovery relies on methodical steps. Whether you’re looking to catch the next big move or planning entry points during a pullback, the takeaway is clear: consistent, multi-layered scanning and analysis is the key to finding market gems early on.


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.

Cambridge Dictionary has put it out to the universe, naming “manifest” as its word of the year for 2024.

Popularized by celebrities such as singer Dua Lipa, “manifest” refers to the practice of using “methods such as visualization and affirmation to help you imagine achieving something you want, in the belief that doing so will make it more likely to happen,” the British dictionary publisher said in an announcement Wednesday.

Lipa has spoken about how she thinks manifestation has played a part in her success, helping to bring about key moments in her career, such as playing at the Glastonbury Festival this year.

“If you set an intention and you think about it every single day of your life, and for me, Glastonbury for example, when I first started making music I dreamed about the day that I would get asked to headline Glastonbury,” she said in an interview in April.

“And I’ve probably thought about it every single session that I’m in the studio, because when I write a song I think I go ‘oh what’s this going to sound like at Glastonbury?’” Lipa said.

“That in a way is setting that idea, that intention in the back of my mind,” she added. “I think it’s powerful.”

US Olympic gymnast Simone Biles has also mentioned her use of manifestation after her mother started encouraging her to write down her goals.

“You have to write it down, you have to speak it into existence, you have to see it daily and then it usually happens,” she said in an interview in October.

Taken from Latin and French, in English the word “manifest” originally meant “easily noticed or obvious” before it started to be used as a verb meaning “to show something clearly.”

In the early 20th century it started to be used to mean “to make something happen by internalizing it, intentionally or unintentionally,” according to Cambridge Dictionary.

This year marked manifesting’s move into the wider public consciousness, it said.

“In 2024, the word manifest jumped from being mainly used in the self-help community and on social media to being mentioned widely across mainstream media,” it wrote.

“The use of this sense of manifest has gained in popularity with the increasing number of ‘manifesting influencers’ promoting this scientifically unproven practice on social media—so much so that it was added to the Cambridge Dictionary in May of 2023.”

The dictionary said the word has been looked up nearly 130,000 times on its website, becoming one of its most viewed entries.

Wendalyn Nichols, Cambridge Dictionary’s publishing manager, said the word of the year pick is based on “user data, zeitgeist and language.”

“Manifest won this year because it increased notably in lookups, its use widened greatly across all types of media, and it shows how the meanings of a word can change over time,” said Nichols.

Other words on the 2024 shortlist include “brat,” inspired by the title of singer Charli XCX’s 2024 album; “ecotarian,” which references the trend towards environmentally conscious living; and “resilience,” reflecting strength and adaptability.

Earlier this month, Collins Dictionary named “brat” its word of the year, defining it as someone “characterized by a confident, independent, and hedonistic attitude.”

This post appeared first on cnn.com

Investigators are trying to crack the mystery of how two undersea internet cables in the Baltic Sea were cut within hours of each other, with European officials saying they believe the disruption was an act of sabotage and US officials suggesting it was likely an accident.

The two cables – the BCS East-West connecting Lithuanian and Sweden and the C-Lion1 linking Finland with Germany – were suddenly disrupted on Sunday and Monday.

European leaders were quick to voice their suspicions. Germany’s Defense Minister Boris Pistorius said that “nobody believes that these cables were accidentally severed.”

The foreign ministers of Finland and Germany said in a joint statement that they were “deeply concerned” about the incident and raised the possibility that it was part of a “hybrid warfare,” specifically mentioning Russia in their statement.

Their assessment was not plucked out of thin air. Russia has been accused of waging a hybrid war against Europe after a string of suspicious incidents, arson attacks, explosions and other acts of sabotage across multiple European countries were traced back to Moscow.

And the disruption to the cables came just weeks after the US warned that Moscow was likely to target critical undersea infrastructure. This followed months of suspicious movements of Russian vessels in European waters and the significant beefing up of a dedicated Russian secretive marine unit tasked with surveying the seabed.

The Kremlin on Wednesday rejected the “laughable” suggestions that it was involved, saying it was “absurd to keep blaming Russia for anything without any grounds.”

Still, law enforcement agencies in both Sweden and Finland indicated they believe the damage deliberate.

The Swedish Prosecuting Administration said Tuesday it launched a preliminary investigation into a suspected sabotage. Then on Wednesday, the Finnish National Bureau of Investigation announced it was opening a criminal investigation into the suspected crimes of aggravated criminal mischief and aggravated interference with communications.

One vessel in particuar has sparked the interest of authorities and online sleuths.

The Chinese-flagged ship Yi Peng 3 was spotted in the area around the times the two cables were cut. The bulk carrier was sailing from the Russian port of Ust-Luga, where it docked for several days.

On Wednesday, the Danish Armed Forces said they were present in the area near Yi Peng 3, but did not say whether they pursued the vessel.

Asked about the vessel during a press briefing on Wednesday, Chinese foreign ministry spokesperson Lin Jian said he was “not aware of the situation.”

He said China “has always fully fulfilled its flag state obligations and requires Chinese ships to strictly abide by relevant laws and regulations.”

“We also attach great importance to protecting the safety of undersea infrastructure and work with the international community to actively promote the construction and protection of submarine cables and other global information infrastructure,” he said.

This post appeared first on cnn.com