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A bipartisan pair of US senators met with Ukrainian President Volodymyr Zelensky in Kyiv on Friday and urged stronger sanctions against Russia, while uncertainty swirls over whether the next round of peace talks will move ahead in the coming days.

Republican Sen. Lindsey Graham of South Carolina and Democratic Sen. Richard Blumenthal of Connecticut met with Zelensky and other top Ukrainian officials in the capital. Their visit came just days after Russia launched its biggest aerial assault against Ukraine since the start of the war, and as the US ramps up pressure on Moscow to end the three-year conflict.

Among the topics discussed were the ongoing peace talks and proposed legislation to strengthen US sanctions against Russia, according to a statement from the Ukrainian presidential office.

Graham and Blumenthal are co-sponsoring a bipartisan bill to impose more sanctions on Russia – a notion that has gained support among a number of Republican lawmakers in recent weeks as Moscow steps up its deadly aerial assaults.

Graham said lawmakers would move forward next week with a vote on the bill, the Reuters news agency reported. The bill is supported by 82 senators from both sides of the aisle and would impose a 500% tariff on goods imported from countries that buy Russian oil, gas, uranium and other products. It must pass both chambers of Congress and be approved by President Donald Trump to become law.

Trump has so far held off on imposing more sanctions as he tries to negotiate a peace deal between Moscow and Kyiv. However, he has threatened in the past to impose the measures if Russia doesn’t agree to a truce.

Asked by reporters on Friday if he would support the bill, Trump responded: “I don’t know, I’ll have to see it. I’ll take a look at it.”

Graham said Friday he had talked with Trump before his trip and the US president expects “concrete action” from Moscow, according to Reuters.

The visit comes as Ukrainian officials raised questions about planned peace talks in Istanbul on Monday – as they say Russia has yet to send its negotiating proposals, a key demand of Kyiv’s.

“For a meeting to be meaningful, its agenda must be clear, and the negotiations must be properly prepared,” Zelensky wrote on X on Friday after hosting Turkey’s foreign minister for talks in Kyiv.

Zelensky also said he spoke with Turkish President Recep Tayyip Erdogan, writing on Telegram: “We share the view that this meeting cannot and should not be empty.”

“Neither we in Ukraine nor Turkey as the host side have any information about Russia’s so-called memorandum,” he said in his evening address, accusing Russia of “hiding” its memorandum from both countries.

Ukraine has already provided its own version of a peace memorandum, officials say.

Russian Foreign Minister Sergey Lavrov said on Wednesday that Moscow would present its memorandum during the next round of talks.

Zelensky said he and his Turkish counterpart also spoke about the possibility of organizing a four-way meeting with the leaders of Ukraine, Russia, Turkey, and the United States to further facilitate peace negotiations.

In recent weeks, the US president has become visibly frustrated with Russia over its deadly attacks on Ukraine and the lack of progress on peace talks.

Russian President Vladimir Putin proposed holding “direct talks” in Turkey earlier this month – but never showed up, despite Zelensky agreeing to meet. In the end, the two nations sent low-level delegations to negotiate instead.

A large-scale prisoner exchange, the biggest since the start of the war, was the only significant outcome, with both sides agreeing to release 1,000 prisoners on each side – but it was overshadowed by ongoing Russian attacks at the same time.

Trump voiced frustration with Putin at the time, saying: “We’re in the middle of talking, and he’s shooting rockets into Kyiv and other cities.”

This post appeared first on cnn.com

The Nigerian journalist has been accepted into Columbia Journalism School for a master’s degree and was on the cusp of applying for her US visa. “I don’t have any backup plan,” the 31-year-old said. “I put all my eggs in one basket – in Columbia… which is quite a risk.” She is due to start her degree in New York in August having already paid a hefty enrolment fee.

Akintade is among thousands of people across the globe who were thrown into limbo on Tuesday when the US State Department instructed its embassies and consulates to pause the scheduling of new student visa interviews as it plans to expand social media vetting for applicants.

It’s the latest in a series of moves by the Trump White House targeting higher education, starting with an ongoing fight with Harvard University and then dramatically expanding in scope.

‘A scary time to study in the US’

“It feels like a really scary and unsettling time for international students studying in the US,” said one Canadian student who has also been accepted by Columbia. “A lot of us chose to study in the US for its freedoms but now knowing that innocent social media posts could cost an education feels like censorship.”

“We were looking at a post from us at Pride, and my caption was simply a rainbow flag and then a trans flag. And I was on the phone with her ‘and I was like, do I have to take this down?’ Eventually we decided no, I could leave it up, but I changed the caption, I removed the trans flag. I don’t know how to feel about that,” the student said.

“I do think it’s real proof that it is a fear campaign that is incredibly successful,” she said, adding that she has deferred her place for this year after getting a job offer. “I changed the caption with the anticipation that it could get worse. Today it is one (issue) and tomorrow it will be another one.”

The State Department has required visa applicants to provide social media identifiers on immigrant and nonimmigrant visa application forms since 2019, a spokesperson said. In addition, it had already called for extra social media vetting of some applicants, largely related to alleged antisemitism. But it’s unclear what kind of post might pose a problem for an application from now on, or how these posts will be scrutinized.

British student Conrad Kunadu said he’d been grappling with an “internal conflict” over his offer to pursue a PhD in Environmental Health at Johns Hopkins University after monitoring the crackdown on US colleges “religiously” for the past few months.

After wondering whether he could manage his anxiety that “something (he) wrote in 2016” could get him deported, Kunadu decided to stay in Britain and study at Oxford University instead. Despite being grateful to have another option, he described his situation as a “lose-lose.”

“I wanted to study in the US not just because, for my interests in health security, it’s where all the talent and resources are, but because it’s the best way to make an impact on these issues at a global scale,” Kunadu said. Like many others, he can’t help but mourn the possible academic research and advances that now may never come to fruition.

Kunadu and another student who requested anonymity both mentioned being anxious about exploring topics in their studies that could be interpreted as dissent and ruffle official feathers.

Kagan described the visa halt as “one of many attacks on higher education and immigrants… two of the Trump administration’s favorite targets,” which in this case overlap. And while the directive is consistent with what the White House was already doing, he sees this as “an unprecedented attack in a non-emergency time.”

When asked whether those who had accepted college offers and were waiting for a visa appointment had any legal avenues available to them, Kagan was not encouraging. “If someone is trying to enter and not yet getting a visa, (that person) usually has nearly no recourse,” he said.

A sense of rejection

In the 2023-34 academic year, more than 1.1 million international students studied at US higher education institutions, according to a report from the the Institute of International Education.

For Nigerian journalist Akintade, who has always dreamed of studying at an Ivy League school, the feeling of rejection by the US is weighing heavily. “This is the message I’m getting: we don’t want you,” she said, with a deep sigh.

Lisa Klaassen, Nimi Princewill and Quinta Thomson contributed to this report

This post appeared first on cnn.com

New satellite images show that North Korea has deployed what appear to be balloons alongside its damaged 5,000-ton warship that has been laying on its side and partially submerged since a botched launch last week.

The stricken destroyer was the country’s newest warship and was meant to be a triumph of North Korea’s ambitious naval modernization effort. Instead, a malfunction in the launch mechanism on May 21 caused the stern to slide prematurely into the water, crushing parts of the hull and leaving the bow stranded on the shipway, state media KCNA reported, in a rare admission of bad news.

North Korean leader Kim Jong Un, who witnessed the failed launch in the northeastern city of Chongjin, called it a “criminal act” and ordered the country to swiftly repair the as-yet-unnamed ship before the late-June plenary session of the ruling Workers’ Party, calling it a matter of national honor.

Officials have since scrambled to undo the damage and punish those they claim are responsible, detaining four people in recent days, including the shipyard’s chief engineer.

Analysts say it appears balloons are being used in North Korea’s effort to swiftly repair the destroyer.

“It looks like what appear to be balloons have been installed not to refloat the ship, but to prevent the ship from further flooding,” said Rep. Yu Yong-weon, a South Korean National Assembly lawmaker and military analyst.

Retired United States Navy Cpt. Carl Schuster said if the objects are indeed balloons, they could have one of two purposes – either to prevent “low- to mid-level drone reconnaissance,” or to reduce the stress on the part of the ship still stranded on the pier.

“That is the area that is most likely to have been damaged, suffered the most severe damage and remains under intense stress while the forward area remains out of the water,” he said.

Nick Childs, senior fellow for naval forces and maritime security at the International Institute for Strategic Studies, said North Korea could be in danger of further damaging the ship if it’s using balloons to keep it afloat or raise it.

“It is highly likely that the ship is under quite a lot of stress anyway,” and lifting from above could compound those stresses, he said.

Normal procedure would be to get as much buoyancy as possible in the ship and then raise it from below, Childs said.

According to satellite images shared by Maxar Technologies, more than a dozen white, balloon-like objects have been deployed around the destroyer since May 23.

The images don’t appear to show any flotation bladders supporting the hull or the body of the ship, Schuster said – something the US might use in such a situation. He added that North Korea’s maritime industry might not be advanced enough for such techniques.

North Korean state media had previously reported that the damage was less severe than initially feared, and that there were no holes in the hull, though it was scratched along the side and some seawater had entered the stern. It estimated repairs could take about 10 days – though analysts are skeptical.

The ship’s precarious position also makes the salvage operation unusually complex. “Having it half in and half out of the water is basically the worst possible situation,” said Decker Eveleth, an associate research analyst at CNA, a nonprofit specializing in defense research.

He added that the operation would be simpler if the ship had fully capsized into the water, or if it had fallen over entirely on land. “But as it’s half on land and half on water – if you try to pull the sunken half out, you’re risking twisting and breaking the keel,” Eveleth said, referring to the structural spine running along the ship’s bottom. “And if you do that, the whole ship is junk.”

Childs said North Korea may have to cut the ship into pieces and then try to salvage what it can because righting it from its current position is an extremely complex task.

“Very often the only way you clear the dock … is to dismantle at least part of the ship to make the operation easier, right what you have left and tow it away and make a decision on whether you rebuild it or scrap it,” he said.

This post appeared first on cnn.com

Amazon’s devices unit has a new team tasked with inventing “breakthrough” consumer products that’s being led by a former Microsoft executive who helped create the Xbox.

The ZeroOne team is spread across Seattle, San Francisco and Sunnyvale, California, and is focused on both hardware and software projects, according to job postings from the past month. The name is a nod to its mission of developing emerging product ideas from conception to launch, or “zero to one.”

Amazon has a checkered history in hardware, with hits including the Kindle e-reader, Echo smart speaker and Fire streaming sticks, as well as flops like the Fire Phone, Halo fitness tracker and Glow kids teleconferencing device.

Many of the products emerged from Lab126, Amazon’s hardware research and development unit, which is based in Silicon Valley.

The new group is being led by J Allard, who spent 19 years at Microsoft, most recently as technology chief of consumer products, a role he left in 2010, according to his LinkedIn profile. He was a key architect of the Xbox game console, as well as the Zune, a failed iPod competitor.

Allard joined Amazon in September, and the company confirmed at the time that he would be part of the devices and services team under Panos Panay, who left Microsoft for Amazon in 2023 to lead the group.

An Amazon spokesperson confirmed Allard oversees ZeroOne but declined to comment further on the group’s work.

The job postings provide few specific details about what ZeroOne is building, though one listing references working on “conceiving, designing, and bringing to market computer vision techniques for a new smart-home product.”

Another post for a senior customer insights manager in San Francisco says the job entails owning “the methodology and execution of concept testing and early feedback for ZeroOne programs.”

“You’ll be part of a team that embraces design thinking, rapid experimentation, and building to learn,” the description says. “If you’re excited about working in small, nimble teams to create entirely new product categories and thrive in the ambiguity of breakthrough innovation, we want to talk to you.”

Amazon has pulled in staffers from other business units that have experience developing innovative technologies, including its Alexa voice assistant, Luna cloud gaming service and Halo sleep tracker, according to Linkedin profiles of ZeroOne employees. The head of a projection mapping startup called Lightform that Amazon acquired is helping lead the group.

While Amazon is expanding this particular corner of its devices group, the company is scaling back other areas of the sprawling devices and services division.

Earlier this month, Amazon laid off about 100 of the group’s employees. The job cuts included staffers working on Alexa and Amazon Kids, which develops services for children, as well as Lab126, according to public filings and people familiar with the matter who asked not to be named due to confidentiality. More than 50 employees were laid off at Amazon’s Lab126 facilities in Sunnyvale, according to Worker Adjustment and Retraining Notification (WARN) filings in California.

Amazon said the job cuts affected a fraction of a percent of the devices and services organization, which has tens of thousands of employees.

This post appeared first on NBC NEWS

While U.S. President Donald Trump’s tariffs play out in U.S. courts, another one of his proposed laws could weaponize the American tax system.

Investment banks and law firms warn this step could prove to be as significant as the impact of duties on investors.

The “One Big Beautiful Bill Act,” which passed through the U.S. House of Representatives last week, includes the most sweeping changes to the tax treatment of foreign capital in the U.S. in decades under a provision known as Section 899. The bill must still gain the Senate’s approval.

“We see this legislation as creating the scope for the US administration to transform a trade war into a capital war if it so wishes,” said George Saravelos, global head of FX research at Deutsche Bank on Thursday.

“Section 899 challenges the open nature of US capital markets by explicitly using taxation on foreign holdings of US assets as leverage to further US economic goals,” Saravelos added in the note to clients, under the subtitle “weaponization of US capital markets in to law.”

Section 899 says it will hit entities from “discriminatory foreign countries” — those that impose levies such as the digital services taxes that disproportionately affect U.S. companies.

France, for instance, has a 3% tax on revenues from online platforms, which primarily targets big technology firms such as Google, Amazon, Facebook, and Apple. Germany is reportedly considering a similar tax of 10%.

Under the new tax bill, the U.S. would hit investors from such countries by increasing taxes on U.S. income by 5 percentage points each year, potentially taking the rate up to 20%.

Emmanuel Cau, head of European Equity Strategy at Barclays, suggested that the mere passage of the tax legislation could make dollar assets less valuable for foreign investors.

“In our view, this is a risk for those companies generating US revenues, and domiciled in countries that have enacted Digital Services Taxes (DST) or are implementing the OECD’s Under Taxed Payment Rule (UTPR),” Cau said in a Friday note to clients.

He highlighted companies such as London-listed Compass Group, which provides catering services to U.S. schools, and InterContinental Hotels, which owns at least 25 luxury hotels in the U.S., are likely to be affected by the proposed law.

“Given US net international investment position is sharply negative, there is indeed scope for capital outflows if indeed S899 passes through the Senate in its current form,” he added.

The impact of the bill won’t be limited to European companies or individuals from those states.

The bill “could significantly increase tax rates applicable to certain non-U.S. individuals and business, governmental, and other entities,” said Max Levine, head of U.S. tax at the law firm Linklaters.

This means it could also ensnare governments and central banks, which are large investors of U.S. Treasuries. France and Germany, for instance, held a combined $475 billion worth of U.S. government bonds as of March.

The proposed tax would lower returns on U.S. Treasuries for those investors as “the de facto yield on US Treasuries would drop by nearly 100bps,” Deutsche Bank’s Saravelos added. “The adverse impact on demand for USTs and funding the US twin deficit at a time when this is most needed is clear”.

“It’s very bad,” said Beat Wittmann, chairman of Switzerland-based Porta Advisors. “This is huge — this is just one piece in the overall plan and it’s completely consistent with what this administration is all about.”

“The ultimate judge for this is not our opinions, it’s the bond market,” Wittmann added. “The U.S. bond market is discounting these developments, and we have seen in the last few weeks, that if there was a safe haven move, investors clearly prefer German bunds.”

Large Australian pension funds with U.S. investments have also been reportedly concerned by the bill, since Australia operates a medicines subsidy scheme that is opposed by large U.S. pharmaceutical companies.

Legal experts at the Mayer Brown law firm suggest that “significant changes” could be made to the bill as it passes through the U.S. Senate before it’s enshrined into law by Trump.

“As such, there may be questions about whether the provisions of the proposal that override tax treaties could be included in the US Senate’s version of the tax bill,” Mayer Brown’s experts said.

This post appeared first on NBC NEWS

In this must-see market update, Larry Williams returns with timely stock market analysis, trading insights, and macroeconomic forecasts. Discover what’s next for the Federal Reserve, interest rates, and inflation — and how it could impact top stocks like Tesla (TSLA), Nvidia (NVDA), Apple (AAPL), and consumer staples (XLP).

This video originally premiered on May 27, 2025. Watch on StockCharts’ dedicated Larry Williams page!

Previously recorded videos from Larry are available at this link.

SIL Silver Miners

SIL was among the leaders yesterday and now is close to triggering this double-bottom bullish pattern. Staying above the 43-mark would target 47. That’s not a big move, but let’s remember that SIL is sporting bullish formations on its longer-term charts, too.

FIGURE 1. DAILY CHART OF GLOBAL X SILVER MINERS ETF (SIL).

SIL – Weekly

Firstly, the double-bottom pattern on this weekly log chart annotated in blue remains alive. This objective is up near 49.

Secondly, the area highlighted in green here is the same pattern pictured on the daily chart above. That area is sitting at the very top of a much bigger bullish inverse head-and-shoulders pattern that extends all the way back to 2021. Thus, if the short-term breakout works, it will trigger this one, as well. That target is in the mid-70s…

FIGURE 2. WEEKLY CHART OF GLOBAL X SILVER MINERS ETF (SIL).

SIL – Monthly

And that green pattern above is part of this MUCH larger, 13-year potential double bottom. We still have a while to go before this one is triggered, but it’s important to keep all of these in the back of our minds.

Anyone who trades or tracks SIL knows that short-term whipsaws are the norm. So, while these breakouts may not be clean, the bullish structures are clear. The bottom line is that if SIL continues to make higher highs and higher lows, the patterns will continue to work.

FIGURE 3. MONTHLY CHART OF GLOBAL X SILVER MINERS ETF (SIL).

USO Crude Oil

USO was among the leaders yesterday, but it’s still trying to bust through its 50-DMA, which has been the sticking point the last few weeks. If it can soon, USO could complete this potential bullish inverse H&S pattern. The upside target would be in the 77-78 range, and that would align with key short-term tops from the last year. First step, push above the 50-day line…

FIGURE 4. DAILY CHART OF US OIL FUND (USO).

NVDA

The obvious question every time NVDA rallies is whether it’s too late to buy.  To get a true sense of the stock’s technical prospects, we need to view it across different charts and time frames.

First, here’s a view of the bullish flag pattern we cited on Tuesday (along with TSLA, GOOGL and META). Given the preceding staircase-like advance, the starting point of the flagpole is subjective. We’re using the early May low given that the stock avoided filling a gap from a few days earlier.

Regardless, the measured move counts to the 161 zone, which would be a new all-time high.

FIGURE 5. DAILY CHART OF NVIDIA CORP. (NVDA).

This second one is a daily chart that extends all the way back to 2010 and shows times when breaking below or above the 200-DMA led to strong, extended moves for the stock. From this angle, the recent 200-day breach didn’t last that long at all, and now NVDA has the chance to once again follow through after breaking back above it over the last few weeks.

FIGURE 6. LONGER-TERM DAILY CHART OF NVIDIA CORP. (NVDA).

Here’s a weekly, log chart going back to the 2022 low. NVDA has leveraged three major pattern breakouts since then to power the astounding rally the last two-plus years. With the stock last having made a new high last October and being net flat since last July, an eventual push back above the 150-zone could prompt big pattern-breakout number four.

FIGURE 7. WEEKLY CHART OF NVIDIA CORP. (NVDA).

Lastly, here are the biggest breakouts on this monthly chart that goes back over two decades. Again, looking at it from this viewpoint makes the last 11 months appear like a very small digestive phase, especially compared to the other three on the chart. Thus, the first step will be seeing how well NVDA can hold the opening gap. That’s important for today, but much more important for the days and weeks to come.

FIGURE 8. MONTHLY CHART OF NVIDIA CORP. (NVDA).

Nuclear energy stocks are on a tear, and Oklo Inc. (OKLO), Cameco Corp. (CCJ), and NuScale Power Corporation (SMR) are leading the charge, fueled by presidential executive orders, investor hype, and hopes for a nuclear-powered future.

Is It Time to Go Nuclear?

These names bucked the trend on Wednesday, rising even as the major U.S. indexes fell. I found all three while running a P&F Double Top Breakout scan, with SMR also appearing in the New 52-Week Highs scan. But are these gains a sign of genuine investment opportunities, or is this high-risk subsector just radioactive for your portfolio? To analyze this, let’s break down their profiles and charts to see whether the “glow” here points to real promise—or simply masks a toxic risk.

Here’s a PerfCharts snapshot of all three stocks against the SPDR S&P 500 ETF (SPY), our broader market proxy.

FIGURE 1. PERFCHARTS OF SMR, OKLO, CCJ, AND SPY.

While CCJ steadily lagged behind the S&P 500 until this month, both OKLO and SMR began outperforming the broader market starting in mid-October of last year. Their relative performance to date is so strong that it appears almost unsustainable in the short term.

All three mid-cap stocks are also showing robust StockCharts Technical Rank (SCTR) scores—OKLO at 99.6, SMR at 99.3, and CCJ at 89.9 at the time of writing. While this can indicate technical strength, it can also signal irrational exuberance among retail investors.

Robust SCTR Scores but Divergent Fundamentals

Another thing to note is the notable difference in their fundamentals. SMR and OKLO have negative P/E ratios, suggesting that their surges are driven more by promise and speculation than by profits. CCJ, with a P/E ratio of 149, is raking in some profits, but may also be riding an overcrowded wave of hype.

Ultimately, while technical performance can sometimes lead to fundamental strength—or mask fundamental weakness—it’s worth taking a closer look at these leading names in the nuclear subsector to understand the opportunities and risks they present. Let’s break it down further by examining each stock’s technical picture and what it suggests about investor conviction.

OKLO: Testing Highs, Buying the Dip?

To start, here’s a daily chart of nuclear energy startup OKLO.

FIGURE 2. DAILY CHART OF OKLO. In contrast to the other two nuclear stocks, OKLO is potentially experiencing higher levels of accumulation.

OKLO recently tested its all-time high of $59 before pulling back. The Relative Strength Index (RSI) shows the stock was deep within overbought territory, hinting at caution. Still, what’s interesting is that OKLO’s Accumulation/Distribution Line (ADL), plotted behind the price, remains strong. This suggests that even as the price retreats, buying pressure may still be present—hinting that investors might be looking to buy the dip rather than “sell the news.”

The key thing to watch now is how deep this retracement goes. If investors are still optimistic about OKLO’s fundamental outlook, you might see a bounce within the first two quadrants marked by the Quadrant Lines on the chart. Pay particular attention to the critical support range around the center line at $38, shown in the yellow-shaded area. If the price falls below this level, it could be a sign of weakness, suggesting the stock is more of a FOMO-driven trade than one backed by long-term conviction.

SMR: Hype or Healthy Pullback?

Next, we’ll shift over to a daily chart of SMR. Among the three, SMR is the only to notch a new all-time high. But does this signal the beginning of a new leg up, or the end of a surge that lacks substance?

FIGURE 3. DAILY CHART OF SMR. What happens next will show whether investors truly believe in the stock—or if the rally was driven by short-term hype.

SMR immediately declined after making a parabolic move to a new all-time high. As the RSI confirms, the stock was well-overbought. Now, it’s a matter of measuring the depth of the pullback.

I plotted a Fibonacci Retracement to highlight potential support levels. There are several zones of support from previous swing highs and a concentrated trading area between the 61.8% and 38.2% retracement levels. If investor confidence stays strong, expect a possible bounce between $21 and $24, marking the 61.8% and 50% Fib levels respectively. A deeper drop below the 61.8% level might still find support around $15, but that would also suggest that the rally was driven more by sentiment than strategic conviction.

CCJ: Underperforming Stock, Profitable Company

Lastly, let’s take a look at the most earnings-positive company among the three. Here’s a daily chart of CCJ.

FIGURE 4. DAILY CHART OF CCJ. The critical level to watch is the range between $50 – $52.

CCJ has a similar technical profile to OKLO and SMR—it’s overbought, and it tested its all-time high on a parabolic surge, leading to a pullback.

However, instead of measuring the various degrees of its potential retracements (using Fib or Quadrants), I’m focusing on the key range of $50–$52. Why? Because, in addition to marking a broad level that has acted as both support and resistance since October of last year, this range also shows a high concentration of trading activity, as indicated by the Volume-by-Price indicator.

If longer-term conviction holds, CCJ should bounce at this level. If not, expect the stock to decline further—although it may eventually find support at lower levels, it likely wouldn’t be worth chasing at that point.

At the Close

Nuclear energy stocks like OKLO, SMR, and CCJ have captured market attention, defying broader trends and flashing bullish technical patterns. But while momentum and investor enthusiasm are driving these moves, each stock also faces questions about sustainability and fundamentals.

Are we looking at a healthy dip—or is Wall Street just selling the news? To answer that question, keep an eye on the key technical levels outlined above. With these standout names in an emerging (and therefore highly uncertain) subsector, the technicals will likely reveal whether the market’s leaning toward conviction or just chasing the hype.


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 personal and financial situation, or without consulting a financial professional.

A huge chunk of a glacier in the Swiss Alps broke off on Wednesday afternoon, causing a deluge of ice, mud and rock to bury part of a mountain village evacuated earlier this month due to the risk of a rockslide, authorities said.

One person is currently missing, officials said.

Drone footage broadcast by Swiss national broadcaster SRF showed a vast plain of mud and soil completely covering part of the village of Blatten, the river running through it and the wooded sides of the surrounding valley.

“We’ve lost our village,” Matthias Bellwald, the mayor of Blatten told a press conference after the slide. “The village is under rubble. We will rebuild.”

Stephane Ganzer, an official in the canton of Valais where Blatten is located, told Swiss media that about 90% of the village was covered by the landslide.

“An unbelievable amount of material thundered down into the valley,” said Matthias Ebener, a spokesperson for local authorities in the southwestern canton of Valais.

One person was missing, Ebener said. Officials gave no further details on the person during the press conference.

Officials said millions of cubic metres of rock and soil have tumbled down since Blatten was first evacuated this month when part of the mountain behind the glacier began to crumble, sparking warnings it could bring the ice mass down with it.

A video shared widely on social media showed the dramatic moment when the glacier partially collapsed, creating a huge cloud that covered part of the mountain as rock and debris came cascading down towards the village.

Experts consulted by Reuters said it was difficult to assess the extent to which rising temperatures spurred by climate change had triggered the collapse because of the role the crumbling mountainside had played.

Christian Huggel, a professor of environment and climate at the University of Zurich, said while various factors were at play in Blatten, it was known that local permafrost had been affected by warmer temperatures in the Alps.

The loss of permafrost can negatively affect the stability of the mountain rock which is why climate change had likely played a part in the deluge, Huggel said.

The extent of the damage to Blatten had no precedent in the Swiss Alps in the current or previous century, he added.

The rubble of shattered wooden buildings could be seen on the flanks of the huge mass of earth in the drone footage.

Buildings and infrastructure in Blatten, whose roughly 300 inhabitants were evacuated on May 19 after geologists had identified the risk of an imminent avalanche of rock and ice from above, were hit hard by the rockslide, Ebener said.

SRF said houses were destroyed in the village nestled in the Loetschental valley in southern Switzerland.

Swiss President Karin Keller-Sutter expressed her solidarity with the local population as emergency services warned people the area was hazardous and urged them to stay away, closing off the main road into the valley.

“It’s terrible to lose your home,” Keller-Sutter said on X.

This post appeared first on cnn.com

Earlier this year, Hungarian lawmakers passed new legislation which outlaws Pride events in the country and allows authorities to use facial recognition technology to identify those attending any events that go ahead despite the ban.

But officials from at least six groups of the European Parliament are planning on attending Budapest’s annual Pride march anyway, according to a spokesperson for Kim van Sparrentak, the co-president of the European Union’s Intergroup.

The Intergroup describes itself as an “informal forum for Members of the European Parliament (MEPS) who wish to advance and protect the fundamental rights of lesbian, gay, bisexual, transgender and intersex (LGBTI) people.”

Budapest Pride has remained determined in the face of Hungarian Prime Minister Viktor Orbán and his government, which has previously said it is outlawing the parade and other LGBTQ gatherings in the country due to “child protection” issues.

Organizers have vowed to hold the event anyway, and have called on “international allies, activists, and friends” to join the Pride parade though Hungary’s capital on June 28.

“Pride is a protest, and if Orbán can ban Budapest Pride without consequences, every pride is one election away from being banned,” she continued.

Angel said that he will be “defending the right to assemble as a fundamental European right,” adding that he hopes to “show Hungarians who believe in democracy and in Europe that they are not alone.”

On Tuesday, a group of 20 countries in the European Union signed a letter urging Hungary to revise its “anti-LGBTIQ+ legislation,” calling on the European Commission to “expeditiously make full use of the rule of law toolbox at its disposal” if this doesn’t happen.

Angel suggested that some of these mechanisms could include stopping EU funding to Hungary and enacting an infringement procedure against the country for failing to implement EU law.

In Tuesday’s letter, the foreign ministries of Austria, Belgium, Cyprus, the Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Ireland, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Portugal, Slovenia, Spain and Sweden said that they are “deeply concerned” by Hungary’s recent law changes.

The use of facial recognition software to identify people attending banned events was also condemned, with the countries saying that they “are concerned by the implications of these measures on freedom of expression, the right to peaceful assembly, and the right to privacy.”

“Respecting and protecting the human rights and fundamental freedoms of all people, including LGBTIQ+ persons, is inherent in being part of the European family. This is our responsibility and shared commitment of the member states and the European institutions,” the letter read.

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