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Ukraine’s capital Kyiv came under a large-scale Russian drone and missile attack overnight into Saturday, just hours after Russia and Ukraine began a major prisoner exchange.

At least eight people were injured in the attacks, which triggered fires and left debris strewn in districts throughout the city, the city’s mayor Vitali Klitschko said in a post on Telegram.

Klitschko said two residents had required hospital treatment and that air defense units were in action, Reuters reported, adding that fragments from one drone struck the top floor of an apartment building.

Explosions and loud sirens could be heard blaring across the capital in video shared by Reuters news agency. Several fires could be seen against the nighttime skyline.

Timur Tkachenko, head of Kyiv’s military administration, said a fire had broken out on two floors of an apartment building in Dniprovskyi district, according to Reuters.

Officials also reported a fire in Obolon in the city’s northern suburbs and fallen debris on a shopping center in the same area, Reuters reported. They also said drone fragments hit the ground in a number of other widely separated neighborhoods.

The nighttime attack came after Russia and Ukraine completed the first phase of what is expected to be the biggest prisoner exchange since the start of the war.

The swap started on Friday and will continue on Saturday and Sunday, with Kyiv and Moscow expected to swap 2,000 people – 1,000 from each side.

The agreement to release 1,000 prisoners on each side was the only significant outcome of the meeting between Kyiv and Moscow in Istanbul last week, which marked the first time the two sides have met directly since soon after Russia’s full-scale unprovoked invasion of Ukraine in February 2022.

The Istanbul meeting was initially proposed by Russian President Vladimir Putin in response to a ceasefire-or-sanctions ultimatum given to Moscow by Kyiv’s European allies – which many saw as a clear attempt by the Kremlin leader to distract and delay.

Ukraine and its allies demanded that Russia agree to an immediate and unconditional ceasefire in Istanbul, but that did not happen.

Neither Ukrainian President Volodymyr Zelensky nor Russian President Vladimir Putin attended the talks in Istanbul.

This is a developing story and will be updated.

This post appeared first on cnn.com

The Trump administration issued orders Friday to begin easing sanctions on Syria, marking a major policy shift after US President Donald Trump pledged earlier this month to roll back the measures during a trip to the Middle East.

Trump administration officials had been carrying out quiet engagements for months to pave the way for sanctions relief to help the nation recover from years of a devastating war and rebuild after the toppling of ousted leader Bashar al-Assad.

On Friday, the US Treasury Department said Syria has been issued a general license that authorizes transactions involving the interim Syrian government, as well as the central bank and state-owned enterprises.

The GL25 license “authorizes transactions prohibited by the Syrian Sanctions Regulations, effectively lifting sanctions on Syria,” and “will enable new investment and private sector activity consistent with the President’s America First strategy,” it said in a press release.

The US State Department concurrently issued a 180-day waiver under the Caesar Act to ensure sanctions do not impede investment, and advance Syria’s recovery and reconstruction efforts, Secretary of State Marco Rubio said in a statement.

Rubio said the waivers will facilitate the provision of electricity, energy, water, and sanitation, and enable a more effective humanitarian response across Syria.

“Today’s actions represent the first step in delivering on the President’s vision of a new relationship between Syria and the United States,” Rubio said.

While in Saudi Arabia last week, where he met with Syria’s interim President Ahmed al-Sharaa, Trump announced that sanctions on Syria would be swiftly removed, taking some officials by surprise and triggering a scramble across the US government to implement the decision,

Rubio said shortly after that the US would issue waivers to Syria sanctions, which are currently required by law. Meanwhile, the administration is engaged in a complicated technical review of the sanctions, which is expected to take weeks, officials said at the time.

“If we make enough progress, we’d like to see the law repealed, because you’re going to struggle to find people to invest in a country when any in six months, sanctions could come back. We’re not there yet. That’s premature,” Rubio said.

Speaking in Saudi Arabia, Trump said he made the decision to lift sanctions after speaking with Saudi Crown Prince Mohammed bin Salman and Turkish President Recep Tayyip Erdogan.

Saudi officials had coordinated behind the scenes on the topic for months, making the case that removing sanctions would boost the Syrian economy and help to stabilize the entire region.

The Turkish government also had contacts with the US about Syria and knew about the work being done to see if the lifting of sanctions was possible, a source familiar with the matter said. The Turkish government expressed support for those efforts.

But not all US allies in the region were in favor of where Trump was headed: Israel had opposed the move and Trump ignored their objections.

Trump acknowledged last week that he “didn’t ask” Israel about the Syria sanctions relief.

“I thought it was the right thing to do,” he said as he wrapped up his tour of the Middle East.

This post appeared first on cnn.com

The Federal Trade Commission voted to dismiss a lawsuit filed in the last days of the Biden administration that accused PepsiCo of offering sweetheart pricing to big retailers.

FTC Chair Andrew Ferguson dissented to the suit when it was filed in January, when he was one of the regulator’s commissioners. Now the agency’s leader, Ferguson on Thursday again criticized the case as “a nakedly political effort to commit this administration to pursuing little more than a hunch that Pepsi had violated the law.”

“The FTC’s outstanding staff will instead get back to work protecting consumers and ensuring a fair and competitive business environment,” he said in a statement.

The FTC voted 3-0 to drop the suit. The panel is supposed to be made up of five commissioners, no more than three of whom can share the same political party. But it is currently led by three Republicans after President Donald Trump fired its two Democratic commissioners in March. The two ousted officials have slammed their removals as illegal and are urging a judge to reinstate them.

Pepsi welcomed the FTC decision Thursday. “PepsiCo has always and will continue to provide all customers with fair, competitive, and non-discriminatory pricing, discounts and promotional value,” a spokesperson said in a statement. Beyond its namesake soda, the company makes an array of snacks and other food products, including Doritos, Rold Gold pretzels and Sabra hummus.

Former FTC Chair Lina Khan, who led the commission when the agency brought its case against Pepsi, criticized the move Thursday as “disturbing behavior” by the agency.

“This lawsuit would’ve protected families from paying higher prices at the grocery store and stopped conduct that squeezes small businesses and communities across America,” she wrote on X Thursday evening. “Dismissing it is a gift to giant retailers as they gear up to hike prices.”

The decision comes little more than a week after top-ranking Democrats on Capitol Hill sent a letter to Pepsi demanding more information about its pricing strategy. They sought to revive a Biden-era focus on price-gouging as a driver of inflation, an argument that has taken a back seat to the Trump administration’s attention on purportedly unfair trade arrangements.

But major corporations continue to draw scrutiny from the White House over pricing in other ways. Last weekend, Trump slammed Walmart for warning that it was likely to raise prices to offset the costs of his import taxes, demanding on social media that it “EAT THE TARIFFS.”

In the days since then, other major consumer brands have appeared to tread cautiously around pricing. Target said Wednesday that charging customers more would be its “very last resort.” Home Depot virtually ruled out price hikes this week, and Lowe’s barely mentioned tariff impacts in its Wednesday earnings call at all.

CORRECTION (May 22, 2025, 8:45 p.m. ET): Due to an editing error, a previous version of this article misstated when congressional Democrats sent their letter to Pepsi. It was on May 11, not last weekend.

This post appeared first on NBC NEWS

Looking for breakout stocks and top market leaders? Follow along Mary Ellen shares stock breakouts, analyst upgrades, and sector leadership trends to help you trade strong stocks in today’s market.

In this week’s episode, Mary Ellen reveals the stocks leading the market higher and explains what’s fueling their strength. She highlights base breakouts, analyst upgrades, and leadership stocks gaining momentum. In addition, she screens for emerging breakout candidates you should have on your radar.

This video originally premiered May 16, 2025. You can watch it on our dedicated page for Mary Ellen’s videos.

New videos from Mary Ellen premiere weekly on Fridays. You can view all previously recorded episodes at this link.

If you’re looking for stocks to invest in, be sure to check out the MEM Edge Report! This report gives you detailed information on the top sectors, industries and stocks so you can make informed investment decisions.

In this video, Frank dives into some of his favorite features on StockCharts.com. He then dissects the S&P 500 and Bitcoin price action, before exploring the the XLK Technology ETF’s explosive move off the lows. He also highlights a few recent trade ideas and setups worth watching. Get trade ideas and chart setups worth watching in today’s technical review.

This video originally premiered on May 20, 2025.

You can view previously recorded videos from Frank and other industry experts at this link.

In this video, Joe shares how to use MACD and ADX indicators to analyze stock pullbacks, focusing on the good while avoiding the weak setups. He explains how these indicators can complement one another. Joe then shows the Summary Page in ACP and how he uses it on a regular basis to look at different markets, including the SPX, COMP, S&P 600, 10-Year Rates, Copper, Gas, and a few Country Funds. Finally, he goes through the symbol requests that came through this week, including CRSP, VC, and more.

The video premiered on May 21, 2025. Click this link to watch on Joe’s dedicated page.

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.

On Wednesday, only 4% of the S&P 500’s holdings logged gains — a pretty rare occurrence. Since the start of 2024, this has only happened three other times:

  • August 5, 2024: The last day of the summer correction
  • December 18, 2024: The Fed’s hawkish cut
  • April 4, 2025: Tariffs

Let’s recall that major trading lows were etched last August, and again just a few weeks ago in early April. The S&P 500 ($SPX) dropped 10% and 21%, respectively, from its peak to trough both times, with the lows being marked by emphatic capitulation events (April 7 was the real pivot low). The market’s rubber band violently snapped back in the ensuing weeks, both times.

FIGURE 1. PAST LOWS IN THE S&P 500 INDEX. Note the rebounds following the August 5, December 18, and April 4 drops.With the SPX now having gained 20% from the April low, the setup is more like mid-December 2024. The index had just gained 19% from early August through early December and was hovering near 6,100. The FOMC’s actions put a major dent in the calm uptrend.

The S&P 500 didn’t completely crumble after that, spending the next 10 weeks backing and filling. But the market’s character changed, and the cracks eventually gave way to the waterfall decline.

So, what does that tell us about this moment? There’s a clear risk given the one-sided advance the last few weeks, but, with bullish patterns still in play and the $SPX having built up a big cushion, it can afford to back and fill again now. It’s the first gut punch in four weeks, and the market must prove it can absorb it.

Short-Term View of the S&P 500

The drawdown measured from this Monday’s high now stands at -2.4% — most of which happened on Wednesday. Given how small the moves have been over the last few weeks, Wednesday’s big decline hit the 14-period relative strength index (RSI) on the two-hour chart very hard. It’s now at 41, which is very close to the 30-oversold threshold.

Again, we’ve seen the short-term indicator fall to oversold territory several times, even during the market’s upswing from August through December. Seeing that happen again this time wouldn’t be a surprise. If it happens, it will be important to see the ensuing bounce pull the SPX back to overbought territory relatively soon. Remember, we went nearly four months between overbought readings from late January through mid-May.

FIGURE 2. TWO-HOUR CHART OF THE S&P 500 WITH RSI.

S&P 500 Patterns

Despite the sell-off, there was no change in the patterns at work. The two bullish patterns remain in play, with targets of 6,125 and 6,555, respectively. The S&P 500 started Thursday, at about 2.5% above the last breakout zone (5,695).

FIGURE 3. DAILY CHART OF THE S&P 500 WITH BULLISH PATTERNS. Here you see the pattern with a 6,125 target.

FIGURE 4. DAILY CHART OF S&P 500 WITH 6,555 PRICE TARGET.

Monitor the VIX

Not surprisingly, the Cboe Volatility Index ($VIX) gained 15% on Wednesday in response to the market’s sell-off. It remains close to 20, but continues to log higher lows, which has been the trend since late 2024. Indeed, it’s way off spike highs from April, but it’s a trend worth watching.

Let’s recall that the VIX never truly capitulated in 2022, but its trend of higher lows coincided with the equity market’s downtrend. When the SPX logged a true low in October 2022, lower lows in the VIX became evident. This lasted through this past summer.

If the snapback in the SPX turns into a longer, new uptrend, the VIX’s uptrend will morph into a downtrend again.

FIGURE 5. WEEKLY CHART OF THE CBOE VOLATILITY INDEX ($VIX).

Bonds Display Bullish Patterns

The bullish pattern in the weekly 30-Year Treasury yields and 10-Year Treasury yields is crystal clear. An acceleration through the 2023 highs after Wednesday would have an obvious negative effect on stocks.

As discussed before, the equity market has shown it can advance with higher rates, as long as said rates go higher gradually. The intermittent up-moves in rates have been capped for the last two years as well. Thus, stocks have been able to withstand it. That wasn’t the case from January to September 2022, and that’s the potential concern.

FIGURE 6. WEEKLY CHART OF THE 30-YEAR US TRASURY YIELD INDEX.

FIGURE 7. WEEKLY CHART OF THE 10-YEAR US TREASURY YIELD INDEX.

Bitcoin Holding Strong

So far, Bitcoin has maintained noticeable relative strength even as stocks got hit hard on Wednesday. Simply put, continuing to hold above this breakout zone would keep the new measured move target of 142k in play.

FIGURE 8. WEEKLY CHART OF $BTCUSD WITH ITS MEASURED MOVE TARGET.

From another perspective, this move can also be viewed as the fourth wedge breakout since 2023. The prior three times, BTC’s 14-week RSI stayed very overbought for weeks before slowing down. The 14-week RSI is just approaching overbought levels, which suggests it has further to go.

FIGURE 9. WEEKLY CHART OF $BTCUSD WITH WEDGE BREAKOUTS AND RSI.

The British government is to rollout the use of medication to suppress the sex drive of sex offenders, as part of a package of measures to reduce the risk of reoffending and alleviate the pressures on the prison system, which is running out of space.

In a statement to Parliament Thursday following the release of an independent sentencing review, Justice Secretary Shabana Mahmood said so-called chemical castration would be used in 20 prisons in two regions and that she was considering making it mandatory.

“Of course, it is vital that this approach is taken alongside psychological interventions that target other causes of offending, like asserting power and control,” she said.

Though the review highlighted the treatment would not be relevant for some sex offenders such as rapists driven by power and control, rather than sexual preoccupation, Mahmood said studies show that chemical castration can lead to a 60% reduction in reoffending.

It’s been used in Germany and Denmark on a voluntary basis, and in Poland as mandatory for some offenders.

The recommendation was part of a wide-ranging review led by former justice secretary, David Gauke. As well as looking at ways to cut reoffending, Gauke recommended reforms to overhaul the prisons system, which is running at near-capacity.

One of the first things Mahmood did as justice minister after Labour returned to power after 14 years last July was sanction an early-release program for prisoners to free up space. She says she inherited a judicial system that had been neglected for years by the previous Conservative government and set up the review as a means to stabilize it.

“If our prisons collapse, courts are forced to suspend trials,” she said. “The police must halt their arrests, crime goes unpunished, criminals run amok and chaos reigns. We face the breakdown of law and order in this country.”

The review recommended that criminals could be released from prison earlier than currently, while judges could be given more flexibility to impose punishments such as driving bans. It also recommended that sentences of less than 12 months would also be scrapped, apart from exceptional circumstances such as domestic abuse cases. It also called for the immediate deportation for foreign nationals handed a three-year sentence or less.

The review called for higher investment in the probation service to allow officers to spend more time with offenders for their rehabilitation and extra funding for the many more being tagged in the community.

Mahmood responded by giving a 700 million-pound ($930 million) a year for probation within years.

“If the government doesn’t put the resources into probation that is necessary, then the risk here is that we won’t make progress on rehabilitation that we need, and there will be a public backlash against it,” Gauke said.

The prison population in England and Wales has doubled over the past 30 years or so to nearly 90,000. That’s despite a fall in crime rates and is driven in part by the fact that longer sentences are being handed out amid pressure to be tough on crime.

Robert Jenrick, the justice spokesman for the Conservatives, warned that scrapping short sentences would be effectively “decriminalizing” offenses like burglary, theft and assault. And tags, he said, are as useful as “smoke alarms putting out bonfires” in stopping reoffending.

In response, Mahmood said she was clearing up the mess left by the Conservatives and that the government has also embarked on the largest expansion of the prison estate since Victorian times in the 19th century.

This post appeared first on cnn.com

Organized crime and violence in the Mexican state of Sinaloa has forced a local sanctuary to close and transfer at least 700 animals – including elephants, tigers, lions, ostriches, chickens, monkeys, crocodiles, and hippos – to a new location 212 kilometers (approximately 131 miles) away.

The animals were relocated from the Ostok Sanctuary in Culiacan, a city in the Mexican state of Sinaloa, to Mazatlan, in the southern part of the state, due to ongoing violence, according to sanctuary director Ernesto Zazueta.

In recent months, violence between rival factions of the Sinaloa cartel has surged across the state in northwestern Mexico, particularly in Culiacan.

According to Zazueta, this is the largest relocation of wildlife in Mexico ever carried out due to violence.

Zazueta stated that the sanctuary closed due to threats to staff, robberies, and extortion attempts from criminal groups.

“Culiacan is the toughest area. We had never had problems in other occasions, but nowadays it became very difficult for us to even reach the sanctuary. They practically chased us out of the place because there were people who wanted to extort us,” Zazueta said.

Zazueta said the sanctuary came to its decision after one of its elephants, named Viki, had a problem with her leg and the staff realized that no veterinarian was willing to make the trip to Culiacan due to safety concerns.

This post appeared first on cnn.com

Fifty-five men from across France were arrested between Monday and Thursday morning as part of a large-scale operation to dismantle a pedophile network operating through the messaging service Telegram, according to France’s Office for the Protection of Minors.

“These 55 individuals all exchanged CSAM imagery (Child Sexual Abuse Material) with the dangerous pedophile, so we had digital evidence implicating all of them,” said Bevan.

Bevan said that the arrests are “the fruit of a ten-month long investigation.”

“It was a major investigation and infiltration operation on this Telegram group,” Bevan said. “We had to follow the exchanges, analyze them, and identify the individuals hiding behind these Telegram pseudonyms — especially those who had children, had criminal records, or worked in sensitive professions involving contact with children.”

Bevan said the men are from all ages and backgrounds: fathers, civil servants, military personnel, and paramedics.In France, the possession and distribution of child sexual abuse material is punishable by a five-year prison sentence and a €100,000 ($112,747) fine.

French authorities indicted Durov on August 28, 2024 on several charges, including money laundering and spreading child sex abuse material. Durov said in a statement soon afterwards that he was committed to improving his app’s moderation and that authorities were trying to hold him “personally responsible for other people’s illegal use of Telegram.”

This post appeared first on cnn.com