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“Iran believes in civilian dialogue,” he said. “Directly or indirectly is not important.”

“President Trump can easily stop the war by only one telephone (call) to (the) Israelis,” he said, repeating the Iranian position that talks were impossible while Israeli bombs were striking Iran.

Farahani said that Iran would not countenance halting nuclear enrichment – which Tehran insists is for peaceful purposes – but added that concessions were possible.

“Maybe it can be lower but we don’t stop it,” he said.

Iran says it needs enriched uranium for peaceful purposes, while also manufacturing large quantities of near-weapons-grade material.

Trump’s decision to open a two-week negotiating window before deciding on striking Iran has offered a slim – if improbable – path to a peace deal between Iran and Israel.

Talks are taking place in Geneva between the foreign ministers from Iran, Britain, France, and Germany, along with the European Union’s foreign policy chief, the first confirmed face-to-face meeting of its kind since the conflict began.

After days of increasingly aggressive messages from the Trump administration, it has opened the possibility that military action can be averted.

Indeed, Trump’s own camp appears to be starkly divided on whether to pursue direct strikes against Iran.

“If America gets involved in the war,” Farahani said, “there are so many options and all (of) those options are on the table.”

Pro-government protests Friday on the streets of Tehran saw an outpouring of anger at both Israel and the United States.

Chants of “death to Israel, death to America” – a staple at such events – rang out, while Iranians spoke of their fury at the bombing campaign.

This post appeared first on cnn.com

US President Donald Trump’s self-imposed two-week delay to decide whether to strike Iran has sparked confusion and conjecture in Israel.

Some of Israel’s most senior officials had openly pushed for US involvement, arguing that American military involvement can shorten the conflict and allow Israel to achieve its goal of removing what is has long perceived as an existential threat of a nuclear Iran armed with ballistic missiles.

But after Trump’s new timeline, Israel’s political leaders are being careful in their statements, not wanting to be seen as pushing the president into the exact type of Middle East conflict he has long sought to avoid. Netanyahu and others are more cautious now in their public messaging, extolling the potential benefits of US involvement without calling for it.

US involvement would dramatically change the nature of the conflict, Israel has argued, including a far greater chance of successfully striking Iran’s Fordow nuclear facility, which is hidden deep in a mountain south of Tehran. Such a decisive strike would likely require 30,000-pound bunker buster bombs carried only by American bombers.

“There is an understanding that the Israelis will go for Fordow anyway, but it can be much nastier and less decisive without the Americans,” said Yaki Dayan, the former Israeli consul general in Los Angeles.

After the first week of Israel’s strikes in Iran, the Israeli military no longer has the element of surprise, and the country’s political leadership must decide how far to go with the campaign, a decision that relies heavily on what Trump decides to do.

Israel has followed closely the debate within Trump’s MAGA base between the more isolationist wing that opposes US involvement in a new Middle East war and the camp that sees this as the best opportunity for decisive military action against Iran.

Publicly, Netanyahu has effusively praised Trump. On Wednesday, the Israeli leader said the two speak “frequently.” In a pre-recorded video statement, Netanyahu said, “I think President Trump for his backing.”

But Trump has deviated from the US’ traditional pro-Israel footing in the Middle East, including on negotiations with Iran, a ceasefire deal with the Houthis, and a trip to the region that skipped Israel. The White House decisions have exposed sharp divides between the two leaders.

Even so, the two governments have maintained an ongoing dialogue since Israel began attacking Iran. Dayan said that coordination between Netanyahu and Trump is “much better than people think,” but acknowledged that Trump makes decisions unilaterally, after consulting only a small circle of advisers.

Iranian Foreign Minister Abbas Araghchi was meeting his counterparts from the UK, Germany and France on Friday in Switzerland, which will allow the US to gauge the viability of a diplomatic solution to Iran’s nuclear program. On Thursday, the White House said the contact between the US and Iran “has continued” without offering any details of the communications, even as Trump weighs military strikes.

Trump’s ‘smoke and mirrors’

But the government has not signaled any sense of hysteria about Trump’s decision to hold off on a strike on Iran for two weeks.

“He wouldn’t give himself a deadline that he would have to keep to if he hadn’t already made the decision,” the official said, while acknowledging this interpretation is the most favorable to Israel.

“If you follow the statements for the last two or three weeks, it’s been a lot of zigzagging,” said another Israeli official.

What seemed like a certainty to Israeli officials just 48 hours ago – that Trump would order US military involvement – now appears far less assured. Trump went from saying “we now have complete and total control of the skies over Iran” – taking credit for Israel’s military successes – to giving himself two more weeks to make what could be one the most fateful foreign policy decisions of his presidency.

Israel launched the operation against Iran without a commitment from the US that it would take part in the campaign, officials have said, but the belief was that the headlines of Israel’s military accomplishments could entice Trump to authorize US military involvement.

But as the campaign enters its second week, Israel’s “pace of success is slowing down,” the official said. And as Israel continues its operations over Iran – roughly a thousand miles away – the likelihood of error is increasing, which could affect not only Israel’s actions, but also reduce the chance of US involvement.

“Every day that this goes on, there’s a greater chance that something goes wrong,” the official said, without elaborating.

Pinkas said Trump’s deadline to make a decision underscores that the American leader “cannot be deciphered.” It also raises the possibility that “maybe Netanyahu overplayed his cards here,” he added.

This post appeared first on cnn.com

Suga, a rapper and songwriter in the global K-pop sensation BTS, has been discharged from South Korea’s mandatory military service, marking the official return of all seven members from their enlistment duties.

The label confirmed that Suga completed his alternative service duties on Wednesday after using up his remaining leave. His official discharge date is Saturday.

BTS’ management agency, Big Hit Entertainment, had said earlier that no events were planned for Suga’s release out of concern for overcrowding.

It is a momentous occasion for fans of the K-pop group BTS. The seven singers of the popular K-pop band plan to reunite as a group sometime in 2025 now that they’ve finished their service.

Last week, BTS superstars RM and V were discharged from South Korea’s military after fulfilling their mandatory service. Jimin and Jung Kook were discharged a day later. All four were enlisted in December 2023.

Six of the group’s seven members served in the army, while Suga fulfilled his duty as a social service agent, an alternative form of military service.

Jin, the oldest BTS member, was discharged in June 2024. J-Hope was discharged in October.

In South Korea, all able-bodied men aged 18 to 28 are required by law to perform 18-21 months of military service under a conscription system meant to deter aggression from rival North Korea.

The law gives special exemptions to athletes, classical and traditional musicians, and ballet and other dancers if they have obtained top prizes in certain competitions and are assessed to have enhanced national prestige. K-pop stars and other entertainers aren’t subject to such privileges.

However, in 2020, BTS postponed their service until age 30 after South Korea’s National Assembly revised its Military Service Act, allowing K-pop stars to delay their enlistment until age 30.

There was heated public debate in 2022 over whether to offer special exemptions of mandatory military service for BTS members, until the group’s management agency announced in October 2022 that all seven members would fulfill their duties.

This post appeared first on cnn.com

Heineken has lost operational control and withdrawn its staff from its facilities in conflict-affected areas of eastern Democratic Republic of Congo, the Dutch brewer said on Friday.

The beverages giant said in March that its operations in three eastern cities would remain suspended until it was safe to reopen, after some of its breweries were hit and its depots raided during fighting between the army and rebels.

But on Friday, the beer maker said the situation had deteriorated further, and that armed personnel had taken control of its facilities in Bukavu and Goma – eastern Congo’s two biggest cities, now under rebel control – and nearby areas.

“The conditions required to operate responsibly and safely are no longer present and as of 12th June 2025, we have lost operational control,” it said in a statement.

Heineken’s Congo unit, Bralima, still operates in other parts of the country not affected by the conflict, the company said, adding that it would continue assessing the evolving situation.

The group owns four breweries in Congo, producing Heineken beer as well as other popular brands like Primus. The Bukavu facilities employed around 1,000 people both directly and indirectly, it had said previously.

“Our top priority is the safety and wellbeing of our employees,” its Friday statement said. “We have withdrawn all remaining staff from these sites and we have continued to support them financially.”

Nearly 14% of Heineken’s total revenues come from its businesses in the Middle East and Africa, where Congo, with its population of over 100 million, is a large market.

Its operations in the cities of Goma, Bukavu and Uvira had together previously accounted for roughly a third of Heineken’s business in Congo.

Fighting in eastern Congo escalated this year as the M23 rebel group staged a rapid advance that raised fears of a wider conflict.

Congo says Rwanda is supporting M23 by sending troops and arms. Rwanda has long denied helping M23.

The two countries and the United States said on Wednesday that their technical teams initialed a draft peace agreement that is expected to be signed next week.

This post appeared first on cnn.com

Apple has plans to make a folding iPhone starting next year, reliable analyst Ming-Chi Kuo said on Wednesday.

Kuo said Apple’s folding phone could have a display made by Samsung Display, which is planning to produce as many as eight million foldable panels for the device next year. However, other components haven’t been finalized, including the device’s hinge, Kuo wrote. He expects it to have “premium pricing.”

Kuo is an analyst for TF International Securities, and focuses on the Asian electronics supply chain and often discusses Apple products before they’re launched.

He wrote in a post on social media site X that Apple’s plans for the foldable iPhone aren’t locked in yet and are subject to change. Apple did not respond to CNBC’s request for comment.

Apple’s iPhone makes up over half of Apple’s business and remains an incredibly profitable product, accounting for $201 billion in sales in the company’s fiscal 2024. But iPhone revenue peaked in 2022, and Apple is constantly looking for ways to attract new customers and convince its current customers to upgrade to more expensive devices.

Several of Apple’s rivals, including Huawei and Samsung, have been releasing folding smartphones since 2019.

The devices promise the screen size of a tablet in a format that can be stored in pants pockets. But folding phones still have hardware issues, including creases in the display where it is folded.

Folding phones also have yet to prove they drive significant demand after the novelty wears off.

Research firm TrendForce said last year that only 1.5% of all smartphones sold can fold. Counterpoint, another research firm tracking smartphone sales, said earlier this year that the folding market only grew about 3% in 2024 and is expected to shrink in 2025.

This post appeared first on NBC NEWS

Crude oil futures rose more than 1% on Thursday, after Prime Minister Benjamin Netanyahu ordered Israel’s military to intensify attacks against Iran.

U.S. crude oil was last up $1.36, or 1.81%, to $76.50 per barrel by 9:38 a.m. ET, while global benchmark Brent added $1.10, or 1.43%, to $77.80 per barrel. Prices have gained more than 11% over the seven days since Israel began pounding Iran’s nuclear and missile programs.

Follow along for live coverage

Netanyahu ordered Israel’s military to intensify attacks on “strategic targets” in Iran and “government targets” in the country’s capital, Tehran, Israel Defense Minister Israel Katz said in a social media post. The goal of the strikes is to “undermine the ayatollah’s regime,” Katz said.

Israel’s decision to escalate its military operation against the Islamic Republic comes after an Iranian missile reportedly struck a major hospital in the southern city of Beersheba. Katz threatened Iran’s leader Ayatollah Ali Khamenei in the wake of the hospital strike.

Katz said Israel’s military “has been instructed and knows that in order to achieve all of its goals, this man absolutely should not continue to exist,” referring to Khamenei.

President Donald Trump is still considering whether to order a U.S. strike on Iran’s nuclear program. “I may do it, I may not do it, I mean nobody knows what I’m going to do,” Trump told reporters Wednesday.

JPMorgan warned on Wednesday that regime change in a major oil producing country like Iran could have a profound impact on global oil prices. Iran is one of the top producers in OPEC.

“If history serves as a guide, further destabilization of Iran could lead to significantly higher oil prices sustained over extended periods,” Natasha Kaneva, head of global commodities research at JPMorgan, told clients in a note.

Supply losses in the wake of a regime change “are challenging to recover quickly, further supporting elevated prices,” Kaneva said.

This post appeared first on NBC NEWS

Follow along with Frank as he presents the outlook for the S&P 500, using three key charts to spot bullish breakouts, pullback zones, and MACD signals. Frank compares bearish and bullish setups using his pattern grid, analyzing which of the two is on top, and explains why he’s eyeing SMCI and AMD as potential trades. From there, he wraps the show with a look at some ETF plays.

This video originally premiered on June 17, 2025.

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

Joe presents his game-changing “undercut and rally” trading pattern, which can be found in high volatility conditions and observed via RSI, MACD and ADX signals. Joe uses the S&P 500 ETF as a live case study, with its fast shake-out below support followed by an equally quick rebound; a good illustration of why lagging indicators can’t be trusted right after a vertical drop.

In addition, Joe maps out three possible scenarios for the S&P: (1) an orderly pullback, (2) a disorderly slide that erases moving-average support, or (3) a breakout. He closes by analyzing viewer requests, spotlighting DOCS and KMI for constructive consolidations, and flagging PGEN as still too weak for a swing entry.

The video premiered on June 18, 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.

The Fed should absolutely stop talking about being “data dependent”. That’s so far from the truth. If they were data dependent, we’d have either seen a rate cut today or Fed Chief Powell would have been discussing one for the next meeting. Inflation reports since the last Fed meeting have been benign. Economic reports, on the other hand, have shown weakness and are pointing to the need for lower interest rates.

Powell was having none of it. During Wednesday’s press conference, one reporter asked the Fed Chief why the Fed was able to lower rates in December, despite knowing that tariffs and their potential impacts were on the way. I thought it was a great question, because Powell was using future tariff impacts on inflation as the primary reason for holding rates steady today. It was a perfect illustration of The Waffler at his best. When another reporter asked Powell about his frequent comments that the Fed is data dependent and that all current data points to the need for an interest rate cut, The Waffler noted the Fed needs to “look ahead”. So which is it? Is interest rate policy being guided by current data or by looking ahead?

This is a repeat of 2021 and 2022. Remember all the inflation news and how The Waffler said inflation was transitory. I guess he was looking ahead when he made those comments. He and his band of wafflers looked ahead and got it wrong. Then, inflation data poured in higher than expected for months and he finally started his data dependency talk.

The Fed has been late to every single party for 7 years now and running. They’re running late again. Eventually, Mr. Waffler will get it right and our major indices will all move to all-time highs. For now, though, the reason for any period of consolidation or, worse yet, selling can be laid at the doorstep of none other than The Waffler.

Personally, I’m exhausted by the constant “listen to what I say until I change it” approach to interest rate policy. Yes, we’ve had a 100-year pandemic and a resulting inflation problem that’s been worse than any since the 1970s. We’ve had two trade wars. I get it. But I firmly believe that the extreme volatility and the four (FOUR!!!!!!!) cyclical bear markets that we’ve endured since The Waffler became the Fed Chief is, in large part, his fault. He was sworn in on February 5th, 2018 and the stock market has been a roller coaster ever since:

Name the last time that the U.S. has seen 4 different cyclical bear markets, all starting from all-time highs, within a 7-year period. Start the Jeopardy music.

His mismanagement of interest rates didn’t start with the pandemic. I wrote an article in December 2018, during his first year, saying that his call for two rate hikes in 2019 would never happen. The next interest rate move? A cut several months later in 2019. Here’s the article I wrote back then as we bottomed in December 2018:

“How The Grinch Stole Christmas” Featuring Jerome Powell

No one has been wrong more than The Waffler.

Now maybe you’re sitting back and saying, “Tom, what’s the big deal? The tariffs are a threat. Why not just wait it out and be sure there are no lingering inflationary pressures?” Well, if you don’t mind the potential of a 5th cyclical bear market before we finally boot this guy to the curb, then I say GO FOR IT. Why try to hasten an economic meltdown when it’s unnecessary? Who believes anything The Waffler says? He said we were going to get two rate hikes in 2019. We got an interest rate cut instead. He said inflation was transitory in 2021. Then the Fed had to start raising rates at an absurd rate, because inflation skyrocketed and he waited way too long to turn hawkish. The stock market bottomed in June 2022 and was returning back towards all-time highs just prior to his infamous “more pain ahead” speech from Jackson Hole, WY on August 26th, 2022. Subsequent to that speech, the stock market fell precipitously for two months before once again finding a new bottom. That entire selling episode was caused solely by his irresponsible remarks.

And now where are we? Holding rates steady while the European Central Bank (ECB) has cut rates for 8 straight meetings. The Waffler will eventually get it right. Unfortunately, a lot of innocent investors and traders will continue to pay the price – until someone finally shows him the exit.

His term expiration cannot get here soon enough for me. GOOD RIDDANCE MR. WAFFLER!

Market Manipulation

I’ve written often about what I call the “legalized thievery” of market makers. The extreme volatility over the past several years has triggered market manipulation like we’ve never seen before. The good news is that once you understand how it works, trading the stock market gets a whole lot easier. At EarningsBeats.com we’ve timed exits out of the stock market almost perfectly, prior to the onset of cyclical bear markets. Missing out on 20%+ declines and then jumping back in at or near major bottoms increases stock market returns dramatically.

It’s time that everyone understands how the stock market works. On Saturday, June 28th, at 10:00am ET, we will be hosting a FREE webinar, “Trading the Truth: How Market Manipulation Creates Opportunity”. This event promises to be a real eye-opener, unless you’re already an EarningsBeats.com member (in which case you’ve already become a seasoned veteran regarding manipulation). Do you want to see big stock market declines before they happen? I will teach you how.

Seating is limited and this event will be packed, I can guarantee you that. PLEASE be sure to register NOW and save your spot. Again, there is NO COST. Registration is easy. Simply CLICK HERE to register and for more information.

(By the way, if you’re not available to attend LIVE on Saturday, June 28th, you should still register. All those who register will receive a copy of the recording after the event and it will be time stamped.)

Happy trading!

Tom

Hungarian police said on Thursday in a statement that they were banning the Budapest Pride march of the LGBTQ+ community planned for June 28.

Hungary’s parliament, in which Prime Minister Viktor Orban’s right-wing Fidesz Party has a big majority, passed legislation in March that created a legal basis for police to ban LGBTQ marches, citing the protection of children.

Budapest’s liberal mayor Gergely Karacsony tried to circumvent the law when he announced on Monday that since the Budapest Pride march will be a municipal event “no permits from authorities are needed”.

Budapest metropolitan police, however, said the law applied to the event organised by the mayor and banned it.

The police ban has “no relevance” as authorities were not officially notified of the plans for the event, Karacsony said on Facebook.

“The Metropolitan Municipality will host the Budapest Pride Freedom Celebration on June 28, the day of Hungarian freedom, as a municipal event. Period,” the mayor wrote. Tens of thousands of people are expected to attend the protest.

Orban faces a challenging election in 2026 where a new surging opposition party poses a threat to his rule.

His government has a Christian conservative agenda and its intensifying campaign against the LGBTQ community has aimed to please Fidesz’s core voters, mostly in the countryside.

Orban said in February that organisers should not even bother organizing Pride in Budapest this year.

This post appeared first on cnn.com