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Boeing has lost more than $2 billion and counting on its Starliner spacecraft after a rough year in which the capsule’s first astronaut flight turned into a headache for NASA.

The Starliner program reported charges of $523 million for 2024 — its largest single-year loss to date — Boeing reported in a filing on Monday. The company noted that Starliner is under a fixed-price contract from NASA, so “there is ongoing risk that similar losses may have to be recognized in future periods.”

Since 2014, when NASA awarded Boeing with a nearly $5 billion fixed-price contract to develop Starliner, the company has recorded losses on the program almost every year.

Boeing’s program competes with Elon Musk’s SpaceX, which has flown 10 crew missions for NASA and counting on its Dragon capsules.

Last summer, Boeing’s first crew flight went awry after part of the capsule’s propulsion system malfunctioned. While Starliner delivered astronauts Butch Wilmore and Suni Williams to the International Space Station, NASA made the decision to bring Starliner back empty and use SpaceX to return the crew early this year — an agency choice that recently became politicized.

Neither Boeing nor NASA have provided details on how or when they plan to resolve the Starliner propulsion issue.

Boeing last week confirmed that Starliner Vice President Mark Nappi was leaving his role, Reuters reported, with the company’s ISS program manager John Mulholland named as his replacement. Mullholland previously led the Starliner program from 2011 to 2020.

Nearly four months ago, NASA said it was keeping “windows of opportunity for a potential Starliner flight in 2025,” but scheduled SpaceX to fly both its crews on missions launching in spring and late summer. NASA then specified that “the timing and configuration of Starliner’s next flight will be determined once a better understanding of Boeing’s path to system certification is established.”

The agency has not given an update on Starliner since making those comments in October.

This post appeared first on NBC NEWS

Mattel could soon raise the prices of toys such as Barbie and Hot Wheels in response to new tariffs imposed by President Donald Trump, executives said Tuesday. 

The toy giant, which manufactures about 40% of its toys in China and less than 10% in Mexico, told analysts it will look to move around its supply chain to mitigate the effect of tariffs, but it is also considering price hikes.

“Certainly against the tariff, we have a range of mitigating actions,” said finance chief Anthony DiSilvestro on the company’s fiscal fourth-quarter earnings call. He said those actions include leveraging Mattel’s supply chains and “potential price increases.” 

“We do work closely with our retail partners to achieve the right balance and always keep consumers in mind when we consider pricing actions,” he added. 

The comments come after Trump imposed a 10% tariff on Chinese goods this week. He also paused planned 25% duties on imports from Mexico and Canada for 30 days.

Mattel Inc. Hot Wheels cars.Daniel Acker / Bloomberg via Getty Images file

Economists on both sides of the aisle have agreed that the levies will likely lead to price increases for consumers. There is no guarantee Trump will impose the tariffs on Mexico and Canada, as he has often used the threat of duties as a negotiating tactic to bend foreign governments to his will. 

Shortly after Trump announced the 25% tariff on goods from Canada and Mexico, both countries announced they would bolster security at their respective borders, leading Trump to suspend the duties. The two nations had already been enhancing border security before Trump’s threat.

China and the U.S. have yet to come to a similar agreement to avoid the tariffs. If the 10% duty remains in effect, it will have a significant effect on the toy industry, which sources about 80% of its goods from the region. 

While companies such as Mattel have said publicly that they plan to leverage their supply chains and work with suppliers to mitigate the effects of the tariffs, executives have admitted privately that they are loath to take on the cost themselves and reduce profits. If they are not able to pass on the entire cost of the tariffs to suppliers, some plan to have consumers pay the rest through price hikes.

Some companies with diversified supply chains such as Mattel, which operates its own and third-party factories in seven different countries, have more flexibility to move production and lean on suppliers to lessen the hit to profits. It also does about 40% of its business outside of North America, where tariffs are not being imposed in the same way they are in the U.S. 

By 2027, Mattel expects sourcing from Mexico and China to represent more than 25% of total global production, down from about 50% now. It does not currently source from Canada.

This post appeared first on NBC NEWS

Disney posted fiscal first-quarter earnings Wednesday that beat on the top and bottom lines, but revealed the beginnings of expected streaming subscriber losses at Disney+.

The company’s streaming business reported another quarter of profitability despite a 1% decline in subscribers for Disney+, the company’s flagship service. While domestic subscriptions for the platform increased around 1%, international numbers declined around 2%. 

Disney warned during its fiscal fourth-quarter report in November that it expected a “modest decline” in subscriptions during the December period. Disney told investors Wednesday that it expects another “modest decline” in subscribers during the second quarter. 

Total paid Disney+ subscriptions stand at 124.6 million, compared to 125.3 million at the end of the company’s fiscal fourth quarter. Total Hulu subscriptions rose 3% during the period to 53.6 million.

The slowdown in streaming subscriber growth follows an increase in prices for its services last year. Disney+’s average monthly revenue per paid subscriber increased roughly 4% to $7.99 due to those price hikes, the company said.

Disney’s stock was up about 2% in premarket trading.

Here is what Disney reported for the period ended December 28 compared with what Wall Street expected, according to LSEG

Disney’s net income increased nearly 23% to $2.64 billion, or $1.40 per share, from $2.15 billion or $1.04 per share, during the same quarter last year. Adjusting for one-time items including restructuring charges and impairments related to intangible Hulu assets, Disney reported adjusted earnings of $1.76 per share. 

Revenue increased 4.8% to $24.69 billion compared to $23.55 billion in the year-earlier period.

The company saw revenue gains across the board for its entertainment, sports and experience segments. 

Its entertainment division saw a 9% jump in revenue, reaching $10.87 billion. Operating income for the unit, which includes its direct-to-consumer, linear and content sales businesses, increased 95% to $1.7 billion during the quarter thanks to higher content sales and licensing. Linear continued to drag on overall results. 

Still, CEO Bob Iger remained positive on Wednesday’s call with investors when it came to the linear TV business, echoing similar comments made in November’s earnings call.

“They are not a burden at all. They are actually an asset,” Iger said Wednesday, noting that Disney is programming and funding the networks so they can feed into streaming.

While he said he wouldn’t rule out the possibility of changes to the TV networks in the future, he said that wouldn’t be now.

“We actually feel good about the hand that we have and the manner in which we’re managing both the linear and streaming businesses across the board,” Iger said.

Disney’s box office success helped lift the company’s results during the quarter.

The debut of “Moana 2” over Thanksgiving weekend helped push the box office to new heights. The animated sequel was still going strong at the box office through the new year, topping $1 billion during the Martin Luther King Jr. Day weekend. The company noted Wednesday its content sales/licensing and other operating income got a boost from “Moana 2.”

Overall, Disney dominated the box office in 2024, with the help of other films like Marvel’s “Deadpool & Wolverine” and Pixar’s “Inside Out 2.”

The company said it expects double-digit growth in operating income for the entertainment segment in fiscal 2025, with an increase in direct-to-consumer operating income of around $875 million.

Over at its experiences business, which includes parks, cruises and resorts as well as consumer products, revenue rose 3% during the quarter to $9.42 billion. 

Domestic theme park revenue accounted for 68% of the division’s total, or $6.43 billion. While that revenue marked a 2% improvement over the same quarter last year, the combination of Hurricanes Milton and Helene coupled with declines in attendance and investments in Disney’s fleet of cruise ships weighed on domestic operating income. 

The experiences division posted a 5% decline in domestic theme park operating income for the quarter, at $1.98 billion. 

Disney expects its experience segment to see operating income growth of between 6% and 8% in fiscal 2025.

Theme parks in the U.S. have recently experienced a slowdown in foot traffic following the post-Covid surge in attendance.

Disney CFO Hugh Johnston said Wednesday on CNBC’s “Squawk Box” that the experiences segment performed better than expected for the fiscal quarter.

“In fact, the consumer is a bit stronger than we would have expected,” Johnston said Wednesday. “I think what we’re seeing is consumers are just very value focused, and you deliver value to them, they’re willing to pay the price for it.”

Disney’s parks recently turned a record revenue and profit, even as the company has raised prices for its destinations. The company is in the midst of a 10-year, $60 billion investment in the segment.

In sports, Disney’s ESPN reported revenue growth of 8% year over year, reaching $4.81 billion, and operating income that was up 15% from the prior-year period to $228 million. 

The company expects operating income for its overall sports segment, which houses ESPN as well as Star India, to grow 13% in fiscal 2025.

Disney said on Wednesday that its sports segment operating incoming for the fiscal second quarter would be “adversely impacted” by about $100 million related to the shifting of three College Football Playoff games from the first quarter into the second quarter as well as an additional NFL game during the period.

This fall Disney’s networks broadcasted the entirety of the Southeastern Conference college football schedule.

Disney’s broadcaster ABC averaged 5.8 million viewers for 46 regular season college football games, which was a 56% year-over-year increase, Disney executives noted in a commentary release on Wednesday. The recent college football season helped lift Disney’s advertising revenue this past season.

Meanwhile, Disney also said that guidance for unit operating income includes a roughly $50 million hit tied to its exit from the Venu sports joint venture. Disney and its joint venture partners, Warner Bros. Discovery and Fox, called off their efforts to move forward with Venu, which was supposed to be a streaming app that included all of the live sports from its parent companies.

The change in strategy came after legal headaches that halted the launch of Venu last fall.

The rise of skinny bundles — traditional pay TV distributors’ slimmed-down offerings focused on sports and news networks — were a contributing factor, too. Iger said on Wednesday’s call with investors that Venu “basically looked redundant to us,” next to skinny bundle offerings.

As a result of the Venu stoppage, Fox on Tuesday announced it would move forward with its own streaming service after years of staying largely on the sidelines of the direct-to-consumer streaming game. Fox executives also noted that skinny bundles would benefit its portfolio of networks.

Disney has been looking into various ways to grow its streaming options, from merging its apps into Disney+ to exploring different options for ESPN, such as Venu.

The company also plans to launch its own direct-to-consumer streaming app for ESPN this fall, which has been the priority, company executives said Wednesday.

“We’re obviously leaning into the development of what is now called ‘Flagship,’ which is essentially ESPN with multiple, mulitple elements to it,” Iger said Wednesday, noting sports betting and consumers’ ability to customize the platforms to their preferences.

Disclosure: Comcast, which owns CNBC parent NBCUniversal, is a co-owner of Hulu.

This post appeared first on NBC NEWS

Monday’s market opening was a doozy, with all three indices down nearly 2% in overnight trading. This was in response to President Trump’s 25% tariffs on Mexico and Canada and a 10% tariff on China. Eventually, the indices were able to stem their losses as Trump paused the tariffs on Canadian and Mexican imports for a month, a strategic move aimed at pressuring trade negotiations.

Before the markets stabilized, however, I ran a few scans to identify stocks bucking the trend, looking for resilience amid fears of escalating trade tensions. Using StockCharts’ MarketCarpets, I quickly zoomed in on the Consumer Staples sector—one of the most tariff-sensitive areas likely to impact consumers.

FIGURE 1. MARKETCARPETS 1-DAY VIEW OF CONSUMER STAPLES.  Walmart and Costco were among the top-gaining stocks in the sector. While both are exposed to tariff pressures, their positioning and scale allow them to mitigate the impact differently.Image source: StockCharts.com. For educational purposes.

Following this, I chose to run a scan for Outperforming SPY: 52-Week Relative Highs to identify top-gaining stocks in the Consumer Staples sector.

FIGURE 2. SCAN RESULTS FOR OUTPERFORMING SPY: 52-WEEK RELATIVE HIGHS.  Three big grocery stocks came up—COST, WMT, and SFM.Image source: StockCharts.com. For educational purposes.

Here’s where it gets interesting:

Costco (COST) benefits from a loyal membership base, bulk discounts, and strong private label offerings, helping it absorb tariff-related costs. Its diversified supply chain and purchasing power further mitigate exposure.

Walmart (WMT) enjoys similar economies of scale and private label advantages, but if consumers trade down or cut discretionary spending, margin pressures could weigh on revenues.

Sprouts Farmers Market (SFM) sources some products locally but relies heavily on Mexican imports. If rising prices make customers more price-sensitive, they may shift to larger chains like Walmart or Costco. Among the three, SFM is most at risk in the event of a prolonged trade war with our local neighbors.

Let’s take a one-year look back using the StockCharts PerfCharts and see how these stocks performed relative to the Consumer Staples Select Sector SPDR Fund (XLP), a sector proxy, and the S&P 500 ($SPX).

FIGURE 3. PERFCHARTS ONE-YEAR VIEW OF XLP, COST, WMT, SFM, AND $SPX. Note how far SFM outperformed them all.Chart source: StockCharts.com. For educational purposes.

I’ve written about SFM before, but I wasn’t expecting the stock to have outperformed its peers in the way that it has over the last year. All three stocks outperformed the S&P 500, while XLP underperformed the broader market.

Now it’s time to zoom in, starting with a daily chart of COST.

FIGURE 4. DAILY CHART OF COST. Relative to the Consumer Staples Bullish Percent Index ($BPSTAP), Costco is remarkably bucking the trend.Chart source: StockCharts.com. For educational purposes.

Costco is poised to break above resistance at $1,008, a move that would push the stock to an all-time high. But does it have the momentum to sustain the rally? While breadth in the sector looks weak, with just 29% of stocks flashing Point & Figure buy signals according to the Consumer Staples sector’s Bullish Percent Index (BPI), COST stands out as an exception alongside two other names. The Relative Strength Index (RSI) suggests the stock is entering overbought territory but still has room to run, while the StockCharts Technical Rank (SCTR) has just cleared the bullish 70 threshold, although it has struggled to hold above the ultra-bullish 90 level.

If the breakout fails, key support levels are $908 and $870. Momentum and volume are critical indicators of any potential bounce.

Shifting to a daily chart of WMT, the stock has maintained a steady uptrend with minimal volatility, aside from a summer dip, a sharp November rally, and a December pullback. The stock recently cleared resistance at $96, propelling it toward an all-time high.

FIGURE 5. DAILY CHART OF WMT. The stock price is at all-time highs. Volume and momentum are giving slightly, which may signal a pullback. Watch the Keltner Channel bands that are overlaid on the price chart.Chart source: StockCharts.com. For educational purposes.

The SCTR score remains around 90, signaling strong technical momentum across multiple timeframes. Keep an eye on price as the RSI is signaling potential overbought territory.

In terms of volume, the Chaikin Money Flow (CMF) indicates a surge in buying pressure, reinforcing bullish sentiment. If WMT pulls back, keep an eye on the Keltner Channel bands, which act as both a trend indicator and dynamic support/resistance levels. Additionally, the most recent swing low of around $90 could serve as a key support zone.

Now, the strongest performing stock of the bunch: Sprouts. Below is a daily chart of SFM.

FIGURE 6. DAILY CHART OF SFM. This stock is the outperformer of the bunch. Watch key support levels (blue dashed horizontal lines) should it pull back.Chart source: StockCharts.com. For educational purposes.

Sprouts Farmers Market has exhibited strong technical momentum throughout 2024, mirroring WMT’s bullish trajectory. With the stock breaking above $155 to reach an all-time high, the Money Flow Index (MFI) signals overbought conditions, hinting at a potential pullback. If selling pressure emerges, key support levels to watch include prior resistance at $155, a congestion zone between $138 and $143, and the major swing low around $125. While MFI confirms strong volume and momentum, it also suggests that the rally may be a bit stretched in the short term.

At the Close

Costco, Walmart, and Sprouts Farmers Market have outperformed their sector peers, defying broader weakness in the group. While strong sector performance usually provides a tailwind for individual stocks, the opposite scenario raises concerns that sector-wide pressure could eventually drag these leaders lower. Monitor their key levels closely, especially during pullbacks, to determine whether they present a buying opportunity or a signal to stay on the sidelines.

If some stocks, like COST, are too pricey to buy several positions outright, check out StockCharts’ OptionsPlay Strategy Center to discover alternative strategies that align with your directional bias and risk tolerances, allowing you to capitalize on market opportunities more efficiently.


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.

In this exclusive StockCharts video, Julius shares a new approach to seasonality by using a more granular, data-set constructed UDI (User Defined Index) for every sector. Using the UDI functionality on StockCharts.com allows Julius to plot the seasonal patterns for each sector forward to the end of 2025 and overlay the current chart to spot (dis)alignments.

This video was originally published on February 4, 2025. Click on the icon above to view on our dedicated page for Julius.

Past videos from Julius can be found here.

#StayAlert, -Julius

In this video, Dave reveals three common behavioral biases, shows how they can negatively impact your portfolio returns, and describes how to use the StockCharts platform to minimize these biases in your investment process. He also shares specific examples, from gold to Pfizer to the S&P 500, and explains how a consistent use of technical analysis tools can help you overcome these biases to experience better returns!

This video originally premiered on February 4, 2025. Watch on StockCharts’ dedicated David Keller page!

Previously recorded videos from Dave are available at this link.

A rebel group that claimed to have captured the city of Goma in the eastern Democratic Republic of Congo last week has called for an immediate humanitarian ceasefire, after fighting with the Congolese military has left hundreds of people dead.

In a statement on Monday, the rebel coalition, Alliance Fleuve Congo (AFC) – which includes the M23 armed group – said it had declared the truce, starting Tuesday, “in response to the humanitarian crisis caused by the Kinshasa regime,” referring to DR Congo’s government.

The DRC and much of the international community have accused neighboring Rwanda of backing the M23 rebels.

It is unclear if the Congolese army will agree to the ceasefire. Previous interventions, including truce agreements, failed to cease hostilities.

“Have you seen the Rwandans do what they say? It (the ceasefire announcement by the rebels) is a communication for international consumption and to put the international community to sleep on its feet,” he said.

United Nations experts also estimate that up to 3,000-4,000 Rwandan soldiers are supervising and supporting M23 fighters in the east of the DRC, outnumbering the rebel group’s forces in the country.

Last week, DRC leader Felix Tshisekedi vowed “a vigorous and coordinated response” against M23, describing the group as Rwanda’s “puppet.”

Fighting erupted last week as the rebels advanced into Goma, the capital of DRC’s North Kivu province.

More than a dozen foreign peacekeepers, as well as the military governor of North Kivu, were killed trying to fend off the rebels, and thousands of locals were displaced.

According to the UN’s latest figures, at least 900 bodies have been recovered from the streets of Goma, and around 2,880 injuries have been recorded since the end of January. A report by the UN’s Office for the Coordination of Humanitarian Affairs (OCHA) said many healthcare facilities are overcrowded and in urgent need of medicine and equipment.

The rebel alliance emphasized it has “no intention of capturing Bukavu or other areas,” referring to the capital city of the neighboring South Kivu province, where many displaced people from Goma had fled.

“However, we reiterate our commitment to protecting and defending the civilian population and our positions,” it said.

Rebel leader Corneille Nangaa also told Rwandan media last week that his group’s objective was “to go to Kinshasa.”

“We are going to fight until we get to Kinshasa. We have come to Goma to stay; we are not going to withdraw. We are going to move forward from Goma to Bukavu … up to Kinshasa,” he said.

This post appeared first on cnn.com

In the US, just 19% of all venture capital (VC) investment partners — the people who write the cheques investing in entrepreneurs — are women; in Europe, a 2023 report found that number to be 16%. That has a knock-on effect: women are more likely than men to invest in women-led enterprises, and US companies with only female founders saw just 2% of all VC investment in 2022.

According to the European Investment Bank, female-founded companies deliver twice as much revenue per dollar invested, despite receiving less than half the investment capital of their male peers. Research has also consistently found that female investors are more interested in social impact businesses, which can benefit society more widely.

In a bid to address the gender gap, Amanda Pullinger founded Global Female Investors Management in 2024 with fellow finance industry veteran Vanessa Yuan. One of its core services is the Global Female Investors Network, a 2,000-strong community of women who manage money, whether it’s hedge funds, traditional funds or VC funds.

After spending 25 years in finance, including over a decade as the CEO of 100 Women ​in Finance, a global non-profit professional association with over 30,000 registered ​members, Pullinger was ready for something different. Her mission has always been to address the under-representation of women in finance, but in the investment sector it was lacking more than any other.

This interview has been lightly edited for clarity.

Amanda Pullinger (AP): I’d say the biggest challenge remains the fact that there are so few women in leadership roles. I’m a big believer in visibility. I grew up in the UK, and I was the first in my family to go to university. I went to Oxford because of a woman who was visible to me in a leadership role: Margaret Thatcher (the first British female prime minister). Like me, she was the first in her family to go to university, she went to Oxford. So I said to myself, “Well, she’s like me. If she can do it, I can do it.”

While that sounds trite, most women want to be able to see a pathway into leadership. What’s the perception that you have of an investor? It’s very often a White man, because that’s who we see on television or on panels at conferences. The reality is there are women in those roles, but we need them to be more visible.

AP: By introducing women to their peers. That’s why networks are so important. That network is important in sharing experiences because we can’t possibly know everything.

The second step is to really get men on side. In my career, men have been massive advocates for me. Women don’t rush to do those panel discussions and be visible, but men can be helpful in saying, “I think it would be great for you to represent the organization,” and really push women into those roles and say, “Look, if you’re not comfortable, I’ll get you a communications coach. We’ll get you through some of the challenges that you may feel.” Men are such a critical part of getting to the solution. That’s why for me, sometimes when there’s discussion about DEI (Diversity, equity, and inclusion), I worry that men are excluded from that conversation.

AP: I’m a believer in meritocracy. I didn’t come from privilege: I made my own way, very much with the help of men in my career, but I made my own way. But here’s my big question to those who say, “Well, the world’s equal, and there are equal opportunities, so surely it should just be giving a job to the best person” — my challenge would be, how sure are you that you are giving access to the best person?

I hear in the finance industry all the time from companies saying, “We don’t get any women applying for investment roles.” And I’m sitting here thinking, ‘I’ve got 2,000 members in our database who are female risk-takers.’ You are saying they’re not applying; there’s something missing here. I’m all about getting the best: but without some kind of action where you gain access to a broader range of people, you are potentially missing out on the best talent.

It’s the same with female fund owners. I’m not saying they’re always the best, but if they’re excluded for all sorts of systemic reasons from the process, again, I’d ask allocators: how do you know you’re picking the best fund? It’s very much around creating access and opportunity, and then things can fall where they fall. But without that access and opportunity, I don’t think the world is getting the best talent.

AP: What’s really fascinating is we are now in a place in the world where I believe, globally, there are more women going through universities, proportional to men. But actually, the big issue I find with most professional women who are well-educated is that we’ve all been told that if we work hard and we perform, we’ll be noticed, we’ll be promoted, we’ll be acknowledged. That works while you are in full-time education because full-time education is about working hard, doing a test and getting a result. The reality is when you come into the business world, it’s about relationships.

So the advice I give to women is to spend a little bit less time focused on hunkering down doing the work, and do what the guys do: build relationships, take the time for yourself, get yourself on conference panels, put your hand up, be vocal. All those things, to some extent, take away from this notion that it’s all about hard work — of course it’s about hard work, but women have got to learn that it’s also about relationships. We’ve never been taught that, and it’s something that I say all the time to women.

AP: I wish when I was younger, someone had said to me, “Do not give up maths at 16.” I should have done maths at A-level (a pre-university school qualification in England, Wales and Northern Ireland), I was perfectly capable of doing it. So I think first of all, it’s about giving women the fundamental skill set and confidence in numbers. The second is, I wish that more young women knew the impact you can have in the world by becoming a capital allocator or an investment professional.

If you want to create change in the world, managing money is one of the best ways to do it, because you can guide where that money goes, and that money can have an impact. This is not just a greedy industry, it’s a place where you truly can make a difference in the world. That’s something I wish more young women knew.

This post appeared first on cnn.com

South African President Cyril Ramaphosa spoke to Elon Musk “on issues of misinformation and distortions about South Africa,” the presidency announced on Tuesday.

“In the process, the President reiterated South Africa’s constitutionally embedded values of the respect for the rule of law, justice, fairness and equality,” it said.

The presidency said the pair spoke on Monday, a day after US President Donald Trump threatened to cut off aid to South Africa over the alleged mistreatment of White farmers in the country.

In a blistering post on Truth Social, Trump said he would halt funding until there was a full investigation into allegations that “South Africa is confiscating land, and treating certain classes of people VERY BADLY.”

Trump said “massive” human rights violations were happening in South Africa “for all to see,” without giving details or providing evidence.

Ramaphosa on Monday denied that South African authorities were “confiscating land” and said his country was looking forward to working with the Trump administration “over our land reform policy.”

Trump’s complaint, which he also made in 2018 during his first term in the White House, refers to South Africa’s complex land reform.

During South Africa’s apartheid era, racist policies forcefully removed Black and non-White South Africans from the land for White use. Since South Africa’s first democratic elections in 1994, there has been a land redistribution and restitution provision in the country’s constitution.

However, unemployment and poverty remain acute among Black South Africans, who make up around 80% of the population, yet own a fraction of the land.

Last month, Ramaphosa signed a bill into law providing new guidelines for land expropriation, including enabling the government to expropriate land without compensation in certain cases.

This is a developing story and will be updated.

This post appeared first on cnn.com

At least five people have been shot at a school in the city of Örebro, central Sweden, according to police who said the danger was not over.

Swedish police said Tuesday an operation is “ongoing” at the center, warning of a “suspected serious crime of violence.” The shooting occurred at the Risbergska school for adults at a campus where other schools, including for children, are based.

The public were urged to avoid the area and stay indoors, a statement said. It is unclear how many people have been injured, and police said no officers were shot.

Sweden’s Justice Minister Gunnar Strömmer described the police operation as being “in full swing” on Tuesday. “The government is in close contact with the police, and is closely following developments,” he told Swedish news agency TT, according to the Associated Press.

Students are being transferred from schools next to the site of the shooting in Örebro, which lies 160 kilometers (100 miles) west of the Swedish capital, Stockholm.

“The danger is not over,” the police statement said. “The public MUST continue to stay away.”

This is a developing story and will be updated.

This post appeared first on cnn.com