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It’s time for Keir Starmer to make his move.

Britain’s prime minister has spent months carefully crafting a chummy relationship with Donald Trump. He has showered the US president with flattery since even before his November election win; he has been, in Trump’s words, “very nice.”

On Thursday, Starmer could finally extract something tangible in return. His visit to Washington is the biggest foreign policy challenge yet for a leader who, at a critical time for Ukraine’s future, has emerged as a potential bridge-builder: someone who can sway Trump from his confrontational tendencies and communicate to him the anxieties of the West.

The other scenario is less rosy: Starmer might discover that he’s been building a bridge to nowhere. He and Trump are not natural political bedfellows; there is baggage in their past, and a glaring chasm in their worldviews. Starmer talks up the “special relationship” between Britain and the US at every opportunity, but that relationship is getting bumpy. They want different things.

Urgency on Ukraine

Trump’s stance on Ukraine has tipped this centuries-old transatlantic alliance into uncertainty, as it has done to so many others – including the American relationship with NATO. The president has purred at the advances of Russian leader Vladimir Putin, attacked Ukraine’s President Volodymyr Zelensky, and has barely returned Europe’s calls, cutting the continent out of negotiations over the end of the conflict.

Starmer follows French President Emmanuel Macron, who visited Washington on Monday, in attempting to straighten those jumbled ties, and he will set the table for Zelensky’s trip to Washington on Friday. All three want to secure a version of peace that Ukraine and Europe can stomach: one that doesn’t sell out occupied Ukrainian territory, and that America will work to maintain.

Britain and France are leading diplomatic efforts on putting together a potential European peacekeeping force, which could enter Ukraine if a ceasefire deal were agreed, but the plan hinges on an American security presence: a “backstop” likely centered on air power, based in a nearby NATO country like Poland or Romania.

On Monday, Trump told reporters that “Europe is going to make sure nothing happens” after a deal is agreed. But Starmer has insisted Europe can’t carry that burden alone, and that American support is the only way to prevent Putin from attacking again.

More urgently, Starmer will seek to persuade Trump to include Zelensky in talks over his country’s future. That is Europe’s most fundamental demand of Trump; the continent is intensely anxious about a pro-Moscow deal being forced on Zelensky.

But he is stepping onto an uneven playing field. Starmer’s problem is obvious: This visit matters far more to him than it does to Trump. The president has little time for European powers; he has threatened to impose major tariffs, and turned his back on decades of American foreign policy, which had placed Europe’s security at the top of Washington’s own priorities.

Starmer presented Trump with a significant gift ahead of his trip, announcing on Tuesday that Britain would hike its defense spending to 2.5% by 2027, and to 3% by the middle of the next decade. That is an unexpected acceleration of his government’s goal, and represents massive expenditure. It is also desperately needed; the British military is much depleted, experts say. A massive review of Britain’s army is due to conclude soon, and nobody expects its findings to be complimentary.

“We must change our national security posture, because a generational challenge requires a generational response,” Starmer said as he unveiled the new policy. “Courage is what our own era now demands of us.” Speaking to journalists later, he admitted the obvious: that events of recent weeks have hastened the move.

A complicated relationship

Thursday’s conversations will test more broadly the twin-track approach that Europe is taking towards Trump.

One camp wants to disengage. Germany’s likely next leader Friedrich Merz said after his election win on Sunday that Europe should “achieve independence” from the US, and slammed “outrageous” American interventions in his country’s politics.

Starmer, like Macron and Italy’s leader Giorgia Meloni, is firmly in the other group; he believes that Trump, if properly convinced, can be retrieved from the clutches of Putin’s embrace.

And there are few other leaders who can do it. “We’re not going to have an election for the foreseeable future. We’ve got a stable, center-left government. Therefore we can play an integral part in these conversations, in a way that other leaders may find difficult,” Ainsley, the former policy chief, said.

But there may be awkward questions for Starmer to answer when he and Trump face the media. Several members of his center-left government have historically condemned Trump. When he was an opposition MP, Starmer himself said Trump’s endorsement of Boris Johnson showed that Johnson “isn’t fit to be prime minister.”

Last October, then-candidate Trump returned fire, accusing Starmer’s Labour Party of election interference after it emerged that dozens of activists had campaigned for Kamala Harris.

Since then, Starmer has kept a tight lid on any criticism of the president from within his ranks. But privately, Trump’s recent interventions on Gaza and Ukraine have appalled most within Labour.

An ‘insane’ deal

Starmer has several obstacles to clear at the White House, and they go beyond Ukraine. The visit is more broadly a challenge of his people-pleasing approach to global affairs.

The prime minister wants to keep everyone happy. He has been loath to criticize Trump, has warmed up Britain’s post-Brexit partnership with the European Union, avowedly backed Kyiv and thawed ties with China. At a time of geopolitical upheaval, he is attempting to squeeze Britain into an impossibly tight Venn diagram.

A case in point: Starmer’s intensely controversial plan to hand the Chagos Islands, Britain’s last African colony, to Mauritius, ending a years-long legal and ethical quandary.

Downing Street says the deal will secure the future of Diego Garcia, a US-UK military base on one of the islands, for 99 years. But Starmer needs Trump’s approval to finish the paperwork, and Westminster does not expect the self-stylized dealmaker-in-chief to be impressed by the terms: London is expected to pay billions of pounds to close the deal, and Mauritius is heavily reliant on imports from China, which has raised national security concerns on both sides of the Atlantic.

The deal is “insane,” according to a former Conservative minister, Grant Shapps, who as UK defense secretary halted the negotiations that Labour later revived.

Mauritius has pushed for control of the islands for decades, and bodies including the International Court of Justice have backed its claims. But Shapps said: “You sometimes, as Trump is proving to the world, just have to say ‘no.’ You have to think about your own national interest.”

Ukraine, Chagos, China and a colorful history of remarks about Trump are all awkward conversation topics that must be broached on Thursday. Starmer will do so delicately; unlike Macron, he is unlikely to fact-check Trump in front of the cameras. But he has run out of room for flattery; there is little time left to start some difficult discussions.

Starmer did not necessarily choose to be a statesman. His foremost stated objective is to grow Britain’s economy; he doesn’t want enemies, he wants investment and trade. But the world has had other ideas, and willingly or not, Starmer has found himself a key cog in a global structure on the verge of collapse.

On Monday, Starmer admitted Trump has “changed the global conversation” on Ukraine. Now it is Britain’s opportunity to do the talking.

This post appeared first on cnn.com

Home Depot on Tuesday topped Wall Street’s quarterly sales expectations, even as elevated interest rates and housing prices dampened consumer demand for large remodels and pricier projects.

For the full year ahead, the company said it expects total sales to grow by 2.8% and comparable sales, which take out the impact of one-time factors like store openings and calendar differences, to increase by about 1%. Home Depot projected adjusted earnings per share will decline about 2% compared with the prior year.

In an interview with CNBC, Chief Financial Officer Richard McPhail said “housing is still frozen by mortgage rates.” Yet he said Home Depot saw broad-based growth, as sales increased in about half of its merchandise categories and 15 of its 19 U.S. geographic regions.

Home Depot anticipates consumers will stop putting off projects as they gradually get used to higher interest rates, rather than waiting for them to fall, McPhail said. 

“They tell us their lives are moving on,” he said. “Their families are growing. They’re moving for a new job. They’re upsizing their home. They want to upgrade their standard of living. Home improvement always persists, and so the question, I think, will be around the mindset of whether long-term rates have gotten to a new normal.”

Here’s what the company reported for the fiscal fourth quarter compared with Wall Street’s estimates, according to a survey of analysts by LSEG:

Home Depot shares were up nearly 5% in midday trading. The company was holding an earnings call on Tuesday morning.

In the three-month period that ended Feb. 2, Home Depot’s net income climbed to $3.0 billion, or $3.02 per share, from $2.80 billion, or $2.82 per share, in the year-ago period. Revenue rose 14% from $34.79 billion in the year-ago period.

Comparable sales, a metric also known as same-store sales, increased 0.8% across the company. Those results ended eight consecutive quarters of falling comparable sales. They also exceeded analysts’ expectations of a decline of 1.7%, according to StreetAccount. Comparable sales in the U.S. increased 1.3% year over year.

Regions hit by hurricanes Helene and Milton contributed about 0.6% to comparable sales, McPhail said.

Customers spent more and visited Home Depot’s stores and website more in the quarter compared with the year-ago period. Transactions rose to 400.4 million, up nearly 8% from the year-ago period. The average ticket was $89.11 in the quarter, up slightly from $88.87 in the prior-year quarter.

Home Depot has faced a more difficult backdrop for selling supplies for home improvement projects. Sales growth slowed in 2023, after consumers’ huge appetite for home renovations during the Covid pandemic returned to more typical patterns. Inflation and a shift back to spending on services like vacations and restaurants also dinged consumer demand for larger projects and pricier items.

Since roughly the middle of 2023, Home Depot’s leaders have pinned the company’s problems on a tougher housing market. McPhail told CNBC that the same challenge persisted in the fourth quarter, as consumers still showed reluctance to splurge on bigger projects, such as redoing a kitchen or installing new flooring.

Mortgage rates have remained high, despite interest rate cuts by the Federal Reserve. The median price of a home sold in January was $396,900, up 4.8% from the year before and the highest price ever for the month of January, according to the National Association of Realtors.

Tougher weather also hurt the company’s sales in January, and that’s carried into February in some parts of the country, McPhail said.

“Where weather is good, we continue to see engagement,” he said. “Where weather is tough, projects get put on the shelf.”

Even so, he said Home Depot has focused on ways it can move the needle, such as opening new stores and investing in its e-commerce business. 

Online sales rose 9% in the fourth quarter compared with the year-ago period, McPhail said, the strongest quarter of the year for Home Depot’s digital business. He chalked that up to the company’s investments in faster deliveries, particularly with getting appliances and power tools to customers.

McPhail said Home Depot opened 12 new stores in 2024, and it plans to open 13 new locations in the coming year. 

Home Depot has also looked to home professionals as one of its major sales drivers. It bought SRS Distribution, a Texas-based company that sells supplies to professionals in the roofing, pool and landscaping businesses, for $18.25 billion last year. It marked the largest acquisition in the company’s history.

Some pro-heavy categories, such as roofing, drywall and lumber, saw sales increases in the quarter because of Home Depot’s push to serve contractors and other home pros better, McPhail said.

Shares of Home Depot closed Monday at $382.42. As of Monday’s close, the company’s shares have fallen about 2% so far this year. That trails behind the S&P 500′s approximately 2% gains during the same period.

This post appeared first on NBC NEWS

McDonald’s is leaning into its reputation as a breakfast value offering, vowing to reject a surcharge on meals with eggs while announcing a special one-day discount on Egg McMuffins.

The fast-food giant said in a release that to mark the 50th anniversary of its breakfast-menu cornerstone, customers on Sunday would be able to purchase an Egg McMuffin sandwich, as well as a Sausage McMuffin With Egg sandwich, through the McDonald’s app for just $1.

“At McDonald’s, breakfast isn’t just a meal; it’s a cherished tradition and cornerstone of our brand,” McDonald’s USA President Joe Erlinger said Tuesday. “Every morning when we open our doors, we are a breakfast restaurant.”

Coinciding with the release, a McDonald’s executive emphasized in a LinkedIn post that the chain had no intention to charge customers extra for meals featuring eggs amid a nationwide shortage that has sent prices soaring and prompted at least two other national chains to do so.

‘Unlike others making news recently, you definitely WON’T see McDonald’s USA issuing surcharges on eggs, which are 100% cage-free and sourced in the U.S.,’ wrote Michael Gonda, McDonald’s chief impact officer for North America.

The announcements come as McDonald’s tries to leave a recent slump behind: Earlier this month, it reported its worst quarterly sales drop since the pandemic — but forecast improving results for 2025.

Year to date, its shares are up some 6%, outperforming broader market indexes.

This post appeared first on NBC NEWS

Nvidia is scheduled to report fourth-quarter financial results on Wednesday after the bell.

It’s expected to put the finishing touches on one of the most remarkable years from a large company ever. Analysts polled by FactSet expect $38 billion in sales for the quarter ended in January, which would be a 72% increase on an annual basis.

The January quarter will cap off the second fiscal year where Nvidia’s sales more than doubled. It’s a breathtaking streak driven by the fact that Nvidia’s data center graphics processing units, or GPUs, are essential hardware for building and deploying artificial intelligence services like OpenAI’s ChatGPT. In the past two years, Nvidia stock has risen 478%, making it the most valuable U.S. company at times with a market cap over $3 trillion.

But Nvidia’s stock has slowed in recent months as investors question where the chip company can go from here. 

It’s trading at the same price as it did last October, and investors are wary of any signs that Nvidia’s most important customers might be tightening their belts after years of big capital expenditures. This is particularly concerning in the wake of recent breakthroughs in AI out of China. 

Much of Nvidia’s sales go to a handful of companies building massive server farms, usually to rent out to other companies. These cloud companies are typically called “hyperscalers.” Last February, Nvidia said a single customer accounted for 19% of its total revenue in fiscal 2024.

Morgan Stanley analysts estimated this month that Microsoft will account for nearly 35% of spending in 2025 on Blackwell, Nvidia’s latest AI chip. Google is at 32.2%, Oracle at 7.4% and Amazon at 6.2%.

This is why any sign that Microsoft or its rivals might pull back spending plans can shake Nvidia stock.

Last week, TD Cowen analysts said that they’d learned that Microsoft had canceled leases with private data center operators, slowed its process of negotiating to enter into new leases and adjusted plans to spend on international data centers in favor of U.S. facilities.

The report raised fears about the sustainability of AI infrastructure growth. That could mean less demand for Nvidia’s chips. TD Cowen’s Michael Elias said his team’s finding points to “a potential oversupply position” for Microsoft. Shares of Nvidia fell 4% on Friday.

Microsoft pushed back Monday, saying it still planned to spend $80 billion on infrastructure in 2025.

“While we may strategically pace or adjust our infrastructure in some areas, we will continue to grow strongly in all regions. This allows us to invest and allocate resources to growth areas for our future,” a spokesperson told CNBC.

Over the last month, most of Nvidia’s key customers touted large investments. Alphabet is targeting $75 billion in capital expenditures this year, Meta will spend as much as $65 billion and Amazon is aiming to spend $100 billion.

Analysts say about half of AI infrastructure capital expenditures ends up with Nvidia. Many hyperscalers dabble in AMD’s GPUs and are developing their own AI chips to lessen their dependence on Nvidia, but the company holds the majority of the market for cutting-edge AI chips.

So far, these chips have been used primarily to train new age AI models, a process that can cost hundreds of millions dollars. After the AI is developed by companies like OpenAI, Google and Anthropic, warehouses full of Nvidia GPUs are required to serve those models to customers. That’s why Nvidia projects its revenue to continue growing.

Another challenge for Nvidia is last month’s emergence of Chinese startup DeepSeek, which released an efficient and “distilled” AI model. It had high enough performance that suggested billions of dollars of Nvidia GPUs aren’t needed to train and use cutting-edge AI. That temporarily sunk Nvidia’s stock, causing the company to lose almost $600 billion in market cap. 

Nvidia CEO Jensen Huang will have an opportunity on Wednesday to explain why AI will continue to need even more GPU capacity even after last year’s massive build-out.

Recently, Huang has spoken about the “scaling law,” an observation from OpenAI in 2020 that AI models get better the more data and compute are used when creating them.

Huang said that DeepSeek’s R1 model points to a new wrinkle in the scaling law that Nvidia calls “Test Time Scaling.” Huang has contended that the next major path to AI improvement is by applying more GPUs to the process of deploying AI, or inference. That allows chatbots to “reason,” or generate a lot of data in the process of thinking through a problem.

AI models are trained only a few times to create and fine-tune them. But AI models can be called millions of times per month, so using more compute at inference will require more Nvidia chips deployed to customers.

“The market responded to R1 as in, ‘oh my gosh, AI is finished,’ that AI doesn’t need to do any more computing anymore,” Huang said in a pretaped interview last week. “It’s exactly the opposite.”

This post appeared first on NBC NEWS

There’s been a lot of wild speculation surrounding gold’s bullish run. When you consider a gold investment, you’re likely to think of the more common factors that come into play: inflation, geopolitical uncertainty, and central bank demand. 

But there’s more to the mix now, especially in light of the Trump administration’s latest initiatives and policies. These new developments are spurring speculations that are likely to change the context surrounding how investors view gold. Here are a few key things to think about:

  • Around 12.5 million ounces of gold have been imported into the US since last November.
  • President Trump announced a possible audit of Fort Knox gold reserves which hasn’t been done since the early 1970s (is it all still there?).
  • The US government’s gold valuations remain at an outdated $42.22 an ounce.

The big rumor (keyword: rumor) is that gold is due for a revaluation. Will Trump use the revaluation to boost the value of the Treasury’s holdings, possibly paying down the national debt? Will his administration attempt a partial return to the gold standard? Will the gold be used to counter China’s reported attempt at launching a gold-backed currency to challenge the US dollar? 

Whatever the case may be, a full revaluation is likely to drive bullish sentiment in gold, sending prices higher. If the government sells gold to weaken the dollar, you can expect some short-term price dips before a rebound. And if, by any chance, the Fort Knox audit reveals a shortfall, then that’s bad news for the economy and markets but good news for gold, which will likely send prices skyrocketing.

To get some near-term context, let’s see how gold has been performing over the last year relative to silver, commodities in general, and the S&P 500.  

FIGURE 1. PERFCHARTS OF GOLD, SILVER, COMMODITIES MARKETS, AND THE S&P 500. Gold and silver outperformed both the broader stock and commodities markets over the past year. Chart source: StockCharts.com. For educational purposes.

It turns out that both gold and silver have been outperforming the broader equities and commodities markets.

Let’s take a long-term view of gold. Below is a weekly chart

FIGURE 2. WEEKLY CHART OF GOLD FUTURES. There are no signs of topping yet, though its ascent has grown increasingly steep. Chart source: StockCharts.com. For educational purposes.

If volume precedes price, then accumulation, as shown by the Accumulation/Distribution Line (ADL) on the chart, has stayed well ahead of it for a little over three years. Momentum-wise, the Relative Strength Index (RSI) may be registering as “overbought” but the reliability of this indicator in the current environment is anyone’s guess.

Trump’s policy blitz is transforming the political and economic landscape, and it brings certain shocks that can make technical and fundamental analysis more fluid. For now, there are no clear signs of topping, which makes it difficult for anyone interested in finding an entry point. So, let’s zoom in on a daily chart.

FIGURE 3. DAILY CHART OF GOLD. There are still no signs of a top except for the declining buying pressure indicated by the Chaikin Money Flow indicator. Chart source: StockCharts.com. For educational purposes.

There are still no clear signs of near-term weakness, aside from a slight drop in buying pressure indicated by the Chaikin Money Flow (CMF). If gold pulls back, the $2,900 high will likely serve as the first support level. Additional support zones, marked by the magenta lines, align with key swing highs and lows based on the Zig Zag lines.

The final three levels define a broad trading range and coincide with the Volume by Price indicator, highlighting areas of concentrated trading activity where support is most likely to hold. If prices retreat, these levels will be crucial to watch for a potential rebound. So, right now, it’s a matter of waiting for a pullback.

Silver is another asset that has outperformed commodities and the broader market. Might the grey metal present a tradable opportunity? Below is a daily chart to consider.

FIGURE 4. DAILY CHART OF SILVER. The grey metal has room to run but watch your entry point. Chart source: StockCharts.com. For educational purposes.

The RSI indicates that silver has more upside to go before reaching an overbought level. Note the relative performance window that I plotted in a manner that replicates the well-known gold/silver ratio (lower panel) . 

Historically, this ratio has averaged around 65:1 since the 1970s, meaning it typically takes 65 ounces of silver to equal the value of one ounce of gold. Note that every time the ratio reaches the 90-line silver tends to rally. 

Silver is currently rallying, but is another entry point on the horizon? Possibly, but patience is key. This relative performance setup highlights the value of the gold/silver ratio in identifying potential silver entry points, whether for short-term trades or long-term positions.

At the Close

Monitor “spot” $GOLD and $SILVER by adding them to your ChartLists. However, you may be interested in entering trades using their ETF equivalents in GLD and SLV. The prices will differ from their spot price, but the chart patterns that define your entry will be highly correlated, given a few slight adjustments.


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

The US Consumer Confidence Index® came in much lower than expectations, and the Expectations Index fell to 72.9. A fall below 80 signals a recession ahead, enough to elevate the fear of economic weakness. As a result, the stock market sold off. But after 11:30 AM ET, the buyers came in, and the market rebounded from its lows. However, the rebound wasn’t enough to make much of a dent, except for the Dow which closed in the green. 

If you regularly monitor breadth indicators, you may have noticed that the New Highs – New Lows Index ($NYHL) was up over 150%. This caught my attention. The broader equity indexes were falling significantly, yet the new highs were way higher than the new lows. That was unusual, but since the stock market is known for pulling surprises when you least expect it to, it’s helpful to look under the hood to determine if the stock market is strong or weak. 

The Market’s Heart Beat

Looking through the rest of my charts in my Market Analysis ChartList — a part of my daily routine — one that I found interesting is the SPDR S&P 500 ETF (SPY) with the Percent Above Moving Average oscillators in the lower panels (see chart below).

FIGURE 1. DAILY CHART OF SPY. The percentage of S&P 500 stocks trading above their 50-, 100-, and 200-day simple moving averages are above 50 but watch these oscillators closely as they indicate the health of the overall market. Chart source: StockCharts.com. For educational purposes.

It’s interesting to note that the percentage of S&P 500 stocks trading above their 50-, 100-, and 200-day simple moving averages (SMAs) started to decline at the end of September 2024. The SPY was still trending higher and it wasn’t till December when it started to pull back.

The September pullback coincided with a relatively low percentage of stocks trading below their moving averages and declined further during the January 2025 pullback. But the oscillators recovered from these levels and as of now, even though SPY bounced off its 100-day moving average, they are not close to the previous lows. The good thing is they are all above their 50 threshold level. You can’t say the same for the Nasdaq stocks.

The chart below replaces SPY with Invesco QQQ Trust (QQQ) and analyzes the percentage of Nasdaq stocks trading above the 50-, 100-, and 200-day SMAs. They are trading at levels seen in August 2024, which is when QQQ went through a -15.56% pullback.

FIGURE 2. DAILY CHART OF QQQ. Although the QQQ is holding on to the support of its 100-day SMA, the percent of stocks trading below their moving averages are below 50, which is a bearish indication. Chart source: StockCharts.com. For educational purposes.

The Technology sector witnessed a four-day losing streak and was the worst-performing sector in the last week. Tech stocks are facing many headwinds — tariffs, AI unwinding, and chip availability, to name a few. Investors are rotating out of Tech stocks and moving into the offensive sectors — Consumer Staples, Real Estate, and Health Care. 

The Bottom Line

The broader stock market is at an interesting juncture and could go either way. SPY and QQQ are holding on to the support of their 100-day SMA but two important news events could shake things either way — NVIDIA earnings and Personal Consumption Expenditures Price Index (PCE). The rest of the week could be a bumpy ride.

If you haven’t done so, apply the percentage of stocks trading above significant moving averages oscillator. Percentage Above Moving Average indicator is available for several indexes. Try them out and see which ones give you a good “under the hood” look at the broader market.


StockChart Tip. Click the charts of SPY and QQQ in the article to see a live chart.

Then, save the charts to one of your ChartLists. Not sure how to create ChartLists? Check out this tutorial.



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

The US and Ukraine have agreed terms on a deal over natural resources and reconstruction, according to a Ukrainian official.

The source said the deal was agreed after “everything unacceptable was taken out of the text and it is now more clearly spelt out how this agreement will contribute to Ukraine’s security and peace.”

Ukrainian President Volodymyr Zelensky now plans to travel to Washington, the source added, saying the White House had proposed Friday for a meeting.

A White House official said that they are “aware” that Zelensky is expected to be in Washington potentially at the end of this week.

The official said there is no word on if a meeting will happen between Trump and Zelensky.

This is a developing story. More to come

This post appeared first on cnn.com

More than 250,000 Canadian citizens and residents have signed a parliamentary petition urging Canada to revoke Elon Musk’s citizenship and passport.

Musk’s association with US President Donald Trump, who plans to levy a 25% tariff on all Canadian imports next month and who has proposed annexing the country as the 51st state, is “against the national interest of Canada,” the petitioners claim.

The tech billionaire, a citizen of South African, Canada, and the US, has become one of Trump’s most visible allies since the 47th president began his second term last month.

“He has used his wealth and power to influence our elections,” the petition claims. “He has now become a member of a foreign government that is attempting to erase Canadian sovereignty.”

The petition, addressed to Canadian Prime Minister Justin Trudeau, demands that he “revoke Elon Musk’s dual citizenship status, and revoke his Canadian passport effective immediately.”

Musk, who was born in Pretoria, South Africa, has previously said that he obtained a Canadian passport as a teenager through his mother, Maye Musk, who was born in Canada. The billionaire later obtained US citizenship a decade after arriving in the US on a student visa.

An electronic parliamentary petition requires the initial support of at least five Canadians, the authorization of a member of parliament, and an initial review before it can start to gather signatures, according to Canada’s House of Commons.

The petition to revoke Musk’s citizenship is open until June 20, 2025, after which the clerk of petitions will have to certify that at least 500 of its signatures are legitimate. From there, the petition must wait until a new session of parliament opens before it can be presented to the House of Commons for debate.

Reed, a sci fi author from British Columbia, wrote Monday on social networking site Bluesky that they “never expected this petition to spread so far and so fast.” Reed also underlined to the petition’s growing number of supporters that it was not meant to be a personal attack.

“To (be) clear, this action I started, and all of you are spreading and growing, isn’t about personal attacks,” Reed wrote, “It’s about ensuring that those who influence global policies and industries know that the people are not okay with their lack of ethical responsibility.”

Trump’s frequent voicing of his desire to make Canada the “51st state,” has gone as far as mocking Trudeau on social media as the “Governor” of Canada. In early February, Trudeau warned a gathering of private sector executives that Trump’s threat to annex Canada “is a real thing,” according to two business leaders who heard the prime minister’s remarks.

There are few precedents for citizenship revocation in Canada. Thousands of Japanese Canadians, including citizens, were “effectively denationalized” during World War II and deported back to Japan, according to University of Toronto law professor Audrey Macklin in a 2021 article for the Manitoba Law Review.

A 2014 law called the Strengthening Canadian Citizenship Act previously included provisions to revoke citizenship if a dual-national Canadian was convicted of “national security offenses.”

Trudeau promised to repeal the law when he ran for prime minister. By 2017, the denaturalization provisions were removed, and a new law re-nationalized any Canadian stripped of their citizenship on national security grounds.

This post appeared first on cnn.com

A growing number of Latin American migrants who have given up hope of reaching the United States are returning to their home countries in South America through a sea route in Panama, which poses new risks, according to authorities.

Instead of trekking through the treacherous Darien Jungle between North and South America – as thousands had done on their way to the United States – many migrants are now boarding small boats on Panama’s Caribbean coast, making their way toward Colombia by sea.

The uptick in boat journeys comes as the Trump administration has been enforcing strict policies to remove migrants from the US or limit their entry.

But these boat rides to Colombia, which cover more than 100 nautical miles in a single day, can be dangerous. Last week, an eight-year-old girl from Venezuela died after the boat she was traveling on sank near the community of Mansucum, Panama, according to the country’s National Border Service, known as SENAFRONT.

The boat was one of three that had taken off from the Port of Llano Carti toward La Miel, Panama, near the border with Colombia. The other two boats suspended their journeys due to “adverse conditions” at sea, but the third continued despite the warnings and ultimately sank, authorities said.

Twenty migrants – mostly from Venezuela and Colombia – were rescued after Friday’s shipwreck, according to SENAFRONT.

The Panamanian foreign ministry said it regretted what happened and added that the country “reaffirms its commitment to international cooperation and respect for human rights, particularly in situations involving people in vulnerable conditions.”

Indigenous community overwhelmed

These boat rides are happening in the Guna Yala indigenous territory of northeastern Panama.

On Sunday alone, at least 110 migrants sought boat rides from the ports of the Guna Yala region to the Colombian port town of Necoclí, Merry said.

The Guna community worry the reverse migration could strain their resources because they lack services and infrastructure to adequately provide care for migrants. In a statement shared Sunday, the community called on the Panama and US governments, “and international organizations to suspend the massive arrival of migrants to our territory.”

Panamanian Security Minister Frank Ábrego said Tuesday that the boat rides are happening “with the full knowledge” of authorities in the Guna Yala region. He said SENAFRONT has established departure points in non-populated parts of Guna Yala so migrants can make their way south.

“For example, the old airport in Ustupu, where no one lives, was used so that from there, the boats can go to La Miel, because we understand that traveling 111 nautical miles is not easy for any boat that does cabotage services between islands,” he said.

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Six babies have died from hypothermia in Gaza since Sunday, according to health care officials in the strip, who warn there will be more such deaths unless more aid enters the enclave.

Dr. Saeed Salah, the medical director of the Patient’s Friends Benevolent Society Hospital (PFBS), northern Gaza, warned of a “disaster” in the rising number of babies suffering from hypothermia, as they try to survive winter conditions in the strip.

In the past two weeks, eight babies with hypothermia were admitted to the medical facility in Gaza City, said Dr. Salah. Of those, three were admitted to the intensive care unit, and three others died “within hours” of arrival.

Then on Tuesday, a fourth baby who was just 69 days old died overnight, Dr. Salah added. Further south, two other babies died with hypothermia symptoms in Nasser Hospital, Khan Younis, health workers there told journalists.

Dr. Salah said more caravans, tents and fuel were needed to “bring warmth to the people.” He added that such provisions would stop this kind of “catastrophe from repeating itself” and “prevent the death of neonatal babies from hypothermia and frostbite.”

A fragile ceasefire has offered a moment of reprieve for people in Gaza from Israel’s months-long military campaign that it launched in response to the October 7 Hamas terror attacks that killed more than 1,200 people in Israel and saw more than 250 taken hostage.

At least 48,348 Palestinians have been killed in Gaza and another 111,761 people injured, the Ministry of Health there reported on Tuesday.

Survivors say they are struggling to rebuild communities and reconcile the destruction wrought – which gutted the medical system, and spawned a crisis of starvation, displacement and disease. Just 20 out of 35 hospitals are partially functional, according to the UN’s Office for the Coordination of Humanitarian Affairs.

Hamas has repeatedly accused Israel of preventing the entry of humanitarian aid into the strip in violation of the ceasefire agreement – accusations that Israel has denied.

On February 14, COGAT said that 4,200 humanitarian aid trucks entered the Gaza Strip that week, carrying food, fuel, medical supplies, tents and shelter equipment, in compliance with the ceasefire and hostage deal. Since the start of the ceasefire on January 19, 16,800 trucks of aid had entered Gaza, COGAT added.

‘Man-made crisis’

In Nasser Hospital, a Palestinian mother gently stroked her tiny, pale baby, who was swaddled in blankets. Two-month-old Yousaf Al-Najjar is one of many neonatal patients being treated for hypothermia there.

“We don’t have covers or anything,” she added. “I see death in my son.”

“Every day we are dealing with children (suffering) hypothermia, many of them die,” she said on Tuesday. “The problem is not the hospital; it’s the conditions where the children are living, either in tents or destroyed homes.”

Israel’s war in Gaza has pushed many Palestinians into tent camps. At least 1.9 million people have been displaced, according to the UN. Many have sought refuge in sprawling outdoor areas, living for months in makeshift tents made of cloth and nylon – with little access to warmth, electricity or heating. In cold weather conditions, newborns and children up to three months are among those most at risk of respiratory infections, lack of blood supply, and infections, Dr Munir Al-Bursh, the director general of the health ministry in the enclave, said on February 19.

Fikr Shalltoot, the Gaza director for the UK-based NGO, Medical Aid for Palestinians, said the deaths of those six Palestinian babies “is the direct result of Israel’s restrictions on humanitarian aid.”

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