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The election of Donald Trump in November and a swing back to Republican power in Washington is already starting to make an impact in the business world, according to Goldman Sachs CEO David Solomon.

The bank executive said on a conference call Wednesday that other CEOs are feeling better about the direction of the economy and their businesses since the presidential election, even though Trump has yet to take office.

“There has been a meaningful shift in CEO confidence, particularly following the results of the U.S. election,” Solomon said, according to a transcript from FactSet.

“Additionally, there is a significant backlog from sponsors and an overall increased appetite for dealmaking supported by an improving regulatory backdrop,” he continued.

The comments line up with some survey data that suggests renewed confidence among business leaders. The latest Chicago Fed Survey of Economic Conditions showed an improved outlook for the next 12 months. The NFIB Small Business Optimism Index rose to its highest level since October 2018 in December.

To be sure, executives on JPMorgan Chase’s earnings call said that the optimism among business leaders has not yet resulted in loan growth, according to a FactSet transcript.

Stocks rose sharply in the immediate aftermath of Trump’s win, as investors cheered the prospect of lower taxes and fewer regulations. However, many of those gains have since disappeared, in part due to a recent rise in interest rates.

Trump, who is set to return to the White House on Monday, is seen as broadly more business-friendly than outgoing President Joe Biden. During his campaign, Trump floated lowering taxes and reducing regulation, including around energy. However, his proposed tariffs have made some investors and business leaders nervous about the potential for higher prices and a disruptive trade war.

Solomon’s comments came on a conference call discussing Goldman’s fourth-quarter results. The bank beat estimates on the top and bottom lines for the period, with its profit roughly doubling year over year.

This post appeared first on NBC NEWS

Foul-mouthed superheroes and family-friendly fare propped up the domestic box office during the final months of 2024.

Full-year ticket sales were down just 3.4% from 2023, reaching $8.74 billion, a far cry from the nearly 27% shortage seen at the midway point of 2024.

The combination of Disney and Marvel’s “Deadpool & Wolverine,” Pixar’s “Inside Out 2,” Disney Animation’s “Moana 2” and Universal’s “Wicked,” all of which were released after June, buoyed ticket sales and turned a billion-dollar deficit into just $300 million, according to data from Comscore.

“While 2024 was one of the most challenging ever for theatres, the massive comeback that began in June due to the residual impact of the strikes and resultant production delays that threw the release slate into disarray in the early part of the year is nothing short of remarkable,” said Paul Dergarabedian, senior media analyst at Comscore.

Box-office analysts had predicted the 2024 box office would lag significantly behind the $9 billion tallied in 2023. After all, the production calendar was disrupted by dual Hollywood labor strikes the year prior, postponing major blockbuster releases into the second half of 2024. Some were even delayed until 2025 and 2026.

“Expectations entering the year were saddled with the weight of release delays caused by industry strikes, on top of the ongoing adjustment to modern consumer habits that have taken hold in a world of shorter theatrical windows and increased demand for state-of-the-art experiences inside cinemas themselves,” said Shawn Robbins, director of analytics at Fandango and founder of Box Office Theory.

The first-half ticket sales slump was a disappointment after the box office had seen steady annual growth in the wake of the pandemic. However, industry analysts foresee a rebound in 2025 and the potential to break the $10 billion mark in 2026.

The next two years are stacked with blockbuster franchises and films tied to popular, existing intellectual property. And while there has been some worry that the industry had become too inundated with licensed material, particularly in the superhero genre, 2024 has proven that audiences will still come out in droves for these films.

In fact, all of the top 10 highest-grossing films of 2024 were from major film franchises or tied to popular IP. And that’s a good sign, considering 2025 and 2026 are set to be packed with big titles.

“The year will see a resumption of a franchise-heavy-driven lineup,” wrote Eric Handler, managing director at Roth MKM, in a recent research note. “Vying for the highest-grossing movies of the year should be ‘Avatar: Fire and Ash,’ ‘Jurassic World: Rebirth’ and ‘Wicked: For Good,’ all of which should be able to surpass $400 [million].”

Disney, in particular, benefited from franchise films in 2024. The company is responsible for three of the four top-grossing films of the year — Pixar’s “Inside Out 2,” Marvel’s “Deadpool & Wolverine” and Disney Animation’s “Moana 2.”

“Inside Out 2” jump-started the box office, taking in more than $650 million domestically and becoming the first film since Warner Bros.′ “Barbie” to top $1 billion at the global box office.

Joy and Anxiety in a scene from ‘Inside Out 2.’ Disney

This was an import win for Disney’s Pixar animation hub. A once prolifically successful studio, Pixar has suffered at the box office in the wake of the pandemic. Much of its difficulties have come, in part, because Disney opted to debut a handful of animated features directly on streaming service Disney+ during theatrical closures and even once cinemas had reopened.

As a result, prior to “Inside Out 2,” no Disney animated feature from Pixar or its Walt Disney Animation studio had generated more than $480 million at the global box office since 2019. “Inside Out 2″ ultimately became the highest-grossing film of 2024.

The second-highest was Disney’s first-ever R-rated Marvel feature. “Deadpool & Wolverine” hit theaters in July and quickly earned the record for the highest debut of an R-rated film ever. It went on to top $1 billion at the global box office, the only R-rated film other than Warner Bros.′ “Joker” to do so, and also became the highest-grossing R-rated film of all time.

“Deadpool & Wolverine” brought a much-needed boost to the Marvel Cinematic Universe, which has struggled with consistency at the box office in the wake of the record-shattering “Avengers: Endgame” in 2019.

Handler said the superhero genre is seeking “a bit of redemption,” noting that Marvel has three major releases in 2025: “Captain America: Brave New World,” “Thunderbolts*” and “The Fantastic Four: First Steps.”

Warner Bros. will also debut its first film under James Gunn and Peter Safran, its new heads of the DC Studio. All eyes will be on “Superman: Legacy,” especially after the woeful box office of “Joker: Folie a Deux.”

Disney also had “Moana 2,” the fourth-highest-grossing film of the year. It arrived at Thanksgiving, shattering the record for the highest-opening film during that five-day holiday period with $221 million in domestic ticket sales. It went on to snag $404 million domestically and over $900 million globally.

Together, these films alongside other theatrical releases helped Disney reach more than $2.2 billion at the domestic box office last year, accounting for about 25% of the industry’s total haul.

Universal, fueled by “Wicked,” “Despicable Me 4,” “Twisters” and “Kung Fu Panda 4″ represented 21.6% of the total market share with $1.8 billion in box-office receipts for the year. “Wicked” was the third-highest-grossing film of 2024, collecting $432 million domestically and breaking the curse of movie musicals at the box office. It also became the highest debut of a Broadway adaptation in cinematic history.

Warner Bros. tallied $1.19 billion, or 13.7% market share. Sony snared $1 billion, or 11.5%, and Paramount rounded out the top five with $880 million, or 10%.

“The late year ’24 moviegoing rally has set up a solid 2025 for movie theatres,” Dergarabedian said. ”[G]iven the more stable calendar with a more orderly cadence, frequency and importantly a greater number of wide release films … the resultant momentum will virtually guarantee even bigger results for theatrical exhibition this year.”

Disclosure: Comcast is the parent company of NBCUniversal and CNBC. NBCUniversal is the distributor of “Wicked,” “Despicable Me 4,” “Twisters” and “Kung Fu Panda 4,” and the owner of Fandango.

This post appeared first on NBC NEWS

S&P 5850 has been the most important “line in the sand” for stocks since the pullback from the 6000 level in November 2024. With the SPX closing below that 5850 level on Friday, we see further corrective pressures with the 200-day moving average as a reasonable downside target. Today, we’ll break down a series of projection techniques that have helped us hone in on this potential area of support.

The Break of 5850 Completes a Head-and-Shoulders Top

One of the most widely-followed patterns in technical analysis, the fabled head-and-shoulders topping pattern, is formed by a major high surrounded by lower highs on each side. After the S&P 500 established a lower high in December, we immediately started looking for confirmation of this bearish pattern.

To confirm a head-and-shoulders top, and initiate downside targets on a chart, the price needs to break through the “neckline” formed by the swing lows between the head and two shoulders. While price pattern purists may advocate for a downward-sloping trendline to capture the intraday lows of the neckline, I’ve been focused on the price level of SPX 5850. As long as the S&P remained above that level of support, then the market could still be considered in a healthy bullish phase. But a close below the 5850 level on Friday tells me that this corrective move may just be getting started.

Let’s consider some ways to identify a potential downside objective, first using the pattern itself.

Calculating a Minimum Downside Objective

As delineated in Edwards and Magee’s classic book on price patterns, you can use the height of the head-and-shoulders pattern to identify an initial downside objective. Basically, take the distance from the top of the head to the neckline, and then subtract that value from the neckline at the breaking point.

Based on my measurements on the S&P 500 chart, this process yields a downside target of right around 5600. It’s worth noting that Edwards and Magee considered this a “minimum downside objective”, implying that there certainly could be further deterioration after that point has been reached.

Now let’s consider some other technical analysis tools that could help us to validate this potential downside target.

A Confluence of Support Confirms Our Measurement

If we create a Fibonacci framework using the August 2024 low and the December 2024 high, we can see a 38.2% retracement around 5725, which lines up fairly well with the swing low from late October. Perhaps this could serve as a short-term support level during the next downward phase?

As I review the chart, however, I’m struck by the fact that the 50% retracement lines up almost perfectly with our price pattern objective. Many early technical analysts, including the infamous W.D. Gann, favored the 50% retracement level as the most meaningful to watch.

You may also notice that the 200-day moving average is gently sloping higher, rapidly approaching our “confluence of support” around 5600. Given the agreement between multiple technical indicators on this price point, we consider it the most likely downside target given this week’s breakdown.

I would also point that while I feel that identifying price targets can be a helpful exercise, as it gives you a framework with which to evaluate further price action, the most important signals usually come from the price itself. How the S&P 500 would move between current levels and 5600 may tell us a great deal about the likelihood of finding support versus a more bearish scenario in the coming weeks.

RR#6,

Dave

P.S. Ready to upgrade your investment process? Check out my free behavioral investing course!


David Keller, CMT

President and Chief Strategist

Sierra Alpha Research LLC


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 author does not have a position in mentioned securities at the time of publication. Any opinions expressed herein are solely those of the author and do not in any way represent the views or opinions of any other person or entity.

Gold has been in the headlines over the last few months, perhaps more so now than in years. This heightened attention stems from shifts in global conditions, including worldwide inflation, escalating geopolitical tensions, a surge in central bank gold purchases, de-dollarization efforts, and the influence of BRICS nations.

If you follow financial media, $3,000 an ounce is the key number, according to analysts from Goldman Sachs, Bank of America, and Citi research, though their timings may vary.

Regardless, the global economy can change a lot over the next few months, especially when the new White House administration takes hold. So, despite analyst projections, keep a close eye on the technical action, as it will likely reflect these changes moving forward.

The weekly chart of gold futures ($GOLD) below gives a wider perspective on gold prices today.

FIGURE 1. WEEKLY CHART OF GOLD FUTURES. Note how gold started going slightly parabolic in March 2024. Is it topping?Chart source: StockCharts.com. For educational purposes.

Gold began its upward trend after hitting a low during the fall of 2022. Throughout most of 2023, the yellow metal remained trapped within a broad trading range. However, in March 2024, gold broke out of this range, gaining significant momentum. This rally culminated in a three-month consolidation pattern, which is where gold is today.

Side note: While this consolidation pattern may resemble a symmetrical triangle to many, it lacks a few key characteristics—especially in terms of volume—so I am reluctant to label it as such.

Gold is generally considered to have a negative correlation with the US Dollar ($USD). As shown in the price overlay, the dollar has been rising since October 2024. Typically, when the dollar strengthens, gold prices decline. However, gold’s reaction to the dollar’s recent advance appears to be relatively subdued so far. So where does that leave us now, with rate-cut uncertainties weighing on market sentiment and inflation data, namely the CPI and PPI, set for release this week?

Shift over to a daily chart comparing $GOLD with the SPDR Gold Shares (GLD), a popular choice for stock investors seeking exposure to gold. I’ll compare both charts since they differ slightly.

FIGURE 2. DAILY CHART OF GOLD FUTURES AND GLD. Note the differences between the ETF and the futures, despite their correlations. Note that $GOLD is EOD, so you are not seeing the current decline at the time of writing.Chart source: StockCharts.com. For educational purposes.

The difference between gold in the futures market and GLD is quite notable. Since futures trade 24 hours a day, price gaps are rare. Additionally, trading volume differs slightly, with the futures market typically attracting larger institutional traders compared to GLD.

If you follow financial news, you may have noticed that many analysts highlight $2,600 as a key support level, suggesting that gold has the potential for further upside. This would be comparable to $238-$240 in GLD. If gold breaks below those levels, the next swing low, one that marks the lowest price point of the consolidation, it would be near $2,544, and for GLD it’s at $236. A break below these levels would invalidate the current uptrend and potentially lead to more downside.

In this scenario, it’s important to reevaluate the broader context—considering technical, fundamental, and geopolitical factors—to gain a clearer understanding of what might be unfolding.

If you’re curious about the momentum and money flow for $GOLD and GLD, you’ll notice a slight difference in their readings. This disparity could provide some actionable insights.

Take a look at a daily chart of gold futures:

FIGURE 3. DAILY CHART OF GOLD FUTURES. Compare this to the GLD chart below, which has the same set of indicators.Chart source: StockCharts.com. For educational purposes.

  • The Relative Strength Index (RSI) shows a slight rise in momentum starting at the pattern’s low shown in the previous chart; currently, the RSI is above the 50-line and rising.
  • The Accumulation/Distribution Line (ADL) marks the difference between the futures and the ETF. Here, the ADL line has risen above the price whereas it had been moving below it and then unison to it. This paints a picture of bullish accumulation potentially leading price toward a positive breakout.

The daily chart of GLD doesn’t show the same ADL reading.

FIGURE 4. DAILY CHART OF GLD. The ADL reading is declining rather than ascending here.Chart source: StockCharts.com. For educational purposes.

The RSI is the same as the $GOLD chart above, but the ADL in GLD’s chart appears to be descending rather than ascending. This suggests that money flow is decreasing in GLD, while it is increasing in the gold futures market.

Here’s one way to interpret this: If the ADL is rising in the futures but declining in the ETF, it could indicate a divergence in behavior between both markets: institutional and large-scale traders are accumulating positions, signaling confidence in gold, while retail investors are taking profits, less certain about gold’s prospects or more concerned about its risks.

Essentially, this brings up the question: If the institutional traders are the so-called “smart money,” are they going to lead gold higher before the retail crowd jumps in? That’s something to keep in mind as you chart the market.

At the Close

Gold remains a focal point in today’s market, much of it driven by economic and macroeconomic concerns. If gold prices break out above or below its current consolidation range, keep an eye on the key levels. Also, note that institutional actions currently differ from retail sentiment. Is the “smart money” leaning more bullish? That’s something to consider in the days ahead.

Again, the larger economic context is slippery and subject to variants, meaning conditions can change quickly. So, if you want to invest in gold, monitor these changes closely.


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.

Will small cap stocks finally take on a leadership role in 2025? In this video, Dave provides a thorough technical analysis discussion of the Russell 2000 ETF (IWM) and how that compares to the current technical configuration of the S&P 500 index. He also shares three charts he’ll be watching in the coming weeks to determine whether small caps are more likely to outperform their large cap counterparts.

This video originally premiered on January 14, 2025. Watch on StockCharts’ dedicated David Keller page!

Previously recorded videos from Dave are available at this link.

One of Pope Francis’ lasting reforms will be his reshaping of the papacy to embrace simplicity and humility, as seen in his decisions to live in a Vatican guesthouse and carry his own briefcase onto the papal plane.

With the release of a new autobiography Tuesday, titled “Hope,” Francis underlines this shift with a remarkable openness about his past mistakes and wrongdoings. They include as a young man getting into a fight with a fellow student who “even lost his senses” after hitting his head when thrown to the ground, and insisting that he still commits “errors and sins” today.

For a pope, who Catholic theology holds is “infallible” when teaching on faith and morals, it is even more striking.

“I feel I have a reputation I do not deserve, a public esteem of which I am not worthy,” writes Francis, who was recently awarded the highest civilian honor in the United States by President Joe Biden. “This, beyond doubt, is my strongest sentiment.”

While the memoir covers major events in the Francis papacy, including the revelation that he faced two assassination attempts during his 2021 visit to Iraq, it does not offer many new details about the scandals and controversies he’s had to address during his pontificate and the significant opposition he’s encountered from some church quarters.

On the Catholic Church’s sexual abuse scandal, the pope says he has felt “called to take responsibility for all the evil committed by certain priests.” Francis explained that as he began his pontificate in 2013, Pope Emeritus Benedict XVI gave him a large white box filled with documents “relating to the most difficult and painful situations: cases of abuse, corruption, dark dealings, wrongdoings.” The pope recalls that when he was handed the box, his predecessor said “everything is in here” and that “now it’s your turn” to deal with the problems.

The 88-year-old pontiff also uses the memoir to address the crises facing today’s world. Describing himself as having always been “politically restless,” he repeatedly condemns the evils of war, while linking the rise of populism today to that of the 1930s and Hitler’s Germany. (Francis was born in 1936 and recalls his grandmother standing up to Mussolini’s black shirts.)

Young people, he writes, need to know “how a distorted populism is born and grows,” recalling the “German federal elections of 1932–33 and Adolf Hitler, the ex-infantryman obsessed by the defeat of World War I and about ‘racial purity,’ who had promised the growth of Germany in the wake of a government that had failed.”

The plight of refugees, for whom Francis has been a tireless advocate, is also personal. His paternal grandparents and father had planned to sail in 1927 on the Principessa Mafalda from Italy to Argentina, which sank with the loss of many lives, but ended up making a later crossing. It has made Francis sensitive to the dangers faced by today’s migrants, and he criticizes those countries which produce weapons but then “refuse and turn away the refugees who have been generated by those weapons and by those conflicts.”

Francis’ earthy humility can be traced back to his upbringing. In the memoir, the first Latin American pontiff recalls growing up in the Flores barrio in Buenos Aires, depicting a joyful, varied and close-knit community with people from different faiths but a place where he also saw the “darker and more difficult side of existence,” such as the “prison world” and prostitution.

Later, as a bishop in the Argentine capital, he ministered to prostitutes and recalls how he gave the last rites to one sex worker from his childhood neighbourhood, La Porota, saying that “even now, I don’t forget to pray for her on the day of her death.” Francis’ awareness of human struggles, and his own failings, has made him insist time and again on the importance of God’s mercy. And throughout his pontificate, he has made efforts to welcome LGBTQ+ people, re-iterating in his memoir that God “loves them (gay people) as they are” and describing a group of transgender women who met him in the Vatican as “daughters of God!”

The new autobiography underlines that Francis remains a pope who has a voice that can connect with people beyond the institution of the Catholic Church. The memoir was written over six years in collaboration with Carlo Musso, from Italian publisher Mondadori, and is being released in major languages in over 80 countries.

It follows the publication of another Francis memoir, “Life,” last year. “Hope” was originally due to be published after the pontiff’s death but its release has been brought forward to coincide with the Catholic Church’s jubilee year.

As for the future, the pope says he has not considered resigning, even though it is a “possibility,” and he addresses some of his health difficulties in recent years. Francis says that he is currently in good health and has physiotherapy twice a week, but the “reality is, quite simply, that I am old.” He expected to be elected pope, he says, but since that moment has revealed a determination to remain grounded.

He explains how he shunned the papal apartments in the isolated Vatican’s apostolic palace for the Casa Santa Marta guesthouse because he “cannot live without people around me” and insists on the importance of keeping a sense of humor. That is also evident in the memoir – for instance, when the pope explains how he was told to wear white trousers, rather than black, to go under his new white papal cassock.

“They made me laugh. I don’t want to be an ice cream seller, I said. And I kept my own,” the pope writes.

This post appeared first on cnn.com

The Israeli government and Hamas say they are in the final stages of indirect talks over a deal for a ceasefire and the release of hostages held in Gaza and Palestinian prisoners held by Israel.

The agreement is set to be implemented in three phases, the first of which would last 42 days.

The deal would deliver the first reprieve from war for the people of Gaza in more than a year, and only the second since Hamas’ October 7, 2023, attack.

The first phase would see the release of 33 hostages held by Hamas and its allies since October 7, including women, children, men over the age of 50 and wounded people.

Israel would release “many hundreds” of Palestinian prisoners in exchange, an Israeli official said, including Palestinians convicted of killing Israelis.

Israel has not yet committed to an exact number of prisoners to release, the official said, because Hamas has not yet said how many of the 33 hostages are alive. Israel has agreed to release a larger number of Palestinian prisoners for live hostages than for the bodies of the deceased.

The Israeli military would begin withdrawing from population centers during the first phase, but would remain along the Gaza-Egypt border, known as the Philadelphi Corridor, the official said.

Israel would also maintain a buffer zone inside Gaza along the border with Israel, the size of which has been one of the final sticking points in the negotiations.

The deal is expected to include the release of five female Israeli soldiers held by Hamas in the first phase of the agreement, each of whom would be exchanged for 50 Palestinian prisoners, including 30 convicted militants who are serving life sentences, The Associated Press reported.

Palestinian prisoners deemed responsible for killing Israelis would not be released into the West Bank, but rather to the Gaza Strip or abroad following agreements with foreign countries.

Hamas and its allies still hold 94 people taken from Israel on October 7, 2023. At least 34 of them are dead, according to the Israeli government, though the true number is expected to be higher. Hamas holds an additional four hostages who have been captive since 2014, at least two of whom are dead.

Of the 94 hostages taken on October 7, 81 are men and 13 are women, according to the Israeli Prime Minister’s Office. Two are children under the age of five; 84 are Israelis, eight are Thai, one is Nepalese and one is Tanzanian.

Israel holds at least 10,000 Palestinian prisoners, according to the Commission of Detainees Affairs and the Palestinian Prisoners’ Society – though that number does not include an unknown number of Palestinians taken captive in Gaza. The figure of Palestinian prisoners held by Israel includes 3,376 people held under administrative detention, meaning they have had no public charges against them nor faced trial, including 95 children and 22 women.

Second phase intended to end war

Negotiations to reach the second and third phases of a ceasefire agreement – which is intended to end the war – would begin on the 16th day of the implementation of the deal, according to the Israeli official.

The ceasefire is not guaranteed to continue beyond the first phase of the deal. However, the official said Israel is eager to “bring all our hostages back home” and will enter negotiations to enter the second phase of the agreement in good faith, which could lead to the full withdrawal of Israeli forces from Gaza.

Israel does not commit to ending the war in the agreement but has committed to engage in negotiations to enter the next phase of the deal — which would lead to the full withdrawal of Israeli troops. The Associated Press reported that the mediators gave Hamas verbal guarantees that they will pressure Israel to reach a deal for the next phases of the agreement.

The Israeli military has killed at least 46,645 Palestinians in Gaza since launching its offensive in response to Hamas’ October 7 attack, according to the Palestinian Ministry of Health. More than 110,000 people have been injured.

This post appeared first on cnn.com

Catherine, Princess of Wales revealed on Tuesday that she is in remission from cancer, following a visit to the London hospital where she was treated last year.

Catherine, in a post on social media, spoke of her “relief to now be in remission” and that she remained focused on her recovery.

“As anyone who has experienced a cancer diagnosis will know, it takes time to adjust to a new normal,” the 43-year-old said in a post on X. “I am however looking forward to a fulfilling year ahead. There is much to look forward to. Thank you to everyone for your continued support.”

Earlier Tuesday, the princess had made the returned to The Royal Marsden NHS Foundation Trust in Chelsea, west London, where she met medical teams and spoke to patients who are currently receiving treatment, Kensington Palace said.

The unannounced visit was her first solo engagement of the year as the royal continues a phased return to her public duties.

Catherine, who is also known as Kate, stepped back from her public duties last year to undergo treatment for an unspecified cancer. In September, she announced that she had completed her chemotherapy, and said she was “doing what I can to stay cancer free.”

Following her poignant visit, Kate said on social media that she had “wanted to take the opportunity to say thank you to The Royal Marsden for looking after me so well during the past year.”

“My heartfelt thanks goes to all those who have quietly walked alongside William and me as we have navigated everything. We couldn’t have asked for more,” she added. “The care and advice we have received throughout my time as a patient has been exceptional.”

A deeply personal visit

During her visit on Tuesday, Kate also spent some time with fellow patients also undergoing treatment. According to Britain’s PA Media news agency, the princess joked with one patient that she’d grown “attached” to her medication port – a small device inserted under the skin to deliver chemotherapy drugs.

Speaking to dozens of patients at the hospital’s Medical Day Unit, PA Media reported, Kate noted that chemo is “really tough. It’s such a shock.”

The palace also announced Kate had become joint patron of the specialist cancer center, alongside her husband, Prince William.

Kensington Palace said that the princess had wanted to return to the hospital “to both show her gratitude to the incredible team, but also highlight the world leading care and treatment the Marsden provides.”

Prince William last week praised his wife and mother of their three children as she celebrated her 43rd birthday, saying “the strength you’ve shown over the last year has been remarkable.”

GET OUR FREE ROYAL NEWSLETTER

    The Royal Marsden was the world’s first hospital dedicated to cancer diagnosis, treatment, research and education when it first opened in 1851. Today, the facility remains a world-leading cancer center.

    Prince William has held the role of president of the hospital since 2007, a role that previously belonged to his late mother, Diana.

    As joint royal patron, it is understood that Kate will support the hospital’s work in advancing cancer research, treatment and care as well as learning more about how it can benefit patients in the future. The royal said that she hoped that through her joint royal patronage that “we might save many more lives, and transform the experience of all those impacted by cancer.”

    The hospital’s chief executive, Cally Palmer, said: “We are incredibly fortunate to receive Royal Patronage – it is inspiring for staff and patients and enables us to shine a light on the outstanding work our staff deliver every day for patients and their families.”

    This post appeared first on cnn.com

    South Korean authorities investigating President Yoon Suk Yeol have arrived at his official residence in a second attempt to detain the embattled leader for questioning over his short-lived declaration of martial law last month, according to South Korea’s Yonhap news agency.

    Vehicles from the Corruption Investigation Office (CIO), which is working with police and the defense ministry to investigate Yoon, were seen arriving at the property early Wednesday, according to Yonhap. Members of the police appeared to be part of the arrest team.

    Meanwhile, video from Reuters also showed groups of protesters crowding the main gate of the residence. A white van marked “POLICE” with flashing blue lights was also seen approaching the entrance flanked by uniformed officers.

    Despite sub-zero conditions, demonstrators could be heard chanting “resign,” “your time is up” and “take responsibility.”

    The crowds were accompanied by lines of uniformed police, and a combination of police buses and protester buses remained outside the residence, blockading the street.

    Video from YTN showed a large sign on the back of one bus that read “Yoon Suk Yeol, Step Down” and “Insurrection Department – Yoon Suk Yeol” in Korean. Both slogans are typical for anti-Yoon protests since the president launched his abortive attempt at declaring martial law.

    For weeks, the embattled president has been holed up in his fortified residence, surrounded by his Presidential Security Service team, evading arrest as he faces several probes and an impeachment trial following his short-lived decree.

    Yoon is wanted for questioning in multiple investigations, including over accusations of leading an insurrection – a crime punishable by life imprisonment or even the death penalty.

    Efforts to take him into custody earlier this month were thwarted after an hours-long showdown in which soldiers and members of the presidential security detail blocked some 80 police and investigators from approaching the presidential compound.

    Martial law declaration

    Yoon declared martial law in a surprise late-night address on December 3, claiming opposition lawmakers had “paralyzed state affairs” and that the move was necessary to “safeguard a liberal South Korea” from the threats posed by “anti-state elements.”

    Members of the National Assembly, including some from Yoon’s own party, voted to reverse the declaration some six hours later. Yoon’s order faced fierce backlash from the public and lawmakers across the political spectrum, reviving painful memories of the country’s authoritarian past.

    In the weeks since, the country has been in political disarray with parliament also voting to impeach its prime minister and acting president Han Duck-soo, just weeks after it voted to impeach Yoon. The finance minister Choi Sang-mok is now acting president.

    This is a developing story and will be updated.

    This post appeared first on cnn.com

    The South African government has launched a rescue operation at an abandoned gold mine in the country’s North West province, where at least 109 men have died, a group representing the miners said, after local authorities cut off vital supplies in a dramatic bid to crack down on the country’s illegal mining trade.

    As of Tuesday evening, at least 51 bodies and 66 survivors had been pulled out of the Stilfontein mine, according to South African police, with many more feared trapped inside.

    While estimates varied on how many men were in the mine, Meshack Mbangula, head of the Mining Affected Communities United in Action (MACUA), had earlier estimated that 500 people were trapped underground.

    The video, filmed by one of the miners last week, according to Mbangula, also shows shirtless, emaciated-looking men with protruding bones and ribs.

    A man speaking in Zulu, pleads to be rescued in one scene. Another man says: “How many days must we live in a situation like this.”

    “Please take us out. Please assist us to come out or if not, please give us food because [there are] people who are dead. We’ve got 109 people dead and we need plastic to wrap them because the smell is too much, we can’t stand the smell,” the miners said in the letter.

    Community-led groups like MACUA say they have led the effort to help the trapped miners for months, he said, as police cut off food and vital supplies to the men in November in an attempt to force them out and close the mine.

    The police’s move – a self-described crackdown on the illegal mining industry – has drawn criticism from community groups and South Africa’s Federation of Trade Unions (SAFTU), who in November called it “vindictive,” and one that may “end in a tragedy.”

    Police spokesperson Athlenda Mathe told reporters in November that food and water supplies to those underground had been halted. “We are stopping and preventing food and water to go down there as a way of forcing these illegal miners to resurface because what they are doing is criminality,” she said.

    Miners would face arrest upon resurfacing, according to police.

    In November, a South African court ordered police to halt its standoff, provide food to the trapped miners and allow rescue teams to access the mine. The nation’s Human Rights Commission (SAHRC) also said it was investigating the police service for halting vital supplies to the miners.

    On Sunday, facing intensifying public pressure and reports that many of the miners had already died, the Department of Mineral Resources and Energy said it had begun plans to conduct a rescue operation at the abandoned shaft. The mineral resources department said “the decision to deploy rescue services was made independently” and not mandated by a court.

    South Africa harbors up to 100,000 artisanal miners, known locally as “zama zamas” with most of the minerals derived from artisanal mining “sold to the black market, and international illicit mineral traders,” according to SAFTU.

    The nation also loses more than $1 billion to illegal mining annually, with the black market trade in gold linked to violent turf wars, according to a parliamentary brief.

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