Alan Valdes of Silverbear Capital joins Yahoo Finance's Seana Smith from the floor of the New York Stock Exchange to discuss the latest market moves.
Donald Trump is set to secure on Tuesday a stock bonus worth $1.3 billion from the company that operates his social media app Truth Social, equivalent to about half the majority stake he already owns in it, thanks to the wild rally in its shares. The award will take the former U.S. President's overall stake in the company, Trump Media & Technology Group (TMTG), to $4.1 billion. While Trump has agreed not to sell any of his TMTG shares before September, the windfall represents a significant boost to his wealth, which Forbes pegs at $4.7 billion.
Marshall James Kavanaugh takes a battered old typewriter to a park and lets people give him a prompt for a poem. They walk away with a piece of art.
The idea of a doctor in the United States having to consider the risk of imprisonment before performing an emergency abortion might have been difficult to imagine just two years ago. But after the U.S. Supreme Court in June 2022 overturned the 1973 Roe v. Wade ruling that had legalized abortion nationwide, such dilemmas are a reality in several states that have since adopted Republican-backed near-total bans that include the threat of criminal penalties and loss of medical licensure. The court on Wednesday is set to hear arguments in a case pitting Idaho's strict abortion ban against a federal law that ensures that patients can receive emergency care.
Nvidia will report earnings in late May, an event that is likely more crucial to the overall market than the coming week's crush of results and economic data.
French police evicted migrants from a makeshift camp in Paris a few steps away from the Seine River on Tuesday, the latest operation in what aid groups call a campaign of ‘’social cleansing'' ahead of the Summer Olympics. "I was already scared but I am even more scared because I don’t know where to go,” said Boubacar Traore, 16, who said he fled conflict in Burkina Faso and arrived in France two months ago. The operation came days after police carried out a large-scale eviction at France’s biggest squatter camp in a suburb south of Paris.
Azerbaijan asked the International Court of Justice (ICJ) on Tuesday to move forward with a case accusing Armenia of carrying out a campaign of ethnic cleansing, one of two competing cases launched by the foes over their decades of ethnic conflict. Armenia and Azerbaijan have each sought rulings at the ICJ, also known as the World Court, against the other over the fallout of conflicts dating to the breakup of the Soviet Union, mainly over Nagorno-Karabakh, a part of Azerbaijan once home to many Armenians.
Taiwan's incoming president Lai Ching-te said on Tuesday that a multi-billion US military aid package will "strengthen deterrence against authoritarianism", as China ramps up political and military pressure on the self-ruled island.It has ramped up military and political pressures against Taiwan in recent years, sending in warplanes and naval vessels near-daily around the island.
Relations between Beijing and Washington are stabilising despite U.S. actions that harm Chinese interests, a Chinese foreign ministry official has said ahead of a visit by U.S. Secretary of State Antony Blinken. In laying out goals for the visit, the unnamed official, described as director-general of the foreign ministry's department of North American and Oceanian affairs, said relations should stabilise and advance on a sustainable path. But he said Chinese interests and its "bottom line" must be safeguarded, the state news agency Xinhua reported on Tuesday.
More than 100,000 people have been evacuated due to heavy rain and fatal floods in southern China, with the government issuing its highest-level rainstorm warning for the affected area on Tuesday.On Tuesday, the megacity of Shenzhen was among the areas experiencing "heavy to very heavy downpours", the city's meteorological observatory said, adding the risk of flash floods was "very high".
Judge Juan Merchan will hear arguments Tuesday about whether Donald Trump violated his gag order in the hush money trial by attacking Stormy Daniels
Reports of deposed former Myanmar leader Aung San Suu Kyi’s move to house arrest are “questionable,” her son said Tuesday, adding he believed the ruling military junta wants to keep her location secret to deter resistance attacks on the capital as a civil war rages.
Britain’s plans to send some asylum-seekers to Rwanda were swiftly condemned by international humanitarian organizations after Parliament approved legislation allowing the deportation flights to begin later this year. Both the U.N. refugee agency and the Council of Europe on Tuesday called for the U.K. to rethink its plans because of concerns that the legislation undermines human rights protections and fears that it will damage international cooperation on tackling the global migrant crisis. “The new legislation marks a further step away from the U.K.’s long tradition of providing refuge to those in need, in breach of the Refugee Convention,” U.N. High Commissioner for Refugees Filippo Grandi said in a statement.
The UK readied on Tuesday to start detaining migrants within days for deportation to Rwanda after the controversial plan got parliament's approval, sparking outrage from the UN and rights groups.Under the UK scheme, undocumented asylum seekers arriving in Britain would be sent to Rwanda, where their asylum claims would be examined and, if approved, would allow them to stay in Rwanda.
These primary races in the pivotal 2024 swing state could forecast trends for the general election.
The Biden administration on Tuesday set a new goal to protect vast U.S. water sources, from rivers to wetlands, as part of a series of announcements marking Earth Week. The administration plans to announce a new goal of protecting, restoring and reconnecting 8 million acres (3.2 million hectares) of threatened wetlands and 100,000 miles (161,000 km) of rivers and streams, according to White House documents. The White House, which is hosting a water summit on Tuesday, also plans to pledge $1 billion to deliver clean water to households on Native American land.
Business activity in the eurozone picked up in April thanks to "increasingly robust" growth in the services sector, a closely watched survey showed Tuesday."Increasingly robust service sector growth was nevertheless accompanied by signs of a further moderation of the manufacturing downturn," S&P Global said.
An expected Israeli assault on Rafah has aid groups scrambling for ways to help the 1.5 million civilians sheltering in the south Gaza city but the uncertain timeline poses a logistical nightmare. Oxfam joined 12 other aid groups in a joint call for a ceasefire on April 3, stressing that more than a million civilians, including at least 610,000 children, were "in direct line of fire" in Rafah.
The clocks had stopped at the exact moment Russian missiles recently ripped into the Ukrainian power plant, where workers were clearing scorched debris under a gaping hole in the roof.Russia has stepped up devastating bombardments on Ukrainian power plants in recent weeks, at a perilous moment for Kyiv as it struggles with manpower and ammunition shortages and loses ground on the front.
The justices are likely to reject the claim of absolute immunity. But even if they do, Trump may already have won by delaying his election interference trial.
Europe's highest rights body on Tuesday called on Britain to scrap a controversial plan to deport asylum seekers to Rwanda, saying it raised "major issues" over their rights and the rule of law.O'Flaherty said the legislation "raises major issues about the human rights of asylum seekers and the rule of law more generally".
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