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Temu, Shein face big U.S. tariffs. Don’t count them out, experts say Temu, Shein face big U.S. tariffs. Don’t count them out, experts say The closure of a trade loophole and prohibitive tariffs on China have upended Temu and Shein’s business model in the United States. And yet the e-commerce companies are likely to remain a dominant force in American online retailing, experts suggest. On Friday, the de minimis rule — a policy that had exempted U.S. imports worth $800 from trade tariffs — officially closed for shipments from China. This has seen Temu and Shein exposed to duties as high as 120% or a flat fee of $100, set to rise to $200 in June. The small-package tariff exemption had been key to the companies’ ability to maintain budget prices on the merchandise they ship from China. Now that its gone, prices on Temu and Shein have been surging, with the former ending direct shipments from outside the U.S. altogether. The change will be welcomed by many detractors of de minimis, among them U.S. lawmakers, labor unions and retailers, who have argued that Temu and Shein abused the exemption to undercut local businesses and flood the country with illicit and counterfeit products. But despite the new trade challenges that Temu and Shein face, ecommerce and supply chain experts told CNBC that the companies are still capable of competing with their rivals in the U.S. “Don’t count them out … Not at all. These kinds of ******** e-commerce apps are very adept and agile. They have contingency plans in place and have taken the necessary steps to cover the tariffs from a margin perspective,” said Deborah Weinswig, CEO and founder of Coresight Research. “I personally believe, if anything, [America’s e-commerce] game has been accelerating in favor of Temu and Shein … I wouldn’t be surprised if the competitiveness gap actually continues to widen,” added Weinswig, whose research and advisory firm works with clients across tech, retail and supply chains. Contingencies in place The loss of the de minimis exemption had long been anticipated, with U.S. President Donald Trump temporarily closing it in February. In preparation, Temu and Shein had been accelerating localization strategies for the U.S. Scott Miller, CEO of e-commerce consulting firm pdPlus, told CNBC that Shein and Temu will continue to onboard goods from American sellers onto their apps to protect them from tariffs. “Many of the current sellers on Temu and Shein are located in China or countries nearby, but not all. Local U.S. companies have been joining these platforms at an accelerating pace … several of our clients have onboarded or began the process of onboarding in just the past few months,” he said. While margins for more localized brands and other sellers won’t be as high as those for China-based sellers on the platforms, they can be competitive, he said. He added that in the case of Temu, vendors are attracted to lower fees, lighter competition and greater assistance with onboarding and setting up sales channels compared with what Amazon offers. In recent days, Temu, which is owned by ******** e-commerce giant PDD Holdings, has begun exclusively offering goods shipped from local warehouses to U.S. shoppers. Many of those goods are still sourced from China but then shipped in bulk to U.S. warehouses, according to experts. While these bulk items are subject to tariffs, they also benefit from economies of scale. This development is likely to see the variety of products on Temu scaled back, said Henry Jin, an associate professor of supply chain management at Miami University. However, he added, Temu is likely to resume direct shipments from China, depending on the outcome of the trade war between the U.S. and China. Shein, meanwhile, has leaned into supply chain expansion, building manufacturing operations in countries such as Turkey, Mexico and Brazil, and reportedly plans to shift to Vietnam. The company appears to still be shipping directly from China and likely has more room to absorb tariffs because of its “sky-high” margins in its core fast-fashion business, Jin said. “If there’s one thing that ******** companies are good at, it’s operating on a razor thin margin in an intensely competitive, if not adverse environment … they find every scrap that they can to survive,” he added. Competitive prices? Contingency plans aside, experts agree that Trump’s trade policy will continue to affect prices on Temu and Shein. The companies first announced they were raising prices in mid-April to counter tariffs. According to data from Coresight, prices across shopping categories on Shein rose between 5% and 50% in the latter half of April, with the sharpest rises seen in toys and games and beauty and health. However, many e-commerce experts remain confident that Temu and Shein will continue to prove price-competitive. Coresight’s Weinswig said the two companies have previously been able to offer products at a third of the prices on Amazon for comparable goods. So, even if they more than double the prices to absorb the impacts of tariffs, many goods could remain cheaper than those on American e-commerce sites and retailers. Jason Wong, who works in product logistics for Temu in Hong Kong, noted this dynamic when speaking to CNBC last month, likening Temu to a dollar store. If prices at the dollar store go from $1 to $2, it’s still a dollar store, he said. Furthermore, Trump’s trade tariffs on China and other trade partners have also affected American retailers and e-commerce sites like Amazon. Other advantages When Forever 21 filed for bankruptcy protection earlier this year, it blamed Shein and Temu’s use of the de minimis exemption, which it said “undercut” its business. But experts say that exclusively attributing the success of Shein and Temu to that trade loophole misses many of the other factors that have made them smash hits in the U.S. According to Anand Kumar, associate director of research at Coresight Research, Temu and Shein owe a lot of their success to their very agile supply chains that adapt fast to consumer trends. For example, Shein’s small-batch production — in which product styles are initially launched in limited quantities, typically around 100-200 items — allows it to test and scale products efficiently. Another key is the companies’ applications, which use various strategies to maintain user interest, including frequent phone notifications, product recommendation algorithms and perhaps most notably, constantly displaying discounted prices from promotions and flash sales. Temu was offering a “mega savings extravaganza” for American consumers on Monday. Some of the bestselling items on ***** included stainless steel hook earnings for $1.45 and a fitted mattress pad for $11.54. It’s unclear if the discounted local goods were stockpiled before tariffs came into effect. In addition, app users will often be met with mini-games that grant different coupons or ways to earn rewards, as well as opportunities to buy “mystery boxes” with assorted products. That “gamification strategy” definitely plays into the consumer psychology of many U.S. shoppers who often buy items out of the excitement of being able to get a great deal, said Miami University’s Jin. Experts also flagged that Temu and Shein have been very effective at marketing, including through the harnessing of livestreaming and social media. On the other hand, according to Coresights’ Weinswig, American retailers have failed to adequately recognize threats from Temu and Shein and adjust their supply chains and pricing models. Source link #Temu #Shein #face #big #U.S #tariffs #Dont #count #experts Pelican News View the full article at [Hidden Content] For verified travel tips and real support, visit: [Hidden Content]

Temu, Shein face big U.S. tariffs. Don’t count them out, experts say Temu, Shein face big U.S. tariffs. Don’t count them out, experts say The closure of a trade loophole and prohibitive tariffs on China have upended Temu and Shein’s business model in the United States. And yet the e-commerce companies are likely to remain a dominant force in American online retailing, experts suggest. On Friday, the de minimis rule — a policy that had exempted U.S. imports worth $800 from trade tariffs — officially closed for shipments from China. This has seen Temu and Shein exposed to duties as high as 120% or a flat fee of $100, set to rise to $200 in June. The small-package tariff exemption had been key to the companies’ ability to maintain budget prices on the merchandise they ship from China. Now that its gone, prices on Temu and Shein have been surging, with the former ending direct shipments from outside the U.S. altogether. The change will be welcomed by many detractors of de minimis, among them U.S. lawmakers, labor unions and retailers, who have argued that Temu and Shein abused the exemption to undercut local businesses and flood the country with illicit and counterfeit products. But despite the new trade challenges that Temu and Shein face, ecommerce and supply chain experts told CNBC that the companies are still capable of competing with their rivals in the U.S. “Don’t count them out … Not at all. These kinds of ******** e-commerce apps are very adept and agile. They have contingency plans in place and have taken the necessary steps to cover the tariffs from a margin perspective,” said Deborah Weinswig, CEO and founder of Coresight Research. “I personally believe, if anything, [America’s e-commerce] game has been accelerating in favor of Temu and Shein … I wouldn’t be surprised if the competitiveness gap actually continues to widen,” added Weinswig, whose research and advisory firm works with clients across tech, retail and supply chains. Contingencies in place The loss of the de minimis exemption had long been anticipated, with U.S. President Donald Trump temporarily closing it in February. In preparation, Temu and Shein had been accelerating localization strategies for the U.S. Scott Miller, CEO of e-commerce consulting firm pdPlus, told CNBC that Shein and Temu will continue to onboard goods from American sellers onto their apps to protect them from tariffs. “Many of the current sellers on Temu and Shein are located in China or countries nearby, but not all. Local U.S. companies have been joining these platforms at an accelerating pace … several of our clients have onboarded or began the process of onboarding in just the past few months,” he said. While margins for more localized brands and other sellers won’t be as high as those for China-based sellers on the platforms, they can be competitive, he said. He added that in the case of Temu, vendors are attracted to lower fees, lighter competition and greater assistance with onboarding and setting up sales channels compared with what Amazon offers. In recent days, Temu, which is owned by ******** e-commerce giant PDD Holdings, has begun exclusively offering goods shipped from local warehouses to U.S. shoppers. Many of those goods are still sourced from China but then shipped in bulk to U.S. warehouses, according to experts. While these bulk items are subject to tariffs, they also benefit from economies of scale. This development is likely to see the variety of products on Temu scaled back, said Henry Jin, an associate professor of supply chain management at Miami University. However, he added, Temu is likely to resume direct shipments from China, depending on the outcome of the trade war between the U.S. and China. Shein, meanwhile, has leaned into supply chain expansion, building manufacturing operations in countries such as Turkey, Mexico and Brazil, and reportedly plans to shift to Vietnam. The company appears to still be shipping directly from China and likely has more room to absorb tariffs because of its “sky-high” margins in its core fast-fashion business, Jin said. “If there’s one thing that ******** companies are good at, it’s operating on a razor thin margin in an intensely competitive, if not adverse environment … they find every scrap that they can to survive,” he added. Competitive prices? Contingency plans aside, experts agree that Trump’s trade policy will continue to affect prices on Temu and Shein. The companies first announced they were raising prices in mid-April to counter tariffs. According to data from Coresight, prices across shopping categories on Shein rose between 5% and 50% in the latter half of April, with the sharpest rises seen in toys and games and beauty and health. However, many e-commerce experts remain confident that Temu and Shein will continue to prove price-competitive. Coresight’s Weinswig said the two companies have previously been able to offer products at a third of the prices on Amazon for comparable goods. So, even if they more than double the prices to absorb the impacts of tariffs, many goods could remain cheaper than those on American e-commerce sites and retailers. Jason Wong, who works in product logistics for Temu in Hong Kong, noted this dynamic when speaking to CNBC last month, likening Temu to a dollar store. If prices at the dollar store go from $1 to $2, it’s still a dollar store, he said. Furthermore, Trump’s trade tariffs on China and other trade partners have also affected American retailers and e-commerce sites like Amazon. Other advantages When Forever 21 filed for bankruptcy protection earlier this year, it blamed Shein and Temu’s use of the de minimis exemption, which it said “undercut” its business. But experts say that exclusively attributing the success of Shein and Temu to that trade loophole misses many of the other factors that have made them smash hits in the U.S. According to Anand Kumar, associate director of research at Coresight Research, Temu and Shein owe a lot of their success to their very agile supply chains that adapt fast to consumer trends. For example, Shein’s small-batch production — in which product styles are initially launched in limited quantities, typically around 100-200 items — allows it to test and scale products efficiently. Another key is the companies’ applications, which use various strategies to maintain user interest, including frequent phone notifications, product recommendation algorithms and perhaps most notably, constantly displaying discounted prices from promotions and flash sales. Temu was offering a “mega savings extravaganza” for American consumers on Monday. Some of the bestselling items on ***** included stainless steel hook earnings for $1.45 and a fitted mattress pad for $11.54. It’s unclear if the discounted local goods were stockpiled before tariffs came into effect. In addition, app users will often be met with mini-games that grant different coupons or ways to earn rewards, as well as opportunities to buy “mystery boxes” with assorted products. That “gamification strategy” definitely plays into the consumer psychology of many U.S. shoppers who often buy items out of the excitement of being able to get a great deal, said Miami University’s Jin. Experts also flagged that Temu and Shein have been very effective at marketing, including through the harnessing of livestreaming and social media. On the other hand, according to Coresights’ Weinswig, American retailers have failed to adequately recognize threats from Temu and Shein and adjust their supply chains and pricing models. Source link #Temu #Shein #face #big #U.S #tariffs #Dont #count #experts Pelican News View the full article at [Hidden Content] For verified travel tips and real support, visit: [Hidden Content]

iQOO Neo 10 Pro+ Moniker Surfaces Online; Launch Timeline, Key Features Tipped iQOO Neo 10 Pro+ Moniker Surfaces Online; Launch Timeline, Key Features Tipped iQOO Neo 10 Pro+ could arrive as an addition to the existing iQOO Neo 10 series in China. A tipster suggested the moniker of the purported handset, while another hinted at its probable launch timeline and expected key specifications. The standard iQOO Neo 10 and the Neo 10 Pro were launched in the country in November 2024. The rumoured smartphone is tipped to be the top-of-the-line variant with a Snapdragon 8 Elite SoC. Notably, the company is gearing up to introduce the iQOO Neo 10 handset in India. iQOO Neo 10 Pro+ Launch Timeline, Key Features (Expected) The iQOO Neo 10 Pro+ moniker was suggested by tipster Digital Chat Station (translated from ********) recently. Although the main post is about a different device, the tipster suggests the name in a reply to another Weibo user’s comment on the post. The leaker added that the iQOO Neo 10 series will not see any “S” branded handsets. Notably, the preceding generation of handsets included the iQOO Neo 9s Pro and the Neo 9s Pro+, which were unveiled in China last year, in May and July, respectively. Another tipster, Experience More (translated from ********), claimed in a Weibo post that the rumoured iQOO Neo 10 Pro+ could launch by May. The handset, reportedly carrying the model number Vivo V2463A, has appeared on Geekbench with 3,171 and 9,861 single-core and multi-core test scores, respectively. The tipster added that the iQOO Neo 10 Pro+ will likely be equipped with an octa-core Snapdragon 8 Elite chipset. The Geekbench listing suggests that it will support 16GB of RAM and run on Android 15-based OriginOS 5. The handset is said to pack a 7,000mAh battery with 120W wired fast charging support. The iQOO Neo 10 Pro+ is expected to get a flat screen with 2K resolution and an in-display ultrasonic fingerprint sensor for biometric authentication. The handset is tipped to get a plastic middle frame and a glass back cover. For optics, it may carry a 50-megapixel 1/1.56-inch primary sensor with OIS support alongside a 50-megapixel ultra-wide shooter at the back. Affiliate links may be automatically generated – see our ethics statement for details. Source link #iQOO #Neo #Pro #Moniker #Surfaces #Online #Launch #Timeline #Key #Features #Tipped Pelican News View the full article at [Hidden Content]

El Salvador president orders arrest of of bus company heads for defying free transport order – AP News El Salvador president orders arrest of of bus company heads for defying free transport order – AP News El Salvador president orders arrest of of bus company heads for defying free transport order AP NewsView Full Coverage on Google News Source link #Salvador #president #orders #arrest #bus #company #heads #defying #free #transport #order #News Pelican News View the full article at [Hidden Content]

Troy Deeney’s Team of the Week: Palmer, Fernandez, Evanilson, Martinez Troy Deeney’s Team of the Week: Palmer, Fernandez, Evanilson, Martinez Enzo Fernandez (Chelsea) and Youri Tielemans (Aston Villa): These two are on a similar trajectory. Really impressive performance: box to box, combative and they did everything they needed to do. Tielemans has been great for Villa and now Villa are trying to work out who fits in around him. Before it was chopping and changing – was it Amadou Onana, was it John McGinn? Now it’s Tielemans and whoever. Fernandez is the same: a £100m price tag, won the World Cup. Everyone was a little bit worried, but he’s chipping in with goal after goal and performance after performance. Kevin Schade (Brentford): Two goals against Man Utd gets you a lot of credit but everyone talks a lot about Yoane Wissa and Bryan Mbeumo – obviously because these guys are very good and very talented – but he’s chipped away. He lost a long time to injury but since he’s been back in the fold he deserves a bit of credit – because to score two against Manchester United is always special. Julio Enciso (Ipswich): He showed real class and real quality, even with Ipswich dead and buried in the league. I’ve been in dressing rooms where people like that say they’re injured and go back to their parent club because the job is done, but he did the opposite. He took the game to Everton, was the best player on the pitch and showed he is Premier League quality, whether that be with another team in the Prem or back with Brighton. Very, very good goal. Unbelievable goal, actually – a contender for goal of the season. Cole Palmer (Chelsea): It wasn’t his best game but everything he did had real quality and class. He’s not in it for the goal. I think it’s his movement, the way he was gliding past people and looking like he was, it was all good fun. Source link #Troy #Deeneys #Team #Week #Palmer #Fernandez #Evanilson #Martinez Pelican News View the full article at [Hidden Content]

NRL teams: Brisbane Broncos playmaker Ezra Mam to return via Queensland Cup after nine-week ban expires NRL teams: Brisbane Broncos playmaker Ezra Mam to return via Queensland Cup after nine-week ban expires With his nine-week NRL ban now served, Ezra Mam is available to play for the Brisbane Broncos who have decided where the star playmaker will return. Source link #NRL #teams #Brisbane #Broncos #playmaker #Ezra #Mam #return #Queensland #Cup #nineweek #ban #expires Pelican News View the full article at [Hidden Content]

St. Louis distillery wins top ******** award with brewery collaboration St. Louis distillery wins top ******** award with brewery collaboration ST. LOUIS – Still 630 Distillery, in collaboration with Second Shift Brewery, has won the best craft ******** award from the American Craft Spirits Association. The award marks the third time the local distillery has achieved this honor, highlighting the excellence of the St. Louis spirits scene. “This is a testament to our passion and hard work and our love of St. Louis,” Dave Weglarz, Still 630 Distillery, said. Weglarz noted that the competition included dozens of international distilleries, making their victory even more significant. The collaboration involved distilling and barrel aging beer from local breweries, creating unique and innovative ******** flavors. Food writers say this is the best ******** restaurant in Missouri “The brewery collabs are one of my favorite things that we do,” Andrew Spaugh, Still 630 Distillery, said. “It’s really just an excuse for us to work with some of the other local great companies here in town.” Spaugh emphasized the importance of these collaborations in showcasing the craft and creativity of St. Louis breweries. The award not only celebrates the craftsmanship of Still 630 but also shines a spotlight on the vibrant spirit scene in St. Louis, promising continued innovation and excellence in the local industry. All facts from this article were gathered by KTVI journalists. This article was converted into this format with assistance from artificial intelligence. It has been edited and approved by KTVI staff. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. For the latest news, weather, sports, and streaming video, head to FOX 2. Source link #Louis #distillery #wins #top #******** #award #brewery #collaboration Pelican News View the full article at [Hidden Content]

Merz to be sworn in as Germany ends six months of political stalemate – BBC Merz to be sworn in as Germany ends six months of political stalemate – BBC Merz to be sworn in as Germany ends six months of political stalemate BBCFriedrich Merz, Germany’s New Leader, Leaps Into a World of Crises The New York TimesIncoming ******* Chancellor Merz vows reforms and investments as parties sign coalition agreement CNBCBoris Pistorius stays on as Germany’s defence minister in Merz’s coalition Financial TimesGerman lawmakers vote whether to approve Mertz as chancellor. Here’s what to know The Hill Source link #Merz #sworn #Germany #ends #months #political #stalemate #BBC Pelican News View the full article at [Hidden Content]

Abuse victims question if Pope Francis did enough to stop predators Abuse victims question if Pope Francis did enough to stop predators John Sudworth North America correspondent MacPherson family Alexa MacPherson (left) was ********* abused from the age of three by Priest Peter Kanchong (right) As 135 cardinals meet in Rome to decide the next pope, questions about the legacy of the last one will loom large over their discussions. For the Catholic Church, no aspect of Pope Francis’ record is more sensitive or contentious than his handling of the ******* abuse of children by members of the clergy. While he’s widely acknowledged to have gone further than his predecessors in acknowledging victims and reforming the Church’s own internal procedures, many survivors do not think he went far enough. Alexa MacPherson’s abuse by a Catholic priest began around the age of three and continued for six years. “When I was nine-and-a-half, my father caught him trying to ***** me on the living room couch,” she told me when we met on the Boston waterfront. “For me, it was pretty much an everyday occurrence.” On discovering the abuse, her father called the police. A court hearing for a criminal complaint against the priest, Peter Kanchong, accused of assault and battery of a minor, was set for 24 August 1984. But unbeknownst to the family, something extraordinary was taking place behind the scenes. The Church – an institution that wielded enormous power in a deeply Catholic city – believed that the court was on its side. “The court is attempting to handle the matter in such a way as to help Father Peter and to avoid scandal to the Church,” the then-Archbishop of Boston, Bernard Law, wrote in a letter that would remain hidden for years. Alexa MacPherson believes there is so much more the Catholic Church can do about child abuse Reflecting on the events of more than four decades ago, Ms MacPherson recognises that her abuse took place long before Francis became pope. But over that same *******, through a series of global scandals which are still unfolding, the issue of the systemic ******* exploitation of children has become the modern Church’s biggest challenge. It is a challenge she believes Pope Francis failed to rise to, as she made clear when I asked her how she had reacted to the news of his death. “I actually don’t feel like I had much of a reaction,” she replied. “And I don’t want to take away from the good that he did do, but there’s just so much more that the Church and the ******** and the people in charge can do.” Uncovering the abuse The 1984 letter from Archbishop Bernard Law was addressed to a bishop in Thailand. Mentioning the accusation of “child ************” it was written two months after the Boston court hearing, which had indeed concluded without scandal for the Church. Peter Kanchong – who was originally from Thailand – had been spared from formal criminal charges and given a year’s probation on the condition that he stayed away from the MacPherson family and underwent a course of psychological therapy. The Archbishop’s letter, however, noted that even the Church’s own psychological evaluation had determined that the accused priest was “not motivated and unresponsive to therapy” and should therefore be “forced to face the consequences of his actions” under both civil and Church law. But instead of acting on that advice, he implored the Thai bishop to immediately recall Peter Kanchong to his diocese in Thailand, mentioning for a second time the risk of “grave scandal” if he were to remain in the US. Although press reports from the time suggest the Church authorities in Thailand did agree to take him back, Peter Kanchong ignored the recall, finding work in the Boston area at a facility for adults with learning disabilities. In 2002, more than 18 years after Ms MacPherson’s father first called the police, the archbishop’s letter was made public. In a landmark ruling, it was one of thousands of pages of documents that a Boston court ordered the Catholic Church to release. Catholic Church A local newspaper, The Boston Globe, had, for the first time, begun to seriously challenge the institution’s power in the city, by placing the stories of victims on its front pages. Soon, hundreds had come forward and their lawyers were fighting in court to prise open decades of internal records relating to the ******* abuse of children. The Church had tried to argue that the First Amendment protection for freedom of religion entitled it to keep those files secret. The order to unseal them led to a watershed moment. Contacted at the time, Peter Kanchong denied the allegations. “Do you have evidence? Do you have witnesses?” he told the Boston Globe, who found him still living in the area. Ms MacPherson, however, was one of more than 500 victims who won an $85m civil case for the abuse they’d suffered at the hands of dozens of priests. The internal files showed that, time and again, Archbishop Law had dealt with his knowledge of abuse in the same way he’d attempted to deal with Peter Kanchong – by simply moving priests on to new parishes. After the settlement, and by then a Cardinal, Bernard Law resigned from his position in Boston and moved to Rome. For the survivors, the sense of Church impunity was further compounded when he was given the honour of a seven-year post as Archpriest of the Basilica di Santa Maria Maggiore, the same building where Pope Francis has now been buried. Getty Images Bernard Law died in Rome in 2017 Many Church insiders credit Francis with going further than his predecessors to address the issue of abuse. In 2019, he summoned more than a hundred bishops to Rome for a conference on the crisis. In the abuse of children, he told them, “We see the hand of evil.” The conference led to a revision of the Church law on “pontifical secrecy” allowing co-operation with the civil courts when required in cases of abuse. The change, however, doesn’t compel the disclosure of all information relating to child abuse, only its disclosure in specific cases when formally requested by a legitimate authority. Similarly, a new law requiring that allegations be referred up the internal Church hierarchy stops short of mandating referral to the police. Ms MacPherson’s lawyer, Mitchell Garabedian, a man portrayed in the Hollywood blockbuster Spotlight about the Boston abuse scandal, told me there are plenty of ways the Church continues to exercise secrecy. “We have to litigate in court to get documents, nothing really has changed,” he said. His 2002 legal victory may have been a defining moment, followed by an avalanche of such cases in dozens of countries, but he has no doubt that knowledge of wrongdoing remains hidden in churches around the world. “While he did some things, it’s not enough,” Ms MacPherson told me when I asked for her assessment of Pope Francis’ record on this issue. Getty Images Critics believe Pope Francis didn’t do enough to tackle the issue of child abuse She wants the Church to reveal everything it knows. “One of the biggest things is turning over predatory priests and the people who covered it up and holding them accountable in a regular court of law and not shielding them and hiding them any longer.” Watching the endless news of the Pope’s ******** and the preparations for the appointment of his successor has been painful for her. “It’s the abuse being celebrated, in a way,” she told me, “Because the cover-ups are still there, they’re shielded behind the ******** walls and their canon laws.” It is news coverage she’s found hard to escape because of her mother’s continuing faith in the Catholic Church. “It’s all I’ve heard on the news, and she is obsessed with watching this, and so I just get slammed and inundated with it.” Now 85-years-old, Peter Kanchong meanwhile has never been convicted of an offence. Nor has he been stripped of his priesthood, although he has been prevented from holding any formal position in the Boston Diocese. The Church’s own published list of accused clergy marks his case as “not yet resolved” with no final determination of guilt or innocence, noting simply that he is “AWOL” – absent without leave. “I’ve been trying for years to have him defrocked and that is because he can only be defrocked either where he was ordained, which was in Thailand, or by the ********,” Ms MacPherson said. She points out that the Church has gone to the trouble of changing the name of the parish where she was abused – in order, she believes, to try to start afresh after what took place there. The BBC asked the Boston Diocese for its views on Pope Francis’ legacy as well as for a response to claims that the Catholic Church maintains a culture of secrecy over its own internal records. We received no reply to those questions. We also asked whether the current archbishop could do anything to help victims seeking to remove a priest from the priesthood. We were referred to the ********. As the Catholic Church now sets about the business of electing a new pope, Ms MacPherson holds little hope for more comprehensive reform. “You say you want to move forward. You say you want to bring people back into the fold,” she said. “But you cannot possibly do any of that until you truly acknowledge those sins, and you hold those people accountable.” Source link #Abuse #victims #question #Pope #Francis #stop #predators Pelican News View the full article at [Hidden Content] For verified travel tips and real support, visit: [Hidden Content]

‘They have no reason not to pick him’: Valentine Holmes receives strong support to retain Qld spot as he eyes off Origin records ‘They have no reason not to pick him’: Valentine Holmes receives strong support to retain Qld spot as he eyes off Origin records Valentine Holmes is well aware that the Queensland jersey won’t just be handed straight back to him when the squad for the series opener is announced in less than two weeks, but his teammates say he’s done more than enough to retain his spot in the team as he eyes off a couple of State of Origin records. Holmes has been a regular in the Queensland team with 13 tries from 19 appearances to sit just five behind Greg Inglis’ all-time record 18 four-pointers. He’s also in third spot in terms of points scored in Origin, although he’s still 86 behind Johnathan Thurston, who played an extra 18 games for his state. But Holmes deserves the chance to add to his tally this year after a couple of outstanding performances for the Dragons, including a season-high 244m and a try against the Tigers at Magic Round. “It’s always a goal and I’m always up for selection,” he said, with Holmes the logical goalkicker and favourite to be left centre now that Melbourne’s Jack Howarth (shoulder) is unavailable. “I haven’t spoken to anyone yet. I’m just trying to keep my circle small and focus on the Dragons, the club and getting wins here. “The only way you can put your best foot forward is to play well, play consistently and get wins on the weekend. That’s when selectors start taking notice.” Holmes played the first two games of the 2024 series in the centres but shifted to the wing for the decider, which Queensland lost at home, with the electrifying outside back revealing why he hasn’t heard from anyone at the Maroons lately. “We have a catch-up at the start of pre-season and then he’ll (Slater) leave you alone,” Holmes explained. “But we’ve always known that it’s a jersey that you have to earn. It’s not something that’s given to you just because you played a few games the previous year. Camera IconThe Maroons are desperate to bounce back from last year’s series loss on home soil. Adam Head Credit: News Corp Australia “Any Queenslander who’s played under Billy knows you have to earn it, and that comes with the way you train, the way you play and the way you carry yourself. “I don’t think I’ve lost too many at Suncorp, especially a decider like that. It was disappointing. It was a great game of footy and very physical, but we didn’t get the win. “It would have been a nice three-peat, but the good thing about footy is that you get to play the next year, turn up and get to work.” Dragons teammate Corey Allan played one Origin game alongside Holmes in Queensland’s famous 2020 series victory and said it was a no-brainer for the strike centre to be picked again. “He’s been playing phenomenally well,” he said. “Our results don’t help, but he’s been killing it. The last however many years he’s been in Origin, he’s always turned up. They have no reason not to pick him. I’m sure with his form he’ll get picked anyway.” Holmes didn’t want to talk up his own form in his first year at the Dragons, but he’s relishing Dean Young’s defensive system and has formed a lethal combination on the left edge with Clint Gutherson. “It’s hard to talk about yourself as an individual when we’re not getting the team results,” he said after having a few defensive issues last year. “I feel like I’m probably in the same situation that I was in last year (at the Cowboys). We weren’t really winning too many games, but I was still playing all right. “I’ll leave it up to you guys to judge that.” Source link #reason #pick #Valentine #Holmes #receives #strong #support #retain #Qld #spot #eyes #Origin #records Pelican News View the full article at [Hidden Content]

Kratos Close To “A Couple” Final Versions Of XQ-58 Valkyrie For The Marines Kratos Close To “A Couple” Final Versions Of XQ-58 Valkyrie For The Marines Kratos’ XQ-58 Valkyrie continues to rapidly evolve, with the company being close to final configurations of the drone for the USMC, which has been testing it extensively. This comes as the USAF also now appears to be looking for less expensive designs for the second increment of its Collaborative Combat Aircraft (CCA) program. Kratos has historically focused on lower-cost designs that can be manufactured quickly, which they hope will put them in a good position for breaking their way into the Air Force’s high-stakes CCA program. Currently, Anduril and General Atomics are providing aircraft for CCA’s Increment One. TWZ talked with Kratos Defense President of Unmanned Systems Division, Steve Fendley, about Valkyrie developments, as well as some of the company’s other combat drone programs, on the show floor of the annual Modern Day Marine conference in Washington, D.C., last week. “So we’re obviously, we’ve been doing a lot of development work for the Marines, a lot of integration of mission systems, a lot of ground and flight test of those mission systems,” Fendley said. “And that’s that’s continued to where we’re, we’re pretty close to having a couple final versions of the aircraft.” A U.S. Marine Corps XQ-58A Valkyrie, highly autonomous, low-cost tactical unmanned air vehicle, conducts its second test flight with two U.S. Air Force F-35A Lightning II aircraft assigned to 33rd Fighter Wing, 96th Test Wing at Eglin Air Force Base, Fla., Feb. 23, 2023. (U.S. Air Force photo by Master Sgt. John McRell) Communication Directorate Fendley continued, “So we’ve been working PAACK-P [Penetrating Affordable Autonomous Collaborative Killer program] for a number of years, and like I say, we’ve got a couple mission configurations of the system that we’ve developed for that, for the Marines, for that purpose. And those exist. You know, those exist today. We’re obviously producing the aircraft in Oklahoma City on a regular basis. So we’re basically teed up to be able to accept a more substantial production-type order.” It’s unclear what the two variants will be, but we do know Kratos has previously said it was working on at least five XQ-58 variants, including one that was optimized for electronic attack. The Marines have been testing XQ-58s with precursor electronic warfare payloads. This will likely result in an electronic warfare variant that you can read about here. The ability to conduct kinetic strikes would also be high on the list, but we cannot say for sure if that will be one of the two mission configurations. There is also the shadowy XQ-58B designation, and the exact configuration it represents remains unclear. When asked about the B model, Fendley would not address it directly. For the USMC, the XQ-58 makes a lot of sense, especially for its ability to be launched and recovered from very austere locations that do not feature a runway. The base model Valkyrie launches via rocket booster from a rail system and is recovered via parachute. Now the company has put forward two new capabilities that will allow the XQ-58 to be launched from traditional runways. One is a wheeled launch trolley that can put a standard XQ-58 into the air via a runway, but the aircraft will still recover via parachute. The other and newest adaptation of the Valkyrie sees it gaining landing gear, so it can operate like a normal aircraft from a fixed runway. This has certain benefits, including enhanced sortie rates, but it also has drawbacks. Fendley says the landing gear model will sacrifice payload bay capacity for its landing gear, with the ability to carry two Small Diameter Bombs (SDB) internally instead of four on the rocket and trolley-launched models. It can still be rocket-launched, though, as it has the same gross weight as the standard version. This also opens the possibility for rocket-launched, but runway-recovered operations. Regardless, being able to more seamlessly operate alongside its manned counterparts where runways are available is a huge plus for the Valkyrie family and opens the door larger for a possible USAF CCA contract win in the future. The landing gear-equipped version of the Valkyrie is slated to make its first flight this year. The trolley-launched configuration was first demonstrated last year. “We’re continuing to work with the Air Force evolving different versions of the Valkyrie, and of course, not necessarily related to Valkyrie, but the Air Force’s CCA program is obviously well underway, and we’re obviously still very, very interested in that,” Fendley said. “Can’t talk much about that, of course, that’s classified, but very high level of interest from the company on that program. I think you’ve probably heard recently that there’s probably going to be a focus there on a lower-cost system. And you know, of course, we’re optimized [for that]. That’s been our focus the whole time – ‘how do we optimize performance per cost?’ … Yeah, we’re very interested in pursuing it… we are aggressively pursuing interest in that program.” Fendley elaborated further on how the company, which is best known for its target drones, has deep roots in balancing cost against finite requirements: “I would say the Kratos’ approach to developing systems in the first place, which is we always… pick a cost target, and then we’ll allocate that cost target across the subsystems that make up a system. And as the designers and developers are going through developing it, they keep closing a loop on that cost, so when they come up with something and say, ‘oops, this is 10% more than our cost target,’ well, we throw it out and say, ‘no, refine it. We’ve got to get to this cost.’ So it’s specifically designed to meet a certain cost level. And that’s really our major discriminator against the traditional primes.” Kratos is most known for its line of disposable/semi-disposable target drones. This unique lineage drives its philosophy of focusing on cost and combat mass potential. (USAF) We also asked if Kratos put forward a proposed aircraft for CCA increment one. Here what Fendley said: “It’s a complicated question because of the stages that occurred on that, the development of that program. There are multiple configurations of CCA-type aircraft that Kratos has… We’ve made those known. However, the specific public requirements for Increment One vary a little bit from the traditional Kratos approach, which is more cost optimized… It’s a more exquisite type approach than we traditionally take.” Finally, we also got an update on Thanatos, the company’s stealthy drone that remains largely shrouded in secrecy from Fendley, who said: “Thanatos is progressing well. There’s some international interest in it, too. We don’t have approval yet to do any kind of export, but we may get that… I can’t give specific details on the aircraft or the specific customers, but it’s progressing well, and it’s a unique capability, but again, tied to the high performance per cost ratio.” The initial flight testing of the shadowy Thanatos was completed late last year, and similar testing of a fully mission-configured aircraft is now quickly approaching, Fendley continued. “So treat this as the basic aircraft, the non-fully-mission aircraft was effectively completed late last year and looked very good. And as we’re moving forward, it’s more integration of mission systems and integration of autonomy elements.” Fendley said testing of this more production representative craft would begin in the third or fourth quarter of this year. Howard Altman contributed to this story. Contact the editor: *****@*****.tld Source link #Kratos #Close #Couple #Final #Versions #XQ58 #Valkyrie #Marines Pelican News View the full article at [Hidden Content] For verified travel tips and real support, visit: [Hidden Content]

Knicks erase 20-point deficit with furious rally to stun Celtics in Game 1 overtime thriller – New York Post Knicks erase 20-point deficit with furious rally to stun Celtics in Game 1 overtime thriller – New York Post Knicks erase 20-point deficit with furious rally to stun Celtics in Game 1 overtime thriller New York PostKnicks 108-105 Celtics (May 5, 2025) Final Score ESPNKnicks vs. Celtics Game 1: 12 wild stats from New York’s stunning comeback in NBA playoffs USA TodayCeltics vs. Knicks odds, schedule, game times: Boston still favored to win series despite Game 1 loss CBS SportsJayson Tatum, Celtics set record for missed 3-pointers in Game 1 loss to Knicks: Takeaways Boston.com Source link #Knicks #erase #20point #deficit #furious #rally #stun #Celtics #Game #overtime #thriller #York #Post Pelican News View the full article at [Hidden Content]

Why Sharks centre Iro wants to be known by new name Why Sharks centre Iro wants to be known by new name The Cronulla player formerly known as Kayal Iro has explained his decision to change his first name midway through the NRL season. Iro made a tryscoring return from a hamstring injury in the Sharks’ Magic Round win over Parramatta last Friday sporting a new name on Cronulla’s teamlist. The 25-year-old has now requested he be referred to as ‘KL Iro’. The centre is named after his father Kevin Leslie Iro, who enjoyed a decorated career in England and represented New Zealand with distinction. The left centre’s official documents will still read ‘Kayal’, but the Sharks flyer said he made the switch to ‘KL’ to avoid any doubt as to how his name should be pronounced. “Mum didn’t want it to be a two-letter name when I was a kid,” Iro said. “She’s the one that changed it to ‘Kayal’, I think it was just foreign back then to have a two-letter name. “But my dad always wanted it to be ‘KL’ and I like it that way too because it’s easier to pronounce and there’s no confusion. “When I first moved to Australia, my dad wanted me to change it, but I’ve always been a shy guy. I was too scared to step on anyone’s toes. “I guess I’ve built a bit of a relationship with these fellas now, so I asked the question and got it done pretty quick.” Iro said the same applied to his surname, which was often mispronounced by commentators when his father and uncle Tony were playing. “Even my dad and uncle when they were playing, the Pommies would pronounce it ‘aye-ro’, rather than ‘ear-ro’,” Iro added. “He didn’t care, he loved it but it’s pretty cool to hear a commentator saying our family name.” Iro was born in England while his father was playing for Leeds but spent most of his childhood growing up in the Cook Islands. While he hinted he would be open to facing the Kangaroos in the end-of-season Ashes series, he has other ambitions on his horizon. “I wouldn’t say no but my first thing is getting the Cook Islands qualified for the World Cup next year,” he said. “After my career I want to move back there, relax, and live off the land.” Iro and the sixth-placed Sharks (5-4) will face one of the most daunting challenges of their season to date when they travel to take on Manly (4-4) at Brookvale Oval on Sunday. “They’ve got a strong right edge and also (Tom) Trbojevic at the back,” Iro said. “He (Trboejvic) is a strike weapon in attack and things happen around him we’ve got to be aware of him.” Source link #Sharks #centre #Iro Pelican News View the full article at [Hidden Content] For verified travel tips and real support, visit: [Hidden Content]

Motorola Razr 60 Ultra With Snapdragon 8 Elite Chip, Moto AI Suite Confirmed to Launch in India Soon Motorola Razr 60 Ultra With Snapdragon 8 Elite Chip, Moto AI Suite Confirmed to Launch in India Soon Motorola Razr 60 Ultra could be launched in India soon. The Lenovo-owned brand has teased the arrival of the Razr 60 Ultra in India via a social media post. The clamshell-style foldable phone was launched in the global markets on April 24 as the successor to the Razr 50 Ultra and comes with the flagship Snapdragon 8 Elite chipset, 50-megapixel dual rear cameras, and support for artificial intelligence (AI) features. The Indian variant of the handset is also confirmed to offer similar internals. Motorola Razr 60 Ultra India Launch Motorola teased the upcoming launch of the Razr 60 Ultra in a post on X (formerly Twitter) Sunday. The post says the phone will offer a combination of “performance, design, and innovation”. A dedicated microsite catering to the phone’s launch has been created on Amazon, which claims the Motorola Razr 60 Ultra to be the “world’s most powerful AI flip phone”. The page also confirms that the clamshell-style foldable phone will be powered by the Snapdragon 8 Elite chipset which will deliver “industry leading AI performance”. It is said to come with moto AI — the company’s in-house AI suite — which recently received new features like Next Move, Playlist Studio, Image Studio, and Look and Talk. Motorola has teased that the Razr 60 Ultra could be available in red, green, and wood-themed colourways and these could be Pantone-validated options, in line with the Razr 60 Ultra’s global variant which is offered in Pantone Rio Red, Pantone Scarab, Pantone Mountain Trail, and Pantone Cabaret colour options. The phone is expected to have similar specifications as its global counterpart. More details are likely to surface as the Motorola Razr 60 Ultra launch nears. Motorola Razr 60 Ultra Specifications (Global Variant) The Motorola Razr 60 Ultra sports a 7-inch 1.5K (1,224 x 2,992 pixels) pOLED LTPO inner display with 165Hz refresh rate and 4,000 nits peak brightness. It also features a 4-inch (1,272 x 1,080 pixels) pOLED LTPO cover screen with 165Hz refresh rate and 3,000 nits peak brightness. It is protected by Corning Gorilla Glass Ceramic. The phone is powered by the flagship Snapdragon 8 Elite processor, paired with up to 16GB of LPDDR5X RAM and up to 512GB of UFS 4.1 storage. It runs on Android 15-based Hello UI. For optics, the Motorola Razr 60 Ultra comes equipped with a dual rear camera unit, comprising a 50-megapixel primary camera with an f/1.8 aperture and optical image stabilisation (OIS), and a 50-megapixel ultra-wide angle lens with an f/2.0 aperture. The phone also gets a 50-megapixel front camera with f/2.0 aperture on the inner screen for selfies and video calls. It packs a 4,700mAh battery with support for 68W TurboPower fast charging and 30W wireless charging. Affiliate links may be automatically generated – see our ethics statement for details. Source link #Motorola #Razr #Ultra #Snapdragon #Elite #Chip #Moto #Suite #Confirmed #Launch #India Pelican News View the full article at [Hidden Content]

A GOP rep was awarded a Bronze Star for his bravery in Iraq. Those he reportedly saved can’t remember him being there A GOP rep was awarded a Bronze Star for his bravery in Iraq. Those he reportedly saved can’t remember him being there Representative Cory Mills, a MAGA Republican from Florida, was awarded a Bronze Star for his heroism in Iraq in 2003 — but those he allegedly saved don’t remember him being there, a new report reveals. Mills was honored after he administered “life-saving care” to fellow soldiers Joe Heit and Alan Babin at “great risk to his own life” while under “intense enemy fire” in Iraq, NOTUS reports, citing the document recommending Mills receive the award. Mills enlisted in the Army in July 1999 at 19 years old and was honorably discharged in August 2003. But Heit told NOTUS that Mills “didn’t save” his life, and that he didn’t even suffer life-threatening injuries. “I don’t recall him being there either,” he added. Henry Barbe, a medic who flew in via helicopter to help evacuate Babin, also told NOTUS he doesn’t remember Mills being there. “From what I understand about Mills is he might have been in the unit. I don’t remember him being involved in the medevac,” Barbe said. “To be fair, I was worried about the patients. I don’t remember him, and from what I understand, other people don’t remember him.” Representative Cory Mills earned his Bronze Star for reportedly saving his fellow soldiers in Iraq, but those present say they don’t remember the lawmaker being there (Getty Images) Chris Painter, the platoon sergeant, said he can “pretty much confirm 100% Cory Mills was not up at the bridges at the location of everything.” “Now, if he came to the company position to assist in escorting Babin to the BN aid station, I don’t know…but he wasn’t at the bridge [where] it all happened I do know that,” Painter told NOTUS. Army documents recommending Mills for the award also state he saved Joe Ferrand, a sergeant who had been “grabbed by an enemy insurgent” in a separate incident, according to NOTUS. But Ferrand previously claimed Mills’ involvement in the incident was a “fabrication” and said that the act “never took place,” in a written statement to government officials. In response to these claims, Mills told NOTUS that “no soldier writes their own DA Form 638,” referring to the document used to recommend soldiers for awards. “It is a recommendation for award and soldiers cannot recommend themselves,” Mills said. “The form must be reviewed and signed by commanding officers.” Mills also conceded that it was “true” that Heit “did not have life-threatening injuries” and attributed the discrepancies to how chaotic the day was. “I was on the ground,” Mills said. “It was a chaotic day and understandable that others may have different recollections of events.” Representative Cory Mills speaks outside of President Donald Trump’s hush money trial last year (Getty Images) The questions around his Bronze Star have been relayed to the Office of Congressional Ethics, Department of Justice, a U.S. attorney’s office in Florida and the FBI, the source told NOTUS. This isn’t the first time Mills’s military accomplishments have been questioned. Last year, Mills’s Republican challenger Michael Johnson handed out flyers accusing him of lying about his military service and committing stolen valor, The Daytona Beach News-Journal reports. Mills denied the claims at the time. “I’m tired of the slander and the defamation,” Mills told the News-Journal. “I ran for office to be able to serve the American people, not to defend something I did 20 years ago over and over and over.” Mills was elected to Congress in 2022 and has since proven a staunch supporter of President Donald Trump. Mills even attended his hush money trial last summer alongside fellow lawmakers including Speaker of the House Mike Johnson and Representative Byron Donalds. The Republican lawmaker also made headlines February after his romantic partner Sarah Raviani filed a police report claiming she had been assaulted by Mills at his Washington, D.C. apartment. “(Her significant other for over a year) grabbed her, shoved her, and pushed her out of the door,” the police report obtained by NBC Washington states. Raviani, a cofounder of the group Iranians for Trump, then allowed police to listen in on a phone call between her and the congressman in which he allegedly instructed her to “lie about the origin of her bruises.” Mills “vehemently denies any wrongdoing whatsoever.” The Independent has contacted Mills’s office for comment. Source link #GOP #rep #awarded #Bronze #Star #bravery #Iraq #reportedly #saved #remember Pelican News View the full article at [Hidden Content]

If You Invested $10K In Super Micro Computer Stock 10 Years Ago, How Much Would You Have Now? If You Invested $10K In Super Micro Computer Stock 10 Years Ago, How Much Would You Have Now? Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Super Micro Computer Inc. (NASDAQ:SMCI) develops and sells high performance server and storage solutions based on modular and open architecture globally. The company’s stock traded at approximately $2.93 per share 10 years ago. If you had invested $10,000, you could have bought roughly 3,413 shares. Currently, shares trade at $32.59, meaning your investment’s value could have grown to $111,229 from stock price appreciation. That’s a total return of 1,012.29%, far outpacing the S&P 500’s return of 220.10% over the same *******. Don’t Miss: Super Micro Computer has a consensus rating of “Neutral” and a price target of $323.65 based on the ratings of 19 analysts. The price target implies more than 892% potential upside from the current stock price. On Feb. 25, the company announced its Q2 2025 earnings, posting EPS of $0.54, down from $0.55 in the prior-year *******, as reported by Benzinga. On April 29, the company lowered its Q3 adjusted EPS guidance from the range of $0.46 to $0.62 to $0.29 to $0.31. Consensus estimates stood at $0.54. Check out this article by Benzinga for 12 analysts’ insights on Super Micro Computer. Given the historical stock price appreciation and expected upside potential, growth-focused investors may find Super Micro Computer stock attractive. Read Next: Image: Shutterstock Send To MSN: 0 This article If You Invested $10K In Super Micro Computer Stock 10 Years Ago, How Much Would You Have Now? originally appeared on Benzinga.com Source link #Invested #10K #Super #Micro #Computer #Stock #Years Pelican News View the full article at [Hidden Content] For verified travel tips and real support, visit: [Hidden Content]

Kim Kardashian's Leather Dress Plunges All the Way Down to Her Butt at the 2025 Met Gala – instyle.com Kim Kardashian's Leather Dress Plunges All the Way Down to Her Butt at the 2025 Met Gala – instyle.com Kim Kardashian’s Leather Dress Plunges All the Way Down to Her Butt at the 2025 Met Gala instyle.comView Full Coverage on Google News Source link #Kim #Kardashian039s #Leather #Dress #Plunges #Butt #Met #Gala #instyle.com Pelican News View the full article at [Hidden Content]

2026 Kia Carnival Hybrid now more than $20,000 cheaper 2026 Kia Carnival Hybrid now more than $20,000 cheaper The admission price for Kia’s electrified people mover range is now much lower with the addition of two new entry variants. Source link #Kia #Carnival #Hybrid #cheaper Pelican News View the full article at [Hidden Content]

Asian shares are mostly higher after Wall St breaks its winning streak Asian shares are mostly higher after Wall St breaks its winning streak Shares were mostly higher early Tuesday in Asia after benchmarks fell on Wall Street, snapping a nine-day winning streak. Oil prices bounced back slightly from a 4-year low and U.S. stock futures slipped. A monthly survey measuring future activity in China’s services sector fell to its lowest level ever, excluding the pandemic, in a further sign the escalation of U.S. President Donald Trump’s trade war is hitting the world’s second-largest economy. A drastic increase in tariffs on U.S. imports of ******** products, to 145%, has caused a sharp drop in shipping and other logistics. “Overall optimism among ******** firms weakened to the lowest level since this series began in April 2012, resulting in further job cuts in April,” said the report by Caixin, a financial media group. Still, ******** markets advanced after reopening from “Golden Week” holidays. The Shanghai Composite index added 0.7% to 3,302.83, while the Hang Seng in Hong Kong was up 0.4% at 22,599.32. Taiwan’s Taiex edged 0.2% higher. In Australia, the S&P/ASX 200 rose 0.2% to 8,144.20. U.S. benchmark crude oil picked up 74 cents to $57.87 per barrel, while Brent crude, the international standard, also added 74 cents, $60.97 per barrel. The OPEC+ group of eight oil producing nations announced over the weekend that it will raise its output by 411,000 barrels per day as of June 1. The expected increase caused U.S. crude prices to dip as much as 4% on Monday. Many producers can no longer turn a profit once oil falls below $60. Prices are down sharply for the year over worries about an economic slowdown. The S&P 500 fell 0.6% to 5,650.38 on Monday, ending its longest winning streak since 2004. The Dow Jones Industrial Average declined 0.2% to 41,218.83. The Nasdaq composite shed 0.7% to 17,844.24. Technology companies and other big stocks were among the heaviest weights on the market. Apple slumped 3.1%, while Amazon fell 1.9% and Tesla slipped 2.4%. Berkshire Hathaway fell 5.1% after legendary investor Warren Buffett announced he would step down as its CEO by the end of the year after six decades at the helm. Buffett will still be its board chairman. Markets have been absorbing the shock of tariffs and the growing trade war. A three-month delay in many of the severest tariffs that were supposed to take effect in April, excluding China, has provided some relief to Wall Street, but uncertainty about the impact from current and future tariffs remains. Concerns about inflation reigniting also have deepened. Such issues will overshadow the Federal Reserve’s meeting on Wednesday, when it is expected to hold its benchmark interest rate steady. The Fed cut the rate three times in 2024 before taking a breather to watch what happens with inflation, which has been hovering just above the Fed’s target rate of 2%. While still resilient, the U.S. economy has shown some signs of strain from tariffs and the lack of clarity about how Trump’s policies will evolve. The U.S. economy shrank 0.3% in the first quarter, the first drop in three years. Ford Motor Co. said Monday it expects to take a $1.5 billion hit to its operating profit from tariffs this year. Its shares fell 2.5% in after hours trading. Tariffs have been imposed, only to be pulled or delayed, sometimes on a daily basis. The on-again-off-again approach has left businesses, households and economists at a loss in trying to forecast where the economy might be headed and planning accordingly. The latest salvo in the trade war from Trump came Sunday night in a post on his Truth Social platform. He said he has authorized a 100% tariff on movies that are produced outside of the U.S. The impact is unclear, as it is common for films to include production at multiple locations around the world. Netflix slumped 1.9% and Warner Bros. Discovery fell 2%. Shoemakers posted gains following the announcement that Skechers is being acquired for $9 billion and taken private by the investment firm by 3G Capital. Skechers jumped 24.3%. Treasury yields rose. The yield on the 10-year Treasury rose to 4.35% from 4.31% late Friday. ___ AP Business writers Damian Troise and Matt Ott contributed to this story. Source link #Asian #shares #higher #Wall #breaks #winning #streak Pelican News View the full article at [Hidden Content]

Ravens make ‘football decision’ to cut star kicker Tucker amid ******* misconduct claims – The Guardian Ravens make ‘football decision’ to cut star kicker Tucker amid ******* misconduct claims – The Guardian Ravens make ‘football decision’ to cut star kicker Tucker amid ******* misconduct claims The GuardianBaltimore Ravens release veteran kicker Justin Tucker, calling it a ‘football decision’ CNNJohn Harbaugh: Ravens’ decision on kicker will be ‘based on football’ NFL.comRavens release kicker Justin Tucker, who was accused of ******* misconduct by 16 women Yahoo SportsRavens made a “football decision” (wink, nod) about Justin Tucker NBC Sports Source link #Ravens #football #decision #cut #star #kicker #Tucker #******* #misconduct #claims #Guardian Pelican News View the full article at [Hidden Content]

RBA rate cut ‘more likely’ as household spending drops 0.3pc in March RBA rate cut ‘more likely’ as household spending drops 0.3pc in March Australia’s household spending has snapped a five-month winning streak as the impact of cyclone Alfred on the east coast disrupts the splurge, giving the Reserve Bank another reason to cut rates at its May meeting. The 0.3 per cent fall in household spending to $75.5 billion in March underwhelmed economist expectations for a rise of 0.2 per cent, and marked the first decline after five-consecutive months of growth. Compared with last March, household spending is up 3.5 per cent. The RBA has previously anticipated household consumption to be one of the drivers of growth this year, with consumer confidence rising, a resilient labour market and consumer purchasing power improving thanks to milder inflation. But AMP economist My Bui said Tuesday’s data from the *********** Bureau of Statistics, along with last week’s tepid retail sales figures, pointed to some stagnation in the consumer sector. She added it was likely the recovery in spending would be very gradual as households are still impacted by high prices. “(Tuesday’s) data makes it more likely for the RBA to resume its cutting cycle in May and potentially adds to the argument for more rate cuts later this year,” Ms Bui said. “The RBA will take note of the sluggish momentum in household spending and significant downside risks to global demand for our exports as rationales for the 25 basis-point cut.” The RBA board next meets on May 19-20. Queensland posted the biggest drop in spending in March, down 1.3 per cent as cyclone Alfred impacted parts of the State. Spending on transport and health were especially affected, falling 3.9 per cent and 3.3 per cent, respectively. But food spending in Queensland rose 2.9 per cent as consumers stockpiled before the cyclone made landfall. Elsewhere, spending fell in NSW and South Australia (both down 0.3 per cent), but lifted in the ACT (up 0.6 per cent), Victoria (up 0.4 per cent) and WA (up 0.2 per cent). The bureau’s household spending indicator uses card transaction data and covers a broad range of consumer goods and services. It is supposedly a better guide to the household final consumption component of the GDP. In volume terms, the indicator was flat throughout the March quarter, consistent with unchanged retail sales volume in the same *******. Ms Bui said this meant the recovery in consumption had stalled after late 2024, signalling continued restraints from households despite falling inflation and positive real wages. ANZ economists Aaron Luk and Adelaide Timbrell said household spending growth had waned after some signs of momentum in the second half of 2025, supported by tax cuts and income growth. “Global trade uncertainty is further clouding the near-term outlook and impacting consumer sentiment,” they said. Source link #RBA #rate #cut #household #spending #drops #0.3pc #March Pelican News View the full article at [Hidden Content]

13-year-old San Jose boy accepted to more than 100 colleges 13-year-old San Jose boy accepted to more than 100 colleges SAN JOSE, Calif. – At just 13 years old, Sunny Nguyen of San Jose might be close to achieving a world record as one of the youngest people to get accepted into the most colleges. “My parents told me about going to college and I agreed with it and I’m here now,” he told KTVU in a recent interview. His father, Tommy Nguyen, said Sunny was the first of his five children, and he’s always been special. “He really liked math,” his father said. “He studied math everywhere he went. He could see math in everything, everywhere.” His dad said that he believes his son will be able to do whatever he wants in life. The teen has always loved technology – making websites and studying subjects like software engineering and artificial intelligence at home. Like most teens, Sunny also said he likes to “play a lot of video games.” He also has a YouTube page booming with nearly 60,000 subscribers. So when public school and home-education weren’t cutting it, Tommy Nguyen tarted submitting applications for his son. “To our surprise, people just welcomed him like crazy, like letters kept flying into our home about admission and admittance and scholarships,” he said. Some of those schools include UC Berkeley and UC San Diego, along with a bunch of California state universities. Sunny is especially interested in AI and hopes to use it to create something that will help people live longer. “I think the most exciting part is seeing what’s going to happen next,” Sunny said. Tommy Nguyen said his son has been awarded more than $3 million in scholarships. “Every school is giving him something,” his dad said. “Some schools are giving him over $100,000 in scholarships.” Wherever Sunny decides to go, he plans to major in computer science and change the world. Source link #13yearold #San #Jose #boy #accepted #colleges Pelican News View the full article at [Hidden Content]

Trump called for 100% tariff on foreign films a day after Jon Voight proposed ‘limited’ tariffs – The Guardian Trump called for 100% tariff on foreign films a day after Jon Voight proposed ‘limited’ tariffs – The Guardian Trump called for 100% tariff on foreign films a day after Jon Voight proposed ‘limited’ tariffs The GuardianHollywood is shaken by Trump’s tariff plan for the movie industry CNNCan Trump Make Hollywood Great Again? Sky NewsTrump, Jon Voight meeting led to Hollywood tariff proposal, his manager says CNBCTrump’s Planned Hollywood Tariff Rattles Studios and Streamers WSJ Source link #Trump #called #tariff #foreign #films #day #Jon #Voight #proposed #limited #tariffs #Guardian Pelican News View the full article at [Hidden Content]

RAC moves at last to modernise corporate governance with big changes to governing body RAC moves at last to modernise corporate governance with big changes to governing body The WA motoring mutual said the reforms proposed for its unwieldy member-elected WA council were aimed at aligning the century-old group with “contemporary good governance practices”. Source link #RAC #moves #modernise #corporate #governance #big #governing #body Pelican News View the full article at [Hidden Content]

Head-on, wrong way ****** closes NB I-71-75 on Brent Spence Bridge for hours Head-on, wrong way ****** closes NB I-71-75 on Brent Spence Bridge for hours Covington police confirm they are looking into whether impairment is a factor in a wrong-way, head-on ****** that closed northbound Interstate 71/75 for hours on the Brent Spence Bridge early Monday. All Northbound I-71/75 lanes are open again on the Brent Spence Bridge after a wrong-way, head-on ****** closed it for hours overnight, according to Kenton County dispatchers. “We are still working to determine the cause of the accident, and we don’t know yet if alcohol or drugs were a factor,” Covington Police Spokesman Lt. Justini Bradbury tells FOX19 NOW. The driver of a southbound vehicle in the northbound lanes hit a northbound vehicle head-on at 12:15 a.m. Monday, he confirms. All Northbound I-71/75 lanes are open again on the Brent Spence Bridge after a serious ****** closed it for hours overnight, according to Kenton County dispatchers. All lanes were closed until about 4:30 a.m. Both drivers were taken to the University of Cincinnati Medical Center. The wrong-way driver is listed in critical condition, according to Lt. Bradbury. The northbound driver is being treated for non-life-threatening injuries, he added. Both vehicles were occupied by only one driver, according to Lt. Bradbury. This report was provided by Enquirer media partner FOX19. This story has been updated to add video. This article originally appeared on Cincinnati Enquirer: ****** closes NB I-71-75 on Brent Spence Bridge for hours Source link #Headon #wrong #****** #closes #I7175 #Brent #Spence #Bridge #hours Pelican News View the full article at [Hidden Content]