Denver Grainger-Barras: Carlton Blues snub West *********** defender, sign small forward to third club
Denver Grainger-Barras: Carlton Blues snub West *********** defender, sign small forward to third club
A former top-10 pick back in 2020, West *********** Denver Grainger-Barras is almost certain to be left without an AFL club this season.
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#Denver #GraingerBarras #Carlton #Blues #snub #West #*********** #defender #sign #small #club
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Empowering Creators and Players With Muse, a Generative AI Model for Gameplay
Empowering Creators and Players With Muse, a Generative AI Model for Gameplay
“Introducing Muse, a new kind of generative AI model that lets you play and create. From developer ideation to one day supporting game preservation, Muse holds potential to unlock new possibilities.” so says Microsoft
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#Empowering #Creators #Players #Muse #Generative #Model #Gameplay
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New Horizons probe gearing up for epic crossing of ‘termination shock’
New Horizons probe gearing up for epic crossing of ‘termination shock’
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This high-resolution image captured by NASA’s New Horizons spacecraft combines blue, red and infrared images to show a bright expanse on Pluto known as Sputnik Planum, which has been found to be rich in nitrogen, carbon monoxide and methane ices. | Credit: NASA/Johns Hopkins University Applied Physics Laboratory/Southwest Research Institute
NASA’s New Horizons spacecraft conducted the first and only flyby of the Pluto system, culminating at the closest approach of that distant world in July 2015.
Sailing onward, the probe carried out a Jan. 1, 2019 flyby of Arrokoth, a Kuiper Belt Object, or KBO, located in a region of space beyond Neptune called the Kuiper Belt. There are scads of other icy worlds residing in the Kuiper Belt, celestial leftovers from the formation of our solar system.
For New Horizons, the gathering of more exploration science is, pun intended, on the horizon.
This composite image of the primordial Kuiper Belt object Arrokoth was compiled from data obtained by NASA’s New Horizons spacecraft as it flew by the object on Jan. 1, 2019. The image combines enhanced color data (close to what the human eye would see) with detailed high-resolution panchromatic pictures. | Credit: NASA/Johns Hopkins University Applied Physics Laboratory/Southwest Research Institute//Roman Tkachenko
Invaluable observations
Late last year, a study by the U.S. National Academies titled “The Next Decade of Discovery in Solar and Space Physics: Exploring and Safeguarding Humanity’s Home in Space” observed that “key challenges are to keep receiving the invaluable observations from the New Horizons and Voyager spacecraft, which are the only means to gain firsthand knowledge of the environment in the outer heliosphere and outside the heliospheric bubble.”
Related: New Horizons: Exploring Pluto and beyond
That report also noted that “moving outward, the boundary of the solar system where the sun’s influence wanes and is replaced by the interstellar environment, there is much to be discovered.”
The heliospheric decadal report is important for several reasons, said New Horizons Principal Investigator Alan Stern of the Southwest Research Institute in Boulder, Colorado.”It’s a completely independent validation by the community about how important and unique the New Horizons science is to that field,” he told Space.com.
New Horizons is gearing up to cross the sun’s “termination shock,” Stern said, where the subsonic solar wind slows down and becomes subsonic as it rams into the interstellar medium.
Related: New Horizons Pluto probe notches 3 new discoveries in outer solar system
Guessing game
Though New Horizons is now in hibernation mode, the spacecraft is still collecting heliophysics data around the clock, Stern said, squirreling that data into onboard solid state memory — basically a big flash drive.
“We went into hibernation mode on October 3 of last year. We exit that mode on April 2 of this year. When we wake up, we’ll transmit the backlogged New Horizons data down to NASA’s Deep Space Network,” said Stern.
“But actual crossing of the termination shock, the timing is a guessing game. No one can fully predict that, but it could potentially be as early as 2027 … and we want to be on guard then so we don’t miss it,” Stern noted.
Meanwhile, New Horizons is in perfect health. “There’s nothing broken on the spacecraft and the seven instruments that it’s carrying,” he added. “They are working super-well, as well as when they were launched.”
Related: New Horizons Pluto probe notches 3 new discoveries in outer solar system
Diagram depicting the heliosphere, an enormous magnetic bubble in space carved out by the solar wind. | Credit: NASA/Walt Feimer
Fuel gauge reads low
But New Horizons is low on propellant. “And that just means we have to be miserly with that fuel. Any fuel we spend is not going to get us to a new flyby of a KBO, so it reduces the odds of a flyby,” said Stern.
Being tight on fuel means that Stern has adopted a new title to go along with principal investigator: “Fuel hoarder in chief.”
Regarding the spacecraft’s power and data transmission, the long-distance craft is good to go. Its nuclear power generating system will perhaps last into 2050, Stern advised.
So, could New Horizons perform a flyby of another far-flung KBO?
Possibly, if the mission gets some help from Earth-based observatories, particularly the soon-to-come online Vera C. Rubin Observatory. Rubin’s detection of KBOs along an attainable New Horizons flight path would “significantly raise the odds of getting a flyby,” Stern added. “But it’s a needle in the haystack search,” he added, “even using the world’s best tools.”
Related: Just how dark is the universe? NASA’s New Horizons probe gives us best estimate yet
Unanswered questions
Meanwhile, a New Horizons heliophysics team consisting of about a dozen scientists and engineers are intently focused on spacecraft measurements taken in the outer heliosphere, said Andrew Poppe of the Space Sciences Laboratory at the University of California, Berkeley. He is a co-investigator and heliophysics science lead on the New Horizons mission.
That team is gearing up for New Horizons’ crossing of the termination shock, one of the key outer boundaries between our heliosphere and interstellar space, Poppe told Space.com.
“Both Voyager spacecraft crossed this boundary and revealed a wealth of new physics,” he said. “However, due to certain limitations in the Voyager instrumentation, key questions regarding a population of ions known as ‘pickup ions’ were left unanswered.”
Poppe added that, since the Voyager measurements, it has become increasingly clear that these pickup ions may in fact dominate the transfer of energy and momentum across the termination shock.
New Horizons Principal Investigator Alan Stern, of the Southwest Research Institute. | Credit: NASA/Joel Kowsky
First-ever measurements
Fortunately, New Horizons carries key instrumentation — the Solar Wind Around Pluto (SWAP) and Pluto Energetic Particle Spectrometer Science Investigation (PEPSSI) — that will conduct the first-ever measurements of these critical pickup ions in the outer heliosphere and across the termination shock.
“With this in mind, the New Horizons heliophysics team has been planning out specific instrument observing modes, planning data downlink budgets (no easy feat from 60-plus astronomical units!), and engaging the broader outer heliospheric theoretical community to prepare for the groundbreaking measurements that New Horizons will return in the near future,” Poppe said.
Overall, the New Horizons team is humbled to follow in the footsteps of Voyager, said Poppe, “but extraordinarily excited to contribute first-of-a-kind measurements of the outer boundaries of the heliosphere we call ‘home.'”
Historic encounter
The crossing of the termination shock itself could be as short as 10 minutes, said Pontus Brandt, the New Horizons project scientist at the Johns Hopkins University Applied Physics Laboratory (APL) in Laurel, Maryland.
“But there will likely be multiple crossings as the shock moves back and forth over the spacecraft for multiple days and surely will be another historic encounter for New Horizons,” said Brandt.
“The data from the termination shock encounter will be a treasure trove for space physicists worldwide who are eager to understand how this vast boundary works,” Brandt told Space.com. “All these discoveries from pioneering missions like Voyager and New Horizons teach us how little we know about what lies beyond, and pave the way for a future dedicated Interstellar Probe mission,” he said.
Essence of exploration
Brandt underscored another possible New Horizons exploration bonus.
“I think we may have only seen the tip of the iceberg of the Kuiper Belt, which could be much more extended than we ever could imagine,” Brandt said.
“Dust hits measured by the spacecraft just keep being elevated, defying all our expectations of a ‘Kuiper Cliff.’ One must always give oneself the opportunity of discovery,” Brandt added, “the essence of exploration.”
In a few years, New Horizons could very well find itself in the midst of a new region of the Kuiper Belt, Brandt suggested. That would be “a historic opportunity for planetary science with important implications for understanding exoplanetary systems.”
RELATED STORIES:
— NASA images Uranus with epic team up of Hubble Telescope and New Horizons Pluto probe
— NASA celebrates New Horizons’ historic Pluto flyby in 2015 with awesome new videos
— Far beyond Pluto: What’s next for NASA’s New Horizons probe?
New surprises
As a “first responder” and record title holder of a spacecraft, New Horizons has already chalked up history-making observations as the first spacecraft to explore Pluto and its moons up close. Also, after a nine-year journey, the probe passed its second major science target, zipping by the KBO Arrokoth in 2019, the most distant object ever inspected up close.
New Horizons’ findings are taking center stage at an upcoming 10th anniversary of the Pluto flyby science meeting now being planned for this July at APL, which designed, built, and operates the New Horizons spacecraft and manages the mission for NASA.
“We’re pulling together everything that has been learned since the flyby of New Horizons. And not just from the spacecraft, but also from the Hubble Space Telescope, the James Webb Space Telescope, and from Earth-based observations, too,” Stern said. “So stand by. I’m betting on some new surprises!”
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#Horizons #probe #gearing #epic #crossing #termination #shock
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Mouthwashing coming to PS5, Xbox Series, and Switch in 2025; sales top 500,000
Mouthwashing coming to PS5, Xbox Series, and Switch in 2025; sales top 500,000
WTMG’s Kyle Nicol: “When I mentioned that Mouthwashing may be one of the weirdest things I’ve played in a while, I definitely did not meant it in a bad way. Its bizarrely unique structure pushes what would have otherwise been a bog standard horror title to a next level of unsettling. The plot is wild, the scares are effective, and the weird presentation just kept me on edge. It’s not perfect by any means, with the gameplay feeling bland and some attempts to mix things up falling flat, but I had a pretty good time with it. An easy recommendation for fans of dental hygiene and utterly unsettling psychological horror.”
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#Mouthwashing #coming #PS5 #Xbox #Series #Switch #sales #top
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Trump backs idea to send some DOGE savings to American citizens – The Associated Press
Trump backs idea to send some DOGE savings to American citizens – The Associated Press
Trump backs idea to send some DOGE savings to American citizens The Associated PressView Full Coverage on Google News
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#Trump #backs #idea #send #DOGE #savings #American #citizens #Press
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Wyloo Metals swoops in early on Yangibana rare earths mine in move hoped to plug funding gap
Wyloo Metals swoops in early on Yangibana rare earths mine in move hoped to plug funding gap
The Forrest family’s mining offshoot Wyloo Metals has called off a $220 million debt arrangement with Hastings Technology Metals in exchange for majority ownership of its half-built rare earths operation in the Gascoyne.
The pair revealed on Thursday they had locked in a non-binding joint venture deal originally set out in August 2022 that would ultimately grant Wyloo 60 per cent ownership of the Yangibana rare earths and nobium project.
The transaction goes a way in solving the $300-plus million Hastings needed to build the first and second stages of the rare earths mine and processing plant, and solidifies a push by Wyloo into the commodity used in magnets and defence.
It comes after Wyloo was forced to put its main asset — the Kambalda nickel mine — into care and maintenance in early 2024 as prices collapsed. It is also working to develop another nickel project in Canada.
Wyloo will own 60 per cent of the project, manage the joint venture and take over as operator, and Hastings will own the remaining 40 per cent and be entitled to the same share in revenue.
Crucially the pair will also share responsibility of finding cash to bankroll the next stage of the $474m rare earths mine and processing plant.
The rare earths hopeful was among companies caught up in a string of mining construction cost blowouts over the past three years. Costs to develop its flagship steadily crept up to the $1 billion mark, prompting the group to rethink the build process and timelines.
Provided shareholders agree to the deal at a vote in April, Hastings said partnering up with Wyloo will knock $126m off its funding obligations to the development.
Hastings will also sell 19.99 per cent of its stake in Neo Performance Materials, a *********-listed business with a rare earths magnet factory over in Estonia, to further offset the exchangeable notes instrument agreed to several years ago.
The notes were originally due to expire in October 2025.
Hastings’ executive chairman Charles Lew said the joint venture was the result of “ongoing, positive discussions” regarding the pair’s financial links and was a “mutually beneficial way to proceed with the development of Yangibana”.
“The early termination of the Wyloo Exchangeable Notes and bringing in a strong partner at this juncture where $226m has already been spent by Hastings as part of the Phase 1 and Phase 2 project development, will bring greater certainty to final funding and on more competitive terms.”
Wyloo chief executive Luca Giacovazzi said it was an exciting time to be a major partner in a multi-decade critical minerals project.
“Yangibana is one of the most advanced rare earths projects in Australia and will become a globally significant source of (neodymium and praseodymium), a critical component in the manufacture of permanent magnets, as well as a producer of niobium and other by-products critical to the energy transition,” he said.
“We look forward to working more closely with both Hastings and Neo across the mine to magnets supply chain as we expand our critical minerals portfolio.”
The agreement comes three months after Wyloo raised “solvency and governance concerns” regarding Hastings when it borrowed $5m from investing outfit Equator Capital, and claimed there had been a default event regarding the notes.
Wyloo eventually withdraw the notice, but said it would be looking to call in its ownership of the notes ahead of the October maturity date.
Hastings shares closed the day 16.1 per cent higher to 36¢.
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#Wyloo #Metals #swoops #early #Yangibana #rare #earths #move #hoped #plug #funding #gap
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Delta CEO says pilots on Toronto plane that crashed were experienced
Delta CEO says pilots on Toronto plane that crashed were experienced
By David Shepardson
(Reuters) -Delta Air Lines CEO Ed Bastian said on Wednesday the pilots of the regional jet that flipped upside down upon landing in Toronto this week were experienced and familiar with flying in wintry conditions.
“There is one level of safety at Delta,” Bastian told “CBS Mornings” in an interview. “All these pilots train for these conditions.”
On Monday, the day of the ******, Toronto Pearson Airport was dealing with high winds and frigid temperatures as airlines attempted to rebound after a major weekend snowstorm.
Bastian called video of the accident, which injured 21 of the 80 people on board, “horrifying” but praised the actions of the flight crew to quickly evacuate the airplane.
“This is what we train for,” Bastian said. “We train for this continuously.”
Delta said on Wednesday only one of the 21 passengers remains hospitalized. All of the injured are expected to survive.
The plane was removed from its runway location on Wednesday evening, Delta said.
The airline said it was offering $30,000 goodwill payments to all passengers that would not impact their legal rights, including their ability to sue the carrier.
Transportation Safety Board of Canada said in a statement that investigators were conducting interviews and had downloaded data from the recovered ****** boxes that was being analyzed.
Two runways remain closed at Toronto’s Pearson Airport, including the busiest runway in the country, with the wreckage of the 16-year-old CRJ900 regional jet made by Canada’s Bombardier still on airport grounds.
Investigators will examine the runway before the site is cleaned up and released to the airport for a return to operations, TSB said.
The ****** reduced capacity at Canada’s largest airport, which has a limit on departures for its three other operational runways, Toronto Pearson duty manager Jake Keating told news channel CP24.
Toronto Pearson said in a post on X that as of 7 a.m. ET (1200 GMT) on Wednesday, about 5% of its departing flights and 6% of its arriving flights have been canceled.
TSB senior investigator Ken Webster said that following initial impact on the runway, parts of the CRJ900 aircraft separated and a fire ensued.
In a video showing the plane’s descent, the landing appeared flat and did not show the regular “flare” of the jet, where pilots pull the nose up to increase pitch just prior to touchdown, experts said.
Webster echoed other aviation safety officials saying it was too early to tell what happened to Flight 4819 from Minneapolis-St. Paul. Air crashes are usually caused by multiple factors.
Story Continues
Bastian said despite several high-profile incidents, air travel remains safe. “It is the safest form of transportation, *******,” he said.
The ****** in Canada followed other recent crashes in North America. An Army helicopter collided with a CRJ-700 passenger jet in Washington, D.C., killing 67 people, while at least seven people died when a medical transport plane crashed in Philadelphia and 10 were killed in a passenger plane ****** in Alaska.
Separately, Bastian said he had spoken to U.S. Transportation Secretary Sean Duffy and was not concerned by the layoff of several hundred employees at the Federal Aviation Administration, saying they were in “non-critical safety functions.”
Bastian said the Trump administration was committed to boosting air traffic controller hiring and improving air traffic technology.
(Reporting by David Shepardson in Washington and Allison Lampert in Montreal; Editing by Chizu Nomiyama, Marguerita Choy, Jamie Freed and Michael Perry)
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NASA Associate Administrator Jim Free to Retire After 30 Years Service – NASA
NASA Associate Administrator Jim Free to Retire After 30 Years Service – NASA
NASA Associate Administrator Jim Free to Retire After 30 Years Service NASAView Full Coverage on Google News
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#NASA #Associate #Administrator #Jim #Free #Retire #Years #Service #NASA
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Pacific Drive sales top one million
Pacific Drive sales top one million
This week’s Famitsu review scores are in.
– FANTASIAN Neo Dimension (PS5, PS4, Xbox Series, Switch) – 8/9/9/8 [34/40]
– Hakoniwa Kaitaku Hamster to Taiyou no Sato (Switch) – 6/6/5/6 [23/40]
– Hone Hone Zaurus X Chou Gattai! Build & Battle (Switch) – 8/8/8/7 [31/40]
– Pacific Drive (PS5) – 8/8/8/8 [32/40]
– REDNEG ALLSTARS SWING-BY EDITION (Switch) – 8/8/8/8 [32/40]
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#Pacific #Drive #sales #top #million
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Big four: Parliament’s economics committee has a crack at bank culture
Big four: Parliament’s economics committee has a crack at bank culture
Parliament’s economics committee says it remains “deeply concerned” about cultural problems in the banking sector, with ANZ in the firing line.
The latest review of the big four banks — released in the shadow of a Federal Election — warned the nation’s top lenders had not fully learned the lessons of the 2017 Hayne Royal Commission.
“The committee remains concerned about ongoing cultural and governance challenges within the banks,” chair Daniel Mulino said.
“Recent developments, such as the increase in variable bonus caps for lenders, and ASIC’s investigation into alleged misconduct by ANZ, demonstrate that parliamentary scrutiny of bank conduct remains essential.”
The big four paid almost $4 billion since the Royal Commission in compensation for misconduct. That included reparations for a widespread practice of charging customers without offering any service.
ANZ copped the biggest whack, with the committee expressing “significant concern over reports of incidents” in the bank’s markets division.
It follows a string of big issues for the $87 billion bank which were revealed last year.
ANZ apologised to the *********** Office of Financial Management, which manages Federal Government borrowing, for filing incorrect data. Traders in the bank’s Sydney office were investigated for behavioural issues.
The *********** Securities and Investments Commission is also investigating the Melbourne-based bank for suspected market manipulation following a $14 billion Treasury bond ***** in 2023.
The committee took aim at Commonwealth Bank — Australia’s biggest business — for lifting the cap on banker bonuses. Others quickly followed.
The cap was increased from 50 per cent of base pay to 80 per cent in a move Commonwealth said was a response to competition from non-bank lenders.
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#Big #Parliaments #economics #committee #crack #bank #culture
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Donald Trump Supporters Are Waking Up To The Reality Of Their Ballot Choices, And The Stories Are A Loooooot
Donald Trump Supporters Are Waking Up To The Reality Of Their Ballot Choices, And The Stories Are A Loooooot
We’re a month into the new Trump administration, which unfortunately means that this 2015 meme is becoming more and more true by the day:
Viral tweet from Adrian Bott: “‘I never thought leopards would eat MY face,’ sobs woman who voted for the Leopards Eating People’s Faces Party”
So, here are some of the Republican voters who definitely couldn’t have seen any of this coming:
1.First, there’s the “Trumpy neighbor” who isn’t very pleased that he has to return to in-person work for the Department of Homeland Security, given that he takes care of his elderly mother:
Tweet expressing frustration about neighbor’s unexpected full-time office return; mentions working for DHS and caring for elderly mother
2.There’s the conservative parents who voted for Trump, despite their “entire income” relying on federal grants:
Tweet stating loss of income due to Trump affecting parents’ federal grant writing business, with a comment about “leopards having a feast”
3.There’s the Trump voter with disabilities who “prayed” for Trump, only to have the president “****** [him] over.”
Tweet expressing disappointment about potential changes to SNAP and SSI benefits affecting people with disabilities
4.There’s the “elderly, MAGA, and diabetic” mother who was stunned that Trump’s term might affect drug price caps:
Comment about a conversation with the user’s mother on price cap concerns and her political views
5.There’s the MAGA voter who relies on Medicaid taking to Reddit to ask if he’s “screwed”:
A social media post questions Medicaid benefits under a Trump presidency, asking if voting for him will negatively impact Medicaid reliance
6.There’s the MAGA voter who calls her vote for Trump the “biggest mistake of [her] life.”
Screenshot of a news segment about Trump voters splintering, featuring a quote from Emily Anderson criticizing Trump’s deportation policies
7.There’s the Trump voter who’s incredulous that the president is spending his time with things like plastic straws and not the price of groceries:
Donald Trump tweets about ending paper straws; A commenter questions him about grocery prices in response, urging action on lowering them
8.There’s the woman crying over the tariffs that Trump was tremendously open about:
Tweet about a lady upset over tariffs after voting; others warned of potential impacts beforehand
9.There’s the family member who’s annoyed about Trump “letting Elon Musk take over the government” and “taking away ******* research funds”:
Text message expressing regret for voting for Trump, concern over Elon Musk, ******* research funding cuts, and feeling misled about America’s future
10.There’s the “extremely happy” Trump voter who is baffled that Trump would do a “corporate greedy thing”:
Text questioning why Trump revoked Executive Order 14087, mentioning Biden’s order to reduce prescription prices. Discusses confusion and corporate greed
11.There’s the Trump voter who’s upset that her social security was cut:
Comment expressing frustration about a $600 Social Security benefits cut, affecting the ability to support a 14-year-old grandson financially
12.There’s the Trump-voting neighbor who took his ‘Trump 2024’ sign off of his garage:
Text message about a neighbor removing a “Trump 2024: Make Liberals Cry Again” sign after losing government job, prompting a chuckle
13.And finally, there’s the Trump voter who’s frustrated with Trump’s federal funding cuts:
Tweet criticizing Donald Trump for cutting funding to help centers, expressing concern about access to food and support services despite being employed
Are any Trump voters in your life changing their tune? LMK in the comments!
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#Donald #Trump #Supporters #Waking #Reality #Ballot #Choices #Stories #Loooooot
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Israel prepares to receive bodies of youngest Gaza hostages, coffins placed on a stage – Reuters
Israel prepares to receive bodies of youngest Gaza hostages, coffins placed on a stage – Reuters
Israel prepares to receive bodies of youngest Gaza hostages, coffins placed on a stage ReutersIsraeli hostage families forum receives ‘heart-shattering’ news of Bibas deaths CNNHamas displays four coffins apparently containing bodies of slain Israeli hostages on stage in Khan Younis The Times of IsraelLIVE: Handover of 4 Israeli captives’ bodies begins in Gaza’s Khan Younis Al Jazeera EnglishRed Cross vehicles arrive at Gaza location where ****** is to hand over remains of 4 hostages Yahoo
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Bozena Knapinksi: Hyper-sensitive husband Robert who accused wife of poisoning him dubbed her ‘Chemical Ali’
Bozena Knapinksi: Hyper-sensitive husband Robert who accused wife of poisoning him dubbed her ‘Chemical Ali’
A woman who allegedly tried to poison her husband has chosen not to give evidence at trial but told police he’s paranoid and used to accuse her of it ‘all the time’.
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#Bozena #Knapinksi #Hypersensitive #husband #Robert #accused #wife #poisoning #dubbed #Chemical #Ali
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Motorists’ Lucky Escape as Car Launches Off California Overpass Onto Freeway Below
Motorists’ Lucky Escape as Car Launches Off California Overpass Onto Freeway Below
Motorists had a lucky escape after a vehicle plummeted off an overpass and onto Interstate 5 in Sacramento, California, on Monday, February 17.
Sacramento Police Department said the ****** occurred at 12:52 pm near the offramp for West El Camino Avenue.
Dashcam footage sent to Storyful shows the dramatic moment the vehicle veers off the overpass and onto the freeway below, with other motorists narrowly avoiding the fallen vehicle and debris.
The driver of the vehicle that fell off the overpass was taken to a nearby hospital, police said. Officers closed West El Camino Avenue before fully reopening it just under two hours later. Credit: Anonymous via Storyful
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#Motorists #Lucky #Escape #Car #Launches #California #Overpass #Freeway
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Review: X-Out: Resurfaced is the deepest of dives into the retro shoot 'em up genre – Entertainium
Review: X-Out: Resurfaced is the deepest of dives into the retro shoot 'em up genre – Entertainium
X-Out: Resurfaced has unique enough of a theme to make it stand out among the many other genre offerings out on the eShop.
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#Review #XOut #Resurfaced #deepest #dives #retro #shoot #039em #genre #Entertainium
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A Bitcoin Paradox: Good or Bad in an Economic Environment of Tariffs?
A Bitcoin Paradox: Good or Bad in an Economic Environment of Tariffs?
Trump’s recent announcement regarding the multiple tariffs he will impose on various countries have shaken global equity markets, including that of U.S. itself.
While tariffs are seen as a form of trade protectionism to protect domestic industries, there are often unwanted spillover effects in the form of worsening international ties, potential cost-push inflation and strong retaliation from the affected countries.
Now, general economic theory would tell you how bonds and equities may perform in such a scenario. However, the case for cryptocurrency is not so straightforward. In this article, I go over a paradox with regard to ‘s performance in such an economic environment.
Why Bitcoin performance may be harmed
We now go through how an economic environment of tariffs can harm Bitcoin’s performance. But first, let’s go over how tariffs affect the economy in general.
Cost-push inflation and how various economies are affected
As stated previously, the introduction of multiple tariffs can lead to cost-push inflation. In a case where the U.S. is unable to produce as efficiently in certain industries, firms will face significantly higher production costs — either from paying the tariff or utilising less cost-efficient local resources.
These prices eventually get passed on to the consumer if firms want to maintain their profit margins, leading to cost-push inflation — an extremely harmful type of inflation which can lead to stagflation, since price increases are not because of increased consumption and investment levels in a thriving economy, but rather because of higher production costs. The potential result is detrimental to the U.S.’s economy, as consumers have reduced purchasing power in an environment where the economic growth is stagnant.
In addition to the above, tariffs imposed (by the U.S.) on other countries can also harm their economies due to potentially lower export revenues, especially if they are unable to find other countries to supply to. This decline in export revenue can be quite significant for countries heavily depending on the U.S. for trade — like Mexico, China and Canada, which have each exported more than $400b worth of goods to the U.S.. Then, there is the matter of retaliatory tariffs (imposed back onto the U.S.) by these countries, which add another potential layer of economic uncertainty. In general, it is easy to see that an economic environment of tariffs can potentially be detrimental to many of the affected economies.
Risk assets like equities, junk bonds and cryptocurrencies (amongst others) tend to perform poorly during trying economic conditions. If the introduction of tariffs plays out poorly, consumers would shy away from assets considered to be more volatile — with equities and Bitcoin easily falling under this category.
In recent times, the short-term correlation coefficient between Bitcoin prices and the is approximately 0.88, indicating a strong positive relationship (as of late). As such, in a potential economic downturn where stocks begin selling off, holders of Bitcoin may also begin taking profit (or cutting losses), negatively impacting Bitcoin prices. This is why many analysts believe that Bitcoin prices will fall together with other risk assets due to the introduction of Trump’s tariffs. In fact, the token’s price dropped to a 3-week low after the tariffs were first announced.
Why Bitcoin performance may improve
With the previous case in mind, let’s go over why the scenario may not play out in such a straightforward manner.
The Decoupling of Bitcoin from Stock Indices
We have seen in multiple cases of economic uncertainty (though not all) where Bitcoin’s performance can decouple from popular stock indices like the S&P 500. For example, during the 2023 Banking Crisis (where Silicon Valley Bank, amongst other banks, started collapsing), popular indices like the S&P 500 and NASDAQ 100 fell significantly due to a massive injection of fear and uncertainty in equity markets. However, Bitcoin’s performance remained strong and even rallied further as investors flocked to Bitcoin, seeing it as a safe haven alongside popular precious metals like gold. As such, the argument that Bitcoin moves in the same trend as equities cannot be generalised for all cases, especially in specific periods of economic downturn.
Is Bitcoin considered a safe haven?
Currencies can be manipulated, shares can be issued, and other cryptocurrencies can increase their supply infinitely if they wish to — but Bitcoin’s maximum supply is fixed permanently at 21 million coins, giving the token an element of scarcity that is present in commodities like gold, silver and oil. In addition, the Bitcoin Halving, which occurs every 4 years, reduces the rates at which new coins are created and hence, lowers the available amount of new supply. Because of this, there is a case for Bitcoin being a valid hedge during times of economic uncertainty.
Where The Paradox Lies
On one hand, Bitcoin generally functions as a risk asset, together with equities and junk bonds. Yet, when specific situations of economic uncertainty present themselves, Bitcoin does not necessarily behave like a risk asset in terms of its performance — instead, it can become a ‘safe haven’ of sorts, with its price following a similar trend to commodities like gold.
On the other hand, Bitcoin’s historical volatility is infamous — trading between $15k and $100k in a span of about 4 years, and having 24-hour fluctuations of over 20% on numerous occasions. It is anything but a safe haven, which is supposed to be a store of value.
So, if it isn’t a risk asset, nor a safe haven, what is it? Or maybe it’s both — but how can Bitcoin be risky and safe at the same time? This is where the paradox lies.
The Tariff Situation
With respect to the tariff situation, it is near-impossible to determine the direction of Bitcoin’s performance — and it’s mainly because of this paradox. It seems that even investors and analysts themselves are uncertain with regard to the true function of Bitcoin during economic uncertainty. If it’s a safe haven, then maybe you should load up, but if it’s a risk asset, then maybe it’s good to take some profits.
So, which one is it? I suppose your guess is as good as mine.
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Indian prime minister’s party names a woman as top government official in New Delhi state – The Associated Press
Indian prime minister’s party names a woman as top government official in New Delhi state – The Associated Press
Indian prime minister’s party names a woman as top government official in New Delhi state The Associated PressEx-AAP Firebrand Leader, A Dentist Among 6 On Rekha Gupta’s New Delhi Team NDTVMeet the ministers in Delhi CM Rekha Gupta’s cabinet Deccan HeraldRSS roots, student activism see her to the top The Tribune IndiaParvesh Verma takes oath as Delhi cabinet minister: 5 things to know about him Hindustan Times
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RoadCraft preview: Build back better | Traxion
RoadCraft preview: Build back better | Traxion
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Traxion runs the rule over RoadCraft’s demo, where the goal is to rebuild disaster-affected environments using a variety of vehicles and heavy machinery.
The demo will be part of an upcoming Steam festival, but before then, an early hands-on.
PC RoadCraft traxion.gg
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Samsung Galaxy S25 Ultra, Galaxy S25+ Charging Issues to Be Fixed via Software Update
Samsung Galaxy S25 Ultra, Galaxy S25+ Charging Issues to Be Fixed via Software Update
Samsung Galaxy S25 Ultra and Galaxy S25+ owners have been complaining of charging related issues for the past couple of weeks, and the company has finally confirmed that it is working on a fix for the issue. The company responded to a user stating that it is aware of an issue with specific cables that could cause charging issues, and that a software update is expected to resolve the problem. The standard Samsung Galaxy S25 model does not appear to be affected by the bug.
Samsung Working on Software Fix for Galaxy S25+, Galaxy S25 Ultra Charging Bug
After the launch of the Samsung Galaxy S25 series of smartphones, some Galaxy S25 Ultra and Galaxy S25+ owners took to Reddit and the company’s community forums (via Android Police) to complain about issues that slowed down the charging of these handsets. Some users also stated that the charging process was randomly interrupted, which also increased the time taken to charge the smartphones.
According to the posts shared by users detailing the issues, the Galaxy S25 Ultra and the Galaxy S25+ are impacted by a bug that results in charging taking a few hours. Some users have also reported that their handset informs them that the charger is disconnected (and reconnected) while the phone is being charged.
Ciao Simone, potresti indicarci se stai caricando il dispositivo **** un cavo da 5A e non quello da 3A presente nella confezione del telefono? Infatti, siamo a conoscenza di un’anomalia sulla ricarica **** il cavo da 5A che verrà risolta **** un prossimo update. Facci sapere!
— Samsung Italia (@SamsungItalia) February 7, 2025
In a response to a user on X (formerly Twitter) posted earlier this month, Samsung Italy has confirmed (in Italian) that it is aware of an issue related to the use of 5A cables. The company also responded to the user stating that it was working on a fix for the issue, which would be delivered in the form of a software update.
It’s worth noting that Samsung has already rolled out a software update for the Galaxy S25 series, and one of the entries in the changelog mentions stability improvements. However, it is unclear whether the update has fully resolved the issues faced by Galaxy S25 Ultra and Galaxy S25+ owners, as recent responses on the post and forums indicate that users are still facing issues.
In the meanwhile, users can try to connect their Samsung Galaxy S25 Ultra or Galaxy S25+ to a 3A cable while charging the handset with the company’s 45W charger. The standard Galaxy S25 model, which supports slower charging at 25W, doesn’t appear to be affected by this issue.
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Wingstop: Revenue Spikes 27% in Q4, but Why is Stock Dropping?
Wingstop: Revenue Spikes 27% in Q4, but Why is Stock Dropping?
Wingstop stock was plummeted Wednesday, down 15%
The chicken wing chain missed Q4 revenue estimates.
Is this a buying opportunity?
Is it time to buy?
Wingstop (NASDAQ:) stock was getting crushed on Wednesday, dropping some 15% to $260 per share after the chicken wing chain reported fourth quarter earnings.
The Q4 numbers looked impressive when compared to the same quarter a year ago. Revenue spiked 27% year over year to $162 million, but that was below estimates of $165 million.
Net income surged 42% to $27 million, or 92 cents per share, which exceeded analysts’ estimates of 89 cents per share.
System-wide sales were up 28% to $1.2 billion. That includes all sales, from both franchises and the stores that Wingstop owns. Same-store sales, which are sales from locations that have been open at least a year, rose 10%. Meanwhile, the average unit volume (AUV), which is the average sales of all restaurants that have been open at least a year, rose 17% to $2.1 million.
In addition, the company opened 105 new restaurants in the quarter. For the full fiscal year, Wingstop had 358 net new openings, bringing the total to 2,563 worldwide locations, up 16% from the previous year.
Of that total, 2,204 restaurants are in the United States with 2,154 of them franchised and 50 were company-owned.
Is This a Buying Opportunity?
The extent of the drop in stock price may seem a bit overblown, given that it wasn’t a huge revenue miss and earnings beat expectations.
There may have also been some disappointment with projections of low- to mid-single-digit domestic same-store sales growth. That would be considerably lower than the 19.9% jump in fiscal 2024.
Further, selling, general, and administrative costs are expected to reach $140 million, up about 20% and on pace with the previous year.
So, while there are some concerns, the ******* issue is Wingstop’s high valuation. It has been an excellent and consistent stock over the years, averaging a 25% return over the past 10 years and 20% over the past five years.
That has led to a high valuation, with a P/E ratio of about 89. The P/E has come down over the past year as the stock has dropped about 18% over the past 12 months, but it is still high. In today’s selloff, investors probably saw the revenue projections as too low to justify the high price.
This dip was probably overdue, but I still don’t think the stock is in the buy range. Wingstop is a good company and it’s a stock to put on your radar, but just wait for things to settle a bit more.
That said, analysts’ love it, as it has a median price target of $364 per share and is considered a buy across the board. So, as always, do your own research.
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Sony Did Not Force Studios to Develop Live Service Games, Says Shuhei Yoshida
Sony Did Not Force Studios to Develop Live Service Games, Says Shuhei Yoshida
Shuhei Yoshida stated that Sony did not force studios to develop live service games, but decisions were likely made collaboratively.
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South Korean actress, Netflix star Kim Sae-ron’s cause of death released: Reports
South Korean actress, Netflix star Kim Sae-ron’s cause of death released: Reports
South Korean police have announced a cause of death for actress Kim Sae-ron, reports say.
Authorities presume Kim, who was found dead at her home by a friend, died by suicide, according to The New York Times and South Korean outlets like The Korea Times and Yonhap News Agency. USA TODAY has reached out to South Korean police for confirmation.
The South Korean star was known for her roles in movies like “A Brand New Life” and “The Man from Nowhere.” She was 24.
The friend, who was going to meet the actress, discovered her and called police, Yonhap News Agency and the Korea Times reported. Police found no foul play or note left by Kim, according to the outlets.
South Korean actor Kim Sae-ron poses on the red carpet during the Mnet Asian Music Awards in Hong Kong, Dec. 1, 2017.
Kim began acting when she was 9 and debuted in the 2009 South Korean film “A Brand New Life,” which screened that year at Cannes Film Festival. In its review, Variety praised the young actress for her “concentrated, thoroughly convincing” performance.
The following year, Kim starred in “The Man from Nowhere.” The action-thriller became South Korea’s highest-grossing film of 2010, outperforming “Inception” and “Iron Man 2” in the country, according to Box Office Mojo.
Kim Sae-ron, then 13, attending the “Dohee-Ya” photocall at the 67th Annual Cannes Film Festival on May 20, 2014, in Cannes, France.
Kim was also known for movies like “I Am a Dad” and “A Girl at My Door,” the latter of which screened at Cannes Film Festival in 2014. In a review of “A Girl at My Door” for RogerEbert.com, Seongyong Cho wrote that Kim, who “previously made a breakthrough with her remarkable debut performance” in “A Brand New Life,” was “exceptional.”
On the television side, Kim starred in shows like “Hi! School: Love On” and “Secret Healer,” also known as “Mirror of the Witch.” She most recently appeared in the Netflix series “Bloodhounds,” which debuted in 2023.
In 2022, her acting career took a hit after she was involved in a drunk driving incident. In a statement on Instagram at the time, Kim apologized for making a “big mistake in a drunken state,” according to a translation from the Korean entertainment website Soompi.
“I have no excuses for this unfortunate incident and I feel so ashamed and disappointed in myself for the mistake I made,” she said at the time. “I will deeply reflect and reflect again to ensure that something like this never happens again. I’m sorry.”
If you or someone you know may be struggling with suicidal thoughts, you can call 988 any time day or night, or chat online. Crisis Text Line also provides free, 24/7, confidential support via text message to people in crisis when they dial 741741.
Contributing: Ju-min Park, Reuters
This article originally appeared on USA TODAY: Kim Sae-ron cause of death released: Reports
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Does Plug Power Have Any Power to Rally From Here?
Does Plug Power Have Any Power to Rally From Here?
January 2021, Plug Power peaked at $75.49. It now trades at $1.77.
Why does this interest me?
For starters, I love underdogs.
Secondly, the fundamentals are promising.
Thirdly, I see a bullish divergence in momentum and a reversal bottom in the charts.
Plug Power (NASDAQ:) is an American company that specializes in hydrogen fuel cell technology. Headquarters in the USA, the company develops and manufactures hydrogen fuel cell systems that replace conventional batteries in electric-powered vehicles and equipment.
PLUG has major partnerships with companies like Amazon (NASDAQ:), Walmart (NYSE:), and Home Depot (NYSE:), supplying fuel cell systems for forklifts and logistics fleets. The company is also expanding into hydrogen production, aiming to create a comprehensive hydrogen ecosystem for clean energy solutions worldwide.
Plug Power is a key player in the push for sustainable energy, working to advance hydrogen as an alternative to fossil fuels in transportation, industrial power, and grid applications.
What are the biggest challenges Plug Power faces in scaling its hydrogen infrastructure?
High Production Costs –Plug Power needs to scale production while reducing costs to remain competitive with fossil fuels and other energy alternatives.
Hydrogen Supply Chain & Distribution –Transporting and storing hydrogen is complex, requiring specialized infrastructure.
Infrastructure Buildout – The current hydrogen infrastructure, including refueling stations and production facilities, is still in its early stages.
Regulatory & Policy Uncertainty –Uncertainty around regulations, subsidies, and carbon pricing can impact Plug Power’s ability to secure long-term investments and growth.
Technology & Efficiency Improvements –Plug Power must continue investing in R&D to enhance its competitive position.
Competition & Market Adoption –The company must navigate competition from firms investing in alternative renewable energy sources.
Profitability & Financial Sustainability – While Plug Power has aggressive expansion plans, it has yet to achieve consistent profitability.
Renewable Energy Availability – Since green hydrogen relies on renewable energy sources like wind and solar, ensuring a steady and affordable supply of renewable electricity is essential for scaling up hydrogen production.
To overcome these challenges, Plug Power is actively working on expanding its hydrogen production facilities, forming strategic partnerships, and pushing for supportive policies to drive the hydrogen economy forward.
Government action on tax incentives, infrastructure investment, and regulatory support will be crucial in scaling Plug Power’s hydrogen business.
But what do we know?
PRICE DICTATES THE NARRATIVE
On the Daily chart going back to September 2024 until February 2025, we see a potential double bottom at $1.60.
That gives this highly speculative stock, a support and risk level.
Looking at Real Motion, the red dots are over the 200-DMA (green), while the price is far below. That is what we call a bullish divergence in momentum.
On the Leadership indicator, PLUG underperforms the benchmark.
A classic reversal pattern happens when an instrument makes a new low (60+ days) and then closes above the high of that day on the next day.
With today’s action an inside day (range within the range of the day before), a move and close over 1.85 would be interesting.
ETF Summary
(Pivotal means short-term bullish above that level and bearish below)
S&P 500 (SPY) New all-time high
Russell 2000 (IWM) Has to clear 227 then 230 and hold 220
Dow (DIA) 439 support 452 now the resistance to clear
Nasdaq (QQQ) 540 new all-time high now the bar to cross
Regional banks (KRE) 64 pivotal
Semiconductors (SMH) 245 support 260 resistance
Transportation (IYT) 71.40 support 73.50 resistance
Biotechnology (IBB) 130 resistance
Retail (XRT) Middle of the 2025 range
iShares 20+ Treasury Bonds (TLT) Above the 50-DMA and needs to clear 90 to get interesting
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Russia is doing a U-turn after spending the last 3 years hating U.S.
Russia is doing a U-turn after spending the last 3 years hating U.S.
Russian President Vladimir Putin during a joint press conference with U.S. President Donald Trump in the Presidential Palace in Helsinki, Finland, on July 16, 2018.
Jussi Nukari | Lehtikuva | Reuters
Since invading Ukraine three years ago, Russia has spent a significant amount of energy demonizing the U.S. and denigrating its leadership, economy and culture — and what it saw as Washington’s “hegemony” in the global world order.
U.S.-led international sanctions prompted more vitriol from Moscow, with Russian President Vladimir Putin and other senior officials slamming the almost continuous slew of punitive restrictions on key sectors of the Russian economy and its elite, as the war continued.
But the arrival of a friendlier administration under President Donald Trump and fledgling talks with the U.S. to end the conflict in Ukraine — as well as a way back in from the economic and geopolitical cold — are prompting a U-turn in Moscow, with the Kremlin dramatically softening the adversarial position it has occupied in recent years.
As tensions between Trump and Ukraine’s President Volodymyr Zelenskyy spilled over into open acrimony on Wednesday, with Trump calling Zelenskyy a “dictator,” Putin broke his silence on the rapprochement between Russia and the U.S. in Saudi Arabia this week after the first sit-down talks between officials since early 2022.
“”I rate [the negotiations] highly, there is a result,” Putin said, adding that the meeting was “very friendly.”
“In general, as I was told, it [the mood] was very friendly. On the American side, there were entirely different people who were open to the negotiation process without any bias, without any prejudice to what was done in the past,” he said in comments translated by NBC News.
Putin also praised Trump for showing “restraint” amid what he described as “hysteria” by European leaders who are angry at being left out of negotiations on Ukraine’s future.
Mood music changing
The mood music in Moscow appeared to change swiftly after the Russia-U.S. talks in Riyadh on Tuesday which aimed — ostensibly — to lay the groundwork for upcoming peace talks on Ukraine, despite Kyiv’s absence from the discussions.
Russian state media responded positively to the talks and changing tide in Russia-U.S. relations, as did senior officials in Moscow who are part of Putin’s loyal inner circle.
Kremlin Spokesperson Dmitry Peskov said Wednesday that the talks had focused on a “revival” of U.S.-Russia relations more than Ukraine, saying the mood was now “business-like.”
U.S. President Donald Trump and Russian President Vladimir Putin at a joint press conference after their summit on July 16, 2018, in Helsinki, Finland.
Chris McGrath | Getty Images News | Getty Images
Foreign Minister Sergey Lavrov echoed that sentiment, commenting on the “very constructive” talks that had taken place, and stating Wednesday that the countries had “begun to move away from the edge of the abyss where Biden’s administration led our relationship.”
“For now, it is necessary to clean up the legacy of the Biden administration, which did everything to destroy … the very foundation of long-term partnership between our countries,” Lavrov said, commenting on the possibility of strategic cooperation between Russia and United States, Russian state news agency Tass reported.
CNBC has requested further comment from the Kremlin on the change in position vis-a-vis Washington and is awaiting a response.
There’s no doubt that Joe Biden’s departure from the White House and Trump’s return have prompted Moscow to soften its rhetoric toward the United States, with whom it had warm relations during the president’s first term in office from 2017 to 2021.
Russian President Vladimir Putin even signaled his support for tariffs that Trump announced in his first weeks in office, stating that the U.S.’ European allies would “stand at the feet of the master” when confronted with Trump’s trade threats.
Russia also stands to benefit significantly from the end to a war that has put its economy on a war footing, with Moscow having massively ramped up its production of military hardware, diverting workers away from other key industries and production, contributing to persistent inflationary pressures and a rise in the price of basic goods and foods that have been felt keenly by Russian citizens.
Russian President Vladimir Putin meets workers during an aviation factory visit in the east Siberian city of Ulan-Ude on March 14, 2023.
Vladimir Gerdo | AFP | Getty Images
Economy to benefit
Moscow has frequently downplayed the impact of Western sanctions on its major industries, particularly its oil and gas sectors, and any hit to its export revenues, instead championing its ability to mitigate sanctions by bolstering trade with other countries, such as China and India.
Nonetheless, an alleviation of restrictions and a reopening of access to former markets in the West as part of a peace deal would undoubtedly be a boon to Moscow, economists say.
“The decision by the U.S. and Russia to ‘lay the groundwork’ to end the war in Ukraine marks a potentially significant turning point after three years of conflict,” Liam Peach, senior emerging markets economist at Capital Economics, said in a note Tuesday.
“Negotiations will take time and the macroeconomic implications will depend on the features of any agreement [but] we think a peace deal could result in higher Russian natural gas flows and lower energy prices, but any boost to Europe’s economy – outside Russia and Ukraine – is likely to be limited.”
“A peace agreement that is broadly favourable to all sides would have macroeconomic benefits: it could set the basis for a modest pick-up in some Russian pipeline gas flows to Europe [and] the easing of Western sanctions on Russia,” although perhaps only in certain areas, such as Russia’s access to the U.S. financial system, he noted in emailed comments.
David Roche, strategist at Quantum Strategy, commented that autocratic leaders like Putin and ******** President Xi Jinping were the ultimate “winners” of the U.S.’ newfound antipathy toward old allies and warming toward Moscow. Roche and other strategists are also cynical that Russia will be inclined to relinquish the war-oriented economy now that it has become entrenched.
“The winners are Putin and Xi. They have proven how weak and decadent democracy is,” Roche said in emailed comments.
“The U.S.’ retreat into MAGA isolationism creates a big opportunity for the ‘Axis of Autocracies’ [including Russia and China] to replace the U.S. … in terms of aid, investment and political drawing power,” Roche said in emailed comments Wednesday.
“Putin will use the ceasefire to reconstitute Russia’s armed forces. Once the fighting stops the horrific Russian losses of men and machines become daily additions to the armed forces. The Russian war machine is producing the entire equipment of the Germany’s armed forces every 6 months … Ironically there were signs of seismic cracks in the Russian war machine. It wouldn’t have taken much to push it over the brink. But that is over as soon as losses stop,” he said.
Ukraine fuming
Ukraine and its European allies have been left fuming by the U.S., and Russia rekindling diplomatic ties and forging ahead with talks without their input.
Zelenskyy had already voiced his consternation at Kyiv being excluded from talks in Saudi Arabia, but his frustration emerged fully on Wednesday when he said Trump was being influenced by Russian “disinformation.”
That was when Trump hit back, saying Zelenskyy was a “dictator without elections” and had poor polling ratings despite an opinion poll released Wednesday by the Kyiv International Institute of Sociology showing that 57% of Ukrainians trust their president.
Ukraine has not held elections since Zelenskyy’s election in 2019, saying it was impracticable to hold a ballot during war and when martial law is in place.
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This ETF is Now the World’s Largest, Topping the Long Reigning Leader
This ETF is Now the World’s Largest, Topping the Long Reigning Leader
The Vanguard S&P 500 ETF is now the largest ETF in the world.
It surpassed the long running leader, the SPDR S&P 500 ETF.
In January, the Vanguard S&P 500 ETF pulled in 25% of all ETF inflows.
This new asset leader has been by far the fastest growing ETF in recent years.
Exchange-traded funds (ETFs) have revolutionized investing, making it easier for investors to access the markets and build diversified portfolios all within one investment that trades like an individual stock.
The concept was first brought to market in the United States in 1993 by State Street Global Advisors who introduced the , an ETF that contained the holdings of the and tracked its performance.
The SPDR S&P 500 ETF has been the largest ETF on the market since then, growing in assets as more investors flocked to ETFs.
But this week, after more than 30 years, a new ETF has taken over the top spot as the world’s largest ETF, the Vanguard S&P 500 ETF (NYSE:).
According to several data providers, including ETF Database, the Vanguard S&P 500 ETF has $632.2 billion in assets under management, surpassing the SPDR S&P 500 ETF, which has $630.4 billion. The iShares Core S&P 500 ETF (NYSE:) is third at $609.1 billion.
Vanguard ETF Pulling in One-Quarter of all ETF Assets
The Vanguard S&P 500 ETF has been steadily closing the gap in recent years as the fastest-growing ETF. In 2024, the Vanguard S&P 500 ETF had the most inflows of any ETF, pulling in $116.1 billion, followed by the iShares Core S&P 500 ETF with $86.8 billion. The iShares Bitcoin Trust ETF (NASDAQ:) was third with $37.2 billion in inflows.
The SPDR S&P 500 ETF was further down the list with about $22.5 billion in inflows in 2024.
It is a similar pattern so far in 2025, as the Vanguard S&P 500 ETF brought in some $21.6 billion in inflows in January alone. That accounted for about 25% of the $86 billion in inflows that the entire market saw in January. The next closest had just $3.8 billion in inflows in January, according to ETF.com.
Part of the appeal for Vanguard is its low fees. The Vanguard S&P 500 ETF has a miniscule expense ratio of 0.03%, which is well below the SPDR S&P 500 ETF expense ratio of 0.09%.
With its low fees, it has gained a huge following among individual retail investors while the SPDR ETF is favored by institutional investors.
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