Wait for buying opportunities in stocks like Walmart, strategist says
Wait for buying opportunities in stocks like Walmart, strategist says
Future dips in Walmart and Bumble shares could be an opportunity for investors, according to Jay Woods, chief global strategist at Freedom Capital Markets. Woods appeared on CNBC’s “Power Lunch” on Wednesday to give his hot takes on some of the market’s biggest movers of the day. Here is what he had to say during “Three-Stock Lunch.” Bumble Bumble is not a smart choice for traders with a longer-term outlook, according to Woods. But Wednesday’s huge sell-off could still be an opportunity for traders, particularly as Bumble founder Whitney Wolfe Herd is set to return as its CEO in mid-March, he said. “I would definitely swipe left and avoid this stock over the long term. But I’m looking where there could be potential opportunity,” Woods said. “User growth is going down, but we have technical levels that give us an actual advantage from a risk-reward setup.” Bumble shares plunged 30.3% on Wednesday to $5.64 after the online dating company gave weak first-quarter guidance. Bumble expects revenue of between $242 million and $248 million, lower than the $257 million call from analysts polled by LSEG. BMBL 6M mountain Bumble shares over the past six months. The stock’s had a rough performance for a while now, losing more than 58% over the past year. “It’s stung investors for a long time, but this could be the time that you may want to swipe right and see the stock rally back to $7.50,” Woods continued. “If this gets down to $5.50 or lower, I think it’s worth taking a shot. … It could prove to be a good snapback rally over the next quarter once the CEO change comes in.” Walmart Woods trimmed his Walmart holdings ahead of the big-box retailer’s results due Thursday morning, but he maintains a bullish long-term outlook on the stock. “The stock is slightly overbought,” Woods said. “That doesn’t mean the trend is going to change. It’s been overbought several times during this run, but let’s look forward on any weakness where we want to enter the stock because over the long term, it’s still a great name to buy.” Walmart’s stock price is up more than 15% year to date and settled at $104 on Wednesday. Woods advised traders to watch for the stock to dip to around $95 or $96 for a buying opportunity. “The stock is the juggernaut. It’s the bellwether for all retail stocks,” he said about the retailer, which serves as a general indicator for consumer spending and the health of the U.S. economy. Shares of Walmart are up 83.1% over the past year. SolarEdge Woods doesn’t think investors should be impressed by SolarEdge ‘s post-earnings rally . Shares closed Wednesday up 16% on better-than-expected revenue, even though SolarEdge posted a steep loss in the fourth quarter. The company’s cost-cutting measures and positive free cash flow in the latest quarter were positive for the stock’s story, but not enough for the strategist. “Over the long term, what is the tailwind? How are the clouds going to recede over this stock? It’s not going to be from this administration,” Woods said. “If you own it, I would fade it. And if it rallies a little bit more, I would probably sell it until proven otherwise. I would wait another quarter before getting into this name.” He noted that despite the stock’s pop, the biggest gains faded by the end of the trading session, as SolarEdge opened around $23 per share and ended the day at about $19.60. SEDG 1Y mountain SolarEdge stock over the past year.
Future dips in Walmart and Bumble shares could be an opportunity for investors, according to Jay Woods, chief global strategist at Freedom Capital Markets.
Woods appeared on CNBC’s “Power Lunch” on Wednesday to give his hot takes on some of the market’s biggest movers of the day. Here is what he had to say during “Three-Stock Lunch.”
Bumble
Bumble is not a smart choice for traders with a longer-term outlook, according to Woods. But Wednesday’s huge sell-off could still be an opportunity for traders, particularly as Bumble founder Whitney Wolfe Herd is set to return as its CEO in mid-March, he said.
“I would definitely swipe left and avoid this stock over the long term. But I’m looking where there could be potential opportunity,” Woods said. “User growth is going down, but we have technical levels that give us an actual advantage from a risk-reward setup.”
Bumble shares plunged 30.3% on Wednesday to $5.64 after the online dating company gave weak first-quarter guidance. Bumble expects revenue of between $242 million and $248 million, lower than the $257 million call from analysts polled by LSEG.
Stock Chart IconStock chart icon
Bumble shares over the past six months.
The stock’s had a rough performance for a while now, losing more than 58% over the past year.
“It’s stung investors for a long time, but this could be the time that you may want to swipe right and see the stock rally back to $7.50,” Woods continued. “If this gets down to $5.50 or lower, I think it’s worth taking a shot. … It could prove to be a good snapback rally over the next quarter once the CEO change comes in.”
Walmart
Woods trimmed his Walmart holdings ahead of the big-box retailer’s results due Thursday morning, but he maintains a bullish long-term outlook on the stock.
“The stock is slightly overbought,” Woods said. “That doesn’t mean the trend is going to change. It’s been overbought several times during this run, but let’s look forward on any weakness where we want to enter the stock because over the long term, it’s still a great name to buy.”
Walmart’s stock price is up more than 15% year to date and settled at $104 on Wednesday. Woods advised traders to watch for the stock to dip to around $95 or $96 for a buying opportunity.
“The stock is the juggernaut. It’s the bellwether for all retail stocks,” he said about the retailer, which serves as a general indicator for consumer spending and the health of the U.S. economy.
Shares of Walmart are up 83.1% over the past year.
SolarEdge
Woods doesn’t think investors should be impressed by SolarEdge‘s post-earnings rally. Shares closed Wednesday up 16% on better-than-expected revenue, even though SolarEdge posted a steep loss in the fourth quarter.
The company’s cost-cutting measures and positive free cash flow in the latest quarter were positive for the stock’s story, but not enough for the strategist.
“Over the long term, what is the tailwind? How are the clouds going to recede over this stock? It’s not going to be from this administration,” Woods said. “If you own it, I would fade it. And if it rallies a little bit more, I would probably sell it until proven otherwise. I would wait another quarter before getting into this name.”
He noted that despite the stock’s pop, the biggest gains faded by the end of the trading session, as SolarEdge opened around $23 per share and ended the day at about $19.60.
Stock Chart IconStock chart icon
SolarEdge stock over the past year.
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Thune’s power move to advance Trump’s agenda – CNN
Thune’s power move to advance Trump’s agenda – CNN
Thune’s power move to advance Trump’s agenda CNNHere’s What to Know About Congressional Republicans’ Budget Plans The New York TimesEvening Report — Trump blindsides Senate GOP, backs House budget plan The HillWhite House blesses Senate backup plan on Mike Johnson’s budget Axios
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Six Nations: England’s Immanuel Feyi-Waboso to miss Six Nations after shoulder surgery
Six Nations: England’s Immanuel Feyi-Waboso to miss Six Nations after shoulder surgery
England’s Immanuel Feyi-Waboso will miss the Six Nations after having shoulder surgery.
The wing initially opted not to have surgery on a dislocated shoulder sustained before Christmas after discussions between England and Exeter Chiefs.
England head coach Steve Borthwick said earlier this month there was a “possibility” Feyi-Waboso could be back before the end of the Six Nations.
On Wednesday, the Exeter wing posted a photo of himself in hospital following the surgery on Instagram, with the caption “minor setbacks, we go again”.
It is understood the 22-year-old’s shoulder did not respond to rehabilitation as he hoped, so he opted to have surgery.
Feyi-Waboso was shortlisted for World Rugby’s breakthrough player of 2024 after scoring five tries in his first eight England appearances.
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Sprint sensation Gout Gout will run in the Stawell Gift at Easter
Sprint sensation Gout Gout will run in the Stawell Gift at Easter
He’s put the world on notice and now Gout Gout is set to mark his mark in one of Australia’s most famous races.
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Stock Market Today: Dow loses steam, Nasdaq turns higher and S&P 500 attempts to build on record after Fed minutes offer no surprises – MarketWatch
Stock Market Today: Dow loses steam, Nasdaq turns higher and S&P 500 attempts to build on record after Fed minutes offer no surprises – MarketWatch
Stock Market Today: Dow loses steam, Nasdaq turns higher and S&P 500 attempts to build on record after Fed minutes offer no surprises MarketWatchS&P 500 rises to another record, shaking off more tariff fears: Live updates CNBCS&P 500 notches fresh record high, investors digest Fed minutes Yahoo FinanceDow Jones Today: Stocks Mixed as S&P 500 Hits All-Time High; Intel Drops After Recent Surge, Supermicro Continues Soaring InvestopediaThe Fed wants more progress on inflation before cutting interest rates — and stocks are stuck in place Quartz
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‘Tragic’: Neighbours speak after baby dies at daycare centre in Skye, Melbourne
‘Tragic’: Neighbours speak after baby dies at daycare centre in Skye, Melbourne
Neighbours have described their shock and horror at news of a baby’s tragic death at a daycare centre in Melbourne’s southeast.
The tragedy drew a large police presence to the facility on Balinga Drive at Skye – about 48km from the Melbourne CBD – on Wednesday afternoon.
Camera IconA baby died at a day care centre in Melbourne. 7 NEWS. Credit: SuppliedCamera IconThe centre appeared to be open on Thursday morning. Zoe De Koning/NewsWire. Credit: NewsWire
Victoria Police said their investigation was ongoing but that the baby’s death was not being treated as suspicious.
“Police will prepare a report for the coroner following the death of an infant at a family day care facility in Skye,” a Victoria Police spokeswoman said.
The centre appeared to be open on Thursday morning, with a man was seen dropping off a child at about 8am.
Only a handful of early morning walkers were spotted on Balinga Drive on Thursday morning, with limited traffic on the residential street.
No emergency services were on scene as of 8.30am.
A neighbour, who was out walking her dog with her baby, described the baby’s death as a tragedy.
“It’s quite sickening,” she said.
“We thought it was an older lady, and when we found out it was a baby it was just sickening.”
Camera IconNeighbours heard screams before emergency services arrived, the Daily Mail reported. supplied Credit: Herald SunCamera IconPolice are not treating the death as suspicious. supplied Credit: Herald Sun
Another neighbour said she first noticed something major had happened at about 5.30pm on Wednesday.
“I came home from my walk and that’s when I found out about it,” she said.
“I didn’t even know it was a day care centre.
“Neighbours told me what happened after my walk … it’s tragic.”
One nearby resident had heard screams before emergency services arrived at the daycare centre, according to The Daily Mail.
It is understood the daycare operated from a private home.
The tragedy comes just weeks after a baby was found dead inside a car outside a childcare centre in Sydney.
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Two people dead after two planes collide mid-air in Arizona
Two people dead after two planes collide mid-air in Arizona
Two people are dead following an airplane ****** at Marana Regional Airport in Marana, Arizona.
A Lancair and Cessna 172 collided mid-air around 8:25 a.m. in an uncontrolled field, meaning an airport without an operating air traffic control tower. Two people were on board each of the small fixed wing single engine aircraft when they crashed upwind.
The Cessna landed uneventfully, while the Lancair impacted terrain near an airport runway and ignited. Police have not yet released details about the victims.
In uncontrolled fields, pilots use a traffic advisory frequency to announce their position to other pilots in the area. The pilot-in-command is responsible for maintaining safe separation from other aircraft.
A ****** has occurred at Marana Regional Airport Wednesday morning (Fox10)
Additionally, pilots are required to comply with Federal Aviation Administration regulations, including minimum visibilities, minimum safety altitudes and right-of-way rules.
The FAA and National Transportation Safety Board are probing the incident, with the NTSB leading the investigation, a spokesperson said, adding an investigator is due to arrive Thursday morning.
The Marana Police Department also responded to the ******. The Independent has contacted the police department for more information.
Marana is 15 miles northwest of Tucson in Pima County.
US cities have experienced a series of fatal aviation accidents within the last month. Most recently in Arizona, a pilot identified as 78-year-old Joie Vitosky died on a private jet owned by Mötley Crüe frontman Vince Neil. The plane veered off a Scottsdale runway and hit a business jet.
In late January, an Army ****** Hawk helicopter and an American Eagle regional jet collided over the Potomac River near Washington D.C., killing all 67 people on both aircraft. There were 64 passengers and crew on board the commercial flight and three soldiers in the helicopter.
Law enforcement at the site of a deadly plane ****** at Marana Regional Airport on Wednesday (KNXV/AP)
Two days later, a medevac jet crashed in a Philadelphia neighborhood killing all six people on board and a man who was in his car when the plane struck. The aircraft had been transporting an 11-year-old girl and her mother after the child received treatment at a city hospital.
The mother and daughter were on their way home to Mexico.
The Marana ****** comes two days after a Delta Airlines plane ******-landed at Toronto Pearson International Airport. Everyone on board survived the incident.
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Eric Adams Live Updates: Hearing Ends Without Judge Deciding Whether to Drop Corruption Case – The New York Times
Eric Adams Live Updates: Hearing Ends Without Judge Deciding Whether to Drop Corruption Case – The New York Times
Eric Adams Live Updates: Hearing Ends Without Judge Deciding Whether to Drop Corruption Case The New York TimesJudge questions DOJ over Eric Adams case dismissal request, reserves ruling CNBCEric Adams gets surprise GOP ally in Congress as rumors swirl Gov. Hochul could oust him Fox NewsPA Williams: ‘Quite clear’ Adams ‘can’t govern’ Spectrum News NY1
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Avowed – Full Emerald Stair Map And Points Of Interest
Avowed – Full Emerald Stair Map And Points Of Interest
After the story events unravel in Dawnshore, you’ll make your way to the Emerald Stair map in Avowed. The ambassador has heard that the Dreamscourge has started to take over the region and he wants you to investigate what’s going on in the main city of Fior mes Iverno. You’re able to travel to Emerald Stair through a gate and arrive to a map that’s fully covered with fog, exactly how Dawnshore was when you firs started the game.
While it’s exciting to uncover a new map, it can also be a little overwhelming, as you’re not sure where to go. Fortunately, we took the time to completely uncover Emerald Stair’s map so you know everything it has to offer in Avowed.
Full Emerald Stair Map in Avowed
Compared to Dawnshore, Emerald Stair is a much more open map that’s not as full of buildings and dedicated roads to follow. While there are still roads and plenty of locations to visit, you’ll find more room to roam in the animancer paradise. Emerald Stair has a total of six large regions, including Fior mes Iverno, and they are as follows:
Fior mes Iverno
Maxim’s Claim
Rolling Crags
The Wildwoods
The Delemgan Glade
Grim Wetlands
You’ll find a majority of the map’s distinct regions in the bottom half of the map, but there are still sights to see in the northern parts of the map as well. Below, you can see full images of the Emerald Stair fully uncovered in Avowed:
Northern Emerald Stair map in Avowed
Southern Emerald Stair map in Avowed
As you can see, Fior mes Iverno as a whole is covered. When you enter the hub city, you can bring up a dedicated map showcasing its unique shops and areas. Then, when you exit the city, you’ll see the normal Emerald Stair map again.
Emerald Stair Key Points of Interest
While Emerald Stair isn’t quite as large as Dawnshore, it still has plenty to offer. As always, there are treasure maps to find and follow as well as the Totem of Defiance pieces to gather. There’s also a total of 15 fast travel beacons and nine Party Camps, so you have no shortage of ways to get around the map.
You can see a full accounting of other major points of interest in Emerald Stair below:
Strangled Adra
Directly to the north of Tama’s Cabin and to the northeast The Delemgan Glade. You have to climb a small cliff to reach the Adra, which is sitting at the top of the cliff.
The Voice
The Voice’s Memory is located right near the Ranger Outpost area just to the south of The Wildwoods. It’s also near a fast travel beacon and not too difficult to reach.
Pargrun Cache
The Emerald Stair Pargrun Cache is located to the west of The Wildwoods and south of The Delemgan Glade. It’s tucked away near the western edge of the map in the middle of a forest.
Treasure Maps
Mapping the Living Lands Cartographer
And that wraps up all the major points of interest in Emerald Stair. It’s arguably the most beautiful map in Avowed, so try and soak up the beauty as you’re dodging mushrooms, delemgans, and other dangerous enemies.
Obsidian is no stranger to crafting compelling RPGs. For more help on the team’s latest effort, use our Avowed guides hub.
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Jonathan Reynolds faces calls to resign over solicitor CV claim
Jonathan Reynolds faces calls to resign over solicitor CV claim
Joshua Nevett
Political reporter
PA Media
Business Secretary Jonathan Reynolds is facing calls to resign after he was accused of falsely claiming to be a solicitor on his online CV.
Reynolds has previously said he worked as a solicitor at a law firm in Manchester before becoming an MP but he had quit his legal training to run for Parliament in 2010 and never qualified.
The Conservatives and Reform *** have both called for Reynolds to step down from him cabinet role.
The cabinet minister had been described as a solicitor on his LinkedIn profile but the BBC has been told this was an an “administrative error” that has been corrected.
The updated profile says Reynolds was a “******** solicitor” at the Manchester branch of the Addleshaw Goddard law firm between August 2009 and May 2010.
It previously stated he was both a “******** solicitor” and a “solicitor”.
Shadow business secretary Andrew Griffith said he had written to the prime minister’s ethics adviser, asking him to investigate the claims.
Griffith urged Reynolds to “apologise and step down”, writing that he “appears to have knowingly mislead the public”.
Reform *** has also called on Prime Minister Sir Keir Starmer to sack the business secretary.
The party led by Nigel Farage suggested Reynolds had “misled Parliament” in 2014, when he told the House of Commons he had “worked as a solicitor in Manchester city centre”.
On other occasions Reynolds has described himself as a ******** solicitor at the firm.
Qualified solicitors are required to register with Solicitors Regulation Authority (SRA) to practice law in England and Wales.
The BBC understands the SRA contacted Reynolds in January in relation to an error on his LinkedIn profile.
The SRA clarified the rules and the business secretary then corrected what has been described as an “administrative error”.
An SRA spokesperson said: “Our regulatory role is to protect the interests of users of legal services.
“We are aware of this issue, however having considered all factors involved, there is no need for us to take any action.”
Labour sources have suggested Reynolds does not manage the LinkedIn profile.
Home Office minister Dame Diana Johnson told Times Radio there were “mistakes made by administrative staff”.
She said “there was a bit of a muddle” on LinkedIn.
She added: “But I think he’s been very clear he was a ******** solicitor, that’s the position he held.”
The change to Reynolds’s LinkedIn profile was first reported by the Guido Fawkes website.
It comes after a BBC investigation found Chancellor Rachel Reeves had exaggerated the length of time she worked at the Bank of England on her online CV.
A spokesman for Reeves confirmed that dates on her LinkedIn were inaccurate and said it was due to an administrative error by the team.
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Young family among bodies to be handed back to Israel
Young family among bodies to be handed back to Israel
Israel has confirmed the “heartbreaking” news that the bodies of two of the youngest hostages and their mother are being returned by ****** from Gaza.
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Historic ocean liner departs Philadelphia on voyage to become the world’s largest artificial reef
Historic ocean liner departs Philadelphia on voyage to become the world’s largest artificial reef
The historic, aging ocean liner that a Florida county plans to turn into the world’s largest artificial reef departed from south Philadelphia’s Delaware River waterfront on Wednesday, marking the opening segment of its final voyage.
The SS United States, a 1,000-foot vessel that shattered the transatlantic speed record on its maiden voyage in 1952, is being towed to Mobile, Alabama, for planned prep work before officials eventually sink it off Florida’s Gulf Coast.
The move comes about four months after the conservancy that oversees the ship and its landlord resolved a years-old rent dispute. Officials initially planned to move the vessel last November, but that was delayed due to concerns from the U.S. Coast Guard that the ship wasn’t stable enough to make the trip.
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Officials in Okaloosa County on Florida’s coastal Panhandle hope it will become a barnacle-encrusted standout among the county’s more than 500 artificial reefs and a signature diving attraction that could generate millions of dollars annually in local tourism spending for scuba shops, charter fishing boats and hotels.
Officials have said the deal to buy the ship could eventually cost more than $10 million. The lengthy process of cleaning, transporting and sinking the vessel is expected to take at least one-and-a-half years.
The SS United States was once considered a beacon of American engineering, doubling as a military vessel that could carry thousands of troops. Its maiden voyage broke the transatlantic speed record in both directions when it reached an average speed of 36 knots, or just over 41 mph (66 kph), The Associated Press reported from aboard the ship. The ship crossed the Atlantic Ocean in three days, 10 hours and 40 minutes, besting the RMS Queen Mary’s time by 10 hours. To this day, the SS United States holds the transatlantic speed record for an ocean liner.
“The ship will forever symbolize our nation’s strength, innovation, and resilience,” said Susan Gibbs, president of the SS United States Conservancy and granddaughter of the naval architect who designed the vessel. “We wish her ‘fair winds and following seas’ on her historic journey to her new home.”
The SS United States became a reserve ship in 1969 and later bounced to various private owners who hoped to redevelop it. But they eventually found their plans too expensive or poorly timed, leaving the vessel looming for years on south Philadelphia’s Delaware River waterfront.
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The Last of Us season 2 premieres on HBO and Max on April 13
The Last of Us season 2 premieres on HBO and Max on April 13
The second season of The Last of Us now has a firm premiere date. HBO has announced that its adaptation of Naughty Dog’s games will hit the network and Max on April 13. “Five years after the events of the first season, Joel and Ellie are drawn into conflict with each other and a world even more dangerous and unpredictable than the one they left behind,” HBO said in a press release. Ominous!
Warner Bros. Discovery had already confirmed that the latest batch of episodes would arrive this April, in large part to make sure that the season is eligible for next year’s ********** Emmy Awards. Given that the third season of The White Lotus premiered this week, a mid-April start date makes sense for TLOU. There are only seven episodes this time around in any case, and they’ll all air before the Emmy eligibility window closes on May 31.
The second season of the series is based on The Last of Us Part 2, but it won’t take us through all of the events of the second game. It’ll take at least two seasons to retell the story of that terrific, if overly lengthy misery simulator.
In the meantime, if you haven’t played the sequel yet, you’ll soon be able to do just that on PC. The Last of Us Part II Remastered will hit Steam and the Epic Games Store on April 3. Meanwhile, the game’s developer, Naughty Dog, recently revealed its tasty-looking first entry in a brand-new sci-fi franchise.
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AI startup Baseten raises $75 million following DeepSeek’s emergence
AI startup Baseten raises $75 million following DeepSeek’s emergence
Baseten, a startup that runs artificial intelligence models for clients on their cloud infrastructure, has raised $75 million in funding, the company said Wednesday.
The funding round values Baseten at $825 million and demonstrates that venture capitalists believe tech’s AI ***** stands to benefit a plethora of startups, not just those building large language models. In recent months, OpenAI, Anthropic and xAI have raised billions in funding, with much of the money going toward servers containing Nvidia graphics processing units, or GPUs.
After companies finish training AI models on reams of data, they need to deploy those models somewhere at the inference stage, which is when models generate outputs in response to user queries. That’s when Baseten comes in.
Rather than run its own data centers, Baseten runs its software on data center equipment from cloud providers, including Amazon and Google. Customers can supply their own infrastructure with an enterprise tier. By drawing from multiple providers, Baseten offers access to more GPUs than a single cloud’s current supply.
“In this market, your No. 1 differentiation is how fast you can move. That is the core benefit for our customers,” co-founder and CEO Tuhin Srivastava said. “You can go to production without worrying about reliability, security and performance.”
Companies can manage the deployment of their models without Baseten, but securing enough Nvidia chips in the right geographical areas can prove difficult, co-founder Amir Haghighat told CNBC.
Cloud providers sometimes inform customers that some GPUs will be moved into maintenance mode and become unavailable within minutes. Baseten helps its clients handle those instances without interruptions, Srivastava said.
After the January breakthrough of ******** AI lab DeepSeek, which claimed its models were trained for a fraction of the costs as its U.S. counterparts, efficiency in AI has become more important than ever.
Baseten was quick to add support for DeepSeek’s R1 reasoning model that compares to OpenAI’s o1. Baseten’s website promises top-tier performance at a fraction of OpenAI’s cost. There has been a lot of inbound from organizations looking at switching to DeepSeek, and Baseten has been busy trying to keep up, Srivastava said.
“There are a lot of people paying millions of dollars per quarter to OpenAI and Anthropic that are thinking, ‘How can I save money?'” he said. “And they’ve flocked.”
Baseten clients often see their inference costs fall 40% or more, while receiving better performance, in comparison with homegrown architectures, head of marketing Mike Bilodeau wrote in an email.
The startup’s revenue for the fiscal year that ended in January was six times more than it was in the prior year, Srivastava said, without providing a dollar figure.
Founded in 2019 and based in San Francisco, Baseten has about 60 employees. Existing investors IVP and Spark Capital led the new round, with others participating. More than 100 enterprises are customers, along with hundreds of smaller companies, such as Descript, Patreon and Writer.
Competitors include Salesforce-backed Together AI. Another challenge is that Baseten must compete with AI model companies and hedge funds for talent.
“Having more money in somewhat of a weird economic environment, it does not hurt,” Srivastava said.
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170 Migrants Deported From U.S. Agree to Return to Home Countries, Panama Says
170 Migrants Deported From U.S. Agree to Return to Home Countries, Panama Says
Nearly a week after the United States sent roughly 300 migrants from around the world to Panama on military deportation flights, officials in Panama said on Tuesday that more than 170 had agreed to be deported to their countries of origin.
The migrants are ******** U.S. border crossers whose countries of origin — mainly in Asia, the Middle East and Africa — either do not accept deportation flights or take them sparingly. The Trump administration has been pressing countries in Latin America to accept those migrants as it steps up deportations amid a crackdown on unauthorized immigration. To date, only Panama and Costa Rica are known to have accepted such migrants.
In Panama, the migrants have been locked in a soaring, glass-paneled downtown hotel, the Decapolis Hotel Panama. Reporters from The New York Times managed to speak to several people there — including some from Iran and China — who said they had left their countries for the United States because their lives were in danger.
Around 150 migrants who had not agreed to be deported would be relocated from the hotel to a camp near the jungle known as the Darién Gap, according to Panama’s security minister, Frank Ábrego. He said at a news conference on Tuesday that the migrants would remain at the camp, San Vicente, until they were offered asylum in a third country “where they felt safe.”
Mr. Ábrego said that no one had applied for asylum in Panama.
Panamanian authorities have not permitted the deportees to leave the hotel, and a lawyer seeking to represent several migrants, Jenny Soto Fernández, told The Times that officials had blocked her from entering the building at least four times.
In an interview, Ms. Soto said that several migrants from Iran had asked for her help in applying for refugee status in Panama. “I have all the legal documents ready,” she said, adding that she was “still not able to get to” the people.
Mr. Ábrego said at the news conference that his government was keeping the migrants in the hotel in an effort to “guarantee security and peace for Panamanian citizens.”
Last week, Panama’s deputy foreign minister, Carlos Ruiz-Hernández, described the migrants as “having no criminal records.”
Mr. Ábrego said that, of the more than 170 migrants who had signed orders authorizing their deportation, around 20 were expected to depart for their home countries in the next week. He said one deportee in the group, from Ireland, had already returned home.
Questions at Tuesday’s news conference focused largely on the accounts of migrants in the hotel that were gathered by The Times.
Asked by reporters about a deportee’s suicide attempt, which was recounted to Times reporters by several people, Mr. Ábrego said he had no prior knowledge of it. He said a migrant who was said to have broken a leg trying to escape from the hotel had twisted an ankle on a staircase.
Mr. Ábrego repeatedly pointed to the United Nations agencies that are charged with responding to the needs of the migrants deported to Panama under Panama’s agreements with the United States: the International Organization for Migration, or I.O.M., and U.N.H.C.R., or the United Nations High Commissioner for Refugees, also known as the U.N. Refugee Agency.
The security minister said the deportees were only in temporary custody of Panamanian officials. “Custody sounds bad,” he said. “They’re under our protection.”
Annie Correal reported from Mexico City and Julie Turkewitz from Bogotá, Colombia. Alex E. Hernández contributed reporting from Panama City.
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Video: Nearly 100 beached whales in Tasmania euthanized after rescue attempts fail – USA TODAY
Video: Nearly 100 beached whales in Tasmania euthanized after rescue attempts fail – USA TODAY
Video: Nearly 100 beached whales in Tasmania euthanized after rescue attempts fail USA TODAY90 whales stranded on *********** beach to be euthanized after failed rescue bid CNNDozens of false killer whales stranded in Australia to be euthanised Al Jazeera English
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Brigginshaw questions timing of Jillaroos coaching call
Brigginshaw questions timing of Jillaroos coaching call
Ali Brigginshaw has questioned whether the time was right for Australia to split with coach Brad Donald only weeks from a historic clash in Las Vegas.
But the co-captain has endorsed Jess Skinner, Donald’s interim replacement, to take his job into the 2026 Rugby League World Cup.
AAP reported in January that Donald’s future was under threat amid an NRL investigation into a disparaging comment he made about a journalist in front of players.
Donald had also raised eyebrows with his decision to omit Dally M Medallist Olivia Kernick from his squad for an admittedly successful Pacific Championships campaign.
The Jillaroos confirmed this month that long-time assistant Skinner would replace Donald during the NRL’s second trip to Las Vegas, where the Jillaroos face England in a rare one-off Test match.
After more than eight years as coach, Brigginshaw felt there was always going to come a time when Donald passed the baton.
“I don’t think it was necessarily right now. He was prepping the team for 2026 (and the World Cup),” Brigginshaw told AAP.
“We had three assistant coaches alongside him. Yes, he was the head coach, but I don’t think he was pulling all the strings.
“He was making sure the program was going to have the right people take over when he did stand down.
“I don’t necessarily think it was the right time.”
Donald won the 2017 and 2022 World Cups with the Jillaroos, helping oversee the game’s transition from amateur to professional status.
He was particularly tight with the older contingent of the playing group, some of whom he began coaching before the NRLW’s inception in 2018.
“I know he’ll still be watching every single game we play,” Brigginshaw said.
“His full support is behind the team. We’ll stay friends, obviously.”
Skinner has built an impressive coaching resume, most recently guiding the Indigenous All Stars to a 20-18 defeat of the Maori counterparts last Saturday.
She has also worked as assistant coach at Newcastle, and presided over Australia’s big Prime Minister’s XIII win against Papua New Guinea last year.
“She’s got plenty of credentials and plenty of games under her belt now, so I’d love to see her take the reins,” Brigginshaw said.
“It’s going to be pretty much the same players going into 2026, so I’d love to see a lot of those staff be able to be a part of that. I think it’s really important to keep core people in a Test team.
“I just love her calmness and her care for the players, she genuinely cares about every single player. She wants the best for everyone.”
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Firings Expand at Interior Department With Purge of Probationary Workers
Firings Expand at Interior Department With Purge of Probationary Workers
The Trump administration fired about 1,300 additional employees at the Interior Department over the holiday weekend, according to two people familiar with the matter, adding to the widespread purge of thousands of federal workers with probationary status that began last week.
The Trump administration had also fired about 1,000 employees at the National Park Service, according to workers groups, bringing the total number of layoffs at the Interior Department to roughly 2,300.
The firings affected many agencies that oversee public lands controlled by the federal government and are managed by the Interior Department.
Some of those agencies focus on areas that President Trump has made policy priorities. Mr. Trump said last week that he had directed Doug Burgum, the interior secretary, to undo a Biden-era ban on offshore drilling, and he has in recent weeks fixated on water supply issues that plagued the response to recent wildfires in California.
Among those fired over the weekend were workers at the Bureau of Reclamation, which manages water resources in parched western states, and the Bureau of Ocean Energy Management, which has long overseen offshore drilling, and, more recently, offshore wind farms.
The cuts also included people from the Fish and Wildlife Service, and the Bureau of Land Management, which oversees the conservation and use of public land.
The cuts included about 240 people from the U.S. Geological Survey, which monitors natural hazards like volcanoes and earthquakes but is also one of the nation’s premier agencies for climate research.
“U.S.G.S. touches American lives everyday, they just don’t know it, because so much of it is operating in the background,” said Mark Sogge, a former research ecologist with the U.S. Geological Survey. For example, Mr. Sogge said that the agency operates a national stream gauge system that alerts communities to floods and affects water deliveries to cities and farms.
“The things we’ve seen with floods in North Carolina — this is the alert system for that,” he said. “And maintaining this system is just the kind of thing that these new, young probationary people are doing.”
The Interior Department’s press office did not respond on Tuesday afternoon to emailed requests for comment.
Firings of probationary workers continued to cascade through the government on Tuesday. More than 10 percent of the work force at the National Science Foundation, an independent agency that supports cutting-edge scientific research, were laid off adding to the widespread purge of federal workers with probationary status that began last week.
Michael England, a spokesman for the foundation, said in a statement that the agency fired 168 probationary employees, and that it “had approximately 1,450 career employees prior to the cuts.”
But two N.S.F. employees with knowledge of the matter disputed that all those fired on Tuesday were on probation. The employees, who spoke on condition of anonymity out of fear of retaliation, said that only about half of the layoffs were of probationary staff, and the other half affected more senior specialists with deep levels of expertise in areas like engineering, biology, computer science, geology and chemistry. When asked about the dispute, Mr. England said in an email he had no further comment.
The Trump administration ordered agencies last week to terminate most of an estimated 200,000 government workers on probation, and mass firings began to cascade through the government, with some departments laying off more than a thousand employees at a time. Other agencies, including the Internal Revenue Service and the Defense Department, are preparing to lay off potentially thousands of employees this week.
Workers on probation do not receive the same protections that many other federal employees have. Probationary periods tend to last a year, but they can be longer for certain positions.
Over the weekend, cuts targeting scientists and public health officials rattled through the civil service. An estimated 1,200 employees at the National Institutes of Health, the nation’s premier biomedical research agency, have already been dismissed. Employees at the N.S.F. were told earlier this month to expect a total reduction in its work force of 25 to 50 percent, according to a person familiar with the matter who spoke on the condition of anonymity because they were not authorized to discuss the plans publicly.
The N.S.F. and the N.I.H. are the two cornerstones of public research funding in the United States. The N.S.F. focuses on nonmedical scientific research, supporting advanced research on quantum computing, artificial intelligence, observation of outer space, and the creation of new advanced materials used in electronics.
The list of scientific breakthroughs accomplished with N.S.F. funding is expansive, but the foundation has supported the development of inventions like the internet, smartphones, M.R.I. scanning, LASIK eye surgery, 3-D printing, kidney transplants, lithium-ion batteries, radar, LED lights and even the language learning app Duolingo.
Staff at the Food and Drug Administration’s food science lab were scrambling to keep experiments moving forward on Tuesday after about 50 staff were let go over the weekend with no plan to hand off studies, according to a person familiar with the work.
Some of those tests were bulletproofing methods that inspectors use when they inspect food processing facilities and probe for bacteria like salmonella and E. coli. Other tests were looking at heavy metal in infant formula or contaminants in seafood. Staff were poring over data — in a somber atmosphere — trying to be sure the work could move forward. The division’s chief resigned over the weekend, citing “indiscriminate” staff cuts that would make it “fruitless for him to continue.”
William Ratcliff, an evolutionary biologist and professor at the Georgia Institute of Technology, said on social media he was left reeling from the cuts at the N.S.F., adding that a friend and colleague was among those who were fired on Tuesday.
“A close friend and colleague, who was an outstanding P.O. and absolute asset to the evolutionary biology community, was just fired,” he wrote. “This is simply because he COULD be,” as a probationary employee after a job change.
Christina Jewett contributed reporting.
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Palantir shares plunge on news of Pentagon budget cuts order
Palantir shares plunge on news of Pentagon budget cuts order
Palantir co-founder & CEO Alex Karp attends meetings at the U.S. Capitol in Washington, U.S., October 18, 2023.
Jonathan Ernst | Reuters
The share price of Palantir fell by as much as 12% on Wednesday after a report that the Pentagon has been ordered to prepare to cut the U.S. defense budget by 8% each year for the next five years.
Palantir is best known for its contracting work providing software and technology services for defense agencies.
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Rep. Jasmine Crockett tells “The View” a congressional staffer made ‘threatening’ call betting money on fight with Nancy Mace
Rep. Jasmine Crockett tells “The View” a congressional staffer made ‘threatening’ call betting money on fight with Nancy Mace
Rep. Jasmine Crockett told The View cohosts that her highly publicized clash with Rep. Nancy Mace — which occurred at a January House hearing and included Mace suggesting that the pair should take the fight “outside” — led to a “threatening” phone call from a congressional staffer.
“I’m sure when she said that she as just offering to go for coffee or something,” cohost Sara Haines joked Wednesday during Rep. Crockett’s appearance, which also included a recollection of an alleged phone call the Texas politician reportedly received in the aftermath.
“Obviously, we get tons of calls from lots of haters all the time, but there was actually someone who works for another sitting member of congress that called from that congressional office to our office to try to basically say, ‘Yeah, I want to put money on this, I want them to go outside,'” Rep. Crockett said. “That is completely inappropriate.”
Related: Whoopi Goldberg warns The View cohosts of impending danger after she trashed set with ripped paper: ‘I threw papers up’
Panelist Sunny Hostin called it “threatening” — an assessment Crockett agreed with.
“It is threatening, and I don’t care what side of the aisle you come from, but it should never be okay for a staffer — and it wasn’t okay for [Mace], either,” Crockett continued. “We’re living in a time when, yeah, people on the outside are following their lead, but instead of Nancy Mace challenging me to go outside to fight, what she should be fighting for is a better economy — especially those in South Carolina that are about to feel it.”
ABC
Jasmine Crockett with ‘The View’ cohosts
Crockett and Mace previously verbally sparred at the House hearing, with Mace exploding after Crockett used a colloquialism that Mace received as if Crockett called her a “child.”
In January, Joy Behar quipped on the talk show that the exchange sounded “like The View sometimes.”
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Moderator Whoopi Goldberg added: “I don’t know whether she doesn’t realize that when we’re talking to people, I say, ‘Look, girl, chile,’ whatever. She has a difficult time recognizing [that].”
Crockett first revealed that she received the phone call in January, right after her exchange with Mace.
Entertainment Weekly has reached out to representatives for Rep. Crockett and Rep. Mace for comment.
The View airs weekdays at 11 a.m. ET/10 a.m. PT on ABC.
Read the original article on Entertainment Weekly
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Trump Administration Moves to Fast-Track Hundreds of Fossil Fuel Projects
Trump Administration Moves to Fast-Track Hundreds of Fossil Fuel Projects
The U.S. Army Corps of Engineers has created a new class of “emergency” permits for fossil fuel projects, raising the possibility that pipelines, mines, power plants and other facilities could be fast-tracked for approval as part of President Trump’s demand to increase oil, gas and coal production.
The move could reduce the opportunities for the public and local officials to weigh in on the effects of proposed projects. It may even short-circuit the National Environmental Policy Act, a 55-year-old law that requires federal agencies to analyze the environmental effects of major projects before they are built. That process can take months or even years, depending on the project’s complexity.
“The Trump administration appears to be gearing up to use false claims of an ‘energy emergency’ to fast-track and rubber-stamp federal approvals for projects across the country that will be destructive to America’s wetlands, waterways and communities,” said David Bookbinder, the director of law and policy at the Environmental Integrity Project, a watchdog group.
Any individual, company or federal or state agency that wants to build a project in navigable waters of the United States, or discharge anything into those waters or wetlands, needs a permit from the Army Corps of Engineers.
For decades, the Corps granted emergency permits to quickly repair roads, shipping channels and other facilities that have been destroyed by a hurricane or other calamity. In those cases, lives and property were at stake.
But in recent days, the agency has made hundreds of energy projects eligible for expedited decisions, citing an executive order signed by Mr. Trump that declared that the United States faced an energy emergency. Mr. Trump directed the agency to draw up a list of key projects and ordered it to “use, to the fullest extent possible and consistent with applicable law, the emergency Army Corps permitting provisions to facilitate the nation’s energy supply.”
The United States is producing more oil than any other nation in history, and is also the world’s biggest exporter of natural gas. But Mr. Trump campaigned on a promise to make it even easier and cheaper for companies to produce more fossil fuels, the burning of which is dangerously heating the planet.
Mr. Trump said he would expedite permits for anyone investing more than $1 billion in energy projects or other infrastructure in the United States and slash the red tape that has long stymied big construction projects.
Projects that are now getting priority from the Army Corps include some disputed oil and gas facilities. One has to do with Line 5, an oil and gas pipeline that crosses 645 miles of Wisconsin and Michigan, and calls for boring a tunnel under the Straits of Mackinac between Lake Michigan and Lake Huron. Another is a gas liquefaction and export facility in Louisiana being built by Venture Capital L.L.C., which would be adjacent to a proposed gas export terminal that would be the largest in the United States. A third is a proposed deepwater crude oil export terminal off the coasts of Texas and Louisiana. The list also includes solar energy projects and the construction of transmission lines across waterways.
The Army Corps did not explain how the projects had been selected or how the new “energy emergency” permitting category would allow projects to move ahead more quickly.
“The Department of Defense will fully execute and implement all directives outlined in the executive orders issued by the president, ensuring that they are carried out with the utmost professionalism, efficiency, and in alignment with national security objectives,” Doug Garman, a spokesman for the agency, said in a statement.
Lawyers familiar with the process said that based on previous emergency permit applications, the agency could reduce or even eliminate opportunities for the public to comment on certain projects or reduce the amount of time that engineers at the agency have to analyze environmental threats posed by a project and propose changes.
Mr. Bookbinder noted that Army Corps policies define an “emergency” as a situation that could result in an unacceptable hazard to life, a significant loss of property or an immediate, unforeseen and significant economic hardship.
“This end run around the normal environmental review process is not only harmful for our waters, but is ******** under the Corps’ own emergency permitting regulations,” he said.
Others disagreed. Ann D. Navaro, a partner at Bracewell, a law firm that advises energy clients, said the Corps had the discretion to determine what would be covered under its emergency regulations, as well as to try to make the permitting process more efficient.
“I expect the regulated community will welcome any procedures the Corps will develop that would make the processing of energy permits more efficient,” she said.
The fact that a project is listed for emergency permit consideration does not automatically mean it will be granted, but nationwide the Corps denies fewer than 1 percent of applications, according to the agency.
Line 5 is a 72-year-old pipeline that runs from Wisconsin to Canada and transports up to 540,000 barrels of crude oil and natural gas liquids a day, crossing Lake Michigan and Lake Huron. There have been growing concerns about the risk of leaks from the pipeline, which has been damaged by strikes from ships, particularly in the environmentally sensitive area in the Straits of Mackinac.
Enbridge, the ********* company that owns the pipeline, wants to replace a section of Line 5 with a concrete tunnel running four miles under the Mackinac Straits. It has said that would make the project safer. The state of Michigan wants to shut down the pipeline, saying that a 1953 easement for the pipeline’s operation violated the state’s public trust doctrine. It is locked in a court battle with Enbridge.
Ryan Duffy, a spokesman for Enbridge, noted in a statement that the company had applied for a permit from the Corps for the concrete tunnel in April 2020. “After nearly five years, the project still awaits action by the U.S. Army Corps of Engineers on an environmental-impact statement and a permitting decision,” he said.
Opponents of Line 5 argue that running a hazardous liquids pipeline through a confined underground tunnel has not been tried elsewhere and risks explosions. They want to the Corps to conduct a thorough environmental review.
“If this is pushed through on an emergency permit, the implications of an oil spill if there’s an explosion or something during tunnel construction is that over 700 miles of Great Lakes shoreline could be at risk,” said Sean McBrearty, the Michigan policy director for Clean Water Action, an environmental group.
In Louisiana, Matt Rota is the senior policy director for Healthy Gulf, an environmental group that is opposed to a proposed deepwater oil and gas terminal known as Blue Marlin in the Gulf of Mexico, which Mr. Trump has renamed the Gulf of America. Mr. Rota said the development could destroy more than 100 acres of wetlands.
“Even though we don’t know exactly what this expedited process is going to look like, one can assume that means we are going to be fast-tracking environmental reviews,” Mr. Rota said, adding, “That is unacceptable for a coast in Louisiana that loses a football field of wetlands every hour.”
Energy Transfer, the company behind the project, did not respond to request for comment.
Some of the projects that the Corps has flagged as needed because of an energy emergency do not appear to address energy at all. They include a proposed housing development called West Coyote Hills in Orange County, Calif., to be built on what was once a Chevron oil field.
Then there’s the Rock & Roll Hall of Fame in Cleveland. Its project before the Corps does involve energy — a proposed geothermal system to heat and cool the museum’s expansion.
The Corps did not explain why that project is considered necessary because of a national emergency. The Rock & Roll Hall of Fame did not respond to a request for comment.
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Microsoft reveals its first quantum computing chip, the Majorana 1
Microsoft reveals its first quantum computing chip, the Majorana 1
Microsoft on Wednesday announced Majorana 1, its first quantum computing chip.
The achievement comes after the company has spent nearly two decades of research in the field.
Technologists believe quantum computers could one day efficiently solve problems that would be taxing if not impossible for classical computers. Today’s computers use bits that can be either on or off while quantum computers employ quantum bits, or qubits, that can operate in both states simultaneously.
Google and IBM have also developed quantum processors, as have smaller companies IonQ and Rigetti Computing. Microsoft’s quantum chip employs eight topological qubits using indium arsenide, which is a semiconductor, and aluminum, which is a superconductor. A new paper in the journal Nature describes the chip in detail.
Microsoft won’t be allowing clients to use its Majorana 1 chip through the company’s Azure public cloud, as it plans to do with its custom artificial intelligence chip, Maia 100. Instead, Majorana 1 is a step toward a goal of a million qubits on a chip, following extensive physics research.
Rather than rely on Taiwan Semiconductor or another company for fabrication, Microsoft is manufacturing the components of Majorana 1 itself in the U.S. That’s possible because the work is unfolding at a small scale.
“We want to get to a few hundred qubits before we start talking about commercial reliability,” Jason Zander, a Microsoft executive vice president, told CNBC.
In the meantime, the company will engage with national laboratories and universities on research using Majorana 1.
Despite the focus on research, investors are fascinated by quantum.
IonQ shares went up 237% in 2024, and Rigetti gained nearly 1,500%. The two generated a combined $14.8 million in third-quarter revenue. Further gains came in January, after Microsoft issued a blog post declaring that 2025 is “the year to become quantum-ready.”
Microsoft’s Azure Quantum cloud service, which lets developers experiment with programs and algorithms, offers access to chips from IonQ and Rigetti. It’s possible that a Microsoft quantum chip might become available through Azure before 2030, Zander said.
“There’s a lot of speculation that we’re decades off from this,” he said. “We believe it’s more like years.”
Rather than exist as a stand-alone category, quantum computing might end up boosting other parts of Microsoft. For example, there’s Microsoft’s AI business, which has an annualized revenue run rate that exceeds $13 billion. Quantum computers could be used to build data used to train AI models, Zander said.
“Now you can ask it to invent some new molecule, invent some new drug, something that really would have been impossible to do before,” Zander said.
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Trump backs House budget plan, says approach implements 'America First Agenda' – WJLA
Trump backs House budget plan, says approach implements 'America First Agenda' – WJLA
Trump backs House budget plan, says approach implements ‘America First Agenda’ WJLAHere’s What to Know About Congressional Republicans’ Budget Plans The New York TimesThune surprised by Trump backing House bill: ‘Did not see that one coming’ The HillTrump endorses House budget plan NBC4 WCMH-TV
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