Zotac is readying AMD Strix Halo powered mini-PCs for Computex
Zotac is readying AMD Strix Halo powered mini-PCs for Computex
Zotac is preparing to launch new mini-PC offerings at Computex next week, featuring AMD’s beastly Strix Halo APUs and desktop Blackwell GPUs from Nvidia. So far, the company has showcased two designs with Nvidia hardware, featuring the desktop RTX 5060 Ti and the RTX 5070, and one AMD-based design with a Ryzen AI MAX CPU. Details on exact specifications and pricing have not been shared, but we’ll hear more from the team at Taipei in just a few days.
Under its ZBOX Mini PC offerings, Zotac’s Magnus-E lineup features compact yet powerful mini-PCs targeted at enthusiasts and content creators. The latest Strix Halo addition should extend their appeal to AI/ML developers as well. The upcoming Magnus One is equipped with an 8.48-liter chassis, housing a desktop RTX 5070 Ti 16GB along with a Core Ultra 7 processor from Intel, potentially from the Core Ultra 200S series.
The Magnus EN follows with a compact 2.65-liter design, home to the RTX 5060 Ti 16GB (desktop). This is accompanied by a mobile Core Ultra 7 processor, which can either be the Core Ultra 7 265H or its HX counterpart. With Arrow Lake, the distinction between Intel’s H and HX grade processors goes beyond TDP and core counts. Arrow Lake-H features rebadged SoC Tiles from Meteor Lake, which can potentially offset performance gains, as shown in a previous review.
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(Image credit: Zotac)
(Image credit: Zotac)
The AMD-special Magnus EA uses a similar 2.65-liter enclosure, said to feature an AMD Ryzen AI Max processor. It is important to note that AMD offers several configurations of its Strix Halo offerings, with AIBs free to offer up to 128GB of unified memory. While the precise model hasn’t been specified, Zotac will likely put together a configuration with the Ryzen AI Max+ 395 and 128GB of memory. As such, we can expect to see these mini-PCs with as many as 16 cores / 32 threads based on Zen 5, and a powerful graphics engine with 40 RDNA 3.5 Compute Units, rivaling Nvidia’s RTX 4060 and RTX 4070 laptop GPUs.
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Dramatic details emerge after climber survives 400-foot fall that killed 3 friends in Washington state – CBS News
Dramatic details emerge after climber survives 400-foot fall that killed 3 friends in Washington state – CBS News
Dramatic details emerge after climber survives 400-foot fall that killed 3 friends in Washington state CBS News3 Climbers Die After Falling in North Cascades in Washington State The New York TimesFour US climbers fell 400ft down a ravine. One climbed out to drive to a payphone The Guardian3 climbers dead after falling off mountain while rappelling ABC News3 climbers die in fall in Washington state NBC News
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What to know about Menendez brothers’ case and when could they be released
What to know about Menendez brothers’ case and when could they be released
Getty Images
Erik and Lyle were aged 18 and 21 when they killed their parents
In 1989, brothers Lyle and Erik Menendez killed their parents by shooting them multiple times at close range at their mansion in Beverly Hills.
They were found guilty of first-degree ******* and conspiracy to ******* in 1996, and sentenced to life imprisonment without the possibility of parole.
On Tuesday, a Los Angeles judge reduced their sentence, making them eligible for parole.
There has been renewed public interest in the case after a new Netflix drama, Monsters: The Lyle and Erik Menendez Story, was released in September.
Why was there a hearing to resentence the brothers?
Last year, the previous district attorney of Los Angeles, George Gascón, requested a change to the brothers’ sentence from life without the possibility of parole to 50 years to life.
The hearing was put to Los Angeles County superior court Judge Michael Jesic on Tuesday who resentenced the brothers.
“I do believe they’ve done enough in the past 35 years that they should get that chance,” he said, concluding a day-long hearing.
The brothers are eligible for parole under California’s youthful offender law which allows individuals who committed crimes before the age of 26 to seek a reduced sentence.
The siblings were aged 18 and 21 at the time. They are now aged 54 and 57.
What happened at the hearing?
Watch: “Redemption is possible” – Family and attorney of Menendez brothers react to resentencing
During the hearing, family members and a former fellow inmate were among those who testified in support of the resentencing.
People who worked with the brothers in prison spoke about the educational courses they had completed and how they created a hospice initiative for the elderly and sick.
The district attorney’s office, which fiercely opposes a lower sentence, said the brothers have continued to “make excuses” for their conduct instead of taking full responsibility and were not rehabilitated.
The brothers spoke to the court via video and apologised for their actions.
They also spoke about their hopes of working with sex abuse victims and helping those incarcerated if they were given a second chance outside prison.
What happens next?
The California parole board will now decide whether to release the brothers from prison.
Separately, the state’s governor, Gavin Newsom, is considering a request from the brothers for clemency. If approved, it could lead to a reduced sentence or a pardon.
Governor Newsom requested that the parole board conduct a risk assessment that examines whether the brothers pose a risk to the general public if released.
The full report has not been released, but the district attorney said it indicated a “moderate risk of violence”.
The parole board hearing on the clemency petition is set to take place on 13 June.
It is unclear whether the board will also consider the possibility of parole based on Judge Jesic’s resentencing at the same hearing.
What did the Menendez brothers do?Getty Images
A jury found the brothers guilty of ******* in 1996
Lyle and Erik Menendez killed their parents, Jose and Kitty Menendez, on 20 August 1989 at their home in Beverly Hills.
Their father, a 45-year-old Hollywood executive, was shot six times with a shotgun the brothers had purchased days before the attack.
Their mother died after suffering 10 shotgun blasts to several parts of her body.
The brothers initially told police they found their parents dead when they arrived home.
They were arrested after the girlfriend of a psychologist that had been treating Erik Menendez went to police to say that he had physically threatened the doctor.
Why did the Menendez brothers kill their parents?
The brothers claimed they committed the murders in self defence after years of alleged physical, emotional and ******* abuse, although no ************ was ever proven in court.
They said they feared their father would kill them after they threatened to expose him.
However, prosecutors argued that the young men had killed their successful parents to inherit their multi-million-dollar estate.
What happened during the Menendez trial?
The brothers were taken into custody in 1990 and in 1993 they were tried for the murders, first individually, with one jury for each brother.
However, both juries were deadlocked in 1994, resulting in a mistrial, and the pair were later tried again together in 1995.
During their joint trial the judge excluded apparent evidence of abuse from their defence case. Taped sessions with a doctor, in which the killings were discussed, were ruled admissible in court by the judge.
A jury found them guilty and the pair were convicted of first-degree ******* and conspiracy to ******* in 1996.
The brothers, who were separated during their detention after a detective who investigated the slayings said they may conspire to escape if housed together, reunited in jail in 2018.
What impact has the Netflix drama had on the case?Netflix
Cooper Koch (left) and Nicholas Chavez played Erik and Lyle Menendez respectively in the 2024 Netflix series
The case was thrust back into the spotlight after Netflix released a drama series about the brothers in September.
Monsters: The Lyle and Erik Menendez Story, shot to the top of the platform’s streaming chart and was reported to have had 12.3 million views in its first weekend of release.
It explores what might have led the siblings to kill their parents and it presents the murders from different perspectives.
Its creators said the series was based on extensive research and it follows the events surrounding the murders.
It includes the brothers’ claims of abuse as well as showing things from the parents’ point of view.
The show introduced the case to a new generation and garnered attention from celebrities – including Kim Kardashian and Rosie O’Donnell – who called for the brothers to be released.
The series was a follow-up to the controversial first Monsters series about US serial killer Jeffrey *******.
What have the Menendez brothers said about the Netflix series?
Following its release, Erik Menendez shared a statement, released on X by his wife.
He said the show was “disheartening slander” and he “believed we had moved beyond the lies and ruinous character portrayals of Lyle”.
“It is sad for me to know that Netflix’s dishonest portrayal of the tragedies surrounding our crime have taken the painful truths several steps backward – back through time to an era when the prosecution built a narrative on a belief system that males were not ********* abused, and that males experienced ***** trauma differently than women,” he added.
Members of the family also spoke out and said the brothers had been “victimised by this grotesque shockadrama,” and the show was “riddled with mistruths”.
Ryan Murphy, who created the show, told Variety that the comments were “predictable at best”.
He added that the family’s response was “interesting because I would like specifics about what they think is shocking or not shocking. It’s not like we’re making any of this stuff up. It’s all been presented before”.
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Buy this apparel maker whose shares can rally 30%, Jefferies says
Buy this apparel maker whose shares can rally 30%, Jefferies says
Jefferies expects apparel maker PVhHs beat-down stock to stage a recovery. Analyst Ashley Helgans upgraded the Tommy Hilfiger and Calvin Klein parent to buy from hold and lifted her price target by $35 to $105. Helgans’ updated forecast suggests shares can surge 30.4% from Tuesday’s close. “PVH has made meaningful progress in transitioning to a more focused, efficient, and strategic company,” Helgans wrote in a Tuesday note to clients. “With a compelling roadmap and high-caliber management in place, it should see improved [long-term] results.” PVH can see sales increasing by low single-digit percentages after declining by mid single-digit percentages last year, according to the analyst. That’s due to new management initiatives and the company lapping now-mitigated headwinds, she added. On the finance front, Helgans said cost-saving work and buybacks can bring earnings per share to see growth by high single-digit percentages this year and a low double-digit percentage next year. Helgans said China is a key macro risk currently given the unreliable entity list could restrict the company’s operations in the region, which accounts for about one-fifth of EBIT. However, she said this overhang can be solved by licensing outsourcing or other resolutions, which could in turn be a catalyst for the stock. The analyst also clarified that the company has “minimal” exposure of ******** products coming into the U.S., making the state of tariffs a nonissue. Helgans went on to note that the U.S. only accounts for about 30% of the company’s sales. Helgans also pointed out that even with her increased price target, the stock is still at 7.5-times its price-to-earnings multiple. That’s about 40% below peers, she said. Shares popped 2.7% following the upgrade. However, shares have plunged more than 23% in 2025, extending losses after sliding more than 13% in the prior year. PVH YTD mountain PVH, YTD
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Reece Galbraith jailed over Newcastle blast deaths
Reece Galbraith jailed over Newcastle blast deaths
A man whose ******** cannabis factory exploded in a block of flats, killing seven-year-old Archie York, has been jailed for 14 years.
Archie died when the blast caused by Reece Galbraith, 33, obliterated several homes in Benwell in the early hours of 16 October 2024, Newcastle Crown Court heard.
The fatal explosion was caused by a build-up of butane created in the process of making drug-infused sweets in one of the flats by Jason Laws, 35, who was also killed, and Galbraith.
Galbraith, of Gateshead, admitted two counts of manslaughter, with Archie’s mother screaming at him in court that he had killed her son.
Mr Laws and Galbraith were using a ground-floor flat in the block of 12 homes on Violet Close to make so-called cannabis shatter, a brittle substance containing a high concentration of the psychoactive compound THC which is used to form sweets from, prosecutor David Brooke KC said.
At about 00:40 BST, their “sophisticated” factory exploded, killing Archie, who lived upstairs with his parents and baby brother, and totally destroying six homes, the court heard.
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‘Bit Going On’: Kimberley clothing brand launch sparks conversations around mental health
‘Bit Going On’: Kimberley clothing brand launch sparks conversations around mental health
A new clothing brand born in the Kimberley is using fashion to spark conversations around mental health, launching its first line of apparel earlier this month.
Bit Going On, is the brainchild of Frosty’s Aussie Adventures founder Luke “Frosty” Frost who said he was inspired to create the clothing brand after a bout with mental illness.
“I went through a lot of mental health myself during a bad break-up and just didn’t really know how to deal with it. The biggest thing was having really good friends around me and creating that support network,” he said.
“I wanted to build a movement that advocates mental health awareness, and I realised everyone’s got a bit going on—and that’s when I went, right, that’s the name.”
Camera IconLuke “Frosty” Frost Credit: Supplied
The brand leans into Kimberley identity, with clothing made by Country Tucker Caps and stitched to last.
“They’re all embroidered for durability, quality, consistency and to stand the test of time,” Mr Frost said.
Mr Frost said his partner Grace Kinnear played a critical role in making the venture a reality.
“I thought of the idea but Grace is a major cog in the wheel behind the scenes. It wouldn’t have got off the ground without her,” he said.
Camera IconGrace Kinnear Credit: Supplied
The Kimberley has long grappled with some of the highest youth suicide rates in the world—something Mr Frost said made the region a meaningful place to launch a mental health-focused brand.
“If we can create a company that is based around mental health, and even better, in the Kimberley, it is really cool and something different,” he said.
Since launching the brand in early May, Mr Frost said he had sold more than 350 hats and expects to sell over a thousand within the first month of sales.
Camera IconThe Broome community has gotten behind Bit Going On. Credit: Supplied
“We’ve got hats and shirts at the moment and in the future, we will look at doing women’s bikinis, men’s swimwear and kids’ clothes as well to broaden our market and create a brand that can look good as well as having good meaning behind it.”
The brand also has charity goals baked in. Mr Frost said he hoped to donate a portion of profits each month.
“The goal is, at the end of each month, to donate X amount of dollars to a charity. Our future goal would be to donate $5 out of every ***** to charity.”
Camera IconThe Broome community has gotten behind Bit Going On. Credit: Supplied
Broome locals and companies have flocked to grab the hats and get behind the brand’s slogan — “Enough of Being Tough”.
“It’s cool to see local companies getting behind it, and they’re just happy someone’s having a crack at it,” Mr Frost said.
“Bit Goin On targets anyone, from no matter what walk of life throughout Australia or worldwide. Everyone has got a bit going on in some form of a way.”
“It’s all based around that, around mental health, talking to your mates, having a good time and just having a chat about things.”
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iPhones discounted in China as Apple’s sales struggle again
iPhones discounted in China as Apple’s sales struggle again
STORY: ******** e-commerce platforms are offering discounts of up to $351 on Apple’s latest iPhone 16 models.
It’s in an effort to spur sales after first-quarter shipments by the U.S. tech giant fell further in its second-largest market.
The step comes as ******** online retailers increasingly vie for cost-conscious consumers in a slowing economy.
The price cuts are taking center stage ahead of the annual “618” shopping festival on June 18, one of the country’s largest.
JD.com is one retailer selling the iPhone 16 Pro at a knocked down price, as is Alibaba.
Reuters was unable to ascertain if the discounts were being offered by Apple itself or the platforms
Selective discounting has featured in the company’s China pricing strategy.
The U.S. tech giant’s smartphone shipments in China dropped 9% in the first quarter.
While domestic competitors Xiaomi and Huawei posted gains of 40% and 10% respectively.
Smartphones are among the key targets of China’s broader consumption stimulus plan.
With local governments in major cities offering subsidies of up to 500 yuan, or around $70, for some handsets.
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U.S.-Ukraine resources deal may be a sign of things to come
U.S.-Ukraine resources deal may be a sign of things to come
An employee works at a pink salt production site on Lake Sasyk-Sivash near Yevpatoria, on September 21, 2023.
********* | Afp | Getty Images
A landmark resources deal between the U.S. and Ukraine is expected to lay the ground for further so-called “minerals for muscle” agreements.
Washington and Kyiv signed a highly anticipated minerals deal earlier this month. The agreement, which has since been ratified by Ukrainian lawmakers, is designed to deepen economic ties, bolster Ukraine’s reconstruction and position the country as a supplier of strategically important minerals to the U.S.
Long coveted by U.S. President Donald Trump, the partnership followed months of tense negotiations and came more than three years since the start of Russia’s full-scale invasion of Ukraine.
Ro Dhawan, CEO of the International Council on Mining and Metals (ICMM), a trade body representing roughly one-third of the global industry, said the U.S.-Ukraine deal is not the first and certainly won’t be the last bilateral agreement where minerals and geopolitics mix so closely.
“I think we’re likely to see more outreach to producer countries to make deals which could take the form of what I have previously called ‘minerals for muscle.’ So, ‘give me your minerals and I’ll give you security,’ or other forms of trade agreement,” Dhawan told CNBC by video call.
For instance, ICMM’s Dhawan said he could “absolutely imagine” a deal between the U.S. and the Democratic Republic of the Congo, which has the world’s largest reserves of cobalt, in the near future.
Natural resources could also play a pivotal role in the thawing of “pretty frosty” diplomatic ties between the U.S. and South Africa, Dhawan said, as well as the U.S. and Canada.
“We’re at a turning point in the way minerals are a part of the global conversation. We’ve seen the first act, probably, with Ukraine, and I think there are a few more twists and turns to come in the way that this now starts to take shape,” he added.
Critical minerals refer to a subset of materials considered essential to the energy transition. These minerals, which tend to have a high risk of supply chain disruption, include metals such as copper, lithium, nickel, cobalt and rare earth elements.
Resource nationalism
China is the undisputed leader of the critical minerals supply chain, accounting for roughly 60% of the world’s production of rare earth minerals and materials. U.S. officials have previously warned that this poses a strategic challenge amid the pivot to low-carbon energy sources.
Heidi Crebo-Rediker, a senior fellow in the Center for Geoeconomic Studies at the Council on Foreign Relations, a U.S. think tank, said Washington and Beijing’s geopolitical rivalry has put critical minerals at the center of the U.S. national security agenda.
Assuming they are commercially recoverable, Crebo-Rediker said Ukraine’s vast reserves of critical minerals and rare earth elements could “provide a future potential secure supply chain of many materials the United States needs.”
In this photo provided by the Ukrainian Presidential Press Office, Ukraine’s President Volodymyr Zelenskyy, right, and President Donald Trump, talk as they attend the ******** of Pope Francis in ********, Saturday, April 26, 2025.
Ukrainian Presidential Press Office via AP
Timothy Puko, director of commodities at Eurasia Group, a political risk consultancy, said he was “a little bit skeptical” about the prospect of a wave of bilateral “minerals for muscle” agreements.
“There’s certainly some truth to it. I think that’s what you’re seeing in Ukraine. I think that Kinshasa is very clearly trying to pursue that right now, with their cobalt-copper situation and the [Rwandan-backed] M23 rebels,” Puko told CNBC by video call.
Aside from Ukraine and the Democratic Republic of the Congo, however, Puko said he was “hard-pressed” to foresee any further agreements. Canada, Australia, Indonesia and several mineral-rich Latin America countries would all be unlikely to pursue minerals for muscle-type deals with the U.S., he added.
Earth and minerals are loaded onto trucks at an open-pit mine near the frontline, despite the threat of bombing by Russian invading forces on February 26, 2025 in Donetsk Region, Ukraine.
Pierre Crom | Getty Images News | Getty Images
“Outside of Ukraine and DRC, and possibly not even DRC, no other country right now really wants to trade away all that midstream business. Resource nationalism is the name of the game right now and the trend is really the opposite,” Puko said.
“There’s definitely horse-trading to be done here. It’s a huge geopolitical issue. I’m sure it’s coming up right now in the ongoing bilateral trade talks but there are huge barriers to replicating what Ukraine is trying to do with a lot of other countries.”
Canada needs ‘more certainty’ on trade
Trump’s trade tariff policy and repeated calls to make Canada the 51st state has strained diplomatic ties between the neighboring countries and fueled a swell of national pride and anger at the U.S.
Newly elected ********* Prime Minister Mark Carney told Trump at the White House earlier this month that his country is “not for *****” — and “won’t be for ***** ever.”
Trump replied: “Never say never.”
Heather Exner-Pirot, director of energy, natural resources and environment at the Macdonald-Laurier Institute, a public policy think tank based in Ottawa, said Canada does not need a minerals for muscle agreement with the U.S.
“What we need is more certainty in our trade relationship. That is the biggest hurdle right now to reshoring mineral production and processing to North America in order to combat ******** manipulation of global mineral markets,” Exner-Pirot told CNBC via email.
********* Prime Minister Mark Carney speaks to the media after a meeting with US President Donald Trump at the Embassy of Canada to the United States in Washington, DC, on May 6, 2025.
Mandel Ngan | AFP | Getty Images
Canada and the U.S. have developed interdependently over the course of 150 years and through world wars, Exner-Pirot said, noting that the countries are each another’s largest suppliers and destinations of mineral exports.
What’s more, Exner-Pirot said Canada and the U.S. already collaborate in both NATO and the North American Aerospace Defense Command (NORAD). A binational organization between Canada and the U.S., NORAD is primarily responsible for aerospace control and maritime warning in the defense of North America.
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Bank of America raises price targets on Nvidia, AMD after the pair land Saudi deals during Trump visit
Bank of America raises price targets on Nvidia, AMD after the pair land Saudi deals during Trump visit
Bank of America sees more room for Nvidia and Advanced Micro Devices shares to run after the technology companies inked deals with a subsidiary of the Saudi Arabia Public Investment Fund. Analyst Vivek Arya lifted his Nvidia price target by $10 to $160, which now implies 23.1% upside over Tuesday’s close. Arya also added $10 to his price target for AMD, with the refreshed $130 estimate suggesting shares can jump 15.6%. The analyst cited the companies each announcing multiyear projects tied to artificial intelligence infrastructure with a Saudi subsidiary called Humain. Bank of America predicts these projects to cost between $3 billion to $5 billion annually, which equates to a range of $15 billion to $20 billion across multiple years. “Sovereign AI nicely complements commercial cloud investments with a focus on training and inference of LLMs in local culture, language and needs,” Arya told clients. Arya also noted that Sovereign AI can help with limited power availability for data centers in the U.S. Both Nvidia and AMD rose more than 2% in Wednesday’s premarket trading. These deals come as President Donald Trump’s team has courted the Middle Eastern country. The White House on Tuesday announced Saudi Arabia’s commitment to invest $600 billion through several business agreements with the U.S. Trump spoke at an investment conference in the country and met with Saudi Crown Prince Mohammed bin Salman. Several tech CEOs including Nvidia’s Jensen Huang, who announced a deal to sell the kingdom more than 18,000 of its Blackwell AI chips , also attended the investment forum.
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India and Pakistan Swap Detained Soldiers as Cease-Fire Holds
India and Pakistan Swap Detained Soldiers as Cease-Fire Holds
India and Pakistan exchanged detained soldiers on Wednesday in a further sign that the cease-fire that ended the most expansive fighting in decades between the nuclear-armed countries was holding.
The exchange happened at the Attari-Wagah border, the main land crossing between India and Pakistan. The Indian Border Security Force said that one of its soldiers had been returned after three weeks of detention. A Pakistani official said that an Indian border guard had been handed over in return for a member of the Pakistani Rangers, a paramilitary force, who had been in Indian custody for almost two weeks.
Each soldier had ventured into the other’s country inadvertently and had been detained in the days leading up to the military confrontation this past week, during which India struck targets inside Pakistan as retaliation for a terrorist attack in April in the Indian part of Kashmir. India blames that attack, which killed 26 civilians, on Pakistan, though Pakistan has denied involvement.
The strikes quickly escalated to an intense, four-day military confrontation between the neighboring countries, the like of which had not been seen in decades. The United States helped broker a cease-fire on Saturday.
A sense of normalcy has begun to return on both sides of the border in the days since the truce. Commercial flights have resumed, and Kashmiris have started returning to homes damaged during the confrontation.
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Gemini is coming to Google TV later this year, but you’ll have to wait a bit longer for Google TV Streamer to get the AI
Gemini is coming to Google TV later this year, but you’ll have to wait a bit longer for Google TV Streamer to get the AI
Google has unveiled that Gemini will be coming to devices with Google TV later this year, starting with TCL devices
The update follows Google initial announcement at CES 2025, where it teased new advancements on Gemini with Google smart TVs
The Google TV Streamer device won’t receive the same treatment however, and the future of its Gemini support is unclear
Google announced that it’s integrating its AI assistant, Google Gemini, with Google TV devices – starting with TCL TVs later this year.
The expansion was announced at its Android Show yesterday along with a host of other new features. In addition to teasing a new look of Android 16, Google revealed that Gemini’s smarts will be coming to devices with Google TV, cars with built-in Google and Android Auto, and its line of WearOS smartwatches.
At the moment Google is keeping the exact roll-out date under-wraps, but the company has stated that Gemini support for Google TV will be rolled out to TCL TVs first, with other devices to follow.
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Gemini support for WearOS smartwatches and cars with Android Auto is set to roll out ‘in the coming months’. (Image credit: Google)
When Gemini makes its Google TV debut, it will replace the previous Google Assistant tool but will continue to offer content recommendations based on your voice commands. According to Google’s blog post you can use prompts such as ‘show me action movies that are age-appropriate for kids’.
Gemini’s capabilities will reach beyond entertainment. You’ll also have the freedom to ask Gemini on your Google TV non-recommendation based questions. For example, Google says that Gemini will be able to ‘help your kids explore their endless questions about the solar system by answering questions and pulling up the perfect YouTube video to learn more’.
However, there have been some questions about when the Google TV Streamer will receive the same treatment.
No sign of Gemini for Google’s flagship streaming device
To the surprise of many, it turns out that the Google TV Streamer won’t be the launch device for Gemini, nor has Google given word on its plans to bring the AI tool to its own devices. So as it stands, it’s a bit of a waiting game, but what do know is that Google TV devices will get their long-awaited support for Gemini before the end of the year.
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Owners of some of the best smart TVs with Google TV have been waiting for further announcements since the company announced the next generation of Google TV with Gemini at CES 2025. At the same time, the company also unveiled its new ‘Ambient Mode’, which has been enhanced by the introduction of its new proximity sensors to adjust the display automatically.
But the future of Gemini for Google TV Streamer is still on our minds, and while we wait for further announcements from Google we’ll have our eyes peeled for any updates that might crop up elsewhere.
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Day Trader? 3 Easy Steps to Find High-Potential Trading Setups For the Day Ahead
Day Trader? 3 Easy Steps to Find High-Potential Trading Setups For the Day Ahead
Most day traders rely on five different tools, two open news tabs, and pure gut instinct for a profitable day.
But what if I tell you that an AI could handle the scan, strategy, and sizing—all before your coffee cools?
That’s where Investing.com’s new Gen AI tool, WarrenAI —built specifically for financial markets—can make your life as a day trader a whole lot easier.
Whether you’re chasing pre-market momentum or calculating stop-loss risk on the fly, WarrenAI gives you real-time trading intelligence in plain English—no spreadsheets, no guesswork, and no waiting.
You can give it a go right now through this link; free users get 10 prompts a month, while Pro users can unlock up to 500 prompts.
Subscribe to InvestingPro today for less than $7 a month for a limited time, and start trading smarter—instantly.
Now, let’s break down how day traders are using it to gain an edge, one smart query at a time.
Step 1: Spot Real-Time Setups in Seconds
You could avoid hours and hours of market scanning just by asking WarrenAI the right questions. Here’s an example:
“Find stocks with unusual pre-market volume and price movement today.”
WarrenAI instantly sifts through the market noise and gives you a curated list of stocks showing outsized volume, breakout potential, and volatility—perfect ingredients for a high-probability trade.
The GenAI tool’s response to the query above:
Try it now through this link: WarrenAI tool
But it doesn’t stop there. With the right query, you’ll also get:
Key support and resistance levels
Volume trends
Intraday price patterns worth watching
Why it matters: Day trading is about speed and precision. WarrenAI can help you attain both.
Step 2: Master Technical Indicators—Without Drowning in Charts
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“What do RSI, MACD, and MAs show for NVDA on the 5-minute chart right now?”
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Whether momentum is bullish or bearish
Any divergences or convergences worth noting
Potential patterns like bull flags or double tops
Here’s how WarrenAI responded to the query above:
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And ***** – WarrenAI gives you the math, the logic, and a clear explanation based on your question:
Try it here: WarrenAI
Now, if you’d like to examine if there are other asset classes with better opportunities, you can ask that as well.
Here’s a sample query:
“Which market—stocks, crypto, forex, or gold—offers the best risk-adjusted opportunities right now?”
And get a volatility-adjusted breakdown to steer your focus to the hottest plays. (Click the link above to see the full response.)
Bonus: Build a Smarter Morning Routine
Combine all the above into one powerful query:
“What are the top trending assets across stocks, forex, gold, and crypto this morning, and what’s driving the moves?”
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“Analyze Nvidia’s intraday reaction to today’s US-China trade news. What key levels should I watch?”
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All you need to do is ask.
If you haven’t yet tested WarrenAI, do it now right here for free for the first 10 prompts.
Otherwise, you could subscribe to InvestingPro today, get 500 monthly prompts with WarrenAI, and save up to 50% while the flash ***** lasts.
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Tom Cruise returns to Cannes with ‘Mission: Impossible — The Final Reckoning’ – AP News
Tom Cruise returns to Cannes with ‘Mission: Impossible — The Final Reckoning’ – AP News
Tom Cruise returns to Cannes with ‘Mission: Impossible — The Final Reckoning’ AP News“Astonishing”: ‘Mission: Impossible – The Final Reckoning’ Described as “Pure Cinema” as First Reactions Hit Social Media The Hollywood ReporterTom Cruise on Mission Impossible 8 ‘Never Been Done’ Stunts, Wing Walking Variety’Mission: Impossible’ Directors’ Interviews: De Palma, Abrams, Woo DeadlineInside the Making of Mission: Impossible, the World’s Most Insane Action Franchise GQ
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The Literary ‘It’ Girl Who Continues to Fascinate
The Literary ‘It’ Girl Who Continues to Fascinate
“Childhood is an image, which we decorate,” Françoise Sagan wrote in her autobiography, “Réponses.”
Ms. Sagan, born Françoise Delphine Quoirez, was only 18 when her first novel, “Bonjour Tristesse,” published in 1954, caused a sensation across the globe. But she was not just a literary wunderkind: The teenage author became an object of worldwide press fascination (Pope Paul VI denounced the novel as “an example of irreligosity”), and the caricature of those years would haunt her.
From the get-go, many recognized Ms. Sagan as a genuine talent, with critics likening her to the fellow literary enfant terrible Colette. In Le Figaro, the French novelist François Mauriac called her a “charming monster,” but conceded that “talent bursts on the first page. This book has all the ease, all the audacity of youth without having the slightest vulgarity.” The philosopher Jean-Paul Sartre deemed her the real thing, and “Bonjour Tristesse” went on to win the Prix des Critiques in 1954.
While the author’s own life encompassed the full spectrum of adult tragedies and pleasures — as well as 20 books — in the popular American imagination, her image seems curiously bound up with youth: “it” girl; French girl. Today, we might add “nepo baby” because of her parents’ social connections — her father was a prosperous industrialist, her mother from an old landowning family.
Naturally, this reputation conferred skepticism. (The fact that by age 21 her father had managed her earnings into a tidy fortune could not have helped.) There were those who were not shocked, yet unimpressed by what they regarded as a pampered daughter of the bourgeoisie, with middling talent and a great publicist. (This paper dismissed Ms. Sagan, calling “Bonjour Tristesse” an “immature little novel, mainly a catalogue of moods experienced under the strain of a father-complex by a fairly precocious French girl.” )
“My feeling is that she represents something important in the French literary and cultural imagination,” said the novelist Tash Aw. “There’s also something about the setting of ‘Bonjour Tristesse’ that is so quintessentially French that it stays in the popular imagination even if people have never read the book.”
The book is the story of a teenage girl and one eventful summer in the south of France, a coming-of-age novel that combines cleareyed insight with a vivid evocation of youth. The mixture of the well-educated bourgeois schoolgirl — Ms. Sagan took her pen name from Proust and her debut’s title from Paul Valery — and frank discussion of adultery proved a potent combination. In a rapidly changing France, readers thrilled to a novel that expressed the ambivalence of generational shift; the rest of the world, long obsessed with a dynamic stereotype of French sophistication, was equally entranced by this prototypical, modern, politically engaged French girl.
First adapted for the screen by Otto Preminger in 1958, the film starred David Niven and Jean Seberg, forever conflating the author in the public imagination with the artless allure — and iconic haircut — of Ms. Seberg. A new adaptation was released this month, helmed by Durga Chew-Bose in her directorial debut — with the blessing of the author’s son, Denis. “Some people told us we were adapting their national anthem,” Ms. Chew-Bose said.
Throughout her career, Ms. Sagan was defiant, facing interviewers with a brittle sophistication. “All my life, I will continue obstinately to write about love, solitude and passion among the kind of people I know,” she told an interviewer for The Transatlantic Review. “The rest don’t interest me.” These kinds of people would come to include louche luminaries like Truman Capote and Ava Gardner. Indeed, to her critics, the spigot of novels, plays, memoir, pop song lyrics and screenplays may have had more than a whiff of the dilettantish.
“I think that feeling of being very young and utterly world-weary is both a recipe for chic and, to use a word I hate, relatable,” said the writer and translator Leslie Cahmi. “Of feeling one’s way blindly and realizing that the adults are just as lost as you are. Sagan’s postwar French prosperity is haunted by a faint perfume of existentialist desperation.”
Ms. Sagan certainly seemed to capture something: the jaded French bourgeoisie, in love, surrounded by interiors and style. Her books paint a vivid picture of a milieu she knew intimately. And in a world before autofiction, her best writing had tight and disciplined plotting. “Nothing is more unreal than certain so-called realist novels — they’re nightmares,” she told The Paris Review.
To the author Claire Messud, “Bonjour Tristesse” — and the furor surrounding its young author — spoke to larger cultural tendencies: “French culture’s intense desire, tendency (at that time at least, in the ’50s) to celebrate adolescent female brilliance, however briefly.”
Car crashes, youthful divorces from playboys, multiple affairs of variable happiness and substance abuse took their toll. Ms. Sagan was, the critic Bertrand Poirot-Delpech commented with relish, “a bird fallen from the nest on which modern cannibalism cut its teeth and won’t give up.” She found contentment and stability with the fashion stylist Peggy Roche, but after Ms. Roche’s death she once again struggled with substance abuse; she died at 69 from a pulmonary embolism.
But somehow the timelessness of “Bonjour Tristesse” — and perhaps, the legend of its author — endures, urgent and relevant. As Ms. Chew-Bose put it, “I think any story told from the pod of a young woman trying to sort through the turmoil of coming-of-age will always feel modern to me.”
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The Literary ‘It’ Girl Who Continues to Fascinate
The Literary ‘It’ Girl Who Continues to Fascinate
“Childhood is an image, which we decorate,” Françoise Sagan wrote in her autobiography, “Réponses.”
Ms. Sagan, born Françoise Delphine Quoirez, was only 18 when her first novel, “Bonjour Tristesse,” published in 1954, caused a sensation across the globe. But she was not just a literary wunderkind: The teenage author became an object of worldwide press fascination (Pope Paul VI denounced the novel as “an example of irreligosity”), and the caricature of those years would haunt her.
From the get-go, many recognized Ms. Sagan as a genuine talent, with critics likening her to the fellow literary enfant terrible Colette. In Le Figaro, the French novelist François Mauriac called her a “charming monster,” but conceded that “talent bursts on the first page. This book has all the ease, all the audacity of youth without having the slightest vulgarity.” The philosopher Jean-Paul Sartre deemed her the real thing, and “Bonjour Tristesse” went on to win the Prix des Critiques in 1954.
While the author’s own life encompassed the full spectrum of adult tragedies and pleasures — as well as 20 books — in the popular American imagination, her image seems curiously bound up with youth: “it” girl; French girl. Today, we might add “nepo baby” because of her parents’ social connections — her father was a prosperous industrialist, her mother from an old landowning family.
Naturally, this reputation conferred skepticism. (The fact that by age 21 her father had managed her earnings into a tidy fortune could not have helped.) There were those who were not shocked, yet unimpressed by what they regarded as a pampered daughter of the bourgeoisie, with middling talent and a great publicist. (This paper dismissed Ms. Sagan, calling “Bonjour Tristesse” an “immature little novel, mainly a catalogue of moods experienced under the strain of a father-complex by a fairly precocious French girl.” )
“My feeling is that she represents something important in the French literary and cultural imagination,” said the novelist Tash Aw. “There’s also something about the setting of ‘Bonjour Tristesse’ that is so quintessentially French that it stays in the popular imagination even if people have never read the book.”
The book is the story of a teenage girl and one eventful summer in the south of France, a coming-of-age novel that combines cleareyed insight with a vivid evocation of youth. The mixture of the well-educated bourgeois schoolgirl — Ms. Sagan took her pen name from Proust and her debut’s title from Paul Valery — and frank discussion of adultery proved a potent combination. In a rapidly changing France, readers thrilled to a novel that expressed the ambivalence of generational shift; the rest of the world, long obsessed with a dynamic stereotype of French sophistication, was equally entranced by this prototypical, modern, politically engaged French girl.
First adapted for the screen by Otto Preminger in 1958, the film starred David Niven and Jean Seberg, forever conflating the author in the public imagination with the artless allure — and iconic haircut — of Ms. Seberg. A new adaptation was released this month, helmed by Durga Chew-Bose in her directorial debut — with the blessing of the author’s son, Denis. “Some people told us we were adapting their national anthem,” Ms. Chew-Bose said.
Throughout her career, Ms. Sagan was defiant, facing interviewers with a brittle sophistication. “All my life, I will continue obstinately to write about love, solitude and passion among the kind of people I know,” she told an interviewer for The Transatlantic Review. “The rest don’t interest me.” These kinds of people would come to include louche luminaries like Truman Capote and Ava Gardner. Indeed, to her critics, the spigot of novels, plays, memoir, pop song lyrics and screenplays may have had more than a whiff of the dilettantish.
“I think that feeling of being very young and utterly world-weary is both a recipe for chic and, to use a word I hate, relatable,” said the writer and translator Leslie Cahmi. “Of feeling one’s way blindly and realizing that the adults are just as lost as you are. Sagan’s postwar French prosperity is haunted by a faint perfume of existentialist desperation.”
Ms. Sagan certainly seemed to capture something: the jaded French bourgeoisie, in love, surrounded by interiors and style. Her books paint a vivid picture of a milieu she knew intimately. And in a world before autofiction, her best writing had tight and disciplined plotting. “Nothing is more unreal than certain so-called realist novels — they’re nightmares,” she told The Paris Review.
To the author Claire Messud, “Bonjour Tristesse” — and the furor surrounding its young author — spoke to larger cultural tendencies: “French culture’s intense desire, tendency (at that time at least, in the ’50s) to celebrate adolescent female brilliance, however briefly.”
Car crashes, youthful divorces from playboys, multiple affairs of variable happiness and substance abuse took their toll. Ms. Sagan was, the critic Bertrand Poirot-Delpech commented with relish, “a bird fallen from the nest on which modern cannibalism cut its teeth and won’t give up.” She found contentment and stability with the fashion stylist Peggy Roche, but after Ms. Roche’s death she once again struggled with substance abuse; she died at 69 from a pulmonary embolism.
But somehow the timelessness of “Bonjour Tristesse” — and perhaps, the legend of its author — endures, urgent and relevant. As Ms. Chew-Bose put it, “I think any story told from the pod of a young woman trying to sort through the turmoil of coming-of-age will always feel modern to me.”
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View the full article at [Hidden Content]
Peru’s PM quits ahead of no-confidence vote
Peru’s PM quits ahead of no-confidence vote
The prime minister of Peru, Gustavo Adrianzén, has resigned hours before he was due to face a no-confidence vote in Congress.
Members of Peru’s Congress had called for the no-confidence vote after the recent kidnap and killing of 13 mine workers, which shocked the country.
Adrianzén’s resignation is another blow to the embattled president, Dina Boluarte, who has seen her approval ratings plummet as crime rates in the country have soared.
The resignation of the prime minister – the third to serve under Boluarte – forces the president to replace her entire cabinet, adding to Peru’s political upheaval.
Under Peru’s constitution, all ministers have to step down if the prime minister quits.
While the president can rename the same people to the posts they resigned from, she can only do so once a new prime minister is in place.
The collapse of the cabinet comes at an already rocky time in Peruvian politics.
Shortly before Prime Minister Adrianzén announced his resignation, Boluarte had reshuffled her existing cabinet, announcing new ministers of finance, interior, and transport.
All three will now have to step down, just hours after being sworn in by the president.
The already low approval rating of President Boluarte – who was sworn in when the previous president, Pedro Castillo, was impeached – have fallen further as Peruvians grow increasingly impatient at what they say is her failure to tackle crime.
In recent months, hundreds of people have taken to the streets in protest at the growing problem of extortion, as gangs increasingly demand payments even from the smallest businesses, including transport workers.
Dressed in white, they demanded “an immediate answer to combat extortion and targeted killings”.
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Migrants already in *** face longer wait for permanent settlement
Migrants already in *** face longer wait for permanent settlement
New rules making migrants wait longer to qualify for permanent settlement in the *** will apply to people already in the country, under government plans.
On Monday the government announced immigrants would now typically have to live in the *** for 10 years before applying for the right to stay here indefinitely – double the current five-year *******.
It was previously unclear whether this would apply to the approximately 1.5 million foreign workers who have moved to the *** since 2020.
The BBC understands a document published in the coming weeks will make clear the government is preparing to apply the 10-year qualifying ******* to those who are already in the *** as well as to new visa applicants.
The move will be subject to a public consultation.
A government source said Home Secretary Yvette Cooper had for some time been concerned that under the current five-year process there is set to be a significant increase in settlement and citizenship applications in the next few years, reflecting the surge in immigration in the early years of this decade.
A policy document published on Monday said there would continue to be a five-year qualification ******* for non-*** dependents of British citizens.
There will also be shorter qualification periods for people who can show they have contributed to the ***’s “economy and society”.
The announcement was part of a wider package of measures set out on Monday to cut legal migration.
Net migration – the number of people coming to the *** minus the number leaving – climbed to a record 906,000 in June 2023, and last year it stood at 728,000.
In a speech on Monday, Prime Minister Sir Keir Starmer said the measures would mean “settlement becomes a privilege that is earned, not a right, easier if you make a contribution, if you work, pay in, and help rebuild our country.”
Some Labour MPs have raised concerns about the possibility longer qualifying periods for settlement could apply to people already in the ***.
Florence Eshalomi, who chairs the Commons housing, communities and local government committee, told MPs the lack of clarity had left some of her constituents “understandably worried”, with one telling her they were considering leaving the *** “because their settled status here is in jeopardy”.
In response, Cooper told MPs the government would set out further details later this year, with a consultation to follow.
The Migration Observatory said a 10-year route to settlement would make the *** more restrictive than most other high-income countries but comparable to Switzerland and Japan.
It said the move was unlikely to significantly affect migration levels but it would bring in more visa-fee revenue for the Home Office because people on temporary visas pay ongoing fees.
Migrants would also face longer periods without the rights that come with permanent settlement, which include the right to live, work and study in the *** for as long as desired, and to apply for benefits.
Permanent settlement can also be used to apply for British citizenship.
Enny Choudhury, co-legal director at the Joint Council for the ******** of Immigrants charity, said the move was “a cruel betrayal”.
“These are our neighbours and friends. They’ve already built their lives in the ***, and moving the goalposts now will plunge many into deeper debt, uncertainty and trauma,” he said.
“We need a system that offers people a clear, affordable and compassionate pathway to settlement.”
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Trump says Iran must end proxy group support as part of any nuclear deal – National
Trump says Iran must end proxy group support as part of any nuclear deal – National
President Donald Trump told Gulf leaders on Wednesday he urgently wants “to make a deal” with Iran to wind down its nuclear program but Tehran must end its support of proxy groups throughout the region as part of any potential agreement.
Iran “must stop sponsoring terror, halt its bloody proxy wars and permanently and verifiably cease pursuit of nuclear weapons,” Trump said in remarks at a meeting of leaders from the Gulf Cooperation Council hosted by Crown Prince Mohammed bin Salman in the Saudi capital. “They cannot have a nuclear weapon.”
The U.S. and Iran have engaged in four rounds of talks since early last month focused on Iran’s nuclear program. Trump has repeatedly said that he believes brokering a deal is possible but that the window is closing.
The Republican president’s strongly worded push on Iran to cease support of ****** in Gaza, Hezbollah in Lebanon and the Houthis in Yemen come as its proxy network has faced significant setbacks in the 19 months since ****** launched its Oct. 7, 2023, attack on Israel.
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In Iran, Foreign Minister Abbas Araghchi called Trump’s remarks “deceitful” but did not directly address the U.S. leader’s call on Iran to cease support of proxy groups.
Trump added that he believed the moment was ripe “for a future free from the grip of Hezbollah terrorists.” Hezbollah is severely weakened after its war last year with Israel in which much of its top leadership was killed, and after losing a key ally with the fall of former Syrian President Bashar Assad, a conduit for Iran to send arms.
Lifting sanctions on Syria
Trump’s comments on Iran came after he met Wednesday with Syrian President Ahmad al-Sharaa, a face-to-face engagement with the onetime insurgent leader who spent years imprisoned by U.S. forces after being captured in Iraq.
Trump agreed to meet al-Sharaa at the end of his stay in Saudi Arabia. He was headed next to Qatar, where he will be honored with a state visit. His ******** tour also will take him to the United Arab Emirates.
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Al-Sharaa was named president of Syria in January, a month after a stunning offensive by insurgent groups led by al-Sharaa’s Hayat Tahrir al-Sham, or HTS, stormed Damascus and ended the 54-year rule of the Assad family.
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Trump said he decided to meet with al-Sharaa after being encouraged to do so by Prince Mohammed and Turkish President Recep Tayyip Erdogan. He also pledged to lift yearslong sanctions on Syria.
4:59
Trump says U.S. will lift sanctions on Syria, gets standing ovation in Saudi Arabia
“The sanctions were really crippling and very powerful,” Trump said. “It’s not going to be easy anyway, so it gives them a good, strong chance” to rebuild the country, he added.
Prince Mohammed joined Trump and al-Sharaa for the meeting, which lasted 33 minutes. Erdogan also took part in the talks via video conference.
The prince said Trump’s decision to engage with al-Sharaa and lift the sanctions will “alleviate the suffering of the Syrian people” and spur a “new chapter” for the nation.
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Formerly known by the nom de guerre Abu Mohammed al-Golani, al-Sharaa joined the ranks of al-Qaida insurgents battling U.S. forces in Iraq after the U.S.-led invasion. He still faces a warrant for his arrest on terrorism charges in Iraq. The U.S. once offered US$10 million for information about his whereabouts because of his links to al-Qaida.
Al-Sharaa returned to his home country of Syria after the conflict began in 2011 and led al-Qaida’s branch called the Nusra Front. He changed the name of his group to Hayat Tahrir al-Sham and cut links with al-Qaida.
The sanctions go back to the rule of Assad, who was ousted in December, and were intended to inflict major pain on his economy.
Both the Biden and Trump administrations left the sanctions in place after Assad’s fall as they sought to take the measure of al-Sharaa.
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After meeting with members of the GCC — which includes Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates — Trump was heading to Qatar, the second stop in his ******** tour.
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Qatar, like the other Gulf Arab states, is an autocratic nation where political parties are banned and speech is tightly controlled. It is overseen by its ruling emir, Sheikh Tamim bin Hamad Al Thani. Sheikh Tamim took power in June 2013 when his father stepped down.
Qatar has also played a central role in pay-to-play-style scandals around the globe.
In Israel, authorities are investigating allegations that Qatar hired close advisers to Israeli Prime Minister Benjamin Netanyahu to launch PR campaigns to improve the Gulf nation’s image among Israelis.
Two European Union lawmakers were accused of taking money from Doha in a scandal dubbed “Qatar-gate.” U.S. prosecutors in 2020 accused Qatar of bribing FIFA executive committee members to secure the tournament in the country in 2022.
1:48
Trump ‘not in a rush’ to attack Iran over nuclear program
In 2024, RTX Corp., the defense contractor formerly known as Raytheon, agreed to pay more than $950 million to resolve allegations that it defrauded the U.S. government and paid bribes to secure business with Qatar. Doha always has denied wrongdoing.
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Qatar follows an ultraconservative form of Sunni Islam known as Wahhabism born out of Saudi Arabia. However, Qatar struck a different tack in the Arab Spring by backing Islamists, including Egypt’s ******* Brotherhood and former Egyptian President Mohammed Morsi, as well as those who rose up against Assad.
Its support of Islamists, in part, led to a yearslong boycott of the country by Bahrain, Egypt, Saudi Arabia and the United Arab Emirates. That boycott only ended as then-President Joe Biden prepared to enter the White House in 2021.
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Qatar also has served as a key mediator, particularly with the militant group ****** as the international community pursues a ceasefire for the Israel-****** war in the Gaza Strip. Qatar also served as host of the negotiations between the United States and the Taliban that led to America’s 2021 withdrawal from Afghanistan.
Qatar is home to Al-Udeid Air Base, a sprawling facility that hosts the forward headquarters of the U.S. military’s Central Command.
The oil-rich country is also in the center of a controversy over its offer to provide Trump with the gift of a luxury Boeing 747-8 that the U.S. could use as Air Force One while new versions of the plane are under construction by Boeing.
The Qatari government has said a final decision hasn’t been made. But Trump has defended the idea even as critics argue it would amount to a president accepting an astonishingly valuable gift from a foreign government.
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Trump has indicated he would refurbish the aircraft and it would later be donated to his post-White House presidential library. He says he would not use the plane once he leaves office.
–AP writers Suzan Fraser in Ankara, Turkey, Tia Goldenberg in Tel Aviv and Nasser Karimi in Tehran, Iran contributed.
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Editorial: Murray Watt must end the dithering and get Woodside’s North West Shelf gas extension approved
Editorial: Murray Watt must end the dithering and get Woodside’s North West Shelf gas extension approved
Election: won. New Cabinet: sworn in. The next thing on Anthony Albanese’s to-do list must be to finally get Woodside’s North West Shelf gas extension approved.
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Morning Bid:’Magnificent 7′ ride back into town
Morning Bid:’Magnificent 7′ ride back into town
By Amanda Cooper
LONDON (Reuters) – What matters in U.S. and global markets today by Amanda Cooper.
The stock market is a little on the weaker side today, with U.S. futures mostly steady, as investors take a breather from this week’s blistering rally. Global trade tensions might finally be easing, money is flowing back into the glittering AI sector and the prospect of potentially bullish Federal Reserve rate cuts is back on the table.
Mike is out today, but check out his latest column to find out why U.S. budget anxiety could quickly replace the trade war tensions.
Today’s Market Minute
* President Donald Trump kicked off his trip to the Gulf on Tuesday with a surprise announcement that the United States will lift long-standing sanctions on Syria, and a $600 billion commitment from Saudi Arabia to invest in the U.S.
* Tesla plans to start shipping components from China to the U.S. for the production of Cybercab and Semi trucks from the end of this month, after the U.S. and China reached a truce over tariffs.
* How will the trade war de-escalation impact China’s mammoth manufacturing sector and the country’s energy needs? Read Reuters’ columnist Gavin Maguire’s latest piece to learn which key metrics you should be tracking.
* The fog of uncertainty created by Trump’s trade war may be lifting, but it’s leaving investors with a lingering question: what was the point of all that chaos around what the president termed “Liberation Day”? Check out Jamie McGeever’s analysis in his latest column.
* The comprehensive trade deal announced by the U.S. and *** governments last week was a damp squib, but that shouldn’t worry Downing Street. The ******* prize is closer collaboration with the European Union, and that could accelerate after the ***-EU summit next week. Find out more in the column from Panmure Capital’s Joachim Klement.
The Magnificent 7 Ride Back into Town
This week’s stock market rally could well go down in Wall Street history as one of the most epic on record. The S&P 500 is up by more than 20% in the 36 days since it hit a 15-month low on April 7. The index took just 16 days to hit the 20%-recovery-from-the-lows mark in 2020 and 18 days in 2009. The difference this time around is there is no tidal wave of monetary or fiscal stimulus helping to grease the wheels of the rally. The bulls aren’t just back, they’re in the driving seat and the Magnificent 7 – Apple, Amazon, Microsoft, Nvidia, Meta and Tesla – are the engine.
Investors have an affinity for shiny things. This week’s ********* of market-friendly catalysts, including the 90-day halt to the U.S./China trade war, a benign reading of inflation and a raft of headline-grabbing investment deals from the Middle East, where Trump happens to be visiting, have set the stage for Mag 7 mania once again.
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Nvidia has announced it will sell hundreds of thousands of its artificial intelligence chips in Saudi Arabia. Chip designer Advanced Micro Devices has unveiled a $10 billion collaboration with Humain, the Saudi sovereign wealth fund’s newly minted AI startup, while the Saudi government itself made a commitment to Trump to invest $600 billion in U.S. companies.
If the Mag 7 were a major drag on the broader S&P on the way down earlier this year, they’re proving to be a major boon on the way back up. Most world indices have recovered the bulk of the losses triggered by the April 2 “Liberation Day” sell-off. Since then, the Roundhill Magnificent 7 exchange-traded fund has gained 11%, far outpacing the 4.5% rise in the S&P 500 since then. By contrast, the equal-weight S&P, which strips out the oversized influence of the megacaps, is barely up 1%.
Tesla has rejoined the $1-trillion club this week, having dropped out in late February, while shares in Nvidia, whose name has become synonymous with the AI *****, have gained nearly 18%.
Chart of the day
Zooming out, so far this year the Mag 7 are lagging the rest of the market. But at this rate, they’re not only catching up, they’re powering the May rally.
Today’s events to watch
* Trump tours the Middle East; Gulf Cooperation Council takes place in Riyadh, Saudi Arabia
* Federal Reserve Board Governor Christopher Waller addresses an event in Rabat, Morocco
* Federal Reserve Vice Chair Philip Jefferson speaks on the economic outlook
* Federal Reserve Bank of San Francisco President Mary Daly participates in fireside chat before the California Bankers Association
* Cisco Systems fiscal Q3 2025 earnings after the bell
Opinions expressed are those of the author. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
(Writing by Amanda Cooper, Editing by Anna Szymanski)
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Mortgage demand from homebuyers continues to recover, even with higher interest rates
Mortgage demand from homebuyers continues to recover, even with higher interest rates
A For ***** sign sits in front of a home on May 12, 2025 in Miami, Florida.
Joe Raedle | Getty Images
Mortgage demand from homebuyers rose for the second straight week, suggesting that potential buyers are now more enticed by the increasing supply of homes for ***** than they are dissuaded by recent economic uncertainty and concern over tariffs.
Total mortgage application volume rose 1.1% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index.
The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances, $806,500 or less, increased to 6.86% from 6.84%, with points remaining unchanged at 0.68, including the origination fee, for loans with a 20% down payment. That rate was 22 basis points higher the same week one year ago.
Applications for a mortgage to purchase a home rose 2% for the week and were 18% higher than they were the year before. That was the second straight weekly gain after demand fell sharply for most of April. The previous week they rose by 11%.
“The news for the week was the growth in purchase applications,” said Michael Fratantoni, chief economist for the MBA. “Despite the economic uncertainty, the increase in home inventory means there are additional properties to buy, unlike the last two years, and this supply is supporting more transactions.”
He also noted a big gain in government purchase applications, up almost 5% for the week and 40% compared with a year ago. Government loans tend to be favored by lower income or first-time homebuyers because they offer low down payment options.
Total active listings nationally are now about 14% higher than they were at this time last year, according to Redfin. New listings are up 5.5%.
Applications to refinance a home loan fell 0.4% for the week but were 44% higher than the same week one year ago. The refinance share of mortgage activity decreased to 36.4% of total applications from 37.1% the previous week.
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Readers reply: If you were prepping, what would your top five items be? | Life and style
Readers reply: If you were prepping, what would your top five items be? | Life and style
If you were prepping, what should be your top five things to hoard in light of the recent power outages in Spain and Portugal? Alina Ahmad, Johannesburg
Send new questions to *****@*****.tld.
Readers reply
We live in a wildfire area and were evacuated in 2020 when half the town burned up. There is never enough you can do to prepare for every possible emergency. Electricity out is not a big deal really, depending on how long it lasts. Twenty four hours or less, you need some sort of lighting and batteries, something to eat that doesn’t need to be cooked or a small camp stove for heating things up. A cord to plug in a cell phone in your car so you can get information on what’s going on. Some drinking water.
If the electricity is out for longer then you need to consider you will not have a toilet. This is when it gets more uncomfortable. We didn’t have electricity for a week and yet somehow we are still alive. kiramango
A UPS (uninterruptible power supply) for the computer and a satellite phone for when the local cell site runs its batteries flat (about 24 hours) and my 4G phone dies for lack of signal. Socialismnow
The most useful appliance is a tall, strong, able-bodied man, unless you happen to be one already. It’s amazing how many problems that seriously challenge my five-foot-three self can be easily addressed by somebody who’s six feet tall with a corresponding reach.
A car with enough fuel to take us to Grandma and Granddad’s house, where they have an open fire and a gas cooker. We have neither.
Candles – and don’t forget matches unless one of you is a smoker. Better still, I have an ace battery-operated lantern which has a carrying handle and a flat base so you can light your way anywhere. Spare batteries. Tinned food, but don’t forget dried milk.SpoilheapSurfer
I live in Spain and was there when the outage happened. The things I found most useful were my radio with solar panel and winding charge handle, portable power station and solar panel, cash, bottled water, head torch and a gas BBQ oven. Kpnuts888
Camping stove and gas, candles and matches, torches, wood for our stove, bottled water. Hugothecat
The blackout in Spain and Portugal reminded me of the need to include cash. RebChloBrown
I recommend The Art of Eating through the Zombie Apocalypse: A Cookbook and Culinary Survival Guide (2014). OK, I’ll be dead before I manage to dig out a root cellar, build a mud oven (all that London clay) and start cooking the garden pigeons but we have to do our best. cambridgeLSE
Water, lentil rice cakes, nuts, head torch, Roberts sports radio (small enough to carry in pocket). Apart from the water, the food is light (in case I have to run/walk a long way) but sustaining, if the rescue party is delayed! monono
As a former Red Cross emergency volunteer in London, I have experienced that events such as blackouts, gas leaks and floods aren’t as uncommon as we would like to think. I have a camping bag as a “go bag” containing: toilet roll soap toothbrush and toothpaste a change of clothes, walking shoes and a raincoat a blanket a first-aid kit with added blister plasters and water filtration tablets 2 large bottles of water four days’ worth of non-perishable snacks (cereal bars, crackers, flapjack type things) a battery and solar-powered radio a battery and solar-powered torch a map and compass a small address book containing my loved ones’ home addresses.
I’m a *** botanist, and I was in the mountains looking at plants in Portugal when the power outage occurred. The top item is a portable solar recharger. So much of the information we have is carried on our mobile phones. Also, the internet/reception just doesn’t go down, it flickers on and off. This is essential for finding out what has happened, planning, or to let people know you’re OK.
Cash. There are no working cards or cashpoints, so you will need to buy food and a bottle of water with cash.
Good shoes or boots. You may need to set off on foot for considerable distances.
Light. Darkness can become dangerous with unlit stairs, streets, or just to keep your sanity.
A sense of adventure and humour. Reconnecting with the everyday realities of Europeans who lived just a few generations ago and feeling grateful for the comforts we now take for granted is a humbling experience.
I made it out of the mountains OK but a worried partner was waiting for me. AstridCardamine
In 2003, I happened to be in New York on the day of the great north east blackout. I’d been to a conference and was due to fly back to the *** that evening. I was one of the last to get through security and into the departure lounge: as I walked in, the lights went out and the toilets, taps and tills all stopped working. Passengers were mutually supportive, sharing food, drink, phonecards, empathy and information.
So my prep would be: gut-feeling, kindness, hope, things to share and a good book. WoollyAphid
So they’re ready at hand, I would suggest panic, despair, calm, ennui, lust. theteedeehoo
Toilet roll. Lots and lots of toilet roll. Dorkalicious
I have a couple of flexible lamps that came with a solar panel about the size of a paperback book – brilliant. Hours of light for about an hour of direct sun. Fit easily in a backpack. Probably not much good during a nuclear winter, but then nothing else is going to be, either. Has anyone mentioned chocolate? gardenerofearth
Dark chocolate, 78%, and sweet popcorn. (While we’re at it, Jaffa Cakes, Pringles, washed down with Hula Hoops.) My survival list is very …involved. EmmaStone
As a Californian with a hefty and evolving earthquake kit, don’t forget cash! Also, once a year, review your prep stash and swap out expiring food, batteries, meds etc. jgurrrl
A petrol or diesel-powered car. An angle grinder, so I can cut my way out of the lift. wyrcommunity
I’m from Canada. Whenever there is a storm with wind or ice, we fill our water *****, pots and bathtubs and get out the supplies. We have a woodstove to keep us warm, cook on and melt snow. We also keep our camping gear close at hand, so we can make coffee with our jet boil. We have solar power banks and lights as well as battery-operated options. And a gas-powered generator. And beer. marmalily
There’s no need to do any “prepping”, leave the preppers to act out their doomy end of days stuff, and wish them well in their bunkers. bricklayersoption
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Cisco Earnings Preview: Security Bets Face First Big Test Post-Splunk Acquisition
Cisco Earnings Preview: Security Bets Face First Big Test Post-Splunk Acquisition
Cisco (NASDAQ:) reports their fiscal Q3 ’25 after the closing bell on Wednesday, May 14th, 2025, with sell-side consensus expecting (per Briefing.com) $0.92 in earnings per share on $14.05 billion in revenue, for expected year-over-year (y-o-y) growth of 5% and 11% respectively.
LSEG data shows expectations of $0.92 in EPS, $14.08 billion in revenue growth and $4.7 billion in operating income, for y-o-y growth of 5%, 11% and 9% respectively.
If you want one chart that details Cisco’s progress over the years, here it is:
If you click on and expand the chart, Cisco’s total return has given up about 500 bp’s a year for the last 25 years relative to the total return.
What’s Changed?
Well nothing yet: Cisco paid $28 billion for Splunk (NASDAQ:), closing the deal in March, 2024, and since Splunk is Cisco’s entry into the security market, and security or cyber-security remains one of the fastest growing segments within tech, maybe there’s a chance to finally generate some revenue and cash-flow growth for the networking giant.
For some portfolio’s Cisco could be a value way to play the cybersecurity sector.
EPS and revenue estimate revisions:
Cisco has seen some positive EPS estimate revisions since the summer of ’24 (post Splunk) for the fiscal ’25 and ’26 years.
Cisco revenue estimate revisions for 2025 and 2026 have also been steadily positive since the summer of 2024.
Conclusion:
Cisco’s all-time-high was $82 in April of 2000, and the stock hasn’t gotten close since after doing numerous (maybe hundreds) smaller dilutive acquisitions, which destroyed shareholder value and really didn’t leave the company or shareholders any more “enriched”. In July, 2025, Chuck Peters will be at the helm of Cisco for a full 10 years, and while the stock has performed better over that ******* – up +10% from July 1 ’15 to May ’12, 2025 – it’s still trailing the S&P 500, but only by 105 basis points, which is a mild positive for Chuck.
The big question seems to be whether Splunk can amount to anything meaningful at Cisco.
Networking is still 50% of Cisco’s annual revenue, and at best grows at a mid-single-digit revenue rate, with some periods far less than that. While “security” at Cisco stagnated at 6% – 7% of revenue for years, by adding Splunk, security revenue is now 15% of total Cisco revenue. The integration is expected to take at least 8 quarters or two full years since the Splunk deal closed in March ’24, so we will know more a year from now how Splunk is adding to Cisco’s organic growth.
Morningstar has noted Cisco is not an AI player, and with Splunk, security will likely be a far ******* segment than AI.
With security, is Chuck Peters trying to convert Cisco from a hardware to a software company? Yes and no. IBM (NYSE:) under Arvind Krishna is trying to do just that, and has met with some success, but Chuck Peters has been a Cisco-lifer, and to my knowledge hasn’t worked at anywhere in a leadership role, and so only knows Cisco as a hardware company.
Since 2010, and using the official revenue estimates for fiscal ’25 through ’28, Cisco has averaged just 3% revenue growth per year.
Since 2010, with the same constraints as revenue, Cisco EPS growth has averaged 7% per year.
Until the networking giant can break the bounds of these constraints and generate some revenue growth, the only real benefit to owning the stock is to own an “uncorrelated” or “non-correlated” tech name that the market has completely forgotten. The stock has completely sat out this 15-year secular bull market, which – if you think about it – presents an opportunity in and of itself.
Clients own a very small position – just waiting for some ray of light to commit more to the stock.
Trading at $62 today, or 17x forward earnings with 0% expected EPS growth for fiscal 2025 (ends July ’25), on 1% revenue growth, guidance will be a key component of Wednesday night’s earnings call.
None of this is advice or a recommendation, but only an opinion. Past performance is no guarantee of future results.
(Previous Cisco articles: , , and an article on Splunk )
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Democrats take aim at GOP’s Medicaid work requirements – Politico
Democrats take aim at GOP’s Medicaid work requirements – Politico
Democrats take aim at GOP’s Medicaid work requirements PoliticoMedicaid work requirements would ‘kick a lot of people off’ of health care coverage, Sen. Warnock says CNBCRepublicans’ Planned Medicaid Cuts Draw Protests at House Hearing The New York TimesCapitol Police arrest protesters disrupting budget markup as Cory Booker thanks them for defending Medicaid Fox NewsDemocrats sound alarm over GOP Medicaid proposal they say could affect millions NPR
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