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January 7, 2025

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South Korean authorities have granted a request to extend a warrant to detain the country’s suspended President Yoon Suk Yeol for questioning over his surprise declaration of martial law last month.

The warrant expired on Monday at midnight (10 a.m. ET) but was reissued on Tuesday afternoon local time by Seoul Western District Court at the request of the Corruption Investigation Office (CIO).

The deadline for the warrant has not been disclosed. They are usually valid for seven days but can be granted for longer if the judge deems it necessary.

The CIO, which is working with police and the defense ministry to investigate Yoon, has also requested police execute the warrant for Yoon’s detention. Police have a larger force and more equipment to carry out his arrest than the anti-corruption agency.

Yoon, who was stripped of his presidential powers last month after his short-lived martial law order roiled the country, is wanted for questioning in multiple investigations, including over accusations of leading an insurrection – a crime punishable by life imprisonment or even the death penalty.

The approval of the initial warrant, first issued on December 31, was the first time such action has been taken against a sitting president.

Investigators attempted to take Yoon into custody on Friday but were forced to back off after an hours-long showdown at the presidential compound.

On Monday, protesters both in support of and against Yoon gathered near the presidential compound amid heavy police presence. Yoon’s supporters have vowed to try and block further attempts to arrest him.

Yoon, a former prosecutor, has so far refused to answer summonses by investigators asking for his cooperation, according to the CIO.

Once the warrant has been enforced, it starts a 48-hour countdown for investigators to hold and question Yoon. The CIO would need to apply for another warrant within that period to detain him for longer.

Yoon’s declaration of martial law in December was met with widespread public backlash, with members of his own party turning on him to support the impeachment vote following his refusal to resign.

But the suspended president’s backers have insisted that the actions being taken against him are contrary to South Korean law and Yoon has remained defiant in the face of the investigations and an impeachment trial underway by one of the country’s highest courts.

Hundreds of supporters also gathered outside Yoon’s residence on Friday in protest of the actions, with his lawyer reiterating in a statement that day that the court order was “an illegal, invalid warrant,” and vowed to take legal action against its execution.

Yoon’s defense team also filed an injunction against the warrant with the Constitutional Court, as well as a separate objection filed to a lower court over the order.

This post appeared first on cnn.com

Rio Ferdinand knows first-hand the weight of expectation that comes with donning the iconic red colors of Manchester United.

Formerly the world’s most expensive defender, the former England international lifted six Premier League titles, the Champions League and two League Cups during an illustrious 12-year spell at Old Trafford.

Those were the days when United dominance was par for the course; the reality now, though, couldn’t be any more different.

The Red Devils currently languish in the bottom half of the league table with few immediate signs of improvement since the appointment of Rúben Amorim a mere six weeks ago.

Ferdinand, though, is calling for calm heads and a patient, holistic approach amidst the chaos.

“It’s weird to say this of Manchester United, but I just don’t think we can put targets on things. We’re not in a position to do that.

“We have a lot of rebuilding of players individually, of a team, but also of a culture and environment.

“That’s going to take time, so to put a target above that in terms of position and winning things … takes away from all of those four things that need building.”

A ‘different beast’

The team in charge of spearheading this renewal project is the combined force of the aforementioned Amorim and the soccer operations arm of the club, INEOS.

Both have staked their reputations to help reverse the United’s stark decline in fortunes in the post-Alex Ferguson era.

For Amorim, who arrived in England as one of the most coveted managers on the European continent, the question is whether he can make the step up in quality, stakes and profile.

For INEOS, they will be judged by the decisions taken on the pitch and in the boardroom – decisions that, so far, have proven to be divisive among the fan base and pundits alike.

United’s new CEO Omar Berrada has already laid out a three-year plan that, in his eyes, would culminate in the Red Devils lifting the Premier League trophy again in 2028 to coincide with the club’s 150th anniversary.

That dream currently looks to be further away than ever.

“We need to give INEOS the chance to prove that they are capable of dragging the club from where we are,” Ferdinand explains. “They’re now making decisions and their decisions are going to be judged.

“What he’s (Amorim) done with Sporting… (He) changed the narrative of that football club for a few years. But also his charisma and his ability to communicate has been very impressive and it was before he came.

“It’s alright doing that at Sporting. It’s a very different beast at Manchester United.

“In 2025, I hope Manchester United become a positive football club with positive energy around them, and the narrative isn’t always dejected disappointment.”

Contrasting fortunes

One club that United could take an example from at this moment is historic arch-rival Liverpool.

Questions were raised as to whether Jürgen Klopp’s successor, Arne Slot, could follow in the footsteps of one of the most successful managers in the club’s era.

Those doubts, though, have been silenced in spectacular fashion so far this season with the Dutchman leading the Merseyside outfit to both the top of the English Premier League and UEFA Champions League tables, winning all six games in the latter.

So how does Ferdinand view the clubs’ contrasting approaches to succession planning?

“It’s a lot of confusion and noise over (Manchester United) compared to a very seamless, quiet kind of approach (at Liverpool),” he says.

“(It) shows you the importance of the infrastructure behind the scenes, but also don’t forget that (the Liverpool) squad was a much more stable squad as well.

“A team of people who have won at that club, (that) have been there for a long time. They had the components in there that were working but just wasn’t maybe working the right way and needed fine tuning.

“I always look at it as (Manchester) City winning – ‘That’s a nightmare’ – or Liverpool going to be winning this year, ‘It’s a nightmare.’ … I can suffer that over there a little bit if we’re starting to move and go in the right direction.”

With Manchester United not even in the discussion for title contention and local rival City enduring its worst ever spell under Pep Guardiola, current logic and form would dictate the title could be Liverpool’s to lose this season.

“I don’t think City can turn it around to win the league this year,” says the former defender.

“I thought City would win it again (and) Arsenal would run them close, but I think Liverpool have come out of the traps fast. They’ve got a consistency that no one seems to be matching at the moment, so they’re a team to beat.”

Big calls at United

Continuity within Liverpool’s playing squad is in stark contrast to United’s approach, with Amorim not being afraid to wield the axe – chief amongst those impacted is homegrown player Marcus Rashford.

Since being frozen out of the first-team squad, the England international has recently hinted that his days in Manchester may be numbered.

Ferdinand, though, isn’t sure it’s the right decision.

“Only time will tell with that,” he says. “He’s probably over-scrutinized, unfortunately for him, but that comes with the territory of Manchester United and being one of the bigger players there.

“If you’ve got an image that’s up here then you’re going to bring more pressure. I hope that he as a person, more importantly, doesn’t come out of this too damaged because I think it’s been a lot to take on his shoulders as a player.

“If there’s a glimmer of hope with this manager, then I think he’ll give Marcus the opportunity. But every manager has big calls – it’s just they’re bigger at Manchester United.”

‘It’s wild’

Big calls and big personalities are the nature of the beast at United.

Ferdinand has been privy to witnessing and playing with some of the greats of the game during his trophy laden career; perhaps none more so than Cristiano Ronaldo.

The two lined up alongside each other at United on 221 different occasions between 2004 and 2009. That era would propel the Portuguese wonderkid to global stardom.

A fabulous tally of 118 goals sealed a move to Real Madrid where he would continue his ascent to the pantheon of all-time greats by netting 450 goals.

When Ferdinand announced his retirement from the game in May 2015, Ronaldo was still racking up his goal tally, adding 101 at Juventus and a further 27 during his second spell at United.

Now plying his trade in Saudi Arabia, the goalscoring machine is yet to stop, even as he approaches his 40th birthday in February.

“It’s crazy. It’s wild (what he does),” Ferdinand says of his former teammate. “He’s a great example to all these young players of what it takes: the discipline, the commitment, the sacrifice it takes to get to the top, but more importantly, stay there.”

And it’s not just domestically where Ronaldo reigns supreme.

With 135 goals in 217 matches and counting, the leading goalscorer in men’s international soccer shows little signs of slowing down.

With European qualification for the 2026 FIFA World Cup set to begin in March, Ferdinand would relish the opportunity to see one of the sport’s all-time greats once again appear on the biggest global stage.

“For what it would mean and the narrative, I think, yes,” says the former England captain.

“Him and (Lionel) Messi are the two main genuine superstars still playing.

“I think it would be very difficult to get two like that, especially in the same era, to do what they’ve done for so long at that level. Vinícius (Jr.), Kylian (Mbappé), Jude (Bellingham), Lamine (Yamal) now, (Erling) Haaland they are the next ones … I think (Jamal) Musiala’s got a chance of being (a part of) that.”

This post appeared first on cnn.com

Stock futures are trading slightly lower Monday morning as investors gear up for the final month of 2024. S&P 500 futures slipped 0.18%, alongside declines in Dow Jones Industrial Average futures and Nasdaq 100 futures, which dropped 0.13% and 0.17%, respectively. The market’s focus is shifting to upcoming economic data, particularly reports on manufacturing and construction spending, ahead of this week’s key labor data releases.

November was a standout month for equities, with the S&P 500 futures rallying to reflect the index’s best monthly performance of the year. Both the S&P 500 and Dow Jones Industrial Average achieved all-time highs during Friday’s shortened trading session, with the Dow briefly surpassing 45,000. Small-cap stocks also saw robust gains, with the Russell 2000 index surging over 10% in November, buoyed by optimism around potential tax cuts.

As trading kicks off in December, investors are keeping a close eye on geopolitical developments in Europe, where France’s CAC 40 index dropped 0.77% amid political concerns, while Germany’s DAX and the U.K.’s FTSE 100 showed smaller declines.

S&P 500 futures will likely continue to act as a key barometer for market sentiment, particularly as traders assess the impact of upcoming economic data and global market developments.

S&P 500 Index Chart Analysis

This 15-minute chart of the S&P 500 Index shows a recent trend where the index attempted to break above the resistance level near 6,044.17 but retraced slightly to close at 6,032.39, reflecting a minor decline of 0.03% in the session. The candlestick pattern indicates some indecisiveness after a steady upward momentum seen earlier in the day.

On the RSI (Relative Strength Index) indicator, the value sits at 62.07, having declined from the overbought zone above 70 earlier. This suggests that the bullish momentum might be cooling off, and traders could anticipate a short-term consolidation or slight pullback. However, with RSI above 50, the overall trend remains positive, favoring buyers.

The index’s recent low of 5,944.36 marks a key support level, while the high at 6,044.17 could act as resistance. If the price sustains above the 6,020 level and RSI stabilizes without breaking below 50, the index could attempt another rally. Conversely, a drop below 6,020 could indicate a bearish shift.

In conclusion, the index displays potential for continued gains, but traders should watch RSI levels and price action near the support and resistance zones for confirmation.

The post Stock Futures Lower after S&P 500 futures ticked down 0.18% appeared first on FinanceBrokerage.

Stock futures climbed on Wednesday, driven by strong performances from Salesforce and Marvell Technology, following upbeat quarterly earnings. Futures tied to the Dow Jones Industrial Average rose by 215 points (0.5%), while S&P 500 futures gained 0.3%, and Nasdaq-100 futures advanced by 0.7%.

Salesforce surged 12% after reporting fiscal third-quarter revenue that exceeded expectations, showcasing robust demand in the enterprise software sector. Meanwhile, chipmaker Marvell jumped 14% after surpassing earnings estimates and providing optimistic fourth-quarter guidance, indicating resilience in the semiconductor industry.

This movement follows a mixed session on Wall Street, where the S&P 500 and Nasdaq closed with small gains, while the Dow dipped slightly. The broader market has experienced a modest start to December, contrasting with November’s robust rally, but analysts anticipate a resurgence in momentum. LPL Financial’s George Smith pointed out that December historically sees strong market performance, particularly in the latter half of the month.

However, economic data introduced some caution. ADP’s report revealed that private payrolls grew by just 146,000 in November, missing estimates of 163,000. This signals potential softness in the labor market, with investors now awaiting Friday’s November jobs report for further clarity.

S&P 500 Index Chart Analysis

Based on the provided stock chart, which appears to be a 15-minute candlestick chart for the S&P 500 Index, here’s a brief analysis:

The chart shows a clear upward trend, with higher highs and higher lows indicating bullish momentum over the analyzed period. The index has steadily climbed from a low of approximately 5,855 to a recent high of 6,053.58, suggesting strong buying interest.

Key resistance is observed near 6,050-6,053 levels, as the price has struggled to break above this zone in the most recent sessions. If the index breaches this level with strong volume, it could lead to further upward movement. Conversely, failure to break out may lead to a pullback, with potential support around the 6,000 psychological level and 5,980, where consolidation occurred previously.

The candlestick patterns show relatively small wicks, indicating limited volatility, which could imply steady market confidence. However, the bullish rally could be overextended, warranting caution for traders, especially if any negative catalysts emerge.

In summary, the short-term trend is bullish, but traders should monitor resistance levels and volume for signs of a breakout or reversal. It’s also essential to watch broader market factors, as indices are often influenced by macroeconomic data and sentiment.

The post S&P 500 climbed 0.3%, and Nasdaq-100 futures jumped 0.7% appeared first on FinanceBrokerage.