Archive

January 14, 2025

Browsing

Ukraine struck Russian regions with a major drone and missile attack overnight, damaging at least two factories and forcing schools to close in a major southern Russian city, according to Russian officials and media.

The Shot Telegram channel said that Russia had downed more than 200 Ukrainian drones and five US-made ATACMS ballistic missiles.

“The enemy has organized a massive combined strike on the territory of the Russian regions,” the Two Majors war blogger said.

Alexander Bogomaz, the governor of the Bryansk region in western Russia, said Ukraine had launched a major missile attack but did not say which missiles had been used.

The Russian defense ministry, which reports on such attacks, made no immediate comment. Reuters was unable to immediately confirm the reports.

In the Russian city of Engels, home to an air base where Russia’s nuclear bombers are based, Saratov Governor Roman Busargin said an industrial enterprise had been damaged by a drone but gave no more details.

Busargin said that classes in schools in Saratov and Engels would be held remotely. Flight restrictions were imposed in Kazan, Saratov, Penza, Ulyanovsk and Nizhnekamsk, Russia’s aviation watchdog said.

Nizhnekamsk, in Russia’s republic of Tatarstan, is home to the major Taneco refinery. Shot said attack sirens were sounded at the refinery. Reuters was unable to immediately verify the report.

Russia fired a new intermediate-range hypersonic ballistic missile known as “Oreshnik,” or Hazel Tree, at Ukraine on November 21 in what President Vladimir Putin said was a direct response to strikes on Russia by Ukrainian forces with US and British missiles.

Putin, after those attacks, said that the Ukraine war was escalating towards a global conflict after the United States and Britain allowed Ukraine to hit Russia with their weapons, and warned the West that Moscow could strike back.

President-elect Donald Trump has pushed for a ceasefire and negotiations to end the war quickly, leaving Washington’s long-term support for Ukraine in question.

Russia’s 2022 invasion of Ukraine has left tens of thousands of dead, displaced millions and triggered the biggest crisis in relations between Moscow and the West since the 1962 Cuban Missile Crisis.

This post appeared first on cnn.com

One of Pope Francis’ lasting reforms will be his reshaping of the papacy to embrace simplicity and humility, as seen in his decisions to live in a Vatican guesthouse and carry his own briefcase onto the papal plane.

With the release of a new autobiography Tuesday, titled “Hope,” Francis underlines this shift with a remarkable openness about his past mistakes and wrongdoings. They include as a young man getting into a fight with a fellow student who “even lost his senses” after hitting his head when thrown to the ground, and insisting that he still commits “errors and sins” today.

For a pope, who Catholic theology holds is “infallible” when teaching on faith and morals, it is even more striking.

“I feel I have a reputation I do not deserve, a public esteem of which I am not worthy,” writes Francis, who was recently awarded the highest civilian honor in the United States by President Joe Biden. “This, beyond doubt, is my strongest sentiment.”

While the memoir covers major events in the Francis papacy, including the revelation that he faced two assassination attempts during his 2021 visit to Iraq, it does not offer many new details about the scandals and controversies he’s had to address during his pontificate and the significant opposition he’s encountered from some church quarters.

On the Catholic Church’s sexual abuse scandal, the pope says he has felt “called to take responsibility for all the evil committed by certain priests.” Francis explained that as he began his pontificate in 2013, Pope Emeritus Benedict XVI gave him a large white box filled with documents “relating to the most difficult and painful situations: cases of abuse, corruption, dark dealings, wrongdoings.” The pope recalls that when he was handed the box, his predecessor said “everything is in here” and that “now it’s your turn” to deal with the problems.

The 88-year-old pontiff also uses the memoir to address the crises facing today’s world. Describing himself as having always been “politically restless,” he repeatedly condemns the evils of war, while linking the rise of populism today to that of the 1930s and Hitler’s Germany. (Francis was born in 1936 and recalls his grandmother standing up to Mussolini’s black shirts.)

Young people, he writes, need to know “how a distorted populism is born and grows,” recalling the “German federal elections of 1932–33 and Adolf Hitler, the ex-infantryman obsessed by the defeat of World War I and about ‘racial purity,’ who had promised the growth of Germany in the wake of a government that had failed.”

The plight of refugees, for whom Francis has been a tireless advocate, is also personal. His paternal grandparents and father had planned to sail in 1927 on the Principessa Mafalda from Italy to Argentina, which sank with the loss of many lives, but ended up making a later crossing. It has made Francis sensitive to the dangers faced by today’s migrants, and he criticizes those countries which produce weapons but then “refuse and turn away the refugees who have been generated by those weapons and by those conflicts.”

Francis’ earthy humility can be traced back to his upbringing. In the memoir, the first Latin American pontiff recalls growing up in the Flores barrio in Buenos Aires, depicting a joyful, varied and close-knit community with people from different faiths but a place where he also saw the “darker and more difficult side of existence,” such as the “prison world” and prostitution.

Later, as a bishop in the Argentine capital, he ministered to prostitutes and recalls how he gave the last rites to one sex worker from his childhood neighbourhood, La Porota, saying that “even now, I don’t forget to pray for her on the day of her death.” Francis’ awareness of human struggles, and his own failings, has made him insist time and again on the importance of God’s mercy. And throughout his pontificate, he has made efforts to welcome LGBTQ+ people, re-iterating in his memoir that God “loves them (gay people) as they are” and describing a group of transgender women who met him in the Vatican as “daughters of God!”

The new autobiography underlines that Francis remains a pope who has a voice that can connect with people beyond the institution of the Catholic Church. The memoir was written over six years in collaboration with Carlo Musso, from Italian publisher Mondadori, and is being released in major languages in over 80 countries.

It follows the publication of another Francis memoir, “Life,” last year. “Hope” was originally due to be published after the pontiff’s death but its release has been brought forward to coincide with the Catholic Church’s jubilee year.

As for the future, the pope says he has not considered resigning, even though it is a “possibility,” and he addresses some of his health difficulties in recent years. Francis says that he is currently in good health and has physiotherapy twice a week, but the “reality is, quite simply, that I am old.” He expected to be elected pope, he says, but since that moment has revealed a determination to remain grounded.

He explains how he shunned the papal apartments in the isolated Vatican’s apostolic palace for the Casa Santa Marta guesthouse because he “cannot live without people around me” and insists on the importance of keeping a sense of humor. That is also evident in the memoir – for instance, when the pope explains how he was told to wear white trousers, rather than black, to go under his new white papal cassock.

“They made me laugh. I don’t want to be an ice cream seller, I said. And I kept my own,” the pope writes.

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.