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The gold price reached yet another record high on Wednesday (April 16), breaking US$3,300 per ounce.

The precious metal has gained significant momentum since the beginning of the year. In trading on Wednesday it surged past the US$3,200 mark, climbing as high as US$3,354.10 per ounce. The price retreated below the US$3,300 mark on Thursday (April 17).

The rise comes after statements from US Federal Reserve Chairman Jerome Powell made at the Economic Club of Chicago on Wednesday. In his remarks, he said that he expects US President Donald Trump’s tariff policy to negatively impact US economic growth and further fuel inflation.

In addition to gold climbing to record highs, the US dollar sank to its lowest point in three years with the DXY dollar index falling to 99.3 points on Thursday.

Gold price chart, April 10, 2025, to April 17, 2025.

Gold prices have soared in recent weeks amidst the chaos caused by Donald Trump’s tariff announcements on April 2.

Those measures included a 10 percent tariff on all but a handful of countries, including Canada and Mexico, with more severe reciprocal tariffs to come into effect this week. However, on April 9, Trump announced he would pause the additional tariffs for 90 days, saying more than 70 countries had contacted him to make deals.

Trump may have also been feeling pressure from economic advisors as a surge in treasury yields signaled a potential economic crisis brewing in the US bond market. Normally a safe haven during market volatility, the bond market saw a significant selloff this week as US tariffs and worries about the US economy’s stability spooked traders.

Although the pause gave most countries some breathing room, tariffs against China were left on the table. After much back and forth, US tariffs levied against China have now increased to 145 percent.

The net effect of Trump’s actions has been political and financial turmoil, sparking selloffs in major stock markets and pushing prices for safe-haven assets like gold to fresh records.

Additionally, China, Japan and South Korea agreed on March 30 to seek deeper free trade ties in response to the threat of tariffs from the US government. The deal marks a significant move by the three countries following decades of US diplomacy to maintain close relationships with Japan and South Korea.

Securities Disclosure: I, Dean Belder, hold no direct investment interest in any company mentioned in this article.

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Westport Fuel Systems Inc. (TSX: WPRT Nasdaq: WPRT) (‘Westport’ or the ‘Company’) announces that the Company will release Q1 2025 financial results on Tuesday, May 13, 2025, after market close. A conference call and webcast to discuss the financial results and other corporate developments will be held on Wednesday, May 14, 2025.

Time: 10:00 a.m. ET (7:00 a.m. PT)
Call Link: https://register-conf.media-server.com/register/BI73bcac200e5f4652873668cf803d72ed
Webcast: https://investors.wfsinc.com

Participants may register up to 60 minutes before the event by clicking on the call link and completing the online registration form. Upon registration, the user will receive dial-in info and a unique PIN, along with an email confirming the details.

The webcast will be archived on Westport’s website and a replay will be available at https://investors.wfsinc.com .

Annual General and Special Meeting

Westport will host its 2025 Annual General and Special Meeting (the ‘Meeting’) virtually on May 15, 2025 at 10:00 a.m. PT (1:00 p.m. ET).

To streamline the virtual meeting process, Westport encourages shareholders to vote in advance of the Meeting using the voting instruction form or the form of proxy which has been shared with shareholders with the Meeting materials. Further instructions on voting and accessing the meeting are contained in the Management Information Circular under ‘Section 1: Voting’ – upon receipt, please review these materials carefully.

Registered Shareholders and duly appointed proxyholders can attend the meeting online at https://meetnow.global/MD2JR55 to participate, vote, or submit questions during the meeting’s live webcast.

About Westport Fuel Systems

At Westport Fuel Systems, we are driving innovation to power a cleaner tomorrow. We are a leading supplier of advanced fuel delivery components and systems for clean, low-carbon fuels such as natural gas, renewable natural gas, propane, and hydrogen to the global transportation industry. Our technology delivers the performance and fuel efficiency required by transportation applications and the environmental benefits that address climate change and urban air quality challenges. Headquartered in Vancouver, Canada, with operations in Europe, Asia, North America, and South America, we serve our customers in approximately 70 countries with leading global transportation brands. At Westport Fuel Systems, we think ahead. For more information, visit www.wfsinc.com.

Investor Inquiries:
Investor Relations
T: +1 604-718-2046
E: invest@wfsinc.com

News Provided by GlobeNewswire via QuoteMedia

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On April 17 (Thursday), Judge Leonie Brinkema of the US District Court for the Eastern District of Virginia ruled against Google (NASDAQ:GOOGL) in the antitrust case concerning its advertising technology business, casting a shroud of uncertainty over the future of the tech giant’s online advertising business.

Brinkema will now need to determine what remedies to impose on Google to restore fair market competition. The plaintiffs sought to force Google to divest its Ad Manager, which includes the company’s publisher ad server and its ad exchange, to restore competition in the market. This outcome is far more likely following Judge Brinkema’s ruling.

This is a developing story happening alongside a similar case against Meta Platforms (NASDAQ:META), which is being sued by the Federal Trade Commission (FTC) for allegedly monopolizing social media through its acquisition of Instagram in 2012 and WhatsApp in 2014.

This trial against Google began in September 2024, and the plaintiffs in the lawsuit comprise the Department of Justice (DOJ) and attorneys general from eight states.

The plaintiffs argued that Google’s dominance in ad tech allowed it to charge higher prices and take a larger share of ad sales. They accused Google of stifling competition by controlling the technology used to place ads on websites across the internet.

The ruling against Google marks a significant step in one of numerous anti-competitive cases brought against Google in the past few years, both in the US and internationally.

It follows an earlier ruling in August 2024 in which Google was found to have an illegal monopoly in the online search market in the US. That case will move into the remedies phase next week, with a court date of April 21, 2025.

“This is a game-changer,” wrote Connecticut Attorney General William Tong, one of the plaintiffs in both cases. “As Judge Brinkema writes in her decision, Google was in direct violation of the Sherman Act by dictating how digital ads are sold and the terms under which its rivals can compete.

‘With this victory in hand, we can hopefully work now towards restoring a fair, free, and competitive digital advertising marketplace. This decision is the first step in opening up competition so that Connecticut businesses and consumers will pay less for advertising – and therefore less for goods and services. We will no longer be under the thumb of a gigantic multinational conglomerate.”

US District Judge Amit Mehta, who ruled against Google in the August 2024 case, has considered imposing structural remedies that could involve forcing Google to divest its Chrome business, although Google has argued divestiture would hurt consumers. Instead, the company has suggested allowing browser companies to have multiple default agreements with various search engines.

Regulators have been digging into various aspects of Google’s business, including its advertising technology, search practices and mobile operating system.

In addition to the current case, Google is also facing scrutiny from antitrust regulators in Europe, the UK and other jurisdictions. The outcomes of these cases could have far-reaching implications for Google’s business model and the tech industry as a whole.

Today’s ruling signifies a major development in the ongoing scrutiny of Big Tech’s market dominance, which echoes efforts to dismantle AT&T’s (NYSE:T) phone monopoly in the 1980s. The eventual outcome of that case led to AT&T’s breakup into seven independent enterprises, which laid the groundwork for some of today’s major telecommunications and internet services providers, including Verizon (NYSE:VZ) and Lumen Technologies (NYSE:LUMN). It also gave cable companies like Comcast room to expand into internet services.

Whatever outcome Judge Brinkema decides, the ruling could reshape the online advertising landscape and have far-reaching implications for both the company and the broader tech industry.

Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.

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As gold and silver continue to prove their worth as sound investments, market participants should know how precious metals investments are taxed in the US.

While the majority of gold and silver investing comes with a certain degree of taxation, there are different levels of tax based on how market participants decide to invest in these precious metals, how long the investments are held for and the investors individual tax bracket.

Read on for a breakdown of the taxes associated with investing in gold and silver bullion, ETFs and stocks, as well as the forms involved with reporting precious metals investments.

In this article

    How are physical gold and silver taxed?

    Gold and silver bullion, coins and bars are seen as collectibles by the Internal Revenue Service (IRS) in the US. Thus, physical gold and silver, no matter the form, are subject to a higher rate of capital gains tax when they are sold. The same is true for fellow precious metals platinum and palladium.

    While long-term capital gains would typically carry a top bracket of 20 percent, collectibles can be taxed at a higher 28 percent.

    The total an investor will owe in capital gains tax when selling physical gold and silver is based both on their income bracket and the length of time they held the asset.

    The long-term capital gains tax on physical gold and silver is equal to an investor’s marginal tax rate, up to a maximum of 28 percent due to their status as a collectible, meaning those in higher tax brackets still only have to pay 28 percent on long-term gains from physical precious metals sales.

    It is worth noting that the 28 percent maximum is only for long-term capital gains, which applies to metals that an investor has held for more than one year. Short-term capital gains on precious metals held for less than one year are taxed at ordinary income rates.

    For example, a person in the highest tax bracket purchased 100 ounces of physical gold at US$1,800 per ounce and two years later sold their holdings for US$2,000 per ounce. While they are in the 37 percent tax bracket, they would pay 28 percent tax on the capital gains made from these sales. As they earned US$20,000 in capital gains, that would translate to US$5,600 in income tax.

    However, if the investor sold the gold at the same gain just 11 months after they purchased it, it would count as short-term capital gains, and the investor would be taxed at 37 percent and owe US$7,400.

    Investors who are in one of the tax brackets below 28 percent are taxed at the standard rate of their bracket when selling their solid gold and silver assets, whether they are held short- or long-term.

    Similarly to other investments, precious metals sold at a loss can be used to offset capital gains.

    How are gold and silver ETFs taxed?

    Like all other exchange-traded funds (ETFs), gold ETFs and silver ETFs act in the same manner as individual stocks, meaning that investing in these ETFs is similar to trading a stock on an exchange. There are two main types of gold and silver ETFs: those that track the prices of those metals and those that track gold or silver stocks.

    ETFs that follow metals prices provide exposure to either physical gold or silver, or gold or silver futures contracts. It is important to keep in mind that investing in these ETF platforms does not allow investors to own any physical gold or silver — in general, even an investment in an ETF that tracks physical gold or silver cannot be redeemed for the tangible metal.

    ETFs that invest in gold or silver companies provide exposure to gold- and silver-mining stocks, as well as gold- or silver-streaming stocks.

    In terms of taxation, capital gain taxes from selling gold and silver ETFs is determined by the ETF’s holdings, the investors tax bracket and how long they held the asset for.

    Funds will often supply investors with tax forms that they can use to fill out their income tax. The webpage for a fund should have a document describing how income tax is handled for that fund, which is worth reading before investing in it.

    Long-term capital gains from selling shares of gold and silver ETFs are subject to a 28 percent maximum federal income tax rate if they hold physical precious metals and 20 percent if they hold stocks. While long-term capital gains would typically be capped at 20 percent maximum rate. This is because the holdings are considered collectibles, as described in the section above. Short-term gains made from selling gold or silver ETFs are subject to a maximum federal rate of 37 percent.

    Additionally, these gains could get slapped with a 3.8 percent net investment income tax for high net-worth investors, and a state income tax may also apply.

    Futures-based commodity ETFs can come with their own set of rules that you can learn about here. Briefly, they are often taxed in a 60/40 hybrid, with 60 percent treated as long-term gains and 40 percent treated as short-term gains. Additionally, this is calculated at the end of each tax year, whether a sale is made or not.

    ETFs that hold stocks are taxed in the same way as traditional securities, which you can read more about below.

    How are gold and silver stocks taxed?

    In terms of tax on gold and silver stocks, long-term gains from selling are subject to the standard 20 percent maximum federal rate, while short-term gains will face a maximum federal rate of 37 percent. For investors in higher income brackets, there is the potential for gold and silver stock investments to also be hit with the 3.8 percent net investment income tax as well as state income tax.

    Unlike physical precious metals and ETFs that hold them, precious metals stocks are not classified as collectibles, which is why the long-term capital gains tax is capped at 20 percent instead of 28 percent.

    Stocks sold at a loss are important as well as they can be used to offset capital gains when filing income tax.

    How to report taxes on physical gold and silver investments

    Market participants who sell precious metals in the US for a profit are required to report that profit on their income tax return, regardless of whether or not the dealer has any reporting obligation.

    When selling gold and silver investments in the US, there are two different sets of reporting guidelines — one applies to the dealer through which a person sells and the other applies to the investor who is selling the asset.

    It is important to note that taxes on the sale of gold and silver will not be due the moment that the sale is made, and the tax bill for all of these sales is due at the same time as a standard income tax bill.

    For investors selling precious metals, capital gains or losses need to be reported on Schedule D of Form 1040 when making a tax return.

    Investors will first need to detail their precious metals transactions on Form 8949, including the length of time the investments were held. This form must be filed alongside Schedule D. Investors then use this information alongside the 28% Rate Gain Worksheet included in the Schedule D instructions.

    Depending on the type of metal being sold, Form 1099-B may have to be submitted to the IRS by the broker when the sale closes, as such transactions are considered income. As for when a broker will need to file Form 1099-B, there are specific rules that determine which sales of precious metals require the dealer to file this form that apply to transactions over a 24 hours period.

    For gold sales, reportable items include specific gold coins, including the 1 ounce Canadian Gold Maple Leaf and Gold Kruggerand, and gold bars and rounds of at least 0.995 fineness. As for quantity, only sales of more than 25 gold coins and or more than 1 kilogram in gold bars and rounds will require the form.

    Sales of 0.999 fine silver bars and rounds totaling over 1,000 ounces qualify. For silver coins, US coins with above 90 percent silver are reportable, but Silver American Eagle coins are not. Sales of silver coins exceeding US$1,000 will require a form.

    When it comes to selling gold and silver overseas, market participants must follow the laws as they apply to the sale of gold and silver investments in that particular country.

    The information in this article does not constitute tax advice, and investors should work with a tax professional or program to help them make sure everything is reported accurately.

    Securities Disclosure: I, Lauren Kelly, currently hold no direct investment interest in any company mentioned in this article.

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    Russia’s Supreme Court on Thursday lifted a ban on Afghanistan’s ruling Taliban, a group that was designated as a terrorist organization more than two decades ago.

    The Taliban seized power in Afghanistan in August 2021 as US and NATO troops were in the final weeks of withdrawing from the country after two decades of war.

    The Russian court’s move was a diplomatic victory for the Taliban, who were put on Moscow’s list of terrorist organizations in 2003, making any contact with them punishable under Russian law.

    At the same time, Taliban delegations have attended various forums hosted by Russia as Moscow has sought to position itself as a regional power broker.

    The court’s ruling on a request by the Prosecutor General’s Office followed last year’s adoption of a law stipulating that the official designation as a terrorist organization could be suspended by a court.

    The former Soviet Union fought a 10-year war in Afghanistan that ended with Moscow withdrawing its troops in 1989.

    Russian officials have recently been emphasizing the need to engage with the Taliban to help stabilize Afghanistan.

    In recent years, the Central Asian nations of Kazakhstan and Kyrgyzstan have removed the Taliban from their lists of terrorist groups.

    The Taliban initially promised a more moderate rule than during their first stint in power from 1996 to 2001, but started to enforce restrictions on women and girls soon after the 2021 takeover. Women are barred from most jobs and public places, including parks, baths and gyms, while girls are banned from education beyond sixth grade.

    Such measures have isolated the Taliban on the world stage, although their government has established diplomatic ties with countries including China and the United Arab Emirates.

    The UN this year renewed its call for the Taliban to lift the bans.

    The group’s decrees limiting the participation of girls and women have affected foreign aid to the country. The Taliban also have brought back their strict interpretation of Islamic law, or Shariah, including public executions.

    Some Taliban want greater engagement with the international community and want to scrap harsher policies to attract more outside support. In recent months, there has been increased engagement between the Taliban and the US under President Donald Trump, mostly because of prisoner exchanges and releases.

    Ibraheem Bahiss, a senior analyst with Crisis Group’s Asia Program, said the Taliban’s listing as a terrorist group was a legal impairment for trade and political ties with Kabul and its lifting reflected Moscow’s desire to improve relations.

    “However, beyond making it easier for individuals and businesses to engage with Afghanistan, I am not sure what other major benefit this will have,” he said.

    South Asia analyst Michael Kugelman said the Russian move was not ground-breaking because many countries had never formally designated the Taliban as a terrorist organization. At the same time, he called the decision a “win-win” for bilateral relations.

    For Russia, he said it would serve as a confidence-building measure helping pave the way for more engagement and enabling Moscow to better protect its interests in Afghanistan, particularly concerns about anti-Russia terror groups like Islamic State-Khorasan.

    “Meanwhile, for the Taliban, the court decision is a legitimacy-boosting outcome they can leverage to point to international acceptance of their rule,” Kugelman observed.

    This post appeared first on cnn.com

    US airstrikes on an oil port in western Yemen have killed at least 38 people, Houthi-run Al-Masirah TV reported Friday, marking one of the deadliest days since the United States escalated its aerial military campaign against the Iranian-backed group in recent weeks.

    US Central Command said Thursday the strikes on Ras Isa fuel port in Hodeidah province were aimed at cutting off revenue to the Houthis, adding the port has been used as a source of illicit profits to the group.

    “The objective of these strikes was to degrade the economic source of power of the Houthis, who continue to exploit and bring great pain upon their fellow countrymen,” the US Central Command said in a statement. “This strike was not intended to harm the people of Yemen.”

    Al-Masirah reported that all those killed were workers at the port and that the strikes also injured 102 people, citing the Houthi-run health ministry’s regional office.

    Since mid-March, US airstrikes have pounded Houthi targets in Yemen, hitting oil refineries, airports and missile sites, with US President Donald Trump vowing to use “overwhelming force” until the US achieves its goal of stopping the Houthis from targeting shipping in the Red Sea.

    Houthis have launched numerous missiles against Israel and disrupted shipping in the Red Sea in what they say is in solidarity with Palestinians against Israel’s war in Gaza since the October 7, 2023 attacks.

    Video aired on Al-Masirah shows the injured receiving treatment at a hospital after dawn, many with visible burns to their bodies.

    “Multiple air raids targeted the area,” a man who identified himself as a civil defense worker told Al-Masirah as he lay on an examination table, breathing heavily. “I found myself falling on the ground as a rocket hit.”

    Another survivor at the hospital described the moment the port was struck.

    “One strike after another, the whole area was lit on fire,” he told Al-Masirah. “When we managed to leave the area, we saw the place where we were hiding earlier getting struck too.”

    The US says its campaign is working. National Security Advisor Mike Waltz said that multiple Houthi leaders had been killed.

    While as many as 80 Houthi military officers may have been killed, according to analysts, the senior echelon of its military and political leadership appears intact. So are at least some of its missile-launching sites.

    Meanwhile, the Houthis have continued to launch more than a dozen ballistic missiles at Israel, and barrages of drones and missiles at US navy ships. While none caused major damage, the threat remains.

    Early Friday, Israel’s military said it intercepted a missile from Yemen. No injuries were reported, Israel’s emergency service said.

    This post appeared first on cnn.com

    A striking portrait of a young Palestinian boy who lost both arms in an Israeli airstrike in Gaza City has been named Press Photo of the Year.

    Photographer Samar Abu Elouf, who is also from Gaza, met nine-year-old Mahmoud Ajjour three months after an explosion severed one of his arms and mutilated the other. Ajjour and his family were evacuated to Doha, Qatar, where Abu Elouf is based, to receive medical treatment.

    “One of the most difficult things Mahmoud’s mother explained to me was how, when Mahmoud first came to the realization that his arms were amputated, the first sentence he said to her was, ‘How will I be able to hug you?’” Abu Elouf wrote in her accompanying notes on the image, which was taken for and published in The New York Times.

    The photo is a stark reminder of the long-term costs of the war in Gaza, which has killed tens of thousands and led to widespread destruction and displacement of its residents. The UN’s Office for the Coordination of Humanitarian Affairs estimates about half of those killed are women and children. Israel’s ongoing assault on Gaza was triggered by the deadly October 7 rampage by Hamas militants.

    “This is a quiet photo that speaks loudly. It tells the story of one boy, but also of a wider war that will have an impact for generations,” said Joumana El Zein Khoury, executive director of World Press Photo, in a press statement.

    The jury observed three central themes — conflict, migration, and climate change — in the entries this year, says Lucy Conticello, director of photography for Le Monde’s M magazine and one of the judges.

    “Another way of seeing them is as stories of resilience, family, and community,” Conticello said in a press statement.

    The contrast in the winning photo — light and dark, beauty and pain — captured the attention of the judges, she added.

    The winning photo was selected from nearly 60,000 entries submitted by 3,778 photographers across more than 140 countries.

    Two other works were selected as runners-up: an otherworldly image of Chinese migrants warming themselves by a fire after crossing the US-Mexico border, and a haunting image of a young man walking to his village, once accessible by boat, along a desert-like riverbed in the Amazon.

    Winners were also selected for regional categories, including an ethereal image of a stranded Boeing jet surrounded by floodwaters at Salgado Filho International Airport in Brazil, and a groom at his wedding in Sudan.

    The winning images are currently on display in a traveling exhibition, which opens today (April 18) in Amsterdam at De Nieuwe Kerk, followed by shows around the globe, including in London, Jakarta, Sydney and Mexico City.

    This post appeared first on cnn.com

    US Secretary of State Marco Rubio said Friday that if it is not possible to end the war in Ukraine, the United States needs to abandon its efforts and move on.

    “If it is not possible to end the war in Ukraine, we need to move on,” he told reporters before departing Paris. “We need to determine very quickly now, and I’m talking about a matter of days, whether or not this is doable.”

    The comments come a day after he and special envoy Steve Witkoff met with European and Ukrainian allies as US President Donald Trump’s administration pushes for an end to Russia’s war in Ukraine.

    A US-authored outline of a peace plan had received an “encouraging reception” at the talks, according to a State Department readout, which did not give details on the outline. Rubio also spoke with Russian foreign minister Sergey Lavrov and conveyed the same outline, the readout said.

    Speaking Friday, Rubio said he and Witkoff had come to Paris to “begin to talk about more specific outlines of what it might take to end the war” and whether or not this is a war that can be ended.

    “If it’s not possible, if we’re so far apart that this is not going to happen then I think the president is probably at a point where he’s going to say we’re done,” he said.

    “It’s not our war. We didn’t start it. The United States has been helping Ukraine for the past three years and we want it to end, but it’s not our war,” he added.

    “President (Trump) has spent 87 days at the highest level of this government repeatedly taking efforts to bring this war to and end. We are now reaching a point when we need to decide and determine whether this is even possible or not. Which is why we’re engaging both sides.”

    Meanwhile, Russia launched a missile attack on Ukraine overnight, hitting a residential neighborhood of the city of Kharkiv. The strike killed one person and wounded 67 others, authorities said Friday, adding they feared more people could be trapped beneath the rubble of a damaged apartment building.

    Step towards minerals deal

    Rubio’s words of warning on Friday come after the US and Ukraine moved closer toward clinching an agreement on a minerals deal on Thursday night.

    Kyiv and Washington have now signed a memorandum as a move towards the proposed agreement, Ukrainian Economy Minister Yulia Svyrydenko said.

    “We are happy to announce the signing, with our American partners, of a Memorandum of Intent, which paves the way for an Economic Partnership Agreement and the establishment of the Investment Fund for the Reconstruction of Ukraine,” Svyrydenko said in a post on X.

    Ukrainian President Volodymyr Zelensky had said earlier Thursday that a memorandum related to the deal could be signed remotely that day.

    “This document is the result of the professional work of the negotiating teams, which recently completed another round of technical discussions in Washington,” Svyrydenko continued. “Ahead is the finalization of the text of the agreement and its signing — and then, ratification by parliaments.”

    “There is a lot to do, but the current pace and significant progress give reason to expect that the document will be very beneficial for both countries,” Svyrydenko concluded.

    An earlier iteration of the minerals deal went unsigned following a public argument between Zelensky and Trump in February.

    This is a developing story and will be updated.

    This post appeared first on cnn.com

    Police have arrested scores of people in Pakistan in recent weeks after more than 10 mob attacks on outlets of US fast-food chain KFC, sparked by anti-United States sentiment and opposition to its ally Israel’s war in Gaza, officials said.

    Police in major cities in the Islamic nation, including the southern port city of Karachi, the eastern city of Lahore and the capital Islamabad, confirmed at least 11 incidents in which KFC outlets were attacked by protesters armed with sticks and vandalized. At least 178 people were arrested, the officials said this week.

    KFC and its parent Yum Brands, both US-based, did not respond to requests for comment.

    A police official, who spoke on condition of anonymity, said one KFC employee was shot and killed this week in a store on the outskirts of Lahore by unknown gunmen. The official added there was no protest at the time and they were investigating whether the killing was motivated by political sentiment or some other reason.

    In Lahore, police said they were ramping up security at 27 KFC outlets around the city after two attacks took place and five others were prevented.

    “We are investigating the role of different individuals and groups in these attacks,” said Faisal Kamran, a senior Lahore police officer, adding that 11 people, including a member of the Islamist religious party Tehreek-e-Labbaik Pakistan (TLP), were arrested in the city. He added the protests were not officially organized by TLP.

    TLP spokesman Rehan Mohsin Khan said the group “has urged Muslims to boycott Israeli products, but it has not given any call for protest outside KFC.”

    “If any other person claiming to be a TLP leader or activist has indulged in such activity, it should be taken as his personal act which has nothing to do with the party’s policy,” said Khan.

    KFC has long been viewed as a symbol of the United States in Pakistan and borne the brunt of anti-American sentiment in recent decades with protests and attacks.

    Western brands have been hit by boycotts and other forms of protests in Pakistan and other Muslim-majority countries in recent months over Israel’s military offensive in the Gaza Strip.

    The war was triggered by the Palestinian militant group Hamas’ October 7, 2023, attack on southern Israel, in which 1,200 people were killed and 251 taken hostage to Gaza, according to Israeli tallies.

    Since then, more than 51,000 Palestinians have been killed in the Israeli offensive, according to local health authorities.

    Yum Brands has said one of its other brands, Pizza Hut, has faced a protracted impact from boycotts related to Israel’s war in Gaza.

    In Pakistan, local brands have made inroads into its fast-growing cola market as some consumers avoid US brands. In 2023, Coca-Cola’s market share in the consumer sector in Pakistan fell to 5.7% from 6.3% in 2022, according to GlobalData, while PepsiCo’s fell to 10.4% from 10.8%.

    Earlier this month, religious clerics in Pakistan called for a boycott of any products or brands that they say support Israel or the American economy, but asked people to stay peaceful and not destroy property.

    This post appeared first on cnn.com

    With so many articles and videos on popular media channels advising you not to look at your 401(k) during this market downturn, avoiding taking the other side is tough. If you are close to retirement or retired, isn’t a market downturn a good excuse to look at your 401(k)? After all, you’ve stashed away hard-earned money to enjoy those big post-retirement plans.

    The stock market is well-known for its uncanny ability to throw you surprises, but the recent headline-driven price action is especially difficult to navigate. While it’s true that, over the longer term, the broader market tends to trend higher, if you’re not in a position to patiently wait for that to occur, you may want to reevaluate your portfolio sooner rather than later. The “set-it-and-forget-it” strategy can work at times but not always.

    Is the Stock Market Headed Lower?

    Let’s look at where the overall stock market stands by analyzing the S&P 500 ($SPX), starting with the daily chart.

    FIGURE 1. DAILY CHART OF S&P 500. After falling below its 200-day moving average, the S&P 500 is struggling to remain above its 5400 level. Will it hold? Chart source: StockCharts.com. For educational purposes.

    It’s clear the S&P 500 is trending lower and that the 50-day simple moving average (SMA) has crossed below the 200-day SMA, further confirming the downward trend of the index. After reaching a high of 6147.43 on February 19, 2025, $SPX started its decline, falling below its 50-day SMA and then its 200-day SMA.

    Although the index tried to bounce back to its 200-day SMA, it failed to break above it and fell to a low of 4835.04 on April 7, 2025. Since then, the S&P 500 has been trying to bounce back. It filled the April 4 down gap, but has been stalling around the 5400 level since then, on lower volume. It’s almost as if investors are sitting on the sidelines for the next tariff-related news which could send the S&P 500 higher or lower.

    Going back, the 5400 was a support level for the September 2024 lows, between the end of July and early August, and in mid-June. There have also been price gaps at this level during those times. The chart of the S&P 500 has a horizontal line overlay at the 5400 level. This could act as a resistance level for a while, or the index could soar above it, in which case this level could act as a support level.

    Save the chart in one of your ChartLists and watch how the price action unfolds for the next few weeks.

    Where’s the Breadth?

    It’s worth monitoring the Bullish Percent Index (BPI) of the S&P 500. The chart below displays the S&P 500 BPI ($BPSPX) in the top panel and $SPX in the bottom panel.

    FIGURE 2. BULLISH PERCENT INDEX FOR THE S&P 500. The $BPSPX recovered after falling below 12.5. Even a move over 50 should be eyed with caution. Chart source: StockCharts.com. For educational purposes.

    The recent slide in the S&P 500 took the $BPSPX to well below 12.5. It has reversed and is above 30, which is encouraging. A rise above 50 is bullish but, as you can see in the chart, the last time $BPSPX crossed above 50 (dashed blue vertical lines), it turned back lower, only to start its descent to the lowest level in the past year. Save your excitement until the $BPSPX is over 50 and a turnaround in the $SPX is in place.

    This could take a while, which is why, if you’re close to retirement or already retired, you may have to consider selling the rip, or if the situation turns bullish, buy the dip. It may be time to unwind some positions, so evaluate your portfolio and make decisions that are aligned with your lofty retirement plans.

    So, heck yeah! Look at your 401(k) now!


    Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional.