Germany is working to secure a drifting Russian oil tanker, believed to be part of Moscow’s “shadow fleet” used to fund its war in Ukraine, after it lost control in the Baltic Sea. The Eventin tanker, carrying nearly 100,000 tons of oil thought to be from Russia, lost power near…
Venezuelans once again watched as Nicolás Maduro was sworn into office on Friday, donning the executive sash and declaring himself president despite irregularities and questions around his election. He repeated his attacks against the United States and any foreign leaders who did not recognize his return to power and vowed…
Two trams collided in Strasbourg in eastern France on Saturday, causing dozens of injuries, though none critical, authorities said. The accident took place during the afternoon in a tunnel leading to the station near the city’s central train station. An additional 100 people, though uninjured, were assessed for shock or…
Israel will send the chief of its Mossad intelligence agency to Qatar to continue talks over a potential ceasefire-for-hostages deal in Gaza, in a possible sign the negotiations may be advancing. Israeli Prime Minister Benjamin Netanyahu’s office said Saturday it had directed the chief of the Mossad, David Barnea, to…
A former child star from Australia died when the Los Angeles wildfires ripped through his family’s Malibu estate in California earlier this week, according to his mother. Rory Callum Sykes was at the family’s 17-acre Mount Malibu TV Studios estate, where he had his own cottage, when it burned down…
Ukraine claimed Saturday to have struck one of Russia’s largest oil refineries in a drone attack, starting a fire at the facility more than 700 miles into Russian territory. The attack on the Taneco refinery in the city of Nizhnekamsk, Tatarstan – one of the largest and most modern refineries…
When 35-year-old combat medic Tetyana Tsymbaliuk regained consciousness in the hospital room, she found her boyfriend waiting with a bunch of flowers. He proposed, but she declined. After a serious injury, her leg had been amputated; she worried about being a burden as a wife. “I realized that before amputation,…
The 10-Year Treasury Yield has gone up a full percentage point, from a low of 3.6% in September 2024 to a level of 4.6% this week. So what does this rapid rise in interest rates mean for your portfolio? Let’s look at the shape of the yield curve by comparing multiple…
S&P 500 earnings are in for 2024 Q3, and here is our valuation analysis. The following chart shows the normal value range of the S&P 500 Index, indicating where the S&P 500 would have to be in order to have an overvalued P/E of 20 (red line), a fairly valued…
S&P 5850 has been the most important “line in the sand” for stocks since the pullback from the 6000 level in November 2024. With the SPX closing below that 5850 level on Friday, we see further corrective pressures with the 200-day moving average as a reasonable downside target. Today, we’ll break…