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Wall Street continues to climb a wall of worry even as investors deliberate how much longer equities can maintain their record run. But questions remain for investors after some major disappointments in an intense week suggested more challenges ahead. Apple dropped 3% this week after reporting lackluster earnings, weighing on the Dow Jones Industrial Average. Elsewhere in corporate earnings, regional banks as represented by the SPDR S & P Regional Banking ETF slid 7% after poor results from New York Community Bank spurred investor fears of a wider contagion. Signs of market weakness For investors, there may be more issues in the market going forward in 2024.
Persons: Stocks, Jerome Powell, Apple, Scott Rubner, Goldman Sachs, Rubner, Russell, Liz Ann Sonders, Charles Schwab, CNBC's, Sonders, Lehman, Raymond James, Josh Beck, James McCann, Abrdn, McCann, Rhys WIlliams, Williams, it's, Art Hogan, They're, Hogan, Estee, Eli Lilly, Ralph Lauren, Rowe Price, Philip Morris Organizations: Meta, Dow Jones, Regional Banking, New York Community Bank, Bank, Microsoft, Nvidia, Apple, Markets, Wayve Capital Management, Riley, Atlanta, PMI, Simon Property, Companies, Tyson Foods, Semiconductor, Caterpillar, Prudential Financial, Ford Motor, Enphase Energy, GE Healthcare Technologies, Consumer, Walt Disney Co, Wynn Resorts, PayPal, Brands, CVS Health, Hilton Worldwide, Uber Technologies, Costco Wholesale, Motorola Solutions, Expedia, Rowe Price Group, ConocoPhillips, The Hershey Co, Philip Morris International, PepsiCo Locations: China
In one extraordinary video, he shouted and cursed at Shoigu and Gerasimov, demanding ammunition so his men could keep fighting as he stood in a field littered with the corpses of Wagner fighters. Prigozhin performed a U-turn and Wagner fought on, eventually capturing the city in late May. But a turning point came weeks later when he rejected an order for Wagner fighters to sign contracts placing them under the control of the defence ministry. Two weeks later, a video appeared to show Prigozhin welcoming his fighters to Belarus. Taking advantage of his political connections, Prigozhin was awarded major state contracts, becoming known as "Putin's chef" after catering for Kremlin events.
Persons: Wagner, Yevgeny Prigozhin, Marina Lystseva, Vladimir Putin, Sergei Shoigu, Staff Valery Gerasimov, Prigozhin, Putin, Christo Grozev, Bellingcat, Donald Trump, Stanislav Belkovsky, Mark Trevelyan, Cynthia Osterman, Nick Macfie Organizations: REUTERS, Marina, Defence, Staff, Kremlin, Financial Times, St, Thomson Locations: wreckages, Tver, Russia, Ukraine, Moscow, Ukrainian, Bakhmut, Rostov, Belarus, St Petersburg, Africa, St Petersburg's, U.S, Niger, Prigozhin
June 30 (Reuters) - At least 48 people were killed in a road accident in Londiani, western Kenya, on Friday evening when a lorry carrying a shipping container veered off the road and ploughed into several vehicles, police and witnesses said. Regional police commander Tom Odera said the death toll stood at 48 on Friday evening. The trailer went off the road and hit other vehicles," said Peter Otieno, a driver. The Kenya Red Cross said the lorry rammed more than six vehicles and ran over pedestrians. "The country mourns with the families who have lost loved ones in a horrific road accident in Londiani," Kenyan President William Ruto wrote in a tweet.
Persons: Tom Odera, swerved, Peter Otieno, William Ruto, Humphrey Malalo, Duncan Miriri, Hereward Holland, Leslie Adler, Sandra Maler, Alistair Bell Organizations: Regional, Kenya, Cross, Kenyan, Thomson Locations: Londiani, Kenya, Nairobi
A man watches a television screen showing a news broadcast with file footage of North Korea's leader Kim Jong Un, at the Seoul Railway Station in Seoul on May 31, 2023. North Korea's first attempt at launching a military spy satellite resulted in failure on Wednesday, with South Korea's military picking up wreckage after the carrier rocket crashed into its western waters. North Korea's state media agency, the Korean Central News Agency, said that an "accident" occurred during the launch of a military reconnaissance satellite. North Korea's state media added that the failed launch was due to "low reliability and stability of the new-type engine system applied" to the carrier rocket and the "unstable character of the fuel used." South Korean officials added that they are in the process of recovering "what could be the wreckages from the purported 'space launch vehicle' fired by North Korea."
Persons: Kim Jong Un, Korea's Organizations: Seoul Railway, Korean Central News Agency Locations: Seoul, South, North, Korea, North Korea
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