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☆ Book bans are accelerating across the country amid right-wing pressure campaign
▼ + stars: | 2024-04-17 | by ( Oliver Darcy | ) edition.cnn.com time to read: +5 min

But, as they try to claim that mantle, many of those same forces in media and politics are behind a disturbing wave of book bans sweeping the nation. PEN America, a non-profit organization committed to protecting free expression, published an alarming report Tuesday indicating that the “book ban crisis” is only getting worse. “There were over 4,000 instances of book bans in the first half of this school year—more than all of last school year as a whole. In doing so, they have also disproportionately targeted books by women and nonbinary authors,” PEN America said. Ted Shaffrey/APSuch brazen book bans — unprecedented in modern American history — is at its worst in the red states of Florida and Texas.

Persons: New York CNN —, Nikole Hannah, Margaret Atwood’s, ” Amy Reed’s, Rupi, “, ”, ’ ‘, Ted Shaffrey, Ron DeSantis, Abdi Nazemian, I’ve, ” Nazemian, “ I’ve, ” Kasey Meehan, Read, we’re Organizations: New York CNN, PEN America, The New York Times, ” PEN America, Central Library, Brooklyn Public Library, PEN Locations: New York, USA, birthed, ’, New York City, Florida, Texas, In Florida, In Texas, Iranian, Iowa

☆ Professor who Columbia president said was ‘spoken to’ for calling Hamas invasion ‘astounding’ says he wasn’t disciplined
▼ + stars: | 2024-04-17 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +3 min

A university spokesperson confirmed that Massad was under investigation for allegedly making discriminatory remarks, as Shafik noted in her Wednesday testimony. Massad told CNN the investigation was “news” to him and he was not aware of it prior to Wednesday. The department chair did not respond, while the dean, Amy Hungerford, referred the inquiry to a university spokesperson who did not offer any comment. “Professor Massad has chaired his final meeting of the academic review committee,” a different Columbia spokesperson told CNN. Columbia Business School assistant professor Shai Davidai, who Shafik said was under investigation for harassment, told CNN that he has never spoken against students by name, only “pro-Hamas” student organizations and professors.

Persons: Minouche Shafik’s, Joseph Massad’s, Massad, ” Shafik, ”, Shafik, ” Massad, “, Amy Hungerford, Elise Stefanik, Mohamed Abdou, Shai Davidai Organizations: New, New York CNN — Columbia University, CNN, Columbia, Education, Workforce, African Studies, of Arts and Sciences, Republican, Arts and Sciences, Columbia Business School Locations: New York, Gaza, Israel, Middle Eastern, Columbia

☆ Stock futures are little changed after S&P 500 posts a fourth losing day: Live updates
▼ + stars: | 2024-04-17 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Stock futures traded near the flatline on Wednesday evening after the S&P 500 and the Nasdaq Composite logged a fourth straight day of losses. Futures tied to the S&P 500 added 0.03%, while Nasdaq 100 futures gained 0.1%. Tech stocks struggled on Wednesday, with the S&P 500 and the Nasdaq Composite registering their fourth consecutive losing session. The Dow, S&P 500 and the Nasdaq have also closed below their respective 50-day moving averages. He said he's watching the 5,150 to 5,200 level of the S&P 500 as key resistance.

Persons: Dow, Jason Hunter, he's Organizations: New York Stock Exchange, Stock, Nasdaq, Dow Jones Industrial, Vegas Sands, Tech, Nvidia, JPMorgan, Alaska Air Group, Netflix Locations: New York City, U.S, Vegas

☆ Iran and Israel dragged their shadow war out of the dark, and it's much more dangerous now
▼ + stars: | 2024-04-17 | by ( Jake Epstein | ) www.businessinsider.com time to read: +6 min

Iran and Israel have fought a deadly shadow war for decades. The two enemies have relied on proxy forces, assassinations, and strikes abroad to hit each other. AdvertisementA decades-long shadow war between Iran and Israel has been thrust into broad daylight. Iran's unprecedented attack on Israel last weekend has notably changed the dynamics of this conflict, and it's now more dangerous. Any Israeli military response to the attack risks an all-out confrontation with Iran and could plunge the region into even more violence.

Persons: —, Alma al, KAWNAT HAJU, Jonathan Lord, Israel, MAHER, MOUNES, Israel —, Joseph Votel, Votel, Christophe Van Der Perre Israel, Josep Borrell, Maj, Hossein, Lord Organizations: Service, Hezbollah, Getty Images Israel, Pentagon, Business, Islamic Revolutionary Guard Corps, Getty, US Central Command, REUTERS Locations: Iran, Israel, Tehran, Lebanon, Hamas, Gaza, Lebanese, Alma, AFP, Iraq, Syria, Israel's, Hormuz, Iranian, Damascus, Syria's, Arad, Spanish

☆ Dollar firms after hot retail sales, yen languishes; China data awaited
▼ + stars: | 2024-04-16 | by ( ) www.cnbc.com time to read: +3 min

The dollar stood just off its highest since early November against a handful of peer currencies on Tuesday, raising intervention worries as the yen languished at its lowest level since 1990 following hotter-than-expected U.S. retail sales. The dollar stood just off its highest since early November against a handful of peer currencies on Tuesday, raising intervention worries as the yen languished at its lowest level since 1990 following hotter-than-expected U.S. retail sales. In the U.S., retail sales rose 0.7% last month, compared with the 0.3% rise that economists polled by Reuters had forecast. The Japanese yen languished under the dollar's continued strength and large interest rate differential between the two countries, breaching 154 to hit a fresh 34-year low against the dollar on Monday. The offshore Chinese yuan was mostly unchanged at 7.2620 per dollar ahead of the key economic data releases out of China.

Persons: Matt Simpson, Shunichi Suzuki, Index's Simpson, bitcoin Organizations: Reuters, Federal Reserve, U.S ., U.S, Traders, Japanese Finance, European Central Bank Locations: China, U.S, Middle

☆ Deepening US divide over Israel tests the limits of free speech
▼ + stars: | 2024-04-16 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +8 min

Separately, on Monday, the University of Southern California canceled the commencement speech of its valedictorian – biomedical engineering major Asna Tabassum, who is Muslim – after her social media posts were targeted by pro-Israel activists, raising questions about the existence of free speech. “Tradition must give way to safety,” USC Provost Andrew Guzman wrote in an online, campuswide letter announcing his decision to axe Tabassum’s speech. In her Instagram profile, she links to a website that calls for the abolishment of the state of Israel. The content of the commencement speech was not mentioned in Guzman’s letter announcing the cancellation, and he argued it was not about speech but about security. When Fisk tried to grab the microphone from Afaneh, the mixer turned into a social media moment.

Persons: ”, Tabassum, –, Andrew Guzman, Jon Chu, Rich Asians ”, Asna Tabassum, CNN’s Nick Watt, ” Tabassum, “, Guzman, ” Guzman, there’s, Tom Cotton of, ” Cotton, Cotton, George Floyd, Sen, John Fetterman, Erwin Chemerinsky, Catherine Fisk –, Fisk, Malak Afaneh, Chemerinsky, Jake Tapper, Defamation League “ Organizations: CNN — Pro, Israel, University of Southern, USC, Rich Asians, Bay, Republican, Fox News, The New York Times, Pennsylvania Democrat, Starbucks, University of California, Berkeley Law, Justice, CNN, Islamic Relations, CAIR, Defamation League Locations: Gaza, Bakersfield , California, University of Southern California, USC, Los Angeles, Israel, Tom Cotton of Arkansas, Pennsylvania, Ann Arbor , Michigan, Berkeley, Oakland , California, Palestine, United States

☆ It may be time for investors to sell Nvidia on the next bounce, according to the charts
▼ + stars: | 2024-04-15 | by ( Katie Stockton | ) www.cnbc.com time to read: +7 min

This would imply that investors can hold NVDA, for now, but may want to reduce exposure after a bigger bounce. —Katie Stockton with Will Tamplin Access research from Fairlead Strategies for free here . Fairlead Strategies Disclaimer: This communication has been prepared by Fairlead Strategies LLC ("Fairlead Strategies") for informational purposes only. Securities, investment products, other financial products or strategies discussed herein may not be suitable for all investors. The recipient of this information must make its own independent decisions regarding any securities, investment products or other financial products mentioned herein.

Persons: Let's, NVDA, Katie Stockton Organizations: Nvidia, Fairlead, CNBC Pro, Securities Locations: overbought

Speaker Mike Johnson on Monday said he planned this week to advance a long-stalled national security spending package to aid Israel, Ukraine and other American allies, along with a separate bill aimed at mollifying conservatives who have been vehemently opposed to backing Kyiv. It came days after Iran launched a large aerial attack on Israel, amplifying calls for Congress to move quickly to approve the pending aid bill. lawmakers on his plan, Mr. Johnson said he would cobble together a legislative package that roughly mirrors the $95 billion aid bill the Senate passed two months ago but that is broken down into three pieces. Lawmakers would vote separately on a bill providing money for Israel, one allocating funding for Ukraine and a third with aid for Taiwan and other allies. “We know that the world is watching us to see how we react,” Mr. Johnson told reporters.

Persons: Mike Johnson, G.O.P, Johnson, “, Mr, Putin, Xi, ” Organizations: Congress, Israel, Ukraine, Republicans Locations: Israel, Ukraine, Iran, Taiwan, America

☆ With Nuclear Deal Dead, Containing Iran Grows More Fraught
▼ + stars: | 2024-04-15 | by ( David E. Sanger | ) www.nytimes.com time to read: +1 min

When Iran agreed to a deal in 2015 that would require it to surrender 97 percent of the uranium it could use to make nuclear bombs, Russia and China worked alongside the United States and Europe to get the pact done. The Russians even took Iran’s nuclear fuel, for a hefty fee, prompting celebratory declarations that President Vladimir V. Putin could cooperate with the West on critical security issues and help constrain a disruptive regime in a volatile region. A lot has changed in the subsequent nine years. China and Russia are now more aligned with Iran’s “Axis of Resistance” to an American-led order, along with the likes of North Korea. The disappearance of that unified front is one of the many factors that make this moment seem “particularly dangerous,” said Vali Nasr, an Iranian-born professor at the Johns Hopkins School of Advanced International Studies, “maybe the most dangerous in decades.”

Persons: Vladimir V, Putin, ”, Biden, Vali Nasr Organizations: White, Johns Hopkins School, International Locations: Iran, Russia, China, United States, Europe, American, North Korea, Israel, Beijing, Moscow, Iranian

This week, a reader's car was damaged when their friend drove it with the parking brake engaged. When he finally finished, my best friend did me a huge favor by driving from Portland to Seattle to bring me my car. While these feelings are perfectly natural, allowing them to ruin your relationship with your best friend would be unfair to you both. Knowing that your best friend "can barely afford rent" and still expecting her to repay you for the car parts is the wrong choice. But even if it isn't, I hope you don't lose your best friend over a single space-out.

Persons: I've, I'd, doesn't Organizations: VW Locations: Seattle, Portland , Oregon, Portland

☆ Iran’s attack seemed planned to minimize casualties while maximizing spectacle
▼ + stars: | 2024-04-14 | by ( Tamara Qiblawi | ) edition.cnn.com time to read: +6 min

Tehran’s operation was highly choreographed, apparently designed to minimize casualties while maximizing spectacle. Over 300 drones and missiles navigated above Iran’s neighbors, including Jordan and Iraq — both with US military bases — before penetrating the airspace of Iran’s mortal enemy, Israel. Rather than fire from one of the neighboring countries where Iran and its non-state allies are present, this was a direct attack from Iranian territory on Israeli territory. This compromised Iran’s ability to damage Israel because it robbed the operation of the element of surprise. Demonstrators wave Iran's flag as they gather at Palestine Square in Tehran on April 14, 2024, after Iran launched a drone and missile attack on Israel.

Persons: Lebanon CNN —, Israel’s, Amir Cohen, Hossein Amir Abdollahian, Donald Trump’s, Qassem Soleimani, Asad, Iran’s, Netanyahu’s, Atta Kenare, “, ”, Parsi Organizations: Lebanon CNN, West Bank, United Nations, Trump, Iranian, US, Getty, Quincy Institute Locations: Beirut, Lebanon, Israel, Jordan, Iraq, —, Iran, Ashkelon, Republic, Damascus, Syria, Yemen, Tehran, Netanyahu’s Israel, Palestine, AFP, DC

☆ Opinion: What does Iran really want?
▼ + stars: | 2024-04-14 | by ( Peter Bergen | ) edition.cnn.com time to read: +10 min

“A modern, strong, peaceful Iran could become a pillar of stability and progress in the region,” former US Secretary of State Henry Kissinger wrote in 2006. Iran introduced into the Iraqi war zone highly effective roadside bombs known as EFPs – Explosively Formed Penetrators – that wounded and killed hundreds of American soldiers. The official US Army history of the Iraq War concluded that Iran was the only winner of that war. Iran’s ‘cookie-cutter approach’Norman Roule was the top US intelligence official on Iran from 2008 to 2017. The withdrawal of the US troops from neighboring Iraq is a key goal of Iran, which exerts considerable influence over some Iraqi politicians.

Persons: Peter Bergen, Osama bin Laden, Shah, Henry Kissinger, Iran’s ayatollahs, Karim Sadjadpour, Sadjadpour, Reagan, bin Laden, bin, al, Saddam Hussein, –, Noam Chomsky, Iran’s, Norman Roule, Roule, propping, Bashar al, Assad, Christine Abizaid, ”, Trump, Obama, Donald Trump, ‘, Benjamin Netanyahu, hasn’t, Joe Biden, Netanyahu, hadn’t, Biden, Abizaid, Mohammed Shia Organizations: New, Arizona State University, Apple, Spotify, CNN, Saturday, East, CIA, US Army, Israel, US National Counterterrorism Center, US Treasury Department, ‘ Deemed, United Nations, Israel’s, Hamas, Iran, White, ISIS Locations: New America, Israel, Iranian, Damascus, Iran, United States, Palestine, ”, Lebanon, Beirut, Saudi, al Qaeda, Iraqi, Saddam, Iraq, Syria, Yemen, Red, Suez, Gaza, New York, Damascus ”, Jordan

☆ Johnson Says the House Will Vote on an Israel Bill in the Coming Days
▼ + stars: | 2024-04-14 | by ( Catie Edmondson | ) www.nytimes.com time to read: +1 min

Speaker Mike Johnson said on Sunday after Iran’s overnight attack on Israel that the House would vote in the coming days on aid for Israel, and he suggested that aid for Ukraine could be included in the legislation. “House Republicans and the Republican Party understand the necessity of standing with Israel,” Mr. Johnson said on Fox News, noting that he had previously advanced two aid bills to help the U.S. ally. “We’re going to try again this week, and the details of that package are being put together. In recent weeks, Mr. Johnson has repeatedly vowed to ensure that the House moves to assist Ukraine. He has been searching for a way to structure a foreign aid package that could secure a critical mass of support amid stiff Republican resistance to sending aid to Kyiv and mounting opposition among Democrats to unfettered military aid for Israel.

Persons: Mike Johnson, ” Mr, Johnson, “ We’re Organizations: Israel, “, Republicans, Republican Party, Fox News, Senate, Republican Locations: Israel, Ukraine, U.S, Taiwan

☆ Congressional leaders at odds over Israel aid next steps as conservatives warn Johnson against including Ukraine funding
▼ + stars: | 2024-04-14 | by ( Michelle Shen | Melanie Zanona | ) edition.cnn.com time to read: +5 min

Johnson has vowed to put some sort of Israel aid bill on the floor this week, but said the details are still being finalized. The House previously struggled to pass a standalone Israel aid bill, but Johnson could draw ire from the right if he ties it to Ukraine or puts the Senate bill on the floor. How Congress reached this pointWhile the Senate passed its foreign aid bill in February, Johnson said he never planned to bring the bill to the floor. The House, in turn, tried but failed to pass a standalone package for $17.6 billion in Israel aid amid opposition from both Republicans and Democratic leaders. At a closed caucus meeting prior to the vote, House Democratic leadership made a forceful case against supporting the standalone Israel aid package to members.

Persons: Mike Johnson, We’re, ” Johnson, Maria Bartiromo, Johnson, Warren Davidson, Mitch McConnell —, Donald Trump’s, Trump, Chuck Schumer, “, ”, imploring Johnson, Schumer, McConnell, Republican Sen, Marco Rubio sidestepped, ” Rubio, CNN’s Jake Tapper, ” Democratic Sen, Chris Coons, ” Coons, Tapper, CNN’s Haley Talbot, Lauren Fox, Manu Raju, Aileen Graef, Avery Lotz Organizations: CNN, Congressional, House Republicans, Republican Party, Israel, Fox News, GOP, Senate, Democrat, Republican, Union, ” Democratic, Republicans, Democratic, Freedom Caucus, House Democratic Locations: Israel, Ukraine, Iran, Taiwan, Mar, Lago, Washington, “ State

☆ Live Updates: Israel Says Confrontation With Iran ‘Is Not Over’
▼ + stars: | 2024-04-14 | by ( Mike Ives | Isabel Kershner | ) www.nytimes.com time to read: +8 min

The Iranian armed forces are among the biggest in the Middle East, with 580,000 soldiers and officers and also 200,000 reservists. The start of a direct military confrontation between Iran and Israel has brought renewed attention to Iran’s armed forces. Instead, Israel and Iran have been engaged in a long shadow war via air, sea, land and cyberattacks, and Israel has covertly targeted military and nuclear facilities inside Iran and killed commanders and scientists. It’s that they realize any war against Iran is a very serious war.”What sort of military threat does Iran pose? The commander in chief of Iran’s armed forces is the supreme leader, Ayatollah Ali Khamenei, who has the last word on all major decisions.

Persons: ”, Afshon Ostovar, “ It’s, Ayatollah Ali Khamenei, Fabian Hinz, “, Atta Kenare, Ostovar, Ayatollah Khamenei, Shah Mohammed Reza Pahlavi, Will Israel’s Organizations: Naval Postgraduate School, Islamic Revolutionary Guards Corps, International Institute for Strategic Studies, Guards, General Staff of, Armed Forces, Quds Force, Agence France, Phantoms, Iranian Army, Associated Press Locations: Tehran, Iranian, Iran, Israel, Damascus, United States, Washington, Lebanon, Yemen, Syria, Iraq, Jihad, Gaza, Berlin, speedboats, Persian, Hormuz, Russia, Ukraine, Sudan, North Korea

☆ Yen crumbles under towering dollar and U.S. Treasury yields
▼ + stars: | 2024-04-12 | by ( ) www.cnbc.com time to read: +4 min

In this photo illustration, the man is holding several U.S. dollar bills with some Chinese yuan in the background. The yen struggled to break away from a 34-year low on Friday and was headed for a weekly decline, while the dollar hovered near a five-month high alongside U.S. Treasury yields as traders heavily scaled back bets for a slew of U.S. rate cuts this year. The yen was last marginally higher at 153.17 per dollar, languishing near a 34-year trough of 153.32 per dollar hit in the previous session on the back of a surge in U.S. Treasury yields, which the dollar/yen pair tends to closely track. The benchmark 10-year yield was last at 4.5784%, flirting with a five-month peak of 4.5930% hit in the previous session. The renewed dollar strength also weighed on the Australian and New Zealand dollars , which each fell 0.02%.

Persons: Tony Sycamore, Shunichi Suzuki, David Doyle Organizations: U.S, Treasury, European Central Bank, Federal Reserve, IG, Japanese Finance, ECB, New, Macquarie Locations: U.S, United States, freefall, Tokyo, New Zealand

☆ Russian soldiers are convinced that getting injured is the only way they can go home to their families, Ukraine says
▼ + stars: | 2024-04-12 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +1 min

Russian soldiers want to get injured as they see it as the only way to go home, Ukraine said. "Therefore, the invaders dream of being injured," Ukraine's National Resistance Center said. AdvertisementRussian soldiers fighting in Ukraine now see getting injured as their only chance to leave the front lines and go home to see their families, according to Ukraine. Ukraine's National Resistance Center said that many Russian soldiers have lost hope that they will be given time away from the front, as Russia doesn't have enough soldiers there. "Therefore, the invaders dream of being injured," it said.

Persons: — Organizations: Resistance Center, Service, Ukraine's, Business Locations: Ukraine, Russia

☆ Nvidia is a buy on the pullback and headed toward a $1,150 target, according to chart analyst
▼ + stars: | 2024-04-12 | by ( Todd Gordon | ) www.cnbc.com time to read: +4 min

A flagship stock like Nvidia (NVDA) takes a month-long breather and many investors want to throw in the towel on the uptrend and say enough is enough. The last time we spoke about NVDA was on Feb 21st just before the earnings report, while I was on a ski vacation. Turning down to the 195-minute chart (that is a half-day chart), we can fine tune our entry on this idea. I added a one-half position size to our short-term Active Opportunities portfolio with stops just below the $832 low. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: NVDA, it's, Elliott, Todd Gordon, Gordon Organizations: Nvidia, PPI, Inside Edge, Inside Edge Capital Management

☆ Coaches Have to Be Salesmen, Too
▼ + stars: | 2024-04-12 | by ( Rory Smith | ) www.nytimes.com time to read: +1 min

West Ham, in the end, could not quite withstand the barrage. Bayer Leverkusen’s first goal — a Jonas Hofmann shot that picked its way through a thronged penalty area — broke its resistance. The club’s Europa League adventure will likely extend no further than the quarterfinals. Xabi Alonso, its estimable young coach, remains on course to claim a treble — league, cup, Europa League — in his first full season. West Ham is starting to feel at home on the continent: It reached the Europa League semifinals in 2022, losing out to Eintracht Frankfurt, and then beat Fiorentina to claim the Europa Conference League trophy in 2023.

Persons: Bayer Leverkusen’s, Jonas Hofmann, Victor Boniface, Xabi Alonso Organizations: Europa League, Leverkusen, League —, Premier League, Newcastle United, Chelsea, Manchester United, Eintracht Frankfurt, Fiorentina, Europa Conference League Locations: West Ham, Europe

☆ Middle class wiped out: Half of Myanmar’s people forced into poverty by civil war, UN report finds
▼ + stars: | 2024-04-12 | by ( Helen Regan | ) edition.cnn.com time to read: +5 min

CNN —Once considered among the most promising economies in Southeast Asia with a growing middle class, Myanmar is now suffering from soaring levels of poverty as a devastating civil war drives tens of millions further into destitution, according to a new United Nations report. Poverty has not only doubled but people are also more deeply poor, the report found. Wignaraja said Myanmar’s middle class is “literally disappearing.”“A 50% collapse of the middle class over two and a half years is quite astounding for this country, but for any country,” she said. The value of Myanmar’s local currency, the kyat, has plummeted, along with rising costs for food and other basic necessities. “We call on all stakeholders — inside and outside Myanmar — to take action and preserve vulnerable households from slipping into irreversible poverty and despair.”

Persons: Aung, Suu Kyi, ”, Kanni Wignaraja, Wignaraja, Achim Steiner Organizations: CNN, United Nations, UN Development Program, UNDP, Asian Development Bank, Bank, Asia Locations: Southeast Asia, Myanmar, destitution, Suu, Yangon, Mandalay

☆ Johnson Floats Voting on Senate Ukraine Bill, With Conservative Policies as Sweeteners
▼ + stars: | 2024-04-12 | by ( Catie Edmondson | ) www.nytimes.com time to read: +1 min

Shortly after congressional leaders met with Japan’s prime minister in Speaker Johnson’s ceremonial office in the Capitol on Thursday morning, the conversation turned to Ukraine aid. Mr. Johnson was in the middle of another agonizing standoff with the ultraconservatives in his conference, after they had blocked legislation to extend a major warrantless surveillance law that is about to expire. His chief Republican antagonist, Representative Marjorie Taylor Greene of Georgia, had intensified her threat to oust him. Even as right-wing Republicans have sought to ratchet up pressure on their speaker, Mr. Johnson has continued to search for a way to win the votes to push through a Ukraine aid. He is battling not only stiff resistance to the idea among House Republicans, but also mounting opposition among Democrats to sending unfettered military aid to Israel given the soaring civilian death toll and humanitarian catastrophe unfolding in Gaza.

Persons: Johnson, Marjorie Taylor Greene, “ We’re, ”, Mr Organizations: Republicans Locations: Ukraine, Marjorie Taylor Greene of Georgia, Israel, Gaza

☆ A dreaded 'death cross' chart pattern points to even more losses for this struggling software stock
▼ + stars: | 2024-04-11 | by ( David Keller | ) www.cnbc.com time to read: +3 min

This week, ADBE flashed the dreaded "death cross" signal — a pattern that typically points to further downside — with the 50-day moving average crossing down through the 200-day moving average. Adobe created a classic double top pattern in January, when the stock retested the December 2023 high around $630 and failed to break above this resistance level. It's worth noting that the death cross observed this week happened only after the stock had established a clear downtrend of lower highs and lower lows. This support level, just below $500, aligns well with the September 2023 price low. Back in 2022, a similar death cross resulted in an additional 45% drop for Adobe before the eventual low was established.

Persons: ADBE, David Keller Organizations: Adobe, CMT

☆ Dan Coats: Why Aid for Ukraine’s Fight Against Russia Matters - The New York Times
▼ + stars: | 2024-04-11 | by ( Dan Coats | ) www.nytimes.com time to read: +1 min

Since Russia’s first invasion of Ukraine in 2014, a rare consensus has formed in Washington around this conviction: America must provide military support to Ukraine’s resistance. Three administrations and large majorities of both parties in Congress have consistently held that President Vladimir Putin’s aggression cannot be tolerated. The choices facing America are always based on the same foundation: what best serves our nation. Those interests are inextricably linked to the strength of our global alliances and the international system of law and cooperation in which American democracy survives and prospers. And the strength of those networks, in turn, depends on our role as a trusted ally and friend, on our credibility and — frankly — on our virtue.

Persons: Vladimir Putin’s Locations: Ukraine, Washington, America

CNN —Myanmar rebels fighting the junta say they have seized the last remaining military base in a key border town, dealing the latest significant blow to the country’s military rulers as they struggle to cling to power. About 200 soldiers abandoned their base in the southeastern town of Myawaddy and have been pushed to the No 2. “Officially we (are in) control of the town Myawaddy since last night,” KNU spokesperson Saw Taw Nee said. Footage also showed Thai military vehicles and troops stationed along the border. CNN has reached out to Myanmar’s military junta for comment.

Persons: Karen, ”, Saw Taw, Thailand’s Mae Sot, Manan Vatsyayana, “, Naw Tee, Aung, Thailand's, Prasarn Saengsirirak, ” Prasarn, Prasarn, Kim Jolliffe, it’s Organizations: CNN, Myanmar, Karen National Union, UN, Reuters, Getty, Karen National Liberation Army, Command, National League for Democracy, Army, Arakan Army Locations: Myawaddy, Myanmar, Thailand, Thailand’s, Tak, Thailand's Mae Sot, AFP, Teetering, Aung San, Kachin, China, Rakhine, Arakan

☆ Ukraine says there are more than 100 Patriot air-defense systems its allies could spare if they wanted
▼ + stars: | 2024-04-11 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +4 min

Ukraine has identified 100 Patriots that it believes its allies can spare, its foreign minister said. AdvertisementUkraine's foreign minister said his team had identified more than 100 Patriot air-defense systems that its allies could spare, as the country struggles with munition shortages against Russian attacks. Ukraine has between three and five Patriot systems; the exact number and location of their deployment have been kept secret. Related storiesUkrainian President Volodymyr Zelenskyy said earlier this month that Ukraine needs 25 Patriot systems with between six and eight batteries each to protect the country fully. AdvertisementThe Post reported that Zelenskyy told Kuleba to focus on persuading countries with spare Patriot systems to transfer them to Ukraine.

Persons: Dmytro Kuleba, —, Volodymyr Zelenskyy, Zelenskyy, Kuleba, Anthony Sweeney, US Army Kuleba, Josep Borrell, Borrell Organizations: Patriots, Service, Washington Post, Patriot, US Army, Congress, U.S, Army, Post, Getty Locations: Ukraine, Greece, Russia, Zaporizhzhia, NATO, Brussels

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