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Jorge Humberto Figueroa Benítez, identified by the United States government as a key member of the “Los Chapitos” criminal organization, died during an operation aimed at capturing him in the Mexican state of Sinaloa, the country’s Secretary of Security and Citizen Protection Omar García Harfuch said Saturday.

The operation against Figueroa Benitez, known by the nickname “El Perris,” took place in Navolato, 32 kilometers (19 miles) from Culiacán, the state’s capital, according to local media.

The US Drug Enforcement Administration (DEA) was offering up to $1 million for Figueroa Benitez, who was wanted for alleged federal crimes, including conspiracy to import and traffic fentanyl, possession of machine guns and destructive devices, and money laundering conspiracy.

In 2019, the city of Culiacán was the scene of a violent episode known as the “Culiacanazo,” which involved violent armed clashes following the temporary capture of Ovidio Guzmán Lopez, one of the sons of Joaquín “El Chapo” Guzmán. Ovidio was later released by Mexican authorities, arguing that it was to “save lives.”

This post appeared first on cnn.com

After a very strong move in the week before this one, the markets chose to take a breather. They moved in a wide range but ended the week on a mildly negative note after rebounding from their low point of the week. While defending the key levels, the markets largely chose to stay within a defined range. The trading range remained reasonably wide; the Nifty oscillated in a 600.55-point range over the past five sessions. The volatility inched modestly higher; the India Vix rose 4.40% to 17.28 on a weekly basis. While keeping its head above crucial levels, the headline index closed with a net weekly loss of 166.65 points (-0.67).

The coming week will be an expiry week; we will have monthly derivatives expiry playing out as well. Going by the options data, the Nifty has created a trading range between 25100 and 24500 levels. The markets are likely to consolidate in this 600-point trading range. A directional bias would emerge only if the Nifty takes out 25100 on the upside convincingly or ends up violating the 24500 level. While the underlying trend stays intact, the markets are unlikely to develop any sustainable trend so long as they do not move past the 25100 level. While the markets stay in the defined range, it would be prudent to vigilantly guard profits at higher levels and rotate sectors effectively to remain invested in the relatively stronger pockets.

The coming week is likely to see the levels of 25000 and 25175 acting as potential resistance points. The supports come in lower at 24600 and 24450 levels.

The weekly RSI is at 60.14; it stays neutral and does not show any divergence against the price. The weekly MACD is bullish and stays above its signal line.

The pattern analysis shows that the Nifty has formed a trading range between 25100 on the higher side and 24500 on the lower side. This means that a directional bias would emerge only if Nifty moves past 25100 convincingly or violates the 24500 level. Until either of these two things happens, we will see the Nifty consolidating in this defined range. The Nifty has so far defended the pattern support level that also exists in the 24400-24500 zone.

Overall, the markets continue to remain in a challenging environment and face strong resistance near the 25100 level. So long as the Nifty stays below this level, it stays prone to corrective spikes, which may also keep volatility at slightly elevated levels as well. Given the current technical structure, it would be imperative that not only the sectors be rotated properly to stay invested in relatively stronger pockets, but all existing gains must also be vigilantly guarded at current levels by the investors. While continuing to keep leveraged exposures at modest levels, a cautious outlook is advised for the coming week.


Sector Analysis for the coming week

In our look at Relative Rotation Graphs®, we compared various sectors against the CNX500 (NIFTY 500 Index), representing over 95% of the free-float market cap of all the listed stocks. 

Relative Rotation Graphs (RRG) show that while the Nifty Consumption, PSU Bank, Infrastructure, Banknifty, FMCG, and Commodities indices are in the leading quadrant, all are showing a distinct slowdown in their relative momentum against the broader Nifty 500 Index. While these groups are likely to show resilience and may relatively outperform, except for the Consumption Index, they are giving up in favor of other sectors that are showing renewed relative strength.

The Nifty Financial Services Index has rolled inside the weakening quadrant. The Nifty Metal and Services Sector Indices are also inside the weakening quadrant.

While the Nifty Pharma Index continues to languish inside the lagging quadrant, the IT Index, which is also inside the lagging quadrant, is showing sharp improvement in its relative momentum against the broader markets.

The Nifty Realty, Auto, Midcap 100, and Energy Sector Indices are inside the improving quadrant. These groups are expected to continue bettering their relative performance against the broader markets.


Important Note: RRG charts show the relative strength and momentum of a group of stocks. In the above Chart, they show relative performance against NIFTY500 Index (Broader Markets) and should not be used directly as buy or sell signals.  


Milan Vaishnav, CMT, MSTA

Consulting Technical Analyst

www.EquityResearch.asia | www.ChartWizard.ae


The once-solid relationship between President Donald Trump and Apple CEO Tim Cook is breaking down over the idea of a U.S.-made iPhone.

Last week, Trump said he “had a little problem with Tim Cook,” and on Friday, he threatened to slap a 25% tariff on iPhones in a social media post.

Trump is upset with Apple’s plan to source the majority of iPhones sold in the U.S. from its factory partners in India, instead of China. Cook confirmed this plan earlier this month during earnings discussions.

Trump wants Apple to build iPhones for the U.S. market in the U.S. and has continued to pressure the company and Cook.

“I have long ago informed Tim Cook of Apple that I expect their iPhone’s that will be sold in the United States of America will be manufactured and built in the United States, not India, or anyplace else,” Trump posted on Truth Social on Friday.

Analysts said it would probably make more sense for Apple to eat the cost rather than move production stateside.

“In terms of profitability, it’s way better for Apple to take the hit of a 25% tariff on iPhones sold in the US market than to move iPhone assembly lines back to US,” Apple supply chain analyst Ming-Chi Kuo wrote on X.

UBS analyst David Vogt said that the potential 25% tariffs were a “jarring headline” but that they would only be a “modest headwind” to Apple’s earnings, dropping annual earnings by 51 cents per share, versus a prior expectation of 34 cents per share under the current tariff landscape.

Experts have long held that a U.S.-made iPhone is impossible at worst and highly expensive at best.

Analysts have said that iPhones made in the U.S. would be much more expensive, CNBC previously reported, with some estimates ranging between $1,500 and $3,500 to buy one at retail. Labor costs would certainly rise.

But it would also be logistically complicated.

Supply chains and factories take years to build out, including installing equipment and staffing up. Parts that Apple imported to the United States for assembly might be subject to tariffs as well.

Apple started manufacturing iPhones in India in 2017 but it was only in recent years that the region was capable of building Apple’s latest devices.

“We believe the concept of Apple producing iPhones in the US is a fairy tale that is not feasible,” wrote Wedbush analyst Dan Ives in a note on Friday.

Other analysts were wary about predicting how Trump’s threat ultimately plays out. Apple might be able to strike a deal with the administration — despite the eroding relationship — or challenge the tariffs in court.

For now, most of Apple’s most important products are exempt from tariffs after Trump gave phones and computers a tariff waiver — even from China — in April, but Apple doesn’t know how the Trump administration’s tariffs will ultimately play out beyond June.

“We’re skeptical” that the 25% tariff will materialize, wrote Wells Fargo analyst Aaron Rakers.

He wrote that Apple could try to preserve its roughly 41% gross margin on iPhones by raising prices in the U.S. by between $100 and $300 per phone.

It’s unclear how Trump intends to target Apple’s India-made iPhones. Rakers wrote that the administration could put specific tariffs on phone imports from India.

Apple’s operations in India continue to expand.

Foxconn, which assembles iPhones for Apple, is building a new $1.5 billion factory in India that could do some iPhone production, the Financial Times reported Thursday.

Apple declined to comment on Trump’s post.

This post appeared first on NBC NEWS

After 19 months of pounding Gaza, Israel is now under growing pressure from unlikely quarters – some of its closest Western allies.

Their patience has worn thin over Israel’s decision to expand the war and, in the words of one Israeli minister, “conquer” the territory – a move paired with plans to forcibly displace Gaza’s entire population to the south and block all humanitarian aid for 11 weeks.

The United Kingdom has paused trade talks and sanctioned extremist settlers in the West Bank. Canada and France have threatened sanctions. And the European Union – Israel’s biggest trade partner – is reviewing its landmark Association Agreement with the country.

Aid groups have warned that the situation in Gaza is becoming catastrophic, with the United Nations’ humanitarian chief Tom Fletcher last week calling on the world to “act decisively to prevent genocide.”

Dozens of babies have died of malnutrition, according to Gaza’s health ministry, and more than 53,000 people – or 4% of the entire population – have been killed since Israel launched its war following the October 7 terror attacks by Hamas and its allies.

The fact that some of Israel’s closest allies are now pushing back more vocally marks a major shift in attitudes toward the country.

The agreement, which covers various forms of cooperation between the two parties, including the free movement of goods and scientific collaboration, has been in place for 25 years. “The mere fact that this is being discussed seriously today is a sign of not just the increasing frustration, and I think also, let’s be quite clear, anger, in some European capitals over Israeli actions in Gaza,” said Lovatt.

The punitive steps threatened by the EU and other allies are designed in part to sway the domestic debate inside Israel, where society is already extremely divided over the war.

The government, propped up by hardliners from far-right parties, is determined to keep fighting in Gaza. But hundreds of thousands of Israelis demonstrate against the war each week, demanding the government agrees a ceasefire deal to release all the hostages still held in the strip.

In an opinion poll published by Israel’s Channel 12 broadcaster earlier this month, 61% of those surveyed favored ending the war for a deal that secures the hostage release, while only 25% supported the expanded military operation.

That notwithstanding, Arie Reich, a legal scholar at Israel’s Bar-Ilan University who specializes in international trade and EU law, said that external pressure on Netanyahu’s government may not have the desired effect.

“When foreign countries try to interfere in internal matters of another country, especially things that are very dear to them, such as their national security, it usually works as a boomerang, and it actually causes the people to support the government even more,” he said.

“There is a wide consensus in Israel that we want to release our hostages, and that we do not want to go back to where we were on October 6. We don’t want to have this threat of Hamas lingering over us,” Reich said.

But he added that the moves by some of Israel’s allies have made it clear that the “window of using military force is starting to close.”

“And maybe, if it goes on longer than that, I think it’s going to be very hard to maintain normal relations with many countries in the West,” he said.

Israel has so far brushed aside the threats from its Western allies. Prime Minister Benjamin Netanyahu has accused them of “offering a huge prize” to the October 7 attackers, while Israel’s foreign ministry said that “external pressure will not divert Israel from its path in the fight for its existence and security against enemies seeking its destruction.”

This determination to continue may be due to Netanyahu believing that he can, for now at least, rely on the United States for support.

And while the moves are diplomatically symbolic, critics expect little to change on the ground for Palestinians.

Short of a total arms embargo and a full suspension of economic relations, Israel is unlikely to change its ways, he said, arguing that Canada, France and the UK had been “complicit” in Israel’s actions in Gaza by providing it with “military, intelligence, economic, and diplomatic support.”

All three countries have longstanding agreements with Israel that include defense and security cooperation, although the detail of what exactly these contain is unclear.

The UK and France have suspended some arms licenses to Israel over the situation in Gaza but have continued to export military equipment worth tens of millions of dollars to Israel. Canada has said that no export permits on military goods to Israel have been issued since January 8, 2024.

Israel’s most powerful backer stands by it

As Israel’s most powerful ally, the US has the most sway over Netanyahu and his government. And while some in the Trump administration have criticized Israel over the dire humanitarian situation in Gaza, there has been no indication the US would take any punitive actions against it.

It isn’t, however, a “foregone conclusion that the US will continue to always unequivocally back Israel,” Lovatt said.

“While I don’t see a rupture in relations, clearly, the arrival of the second Trump administration has created an interesting dynamic, given the influence of what I would call the ‘America Firsters,’ those in the MAGA world who want to put the US first in everything, and that has, to a certain extent, also applied to Israel,” he said.

The US has moved out of step with Israel on number of issues in recent weeks.

It has struck a ceasefire deal with Yemen’s Iran-backed Houthi rebels without first informing Israel; unilaterally negotiated with Hamas the release of US citizen Edan Alexander from Gaza; and, according to a Reuters report, has dropped its demand for Saudi Arabia to normalize relations with Israel as a condition for US investment and potential US arms deals.

Addressing Israel’s criticism over the deal with the Houthis, US ambassador to Israel Mike Huckabee told Israeli media that the US “isn’t required to get permission from Israel” to get an agreement that protects its ships.

“Netanyahu has positioned himself as a master of the US political game, and as someone who’s best placed to manage and maintain tight Israel relations and to keep any US presidential administration on side. I think seeing some daylight between the Trump administration and the Israeli government clearly puts pressure on Netanyahu,” Lovatt said.

There are signs that some in Israel are worried about the consequences of its actions in Gaza. The leader of Israel’s opposition left-wing Democrats party, retired Israeli general Yair Golan, warned on Tuesday that Israel is “on its way to becoming a pariah state.”

The impact of the pressure from the allies was on display on Sunday, when the Israeli military announced it would allow a “basic amount of food” to enter Gaza as it launched its new offensive in the strip, which Israel says is intended to pressure Hamas to release the hostages held there.

Netanyahu conceded on Monday that if “a situation of famine” arose in Gaza, Israel “simply won’t receive international support.”

In a statement posted to Telegram, he added that even US senators “who have been staunch, unconditional supporters of Israel for decades” had told him that “images of mass starvation” in Gaza would cost Israel their support.

‘More of a threat’

Even if the US won’t use its leverage to force Israel to change its strategy in Gaza in a more significant way, it doesn’t mean Europe can’t put pressure on Israel on its own, experts say.

The European Union is Israel’s biggest trading partner, accounting for roughly a third of its trade in goods.

A full suspension of the Association Agreement between the EU and Israel is unlikely, as it would require unanimous agreement of all 27 EU member states and several have already indicated they would not support it – including Hungary, a staunch supporter of Israel.

Reich said that under the terms of the agreement, both the EU and Israel can terminate it for whatever reason, or even without giving a reason.

“The thing is that within the EU, that would require consensus … and that would be very, very hard, because there are many countries, many (EU) member states that will not go along with this,” he said.

“So I think it’s more of a threat to put pressure (on Israel) and maybe they could manage some temporary suspension of some provisions, but to terminate it, I don’t think it can happen,” he added.

Public support for the country runs deep in many of the bloc’s member states, which makes it difficult for some European governments to push for harsher sanctions against Israel.

And, Lovatt said, many European countries are also aware of the fact that they may need Israel’s help in the future.

“Especially in a situation where European countries are increasingly fearful of Russia’s actions in Ukraine, but also the threat that Russia represents the rest of Europe, and (they) see Israel as an important source of weapons and technology,” he said.

While terminating the association agreement would require unanimity, it would only take a majority of EU states to force through a partial suspension of the agreement.

Even that could be painful for Israel because it could lead to higher tariffs on Israeli products or prevent Israel from taking part in coveted EU projects such as the Horizon Europe program, with more than $100 billion in funding available for research and innovation.

The EU has in the past used its power to put pressure on countries over human rights abuses – often for issues Lovatt says are a lot less serious than the current situation in Gaza.

“The bottom line is that until now, the EU has treated Israel with a degree of exceptionalism by not taking anywhere near the sort of steps that it has taken in other situations of human rights abuses or territorial annexation,” Lovatt said.

This post appeared first on cnn.com

This week, while everyone else is focused on NVIDIA Corp. (NVDA), we will focus our attention on stocks with earnings that may get overlooked.

We’re watching a different group of stocks heading into earnings: Okta, Inc. (OKTA), AutoZone, Inc. (AZO), and Salesforce.com, Inc. (CRM). OKTA and AZO are making new highs as they head into their earnings call, while CRM is struggling.

Let’s break down the best risk/reward set-ups as we kick off the week.

Okta, Inc. (OKTA): Volatility Now, Potential Later

Okta’s stock price broke out to new 52-week highs a week before it posts its quarterly numbers. The cybersecurity company has experienced extreme volatility after posting earnings. In the last three quarters, the stock saw some pretty big swings—up 24.3%, up 5.4%, and down 17.6%. Its average price change post-earnings is +/-10.2%.

Technically, I love this setup. Let’s look at a five-year daily chart.

Shares have broken out ahead of earnings and have a lot to reverse. If we see weakness after results, there are several support areas where we would want to enter the stock with favorable risk/reward. The first strong support area is between $115/$118, an old resistance level that the stock just eclipsed. Old resistance could act as new support and provide an opportunity.

Outside of recent weakness due to “Liberation Day,” OKTA’s stock price has outperformed its peers and held key moving averages. Use levels just below the 50-day moving average around $110 as a near-term stop if $115 doesn’t hold.

To the upside, there is much to reverse and targets of $150 to $160 are attainable. If you’re a longer-term investor, the downtrend is broken and the bulls are back in charge.

AutoZone, Inc. (AZO): Riding Steady 

The retail leader in automotive replacement parts and accessories, AutoZone, Inc. (AZO), continues to rise, slowly and steadily, despite market volatility. The stock price is up 20% year-to-date, and we hope to add to those gains when they report on Tuesday morning.

One thing that has helped AZO’s continued growth is that the average car is roughly 12 years old. Consumers are investing more in maintenance and repairs instead of purchasing new vehicles. And with tariffs, buying a new car becomes more expensive, which benefits the car repair and maintenance business.

Let’s look at that long-term uptrend on a weekly chart going back five years.

The stock is a juggernaut. It has ridden the 50-week moving average consistently since Covid. It is in a beautiful uptrend and made new highs again just last week.

While the trend itself appears a tad extended above its averages, any trip back towards its recent uptrend line gives investors a strong entry point, with downside risk towards its 50-week moving average.

It’s also the best in class when compared to its top competitors, such as O’Reilly Automotive (ORLY) and Advanced Auto Parts (AAP). When looking at strong uptrends in a challenging environment, it’s best to find the best in class, and AZO continues to be just that. The trend continues to be the investor’s best friend.

Salesforce (CRM) Hits a Crossroads

A year ago, Salesforce (CRM) shocked investors with a revenue miss for the first time since 2006. This resulted in the stock price dropping 20% (red box in the chart below). It marked the stock’s low point, as it rallied as much as 74% over the next seven months. It now sits in the middle of a wide year-long range and is poised to move again.

Which way will it go? To examine that question, let’s look at the daily chart of CRM.

Technically, shares are at a crossroads. Shares dropped 37% from their December peak after forming a double top. It just broke its near-term downtrend from its post-Liberation Day lows, experiencing a 28% rally, but paused right at its 200-day moving average.

Momentum appears to be negative. The Moving Average Convergence/Divergence (MACD) has formed a bearish crossover, and shares failed to eclipse the 200-day. Shares are down -18% for 2025, underperforming the tech sector and the S&P 500. CRM sold off late Friday, hitting its 50-day moving average, on news that it’s in talks to acquire Informatica.

If you’re thinking of buying CRM, you may want to hold your horses. Watch the 50-day moving average around $270 to see if it can hold. On strength, look for confirmation and a close above the $295 level for an all clear that momentum has finally shifted in favor of the bulls.

Final Thoughts

OKTA, AZO, and CRM are thoughtful plays based on technical trends and real-world fundamentals. OKTA and AZO could have favorable risk/reward setups. As for CRM, add it to your ChartLists and monitor it regularly.



It scares me to admit I’ve been investing for over 50 years. It’s been a great ride, and fortunately I’m still going strong. One of my investment mantras thru all these years has been Charlie Munger’s quintessential advice: “try to be consistently not stupid.”

We all make investing mistakes, but not all of us learn the appropriate lessons from those mistakes. This blog is less about mistakes and more about lessons. If the investment genie were to offer me a redo on my portfolio management execution from these past decades, here are seven things I would do differently next time around.

  1. More USA, less international. I know what you’re thinking—what about diversification? But I believe that William O’Neil had it right all along. American ingenuity is where you want to invest. Besides, great American companies do business all over the globe. Microsoft is doing your diversification for you.
  2. Hot money managers are not worth chasing. I’ve been guilty of this. Sometimes it works, but only if you get in early and don’t overstay to the point when their hot hand inevitably cools — and it will. I have a long list of managers who can claim this crown.
  3. Keep it simple. Adding complexity or asset classes or different methodologies to your portfolio mix seldom results in outperformance, but we investors will continue to be tempted. Something about human nature wants to seek out complexity. Fight the urge.
  4. Private equity and hedge funds. Recently, the number of new funds and new money has swollen significantly. I never liked the high fees, long terms and lack of liquidity. There are just too many other sensational stock market options (albeit less sexy for cocktail party discussions.)
  5. Fees matter. Even small differences matter and will add up over time. Too often, investors pay for the Los Angeles Dodgers and end up getting the Wichita Mudcats.
  6. Ride those winners! I’ve had five long term holdings that have paid a lot of bills. Hold tight when you find an AMZN, MSFT, COST, V, or MA.
  7. Investing is the art of man versus markets. The voodoo within investing is how best to control your Investor Self. If you memorize only one of the 10 Essential Stages of Stock Market Mastery from our book, let it be Stage 3—The Investor Self.

Trade well; trade with discipline!

Gatis Roze, MBA, CMT

StockMarketMastery.com

  • Author, “Tensile Trading: The 10 Essential Stages of Stock Market Mastery” (Wiley, 2016)
  • Developer of the “Stock Market Mastery” ChartPack for StockCharts members
  • Presenter of the best-selling “Tensile Trading” DVD seminar
  • Presenter of the “How to Master Your Asset Allocation Profile DVD” seminar

P.S. If you would like to be notified when I post a new Traders Journal blog, please submit your preference via the tile in the right column titled FOLLOW THIS BLOG.


Josef Schachter of the Schachter Energy Report shares his updated outlook for oil and natural gas.

He sees a buy window potentially opening for stocks in June, and also believes oil prices are due to rise.

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

This post appeared first on investingnews.com

It was a slow start to the week for gold, but it didn’t take long for the price to pick up.

The yellow metal began the period at the US$3,220 per ounce level, but was gaining steam by Tuesday (May 20), briefly breaking US$3,300. Gold continued higher the next day, and after pulling back briefly on Thursday (May 22) was able to finish the week strong, changing hands at the US$3,360 level.

Bond market turmoil is one factor that’s been influencing gold’s price movements.

A Wednesday (May 21) auction of 20-year bonds was poorly received, with yields surging past 5.1 percent to reach the highest level seen since November 2023. Yields for 10-year and 30-year bonds were also on the rise, with the latter nearing a two-decade high as stocks and the dollar took hits.

The upheaval in bonds came on the back of US President Donald Trump’s efforts to get the One Big Beautiful Bill through the House. Slowing the passage of the wide-ranging domestic policy package were concerns that Trump’s plan to cut taxes would significantly increase US debt.

‘Make no mistake, the bond market will have its own vote on the terms of the budget bill. It doesn’t seem this president or this Congress is actually going to meaningfully reduce the deficit’ — George Catrambone, DWS Americas

Last week’s downgrade of US debt from Moody’s (NYSE:MCO) also didn’t help bonds. The agency bumped its rating down from AAA, its highest ranking, to AA1, which is one step lower. It expects even larger deficits in the US in the coming decade as government revenue stays flat and entitlement spending rises.

The One Big Beautiful Bill ultimately passed on Thursday by a very slim margin, receiving 215 votes in favor and 214 against. It will now proceed to the Senate, where it may face further obstacles.

Contained in the bill are tax cut extensions for both individuals and corporations, as well as provisions for removing taxes on tips and overtime. Among other points, it also allows for tax deductions on American-made vehicles, and offers ‘Trump savings accounts’ for newborns. It cuts funding to initiatives like Medicaid and the Supplemental Nutrition Assistance Program, better known as SNAP.

Preliminary analysis from the Congressional Budget Office, which is a nonpartisan organization, suggests that the bill will increase the federal deficit by US$3.8 trillion during the 2026 to 2034 period.

Bullet briefing — Trump signs nuclear orders, ECB issues gold warning

Trump executive orders boost uranium stocks

The uranium sector got a boost on Friday (May 23) after Trump signed several executive orders geared at overhauling the country’s Nuclear Regulatory Commission and speeding up nuclear reactor deployment.

‘It’s a hot industry. It’s a brilliant industry. You have to do it right,’ Trump told reporters about the nuclear energy sector. The executive orders also focus on power up US uranium mining and enrichment, and will allow nuclear reactors to be built on federal land.

The news sent uranium stocks powering higher, with sector major Cameco (TSX:CCO,NYSE:CCJ) closing the day up 10.04 percent at C$80.55. Denison Mines (TSX:DML,NYSEAMERICAN:DNN) and Uranium Energy (NYSEAMERICAN:UEC) saw even larger gains of 13.49 percent and 25 percent, respectively.

The Sprott Uranium Miners ETF (ARCA:URNM) finished up 12.14 percent.

Gold a threat to financial stability?

A note from the European Central Bank (ECB) turned heads this week with the suggestion that certain dynamics could make the gold market a threat to financial stability. Here’s a key excerpt from the report:

While gold prices are driven by many factors, investors showed high demand for gold as a safe haven asset and, at the beginning of 2025, a notable preference for gold futures contracts to be settled physically. These dynamics hint at investors’ expectations that geopolitical risks and policy uncertainty could remain elevated or even intensify in the foreseeable future. Should extreme events materialise, there could be adverse effects on financial stability arising from gold markets.

The full ECB report is definitely worth a read if you have the time.

China’s April gold imports surge

Gold’s high price hasn’t deterred buyers in China — new customs data from the country shows that April imports clocked in at 127.5 metric tons, an 11 month high.

That’s also a 73 percent increase from the previous month, according to Bloomberg. The news outlet notes that China’s central bank controls the flow of gold in and out of the country, so the strong increase is likely the result of fresh quotas given to some commercial banks.

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

This post appeared first on investingnews.com

United Airlines reached an “industry-leading” tentative labor deal for its 28,000 flight attendants, their union said Friday.

The deal includes “40% of total economic improvements” in the first year and retroactive pay, a signing bonus, and quality of life improvements, like better scheduling and on-call time, the Association of Flight Attendants-CWA said.

The union did not provide further details about the deal.

United flight attendants have not had a raise since 2020.

The cabin crew members voted last year to authorize the union to strike if a deal wasn’t reached. They had also sought federal mediation in negotiations.

U.S. flight attendants have pushed for wage increases for years after pilots and other work groups secured new labor deals in the wake of the pandemic. United is the last of the major U.S. carriers to get a deal done with its flight attendants.

The deal must still face a vote by flight attendants, and contract language will be finalized in the coming days, United said.

This post appeared first on NBC NEWS