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What began as a banner day for stocks turned into a major rout, as investors signaled ongoing skepticism about the longevity of the artificial intelligence boom and trimmed hopes of support from the Federal Reserve.

The tech-heavy Nasdaq fell 2%, and the broad S&P 500 index dropped by more than 1.5%. The Dow Jones Industrial Average, which tracks 30 top-tier stocks, declined by nearly 390 points. It had been up 700 points earlier in the day. Cryptocurrencies also shed billions in value: Bitcoin had fallen below $87,000 as of late Thursday afternoon, weeks after having set highs above $120,000.

The stunning turnaround added further unease to an already shaky economy that has forced households to trim budgets amid stubborn inflation and signs of a wavering job market. With an ever-increasing part of the economy’s principal driver — consumer spending — now reliant on affluent households, an extended market pullback could inflict wider damage.

‘You don’t have to have the biggest bubble in history for an expensive stock market’ and end up seeing declines, said Matt Maley, chief market strategist at Miller Tabak asset management group.

Traders’ hopes were boosted early Thursday by a better-than-expected jobs report that appeared to show the economy remained resilient. Even before the day began, stocks looked poised to rise after Nvidia, the chipmaker at the heart of the AI boom, reported strong quarterly earnings and revenue.

Yet by midday, markets had turned red. The solid September jobs report diminished the odds that the Federal Reserve will cut interest rates next month to lower the cost of borrowing money to spur economic activity. When investors don’t have to pay as much in interest, they often put those savings into stocks.

“The broad rebound in payrolls suggests diminished risks of a higher unemployment rate,” analysts with Morgan Stanley said in a note published shortly before noon. “We no longer expect a Fed cut in December.”

Losses were further compounded by ongoing concerns about AI — specifically, how much more profitable the companies buying chips like Nvidia’s will be. The fears were articulated Wednesday evening on X by Michael Burry, made famous by the movie ‘The Big Short.’

‘Just because something is used does not mean it is profitable,’ he wrote.

Finally, the ongoing sell-off of bitcoin indicated to some traders that a key source of support for stocks — retail or day traders — were beginning to waver on their trademark ‘buy the dip’ mentality.

‘I wouldn’t say we’ve flipped from bull to bear,’ said Steve Sosnick, chief strategist at Interactive Brokers financial group. ‘I would say we’ve flipped from bull to balanced market in the short term. A lot depends on whether sentiment continues to weaken.’

Stocks had already been showing signs of flagging in recent weeks. With Thursday’s losses, the S&P 500 fell to its lowest point since September.

The long-delayed September jobs report, which showed that the United States added a sturdy 119,000 jobs, appeared to show some glimmers of hope for the economy.

Although the unemployment rate ticked up from 4.3% in August to 4.4%, about 450,000 workers entered the labor force. Economists view that as evidence that job opportunities are still plentiful, despite a wave of corporate layoffs.

Just before the Bureau of Labor Statistics released the jobs report, Verizon told employees it planned to lay off 13,000 employees, or about 13% of its workforce.

The company joined a suite of other blue-chip employers that say they plan to eliminate tens of thousands of jobs, including Amazon, General Motors, IBM, Microsoft, Paramount, Target and UPS.

The details of the jobs report, which captured conditions before the government shutdown, as well more recent jobs data, suggested a more mixed picture for the U.S. economy.

Manufacturing shed 6,000 jobs, continuing a trend in a sector the Trump administration has touted as a key target of its economic policies. Transportation and warehousing also lost 25,300 jobs. Wage growth slowed, and job totals for July and August were revised downward.

The employment gains in September were concentrated in the health care, hospitality and social assistance sectors.

Another snapshot of the economy came courtesy of Walmart, which on Thursday reported strong sales and raised its outlook for the year. That strength points to cracks in the economy, though. Executives said the chain is luring more high-income shoppers who are looking for bargains, and noted that lower-income families are feeling more pressure.

‘As pocketbooks have been stretched, you’re seeing more consumer dollars go to necessities versus discretionary items,’ Chief Financial Officer John David Rainey said on an earnings call Thursday morning.

Walmart’s stock closed 6.5% higher.

This post appeared first on NBC NEWS

Bitcoin and ether slumped to multi-month lows on Friday, with cryptocurrencies swept up in a broader flight from riskier assets as investors worried about lofty tech valuations and bets on near-term U.S. interest rate cuts faded.

Bitcoin, the world’s largest cryptocurrency, fell 5.5% to a seven-month low of $81,668. Ether slid more than 6% to $2,661.37, its lowest in four months.

Both tokens are down roughly 12% so far this week.

Cryptocurrencies are often viewed as a barometer of risk appetite and their slide highlights how fragile the mood in markets has turned in recent days, with high-flying artificial intelligence stocks tumbling and volatility spiking VIX.

“If it’s telling a story about risk sentiment as a whole, then things could start to get really, really ugly, and that’s the concern now,” Tony Sycamore, a market analyst at IG, said of the fall in bitcoin.

About $1.2 trillion has been wiped off the market value of all cryptocurrencies in the past six weeks, according to market tracker CoinGecko.

Bitcoin’s slide follows a stellar run this year that propelled it to a record high above $120,000 in October, buoyed by favourable regulatory changes towards crypto assets globally.

But analysts say the market remains scarred by a record single-day slump last month that saw more than $19 billion of positions liquidated.

“The market feels a little bit dislocated, a bit fractured, a bit broken, really, since we had that selloff,” said Sycamore.

Bitcoin has since erased all its year-to-date gains and is now down 12% for the year, while ether has lost close to 19%.

Citi analyst Alex Saunders said $80,000 would be an important level as it is around the average level of bitcoin holdings in ETFs.

The selloff has also hurt share prices of crypto stockpilers, following a boom in public digital asset treasury companies this year as corporates took advantage of rising prices to buy and hold cryptocurrencies on their balance sheets.

Shares of Strategy, once the poster child for corporate bitcoin accumulation, have fallen 11% this week and were down nearly 4% in premarket trade, languishing at one-year lows.

JP Morgan said in a note this week that the company could be excluded from some MSCI equity indexes, which could spark forced selling by funds that track them.

Its Japanese peer Metaplanet has tumbled about 80% from a June peak.

Crypto exchange Coinbase was down 1.9% in premarket trade and is on course for its longest losing streak in more than a month.

Crypto miners MARA Holdings and CleanSpark were down 2.4% and 3.6%, respectively, while the Winklevoss twins’ newly-listed Gemini has plunged 62% from its listing price.

“Bitcoin market conditions are the most bearish they have been since the current bull cycle started in January 2023,” said digital asset research firm CryptoQuant in its weekly crypto report on Wednesday.

“We are highly likely to have seen most of this cycle’s demand wave pass.”

This post appeared first on NBC NEWS

Two federal inmates previously on death row, one a crooked New Orleans cop and the other the man behind a multi-state killing spree, have been transferred to a notorious ‘supermax’ prison in Colorado, the Justice Department told Fox News Digital. 

News of their transfers comes as U.S. Attorney General Pam Bondi looks to crack down on the previous administration’s sweeping clemency actions, especially those against violent crime. 

The former death row inmates were transferred Thursday to the U.S. Penitentiary Administrative Maximum Facility in Florence, Colorado, also known as ‘ADX,’ Justice Department officials confirmed. 

They are among the 37 death row inmates whose sentences Biden commuted shortly before leaving office last December. The news prompted criticism and complaints that the record clemency and commutation actions were done as a political ‘Hail Mary,’ and without proper vetting.

Eight death row inmates have already been transferred to ADX, the Justice Department told Fox News Digital, bringing to 10 the number of death row inmates that have been transferred to the facility since mid-September. 

More are expected soon, as all 37 death row inmates commuted by Biden are expected to be moved to the facility by ‘early next year,’ the Justice Department told Fox News Digital.

The effort comes as Bondi and the Trump administration have sought to reverse some of the Biden administration’s efforts on criminal justice reform, with an emphasis on cracking down on violent crime.

Though sentence commutations cannot be fully reversed, Justice Department officials told Fox News Digital, Bondi has prioritized ways to penalize these individuals, in coordination with directives from Trump, and to ensure that the ‘conditions of confinement’ are ‘consistent with the security risks those inmates present because of their egregious crimes, criminal histories, and all other relevant considerations,’ according to an earlier DOJ memo. 

‘Two more monsters who plotted and violently murdered innocent people will spend the rest of their lives in our country’s most severe federal prison,’ Attorney General Pam Bondi told Fox News Digital in a statement. 

‘This Department of Justice will continue to seek accountability for the families blindsided by President Biden’s reckless commutations of 37 vicious predators,’ she added.

Like the eight former death row inmates that were sent to Colorado’s supermax prison, the two criminals processed in ADX on Thursday have been convicted of particularly heinous crimes. 

One individual chased down his ex-girlfriend from Roanoke, Virginia, to Charlotte, North Carolina, where he cut the phone lines to the apartment she was living in before using cans of gasoline to set the building on fire.

Though she escaped via a second-story window and was hospitalized for second-and third-degree burns, he followed her back to her family’s home in Virginia two months later, where he gunned her down on the streets of her neighborhood and just steps from her mother.  

Another inmate, a former New Orleans police officer dubbed ‘Robocop’ for his large physical demeanor and aggressive law enforcement style, was caught on tape by the FBI as he ordered and orchestrated the killing of a mother of three who had come to the precinct hours earlier to submit a supposedly confidential brutality complaint about his behavior that she witnessed on her way home the night before. 

The FBI had stumbled upon the conversation as part of a broader probe they had started to investigate a so-called ‘protection racket’ between cocaine dealers in New Orleans and the city’s police force, which had been guarding a warehouse stocked with the drug. The same officer was later revealed as one of the chief conspirators in the protection racket. 

He was also found to have falsely testified in two murder cases, including one murder he has since been linked to. The statements were used to exonerate four men from prison, including three teenagers who had been wrongfully convicted of a murder 28 years prior.

ADX is the only true federal ‘supermax’ prison in the U.S., and its inmates are as notorious as the prison’s reputation. 

Among them are Ramzi Yousef, convicted in the 1993 World Trade Center bombing; Dzhokhar Tsarnaev, one of the Boston Marathon bombers; former Sinola Cartel leader Joaquín Guzmán, or ‘El Chapo’; and Mamdouh Mahmud Salim, the co-founder of al-Qaeda.

Shortly after her confirmation as attorney general, Bondi issued a memo aimed at ‘restoring a measure of justice’ to the victims’ families. 

The measures granted by Biden earned more criticism than former President Barack Obama: As Fox News reported at the time, the vast majority of Obama’s clemency actions focused on commuting the sentences of federal inmates who met certain criteria outlined under his administration’s Clemency Initiative.

Bondi hosted victims’ families earlier this year to hear their concerns about the commutations, DOJ said. Some said they had been stunned by the eleventh-hour commutations, and that they not been given a heads-up by the Biden administration.

In February, Bondi issued a memo to the Bureau of Prisons ordering an evaluation of where these prisoners should be detained.

This post appeared first on FOX NEWS

Having covered Ukraine … and Russia … for over three decades, especially the war between the two countries for the last several years, I’ve naturally been fascinated by the latest Trump administration effort to broker peace.

The reaction I’ve been getting from contacts in Ukraine to the 28-point plan to end the war is not all that positive.  

‘It’s not worth the paper it’s written on,’ said one observer.

‘Any deal would have to include Ukraine…and Europe,’ noted another. 

The overall consensus of analysts is that the document is slanted heavily towards Moscow. The man at the center of things, Ukrainian President Volodymyr Zelenskyy, has been diplomatic in various statements, basically saying he’s ‘reviewing the points’ aiming at arriving at a ‘dignified peace.’

There are all sorts of talks happening now between the U.S. and Ukraine and among European leaders. We’re even hearing from Russian President Vladimir Putin. It’s no wonder: The stakes in this war for Europe and the world are enormous. If I were to send a quick note to Zelenskyy, it would go something like this: 

Dear Volodymyr, 

So far so good. You haven’t freaked out, and you’re promising to engage. Rejection of this plan out of hand would have been a non-starter.

You’re staying cool (though a bit grim and determined), and you’re talking to people. 

My overall advice is … pick your fights, don’t sweat the small stuff, and keep the big picture in mind. 

I know what your country is going through. Every time I’m in Kyiv, I go to the same military cemetery outside the city, and it keeps getting bigger and bigger and sadder.

So, as to the points of the plan: There are a lot easy ‘gimmes’ to Russia. Re-joining the G-8. Gradual dropping of sanctions. Granting of amnesty for everything Russian troops have done. I know this stuff is going to stick in your craw, but little of it affects your country’s future. 

I mentioned that you shouldn’t ‘sweat the small stuff.’ Some of the points might sound like a big deal. Like prohibiting ‘Nazi ideology’ in Ukraine. And adopting ‘EU rules on religious tolerance and linguistic minorities.’ That’s pretty much window-dressing for Moscow. Having the Russian language and Russian church regain official status is not horrendous. 

In fact, the plan’s glass is at least one-third full for you guys. Confirming your sovereignty. Russia expected not to invade you again. You will receive reliable security guarantees. Rebuilding pledges and humanitarian promises. They are all good. Just nail down the specifics. Get all sides to commit for sure.

Now to three of the points which cross, according to analysts, your red line. 

Like handing over the rest of the eastern Donetsk region to Russia even though Moscow’s troops haven’t even taken it. The region is referred to as a demilitarized zone in the plan. A ‘DMZ’ ala the divider between North and South Korea. Well, hold them to that. No troops from either side. Tough security on both sides. A neutral body running things. And see if you can get them to not call it Russian!

Then there’s the reduction by a third of your military. Troop strength limited to 600,000. That’s a huge cut, but it’s still not a bad-sized force. That is if…it was properly trained, well-armed, and finely-positioned.  Guarantees are needed for all of this to happen.

And then there’s the other red line : No NATO troops in Ukraine. That would seem to scupper the plan to have foreign peace-keepers on the ground, which has been in the works, to monitor the peace. A possible compromise? They’re stationed around Ukraine’s borders, surveillance keeps a close eye on things and rapid-response forces are at the ready. 

There are also a few ‘gimmes’ for the U.S. in all this, like sharing in the profits of reconstruction. But that’s the price of doing business with President Trump. 

As for that Thanksgiving deadline to sign the deal? The president has already signaled he’s willing to let that slide if there’s talking. 

And that other deadline? One-hundred days until a new election? I know it’s a tough time for you politically with those corruption charges getting near. It might be something you have to live with. 

Anyway, for what it’s worth, that’s my take. 

Negotiations will probably sink on any hard discussion of any of these main points. But you know what the old adage is : ‘jaw-jaw’ is better than ‘war-war.’ 

For the proud people of Ukraine, who have suffered so much during this time, it’s worth your best shot.

Sincerely,

Greg

This post appeared first on FOX NEWS

Two federal inmates previously on death row, one a crooked New Orleans cop and the other the man behind a multi-state killing spree, have been transferred to a notorious ‘supermax’ prison in Colorado, the Justice Department told Fox News Digital. 

News of their transfers comes as U.S. Attorney General Pam Bondi looks to crack down on the previous administration’s sweeping clemency actions, especially those against violent crime. 

The former death row inmates were transferred Thursday to the U.S. Penitentiary Administrative Maximum Facility in Florence, Colorado, also known as ‘ADX,’ Justice Department officials confirmed. 

They are among the 37 death row inmates whose sentences Biden commuted shortly before leaving office last December. The news prompted criticism and complaints that the record clemency and commutation actions were done as a political ‘Hail Mary,’ and without proper vetting.

Eight death row inmates have already been transferred to ADX, the Justice Department told Fox News Digital, bringing to 10 the number of death row inmates that have been transferred to the facility since mid-September. 

More are expected soon, as all 37 death row inmates commuted by Biden are expected to be moved to the facility by ‘early next year,’ the Justice Department told Fox News Digital.

The effort comes as Bondi and the Trump administration have sought to reverse some of the Biden administration’s efforts on criminal justice reform, with an emphasis on cracking down on violent crime.

Though sentence commutations cannot be fully reversed, Justice Department officials told Fox News Digital, Bondi has prioritized ways to penalize these individuals, in coordination with directives from Trump, and to ensure that the ‘conditions of confinement’ are ‘consistent with the security risks those inmates present because of their egregious crimes, criminal histories, and all other relevant considerations,’ according to an earlier DOJ memo. 

‘Two more monsters who plotted and violently murdered innocent people will spend the rest of their lives in our country’s most severe federal prison,’ Attorney General Pam Bondi told Fox News Digital in a statement. 

‘This Department of Justice will continue to seek accountability for the families blindsided by President Biden’s reckless commutations of 37 vicious predators,’ she added.

Like the eight former death row inmates that were sent to Colorado’s supermax prison, the two criminals processed in ADX on Thursday have been convicted of particularly heinous crimes. 

One individual chased down his ex-girlfriend from Roanoke, Virginia, to Charlotte, North Carolina, where he cut the phone lines to the apartment she was living in before using cans of gasoline to set the building on fire.

Though she escaped via a second-story window and was hospitalized for second-and third-degree burns, he followed her back to her family’s home in Virginia two months later, where he gunned her down on the streets of her neighborhood and just steps from her mother.  

Another inmate, a former New Orleans police officer dubbed ‘Robocop’ for his large physical demeanor and aggressive law enforcement style, was caught on tape by the FBI as he ordered and orchestrated the killing of a mother of three who had come to the precinct hours earlier to submit a supposedly confidential brutality complaint about his behavior that she witnessed on her way home the night before. 

The FBI had stumbled upon the conversation as part of a broader probe they had started to investigate a so-called ‘protection racket’ between cocaine dealers in New Orleans and the city’s police force, which had been guarding a warehouse stocked with the drug. The same officer was later revealed as one of the chief conspirators in the protection racket. 

He was also found to have falsely testified in two murder cases, including one murder he has since been linked to. The statements were used to exonerate four men from prison, including three teenagers who had been wrongfully convicted of a murder 28 years prior.

ADX is the only true federal ‘supermax’ prison in the U.S., and its inmates are as notorious as the prison’s reputation. 

Among them are Ramzi Yousef, convicted in the 1993 World Trade Center bombing; Dzhokhar Tsarnaev, one of the Boston Marathon bombers; former Sinola Cartel leader Joaquín Guzmán, or ‘El Chapo’; and Mamdouh Mahmud Salim, the co-founder of al-Qaeda.

Shortly after her confirmation as attorney general, Bondi issued a memo aimed at ‘restoring a measure of justice’ to the victims’ families. 

The measures granted by Biden earned more criticism than former President Barack Obama: As Fox News reported at the time, the vast majority of Obama’s clemency actions focused on commuting the sentences of federal inmates who met certain criteria outlined under his administration’s Clemency Initiative.

Bondi hosted victims’ families earlier this year to hear their concerns about the commutations, DOJ said. Some said they had been stunned by the eleventh-hour commutations, and that they not been given a heads-up by the Biden administration.

In February, Bondi issued a memo to the Bureau of Prisons ordering an evaluation of where these prisoners should be detained.

This post appeared first on FOX NEWS

Having covered Ukraine and Russia for over three decades, especially the war between the two countries for the last several years, I’ve naturally been fascinated by the latest Trump administration effort to broker peace.

The reaction I’ve been getting from contacts in Ukraine to the 28-point plan to end the war is not all that positive.  

‘It’s not worth the paper it’s written on,’ said one observer.

‘Any deal would have to include Ukraine … and Europe,’ noted another. 

The overall consensus of analysts is that the document is slanted heavily toward Moscow. The man at the center of things, Ukrainian President Volodymyr Zelenskyy, has been diplomatic in various statements, basically saying he’s ‘reviewing the points’ aiming at arriving at a ‘dignified peace.’

There are all sorts of talks happening now between the U.S. and Ukraine and among European leaders. We’re even hearing from Russian President Vladimir Putin. It’s no wonder. The stakes in this war for Europe and the world are enormous. If I were to send a quick note to Zelenskyy, it would go something like this: 

Dear Volodymyr, 

So far so good. You haven’t freaked out, and you’re promising to engage. Rejection of this plan out of hand would have been a non-starter.

You’re staying cool (though a bit grim and determined), and you’re talking to people. 

My overall advice is … pick your fights, don’t sweat the small stuff and keep the big picture in mind. 

I know what your country is going through. Every time I’m in Kyiv, I go to the same military cemetery outside the city, and it keeps getting bigger and bigger and sadder.

So, as to the points of the plan: There are a lot of easy ‘gimmes’ to Russia. Re-joining the G8. Gradual dropping of sanctions. Granting of amnesty for everything Russian troops have done. I know this stuff is going to stick in your craw, but little of it affects your country’s future. 

I mentioned that you shouldn’t ‘sweat the small stuff.’ Some of the points might sound like a big deal. Like prohibiting ‘Nazi ideology’ in Ukraine. And adopting ‘EU rules on religious tolerance and linguistic minorities.’ That’s pretty much window dressing for Moscow. Having the Russian language and Russian church regain official status is not horrendous. 

In fact, the plan’s glass is at least one-third full for you guys. Confirming your sovereignty. Russia expected not to invade you again. You will receive reliable security guarantees. Rebuilding pledges and humanitarian promises. They are all good. Just nail down the specifics. Get all sides to commit for sure.

Now to three of the points which cross your red line, according to analysts.

Like handing over the rest of the eastern Donetsk region to Russia even though Moscow’s troops haven’t even taken it. The region is referred to as a demilitarized zone in the plan. A ‘DMZ’ a la the divider between North and South Korea. Well, hold them to that. No troops from either side. Tough security on both sides. A neutral body running things. And see if you can get them to not call it Russian!

Then there’s the reduction by a third of your military. Troop strength limited to 600,000. That’s a huge cut, but it’s still not a bad-sized force. That is if … it was properly trained, well-armed and finely-positioned.  Guarantees are needed for all of this to happen.

And then there’s the other red line: No NATO troops in Ukraine. That would seem to scupper the plan to have foreign peacekeepers on the ground, which has been in the works, to monitor the peace. A possible compromise? They’re stationed around Ukraine’s borders, surveillance keeps a close eye on things and rapid-response forces are at the ready. 

There are also a few ‘gimmes’ for the U.S. in all this, like sharing in the profits of reconstruction. But that’s the price of doing business with President Trump. 

As for that Thanksgiving deadline to sign the deal? The president has already signaled he’s willing to let that slide if there’s talking. 

And that other deadline? One hundred days until a new election? I know it’s a tough time for you politically with those corruption charges getting near. It might be something you have to live with. 

Anyway, for what it’s worth, that’s my take. 

Negotiations will probably sink on any hard discussion of any of these main points. But you know what the old adage is: ‘Jaw-jaw’ is better than ‘war-war.’ 

For the proud people of Ukraine who have suffered so much during this time, it’s worth your best shot.

Sincerely,

Greg

This post appeared first on FOX NEWS

Former President John F. Kennedy’s granddaughter, Tatiana Schlossberg, announced on Saturday — exactly 62 years after he was assassinated — that she has terminal cancer.

The 35-year-old said she was diagnosed with acute myeloid leukemia, with a rare mutation called Inversion 3, soon after the birth of her daughter in May 2024, and that doctors recently told her she probably has about a year to live.

‘My first thought was that my kids, whose faces live permanently on the inside of my eyelids, wouldn’t remember me,’ she wrote in an essay for The New Yorker. ‘My son might have a few memories, but he’ll probably start confusing them with pictures he sees or stories he hears.’

She said she ‘didn’t ever really get to take care of my daughter—I couldn’t change her diaper or give her a bath or feed her, all because of the risk of infection after my transplants. I was gone for almost half of her first year of life. I don’t know who, really, she thinks I am, and whether she will feel or remember, when I am gone, that I am her mother.’

She said the diagnosis was shocking because she felt perfectly healthy.

‘I did not—could not—believe that they were talking about me,’ she wrote of the first talk of leukemia. ‘I had swum a mile in the pool the day before, nine months pregnant. I wasn’t sick. I didn’t feel sick. I was actually one of the healthiest people I knew.’

She said the cancer is mostly seen in older patients and doctors frequently asked her if she had spent much time at Ground Zero in New York City, which she had not.

Schlossberg, who is the daughter of Caroline Kennedy, JFK’s oldest surviving daughter, described in heartbreaking detail her months on end of different treatments to beat the cancer.

She went through a round of chemotherapy to ‘reduce the number of blast cells in my bone marrow,’ then received a bone-marrow transplant with the help of her sister.

She said after she went into remission and went home she had no immune system and had to get all of her childhood vaccines again.

Then she relapsed, her doctor telling her that leukemia with her mutation ‘liked to come back.’

At the beginning of the year, she joined a clinical trial of CAR-T-cell therapy, ‘a type of immunotherapy that has proved effective against certain blood cancers.’

That was followed by another round of chemotherapy and a second blood transfusion from an unrelated donor.

‘During the latest clinical trial, my doctor told me that he could keep me alive for a year, maybe,’ she wrote.

She also wrote of her concerns after her cousin Robert F. Kennedy Jr., whom she called an ’embarrassment,’ was nominated as secretary of Health and Human Services.

‘Suddenly, the health-care system on which I relied felt strained, shaky,’ she wrote. ‘Doctors and scientists at Columbia [Presbyterian hospital], including [her husband] George, didn’t know if they would be able to continue their research, or even have jobs.’

She praised the rest of her family, whom she said sat at her bedside while she endured treatments and took care of her children.

Of her husband, urologist George Moran, she wrote, ‘he is perfect, and I feel so cheated and so sad that I don’t get to keep living the wonderful life I had with this kind, funny, handsome genius I managed to find.’

Her brother Jack Schlossberg, who is running for congress in New York, wrote on his Instagram on Saturday, ‘Life is short, let it rip.’

 
 
 
 
 
View this post on Instagram
 
 
 
 
 
 
 
 
 
 
 

 

Her mother’s cousin, Maria Shriver, shared her essay on Instagram, writing, ‘If you can only read one thing today, please make take the time for this extraordinary piece of writing by my cousin Caroline’s extraordinary daughter Tatiana. Tatiana is a beautiful writer, journalist, wife, mother, daughter, sister, and friend.’

Tatiana added in her essay, ‘For my whole life, I have tried to be good, to be a good student and a good sister and a good daughter, and to protect my mother and never make her upset or angry. Now I have added a new tragedy to her life, to our family’s life, and there’s nothing I can do to stop it.’

Robert F. Kennedy Sr., her mother, Caroline Kennedy’s uncle, was assassinated five years after JFK, and along with having two siblings who died in infancy, Caroline’s only surviving brother, JFK Jr, died in a plane crash in 1999.

Schlossberg’s grandmother, Jacqueline Kennedy Onassis, also died of cancer in 1994, of non-Hodgkin lymphoma when she was 64.

She finished her essay by saying that she lives to be with her children now.

‘But being in the present is harder than it sounds, so I let the memories come and go,’ she admitted. ‘So many of them are from my childhood that I feel as if I’m watching myself and my kids grow up at the same time.’

She added, ‘Sometimes I trick myself into thinking I’ll remember this forever, I’ll remember this when I’m dead. Obviously, I won’t. But since I don’t know what death is like and there’s no one to tell me what comes after it, I’ll keep pretending. I will keep trying to remember.’

This post appeared first on FOX NEWS

MP Materials (NYSE:MP) and the US Department of Defense have entered into a joint venture with Saudi Arabia’s Maaden to build a rare earths refinery in the Kingdom, marking the first major project under a new US-Saudi critical minerals cooperation framework signed in Washington this week.

The binding agreement gives both the US and MP a collective 49 percent stake in the refinery.

Maaden will hold not less than 51 percent, and the refinery will be built in Saudi Arabia, where it will process feedstock from both local deposits and international sources. Once operational, it will produce separated light and heavy rare earth oxides for customers in the US, Saudi Arabia and allied countries.

Rare earths are essential for the production of weapons systems, electric vehicles, renewable energy technologies and high-performance electronics. Secure supply has become increasingly important due to China’s sector dominance.

James Litinsky, MP’s founder and CEO, said the company views the partnership as an extension of its strategic role in Washington’s efforts to diversify global supply chains. “We are honored that the U.S. government asked MP to partner on a project of this magnitude and importance for America and its allies,” he said.

Maaden CEO Bob Wilt said the project fits squarely within the Kingdom’s national mining and industrial strategy.

“This JV is a significant step forward in the development of this important global sector, underpinned by the support of Saudi Arabia’s Ministry of Energy and the Ministry of Industry and Mineral Resources,” Wilt noted.

The joint venture was negotiated under a critical minerals framework signed by senior US and Saudi officials this week. The document is intended to formalize cooperation on rare earths, battery metals and other strategic inputs.

For Washington, the initiative reflects an effort to reshape supply chains away from geopolitical competitors. For Riyadh, it supports a long-term plan to leverage energy resources and expand its footprint in high-tech materials markets.

Financially, the deal is structured to be light in capital for MP.

The Department of Defense will fund the entire US contribution to the venture on a non-recourse basis, allowing MP to deploy technical expertise in separation and refining without taking on debt tied to the refinery’s construction.

The Saudi venture also connects to MP’s growing public-private alignment with the US defense sector.

In July, the company and the Department of Defense announced a multibillion-dollar partnership to accelerate the buildout of a domestic rare earth magnet supply chain. Under the partnership, MP is also constructing a second magnet manufacturing facility known as the 10X Facility, which is expected to begin commissioning in 2028.

When completed, MP’s total US magnet output will reach roughly 10,000 metric tons annually.

Beyond government partnerships, MP has also moved into large-scale commercial magnet supply. Also in July, Apple (NASDAQ:AAPL) and MP announced a US$500 million long-term agreement that will supply Apple with magnets manufactured in the US using 100 percent recycled rare earths feedstock.

Under the arrangement, MP will expand its Fort Worth, Texas, Independence factory to produce components for hundreds of millions of Apple devices starting in 2027. Apple and MP spent nearly five years jointly developing recycling techniques to meet the company’s performance and design requirements.

MP will add a dedicated recycling line at Mountain Pass to support commercial scale as magnet production ramps.

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

This post appeared first on investingnews.com

Here’s a quick recap of the crypto landscape for Friday (November 21) as of 9:00 a.m. UTC.

Get the latest insights on Bitcoin, Ether and altcoins, along with a round-up of key cryptocurrency market news.

Bitcoin and Ether price update

Bitcoin (BTC) was priced at US$83,590.70, down by 10.4 percent over 24 hours. Its lowest price of the day was US$81,868.75 and its highest was US$91,971.75.

Bitcoin price performance, November 21, 2025.

Chart via TradingView.

Bitcoin’s slide continues as it heads for its worst month since the 2022 crypto crash.

The largest cryptocurrency fell and touched US$81,000 on Friday before recovering to around US$84,166, extending a monthly decline of about 23 percent that marks its heaviest drop since June 2022.

Despite pro-crypto messaging from the Trump administration and a year of strong institutional adoption, Bitcoin has now fallen more than 30 percent from its early-October record high.

The downturn accelerated following the massive October 10 liquidation event that erased US$19 billion in leveraged positions and wiped roughly US$1.5 trillion from the combined value of all cryptocurrencies.

Institutional flows reflect the same caution. US-listed Bitcoin ETFs have recorded a record US$3.79 billion in outflows this month, surpassing February’s previous high, with BlackRock’s IBIT alone seeing more than US$2 billion in redemptions.

In total, about US$1.2 trillion has been wiped from crypto markets over the past six weeks, according to CoinGecko data.

Ether (ETH) was at US$2,736.63, down 11.2 percent over 24 hours. Its lowest price on Friday was US$2,675.70 and its highest was US$3,033.20.

Altcoin price update

  • XRP (XRP) was priced at US$1.94, down by 12.2 percent over 24 hours. Its lowest price of the period was US$1.86 and its highest was US$2.13.
  • Solana (SOL) was trading at US$128, down by 13 percent over 24 hours. Its lowest price of the day was US$123.30 and its highest was US$141.97.

Fear and Greed Index snapshot

As of Friday, CMC’s Crypto Fear & Greed Index has plunged to 11, firmly in “extreme fear” and its lowest level since late 2022.

Reports of large-scale whale liquidations have added to the uncertainty, amplifying pressure across an already fragile market. Further, traders brace for potential Federal Reserve inaction on rate cuts. CME’s FedWatch now shows only 37.6 percent expecting a 25-basis-point cut in December, while more than 62 percent anticipate no change, a reversal from near-even odds just a week ago.

Prediction market Polymarket reflects the same trend, pricing a 63 percent chance of no move after sentiment flipped late Tuesday.

CMC Crypto Fear and Greed Index, Bitcoin price and Bitcoin volume.

Chart via CoinMarketCap.

Today’s crypto news to know

Bitcoin logs weakest month since 2022

Bitcoin is heading for its steepest monthly decline since the wave of corporate failures that hit the crypto sector in 2022, with the token sliding below US$82,000 on Friday.

Its November losses have now reached roughly 25 percent, reversing much of the momentum that carried prices to record highs in early October.

Overall, data from CoinGecko shows the total crypto market value dipping back under US$3 trillion as Ether and mid-cap tokens recorded similar double-digit declines.

Analysts link the downturn to cascading liquidations that began on October 10, when nearly US$19 billion in leveraged bets were wiped out in a single session. Selling pressure intensified again this week with a two-day liquidation tally topping US$2 billion, according to CoinGlass.

Long-dormant whale activity has added to uncertainty after a wallet holding Bitcoin since 2011 unloaded more than US$1.3 billion in late October.

S&P stocks shed US$2.7 trillion

A sharp pullback across US equities sparked another wave of risk-off trading in crypto, sending Bitcoin to its weakest level in seven months.

The S&P 500’s nearly 4 percent decline on Thursday erased more than US$2.7 trillion in market value, according to Bloomberg calculations, overshadowing an earlier bounce driven by enthusiasm around AI-linked earnings.

Crypto assets fell in tandem, with Bitcoin briefly revisiting the US$85,000 range and total liquidations surpassing US$800 million for the day.

Coinbase rolls out Ether-backed loans

Coinbase has launched a new lending feature that allows eligible US users to borrow up to US$1 million in USDC by using Ether as collateral.

The product is integrated with the Morpho protocol on Base, though users interact with it entirely through Coinbase’s interface. Borrowers keep exposure to ETH’s price movements while accessing liquidity without having to sell their holdings.

The company says the service is available across most US states, with the exception of New York due to regulatory requirements.

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

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

This post appeared first on investingnews.com

We also break down next week’s catalysts to watch to help you prepare for the week ahead.

In this article:

    This week’s tech sector performance

    This week, the stock market displayed a mixed performance amid ongoing uncertainty about artificial intelligence (AI) company valuations and policy decisions from the US Federal Reserve.

    On Monday (November 17), both the S&P 500 (INDEXSP:.INX) and the Nasdaq Composite (INDEXNASDAQ:.IXIC) fell below their 50 day moving averages for the first time since late April, a significant technical breakdown. The Dow Jones Industrial Average (INDEXDJX:.DJI) also closed below this important threshold for the first time since October 10.

    Tuesday (November 18) saw continued volatility and some attempted stabilization attempts, but market participants remained cautious. Heavyweight tech and chip stocks were down ahead of NVIDIA’s (NASDAQ:NVDA) earnings call on Wednesday (November 19), but a global relief rally followed the firm’s upbeat earnings report and raised Q4 guidance. However, enthusiasm was short-lived, with markets pulling back on midday Thursday (November 20) after September US jobs numbers temporarily dashed hopes of a December interest rate cut from the Fed.

    Comments made at the Bloomberg New Economy Forum further contributed to market caution, with Goldman Sachs (NYSE:GS) President John Waldron warning that markets could still face further declines.

    In contrast, former Barclays (NYSE:BCS) CEO Bob Diamond offered a more optimistic view, calling the recent selloff a “healthy correction” rather than the start of a bear market.

    Later on Thursday and into Friday (November 21), the odds of a December rate cut rose again as Fed officials, including San Francisco Fed President Mary Daly and New York Fed President John Williams, signaled concerns about slowing economic growth and a cooling labor market. Markets surged on the back of the news to end the trading day sharply higher after a volatile week that saw all three major indexes post losses.

    This renewed optimism quelled some selling pressure going into the weekend, although investor caution around AI valuations and Fed policy remains prevalent.

    3 tech stocks moving markets this week

    1. NVIDIA (NASDAQ:NVDA)

    NVIDIA reported stronger-than-expected Q3 earnings with revenue of US$57 billion, beating expectations of US$55 billion, and earnings per share of US$1.30 versus the predicted US$1.25. The company also offered an optimistic Q4 revenue forecast of US$65 billion, surpassing analysts’ expectations of US$62 billion.

    However, he also noted that the sustainability of this growth depends on continued investor confidence.

    He warned that, similar to past tech bubbles like the dot-com era, AI companies today may be overvalued, with expectations currently outpacing reality. Murillo cautioned that while AI is making breakthroughs, its practical applications are still limited, and there is risk that an AI bubble could burst, impacting even large tech giants.

    Despite recent share price declines amid debates of an AI bubble, CEO Jensen Huang reassured investors, stating, “There’s been a lot of talk about an AI bubble. From our vantage point, we see something very different.”

    After a midweek gain of over 5 percent due to its earnings report, NVIDIA posted a weekly loss of 3.79 percent.

    2. Alphabet (NASDAQ:GOOGL)

    Alphabet rallied in early trading on Monday after Berkshire Hathaway (NYSE:BRK.A,NYSE:BRK,B) disclosed a US$4.3 billion stake in the company and reduced its stake in Apple (NASDAQ:AAPL). Alphabet then released Gemini 3 on Tuesday. The updated AI model has enhanced reasoning, coding and multimedia, alongside Antigravity, a Gemini-powered coding platform, and Nano Banana Pro, its latest detailed image-generation model.

    The week’s momentum was further fueled by reports that Google is on the verge of securing a US$1 billion annual deal with Apple to power the next-generation Siri, underscoring its dominant AI position across rival platforms.

    The company ended the week 4.86 percent higher.

    3. Apple (NASDAQ:AAPL)

    Apple was the steady pillar of tech resilience this week.

    With no obvious catalyst driving its price action this week, the company has maintained gains and investor interest following the strong earnings and product launches from earlier weeks.

    Consistency speaks to Apple’s enduring market strength and the confidence investors have in its long-term growth trajectory as it integrates AI across its product and services ecosystem.

    The company posted a modest advance of 0.99 percent for the week.

    NVIDIA, Alphabet and Apple performance, November 17 to 21, 2025.

    Chart via Google Finance.

    Top tech news of the week

              Tech ETF performance

              Tech exchange-traded funds (ETFs) track baskets of major tech stocks, meaning their performance helps investors gauge the overall performance of the niches they cover.

              This week, the iShares Semiconductor ETF (NASDAQ:SOXX) declined by 5.28 percent, while the Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) saw a weekly loss of 5.14 percent.

              The VanEck Semiconductor ETF (NASDAQ:SMH) decreased by 4.63 percent.

              Tech news to watch next week

              With fewer major tech earnings reports expected next week, market focus will likely shift to key economic data releases. Dell Technologies (NYSE:DELL) will deliver its Q3 results on November 25.

              Analysts predict earnings of around US$2.48 per share, representing approximately 15 percent year-on-year growth. Revenue estimates hover around US$27.29 billion, suggesting nearly 12 percent annual growth.

              Important economic reports include the US Consumer Confidence Index on November 25 and the Personal Consumption Expenditures price index on November 26.

              US markets will close on November 27 for Thanksgiving and have a shortened session on November 28. November 28 will also bring Canada’s Q3 GDP release.

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

              This post appeared first on investingnews.com