13.3 C
New York
Thursday, October 2, 2025
Home Blog Page 134

Today’s Stock Market: Dow Futures Increase Prior to Powell’s Speech and Retail Earnings

0

U.S. stock futures pointed higher on Sunday evening ahead of a critical stretch for markets as investors brace for fresh clues on rate cuts and tariffs.

Futures tied to the Dow Jones Industrial Average rose 48 points, or 0.11%. S&P 500 futures were up 0.12%, and Nasdaq futures added 0.18%.

The yield on the 10-year Treasury was flat at 4.322%. The U.S. dollar was down 0.07% against the euro but up 0.07% against the yen.

Gold fell 0.25% to $3,374.10 per ounce. U.S. oil prices dropped 0.27% to $62.63 per barrel, and Brent crude fell 0.41% to $65.58.

Energy markets will also be in focus this week amid continued diplomacy to end Russia’s war on Ukraine as harsher U.S. sanctions on Moscow could target its oil exports, though President Donald Trump refrained from announcing any fresh penalties after ceasefire talks Friday failed to produce a deal.

Stocks have notched two consecutive weekly gains, with the S&P 500 hitting a fresh all-time high last week. That’s as corporate earnings have continued to come in strong and as the latest inflation readings were mixed but still haven’t set off panic about the effect of tariffs.

With the labor market also looking weaker, Wall Street overwhelmingly sees the inflation data giving the Federal Reserve a green light to resume rate cuts next month, further fueling market optimism.

But those views will be tested this week. On Wednesday, the Fed will release minutes from its policy meeting in July, when central bankers kept rates steady though two officials dissented. The details should show how much debate occurred and to what extent other policymakers were leaning a certain way.

Then the main attraction will take place on Friday, when Fed Chair Jerome Powell will deliver a speech at a gathering in Jackson Hole, Wyo. The annual event previously has served as an opportunity for policymakers to tease forthcoming rate moves.

Last year, Powell signaled a pivot to cuts, saying “the time has come for policy to adjust” and that “my confidence has grown that inflation is on a sustainable path back to 2%.” But he may not drop big hints this year, potentially setting up Wall Street for major disappointment.

Meanwhile, earnings season is winding down, but the coming week will feature several top retailers. Home Depot reports Tuesday, with Lowe’s and Target due on Wednesday. Walmart will put out its numbers on Thursday.

Their quarterly updates will provide new insights into how much tariffs are affecting prices and who is picking up the extra costs. The precise impact of tariffs on inflation remains somewhat of a mystery.

While companies may be absorbing much of the tariff costs for now, it’s not clear how much longer they can keep it up and how much consumers will be able to shoulder later.

If the retail giants keep eating tariff costs, that will show up on the bottom line and in their guidance. Citi doesn’t expect consumers to get hit with big price hikes in the future, even as more levies are expected to roll out.

“Softer demand means firms will have difficulty passing tariff costs on to consumers,” chief US economist Andrew Hollenhorst said in a note. “While some firms might still attempt to slowly increase prices in coming months, the experience so far suggests these increases will be modest in size. This should reduce concerns about upside risk to inflation and increase concerns that decreased profit margins will cause firms to pullback on hiring.”

Introducing the 2025 Fortune Global 500, the definitive ranking of the biggest companies in the world. Explore this year’s list.

White House discussions take precedence over US-Russia summit in Alaska

0

Frank Gardner

BBC Security Correspondent

Getty Images Ukrainian President Zelensky talks to the press while standing in front of a blue and yellow Ukrainian flag. Getty Images

It is quite possible that Monday’s meeting in the White House could prove even more crucial to the future of Ukraine – and for all of Europe’s security – than last Friday’s US-Russia summit in Alaska.

On the surface, that Putin-Trump reunion seemed to live down to every expectation.

There was no ceasefire, no sanctions, no grand announcements.

Were Ukraine and Europe about to get cut out of a deal cooked up behind closed doors by the world’s two foremost nuclear powers?

Not, apparently, if Ukraine and its partners can prevent it.

The presence of Sir Keir Starmer, President Macron, Chancellor Merz and other leaders alongside President Zelensky in Washington is about more than making sure he does not get ambushed in the Oval Office again, in the way he did on 28 February.

They are determined to impress upon Donald Trump two things: firstly, that there can be no peace deal for Ukraine without Ukraine’s direct involvement and secondly, that it must be backed by ‘cast-iron’ security guarantees.

Above all, Europe’s leaders want the US President to see that Ukraine and Europe present a united front and they are eager to ensure he is not being swayed by his obvious personal rapport with Vladimir Putin into giving in to the Russian leaders’ demands.

Watch: How the Trump-Putin summit unfolded… in under 2 minutes

This is where the Sir Keir Starmer’s diplomatic skills will be sorely tested.

Trump likes Starmer and listens to him, and in a month’s time Trump will be coming to the UK on a state visit.

He also likes Mark Rutte, the NATO Secretary-General who will be in attendance, a man who is sometimes called ‘the Trump Whisperer’.

The US President appears to be less fond of President Macron and the White House was sharply critical recently of his intention to unconditionally recognise a Palestinian state at the next UN General Assembly.

For a peace deal in Ukraine to have any chance of working, something has to give.

European leaders have said frequently that international borders cannot be changed by force and President Zelensky has said time and time again he will not give up land and besides, Ukraine’s constitution forbids it.

But Putin wants the Donbas, which his forces already control around 85 per cent of, and he has absolutely no intention of ever handing back Crimea.

Yet as the former Estonian PM and now Europe’s top diplomat Kaja Kallas once said to me: victory for Ukraine in this war does not have to be exclusively about reconquering occupied land.

If Ukraine can obtain the sort of Article 5-type security guarantees now being talked about, sufficient to deter any future Russian aggression and thereby safeguard its independence as a free and sovereign state, then that would be a form of victory.

It does now appear that what the US and Russia have been discussing is a proposal that broadly trades some Ukrainian land for security guarantees that it won’t have to give up any more to Russia.

But the question marks are huge.

Could Ukraine accept a deal that ends the war but costs it land, especially when so many thousands have died trying to save that land?

If it is asked to give up the remaining 30 per cent of Donetsk Oblast that Russia has yet to occupy then does that leave the path westwards to Kyiv dangerously under-defended?

And what of Starmer’s much-vaunted Coalition of the Willing?

Earlier talk of deploying tens of thousands of boots on the ground have since been scaled back.

Now it’s more about ‘safeguarding skies and seas’ while helping Ukraine to rebuild its army.

But even if peace does break out on the battlefield we are still in dangerous territory.

Every military expert I have spoken to believes that the moment the fighting stops Putin will reconstitute his army, build more weapons, until he is in a position, perhaps in as little as three to four years, to grab more land.

If and when that happens it will be a brave Typhoon or F35 pilot who is prepared to fire that first missile on an advancing Russian column.

Challenging Client

0



Client Challenge



JavaScript is disabled in your browser.

Please enable JavaScript to proceed.

A required part of this site couldn’t load. This may be due to a browser
extension, network issues, or browser settings. Please check your
connection, disable any ad blockers, or try using a different browser.

Robots Compete in Sports Competition Hosted by China

0

new video loaded: China Hosts Sports Competition for Humanoid Robots

By Axel Boada

Humanoid robots competed in a sports competition in Beijing where they ran, kicked and punched — as well as crashed and fell over many times.

Recent episodes in Technology

St. Bonaventure Recruits Impressive 47.5/1:47.6 Butterflier David Mutter for Class of 2029

0

By Sean Griffin on SwimSwam

Fitter and Faster Swim Camps is the proud sponsor of SwimSwam’s College Recruiting Channel and all commitment news. For many, swimming in college is a lifelong dream that is pursued with dedication and determination. Fitter and Faster is proud to honor these athletes and those who supported them on their journey.

David Mutter, who recently graduated from Mount Pleasant Area Jr/Sr High School in Mount Pleasant, Pennsylvania, has announced his commitment to continue his swimming career at St. Bonaventure University in the fall of 2025.

Mutter announced the commitment in an email to SwimSwam, writing:

Thank you to all of my family and friends for helping me get through this process, and making this [dream] come true!

The future Bonnie was a 4.0 student throughout his high school career and was named a James Collins Scholar-Athlete Award winner by the Western Pennsylvania Interscholastic Athletic League (WPIAL).

He was originally committed to the University of Alabama and signed with the Crimson Tide in November. However, the House v. NCAA case changed his plans and he lost his opportunity to swim for Alabama.

Mutter only represented his high school this past short course season and opted out of competing at any meets with his club team. His two major meets were the WPIAL Conference Championships and the Pennsylvania Interscholastic Athletic Association (PIAA) 2A State Championships.

At the WPIAL competition, Mutter walked away with three gold medals as he swept the 100 fly (48.01) and 500 free (4:34.54), with the former representing a season best and the latter a new lifetime best. He split 21.73 en route to helping his squad to 200 medley relay gold, and later notched 45.75 to help his team touch 5th in the 400 free relay.

At the State Championships, Mutter once again struck gold, logging 48.08 to take out the 100 fly and 4:31.56 for another lifetime best in the distance free event. The 200 medley relay also won gold again and he matched his split to the hundredth with 21.73. His win in the 100 fly was particularly dominant as he won by 1.44 seconds, while the margin in the 500 was just under three seconds. He produced a time of 45.02 anchoring to help his team finish 3rd in the 400 free relay to cap off the competition.

Top SCY Times:

  • 100 Butterfly: 47.52
  • 200 Butterfly: 1:47.66
  • 50 Freestyle: 21.01
  • 100 Freestyle: 46.59
  • 200 Freestyle: 1:40.88
  • 500 Freestyle: 4:31.56

The St. Bonaventure Bonnies placed 2nd out of eight teams at the 2025 Atlantic 10 Championships. The Bonnies are led by Mike Smiechowski, who was named head coach for men’s and women’s swimming and diving in July 2022. He announced the addition of Matthew Lowe as associate head coach in June 2023.

Mutter’s personal bests in the 500 free, 100 fly, and 200 fly make him an immediate ‘A’ final threat for the Bonnies. Assuming he swims one event per day at the conference meet, that particular schedule appears most likely given the conference meet event lineup and his abilities.

It took times of 47.84 and 1:47.48 to make the championship heat last year. His 100 fly PB is already under that threshold, while his 200 fly time would have been just 0.18 seconds off. His 100 fly best would have put him 7th after prelims, while his 200 PB would have placed him 9th.

His 500 free best would also put him into the ‘B’ final, sitting 9th out of prelims. It took 4:31.398 to make the ‘A’ final grade, leaving him 17 hundredths shy of an ‘A’ final berth.

On the team itself, he would have ranked 2nd behind sophomore Johnny Edwards‘ 4:26.65 in the 500 free. In the fly events, he would rank 3rd in both the 100 fly and 200 fly behind graduating senior Alex Behr, who was the runner-up in the 200 fly (46.94/1:43.80) and freshman Mark Mizsei (47.40/1:46.35).

Mutter is part of a large signing class for the St. Bonaventure men’s team. He joins Alex Aleinikovas, Gordan Cindric, Corey Su, Max Tucker, Marcos Bravo, Matheus Rinaldi, Willyan Matana, Blaise Sadowski, Emanuele Zingaro, and Cole Tangeman in committing to the university’s class of 2029.

If you have a commitment to report, please send an email with a photo (landscape, or horizontal, looks best) and a quote to Recruits@swimswam.com.

About the Fitter and Faster Swim Tour 

Fitter & Faster Swim Camps feature the most innovative teaching platforms for competitive swimmers of all levels. Camps are produced year-round throughout the USA and Canada. All camps are led by elite swimmers and coaches. Visit fitterandfaster.com to find or request a swim camp near you.

FFT SOCIAL

Instagram – @fitterandfasterswimtour
Facebook – @fitterandfastertour
Twitter – @fitterandfaster

FFT is a SwimSwam partner.

Read the full story on SwimSwam: St. Bonaventure Lands 47.5/1:47.6 Butterflier David Mutter For Class Of 2029

Turntable with minimalist design utilizes light for flawless sound

0

A Netherlands-based family business took minimalism to the extreme in 2017 with a Kickstarter for the striking Wheel turntable. Now the third iteration has rolled out with a more refined look, direct drive, optical stylus and improved sound.

The original Wheel turned traditional turntable design on its head by positioning the linear tonearm inside the platter. This meant that the vinyl album secured to the spindle was played face down. But that wasn’t challenging enough for the folks at Miniot, the platter also sat upright on a support base for extra visual pop.

The hand-built turntable took a bit longer to be realized than expected, and the first design was promptly replaced by an upgraded version. Then came the Black Edition, a version aimed directly at audiophiles looking for something a bit different. However, the Schagen-based family business has been working on an “ultimate” version since 2022, and the Wheel 3 is that model.

The Wheel 3 can stand upright on a new aluminum base, lay flat on a table top or hang on a wall using a single screw

Miniot

Though a diamond stylus follows the grooves as the record spins on the direct-drive platter, there are no magnets or coils in the wings to convert minute vibrations into a usable signal that’s ready for amplification. Instead Miniot employs light to detect tiny stylus movements.

“Unlike magnetic pickups, which measure acceleration, an optical pickup measures position, allowing it to ‘see’ sound all the way down to 0 Hz,” explained the company.

This mechanism is mounted to a redesigned linear tonearm, which peeks out of a slot in the housing and moves vertically from the bottom until it reaches the mini platter in the middle. The platter spins via an optically controlled direct-drive motor built in-house.

The Wheel 3 employs a diamond stylus, linear tracking and an optical pickup system to register tiny stylus movements and convert them to signal output
The Wheel 3 employs a diamond stylus, linear tracking and an optical pickup system to register tiny stylus movements and convert them to signal output

Miniot

That motor features 24 neodymium magnets, five optical sensors and a next-gen control system that’s reported to “look ahead” for potential issues – such as unbalanced, off-center or warped records – and adjust accordingly before those problems affect playback.

“Because it also continuously compares stylus and arm position measurements, it is pitch perfect from the first note,” Miniot boasts. “Tracking and groove contact precision are second to none.”

Light from the optical stylus setup is directed onto a small plate at the stylus and a sensor measures the shadow that’s cast. Subtle variations are converted into electrical signals, which are fed into the bespoke high-end pre-amp – for the promise of “exceptional sonic clarity.”

The composite back is home to a power slot (bottom left), a mini-jack port (bottom right) and a recess for wall mounting (top center)
The composite back is home to a power slot (bottom left), a mini-jack port (bottom right) and a recess for wall mounting (top center)

Miniot

The front of the Wheel 3 is made from a thick billet of aluminum, milled to shape and polished to a shine. The rear of the main unit is machined from a composite block – though there is talk of a wood-backed special edition. A dimmable display and touch controls are positioned at the top of the unit, within the rim of the circular aluminum front.

The Wheel 3 can operate vertically on a new anodized aluminum stand, flat on a table or hung on a wall thanks to a recessed slot to the rear that’s ready to hang from a wall screw – “no adapters needed, just a single screw in the wall.” There’s a similar slot to the left for USB-C power and another to the right for a stereo mini-jack.

The team reports that the Wheel 3 is available now for a whopping US$3,458 apiece, but with each unit being hand-built you may have to wait a short while for delivery.

Product page: Wheel 3

a2 Milk reports significant increase in full-year profit, announces acquisition of NZ formula plant to fuel growth in Chinese market

0

a2 Milk’s full-year profit jumps, company to buy NZ formula plant for China growth

Could a national dialogue be the solution to South Africa’s issues? | Government

0

The process aims to shape the country’s next chapter of democracy, three decades after apartheid.

South Africa’s President Cyril Ramaphosa wants people to come together and talk.

He has launched a national dialogue process – billed as citizen-led – for South Africans from all walks of life to decide how to deal with challenges from crime and corruption to poverty and inequality.

But critics say his party, the African National Congress (ANC), has had 30 years in power to do just that.

So, can a conference help to solve longstanding problems in the country?

Will the talks address the divisions in the ANC?

And what’s the next chapter for South African politics?

Presenter: Adrian Finighan

Guests:

Lindiwe Zulu – Member of the National Executive Committee of the African National Congress

Imraan Buccus – Senior research associate at the Auwal Socio-Economic Research Institute

William Gumede – Associate professor at the University of the Witwatersrand’s School of Governance

Air Canada flight attendants refuse to comply with return-to-work order, causing airline to postpone flight resumption plans

0

Air Canada said it suspended plans to restart operations on Sunday after the union representing 10,000 flight attendants said it will defy a return to work order. The strike was already affecting about 130,000 travelers around the world per day during the peak summer travel season.

The Canada Industrial Relations Board ordered airline staff back to work by 2 p.m. Sunday after the government intervened and Air Canada said it planned to resume flights Sunday evening.

Canada’s largest airline now says it will resume flights Monday evening. Air Canada said in a statement that the union “illegally directed its flight attendant members to defy a direction from the Canadian Industrial Relations Board.”

“Our members are not going back to work,” Canadian Union of Public Employees national president Mark Hancock said outside Toronto’s Pearson International Airport. “We are saying no.”

Hancock ripped up a copy of the back-to-work order outside the airport’s departures terminal where union members were picketing Sunday morning. He said they won’t return Tuesday either.

Flight attendants chanted “Don’t blame me, blame AC” outside Pearson.

The federal government didn’t immediately provide comment on the union refusing to return to work.

Hancock said the “whole process has been unfair” and said the union will challenge what it called an unconstitutional order.

Less than 12 hours after workers walked off the job, Federal Jobs Minister Patty Hajdu ordered the 10,000 flight attendants back to work, saying now is not the time to take risks with the economy and noting the unprecedented tariffs the U.S. has imposed on Canada. Hajdu referred the work stoppage to the Canada Industrial Relations Board.

The airline said the CIRB has extended the term of the existing collective agreement until a new one is determined by the arbitrator.

The shutdown of Canada’s largest airline early Saturday was impacting about 130,000 people a day. Air Canada operates around 700 flights per day.

Tourist Mel Durston from southern England was trying to make the most of sightseeing in Canada. But she said she doesn’t have a way to continue her journey.

“We wanted to go see the Rockies, but we might not get there because of this,” Durston said. “We might have to head straight back.”

James Hart and Zahara Virani were visiting Toronto from Calgary, Alberta for what they thought would be a fun weekend. But they ended up paying $2,600 Canadian ($1,880) to fly with another airline on a later day after their Air Canada flight got canceled.

“It’s a little frustrating and stressful, but at the same time, I don’t blame the flight attendants at all,” Virani said. “What they’re asking for is not unreasonable whatsoever.”

Flight attendants walked off the job around 1 a.m. EDT on Saturday. Around the same time, Air Canada said it would begin locking flight attendants out of airports.

The bitter contract fight escalated Friday as the union turned down Air Canada’s prior request to enter into government-directed arbitration, which allows a third-party mediator to decide the terms of a new contract.

Last year, the government forced the country’s two major railroads into arbitration with their labor union during a work stoppage. The union for the rail workers is suing, arguing the government is removing a union’s leverage in negotiations.

Hajdu maintained that her Liberal government is not anti-union, saying it is clear the two sides are at an impasse.

Passengers whose flights are impacted will be eligible to request a full refund on the airline’s website or mobile app, according to Air Canada.

The airline said it would also offer alternative travel options through other Canadian and foreign airlines when possible. Still, it warned that it could not guarantee immediate rebooking because flights on other airlines are already full “due to the summer travel peak.”

Air Canada and CUPE have been in contract talks for about eight months, but they have yet to reach a tentative deal. Both sides have said they remain far apart on the issue of pay and the unpaid work flight attendants do when planes aren’t in the air.

The airline’s latest offer included a 38% increase in total compensation, including benefits and pensions, over four years, that it said “would have made our flight attendants the best compensated in Canada.”

But the union pushed back, saying the proposed 8% raise in the first year didn’t go far enough because of inflation.

Introducing the 2025 Fortune Global 500, the definitive ranking of the biggest companies in the world. Explore this year’s list.

US envoy says Putin has agreed to ‘robust’ security guarantees for Ukraine

0

Asya Robins and George Wright

BBC News

Reuters Putin and Donald Trump at the Alaska summitReuters

Donald Trump’s special envoy said Russia had agreed to allow the US and Europe to give Ukraine “robust” security guarantees as part of a potential peace deal.

Steve Witkoff told CNN it was agreed at the Alaska summit that the US and Europe could “effectively offer Article 5-like language to cover a security guarantee”, referring to Nato’s principle that an attack on one member is an attack on all.

Putin has long opposed Ukraine joining Nato, and Witkoff said the arrangement could be an alternative if the Ukrainians “can live with it”.

Ukraine’s President Volodymyr Zelensky described the US’s security guarantee offer as “historic” ahead of talks with Trump and European leaders on Monday.

Speaking ahead of his visit to Washington DC, Zelensky said any guarantee “must really be very practical, delivering protection on land, in the air, and at sea, and must be developed with Europe’s participation”.

Meanwhile, following a meeting on Sunday of the “coalition of the willing” – a group of nations including the UK, France and Germany that have pledged to protect peace in Ukraine once it is achieved – a No10 spokesman said leaders had commended Trump’s “commitment” to providing security guarantees.

The leaders also “re-emphasised the readiness to deploy a reassurance force once hostilities have ceased, and to help secure Ukraine’s skies and seas and regenerate Ukraine’s armed forces”, the spokesman added.

UK Prime Minister Sir Keir Starmer, French President Emmanuel Macron, Chancellor Friedrich Merz of Germany, European Commission President Ursula von der Leyen and Nato Secretary-General Mark Rutte are set to join Zelensky in Washington on Monday.

Macron said the group would challenge Trump on how far he was willing to go in terms of security guarantees.

“If we’re not strong today, we’ll pay dearly tomorrow,” he said, adding the group’s plan was to “present a united front”.

EPA Volodymyr Zelensky, Keir Starmer and Emmanuel Macron chat after holding a meeting during a summit on Ukraine at Lancaster House in London, UK, on 2 March 2025.EPA

Witkoff also told CNN on Sunday that Russia had made “some concessions at the table” about territory, noting Donetsk would be part of an “important discussion” on Monday.

It comes after Putin reportedly presented Trump with a peace offer in Alaska on Friday that would require Ukraine withdrawing from the Donetsk region of the Donbas, in return for Russia freezing the front lines in Zaporizhzhia and Kherson.

The BBC’s US partner CBS cited diplomatic sources as saying that European officials were concerned Trump may try to press Zelensky to agree to the terms.

Russia claims the Donbas as Russian territory, controlling most of Luhansk and about 70% of Donetsk. It also illegally annexed the Crimean peninsula in 2014, eight years before launching its full-scale invasion of Ukraine.

Zelensky on Tuesday said Ukraine would reject any Russian proposal to give up the Donbas region, warning it could be used as a springboard for future attacks.

He has also pointed to the country’s constitution, which requires a referendum before a change in its territory.

Watch: How the Trump-Putin summit unfolded… in under 2 minutes

Monday’s White House meeting will be Zelensky’s first since an acrimonious public exchange in the Oval Office in February, when Trump told him to be more “thankful” for US support and accused him of “gambling with World War Three”.

Zelensky was then told to leave the White House.

He appeared to reconcile with Trump in April, in what the White House described as a “very productive” 15-minute meeting before they attended Pope Francis’s funeral.

Ukraine has also signed a minerals deal that gave the US a financial stake in the country, and Kyiv made it clear they were willing to pay for US arms.

But there will have been concern in Kyiv and other European capitals following the Trump-Putin meeting on Friday.

The Russian president, who is facing an International Criminal Court arrest warrant for alleged war crimes in Ukraine, stepped off his jet and onto a red carpet to be warmly received by Trump, who later said they had a “fantastic relationship”.

Watch in full: The remarkable exchange between Zelensky, Vance and Trump