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A rampaging rebel group has claimed the capture of another mining town in the eastern part of the Democratic Republic of Congo (DRC), a little over a week after it took control of the region’s largest city Goma.

Clashes between the rebel coalition Alliance Fleuve Congo (AFC) and Congolese forces have left more than 3,000 people dead in less than two weeks, according to DRC’s government.

The AFC, of which the M23 armed group – which claims to defend the interest of minority Rwandophone communities – is a key member, took over resource-rich Nyabibwe last week after Goma, the provincial capital of North Kivu, fell on January 27.

It comes less than a year after the rebels seized Rubaya, a mining hub also in the country’s east, which harbors one of the world’s largest deposits of coltan, a valuable mineral used in the production of smartphones.

Here’s what you need to know.

Is my phone fueling the conflict?

For decades, DRC, a Central African nation of more than 100 million people, has grappled with bloody militia violence, including ethnic and resource-driven armed rebellion by M23 and dozens of other armed groups.

Roughly the size of Western Europe, the war-riven country is endowed with vast mineral wealth, including the world’s largest reserves of cobalt and coltan – both critical to the production of electronics. Cobalt is used to produce batteries that power cell phones and electric vehicles, while coltan is refined into tantalum, which has a variety of applications in phones and other devices.

However, according to the World Bank “most people in DRC have not benefited from this wealth,” and the country ranks among the five poorest nations in the world.

Much of DRC’s mineral wealth is split between its government and armed groups who control swathes of the resource-rich east.

“It’s not a coincidence that the zones occupied by the rebels are mining areas,” Okenda said, adding that global demand for cobalt and coltan has fueled the crisis.

“It takes money to wage war. Access to mining sites finances the war,” he added.

Why do the rebels want the minerals?

But a top United Nations official has an idea.

Bintou Keita, the UN Secretary General’s Special Representative to the DRC, told the Security Council in a September briefing that coltan trade from Rubaya’s mines is estimated to supply over 15 percent of global tantalum production and generates an estimated $300,000 in revenue a month for M23.

M23 denied these claims, insisting its presence in Rubaya was “solely humanitarian.”

Much of the international community, including the Congolese government, has accused neighboring Rwanda of backing M23 and aiding the plunder of DRC minerals.

UN experts believe that an estimated 3,000 to 4,000 Rwandan soldiers are supervising and supporting M23 fighters in eastern DRC, outnumbering the rebel group’s forces in the country. A December report by the UN Group of Experts on the DRC revealed that “at least 150 tons of coltan were fraudulently exported to Rwanda and mixed with Rwandan production.”

Rwanda is one of the world’s top suppliers of coltan and has surpassed DRC’s export of the mineral in recent years.

Where do DRC’s plundered minerals go?

In a public address that drew outrage last year, Kagame admitted that Rwanda was a transit point for minerals smuggled from DRC, but insisted his country was not stealing from its neighbor.

“Some people come from Congo; whether they smuggle or go through the right channels, they bring minerals. Most of it goes through here (Rwanda) but does not stay here. It goes to Dubai, Brussels, Tel Aviv, (and) Russia. It goes everywhere,” Kagame said, without providing evidence or specifying what minerals were being smuggled.

In 2022, the United States Treasury Department said that over 90% of DRC’s gold was being “smuggled to regional states, including Uganda and Rwanda” where they are “refined and exported to international markets, particularly the UAE,” and sanctioned a Belgian businessman for facilitating the trade.

For DRC’s other valuable minerals including coltan and cobalt, the scale of the plunder remains unclear.

In December, DRC sued subsidiaries of Apple in Belgium and France, accusing the company of sourcing conflict minerals. Apple denied the accusation.

Every year, tech giants such as Apple and Microsoft publish reports saying that they demand responsible sourcing of minerals from their suppliers.

In an earlier filing to the US Securities and Exchange Commission in 2023, Apple said that while it continued to source 3TG (tin, tungsten, tantalum and gold) and other minerals such as cobalt and lithium from DRC and other countries, it was “committed to meeting and exceeding internationally accepted due diligence standards for primary minerals and recycled materials in our supply chain.” It added that its due diligence efforts had “found no reasonable basis for concluding that any of the smelters or refiners of 3TG determined to be in our supply chain as of December 31, 2023 directly or indirectly financed or benefited armed groups in the DRC or an adjoining country.”

Is there a solution to the conflict?

DRC’s mineral wealth has presented itself as a “curse,” according to analyst Okenda, who explained:

Last week, a humanitarian ceasefire announced by M23 fell apart almost immediately after it was declared, as the rebels swiftly advanced into Nyabibwe.

While regional and global leaders ponder solutions to ending the crisis, Okenda believes that DRC’s government needs to reinvent itself if it hopes for lasting peace.

DRC “has a governance model that if it does not change, the Congolese population will gain absolutely nothing, whether there is war or not,” he said.

“If the Kinshasa government improves its governance, invests in the army, ensures a fair sharing of resources between citizens in the country, and conducts elections that are of better quality, I still think that peace can return (to DRC),” he said.

This post appeared first on cnn.com

McDonald’s on Monday reported disappointing quarterly revenue, dragged down by weaker-than-expected sales at its U.S. restaurants following an E. coli outbreak just weeks into the quarter.

But shares of the company rose more than 4% in morning trading as executives predicted sales would improve in 2025.

Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG:

Net sales of $6.39 billion were roughly flat compared with the year-ago period. The company’s overall same-store sales growth of 0.4% outperformed Wall Street’s expectations of same-store sales declines of 1%, according to StreetAccount estimates.

But McDonald’s U.S. business reported a steeper-than-expected drop in its same-store sales. Same-store sales at the company’s domestic restaurants fell 1.4% in the quarter; Wall Street was projecting same-store sales declines of 0.6%.

McDonald’s said traffic was slightly positive, but customers spent less than usual during the quarter. Over the summer, the chain rolled out a $5 combo meal to bring back price-conscious diners and reverse sluggish sales. The strategy worked, helping McDonald’s U.S. same-store sales tick up in the third quarter.

However, analysts have warned that value meals only work if customers also add menu items that aren’t discounted to their orders. McDonald’s executives downplayed those concerns Monday, saying the average check on the $5 meal deal is more than $10.

The biggest hit to McDonald’s U.S. sales came in late October, when the Centers for Disease Control and Prevention linked a fatal E. coli outbreak to its Quarter Pounder burgers. McDonald’s switched suppliers for its slivered onions, the ingredient fingered as the likely culprit for the outbreak. In early December, the CDC declared the outbreak officially over.

However, in the days following the news of the outbreak, traffic at McDonald’s U.S. restaurants fell steeply, particularly in the states affected.

U.S. sales hit their nadir in early November, but began rising again after that. In particular, demand for the Quarter Pounder, a popular core menu item with high margins, fell quickly in the wake of the crisis.

McDonald’s expects its U.S. sales to recover by the beginning of the second quarter, executives said.

“I think right now what we’re seeing is that the E. coli impact is now just localized to the areas that had the biggest impact,” CEO Chris Kempczinski said on the company’s conference call. “So think about that as sort of the Rocky Mountain region that was really the epicenter of the issue.”

The company hopes value deals, along with key menu additions, will help to fuel the recovery this year. In 2025, the burger chain plans to bring back its popular snack wraps, which vanished from menus during pandemic lockdowns, and to introduce a new chicken strip menu item.

Outside the U.S., sales were stronger. Both of McDonald’s international divisions reported same-store sales increases, bolstering the company’s overall performance.

The company’s international developmental licensed markets segment, which includes the Middle East and Japan, reported same-store sales growth of 4.1%.

McDonald’s international operated markets division, which includes some of its biggest markets, reported same-store sales growth of 0.1%. The company said most markets reported same-store sales increases, but the United Kingdom and some other markets saw same-store sales shrink in the quarter. One bright spot was France, which saw its same-store sales turn positive during the quarter after months of weak demand.

McDonald’s reported fourth-quarter net income of $2.02 billion, or $2.80 per share, down from $2.04 billion, or $2.80 per share, a year earlier.

Excluding gains tied to the sale of its South Korean business, transaction costs for buying its Israeli franchise and other items, McDonald’s earned $2.83 per share.

Looking to 2025, the first quarter is expected to be the low point for McDonald’s same-store sales, CFO Ian Borden said, citing a weak start to the year in the U.S., among other factors. Winter storms and wildfires in California weighed on restaurant traffic across the industry in January.

For the full year, McDonald’s plans to open roughly 2,200 restaurants. About a quarter of those locations will be in the U.S. and its international operated markets. The rest will be in the company’s international developmental licensed markets, including about 1,000 new restaurants in China.

Including its investments in restaurant openings, McDonald’s plans to spend between $3 billion and $3.2 billion this year on capital expenditures.

The company is also projecting a headwind of 20 cents to 30 cents per share to its full-year earnings due to foreign currency exchange rates.

This post appeared first on NBC NEWS

No Changes In Top-5

At the end of the week ending 2/7, there were no changes in the top-5, but there have been some significant shifts in the bottom 5 sectors. The most notable is the Consumer Staples sector which moved from 10th to 7th and the Healthcare sector which moved from 11th to 8th. Real Estate remained unchanged at the 9th position, while Energy dropped to 10th from 7th and Materials dropped to the last position from 8th.

New Sector Lineup

  1. (1) Consumer Discretionary – (XLY)
  2. (2) Financials – (XLF)
  3. (3) Communication Services – (XLC)
  4. (4) Industrials – (XLI)
  5. (5) Technology – (XLK)
  6. (6) Utilities – (XLU)
  7. (10) Consumer Staples – (XLP)*
  8. (11) Health Care – (XLV)*
  9. (9) Real Estate – (XLRE)
  10. (7) Energy – (XLE)*
  11. (8) Materials – (XLB)*

Weekly RRG

On the weekly RRG, the tails for XLY, XLC, and XLK are (still) inside the leading quadrant. XLK is just crossing over from improving. XLF is inside weakening but at a negative RRG-Heading, and XLI is moving deeper into the lagging quadrant at a negative RRG-Heading.

The most interesting observation on the RRG is that no sectors are currently positioned inside the improving quadrant. The Healthcare sector seems closest to crossing over, but, at the same time, is the sector with the lowest RS-Ratio reading.

Daily RRG

On the daily RRG, we can see why Staples and Healthcare made such big jumps. Both are pushing deeper into the leading quadrant on long tails.

Communication Services and Financials are confirming their positive outlook by continuing to move up on the RS-Ratio scale, with only a minimum loss of relative momentum so far. XLY has returned to the leading quadrant, but has already started to roll over. The positive thing for this sector is that it is all happening very close to the benchmark and on a very short tail.

Technology is the problem child on this RRG. This sector returned into the top-5 last week but is now again showing weakness on this daily RRG at the lowest RS-Ratio reading.

As I mentioned last week, the entry of XLK into the top 5 is not because of its strength but more as a result of weakness in other sectors. It’s all relative.

Consumer Discretionary

XLY is still holding above support, but last week formed a new peak. slightly lower, against the resistance offered by the mid-December peak. This makes the area between 235 and 240 an even more critical barrier now.

Important support remains located around 218. Relative strength is rolling over, but there is enough leeway for a correction after the strong move from August 2024 to now.

Communication Services

Communication Services is continuing to perform well and even managed to close higher than last week, confirming the uptrend in price. As a result, and given the weakness of other sectors and the SPY, relative strength for XLC is continuing to push the XLC tail further into the leading quadrant.

Financials

Financials also managed to put in a higher close for the week, confirming the current uptrend in price.

Relative strength has also taken out its previous high. When both price and RS can hold these trends, the RRG lines will soon turn up again and complete a leading-weakening-leading rotation, underscoring the attractiveness of the financials sector for the time being.

Industrials

Industrials did not manage to reach or take out its previous high and has now put a lower high in place. This still happening inside the rising channel, but it is not a sign of strength, so to say.

A similar thing can be said about the relative strength for XLI. With both RRG lines below a 100 and falling, the tail is being pushed further into the lagging quadrant.

Technology

The technology sector recovered well after a test of the lower boundary of its rising channel.

This is holding relative strength within the boundaries of the trading range which supports the slow improvement of the RRG lines. With RS-Ratio at 100.04, XLK has now just crossed into the leading quadrant.

Portfolio Performance

Shortly after the opening this Monday the portfolio is at a 4.01% gain vs 3.23% for SPY since the start of the year, picking up 0.78%.

Summary

The top-5 remains unchanged this week but in the bottom part of the list some noticeable changes are taking place, primarily in favor of defensive sectors like Healthcare and Consumer Staples, after Utilities already rose to the #6 position last week.

For the time being, the top-5 is still dominated by offensive sectors like XLY,XLC, and XLK. But how long will this last?

#StayAlert and have a great week. –Julius


North Korea has treated hundreds of Russian soldiers injured in Ukraine, Moscow’s ambassador to Pyongyang told state media, as he revealed new details of the reclusive state’s backing for the Kremlin’s war effort.

Wounded Russian troops have been recovering in North Korean medical facilities, Ambassador Alexander Matsegora told state-run outlet Rossiyskaya Gazeta in an extensive interview published Sunday.

“A clear example of such a brotherly attitude (between Russian and North Korea) is the rehabilitation of hundreds of wounded soldiers … in Korean sanatoriums and hospitals,” he said.

The Russian envoy’s comments are the latest sign of deepening ties between the two countries, which have recently reached heights unseen since the Cold War.

North Korea has sent about 12,000 soldiers to Russia, according to Ukrainian officials and Western intelligence reports, following Moscow and Pyongyang’s pledge to help each other if either nation is attacked in a landmark defense pact signed last June.

About 4,000 North Korean troops have reportedly been killed or injured in combat after being deployed to Kursk since at least November to repel Ukraine’s incursion in the southern Russian border region, Ukrainian officials and Western intelligence said.

Meanwhile, Russia has also received thousands of shipping containers of munitions or munitions-related material from North Korea, and Moscow’s forces have launched North Korea-made missiles on Ukraine, according to US officials.

In his interview with state media, Matsegora claimed that North Korea had treated wounded Russian soldiers for free.

“When we offered to compensate our (North Korean) friends for at least part of their expenses, they were sincerely offended and asked us never to do it again,” he said.

Matsegora also said that children of Russian troops killed in Ukraine had vacationed in North Korea last summer, and Russia and North Korea are developing student exchanges.

Moscow supplies Pyongyang with coal, food, and medicine, he added.

South Korea’s intelligence service declined to comment on Matsegora’s remarks.

The extent of care potentially available to wounded Russian troops within North Korea’s dilapidated health infrastructure remains unclear.

Doctors who have defected in recent years often speak of poor working conditions and shortages of everything from medicine to basic health care supplies.

Some analysts also cast doubt on Matsegora’s troop recuperation remarks, pointing to Russia’s brutal military tactics as the war in Ukraine grinds toward its third anniversary.

Russia “has reportedly been sending wounded personnel back into assault groups without treatment, demonstrating a general disregard for soldiers’ health,” The Institute for the Study of War said in a news release Monday, “calling into question official Russian claims to be sending Russian soldiers abroad for treatment, particularly to North Korea.”

However, any arrival of experienced Russian troops, particularly officers, in North Korea “may allow the Russian military to work with North Korean forces and disseminate lessons from the war in Ukraine while ostensibly recuperating,” the US-based conflict monitor added.

This post appeared first on cnn.com

Shares of GameStop and MicroStrategy were on the rise Monday after Ryan Cohen, CEO of the video game retailer, posted a photo with Michael Saylor, co-founder and chairman of the largest corporate holder of bitcoin.

GameStop, day traders’ favorite meme stock, climbed more than 7%, while MicroStrategy, which recently rebranded as “Strategy,” saw shares rising as much as 4%. Cohen uploaded the photo over the weekend on X, sparking speculation that GameStop is plotting another strategy around crypto. MicroStrategy shares last traded up 1%.

The video game company had expanded into digital services in recent years by offering crypto wallets that let users manage their crypto and nonfungible tokens. However, the firm shut the service down in 2023, citing “regulatory uncertainty.”

Cohen, co-founder of Chewy, bought shares in GameStop in 2020 and joined the board in 2021 as GameStop became one of the key stocks in the WallStreetBets meme trading mania.

His e-commerce experience fueled hopes that he could help modernize the brick-and-mortar retailer, but the company still struggles to adapt to changing spending habits by gamers. Trading in the stock remains highly volatile and speculative as meme stock personality “Roaring Kitty” continues to spur buying from retail investors.

Saylor’s Strategy also has a fan base of retail investors as the firm touted its aggressive bitcoin-buying strategy. In the past year, the firm has raised billions of dollars through the sale of stock or convertible bonds for the sole purpose of purchasing more bitcoin.

Last week, Strategy said it’s almost halfway to its ambitious capital-raising goal as it went on a buying spree throughout the postelection rally. As of Monday, Strategy holds roughly $47 billion worth of bitcoins on its balance sheet, about 2.5% of the total supply.

This post appeared first on NBC NEWS

In this video, Mary Ellen reviews the market’s flat momentum as uncertainty reemerges after weak AMZN, TSLA and GOOGL reports – PLUS more tariff talk from Trump. She also highlights the move into defensive sectors as growth stocks continue to struggle. Lastly, she shares the top stocks that are keeping the S&P 500 in an uptrend.

This video originally premiered February 7, 2025. You can watch it on our dedicated page for Mary Ellen’s videos.

New videos from Mary Ellen premiere weekly on Fridays. You can view all previously recorded episodes at this link.

If you’re looking for stocks to invest in, be sure to check out the MEM Edge Report! This report gives you detailed information on the top sectors, industries and stocks so you can make informed investment decisions.

At least 31 suspected Maoist rebels and two police officials were killed on Sunday in the deadliest combat so far this year in central India, police said.

Hundreds of police and paramilitary soldiers launched an operation in the forests of the Indravati area of Chhattisgarh state based on intelligence that large number of rebels had gathered there, said state police Inspector General Pattilingam Sundarraj.

Sundarraj said as the troops conducted a search operation fighting erupted in the forest, killing at least 31 insurgents and two police officials. Two other police were injured. He said search operations were continuing in the area and the troops had recovered some arms and ammunition, including automatic rifles.

There was no immediate statement from the rebels.

Sunday’s fighting is the biggest so far this year and the second major clash in less than a month in Chhattisgarh, according to police officer Jitendra Yadav.

At least 16 rebels were killed in the state’s Gariband district on Jan. 23. According to Indian officials, the government had issued a bounty for 12 of them totaling about $345,000. Eight rebels were killed in a gunbattle with troops in the Bijapur district on Jan. 31.

Indian soldiers have been battling the Maoist rebels across several central and northern states since 1967, when the militants, also known as Naxalites, began fighting to demand more jobs, land and wealth from natural resources for the country’s poor indigenous communities. The insurgents are inspired by Chinese revolutionary leader Mao Zedong.

Years of neglect have isolated many locals, who face a lack of jobs, schools and health care clinics, making them open to overtures by the rebels. The rebels speak the same tribal languages as many villagers and have promised to fight for a better future especially in Chhattisgarh, one of India’s poorest states despite its vast mineral riches.

The rebels have ambushed police, destroyed government offices and abducted officials. They’ve also blown up train tracks, attacked prisons to free their comrades and stolen weapons from police and paramilitary warehouses to arm themselves.

This post appeared first on cnn.com

We are currently in a declining trend in the market and internals are telling us that this weakness will continue to be a problem. Our primary indicators in the short- and intermediate-term have topped with one exception. The Swenlin Trading Oscillators (STOs) started down on Thursday and the STO-B continued to fall Friday. The STO-V interestingly turned up, but we wouldn’t get too excited.

The intermediate-term indicators, the ITBM and ITVM, topped and are moving down. It was an eye test on the ITBM on Thursday as to whether it had indeed declined. We checked and it had. Just another reason to look for more market decline.

Participation is leaking from the market. As price has started to turn over, so has participation. We note that participation readings of stocks above key moving averages shows declining trends which confirm near-term weakness.

The Silver Cross Index measures how many stocks have a 20-day EMA above the 50-day EMA (a Silver Cross). It is trying to top right now. We have a declining trend from the October top. With participation sinking, it won’t be long before this indicator tops too.

The Golden Cross Index measures how many stocks have a 50-day EMA above the 200-day EMA (a Golden Cross). That indicator has stagnated and is currently in decline below its signal line. Deterioration is visible on this chart.

Conclusion: We have a short-term declining trend in the market and failing internals. The ITBM/ITVM are declining, along with the STO-B. It is going to be very difficult for price to move higher when fewer stocks are participating.


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Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.

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Five Thai workers released after being held hostage for over a year in Gaza arrived in Bangkok on Sunday.

Sarusak Rumnao, 32, Watchara Sriaoun, 33, Sathian Suwannakham, 35, Pongsak Thaenna, 36, and Bannawat Saethao, 27, were freed on January 30 as part of an exchange arrangement.

They were embraced by family members, some of whom cried, in the arrivals hall at Suvarnabhumi Airport. Thai Foreign Minister Maris Sangiampongsa and the Israeli Ambassador to Thailand Orna Sagiv were both at the airport to welcome home the freed hostages.

“We are all very grateful and very happy that we get to return to our homeland. We all would really like to thank you. I don’t know what else to say,” Pongsak told a news conference at the airport.

Maris said the Thai government “never gave up hope and here is the result today. The tears of joy are our encouragement.” He added that Bangkok would continue working to secure the release of the remaining Thai hostage.

The group quickly left the news conference to return to their hometowns in Thailand’s northern and northeastern regions.

They were the second batch of Thai hostages released since the war broke out. During an earlier ceasefire in November 2023, 23 Thai nationals were released in a deal negotiated between Thailand and Hamas, with assistance from Qatar and Iran.

This post appeared first on cnn.com

New Orleans is preparing for an estimated 125,000 visitors and a presidential visit during the weekend of Super Bowl 59, as the reigning champion Kansas City Chiefs take on the Philadelphia Eagles at the Caesars Superdome.

Local businesses are ready, and hotel demand is surging.

Tripadvisor said demand for hotel rooms in New Orleans surged 637% this week as fans of the competing NFL teams scurry to find lodging. Interest from travelers in Pennsylvania and New Jersey has increased more than 14 times, and interest from people in Kansas and Missouri is up 8.5 times since the division championship games in the last week of January, the travel site said.

As of Thursday morning, the average hotel room was going for $650 per night, according to Hotels.com, which is owned by Expedia.

Caesars has the spotlight, however. Along with naming rights to the New Orleans Saints’ stadium, where the NFL championship will be played, Caesars also holds lucrative status as the only casino in New Orleans.

The company has rolled out the red carpet with a nearly half-billion-dollar overhaul of what was formerly a Harrah’s-branded property, and it is using the big game to introduce the brand to new customers.

The biggest football game of the year comes just weeks after a New Year’s Day attack that took place in the city’s French Quarter and killed 14 people, putting New Orleans on high alert.

Security around town is tight. State police, city police and the U.S. Department of Homeland Security all have a heavy presence.

At an NFL briefing on Monday, law enforcement said more than 700 different types of Homeland Security officials will be on the ground during the Super Bowl, and that was before President Donald Trump indicated plans to attend the game.

“I am confident that the safest areas to be in the country this weekend is under the security umbrella our team has put together,” said Cathy Lanier, the NFL’s chief security officer.

Since the Jan. 1 attack in New Orleans, NFL Executive Vice President Jeff Miller said the league has redoubled its safety efforts.

“We added resources, and we feel really good about where we are,” Miller told CNBC.

This post appeared first on NBC NEWS