Latest news with #Mexico
Yahoo
an hour ago
- Business
- Yahoo
'Sell America' dominates 2025 & what's next for the Fed
US stocks (^GSPC, ^IXIC, ^DJI) may be hitting record highs, but global markets are leaving them in the dust. Yahoo Finance Senior Columnist Rick Newman joins Market Domination Overtime to explain why foreign stocks are outperforming and what President Trump's plans for the Federal Reserve could mean for investors. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. Well, American investors cheering new record highs, it's nothing in comparison to the recent run South Korean, Mexican, or even German stocks have been on. Yahoo Finance's Rick Newman has been tracking the moves. He joins us now. Rick, Hey, Josh. Uh okay, great. We have a new record high in the US market, but we're only up, uh what is it? A little over 5% for the year. Yeehaw, I guess that's okay. Uh if you look at global stocks not including United States, so that's all stocks in the world except for United States. There's the chart up about 15%. So the gain there has been three times what we've seen in the United States. Uh and if you just go through different markets, uh almost all of them are outperforming the United States. And this is uh a reflection of what we've been calling this year, the so-called sell America trade. Um, you know, since 2015, uh the the US stock market has been the place to be. Um, it has trounced foreign stocks for almost all of that time. But that's beginning to end for a lot of reasons. We've been talking about, we'll continue to talk about too much debt in the United States, uh from the federal government. That's only going to get worse. Uh, we've seen some wobbles in the US bond market. Uh that's not over and investors have been saying maybe it's time to look at some of these foreign shares that have been overlooked for some of this period of time. So great, we have a record high here, but guess what, they have better record highs in many other stock markets around the world. Switching gears, Rick, in this week's rendition of Trumponomics, you write about dueling Fed chairs, president sets his sights on replacement for Jay Powell. Where where do we stand, Rick, on the latest with Trump versus Powell? Well, Trump's obviously very frustrated. He he can't get the Fed to cut interest rates. He keeps trashing Powell. Um, although Powell is just one of 12 voting members. So this week he floated this idea. Powell's uh term as chairman uh expires next May. So he's got 11 months to go. But Trump floated this idea that maybe he would announce or nominate Powell's replacement soon, um so that you would sort of have somebody, uh I guess sort of playing understudy to Powell, or maybe dogging Powell, or maybe saying, well, Powell's a chair now, but when I take over, here's what I'm going to do. Um, I mean, on one hand, you know, CEOs, excuse me, uh public companies do succession planning and their shareholders want them to do that. You know, we want to know who's going to uh replace key executives. So it's not a crazy idea in that regard, except that, you know, Trump doesn't want continuity and a smooth transition at the Fed. He wants regime regime change at the Fed. So what would this shadow chair do? Would, you know, every time Powell gives testimony or holds a press conference, is the shadow chair going to have his own press conference and say, well, here's, I'm going to tell you all the reasons Powell is wrong? Our our market's going to start getting, uh, you know, two messages on monetary policy, one from the current Fed chair and one from the future Fed chair. Maybe this idea is going nowhere, but if this actually materializes, this is going to cause unnecessary confusion. And sounds like the next Trumponomics column, which we will have you back on to discuss at that point. Rick, thank you, my friend. Have a great weekend. Thank you. Sign in to access your portfolio
Reuters
an hour ago
- Reuters
Sinaloa cartel hacked phones and surveillance cameras to find FBI informants, DOJ says
WASHINGTON, June 27 (Reuters) - A hacker working for the Sinaloa drug cartel was able to obtain an FBI official's phone records and use Mexico City's surveillance cameras to help track and kill the agency's informants in 2018, the U.S. Justice Department said in a report issued on Thursday. The incident was disclosed in a Justice Department Inspector General's audit, opens new tab of the FBI's efforts to mitigate the effects of "ubiquitous technical surveillance," a term used to describe the global proliferation of cameras and the thriving trade in vast stores of communications, travel, and location data. The report said that the hacker worked for a cartel run by "El Chapo," a reference to the Sinaloa drug cartel run by Joaquín "El Chapo" Guzmán, who was extradited to the United States in 2017. The report said the hacker identified an FBI assistant legal attaché at the U.S. Embassy in Mexico City and was able to use the attaché's phone number "to obtain calls made and received, as well as geolocation data." The report said the hacker also "used Mexico City's camera system to follow the (FBI official) through the city and identify people the (official) met with." The report said "the cartel used that information to intimidate and, in some instances, kill potential sources or cooperating witnesses." The report did not identify the alleged hacker, attaché or victims. The U.S. Embassy in Mexico referred questions to the State and Justice departments, who did not immediately return messages seeking comment. The FBI and a lawyer for El Chapo did not immediately return messages seeking comment. The collection of granular location data from people's phones by a wide variety of commercial and official actors, combined with ever-growing coverage of surveillance cameras, has posed a thorny problem for intelligence and law enforcement officials, many of whom rely on confidential informants. The report said that recent technological advances "have made it easier than ever for less-sophisticated nations and criminal enterprises to identify and exploit vulnerabilities" in the global surveillance economy. It said the FBI had a strategic plan in the works for mitigating those vulnerabilities and made several recommendations, including more training for bureau personnel.
Yahoo
2 hours ago
- Entertainment
- Yahoo
‘Kimmel' Guest Host Diego Luna Turns Fox News Mockery Into ‘Delicious' Moment
'Jimmy Kimmel Live!' guest host Diego Luna laughed off Fox News anchor Laura Ingraham Thursday after the Mexican actor's impassioned defense Monday of undocumented workers appeared to set off the conservative news host. 'I didn't do this for the recognition or the money,' Luna said Thursday. 'Because there's nothing. But there has been such an outpouring of support over the past few days. And last night... I got the highest honor a late-night host can receive.' Luna went on to play a clip of Fox News contributor Raymond Arroyo complaining Wednesday about Luna's Monday monologue and asking, 'When did the comedy and entertainment shows, Laura, become an excuse for boorish political commentary?' 'Oh no,' Ingraham replied, before appearing to read from a prompter: 'Actor Diego Luna, guest host of — I don't know who that is — guest hosted for Jimmy Kimmel. I don't watch, I don't think I've ever watched a Jimmy Kimmel.' The conservative pundits went on to play a portion of Luna's monologue from Monday, in which he noted that many undocumented workers 'pay a lot of taxes,' prompting Arroyo to wonder if Luna was 'speaking from experience' before asking, 'Why do we care?' Luna is the face of Disney's 'Star Wars' series 'Andor,' which has earned eight Emmy nods and is a spin-off of 2016's 'Rogue One' — which stars Luna and grossed over $1 billion worldwide. Ingraham said, 'I don't even know who he is,' prompting Arroyo to inform her. 'Oh, OK, sorry I missed that,' Ingraham replied sarcastically in the clip. 'Oh, thank you,' said Luna over applause and laughter as the clip concluded. 'By the way, Jimmy, that's my gift to you. Yeah, whatever name this woman has, I got her to finally watch your show.' Luna didn't stop there. 'I had a dream last night that this was a Mexican talk show, with Latin music and delicious food,' he said. 'Then I woke up and remembered, 'Oh yeah, I'm the host, I can do whatever the fuck I want.' So tonight our band, Cleto y los Cletones, they have gone full mariachi.' The camera then revealed Kimmel's house band, Cleto and the Cletones, in full mariachi regalia, as Luna announced that he invited local restaurant owners Eduardo Ruiz and Alberto Bañuelos — who run the Mexican eatery Burritos La Palma — 'to feed the whole audience.' Watch the full monologue here: 'Kimmel' Guest Host Diego Luna Trolls Trump By Turning His Own F-Bomb Against Him 'Kimmel' Guest Host Diego Luna Offers Hilarious Plan To Escape Trump's America 'Kimmel' Guest Host Diego Luna Hits Trump With Frank Reminder Of 1 Huge Failure
Al Arabiya
3 hours ago
- Al Arabiya
Prosecutors in Jalisco, Mexico say they found 34 bodies in a mass grave
Prosecutors in the western Mexican state of Jalisco said Friday that investigators have found at least 34 bodies in a mass grave discovered earlier this year. Human remains packed into 169 bags were discovered during excavations at a construction site in the city of Zapopan in February. Construction teams alerted authorities, who launched a forensic investigation. After months of work at the site, forensic experts reported identifying at least 17 bodies and continue working to identify additional victims and analyze the scene. The gruesome discovery has once again drawn attention to Jalisco, which in March became the center of controversy after collectives searching for missing people found human remains and hundreds of clothing items in a ranch once used by the powerful Jalisco New Generation Cartel for recruiting and training members. To date, some 15 people have been arrested in connection with the case, including the mayor of Teuchitlán, who was detained last month. The Rancho Izaguirre case sent chills down the spines of many Mexicans, who for years have endured soaring levels of cartel violence and the forced disappearance of more than 125,000 people. Families searching for their missing loved ones say that discoveries of such sites underscore the depth of violence and impunity in violence-torn regions like Jalisco. The discovery of the mass grave in Zapopan prompted calls from victims' families and human rights advocates for authorities to better investigate the scene and funnel more resources into the search for missing people.
The Independent
3 hours ago
- The Independent
Prosecutors in Jalisco, Mexico say they found 34 bodies in a mass grave
Prosecutors in the western Mexican state of Jalisco said Friday that investigators have found at least 34 bodies in a mass grave discovered earlier this year. Human remains packed into 169 bags were discovered during excavations at a construction site in the city of Zapopan in February. Construction teams alerted authorities, who launched a forensic investigation. After months of work at the site, forensic experts reported identifying at least 17 bodies and continue working to identify additional victims and analyze the scene. The gruesome discovery has once again drawn attention to Jalisco, which in March became the center of controversy after collectives searching for missing people found human remains and hundreds of clothing items in a ranch once used by the powerful Jalisco New Generation Cartel for recruiting and training members. To date, some 15 people have been arrested in connection with the case, including the mayor of Teuchitlán, who was detained last month. The 'Rancho Izaguirre' case sent chills down the spines of many Mexicans, who for years have endured soaring levels of cartel violence and the forced disappearance of more than 125,000 people. Families searching for their missing loved ones say that discoveries of such sites underscore the depth of violence and impunity in violence-torn regions like Jalisco. The discovery of the mass grave in Zapopan prompted calls from victims' families and human rights advocates for authorities to better investigate the scene and funnel more resources into the search for missing people.
