US & Russia Appear To Want Broad Reset
US Secretary of State Marco Rubio told European allies that the US will keep sanctions on Russia in place at least until a deal to end the Ukraine conflict is reached, even as his boss, President Donald Trump, said he'll probably meet Vladimir Putin to discuss a settlement before the end of February. The push to work with Russia signaled Trump's desire to reset ties with Putin's government that were ruptured over Russia's invasion of Crimea in 2014, continued to deteriorate over a series of cyber-attacks and overseas assassinations and went into deep freeze with the invasion of Ukraine in 2022. Our EMEA News Director Rosalind Mathieson joins Stephen Carroll and Lizzy Burden on Bloomberg Radio to discuss. (Source: Bloomberg)
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26 minutes ago
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"No Kings" protests taking place in Northern California on Saturday
Multiple protests are expected throughout Northern California as part of the "No Kings" movement on Saturday. The protests coincide with President Donald Trump's birthday and the military parade celebrating the 250th anniversary of the U.S. Army in Washington D.C., which Mr. Trump will be attending. "On June 14—Flag Day— President Trump wants tanks in the street and a made-for-TV display of dominance for his birthday," the No Kings website states. "We're not gathering to feed his ego. We're building a movement that leaves him behind." Northern California events A protest is planned at the California State Capitol on the West steps in Sacramento. It will begin at 10 a.m. and is scheduled to end at 1 p.m. According to Indivisible Sacramento, the event host, there will be speakers at the Capitol protest. Some of the speakers include Assembly Member Maggie Krell and Sacramento council member Roger Dickinson. Other protests are planned at the Roseville Galleria, Galt City Hall, East Bidwell Street/Highway 50 Overpass in Folsom, San Joaquin Delta College in Stockton. A protest is scheduled at 10 a.m. in Woodland, with people marching from the new courthouse to the old courthouse. In Davis, an event is planned at the Superior Court at 10 a.m. Non-violent protests The organizing page for No Kings states the movement is committed to non-violent action. "We expect all participants to de-escalate any potential confrontation with those who disagree with our values and to act lawfully at these events," its website states.
Yahoo
27 minutes ago
- Yahoo
The Dollar Is Crumbling, And Hedge Fund Analyst Says A New Global Trade Is Brewing
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. As the U.S. dollar has slumped to its lowest level in over two years, emerging market stocks rallied in near-perfect inverse fashion—a trend that may be just at its early stages. The iShares MSCI Emerging Markets ETF (NYSE:EEM), which holds more than 800 EM stocks, posted its ninth consecutive daily gain—the longest streak since the fund's inception in 2016—reaching levels last seen before Russia's invasion of Ukraine. 'As an investor, I want to operate under the assumption that... the dollar is going to be devaluing," Otavio Costa, macro analyst at Crescat Capital, said in an exclusive interview with Benzinga. "You want to buy natural resources, you want to buy hard assets, but you also want to buy emerging markets in a big way,' he added. Trending: Let your money work smarter: . No hidden fees, no commitment. At the core of Costa's view is the widening gap in interest payments between the U.S. and its developed peers. The U.S. spends about 5% of its gross domestic product on interest—when combining federal and local levels—far exceeding developed peers like Germany, Japan, and Canada, where interest costs are about 1%. Because the U.S. has far less fiscal flexibility, Costa believes it will be forced to cut rates more aggressively than other economies. For Costa, the implication is clear: 'That's going to translate into interest rates differentials contracting and causing the dollar to fall."Costa emphasized the valuation gap between U.S. and emerging market equities. "The Cyclically Adjusted Price-to-Earnings (CAPE) ratio of the U.S. is about 35, one of the highest in history. You look at Brazil, and it's about 12." he said. "Why would you not deploy capital there?' Costa sees emerging markets, hard assets and undervalued foreign equities as the likely beneficiaries of this rotation. He sees particular value in Brazil, not just in equities but in fixed income as well. "In Brazil, the equity market looks attractive, the bond market looks very attractive," Costa said. Among developed markets, Costa is particularly bullish on Canada. He sees the Canadian dollar—historically linked to oil and natural gas—on the verge of a breakout, fueled by its commodity exposure and underweight positioning in global portfolios. "The Canadian dollar is a contrarian play that could benefit from U.S. weakness and commodity strength," he said, adding that Canadian mining companies could also enjoy capital inflows. He added that capital markets are already signaling a shift. "Argentina starts doing well all of a sudden after politics changes... India is doing quite well. Japanese equities doing better than the U.S. Now you're seeing European equities outperform U.S. equities." "These things are just starting to occur," he said. "They're big moves." Read Next: Level up your portfolio tracking with Snowball Analytics: see all your investments in one dashboard with real-time stock and dividend tracking for free today. Image created using artificial intelligence via Midjourney. This article The Dollar Is Crumbling, And Hedge Fund Analyst Says A New Global Trade Is Brewing originally appeared on Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
35 minutes ago
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Is today Flag Day? Here's flag etiquette and how to display your American flag on June 14
It's Flag Day, a day that honors the adoption of the United States flag on June 14, 1777. The original resolution declared the flag would have 13 alternating red and white stripes and a blue field with 13 white stars, representing a new constellation — a powerful symbol of unity and independence that continues to fly proudly today. The flag's stripes represent the original 13 colonies, while the stars symbolize the unity of those states forming a new nation. Over nearly 250 years, the flag has come to embody American ideals such as freedom, resilience and patriotism. This year, Flag Day coincides with the U.S. Army's 250th anniversary, marked by a large military parade in Washington, D.C., led by President Donald Trump, whose birthday is also on June 14. At the same time, thousands across the country are participating in 'No Kings' demonstrations, a grassroots movement that reclaims the flag as a symbol of resistance against authoritarianism. Event organizers say these protests emphasize the flag's meaning as a banner for freedom and democracy, rather than power and control. Regardless of how you choose to celebrate Flag Day, it's important to honor the flag with proper etiquette. More than 100 years after the Continental Congress approved the flag, Flag Day was first observed in 1877. President Woodrow Wilson declared June 14 Flag Day in May 1916, while President Harry Truman established Flag Day as a national holiday in 1949. Since Wilson declared the day, Americans have honored the stars and stripes in a number of ways, including carrying the flag in parades, displaying it outside homes and holding other patriotic events. The American flag should always be treated with respect — never allowed to touch the ground, flown only from sunrise to sunset (unless properly illuminated at night), and never used as clothing or decoration in a way that might damage or disrespect it. Proper folding, displaying and handling reflect the deep reverence many hold for this enduring symbol of the nation. Except in situations when there is imminent danger to life or property, the American flag should not be flown with the union down, according to the U.S. Department of Defense. These are the primary rules: A flag should never touch the ground. No other flag may be flown above or to the right of the U.S. flag, except at United Nations headquarters. Citizens may fly the flag at any time, but preferably from sunrise to sunset − except for special occasions or when well lit at night. When a flag becomes unfit to fly, it should be destroyed with dignity. A traditional triangular method is used to fold the American flag. According to the American Legion, the origins of the triangular fold are unknown, but some sources attribute it to the Gold Star Mothers of America, or a chaplain stationed at the U.S. Air Force Academy. Here's how its done: The Supreme Court ruled in Texas v. Johnson (1989) and later United States v. Eichman (1990) that flag burning, as a form of political protest, is a constitutionally protected act. While it is not illegal to burn the flag in protest, it is deeply offensive to many and can upset others. When the American flag is flown upside down — that is, with the union (the blue field with stars) at the bottom instead of the top — it is traditionally recognized as a signal of distress. According to U.S. flag code and longstanding custom, flying the flag upside down indicates that the person, group or location displaying it is in serious trouble, or facing an emergency and in need of immediate help. However, some people also use the upside-down flag as a form of protest to express distress or dissatisfaction with the government or current events. It is legal to fly the Mexican flag or other foreign flags on private property in the United States. However, the U.S. flag should always be flown higher than any foreign flag or, if on separate flagpoles, the U.S. flag's pole should be taller. Contributing: Janet Loehrke, USA TODAY This article originally appeared on Austin American-Statesman: Flag Day 2025: What's the proper way to display your American flag?
