Latest news with #BorisYeltsin
Yahoo
29-05-2025
- General
- Yahoo
On This Day, May 29: Charles II restored to English throne
On this date in history: In 1660, Charles II was restored to the English throne. It was also the monarch's 30th birthday. In 1790, Rhode Island became the last of the original 13 states to ratify the U.S. Constitution. In 1914, the Canadian Pacific Transatlantic liner Empress of Ireland sank in the early-morning hours following a collision with the liner Storstadt, a much smaller vessel, in Canada's Gulf of St. Lawrence. More than 1,000 people died in what is the largest maritime accident in Canadian peacetime history. In 1953, Edmund Hillary of New Zealand and Tenzing Norgay of Nepal became the first humans to reach the top of Mount Everest. In 1977, Janet Guthrie became the first woman to compete in the Indianapolis 500. She completed 27 laps before her car became disabled. On the same day in 2005, Danica Patrick became the first woman to lead during the same race. In 1985, British soccer fans attacked Italian fans preceding the European Cup final in Brussels. The resulting stadium stampede killed 38 people and injured 400. In 1990, renegade Communist Boris Yeltsin was elected president of Russia. In 1996, in Israel's first selection of a prime minister by direct vote, Benjamin Netanyahu defeated Shimon Peres. The margin of victory was less than 1 percent. In 1997, Zaire rebel leader Laurent Kabila was sworn in as president of what was again being called the Democratic Republic of the Congo. He was assassinated in 2001. In 2004, the National World War II memorial was dedicated on the National Mall in Washington. Thousands of veterans of the war, which ended nearly 59 years earlier, attended the ceremony. In 2009, U.S. music producer Phil Spector was sentenced to 19 years to life in prison for the 2003 slaying of actress Lana Carlson. In 2010, two mosques of a religious minority in Pakistan were attacked by intruders firing weapons and throwing grenades. Officials put the death toll at 98. In 2018, a Harvard study determined at least 4,645 people in Puerto Rico died as a result of Hurricane Maria, a sharp contrast to the official government death toll of 64. In 2019, special counsel Robert Mueller released his first public statement, saying that while there's no evidence President Donald Trump colluded with Russian efforts to interfere in the 2016 presidential election, there were several "episodes" in which he obstructed justice. In 2024, South Africa's African National Congress failed to win a parliamentary majority in the general election for the first time since apartheid. President Cyril Ramaphosa was still able to form a coalition government.
Yahoo
09-05-2025
- Business
- Yahoo
Veteran stock trader has surprising Nvidia take ahead of earnings
The game is forever known as "The Comeback" and it's easy to see why. Return with us now to that thrilling day of yesteryear better known as Jan. 3, 1993. 💵💰Don't miss the move: Subscribe to TheStreet's free daily newsletter 💰 U.S. President George H.W. Bush, who had just lost the White House to Bill Clinton, was in Moscow to sign the second Strategic Arms Reduction Treaty with Russian leader Boris Yeltsin. Meanwhile, the Buffalo Bills overcame a 35-3 deficit to defeat the visiting Houston Oilers 41-38 in overtime and set what then was the record for the largest comeback in National Football League history. The 32-point deficit in the game — also known as "The Choke" depending on which side of the field you were on — was surpassed by the Minnesota Vikings' 33-point run over the Indianapolis Colts during the 2022 regular season. But the Bills still hold the record for the largest comeback in postseason history and the second largest including the regular season. It was also the first time an NFL team with a lead of at least 30 points lost the game. Veteran trader Ed Ponsi sees a potential comeback scenario for Nvidia () , which is scheduled to report earnings on May 28. Analysts are looking for earnings of 83 cents a share on $43.28 billion in revenue. Not too long ago, Nvidia was riding so high it looked like nothing could stop the AI-chip steamroller. The Santa Clara, Calif., company's stock more than tripled (up 238%) in 2023, followed by a 171% rally in 2024. "Those massive gains made the stock immensely popular, leading to an intense focus by investors," Ponsi said in his TheStreet Pro column. This year "has been less kind to the AI-chip maker. Nvidia shares are down 17.71% year to date. The stock is underperforming all of the major U.S. stock indexes." Nvidia's troubles started in January with the arrival of a cost-effective artificial-intelligence model from the Chinese startup DeepSeek, which sparked concerns about big tech companies overspending on data centers and Nvidia chips. More Nvidia: Will Nvidia get hit hard by AI capex risk? Analysts revise Nvidia price target on chip demand Surprising China news sends Nvidia stock tumbling Then tech conglomerate Huawei said it planned to start testing a highly anticipated AI chip that it touted as a rival to Nvidia's H100, a graphics processing unit used by companies such as Tesla () and Meta Platforms () . Nvidia also got caught up in President Donald Trump's global tariff net. The company's reliance on Taiwan for chip manufacturing makes it vulnerable to geopolitical tensions and potential retaliation from China. The Trump administration restricted the shipment of Nvidia's H20 chips to China without a license last month, leading the company to plan a $5.5 billion quarterly charge. However, the White House is expected to reveal its new AI diffusion rule on May 15, and will likely outline AI-policy changes that favor Nvidia and its peers "Looking at the stock's chart, one question emerges," Ponsi said. "Is Nvidia about to regain its crown as the most coveted stock in the market?" Nvidia CEO Jensen Huang said in a May 6 interview with CNBC that it would be a 'tremendous loss' to be blocked from China's AI market. 'We just have to stay agile,' Huang said. 'Whatever the policies are of the government, whatever is in the best interest of our country, we'll support.' Nvidia's co-founder was in Las Vegas for software company ServiceNow's NOW 2025 conference. The companies said they'd expand their partnership, which includes the debut of the ServiceNow reasoning model, Apriel Nemotron 15B, developed with Nvidia. Huang said China's artificial intelligence market will likely reach about $50 billion in the next two to three years Being able to sell into China would bring back revenue and taxes, and would 'create lots of jobs here in the United States," Huang said. Piper Sandler warned that Nvidia could lose up to 6.45% of its important data-center revenue if companies cut back on spending, according to TipRanks. This could mean about $9.8 billion in lost revenue if corporate capital expenditures shrink and demand from China stays weak. In the worst-case scenario, the investment firm said, Nvidia's share price could drop to about $76.25 if the revenue loss however, corporate spending returns to normal and China demand picks up, the shares could rise to around $126. Piper Sandler affirmed its overweight rating on Nvidia with a $150 price target. Ponsi said that signs of an Nvidia comeback are beginning to emerge. "Since the April 7 opening bell, Nvidia has gained 23%," he said. "The stock is trading above its 50-day moving average for the first time since late February." Semiconductor stocks in general are on the rebound, he said, with the Philadelphia Semiconductor Index, like Nvidia, climbing above its 50-day moving average for the first time since February. Ponsi said Nvidia would face obstacles along the way. Nvidia's 200-day moving average currently lies in wait near $125 and there's a bearish trendline also residing in that vicinity. "If Nvidia can demonstrate the necessary strength to break through that area, the door is open to $140 — and possibly higher," he said. "Nvidia's all-time closing high is $149, set on Jan. 6."Sign in to access your portfolio
Free Malaysia Today
08-05-2025
- Politics
- Free Malaysia Today
Putin says succession is always on his mind
There is no clear successor to President Vladimir Putin though under the Russian constitution. (Kremlin/AP pic) MOSCOW : Russian President Vladimir Putin, the longest serving Kremlin chief since Josef Stalin, said in remarks aired on Sunday that he was always thinking about the succession, and suggested that there could be a contest between several candidates. Putin, a former KGB lieutenant colonel who was handed the presidency on the last day of 1999 by Boris Yeltsin, served as president from 1999 to 2008, then as prime minister until 2012, and then again as president from 2012 to the present. 'I always think about it,' Putin, 72, said when asked if he thought about the succession in a film by state television about Putin's quarter of a century as Russia's paramount leader entitled 'Russia, Kremlin, Putin, 25 years'. 'Ultimately, the choice is for the people, for the Russian people,' Putin said. 'I think that there should be a person, or rather several people, so that the people have a choice.' There is no clear successor to Putin though under the Russian constitution. If the president was unable to fulfil his duties, then the prime minister – currently Mikhail Mishustin – would assume presidential powers.
Daily Mail
27-04-2025
- Politics
- Daily Mail
A scientific rocket launch to study the Northern Lights almost ended in armageddon after Russian early-warning stations mistakenly identified it as a US missile attack
The world has come close to accidental nuclear war many times – most terrifyingly in January 1995. That was when a Norwegian rocket launch, carrying scientific equipment to study the Northern Lights, was mistakenly identified by Russian early-warning stations as a US missile attack. The Norwegian government had notified the Russians about the launch to avoid exactly this kind of confusion, but the Russian foreign ministry had failed to pass this on to the military. The alert was passed all the way to Russian President Boris Yeltsin, who opened his 'nuclear briefcase' containing the launch codes to begin measures for a retaliation, while submarine commanders were put on alert to launch a counter-strike. However, when satellites failed to detect any follow-up missile launches, it was eventually declared a false alarm. There have been numerous near-misses since the invention of nuclear weapons in the Second World War. The US military calls such nuclear-related mishaps 'broken arrows' – and just the American list alone makes alarming reading. One night in June 1980, the US was put on high alert as it appeared the Soviets had launched 2,200 missiles. It was only as defence officials were preparing to call President Jimmy Carter to get authorisation for the nuclear response that they discovered that the failure of a computer chip costing 50 cents had transferred software simulating a nuclear attack to the regular warning display. The Norwegian government had notified the Russians about the launch to avoid exactly this kind of confusion, but the Russian foreign ministry had failed to pass this on to the military. The alert was passed all the way to Russian President Boris Yeltsin (pictured), who opened his 'nuclear briefcase' containing the launch codes to begin measures for a retaliation, while submarine commanders were put on alert to launch a counter-strike Similar incidents took place on the Russian side. In September 1983, incoming data reported that the US had launched five Minuteman intercontinental ballistic missiles at the Soviet Union. It turned out the Soviet satellite system had misinterpreted the reflection of the Sun on clouds as missile launches, and the world was saved from Armageddon only by the actions of a Soviet officer who suspected things were not right. In 2007, six nuclear-armed cruise missiles were mistakenly loaded onto a US B-52 bomber at Minot air force base in North Dakota and flown to an air force base in Louisiana. The weapons remained mounted to the aircraft unguarded while the B-52 sat on the tarmac overnight. For 36 hours, no one realised six live nuclear weapons were missing. Based on our experience of such mishaps and near-misses over just a few decades, I would not put money on us surviving very long into the future. While I hope we might one day get rid of nuclear weapons, it is important in the short term to get them off the state of hair-trigger alert favoured by both the Americans and Russians. Also, the US must cancel its posture of 'launch-on-warning' – meaning its nuclear weapons would be out of their silos and in the air almost immediately after the first warning of an incoming missile attack is confirmed. These changes could happen very quickly and be applied by all parties with international verification, reducing the risk of inadvertent nuclear war. Yes, I know that achieving something like this might seem hopeless. But we mustn't give up hope, because where we are now reminds me of when I began work on climate change more than 20 years ago. Even those who believed it was a reality did not think there was much we could do about it. But today, the risk of civilisation-ending global climate breakdown is gradually being reduced. We broke the cycle of denial on climate and we must do the same with nuclear weapons with a mobilisation that does not get sidetracked. The campaign group Global Zero, for example, includes in its list of values the statement: 'We recognise that nuclear violence reinforces oppressive systems of white supremacy and patriarchy.' Does it really, though? Are North Korea's nukes reinforcing white supremacy? And what has patriarchy got to do with it? While I care about these issues, I do not think we can allow injustice in other areas to become a roadblock. If new entrants to the movement must sign up to a roll call of progressive issues in order to participate, fewer people are going to get involved. We cannot be another movement of hippies, eating vegan food in protest camps with compost toilets and obsessing over women-only spaces. Both wokery and wonkery can destroy a movement from the inside. We cannot be a 'peace' movement either. We will never get world peace, but we can avoid world war.
Yahoo
07-04-2025
- Politics
- Yahoo
Opinion - Putin isn't negotiating peace — he's laughing at America
If you want to know the nation Russians despise most, start with the obvious: Ukraine — the 'brotherly nation' of yesteryear, whose schools and hospitals must now be bombed in the name of 'liberation.' But not far behind is the U.S. According to the Levada Center, Russia's last remaining independent pollster, three-quarters of Russians see the U.S. as the bad guy. Tehran draws eight times as much affection as Washington. And the love for China is nearly as overwhelming as the hatred for America. Russia is not a country seeking a 'reset' or compromise — it is conditioned to view us as an existential enemy. In the 1990s, when Russia flirted with democracy under Boris Yeltsin, 70 percent of the population thought America was a friend and 15 percent a foe. Under Putin, those numbers have flipped. The Kremlin's power rests on selling a lie to its population, that Russia is defending itself against a scheming West, with Europe portrayed as Washington's vassal. In Putin's telling, this isn't a war with Ukraine but a war with NATO. How else could Moscow explain the pathetic performance of its own military? Three years after the full-scale invasion, Russia controls less of Ukraine than it did in 2022. And the harsh truth — which Moscow buries — is that Ukrainians are fighting alone. No American or European troops have joined in. No NATO jets are intercepting Russian missiles the way American systems helped shield Israel from Iran's barrage. Yes, the U.S., Europe and other allies have provided weapons and aid — reluctantly, often too late — because no civilized nation can sit by idle while the Russian military redraws borders by force and commits the most heinous war crimes. Our aid to Ukraine is not charity, nor are we funding a proxy war — America is standing up for freedom and the principle that sovereign nations should not have to live in fear of their violent neighbors. Together with the U.K., France and Russia, the U.S. stripped Kyiv of its nuclear deterrence in the 1990s, offering security assurances in return. If America's word means nothing, who will trust us again — and what will stop the next aggressor from trying the same? Any U.S. outreach to Russia is read by the Kremlin as a weakness to be exploited, not a gesture of goodwill to reciprocate. As former British Prime Minister Boris Johnson put it, 'Putin isn't negotiating. He's laughing at us.' With an economy the size of Texas and collapsing demographics, Russia knows it is no global superpower. Rather, it is a bloodsucking kleptocracy anchored in a dream of colonization — incapable of delivering prosperity to the people, but skilled at peddling fantasies of greatness in exchange for obedience. Unable to rise, Moscow aims to pull America down instead, believing its best shot at relevance lies not in competing with the West, but in weakening it. Putin lied about Crimea when Obama was president, lied about Syria during Trump's first term, lied to Biden about having no plans to invade Ukraine — and he is lying now. It's hard to find a single instance where Putin wasn't lying — manipulating, embarrassing or demeaning Western leaders he holds in contempt. None of it is subtle. After Trump's reelection in 2024, Russian state television aired decades-old nude photos of Melania Trump during primetime. This was easy to dismiss as pointless trolling, but anyone who has been to Russia will recognize it as psychological warfare — a KGB specialty. In a recent display of open mockery, Putin was caught on camera giggling when reminded he was late for a scheduled call with Trump. Surrounded by Russian business elites, he smirked as his entourage burst out laughing — making clear the delay was no accident but a calculated power play straight out of reflexive control, the Soviet-era doctrine of manipulating opponents into acting against their own interests. Another master class in snookering America unfolded at the United Nations, where America found itself in the company of Belarus, Burkina Faso, North Korea, Russia and Sudan voting against a recent resolution meant to state the obvious: there is a difference between invading and being invaded. Russia was no doubt thrilled to see the U.S. dragged into such a diplomatically humiliating position. The pattern isn't new. After World War II, the Soviet Union quickly betrayed its wartime allies, plunging the world into the Cold War and condemning generations of Estonians, Latvians, Lithuanians, Poles and others to lives of oppression. Expecting Putin's Russia to act differently, despite all evidence, isn't realism but delusion. America's choice is simple: Stop playing a rigged game. Don't dignify a regime that sees our humiliation — not compromise — as its endgame. After months of the Kremlin's repugnant trolling, Trump is rightly 'pissed off' at Putin — but actions, not words, are what matter. Moscow can end its criminal war any day by pulling troops back to Russia. If Americans want to be treated with respect, we must stop projecting weakness and offering ourselves up for ridicule. Refusing to accept the Kremlin's derision or entertain absurd demands isn't escalation — it's what national honor requires. Andrew Chakhoyan is an academic director at the University of Amsterdam. He previously served in the U.S. government at the Millennium Challenge Corporation and studied at Harvard Kennedy School and Donetsk State Tech University. Copyright 2025 Nexstar Media, Inc. All rights reserved. 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