The US military attacked what it called a drug trafficking boat on Wednesday in the eastern Pacific, killing two men, officials said. It was the second deadly attack in as many days in the Trump administration offensive that began last September and has now left almost 200 people dead. Rights groups say the attacks could amount to extrajudicial killings. This latest attack targeted a boat that was...
The US military attacked what it called a drug trafficking boat on Wednesday in the eastern Pacific, killing two men, officials said. It was the second deadly attack in as many days in the Trump administration offensive that began last September and has now left almost 200 people dead. Rights groups say the attacks could amount to extrajudicial killings. This latest attack targeted a boat that was engaged in drug trafficking and travelling along a known smuggling route, the US southern command claimed on X. “Two male narco-terrorists were killed during this action,” it said in a statement. The strike came after dozens of similar attacks in recent months and brought the death toll in the US campaign to at least 195, according to a tally by the AFP news agency. In Tuesday’s attack two people survived and were stranded in the water, the southern command said, with the US Coast Guard alerted to launch a rescue operation. The coast guard did not immediately respond to requests for information on this and other rescue efforts. Grainy black-and-white video accompanying the newest post showed the boat before the strike, then a large explosion, and then flaming wreckage in the water. The US military launched operation “Southern Spear” in early September with President Donald Trump insisting the US was effectively at war with drug cartels operating out of Latin America. But his administration has not provided definitive evidence that the vessels it has been striking are involved in drug trafficking. Legal experts and rights groups say the strikes could amount to extrajudicial killings because they have apparently targeted civilians who do not pose an immediate threat to the US.
Micron Technology and Ford Motor jumped more than 3% at close, while Rocket Lab USA closed up nearly 5% on Wednesday. In this photo illustration, a Micron Technology logo seen displayed on a smartphone with the stock market information of Micron Technology in the background. (Photo Illustration by Igor Golovniov/SOPA Images/LightRocket via Getty Images) Loading... Loading... Loading... Loading... ...
Micron Technology and Ford Motor jumped more than 3% at close, while Rocket Lab USA closed up nearly 5% on Wednesday. In this photo illustration, a Micron Technology logo seen displayed on a smartphone with the stock market information of Micron Technology in the background. (Photo Illustration by Igor Golovniov/SOPA Images/LightRocket via Getty Images) Loading... Loading... Loading... Loading... Loading... Loading... Loading... Loading... Loading... Loading... Loading... Loading... Loading... Loading... Loading... Loading... MU shares jumped to a 52-week high of $956.16 after Barclays hiked its price target on the company to $1,175. F stock jumped to $16.06 in Wednesday’s intraday session after it reportedly received preliminary approval for an industrial bank charter. RKLB shares jumped to a 52-week high of $151 after its missile defense solution cleared the Space Development Agency’s system requirement review. Micron Technology Inc. (MU), Ford Motor Co. (F) and Rocket Lab USA Inc. (RKLB) jumped higher on Wednesday, clocking fresh yearly highs amid Wall Street optimism and a series of new company updates that stoked buyers’ sentiment. Micron jumped more than 3% after Barclays raised its price target on the company, while Ford also climbed more than 3% after announcing a new energy-storage subsidiary. Read Next Loading... Loading... Rocket Lab’s shares closed up nearly 5% on news that its proposed missile defense solution cleared a significant milestone. Micron Hits $1 Trillion In Market Capitalization Shares of the memory chipmaker jumped to a 52-week high of $956.16 in Wednesday’s intraday trading after Barclays hiked its price target on Micron to $1,175 from $675, implying an upside potential of about 28% from the last close, and maintained an ‘Overweight’ rating on the shares. The analyst said that it sees memory and storage as the "most attractive vertical below accelerators" in the semiconductor group, according to TheFly. Barclays added that it expects conti...
(RTTNews) - Asian stock markets are trading mostly lower on Wednesday, following the broadly negative cues overnight from Wall Street, weighed down by weak crude oil prices, concerns about inflation and geopolitical tensions. Traders also were concerned about the outlook for monetary policy following comments from Federal Reserve Governor Lael Brainard. Asian Markets closed mostly higher on Tuesda...
(RTTNews) - Asian stock markets are trading mostly lower on Wednesday, following the broadly negative cues overnight from Wall Street, weighed down by weak crude oil prices, concerns about inflation and geopolitical tensions. Traders also were concerned about the outlook for monetary policy following comments from Federal Reserve Governor Lael Brainard. Asian Markets closed mostly higher on Tuesday. Brainard described inflation as much too high during remarks at a Minneapolis Fed conference and predicted the Fed would start reducing its balance sheet at a "rapid pace" as soon as the May meeting. The Fed may provide additional clues about the outlook for monetary policy with the release of the minutes of its March meeting later in the day as traders look for further clues about how aggressively the central bank plans to tighten policy. Concerns about the economic impact of the ongoing war in Ukraine and looming increased sanctions on Russia following alleged atrocities by the Russian troops in Ukraine also weighed on sentiment. U.S. President Joe Biden called Russian President Vladimir Putin a war criminal and sought additional sanctions on Russia. The U.S. is likely to announce new sanctions on Russia this week. Meanwhile, the 27-member EU is under pressure to extend sanctions to Russia's oil and coal sectors to condemn its war crimes in Ukraine. The Australian stock market is sharply lower on Wednesday, recouping the gains in the previous two sessions, with the benchmark S&P/ASX 200 staying above the 7,400 level, following the broadly negative cues overnight from Wall Street, with weakness across most sectors, particularly materials and technology, on the back of tumbling commodity prices. The benchmark S&P/ASX 200 Index is losing 50.60 points or 0.67 percent to 7,477.30, after hitting a low of 7,437.50 earlier. The broader All Ordinaries Index is down 56.40 points or 0.72 percent to 7,776.80. Australian stocks ended slightly higher on Tuesday. Among major miners, ...
Make better investment decisions with Simply Wall St's easy, visual tools that give you a competitive edge. Coherent (COHR) has been back in focus after reporting quarterly results that topped analyst expectations on revenue and margins, with management pointing to strong AI datacenter and communications demand and higher capital spending. See our latest analysis for Coherent. The stock has been o...
Make better investment decisions with Simply Wall St's easy, visual tools that give you a competitive edge. Coherent (COHR) has been back in focus after reporting quarterly results that topped analyst expectations on revenue and margins, with management pointing to strong AI datacenter and communications demand and higher capital spending. See our latest analysis for Coherent. The stock has been on a strong run, with the share price gaining 18.24% over the past 30 days and 51.99% over 90 days. The 1-year total shareholder return is very large, reflecting how AI datacenter demand and NVIDIA’s stake have shifted expectations around growth and risk. If you are looking beyond Coherent and want to see what else is benefiting from AI infrastructure spending, it could be worth scanning 47 AI infrastructure stocks. With Coherent now trading around US$380, close to the average analyst target, and with expectations tied to AI demand and NVIDIA’s stake, the key question is simple: is there still a buying opportunity here or is future growth already priced in? Most Popular Narrative: 2% Overvalued Coherent's most followed narrative puts fair value at about $371, slightly below the last close at $380.18, which frames the stock as pricing in a premium for its AI and optics opportunity. The ongoing expansion of AI datacenter infrastructure and high-performance computing is propelling structural growth in demand for advanced optical transceivers (800G, 1.6T, and beyond), optical circuit switches, and related photonics components, which is fueling robust sequential order growth and sustained revenue momentum in Coherent's datacom and communications business. Read the complete narrative. Read the complete narrative. Want to see what has to happen for that premium to hold up? The narrative leans on rapid revenue expansion, higher margins, and a rich future earnings multiple. The exact mix of growth, profitability and discount rate might surprise you. Result: Fair Value of $371 (OVERVA...