Residents confront federal agents following a shooting on Jan. 14, 2026, in Minneapolis, Minnesota. Scott Olson | Getty Images An Immigration and Customs Enforcement agent was charged with four counts of assault in the January shooting of a Venezuelan immigrant in Minneapolis , prosecutors said Monday. The ICE agent, Christian Castro, was also charged with falsely reporting a crime in connection w...
Residents confront federal agents following a shooting on Jan. 14, 2026, in Minneapolis, Minnesota. Scott Olson | Getty Images An Immigration and Customs Enforcement agent was charged with four counts of assault in the January shooting of a Venezuelan immigrant in Minneapolis , prosecutors said Monday. The ICE agent, Christian Castro, was also charged with falsely reporting a crime in connection with the Jan. 14 shooting of Julio Sosa-Celis , the Hennepin County Attorney's Office said. That shooting occurred a week after another ICE agent fatally shot Renee Good , a U.S. citizen, in Minneapolis. Castro, who is not in custody, is the second federal agent to be criminally charged in connection with their conduct during Operation Metro Surge , the Trump administration's controversial immigration-enforcement mission in Minneapolis and elsewhere in Minnesota. In April, the Hennepin County Attorney's Office charged ICE agent Gregory Donnell Morgan Jr. with assault for pointing his gun at the heads of two people in another car on Feb. 5 as he tried to pass them while illegally driving in his unmarked SUV on the shoulder of a highway in Minneapolis . Federal agents guard a perimeter following a shooting as angry residents protest their presence in the city on Jan. 14, 2026, in Minneapolis, Minnesota. Scott Olson | Getty Images ICE, in a Jan. 15 statement that remains up on the Department of Homeland Security 's website, said Sosa-Celis was shot after he and two other "criminal illegal aliens ... violently assaulted law enforcement with a shovel and broom handle in an attempt to evade arrest and obstruct law enforcement" during a targeted traffic stop of Sosa-Celis in north Minneapolis. But video of the incident contradicted that claim. And prosecutors later dropped charges against Sosa-Celis and another man in the incident, Alfredo Aljorna, who had each been accused of assault on a federal officer. Todd Lyons , the then-acting director of Immigration and Customs Enforcement...
Supercharged gains in a handful of companies and weak market breadth are stoking concerns that the world’s hottest stock market is overheating in some pockets. Up 75% this year, the quick ascent of South Korea’s Kospi Index has largely been driven by Samsung Electronics Co. and SK Hynix Inc., which accounted for two-thirds of the advance. The surge reflects record profits at the chipmakers, and wi...
Supercharged gains in a handful of companies and weak market breadth are stoking concerns that the world’s hottest stock market is overheating in some pockets. Up 75% this year, the quick ascent of South Korea’s Kospi Index has largely been driven by Samsung Electronics Co. and SK Hynix Inc., which accounted for two-thirds of the advance. The surge reflects record profits at the chipmakers, and with valuations still below regional and global peers, some investors argue the rally lacks the excesses typical of past boom-and-bust cycles. At the same time, signs of froth are building. Key market measures showing uneven earnings growth, rising volatility and record margin debt are beginning to give some investors pause. “This is a party you want to enjoy while staying near the exit,” said Mo Young , a portfolio manager at RootN Global Investors in Seoul. Here are four charts showing why the unease is building over the market’s rapid ascent: Narrow Leadership Market breadth, which shows the participation of stocks in any given move, is showing that the rally remains highly concentrated. Just 33% of benchmark stocks are now trading above their 50-day average, down from 70% three weeks ago. Meanwhile, 2% of members are hitting new 52-week high despite the Kospi’s successive records, which underscores the narrowness of the gains. “In other words, buying the index is not simply buying a diversified slice of Korea; it is increasingly a concentrated bet on memory semiconductors,” said Christian Heck , a New York-based portfolio manager at First Eagle Investment Management. “The index itself is no longer obviously cheap, and broad exposure requires underwriting a very large semiconductor-cycle bet,” he added. “Selectivity is essential.” Speculative Small Stocks With Samsung and SK Hynix posting record profits, signs of froth are emerging in smaller stocks where earnings growth is lagging. Non-tech firms have driven just 4% of the 12-month earnings gain since September, according...
President Donald Trump said he called off a strike on Iran after an appeal by the leaders of Persian Gulf allies, who called for more time to pursue a diplomatic resolution. Bloomberg Economics' Chris Kennedy has the latest. (Source: Bloomberg)
President Donald Trump said he called off a strike on Iran after an appeal by the leaders of Persian Gulf allies, who called for more time to pursue a diplomatic resolution. Bloomberg Economics' Chris Kennedy has the latest. (Source: Bloomberg)
President Donald Trump's first-quarter 2026 ethics filing reads less like a disclosure form and more like a trading floor transcript. A newly released Office of Government Ethics (OGE) filing shows Trump’s portfolio executed 3,642 securities transactions in Q1 — roughly...
President Donald Trump's first-quarter 2026 ethics filing reads less like a disclosure form and more like a trading floor transcript. A newly released Office of Government Ethics (OGE) filing shows Trump’s portfolio executed 3,642 securities transactions in Q1 — roughly...
(RTTNews) - The Taiwan stock market has moved lower in two straight sessions, sinking more than 850 points or 2.2 percent along the way. The Taiwan Stock Exchange now sits just beneath the 40,900-point plateau and it may spin its wheels on Tuesday.
(RTTNews) - The Taiwan stock market has moved lower in two straight sessions, sinking more than 850 points or 2.2 percent along the way. The Taiwan Stock Exchange now sits just beneath the 40,900-point plateau and it may spin its wheels on Tuesday.
Andreas Rentz/Getty Images News Bayer's ( BAYRY ) ( BAYZF ) Monsanto unit agreed to pay at least $133M to settle claims by Michigan and Rhode Island that the company contaminated the states' natural resources with toxic chemicals that are known to have dangerous health effects, Reuters reported Monday. Bayer ( BAYRY ) ( BAYZF ) agreed to pay Michigan at least $108M and Rhode Island at least $25M ...
Andreas Rentz/Getty Images News Bayer's ( BAYRY ) ( BAYZF ) Monsanto unit agreed to pay at least $133M to settle claims by Michigan and Rhode Island that the company contaminated the states' natural resources with toxic chemicals that are known to have dangerous health effects, Reuters reported Monday. Bayer ( BAYRY ) ( BAYZF ) agreed to pay Michigan at least $108M and Rhode Island at least $25M to address the costs of cleaning up polychlorinated biphenyls, the latest in a series of settlements that have reached a dozen U.S. states over legacy PCB contamination. Monsanto, which produced PCBs during 1935-77, said the settlements will address legacy liabilities with no admission of wrongdoing. The company said in a statement that Monsanto conducted and participated in studies on PCB safety, and provided appropriate warnings to its customers "based on state-of-the-science at the time." PCBs, which were once used widely to insulate electrical equipment and in a wide variety of products including caulking, floor finish and paint, were outlawed by the U.S. government in 1979 after being linked to cancer and other health problems. More on Bayer Bayer Presents at 21st Annual Global Farm to Market Conference - Slideshow Bayer Q1 2026 Earnings Call Presentation Bayer: Higher Risks From Litigation Drive My Price Target Down
Hong Kong’s finance chief has begun a five-day European tour, starting in France, as part of the city’s latest push to attract global capital and reinforce its status as an international financial hub. Financial Secretary Paul Chan Mo-po arrived in Paris on Monday, where he met representatives of the Association Francaise de la Gestion Financiere (AFG) and Paris-based think tank Asia Centre, sourc...
Hong Kong’s finance chief has begun a five-day European tour, starting in France, as part of the city’s latest push to attract global capital and reinforce its status as an international financial hub. Financial Secretary Paul Chan Mo-po arrived in Paris on Monday, where he met representatives of the Association Francaise de la Gestion Financiere (AFG) and Paris-based think tank Asia Centre, sources told the South China Morning Post. He also called on China’s ambassador to France and Monaco,...
Wayfair CFO's Muted Home-Goods Demand Outlook Offers More Bad News For Realtors Wayfair CFO Kate Gulliver appeared at JPMorgan's conference Monday morning in a discussion with the bank's retail analyst, Christopher Horvers. What caught our attention in the 35-minute conversation, which ranged from the online home-goods retailer's financial position to broader consumer trends, was Gulliver's outloo...
Wayfair CFO's Muted Home-Goods Demand Outlook Offers More Bad News For Realtors Wayfair CFO Kate Gulliver appeared at JPMorgan's conference Monday morning in a discussion with the bank's retail analyst, Christopher Horvers. What caught our attention in the 35-minute conversation, which ranged from the online home-goods retailer's financial position to broader consumer trends, was Gulliver's outlook on home goods and housing markets. A more active housing market typically drives demand for big-ticket home purchases such as sofas, tables, and other furnishings sold on Wayfair's online platform. However, her forecast for the remainder of the year was decidedly muted, a gloomy outlook that may leave realtors and mortgage brokers uneasy. Horvers asked Gulliver about the home goods and housing markets, including whether she was worried about soaring energy prices, the post-stimulus era, and how those factors could affect consumer demand for home goods over the rest of the year. Her outlook for the rest of the year was not great. She noted that the home goods category " has not been a tailwind for us ." " At some point, this cyclical category will recover, but our expectations for 2026 and our guidance for the second quarter do not assume any category recovery. Our operating assumption for 2026 is that the category stays where it is ," Gulliver explained. Gulliver's dismal view of the home goods and housing markets for the rest of the year offers valuable insight because Wayfair is one of the largest online home-furnishings platforms in the U.S. Much of Wayfair's consumer base consists of millennials and Gen Xers in the household-formation cycle, including raising a family, buying a home, or moving into a larger residence, all of which drive demand for furniture and such. This muted activity she observes and forecasts also comes as the 30-year mortgage rate is back around 6.5%, up roughly 35 basis points from when the U.S.-Iran conflict began in late February. Related: Mos...