What Next for the Stock Market After Failed Wagner Mutiny

What Next for the Stock Market After Failed Wagner Mutiny Weakens Russia’s Putin

Investors will start the week nervously digesting the aftermath of a short-lived rebellion by the Wagner mercenary group that weakened Russian President Vladimir Putin.

“As global markets start trading on Monday, investors are eager to see if the short-lived uprising in Russia was just the beginning of a much deeper thunderbolt that will shake geopolitical, economic and market stability in the days and weeks ahead.” Greg Bassuk, CEO of AXS Investments in New York, told MarketWatch via email on Sunday.

US stock index futures edged higher after electronic trading began Sunday night as oil prices rallied. Futures on the Dow Jones Industrial Average YM00 were up 25 points, while S&P 500 ES00 futures were up 0.1% and Nasdaq 100 futures were up 0.2%.

Global equities fell last week as rate hikes by European central banks fueled recession fears. In the US, the S&P 500 SPX ended a streak of five straight weekly gains, while the Dow Jones Industrial Average DJIA and Nasdaq Composite COMP also declined.

See: Russia’s short-lived uprising could have long-term consequences for Putin as questions remain about Prigozhin’s whereabouts

“Real cracks”

While a weakened Russia raises the prospects for a favorable outcome for Ukraine 16 months after Putin’s decision to invade, the potential for further internal conflict in the country with the world’s largest nuclear arsenal is less reassuring, observers noted.

“That raises profound questions. It’s showing real cracks,” US Secretary of State Antony Blinken told CBS News’ Face the Nation Sunday morning.

Putin’s hold on power “certainly seems more uncertain than it was a few days ago,” but there is “no clear candidate who could replace him through elections or a coup,” said Benjamin Friedman, political director at Defense Priorities, a foreign policy think tank in Washington. DC

Still, “the war in Ukraine is weakening Russia in a number of ways, including creating internal strife and dangerously disaffected elites who wield some power,” Friedman told MarketWatch. “The perception of Putin’s fallibility and weakness is growing and creating a reality of its own. This is dangerous for him. It’s hard to predict what additional outbursts of power and instability this could create,” he said.

See: Russia’s short-lived uprising could have long-term ramifications for Putin as questions remain about Prigozhin’s whereabouts

“Bloodbath” of volatility?

AXS Investment’s Bassuk said the further turmoil “could trigger a bloodbath of market volatility as it impacts the war with Ukraine, a shift in the balance between the G-8 superpowers and the already heightened potential for a US recession.” and have worldwide.”

Analysts have warned that a spike in volatility may be overdue. The Cboe Volatility Index VIX, a measure of expected volatility in the S&P 500 over the next 30 days, fell to its lowest level since January 2020 last week, ending below 14 on Friday. Its long-term average is around 20. The subdued performance, The fact that the S&P 500 index is up more than 13% year-to-date is seen as a sign of complacency by some market observers.

Read: Why the stock market rally made “easy money” — and what’s next

Potentially “no event”

But the quick end to the rebellion could make it more of a “non-event” for capital markets when trading resumes, said Marc Chandler, managing director of Bannockburn Global Forex.

While conventional wisdom sees signs of Putin’s weakness, the Russian leader has often been underestimated, he said.

“The war in Ukraine is likely to remain unaffected, and Kiev’s counter-offensive seems rather muted so far. “The risk is that if Kiev resorts to medium- and long-range missiles to hit Russian assets in Crimea and potentially in Russia itself, the war will escalate,” Chandler said.

In the rebellion, led by Wagner Group chief Yevgeny Prigozhin, the mercenary paramilitary force took over Russia’s southern military headquarters in Rostov-on-Don unopposed before marching largely unchallenged towards Moscow. Putin, without naming Prigozhin, accused him of treason.

The advance halted just over 120 miles from the capital before Prigozhin abruptly resigned and signed a deal that provided for his deployment to Belarus and dropped the charges against him for leading an armed insurgency.

As events unfolded on Saturday, analysts warned that continued turmoil could trigger a flight to quality as markets rally again for assets like US Treasury bonds TMUBMUSD10Y, US dollar DXY and other safe havens like Japanese yen USDJPY, Swiss Franc USDCHF and Gold GC00 would open.

The dollar was little changed against its main peers early Sunday night, while gold for August GCQ23 delivery rose 0.2%.

All eyes are on oil

Meanwhile, commodity and financial markets have seen major swings since Russia invaded Ukraine on February 24, 2022.

First and foremost, the invasion triggered a global energy shock. Russia was the third largest producer of crude oil in the world after the USA and Saudi Arabia and a major supplier of natural gas to Western Europe.

Crude oil futures soared immediately after the invasion, with global benchmark Brent crude BRN00 hitting just under $140 a barrel in early March 2022 after closing at $94.05 on the eve of the invasion.

Natural gas prices had also skyrocketed and fears of shortages left European governments struggling to fill stores amid apocalyptic predictions of a harsh 2022-23 winter.

Energy prices then fell again. Crude oil prices are well below pre-invasion levels. And despite waves of sanctions from European and US governments and price caps aimed at curtailing Moscow’s ability to fill its coffers, Russian crude stocks remain resilient.

Oil prices rose Sunday night with WTI gaining 87 cents, or 1.3%, to trade at $70.03 a barrel, while Brent was up 91 cents, or 1.2%, to $74.76 a barrel.

August Brent crude BRNQ23 closed at $73.85 a barrel on Friday, down 3.6% last week. West Texas Intermediate Crude for August Delivery CL00, the US benchmark, fell 3.9% last week to close at $69.16 a barrel on Friday.

Jorge Leon, senior vice president at Rystad Energy, noted that over the past 35 years, geopolitical shocks involving major oil producers have caused crude oil futures to rise by an average of 8% in the five days following the start of the triggering event have (see chart below). ).

A surge of that magnitude is unlikely given how quickly the rebellion was crushed, he said.

“Given that this weekend’s short-lived event in Russia seems to have come to an end, we don’t expect oil prices to rise as sharply next week. However, we believe geopolitical risk has increased given internal instability in Russia,” Leon said in emailed comments.

—Barbara Kollmeyer contributed.

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Selena Gomez appears to be unfollowing Zayn Malik Hadid Sisters

Selena Gomez appears to be unfollowing Zayn Malik, Hadid Sisters and Dua Lipa – TMZ

Selena Gomez seems to be unfollowing… Zayn, Hadids and even Dua Lipa?!?

6/25/2023 3:19 PM PT

More social media drama for Selena Gomez – at least it seems so… especially considering her official digital friend count.

The singer is said to have unfollowed a number of famous people lately – including Dua Lipa, Zayn Malik, who she was reportedly dating in March. Not only that… but his baby mama, Gigi Hadidand her sister bellawere also removed from Selena’s IG Episodes tab.

While it’s unclear when Selena stopped following these people, we know for sure that they’re no longer around now. And SG has followed most (if not all) of them in the recent past.

So the question… what is there??? And more importantly… does it even matter?!?

At first glance — coupled with Selena’s history of social media feuds — it seems that way … especially on the Zayn front. Rumors circulated last spring that the two had seen each other, let alone one alleged sighting where they were seen kissing at dinner.

While Selena has since made it clear she is single” …the Zayn rumor took off for a while. Apparently they are both pop stars – and seem to move in similar circles.

The Hadids and Selena have also faded over the years – and as for Dua, when asked about the prospect of working with her just six or seven months ago she was gushing about Selena… same goes for Selena, by the way, which was quoted as if you were below the same one Article.

Again, we have no idea why Selena unfollowed all of them… but it does point to some sort of argument that’s been a frequent occurrence for her lately. Look no further than Francia Raisa … and let’s not forget the whole thing”mean girls“Thing with Hailey Bieber And KylieJenner.

Selena tends to tend to mind her own business/doing her thing… but every once in a while she gets into a controversy on social media. Whether she is the one who initiated it… questionable.

Let’s all play nice.

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Orioles to promote Jordan Westburg MLB trade rumors

Orioles to promote Jordan Westburg – MLB trade rumors

The Orioles are poised to promote top infield candidates Jordan Westburg ahead of tomorrow’s game against the Reds, per ESPN’s Jeff Passan. Baltimore will need to make a 40-man roster change to accommodate Westburg and make room for him on the active roster, although that move hasn’t been announced yet. Passan adds that Westburg will be in the starting XI in his Major League debut tomorrow.

Westburg was selected 30th overall by Baltimore in the first round of the 2020 draft. In his debut pro season, he immediately impressed with the racquet, chipping .285/.389/.479 in 506 shots to the plate while progressing from Single-A to Double-A over the course of the 2021 season. While those numbers were certainly impressive, his approximate league average of 104 wRC+ in 30 Double-A games made one wonder if he would be able to be as dominant in the upper-league minors as he was in A-ball .

The youngster has broadly answered those questions with his performance in 2023. After showing improvement in 47 games at the Double-A level with a .247/.344/.473 slash line, Westburg made another step forward with a strong showing at the Triple-A during his season in old age of 23 years. Last season, Westburg had an impressive .274/.361/.508 in 91 games at the level with a career-low strikeout rate and 46 extra base hits, including 18 home runs.

After a stellar 2022 season, Westburg kicked off the 2023 season and was ranked as one of the sport’s top 75 contenders by MLB Pipeline, Baseball America, and Baseball Prospectus. He has since delivered on that promise by posting career-best 67-game numbers on his return to Triple-A. In 301 plate appearances this season, Westburg has flattened .295/.372/.567 with a WRC+ of 131, a strikeout rate of just 21.3% and .404 woBA.

With such impressive numbers, it’s no wonder the Orioles made the decision to pursue Westburg’s rise despite the club’s crowded infield. Gunnar HendersonNaturally, he’s anchored on the left side of infield, having appeared in 67 of the club’s 76 games this season. That probably lets Westburg mix in alongside the likes of us Jorge Mateo, Ramón UriasAnd Adam Frazier at center, although Frazier has also played outfield this season while Urias has occasionally stepped in at first base Ryan Mountcastle on the injured list.

Of the above trio, only Urias has batted above the league average with a WRC+ of 101 this season. However, Mateo’s glove at shortstop ranks in the 89th percentile of qualified outfield players according to Statcast, meaning he’ll likely start a tie as a racquet, even though he’s cooled off significantly after a hot start to the season. That leaves someone like Frazier and Joey Ortiz will most likely lose playing time in favor of Westburg. Ortiz, in particular, stands out as a potential candidate for Westburg as the 24-year-old youngster has made just 15 appearances for the club this season, batting .212/.206/.242 in 35 plate appearances.

Westburg’s promotion is the latest in a string of recent promotions for top prospects that began with the catcher’s debut Adley Rutschman last year. Since then, Henderson, Ortiz and Grayson Rodriguez are among the young players making their debuts for the Orioles, though Ortiz and Rodriguez have yet to fully establish themselves in the major leagues. The youth movement in Baltimore has paid off as the club posted a 47-29 record after a surprisingly competitive 2022 season, leaving both in second place in a highly competitive AL East division and in the driver’s seat of the AL Wild Card race.

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Russia Wagner troops withdraw Putin camp undermined quotdepartmentsquot according to

Russia: Wagner troops withdraw, Putin camp undermined "departments" according to the West

Wagner Group fighters prepare to leave Rostov in Russia on June 24, 2023 (AFP / Roman ROMOKHOV)

The forces of the Wagner paramilitary group retreated into Russia on Sunday, ending the uprising started by its leader Yevgeny Prigoyine, which shook the Kremlin and exposed, in the eyes of Westerners, “rifts” and “divisions” in the Vladimir Putin camp.

Evgeny Prigoyine, a harsh critic of Russia’s military strategy in Ukraine, will be able to escape any trial and join Belarus, the Kremlin promised, without revealing on Sunday when this exit under the guise of exile is planned and where the tumultuous events are taking place become boss of Wagner.

During a 24-hour expedition that took his militias less than 400 km from Moscow, 200 according to him, he challenged the Kremlin lord head-on before finally ordering his men to return to their bases, he said Report official version, a mediation by the Belarusian leader Alexander Lukashenko, the only European ally of the Kremlin.

In a sign that the urgency of the crisis had passed, Wagner’s fighters left the Voronezh and Lipetsk regions south of Moscow on Sunday, according to local authorities.

The day before, they had left the military headquarters they were occupying in Rostov (southwest), the nerve center of Russia’s operations in Ukraine, and began retreating so as not to spill “Russian blood,” as Yevgeny Prigoyine put it.

However, the “anti-terror regime” remains in force in the Russian capital and in its region. Large police patrols were deployed along the road from Moscow to the south of the capital and Monday will be a day off in Moscow.

“It’s a normal situation,” says Andrei, a 34-year-old Moscow lawyer. “We live in Russia, so we’re used to being stressed. Not more.”

– “Departments” –

Police and soldiers block part of the access road to Moscow on June 24, 2023 (AFP / Natalia KOLESNIKOVA)

With the mutiny, the Wagner boss had promised to “liberate the Russian people,” specifically targeting his two arch-enemies, Defense Minister Sergei Shoigu and Chief of Staff Valéri Guérassimov, whom he accuses of sacrificing thousands of people in the Ukraine.

Above all, however, he had questioned the authority of the Kremlin ruler, who had been in power since the end of 1999. He seemed taken aback and raised the specter of a “civil war”.

Scrutinized in all law firms, this crisis is showing “real cracks” at the highest level of the Russian state, the US Secretary of State estimated on Sunday. “The fact that there is someone inside questioning Putin’s authority and directly questioning why he launched this aggression against Ukraine is in itself something very powerful,” added Antony Blinken.

This unprecedented crisis was mentioned by US President Joe Biden and his Ukrainian counterpart Volodymyr Zelenskyy during a phone exchange, Kiev and Washington said.

French President Emmanuel Macron also felt that Wagner’s uprising showed “the divisions” in the Russian camp and “the fragility of both its armies and its auxiliaries”.

For an adviser to the Ukrainian President, Mykhaïlo Podoliak, “Prigoyine has humiliated Putin/the state and shown that there is no longer a monopoly on the use of force”.

Still from a video published on the Telegram account of the Concord intelligence service of the leader of the paramilitary group Wagner Yevgeny Prigozhin in Rostov, June 24, 2023 (TELEGRAM/@concordgroup_official/Handout)

Extraordinary scene on Saturday night in Rostov, Russia, dozens of residents showed their support for the insurgents and shouted “Wagner, Wagner!” just before they left. However, there was deep relief in the city on Sunday.

“I’ve been following the news all day and I was really concerned. So I’m glad everything turned out well,” Tatiana, a 76-year-old retiree, told AFP.

– Major Weaknesses –

Weakened in the eyes of the West, the Russian regime could count on support from Beijing on Sunday. “As a friendly neighbor and strategic partner, China supports Russia in its efforts to protect the country’s stability,” China’s foreign ministry said, calling the mutiny “an internal matter.”

Moscow has also sought to dispel any notion that this crisis could affect its offensive in Ukraine.

Map showing the location of the M4 highway taken by the Wagner paramilitary group on June 24 towards Moscow (AFP / Patricio ARANA)

The Russian army said on Sunday it had “successfully repelled” attacks by Kiev forces in four areas of the Ukrainian front.

To the east, around Bakhmout, a town captured by Wagner’s forces in May, Ukrainian soldiers saw little change after the failed coup.

“Most troops understand that this is a circus that the Russians have not left,” one of them, 26-year-old Nazar, told AFP.

During his call with Joe Biden, Ukraine’s president said he “discussed seeking to deepen defense cooperation” to support the counteroffensive launched by Kiev.

– Dangerous game –

However, according to experts, the mutiny in Russia could have an impact, at least psychologically, on the course of the war, in which Wagner’s militiamen took an active part.

“Prigozhin’s anger against the elite could spill over into the Russian military,” said Lucian Kim of the American Wilson think tank.

The Kremlin tried to avoid this scenario by also promising impunity to Wagner’s mercenaries who participated in the rebellion, thus showing unusual leniency.

Wagner Group fighters board a vehicle in Rostov, Russia, June 24, 2023 (AFP/Roman ROMOKHOV)

If the terms of the compromise between the Kremlin and Wagner boss remain a subject of speculation, the Belarusian President has played a key role.

It’s a prestigious win for him, but he may regret the award when he sees Wagner’s lumbering leader arrive at his home, analysts say.

Lithuanian President Gitanas Nauseda responded on Sunday by saying that if Yevgeny Prigoyine does arrive in Belarus, NATO must “strengthen” its eastern flank.

In an unusual way, Russian authorities have also recommended the media give their staff a day off on Saturday after an “emotionally draining and tense” day.

Russia: Wagner troops withdraw, Putin camp undermined "departments" according to the West Read More »

She marries a man older than 26 now they have

She marries a man older than 26, now they have five children: “Everyone believes that he is my father and they try .”

A Woman she married a Man From 26 years older than her, showing that people always assume they are related. The discomfort that the woman feels is that they are exchanging that Husband for him Father or for them Grandpa of her five Children. Allison Hornsby, 45, met her husband Ben, 71, in 1998 when the 46-year-old, now retired postal worker, made a delivery to the pawn shop where she worked when she was 20.

TV presenter invited to the wedding wears a dress that is too hot. Rain of criticism from fans: “You steal the scene from the bride”

Newborn adopted by firefighter who found her and his wife: ‘Respect for birth mother, good at leaving her in safe haven’

The couple immediately had a “natural connection” and while they knew their huge age difference could cause controversy, they decided not to let it separate them.

Now the happy couple who live in it Florida, USA, has five children and says she couldn’t be more in love. But their relationship isn’t without its challenges: Allison revealed that people keep making embarrassing mistakes when they assume they’re related, and when they find out her husband, they post a comment calling him their “sugar daddy.”

Taking to social media, the 45-year-old often said she was fed up with the abusive comments other younger men write to her, proposing themselves as partners and claiming to be better than their husbands.

the opinion of others

“The teachers thought Ben was our kids’ grandfather,” the couple laughed. In 2003, Ben became a father at the age of 53 when Allison gave birth to triplets Benjamin, Noah and Ethan. Three years later, the two had more twins, Mia and Jude.

Responding to family and friends, the woman explained, “My sister was only 13 when she met Ben, but she has always welcomed and supported our relationship.” “Some of our friends reacted differently but were surprised by the age difference,” she added Allison added.

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Human remains of actor Julian Sands who disappeared last January

Human remains of actor Julian Sands, who disappeared last January, found in a desert in California La Prensa Gráfica

Some hikers found “human remains” in the Mount Baldy desert of Southern California, a mountainous region where English actor Julian Sands – known for his appearances in films such as Naked Lunch (1991) and A Room With a View (1985)– according to the authorities.

“Around 10:00 am on Saturday, June 24, 2023, civilian hikers contacted the Fontana Sheriff’s Station after discovering human remains in the desert on Mt. Baldy (…) The deceased was taken to the Coroner’s Office, pending an identification that should be completed next week,” the San Bernardino County Sheriff’s Department said.

Sands disappeared January 13 after hiking alone in the Baldy Bowl area of ​​the San Gabriel Mountains, about 50 miles (80 km) northeast of Los Angeles, and was wanted by drones and helicopters due to avalanche danger and dangerous trail conditions the actor prevented them from finding land.

Sands was born on January 4, 1958 in Otley, West Yorkshire (England) and moved to California in the 1980s. His last residence was in North Hollywood.

His career was marked by film and television projects. His notable works include the film “The Girl with the Dragon Tattoo” (2011), Jackie Chan’s action comedy “The Medallion” (2003), as well as his participation in series such as “Smallville” or “The L Word”.

Human remains of actor Julian Sands, who disappeared last January, found in a desert in California La Prensa Gráfica Read More »

Taymour Jumblatt will lead the Progressive Socialist Party in Lebanon

Taymour Jumblatt will lead the Progressive Socialist Party in Lebanon

Beirut, June 25 (Prensa Latina) MP Taymour Jumblatt will head the Lebanese Progressive Socialist Party (PSP) from today after being elected president of the main political force of the Druze community in Cedar Land.

By acclamation, Taymour will succeed his father, Walid Jumblatt, who has led the organization since the late 1970s and announced his retirement a month ago.

On the occasion of the 49th Congress of the PSP, the election of the leader of the Parliamentary bloc “Democratic Encounter” will assert the leadership of the power party of the Jumblatt family, one of the figures represented on the national political scene.

In his speech, Taymour said the PSP will continue to be the party fighting to preserve Lebanon’s institutions and genuine dialogue, “not a land of emptiness and obstruction.”

As part of the conclave, Zafer Nasser won the post of general secretary of the PSP and Habouba Aoun and Zaher Raad were elected vice-presidents.

At the same time, Nashat Al-Hasaniyah, Muhammad Basbous, Rima Saliba, Marwa Abu Faraj, Lama Hariz, Rina Al-Hasaniyah, Kamel Al-Ghusseini and Hussein Idris received a vote for board membership.

In the current parliament, Taymour and the PSP lead the Democratic Encounter bloc, which includes MPs Marwan Hamadeh, Akram Chehayeb, Bilal Abdullah, Wael Abu Faour, Hadi Abu Al-Hassan, Faisal Al-Sayegh and Raji Al-Saad.

The political organization was founded in 1949 by Kamal Jumblatt (1917–1977), Walid’s father and Taymour’s grandfather, and is considered one of the leading figures in Lebanese and Arab patriotic life.

jha/yma

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1687734985 Tractive One million pets networked with Paschings knowledge OO

Tractive: One million pets networked with Pasching’s knowledge OÖ

We don’t see ourselves as a start-up anymore, those times are over,” says Michael Hurnaus. The 39-year-old is head of the Pasching-based company Tractive, which he co-founded in 2012, which deals with tracking systems (tracking ) for cats and dogs across national borders has made a name for itself – and is now taking the next step in expansion.

By the end of the year, the number of monthly active subscribers worldwide is expected to increase to one million. There are currently 750,000, says Hurnaus. Two years ago there were about half of that. Tractive sells 85% of its products in Europe, mainly in Germany and Great Britain.

In the medium to long term, however, the US is expected to become the largest single market. The American market is also a lever due to the number of inhabitants. As reported, Tractive brought US investors on board in 2021, who invested $35 million in the Pasching-based company.

The founders of Runtastic and Hansi Hansmann, one of the most well-known financiers in the local scene, also invested. “Overall things are going very well for us, we are growing in a healthy way,” said Hurnaus in an interview with OÖ Nachrichten. Despite the pandemic, inflation and energy crisis, we are on the right track. Sales are in the “double-digit million clear range”, says the company’s boss, without giving specific figures. “We’re definitely cash flow positive.”

220 employees, 40 vacancies

13 employees work in the US office in Seattle; at the headquarters in Pasching, which was expanded last summer, there are more than 200 from 40 different countries. About 40 employees were sought. They are trying to score points with TV advertising and the four-day week that has been in place since June 2022 with full salary compensation. But the search is not easy.

Products and programs are developed in Upper Austria and manufactured in two factories in China and Malaysia. If it goes to Hurnaus, a production facility in Europe should open later this year. “Of course, it’s cheaper in Asia, but it’s not comparable to the situation a few years ago.” There is also political instability, for example due to tensions between China and Taiwan. The location of the factory in Europe has not yet been defined, says Hurnaus. But: “We want to shorten distances”. Until now, Tractive has specialized in tracking the location of dogs and cats using GPS data. Hurnaus announced that in the future it will also be possible to draw conclusions about the state of health of the pet. These are the duration and intensity of sleep or movement sequences of dogs and cats. “If something is wrong, the tracker recognizes it and can help the veterinarian in the treatment”, says the head of Tractive.

The goal of reaching one million active users is a milestone for the company, says Hurnaus. The entrepreneur sees a lot of potential, especially in the American market. There lived people who lived on larger farms, had several dogs and let them run free. This fits perfectly with Tactive’s business model.

“Would choose again”

The decision for the four-day week was a risky one, but a successful one. “We are happy to have taken this step and would choose him again,” says Hurnaus. You can’t just attract good employees with free drinks, fruit, coffee, snacks or lunch vouchers. The right working environment, flexibility and modern working conditions are also in demand. However, a four-day week isn’t right for all companies and industries, says Hurnaus. A lot depends on the culture, working methods and areas of responsibility.

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