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Intel’s CEO is stepping down as the stalwart American chipmaker has struggled to keep pace with the artificial intelligence revolution.

The company announced that Pat Gelsinger, who’d led Intel since 2021 and logged more than 30 years in various positions with the chipmaker, had retired from the company effective Sunday.

“While we have made significant progress in regaining manufacturing competitiveness and building the capabilities to be a world-class foundry, we know that we have much more work to do at the company and are committed to restoring investor confidence,’ Intel’s board chair, Frank Yeary, said in a news release.

Intel, once the standard-bearer for American computer chip manufacturing, has struggled to keep up with the turn toward AI computing over the past couple years. Having largely missed out on the smartphone boom of the 2010s, Intel could not afford another misstep by failing to anticipate the next major tech trend.

Yet, it largely has missed the mark — and has suffered disastrous consequences as a result.

As the AI boom began to dawn in 2022, major tech giants began to tap a rival chipmaker, Nvidia, to handle many of their AI computer processing needs.

That’s because Nvidia’s graphics processing unit (GPU) chips are better able to handle the strenuous computing power needs of AI processes. Nvidia’s GPUs are able to perform calculations more efficiently thanks to their ‘parallel processing ability,’ whereas regular computer-processing units, or CPUs — the kind of chips Intel has long specialized in — are better suited for straightforward computing tasks like writing files to a disk.

As a result, demand for Nvidia’s chips has proven virtually insatiable.

Intel shares have declined 61% since Gelsinger took over, while Nvidia’s surged more than 820% over the same time period.

The S&P 500 rose 54% over that time.

Nvidia is now valued at more than $3 trillion, while Intel’s market cap stands at approximately $100 billion — about 30-times smaller than Nvidia.

Gelsinger had embarked on a campaign to turn the company’s fortunes around, stating in Intel’s most recent earnings report that it was in the midst of its most critical restructuring since it was established in 1968.

The Biden administration has sought to support Intel through CHIPS Act funding — but last month, announced it was reducing the size of a planned investment by $600 million compared with the award it had earlier announced in March. While some of that was due to Intel having also announced a $3 billion Defense Department contract, the Commerce Department noted that timelines for some projects had extended beyond a 2030 government deadline.

This post appeared first on NBC NEWS

Sporting a sparkly dress and a Santa hat atop her distinctly pink hair, Sarah Potempa stood in front of her smartphone at her hair-care company’s warehouse in Waukegan, Illinois. It was time to go to work. 

Potempa is a celebrity hairstylist who goes live on TikTok multiple times a week. During “the packing show,” as she calls it, Potempa livestreams herself as she packs up orders of her viral Beachwaver curling iron for six to eight hours at a time. 

The stream on Nov. 20 had a party atmosphere, with Potempa taking breaks to dance to “In Da Club” by 50 Cent in between shipping out orders. To the more than 1,000 TikTok users who typically tune in for Potempa’s shows, this is entertainment and shopping all at once. 

Beachwaver is part of a growing influx of retailers that are flocking to TikTok Shop, the video app’s shopping service. TikTok Shop launched in September 2023 as a way for users to purchase products without leaving the app, and since then, the China-owned app has emerged as a viable alternative for retailers looking to diversify their e-commerce business from Amazon. 

Via a dedicated Shop tab, retailers big and small promote products of all kinds, ranging from eyeshadow palettes, phone chargers, detox teas, treadmills and more. On TikTok, retailers typically offer generous coupons and free delivery within a few days. Shoppable posts, which look like normal videos but are ads for products sold in TikTok Shop, frequently appear in TikTok’s main video feed, known as the “For You” page. Those posts allow users to purchase products without exiting their For You feed.

On Potempa’s show, shoppers race to place an order to get a 50% discount on Beachwaver products and free add-ons to their order like face washes or lipsticks, along with the chance to have their username read aloud by Potempa while she packs their order on screen.

“When TikTok Shop was new and people hadn’t used it yet, they would ask, ‘Is this on Amazon yet?’” Potempa said in an interview. “I would get those questions like, ‘Can I buy it somewhere else?’ Now that it’s been around for a year or so, we’ve done 1.2 million orders.”

ByteDance-owned TikTok has already cemented itself as an advertising powerhouse, and with TikTok Shop, the company has been trying to carve out another revenue stream through e-commerce. The company has attracted the likes of Nike, PacSun and Crocs, among others. Those retailers want to tap into the more than 170 million Americans on TikTok who shop on impulse as they scroll through videos. 

They aren’t the only ones. 

Amazon sellers are also being persuaded to try out the service with promises of low fees and steep discounts on products footed by TikTok. Besides sellers, the company has also hired talent away from Amazon, filling key roles for TikTok Shop in areas like marketing, creator relationships, brand safety, category managers and operations.

In the 15 months since its launch, TikTok Shop has emerged as a “massive e-commerce machine,” according to ecommerceDB, a market research firm. EcommerceDB predicts TikTok Shop will more than double its gross merchandise volume, or the dollar value of items sold on its marketplace, to $50 billion this year. That’s a fraction of Amazon’s 2024 expected GMV of $757 billion, but nonetheless, TikTok Shop is making strides.

“Every time you scroll, every other scroll is a Shop post, so they’re making a lot of investment to encourage that in-app conversion,” said Caila Schwartz, Salesforce’s director of consumer insights and strategy for retail and consumer goods.

Amazon spokesperson Mira Dix told CNBC in a statement that sellers are engaging with its store “more than ever before” and seeing greater success. Dix said the company’s services for sellers are optional, such as fulfillment, which costs “an average of 70% less” than comparable two-day shipping alternatives.

“Our selling partners are incredibly important to Amazon, and we work hard to innovate on their behalf and support the growth and success of these businesses across all of their sales channels,” Dix said.

Beachwaver CEO Sarah Potempa hosts livestreams on TikTok Shop multiple times a week.

TikTok’s e-commerce push comes at a precarious moment for the company. 

In April, President Joe Biden signed a law that requires ByteDance to sell TikTok by Jan. 19. If TikTok fails to cut ties with its parent company, app stores and internet hosting services would be prohibited from offering the app, amounting to a nationwide ban in the U.S. TikTok has sued to block the measure.

President-elect Donald Trump could rescue TikTok from a potential U.S. ban. After trying to implement a TikTok ban during his first administration, Trump reversed his stance, acknowledging in a March interview with CNBC’s “Squawk Box” that “there’s a lot of good and there’s a lot of bad” with the app. Trump changed his position around the time that he met with billionaire Jeff Yass, who is a major investor in ByteDance.

As the January deadline grows nearer, TikTok has largely been operating its business as usual. 

Executives from TikTok Shop pitched its marketplace as a holiday shopping destination during an October event in Manhattan with business owners and social media influencers. Users have shopped hundreds of millions of units on its e-commerce platform since launching September 2023, said Nico Le Bourgeois, TikTok Shop’s head of U.S. operations. Le Bourgeois, who joined TikTok in August 2023, previously spent nearly nine years at Amazon in a variety of divisions including its third-party marketplace.

TikTok Shop isn’t trying to sell “everything to everybody,” Le Bourgeois told CNBC in October. TikTok Shop is a marketplace for product discovery that surfaces “new, cool, interesting” items from big and small brands, he added.

“You see it, you like it, you buy it. It’s not a search,” he said. “It’s a very different way of shopping.”

Le Bourgeois declined to comment on the looming TikTok ban, but a company spokesperson at the event said TikTok Shop isn’t slowing down.

“The sellers here, creators, they’re building their livelihoods on TikTok,” the spokesperson said. “We’re going to continue to show up for that. There’s a huge opportunity for us.”

More Americans are expected to turn to TikTok and other China-linked apps for gift buying this holiday shopping season. 

Roughly 63% of Western consumers plan to purchase from Chinese shopping apps during the season, according to Salesforce. That includes TikTok, Alibaba’s AliExpress, Shein, Temu and fast-fashion company Cider.

On Saturday, TikTok said its U.S. Black Friday sales topped more than $100 million, with home goods, fashion and beauty products among the most popular categories. Canvas Beauty, a top seller of hair-care and beauty products on TikTok Shop, hit $1 million in sales within two hours of going live on the app, the company said.

Retailers and sellers, some of which count TikTok for the lion’s share of their online sales, told CNBC that they’re sticking with the platform despite the possibility that it could disappear.

Although it’s impossible to ignore the conversation around a potential TikTok ban in the U.S. as a brand that heavily relies on the platform, Yay’s Snacks co-founder and COO Rachel Cheng said she’s not convinced that TikTok will go away under the Trump administration because it doesn’t seem to be the president-elect’s main focus.

Yay’s Snacks, which makes crispy Cambodian beef jerky, was one of the earliest companies to join TikTok Shop when it launched. Yay’s founder and CEO Marlin Chan, a former YouTuber, frequently posts humorous TikTok videos promoting his snacks, which are based on his grandmother’s original recipe. Among the videos is a series that parodies the show “Undercover Boss.” Those videos helped Yay’s amass tens of thousands of TikTok followers, who keep buying the jerky, Cheng said.

At one point, TikTok sales comprised nearly 90% of Yay’s total revenue, with monthly sales from the app peaking at $75,000 last November, Cheng said. Yay’s is prepared to divert to Amazon and its own website if TikTok is banned, but as long as TikTok is “still here, we’re going to do what we can to stay on top,” Cheng said.

“If we were sitting here worrying about what’s next, we would’ve never gotten on TikTok Shop,” Cheng said. “We’re enjoying it while it’s hot.”

Scrub Daddy, known for its smiley face-shaped sponges, went viral on TikTok during the Covid pandemic and counts more than 4 million followers. Its top video, a demonstration of its Damp Duster sponge, has 30 million views while its bestselling product on TikTok Shop has been purchased nearly 76,000 times, according to the app. That figure doesn’t account for items that have been returned after purchase.

After kicking off in 2012 with an appearance on “Shark Tank,” Scrub Daddy CEO Aaron Krause said he lost faith in traditional marketing efforts. 

“We did a TV ad, we did some outdoor ads on billboards, we did a little bit of radio,” Krause said. “All I found was that I was throwing money into the air.”

The company pivoted toward social media marketing, primarily on Instagram, which turned out to be a “pot of gold,” Krause said. Scrub Daddy set up an account on TikTok in 2020 and worked with influencers to promote its products, including Vanesa Amaro, a popular account for housecleaning content with more than 5.7 million followers. After Amaro recommended the sponges to her viewers, Scrub Daddy sold 30,000 units in one weekend, Krause said.

TikTok’s “algorithm just allows you to hit millions and millions of views with one hysterically crazy video,” he said.

In recent months, TikTok has encouraged retailers and sellers to host hourslong livestreams multiple times per week as a way to connect with shoppers. Many brands have invested in building out their own studios to record the shows or have hired talent to host them. 

Scrub Daddy snatched up longtime QVC host Dan Hughes after he was laid off from the home shopping company in 2023. Others, like Beachwaver, have turned their CEOs into on-screen talent.

TikTok Shop was a big topic of conversation at a conference for Amazon sellers in New York in October. A session on “how to scale your brand” with TikTok Shop drew a packed room of sellers who listened to e-commerce strategist Rafay MH talk up the potential for brands to haul in $8 million to $10 million in sales from TikTok in less than a year. 

“Amazon comes with a ton of competition,” MH said. “TikTok is the opportunity for free eyeballs and sales.” 

Many Amazon sellers have embraced TikTok after they were initially slow to join the platform, said Michelle Barnum Smith, who provides consulting services to online businesses.

“I was the bedraggled gold miner standing on the street corners of New York, saying ‘There’s gold in those hills,’ and people were like, ‘Yeah, sure,’” Barnum Smith said “But as soon as they started seeing their competition on there, or their buddy on there, they were like, ‘I’ve got to get on there.’”

There’s now “extreme FOMO,” or fear of missing out, among Amazon sellers to join TikTok even if it no longer exists in the U.S. next year, Barnum Smith said.  

“Whatever the future looks like for TikTok Shop, they’re happy to take that money now and get while the getting’s good,” Barnum Smith said.

Disclosure: CNBC owns the exclusive off-network cable rights to “Shark Tank.

This post appeared first on NBC NEWS

In this video from StockCharts TV, Julius takes a deep dive into US sector rotation, breaking it down into offensive, defensive and cyclical sectors. He first looks at the relative rotations that are shaping up inside the group, assessing each sector’s price chart in combination with the rotation on the Relative Rotation Graph to get a complete picture. This all culminates with the chart of SPY, which is showing a lot of strength recently. Going forward, the crucial question will be whether SPY can rally further without the participation of technology, the most important sector in the universe.

This video was originally published on November 27, 2024. Click anywhere on the icon above to view on our dedicated page for Julius.

Past videos from Julius can be found here.

#StayAlert, -Julius

Days of protests have rocked Georgia following the government’s controversial decision to delay the former Soviet country’s bid to join the European Union.

Tensions have been brewing for months in the South Caucasus nation of 3.7 million people, where critics accuse the ruling Georgian Dream party of following increasingly authoritarian, pro-Russia policies in a turn away from the West that has tempered hopes for Georgia’s long-promised path to EU membership.

The protests have been met with a violent police crackdown as the ruling party and thousands of protesters become locked in a deepening battle over the country’s future and whether Georgia should forge closer ties with Russia or Europe.

Here’s what you need to know.

What sparked the protests?

Tensions intensified in late October when Georgian Dream claimed victory in a contested election that was widely seen as a referendum on joining the EU.

Georgia, which gained independence from the Soviet Union in 1991, has for years pursued EU membership, with the goal of joining the bloc written into its constitution.

Most Georgians support the policy, polls consistently show, and it appeared to be on track last year when the country gained EU candidate status.

But on November 28, the government signaled a pivot away from Europe in a move which sparked widespread anger.

Prime Minister Irakli Kobakhidze said Georgia would suspend EU accession talks for four years after the European Parliament rejected the country’s election results, citing alleged irregularities.

The Georgian Dream governing bloc accused the EU of using the prospect of accession talks to “blackmail” Georgia, and to “organize a revolution in the country.”

“We have decided not to put the issue of opening negotiations with the European Union on the agenda until the end of 2028,” it said. “Also, we refuse any budgetary grant from the European Union until the end of 2028.”

What’s happening at the protests?

The government’s move brought thousands of pro-European Georgians to the streets of the capital Tbilisi, where they have rallied for consecutive nights despite a violent police backlash.

Reuters videos show protesters waving Georgian and EU flags and chanting “Russian slaves” at police officers guarding the parliament building. Police fired water cannons and tear gas at protesters, while men wearing balaclavas were seen running into the crowds and beating individuals.

The protests have spread beyond the capital, with Georgian media reporting demonstrations in at least eight cities and towns, according to Reuters.

Opposition TV channel Formula showed people in the central town of Khashuri throwing eggs at the local Georgian Dream office and tearing down the party’s flag. Demonstrators also blocked an access road to the country’s main commercial port in the Black Sea city of Poti, according to Georgian news agency Interpress.

More than 100 people have been arrested, according to Georgian officials, who claimed protesters threw stones and glass bottles at law enforcement. Dozens of people have also been hospitalized.

Residents have remarked on the forcefulness of the police response, which has been widely condemned internationally.

Salome Zourabichvili, the country’s pro-Western president whose powers are mostly ceremonial, claimed that police “targeted journalists and political leaders.”

She lambasted what she called “brutal and disproportionate attacks on the Georgian people and media, reminiscent of Russian-style repression” at the protests.

How did Georgia get here?

Nearly 80% of Georgians support European integration, according to a poll in December last year by the US non-profit National Democratic Institute.

Many Georgians also feel a deep hostility towards Russia, which invaded Georgia in 2008 and today occupies about 20% of its internationally recognized territories.

Since Russia invaded Ukraine in February 2022, thousands of Russians – especially men of service age – have fled to Georgia to avoid conscription, tearing at the country’s social fabric as many Georgians express fears of creeping Russification.

Georgian Dream, founded by a billionaire who made his fortune in Russia, has taken a sharp authoritarian turn in recent years. Earlier this year, it pushed through a new Russian-style “foreign agent” law that allows the government to clamp down on watchdogs, alarming the EU, the US, and its political opponents within Georgia.

Experts have warned the suspension of EU talks is another sign the country is going down an undemocratic path under Georgian Dream.

She said she fears Georgia is “becoming a state that is non-democratic, unfree, where liberties are not respected.”

How have the EU and US reacted?

The United States and the EU have criticized what they see as growing authoritarianism in Georgia and the aggressive response to protesters by police.

The US State Department condemned “the excessive use of force by police against Georgians” and said it was suspending the US-Georgia Strategic Partnership due to “anti-democratic actions” by the ruling party.

“We reiterate our call to the Georgian government to return to its Euro-Atlantic path, transparently investigate all parliamentary election irregularities, and repeal anti-democratic laws that limit freedoms of assembly and expression,” spokesperson Matthew Miller said in a statement.

EU foreign policy chief Kaja Kallas said the bloc stands “with the Georgian people and their choice for a European future,” in a post on social media.

“We condemn the violence against protesters & regret signals from ruling party not to pursue Georgia’s path to EU and democratic backsliding of the country,” she said. “This will have direct consequences from EU side.”

How has Georgia responded?

Prime Minister Kobakhidze dismissed the US criticism and said police had “successfully protected the state from another attempt to violate the constitutional order,” according to Reuters.

Georgian Dream has also denied it is linked to Russia.

Kobakhidze has insisted the party remains committed to Georgia’s EU bid and is only pushing back on “blackmail and manipulation” by EU politicians.

But the West has become skeptical of the party’s intentions.

So too have hundreds of Georgian diplomats and civil servants, who have signed open letters calling the delay of EU talks unlawful.

Russian President Vladimir Putin is yet to comment on the situation in Georgia.

But Dmitry Medvedev, a former Russian president prone to hyperbole who currently sits on the Security Council of Russia, described events in Georgia as an attempted revolution warning on Telegram that the country was “moving rapidly along the Ukrainian path, into the dark abyss. Usually this sort of thing ends very badly.”

This post appeared first on cnn.com

Australian police seized the country’s largest haul of cocaine aboard a fishing boat that had broken down near the coast of Queensland, arresting 13 people alleged to be part of a drug-smuggling syndicate.

Authorities tracked a recreational fishing boat as it traveled out to sea where it allegedly met a mothership in international waters to fetch the cocaine – some 2.34 metric tons with a street value of nearly half a billion dollars.

The boat suffered a suspected mechanical breakdown, leaving the alleged traffickers stranded 18 kilometers (11 miles) off the northeastern tip of K’gari island, formerly known as Fraser Island, on Saturday.

Police seized their chance to board the boat, arresting two men at sea in a joint investigation between federal and local forces. Another 11 were arrested on shore, including two juveniles.

The arrests include the Brisbane vice president of the Comanchero Outlaw Motorcycle Gang, which is accused of engaging in violence, extortion and trafficking, police said.

All the suspects are accused of being part of a criminal syndicate and have been charged with conspiracy to import a commercial quantity of drugs. The maximum penalty is life imprisonment.

Police said the haul was the equivalent to 11.7 million individual street deals.

“We know that criminals go to extreme lengths, and often risk their own lives, to smuggle drugs into Australia with no regard to the harm they cause to Australian communities,” Commander Stephen Jay said.

“This alleged attempt to collect more than 2 tons of cocaine from the ocean shows that criminals will do anything for their own greed and profit.”

The police operation began in November following a tip-off that the Comanchero biker gang was allegedly planning to bring the drugs into the country.

Australian police have warned in recent years that international drugs cartels are increasingly targeting the country, where a surge in cocaine use combined with some of the highest street prices in the world has fueled a lucrative illicit market.

Last week, six so-called “narco subs” stuffed with cocaine were captured in a Colombian-led international anti-drug operation. Among the haul was 225 metric tons of cocaine, 5 tons of which was found aboard a semi-submersible vessel plying a marine trafficking route from Colombia to Australia, according to the Colombian Navy.

This post appeared first on cnn.com

A bear that ran amok in a supermarket in northern Japan has been caught two days after it attacked a worker, the latest in a surge of encounters between bears and people in the country.

The bear wandered into the store in Akita City on Saturday and attacked a 47-year-old employee, who sustained a minor head injury, police said.

It was two more days before authorities were able to trap the animal – and in that time it ransacked the meat section and damaged some shelves, police said, citing the store manager.

Bear attacks are becoming a growing headache for the country, especially in northern Japan, where mountain ranges and lush bush provide an ideal habitat.

But climate change is interfering with flowering and pollination schedules, disrupting bears’ traditional sources of food, forcing them to venture out to urban areas in search of sustenance, some experts have suggested.

The bear, believed to be 1-meter (3 feet) long, remained in the store after attacking the worker, so authorities sent a drone inside on Sunday to find it, public broadcaster NHK reported.

Outside, police officers in protective gear and holding shields entered the supermarket from an entrance covered by a piece of plastic, according to local media footage.

The bear was later found in the storage area, so workers set up a box trap, with honey and apples to attract the interloper. The bear was caught on Monday.

The number of bear attacks in the prefecture was higher than usual this year after hitting a record last year, the spokesperson said.

Japan also recorded the highest number of injuries or property damage as a result of bear attacks in the fiscal year that ended in March, according to NHK.

This post appeared first on cnn.com

There’s a name for that feeling you get after spending too long scrolling aimlessly, and Oxford University Press (OUP) has chosen it as its word for the year for 2024.

“Brain rot” took the title in a vote in which more than 37,000 people participated, as well as public commentary and analysis of OUP’s language data.

In a statement released Monday, OUP, which publishes the Oxford English Dictionary, defined “brain rot” as “the supposed deterioration of a person’s mental or intellectual state, especially viewed as the result of overconsumption of material (now particularly online content) considered to be trivial or unchallenging.”

While the use of “brain rot” rose 230% this year, it actually first appeared more than a century ago.

According to OUP, it was first used by author Henry David Thoreau in his book “Walden” as he criticised society’s tendency to devalue complicated ideas in favour of simple ones.

“While England endeavours to cure the potato rot,” wrote Thoreau, “will not any endeavour to cure the brain-rot – which prevails so much more widely and fatally?”

All these years later, it seems brain rot is well and truly established.

The term has gained traction over the past year, however, especially as worries grow about the impact of over-consuming low-quality content online.

Earlier this year, a behavioral healthcare provider in the United States began offering treatment for brain rot, describing it as a condition of “mental fogginess, lethargy, reduced attention span, and cognitive decline.”

The healthcare company cited doomscrolling and social media addiction as examples of brain rot behavior, which could be prevented by setting limits on screen time or doing a digital detox.

“’Brain rot’ speaks to one of the perceived dangers of virtual life, and how we are using our free time,” said Casper Grathwohl, president of Oxford Languages, in Monday’s announcement.

“I also find it fascinating that the word ‘brain rot’ has been adopted by Gen Z and Gen Alpha… These communities have amplified the expression through social media channels, the very place said to cause ‘brain rot,’” he added.

“It demonstrates a somewhat cheeky self-awareness in the younger generations about the harmful impact of the social media that they’ve inherited.”

The word beat out five other shortlisted contenders, which included “lore,” meaning a body of (supposed) facts, background information and anecdotes required to fully understand something; “romantasy,” a portmanteau for literature combining elements of romantic fiction and fantasy; and “slop,” which refers to low-quality content generated by artificial intelligence.

“Demure,” a word that went viral over the summer following a popular TikTok video, was also shortlisted. The word, which means being reserved in appearance or behavior, had already been named word of the year by Dictionary.com last week.

Last year, Oxford chose “rizz” as its word of 2023. Derived from the word charisma, it refers to a person’s ability to attract a romantic partner.

This post appeared first on cnn.com

A highly decorated former Israeli defense minister has caused a firestorm by accusing Israel of carrying out ethnic cleansing of Palestinians in northern Gaza.

Moshe Ya’alon, who served for three decades in the Israel Defense Forces (IDF), including in the elite Sayeret Matkal commando unit, and as the military’s chief of staff, also said that he believed Israel was losing its identity as a liberal democracy and becoming a “corrupt and leprous fascist Messianic state.”

“Conquering, annexing, ethnic cleansing – look at northern Gaza,” Ya’alon told Israel’s Democrat TV.

The interviewer expressed surprise at Ya’alon’s use of the phrase “ethnic cleansing,” asking, “Is that what you think – that we’re on the way there?”

“Why ‘on the way?’” he responded. “What’s happening there? There’s no Beit Lahia. There’s no Beit Hanoun. They’re currently operating in Jabalya, and essentially, they’re cleaning the area of Arabs,” he said, referring to the IDF.

The Israeli military has for two months been carrying out an intense and deadly operation in northern Gaza, targeting what it says are resurgent Hamas militants. It has told all civilians that for their own safety, they must go to a humanitarian area in southern Gaza. Thousands of Palestinian civilians have refused to leave, after more than a year of being told to evacuate to areas of Gaza that are then also targeted by Israeli strikes. Vanishingly few aid deliveries have been allowed into northern Gaza, according to the World Food Programme.

The Israeli military, responding to Ya’alon, denied that it was ethnically cleansing northern Gaza and said that it operated “in accordance with international law, and evacuates civilians based on operational necessity, for their own protection.”

The government has not yet presented a plan for post-war governance in Gaza. It has also denied it is implementing a “surrender or starve” proposal in northern Gaza put forward by a retired military general, Giora Eiland – though it did consider the plan.

“I held up a mirror to the statements of many ministers and Knesset (parliament) members in the government,” Ya’alon said in a second interview, with Channel 12. “Under this title, ethnic cleansing is effectively being carried out; I don’t have another word for it.”

The interviewer said that such a phrase evoked “dark periods” in history.

“That’s right, and I purposely used this term to ring the alarm bells,” the former defense minister responded.

Extremist factions in Israeli politics have called for Jewish settlement in Gaza nearly since the outset of the war , following Hamas’ October 7, 2023, attack. Soldiers serving in Gaza have regularly promoted the return of Gush Katif – Gaza settlements destroyed when Israel unilaterally withdrew from the territory in 2005. And the ideas have gained traction: In October, hundreds of activists and several senior sitting ministers attended a Gush Katif conference near the Gaza border.

“We need to stay there, we need to establish a flourishing Jewish settlement there,” Israel’s far-right finance minister, Bezalel Smotrich, said in an interview with Israel TV channel Kan on Monday. “Both because this is the land of Israel and also because this guarantees the security of the residents of the South.”

Ya’alon joined a growing chorus in recent weeks referring to Israel’s military operation in northern Gaza as “ethnic cleansing.”

Israeli newspaper Haaretz published an editorial at the end of October titled: “If it looks liked ethnic cleansing, it probably is.” Human Rights Watch last month said in a 154-page report that Israel had overseen the forced mass displacement of Palestinians in Gaza in a deliberate and systematic campaign that amounts to a war crime and a crime against humanity. Josep Borrell, the European Union’s top diplomat, said he believes that “it is not by chance that the words ‘ethnic cleansing’ are increasingly used to describe what is going on in north Gaza.”

The International Criminal Court last month issued arrest warrants for Prime Minister Benjamin Netanyahu and former Defense Minister Yoav Gallant, saying it had “reasonable grounds” to believe that Netanyahu bears criminal responsibility for war crimes including “starvation as a method of warfare” and “the crimes against humanity of murder, persecution, and other inhumane acts.” It also issued a warrant for a senior Hamas official.

The former defense minister said that upon seeing what’s happening in Gaza, he could no longer use the oft-cited monicker for the IDF as the “most moral” military in the world.

“The IDF is not the most moral army today,” he said. “It’s hard for me to say that.”

His intervention drew harsh criticism from former military colleagues. “To lie and harm the State of Israel and the IDF is not following a compass – this is lawlessness,” the politician Benny Gantz, who also served as IDF chief of staff, said in a statement. “The IDF has bent over backwards to minimize loss of civilian life,” Naftali Bennett, who also served in the Sayeret Matkal commando unit, said. “The population is moved away from danger for its own safety. It is not only the IDF’s right to do so, itis its obligation.”

Ya’alon said that while military commanders may believe their actions are purely operational, politicians have other plans in mind – and his words were aimed at them.

“I’m talking about soldiers moving populations, thinking it’s for operational purposes,” Ya’alon said. “But the intention of Smotrich, Ben Gvir, Strook, and Daniela Weiss” – all avowed settlers – “is an open and declared one.”

This post appeared first on cnn.com

President-elect Donald Trump is wasting little time affirming that tariffs will be a Day One priority. With his inauguration less than two months away, small businesses are already making moves to avoid expected cost increases — or weighing whether to take a financial hit or pass it on to customers.

On Monday, Trump announced on Truth Social that he plans to implement 25% tariffs on all goods from Mexico and Canada, plus an additional 10% tariff on goods from China.

He didn’t reiterate his calls on the stump for blanket tariffs on imports from practically everywhere, and some experts predict his proposed trade barriers would face legal challenges. But despite the uncertainty, small businesses that had eyed the plans nervously during the campaign say the clock is ticking to insulate themselves as best they can.

There’s a sense of urgency, and I’m very nervous.

Beatrice Barba, owner of Tabor Place, san francisco bay area

Beatrice Barba runs Tabor Place, a San Francisco Bay Area maker of nontoxic cups and lunch boxes for children. She’d intended to spend 2025 innovating new styles of her signature sippy cups, but now she’s dropping those plans and stockpiling as much of her basic inventory as she can.

Her entire product line is made in China, because none of the 80 domestic manufacturers she contacted when she launched the business around six years ago could execute her borosilicate glass designs.

Barba was a little worried about Trump’s tariff proposals, but she didn’t expect him to win, and she doubted his commitment to imposing them if he did. Over the next couple of months, she’s hoping her Chinese suppliers can churn out a single $200,000 order for the whole year — and get it through U.S. ports — before Trump takes office.

“That at least buys me a little bit of time to weather the storm,” she said. “There’s a sense of urgency, and I’m very nervous.”

This post appeared first on NBC NEWS

In this video from StockCharts TV, Julius takes a deep dive into US sector rotation, breaking it down into offensive, defensive and cyclical sectors. He first looks at the relative rotations that are shaping up inside the group, assessing each sector’s price chart in combination with the rotation on the Relative Rotation Graph to get a complete picture. This all culminates with the chart of SPY, which is showing a lot of strength recently. Going forward, the crucial question will be whether SPY can rally further without the participation of technology, the most important sector in the universe.

This video was originally published on November 27, 2024. Click anywhere on the icon above to view on our dedicated page for Julius.

Past videos from Julius can be found here.

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