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Erin Patterson, the Australian woman accused of killing three relatives with a meal of death cap mushrooms baked in a Beef Wellington lunch, has been found guilty of three counts of murder and the attempted murder of the lone survivor.

A 12-member jury reached the verdict after around six days of deliberation following a 10-week trial in Morwell, a tiny town about an hour’s drive from the suburban dining room in Leongatha, Victoria, where the lethal lunch was served in July 2023.

Patterson’s former parents-in-law, Don and Gail Patterson, died along with Gail’s sister Heather Wilkinson. Heather’s husband Ian, their local pastor, survived after a weekslong stay in hospital.

Prosecutors alleged that Patterson deliberately laced the lunch with death cap mushrooms, highly toxic fungi that she picked after seeing their location posted on a public website.

Her defense lawyers argued the deaths were a “terrible accident” and that Patterson repeatedly lied to police out of panic when she realized she may have added foraged mushrooms to the meal.

Under Australian law, none of the jurors can be publicly identified, and they’re prohibited from disclosing jury room deliberations even after the trial ends.

It will never be known which pieces of evidence influenced each juror’s decision, but all 12 were required to agree on the verdict.

The trial has captivated audiences worldwide via news reports and four podcasts dedicated to unpacking each day’s evidence.

Patterson sat in court, listening as prosecutors called witness after witness, whose testimony, they alleged, told a compelling story of a triple murder that the jury found satisfied the legal standard of beyond reasonable doubt.

The fateful lunch

The agreed facts were that Patterson asked five people to lunch on July 29, 2023, including her estranged husband Simon Patterson, who pulled out the day before.

Within hours of the meal, the four lunch guests – Simon’s parents Don and Gail, and his aunt and uncle, Heather and Ian Wilkinson – became ill with vomiting and diarrhea. They went to hospital where they were placed in induced comas as doctors tried to save them.

Gail and Heather died on August 4 from multiorgan failure, followed by Don on August 5, after he failed to respond to a liver transplant. Ian Wilkinson survived and was finally discharged from hospital in late September, after almost two months of intensive treatment.

Death cap mushrooms contain amanita toxins that prevent the production of proteins in liver cells, leading to cell death and possible liver failure from about two days after ingestion.

Native to Europe, the lethal mushrooms have been found growing in several Australian states, and around the time of the lunch, they had been seen within a short drive of Patterson’s home in rural Victoria.

In finding Patterson guilty, jury members indicated they were convinced beyond reasonable doubt that she planned to kill all four guests by hiding death cap mushrooms in the lunch.

During the trial, the prosecution argued that Patterson had the opportunity to pick lethal mushrooms after seeing their location posted on the citizen science iNaturalist website.

The guilty verdict suggests the jury accepted the prosecution’s argument that she likely traveled to two sites in April and May 2023, and deliberately picked the mushrooms used in the meal.

Patterson admitted that on April 28 – the same day as cellphone signals put her in the vicinity of death cap mushrooms – she bought a dehydrator that she later dumped at a waste recycling center on August 2.

It had her fingerprints on it and contained remnants of death cap mushrooms.

The prosecution alleged that Patterson faked illness in the days after serving the lunch and tried to cover her tracks by disposing of the dehydrator and factory resetting her devices to delete evidence.

The prosecution did not have to prove motive.

Prosecutor Nanette Rogers SC accused Patterson of having two faces: One she showed the world that suggested she had a good relationship with the Pattersons, the parents of her estranged husband, and a hidden face she showed only her Facebook friends that suggested she wanted to cut ties with them.

In Facebook messages sent in December 2022, Patterson had expressed anger and frustration over Don and Gail’s reluctance to get involved in their son’s marriage breakdown.

“I’m sick of this shit I want nothing to do with them,” she wrote. “I thought his parents would want him to do the right thing but it seems their concern about not wanting to feel uncomfortable and not wanting to get involved in their son’s personal matters are overriding that so f*** em.”

And another message read: “This family I swear to f***ing god.”

During eight days of testimony including cross-examination, Patterson consistently pleaded her innocence, claiming she inadvertently added foraged mushrooms to the meal.

In his directions to the jury, Justice Christopher Beale said that Patterson’s admission that she told lies and disposed of evidence must not cause them to be prejudiced against her.

“This is a court of law, not a court of morals,” he said.

“The issue is not whether she is in some sense responsible for the tragic consequences of the lunch, but whether the prosecution has proved beyond a reasonable doubt that she is criminally responsible for those consequences,” he said.

The jury found that Patterson had intended to kill all four lunch guests and lied repeatedly on the stand to claim she didn’t.

Patterson will be sentenced at a later date.

This is a developing story. More to come

This post appeared first on cnn.com

Indonesia’s rumbling Mount Lewotobi Laki Laki erupted Monday, sending a column of volcanic materials as high as 18 kilometers (11 miles) into the sky and depositing ash on villages.

The volcano has been at the highest alert level since last month and no casualties were immediately reported.

Indonesia’s Geology Agency recorded an avalanche of searing gas clouds mixed with rocks and lava traveling up to 5 kilometers (3 miles) down the volcano’s slopes during the eruption. Observations from drones showed lava filling the crater, indicating deep movement of magma that set off volcanic earthquakes.

The column of hot clouds that rose into the sky was the volcano’s highest since the major eruption in November 2024 that killed nine people and injured dozens, said Muhammad Wafid, the Geology Agency chief. It also erupted in March.

“An eruption of that size certainly carries a higher potential for danger, including its impact on aviation,” Wafid told The Associated Press from Switzerland where he was attending a seminar. “We shall reevaluate to enlarge its danger zone that must be cleared of villagers and tourist activities.”

The volcano monitoring agency had increased the alert status for Mount Lewotobi Laki Laki to the highest level after an eruption on June 18, and more than doubled an exclusion zone to a 7-kilometer (4.3-mile) radius since then as eruptions became more frequent.

After an eruption early last year, about 6,500 people evacuated and the island’s Frans Seda Airport was closed. The airport has remained closed since then due to the continuing seismic activity.

The 1,584-meter (5,197-foot) mountain is a twin volcano with Mount Lewotobi Perempuan in the district of Flores Timur.

Monday’s eruption was one of Indonesia’s largest volcano eruptions since 2010 when Mount Merapi, the country’s most volatile volcano erupted on the densely populated island of Java. That eruption killed 353 people and forced over 350,000 people to evacuate affected areas.

Indonesia is an archipelago of more than 280 million people with frequent seismic activity. It has 120 active volcanoes and sits along the “Ring of Fire,” a horseshoe-shaped series of seismic fault lines encircling the Pacific Basin.

This post appeared first on cnn.com

The owners of a pet lion that jumped a wall and attacked a woman and two children in the Pakistani city of Lahore have been arrested.

The woman and her two young children, aged 5 and 7, were taken to hospital, after being attacked in an alleyway when the lion escaped from a farmhouse in the neighborhood of Johan town on Thursday.

Security camera footage released by police showed the lion leaping over a concrete wall and pouncing on a woman from behind, knocking her to the ground. A man can be seen running out of the property the lion escaped from with an object in hand and chasing the lion away from the woman, before the wild cat takes off further down the road where the children were attacked.

They sustained injuries to their faces and arms but are now in stable condition, according to the Associated Press news agency.

Lahore police said in a video posted to social media that the lion had escaped from an open cage at the farmhouse and that it was recaptured by the owners, who promptly put it in a vehicle and went into hiding in another district.

Muhammad Faisal Kamran, Deputy Inspector General of Lahore Police Operations, said three people were arrested on Friday morning. “We’ve also captured the lion and transferred it to Wildlife authorities,” Kamran said.

Lahore police shared an image of three men in a police cell and video of the lion in a cage.

Owning wild cats as pets is seen as a status symbol in Pakistan and is not uncommon, but a license is required, and large cats must be kept outside city limits.

“This unfortunate incident highlights how wild animals are often kept in such places without a license, or permission — with no legal procedures followed — endangering the lives of many people,” Kamran said.

The Punjab government announced Sunday that it was undertaking a province-wide crackdown on those keeping lions without a license. So far, 13 lions have been captured and five individuals arrested in connection with violating wildlife regulations.

This post appeared first on cnn.com

Former Russian Transport Minister Roman Starovoit died by suicide on Monday, just hours after Russian President Vladimir Putin fired him from the job, officials said.

Starovoit was dismissed by Putin on Monday morning. The decree announcing his dismissal was published on the official Kremlin website, with his deputy Andrey Nikitin appointed acting minister.

Asked by reporters for the reasons behind Starovoit’s dismissal, Kremlin spokesperson Dmitry Peskov denied this was due to a “lack of trust,” but he did not give any alternative reason.

The Investigative Committee of Russia said in a statement that Starovoit’s body was found inside a car in Odintsovo, a suburb of Moscow. He was found with a gunshot wound, the committee said. It said the circumstances of his death were being investigated but the “main theory is suicide.”

Before he became a minister in May 2024, Starovoit was the governor of the southern Russian Kursk region. While he left the post before Ukraine’s surprise incursion, he was partially blamed for security failures in the Russian region.

The dismissal came amid a multi-day disruption to air travel in Russia. Russian Federal Agency for Air Transport said 485 flights were canceled, 88 were diverted and 1,900 were delayed over the weekend and into Monday.

The agency said the cancellations were down to “external interference,” without giving any specifics. But the Russian Defense Ministry said more than 400 Ukrainian long-range strikes were intercepted during the same period of time.

The Ukrainian military said it also struck a chemical plant in Krasnozavodsk, north of Moscow early on Monday. It said the plant manufactures “pyrotechnic devices and ammunition, including thermobaric warheads for Shahed-type” drones.

Another deadly night in Ukraine

At least 12 civilians were killed and more than 90 injured in Russian attacks across Ukraine in the 24 hours to mid-morning on Monday, according to Ukrainian authorities.

At least 29 people, including three children aged 3, 7 and 11, were injured when Russian drones hit a residential building, a kindergarten and a commercial area at 6 a.m. local time Monday (11 p.m. ET on Sunday) in Kharkiv in northeastern Ukraine.

At least 17 more people, including a teenage boy, were injured when the same city was struck with drones again just five hours later, according to Kharkiv mayor Ihor Terekhov.

The Ukrainian Air Force said Russia fired four surface-to-air missiles and 101 Shahed-type drones at Ukraine in the past 24 hours, adding that it downed 75 of the drones either by shooting them down or by jamming.

The Land Forces of Ukraine said on Monday that two of its recruitment offices were hit by Russian drones on Monday, the latest in a string of similar incidents.

Six draft offices across the country have been attacked by Russian drones in just over a week, the Land Forces said in a statement, adding that they believed Russia was attacking the offices in an attempt to disrupt the Ukrainian military’s enlistment process.

At least two people have been killed and more than a dozen injured in these attacks, the statement said.

This post appeared first on cnn.com

“Something can be born out of everything – if you want it to,” said Iris Haim, whose hostage son Yotam was killed in Gaza. Those words are helping her find hope.

The new beginning that Haim now longs for is a grandchild, created from sperm she had harvested from Yotam’s body upon its return home in December 2023.

Yotam, 28, was kidnapped by Hamas-led militants from kibbutz Kfar Aza on October 7, 2023. After spending 65 days in captivity, he was mistakenly shot by Israeli troops on December 15, 2023 along with two other hostages, Alon Shamriz and Samer Talalka, as they attempted to flee their captors in northern Gaza.

Yotam is the only Israeli hostage whose sperm is known to have been retrieved posthumously, and whose family is lobbying to use it to have a child.

Haim says Yotam, a single man at the time of his death, always wanted children. “Yotam really wanted that – he talked about it a lot,” she said.

A total of 205 hostages have so far been returned, 148 of whom were released alive, and 57 returned dead, according to Prime Minister Benjamin Netanyahu’s office. Most had been dead for weeks, if not months, making the men’s sperm no longer viable for use – except for Yotam’s. That’s where his mother saw an unexpected opportunity to have what would be her first grandchild.

Chances of successful sperm retrieval are highest in the first 24 hours after death, with the cut-off time being 72 hours, according to the Israeli government.

There are currently 50 Israeli hostages held in Gaza, of whom at least 20 are believed to be alive. Both Hamas and Israel have accepted a new ceasefire proposal and indirect negotiations on a deal have restarted, raising hopes that more could return home soon.

Uncharted territory

Haim remembers with painful clarity the moment Israeli authorities came to her home and told her about her son’s death. “Yotam was killed. By friendly fire. While escaping Hamas captivity. He was mistakenly identified as a terrorist,” Haim recalled the officers saying.

Half an hour after they broke the news of Yotam’s death, one officer approached Haim and whispered, “you can request sperm retrieval,” Haim said. The process “immediately got started, immediately,” she said.

Yotam’s sperm was retrieved within the necessary window of time. Ten samples were extracted, “enough for five children,” Haim recalled being told by the doctor who performed the procedure.

Haim now faces an uphill battle to get approval to use his sperm to produce a grandchild. If she succeeds, her next challenge would be to find a woman to carry the child and raise it.

Sperm lives on briefly after death, which is why it’s possible for doctors to retrieve it from testicular tissue. Any live sperm cells found are transferred and frozen in liquid nitrogen.

None, however, can be used without approval from a family court, where Haim now faces an uphill battle to continue her son’s lineage.

In Israel, extracting sperm from a dead body is permitted, but there is no law that clearly defines the process of using the sperm for the purpose of producing offspring.

“In Israeli law, we don’t have a law for this procedure,” Nily Shatz, Haim’s lawyer, said, adding that family courts have only approved posthumous use of sperm by parents of the deceased to produce a child twice in the past; however, the second case was later overturned after an appeal brought by the state. “All the other cases were rejected.”

The first case was that of a woman who after years of court battles was able to have a grandchild after proving that her son, who was killed in Gaza in 2002, wanted children, according to Shatz. The court, however, declared that the ruling should not be perceived as a precedent, saying legislators must decide on the matter in the future. The second case was that of a couple who are still fighting in court to have a grandchild with retrieved sperm of their late son, who died in 2012.

Extreme caution

Meirav Ben-Ari, a lawmaker in Israel’s parliament, the Knesset, is pushing for a bill that formally allows family members to use retrieved sperm even if the deceased had not specifically stated his wish to have a child posthumously, as long as they can prove the deceased would have wanted a child.

Netanyahu’s coalition is made up of some of the most religiously conservative parties ever to hold power in Israel, including ultra-Orthodox and far-right religious Zionist factions whose agendas are reshaping the country’s legal and social fabric.

Shatz, Haim’s lawyer, said that after the horrors of October 7, it was past time for parliament to pass a law on the issue, especially as families of hundreds of fallen soldiers retrieve the sperm of their dead.

But while Haim longs to be a grandmother, the issue of using the sperm of deceased men remains controversial. It raises ethical, religious and legal questions that lawmakers are yet to address.

For now, cases are assessed individually by the family courts, Shatz said. And since there are varying opinions in government about the practice, each case is viewed with extreme caution, she said.

At the moment, for families to use the sperm of their deceased, they must prove to the courts that the person who died wanted children, even after his death.

Yotam’s family is working to prove that he wanted children by providing testimony from relatives, friends and his therapist, but such intangible proof is likely to be harder for many others to present.

“There’s no logical way (where) usually people say that I want a child, even if I’m going from the world,” Shatz said, noting this isn’t something ordinary men think about, especially when young.

Sperm retrievals soared after October 7

Posthumous sperm retrieval (PSR) in Israel was previously open only to partners – provided other relatives did not object – while parents of the deceased had to apply for legal permission. Following the October 7 attacks, the Ministry of Health loosened the rules.

“In previous years, approximately 15–20 such retrievals were performed annually,” the ministry said.

For Haim, having a grandchild is a way to prove that Israel will keep growing despite the massacre.

“Every mother whose child was killed wants to have something from that child, not just photos. She wants something tangible,” Haim said, her eyes briefly filling with tears. “As the people of Israel, we need to understand today that, after October 7, we need to keep growing – to show our enemies that our way, this continuity of our lives here in this country, and in general, is through the creation of new life.”

“That forces you to be in this situation. That’s what war is doing to us,” he said.

Levine advocates for soldiers to decide early whether they’d like to have children, and for them to preserve their sperm while they are still alive.

Some have also called for soldiers to leave a “biological will,” a testament that lays out an individual’s wishes when it comes to posthumous use of eggs or sperm, whether they are retrieved after death or frozen while the person is still alive.

‘The knock on the door’

Bella Savitsky, whose son Jonathan died in combat on October 7, opted to retrieve his sperm and got approval for it, but it came too late.

Savitsky, a senior lecturer in the School of Health Sciences at Ashkelon Academic College, said studies show a maximum of 36 hours since time of death is the only time that retrieved sperm can be usable, a shorter timeframe than that cited by the Israeli government. This window is narrower in Israel because the hot weather can affect the sperm’s quality in dead bodies, she said.

On October 9, 2023, Savitsky received “the knock on the door” from authorities, telling her that her 21-year-old son had been killed in heavy fighting at an army outpost near Gaza.

“He wanted to get married, to have children, a dog, and a home in the countryside.”

It took many hours for Savitsky to obtain a court order allowing the harvesting of her son’s sperm.

“Altogether, it took 70 hours,” she said. “So, when the posthumous sperm retrieval was done, it was not intact. There was no live sperm.”

Ethical considerations

Sperm retrieval after death undoubtedly raises complex moral, ethical, judicial and religious questions. While technology has advanced, critics say the law has not kept up.

Experts say the controversy stems from the lack of clear consent from the father and the idea of bringing a child into the world who is fatherless from the outset.

“You are bringing into the world a child whose parent is known, named and deceased. This has a significant psychological impact and is different from a single-parent family,” Siegal said.

Some may also object to having children that effectively serve as a monument to the deceased father.

In that case, “the grandparents are seeking a ‘memorial’ – a form of commemoration – or trying to recreate something that cannot be recreated,” Siegal said. There are also religious considerations, as “retrieving sperm is an intrusive act, and in Judaism, there is a critical prohibition against desecrating the dead,” he said.

To mitigate these issues, Savitsky believes that young men should be asked whether they would want their sperm to be posthumously retrieved before they enter army service, but said the ministry of defense may be wary of implementing this as it could dent troop morale.

For Haim, despite the difficulties, the battle to have a grandchild gives her strength in the face of the tragedy she faces after October 7, as well as hope for the future.

In May, the State Attorney’s Office gave a green light in principle for Haim to use Yotam’s sperm. That was a first step towards what may be a long journey for her to have a grandchild. The family still needs to present evidence to prove that Yotam would have wanted a child, Shatz, Haim’s lawyer said.

“In the end, the reality did happen to us on October 7. So now – what will we do with that reality? Cry, wail, say, why did this happen to us?” she asked.

“Yes, a disaster happened. Period. But what else happened? A lot of amazing things also happened. That’s where I’m aiming (for).”

This post appeared first on cnn.com

Chinese chain Luckin Coffee opened its first two U.S. locations this week, betting that mobile-only ordering and creative flavors can lure customers away from Starbucks.

Both new Luckin stores are based in Manhattan, and at the midtown location on Wednesday, Sam Liu took a sip of her jasmine cold brew.

“I’ve never tried anything like it,” she said.

I thought I just order at the counter, but I realized everyone was standing around looking at their phone.

Luckin Customer Sam Liu, New York City

Liu said she’d hoped for more seating — the small shop has only three tables — and was initially confused by Luckin’s in-app ordering system, which means customers can’t order directly from a barista.

“I thought I just order at the counter, but I realized everyone was standing around looking at their phone,” Liu said.

Luckin is China’s largest coffee chain, with more than twice as many locations as Starbucks there. Its two New York City stores are its first foray outside Asia, where it has over 24,000 locations across the region. By comparison, there are over 17,000 Starbucks in the United States.

Its CEO, Guo Jinyi, called the U.S. “a strategically important market” for the company’s expansion in a press release heralding the two new locations Wednesday. “We are excited to introduce a diverse and unique coffee experience to American consumers.”

The company, which didn’t respond to a request for comment, has touted its ambitions to expand globally but hasn’t publicly detailed its next moves in the U.S. or other markets.

The chain has gained success overseas through creative drinks like alcohol-infused coffees and fruit lattes, along with its smartphone-centric ordering model. The app-based approach makes it easier to track inventory, send personalized appeals to consumers and serve drinks quickly, said John Zolidis, an analyst who tracks Luckin and Starbucks at the brokerage firm he founded, Quo Vadis Capital.

“Luckin was able to develop an incredible muscle with regard to product innovation, and they have been very creative in China,” he said.

Drink orders ready for pickup or delivery inside one of the Manhattan Luckin shops on Monday.Anthony Behar / Sipa USA via AP

Zolidis said how Luckin fares on Starbucks’ home turf will depend on its ability to differentiate its menu from other major U.S. coffee chains and smaller, independent cafes. Its American lineup already includes distinctive drinks like blood orange cold brew and coconut lattes.

“These orange drinks, or one of their most successful, a coconut cloud latte — that’s how you get trial [customers] from the U.S.,” Zolidis said.

Luckin faced financial troubles during the pandemic. It was delisted from Nasdaq in 2020 after its stock plunged following an internal investigation that found an executive had falsified revenue reports. The company filed for bankruptcy in the U.S. the following year but emerged from proceedings in 2022 and its sales have soared since, reaching $4.7 billion worldwide in fiscal year 2024, a 38.4% increase from 2023.

Luckin was able to develop an incredible muscle with regard to product innovation, and they have been very creative in China.

John Zolidis, Founder, Quo Vadis Capital

Starbucks, by contrast, is struggling in both the U.S. and China. Its same-store sales in the U.S. declined 2% and its sales in China 8% in fiscal year 2024, and it reported in April that its quarterly profit was half of what it pulled in for the same period last year. The Seattle-based chain is reportedly looking to partially sell its business in China while revamping its U.S. strategy to focus on customer experience and human connection, in contrast with Luckin’s model.

“We veered away from, I think, owning the idea of the ‘third place,’ the coffeehouse experience, making sure that the customer was front and center,” Starbucks CEO Brian Niccol told NBC News in June.

A Starbucks spokesperson declined to comment.

Zolidis said that whereas Starbucks aims in both the U.S. and China to appeal to customers looking for higher-end coffee served in an inviting setting, Luckin has successfully positioned itself as the “everyman’s coffee” in China, with low prices and small, grab-and-go storefronts.

After taking the train in from Hoboken, New Jersey, to check out the new one in midtown, Samantha Coy said the trip was worth it. She had enjoyed Luckin in China previously and was eager to order one of its fruit drinks.

“I’m surprised Starbucks hasn’t tried to bring that over to the U.S.,” Coy said. “I hope they stay open.”

Zolidis said he thinks Luckin is well-positioned to gain a foothold in America.

“They’ve been able to operate and grow incredibly quickly in the Chinese market, much faster than I would have thought possible, and they’ve been able to sustain it and develop a strong financial model so they can fund their expansion in the U.S.,” Zolidis said. “They wouldn’t be coming here to try it if they didn’t think they had a shot of owning part of the market.”

This post appeared first on NBC NEWS

After a strong move in the week before this one, the Nifty spent the last five sessions largely consolidating in a very defined range. The markets traded with a weak underlying bias and lost ground gradually over the past few days; however, the drawdown remained quite measured and within the expected range. As the markets consolidated, the trading range got narrower. The Nifty moved in a 337-point range during the week. While the Index formed a near-similar high, it marked a much higher low. The volatility also retraced; the India VIX came off by 0.59% to 12.31. While showing no intention to trend higher, the headline Index closed with a net weekly loss of 176.80 points (-0.69%).

The Nifty has created an intermediate resistance zone between 25600 and 25650. A trending move on the upside would happen only if the Nifty is able to take out this zone on the upside convincingly. Until that happens, we will see the Nifty continuing to consolidate with 25100 acting as support. This is the prior resistance level, which is expected to act as support in case of any corrective retracement. So long as the Nifty is inside the 25000-25650 zone, it is unlikely to develop any sustainable directional bias on either side.

Friday was a trading holiday in the US. Because of this, we will not have any overnight cues to deal with on Monday. The Indian markets may see a stable and quiet start. The levels of 25650 and 25800 are likely to act as probable resistance points. Support levels come in at 25250 and 25000.

The weekly MACD is bullish and remains above its signal line. The weekly RSI is 62.40; it stays neutral and does not show any divergence against the price. No major formation was noticed on the candles.

The pattern analysis of the weekly chart reveals that after breaking above the rising trendline resistance and moving past the 25000-25150 zone, the Nifty consolidated after trending higher for four consecutive days. Over the past week, it gave up a portion of its gains and consolidated at higher levels. In the process, it has dragged its support level higher to 25000. As long as the Index remains above this point, the breakout and the resumption of the upmove observed in the preceding week remain valid and intact.

Overall, it is expected that the Nifty will remain within the 25000-25650 range over the coming week. The markets are unlikely to develop any directional bias unless they move past the 25650 level or violate the 25000 level. Sector rotation within the market is very much visible; it would be imperative to efficiently rotate sectors and stay invested in those that show improved relative strength and a promising technical setup. We are likely to see improved performance in the Auto, Energy, IT, and broader markets, among other sectors. It is also strongly recommended to protect profits here, where the stocks have run up hard. Any aggressive shorting should be avoided as long as the Nifty stays above the 25000 level. A cautiously positive approach is advised for the coming week.


Sector Analysis for the coming week

In our look at Relative Rotation Graphs®, we compared various sectors against the CNX500 (NIFTY 500 Index), representing over 95% of the free-float market cap of all the listed stocks. 

Relative Rotation Graphs (RRG) show that the Nifty PSU Bank Index and the Midcap 100 Index are the only two groups that are inside the leading quadrant. They are likely to outperform the broader markets relatively.

The Nifty Infrastructure Index is experiencing an improvement in its relative momentum while it remains within the weakening quadrant. Additionally, the PSE, Nifty Bank, and the Financial Services Index are located within the weakening quadrant. While individual stock-specific performance may not be ruled out, the overall relative performance may take a backseat.

The Commodities Index and the Services Sector Index have rolled into the lagging quadrant. The Consumption, Pharma, and the FMCG Indices also continue to languish inside the lagging quadrant. The Metal Index is showing a sharp improvement in its relative momentum against the broader markets, while staying within the lagging quadrant.

The IT, Energy, Media, Realty, and Auto Indices are inside the Improving quadrant. They continue to rotate firmly while improving their relative performance against the broader Nifty 500 Index.


Important Note: RRG charts show the relative strength and momentum of a group of stocks. In the above Chart, they show relative performance against NIFTY500 Index (Broader Markets) and should not be used directly as buy or sell signals.  


Milan Vaishnav, CMT, MSTA

Consulting Technical Analyst

www.EquityResearch.asia | www.ChartWizard.ae

Feeling a little anxious about the market, even with a strong economy? The truth is, money isn’t fleeing the market; it’s simply moving around, creating fresh opportunities. 

In this must-watch video, Tom Bowley of EarningsBeats eases those anxieties by providing charts that show this rotation. Tom shows clear signals of broad market participation, digging into the performance of key areas like transports, tech stocks, regional banks, small caps, and mid caps. He also touches on bonds, major indexes, and individual stocks with intriguing patterns. 

An interesting insight brought up in this video is that this market environment is drastically different from February. We’re seeing much more bullish action now with all areas of the market on the rise. If you’re looking to capitalize on the market’s rally, understanding these rotations is key. 

The video was recorded on July 2, 2025.

This holiday-shortened week was anything but short on action! The S&P 500 and Nasdaq Composite closed at record highs, but what is really driving the market?  

In this essential recap, expert Mary Ellen McGonagle dives into the sectors and stocks making big moves. She’ll reveal why energy and financial stocks are heating up, discuss the surge in biotech and regional banks, and provide key insights into software and renewable energy trends. 

Discover the technical signals behind these moves and learn how you can spot early-stage reversals across different sectors. 

Don’t miss Mary Ellen’s latest insights from July 3, 2025.

You can watch it on our dedicated page for Mary Ellen’s videos.

New videos from Mary Ellen premiere weekly on Fridays. You can view all previously recorded episodes at this link.

If you’re looking for stocks to invest in, be sure to check out the MEM Edge Report! This report gives you detailed information on the top sectors, industries and stocks so you can make informed investment decisions.

In a year when the U.S. consumer has been weighed down by economic uncertainty, geopolitical tensions and inflation, Black entrepreneurs are eager to get to the Essence Festival of Culture to connect with their core customers.

“Essence Fest is like my Black Friday,” said Rochelle Ivory, owner of beauty brand On the Edge Baby Hair. “It is my biggest sales weekend of the year. It’s where I make all the capital I reinvest in my business.”

Essence Fest kicks off on Friday, with roughly 500,000 people attending the event in New Orleans. It generates around $1 billion in economic activity, according to organizers.

“It’s the cannot-miss event for us,” said Brittney Adams, owner of eyewear brand Focus and Frame. She said this year Essence Fest is even more important because she’s seen Black consumers pulling back on spending.

“I would say the uncertainty of just the economic and political climate — that’s giving people a little bit of hesitancy. Should they save the money? Should they buy the things they want?” Adams said.

Ivory said her sales are down roughly 30% year over year, but she’s hopeful people come to New Orleans looking to spend their time and money in the festival marketplace.

“This could make or break some of us,” she said. “It’s one of the few places where Black women, Black founders can really come together and be seen.”

The Global Black Economic Forum aims to bring visibility and create solutions for Black business owners at Essence Fest. This year speakers include Supreme Court Justice Ketanji Brown-Jackson and Maryland Gov. Wes Moore. Last year, then-Vice President Kamala Harris spoke.

“We intentionally curate a space that allows leaders to preserve, build and reimagine how we can collectively increase economic opportunity to thrive,” said Alphonso David, CEO of the GBEF.

While many Black Americans express economic anxiety, the data is less clear.

In the first quarter of this year, according to Federal Reserve data, the median weekly salary for Black workers was $1,192 a 5% increase year over year. Black unemployment stood at 6% in the most recent jobs report, a historically low number, but still higher than the national average of 4.2%.

However, the data doesn’t appear to fully reflect the sentiment for many Black Americans who are concerned about the political, cultural and economic shifts that have taken place since President Donald Trump’s election.

“Never let a good crisis go to waste,” said John Hope Bryant, founder and CEO of Operation Hope, one of the nation’s largest non-profits focused on financial education and empowerment.

Bryant said he sees the concerns of Black Americans as an opportunity in the second half of 2025.

“This president has done something that hasn’t been done since the 1960s, which is unify Black America. Wealth was created in the early 20th century because Blacks were forced to work together. But instead of Black Lives Matter, let’s make Black capitalist matter,” he said.

Pastor Jamal Bryant of New Birth Missionary Baptist Church has galvanized Black consumers with an organized boycott of Target that began in February in response to the retailer’s decision to roll back diversity, equity and inclusion initiatives.

Bryant said he is in discussions with Target but is ready to organize a longer-term boycott if the retailer does not fulfill the promises it made to the Black community after the killing of George Floyd. He is urging Black Americans to use the estimated $2.1 trillion dollars in spending power forecast by 2026 to drive economic and political change.

“I would dare say that ‘pocketbook protests’ are a revolutionary activity,” said Bryant.

“I think we have to be very selective in light of the ‘Big Ugly Bill’ that just passed and how it will adversely affect our community,” he said, referencing Trump’s megabill that passed through Congress this week.

Invest Fest, an event that blends commerce and culture created by financially focused media company Earn Your Leisure kicks off in Atlanta in August.

Co-CEOs Rashad Bilal and Troy Millings said the event will remain focused on financial literacy, but this year they are emphasizing the urgent need for education and entrepreneurship in technology.

“It’s definitely now or never, the time is now,” said Bilal.

“The important thing this year is the way technology is going to disrupt a lot of career paths and the businesses, and we have to prepare for that, which is why AI is at the forefront of the conversation, crypto is at the forefront of the conversations, real estate as always and entrepreneurship,” said Millings.

New this year is a partnership with venture capital firm Open Opportunity and a pitch competition where an entrepreneur can win $125,000 in funding to scale their business.

“We need more businesses that can reach $100 million valuation to a $1 billion valuation, get on the stock market. The pathway to that 9 times out of 10 is technology,” Bilal said.

The National Black MBA Association Conference in Houston in September will have a similar tone. The event is known for its career fair where the nation’s largest companies recruit as well as for networking and vibrant social activities.

This year, interim CEO Orlando Ashford is working to establish artificial intelligence education and financial literacy as pillars of the event.

“Doing business as usual is not an option,” Ashford told CNBC. “AI is something I literally refer to as a tsunami of change that’s on its way. All of us will be forced to pivot in some ways as it relates to AI. Those of us that are out in front, that embrace it and leverage it actually can turn it into a tremendous and powerful opportunity. Those that wait and ignore it will be overtaken by the wave.”

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