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Two pro-life activists were sentenced to several years in prison Tuesday on charges of conspiracy against rights and violating the Freedom of Access to Clinic Entrances Act (FACE Act) stemming from a 2020 ‘rescue action’ at a Washington, D.C.-based abortion clinic. 

Lauren Handy, 30, was sentenced to four years and nine months in prison for organizing the protest, while co-defendant John Hinshaw, 69, was sentenced to a year and nine months. Handy and Hinslaw, along with seven others convicted on the same charges, blocked access to the Washington Surgi-Clinic on Oct. 22, 2020 while chaining themselves to furniture inside the clinic, according to the indictment.

The hourslong protest was livestreamed on one of the protester’s Facebook accounts.

‘Our ‘crime’ was ‘attempting to stop the slaughter of late-term babies in the Santangelo abortion mill in Washington, D.C.,” Hinslaw said in a statement obtained by Fox News Digital. ‘Additionally, the importance of these sentences cannot be overstated, since never before has ‘peaceful civil disobedience’ faced such legal violence as our federal law enforcement is now practicing!’

During the jury trial last year, Handy and another co-defendant, Herb Geraghty, referenced pro-life organization Live Action’s ‘Inhuman: Undercover in America’s Late-Term Abortion Industry’ video as influencing their decision to participate in the blockade.

One part of the video, released a decade ago, shows Santangelo telling an undercover woman if she went into labor and delivered before the ‘termination part of the procedure’ was carried out, ‘then we would not help it.’

Following the indictment, remains of apparently aborted unborn babies were found in Handy’s Washington home, prosecutors said. 

According to the October 2022 indictment, using a fabricated identity, Handy secured an appointment at the clinic, and as a clinic staff member opened the door, pro-life activists emerged from the building’s emergency stairwell and invaded the facility. The incident resulted in an altercation that led to a clinic employee being hospitalized for an ankle injury, prosecutors said.

Prosecutors argued the pro-life activists violated the 1994 FACE Act, a federal law that prohibits physical force, threats of force, or intentionally damaging property to prevent someone from obtaining or providing abortion services. 

Defense lawyers asked for a prison sentence of one year for Handy, who has been jailed since her August 2023 conviction. 

When Judge Colleen Kollar-Kotelly read the ‘shocking’ sentence, it was ‘a bit surreal,’ said Steve Crampton, senior counsel at the Thomas Moore Society in a Fox News Digital interview Wednesday.

‘This is not the America I know,’ said Crampton, who represented Handy in the case. ‘Not only did the judge read out this really harsh sentence, but she had the audacity to lecture Lauren Handy about her lack of compassion for the women who were going in to kill their children.’

Crampton compared the pro-life activists’ demonstration to that of the current anti-Israel demonstrations that have been occurring on college campuses for weeks.

‘The contrast here with the Pro-Palestine folks shutting down the colleges and even preventing graduation ceremonies, and blocking entire highways and interstates in addition to the ongoing attacks… yet there are virtually no ongoing investigations. I think there’s kind of a palpable sense of selective prosecution elements that can’t be ignored here.’

The judge told Handy that she was being punished for her actions, not her beliefs.

‘The law does not protect violent nor obstructive conduct, nor should it,’ Kollar-Kotelly said.

Prosecutors recommended a prison sentence of roughly six years for Handy. They described her as an anti-abortion extremist who was a ‘criminal mastermind’ behind the Washington invasion and similar attacks on other clinics.

‘Her strongly held anti-abortion beliefs led her to devise a plan to block access to the Surgi-clinic,’ prosecutors wrote. ‘The blockade, which was broadcast to Handy’s legion of followers, encouraged others to commit similar crimes, publicized her own offense, and traumatized the victims.’

The Associated Press contributed to this report.

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Israeli leaders claim photos and video show Hamas terrorists inside the United Nations Relief & Works Agency.

The Israeli Defense Force (IDF) released on Tuesday drone footage and photos captured above the UNRWA compound in the Gaza city of Rafah.

‘Today, we revealed unusual footage of armed terrorists next to UN vehicles, which we located a few days ago, and shooting inside an UNRWA compound in eastern Rafah,’ IDF Spokesperson Rear Admiral Daniel Hagari said Tuesday evening.

He went on to say that the IDF had contacted UNRWA leadership about the incident and urged an investigation.

‘We forwarded the findings to senior members of the international community, and called on the UN to urgently investigate the connection between UNRWA’s logistics centers to Hamas operatives by their vehicles,’ Hagari said.

Fox News Digital was not able to confirm the identity or affiliation of three individuals marked by the IDF in its release.

Footage shows the three individuals carrying firearms and interacting with individuals driving United Nations-branded vehicles inside the compound.

Another piece of footage shows a group of individuals bursting out of the entrance of the compound and firing at people the IDF claims were civilians.

‘Following the event of which terrorists were seen armed inside an UNRWA logistics compound in eastern Rafah, we conveyed the findings to senior officials in the international community and called on the UN to conduct an urgent investigation into the matter,’ Coordination of Government Activities in the Territories (COGAT) wrote in a release on social media. COGAT is an agency within the Israeli Ministry of Defense.

Fox News Digital reached out to the United Nations Relief & Works Agency for comment but did not receive a response.

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Speaker Mike Johnson, R-La., floated the possibility of defunding the U.S. Office of Special Counsel on Wednesday, the day after he pledged to ‘rein in’ Special Counsel Jack Smith’s investigation into former President Trump.

‘There’s a lot of different ideas. People are alarmed that the special counsel, in that capacity, has been abused in recent years,’ Johnson said in answer to a Fox News Digital question at his weekly press conference. ‘How does Congress correct that error and ensure that a special counsel is not abusing their authority? You know, we have oversight, of course, we also have the power of the purse.’

Johnson became the highest ranking congressional lawmaker to support Trump in person Tuesday at the Manhattan courthouse, where the former president is facing a criminal trial related to accusations that he falsified business documents to cover up hush money payments to adult film star Stormy Daniels ahead of the 2016 election. 

That trial is unrelated to Smith’s probes into Trump in connection with the 2020 election and his handling of classified documents, but Johnson lambasted those investigations as well in comments to reporters after his court attendance.

He pledged on Tuesday, ‘I’m working with Chairman [Jim] Jordan of the House Judiciary Committee and Chairman [James] Comer of our Oversight Committee on measures to rein in the abuses of Special Counsel Jack Smith.’

Asked by Fox News Digital on Wednesday what that looked like, Johnson said, ‘There’s a lot of different ideas being discussed now on what that would look like. Do you defund the entire Special Counsel’s Office?’

‘What most people don’t realize is that is not funded in the regular appropriations process. It’s a separate, distinct account, and it’s effectively…funded autopilot,’ Johnson said.

He said House Republicans would continue ‘actively discussing’ various avenues to hold Smith accountable ‘even today.’

It’s not the first time Johnson has criticized Smith’s investigations or dismissed them as political operations. 

But his comments on Wednesday came after he poured cold water on calls to take Smith’s funding away in a Politico interview last week.

‘That’s not something you wave a wand and just eliminate the special counsel as a provision,’ Johnson told the outlet. ‘There is a necessity for a function like that, because sometimes the Department of Justice – which is an executive branch agency – can’t necessarily, without a conflict of interest, investigate or prosecute the president who’s their boss, or the president’s family.’

When reached for comment on the different statements, Johnson’s office referred Fox News Digital back to the speaker’s comments in the press conference and to a recent X post when he pledged to ‘rein in’ Smith.

Fox News Digital also reached out to the Justice Department for comment.

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Democrat turned independent presidential candidate Robert F. Kennedy, Jr. charges that President Biden and former President Trump ‘are trying to exclude me from their debate because they are afraid I would win.’

Kennedy fired back in a social media posting hours after the Democratic president and his Republican predecessor in the White House agreed to face off in showdowns in June and early September. 

A debate proposal from Biden that triggered the cascade of developments on Wednesday morning stated that ‘the debates should be one-on-one, allowing voters to compare the only two candidates with any statistical chance of prevailing in the Electoral College.’

Kennedy argued that ‘Presidents Trump and Biden are colluding to lock America into a head-to-head match-up that 70% say they do not want,’ as he referred to numerous national polls indicating many voters are far from thrilled with the 2024 election rematch between the 81-year-old president and his 77-year-old predecessor.

‘These are the two most unpopular candidates in living memory. By excluding me from the stage, Presidents Biden and Trump seek to avoid discussion of their eight years of mutual failure including deficits, wars, lockdowns, chronic disease, and inflation,’ claimed Kennedy, the longtime environmental activist and high-profile vaccine skeptic, who is the scion of the nation’s most storied political dynasty.

And he emphasized that ‘keeping viable candidates off the debate stage undermines democracy. Forty-three percent of Americans identify as independents. If Americans are ever going to escape the hammerlock of the two-party system, now is the time to do it.’

The Biden campaign and the Democratic National Committee have repeatedly slammed Kennedy as a potential spoiler whose supporters could hand Trump a presidential election victory in November.

Plenty of pundits and pollsters are making the case that Kennedy also could pose a similar problem for Trump, the presumptive Republican presidential nominee. And as Kennedy has increased his appearances on conservative media the past couple of months, the former president and his campaign have increasingly characterized Kennedy, whose populism on some issues seems similar to Trump’s, as a far-left politician.

At a campaign event in New York City two weeks ago, Kennedy disputed the repeated claims that he’s a spoiler.

And he once again argued that he, rather than Biden, is the only candidate who can defeat Trump in November – and showcased a new internal poll conducted by his campaign to make his point – as he announced an unusual ‘no-spoiler pledge.’

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Former President Trump accepted President Biden’s offer to debate him on television in June and September. 

After Trump said he was in, Biden said in a post on X that he ‘received and accepted an invitation’ from CNN for a debate on June 27. 

‘Over to you, Donald. As you said: anywhere, any time, any place,’ Biden wrote. 

When asked for comment, Trump told Fox News Digital that he will accept and ‘will be there.’ The Republican added that he is ‘looking forward to being in beautiful Atlanta.’

The proposal was initially outlined by the Biden-Harris campaign in a letter to the bipartisan Commission on Presidential Debates on Wednesday morning. It abandoned the decades-old tradition of three fall meetings organized by the debate commission. Trump afterward told Fox News Digital that he’d accept the timeline proposed by the incumbent Democrat. 

‘Crooked Joe Biden is the worst debater I have ever faced – he can’t put two sentences together,’ Trump told Fox News Digital. ‘Crooked is also the worst president in the history of the United States, by far.’ 

Trump told Fox News Digital that ‘it is time for a debate to take place – even if it has to be held through the offices of the Commission on Presidential Debates, which are totally controlled by Democrats and who, as people remember, got caught cheating with me with debate sound levels.’

‘I’m ready to go,’ Trump said. ‘The dates that they proposed are fine. Anywhere. Anytime. Any place. Let’s see if Joe can make it to the stand-up podium.’

 

‘The proposed June and early September dates are fully acceptable to me,’ Trump told Fox News Digital. ‘I will provide my own transportation.’

In a letter obtained by Fox News Digital, the Biden-Harris campaign proposed that the first debate be in late June, after Trump’s New York criminal trial is likely to be over and after Biden returns from meeting with world leaders at the G-7 Summit. A second presidential debate would occur in September prior to the beginning of early voting. The campaign proposed a vice presidential debate to occur in late July after the Republicans nominate their vice presidential candidate.

The Biden-Harris campaign asked that the debates occur inside a TV studio, with microphones that automatically cut off when a speaker’s time limit elapses. The letter also asked that the debates involve just the two candidates and the moderator — without ‘an in-person audience with raucous or disruptive partisans and donors’ that Trump feeds on. 

They also want the debates without the participation of Robert F. Kennedy, Jr. or other independent or third-party candidates. 

‘Donald Trump lost two debates to me in 2020. Since then, he hasn’t shown up for a debate. Now he’s acting like he wants to debate me again. Well, make my day, pal,’ Biden said in a video message shared earlier Wednesday morning. ‘I’ll even do it twice. So let’s pick the dates, Donald. I hear you’re free on Wednesdays.’ 

Echoing his sentiments expressed to Fox News Digital, Trump also took to Truth Social in a post Wednesday. 

‘It’s time for a debate so that he can explain to the American People his highly destructive Open Border Policy, new and ridiculous EV Mandates, the allowance of Crushing Inflation, High Taxes, and his really WEAK Foreign Policy, which is allowing the World to ‘Catch on Fire.’ I am Ready and Willing to Debate Crooked Joe at the two proposed times in June and September,’ Trump posted. ‘I would strongly recommend more than two debates and, for excitement purposes, a very large venue, although Biden is supposedly afraid of crowds – That’s only because he doesn’t get them. Just tell me when, I’ll be there. ‘Let’s get ready to Rumble!!!’’ 

Trump on Saturday appeared before a crowd of tens of thousands on the Jersey Shore in the deep-blue state. The campaign event was held in between Trump’s appearances in Manhattan Criminal Court. 

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The bull market hasn’t gone anywhere. Despite of worrying about the possibility of a correction and a long wait for movement in either direction, the stock market has finally showed its prowess.

The Dow Jones Industrial Average ($INDU) is within reach of 40K, the S&P 500 ($SPX) could reach 5,500, and the Nasdaq Composite ($COMPQ) could hit 20K. It may look like a stretch for the Nasdaq, but, with how the index has moved, why rule out the possibility? Today’s stock market action showed the return of bullish sentiment.

Investor Confidence Returns

It wasn’t too long ago when investors were worried the stock market might correct a lot more than it did. That was followed by a period of lethargic stock market action. Now that the market got the inflation data it was waiting for and liked what it heard, the equity market moved higher during the trading day, closing at or close to its highs of the day.

The Dow, S&P 500, and Nasdaq Composite hit record closes. There was a lot of excitement in the stock market today. Investors are not worried about interest rates or if the market is overbought; you can sense investor confidence in this market.

The CBOE Volatility Index ($VIX) closed at 12.44, indicating that investors are complacent. With broader indexes closing at new highs, low volatility, and all 11 S&P sectors closing in the green (Consumer Staples, just barely), you’ve got a perfect recipe for a strong market that can continue moving higher.

Wednesday’s CPI came in a little cooler than expected, which was encouraging for investors. Treasury yields fell on the news, and stocks, bonds, Bitcoin, and precious metals rose. Optimism should be the word of the day.

Click here for live chart.

The daily chart of the iShares 20+ Year Treasury Bond ETF (TLT) below shows the ETF hitting a key resistance level. If it breaks through it, bonds could move higher with equities. It’s an unusual correlation, but there were a lot of surprises today (more on that below).

CHART 1. DAILY CHART OF ISHARES 20+ YEAR TREASURY BOND ETF (TLT). Bond prices rose and are now testing a key resistance level. If price breaks through the resistance of its downward-sloping trendline, bond bulls will be in the spotlight.Chart source: StockCharts.com. For educational purposes.

The equity markets are technically strong. Given that they’ve hit new highs, you will have to look for slowing momentum for signs of a trend reversal.

Click here for live chart.

The Linear Regression Forecast (LRF) indicator, overlaid on the chart of the S&P 500 (see below), indicates that the S&P 500 is trending higher. The S&P 500 closed above the LRF line, well above its 50-day simple moving average.

CHART 2. DAILY CHART OF THE S&P 500 INDEX ($SPX). Technically, the S&P 500 looks strong. It’s trending higher, is above its LRF line, and well above its 50-day moving average.Chart source: StockChartsACP. For educational purposes.

As long as this scenario holds, expect the S&P 500 to continue moving higher.

Click here for live chart. 

Another area that’s looking strong is precious metals. Gold is on its way to reaching its all-time high, as you can see from the SPDR Gold Shares ETF (GLD) below.

CHART 3. GOLD CONTINUES TO SPARKLE. Gold prices are close to their all-time highs. If price breaks above the previous highs, it could move higher along with equities. Chart source: StockChartsACP. For educational purposes.

Gold could break through previous highs and continue to move higher. It’s unusual to see a correlation between gold and equities, but, as long as the trend is higher, you may as well take advantage of the move.

Click here for live chart.

Moreso than gold, silver is looking interesting. You’ll have to look at a longer-term chart of silver to see that it’s testing its 2020 and 2021 highs. If it manages to push through this level, it could reach its 2011 high (see chart below). It’s something to watch and consider adding to your portfolio.

CHART 4. SILVER SOARS. Silver is retesting its previous highs. Will it break through and reach its 2011 high?Chart source: StockChartsACP. For educational purposes.

The Takeaway

Overall, it looks like the waiting paid off. The inflation data injected optimism into the market and sent equities, bonds, precious metals, and Bitcoin higher. The bull market is still here; investors are confident about the stock market, and optimism remains positive.

Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional.

On this week’s edition of Stock Talk with Joe Rabil, Joe explains how to use one SMA to pinpoint great entries in pullback plays, demonstrating how it can develop in slightly different ways. He shows 3 different types of setups in the price action and its relationship to the MA line. Joe then covers the stock requests that came through this week, including MSFT, TSLA, and more.

This video was originally published on May 15, 2024. Click this link to watch on StockCharts TV.

Archived episodes of the show are available at this link. Send symbol requests to stocktalk@stockcharts.com; you can also submit a request in the comments section below the video on YouTube. Symbol Requests can be sent in throughout the week prior to the next show.

In this exclusive interview, StockCharts’ David Keller, CMT, sits down with Jessica Inskip, Director of Education and Product at OptionsPlay. Jessica shares an informative overview of the Cash-Secured Put Strategy, and explains how it can be used to maximize yield while reducing risk within your portfolio. Using the new options chain tools on StockCharts.com, Jessica then demonstrates how to easily find optimal cash-covered puts for securities.

This video originally premiered on July 25, 2023. Follow this blog for more insights from Jessica and the OptionsPlay team, coming soon! More OptionsPlay videos are available here.

The Dow Jones Industrial Average slipped on Monday, snapping an eight-day winning streak, as traders grappled with rising inflation expectations ahead of key reports due later in the week.

The 30-stock Dow fell 81.33 points, or 0.21%, to close at 39,431.51. The S&P 500 inched lower by 0.02%, ending at 5,221.42. The Nasdaq Composite added 0.29%, closing at 16,388.24.

A New York Federal Reserve survey showed consumers last month raised their expectations for price increases in both the near and long term. On a one-year basis, inflation expectations rose to 3.3%. Their five-year outlook ticked up to 2.8%.

Stocks gave back earlier gains after the survey results were issued. The numbers also come ahead of two key economic data releases.

The consumer price index report is slated for Wednesday. Economists expect an April increase of 0.4% month over month and 3.4% year over year, according to Dow Jones. The producer price index, due out Tuesday, is expected to have risen 0.3% last month.

Shares of meme stock GameStop soared 74% after “Roaring Kitty,” the moniker of the Reddit trader behind 2021′s short squeeze, posted online for the first time in three years.

The 30-stock Dow is coming off its best weekly performance of 2024, rising more than 2% last week. The S&P 500 and Nasdaq climbed more than 1% each during that period.

The major averages have clawed back to within reach of their record levels set in March following a brief pullback. The Dow, S&P 500 and Nasdaq are all within 1% of their closing highs.

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When it comes to spending money in retirement, there’s one rule of thumb — the 4% rule — that has persisted for decades.

The 4% withdrawal rule calls for retirees to withdraw that portion from their investment portfolio in the first year of retirement. In each subsequent year, the amount of those withdrawals is adjusted for inflation.

Financial planner William Bengen first identified the 4% rate as a sweet spot for safe withdrawals in 1994.

Since then, the world — and retirement — has changed.

Yet 61% of financial advisors are still using the 4% withdrawal rule, according to research from David Blanchett, managing director and head of retirement research at PGIM DC Solutions.

Now, researchers are looking at the most effective ways to integrate the 4% rule with today’s portfolios.

Many baby boomers face a challenge of how to maintain their lifestyle once they retire.

Social Security benefits typically replace about 40% of a worker’s pre-retirement income.

Annuities may help provide another source of guaranteed income. However, many people do not seek those products when they retire, due to their complexity and difficulty selecting among the various products.

TIAA has launched a new metric to show why the 4% rule combined with an annuity can provide a higher amount of income than just using the 4% rule alone. (TIAA’s analysis is based on the use of one of its own fixed annuities that provides a guaranteed rate of return.)

For example, if a retiree has $1 million in total savings, the 4% rule would provide them with $40,000 in their first year of retirement.

However, if the same retiree instead converts $333,000 of their $1 million balance to an annuity, that may boost that income to $52,667, according to TIAA. That is based on the combined income of the annuity and a 4% withdrawal on the remaining $666,667 portfolio.

The first-year withdrawal of the annuity strategy — $52,667 versus $40,000 — is 32% higher and $1,056 more per month than just using the 4% rule.

“Retirees never know how much they’re allowed to spend,” said Benjamin Goodman, vice president at TIAA Institute.

“And with an annuity, you know exactly what you can spend, the check, because you’re going to get another one next month,” he said.

One reason more investors do not buy annuities may have to do with their financial advisors.

“It’s rare that we recommend them, but they are applicable in some circumstances,” said Colin Gerrety, a certified financial planner and client advisor at Glassman Wealth Services in Tysons Corner, Virginia.

To be sure, annuities are not a fit for all investors, particularly those who have poor health habits or conditions that may prevent them from living long lives, Goodman said.

But because of the income certainty annuities can provide, they may catch on, Blanchett predicts.

“I think that we’re going to see more and more advisors realize that you cannot create the same kind of outcomes and certainty by managing a portfolio as you can having a retiree allocate their savings to a product that provides lifetime income,” Blanchett said.

Retirees may also get guaranteed income from Treasury Inflation Protection Securities, or TIPS, according to Morningstar. Specifically, a TIPS ladder of bonds with varying maturity dates can provide steady income and inflation protection.

The 4% rule has its blind spots when applied to today’s retirees, according to recent research from Blanchett.

In addition to ignoring other income streams like Social Security, the 4% model also falls short in that it does not provide a lot of spending flexibility.

Retirees who are depending on their savings to fund essential expenses would want to have a conservative approach.

However, those who have can withstand more market fluctuations may have more flexibility with withdrawal rates.

For those retirees, the 4% rule likely will provide an outdated recommendation.

“It’s going to be too low for most people who are retiring at a reasonable age,” Blanchett said.

While the 4% rule may be useful to gauge how much savings an investor needs when they first enter retirement, it’s not meant to be an ongoing distribution framework, he said. 

The 4% rule is difficult to apply to every single person across the board, particularly as they are subject to different tax rates and have different risk profiles and cash flow needs, Gerrety said.

“Very rarely have I ever seen a client who just withdraws 4% of their portfolio every year, and calls it a day,” Gerrety said. “Things tend to be a lot lumpier and a lot messier than that.”

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