Author

admin

Browsing

According to market intelligence firm Newzoo, global gaming revenue came in at US$177.9 billion in 2024, with mobile gaming accounting for more than half of that amount at US$97.6 billion.

The firm states that the mobile gaming market has reached maturity but still achieved higher growth than the console and PC segments, with revenue up by 2.8 percent globally last year. The regions driving that growth are North America and Europe, where markets rebounded due to big releases and diversified revenue streams.

Mobile games are typically accessed through three core operating systems: Apple’s (NASDAQ:AAPL) iOS, Microsoft’s (NASDAQ:MSFT) Windows and Alphabet’s (NASDAQ:GOOGL) Android. Notably, the iOS App Store generated nearly 37 percent of its revenue from mobile gaming apps in 2024, totaling US$3.83 billion. However, figures show that most mobile games on the market today are developed for Android, representing 75 percent of total mobile game downloads.

For investors interested in getting exposure to mobile gaming as the market gains momentum, here’s a look at the top 10 mobile gaming stocks by market cap. All data and figures were accurate as of June 2, 2025.

1. Roblox (NYSE:RBLX)

Market cap: US$60.97 billion

Roblox is the company behind the well-known game platform of the same name. First launched on PC in 2006, in recent years Roblox has become the most popular free-to-play online gaming platform, particularly amongst children and teenagers.

The company draws a majority of its revenues by selling virtual currency known as Robux for in-app purchases.

According to the company’s Q1 2025 report, Roblox garnered over 97.8 million daily active users in the first quarter of 2025, up 26 percent from the same period last year. The platform’s most popular games are role-playing games Brookhaven and Blox Fruits.

2. Take-Two Interactive Software (NASDAQ:TTWO)

Market cap: US$40.15 billion

New York-headquartered Take-Two Interactive Software is a holding company that owns several significant gaming labels that develop and publish video games for Xbox, PlayStation and Nintendo consoles as well as PCs and mobile devices. Some of Take-Two’s most popular game series are widely recognized around the world, including Grand Theft Auto (GTA), Red Dead Redemption and Borderlands.

The majority of Take-Two’s mobile games are published by Zynga, a developer of free-to-play games that Take-Two acquired in 2022 for US$12.7 billion. The publisher’s properties include 2009 hits FarmVille and Words with Friends.

Last year, Zynga’s highest grossing game according to Statista was Empires & Puzzles: Dragon Dawn with approximately US$147 million in revenue, and its most-downloaded title was CSR 2 Realistic Drag Racing.

While Rockstar is largely focused on console and PC games, several of its older games were ported to mobile, such as the classic GTA III, GTA San Andreas and GTA The Trilogy Definitive Edition.

3. Electronic Arts (NASDAQ:EA)

Market cap: US$36.6 billion

Electronic Arts (EA) is a leading gaming and esports company with video game offerings across many genres, from sports to action/adventure to role playing to family games. The California-headquartered company owns many well known series, including the Sims, Madden NFL, FIFA, Battlefield, Need for Speed, Dragon Age and Plants vs. Zombies.

EA has increased its focus on the mobile gaming segment in recent years, and in early 2024 announced it would focus on its fully owned mobile games portfolio instead of its licensed games with other brands. Leading up to that, the company merged its mobile and HD franchise teams across EA Sports FC, Madden NFL and The Sims.

In March 2025, EA announced a partnership with games marketing company Flexion, who will help EA publish its mobile games on the Amazon Appstore, Samsung Galaxy Store, Xiaomi’s GetApps and ONE Store.

4. Tencent Holdings (OTC Pink:TCEHY,HKEX:0700)

Market cap: US$25.78 billion

Tencent Holdings is a Chinese conglomerate with significant holdings through a wide array of sectors. Its large gaming segment built through acquisitions and investments has made it the world’s largest gaming company by revenue.

Tencent owns Riot Games, maker of the popular PC game League of Legends, a multiplayer online battle arena game with a monthly active player base of between 117 million to 135 million. The expanding League of Legends franchise also features three mobile games: Wild Rift, Team Fight Tactics and Legends of Runeterra.

The company also released PUBG Mobile based on the PC game PlayerUnknown’s Battlegrounds. The multiplayer battle royale game is available on Android and iOS.

Tencent is now focusing on building up its in-house AAA and console gaming business segment in order to better compete with western gaming companies.

5. Unity Software (NYSE:U)

Market cap: US$10.91 billion

San Francisco-based Unity Software develops the core software technology or building video games and interactive experiences. It offers developers a suite of tools for designing and launching 2D and 3D games as well as virtual and augmented reality applications. This includes the ability to create and host large-scale, multi-player games.

Two of the most popular mobile games built on the Unity Software engine are the online multiplayer social deduction game Among Us, developed by game studio Innersloth, and augmented-reality mobile game Pokémon Go, developed and published by Niantic in collaboration with Nintendo Co. (LSE:0K85,TSE:7974) and The Pokémon Company.

Although in its Q1 2025 financials, Unity saw its grow revenue and create revenue drop by 4 percent and 8 percent, respectively, year-over-year, its financial performance still included exceeding the high-end of its revenue guidance by 5 percent, and its adjusted EBITDA by 29 percent.

6. Playtika (NASDAQ:PLTK)

Market cap: US$1.79 billion

Headquartered in Israel, Playtika Holdings claims to be among the first mobile gaming entertainment companies to offer free-to-play social games on social networks and on mobile platforms. Today, Playtika has a diverse portfolio of game titles accessed by more than 29 million monthly active users last year.

Playtika has built its mobile entertainment platform through eleven strategic acquisitions totaling US$337 million aimed at increasing its breadth of entertainment genres and leveraging its Boost platform to enhance game operations. Playtika’s most recent acquisition was mobile gaming company SuperPlay, which it picked up for US$700 million in late 2024.

In its first quarter of 2025, the company reported a record quarterly revenue of more than US$700 million. This is up 8.4 percent over the same period in the previous year.

7. Corsair Gaming (NASDAQ:CRSR)

Market cap: US$951.33 million

Corsair Gaming is a global powerhouse in the development and manufacturer of high-performance gamer gear, including keyboards, mice, game controllers and headsets.

While the company primarily targets PC gamers, Corsair has moved into the mobile games market in recent years with the launch of its SCUF Nomad, a compact Bluetooth controller designed for competitive gamers with iPhones. The controller expands to fit the user’s phone in the center and work with any games that offer controller support.

8. Inspired Entertainment (NASDAQ:INSE)

Market cap: US$208.84 million

Inspired Entertainment is a gaming technology company that offers content, tech, hardware and services both offline and online gaming, betting and social gaming platforms. This includes digital games across more than 170 websites.

Last year, the company launched a number of online and mobile slot games, including Gold Cash Free Spins and Big Piggy Bank. In January 2025, Inspired announced the release of its online and mobile slot games into the regulated Brazilian market.

9. PLAYSTUDIOS (NASDAQ:MYPS)

Market cap: US$186.86 million

PLAYSTUDIOS develops free-to-play mobile games for its brand partners in the travel, leisure and entertainment sectors. Through its playAWARDS platform, mobile gamers can earn brand offerings as in-game rewards. The platform has a player network of more than 4.2 million gamers and 737 award partners, including brands such as Royal Caribbean International, MGM Grand and Cirque de Soleil.

The company will be offering its social casino games players an opportunity to win trips to the Atlantis Paradise Island resort in the Bahamas, and seats in the second annual US$1 million myVIP World Tournament of Slots, which will take place at the resort in October 2025.

PLAYSTUDIOS’ full year 2025 guidance for net revenue is US$250 million to US$270 million.

10. MotorSport Games (NASDAQ:MSGM)

Market cap: US$16.24 million

Florida-based Motorsport Games develops and publishes motorsport games, and organizes esports racing competitions and content.

It is officially licensed to develop and publish video games for the FIA World Endurance Championship and the 24 Hours of Le Mans. Motorsport Games’ rFactor 2 is an official racing simulation platform of Formula E, and it powers the F1 Arcade venue chain via a partnership with Kindred Concepts.

In April 2025, Motorsport announced a strategic investment of US$2.5 million led by virtual reality hardware company Pimax Innovation. The two companies plan to combine their offerings to create immersive VR racing sims.

Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

The Trump administration is fast tracking development of Dateline Resources’ (ASX:DTR,OTC Pink:DTREF) Colosseum rare earths project in California as part of its push to boost domestic critical minerals supply.

In a recent interview, Secretary of the Interior Doug Burgum highlighted the project as a priority under the government’s critical minerals strategy, stating that the US has ‘to get back in the game in a serious way around critical minerals.”

For his part, US President Donald Trump has called the project ‘America’s second rare earths mine.” He first announced Colosseum’s approval in an April 21 Truth Social post, listing it as a weekly achievement.

The Colosseum project sits in the Walker Lane Trend in East San Bernardino County, California, only 10 kilometers north of MP Materials’ (NYSE:MP) Mountain Pass mine, the only operating rare earths mine in the US.

Mountain Pass is also the highest-grade rare earths mine in the world.

According to Burgum, the endorsement from the government stems from the US’ push to restart domestic rare earths production and reduce dependence on other countries such as China.

Currently, China remains the biggest rare earths producer by far, producing 270,000 metric tons in 2024. That’s about 70 percent of the total production for the year, which was recorded at 390,000 metric tons.

The ongoing trade war has created tensions between the US and China, raising questions about supply chain security.

Some relief was seen last week — the BBC reported that China has agreed to supply US companies with magnets and rare earths as part of Trump’s deal with Xi Jinping, president of China. In return, the US said it will walk back its threats to revoke the visas of Chinese nationals at US colleges and universities.

Trump addressed the arrangement via a June 11 Truth Social update, stating that he has “always been good” with including Chinese students in colleges and universities.

Dateline has a green light to explore and extract rare earths from Colosseum, as well as gold.

“We have seen growing interest out of the US, particularly after recent milestones at Colosseum,” the Sydney Morning Herald quotes Dateline Managing Director Stephen Baghdadi as saying.

Dateline said in May that it had started the process to uplist to the OTCQB. Should the OTCQB listing go through, the company will still continue to meet its ASX disclosure requirements.

The same month, the company said it had begun preparations for a rare earths-focused drill program at Colosseum, and would complete it alongside a planned gold feasibility study for the site.

Securities Disclosure: I, Gabrielle de la Cruz, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

Russian overnight drone and missile attacks on Kyiv killed 14 people, officials said on Tuesday, in the deadliest strikes on the capital in weeks.

More than 55 people were wounded in the city, according to Kyiv Mayor Vitaliy Klitschko, making it one of the deadliest nights for its residents in weeks.

Kyiv residents heard loud sirens from late Monday, through the early morning hours of Tuesday, making it a loud and sleepless night for many in the city. The sirens continued as day broke Tuesday – an alarm purportedly for a ballistic threat, according to the Ukrainian Air Force.

Of those wounded, more than 40 have been taken to hospitals, Klitschko said, with residential buildings and other infrastructure severely damaged.

“We hope that no dead will be found under the rubble, but we cannot rule it out,” Klitschko added. “The death toll may increase.”

“During the attack on Kyiv in the Solomyanskyi district, a 62-year-old US citizen died in a house opposite to the one where medics were providing assistance to the victims,” Kyiv mayor Vitali Klitschko said in a message on Telegram, without giving details.

Paramedics and police were seen working to rescue people wounded in a building that appears partially collapsed, according to video posted by the State Emergency Service of Ukraine.

Smoke could be seen rising from the site and debris was strewn all over the ground. Vehicles in front of the building were charred and destroyed.

Some 27 locations in different districts came under fire, according to a statement from Ukraine’s Minister of Internal Affairs, Ihor Klymenko.

“Rescuers, police and medics are working. They are doing everything they can to help the victims, clear the rubble and save lives,” he said.

The strikes come as Trump announced he would return to Washington a day early from the Group of 7 summit in Canada.

His early departure means he will miss a key meeting with Ukraine President Volodymyr Zelensky on the sidelines of the event.

It would have been the leaders’ third meeting since Trump took office in January.

Ukrainian officials had been hoping that a positive interaction with Trump could advance Kyiv’s case as Russia has ramped up its airborne attacks in recent weeks.

Meanwhile, Russian Security Council Secretary Sergey Shoigu arrived in Pyongyang on a “special mission” from Russian leader Vladimir Putin, according to Russian state news agency TASS.

Shoigu is scheduled to meet North Korean leader Kim Jong Un, Tass reported Tuesday.

Pyongyang has continued support for Moscow’s war on Ukraine as world leaders push for an end to the three-year conflict.

North Korea has sent soldiers and millions of munitions, including missiles and rockets, to Russia over the past year, according to a May report by an international watchdog, the Multilateral Sanctions Monitoring Team.

The US has warned that Russia may be close to sharing advanced space and satellite technology with North Korea in exchange for continued support for the war in Ukraine.

In April, Russia launched its deadliest wave of attacks on Kyiv in nine months, sending 70 missiles and 145 drones toward Ukraine, mainly targeting the capital city, killing at least 12 people and injuring 90 more.

Under Trump, the US has been less willing to equip badly outgunned Ukraine directly, has pushed European partners to pick up more of the support and threatened to walk away altogether from peace talks.

This post appeared first on cnn.com

Five tunnels burrowing into a group of mountains, a large support structure and a wide security perimeter: That’s all you can see of Iran’s mysterious Fordow Fuel Enrichment Plant from recent satellite imagery.

The secretive, heavily guarded complex built close to the holy city of Qom has been fueling speculation about its true nature and size since it was first made public in 2009.

A chunk of what we do know about it comes from a trove of Iranian documents stolen years ago by Israeli intelligence.

Its main halls are an estimated 80 to 90 meters (around 262 to 295 feet) beneath the ground – safe from any aerial bomb known to be possessed by Israel, making destroying the facility from the air a near-impossible task.

As Iran’s leadership reels from a series of devastating Israeli strikes, some analysts say that it is at Fordow that Iran may rush to convert enriched uranium stockpiles into a nuclear bomb.

Israel has targeted the facility in recent days but, according to the International Atomic Energy Agency (IAEA), so far it has either been unwilling – or unable – to damage it.

Tehran has long maintained the objectives of its nuclear program are peaceful, but Fordow has been at the heart of concern over Iran’s ambitions.

“The size and configuration of this facility is inconsistent with a peaceful program,” then US President Barack Obama said in 2009 as he, along with then French President Nicolas Sarkozy and British Prime Minister Gordon Brown revealed the existence of Fordow to the world.

Just days before the announcement, the Iranians, apparently knowing Western agencies had learned about the facility, told the IAEA of their desire to build a new fuel enrichment facility. By that point construction at Fordow had been underway for years.

Tehran pushed back against the accusations, but condemnation even from ally Russia and concerns from China left it with little room to maneuver.

Construction started in the early 2000s

The US and its allies have not provided much detail on when the construction of Fordow started, but publicly available historical satellite imagery shows work at the site as far back as 2004, with photographs revealing two white square structures where the tunnel entrances are located today. The IAEA says it has additional imagery showing construction as far back as 2002.

“Fordow is actually a project that started during what we call the crash nuclear weapons program of the early 2000s,” said David Albright, head of the Washington, DC-based Institute for Science and International Security (ISIS), a nonpartisan institution dedicated to stopping the spread of nuclear weapons. “The idea was they (the Iranians) would make weapon-grade uranium in that plant, and they would obtain low-enriched uranium from the civil nuclear program in Iran.”

In 2009, a large outside support structure was already fully built and excavation was ongoing for what experts believe to be a ventilation shaft, crucial to allow air circulation into the facility. That shaft was later concealed and camouflaged, more recent imagery also shows.

Tehran explained to the IAEA in a letter dated October 2009 that the decision to build the facility underground was a result of “threats of military attacks against Iran,” adding that Fordow would serve as a contingency for the nearby Natanz plant, which, it claimed, “was among the targets threatened with military attacks.”

Iran told the IAEA the facility could house up to 3,000 centrifuges.

Nuclear deal and Israeli accusations

The dangers posed by Fordow were largely tamed as a result of the Joint Comprehensive Plan of Action (JCPOA) the so-called “Iran nuclear deal,” that required Iran to remove two-thirds of the centrifuges inside the facility, along with all nuclear material, after the facility was banned from any such work.

That process was slowly reversed when US President Donald Trump pulled out of the deal in 2018.

Further details about the facility were made public by Israeli Prime Minister Benjamin Netanyahu in 2018, after his country’s intelligence services seized more than 55,000 documents from what Israel said was Iran’s “atomic archive.”

Among the documents were detailed blueprints of Fordow and information on its objectives: To produce weapons-grade uranium, as part of Iran’s nuclear weapons program, for at least one or two nuclear weapons per year.

“We never saw any, any inconsistency,” Albright, who has combed through the documents, said of Iran’s push to develop nuclear weapons. “It’s hundreds of thousands of pages. I mean you just can’t make that amount of stuff up. I don’t think anyone challenges it, and that’s probably why there is an (IAEA) Board of Governors resolution against Iran.”

At the time, then Iranian Deputy Foreign Minister Abbas Araghchi called the revelations and Netanyahu’s comments “childish” and “laughable.” Then US Secretary of State Mike Pompeo said the US had known about the material “for a while” and believed the documents were authentic.

Protected from even the largest bombs

Recent IAEA reports suggested Iran had ramped up production of enriched uranium to a level of 60% at the Fordow facility, which, according to experts and the IAEA, now contains 2,700 centrifuges.

“The significantly increased production and accumulation of highly enriched uranium by Iran, the only non-nuclear-weapon state to produce such nuclear material, is of serious concern,” the IAEA said in a report on May 31.

“One of the things that elevated the tension, was they have no reason to do that, other than to be able to then go the next step and turn it into weapon-grade uranium,” Albright said.

“It was interpreted as they’re preparing themselves to be able to do it if they decide to. And if you’re 60%, you can turn it into weapon-grade uranium very quickly,” he added.

According to the ISIS think tank, “Iran can convert its current stock of 60 percent enriched uranium into 233 kg of weapon-grade uranium in three weeks at the Fordow Fuel Enrichment Plant,” enough for nine nuclear weapons.

That is why Fordow is a major focus of Israel’s attempts to degrade and destroy Iran’s nuclear program. But is it even feasible?

The US is the only country that possesses the kind of bomb required to strike Iran’s Fordow nuclear site, Israel’s ambassador to the US, Yechiel Leiter, said in an interview with Merit TV on Monday.

“For Fordow to be taken out by a bomb from the sky, the only country in the world that has that bomb is the United States. And that’s a decision the United States has to take, whether or not it chooses to actually pursue that course,” Leiter said. But, he added, that wasn’t the only option: “There are other ways of dealing with Fordow.”

Destroying Fordow from the air would be almost impossible for Israel, according to a March report from the UK-based Royal United Services Institute (RUSI) think tank and would require significant firepower and assistance from the United States.

It would not even be reachable by the US’ GBU-57 massive ordnance penetrator bombs, which only reach about 60 meters deep, according to the RUSI report. And the GBU-57 can only be delivered by US Air Force B-2 stealth bombers, something Israel doesn’t have – even if the US would give it the bombs.

“Even the GBU-57/B would likely require multiple impacts at the same aiming point to have a good chance of penetrating the facility,” said the report.

Other analysts agree, saying, if the US were to try to hit Fordow, it probably couldn’t be done with one bomb.

Albright says there could be other ways to disable Fordow.

“Israel could probably destroy the tunnel entrances pretty far back, and certainly destroy the ventilation system,” he said. “If you destroyed (the tunnels) and the electric electrical supply, it would be months before they could really operate.”

Despite its crucial role in Iran’s nuclear program, Albright believes Fordow is just another piece of the puzzle.

“If you destroy it, it’s not the end of the line, because you then go to the next threat, which is, how many centrifuges has Iran made that they didn’t deploy at Fordow and Natanz? And where are they?” he said.

“I think people over-emphasize the need to destroy it by bringing down its ceilings, which admittedly, probably only the US can do.”

This post appeared first on cnn.com

President Donald Trump continues to enjoy income streams from scores of luxury properties and business ventures, many of which are worth tens of millions of dollars, according to a financial disclosure form filed late Friday.

Released by the Office of Government Ethics, Trump’s 2025 financial disclosure spans 234 pages in all, including 145 pages of stock and bond investments. It is dated Friday with Trump’s signature.

One of the largest sources of income is the $57,355,532 he received from his ownership stake in World Liberty Financial, the cryptocurrency platform launched last year. The form shows that World Liberty’s sales of digital tokens have been highly lucrative for Trump and his family. Trump’s three sons, Donald Jr., Eric and Barron, are listed on the company’s website as co-founders of the firm.

Separately, Trump’s meme coin, known on crypto markets simply as $TRUMP, was not released until January and is therefore not subject to the disclosure requirements for this form, which covered calendar year 2024.

It was a lucrative year for Trump when it came to royalty payments for the various goods that are sold featuring his name and likeness.

Among the royalty payments:

The filing also includes a listing of liabilities, including at least $15,000 on an American Express credit card and payments due to E. Jean Carroll, the woman who successfully sued Trump over sexual abuse and defamation, though he is still seeking to appeal the decision.

The rest of the document includes dozens of pages of lengthy footnotes about his various assets.

The form was filed to comply with federal requirements for executive branch office holders. By comparison, the form former President Joe Biden filed in 2024 was 11 pages and consisted largely of conventional sources of income like bank and retirement accounts, while Kamala Harris’ was 15 pages.

Many of Trump’s key assets are held in a revocable trust overseen by Donald Trump Jr., his eldest son. They include more than 100,000 shares of Trump Media and Technology Group, the social media company that went public in 2024. Trump is the largest shareholder, and his nearly 53% is worth billions of dollars. Those holdings were still disclosed in the form.

This post appeared first on NBC NEWS

As Starbucks aims to bring back customers and assuage investors with its turnaround strategy, it is also winning over its store managers with promises to add more seating inside cafes and promote internally.

Since CEO Brian Niccol’s first week at the company, he’s been pledging to bring the company “back to Starbucks” to lift sluggish sales. That goal was in full view at the company’s Leadership Experience, a three-day event in Las Vegas for more than 14,000 store leaders this week.

Starbucks unveiled a new coffee called the 1971 Roast, a callback to the year that its first location opened at Pike Place in Seattle. The finalists at Starbucks’ first-ever Global Barista Championships referred to “back to Starbucks” as they prepared drinks for judges. Even the Wi-Fi password was “backtostarbucks!”

To investors, Niccol has already presented a multi-part strategy that involves retooling the company’s marketing strategy, improving staffing in cafes, fixing the chain’s mobile app issues and making its locations cozier. The company also laid off roughly 1,100 corporate workers earlier this year, saying it aimed to operate more efficiently and reduce redundancies.

Starbucks shares have climbed nearly 20% since April and are trading just shy of where they were after a nearly 25% spike the day Niccol was announced as CEO.

While Starbucks has taken major steps to win back customers and Wall Street, it’s also trying to regain faith among its employees. Staffers have had concerns about hours and workloads for years, sparking a broad union push across the U.S.

To excite the chain’s store managers, Starbucks executives’ pitch this week focused on giving them more control. Before launching new drinks, like a protein-packed cold foam, the company is first testing them in five stores to gain feedback from baristas.

When the chain increases its staffing this summer, managers will have more input on how many baristas they need. And next year, most North American stores will add an assistant manager to their rosters.

“You are the leaders of Starbucks. Your focus on the customer is critical. Your leadership is critical. And as you return to your coffeehouses, please remember: coffee, community, opportunity, all the good that follows,” Niccol said on Tuesday.

Niccol’s “back to Starbucks” strategy centers on the idea that the company’s culture has faltered. Its Leadership Experience, typically held every couple of years, was the first since 2019 — three CEOs ago.

“We are a business of connection and humanity,” Niccol said on Tuesday afternoon, addressing a crowd of more than 14,000 managers. “Great people make great things happen.”

As more customers order their lattes via the company’s app, its cafes have lost their identity as a “third place” for people to hang out and sip their drinks.

To return to Starbucks’ prior culture, the company is unwinding previous decisions — like removing seats from its cafes. In recent years, the chain has removed 30,000 seats from its locations. Those renovations have irritated both customers and employees; the manager of Niccol’s local Starbucks in Newport Beach, California, even asked him to remove her store from its renovation list because she wanted to keep the seating, according to Niccol.

“We’re going to put those seats back in,” Niccol said, bringing a big wave of applause from the audience.

He earned more applause from the audience when discussing the chain’s plans to promote internally as it eventually adds 10,000 more locations in the U.S.

Although historically roughly 60% of Starbucks store managers have been internal promotions, the company wants to raise that to 90% for its retail leadership roles. Thousands of new cafes means 1,000 more district managers, 100 regional directors and 14 regional vice presidents for the company — and more upward career mobility for its store leaders.

Staffing more broadly has been a concern for Starbucks and its employees, fueling a wave of union elections across hundreds its stores. Past management teams have cut down on the labor allotted to stores, helping profit margins at the cost of burning out baristas and slowing service.

Under Niccol, Starbucks is changing the trend. The company is accelerating plans to roll out its new Green Apron labor model by the end of the summer, because tests have shown that it improves service times and boosts traffic. As part of the model, managers will have more input on how much labor their store needs.

And Chief Partner Officer Sara Kelly received a standing ovation from the crowd for her announcement that most North American locations will receive a full-time, dedicated assistant store manager next year.

“For much of the time, your store is operating without you there, and you share that even when you’re not in the store, you’re not able to fully disconnect, and it can feel like the weight of everything is on your shoulders. … It affects everything, the partner experience, the customer experience, the performance of your store,” Kelly said, addressing the store managers in the audience.

Underscoring the challenges Niccol faces in recapturing the company’s brand, the two speakers who scored the most applause from store managers are no longer actively involved in the company.

Former chairwoman Mellody Hobson scored standing ovations during both her entry and exit onto the arena’s stage. Hobson, wiping tears from her eyes, thanked the Starbucks employees whom she said always made her feel welcome in their stores.

She stepped down from her position earlier this year, ending a roughly two-decade tenure that culminated with her becoming the first African American woman to become the independent chair of a Fortune 500 company. Hobson also serves as co-CEO of Ariel Investments.

Hobson ceded her position as chair of the board to Niccol when he joined the company in September. Niccol credited her with poaching him from Chipotle as Starbucks sought to find a leader who could turn around its flailing business.

“A quick conversation [with Hobson] turned into something really special for me,” Niccol said.

And Hobson’s longtime friend Howard Schultz also earned standing ovations from store managers.

Schultz, the three-time CEO who grew Starbucks from a small chain into a coffee powerhouse, made a surprise appearance at the Leadership Experience on Wednesday morning. It marked the first time that he’s appeared with Niccol publicly since the board tossed out his handpicked successor, Laxman Narasimhan, and selected the then-Chipotle CEO to take the reins.

Starbucks has long been plagued by questions about its succession, given Schultz’s former willingness to return to the helm of the company. But since Niccol’s appointment, industry analysts have thought that he might finally be the CEO who manages to escape Schultz’s lingering influence over the coffee giant.

The ghost of Schultz lingered earlier in the event. Niccol shared a story about being inspired hearing Schultz speak at Yum Brands, Niccol’s then-employer, back in 2008. The 71-year-old chairman emeritus also appeared in video form on Tuesday afternoon to thank Hobson for her service to the company.

During his conversation with Niccol on Wednesday, Schultz co-signed his plan to get “back to Starbucks,” saying that he did a cartwheel in his living room the first time that he heard about it.

He also asked managers to bring that energy back to their own Starbucks locations.

“Be true to the coffee, be true to your partners,” Schultz told the audience. “And I know we’re going to come out of here … like a tidal wave and surprise and delight the world and prove all those cynics wrong again, just as we did in 1987.”

This post appeared first on NBC NEWS

This Time Technology Beats Financials

After a week of no changes, we’re back with renewed sector movements, and it’s another round of leapfrogging.

This week, technology has muscled its way back into the top five sectors at the expense of financials, highlighting the ongoing volatility in the market.

Communication Services and Consumer Staples have swapped places since last week, while Technology has entered at number five, pushing Financials down to sixth. The remaining sectors from seven to eleven remain unchanged.

This constant shuffling is a clear indicator of the market’s indecision. Imho, such volatility usually doesn’t accompany a sustainable trend, and that’s precisely what’s hurting trend-following models right now.

  1. (1) Industrials – (XLI)
  2. (2) Utilities – (XLU)
  3. (4) Communication Services – (XLC)*
  4. (3) Consumer Staples – (XLP)*
  5. (6) Technology – (XLK)*
  6. (5) Financials – (XLF)*
  7. (7) Real-Estate – (XLRE)
  8. (8) Materials – (XLB)
  9. (9) Consumer Discretionary – (XLY)
  10. (10) Healthcare – (XLV)
  11. (11) Energy – (XLE)

Weekly RRG Analysis

On the weekly Relative Rotation Graph, the Technology sector is showing impressive strength. Its tail is well-positioned in the improving quadrant, nearly entering the leading quadrant with a strong RRG heading. This movement explains Technology’s climb back into the top ranks.

Industrials remains the only top-five sector still inside the leading quadrant on the weekly RRG. It continues to gain relative strength, moving higher on the JdK RS-Ratio axis, while slightly losing relative momentum. All in all, this tail is still in good shape.

Utilities, Communication Services, and Consumer Staples are all currently in the weakening quadrant. Utilities and Staples show negative headings but maintain high RS-Ratio readings, giving them room to potentially curl back up. Communication Services is losing ground on the RS-Ratio scale but starting to pick up relative momentum.

Daily RRG: A Different Picture

Switching our focus to the daily RRG reveals a somewhat different story:

  • Industrials has moved into the lagging quadrant, losing ground on the RS-Ratio scale
  • Utilities and Staples are rolling back into the lagging quadrant with negative headings — not a great sign
  • Communication Services remains close to the benchmark
  • Technology shows the strongest tail, nearly completing a leading-weakening-leading rotation

This daily view underscores the strength we’re seeing in the Technology sector on the weekly timeframe.

Industrials: Facing Resistance

XLI dropped back below its previous high after a strong showing the week prior. There’s significant resistance between $142.50 and $145.

In a worst-case scenario, I think XLI could even retreat to the gap area between $137.50 and $139.

The uptrend remains intact, but more buying power is needed for a convincing break to new highs.

Utilities: Range-Bound

XLU is now trading in a range between roughly $80 on the downside and $83 on the upside.

It needs to break above the former high to continue building relative strength.

The raw RS line has returned to its trading range, dragging both RRG lines lower — not the strongest outlook for this defensive sector.

Communication Services: Testing Resistance

The sector peaked almost exactly at resistance offered by its previous high around $105, then closed at the lower end of the bar.

The raw RS line is managing to stay within its rising channel, albeit horizontally.

A sustained upward price movement is crucial for maintaining relative strength here.

Consumer Staples: Struggling to Break Higher

XLP continues to face heavy overhead resistance between $82 and $83.

Its inability to break higher is starting to hurt relative strength.

The raw RS line has moved down from a recent high, dragging the RRG lines lower.

The RS-Momentum line has already crossed below 100, positioning the weekly tail inside the weakening quadrant.

Technology: The Comeback Kid

XLK, the new kid on the block (again), tested its overhead resistance level around $244, peaking slightly above it last week before closing lower.

Recent strength has pushed the raw RS line convincingly higher, taking out its previous peak from mid-December.

Both RRG lines are pointing strongly upward, with RS-Momentum already above 100 and RS-Ratio rapidly approaching 100.

Portfolio Performance

With all this sector leapfrogging, especially involving the heavyweight Technology sector, the gap between the top five sectors’ performance and SPY has widened to around 7%.

The drawdown continues, but I’m sticking with this experiment and trusting the model to come back and start beating SPY again.

Yes, a 7% lag sounds significant (and it is), but it can change rapidly in such a concentrated portfolio. One or two strong weeks could easily turn this performance around, particularly if big sectors like Technology and potentially Consumer Discretionary become part of the top five.

#StayAlert and have a great week. –Julius


FMR Resources Limited (ASX:FMR) (FMR or Company) is pleased to announce it has entered into a conditional Binding Term Sheet giving it the right to earn up to a 60% interest in a highly prospective copper-gold-molybdenite project in central Chile (Transaction). The Company will joint venture (JV) into selected tenements (the JV Tenements or Concessions) within the Llahuin Project (Llahuin or the Project) held by Southern Hemisphere Mining Ltd (SUH) which overlie the Southern Porphyry Target.

Highlights

  • Large Cu-Au-Mo porphyry target untested at depth
  • Coincidental datasets suggest substantial copper porphyry system
  • Shallow historic drilling confirms porphyry mineralisation above target
  • Drilling of targets to commence early Q4 2025
  • Oliver Kiddie joins FMR as Managing Director
  • Firm commitments received for $2.2m capital raising at $0.16 through a placement to existing and new sophisticated investors
  • Mark Creasy to join the FMR register as major shareholder

The Southern Porphyry JV gives FMR exposure to a potential Company-making discovery. Coincidental datasets captured across the Southern Porphyry target area suggest a large, untested copper porphyry system below historic exploration. With proven fertility along a ~6km corridor at Llahuin, including historic shallow copper porphyry mineralisation directly above the Southern Porphyry target, this JV delivers FMR drill-ready targets for Q4 2025. The Company looks forward to updating shareholders as we progress towards maiden drilling of these exciting targets.

In conjunction, FMR is pleased to announce the appointment of Oliver Kiddie as Managing Director. Mr Kiddie is a geologist with over 20 years’ experience across exploration, resource definition, project development, and production throughout Australia and internationally. He has extensive experience in base metal and gold exploration through senior management, executive, and directorship positions, including Dominion Mining, European Goldfields, the Creasy Group, and Legend Mining.

Oliver Kiddie said:“I am very excited to be joining the FMR team as the Company expands its exploration portfolio with the Llahuin Project in Chile. I look forward to leading the Company through the next stage of growth and working with the experienced SUH team as the compelling Southern Porphyry drill targets are tested in Q4 this year, with the clear aim of a Company-making discovery.”

Project Description

Porphyry-style Cu-Au-Mo mineralisation identified to date at the Llahuin Project is largely hosted in three main mineralised zones – the Central Porphyry Zone, Cerro do Oro and Ferrocarril, which occur along a +2.5 km N-S strike (open north and south, with a total strike length of up 6 km). These zones are coincident with a north-south trending valley, potentially reflecting weathering of more regressive units or a structure.

Llahuin was initially acquired in July 2011 by SUH through an intermediary from Antofagasta plc. Drilling completed across the project to date comprises 296 holes for 64,503m with a total of 62 holes for 11,927m completed on the JV Tenements, of which 9,156m reports to the Ferrocarril zone and are therefore not relevant to the Southern Porphyry Target. Drilling has resulted in the delineation of Mineral Resources which do not form part of the JV and do not form part of the transaction (see Figures 1 and 7).

In addition to drilling SUH has completed extensive geochemical and geophysical surveys at Llahuin, including detailed magnetics (MAG), induced polarisation (IP), and magnetotellurics (MT). These datasets have indicated a “blind” porphyry-style target at the southern end of the Llahuin Project named the Southern Porphyry Target. This target is defined by a coincident magnetic anomaly, IP resistivity anomaly, and MT resistivity anomaly. The target is modelled as a circular feature 1.5km – 2km in diameter and centred approximately 1,000m below surface (see Figures 1, 2, 3, 4, and 5).

Click here for the full ASX Release

This post appeared first on investingnews.com

As an unprecedented Israeli attack on Iran last week sparks a spiraling conflict between the two enemy states, China has seen an opportunity to cast itself as potential peace broker – and an alternative voice to the United States.

Chinese Foreign Minister Wang Yi took up this mission over the weekend, speaking with both his Iranian and Israeli counterparts in separate phone calls, where Wang decried the attack that sparked latest conflict and telegraphed China’s offer to “play a constructive role” in its resolution.

“China explicitly condemns Israel’s violation of Iran’s sovereignty, security and territorial integrity … (and) supports Iran in safeguarding its national sovereignty, defending its legitimate rights and interests,” Wang said in a call Saturday with Iranian Foreign Minister Seyed Abbas Araghchi, according to Beijing’s official readout.

China’s self-described “explicit” opposition to Israel’s attack stands in sharp contrast to the country’s response to Russia’s invasion of Ukraine – which Beijing refused to condemn as it ramped up its close ties with Moscow.

It also underscores the hardening of geopolitical lines that have placed China in opposition to the US across a host of global issues.

Israel launched its aerial attack targeting Iran’s nuclear, missile and military complex early Friday in what Israeli Prime Minister Benjamin Netanyahu said was an operation to “roll back” the Iranian threat to his country’s survival.

Multiple waves of deadly assaults launched by both sides in the days since have seen mounting casualties and raised the risk of a broader regional conflagration that could involve the United States, which has so far only assisted in Israel’s defense against an onslaught on Iranian missiles and drones.

In Beijing’s eyes, all this gives ample reason to be outspoken on a conflict playing out in a part of the world where it has steadily worked to increase its own economic and diplomatic sway, but where experts say its heft as a powerbroker remains limited.

‘Play a constructive role’

For one, as the Trump administration’s “America First” policy has shaken up the US’ traditional position on the international stage, Beijing sees an opportunity to further expand its clout. That’s especially true in the context of countries across the Global South, where Israel has received stark condemnation over its ongoing assault on Gaza.

Beijing is also a key diplomatic and economic backer of Iran and has moved to further deepen collaboration in recent years, including holding joint naval drills, even as it’s sought to balance those ties with its growing relations with countries like Saudi Arabia. Chinese officials long voiced opposition to US sanctions on Iran and criticized the US withdrawal from the 2015 Iran nuclear deal, while accusing Washington of being a source of instability and tensions in the region.

Wang took veiled aim at the US in his call with his Iranian counterpart Saturday, according to the Chinese readout of the call, saying that “China also urges the countries that have influence over Israel to make concrete efforts to restore peace.”

“China is ready to maintain communication with Iran and other relevant parties to continue playing a constructive role in de-escalating the situation,” he added.

Speaking to Israeli Foreign Minsiter Gideon Sa’ar on Saturday, Wang said China “urged both Israel and Iran to resolve differences through dialogue” and added “that China is willing to play a constructive role in supporting these efforts,” a Chinese readout said.

Beijing is unlikely to see benefits from the deepening of tensions in the region, which it relies on for energy and where it has looked to show itself as an emerging powerbroker. For example, it took on a surprise role in facilitating a diplomatic rapprochement between archrivals Saudi Arabia and Iran in 2023.

It’s unclear what role Beijing could play in the resolution of the current conflict, including how much leverage Beijing has over Tehran, even as lawmakers in Washington have warned of a deepening “axis” between China, Iran, Russia and North Korea.

But when it comes to managing the direction of this escalation of an entrenched regional conflict, chances are that players both within the Middle East and the US – which plays a key role in regional security – will ultimately drive that effort.

Trump on Sunday posted on social media that Iran and Israel “will make a deal,” adding that “many calls and meetings” were “now taking place,” without providing details.

But the US president had also suggested another potential leader could have a role to play brokering peace: Vladimir Putin, with whom Trump said he discussed the escalating situation on Saturday.

In an interview with ABC News, Trump said he was open to the Russian leader, whose forces invaded Ukraine and who has resisted a US-brokered ceasefire in that conflict, serving as a mediator – another sign of the warming ties between Washington and Moscow, which maintains close relations with Tehran and has condemned Israel’s attack.

“I would be open to it,” Trump said. Putin “is ready.”

This post appeared first on cnn.com

For the past month Chinese aircraft carrier strike groups have been operating further from home shores and in greater strength than ever before, testing state-of-the-art technology and sending a message they are a force to be reckoned with, analysts and officials say.

Since early May, a People’s Liberation Army Navy (PLAN) flotilla led by the carrier Shandong has conducted exercises north of the Philippines; its newest carrier, the soon-to-be commissioned Fujian, has been on sea trials in disputed waters west of the Korean Peninsula; and its oldest carrier, the Liaoning has led exercises in the Pacific waters of Japan’s exclusive economic zone.

During the drills the Fujian for the first time conducted aircraft take-off and landing operations at sea using its advanced electromagnetic catapult system (EMALS), regional defense officials said.

That’s a significant development. Only one other carrier in the world has that system – the US Navy’s newest carrier, the USS Gerald R Ford.

Last Monday, the Japanese Defense Ministry said the Shandong and its support ships had been exercising in the waters southeast of the island of Miyako Island in southern Okinawa prefecture, putting two Chinese carrier strike groups in the open Pacific for the first time.

At the center of that box of exercises is Taiwan, the democratically ruled island claimed by China’s Communist Party despite never having controlled it.

Chinese leader Xi Jinping has vowed to “achieve reunification” with the island, using force if necessary.

Analysts noted that the Pacific exercises specifically covered areas through which US naval support of Taiwan, in the event of conflict there, would have to pass.

“The projection of power is beyond China’s own defensive needs,” the Taiwanese official said, unless it wants to assert the entire first island chain is its internal waters.

The first island chain stretches from Japan to the Philippines and further down to Indonesia as is seen as a strategically vital line to both China and the US.

Some analysts say Beijing may be laying the groundwork for that with so-called “salami slicing” tactics, or pushing its claims and presence in small but unrelenting steps until it’s too late for an opponent to stop them.

Besides Taiwan, the waters inside that first island chain include the Japanese-controlled Senkaku Islands, called the Diaoyus in China and, like Taiwan, claimed by it as sovereign territory.

Chinese maritime forces have been increasing their visibility around those islands. According to statistics from the Japanese Defense Ministry, more than 100 Chinese vessels have appeared in the contiguous zone of the islands – the waters between them – for all but one of the past 24 months.

Also within the first island chain are disputed islands in the South China Sea that have seen violent flare-ups between Chinese and Philippine forces as Beijing tries to aggressively assert its claim over geographical features in the waterway through which trillions of dollars in trade passes each year.

US Defense Secretary Pete Hegseth called out Beijing tactics at a recent defense forum in Singapore.

“Any unilateral attempt to change the status quo in the South China Sea and the first island chain by force or coercion is unacceptable,” Hegseth said in a speech at the Shangri-La Dialogue, noting the persistent PLA presence around Taiwan and harassment and intimidation tactics in the South China Sea.

“It has to be clear to all that Beijing is credibly preparing to potentially use military force to alter the balance of power in the Indo-Pacific,” Hegseth said.

Reaching well into the Pacific

While Hegseth focused on China’s activities inside the first island chain, the PLA Navy’s recent movements have it operating carriers beyond the second island chain, which runs from the Japanese main island of Honshu southeast to the US territories of Saipan and Guam and then southwest to Yap, Palau and New Guinea.

Japanese officials reported last week two Chinese carrier groups operating well out into the open Pacific.

“It is believed that China is planning to improve the operational capability of its aircraft carriers and their ability to conduct operations in distant areas of the sea,” Japanese Chief Cabinet Secretary Yoshimasa Hayashi said last Monday, noting that China has demonstrated for the first time the ability to operate a carrier in the waters east of Iwo Jima and close to Japan’s easternmost island Minamitorishima.

“The PLA is demonstrating a capability for sustained carrier ops outside of the first island chain. This is certainly a significant milestone for the PLAN,” said Ray Powell, director of SeaLight, a maritime transparency project at Stanford University’s Gordian Knot Center for National Security Innovation.

“Beijing is using the PLAN to signal its growing maritime power and willingness to use it,” said Carl Schuster, a former US Navy captain and Hawaii-based analyst.

A PLA Navy press release on Tuesday acknowledged the carrier activity in waters well out into the Pacific and emphasized that they are defense-minded.

“The Chinese Navy’s Liaoning and Shandong aircraft carrier formations recently went to the Western Pacific and other waters to conduct training to test the troops’ far sea defense and joint combat capabilities. This is a routine training,” the release quoted Chinese navy spokesperson Wang Xuemeng as saying, adding that the exercises are “not targeting specific countries.”

Overall, Schuster said China is making a very clear statement with the series of exercises.

“Although Beijing has characterized these activities as routine training and trials, its neighbors did not miss the related strategic message: China has become a major naval power that can and will apply that power in their waters if it chooses,” Schuster said.

New ships, new reach

Only one other naval power, the United States, has the capability to operate two or more carrier strike groups at such distances.

US Navy carrier strike groups usually consist of the carrier plus cruisers and/or destroyers equipped with the Aegis missile system to defend the prized asset at their heart.

Analysts noted the Chinese carrier groups in the Pacific have a similar formation and include some of the PLAN’s newest and most powerful surface ships, large Type 055 guided-missile destroyers as well as new but smaller Type 052DM destroyers.

With a displacement of around 12,000 tons, the Type 055s are considered by many naval analysts to be the most powerful surface combatants afloat and a centerpiece of what is now the world’s largest naval force, a title the PLAN took from the US Navy around 2020.

A report Tuesday in the state-run Global Times said the PLAN may be looking to operate carrier strike groups in all the world’s oceans like the US Navy does.

Chinese military affairs expert Zhang Junshe told the tabloid that Beijing’s expanding overseas business and cultural interests justify its naval expansion, including the ability of carriers to operate far from Chinese shores.

New carrier training may be seen in the Indian and Atlantic oceans, Zhang said.

The newest carrier

The Fujian, China’s newest aircraft carrier, is likely to be pivotal in the any PLA Navy plans to operate well out into the Pacific or other oceans.

Estimated to displace 80,000 tons, it’s believed to the largest non-American warship ever built and able to carry a fleet of about 50 aircraft, up from 40 on Liaoning and Shandong.

During its sea trials in the Yellow Sea last month, the Fujian conducted aircraft take-off and landing operations, according to South Korean defense officials.

The trials marked the first time a Chinese carrier had conducted such an activity inside the Provisional Measures Zone (PMZ), a disputed area where China and South Korea have agreed to both oversee fisheries management, but where friction between Beijing and Seoul persists.

The take-off and landing operations are significant as it marks the first time the Fujian has done so at sea, using its electromagnetic catapult system.

The system allows carrier aircraft to take off with heavier weapon and fuel loads than those operating off the Shandong and Liaoning, which feature ski-jump type take-off ramps, enabling Fujian’s aircraft to strike enemy targets from greater distances.

The Fujian is expected to carry the naval version of the J-35, a twin-engine stealth fighter jet that can’t operate off a China’s older carriers.

And China is building another carrier, for now known as the Type 004, which is expected to not only employ EMALS technology, but also – unlike Fujian but like the USS Ford – be nuclear-powered.

Nuclear power will extend the range of Chinese naval air fleet significantly because, as the carrier doesn’t need to be refueled, it can stay at sea longer and farther away from replenishment tankers.

“Beijing’s carrier program, like its fleet, is expanding and improving rapidly, not just with new ships but with new aircraft. That trend signals Beijing’s maritime intent,” Schuster said.

But even with the new equipment and expanded range, analysts expressed caution on overestimating the PLA Navy’s abilities.

Compared to the US, which has been operating carrier strike groups in the far seas for decades, China is very much at the beginning of the learning curve.

“China’s carrier force is still very much developmental at this stage. Still, China is closing the gap,” said Powell, the SeaLight analyst.

This post appeared first on cnn.com