• Associated Press

    Activists pour red paint down Rome's famed Spanish Steps in outrage over femicides in Italy

    Police detained several activists who poured red paint down Rome's famed Spanish Steps on Wednesday to raise awareness about femicides in Italy. The protesters, from an organization called “Bruciamo Tutto,'' or ”Let's Burn Everything,'' spilled paint down the 135-step monument, then dipped their hands in the paint, meant to represent blood, to leave handprints on the monument as tourists looked on. One activist shouted that 40 women had been killed in Italy since the Nov. 11, 2023 killing of 23-year-old Giulia Cecchettin that galvanized outrage against violence targeting women.

  • Yahoo Finance Video

    Why the S&P 500 is '10% above where it should be': Strategist

    Nvidia (NVDA) has been on a downturn, with a three-day losing streak. As a result, the S&P 500 (^GSPC) also began to slump as Nvidia holds considerable weight in the index. Stifel chief equity strategist Barry Bannister joins Morning Brief to give insight into Nvidia's recent performance, its weight on the S&P 500, and what investors need to consider for the broader market moving forward. "The market's expensive. If you look at the way we calculate equity risk premium, the earnings yield above the risk-free yield on offer; it's at about two and a half. We think it should be about three. So, the S&P is a good 10% above where it should be. There are a lot of other ways to value the market and look at equity ownership as a percent of households financial assets. These are at record highs. These are at enormous levels. So we're concerned about future returns being lowered by the high level of today." Bannister tells Yahoo Finance. He continues by estimating where the market is headed: "We don't see any Fed rate cuts this year, and as a consequence, the market can pull back, and that's been our call...I wouldn't feel disappointed if it fell 10% to about 4900. We've been saying 4750." For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Nicholas Jacobino

  • The Canadian Press

    Biden pardons potentially thousands of ex-service members convicted under now-repealed gay sex ban

    WASHINGTON (AP) — President Joe Biden pardoned potentially thousands of former U.S. service members convicted of violating a now-repealed military ban on consensual gay sex, saying Wednesday that he is “righting an historic wrong" to clear the way for them to regain lost benefits.