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    Analyst Report: American Tower Corp.

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    Analyst Report: Norfolk Southern Corp.

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  • EU Hits Pause on US Trade Deal as It Seeks Clarity Over Latest Trump Maneuver

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    FRANKFURT, Germany (AP) — Frustrated European officials pushed Monday for clarification on how U.S. President Donald Trump’s declaration of a 15% global tax on imports would affect the trade deal they struck with Trump this summer as EU legislators hit pause on the deal’s ratification until they get clarity.

    The European Parliament’s trade committee postponed a committee vote on ratification after Trump said he would impose the new tariff, after the U.S. Supreme Court struck down his use of an emergency powers law to set new import taxes. Trump then turned to another section of trade law to justify his imposition of the 15% global rate, which take effect Tuesday.

    The EU position is expressed in five words: “A deal is a deal,” said commission spokesman Olof Gill. “So now we are simply saying to the US, it is up to you to clearly show to us what path you are taking to honor the agreement.”

    The US-EU deal called for a 15% cap on tariffs on most European goods imports, while tariffs on US industrial goods would be lowered to zero. While the deal burdened consumers and businesses with a tariff increase from the previous average of 4.8%, it also gave businesses certainty so they could plan – a factor credited with helping Europe avoid a recession last year.

    Since the new 15% rate announced Saturday would be applied on top of the previous tariffs, it would break the agreed ceiling on tariffs, said Bernd Lange, chair of the parliament’s trade committee. Legislators postponed a committee vote on the agreement scheduled for Tuesday.

    Questions surrounded other trade deals done with individual countries including Brazil, India and Britain. For instance, Britain agreed a 10% maximum tariff with the US, while India settled on 18% and Vietnam accepted 20%. Although the Supreme Court decision did not directly affect bilateral deals, they were negotiated using threats of imposing the now-invalidated tariffs as leverage. However re-opening those deals could backfire because Trump has made clear he will pursue tariffs under other laws than the one the Supreme Court said he could not apply.

    US Trade Representative Jamison Greer said Sunday on US network CBS’ “Face the Nation” program that the administration had made clear to negotiating partners that Trump was intent on tariffs whether the Supreme Court ruled against him or not, that “whether we won or lost, there were going to be tariffs.”

    He said that the bilateral deals “are good deals, we expect to stand by them, we expect our partners to stand by them.”

    Moving from country-specific tariffs to the flat 15% global tariff “will have considerable implications elsewhere,” said Atakan Bakiskan, US economist at Berenberg bank. The new tariff means a reduced rate for some countries, for example Brazil, which faces a reduction of nearly 15 percentage points and China, which sees a reduction of nearly 10 percentage points.

    Under the law Trump relied on, these latest tariffs are in effect for only 150 days unless Congress votes to extend them. Trump could use that time to search for other legal provisions that would support his actions.

    While uncertainty hits European companies, it puts pressure on the U.S. economy as well, where consumers and companies pay the tariffs on goods purchased from abroad. “Uncertainty around trade policy appears here to stay – putting continued pressure on the US economy,” Bakiskan said.

    Copyright 2026 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

    Photos You Should See – Feb. 2026

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    Analyst Report: Goodyear Tire & Rubber Co.

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  • Supreme Court Decision Against Trump’s Tariffs Raises Uncertainty, but Markets Stay Calm

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    BANGKOK (AP) — The Supreme Court’s ruling against U.S. President Donald Trump’s tariffs has countries like China and South Korea watching for Washington’s next steps, while financial markets took the news in stride.

    The decision announced Friday could potentially disrupt arrangements worked out in trade negotiations since Trump announced sweeping tariffs on dozens of countries in April 2025.

    China’s Commerce Ministry said it was conducting a “comprehensive assessment of ” the ruling against the tariffs Trump imposed under the International Emergency Economic Powers Act, or IEEPA.

    “China urges the United States to lift the unilateral tariffs imposed on trading partners,” an unnamed ministry spokesman said in a statement.

    The statement reiterated Beijing’s stance that there are no winners in a trade war and that the measures Trump had announced “not only violate international economic and trade rules but also contravene domestic laws of the United States, and are not in the interests of any party,” the official Xinhua News Agency cited the spokesperson as saying.

    Trump responded to the Supreme Court decision by proposing a new 10% global tariff under an alternative law, Section 122 of the 1974 Trade Act, and later increased it to 15%.

    For China and some other countries in Asia that were subject to higher import duties on their exports, that could potentially bring some relief. But for others such as Japan, the United Kingdom and other U.S. allies, tariffs could rise.

    The U.S. plans to stand by its trade deals and expects its partners to do the same, U.S. Trade Representative Jamieson Greer said in a CBS News interview Sunday.

    “The deals were not premised on whether or not the emergency tariff litigation would rise or fall,” said Greer, Trump’s top trade negotiator. “I haven’t heard anyone yet come to me and say the deal’s off. They want to see how this plays out.”

    Uncertainty may worsen if the Trump administration continues imposing new tariffs under alternative laws, South Korea’s trade minister, Kim Jung-kwan, said Monday.

    The South Koreans have agreed to hold “amicable” discussions with U.S. officials in order to minimize any negative impact on South Korean companies, he said. Major South Korean exports such as autos and steel are subject to tariffs under other trade laws.

    “Given the uncertainty over future U.S. tariff measures, the public and private sectors must work together to strengthen our companies’ export competitiveness and diversify their markets,” Kim said.

    U.S. Treasury Secretary Scott Bessent also said Sunday that he believed trading partners would abide by existing deals and that tariff revenues will remain steady.

    “Tariff revenues will be unchanged this year and will be unchanged in the future,” Bessent said in a Fox News interview, pointing to the new 15% global tariffs Trump has said he wants as a replacement.

    The administration would defer to the courts on whether to give companies refunds for the import taxes already collected under the tariffs now declared unlawful, Bessent said.

    “It’s out of our hands and we will follow the court’s orders,” he said.

    U.S. futures sank early Monday, with the contract for the S&P 500 down 0.6% and that for the Dow Jones Industrial Average falling 0.5%. Oil prices fell and the U.S. dollar weakened against the Japanese yen and the euro.

    But share prices in Asia mostly advanced, with Hong Kong’s Hang Seng gaining 2.4%.

    Kim Tong-hyung in Seoul, South Korea, contributed.

    Copyright 2026 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

    Photos You Should See – Feb. 2026

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  • Hungary Says It Will Block a Key EU Loan to Ukraine Until Russian Oil Shipments Resume

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    BUDAPEST, Hungary (AP) — Hungary will block a planned 90-billion-euro ($106-billion) European Union loan to Ukraine until the flow of Russian oil through the Druzhba pipeline resumes, Hungary’s foreign minister said.

    Russian oil shipments to Hungary and Slovakia have been interrupted since Jan. 27, after Ukrainian officials said a Russian drone attack damaged the Druzhba pipeline, which carries Russian crude across Ukrainian territory and into Central Europe.

    Hungary and Slovakia, which have both received a temporary exemption from an EU policy prohibiting imports of Russian oil, have accused Ukraine — without providing evidence — of deliberately holding up supplies.

    In a video posted on social media Friday evening, Foreign Minister Péter Szijjártó accused Ukraine of “blackmailing” Hungary by failing to restart oil shipments. He said his government would block a massive interest-free loan the EU approved in December to help Kyiv to meet its military and economic needs for the next two years.

    “We will not give in to this blackmail. We do not support Ukraine’s war, we will not pay for it,” Szijjártó said. “As long as Ukraine blocks the resumption of oil supplies to Hungary, Hungary will block European Union decisions that are important and favorable for Ukraine.”

    Hungary’s decision to block the key funding for Ukraine came two days after it suspended shipments of diesel to its embattled neighbor until oil flows through the Druzhba were resumed, and only days before the fourth anniversary of Russia’s full-scale invasion.

    Nearly every country in Europe has significantly reduced or entirely ceased Russian energy imports since Moscow launched its war in Ukraine on Feb. 24, 2022. Yet Hungary — an EU and NATO member — has maintained and even increased its supply of Russian oil and gas.

    Hungary’s nationalist Prime Minister Viktor Orbán has long argued Russian fossil fuels are indispensable for its economy and that switching to energy sourced from elsewhere would cause an immediate economic collapse — an argument some experts dispute.

    Widely seen as the Kremlin’s biggest advocate in the EU, Orbán has vigorously opposed the bloc’s efforts to sanction Moscow over its invasion, and blasted attempts to hit Russia’s energy revenues that help finance the war. His government has frequently threatened to veto EU efforts to assist Ukraine.

    Not all of the EU’s 27 countries agreed to take part in the 90-billion-euro loan package for Ukraine. Hungary, Slovakia and the Czech Republic opposed the plan, but a deal was reached in which they did not block the loan and were promised protection from any financial fallout.

    Copyright 2026 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

    Photos You Should See – Feb. 2026

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  • US Economy Grows at 1.4% Rate in the Fourth Quarter, Slower Than Economists Expected

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    WASHINGTON (AP) — America’s gross domestic product — the nation’s output of goods and services — increased at an 1.4% annual rate in the fourth quarter, the Commerce Department reported Friday, down from 4.4% in the July-September quarter and 3.8% in the quarter before that.

    A downturn in government and consumer spending contributed to the slowdown in fourth-quarter growth, the government said. Consumer spending rose just 2.2%, a significant slowdown from the third quarter’s healthy 3.5% gain.

    The report underscores an odd aspect of the U.S. economy: It is growing steadily, but without creating many jobs. Growth was a fairly healthy 2.2% in 2025, yet a government report last week showed that employers added less than 200,000 jobs last year — the fewest since COVID struck in 2020.

    Economists point to several possible reasons for the gap: The Trump administration’s crackdown on immigration has sharply slowed population growth, reducing the number of people available to take jobs. It’s one reason that the unemployment rate rose only slightly — to 4.3% from 4% — last year, even with the nearly non-existent hiring.

    Some businesses may also be holding back on adding jobs out of uncertainty about whether artificial intelligence will enable them to produce more without finding new employees. And the cost of tariffs has reduced many companies’ profits, possibly leading them to cut back on hiring.

    The economy is also unusual right now because growth is solid, inflation has slowed a bit, and unemployment is low, but surveys show that Americans are generally gloomy about the economy. In January, a measure of consumer confidence fell to its lowest level since 2014, yet consumers have kept spending, propelling growth.

    Some of that spending may be disproportionately driven by upper-income consumers, in a phenomenon known as the “K-shaped” economy. Yet data from many large banks suggests lower-income consumers are still raising their spending, even if by not as much.

    Copyright 2026 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

    Photos You Should See – Feb. 2026

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    Analyst Report: New York Times Co.

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  • Stocks Settle Slightly Higher as Bond Yields Fall

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    The S&P 500 Index ($SPX) (SPY) on Friday closed up +0.05%, the Dow Jones Industrial Average ($DOWI) (DIA) closed up +0.10%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.18%.  March E-mini S&P futures (ESH26) rose +0.03%, and March E-mini Nasdaq futures (NQH26) rose +0.14%.

    Stock indexes recovered from early losses on Friday and settled higher. Falling bond yields were bullish for stocks on Friday after US January consumer prices rose less than expected, which may prompt the Fed to keep cutting interest rates.  The 10-year T-note yield fell to a 2.25-month low of 4.05% on the tame inflation news.

    Also, a recovery in software stocks was supportive of the overall market.  However, metal companies retreated on reports that the Trump administration is working to narrow its tariffs on steel and aluminum products.

    Stocks initially moved lower today, with the S&P 500 and Nasdaq 100 posting 1-week lows.  Worries over AI weighed on stocks and dampened market sentiment.  Concerns have surfaced that the latest tools released by Google, Anthropic, and other AI startups are already good enough to disrupt many sectors of the economy, including finance, logistics, software, and trucking.

    US Jan CPI rose +2.4% y/y, weaker than expectations of +2.5% y/y and the smallest pace of increase in 7 months.  Jan core CPI rose +2.5% y/y, right on expectations and the smallest pace of increase in 4.75 years.

    Q4 earnings season is in full swing, as more than two-thirds of the S&P 500 companies have reported earnings results.  Earnings have been a positive factor for stocks, with 76% of the 371 S&P 500 companies that have reported beating expectations.  According to Bloomberg Intelligence, S&P earnings growth is expected to climb by +8.4% in Q4, marking the tenth consecutive quarter of year-over-year growth.  Excluding the Magnificent Seven megacap technology stocks, Q4 earnings are expected to increase by +4.6%.

    The markets are discounting a 10% chance for a -25 bp rate cut at the next policy meeting on March 17-18.

    Overseas stock markets settled lower on Friday.  The Euro Stoxx 50 closed down by -0.43%.  China’s Shanghai Composite closed down -1.26%.  Japan’s Nikkei Stock 225 fell closed down -1.21%.

    Interest Rates

    March 10-year T-notes (ZNH6) on Friday closed up by +12 ticks.  The 10-year T-note yield fell -4.2 bp to 4.056%.  Mar T-notes climbed to a 2.25-month high on Friday, and the 10-year T-note yield fell to a 2.25-month low of 4.045%.  T-notes recovered from overnight losses and moved higher on the smaller-than-expected US Jan CPI increase, which is dovish for Fed policy.  Also, bond dealer short covering boosted T-note prices as dealers lifted short hedges placed in T-note futures this week to hedge against the $125 billion of T-note and T-bond sales in the Treasury’s quarterly refunding.

    European government bond yields moved lower on Friday.  The 10-year German bund yield fell to a 2.25-month low of 2.753% and finished down -2.4 bp to 2.755%.  The 10-year UK gilt yield slid to a 3.5-week low of 4.404% and finished down -3.6 bp to 4.416%.

    The German Jan wholesale price index rose +0.9% m/m, the largest increase in a year.

    Swaps are discounting a 3% chance of a -25 bp rate cut by the ECB at its next policy meeting on March 19.

    US Stock Movers

    Software stocks rallied on Friday, helping lift the broader market.  Crowdstrike Holdings (CRWD) closed up more than +4%, and ServiceNow (NOW) closed up more than +3%.  Also, Salesforce (CRM), Palantir Technologies (PLTR), and Oracle (ORCL) closed up more than +2%.  In addition, Adobe Systems (ADBE) closed up +0.54%, and Intuit (INTU) closed up +0.32%. 

    Cryptocurrency-exposed stocks rose on Friday after Bitcoin (^BTCUSD) rallied more than +4%.  Coinbase Global (COIN) closed up more than +16% to lead gainers in the S&P 500.  Also, MARA Holdings (MARA) closed up more than +9%, and Strategy (MSTR) closed up more than +8%.  In addition, Riot Platforms (RIOT) and Galaxy Digital Holdings (GLXY) closed up more than +7%.

    Metal companies retreated on Friday on reports that the Trump administration is working to narrow its tariffs on steel and aluminum products.  Century Aluminum (CENX) closed down more than -7%, and Steel Dynamics (STLD) closed down more than -4%.  Also, Cleveland-Cliffs (CLF) and Nucor Corp (NUE) closed down more than -3%, and Alcoa (AA) closed down more than -1%. 

    Tri Point Homes (TPH) closed up more than +26% after being acquired by Sumitomo Forestry for about $4.28 billion, or $47 a share.

    Rivian Automotive (RIVN) closed up more than +26% after reporting Q4 revenue of $1.29 billion, above the consensus of $1.26 billion, and forecasting full-year vehicle deliveries of 62,000 to 67,000, the midpoint above the consensus of 63,402.

    Maplebear (CART) closed up more than +9% after reporting Q4 total revenue of $992 million, stronger than the consensus of $971.8 million.

    Applied Materials (AMAT) closed up more than +8% after reporting Q1 adjusted EPS of $2.38, better than the consensus of $2.21, and forecasting Q2 adjusted EPS of $2.44 to $2.84, stronger than the consensus of $2.29.

    Roku (ROKU) closed up more than +8% after reporting Q4 net revenue of $1.39 billion, above the consensus of $1.35 billion, and forecasting full-year net revenue of $5.50 billion, better than the consensus of $5.34 billion.

    Dexcom (DXCM) closed up more than +7% after reporting Q4 revenue of $1.26 billion, better than the consensus of $1.25 billion.

    Arista Networks (ANET) closed up more than +4% to lead gainers after reporting Q4 revenue of $2.49 billion, better than the consensus of $2.29 billion, and forecasting Q1 revenue of $2.6 billion, above the consensus of $2.39 billion.

    Airbnb (ABNB) closed up more than +4% after reporting Q4 gross booking value of $20.4 billion, better than the consensus of $19.46 billion, and forecasting Q1 revenue of $2.59 billion to $2.63 billion, above the consensus of $2.54 billion.

    Pinterest (PINS) closed down more than -16% after reporting Q4 revenue of $1.32 billion, below the consensus of $1.33 billion, and forecasting Q1 revenue of $951 million to $971 million, weaker than the consensus of $980.9 million.

    DraftKings (DKNG) closed down more than -13% after forecasting full-year revenue of $6.5 billion to $6.9 billion, well below the consensus of $7.32 billion.

    Ryan Specialty Holdings (RYAN) closed down more than -12% after reporting Q4 total revenue of $751.2 million, weaker than the consensus of $774.7 million.

    Bio-Rad Laboratories (BIO) closed down more than -12% after reporting Q4 adjusted EPS of $2.51, below the consensus of $2.71.

    Constellation Brands (STZ) closed down more than -7% to lead losers in the S&P 500 after announcing Nicholas Fink will succeed Bill Newlands as CEO, effective April 13

    Norwegian Cruise Line Holdings (NCLH) closed down more than -7% after CEO Harry Sommer stepped down immediately and was replaced by John Chidsey.

    Expedia Group (EXPE) closed down more than -6% despite posting better-than-expected Q4 earnings after Bloomberg Intelligence warned that AI is “a long-term risk for the broader online travel industry.”

    Earnings Reports(2/17/2026)

    Allegion plc (ALLE), Builders FirstSource Inc (BLDR), Cadence Design Systems Inc (CDNS), Coca-Cola Europacific Partners (CCEP), Devon Energy Corp (DVN), DTE Energy Co (DTE), EQT Corp (EQT), Expand Energy Corp (EXE), FirstEnergy Corp (FE), Genuine Parts Co (GPC), Kenvue Inc (KVUE), Labcorp Holdings Inc (LH), Leidos Holdings Inc (LDOS), Medtronic PLC (MDT), Palo Alto Networks Inc (PANW), Republic Services Inc (RSG), Vulcan Materials Co (VMC).

    On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Barchart.com

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  • Amazon Scraps Partnership With Surveillance Company After Super Bowl Ad Backlash

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    Amazon’s smart doorbell maker Ring has terminated a partnership with police surveillance tech company Flock Safety.

    The announcement follows a backlash that erupted after 30-second Ring ad that aired during the Super Bowl featuring a lost dog that is found through a network of cameras, sparking fears of a dystopian surveillance society.

    But that feature, called Search Party, was not related to Flock. And Ring’s announcement doesn’t cite the ad as a reason for the “joint decision” for the cancellation.

    Ring and Flock said last year they were planning on working together to give Ring camera owners the option to share their video footage in response to law enforcement requests made through a Ring feature known as Community Requests.

    “Following a comprehensive review, we determined the planned Flock Safety integration would require significantly more time and resources than anticipated,” Ring’s statement said.

    “The integration never launched, so no Ring customer videos were ever sent to Flock Safety.”

    In Super Bowl ad, a lost dog is found with Ring’s Search Party feature, which the company says can “reunite lost dogs with their families and track wildfires threatening your community.” The clip depicts the dog being tracked by cameras throughout a neighborhood on using artificial intelligence.

    And viewers took to social media to criticize it for being sinister, leaving many wondering if it would be used to track humans and saying they would turn the feature off.

    The Electronic Frontier Foundation, a nonprofit that focus on civil liberties related to digital technology, said this week that Americans should feel unsettled over the potential loss of privacy.

    “Amazon Ring already integrates biometric identification, like face recognition, into its products via features like “Familiar Faces,” which depends on scanning the faces of those in sight of the camera and matching it against a list of pre-saved, pre-approved faces,” the Foundation wrote Tuesday. “It doesn’t take much to imagine Ring eventually combining these two features: face recognition and neighborhood searches.”

    Copyright 2026 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

    Photos You Should See – Feb. 2026

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  • Trump Administration Reaches a Trade Deal to Lower Taiwan’s Tariff Barriers

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    WASHINGTON (AP) — The Trump administration reached a trade deal with Taiwan on Thursday, with Taiwan agreeing to remove or reduce 99% of its tariff barriers, the office of the U.S. Trade Representative said.

    The agreement comes as the U.S. remains reliant on Taiwan for its production of computer chips, the exporting of which contributed to a trade imbalance of nearly $127 billion during the first 11 months of 2025, according to the Census Bureau.

    Taiwan’s exports to the U.S. will be taxed at a 15% rate or the U.S. government’s “Most Favored Nation” rate, the USTR’s office said.

    Trade Representative Jamieson Greer attended the signing of the reciprocal agreement, which occurred under the auspices of the American Institute in Taiwan and the Taipei Economic and Cultural Representative Office in the United States. Taiwan’s Vice Premier Li-chiun Cheng and its government minister Jen-ni Yang also attended the signing.

    The deal comes ahead of President Donald Trump’s planned visit to China in April and suggests a deepening economic relationship between the U.S. and Taiwan.

    Taiwan is a self-ruled democracy that China claims as its own territory, to be annexed by force if necessary. Beijing prohibits all countries it has diplomatic relations with — including the U.S. — from having formal ties with Taipei.

    Copyright 2026 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

    Photos You Should See – Feb. 2026

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    Analyst Report: Mondelez International Inc.

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  • A Glimmer of Hope for Democracy in Venezuela as Opponents Test the Limits of Free Speech

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    CARACAS, Venezuela (AP) — Andrés Velásquez didn’t stick around to become one more government critic jailed after Venezuela’s 2024 presidential election.

    A former governor who had crisscrossed Venezuela stumping for then-President Nicolás Maduro’s opponent in the disputed race, he grew a thick beard, sent his children into exile and avoided public events that could expose him to arrest.

    But in the aftermath of Maduro’s overthrow by the U.S., he mustered the courage to speak out. First, on Jan. 19, Velásquez, with his new look, appeared in a video in which he expressed support for Maduro’s removal while calling for new elections. Then, a few days later, he stuck his neck out even further, shooting a short video outside the infamous Helicoide prison in the capital, Caracas, to demand the release of all political prisoners.

    “We must dismantle the entire repressive apparatus in the hands of the state,” Velásquez said in the video. “Venezuela will be free!”

    Velásquez isn’t alone. Since Maduro’s ouster, a number of prominent critics have started to emerge from hiding to test the limits of political speech after years of self-imposed silence driven by fear. Regular Venezuelans are also throwing off restraint, with families of jailed activists protesting outside prisons and those freed defying gag orders normally imposed as a condition for release. Meanwhile, media outlets have begun re-opening their airwaves to critical voices banished in recent years.

    The political liberalization, while still incipient, was likened by Velásquez to glasnost, referring to the era of reforms and freer public debate that preceded the collapse of the Soviet Union. But unlike that and other democratic openings, this one is taking place almost entirely under the tutelage of the Trump administration, which has used a combination of financial incentives and threats of additional military strikes to carry out the president’s seemingly improbable pledge to “run” Venezuela from Washington.

    Last week, Rodríguez, a longtime Maduro ally, announced plans for a general amnesty that could lead to the release of hundreds of opposition leaders, journalists and human rights activists detained for political reasons. She also announced the shutdown of Helicoide, vowing to transform the spiral-shaped building — a futuristic architectural icon transfigured into a symbol of Maduro’s dungeons — into a sports and cultural complex for police and residents of surrounding hillside slums.

    “May this law serve to heal the wounds left by the political confrontation fueled by violence and extremism,” she said at an event surrounded by ruling-party stalwarts.

    Pedro Vaca, the top freedom of expression expert for the Inter-American Commission on Human Rights, the region’s most respected rights watchdog, said the few “breadcrumbs” offered by Rodríguez’s administration are no substitute for an independent judiciary and law enforcement.

    “Venezuela’s civic space is still a desert,” said Vaca, who has been trying for months to secure permission from Venezuelan officials to lead an on-the-ground assessment mission to the country. “The few critical voices emerging are seeds breaking through hardened ground, surviving not because freedom exists, but because repression has loosened while remaining ever-present. Let us be clear: this does not mark a democratic turning point.”


    Self-censorship deepens after 2024 election

    Political pluralism was severely eroded in Venezuela after Maduro took over the presidency from the late Hugo Chávez in 2013. Anti-government protests and episodes of civil unrest were regularly crushed by security forces whose loyalty to the self-proclaimed socialist leader proved unflinching if powerless against a far-superior U.S. military.

    The self-censorship deepened following the July 2024 elections, when Maduro launched a wave of repression marked by thousands of arbitrary detentions as he disavowed evidence showing he had lost the contested ballot to the opposition candidate, Edmundo González, by a more than two-to-one margin.

    Dissidents went into hiding, and the few remaining independent news outlets softened their already cautious coverage for fear of being unplugged.

    In an interview with the AP, Velásquez said he will continue to push the envelope of allowed political activity but remains wary because the state’s repressive apparatus continues to be entirely under the control of Rodríguez and her allies.

    “We must continue winning back lost terrain, challenging power. An opportunity has opened up and we can’t let it close again,” he said. “But the biggest obstacle we have to overcome is fear.”

    In the coming weeks, he’s looking to organize a public event with other government opponents who have recently come out of hiding. Among them is Delsa Solórzano, a former lawmaker who was also a fixture of the opposition’s 2024 presidential campaign. Solórzano last week resurfaced publicly at a rare press conference for her party, describing with tears how she had to take Vitamin D to compensate for the lack of sunlight while living clandestinely.

    “I didn’t hide because I committed any crime but because here fighting for freedom became an extremely high risk — to your life, your freedom and your safety,” Solórzano said.


    Rodriguez allies resist political liberalization

    Media outlets have also started flexing more muscle.

    Venevision, which like most private networks dropped coverage critical of the government in recent years, has reopened its airwaves to anti-government voices, covering opposition leader Maria Corina Machado’s every move in Washington since Maduro’s capture.

    Meanwhile, Globovision, the nation’s largest private broadcaster, whose owner is sanctioned by the U.S. for his ties to Maduro, invited back prominent commentator Vladimir Villegas for the first time in years.

    Villegas earned a reputation for deftly navigating Venezuela’s already restricted airwaves by keeping the government’s most hardened opponents off his influential political talk show. But the show was abruptly canceled in 2020 when Villegas criticized Maduro for forcing DirecTV to carry state TV in violation of U.S. sanctions, a move that forced the satellite TV provider — and its assortment of international news outlets — to abandon the country.

    Rodríguez herself hasn’t embraced meaningful public debate of the nation’s problems other than announcing the creation of an advisory commission on political co-existence to be headed by Villegas’ brother, Culture Minister Ernesto Villegas.

    But already some of her allies seem intent on shutting down any criticism. Meanwhile, authorities have yet to restore full access to the social media platform X, which Maduro blocked after its billionaire owner, Elon Musk, accused him of stealing the 2024 vote.

    In response to Venevision’s coverage of Machado’s meeting in Washington with Secretary of State Marco Rubio, Interior Minister Diosdado Cabello — a hardliner wanted by the U.S. on a drug warrant — accused the media of playing into a plot by the Nobel Prize winner to sow chaos in Venezuela.

    “Without media attention, her notoriety fades away. Without headlines, she simply disappears,” Cabello warned on state TV, singling out Venevision’s coverage.

    But even on state TV — long a bastion of pro-government propaganda and ideological control — cracks have started to appear.

    Case in point: Rodríguez’s recent tour of a university campus in Caracas in which she was confronted by a small group of student protesters. While state TV made no mention of the students’ demands, the scene itself — in which a Rodríguez was shown calmly separating from her security entourage to “exchange ideas” with what the broadcaster called activists from “extremist parities” — would have been unthinkable a few weeks ago.

    Under Maduro, even the mildest of criticism was buried on state TV and broadcasts of the president’s frequent rallies and outdoor events stopped airing live after a series of embarrassing disruptions, including a 2016 visit to Margarita Island in which he was driven away by a group of angry, pot-banging protesters.


    Drawing inspiration from jailed activists

    While the outlook for an eventual democratic transition in Venezuela remains unknown, government opponents hope Rodriguez is unleashing forces that are beyond her control. Meanwhile, they continue to draw inspiration from those who suffered repression firsthand.

    Journalist and political activist Carlos Julio Rojas spent 638 days in a Venezuelan prison where, like dozens of other prisoners, he said he was repeatedly handcuffed, denied sunlight and confined to a tiny cell with no bed — sometimes for weeks at a time.

    When he was released last month as part of a goodwill gesture announced by Rodríguez, he says he was instructed to never discuss the abuse.

    His mandated silence lasted barely 15 days.

    “For me, not speaking meant I still felt imprisoned. Not speaking was a form of torture,” said Rojas, who was accused without proof of participating in a 2024 assassination plot against Maduro. “So, today, I decided to remove the gag and speak.”

    Goodman reported from Washington

    This story is part of an ongoing collaboration between The Associated Press and FRONTLINE (PBS) that includes an upcoming documentary.

    Copyright 2026 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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