iShares Inc iShares MSCI Mexico ETF (ARCA: EWW)

iShares Inc iShares MSCI Mexico ETF (ARCA:EWW), Trade Ideas

iShares Inc iShares MSCI Mexico ETF

iShares MSCI Mexico Capped Investable Market Index Fund

Natural Gas Fun Up Nearly 20% As The Utility Spikes - Small-Cap ETF Winners And Losers: Returns

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We performed a screening of small-cap ETFs, defined as having Assets Under Management (AUM) between $400 million and $2 billion - to determine what funds had the largest positive and negative returns on the week, according to data from etfdb.com. Only non-leveraged funds were considered.

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Select Sector SPDR-Consumer Discretionary

Investors Cheer Jobs Report: Why Are These 5 Stocks And 5 ETFs Shining On Friday?

mexico

Latin America

Emerging Markets

Fomento Economico Mexicano S.A.B. De C.V.

Fiesta Time: Mexican Stocks Topple 2014 Highs And Peso Soars To Best Level Since 2015

<a href="https://www.audacy.com/talk1370/news/business/cannabis-seizures-at-checkpoints-by-us-mexico-border-frustrates-state-authorized-pot-industry?utm_source=dlvr.it&amp;utm_medium=twitter">https://www.audacy.com/talk1370/news/business/cannabis-seizures-at-checkpoints-by-us-mexico-border-frustrates-state-authorized-pot-industry?utm_source=dlvr.it&amp;utm_medium=twitter</a>
The U.S. Border Patrol is asserting its right to seize cannabis shipments — including commercial, state-authorized supplies — as licensed cannabis providers file complaints that more than $300,000 worth of marijuana has been confiscated in recent months at highway checkpoints in southern New Mexico.
New Mexico's Democratic governor says the disruptions prompted a discussion this week with U.S. Homeland Security Secretary <a href="https://apnews.com/hub/alejandro-mayorkas">Alejandro Mayorkas</a>, whose impeachment charges were dismissed this week. Gov. Michelle Lujan Grisham says she voiced concerns that the scrutiny of cannabis companies appears to be greater in New Mexico than <a href="https://apnews.com/article/420-history-marijuana-07ecdd87c4756cc4a1dbd4ad3b1f682c">states with regulated markets</a> that aren't along the U.S. border with Mexico.
Authorized cannabis sales in New Mexico have exceeded $1 billion since regulation and <a href="https://apnews.com/article/health-business-texas-new-mexico-marijuana-f786a646543955f1db4a9e51cee79e8c">taxation of the recreational market</a> began two years ago. Yet cannabis transport drivers say they have been detained hours while supplies are seized at permanent Border Patrol checkpoints that filter inbound traffic for unauthorized migrants and illegal narcotics, typically located about 60 miles (100 kilometers) from the U.S. border.
"Secretary Mayorkas assured the governor that federal policies with respect to legalized cannabis have not changed," said Lujan Grisham spokesperson Michael Coleman in an email. "Regardless, the governor and her administration are working on a strategy to protect New Mexico's cannabis industry."
Managers at 10 cannabis businesses including transporters last week petitioned New Mexico's congressional delegation to broker free passage of shipments, noting that jobs and investments are at stake, and that several couriers have been sidelined for "secondary inspection" and fingerprinted at Border Patrol checkpoints.
"We request that operators who have had product federally seized should be allowed to either get their product returned or be monetarily compensated for the losses they've sustained," the letter states.
U.S. Sen. Martin Heinrich said the Department of Homeland Security should be focused on urgent priorities that don't include cannabis suppliers that comply with state law.
"Stopping the flow of illicit fentanyl into our country should be the Department of Homeland Security's focus at these checkpoints, not seizing cannabis that's being transported in compliance with state law," the senator said in a statement, referring to the parent agency for U.S. Customs and Border Patrol. "New Mexicans are depending on federal law enforcement to do everything they can to keep our communities safe. Our resources should be used to maximize residents' safety, not distract from it."
A public statement Thursday from the U.S. Border Patrol sector overseeing New Mexico provided a reminder that cannabis is still a "Schedule 1" drug, a designation also assigned to heroin and LSD.
"Although medical and recreational marijuana may be legal in some U.S. States and Canada, the sale, possession, production and distribution of marijuana or the facilitation of the aforementioned remain illegal under U.S. federal law," the agency's statement said. "Consequently, individuals violating the Controlled Substances Act encountered while crossing the border, arriving at a U.S. port of entry, or at a Border Patrol checkpoint may be deemed inadmissible and/or subject to, seizure, fines, and/or arrest."
Matt Kennicott, an owner of Socorro-based High Maintenance, a cannabis business, said seizures by Border Patrol started in February without warning and create uncertainty about shipments that include samples for consumer-safety testing. He said cannabis producers in southernmost New Mexico rely on testing labs farther north, on the other side of Border Patrol checkpoints, to comply with safeguards against contaminants like mold or pesticides.
"It's not a little confusing, it's a lot confusing," he said. "We're trying to figure out where this directive came from."

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'Cannabis Seizures At Checkpoints By U.S.-Mexico Border Frustrates State-Authorized Pot Industry' - Audacy Citing AP

BYDDF

XPEV

Reuters Reported Mexico Under U.S. Pressure To Withhold Incentives From Chinese EV Makers, Denying Low-Cost Land And Tax Cuts

U.S. State Department Announces New Partnership With Mexico To Explore Semiconductor Supply Chain Opportunities

<a href="https://business.amazon.com/en/discover-more/blog/amazon-business-mexico-launch-announcement" title="https://business.amazon.com/en/discover-more/blog/amazon-business-mexico-launch-announcement">https://business.amazon.com/en/discover-more/blog/amazon-business-mexico-launch-announcement</a>

Amazon Launches Amazon Business In Mexico To Serve The Sourcing Needs Of Companies Of All Sizes

Politics

General

U.S. Supreme Court Justice Samuel Alito Extends Temporary Pause On Texas Law Allowing State Law Enforcement To Arrest People Suspected Of Illegally Crossing U.S.-Mexico Border

Amazon Web Services Mexico (AWS), a unit of Amazon.com Inc, announced on Monday it will invest over $5 billion to open a cluster of data centers in Mexico, amid growing demand for cloud services as more firms adopt new technologies.
The cluster will be built in the Mexican state of Queretaro, Ruben Mugartegui, head of Amazon Web Services Mexico unit, told Reuters in an interview, adding the investment will be spread through the next 15 years.
The company has been working on this project for more than five years, Mugartegui said.
AWS currently serves clients such as Mexican theater operator Cinepolis, stock exchange BIVA, airline Aeromexico, and local governments.
Cloud computing helps companies access technology services such as storage and databases through the internet, ending the need to own and maintain physical data centers and servers. Companies can cut technology costs by around 20% when they use AWS, Mugartegui said, citing a study.
Amazon has invested over 52 billion pesos ($3.04 billion) in Mexico since its arrival to the country in 2015.
The new investment comes in the midst of so-called nearshoring, the trend of companies relocating businesses from Asia closer to the United States following disruptions in supply chains caused by the COVID-19 pandemic.
The Mexican government has aimed to lure companies to invest in the country with initiatives such as a decree issued last year granting tax incentives for firms wanting to move operations to Mexico.
Mugartegui declined to say if Amazon received any fiscal benefits, but noted the company has worked closely and efficiently with the government and that firms relocating to Mexico are among the candidates to become new clients.
Carmaker Tesla announced last year it will build a factory in Mexico. Local authorities approved $153 million in incentives for Tesla and have said its investment will stand at over $5 billion.

Contracts

Amazon's AWS To Invest More Than $5B In Mexico For Cluster Of Data Centers

<a href="https://www.bloomberg.com/news/articles/2024-02-14/tesla-tsla-courts-chinese-ev-suppliers-to-mexico-stoking-fears-in-dc?srnd=all" title="https://www.bloomberg.com/news/articles/2024-02-14/tesla-tsla-courts-chinese-ev-suppliers-to-mexico-stoking-fears-in-dc?srnd=all">https://www.bloomberg.com/news/articles/2024-02-14/tesla-tsla-courts-chinese-ev-suppliers-to-mexico-stoking-fears-in-dc?srnd=all</a>

Tech

TSLA

Bloomberg Reported Elon Musk Invited Chinese Suppliers To Mexico To Replicate The Local Supply Chain At Tesla's Shanghai Plant

<a href="https://www.whitehouse.gov/briefing-room/statements-releases/2023/12/16/joint-press-statement-on-nuclear-consultative-group-meeting/" title="https://www.whitehouse.gov/briefing-room/statements-releases/2023/12/16/joint-press-statement-on-nuclear-consultative-group-meeting/">https://www.whitehouse.gov/briefing-room/statements-releases/2023/12/16/joint-press-statement-on-nuclear-consultative-group-meeting/</a>

White House Said Any Nuclear Attack By North Korea Against The United States Or Its Allies Is Unacceptable And Will Result In The End Of The Kim Regime

Global

U.S. Treasury's Yellen Says Cross Border Payments Cooperation With Mexico Is 'Not About China'

<a href="https://home.treasury.gov/news/press-releases/jy1964" title="https://home.treasury.gov/news/press-releases/jy1964">https://home.treasury.gov/news/press-releases/jy1964</a>

U.S. Treasury's Yellen Says U.S., Mexican Financial Teams Discussed Possibility Of More Deeply Integrating Cross Border Payments Systems

U.S. Treasury's Yellen Says Agreement Recognizes Importance Of Mechanisms To Address National Security Risks From Foreign Investment In Certain Technologies, Critical Infrastructure, Sensitive Data

U.S. Treasury's Yellen Says Not Trying To Preclude Chinese Investment In Mexico That Does Not Raise National Security Concerns; Agreement Recognizes Importance Of Maintaining Open Investment Regimes, Importance Of U.S.-Mexico Relationship

U.S. Treasury Says Mexican Finance Ministry Sign Agreement To Affirm Importance Of Investment Screening In Protecting National Security; Mexico Agree To Form Working Group To Exchange Technical Information, Share Best Practices On Investment Screening

Biotech

Legal

Treasury Secretary Yellen Says Beltran Leyva Organization One Of The Largest Suppliers Of Cocaine In U.S., Now Heavily Involved In Manufacturing, Trafficking Fentanyl

U.S. Treasury Imposes OFAC Sanctions On An Additional 15 Individuals, Two Mexican Companies Associated With Mexico's Beltran Leyva Organization

- Reuters Citing Quarterly Report

Bank Of Mexico Forecasts 2023 GDP Growth At 3.3% From 3.0% In Previous Report

Musk's Starlink Secures Contract With Mexico Govt For Up To 1.56B Pesos To Offer Free Internet In The Country Until The End Of 2026

Mexico President Says Minimum Wage Hike For Next Year Will Be Considerable

<a href="https://www.dol.gov/newsroom/releases/ilab/ilab20231026">https://www.dol.gov/newsroom/releases/ilab/ilab20231026</a>
16th request under the USMCA's Rapid Response Labor Mechanism
WASHINGTON&nbsp;–&nbsp;The U.S.-Mexico-Canada Agreement's Interagency Labor Committee for Monitoring and Enforcement today requested a review from the government of Mexico of the Tecnología Modificada facility in Nuevo Laredo, based on its investigation of a denial of workers' rights.&nbsp;
The facility is operated by a subsidiary of Caterpillar Inc., one of the world's leading manufacturers of construction and mining equipment, and other products.
The U.S. Department of Labor and U.S. Trade Representative co-chair the Interagency Labor Committee.
The request follows a Sept. 25, 2023, petition filed under the USMCA's Rapid Response Labor Mechanism by the National Independent Union of Industry and Service Workers "20/32 Movement"&nbsp;alleging that the company unlawfully terminated a worker for union organizing and that the company engaged in several actions that interfered with union activities.&nbsp;
A U.S. government investigation found evidence supporting the allegations, leading to the request for review.
"We take very seriously the allegations of employer interference in union activities in this case, including the firing of a worker for organizing. These acts undermine workers' rights and the development of free and independent unions. The Mexican Labor Reform and the USMCA Rapid Response Mechanism were designed to address exactly this type of incident," said Deputy Undersecretary for International Affairs Thea Lee. "We look forward to working closely with the government of Mexico to find solutions to these issues and build on our positive track record."&nbsp;
Sufficient and credible evidence supporting the denial of workers' rights by&nbsp;Tecnología Modificada allowed the committee to invoke the USMCA's Rapid Response Labor Mechanism.
"Workers are entitled to organize for and select the union of their choice without retaliation or interference from their employer." said Ambassador Katherine Tai. "Today's action demonstrates the United States' steadfast commitment to using the RRM to safeguard workers' exercise of these fundamental rights. &nbsp;We look forward to working closely with the Government of Mexico to resolve the issues present in this matter."
Mexico's government has 10 days to decide whether to conduct a review and 45 days to investigate the claims and present its findings.&nbsp;
The Tecnología Modificada facility in Nuevo Laredo refurbishes electronic mechanical parts used in Caterpillar tractors, earth movers and other heavy equipment.&nbsp;
<a href="https://www.dol.gov/agencies/ilab">Learn more about the department's international work.</a>

U.S. Department Of Labor, Office Of The Trade Representative Seek Review By Mexican Government Into Alleged Labor Rights Denial At Nuevo Laredo Plant; Seeks Mexico's Review Of Alleged Denial Of Workers' Rights At Tecnología Modificada Caterpillar Facility

U.S. Offers Temporary Legal Status To Migrant Families Separated Under Trump-Era Border Policy; U.S. Settlement Bars Similar Policies That Separate Migrant Families At U.S.-Mexico Border

EWW: No Wall Of Worry Here, Mexico ETF Still Looking Up

EWZ: High Return, Cheap Valuation And Prominent Position - Buy

Weekly Commentary: On Currency Watch Following Melt-Up Q1 2024

In the last week of March, the financial markets witnessed a series of dynamic shifts and trends. This review not only delves into the specifics of these changes, but also sheds light on facts that characterize the current financial landscape.

Financial Leaders - Review Of March 25-29

MXF: Expect Consolidation For Mexico Stocks As Worries Emerge In 2024

Emerging Market Insights: Seeds Of Optimism

This weekly Extreme Positions report highlights the Most Bullish and Most Bearish Positions for the speculator category. Extreme positioning in these markets can foreshadow strong moves in the underlying market.

Speculator Extremes: Silver, Gasoline & Peso Lead Bullish & Bearish Positions

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Speculator Extremes: Silver, Peso & Coffee Lead Bullish Positions

In this week's video, we'll review the latest charts and data to help us answer the question are the Bears back in business.