Business
Hezbollah pays steep price in battle to reverse its fortunes
The move has brought severe political consequences, too. In Beirut, opposition has hardened to its status as an armed group, which domestic rivals see as exposing Lebanon to repeated wars with Israel.
In April, Lebanon’s government held face-to-face talks with Israel for the first time in decades, a decision Hezbollah firmly opposed.
However, more than a dozen Hezbollah officials told Reuters they see a chance to reverse deteriorating fortunes by aligning with Tehran in its war with Israel and the United States. The group, founded by Iran’s Islamic Revolutionary Guard Corps in 1982, opened fire two days into the conflict, which began with U.S. and Israeli strikes on Iran on February 28.
The group’s calculations are based on the assessment that its participation would force Lebanon onto the agenda of U.S.-Iranian negotiations, and that Iranian pressure can secure a more robust ceasefire than one that took effect in November 2024 following a conflict sparked by the war in Gaza, the officials said.
Hezbollah was mauled in the last war, which killed its leader, Hassan Nasrallah, along with some 5,000 fighters, and weakened its long-dominant hold over the Lebanese state.
Rearmed with Iranian help, it has used new tactics and drones, surprising many with its capabilities after a fragile 15-month truce during which Hezbollah held fire, even as Israel continued to kill its members. Hezbollah lawmaker Ibrahim al-Moussawi denied the group was acting on Iran’s behalf when it resumed hostilities, as alleged by opponents. He told Reuters Hezbollah saw a window to “break this vicious cycle … where the Israelis can target, assassinate, bombard, kill, without any revenge.”
He acknowledged losses and damage in southern Lebanon but said “you don’t go into making calculations of how many are going to be killed” when “pride and sovereignty and independence” are at stake.
While a U.S.-mediated ceasefire that took effect on April 16 has led to a significant reduction in hostilities, Israel and Hezbollah have continued to trade blows in the south, where Israel maintains troops in a self-declared “buffer zone”.
Yezid Sayigh, a senior fellow at the Carnegie Middle East Center in Beirut, said Hezbollah had “shown more resilience than many thought possible, but that was not a strategic gain in itself”.
“The only thing that will contain Israel is a comprehensive U.S.-Iran deal,” he said. “Without a deal, there’s going to be a lot of pain for everyone. At best, a hurting stalemate.”
GRAVES FRESHLY DUG, AND QUICKLY FILLED
More than 2,600 people have been killed since March 2, around a fifth of them women, children and medics, Lebanon’s health ministry has reported. Its toll does not distinguish between civilians and combatants.
Three sources, two of them Hezbollah officials, said the ministry’s figures do not include many of the group’s casualties. They said several thousand Hezbollah fighters have been killed, though the group does not have the full picture yet.
Hezbollah’s media office said the figure of several thousand was inaccurate, but the group does not have the full toll. It referred Reuters to the health ministry’s figures.
One source, a Hezbollah commander, said scores of fighters had gone to the frontline towns of Bint Jbeil and Khiyam intending to fight to the death. Their bodies have yet to be recovered.
In the Hezbollah-controlled southern suburbs of Beirut, more than two dozen freshly dug graves were quickly filled with fighters’ bodies in the days after the ceasefire took hold. Simple marble tombstones identify some as commanders, others as fighters.
In one southern village alone, Yater, the council recorded the deaths of 34 Hezbollah fighters.
Lebanon’s Shi’ite Muslim community has borne the brunt of Israel’s attacks, forced to flee into Christian, Druze and other areas, where many blame Hezbollah for starting the war.
Israel has been entrenching its hold over a security zone stretching as far as 10 km (6 miles) into Lebanon and demolishing villages, saying it aims to shield northern Israel from attacks by Hezbollah militants embedded in civilian areas.
An Israeli government official said Hezbollah had abrogated the November 2024 ceasefire by firing on Israeli citizens on March 2. The threat to northern Israel would be eradicated, the official said, adding thousands of Hezbollah militants had been killed, and Israel was steadily destroying the group’s infrastructure.
The Israeli military says Hezbollah has fired hundreds of rockets and drones at Israel since March 2. Israel has announced 17 soldiers killed in southern Lebanon, along with two civilians in northern Israel.
Citing ongoing Israeli strikes, Hezbollah has called the April ceasefire meaningless and continued to attack.
IRAN ‘WILL NOT SELL’ THEIR FRIENDS
A diplomat who has contact with Hezbollah described its decision to enter the war as a big gamble and a survival strategy, saying it felt it needed to be part of the problem so it could be part of an eventual regional solution.
It has yet to be seen if the gamble will pay off.
Tehran has demanded that Israel’s campaign against Hezbollah be included in any deal on the wider war. But Trump said last month that any deal Washington reaches with Tehran “is in no way subject to Lebanon”.
A spokesperson for Pakistan’s Foreign Ministry, Tahir Andrabi, referred Reuters to an April 16 statement in which he said peace in Lebanon was essential to the talks it is mediating between the U.S. and Iran.
A Western official said they saw a possibility the U.S. and Iran might eventually reach a settlement that does not address the war in Lebanon.
Asked about this, the U.S. State Department, Iran’s mission to the United Nations in Geneva and Lebanon’s government did not immediately comment.
Hezbollah’s Moussawi said a ceasefire in Lebanon continues to be a top priority for Iran, adding Tehran shares Lebanon’s objectives, including that Israel halt attacks and withdraw from Lebanon. Hezbollah has “full trust in Iran – that the Iranians will not sell their own friends”, he said.
The State Department referred Reuters to an April 27 interview Secretary of State Marco Rubio did with Fox News, in which he said Israel had a right to defend itself against Hezbollah’s attacks, and that he didn’t think Israel wanted to maintain its buffer zone in Lebanon indefinitely.
The United States has urged Israel “to make sure their responses are proportional and targeted,” he said.
When the April 16 ceasefire was announced, Israeli Prime Minister Benjamin Netanyahu said Hezbollah’s disarmament would be a fundamental demand in peace talks with Lebanon.
Hezbollah has ruled out disarmament, saying the matter of its weapons is a topic for a national dialogue. Any move by Lebanon to disarm the group by force would risk igniting conflict in a country shattered by civil war from 1975 to 1990.
Lebanon’s President Joseph Aoun and Prime Minister Nawaf Salam have sought Hezbollah’s peaceful disarmament since last year. On March 2, the government banned the group’s military activities.
Hezbollah has demanded the government cancel that decision and end its direct talks with Israel.
Lebanese officials have told Reuters they believe direct talks with Israel under the auspices of the U.S. are the best way to secure a lasting ceasefire and the withdrawal of Israeli troops, as only Washington has enough leverage with Israel to achieve those aims.
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Rosenose is a retired healthcare professional and she has been managing her own investments for nearly 2 decades. She writes about stocks with growing dividends targeting a yield of 4+%. She is a contributing author to the investing group Macro Trading Factory where she manages the Rose’s Income Garden portfolio – a diversified portfolio with 80+ stocks from all 11 sectors which targets rising safe income and capital maintenance. The service also has the Funds Macro Portfolio managed by the Macro Teller which aims to outperform the SPY market on a risk-adjusted basis. Both portfolios are easy to follow and have a focus on quality investments, risk management, and diversification. Learn more.
Analyst’s Disclosure: I/we have a beneficial long position in the shares of XEL either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
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Winning Numbers Drawn as Jackpot Resets to $20 Million
NEW YORK — No ticket matched all six numbers in Saturday’s Powerball drawing, leaving the jackpot to reset at an estimated $20 million for the next draw as players across the country checked their tickets against the winning combination of 25, 37, 42, 52 and 65, with Powerball 14 and a Power Play multiplier of 3X. The drawing, held at 10:59 p.m. ET on May 2, 2026, followed a $143 million jackpot shared by winners in Indiana and Kansas on April 29.
The absence of a grand-prize winner means the annuity option starts at $20 million, with the cash value approximately $9 million. Powerball officials confirmed the results shortly after the live drawing, which is broadcast nationwide and available for verification on state lottery websites. Players have one year from the drawing date to claim any prizes, depending on state rules.
Saturday’s numbers continued a pattern of moderate jackpots following larger wins. The previous drawing on April 29 produced two jackpot-winning tickets, splitting the $143 million prize. That windfall reset expectations for May 2, drawing millions of hopeful players seeking to claim the next big payout. Odds of hitting the jackpot remain approximately 1 in 292 million, underscoring the game’s long-shot nature.
Lower-tier prizes offered more accessible wins. Matching five white balls without the Powerball paid $1 million, with the Power Play multiplier boosting some prizes to $2 million. Thousands of players won smaller amounts ranging from $4 to several thousand dollars by matching fewer numbers. Exact prize payouts and winner counts will be updated by individual state lotteries in the coming days.
Powerball, administered by the Multi-State Lottery Association, continues to generate billions in revenue annually for participating states, funding education, infrastructure and other public programs. Saturday’s drawing contributed to that total as ticket sales surged ahead of the weekend. The game’s popularity persists despite slim odds, fueled by dreams of life-changing wealth and the thrill of anticipation.
For players in states like Florida, California and New York, local lottery sites provided immediate result checks. No major winner claims were reported immediately after the drawing, consistent with typical patterns where larger prizes require verification and public announcement. Past winners have ranged from everyday workers to groups pooling resources for bigger odds.
The reset to $20 million sets the stage for a potential rollover streak if the next several drawings fail to produce a winner. Analysts note that moderate jackpots often build excitement steadily, leading to larger sales as the prize climbs. Powerball drawings occur Monday, Wednesday and Saturday, giving players regular opportunities to participate.
Experts advise responsible play. Lottery officials emphasize that Powerball is entertainment, not investment, with the vast majority of players never winning significant prizes. Tips for participants include setting a budget, avoiding chasing losses and treating any win as a bonus rather than expected income. Financial advisers recommend consulting professionals for large prizes to navigate taxes and long-term planning.
Saturday’s results come amid broader discussions about lottery modernization. Some states have explored digital innovations, expanded prize structures and responsible-gaming initiatives. Powerball’s core format — five white balls from 1 to 69 and one red Powerball from 1 to 26 — remains unchanged, providing familiarity while Power Play adds multiplier excitement.
Community impact from lottery proceeds remains significant. Funds support scholarships, veterans’ programs, environmental projects and more across participating jurisdictions. While critics question the regressive nature of lottery participation, supporters highlight voluntary contributions and public benefits derived from ticket sales.
As players scan tickets from Saturday’s drawing, attention shifts to the next opportunity on Monday. The $20 million starting point offers a fresh beginning after the recent shared jackpot. Whether the prize rolls over or produces another winner, Powerball continues captivating audiences with its blend of chance and hope.
For official verification, players should consult state lottery websites or authorized retailers. Results are also available through the Powerball app and national broadcasting partners. Those holding winning tickets are encouraged to sign the back, secure the ticket and contact their state lottery for claim instructions.
The May 2 drawing serves as a reminder of the game’s unpredictability. While no one claimed the top prize this time, smaller winners across the country celebrated modest victories that can still provide meaningful boosts. As the jackpot builds again, millions will dream of what they might do with a life-altering sum.
Powerball’s enduring appeal lies in its simplicity and the universal desire for financial freedom. Saturday’s results, while disappointing for jackpot hopefuls, keep the excitement alive for the next draw. Players are already preparing strategies and selecting numbers, hoping fortune smiles on them in the coming week.
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My name is Andres Veurink and I have been in the financial markets for over a decade at this point, spending the majority of that in a hedge fund here in Rotterdam, working my way up as an analyst. My work relfect rigourious standards as I myself have a very high standard as to what I invest my money in. My preferred sectors to follow are tech, specifically SaaS and cloud business but recently I’ve also taken up an interest in writing about the energy and minerals sectors, two areas I’m quite familiar with having followed them for over a decade at this point. I find these offer incredible growth opportunities and are also very fun to research and follow. It’s a very active space with plenty of news coming out each week. Work is my own thoughs and research is done only by myself.
Analyst’s Disclosure: I/we have a beneficial long position in the shares of CSTM either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
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