US Demanding Iran Shut Down 3 Nuclear Sites, Offering Minimal Sanctions Relief

South Korea Has Several Market Rescue Options As Crash Crushes 700,000 Retailer Traders South Korean market authorities are weighing a more aggressive plan to stabilize the Kospi after July's record selloff sent the main equity index slicing through its 50-, 100- and 200-day moving averages like butter. At the center of the meltdown is retail participation in leveraged ETFs tied to Samsung Electronics and SK Hynix, which amplified the selloff and inflicted crushing losses on Korean households. Korean trader had a $5 million stock portfolio ALL IN Samsung and Hynix. It ended very...

Celsius Shares Crash As Revenue Misses Estimates Celsius Holdings, the Florida-based beverage company with a portfolio of some of America's top-performing energy drinks, reported weaker-than-expected second-quarter results, as revenue, adjusted earnings, and profitability missed Wall Street estimates. Second-quarter adjusted earnings fell to 36 cents per share from 47 cents a year earlier, below the 41-cent Bloomberg Consensus estimate. Revenue increased 11% to $817.9 million but missed the $872.6 million estimate, with North American sales of $790.7 million also falling short. Profitability deteriorated despite sales growth. Gross margin narrowed to 48.1% from...

EPA Repeals Biden-Era Carbon Rules For Power Plants As previewed here yesterday, late on Monday the Environmental Protection Agency (EPA) said that it finalized a rule repealing most of the carbon-emission limits for coal- and natural gas-fired power plants and proposed a separate measure that could restrict similar regulations in the future. Appropriately, the Sept. 14 announcement came at the G20 energy event in Houston.  The EPA projects that the two actions announced on Sept. 14 would save about $310.4 billion if the proposed repeal is finalized. EPA Administrator Lee Zeldin said the...