"The Situation Is Dire": Half Of Available Global LNG Tankers Are Trapped In The Persian Gulf

KeyBanc Downgrades Apple On New Growth Slowdown Fears Apple shares fell 1% in premarket trading after KeyBanc Capital Markets downgraded the iPhone maker to "Underweight" from "Sector Weight" and set a 12-month price target of $250. This implies roughly a 21% decline from Monday's close, putting the stock in bear-market territory. The downgrade by KeyBanc analysts Brandon Nispel and John Vinh is based on a widening disconnect between Apple's valuation and its underlying growth outlook. They cite soaring memory chip prices, which are pushing iPhone, Mac, and iPad prices higher. This...

House Effort To End Trump's Iran War Fails By One Vote: Guess The Lone GOP Dissenter Two parallel war-related votes in the House and Senate reveal growing dismay and political fractures over President Trump's Iran war, as the Strait of Hormuz remains locked down and ceasefire still seems distant. The Republican-controlled House voted Thursday to reject a resolution ordering the White House to end the war with Iran, as Memorial Day approaches and Americans are anxious over gas prices and general rising costs at the grocery store. The vote was 213-214, almost entirely...

Treasury Secretary Scott Bessent announced a new economic war against Iran dubbed Operation Economic Outcast. “At President Trump’s direction, the United States Treasury has begun Operation Economic Outcast, an unprecedented campaign against the Islamic Republic of Iran and its enablers,” Bessent said on Monday. “In the Second World War, D-Day marked the historic beginning of […]