Minesweepers, Missiles, Reactors, And Oil Reserves: Trump Expected To Press Japan During Oval Office Showdown

The US military’s top general said on Tuesday that Iran’s recent attacks in the region were “below the threshold” of the US restarting its bombing campaign against the Islamic Republic, as the US continues to downplay the flare-ups in the Strait of Hormuz that occurred a day earlier. “Since the ceasefire was announced, Iran has […]

UBS Warns America's Restaurants Locked In "Difficult Cycle" As Tax-Refund Sugar-High Fades There is certainly a growing consensus on Wall Street that the tax-refund sugar high is fading just as consumers' financial profiles deteriorate. The latest read-through comes from UBS analyst Dennis Geiger, the bank's U.S. restaurants equity research analyst, who warns that a toxic cocktail of macro pressures is likely to crimp restaurant spending in the second half of the year. Geiger warned in a note that elevated gas prices at the pump appear to be offsetting tax-rebate benefits, while...