Phantom Ayatollah? Iran's New Supreme Leader Has Never Been Seen Since Taking Office

Red Sea Redux: Saudis Call For 'Coalition Of The Willing' To Protect Shipping From Houthis Here we go again... after months ago President Trump urgently pushed for an international naval alliance to 'open' the Strait of Hormuz amid the Iran war, which was met with at the time with a collective cold shoulder from European allies, the Saudis are newly pitching the same to open up the Bab al Mandab Strait. "Saudi Arabia is seeking to build an international coalition to protect shipping in the Red Sea from Houthi attacks, say...

Nestle Shares Plunge Most Since Dot-Com Bust As Weak Volume Shatters High Hopes Of Turnaround Nestlé shares in Switzerland tumbled the most in 24 years after North American sales volumes unexpectedly contracted, undercutting investor confidence in CEO Philipp Navratil's turnaround efforts. Organic sales rose a better-than-expected 3.7% in the second quarter, but real internal growth in North America fell 0.6%, while an infant formula recall and the Gulf conflict weighed on operations. "Given the rally, we don't think the real internal growth print is quite good enough and expect some profit taking,"...

Trump Admin Kicks Off American Nuclear Renaissance With $17.5 Billion Loan Program For Reactor Projects With hyperscalers set to spend roughly $800 billion on data-center capex this year alone, alongside reshoring and broader grid electrification, baseload power demand is poised to surge. We have made the case that intermittent solar and wind are no match for the scale and reliability requirements of the modern economy, and that nuclear power is emerging as the clean, always-on power source needed to power the AI era. The Wall Street Journal reports Tuesday morning that the...