Two Killed by US Missile Strike on Boat in the Eastern Pacific

"Buffers Running Down Quickly": HSBC Warns Next Global Food Shock Brewing Warnings on Wall Street about a confluence of stressors building deep within global agricultural supply chains are growing louder by the week, raising the risk of a food crisis next year. JPMorgan analysts warned last week that the next global food crisis "won't be short-lived." HSBC analysts sounded a similar alarm, pointing to tightening grain supplies, El Niño, disruptions at maritime chokepoints, and a supply "squeeze" sending grain prices soaring. HSBC economist Jamie Culling, who covers Australia, New Zealand, and global commodities,...

Bernstein Puts Timeline On When EU Rearmament Supercycle "Goes Boom" Readers by now know how we've laid out the looming rearmament supercycle in the West colliding with the "own the bottlenecks" theme, as resource nationalism makes industrial metals and rare earths scarce because of Beijing's export restrictions. Adrien Rabier, Bernstein's equity analyst covering European aerospace and defense, penned a note on Tuesday explaining why the European defense rearmament cycle remains a top investment theme and even outlined a timeline. In a report titled "European Defense: Beyond the order boom," Rabier said...