Trump’s Easter Ultimatum: Open the (Expletive) Strait or Else

Kuwait “mistakenly” shot down three U.S. F-15 fighter jets on Sunday after strikes were launched against Iran one day earlier, according to U.S. Central Command (Centcom).

LVMH Posts Biggest Quarterly Drop Since Dot-Com; UBS Sees Luxury Opportunity LVMH, the owner of Louis Vuitton, Christian Dior, Fendi, Bvlgari, Moët & Chandon, and dozens of other luxury brands, just posted its worst quarter since the dot-com bust era, making it the worst-performing European luxury stock this year as demand for luxury handbags, shoes, watches, perfumes, and wines continues to soften amid an intensifying Middle East conflict. LVMH shares in Paris tumbled 28% in the first quarter, exceeding quarterly declines seen during Covid and the 2008 financial crisis,...