House Narrowly Defeats Iran War Powers Resolution as Thousands More US Troops Head to Middle East

Nike Plunges On Slashed Outlook As UBS Warns Against Catching A Falling Knife Nike shares are down nearly 10% in pre-market trading in New York after the struggling athletic footwear and apparel company warned its sales slump will deepen and unveiled a restructuring that will eliminate jobs. As of Thursday's close, year-to-date performance had been absolutely abysmal, with shares down 45%. The extended decline could now put the stock on track for its worst annual loss on record. The decline follows the sportswear giant's earnings release after hours on Thursday, when it...

Wealth Exodus: Australians Flock To Property Investment Over Business Authored by Rex Widerstrom via The Epoch Times, Fewer Australians are putting their capital into businesses, with the drop most acute among the wealthy, new data from the Committee for Economic Development of Australia (CEDA) shows. Instead, more wealth is flowing into property. A food delivery worker waits to collect an order at a shop in the Sydney CBD in Sydney, Australia, on Aug. 15, 2026. George Chan/Getty Images The proportion of working-age Australians who run a business which employs people fell from 13.8...

Iran’s Islamic Revolutionary Guard Corps (IRGC) Navy said on Thursday that its forces struck four oil tankers that were transferring oil in the Strait of Hormuz and that another three ships struck mines as oil prices reached an 11-month high. The IRGC Navy warned that US bases would be targeted in the region if the […]