US Officials: Ceasefire Extension Not Open-Ended

Defense Stocks Fall Out Of Favor. Polymarket Might Have The Answer As To Why The S&P Aerospace & Defense Select Industry Index is little changed year to date, despite conflicts across Eurasia and expectations that a coming rearmament cycle will substantially boost missile and bomb production. The muted performance highlights a disconnect between investor appetite and the Trump administration's anticipated expansion of defense production. Allyson Gordon, UBS head of Americas sector specialists, explained in a note to clients on Thursday that US aerospace and defense stocks were being weighed down by...

Saudi Arabia Public Investment Fund To Stop Funding LIV Golf After 2026 Season LIV Golf is preparing to inform players and staff that its main financial backer, Saudi Arabia’s Public Investment Fund, will stop funding the league after the 2026 season, according to Golfweek. The announcement—expected midweek—would open the door for CEO Scott O'Neil to pursue new investment to keep the tour running. Since launching in 2022 as a challenger to the PGA Tour, the circuit has reportedly burned through more than $5 billion while failing to gain meaningful U.S. viewership....

President Donald Trump announced on Truth Social that the United States would impose a total blockade of the Strait of Hormuz. In a second post, he claimed that talks with Iran collapsed because Tehran was unwilling to commit to not developing nuclear weapons.  “Effective immediately, the United States Navy, the Finest in the World, will […]