US Allows Venezuela To Fund Maduro's Defense After Court Challenge

Ferrari Skids As Wartime Disruptions Hit Deliveries Ferrari shares fell as much as 3% in Milan after first-quarter results showed stronger-than-expected profit and cash flow, but the beat was overshadowed by a plunge in deliveries in the Middle East, as the U.S.-Iran conflict disrupted shipments to one of the luxury automaker's key markets. Ferrari's first-quarter results were broadly ahead of expectations on profit, revenue, and cash flow, but deliveries across EMEA, which includes Europe, the Middle East, and Africa, were the clear outlier. Regional shipments fell to 1,458 units, down 14% year...

South Korea Has Several Market Rescue Options As Crash Crushes 700,000 Retailer Traders South Korean market authorities are weighing a more aggressive plan to stabilize the Kospi after July's record selloff sent the main equity index slicing through its 50-, 100- and 200-day moving averages like butter. At the center of the meltdown is retail participation in leveraged ETFs tied to Samsung Electronics and SK Hynix, which amplified the selloff and inflicted crushing losses on Korean households. Korean trader had a $5 million stock portfolio ALL IN Samsung and Hynix. It ended very...

North Korea Rages At Upcoming US Drills: "Rehearsal For Aggressive War" North Korea has issued a severe warning over the upcoming joint military exercise between the United States and South Korea, characterizing it as a rehearsal for an aggressive war and that it is is ready to respond. North Korea's Foreign Ministry described Friday that these planned drills look different, and will be more dangerous, compared to all prior ones of the past-half decade, in that they appear offensive in nature as the exercise will focus on modern warfare tactics. The Associated...