UAE Threatens Military Response After Iran Missile Attack Results In Injuries, Fire At Key Oil Site

Latest Global Sportswear Supply Chain Read-Through Remains Bearish The S&P 500 Textiles, Apparel & Luxury Goods sub-industry index (S5TEXA Index), which includes names such as Nike, Lululemon, Deckers Outdoor, Ralph Lauren, and others, is down 15% year-to-date and roughly 65% from its late 2021 peak. With the index now hovering around Covid-era lows, Goldman analysts have published their latest read on textiles, apparel, and footwear, which explains why sentiment across the global industry remains so bleak.  Analysts led by Michelle Cheng reported that major Asian sportswear OEM March orders were mixed,...

Netanyahu Boasts 70% Of Iran's Steel Production Capacity Destroyed Israeli Prime Minister Benjamin Netanyahu stated in Friday remarks that Israeli airstrikes have wiped out roughly 70% of Iran's steel production capacity, dealing a major blow to its ability to manufacture weapons - from missiles and drones to ships. "Together with our American friends, we continue to crush the terror regime in Iran. We are eliminating commanders, bombing bridges, bombing infrastructures," Netanyahu began in a video statement. Illustrative image, via Steel Radar "In recent days, the Air Force has destroyed 70% of Iran's steel...