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UBS Says Transport Stock Rout Is "Overdone" After Amazon News
UBS Says Transport Stock Rout Is "Overdone" After Amazon News
UBS senior analyst Tom Wadewitz, who covers freight transportation, told clients that Amazon's latest push to open its supply chain network to businesses beyond its own marketplace triggered an "overdone" sell-off in transport names, including UPS, FedEx, and C.H. Robinson.
Wadewitz said the risk is not new, noting that Amazon's supply chain service has been around since 2023. He said the pullback has created attractive entry points in select transport stocks, particularly UPS, FedEx, and C.H. Robinson.
"While we view AMZN's...
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Biden Judge Sparkle Sooknanan Blocks Trump Admin SAVE Act Database
Biden Judge Sparkle Sooknanan Blocks Trump Admin SAVE Act Database
A Biden-appointed federal judge - who quit her previous job as partner at the Jones Day law firm because they did work for the 1st Trump administration - just ruled against the administration's plan to create a database to verify citizenship to be able to vote in US elections.
Judge Sparkle Sooknanan ruled on Monday that officials across several government agencies "haphazardly combined and repurposed the private information of millions of Americans, including citizenship data that they knew to be unreliable,"...
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Aug 24, 2026 / Tyler Durden
Trump Taps Pakistan To Reopen Iran Talks As Tehran Threatens More Hormuz Attacks; Rial Battered To Record Low
Trump Taps Pakistan To Reopen Iran Talks As Tehran Threatens More Hormuz Attacks; Rial Battered To Record Low
Summary
Pakistan enters diplomatic push: Pakistan’s army chief reportedly traveled to Tehran after Trump urged him to help reopen Iran talks.
Iran threatens new tanker action: Tehran blacklisted 45 vessels and warned of further Hormuz attacks.
US readies sweeping sanctions: Bessent is preparing a sweeping economic offensive targeting Iran and its trading partners.
Rial collapses: Iran’s currency hit a record low as inflation and economic pressures intensify.
Hormuz leverage in question: Washington & Western sources claim US-supervised shipping through the Oman corridor...
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