US Marines Board Iranian Tanker As Trump Teases 'Final Stages' Of Talks, But Tehran Warns 'New War' On Horizon

Iranian President Masoud Pezeshkian gave a defiant speech at the UN General Assembly in New York City on Wednesday, which he opened by holding up photos of children killed by US strikes in Iran. “I come from an Iran where, in truth, they bombed a school. You see these children? These children perished under bombs, […]

Caterpillar Erupts As Quarterly Sales Top $20 Billion For First Time Amid AI Data Center Boom Caterpillar shares jumped in pre-market trading after reporting a second-quarter beat, driven by strong growth in its heavy machinery, power and energy business amid the data center buildout, reshoring, and other activities reindustrializing the nation under the Trump administration. Revenue soared 24% from one year ago to $20.54 billion, exceeding the $19.01 billion Bloomberg consensus estimate. Machinery, power and energy revenue climbed 25% to $19.58 billion, while operating income surged 51% to $4.21 billion, well...

UBS Says Watch Beaten-Down Consumer Stocks, But Is "Reluctant To Call Outright Bottom" The Conference Board's Consumer Confidence Index has fallen to its lowest level since April 2014, but UBS equity trader Mark Paski is watching closely for signs of a bottom in beaten-down consumer stocks. Paski explained: Some of the US consumer sector's biggest laggards are beginning to outperform despite little improvement in the underlying data, a potential sign that prices may be bottoming before fundamentals. The sector remains deeply unloved, with investors heavily underweight, tax-loss selling still dominating conversations...