Key Events This Week: Core PCE, Global PMIs, Micron Earnings And Fed Talk

Iran "Laying Traps" And "Building Up Defenses" On Kharg Island, Preparing For U.S. Ground Attack Iran has recently bolstered its defenses around Kharg Island, anticipating a possible US move to seize the key oil export hub, CNN reported this week. The island is vital to Iran’s economy, handling roughly 90% of its crude shipments, and has become a focal point in escalating tensions. The Trump administration has explored the option of sending US forces to take control of the island as leverage to pressure Iran into reopening the Strait of Hormuz....

Joby Kicks Off Weeklong Campaign After Successful JFK–Manhattan Test Flights Authored by Rob Sabo via The Epoch Times (emphasis ours), Electric air taxi developer Joby Aviation stated on April 27 that it will begin a weeklong testing campaign in New York City, having successfully completed three days of test flights across the city’s heliport network. ANA Holdings and Joby Aviation show a public demonstration flight of the Joby N5.42JX flying car at the World Expo 2025 Osaka in Osaka, Japan, on Oct. 13, 2025. Buddhika Weerasinghe/Getty Images Joby’s electric vertical takeoff and landing...

Top Nike Distributor Sounds Profit Alarm As BNP Says China Remains "Red Flag" Nike has reported declining quarterly sales in China, where demand remains under pressure from mounting macroeconomic headwinds, and the brand continues to lose market share to newer competitors. This weakness has dented the shoemaker's broader turnaround efforts and suggests a much-needed reset in the Chinese market. The stock is down 65% from its 2021 peak and is now trading at 2017 levels, as investors hope management will accelerate a turnaround plan to reverse this devastating multi-year bear market....