Trump's War Economy Accelerates As Lockheed Wins $35 Billion Deal To Quadruple Missile-Interceptor Output

Iranian officials are in negotiations with members of the Gulf Cooperation Council (GCC) about creating a system to charge fees for ships transiting the Strait of Hormuz.  According to the Wall Street Journal, Iran is seeking to impose a toll on vessels entering and exiting the Persian Gulf similar to how Turkey taxes ships transiting […]

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...

Former Iraqi Prime Minister Nouri al-Maliki’s candidacy to return to the position was meant to have been vetoed last month by President Trump, who denounced Maliki as “insane” and threatened to withhold all US support if he returned to office. There was talk of a Sunday ultimatum for him to step down. Monday morning, Maliki […]