Russia's Oil Windfall Vanishes As Urals Crashes To $42 A Barrel

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...

US Airports Remain Busy Despite Surging Prices Following the historic slump in air travel during the Covid-19 pandemic, passenger volume at U.S. airports has gradually recovered, roughly matching pre-pandemic levels in 2023 and exceeding it in 2024 and 2025. In fact, 2025 was the busiest year ever at U.S. airports with an average of 2.48 million travelers passing through TSA checkpoints each day. Despite the latest surge in ticket prices – airline fares have risen 12.6% since January and more than 25 percent since July 2025, Statista's Felix Richter reports 2026 is on track to match or even...