Iraqi Militia Vows To Disrupt Any Future Iraq-Syria Oil Pipeline: US 'Stealing Our Oil'

The renewed diplomatic push to end the war against Iran appears to be losing momentum as the Islamic Republic dismissed the US response to its latest proposal.  Earlier this week, Iran sent the US a proposal that would lead to the rapid reopening of the Strait of Hormuz if Washington meets several of Tehran’s demands. […]

Nike Plunges On Slashed Outlook As UBS Warns Against Catching A Falling Knife Nike shares are down nearly 10% in pre-market trading in New York after the struggling athletic footwear and apparel company warned its sales slump will deepen and unveiled a restructuring that will eliminate jobs. As of Thursday's close, year-to-date performance had been absolutely abysmal, with shares down 45%. The extended decline could now put the stock on track for its worst annual loss on record. The decline follows the sportswear giant's earnings release after hours on Thursday, when it...

Home Depot Earnings Offer Glimmer Of Hope As Small Projects Offset Renovation Downturn Home Depot reported stronger-than-expected second-quarter sales and profit as homeowners spent money on smaller do-it-yourself projects, giving the home-improvement retailer enough confidence to reaffirm its full-year outlook. The frozen housing market, combined with elevated borrowing costs, has deterred homeowners from financing larger renovations, such as replacing exterior windows and doors or installing a new deck, and has also pressured Home Depot shares over the past year and a half. However, second-quarter demand showed signs of resilience in smaller...