Iran Says Two Tankers Exploded In Hormuz Chokepoint As Ship Traffic Near Standstill

What To Expect From El Niño And La Niña? As a strong El Niño phenomenon is being predicted for the coming months, large parts of the United States can potentially expect a wet and stormy fall and winter. As Statista's Katharina Buchholz details below, this is seen in data from the International Research Institute for Climate and Society at Columbia University. You will find more infographics at Statista While El Niño can also bring excess rain to parts of South America, Central Asia and Africa, it can exacerbate drought conditions in places like the Pacific Northwest, the...

Rate-Hike Odds Slide As US Consumer Price Inflation Prints Slowest Since Pre-War July's ongoing decline in oil prices (before the late July/early August rebound) should support lower prices in today's CPI print (with portfolio management impacts expected to be a bigger upside deal for PCE as stocks soared) but expectations were for an uneventful 0.1% MoM rise in the headline print. And the print was perfectly in line, rising 0.,1% MoM and 3.4% YoY (down from +3.5% in June) - the lowest since March... With Goods inflation flat at 0.8% YoY and...

AeroVironment Erupts On "Asymmetric Warfare Boom" AeroVironment shares surged the most in nearly two decades in early trading after the defense contractor - best known for its loitering munitions and unmanned systems - reported stronger-than-expected fourth-quarter results and issued fiscal 2027 revenue guidance that topped Wall Street estimates tracked by Bloomberg. AeroVironment's fiscal fourth-quarter revenue jumped 31% to $642 million, well ahead of the Bloomberg Consensus estimate of $556.4 million, driven mostly by its autonomous systems unit and soaring demand for Switchblade, Red Dragon, and Titan. Switchblade Adjusted EBITDA of $140.1 million...