Iran Rejects US Pressure, Enters 'Survival Economy' As Mediators Cite 'Absolutely No Progress'

Iranian Foreign Minister Abbas Araghchi on Sunday said the US and Iran continue to exchange messages but cautioned that “no final conclusions should be drawn” until the talks result in “clear and tangible results.” The Iranian diplomat appeared to dismiss recent media reports about a potential deal. “Everything being said now is speculation and should […]

Speculation Persists That Ghalibaf Replaced With More 'Hardline' Figure As Pentagon Says Iran Is Laying More Mines In Hormuz Summary Avalanche of Friday morning headlines speculating on Iran FM travel to Pakistan, and potential US delegating arriving too, but much appears speculation. Third US aircraft carrier, the George HW Bush, has finally arrived in Mideast regional waters after taking the long way around Africa. Hegseth in presser renews call, highlighting main issue, for Iran: "All they have to do is abandon a nuclear weapon in meaningful and verifiable ways..."; Warns Iranians over continued...

Kering And Hermès Sink As War Batters Earnings; Goldman Warns Luxury Dip-Buying Is "Premature" Goldman's Natasha de la Grense summed it up well this morning: "Money was waiting on the sidelines to buy luxury for a de-escalation play – that feels premature with three misses in three days."  Disappointments from Kering and Hermès, both of which fell short of analyst estimates, reinforced the view that the industry of fine wine, overpriced shirts, shoes, belts, and designer bags, is not yet out of the woods and sent the Goldman Sachs EU Luxury...