Nike Plunges On Slashed Outlook As UBS Warns Against Catching A Falling Knife

Iran "Laying Traps" And "Building Up Defenses" On Kharg Island, Preparing For U.S. Ground Attack Iran has recently bolstered its defenses around Kharg Island, anticipating a possible US move to seize the key oil export hub, CNN reported this week. The island is vital to Iran’s economy, handling roughly 90% of its crude shipments, and has become a focal point in escalating tensions. The Trump administration has explored the option of sending US forces to take control of the island as leverage to pressure Iran into reopening the Strait of Hormuz....

Britain Once Led The World. What Happened? Authored by Damian Pudner via the Foundation for Economic Education, An unsettling look at the economic settlement that the UK now seems willing to accept can be found in the latest fiscal forecast, published on March 3. By the end of the forecast period, borrowing will have decreased from 5.2 percent of gross domestic product (GDP) in 2024–2025 to about 1.6 percent. Public debt stabilizes at roughly 95 percent of national income. At those levels, even small shifts in interest rates matter: The Office for Budget...

Ukraine Hits Key Russian Space Facility With Flamingo Cruise Missiles Ukraine's long-range drone attacks have frequently targeted military bases and oil refinery and energy sites of late, and more recently warehouses of major Russian online retailer Wildberries - but on Saturday a new target has been added: space facilities. Ukrainian forces have touted that they've struck the Progress Rocket and Space Center in Russia's Samara region. The facility focuses on the manufacturing and operation of space launch vehicles. Illustrative: Baikonur Cosmodrome, Space.com/NASA Ukrainian President Volodymyr Zelensky said on X that Ukraine hit the space manufacturing...