Iran Expands Tanker Assaults Beyond Narrow Confines Of Hormuz In Rare Escalation

Got Hard Assets? UBS Says "Position For A Commodity Upcycle" As Global Scarcity Emerges One day after veteran commodities strategist Jeff Currie told investors to "get long and buckle up" for the next leg of the commodities rally, UBS strategist Sagar Khandelwal issued a similarly bullish call, urging clients to "position for a commodity upcycle." Khandelwal said electrification, surging power demand, artificial-intelligence infrastructure spending, persistent supply constraints, and years of underinvestment are converging to create a perfect storm for a sustained upcycle in hard assets. Commodities can generate returns while protecting portfolios...

Diageo Shares Plunge Most In Two Years On Weaker Guidance, Dividend Cut Shares of Diageo Plc fell the most in 2 years after the maker of Guinness beer and Johnnie Walker whiskey cut its guidance for the second time this fiscal year amid soft demand in the US and China markets. The move marks an early challenge for new CEO Dave Lewis. The British distiller now expects organic net sales to decline by 2% to 3% this fiscal year, down from previous guidance of flat to slightly down, and said it...

Russian missiles pounded the Ukrainian capital Kyiv and its surrounding region on Wednesday, killing at least 17 people, as Ukrainian officials reported that not a single ballistic missile was intercepted due to Ukraine’s lack of advanced air defense munitions. According to Reuters, Ukraine’s Air Force said that it was able to intercept 90% of the […]