Israeli Quadcopter Drones Set Fire to Gaza Tent Camp, Displacing 800 Palestinians

"Deepening Dark Trend" Emerges On Hormuz As Ship Traffic Slows The US military has struck Iranian targets for a second straight day, while Tehran has responded with ballistic missile and drone attacks targeting Kuwait, Qatar, Bahrain and even faraway Jordan. While our overnight wrap focused on the latest war developments, the focus here is what energy traders are watching most closely: vessel traffic through the Strait of Hormuz. Bloomberg cites new shipping data showing that the Hormuz chokepoint slowed to a near standstill on Thursday. More color from the report: Among larger vessels,...

Volkswagen CEO Plans 100,000 Job Cuts In Generational Overhaul German business news outlet Manager Magazin reports that Volkswagen CEO Oliver Blume is eyeing a major restructuring that could eliminate as many as 100,000 jobs. The latest VW earnings show just why: Europe's largest automaker remains bloated in a world of weak demand, a softening Chinese market, rising Chinese competition in Europe, and low margins. "Volkswagen CEO Oliver Blume is getting serious. He plans to drastically intensify job cuts, actually phase out production at four German plants, and spin off the...

Wall Street Zeroes In On This "Pure-Play" US Attack Drone Company Wall Street analysts are finally waking up to Unusual Machines as a pure-play in the effort to anchor America's sovereign drone supply chain. One-way attack drones and autonomous systems have forever changed modern warfare, forcing the Department of War to quickly fire up a massive procurement supercycle to stockpile these drones.  We identified UMAC (read report) in mid-July as an NDAA-compliant drone-component manufacturer positioned to reap the rewards as the US government races to stockpile everything from one-way attack drones to...