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The Iran war should have been a tailwind for defense stocks. Instead, the sector is living through the longest losing streak in its history. The State Street SPDR S&P Aerospace & Defense ETF (NYSE: XAR ) has closed lower for six straight weeks. The seventh week is going the same way so far. The fund fell 2.2% on Monday
Vice President Han Zheng used his UN speech to say sovereignty in the Gulf should be respected and called for an end to threats against Cuba and its blockade.
Iran says its proposal could reopen the strait and pause regional fighting within seven days if the US agrees. Reuters could not immediately confirm a Wall Street Journal report that Trump rejected the offer.
Trump-Xi meeting overshadows UN gathering Absences fuel questions about UN relevance Financial woes and gridlock cloud UN future Diplomats say UN remains an indispensable forum By Antoni Slodkowski, John Irish and Tom Balmforth UNITED NATIONS, Sept 24 (Reuters) — While world leaders gather at the United Nations for the
US OIL: America Open - WTI Crude prices have extended the trend lower amid market optimism as talks continue on the sidelines of this week's UN gathering. EIA trade expectations are mixed, with crude and distillates seen lower but gasoline stocks higher. * US special envoy Witkoff said that lengthy talks have taken pla
(Adds details on Taiwan in paragraphs 11-14) By David Brunnstrom and Joe Cash Sept 17 (Reuters) — U.S. President Donald Trump will welcome Chinese leader Xi Jinping next week for their second meeting this year, as the two leaders seek stability in a relationship under pressure over issues ranging from trade to Taiwan a
US Global Investors reported fiscal 2026 net income of $3.1 million, or $0.24 a share, versus a loss a year earlier. Operating revenue rose 21% to $10.3 million.
Brent traded near $95.73 a barrel on Friday and was up more than 8% for the week, its strongest weekly performance since July. The move followed renewed Middle East missile activity, sanctions and oil-shipment risk signals.
Crude oil traded around $91.2 a barrel on Friday and rose more than 9% for the week, its strongest weekly performance since mid-July. Middle East tensions and sanctions kept upward pressure on prices.
The Pentagon reported more than 750 U.S. service members wounded since the Iran war began in late February, after combining “Operation Epic Fury” figures with updated totals under the “Overseas Operations” category.
Germany has reportedly requested that the U.S. allow an increase in the production of American weapons on German soil. The German government is pushing for a co-production agreement with the U.S., ahead of the forthcoming NATO summit in Ankara. This initiative is part of a broader European strategy to utilize their def
**Notes/Observations** - Month-end data flow was broadly constructive for the eurozone but added to the ECB's policy dilemma. French preliminary June CPI surprised to the downside at 1.8% y/y (vs 2.0%e), bringing headline inflation back to target for the first time in three months, while French consumer spending (+0.5%
Ukraine's drone strikes fuel Russia's fuel supply crunch, prompting Putin to acknowledge shortages.
Israel's Defense Minister Katz says Israel will not withdraw from South Lebanon even if the US demands it
Ukraine is raising the cost of war for Russia with drone strikes on Moscow oil refinery and Crimea, testing Putin's resolve
Ukraine strikes a Moscow oil refinery in a drone strike and steps up attacks on Russian-occupied Crimea, raising the cost of Russia's war against it
US market experiences rotation away from tech as weakness in mega-cap tech widens, with semiconductors declining 7% and NASDAQ opening down 3%.
The US has issued a sweeping rollback of Iran oil sanctions, unlocking billions of dollars in revenue for Tehran
The US issues a 60-day exemption allowing Iran to produce and sell crude oil, petrochemical and petroleum products in US dollars, unlocking billions in revenue for Tehran
Iran says its defense and missile capabilities will never be subject to negotiations with any party
US-Iran talks in Switzerland have been canceled, casting uncertainty over the recently announced accord
Swiss-hosted follow-up talks were canceled, highlighting uncertainty around the accord. Analysts said the agreement was only the first step toward a broader settlement. "This is a really bad deal," according to David Roche, a strategist at Quantum Strategy. News that the U.S. and Iran had reached an interim deal may ha
US-Iran talks in Switzerland were canceled, highlighting uncertainty around the accord
Swiss-hosted follow-up talks were canceled, highlighting uncertainty around the accord. Analysts said the agreement was only the first step toward a broader settlement. "This is a really bad deal," according to David Roche, a strategist at Quantum Strategy. News that the U.S. and Iran had reached an interim deal may ha