Ukrainian president says he hopes for ‘results’ as he sits down with negotiators later today Meanwhile, Ukrainian drone manufacturers are meeting Romanian defence ministry and army officials in Bucharest this week to discuss potential joint production under a new European Union rearmament funding mechanism, the ministry said in a statement quoted by Reuters. Romania, an EU and Nato state, shares a...
Ukrainian president says he hopes for ‘results’ as he sits down with negotiators later today Meanwhile, Ukrainian drone manufacturers are meeting Romanian defence ministry and army officials in Bucharest this week to discuss potential joint production under a new European Union rearmament funding mechanism, the ministry said in a statement quoted by Reuters. Romania, an EU and Nato state, shares a 650-km land border with Ukraine and has had drones breach its airspace and fragments fall on its territory repeatedly since Russia began attacking Kyiv’s ports located across the Danube from Romania. Continue reading...
Rathke/iStock Editorial via Getty Images Airplane manufacturers The Boeing Company ( BA ) and Airbus SE ( EADSF ) saw their share prices drop following the war in Iran, which cast a shadow on the economic growth that underpins demand for air travel and subsequently new airplanes. Boeing stock has lost nearly 17% since the invasion and 3% since my last report, in which I discussed the elements that...
Rathke/iStock Editorial via Getty Images Airplane manufacturers The Boeing Company ( BA ) and Airbus SE ( EADSF ) saw their share prices drop following the war in Iran, which cast a shadow on the economic growth that underpins demand for air travel and subsequently new airplanes. Boeing stock has lost nearly 17% since the invasion and 3% since my last report, in which I discussed the elements that come into play for airplane supply and demand. The European counterpart, Airbus, has lost 20% since the military action in the Middle East and lost 6.5% since my last report . In this report, I analyze the airplane orders and deliveries for the first two months of the year (March figures are published in April). As mentioned in prior analyses, we're uniquely positioned to provide value estimates on orders and deliveries to more closely reflect the actual benefit to the businesses. While the current stock price performance is predominated by the developments in the Middle East, it remains of utmost importance to assess the production recovery process of Boeing and Airbus programs, as this has been the main bottleneck. At the same time, from the development of airplane orders, we will also be able to see in the months ahead whether there is any softening in order inflow. So, we are seeing that assessing the orders is going to carry more weight. Below, I have attached the explanation of the analysis methodology from a prior report : Explanation Of Analysis Methodology For Airplane Orders And Deliveries Boeing For this analysis, I use an internally developed tool available on The Aerospace Forum . I will be assessing the net orders and deliveries. For each, I will discuss the units ordered and delivered and the associated dollar value. The net orders provide us with a view of demand. This is a reflection of factors such as pricing and availability. Boeing and Airbus have a total backlog of nearly 15,000 airplanes. So, currently, we're not viewing things through the scope of ne...
Schroptschop The S&P Global Eurozone Manufacturing PMI, a measure of the overall health of the eurozone manufacturing sector, rose from 50.8 in February to 51.6 in March, its highest level since mid-2022. "The war in the Middle East has already left its mark on euro area manufacturing. Suppliers' delivery times have risen sharply as logistics markets re-adjust to maritime disruption, while surging...
Schroptschop The S&P Global Eurozone Manufacturing PMI, a measure of the overall health of the eurozone manufacturing sector, rose from 50.8 in February to 51.6 in March, its highest level since mid-2022. "The war in the Middle East has already left its mark on euro area manufacturing. Suppliers' delivery times have risen sharply as logistics markets re-adjust to maritime disruption, while surging oil and energy prices have pushed factory input cost inflation up to its highest level since late-2022. "The frustrating part is that the manufacturing sector had been slowly gaining momentum since the start of 2026, aided by generally muted cost pressures in recent years which have helped goods producers keep a lid on their charges. However, we saw some of the war-driven inflation impulse being passed straight through to final prices in March, reducing the eurozone's competitiveness and this will likely put demand under renewed pressure." said Joe Hayes, Principal Economist at S&P Global Market Intelligence. More on Euro Area EUR/USD Found Support Above 1.1495, Potential Push Up Towards 'Expanding Wedge' Range Resistance Logical Skepticism For Peace Pulls The Petrodollar Higher - EUR/USD, AUD/USD And Dollar Index Overview USD Strength Vs. Euro Vulnerability: What's Next For The EUR/USD Pair? Global current account imbalances reach near-historic highs, BoE warns ‘Mr. Brexit’ strategist nails winning calls as Iran conflict erupts
U.S. President Donald Trump will deliver a prime-time address on Wednesday at 9 p.m. Washington time to provide an update on the war in Iran, White House Press Secretary Karoline Leavitt said. The announcement comes after Trump said he expects the conflict to wind down in the coming weeks, adding that the U.S. has largely achieved its military objectives. He also indicated that reopening the Strai...
U.S. President Donald Trump will deliver a prime-time address on Wednesday at 9 p.m. Washington time to provide an update on the war in Iran, White House Press Secretary Karoline Leavitt said. The announcement comes after Trump said he expects the conflict to wind down in the coming weeks, adding that the U.S. has largely achieved its military objectives. He also indicated that reopening the Strait of Hormuz would be left to other nations. “We’ll leave whether we have a deal or not. It’s irrelevant,” Trump told reporters in the Oval Office late on Tuesday. The US would do so within “two or three weeks” though a deal between Washington and Tehran was possible before then, he said. Meanwhile, U.S. Secretary of State Marco Rubio said on Tuesday that Washington could see the "finish line" in the Iran war and that the U.S. will have to reexamine ties with NATO after the conflict. "We can see the finish line. It's not today, it's not tomorrow, but it is coming," Rubio told Fox News Channel's "Hannity" show. Brent crude futures ( CO1:COM ) fell 2.8% to $101 a barrel at press time, while West Texas Intermediate ( CL1:COM ) was down 2.9% to $97, as markets weighed prospects of de-escalation against ongoing disruptions in the Strait of Hormuz . Gold prices ( XAUUSD:CUR) ( GLD ) extended gains, climbing back above $4,700 a troy ounce. Silver Spot Price ( XAGUSD:CUR) ( SLV ) -1.1% to $ 74.1. Dear readers: We recognize that politics often intersects with the financial news of the day, so we invite you to click here to join the separate political discussion. More on S&P 500 Index, Crude Oil Futures, etc. Stasis In The U.S. Labor Market: A Peculiar Situation WTI Outlook: Brent-WTI Falls To 2026 Lows. Oil Corrects As War Resolution Nears The Market Can Still Climb This Wall Of Worry - But Not Yet Oil prices pull back as hopes rise for end to Iran war; Trump says U.S. could leave in 2-3 weeks U.S. crude stockpiles rose 10.3M barrels last week, API says
Earnings Call Insights: RH (RH) Q4 2026 Management View RH framed 2025 as a year of outperformance during an unusually difficult housing and geopolitical backdrop, with CEO Gary Friedman emphasizing, "In 2025, RH achieved revenue growth of 8% and 2-year growth of 15%, far outpacing our furniture industry peers by 8 to 30 points." He also highlighted profitability and cash generation improvements, ...
Earnings Call Insights: RH (RH) Q4 2026 Management View RH framed 2025 as a year of outperformance during an unusually difficult housing and geopolitical backdrop, with CEO Gary Friedman emphasizing, "In 2025, RH achieved revenue growth of 8% and 2-year growth of 15%, far outpacing our furniture industry peers by 8 to 30 points." He also highlighted profitability and cash generation improvements, including "Adjusted EBITDA reached $597 million" and "Free cash flow of $252 million versus negative free cash flow of $214 million in 2024," while describing 2025 as "our peak investment year" with "$289 million of adjusted CapEx" plus "an additional $37 million" of brand acquisitions tied to the new RH Estates concept. Management positioned RH Estates as a major product and brand expansion aimed at the traditional luxury customer. Friedman said, "RH Estates, our newest brand extension, launching this spring, will address the traditional market where the RH brand is currently underpenetrated," adding that "60% of luxury homes feature classic or traditional architecture." He described RH Estates as including "RH Bespoke Furniture" from acquired brands and "RH Couture Upholstery by Dmitriy & Co." with customization intended to broaden relevance with designers and custom projects. RH reiterated a “physical-first” strategy and described the galleries as a multi-business platform that includes design services, trade, and hospitality. Friedman said luxury furniture is "estimated to be as high as 95.5%" store-based, and highlighted embedded businesses including "RH Interior Design," "RH to the trade," and "RH Hospitality," adding, "With 26 restaurants in operation today and are scheduled to reach 40 by the end of 2027, RH is 1 of only 7 globally owned and operated luxury restaurant brands with 20 or more locations worldwide." RH laid out new, more capital-efficient formats to expand its footprint and described a North America opportunity. Friedman introduced "an RH design compoun...
The headline S&P Global Germany Manufacturing PMI registered at 52.2 in March, up from50.9 in February and its highest reading since May 2022. The figure came above 51.7. key findings include: Cost pressures intensify in March alongside notable supply chain delays; Output and new orders buoyed as customers react to disruption; Business expectations retreat sharply to four-month low. "The immediate...
The headline S&P Global Germany Manufacturing PMI registered at 52.2 in March, up from50.9 in February and its highest reading since May 2022. The figure came above 51.7. key findings include: Cost pressures intensify in March alongside notable supply chain delays; Output and new orders buoyed as customers react to disruption; Business expectations retreat sharply to four-month low. "The immediate impacts of the war in the Middle East on the German manufacturing sector are clear to see in March's PMI results. Most notably, input cost inflation has spiked higher on the back of the surge in oil and gas prices, registering its largest single-month rise on record. "We're already starting to see signs of stress across supply chains, with lead times on inputs lengthening to the greatest extent since mid-2022. This has helped boost the headline PMI, due to the assumption that longer delivery times are usually associated with increased demand. March did in fact see stronger rates of output and new order growth, even against the backdrop of the Middle East war." said Phil Smith, Economics Associate Director at S&P Global Market Intelligence. More on Germany EUR/USD Found Support Above 1.1495, Potential Push Up Towards 'Expanding Wedge' Range Resistance Logical Skepticism For Peace Pulls The Petrodollar Higher - EUR/USD, AUD/USD And Dollar Index Overview USD Strength Vs. Euro Vulnerability: What's Next For The EUR/USD Pair? Global current account imbalances reach near-historic highs, BoE warns ‘Mr. Brexit’ strategist nails winning calls as Iran conflict erupts
This debut about female friendship and environmental fragility set after the 2004 tsunami in Thailand is strong on grief, but the storytelling remains uneven The underlying themes of this debut novel could hardly be more relevant. Marissa is working as a travel writer without leaving her desk, coining gleaming descriptions of untouched beaches for tourists. But as she does so, her mind runs on dar...
This debut about female friendship and environmental fragility set after the 2004 tsunami in Thailand is strong on grief, but the storytelling remains uneven The underlying themes of this debut novel could hardly be more relevant. Marissa is working as a travel writer without leaving her desk, coining gleaming descriptions of untouched beaches for tourists. But as she does so, her mind runs on darker paths. She is living in New York while it braces for Hurricane Sandy, and as the wind rises she remembers being caught up in the horrors of the 2004 tsunami in Thailand. She grieves for the beauty of the ocean that she knew then, and the fate of her beloved friend Arielle. Loss, love, environmental fragility, female friendship: I was ready to plunge into the waves of this novel, to swim with its currents of grief and longing. But while I found myself at times drawn in to the narrative, at others I was distanced by Menon’s style, which is deliberately fragmented but also disappointingly uneven. Continue reading...
Inventive creature design, goopy practical effects and a metal guitar soundtrack make this reworking of a Roger Corman fantasy a treat for one’s inner child A 1980s Roger Corman swords-and-sorcery movie gets a loving remake here, as strapping antihero Deathstalker attempts to break the spell of a cursed amulet in the Kingdom of Abraxeon, with sensational low-budget creature design and lashings of ...
Inventive creature design, goopy practical effects and a metal guitar soundtrack make this reworking of a Roger Corman fantasy a treat for one’s inner child A 1980s Roger Corman swords-and-sorcery movie gets a loving remake here, as strapping antihero Deathstalker attempts to break the spell of a cursed amulet in the Kingdom of Abraxeon, with sensational low-budget creature design and lashings of goopy practical special effects where you can really feel the splatter. Said kingdom is being laid waste by the Dreadites, minions of the evil sorcerer Nekromemnon. You’ll know how you’ll feel about this film by your response to words such as “Dreadites” and “Nekromemnon”. For many (like me), there is wondrous pleasure to be found in the ludicrousness of this nomenclature – so perfectly on the nose and so stupidly appealing to one’s inner child. Everyone else please move along, this movie is very much an acquired taste. Continue reading...