Iran Threatens Region-Wide Infrastructure 'Obliteration' As Trump's 48-Hour Ultimatum Ticks Down, Mass Casualties In Southern Israel Summary Iran vows regional and US infrastructure will be "irreversibly destroyed" in response to Trump's 48-hour timeline to open Hormuz or else Iranian power plants will be obliterated. Iran announces imposition a $2 million transit fee on 'non-enemy' ships wishing ...
Iran Threatens Region-Wide Infrastructure 'Obliteration' As Trump's 48-Hour Ultimatum Ticks Down, Mass Casualties In Southern Israel Summary Iran vows regional and US infrastructure will be "irreversibly destroyed" in response to Trump's 48-hour timeline to open Hormuz or else Iranian power plants will be obliterated. Iran announces imposition a $2 million transit fee on 'non-enemy' ships wishing to transit strait. Unprecedented damage and many dozens of casualties in Israel's south after tit-for-tat strikes on areas with nuclear plants. Reports of US prepping diplomatic offramp plan but Iran says expanding war has effectively shut the door ; Bessent says "50 days" of higher prices for 50 years of no Iran nukes , and "escalate to de-escalate." * * * Bessent on Meet the Press: 'Escalate to De-Escalate' Scott Bessent said US-Israeli strikes are focused on weakening Iran's fortified positions along the Strait of Hormuz as Donald Trump presses a deadline for Tehran to "fully open, without threat" the critical global shipping waterway. He stated the US will "take whatever steps it takes" to eliminate Iran's military capabilities, including its ability to project power abroad; however, it remains to be seen just how degraded Iran's missile program is. "There has been a campaign… to soften up the Iranian fortifications … that's going to continue until they are completely demolished… Sometimes you have to escalate to de-escalate ," he asserted. As the conflict enters its fourth week, and amid rising oil and gasoline prices which have intensified economic pressure at home, Bessent framed the surge as a temporary cost tied to a longer-term greater objective, stating: "Let’s just pick 50 days of temporary elevated prices… Prices will come off on the other side for 50 years of not having an Iranian regime with a nuclear weapon." But then the usual more open-ended caveats: " I don’t know whether it’s going to be 50 days. I don’t know whether it’s going to be a hundred days . " A...
David Gyung/iStock via Getty Images Citi has updated its return-on-equity trend baskets. "We created the ROE Trend Baskets which focus on forward ROE improvement driven by improving margins and higher total asset turnover, not financial engineering," the equity strategy team said. "Essentially, the second derivative of Quality, not the factor itself, creates a more differentiated exposure that has...
David Gyung/iStock via Getty Images Citi has updated its return-on-equity trend baskets. "We created the ROE Trend Baskets which focus on forward ROE improvement driven by improving margins and higher total asset turnover, not financial engineering," the equity strategy team said. "Essentially, the second derivative of Quality, not the factor itself, creates a more differentiated exposure that has become our flagship thematic." The large-cap stocks with positive ROE trend are: Company (Ticker) 2027E ROE Vistra Corp. ( VST ) 47.0% Boeing Company ( BA ) 55.7% Southwest Airlines Co. ( LUV ) 25.4% Omnicom Group Inc ( OMC ) 26.8% Take-Two Interactive Software, Inc. ( TTWO ) 34.6% Teradyne, Inc. ( TER ) 34.4% Albemarle Corporation ( ALB ) 10.2% Estee Lauder Companies Inc. Class A ( EL ) 28.2% Jabil Inc. ( JBL ) 87.1% C.H. Robinson Worldwide, Inc. ( CHRW ) 42.7% Ciena Corporation ( CIEN ) 29.5% Hershey Company ( HSY ) 37.3% Generac Holdings Inc. ( GNRC ) 15.1% TKO Group Holdings, Inc. Class A ( TKO ) 12.0% Micron Technology, Inc. ( MU ) 40.6% CVS Health Corporation ( CVS ) 10.5% GE Aerospace ( GE ) 44.0% Freeport-McMoRan, Inc. ( FCX ) 19.4% ON Semiconductor Corporation ( ON ) 20.4% Rockwell Automation, Inc. ( ROK ) 34.8% Blackstone Inc. ( BX ) 33.8% Broadcom Inc. ( AVGO ) 51.0% Equifax Inc. ( EFX ) 21.4% Phillips 66 ( PSX ) 15.9% Analog Devices, Inc. ( ADI ) 18.6% Steel Dynamics, Inc. ( STLD ) 19.1% Caterpillar Inc. ( CAT ) 50.3% Waste Management, Inc. ( WM ) 35.1% NXP Semiconductors NV ( NXPI ) 33.9% Diamondback Energy, Inc. ( FANG ) 8.7% Corning Inc ( GLW ) 22.7% Nucor Corporation ( NUE ) 12.7% DoorDash, Inc. Class A ( DASH ) 13.6% BlackRock, Inc. ( BLK ) 22.1% PACCAR Inc ( PCAR ) 16.7% Westinghouse Air Brake Technologies Corporation ( WAB ) 17.7% Block, Inc. Class A ( XYZ ) 10.3% Amcor PLC ( AMCR ) 16.6% Johnson Controls International plc ( JCI ) 22.8% Cummins Inc. ( CMI ) 26.3% Bunge Global SA ( BG ) 10.4% EQT Corporation ( EQT ) 10.7% Newmont Corporation ( NEM ) 23.8%...
Michael M. Santiago/Getty Images News GameStop ( GME ) is due to release its fourth-quarter earnings report on March 24. There are not enough analysts covering the stock to provide consensus estimates. In FQ3, the company saw a 4.5% decline in revenue but swung to an operating income profit. The holiday quarter update will have extra significance after CEO Ryan Cohen telegraphed ambitions to use t...
Michael M. Santiago/Getty Images News GameStop ( GME ) is due to release its fourth-quarter earnings report on March 24. There are not enough analysts covering the stock to provide consensus estimates. In FQ3, the company saw a 4.5% decline in revenue but swung to an operating income profit. The holiday quarter update will have extra significance after CEO Ryan Cohen telegraphed ambitions to use the retailer as a Berkshire ( BRK.A ) ( BRK.B )‑style platform and was interested in pursuing a “very, very, very big” acquisition of a larger public consumer company. In recent interviews, Cohen described plans to buy a publicly traded consumer company that is not only “significantly larger” than GameStop but also undervalued, high quality, and run by a sleepy management team. Presumably, Cohen would then run his efficiency playbook he used at Chewy ( CHWY ) and GameStop ( GME ) to unlock earnings and cash flow. Of course, any color on deal size, timing, financing mix, and potential targets would be a key swing factor for sentiment. However, GameStop ( GME ) has not held an earnings conference call in over two years. GameStop's ( GME ) balance sheet cash position and Bitcoin ( BTC-USD ) holdings position are also of high interest after Cohen signaled that capital allocation will tilt decisively toward an M&A strategy. Notably, Cohen has an incentive package that reinforces the bet-the-company nature of the acquisition strategy, paying out only if GameStop ( GME ) reaches at least $20B in market cap and $2B in cumulative EBITDA, with full vesting tied to a $100B market cap and $10B in cumulative EBITDA. Shares of GameStop ( GME ) are up 12.4% on a year-to-date basis. The market cap at the close on Friday was $10.1B. Short interest stands on GME at 14.7% of the total float. Options trading implies an 8% share price swing after the earnings report is released on Tuesday. More on GameStop GameStop Holiday Quarter Earnings Preview Signals Muted Numbers GameStop Is Still In Limbo...
As the war in Iran drags into its third week, Rep. Greg Steub joins David Gura and Christina Ruffini on Bloomberg This Weekend to discuss the potential of an American ground invasion in Iran, whether Congress is considering the Pentagon's request $200 billion in additional funding for the war and more. Watch the show LIVE every Saturday and Sunday morning. (Source: Bloomberg)
As the war in Iran drags into its third week, Rep. Greg Steub joins David Gura and Christina Ruffini on Bloomberg This Weekend to discuss the potential of an American ground invasion in Iran, whether Congress is considering the Pentagon's request $200 billion in additional funding for the war and more. Watch the show LIVE every Saturday and Sunday morning. (Source: Bloomberg)
Jenni Murray, who has died aged 75, was the longest-serving presenter of Woman’s Hour, bringing calm authority to the BBC Radio 4 weekday show for 33 years. The programme that was launched in 1946 with cooking, cleaning tips and romantic serials had, by the time of Murray’s tenure (1987-2020), become a platform for subjects such as the menopause, domestic violence, genital mutilation and sexual po...
Jenni Murray, who has died aged 75, was the longest-serving presenter of Woman’s Hour, bringing calm authority to the BBC Radio 4 weekday show for 33 years. The programme that was launched in 1946 with cooking, cleaning tips and romantic serials had, by the time of Murray’s tenure (1987-2020), become a platform for subjects such as the menopause, domestic violence, genital mutilation and sexual politics. After a decade of Murray in the presenter’s chair, the programme was described by the Sunday Times in 1996 as “Radio 4’s sisterhood of the airwaves”. Murray was fearless and thoughtful in her intelligent questioning of guests, who ranged from politicians, film stars, authors and poets to chefs, gardeners, lawyers and anxious parents. In 1990, in Margaret Thatcher’s final broadcast interview as prime minister, Woman’s Hour exposed the ideological differences between the feminist approach advanced by Murray, who advocated government ensuring accessible, affordable childcare to hasten gender equality, and the Conservative leader’s view that the issue was one for individuals, not the state. Pointing out that the group from which Thatcher was losing most support was women, Murray asked if this could be down to a lack of understanding of their difficulties. The presenter later said: “It was the first time in her entire political career I ever heard her say: ‘I don’t know.’ She was not expecting this and she floundered.” View image in fullscreen Murray, right, with Margaret Thatcher in 1990. Photograph: BBC Radio 4 Later, following the former Conservative MP Edwina Currie’s revelation in the first volume of her diaries in 2002 that she had had a four-year affair with her colleague, John Major, later prime minister, Murray began her interview with: “Edwina Currie has been called a cheat, a grade-A trollop, a total cow and the cheapest kiss-and-tell hawker.” She then probed Currie on the ethics of the relationship, considering both of them were married, and the hurt caused t...
A private prayer and a shouting contest: photos of the weekend The Guardian’s picture editors select photographs from around the world A veiled Iranian worshipper prays as she sits at a holy shrine on the day of Eid al-Fitr in Tehran, Iran. Photograph: Morteza Nikoubazl/NurPhoto/Shutterstock
A private prayer and a shouting contest: photos of the weekend The Guardian’s picture editors select photographs from around the world A veiled Iranian worshipper prays as she sits at a holy shrine on the day of Eid al-Fitr in Tehran, Iran. Photograph: Morteza Nikoubazl/NurPhoto/Shutterstock
Hong Kong’s West Kowloon arts hub has signed agreements with 12 international institutions from Australia, the UK, Saudi Arabia and elsewhere, paving the way for future collaborations as the city seeks to strengthen its role as an East-meets-West cultural hub. The memorandums of understanding (MOUs) signed on Sunday by the West Kowloon Cultural District Authority will help bring more international...
Hong Kong’s West Kowloon arts hub has signed agreements with 12 international institutions from Australia, the UK, Saudi Arabia and elsewhere, paving the way for future collaborations as the city seeks to strengthen its role as an East-meets-West cultural hub. The memorandums of understanding (MOUs) signed on Sunday by the West Kowloon Cultural District Authority will help bring more international performances to the city, showcase Hong Kong productions to global audiences, support the exchange of talent and more. “These collaborations translate shared vision into action by supporting high quality programmes, talent exchange and professional development,” said Bernard Charnwut Chan, chairman of the authority, during the signing ceremony at the two-day International Cultural Summit. Advertisement Key partnerships include five strategic alliances “to strengthen programme development, talent exchange and professional training”, in preparation for the opening of the WestK Performing Arts Centre next year. The authority will also work with the China Association of Auctioneers to strengthen talent development art market exchanges between Hong Kong and the mainland, plus museum collaborations. Advertisement New agreements have also been signed with overseas cultural organisations and universities to support the launch of professional training courses and a pilot artist-in-residence programme.
Russia launched an uncrewed cargo spacecraft toward the International Space Station on Sunday after recent repairs to the Baikonur Cosmodrome launch site, NASA said. The Progress MS-33 transport ship separated successfully from the third stage of its Soyuz-2.1a launch vehicle after blasting off from Baikonur in Kazakhstan, Russia’s Roscosmos Space Agency said on Telegram. The spacecraft, with over...
Russia launched an uncrewed cargo spacecraft toward the International Space Station on Sunday after recent repairs to the Baikonur Cosmodrome launch site, NASA said. The Progress MS-33 transport ship separated successfully from the third stage of its Soyuz-2.1a launch vehicle after blasting off from Baikonur in Kazakhstan, Russia’s Roscosmos Space Agency said on Telegram. The spacecraft, with over 2.5 tons of cargo, is scheduled to dock with the Poisk module on the Russian segment of the ISS on March 24. NASA said on X that one of the vessel’s antennas used for automatic docking failed to deploy after liftoff. Other systems were operating as designed, and troubleshooting on the antenna issue was continuing, the US agency said. If the antenna cannot be deployed, Russian cosmonaut Sergey Kud-Sverchkov would remotely pilot the craft using a backup system for rendezvous and docking. The Baikonur cosmodrome, which Russia leases from Kazakhstan, remains central to Moscow’s space program, including missions to the ISS. The launch site was damaged in late November in an unspecified mishap during a previous mission, Roscosmos said at the time. Read more: Russia Brings Crewed-Rocket Launch Pad Back Online at Baikonur
Many investors believe robotaxis could eventually replace Uber Technologies (UBER 1.95%). If autonomous vehicles (AVs) eliminate the need for human drivers, companies that own robotaxi fleets could bypass ride-hailing platforms altogether. But Uber sees the future differently. Instead of choosing between human drivers and autonomous vehicles, the company believes the winning model may combine both...
Many investors believe robotaxis could eventually replace Uber Technologies (UBER 1.95%). If autonomous vehicles (AVs) eliminate the need for human drivers, companies that own robotaxi fleets could bypass ride-hailing platforms altogether. But Uber sees the future differently. Instead of choosing between human drivers and autonomous vehicles, the company believes the winning model may combine both. In fact, Uber argues that a hybrid network of robotaxis and human drivers could work better than fleets made up entirely of AVs. That idea may sound counterintuitive at first. But once you look at how ride-hailing demand actually behaves, Uber's reasoning starts to make a lot of sense. Ride-hailing demand is highly unpredictable The biggest challenge in ride-hailing isn't simply putting vehicles on the road. It's matching supply to demand, which fluctuates dramatically depending on the time of day, the day of the week, weather conditions, or events happening in a city. Uber's own data illustrates just how uneven demand can be. In Austin, for example, demand on a typical Monday reaches only about 45% of the level seen on Saturday, while daily troughs can fall to just 5% of peak demand. These swings create a major challenge for robotaxi-only fleets. To reliably handle peak demand periods, a robotaxi operator would need to deploy a large number of vehicles. But during slower hours, many of those vehicles could sit idle. In other words, robotaxi-only networks risk becoming either inefficient during off-peak periods or unreliable when demand surges. That's where Uber believes its marketplace structure offers a key advantage. Expand NYSE : UBER Uber Technologies Today's Change ( -1.95 %) $ -1.47 Current Price $ 73.88 Key Data Points Market Cap $152B Day's Range $ 73.04 - $ 75.35 52wk Range $ 60.63 - $ 101.99 Volume 525K Avg Vol 20M Gross Margin 32.89 % Hybrid networks provide flexibility Uber's solution is straightforward: Let autonomous vehicles handle baseline demand while hu...
Key Points Ride-hailing demand is highly volatile. Uber's hybrid model could improve efficiency. Its marketplace may remain key in an autonomous future. 10 stocks we like better than Uber Technologies › Many investors believe robotaxis could eventually replace Uber Technologies (NYSE: UBER). If autonomous vehicles (AVs) eliminate the need for human drivers, companies that own robotaxi fleets could...
Key Points Ride-hailing demand is highly volatile. Uber's hybrid model could improve efficiency. Its marketplace may remain key in an autonomous future. 10 stocks we like better than Uber Technologies › Many investors believe robotaxis could eventually replace Uber Technologies (NYSE: UBER). If autonomous vehicles (AVs) eliminate the need for human drivers, companies that own robotaxi fleets could bypass ride-hailing platforms altogether. But Uber sees the future differently. Instead of choosing between human drivers and autonomous vehicles, the company believes the winning model may combine both. In fact, Uber argues that a hybrid network of robotaxis and human drivers could work better than fleets made up entirely of AVs. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » That idea may sound counterintuitive at first. But once you look at how ride-hailing demand actually behaves, Uber's reasoning starts to make a lot of sense. Ride-hailing demand is highly unpredictable The biggest challenge in ride-hailing isn't simply putting vehicles on the road. It's matching supply to demand, which fluctuates dramatically depending on the time of day, the day of the week, weather conditions, or events happening in a city. Uber's own data illustrates just how uneven demand can be. In Austin, for example, demand on a typical Monday reaches only about 45% of the level seen on Saturday, while daily troughs can fall to just 5% of peak demand. These swings create a major challenge for robotaxi-only fleets. To reliably handle peak demand periods, a robotaxi operator would need to deploy a large number of vehicles. But during slower hours, many of those vehicles could sit idle. In other words, robotaxi-only networks risk becoming either inefficient during off-peak periods or unreliable when demand surges. That's where...
We know the Ryzen 9 9950X3D2 exists, but is this a real sample? Ryzen 9950X3D2 should bring much higher L3 cache, but the CPU-Z's listing appears to be incorrect. AMD Dual-Cache Ryzen 9 9950X3D2 Appears on CPU-Z, Featuring a 96 + 32 MB L3 Cache Instead of Expected 96 + 96 MB Recently, ASRock accidentally confirmed AMD's first-ever dual cache Ryzen 9000X3D chip, which AMD hasn't officially unveiled...
We know the Ryzen 9 9950X3D2 exists, but is this a real sample? Ryzen 9950X3D2 should bring much higher L3 cache, but the CPU-Z's listing appears to be incorrect. AMD Dual-Cache Ryzen 9 9950X3D2 Appears on CPU-Z, Featuring a 96 + 32 MB L3 Cache Instead of Expected 96 + 96 MB Recently, ASRock accidentally confirmed AMD's first-ever dual cache Ryzen 9000X3D chip, which AMD hasn't officially unveiled. ASRock quickly took down the page, but it strongly indicated the existence of the Ryzen 9 9950X3D2. Now, another leak has surfaced online, revealing the "unofficial" specifications of the new X3D chip. Image Credit: @momomo_us As spotted by @momomo_us, someone validated his Ryzen 9 9950X3D2 sample in CPU-Z. CPU-Z is a popular hardware utility, and according to the validity result page, the sample explicitly mentions the CPU model name as "AMD Ryzen 9 9950X3D2" under the Processor (CPU) section. However, in the actual CPU-Z screenshot, both Ryzen 9 9950X3D and Ryzen 9 9950X3D2 are mentioned in different sections. This entry may belong to the existing 9950X3D, but the TDP section reveals a higher power rating. Unlike Ryzen 9 9950X3D, the 9950X3D2 is expected to carry a max TDP rating of 200W. On the other hand, the Ryzen 9950X3D is rated at 170W, which could mean that the CPU-Z entry belongs to the newer CPU. However, the discrepancy in the cache specification points to the Ryzen 9950X3D chip, as Ryzen 9 9950X3D2 won't carry "96 + 32 MB" (128 MB) L3 cache, as both of its CCDs will have L3 cache chiplets. These will carry an additional 64 MB of L3 cache on top of the 32 MB L3 cache available in the CCDs, which means a total L3 cache of 192 MB. So, the entry could be fake, or it's also possible that CPU-Z cannot read the new processor correctly, given it hasn't received the latest update to support Ryzen 9 9950X3D2. Nonetheless, we are positive that AMD will launch the new processor very soon, as we already have plenty of hints for believing the same. AMD Ryzen 9000 "Granite ...
One of the world's most sought-after private companies is rumored to be making its public markets debut this calendar year. After remaining private for over two decades, Elon Musk's SpaceX is expected to go public at a market valuation of $1.5 trillion or higher. This would make it one of the 10 most valuable companies in the world by market cap . The company dominates the spaceflight market and r...
One of the world's most sought-after private companies is rumored to be making its public markets debut this calendar year. After remaining private for over two decades, Elon Musk's SpaceX is expected to go public at a market valuation of $1.5 trillion or higher. This would make it one of the 10 most valuable companies in the world by market cap . The company dominates the spaceflight market and recently merged with xAI, an artificial intelligence ( AI ) start-up that also owns the company formerly known as Twitter. Unless we enter a major bear market, there will likely be strong demand for SpaceX when it goes public later this year through an initial public offering ( IPO ). Did you know you can get exposure to SpaceX stock as an individual investor today? That's right, there are three ways investors can get an indirect piece of the SpaceX pie. Here are the three methods, the one with the most direct exposure, and whether indirectly investing in SpaceX before the IPO is a smart move for your portfolio. Continue reading
is editor-at-large and Vergecast co-host with over a decade of experience covering consumer tech. Previously, at Protocol, The Wall Street Journal, and Wired. Posts from this author will be added to your daily email digest and your homepage feed. The vocoder was never supposed to be a revolution in music. It wasn’t supposed to be anything in music, really. Its development began a century ago, when...
is editor-at-large and Vergecast co-host with over a decade of experience covering consumer tech. Previously, at Protocol, The Wall Street Journal, and Wired. Posts from this author will be added to your daily email digest and your homepage feed. The vocoder was never supposed to be a revolution in music. It wasn’t supposed to be anything in music, really. Its development began a century ago, when an engineer at Bell Labs was looking for a simpler way to send phone calls across copper telephone lines. The engineer, Homer Dudley, built some pretty neat technology that could both capture and synthesize the human voice. As so much great tech does, the vocoder immediately took on a life of its own. It played a key role in World War II, enabling secret communications across the ocean. And then, only a few years later, it started to become a musical phenomenon. At first a few artists were intrigued by the ability to play their voice like an instrument. Then everybody was. And we never looked back. On this episode of Version History, we tell the many stories of the vocoder. David Pierce is joined by Switched on Pop co-host and music journalist Charlie Harding, along with Dave 1 and P-Thugg, who perform as legendary electro-funk duo Chromeo. Together, the group explores how the vocoder became so popular, and why musicians gravitate to it — and to similar tech like Auto-Tune and the Talkbox. Dave and Pee also brought a vocoder and a talkbox to the studio with them, and have some serious demonstrating to do. This is the third episode of the third season of Version History. Here’s how to get every episode, and all our other fun stuff, as soon as it drops: If you’re a Verge subscriber, you can also get access to Version History (and all our other podcasts) with no ads. All you have to do is visit your account settings. If you want to hear some of Charlie’s and Chromeo’s favorite vocoder tracks, you’re going to want to check out this playlist: And if you want to know more about ...
It's getting difficult to sort through all of the artificial intelligence (AI) noise out there. Some people are warning of a looming AI bubble popping, while others are sounding the alarm about software companies being disrupted. And some are still saying AI's long-term impact is overstated. As with many things in life, there may be a shred of truth to all of them. The AI market is still taking sh...
It's getting difficult to sort through all of the artificial intelligence (AI) noise out there. Some people are warning of a looming AI bubble popping, while others are sounding the alarm about software companies being disrupted. And some are still saying AI's long-term impact is overstated. As with many things in life, there may be a shred of truth to all of them. The AI market is still taking shape, making it difficult to predict where it's headed. But that doesn't mean there aren't some clear winners. Here's why semiconductor company Broadcom (AVGO 2.99%) is in a unique position to benefit and why buying some of its shares could be a smart move. Booming AI infrastructure spending is accelerating Broadcom's business Broadcom designs application-specific integrated circuits (ASICs) used extensively in artificial intelligence data centers, and the surge in spending on AI compute power has accelerated Broadcom's sales and earnings. The company's AI revenue more than doubled in the first quarter (which ended Feb. 1) to $8.4 billion, and Broadcom's non-GAAP (generally accepted accounting principles) earnings per share jumped 28% to $2.05. Management believes AI revenue will continue to grow, reaching an estimated $10.7 billion in the second quarter and at least $100 billion in chip revenue in 2027. And research from Morningstar says Broadcom's estimate of AI sales doubling in 2027 could be "conservative." Broadcom is in a unique position to continue benefiting from the AI boom because the company holds a dominant position in AI ASIC processors, with a growing market share expected to reach 60% by next year, according to CounterPoint Research. That lead will help Broadcom capture much of the AI spending surge that's currently underway. Meta Platforms, Microsoft, Amazon, and Alphabet have all announced capital expenditures, mostly for AI, that collectively amount to $650 billion in spending this year. As these companies battle it out for AI dominance, Broadcom can sell t...
Travelers wait in line at a Transportation Security Administration (TSA) checkpoint at Hartsfield-Jackson Atlanta International Airport (ATL) in Atlanta, Georgia, US, on Friday, March 20, 2026. Elijah Nouvelage | Bloomberg | Getty Images Immigration and Customs Enforcement agents will deploy to airports on Monday to help ease security lines amid the Department of Homeland Security shutdown, Border...
Travelers wait in line at a Transportation Security Administration (TSA) checkpoint at Hartsfield-Jackson Atlanta International Airport (ATL) in Atlanta, Georgia, US, on Friday, March 20, 2026. Elijah Nouvelage | Bloomberg | Getty Images Immigration and Customs Enforcement agents will deploy to airports on Monday to help ease security lines amid the Department of Homeland Security shutdown, Border Czar Tom Homan said. President Donald Trump on Saturday threatened to deploy ICE agents to airports as the shutdown drags into its second month and creates headaches for travelers moving through hours-long security lines. Homan confirmed that ICE will be deployed on Monday during an appearance on CNN's "State of the Union." "We will be at the airports tomorrow, helping TSA move those lines along," Homan said, adding that ICE will assist in areas like guarding exit doors to relieve TSA agents for screening travelers. "We're simply there to help TSA do their jobs in areas that don't need their specialized expertise." The move to deploy ICE comes as the DHS shutdown, which began on Feb. 14, strains airport workers. Many TSA agents have either called out rather than work without pay or quit altogether. More than 400 TSA officers have left their jobs since the start of the shutdown, according to an NBC News report. Read more CNBC politics coverage Trump threatens to send ICE to airports if DHS shutdown doesn't end Former special counsel Robert Mueller has died at 81 Analysis: Trump's unshackled presidency puts him at the center of the economy Trump administration sues Harvard alleging failure to protect Jewish students Trump administration unveils national AI policy framework to limit state power Trump invokes Pearl Harbor in front of Japanese prime minister Public relations firm picks bar fight with Polymarket Iran war-induced fertilizer shortage threatens farm state GOP in midterms Trump signals DOJ should continue Powell probe, complicating Warsh Fed nom Trump's DHS pick Mar...
monsitj/iStock via Getty Images Gold ( XAUUSD:CUR ) was expected to rally amid war and inflation fears, but instead it has dropped sharply, falling about 14% since the start of the Iran conflict. The decline has surprised investors who typically view the metal as a safe haven in times of geopolitical stress, according to The Wall Street Journal's "Streetwise" column. Traditional explanations only ...
monsitj/iStock via Getty Images Gold ( XAUUSD:CUR ) was expected to rally amid war and inflation fears, but instead it has dropped sharply, falling about 14% since the start of the Iran conflict. The decline has surprised investors who typically view the metal as a safe haven in times of geopolitical stress, according to The Wall Street Journal's "Streetwise" column. Traditional explanations only go so far. A stronger U.S. dollar ( DXY ) and rising real interest rates should weigh on gold, but the metal has also fallen in other currencies and has dropped even on days when the dollar weakened. That suggests deeper forces at play. The bigger issue appears to be positioning. Gold ( XAUUSD:CUR ) had become one of the most popular trades over the past year, attracting heavy inflows from investors and central banks. When the conflict began, many traders sold to lock in gains or reduce risk, accelerating the decline. Speculative activity also played a role. Strong demand for gold-backed ETFs and momentum-driven buying had pushed prices higher alongside other crowded trades. As those positions unwind, gold has come under pressure. There are also shifting fundamentals. Central banks had been major buyers, partly to diversify away from dollar reserves after Russia’s assets were frozen. But the current energy shock could force some countries to spend reserves rather than accumulate more gold. Oil-exporting nations facing disrupted shipments may even need to sell. Consumers in major gold-buying countries like India and China could also reduce demand as higher energy costs strain household finances. While these pressures may ease over time, the episode highlights a key risk: even traditional safe havens can fall when too many investors crowd into the same trade. More on Gold Spot Price, SPDR Gold Shares ETF, etc. A Needed Consolidation Has Gotten A Bit Uglier (Technical Analysis) Week Ahead: The War And Anticipated Policy Responses Drive The Capital Markets India Gold Market Upd...