Jardine Matheson Holdings Ltd. is nearing an agreement to buy I-MED Radiology Network Ltd. , people familiar with the deal said on Sunday, an acquisition that would add Australia’s biggest medical diagnostic imaging provider to the conglomerate’s portfolio. Asia-focused Jardine and I-MED’s private equity owner Permira are finalizing the details of a transaction that may value I-MED at about A$3.4 billion ($2.4 billion), including debt, said the people, asking not to be identified because the deliberations are private. A deal could be announced as soon as Monday, the people said. Representatives for Jardine and Permira declined to comment. The AFR reported the transaction earlier. I-MED has more than 250 clinics across Australia offering services such as MRI, CT, X-Ray, ultrasound and nuclear medicine, according to Permira’s website . London-based Permira bought I-MED in 2018 from EQT AB and other investors for about A$1.3 billion, people with knowledge of the matter said at the time. Hong Kong-based Jardine, which traces its roots back to an opium trading house founded in 1832, has been ramping up efforts to increase investor returns. Last year, it appointed Lincoln Pan , previously co-head of private equity at PAG, as chief executive officer to replace a three-decade veteran. In January, the company bought the remaining 12% of hotel arm Mandarin Oriental International Ltd. it didn’t already own.

Getty Images By Elior Manier Week in Review - Earnings break records, pulling markets higher Market participants endured an absolute rollercoaster of emotions over the past five sessions, navigating a landscape that violently whipsawed between extreme fear and sudden euphoria. The week kicked off with intense anxiety as the United States firmly rejected an initial Iranian diplomatic offer, a move that immediately spiked crude oil prices and threatened to reignite severe inflationary pressures. Compounding this geopolitical dread was a severe, hawkish monetary repricing. Following the official confirmation of Kevin Warsh as the incoming Federal Reserve Chairman, institutional capital aggressively scrambled to price in a revolutionary, austere era of balance sheet reduction. This emerging trade unleashed a ruthless wave of US dollar dominance, temporarily suffocating equities, precious metals, and crypto beneath the weight of surging bond yields. However, just as the technical charts looked their bleakest, the narrative completely flipped. A sudden, highly promising path to peace emerged, supported by strategic Middle Eastern mediation. This breakthrough triggered a massive risk-on relief rally heading into the weekend. As the geopolitical clouds finally begin to clear, traders are aggressively recalibrating their portfolios, getting ready for next week's incredibly important bet on global stability. Weekly Performance across Asset Classes Weekly Asset Performance - May 22, 2026 (Source: TradingView) With oil tumbling 7%, the rest of the market shines. European stock markets are once again at the top of global assets. Keep an eye on the huge outflows in cryptos towards the end of the week. The Week Ahead - GDP releases and a potential path to peace Asia-Pacific Markets - RBNZ Meeting, Australian and Japanese CPI The entire action in Asia will be focused on Wednesday and Thursday, with a key inflation release for Australia, shortly followed by the RBNZ rate decision, w...

Forever is a long time, especially in investing, where a company can lose its edge for any number of reasons as the world around it changes over the years. Even businesses with decades of past success aren't a sure thing for the future. That said, companies that are the best at what they do, have proven brands, and sell something consumers will need over and over again can be as close to forever stocks as you'll find. Here are three dividend stocks that fit that description. They all happen to hail from the consumer goods sector. After all, consumer spending is the engine of the U.S. economy. These stocks all offer durable growth and dividends that can add up to tremendous investment returns over the years ahead. Consider buying and stashing them in your portfolio indefinitely. 1. Costco Wholesale The retail industry is ruthlessly competitive, but Costco Wholesale (COST 2.14%) stands out for several reasons. The company sells bulk merchandise in warehouse stores that require a paid membership. The membership fees drive Costco's bottom line, allowing the company to sell goods at razor-thin margins. The business model also attracts higher-income shoppers who are more likely to pay up for bulk quantities to recognize more savings per unit. Expand NASDAQ : COST Costco Wholesale Today's Change ( -2.14 %) $ -22.47 Current Price $ 1027.98 Key Data Points Market Cap $456B Day's Range $ 1025.19 - $ 1044.90 52wk Range $ 844.06 - $ 1096.50 Volume 104.4K Avg Vol 1.9M Gross Margin 12.93 % Dividend Yield 0.52 % Costco has built its brand with some ingenious loss leaders, including its famous $1.50 hot dog meal, which seems to have a cult following. In fact, Costco is so well known that it spends no money on advertising. Costco continues to grow through a combination of sales growth and membership price hikes, and management has rewarded shareholders along the way with regular dividends and occasional special dividends. The formula works quite well. Costco Wholesale's stock has ou...

The end of the year is the perfect time to reflect on your portfolio. But sometimes, that can lead to anxiety if there is a rift between where your portfolio is and where you want it to be. Instead of trying to trade your way out of discomfort, a better approach is to engage in exercises that can help set the stage for compounding your wealth over time. Here are investment portfolio actions worth taking before the end of the year. Conduct a portfolio review Investing in the art of putting capital to work in quality companies, identifying risks that can derail an investment thesis, and sticking with winning companies over time -- these are all part of a portfolio review. Having an investment thesis for each asset you own is paramount. Some can be short, whereas others can be long. But it's essential to know what a company does, what it is trying to do, and why you believe it is worth putting your hard-earned money into. You can also make investment theses for companies you don't own but are high on your watchlist so that you can have the conviction to buy them when it makes sense for you to do so. As an example, here's the essence of my investment thesis on Microsoft (NASDAQ: MSFT): Microsoft is an industry-leading company with exposure to several end markets. It has evolved from mediocre sales growth and weak margins to a high-margin cash cow -- largely thanks to the build-out of Microsoft Cloud and product upgrades of existing software. Microsoft is monetizing artificial intelligence (AI) throughout its product suite, from Microsoft 365 to GitHub, Azure, and more. The company is well diversified across hardware and software. It owns LinkedIn and has a powerful place in gaming with Xbox and Activision Blizzard. Microsoft generates plenty of excess earnings to pay a growing dividend and repurchase more than enough stock to offset stock-based compensation, which grows earnings per share by decreasing the outstanding share count and making Microsoft a better value. Bec...

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The Mandalorian and Grogu , the first film in the Star Wars franchise in seven years, was the highest-grossing movie in the US and Canada over the four-day holiday weekend with $102 million in ticket sales. The performance compares with estimates of at least $100 million from industry tracker Boxoffice Pro. Although it would be considered a strong start for any other big-budget release, it’s among the lowest debuts for a Star Wars picture since franchise-owner Lucasfilm was acquired by Walt Disney Co. in 2012. Directed by Jon Favreau , The Mandalorian and Grogu follows the adventures of bounty hunter Din Djarin, played by Pedro Pascal, and a young acolyte named Grogu — colloquially known as Baby Yoda. It’s the first Star Wars film to be shot entirely in California, aided by $22 million in state tax credits. Early reviews have been mixed , with some saying that the film lacks scope — both in geography and in storyline — while others call it “purely entertaining.” It won 63% approval with critics on Rotten Tomatoes and 89% with audiences. The storyline and characters are adapted from The Mandalorian , a TV series that debuted on the Disney+ streaming service in 2019. “Bringing these stories to the big screen, there’s an opportunity to engage with potential audience members who may have not been following Star Wars closely,” Favreau said in an interview at the Los Angeles premiere of the film on May 14. “I think it’s incumbent upon us to put stuff on the screen and put it on in a way that rewards them for going when it’s in the theaters.” Read More: Disney Is Banking on Baby Yoda to Revive the ‘Star Wars’ Saga To give the film a more cinematic feel, Favreau said The Mandalorian and Grogu includes choreographed action sequences that go toe-to-toe with John Wick or Jason Bourne , and that his team spent more on visual effects than the series did. He also built sets that would lend themselves to the vertical imagery of a giant Imax Corp. screen rather than a widescreen TV...

William_Potter/iStock via Getty Images After a strong 2025, emerging market equities were broadly flat during the quarter. Following a promising start to the year, markets pulled back sharply in March amid escalating tensions in the Middle East. Performance at the country level was led by strength in Brazil and South Korea. Brazilian equities benefited from stronger commodity prices and improved domestic policy visibility, supporting companies tied to energy and financials. South Korea advanced on the back of a recovery in technology-related exports, particularly in memory semiconductors. In contrast, India and China were weaker, as investor concerns around growth and company-specific issues weighed on returns. During the quarter, our Emerging Markets Select Value portfolio rose and outperformed both the MSCI Emerging Markets Index and MSCI Emerging Markets Value Index. Consumer staples, information technology, and energy were the largest contributing sectors. Korean semiconductor manufacturer Samsung Electronics ( SSNLF ) was the largest contributor, supported by a strengthening memory cycle driving improved pricing and margins across its core businesses. Brazilian oil producer Petrobras ( PBR ) also performed well, benefiting from higher oil prices driven by geopolitical tensions, alongside a more established domestic fuel pricing framework that helped alleviate investor concerns around policy intervention. Chinese truck and engine manufacturer Weichai Power ( WEICF ) contributed on the back of strong demand for power solutions tied to data center and infrastructure buildout. Consumer discretionary, communication services, and real estate were the largest detracting sectors. Shenzhou International ( SHZHY ), a China-based apparel manufacturer, declined after reporting weak results, reflecting tariff-related cost pressures and softer demand from key global apparel customers. IT services provider Cognizant ( CTSH ) reported strong bookings and market share gains, bu...

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With no food aid, 65-year-old Saeedah Mohammed heads out with a plastic bag to pick tree leaves near her displacement camp in southern Yemen, before serving them to her grandchildren to stave off hunger. Behind the camp wooded hills stretch under a clear sky, while on the ground, yellowed and stony earth is strewn with rubbish. Amid the trash and destitution, daily life manages to organise itself, however imperfectly. Advertisement Worn-out clothes dry on lines strung between spindly trees, and two old discarded tyres lie in the dust. In Al-Manij camp near Taez in southwest Yemen, Mohammed lives in a makeshift tent with her two divorced daughters and their six children. Advertisement Aid from the World Food Programme (WFP), on which her family depended, stopped more than six months ago.

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NVIDIA (NVDA) just reported record quarterly results, paired with a 25x dividend increase to US$0.25 per share and a new US$80b buyback. This puts capital returns and AI growth firmly in focus for shareholders. Despite a slight pullback around the results, with the share price down 1.9% over the last day and 4.4% over the past week, NVIDIA still shows firm momentum, with a 30 day share price return of 3.4% and a 1 year total shareholder return of 64.1% on the back of record AI demand, Vera CPU announcements and the expanded capital return program. If NVIDIA’s results have you rethinking your AI exposure, this is a good moment to look beyond the giants and see what else is emerging in AI infrastructure through With record revenue, a very large dividend hike and a US$80b buyback now on the table, NVIDIA is clearly rewarding shareholders. At a US$5.2t market cap, however, is the stock still mispriced or already reflecting years of future AI growth? Advertisement Most Popular Narrative: 36.6% Undervalued Compared to NVIDIA’s last close of $215.33, the most followed narrative on Simply Wall St sees fair value at $339.90, which implies a sizeable valuation gap and puts long term AI demand assumptions front and center. Nvidia will hit $400b annual revenue in 5 years time. ~90% of revenue will come from data centre customers. This equates to $90b / quarter, or equivalent to 30,000 Blackwell racks (at ~$3m per rack). According to KiwiInvest, this fair value rests on bold revenue concentration in data centers, aggressive rack deployments and sustained AI hardware refresh cycles. It also raises the question of what growth path and margin structure are incorporated into that view. Result: Fair Value of $339.90 (UNDERVALUED) However, this depends on NVIDIA maintaining its lead in AI software and avoiding major regulatory or power supply constraints that could slow data center demand and spending. Another View Using Our DCF Model The user narrative points to a fair value of $339....

Roberto Schmidt/Getty Images News President Donald Trump on Sunday cautioned that the United States wouldn’t rush into a peace agreement with Iran, tempering optimism that a breakthrough in the months-long conflict could arrive quickly. In a post on Truth Social, Trump said the U.S. blockade on Iranian shipping through the Strait of Hormuz would “remain in full force and effect until an agreement is reached, certified, and signed.” He added that negotiations were progressing but stressed patience, writing: “Both sides must take their time and get it right. There can be no mistakes!” President Trump said a blockade of the Strait of Hormuz remains in effect. (Truth Social) The comments marked a more cautious tone after Trump said a day earlier that Washington and Tehran had “largely negotiated” a memorandum of understanding aimed at reopening the strategically vital waterway. Before the conflict erupted in late February, the Strait of Hormuz handled roughly one-fifth of global oil and liquefied natural gas shipments. For investors, the stakes extend far beyond geopolitics. Any durable ceasefire or reopening of the strait could ease pressure on energy markets, shipping costs and inflation-sensitive sectors ranging from airlines to agriculture. But continued uncertainty threatens to keep oil and natural gas prices volatile, complicating central bank policy and corporate earnings forecasts worldwide. Major disagreements reportedly remain over Iran’s nuclear program, sanctions relief and access to billions of dollars in frozen oil revenues. Iranian media reports suggested negotiators were still divided over key provisions of the proposed framework agreement. Iranian officials have also continued to assert control over shipping access in the Strait of Hormuz, underscoring how fragile any potential arrangement could be. Traffic through the passage remains sharply below prewar levels, with Iran’s Revolutionary Guards saying only 33 vessels passed through over a recent 24-hou...

美股AI大牛市突遭警告。 美银美林首席投资策略师Michael Hartnett 在最新发布的报告中警告称，SpaceX、OpenAI等史诗级IPO恐将把AI（人工智能）、芯片等科技股在美股基准指数中的权重推向以往市场泡沫时期的集中度水平，这可能将美股市场推向更危险的边缘。他还发出迄今最明确的泡沫预警：“当前AI主题驱动的市场泡沫已是19世纪铁路泡沫以来规模最大的一次。” 在IPO前夕，SpaceX完成了“关键一战”。当地时间5月23日，SpaceX升级版星舰V3成功升空并部署了模拟卫星，完成了该版本的首次亮相，这是SpaceX在IPO之前，最关键的技术实力展示。 华尔街突发警告 号称“华尔街最准分析师”的Michael Hartnett表示，SpaceX、OpenAI等巨型IPO，或将把科技股在基准指数中的权重推向以往市场泡沫时期的集中度水平。 目前，全球首富埃隆·马斯克旗下的SpaceX IPO进程正在加速，ChatGPT开发商OpenAI则力图抢在竞争对手Anthropic之前上市。 这些巨型IPO将进一步助长市场对科技和AI的乐观情绪，而这种情绪此前已然催生了数十年来集中度最高（广度最为狭窄）的牛市行情。 Hartnett在最新发布的报告中指出，一旦SpaceX、OpenAI等超级IPO落地，AI科技股在美股基准指数中的权重占比将轻松突破约48%，将超越上世纪20年代“咆哮年代”、70年代“漂亮50”、80年代日本股市以及90年代科技-媒体-电信泡沫等所有历史性泡沫，唯一尚未超越的是19世纪80年代铁路泡沫顶峰时期的63%。 Hartnett认为，多头此刻并不会轻易离场，他们给出两个等待条件：一是SpaceX与OpenAI等巨型IPO完成定价；二是未来数月内CPI攀升至4%至5%并触发重大政策收紧。 他指出，没有人会在历史性IPO定价之前主动削减多头仓位，承销银行也不会允许在此之前市场崩盘，因为那将令其损失数十亿美元的承销费。 但Hartnett在报告中提示称：“美股市场在仓位和盈利方面的看涨情绪已达共识峰值，加上收益率开始回升，暗示此处可能出现获利了结。” Hartnett明确指出，债券收益率飙升是历次繁荣与泡沫走向终结的共同路径。 Hartnett表示，若通常被视为投机性资产的生物科技类ETF跌至120美元，意味着债券收益率仍在持续飙升；而若追踪零售的E...

AMD pledged more than $10 billion to Taiwan's AI supply chain on May 21 — and two days later, CEO Lisa Su explained exactly why: the bottleneck that strangled AI chip production throughout 2024 and 2025 has moved. Advanced packaging is no longer the primary constraint. High-bandwidth memory is. The shift, identified publicly by Su this week, matters to anyone planning to buy a laptop, phone, or desktop before 2028, because the same reallocation of silicon wafers that feeds AI data centers is already removing the sub-$500 PC from store shelves. "Commodities like memory have become tighter," Su told investors at a recent conference, flagging constrained availability of memory components as a gating factor for AI accelerator shipments and data center deployments. The remark came alongside AMD's first-quarter 2026 earnings call, during which Su said the company had "secured enough supply to certainly meet and exceed our targets" — a statement of competitive positioning that simultaneously confirmed how contested memory allocation has become across the entire industry. Bottleneck Shifts from Packaging to High-Bandwidth Memory For the past two years, advanced packaging — specifically TSMC's CoWoS process — was the chokepoint every AI chipmaker navigated. CoWoS, or Chip-on-Wafer-on-Substrate, fuses logic dies and high-bandwidth memory stacks onto a shared silicon interposer, creating the dense, short-path connections that AI accelerators require and that conventional packaging cannot match. When CoWoS capacity was tight, everything downstream stalled. That constraint is now easing. TSMC's CoWoS output reached approximately 75,000 wafers per month in 2025, and analysts at TrendForce project further expansion to 120,000 monthly by the end of 2026 through capacity additions at its AP6, AP7, and AP8 advanced packaging facilities. Memory is harder to loosen. Producing a single gigabyte of HBM3E — the high-bandwidth memory generation inside current AI accelerators — consumes rou...

多图速览>> 5月18日至5月22日，A股指数多数上涨，沪指累计跌0.54%，深成指涨0.23%，创业板指涨0.24%，科创综指涨3.54%，科创50指数周涨5.57%。 ►主力资金：通信板块遭抛售超300亿元 京东方A获加仓居首 按申万一级行业来看，本周（5月18日至5月22日）五个交易日内，交通运输、银行、家用电器板块获得主力资金青睐。通信、电力设备、有色金属、电子、计算机等板块遭净流出额居前。其中通信板块遭抛售超300亿元。 个股方面，本周京东方A获净流入36.95亿元居首，周涨24.64%。阳光电源、北方华创主力净流入分别为34.19亿元、14.82亿元。净流出方面，中际旭创、天孚通信、立讯精密分别遭抛售53.53亿元、46.14亿元、42.17亿元。 ►机构调研个股：深南电路获138家机构关注 Wind数据显示，机构本周（5月18日至5月22日）共调研了981家上市公司，其中深南电路最获关注，参与调研的机构为138家。奥比中光-W、科威尔、海通发展分别获75家、68家、55家机构调研。 据统计，宁波银行、新筑股份、潍柴重机获机构调研3次，恒逸石化、丽珠集团、齐心集团等多股获调研2次。 从调研行业来看，机构持续聚焦商品化工、工业机械、电子元件等板块。 ►机构本周首次青睐56只个股 Wind数据显示，机构本周首次关注56只个股，其中12股被给予目标价。 -潍柴动力获国信证券给予“优大于市”评级，目标价为38.87至40.81元，该股最新收盘价为34.01元； -海博思创获中邮证券“买入”评级，目标价为294.00元，最新收盘价为252.16元； -中国人寿获东方证券给予“买入”评级，目标价为55.20元，该股最新收盘价为33.82元； -摩尔线程-U、大族激光、苏州天脉等股本周均获机构首次关注。

SOXL260626P00165000 互動股市圖表 | SOXL Jun 2026 165.000 put 股市 Yahoo 財經

The court decided that Özel should be replaced by Kemal Kilicdaroğlu, a 77-year-old party veteran who was defeated by Erdoğan in the 2023 presidential election and then voted out as party leader.

格隆汇5月24日｜迪士尼宣布，《星球大战》新片《曼达洛人与格罗古》预计截至周一，全球票房将达1.65亿美元。

A lot of investors think that the markets slow down during the summer. That's often true in terms of trading volumes, but it doesn't mean that there aren't gains still to be had. If you look at monthly S&P 500 results over the past several decades, some of the weaker returns do happen during the summer months (this helped inspire the "sell in May and go away" trope). Given the historical trend toward modest returns during this window and below-average trading volumes, that creates the potential for more significant swings in share prices, should there be a catalyst to ignite them. How to think about the 2026 summer trading season We've seen that over the past two summers. Last year, the volatility created by the "Liberation Day" tariffs carried into the earlier part of summer. In 2024, the reverse yen carry trade unwind caused the VIX to spike as high as 65 in August. With the Fed potentially now being forced to take a more hawkish stance due to high inflation and the Iran war showing little sign of ending, it's possible we could again be entering an uncertain period for equity prices. U.S. stocks have had a strong two months. Investors may want to consider positioning themselves a little more defensively, given the macro backdrop and how far equity prices have come already. Here then are three exchange-traded funds (ETFs) to consider as we head into the dog days of summer. iShares MSCI USA Minimum Volatility Factor ETF One of the easiest ways to maintain equity exposure while dialing back risk is by investing in an ETF that focuses on limiting volatility. The iShares MSCI USA Minimum Volatility ETF (USMV +0.88%) does exactly this by creating a portfolio of stocks optimized to minimize overall volatility. You may look at the fund's current top holdings, see Nvidia and Microsoft sitting in the top five, and wonder how in the world these would be included in a volatility-focused fund. So it's key to understand the difference between "low volatility" and "minimum volat...

Key Points Trading volumes tend to decline in the summer as people take vacations and get out of the office. History shows that the summer months often feature below-average returns and downside risk catalysts. Given the run-up we've seen over the past two months, here are three ETF ideas designed to protect your capital. 10 stocks we like better than Vanguard High Dividend Yield ETF › A lot of investors think that the markets slow down during the summer. That's often true in terms of trading volumes, but it doesn't mean that there aren't gains still to be had. If you look at monthly S&P 500 results over the past several decades, some of the weaker returns do happen during the summer months (this helped inspire the "sell in May and go away" trope). Given the historical trend toward modest returns during this window and below-average trading volumes, that creates the potential for more significant swings in share prices, should there be a catalyst to ignite them. 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 » How to think about the 2026 summer trading season We've seen that over the past two summers. Last year, the volatility created by the "Liberation Day" tariffs carried into the earlier part of summer. In 2024, the reverse yen carry trade unwind caused the VIX to spike as high as 65 in August. With the Fed potentially now being forced to take a more hawkish stance due to high inflation and the Iran war showing little sign of ending, it's possible we could again be entering an uncertain period for equity prices. U.S. stocks have had a strong two months. Investors may want to consider positioning themselves a little more defensively, given the macro backdrop and how far equity prices have come already. Here then are three exchange-traded funds (ETFs) to consider as we head into the dog days of su...

The 2026 Tesla Model Y is a compact electric SUV focused on range, practicality and advanced driver assistance for US families and commuters. Here is how it works and where it fits in daily American driving. The 2026 Tesla Model Y is a compact electric SUV designed for everyday family use and highway commuting in the United States, built on Teslas Model 3 platform and sold nationwide through Teslas direct sales model Tesla, 03/15/2024. As of: 05/24/2026 | Reading time: approx. 9 minutes By the AD HOC NEWS editorial team - specialized in product-focused market coverage. At a Glance Product: 2026 Tesla Model Y 2026 Tesla Model Y Category: Compact electric SUV Compact electric SUV Brand/Manufacturer: Tesla Tesla Primary Use Cases: Daily commuting and family transport Daily commuting and family transport Availability: Built-to-order via Tesla online in the US Built-to-order via Tesla online in the US Core Markets: United States, Europe, China What the 2026 Tesla Model Y Is and How It Works The 2026 Tesla Model Y is a battery electric compact crossover SUV that shares its basic platform with the Tesla Model 3 sedan, using an underfloor battery pack and one or two electric motors for propulsion Tesla, 03/15/2024. Instead of a gasoline engine, the Model Y stores energy in a high voltage lithium ion battery pack that powers the motors. Drivers charge the vehicle at home on Level 2 wall connectors or on public DC fast chargers, including Tesla Supercharger stations spread across US highways U.S. DOE fueleconomy.gov, 04/10/2024. In everyday use, the electric drivetrain delivers near instant torque, so the Model Y accelerates smoothly without gear shifts. Regenerative braking recovers energy when the driver lifts off the accelerator, slowing the car while feeding electricity back into the battery for improved efficiency Tesla, 01/30/2024. Why the 2026 Tesla Model Y Matters for US Consumers and Industry The Model Y plays a central role in making electric SUVs mainstream in the ...

The self-proclaimed largest truck stop in the world offers drivers just about everything they might need during a break. The Iowa 80 parking lots offer 900 spots for trucks and dozens more for passenger cars, while the varieties of snacks, drinks and souvenirs in the market are uncountable. Elsewhere on the premises is a dentist, a barber and a chiropractor, a weight room, a 24-hour diner and a movie theater. There is also a Truckomat, to wash your truck, and a Dogomat, to wash your dog. But the one thing that Iowa 80 does not offer is relief from the price of gas, which has increased sharply ever since the US joined Israel in attacking Iran and sparking a global energy crisis. On a recent afternoon, a gallon of regular gasoline at the sprawling stop in eastern Iowa went for $4.26, and diesel $5.72. “It’s a lot of money,” said Malvinder Grewal, as he gazed at a receipt showing he had just spent $809 to fill up his 18-wheeler, which was laden with a shipment of dog food that he expected would net him $2,550 for delivery to Ohio. As the summer travel season kicks off in the United States, analysts expect the high gas prices precipitated by the war with Iran to stick around. Average gas prices are the highest they have been in four years, according to the American Automobile Association, and price tracker GasBuddy predicted this week that, if the strait remains closed, pump prices could break records in the months ahead. It’s a perilous position for Donald Trump to be in before November’s midterm elections, when his Republican allies will be defending their control of Congress. His administration has responded by approving the sale of fuel with a higher ethanol content that can be cheaper but risks increasing smog, while the president has floated suspending the federal gas tax. Evidence has meanwhile mounted that the price increases have enhanced voters’ discontent with his presidency. Recent polls have found Trump’s public approval ratings in the high 30-percentage po...

is the Verge’s weekend editor. He has over 18 years of experience, including 10 years as managing editor at Engadget. Posts from this author will be added to your daily email digest and your homepage feed. Hiking is one of life’s great joys. Turning off the screens and stepping out into nature for an extended period of time, perhaps even several days, is rejuvenating. Unfortunately, as someone with two young kids and a bad back, I’m not really able to go backpacking anymore. So I often find myself trying to live vicariously through others who write about their lengthy travails along the Appalachian or the PCT. That’s what I thought I was signing up for when I picked up On Trails: An Exploration by Robert Moor. But it turned out to be so much more. The prologue starts with Moor talking about his decision to thru-hike the Appalachian Trail. And chapter one doesn’t stray too far from the expected subject matter either. It focuses primarily on Moor’s trip to Western Brook Pond in Newfoundland and broadly discusses the concept of wilderness. His talents as a writer are apparent from moment one. A storm pins Moor down on a ridge: For the better part of an hour, awash in mounting waves of tympanic rumble, I had time to reconsider the merits of hiking. Stripped of its Romantic finery, the wild ceased to inspire; only a gauzy scrim separated sublimity and horror. This is perhaps the first hint that what you’re in for is not some travelogue or a simple memoir that uses the trail as a narrative device. Chapter two immediately solidifies this, launching a discussion of ant trails and the fine distinctions of various English words for lines of movement. On Trails bounces around gleefully from topic to topic: Game trails, fiber optic wires, Moor’s stint as a shepherd. And all throughout, Moor seamlessly navigates shifting tones. One moment, he’s waxing poetic about the power of nature, the next, he’s spinning an anecdote about misplacing an entire flock of sheep with a comic’s se...