SlavkoSereda/iStock via Getty Images The British military announced on Saturday that a tanker transiting the Strait of Hormuz had come under fire from two gunboats operated by Iran’s Revolutionary Guard. The incident occurred after Tehran announced earlier in the day that it would reimpose restrictions on ships passing through the Strait of Hormuz, as the U.S. blockade of the vital maritime trade ...
SlavkoSereda/iStock via Getty Images The British military announced on Saturday that a tanker transiting the Strait of Hormuz had come under fire from two gunboats operated by Iran’s Revolutionary Guard. The incident occurred after Tehran announced earlier in the day that it would reimpose restrictions on ships passing through the Strait of Hormuz, as the U.S. blockade of the vital maritime trade route continued. Confusion over the critical chokepoint threatened to deepen the energy crisis roiling the global economy and push the two countries toward renewed conflict, even as mediators expressed confidence a new deal was within reach. Iran’s joint military command said on Saturday that “control of the Strait of Hormuz has returned to its previous state ... under strict management and control of the armed forces.” It warned that it would continue to block transit through the strait as long as the U.S. blockade of Iranian ports remained in effect. Two gunboats from Iran’s Revolutionary Guard opened fire on a tanker transiting the Strait of Hormuz, the British military's United Kingdom Maritime Trade Operations center said on Saturday. It reported the tanker and crew as safe, without identifying the vessel or its destination. TankerTrackers.com reported vessels were forced to turn around in the strait, including an Indian-flagged super tanker, after they were fired on by Iran. Iran announced earlier Saturday it was reimposing restrictions on the strait in response to a U.S. blockade on Iranian shipping and ports. Iran has prevented vessels from crossing throughout the seven-week-long war, except for ones it authorizes. Ebrahim Azizi, head of the Iranian parliament’s National Security Commission, said that the strait was “returning to the status quo,” which he had earlier described as ships requiring Iranian naval authorization and toll payment before transiting. The shift came a day after Iran's Foreign Minister Abbas Araghchi declared the strait open while a 10-day tru...
Changing climate, new techniques and a homegrown study programme have all helped drive a UK viticulture boom Rows of vines stretch across the rolling hills of rural Dorset. Currently waist height, they appear bare against a bleak spring sky. Up close, you can see they are already dotted with tiny woolly buds as they exit their winter dormancy for a new growth cycle. Come summer these rows will be ...
Changing climate, new techniques and a homegrown study programme have all helped drive a UK viticulture boom Rows of vines stretch across the rolling hills of rural Dorset. Currently waist height, they appear bare against a bleak spring sky. Up close, you can see they are already dotted with tiny woolly buds as they exit their winter dormancy for a new growth cycle. Come summer these rows will be laden with chardonnay, pinot noir and pinot meunier grapes, ready to make the latest batch of English sparkling wine from the Langham estate near Dorchester. Continue reading...
Nicholas Enrich was an eyewitness to the dismantling of the US foreign aid organization by the Trump administration Sign up for the Breaking News US email to get newsletter alerts in your inbox Nicholas Enrich was working in Kenya in 2003 when the then US president George W Bush signed a landmark $15bn, five-year commitment to combat HIV , the largest international health commitment by any nation ...
Nicholas Enrich was an eyewitness to the dismantling of the US foreign aid organization by the Trump administration Sign up for the Breaking News US email to get newsletter alerts in your inbox Nicholas Enrich was working in Kenya in 2003 when the then US president George W Bush signed a landmark $15bn, five-year commitment to combat HIV , the largest international health commitment by any nation to fight a single disease. It was the peak of the epidemic, and for the young American government aid worker “it clicked that my government was ready to join the fight against HIV and I was excited to be a part of that”, he says. Continue reading...
Justice for Fayed and Harrods Survivors group claim there are ‘dozens of individuals who must be held to account’ A group of 50 survivors of alleged sexual abuse by Harrods’ former owner Mohamed Al Fayed are calling for “meaningful consequences” for those who they claim facilitated and ignored the abuse. “If they think the money is the important factor they are so far off the mark,” said Jen Mills...
Justice for Fayed and Harrods Survivors group claim there are ‘dozens of individuals who must be held to account’ A group of 50 survivors of alleged sexual abuse by Harrods’ former owner Mohamed Al Fayed are calling for “meaningful consequences” for those who they claim facilitated and ignored the abuse. “If they think the money is the important factor they are so far off the mark,” said Jen Mills, a member of the Justice for Fayed and Harrods Survivors group. They claim there are “dozens of individuals who must be held to account”, from a range of eras. Continue reading...
Herbs, spices and love may be the secret to great falafel, but which supermarket versions hit chickpea perfection and which are over-processed duds? • The best tinned and jarred chickpeas It was surprisingly hard to find good, traditional falafels in the supermarkets for this test. While most of those on offer were delicious, many had long, complex ingredients lists, other than two standouts made ...
Herbs, spices and love may be the secret to great falafel, but which supermarket versions hit chickpea perfection and which are over-processed duds? • The best tinned and jarred chickpeas It was surprisingly hard to find good, traditional falafels in the supermarkets for this test. While most of those on offer were delicious, many had long, complex ingredients lists, other than two standouts made with just chickpeas, herbs, spices and sodium bicarbonate. Even some of the better falafels had unnecessarily long ingredients lists, despite being relatively minimally processed, but at their worst, some of these falafels were much more processed and included dehydrated potato flakes, pea protein, refined soya bean oil and stabilisers. The best, however, were delicious and contained lots of herbs, spices and even love. Continue reading...
In Canada, fans and foes of Chinese electric vehicles are holding their breath for brands like BYD to hit the market. Whether they love them or not, they share the hope that Chinese carmakers will help to bring all EV prices down, as affordability becomes a growing concern for consumers. Companies including BYD, Geely, Nio and Xpeng are preparing to roll out sales locations in Canada, seizing the ...
In Canada, fans and foes of Chinese electric vehicles are holding their breath for brands like BYD to hit the market. Whether they love them or not, they share the hope that Chinese carmakers will help to bring all EV prices down, as affordability becomes a growing concern for consumers. Companies including BYD, Geely, Nio and Xpeng are preparing to roll out sales locations in Canada, seizing the opportunity of warmer ties between the two countries. Ottawa struck a milestone trade deal with...
Derek Sylvester with members of his family, team and mascot Molly, who was featured on the dealership's logo. Courtesy Sylvester Chevrolet Derek Sylvester's father built the family's original Chevrolet dealership with his bare hands on Main Street in rural Peckville, Pennsylvania, in 1972. The store and family have been a pillar of the village, outside Scranton, ever since. That was until late las...
Derek Sylvester with members of his family, team and mascot Molly, who was featured on the dealership's logo. Courtesy Sylvester Chevrolet Derek Sylvester's father built the family's original Chevrolet dealership with his bare hands on Main Street in rural Peckville, Pennsylvania, in 1972. The store and family have been a pillar of the village, outside Scranton, ever since. That was until late last month, when Sylvester and his family closed a deal to sell Sylvester Chevrolet to a New York-based dealer group. "As a family, we decided this might be the time," said Sylvester, who at 67 has been contemplating retirement. "Unless you're a larger store, a much larger store, it's a little bit harder to make money. ... It's just scale." Many of Sylvester's family members plan to continue working at the dealership, but he said they didn't feel they were in a position to continue running the business amid the rapidly changing automotive retail landscape in the U.S. The industry is facing a tumultuous adoption of all-electric vehicles, technological shifts such as artificial intelligence, and growing demands from automakers. Sales of dealerships such as Sylvester Chevrolet are occurring across the country at a rapid pace as the business of selling cars, once considered the purview of mom-and-pop shops, has evolved into a lucrative trillion-dollar industry rife with consolidation that has drawn more notice from Wall Street and investors in recent years. While the National Automobile Dealers Association, or NADA, reports that the vast majority of its U.S. franchised dealers are small business owners such as Sylvester who have fewer than six stores, the top retailers in the country have significantly grown. The top 150 dealers sold 27% of all retail and fleet new vehicles in 2025, up from 24.3% in 2021 and 21.2% in 2015, according to Automotive News' annual ranking of top automotive retailers. They also owned roughly a quarter of dealerships last year, up from less than 20% a de...
In this article NVDA Follow your favorite stocks CREATE FREE ACCOUNT watch now VIDEO 3:06 03:06 Nvidia's once-tight bond with gamers is cracking over AI: 'That breaks my heart' Tech For its first 30 years, Nvidia wasn't a household name unless you were a gamer. Now, some of its original fan base feel left behind as artificial intelligence has made the chipmaker the world's most valuable company. "...
In this article NVDA Follow your favorite stocks CREATE FREE ACCOUNT watch now VIDEO 3:06 03:06 Nvidia's once-tight bond with gamers is cracking over AI: 'That breaks my heart' Tech For its first 30 years, Nvidia wasn't a household name unless you were a gamer. Now, some of its original fan base feel left behind as artificial intelligence has made the chipmaker the world's most valuable company. "The gaming segment is no longer the driving force of the company. There was one point when it clearly was," said Stacy Rasgon of Bernstein Research. Nvidia popularized the graphics processing units, or GPUs, that enable fast frame rates and rendering that make the best video game play possible. When Nvidia released its first GPU in 1999, the GeForce 256, it laid off the majority of workers and approached bankruptcy to make it happen. Gamers snapped up the new type of processor, bringing Nvidia back from the brink. Now, with demand for AI soaring, nearly all of Nvidia's revenue comes from its products that serve that industry, instead of gaming. And as AI chipmaking shrinks the available memory supply, Nvidia has been forced to make tough decisions about priorities. In a memory-constrained reality, it's not shocking that Nvidia would prioritize its far more profitable data center GPUs such as Hopper and Blackwell. Nvidia's operating margins in its compute and networking segment averaged 69% over the past three years, compared to a 40% margin for the consumer-forward graphics segment. "I understand that they're going to chase that. And that breaks my heart," said Greg Miller, co-founder and host of popular video game podcast Kinda Funny Games Daily in an interview with CNBC. "Dance with the one who brought you. Gamers have brought you this far," Miller added. If analyst predictions are correct, 2026 will be the first year in three decades that Nvidia doesn't release a new generation of its consumer-facing GeForce line of graphics processing units. Gamers are "hugely important...
We could rescue Social Security and Medicare and balance the federal budget by scrapping the entire federal tax code and replacing it with three simple flat taxes.
We could rescue Social Security and Medicare and balance the federal budget by scrapping the entire federal tax code and replacing it with three simple flat taxes.
Welcome to the Wall Street Week newsletter, bringing you stories of capitalism about things you need to know, but even more things you need to think about. I’m David Westin , and this week Hank Paulson took us through the economics of the Iran war, and we looked into whether the rich are paying their fair share of taxes. If you’re not yet a subscriber, sign up here for this newsletter. Avoiding “G...
Welcome to the Wall Street Week newsletter, bringing you stories of capitalism about things you need to know, but even more things you need to think about. I’m David Westin , and this week Hank Paulson took us through the economics of the Iran war, and we looked into whether the rich are paying their fair share of taxes. If you’re not yet a subscriber, sign up here for this newsletter. Avoiding “Global Shock” From the Iran War As world financial leaders met in Washington this week, former Treasury Secretary Hank Paulson gave us his analysis of what the war means for them and for us. Recognizing that it depends on “how long it’s going to take,” Paulson focused on “inflationary pressure,” saying “it’s not good for the US economy, but we will weather it better than anyone else.” However the war in Iran plays out, Paulson says it’s critical for the global economy that the US and China address their “fraught” relationship, putting “clear rules” in place to reinforce “a sort of stability.” “Buy, Borrow, Die” It’s tax time in the US, with the nation borrowing more money than ever and collecting less as a percentage of what it’s spending. This has raised, once again, the question of whether the wealthy are paying their fair share, with places like California proposing a tax directly on wealth. Steve Rattner of Willett Advisors calls that proposal “a terrible idea.” But he’s quick to say that there are parts of the tax code that unfairly benefit at least some very wealthy people. One such aspect of the tax code, the treatment of capital gains, allows the very wealthy to essentially erase tax liability accumulated in their lifetimes, according to Natasha Sarin of the Yale Budget Lab. Such strategies have been referred to as referred to as “buy, borrow, die.” More from Wall Street Week Bloomberg Wall Street Week is live Fridays at 6 p.m. New York time. Watch on Bloomberg Television , on the Terminal at TV and on YouTube ; or listen to the show on Bloomberg Radio and RADI . Cat...
ZambeziShark/iStock Editorial via Getty Images Purpose I look at the high frequency weekly indicators because while they can be very noisy, they provide a good nowcast of the economy, and will telegraph the maintenance or change in the economy well before monthly or quarterly data is available. They are also an excellent way to "mark your beliefs to market." In general, I go in order of long leadi...
ZambeziShark/iStock Editorial via Getty Images Purpose I look at the high frequency weekly indicators because while they can be very noisy, they provide a good nowcast of the economy, and will telegraph the maintenance or change in the economy well before monthly or quarterly data is available. They are also an excellent way to "mark your beliefs to market." In general, I go in order of long leading indicators, then short leading indicators, then coincident indicators. A Note on Methodology Data is presented in a "just the facts, ma'am" format with a minimum of commentary so that bias is minimized. Where relevant, I include 12-month highs and lows in the data in parentheses to the right. All data taken from St. Louis FRED unless otherwise linked. A few items (e.g., Financial Conditions indexes, regional Fed indexes, stock prices, and the yield curve) have their own metrics based on long-term studies of their behavior. Where data is seasonally adjusted, generally it is scored positively if it is within the top 1/3 of that range, negative in the bottom 1/3, and neutral in between. Where it is not seasonally adjusted, and there are seasonal issues, waiting for the YoY change to change sign will lag the turning point. Thus I make use of a convention: data is scored neutral if it is less than 1/2 as positive/negative as at its 12-month extreme. With long leading indicators, which by definition turn at least 12 months before a turning point in the economy as a whole, there is an additional rule: data is automatically negative if, during an expansion, it has not made a new peak in the past year, with the sole exception that it is scored neutral if it is moving in the right direction and is close to making a new high. For all series where a graph is available, I have provided a link to where the relevant graph can be found. Recap of Monthly Reports March data included a downturn in industrial and manufacturing production, as well as a downturn in existing home sales. Long l...
With a vacation comes a big choice: What game should I focus on during the trip? I thought about grinding out the harder levels of Super Meat Boy 3D , but I was looking for something more chill. I could have dabbled more with Slay the Spire II , but I already know that's a game I'll be playing for a long time. I wanted something that I could really get lost in and finish in a little over a week. P...
With a vacation comes a big choice: What game should I focus on during the trip? I thought about grinding out the harder levels of Super Meat Boy 3D , but I was looking for something more chill. I could have dabbled more with Slay the Spire II , but I already know that's a game I'll be playing for a long time. I wanted something that I could really get lost in and finish in a little over a week. People of Note , a new music-focused RPG from Annapurna Interactive and Iridium Studios, turned out to be exactly what I needed. In the game, you play as aspiring pop singer Cadence. What starts as a journey to outperform a popular boy band turns into … Read the full story at The Verge.
Hi, friends! Welcome to Installer No. 124, your guide to the best and Verge -iest stuff in the world. (If you're new here, welcome, send me your Coachella fits, and also you can read all the old editions at the Installer homepage .) This week, I've been reading about restaurant bread and GLP-1s and Lenny Rachitsky and Artemis II fashion , watching the new boy band doc because I will always watch a...
Hi, friends! Welcome to Installer No. 124, your guide to the best and Verge -iest stuff in the world. (If you're new here, welcome, send me your Coachella fits, and also you can read all the old editions at the Installer homepage .) This week, I've been reading about restaurant bread and GLP-1s and Lenny Rachitsky and Artemis II fashion , watching the new boy band doc because I will always watch a boy band doc, also watching every clip I can find from Justin Bieber's Coachella set, filling the Schitt's Creek -shaped hole in my heart with Big Mistakes , getting increasingly excited about The Mandalorian and Grogu , and watering my new lawn so it … Read the full story at The Verge.
We remember Kevin Klose, former NPR president, who helped secure financial stability for the network while supporting and encouraging its journalism. (Image credit: Jay Paul)
We remember Kevin Klose, former NPR president, who helped secure financial stability for the network while supporting and encouraging its journalism. (Image credit: Jay Paul)
If you're on Social Security, you've either already received your April 2026 check or will soon. Now that we're a few months into the year, you likely have some idea of what to expect, but you may not realize how long that April benefit has to last you. Due to a quirk in the Social Security payment schedule, you'll have a longer wait than usual before you receive your May check, so you'll need to ...
If you're on Social Security, you've either already received your April 2026 check or will soon. Now that we're a few months into the year, you likely have some idea of what to expect, but you may not realize how long that April benefit has to last you. Due to a quirk in the Social Security payment schedule, you'll have a longer wait than usual before you receive your May check, so you'll need to prepare accordingly. Image source: Getty Images. Continue reading
matdesign24/iStock via Getty Images Have you ever stopped to wonder why Here Group ( HERE ) completed several trading sessions higher? Right off the bat, it's clear that it wasn't related to the Q2 FY 2026 report I covered here. I told you that the stock might be in the early stages of incubating IPs like Wakuku and transforming them into some kind of Labubu-like venture with Enlight. Patience cou...
matdesign24/iStock via Getty Images Have you ever stopped to wonder why Here Group ( HERE ) completed several trading sessions higher? Right off the bat, it's clear that it wasn't related to the Q2 FY 2026 report I covered here. I told you that the stock might be in the early stages of incubating IPs like Wakuku and transforming them into some kind of Labubu-like venture with Enlight. Patience could turn Here Group into a kind of Pop Mart ( PMRTY ) or even a Chinese Sanrio ( SNROF ). But that still doesn't answer the question. Here group If you're one of the few folks digging into this story, you probably already know that Here is launching its new IP called Xiao Ao tomorrow (April 17th). And this ties in perfectly with the IP flywheel thesis I've been talking about for a while now. But I think there are a few things around Xiao Ao that the Western market is overlooking, and if they’re priced right, there’s some alpha there. That's what I want to get into here. But first, just a quick look at the performance of my last article here. While the S&P has delivered just over 8% since the end of March, Here Group stock has outperformed it, up 18% in the same stretch. Strong, don't you think? As I said last time, once those pop-up store costs start getting spread out, the bottom line should look better. Over time, the market might start to see them as a more asset-light pop-toy name, maybe even a licensor down the road. It’s a strong thesis, and with Enlight likely pushing some content (whether through film or Douyin), it really comes down to execution. And I'm not even looking for a Ne Zha here. A handful of small to mid-sized productions could already move the needle quite a bit. Why Xiao Ao Might Sell More Than SIINONO Like many products out there, Here Group's pop toys rely on influencers. And the partnership with Yuehua Entertainment a few quarters ago opened some doors in that regard. Here Group For SIINONO, Here Group chose an actor named Liu Xuancheng. He’s still v...
Hong Kong rugby has reached a “pinnacle” as the city celebrates the 50th anniversary of its annual Sevens tournament, the man who coached the local team at the first edition of the event in 1976 has said. Peter Duncan, who stepped down as president of Hong Kong China Rugby in March after a decade in the post, described the annual three-day tournament as an “iconic” sporting event that helped to ce...
Hong Kong rugby has reached a “pinnacle” as the city celebrates the 50th anniversary of its annual Sevens tournament, the man who coached the local team at the first edition of the event in 1976 has said. Peter Duncan, who stepped down as president of Hong Kong China Rugby in March after a decade in the post, described the annual three-day tournament as an “iconic” sporting event that helped to cement the city’s status in the international community. “If you were sitting in the stadium in 1976...
In this article AAL UAL Follow your favorite stocks CREATE FREE ACCOUNT An American Airlines airplane lands at Los Angeles International Airport on March 7, 2026 in Los Angeles, California. Kevin Carter | Getty Images American Airlines said on Friday that it was not interested in a merger with United Airlines and had not held any such talks, diminishing prospects of an industry-reshaping deal tha...
In this article AAL UAL Follow your favorite stocks CREATE FREE ACCOUNT An American Airlines airplane lands at Los Angeles International Airport on March 7, 2026 in Los Angeles, California. Kevin Carter | Getty Images American Airlines said on Friday that it was not interested in a merger with United Airlines and had not held any such talks, diminishing prospects of an industry-reshaping deal that would face tough regulatory scrutiny. A combination of two of the largest U.S. network carriers would mark the biggest consolidation move in more than a decade, further tightening a domestic market already dominated by four similarly sized players. Including international flights, United and American were already the world's two largest airlines by available capacity in 2025, according to OAG data. That scale would, however, invite extraordinary scrutiny from regulators, labor unions and consumer advocates wary of higher fares and reduced competition, leaving the deal with slim chances of approval, analysts and industry officials have said. There is also significant overlap between American and United, including Chicago O'Hare and major hubs in Texas. "While changes in the broader airline marketplace may be necessary, a combination with United would be negative for competition and for consumers," American Airlines said, adding that such a deal would be inconsistent with its understanding of the Trump administration's approach to antitrust enforcement. United Airlines declined to comment, while the White House did not immediately respond to a request for comment. The White House has previously said it has no opinion on a potential United Airlines deal for American Airlines. United Airlines CEO Scott Kirby pitched a potential merger with American Airlines in a meeting with U.S. President Donald Trump in late February, Reuters reported on Monday. The meeting with Trump was three days before the start of the U.S.-Israeli war with Iran that sent jet fuel prices soarin...