Financial policy committee makes warning over ‘Trumpflation’ increases, as average two-year fixed rate hits 5.84% Business live – latest updates The US-Israel war on Iran could end up increasing monthly mortgage payments for more than one million more UK households, the Bank of England has warned, adding that the conflict had dealt “a substantial negative supply shock” to the world economy. Financ...
Financial policy committee makes warning over ‘Trumpflation’ increases, as average two-year fixed rate hits 5.84% Business live – latest updates The US-Israel war on Iran could end up increasing monthly mortgage payments for more than one million more UK households, the Bank of England has warned, adding that the conflict had dealt “a substantial negative supply shock” to the world economy. Financial market jitters over the conflict in the Middle East have resulted in banks pulling about 1,500 mortgage products, with many banks raising interest rates on their remaining 7,000 home loan products in recent weeks, the Bank’s financial policy committee (FPC) said. Continue reading...
The Eneos Arrow oil tanker arrives at an open-sea berth of the Shirashima National Petroleum Stockpiling Base in Kitakyushu, Fukuoka Prefecture, Japan, on Friday, March 27, 2026. Japan began releasing 8.5 million kiloliters, about a month's consumption worth of crude oil, from its national reserves starting on March 26 to ease a supply crunch as the Strait of Hormuz remains effectively blocked. Ph...
The Eneos Arrow oil tanker arrives at an open-sea berth of the Shirashima National Petroleum Stockpiling Base in Kitakyushu, Fukuoka Prefecture, Japan, on Friday, March 27, 2026. Japan began releasing 8.5 million kiloliters, about a month's consumption worth of crude oil, from its national reserves starting on March 26 to ease a supply crunch as the Strait of Hormuz remains effectively blocked. Photographer: Kiyoshi Ota/Bloomberg
MSC Industrial Direct press release ( MSM ): Q2 Non-GAAP EPS of $0.82 misses by $0.02 . Revenue of $917.8M (+2.9% Y/Y) misses by $13.67M . Full-Year Fiscal 2026 Outlook for Certain Financial Metrics Maintained Depreciation and amortization expense of ~$95M-$100M Interest and other expense of ~$35M Capital expenditures of ~$100M-$110M Free cash flow conversion1 of ~90% Tax rate of ~24.5%-25.5% Thir...
MSC Industrial Direct press release ( MSM ): Q2 Non-GAAP EPS of $0.82 misses by $0.02 . Revenue of $917.8M (+2.9% Y/Y) misses by $13.67M . Full-Year Fiscal 2026 Outlook for Certain Financial Metrics Maintained Depreciation and amortization expense of ~$95M-$100M Interest and other expense of ~$35M Capital expenditures of ~$100M-$110M Free cash flow conversion1 of ~90% Tax rate of ~24.5%-25.5% Third Quarter Fiscal 2026 Financial Outlook ADS Growth (YoY) 5.0% - 7.0% Adjusted Operating Margin1 9.7% - 10.3% Click to enlarge More on MSC Industrial Direct MSC Industrial: A New Upcycle Appears To Be Forming MSC Industrial Direct Co., Inc. (MSM) Q1 2026 Earnings Call Transcript MSC Industrial Direct Co., Inc. 2026 Q1 - Results - Earnings Call Presentation MSC Industrial Direct Q2 2026 Earnings Preview MSC Industrial expects 20% incremental operating margins for FY26 as productivity and pricing drive outlook
OpenAI’s huge funding round could reignite AI excitement, Apple turns 50, NASA is about to send four astronauts on trip around the moon, and more news to start your day.
OpenAI’s huge funding round could reignite AI excitement, Apple turns 50, NASA is about to send four astronauts on trip around the moon, and more news to start your day.
Sandhu Ponnachan appears in court on charges of dangerous driving and causing grievous bodily harm A 36-year-old man has been remanded into custody after appearing in court accused of dangerous driving after seven people were injured when a car hit pedestrians in Derby on Saturday night. Sandhu Ponnachan, from the Alvaston area of the city, appeared at Southern Derbyshire magistrates court on Wedn...
Sandhu Ponnachan appears in court on charges of dangerous driving and causing grievous bodily harm A 36-year-old man has been remanded into custody after appearing in court accused of dangerous driving after seven people were injured when a car hit pedestrians in Derby on Saturday night. Sandhu Ponnachan, from the Alvaston area of the city, appeared at Southern Derbyshire magistrates court on Wednesday having also been charged with six counts of causing grievous bodily harm with intent, one count of attempted grievous bodily harm, and one count of possession of a bladed article. Continue reading...
Philipp Berezhnoy/iStock Editorial via Getty Images Today Nike Inc. ( NKE ) is a classic story of a "fallen angel". Shares of one of the world leaders of sports equipment are trading near five-year lows, at the level of $52, having lost almost 21% of value just for the last year. The capitalization of the company shrunk to $77 billion. The market mercilessly discounts the shares, reacting to a ser...
Philipp Berezhnoy/iStock Editorial via Getty Images Today Nike Inc. ( NKE ) is a classic story of a "fallen angel". Shares of one of the world leaders of sports equipment are trading near five-year lows, at the level of $52, having lost almost 21% of value just for the last year. The capitalization of the company shrunk to $77 billion. The market mercilessly discounts the shares, reacting to a series of weak quarterly reports and the loss of market share. At the same time, behind the current pessimism of Wall Street hides a fundamental turnaround in the strategy of the company. In my view, the deep crisis of Nike is not a result of a sudden loss of the power of the brand or irreversible macroeconomic factors. This is a direct consequence of one, but monumental strategic mistake of management: an attempt to pull an IT-model of sales onto traditional fashion-retail. The realization of this mistake and the aggressive return to the classic model of distribution under the leadership of the new CEO creates a rare point of entry for long-term investors. The profile of the company and the essence of the problem: The illusion of direct margin Historically the empire of Nike was built on a total, aggressive presence everywhere — from premium boutiques to local multi-brand sports networks. The brand was everywhere. But there is a catch: the past leadership, headed by a tech sector veteran John Donahoe (ex-eBay, ServiceNow), decided to rewrite the rules of the game, having made a radical bet on the model Direct-to-Consumer (DTC) — direct sales to the consumer. On paper, in presentations for investors, the mathematics of this strategy seemed flawless and seductive. Why give away sneakers to a wholesaler for $50, losing control over the client experience, if one can sell them through one's own mobile application SNKRS or branded site directly to the final buyer for $100? In the chase for a multiple increase of gross margin Nike began to methodically and purposefully tear ten-year...