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Source: Reuters News Agency
3 weeks ago
General Medium Importance
Two tankers carrying Saudi oil attacked in Strait of Hormuz

Two tankers carrying Saudi oil attacked in Strait of Hormuz

Two supertankers carrying Saudi ​oil were struck by unknown projectiles within minutes of each other while ‌transiting outbound through the Strait of Hormuz late on Monday, according to shipping intelligence and tracking firms Marisks and Kpler.

Source: Reuters
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Source: CNBC International TV News Agency
3 weeks ago
General Medium Importance AI Analyzed
Bond sell-off continues, yet Bessent shrugs off concerns

Bond sell-off continues, yet Bessent shrugs off concerns

U.S. Treasury Secretary Scott Bessent downplays concerns as the global bond sell-off deepens with the U.S. 10-year treasury yield hitting a 20-month high. The G20 summit in North Carolina leaves European officials astonished at the Russian Finance Minister's attendance, but Bessent says there will be no sanction relief until the war in Ukraine is over.

Source: CNBC International TV
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Source: CNBC News Agency
3 weeks ago
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Euro zone inflation is back above 3%. Higher interest rates are likely to follow

Euro zone inflation is back above 3%. Higher interest rates are likely to follow

Inflation in the euro area hit 3.3% in August after prints of 2.9% in July and 2.8% in June, largely due to higher energy prices linked to the Iran war. Markets expect the European Central Bank will raise interest rates by a quarter percentage point in response, following its June hike.

Source: CNBC
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Source: Seeking Alpha News Agency
3 weeks ago
General Medium Importance
Driven Brands: The Business Is Attractive, The Balance Sheet Less So

Driven Brands: The Business Is Attractive, The Balance Sheet Less So

Driven Brands Holdings is rated a speculative BUY, contingent on improved free cash flow and debt reduction. Take 5 drives growth, but its expansion must deliver sufficient incremental cash flow to offset rising debt and execution risks. DRVN's low P/E is misleading; enterprise value is near sector median when debt and lease obligations are included.

Source: Seeking Alpha
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