News

Reuters

Traditional safe havens like gold, treasuries, and the yen have failed to protect investors during the Iran conflict and stagflation fears, with only the US dollar rallying. The crisis reveals that no asset is a universal safe haven—performance depends entirely on the specific economic shock, forcing investors to prioritize cash and context-specific analysis over historical refuge assets.

Reuters

US Defense Secretary Pete Hegseth and Joint Chiefs Chairman General Dan Caine detailed Operation Epic Fury, a 38-day campaign using less than 10% of US combat power to decimate Iran's military, destroy its nuclear and defense industrial bases, and force a ceasefire under which Iran must dismantle its nuclear program and accept strict terms after suffering catastrophic leadership losses and battlefield defeat.

Bloomberg Technology

Intel announced it will join Elon Musk's Terafab project alongside Tesla, SpaceX, and xAI to manufacture silicon technology, providing a potential catalyst for the chipmaker's turnaround. Meanwhile, tech markets remain under pressure from Middle East geopolitical tensions and President Trump's Iran deadline, prompting analysts to recommend caution and inflation hedges over chasing the recent rally.

Reuters

Taylor Frankie Paul's attorney argued against supervised visitation for Dakota Mortonson by presenting photos and text evidence from a February truck altercation, asserting that Mortonson's post-incident behavior—lingering to solicit sex—undermines his credibility, while existing DCFS oversight provides sufficient protection without court-ordered restrictions.

Reuters

The UN Security Council rejected a resolution to reopen the Strait of Hormuz after Russia and China vetoed the measure despite 11 votes in favor. The US condemned Iran for 'holding the world's economy hostage' and criticized Moscow and Beijing for shielding Tehran, while Pakistan urged continued diplomatic engagement over military escalation.

Reuters

Liverpool manager Arne Slot and midfielder Florian Wirtz addressed media ahead of their Champions League quarterfinal against PSG, emphasizing the need to maintain 90-minute intensity and avoid the 20-minute collapse that led to their 4-0 defeat against Manchester City.

Reuters

Vice President JD Vance joined Hungarian Prime Minister Viktor Orbán's rally in Budapest, where he and Donald Trump (via phone) praised Hungary's strict migration policies and energy security while condemning EU bureaucrats and progressive ideology as existential threats to Western civilization.

The Verge

David Pierce introduces the Side Phone, a modular Android device with swappable attachments like keyboards and iPod-style click wheels designed to minimize digital distractions. He then welcomes professor Kate Clonic to argue that cookie consent banners should be abolished entirely—not reformed—as they create 'manufactured consent,' fail to prevent modern tracking, and prevent meaningful privacy innovation by allowing companies to claim compliance without protecting users.

Reuters

US Vice President JD Vance delivered strong support for Hungarian Prime Minister Viktor Orbán ahead of Hungary's election, accusing EU bureaucrats of unprecedented election interference while praising Budapest's energy independence and role in Ukraine peace efforts, and confirming allegations of Ukrainian intelligence meddling in both US and Hungarian elections.

Bloomberg Technology

Amid escalating Iran-Israel tensions and rejected cease-fire proposals, tech markets remain fixated on AI infrastructure returns, with OpenAI releasing governance recommendations and SpaceX preparing for a potentially record-breaking $2 trillion IPO that defies traditional valuation metrics.

Reuters

The UN has launched a revised humanitarian action plan for Cuba targeting 2 million people affected by a severe energy crisis and grid collapse, warning that recent fuel deliveries are insufficient to address the structural deficits caused by over three months of shortages.

Yahoo Finance

Tapestry CEO Joanne Crevoiserat reveals how Coach and Kate Spade are reversing the 'mall apocalypse' by targeting Gen Z through self-expression rather than status, reimagining stores as community co-creation hubs, and dismantling traditional barriers between outlet and full-price retail.