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Iran, US receive plan to end hostilities, immediate ceasefire, source says ReutersUS and Iran receive peace proposal as Trump vows 'hell' if Strait stays shut CNBCIran mediators make last-ditch push for 45-day ceasefire AxiosIran war live updates: Iran and US considering plan for 45-day ceasefire — reports Australian Broadcasting Corporation
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Middle East crisis live: Tehran warns Trump over strait of Hormuz threat; Netanyahu suggests Israel helped rescue downed US crew member The GuardianIran war live: Tehran rejects Trump's Hormuz deadline; 2 killed in Haifa Al Jazeera"Our Whole Region Is Going To Burn Because...": Iran On Trump's Actions NDTV
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Iran War Live Updates: Trump Escalates Threats in Truth Social Post After U.S. Rescues Downed Airman The New York TimesTrump unleashes curse-filled social media rant at Iran after U.S. rescues colonel NPRAhead of his latest Strait of Hormuz deadline, Trump threatens Iran's energy infrastructure NBC NewsTrump Warns Iran He Could Strike ‘Every Power Plant,' in WSJ Interview WSJ
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Artemis II hits ‘two thirds' mark on moon journey, shares new lunar photos: ‘History in the making' Fox NewsArtemis II shares new images as it gets closer to the moon CNNNASA Artemis II Astronauts Race Into Moon's Embrace After Quiet Easter The New York TimesArtemis II Flight Day 5: Crew Demos Suits, Readies for Lunar Flyby NASA (.gov)How much do you know about moon miss
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‘Whole region is going to burn': Iran's ‘living hell' warning to US amid Donald Trump's threats of striking power plants | World News Hindustan TimesIran war live: Tehran slams Trump's threats over Strait of Hormuz closure Al Jazeera
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The economic banishment of all things Russian. Tariffs on Chinese imports. Pandemic-caused shortages of computer chips, bicycles, garage door parts and other imports. Brexit.
Just about everywhere you turn, you can see that the tectonic plates of the global economy have stopped converging and are starting to pull apart in ways that will determine new winners and losers, says Ethan Harris, head of global economics for Bank of America Securities. "Deglobalization is a gradual process, and in the long run, very important" to investors, he says, because it will have profound impacts on corporate profitability.
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Globalization refers to the increase of commerce across borders. U.S. companies prospered for decades as new markets opened for their goods and labor costs plummeted thanks to overseas production. Strategists at BofA have estimated that over the past 20 years, globalization has contributed more than half of what has been a robust expansion in profit margins. Globalization has also helped to deliver low-cost goods to American consumers.
But now, says market strategist Ed Yardeni, the pandemic and spreading political and military conflicts have stretched supply chains past the breaking point, prompting companies to bring many operations closer to home. "Deglobalization was almost inevitable," Yardeni says. U.S. companies are starting to "reshore" production back to the U.S., "near-shore" it to neighbors such as Mexico, or "friend-shore" it to allies such as Vietnam.
Investment firm Piper Sandler counted more than 900 announcements of companies either building or expanding manufacturing facilities in the U.S. in the 12 months ending in May of 2022. In 2012, there were only about 100 such announcements. Over the long term, companies
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