US Shale Drilling Falls for Longest Streak in Five Years
The number of rigs drilling for crude in the US declined for the longest weekly streak in about five years as shale explorers shrugged off a recent jump in crude prices.
The number fell by six to 432 and has fallen for nine consecutive weeks, the longest series of declines since an 18-week drop in July 2020, according to data released Friday by Baker Hughes Co.
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9 minutes ago
- Yahoo
Military & Defense Ground Support Equipment (GSE) Industry Report 2025-2030: Modernization of Military Airbases Strengthens Business Case for Next-Gen GSE Solutions
Key growth drivers include military modernization and the need for efficient operations. The report covers segments by power type and aircraft, and provides insights into key regions including the U.S. and China, and 34 major market players. Military & Defense Ground Support Equipment Market Dublin, June 30, 2025 (GLOBE NEWSWIRE) -- The "Military & Defense Ground Support Equipment - Global Strategic Business Report" has been added to global market for Military & Defense Ground Support Equipment was valued at US$766.4 Million in 2024 and is projected to reach US$958.2 Million by 2030, growing at a CAGR of 3.8% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Military & Defense Ground Support Equipment market. The military & defense ground support equipment market is poised for strong growth, driven by technological innovations, the demand for operational efficiency, and the shift toward sustainability. Despite challenges such as high costs, integration complexities, and cybersecurity concerns, advancements in automation, digitalization, and energy-efficient technologies are transforming the industry. As military forces continue to modernize and adopt advanced technologies, the role of GSE in ensuring operational readiness and success will only become more of Study: Segments: Power Type (Diesel GSE, Electric GSE, Hybrid GSE); Aircraft Type (Fighter Jets, Transport Aircraft, Special Mission Aircraft) Geographic Regions/Countries: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa. Key Insights: Market Growth: Understand the significant growth trajectory of the Diesel GSE segment, which is expected to reach US$618.6 Million by 2030 with a CAGR of a 3.6%. The Electric GSE segment is also set to grow at 4.4% CAGR over the analysis period. Regional Analysis: Gain insights into the U.S. market, valued at $208.8 Million in 2024, and China, forecasted to grow at an impressive 7.0% CAGR to reach $192.8 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific. Key Questions Answered: How is the Global Military & Defense Ground Support Equipment Market expected to evolve by 2030? What are the main drivers and restraints affecting the market? Which market segments will grow the most over the forecast period? How will market shares for different regions and segments change by 2030? Who are the leading players in the market, and what are their prospects? Report Features: Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030. In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa. Company Profiles: Coverage of players such as AERO Specialties, Airbus Defence and Space, Avon Technologies, Babcock International, BAE Systems and more. Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments. Some of the 34 companies featured in this Military & Defense Ground Support Equipment market report include: AERO Specialties Airbus Defence and Space Avon Technologies Babcock International BAE Systems BEML Limited Elbit Systems General Dynamics Kongsberg Gruppen L3 Technologies Leonardo S.p.A. Lockheed Martin Northrop Grumman Oshkosh Corporation Rafael Advanced Defense Systems Rheinmetall AG Rolls-Royce Saab AB Thales Group TLD Group This edition integrates the latest global trade and economic shifts as of June 2025 into comprehensive market analysis. Key updates include: Tariff and Trade Impact: Insights into global tariff negotiations across 180+ countries, with analysis of supply chain turbulence, sourcing disruptions, and geographic realignment. Special focus on 2025 as a pivotal year for trade tensions, including updated perspectives on the Trump-era tariffs. Adjusted Forecasts and Analytics: Revised global and regional market forecasts through 2030, incorporating tariff effects, economic uncertainty, and structural changes in globalization. Includes historical analysis since 2015. Strategic Market Dynamics: Evaluation of revised market prospects, regional outlooks, and key economic indicators such as population and urbanization trends. Innovation & Technology Trends: Latest developments in product and process innovation, emerging technologies, and key industry drivers shaping the competitive landscape. Competitive Intelligence: Updated global market share estimates for 2025, competitive positioning of major players (Strong/Active/Niche/Trivial), and refined focus on leading global brands and core players. Expert Insight & Commentary: Strategic analysis from economists, trade experts, and domain specialists to contextualize market shifts and identify emerging opportunities. Complimentary Update: Buyers receive a free July 2025 update with finalized tariff impacts, new trade agreement effects, revised projections, and expanded country-level coverage. Key Attributes Report Attribute Details No. of Pages 271 Forecast Period 2024-2030 Estimated Market Value (USD) in 2024 $766.4 Million Forecasted Market Value (USD) by 2030 $958.2 Million Compound Annual Growth Rate 3.8% Regions Covered Global MARKET OVERVIEW Influencer Market Insights Tariff Impact on Global Supply Chain Patterns Military & Defense Ground Support Equipment - Global Key Competitors Percentage Market Share in 2025 (E) Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2025 (E) MARKET TRENDS & DRIVERS Expansion of Global Military Budgets Spurs Investment in Advanced Ground Support Equipment Increasing Geopolitical Tensions Throws the Spotlight on Rapid Deployment Capabilities Growth in Defense Aviation Fleets Drives Demand for Scalable Ground Support Systems Modernization of Military Airbases Strengthens Business Case for Next-Gen GSE Solutions Rising Focus on Equipment Interoperability Accelerates Demand for Modular GSE Platforms Increasing Emphasis on Mission Readiness Propels Growth of Autonomous Ground Support Vehicles Surge in Arctic and Harsh Terrain Operations Expands Addressable Market Opportunity for Ruggedized GSE Growing Adoption of Hybrid and Electric Power Systems Drives Demand for Eco-Friendly Ground Equipment Integration of AI and Predictive Maintenance Technologies Spurs Innovation in Maintenance GSE Emphasis on Lifecycle Cost Reduction Generates Demand for Multi-Role, Low-Maintenance Equipment NATO Standardization Initiatives Drive Adoption of Uniform GSE Platforms Across Allied Forces For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Military & Defense Ground Support Equipment Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
11 minutes ago
- Bloomberg
Oaktree Co-CEO Panossian Sees Signs of Exuberance in Data Center Boom
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Yahoo
12 minutes ago
- Yahoo
Nike's net income falls 86% and revenue 12% in Q4 FY25
Sportswear giant Nike has posted a 12% decline in revenues on a reported basis to $11.1bn in the fourth quarter (Q4) of the fiscal year 2025 (FY25). Net income plummeted 86% to $0.2bn, with diluted earnings per share also decreasing 86% to $0.14. The Nike brand experienced a decrease in revenues across all geographies, reporting an overall 11% drop to $10.8bn. Nike Direct revenues fell 14% to $4.4bn, influenced by a 26% decrease in Nike Brand Digital, despite a 2% increase in Nike-owned stores. Wholesale revenues also saw a reduction in the quarter, down 9% to $6.4bn. The company's gross margin suffered, decreasing by 440 basis points to 40.3%, mainly due to higher discounts and channel mix changes. Selling and administrative expenses saw a slight increase of 1% to $4.1bn. Nike executive vice-president and chief financial officer Matthew Friend stated: "The fourth quarter reflected the largest financial impact from our Win Now actions, and we expect the headwinds to moderate from here. "I am confident in our ability to navigate through this current dynamic and uncertain environment by focusing on what we can control and executing our Win Now actions." During the full FY25, Nike's revenues stood at $46.3bn, a 10% decrease on a reported basis and a 9% decrease on a currency-neutral basis. Nike Brand's annual revenues were down by 9% to $44.7bn, with consistent declines across all geographies. Nike Direct annual revenues decreased by 13% to $18.8bn, with a notable 20% decline in Nike Brand Digital, while revenues from Nike-owned stores remained flat. Wholesale revenues for the year were $25.9bn, down by 7% on a reported basis and 6% on a currency-neutral basis. Selling and administrative expenses for the year decreased by 3% to $16.1bn. Demand creation expenses for the year increased by 9% to $4.7bn. Operating overhead expenses saw a 7% reduction to $11.4bn. Net income for the fiscal year was $3.2bn - 44% decrease - and diluted earnings per share dropped 42% to $2.16. Nike CEO and president Elliott Hill stated: "While our financial results are in line with our expectations, they are not where we want them to be. Moving forward, we expect our business to improve as a result of the progress we're making through our Win Now actions. "As we enter a new fiscal year, we are turning the page and the next step is aligning our teams to lead with sport through what we are calling the 'sport offence'. This will accelerate our Win Now actions to reposition our business for future growth." In February 2025, Nike teamed up with American media personality Kim Kardashian's shapewear brand SKIMS. The newly formed brand, NikeSKIMS, is launching its first collection in the US in 2025. "Nike's net income falls 86% and revenue 12% in Q4 FY25" was originally created and published by Retail Insight Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
