Retired U.S. Navy Vice Admiral John Miller says the U.S. fleet of 11 aircraft carriers falls short of demand because only a handful are combat-ready at any time. Maintenance is a key bottleneck: at least one carrier is typically in a multi-year refuel and overhaul while routine maintenance and training take others offline. Miller applies a rough divide-by-three readiness rule—of nine available carriers, three are deployable, three have just returned and three are preparing to deploy. That readin

Germany's finance minister said the surge in bond yields is the result of Trump's war.

Great Wall Fund says China A-share market is in a consolidation phase: market activity remains but risk appetite has weakened as investors cash out high-flyer growth positions without forming a new coordinated bid. Leadership is shifting from a single tech-driven spillover to a more balanced pattern — core tech retained, dividend and defensive sectors providing support, and healthcare/consumption rotating in. Outlook: expect continued churn and short-term volatility, but a low probability of breaching prior lows. Tactical focus: 1) energy-security and dividend assets such as oil & petrochemicals, coal and banks — rationale is stable cash flow with oil at mid-to-high levels and defensive characteristics from low valuations; 2) concentrated AI hardware plays — prioritize optical modules, switches, servers, PCB, semiconductor equipment/materials and HBM where mid-year results and order visibility can verify demand; 3) pharmaceuticals and select domestic-demand resilient sectors — low crowding and earnings potential to help hedge tech volatility.