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Thailand’s Ruling Party Election Victory Boosts Market Confidence

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Thailand’s economy experienced growth in Q4 driven by stronger domestic consumption and increased external demand

The Bhumjaithai Party’s convincing victory in the recent Thai election is widely perceived by strategists and economists as a positive development, expected to usher in policy continuity and political stability. This outcome has reassured investors who had feared further political instability and is anticipated to boost the country’s stock market and currency.

Currency & Markets

  • The baht strengthened slightly against the dollar after the results.
  • Thai stocks are expected to rise, with the SET Index potentially reaching 1,450 by year-end.

Policy Continuity

  • BJT’s win reduces fears of political dysfunction and ensures ongoing fiscal support for consumption and infrastructure.
  • Analysts expect limited stimulus hype, steady tourism recovery measures, and continuation of programs like co-pay subsidies for basic goods.

Investor Confidence

  • Political stability is seen as market-friendly, reducing uncertainty and boosting confidence in equities, especially retail, transport, and tourism sectors.
  • Bonds may benefit from the Bank of Thailand’s easing bias, though the baht is considered overvalued in some contexts.

Following the election, the Thai baht strengthened slightly to 31.456 per dollar in early Asian trading, as Bhumjaithai, led by incumbent Prime Minister Anutin Charnvirakul, secured the most seats in the lower house and is positioned to form the next coalition government. This performance contrasts with the underperformance of the main challenger, the People’s Party, whose progressive reform agenda now faces setbacks. The market’s positive reaction stems from the expectation of stable governance and predictable economic policies.

Economic analysts and strategists have highlighted several key impacts:

  • Brendan McKenna (Wells Fargo): Emphasizes that overall policy continuity will lead to stability and clarity, which markets favor. He sees a short-term positive impact on the baht, though its medium-term trajectory will remain influenced by global factors like the Federal Reserve and China.
  • Kaseedit Choonnawat (Citigroup): Projects a rise in Thai stocks, attributing it to Bhumjaithai’s enhanced negotiation power, ensuring policy continuity, and reducing the risk of short-term, non-competitive spending. He reiterates a potential rise for the benchmark SET Index to 1,450 by year-end (from 1,354.01 on Friday).
  • Poon Panichpibool (Krung Thai Bank Plc): Views a Bhumjaithai-aligned coalition as the most market-friendly scenario in the near term, citing policy continuity, ongoing fiscal support for consumption and infrastructure, and a focus on tourism recovery. He expects the baht to strengthen slightly and equities (particularly retail, transport, and tourism sectors) to be major beneficiaries.
  • Burin Adulwatana (Kasikorn Research Center): Believes the clear majority will expedite government formation, bolstering investor confidence. He expects a continuation of successful economic strategies, such as co-pay subsidy programs, leading to a positive response in equities.

Thai business sector calls for bold economic actions

The Thai business sector is urgently calling upon the incoming government, formed after the February 8, 2026 election, to implement swift and decisive economic measures within its first 90 days. This demand comes amidst persistent economic headwinds, a projected slowdown with GDP growth estimated at 1.6-2% for 2026, and deep-rooted structural issues that have led some foreign media to label Thailand “the sick man of Asia.” Leaders across various sectors emphasize the critical need to restore confidence, boost investment, and address fundamental constraints to prevent further economic fragility.

Key immediate priorities for the new government, as highlighted by business leaders, include:

  • Economic Stability: Working with the Bank of Thailand to manage baht appreciation and maintain appropriate currency levels, as a strong baht harms exporters.
  • Household Debt: Devising strategies to cope with high household debt (officially 86.8% of GDP, rising to 104% with informal debt), which has tightened lending and reduced consumer spending.
  • Governance & Crime: Taking serious action against “grey capital,” scammers, and organized corruption to prevent Thailand from becoming a regional money-laundering hub and to protect its international image.
  • Cost of Living: Easing living costs, particularly by reducing mass transit fares to encourage wider usage and improve urban quality of life.
  • Tourism Confidence: Establishing confidence among international visitors that Thailand is a safe and trusted destination, continuing stimulus schemes like “We Travel Together,” and reviewing aviation costs, fees, and taxes.
  • Agricultural Support: Ensuring an adequate and affordable supply of essential feed ingredients for the livestock sector and overseeing farm-gate prices for pigs to protect small farmers.

Beyond the initial 90 days, the business community stresses the importance of longer-term strategic actions and policy consistency. This includes:

  • Strategic Policies: Outlining well-planned national strategies and ensuring policy consistency, moving away from short-term goals to avoid falling behind regional competitors like Vietnam.
  • Effective Stimulus: Designing stimulus measures that generate broad economic multiplier effects, enhance competitiveness and productivity, and lead to sustainable long-term expansion, rather than short-term populist giveaways.
  • Fiscal Prudence: Carefully allocating limited public resources to nurture “seeds” for future competitiveness and income generation, especially given Thailand’s limited fiscal space and risk of a credit-rating downgrade.
  • Regulatory Reform: Streamlining complicated regulations and expediting approvals (e.g., hotel licensing, BoI incentives) to improve the ease of doing business and lift investment, which has been hampered by delays in large infrastructure projects.
  • National Competitiveness: Prioritizing efforts to bolster national competitiveness by amending obstructive laws, promoting new S-curve industries (bioeconomy, wellness, green businesses), and investing in infrastructure.
  • Digital Economy & Clean Energy: Continuing major policies from previous governments, particularly promoting investment in digital technology like data centers, and accelerating the direct power purchase agreement (PPA) scheme to provide clean energy access for these resource-hungry businesses.
  • Social Equity: Reducing inequality and providing equal access to quality education, healthcare, and 21st-century skills.
  • Addressing Global Challenges: Developing clear strategies to address heightened geopolitical uncertainty, climate change (floods, droughts, PM2.5 pollution), and the growing menace of cyber scams.

The election results underscore the likelihood of ongoing stimulus measures, sustained fiscal backing for consumption and infrastructure initiatives, and a strong emphasis on revitalizing tourism. These elements are anticipated to sustain domestic demand, enhance investor confidence amid global uncertainties, and provide a solid foundation for Thailand’s economic growth.

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Explained: Why global brokerages are hitting panic button on India. FII exodus, oil shock ringing alarm?

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Explained: Why global brokerages are hitting panic button on India. FII exodus, oil shock ringing alarm?
The ‘Goldilocks’ era of Indian equities was already showing signs of weakness, but any hopes of a quick reversal have now come to a grinding halt. India’s markets are witnessing a historic shift in sentiment, with a record $13 billion in FII outflows in a month.

This is not just a correction; this is a rout. Over Rs 1.24 lakh crore was withdrawn in just March alone, the worst outflow in the history of Indian markets.

The energy squeeze

The major driving force has been the war in the Gulf. Brent crude prices have gone up by 51% in the past month to hit a four-year high of $119.50/barrel, after Iran closed the Strait of Hormuz.

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With global brokerage Goldman Sachs forecasting crude to average $115/bbl through April, the import-driven Indian economy is facing a direct shock, fueling inflation, widening the trade deficit, and squeezing corporate margins.

All the importing countries in Asia are affected due to the rising oil prices, but the high FII outflows from India indicate that certain weaknesses were already in place.


Even when the first shots were not fired, investors were battling a weak rupee, weak earnings recovery, and high valuations, along with the US tariffs. The oil issue is simply the last catalyst.
And the change in sentiment is now stark. With geopolitical risks increasing, the dialogue has now shifted from an ‘India premium’ to an ‘India exit’.

Brokerages hit the panic button

Global institutions are rapidly recalibrating. Goldman Sachs has lowered its target price for Nifty to 25,900 from 29,300 and has downgraded India to “market weight.” The global brokerage has also lowered its earnings growth estimates by 9 percentage points cumulatively for CY26/27 to 8% and 13%.

Its models indicate that if oil prices remain $45 above average for three months, earnings growth could be down 9 per cent, a notion supported by history, where past oil shocks resulted in a 6-13 per cent downgrade.

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The caution comes from many corners, and Bernstein, Citi, and Nomura are among those taking a more defensive stance, cutting targets and warning of a brewing earnings downgrade cycle.

Summary of target cuts in march 26ETMarkets.com

The most dire prediction comes from Bernstein, which says the crisis could trigger a ‘GFC-style’ scenario.

It has cut its target to 26,000 and a worst-case scenario of 19,000 on the Nifty index.

The fear is that of a macro-level shock: Inflation is soaring, and the RBI is forced to hike interest rates, resulting in a stranglehold on the economy, causing the GDP to grow at a rate of 2-3%, effectively a recession scenario for India.

The same scenario is also seen playing out by other brokerages, and they are just as alarmed. Even Citi has cut its target to 27,000 (from 28,500), and Nomura too has cut its target to 24,900 (from 29,300) and believes that a further 5% fall is a “distinct possibility.”

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HSBC believes that every 10% move in oil results in a 1.3% fall in the markets, and currency weakness is also a factor.

India pays the bill

At its core, the problem stems from a simple structural fact: Unlike Brazil and Mexico, which are exporters and hence gain from a higher oil price, India loses out as it imports oil.

Clearly, the problem is especially painful for India and triggers what analysts call a classic ‘energy-led earnings downgrade’ cycle.

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And while India is struggling to cope with the shock, the picture in the US and China paints a different story

US: Tech cushioning the blow

Despite a 5% drop in the S&P 500 since the war began on Feb 28, Wall Street has remained resilient. Brokerages are holding, and in some cases even raising, targets, betting that AI-driven growth and strong earnings will offset war risks.

Barclays has lifted its S&P 500 target to 7,650, while Citi sees 7,700 and Goldman holds at 7,600. The broader consensus around 7,500 signals that the US is still viewed as a growth engine capable of weathering $100+ oil.

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China: The ‘green shield’ effect

China’s resilience is even more striking. Despite being the world’s largest oil importer, its markets have barely reacted, the CSI 300 is down just 4% since the conflict began.

This is because years of heavy investment in renewables and EVs have reduced dependence on fossil fuels, insulating the economy from oil shocks. Even with oil surging as much as 65%, the yuan remained stable and bond yields were contained.

As a result, Goldman maintains an “overweight” stance on China. Notably, no major brokerage has downgraded the market due to the conflict.

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What FY27 could look like for India

Brickwork Ratings expects FY27 to have selective opportunities rather than broad-based rallies. Commodities are expected to do well due to infrastructure and geopolitical factors, equities will have headwinds due to global uncertainty and earnings, and debt will provide stability.

Kotak Institutional Equities also believes that “although the recent correction has been beneficial for risk-reward, valuations are high. Unlike March 2009 or 2020, when valuations were low and offered clear buying opportunities, the current situation is different. Long-term investors are advised to invest in a disciplined manner rather than hoarding cash.”

The contrast is stark. “If capital had been deployed into China, it would have been preserved. US markets will benefit from tech-driven growth. India is the most exposed market to an energy crisis, losing 1.3% for every 10% rise in oil prices and currency weakness.”

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(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

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Cochin Shipyard shares rally 15%, add Rs 4,700 crore to market value: What’s behind the surge?

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Cochin Shipyard shares rally 15%, add Rs 4,700 crore to market value: What’s behind the surge?
The shares of Cochin Shipyard rallied around 15% on Wednesday after the stock was added to the NSE‘s futures & options (F&O) segment, leading to expectations of greater liquidity and higher trading volumes.

The sharp surge also comes amid a bullish trend in shipyard stocks after Garden Reach Shipbuilders & Engineers (GRSE) reported its highest-ever annual turnover of Rs 6,400 crore for financial year 2026, marking a 26% jump from Rs 5,076 crore in the previous year.

Shipyard stocks rally

Cochin Shipyard shares surged to Rs 1,372 per share, while Mazagon Dock Shipbuilders shares jumped more than 13%. GRSE shares, meanwhile, surged over 19% on Wednesday morning. These stocks are the top gainers on the Nifty India Defence index, which itself is up around 6%.

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The sharp surge in Cochin Shipyard’s share price led to a strong increase in its market value. The rally added more than Rs 4,700 crore to the company’s market capitalisation, bringing it close to Rs 36,100 crore.

The sharp surge also comes amid broader market optimism, as investors increasingly hoped for a sooner end to the raging war between Iran and US-Israel. Sensex surged around 2,000 points while Nifty climbed above 22,900 on Wednesday morning.


Cochin Shipyard is one among the 8 stocks added to NSE’s futures & options (F&O) segment from today onwards. The other seven stocks on the list include Adani Power, Hyundai Motor India, Force Motors, Godfrey Phillips India, Motilal Oswal Financial Services, Nippon Life India Asset Management and Vishal Mega Mart.
In a circular issued on Monday, NSE announced the market-wide position limits, trading member-wise position limits, FII/FPI (Category I & II), mutual fund position limits, trading member proprietary limits and client-level limits.Cochin Shipyard shares saw strong trading volumes of more than 54 lakh after the inclusion into the F&O segment, according to data on NSE at 12 pm. The stock has fallen nearly 10% in one month, and is down 17% in 2026 so far. In the longer term, the stock has rallied more than 467% in three years.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

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Why Residential Elevators Are Becoming Essential in South Carolina Homes

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Why Residential Elevators Are Becoming Essential in South Carolina Homes

Across South Carolina, residential architecture is evolving rapidly. From coastal retreats in Charleston to modern developments in Greenville, more homeowners are building multi-story properties to maximize space, views, and property value. With this shift, residential elevators are no longer considered a luxury; they are quickly becoming an essential feature in many South Carolina homes.

The Rise of Multi-Story Living

One of the main drivers of the growing demand for home elevators is the rise in multi-level housing. In coastal areas like Myrtle Beach and Hilton Head Island, homes are often built on elevated foundations due to flood zone regulations. This means stairs are unavoidable, and navigating multiple floors daily can become inconvenient over time.

Residential elevators provide a practical solution, allowing homeowners to move effortlessly between levels while improving overall accessibility. They also make it easier to transport heavy items, groceries, or even elevator cargo such as furniture and luggage without strain.

Aging Population and Accessibility Needs

South Carolina has a growing population of retirees and aging homeowners who prefer to stay in their homes rather than relocate. This concept, known as aging in place, is a major driver behind the rise of residential elevators.

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As mobility becomes a concern with age, stairs can pose safety risks. Installing a home elevator ensures that homeowners can maintain independence and access every part of their home safely. Compared to alternatives like stair lifts, elevators provide a more comfortable, long-term solution that accommodates wheelchairs, walkers, and caregivers when needed.

Increased Property Value and Market Demand

In today’s competitive real estate market, buyers are looking for homes that offer both luxury and functionality. Residential elevators add significant value to a property, especially in upscale areas of South Carolina.

Homes equipped with elevators appeal to a broader range of buyers, including retirees, families with accessibility needs, and luxury home seekers. In high-demand coastal markets, an elevator can be a key differentiator that sets a property apart.

Additionally, as more buyers expect modern features, homes without elevators may become less competitive over time. Installing one is not just about convenience it’s a strategic investment.

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Convenience for Everyday Living

Beyond accessibility, residential elevators greatly enhance day-to-day living. Carrying laundry, groceries, or heavy items up and down stairs can be exhausting, particularly in larger homes.

With a home elevator, these daily tasks become effortless. Whether it’s transporting suitcases after a trip or moving household items between floors, elevators simplify routines and reduce physical strain.

This convenience is especially valuable for families, where multiple members may need to move items frequently throughout the day.

Technological Advancements and Design Flexibility

Modern residential elevators have come a long way in terms of design and technology. Today’s systems are more compact, energy-efficient, and customizable than ever before.

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Homeowners can choose from a variety of styles, including sleek glass elevators, traditional enclosed systems, and space-saving models that fit seamlessly into existing homes. Advanced safety features, quiet operation, and smart controls make them user-friendly and reliable.

Because of these innovations, working with professional home elevator installers has become easier, as they can tailor solutions to fit the specific layout and design of each home.

Safety and Long-Term Planning

Safety is another key reason why residential elevators are becoming essential. Falls on stairs are one of the leading causes of injuries in homes, particularly among older adults. Elevators reduce this risk significantly by providing a safe and stable way to move between floors.

For homeowners planning long-term, installing an elevator during construction or renovation is a proactive decision. It ensures that the home remains functional and accessible for years to come, regardless of changing mobility needs.

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Coastal Lifestyle Considerations

South Carolina’s coastal lifestyle also plays a role in the growing popularity of home elevators. Beach homes often involve multiple levels, outdoor living spaces, and frequent hosting of guests.

An elevator makes it easier to accommodate visitors of all ages and mobility levels, enhancing the overall experience of coastal living. It also simplifies moving items like beach gear, groceries, and luggage between floors.

Conclusion

Residential elevators are no longer just a luxury feature; they are becoming a necessity in South Carolina homes. With the rise of multi-story living, an aging population, and increasing demand for convenience and accessibility, elevators offer practical solutions that enhance both lifestyle and property value.

From improving safety to simplifying daily tasks and supporting long-term living, home elevators are a smart investment for modern homeowners. As more people recognize their benefits, residential elevators will continue to play a vital role in shaping the future of housing across South Carolina.

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Apartment rents weaken further as war and job cuts weigh on demand

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Apartment rents weaken further as war and job cuts weigh on demand

Key Points

  • March rents were down 1.7% on an annual basis, according to Apartment List.
  • That’s the largest drop since Apartment List began tracking in 2017and larger than the record set in the early months of the Covid pandemic.
  • Rents are falling because vacancies are also unusually high.

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Topps Tiles to close 23 stores as part of cost-cutting plans

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Leicestershire-based tile chain also planning head office changes

Tiles on display at the Topps Tiles HQ in Leicestershire

The Topps Tiles HQ in Leicestershire(Image: Leicester Mercury)

Retailer Topps Tiles has revealed 23 branches are set to close amid challenging conditions in the home improvement sector and mounting costs.

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The Leicestershire-headquartered tile specialist said the closures, representing 7% of its 319-strong portfolio, will help reduce expenses as part of “significant self-help measures”, which also include savings being delivered at its head office.

Topps said the branches are underperforming, with eight already shuttered since last September and the remaining sites set to close over the coming six months.

The company did not reveal what effect the moves would have on its workforce or specify cost-saving targets, though it confirmed affected employees would be offered positions elsewhere within the business where feasible.

The group currently has approximately 1,850 staff members.

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Topps Tiles chief executive Alex Jensen said: “In light of subdued consumer sentiment and geopolitical uncertainty as well as the cumulative impact of cost inflation, the management team is implementing a targeted programme of self-help measures weighted towards the second half.

“These actions are designed to support year on year profit growth and provide a stronger financial platform for 2027 and beyond.”

The business reported sales declined 0.1% to £142.7 million in the six months to 28 March, though it noted revenues were affected by a “lengthy” competition process and disposal programme required to address competition concerns following its acquisition of CTD from administration in 2024. Excluding the CTD business, sales climbed 2.1%, although the company noted growth decelerated sharply to 0.6% in the second quarter.

The group said it outperformed the broader DIY and home improvement market, yet shares still slipped 3% following the update.

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The ongoing cost-cutting measures are expected to weigh on sales while strengthening profitability, the group added.

Ms Jensen assumed the role of chief executive on December 8, succeeding longstanding former boss Rob Parker upon his retirement.

Topps’ acquisition of CTD out of administration came under scrutiny from the Competition and Markets Authority (CMA), which ordered the company to divest a number of CTD stores to address its concerns.

The retailer retained 22 CTD stores, reduced from an initial 31.

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In December, it also acquired the brand of collapsed rival Fired Earth in a £3 million rescue deal, after the Oxfordshire-based competitor fell into administration in October, leading to the closure of its 20 UK showrooms and 133 redundancies.

Topps confirmed the group remains on course to return the CTD arm to profitability in 2025-26, having recorded like-for-like sales growth of 1% across the division in the first half to March 28.

The company posted a statutory pre-tax profit of £8.3 million in the year to September, a marked turnaround from a £16.2 million pre-tax loss the previous year. Half-year figures are due to be published on May 19.

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Shares surge on hopes of US Iran exit but risks remain

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Shares surge on hopes of US Iran exit but risks remain

Australia’s share market has bounced sharply on optimism the US will wind down its military campaign against Iran, but doubts remain and aftershocks from the conflict are likely to linger.

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Oil slides 4% to below $100/bbl as Middle East uncertainty keeps markets on edge

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Oil slides 4% to below $100/bbl as Middle East uncertainty keeps markets on edge
Oil fell over 4% on Wednesday, reversing earlier gains as ongoing Middle East tensions rattled markets, even amid reports that the U.S.-Israeli conflict with Iran could be easing.

The June Brent contract dropped 4.35% to $99.45 per barrel by 7:05 am GMT, while May U.S. WTI crude slipped 3.99% to $97.34 per barrel.

Prices rose earlier on Wednesday but turned lower as uncertainty over the Middle East conflict ‌prompted investors to ⁠lock in ⁠gains.

“The dip is likely due to a lull during Asian hours with profit taking amid signals from the U.S. that the war may come to a conclusion in the near term,” said Emril Jamil, senior analyst at LSEG.

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Brent futures for June delivery settled down more than $3 on Tuesday following unconfirmed media reports that Iran’s president was ready to end the war.


President Donald Trump told reporters on Tuesday that the U.S. could end the military campaign within two to three weeks and that Iran does not ⁠have to ‌make a deal to end the conflict, his clearest declaration yet that he wants to wind down the month-long war.
Still, even if the conflict ends, infrastructure damage is likely ⁠to keep supplies tight, analysts say. Oil prices will depend on how quickly supply chains normalize afterwards, said Priyanka Sachdeva, senior market analyst at Phillip Nova.

“Even if it starts to de-escalate, the flow of tankers won’t resume right away … shipping costs and insurance, tanker movement will take time to return to normal,” Sachdeva said, adding that the actual damage to oil infrastructure could only be assessed afterwards.

Trump has indicated he could end the war before reopening the Strait of Hormuz, a key route through which 20% of global oil and liquefied natural ‌gas trade flows, according to a Wall Street Journal report.

“Even with diplomatic channels reportedly still active and intermittent comments from the U.S. administration predicting a short end to the conflict, the combination of limited tangible ⁠diplomatic progress, continued maritime attacks and explicit threats against energy assets keeps supply risks skewed to the upside,” LSEG analysts said in a note.

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OPEC oil output dropped 7.3 million barrels per day in March compared with the previous month, a Reuters survey showed on Tuesday, illustrating the impact of forced export cuts because of the closure of the strait.

Meanwhile, U.S. crude oil output fell by the most in two years in January following a severe winter storm that knocked production offline in large swathes of the country, data from the Energy Information Administration showed on Tuesday.

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UBS reiterates Chevron stock Buy rating on Microsoft power deal

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UBS reiterates Chevron stock Buy rating on Microsoft power deal

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HOLT Architects Transforms Lavery Library Into a Modern Student Success Center

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HOLT Architects Transforms Lavery Library Into a Modern Student Success Center

When HOLT Architects began reimagining Lavery Library at St. John Fisher University, the assignment was not to refresh a dated academic building. It was to redefine what that building meant to campus life.

Constructed in 1975, the Lavery Library represents the characteristics of that period. As it was mostly concrete and constructed to keep the books stored (and not experience the students) there was an inward look at how the building was constructed which led it to having an internal nickname as a “book fort.” Students would enter the building to get their books and leave; The services were during their stay and spread throughout the building and days. Very little natural light was allowed inside. No circulation was promoted between the major campus areas.

The next 50 years of leadership from the university asked a completely different question: What type of project will allow the students to have the support to perform at their highest level? From this question we were able to change the idea of working on the library to the creation of a Student Success Center and demonstrate access to the services; visibility for all incoming students; the inclusion of all students.

Repositioning a Campus Landmark

The renovation of Lavery transforms the structure’s role in relation to the campus fabric as it now connects key areas of campus rather than serve as a barrier. HOLT Architects incorporated two primary entrances: one facing LeChase Commons and an elevated entrance facing the South Quad to work as throughways rather than dead ends.

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The new universally accessible exterior route replaces previously risky 20-foot staircases with a direct link between Upper Quad and Commons, creating a fully accessible connection for the first-time creating dignified, equitable access to the entire property.

Internally, the renovation optimises vertical circulation through a strong social staircase with an intuitive orientation throughout the building, creating continuous movement throughout the various levels. Rather than appearing as a series of disconnected spaces, the renovation creates an open, clear connection to what a student will see on their way to what they want.

Adaptive Reuse as Strategy, Not Compromise

Rather than demolish the 1975 structure, HOLT embraced adaptive reuse. The building’s robust concrete frame was preserved, conserving significant embodied carbon and minimizing construction waste. The decision reflects a growing recognition within higher education design: sustainability is often most effective when it begins with what already exists.

Preserving the structure required strategic intervention. Mechanical chases that once occupied the perimeter walls were relocated inward, freeing the building’s edges for glazing and daylight. High-performance envelope upgrades and new glazing systems enhance energy efficiency while transforming the interior experience.

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This approach allowed the design team to respect the building’s permanence while redefining its purpose. The heavy concrete frame remains, but its character has shifted. Transparency replaces opacity. Light replaces enclosure. The architecture acknowledges its past without being constrained by it.

The project serves as an example of how to incorporate modern solutions and designs with existing historical elements through adaptive reuse. This project shows that preservation and innovation can co-exist, and adaptive reuse can now be seen as an innovative approach instead of just looking back at the past.

From Repository to Academic Hub

The most visible transformation is programmatic. Lavery no longer functions primarily as a repository for books. Through the consolidation and right-sizing of collections, prime perimeter zones were freed for student use. Seating increased by approximately 20 percent without expanding the building’s footprint.

That increase is not simply quantitative. The renovation diversifies how students can inhabit the building. Open collaboration areas coexist with enclosed group rooms. Technology-rich classrooms sit alongside a dedicated silent reading room. Lounge seating, carrels, group tables, and social stair seating support different learning modes, durations, and comfort levels.

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The design combines both “we” areas for collaboration and “me” areas for study – providing areas for engaging in group conversation or areas that allow for quieter concentration. Individual students can select the environments that align with their energy levels and work styles throughout their day. The spaces are meant to accommodate different methods of studying, so there isn’t just one way to be successful academically within this building.

Daylight is central to this shift. Once scarce, it now defines the interior character. New entrances and expanded glazing draw light deep into the floor plates. Transparent tutoring rooms and visible circulation paths allow students to see activity and support in motion. The building communicates openness before a word is spoken.

A Concierge Model for Student Success

At the heart of the renovation is a concierge-style Student Success Desk. Advising, tutoring, accessibility services, career planning, and research support are co-located in a single, highly visible hub. Services that were once fragmented or hidden are now centralized and daylit.

An organizational move to a new space has both logistical and psychological implications. When academic support is provided at a distance (e.g., in offsite offices), there may be a perception of stigma associated with accessing that support. When academic support is provided centrally on campus in light-filled spaces and in close proximity to day-to-day activity throughout the campus, academic support is readily accepted as the norm.

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Librarians are repositioned as teaching partners, with offices distributed throughout the building rather than isolated behind closed doors. Their presence reinforces the idea that research, advising, and mentorship are integrated aspects of student life, not ancillary services.

University leadership has described the project as the physical embodiment of Fisher’s supportive culture. The architecture expresses that culture in concrete terms. Students encounter support not as a destination they must seek out, but as an ever-present resource woven into their path.

Removing Physical and Psychological Barriers

The renovation addresses inclusivity at multiple scales. The new accessible campus connection eliminates a long-standing physical obstacle. Interior circulation is intuitive, with clear sightlines and vertical links that reduce confusion.

Transparency does additional work. Glass-walled tutoring rooms and visible service points remove the ambiguity that often discourages students from asking for help. When support is visible, it signals availability. When students can see peers engaging with services, help-seeking becomes normalized.

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Even the redistribution of space reflects this philosophy. Perimeter daylight zones are prioritized for student occupancy, while deeper interior areas house support functions. The message is subtle but clear: students come first.

Native landscaping and stormwater strategies extend the ethos of care beyond the building envelope. Sustainability and equity operate as parallel commitments rather than competing priorities.

Architectural Thought Leadership in Practice

HOLT Architects has built a reputation across New York State for integrating high-design aesthetics with functional and sustainable solutions. At Lavery, that reputation translates into a project that is as strategic as it is spatial.

The firm resisted the temptation to treat the building as obsolete. Instead, it recognized the latent value in the existing structure and amplified it. Adaptive reuse preserved embodied carbon. Envelope upgrades improved performance. Reorganization unlocked space for students. The design demonstrates that thoughtful intervention can extend a building’s relevance by decades.

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The project’s impact has been recognized with the Jeffrey J. Zogg Build New York Award from the Associated General Contractors of New York State. The award underscores not only construction excellence but also the broader civic value of the transformation.

Of course, there is also an increasing recognition of the nature of the space being occupied on a daily basis. Lavery is now operating as a civic commons, or an academic hearth, where the community, connection, and learning all come together. Students walk through Lavery on their way to their respective quads. Students also hang out on the social stair and meet with advisors in the glass-fronted offices; they also study in daylight that previously did not exist.

A Model for the Next Generation of Campus Libraries

Higher education institutions across the country are grappling with similar questions. What is the role of a library in an era of digital resources? How can campus buildings embody commitments to accessibility and inclusion? How can sustainability goals align with budget realities?

The Lavery renovation offers one answer. Rather than abandoning the library typology, it expands it. The building retains its intellectual core while integrating academic and career support into a unified framework. It shifts from storage to service, from isolation to integration.

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By preserving the concrete frame, HOLT Architects demonstrated that sustainability begins with stewardship. By opening the façade and reorienting circulation, the firm reinforced that architecture shapes behavior. By centralizing student services, the design team affirmed that physical space influences institutional culture.

What was once described as a “book fort” is now a forum for learning and connection. The transformation is architectural, operational, and symbolic.

For St. John Fisher University, Lavery stands as a commitment made visible. For HOLT Architects, it represents a model of adaptive reuse that balances preservation, sustainability, and forward-thinking design. And for the students who move through its light-filled spaces each day, it serves a simpler purpose: a place where success is supported, accessible, and expected.

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Jamie Dimon says US must ‘finish’ Iran conflict to protect economy

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Jamie Dimon says US must 'finish' Iran conflict to protect economy

JPMorgan Chase CEO Jamie Dimon is calling for a decisive end to the conflict with Iran, saying the U.S. must “finish this thing” to protect the global economy and remove the threat to the region.

Dimon appeared on “Fox & Friends” Tuesday, saying American strength depends on decisive action in the Middle East and embracing the artificial intelligence revolution.

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“It’s much more important that this be successfully completed than what the market does,” Dimon said. 

Threats to Middle East oil flows have added uncertainty to markets, as the United States, Israel and Iran continue to exchange strikes. On Tuesday, Iran struck an oil tanker off the coast of Dubai and continues to block shipments in the vital Strait of Hormuz.

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Jamie Dimon leaves Capitol after meeting with Senate Republicans on economic policy.

Jamie Dimon, CEO of JPMorgan Chase, departed the U.S. Capitol after attending a Senate Republican policy luncheon on Sept. 17, 2025, in Washington, D.C. (Graeme Sloan/Bloomberg via Getty Images / Getty Images)

Dimon said Americans should be hoping the United States wins the latest conflict and acts to “clean up the straits,” minimizing future threats to the U.S. and its allies.

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“These people have been doing something bad for 47 years. They’ve been killing people. They’ve been killing Americans,” Dimon said. 

“I think people are surprised to find out they had a ballistic missile and go 3,000 miles. These are bad people, and they needed to be stopped,” he added. 

Dimon advocated for the country to “finish this thing,” warning that if the U.S. fails to act, the cycle of threats will continue.

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U.S. Navy sailor signals helicopter launch on aircraft carrier flight deck.

A U.S. Navy sailor signaled the launch of an MH-60R Sea Hawk helicopter from the flight deck of the USS Gerald R. Ford on Feb. 28, 2026, at sea, as part of Operation Epic Fury. The operation followed a joint U.S.-Israeli strike on Iran that killed Su (U.S. Navy via Getty Images / Getty Images)

Beyond the battlefield, Dimon noted that a vital part of U.S. security is embracing AI capability and fixing a lagging defense industrial base. He singled out the U.S.’s inability to double or triple its supply of rockets if needed, noting it is a major area of concern.

JAMIE DIMON SAYS US HAS ‘BECOME LIKE EUROPE’ ON DEFENSE, AND IT’S HOLDING THE COUNTRY BACK

Dimon discussed his $1.5 trillion Security and Resiliency initiative, which lends and invests money to companies researching areas tied to national security, including drones, space and rare earths. 

He also spoke about the changes he sees on the horizon as the country adapts to the introduction of artificial intelligence. Dimon compared the AI shift’s importance to that of tractors and electricity. 

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Bank executive speaks to an audience during a conference focused on business and innovation.

Jamie Dimon, chief executive officer of JPMorgan Chase & Co., speaks during the America Business Forum in Miami, Nov. 6, 2025. (Eva Marie Uzcategui/Bloomberg via Getty Images / Getty Images)

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“AI, in the long run, is [going to] be unbelievable. Just like fertilizer was and tractors and the internet and electricity, it’s [going to] cure cancers,” he said.

“My guess is our grandkids will be working three and a half days a week. They’ll live to 100. They won’t have all our diseases. That’s good,” Dimon added. 

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