China Preps For War: Spy Balloon Belies Much Larger Economic Warning Signs

Russian Black Sea Town Plunged Into Environmental Catastrophe After 4th Drone Strike On Oil Complex Russia's Tuapse on the Black Sea can't catch a break as it has been hit by Ukrainian drones for the fourth time within only a month, after a series of devastating attacks in April which unleashed large fires. On Friday another fire broke out at a marine terminal in Tuapse after this latest Ukrainian drone strike, regional emergency officials have confirmed. Over 100 fire-fighting personnel are battling the blaze. Tuapse has already been under a state of emergency...

An Israeli strike in central Gaza on Tuesday killed at least one Palestinian man and injured another person, medical sources told Turkey’s Anadolu Agency, as the IDF continues its daily attacks and constant violations of the US-backed ceasefire deal. The deceased, identified as Abdulrahman al-Shaafi, was killed when two Israeli missiles hit the entrance of […]

Savings Rate Highest In 6 Months As Fed's Favorite Inflation Indicator Rises Near 2-Year High The Fed's favorite inflation indicator - Core PCE (a measure of price changes in consumer goods and services that excludes volatile food and energy costs) - rose o.4% MoM in January (in line with expectations) with YoY rising by 3.1% (as expected), slightly higher than the 3.0% in December... Source Bloomberg That is the highest YoY Core PCE since March 2024. The headline PCE rose 0.3% MoM (as expected) driving prices up 2.8% YoY (down from December's +2.9%...