Recession Signal As Consumers Struggle To Pay Bills

Israeli airstrikes hit Gaza City on Thursday, killing at least two Palestinians, as Israeli attacks continue across Gaza in violation of the US-backed ceasefire deal. According to the Palestinian news agency WAFA, Israeli warplanes targeted civilians in Gaza City’s northeastern Tuffah neighborhood. On top of the two Palestinians who were killed, dozens more were injured. […]

Crude Stocks Rise 3.5 Million, Highest Since May 2025 With oil flows passing through the Straits of Hormuz blocked indefinitely, markets were paying especially close attention to today's weekly DOE report on oil stocks, to see how much capacity the US has in case of a prolonged lockout. The result was satisfactory.  The DOE reported the following weekly changes: Crude +3.475MM, more than the expected +3.00MM, and the highest since May 2025 Gasoline -1.704MM, down to the lowest since Jan 9, 2026 Distillates +429K, biggest increase since Jan 2026 Cushing +1.6MM, rising to the highest...