Recession Signal As Consumers Struggle To Pay Bills

A 27-year-old Palestinian woman was killed by Israeli fire in Beith Lahia, northern Gaza, on Sunday, the Palestinian news agency WAFA reported, as IDF attacks continue across the Strip despite the US-backed ceasefire deal. The woman, Basma Aram Banat, succumbed to gunshot wounds two hours after she was shot. WAFA also reported that Israeli shelling […]

The Pentagon is in talks on purchasing Ukrainian-made interceptors to counter Iranian drones, the Financial Times has reported, as senior US officials have told Congress that US forces in the Middle East are having more trouble intercepting Iran’s drones than expected. The report said that at least one Gulf country was also in talks on […]

Core US Factory Orders Better Than Expected In December While sentiment is sagging to multi-year lows, 'hard' data is helping support growth forecasts (GDPNOW) and holding stocks at record highs. This morning we get a fresh glimpse at America's manufacturing segment - hard data - with Orders data (which is expected to drop MoM in December). After surging higher in November (+2.7% MoM), analysts expected US Factory Orders to drop 0.6% MoM in December but the actual print disappointed, dropping 0.7% MoM Source: Bloomberg Interestingly, Core Factory Orders rose 0.4% MoM - better than...