The Silicon Valley Bank collapse wasn’t unique, it was just first

An Israeli defense official explained that Tehran had learned lessons during the war in June, and the Iranian military was not close to collapse.  “The Iranians learned lessons from Operation Kalavy,” a senior Israeli military official told the Israeli outlet Walla on Tuesday. “They are still functioning militarily at a level that is between moderate […]

US Africa Command announced in a press release that its forces launched an airstrike in Somalia on Sunday, March 8, the first known US strike in the country since the day the US and Israel launched the war with Iran. AFRICOM said that the airstrike targeted the ISIS affiliate in Somalia’s northeastern Puntland region about […]

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%...