US Military Commanders Make Surprise Visit to Venezuela

Oracle Tumbles After Mixed Results, Capex Comes In Hot; Warns Another $40BN Debt/Equity Capital Raise Coming With tech stocks cracking for a 3rd straight day, and with the broader market closing at the lows in a surprising sign of weakness, many were looking to ORCL to kickstart the AI euphoria which has been oddly missing in recent days (and which send NVDA stock briefly just below the key level of $200). Well, for those hoping that ORCL would be the much needed spark, they may be disappointed after ORCL stock...

Core Producer Prices Cooler Than Expected In April, Goods Costs Jump Most On Record After yesterday's mixed bag from consumer prices (headline in-line but core cooler than expected and goods deflating), US Producer Prices were expected to keep accelerating higher (on a YoY basis) in May and they did... by more than expected. Headline PPI rose 1.1% MoM in May (much hotter than the 0.7% MoM exp) but April's 1.4% MoM rise was revised down to +1.1% MoM. This left producer prices up 6.5% YoY (vs 6.4% exp and up from...

European Conservative Lawmakers Warn Of 'No-Go Zones' Tied To Mass Immigration And Islamization Authored by Thomas Brooke via Remix News, A new report backed by European conservative lawmakers is sounding the alarm over what it describes as the spread of “no-go zones” across the European Union, linking the phenomenon directly to mass immigration, Islamization, and the breakdown of state authority in major urban areas. The report was presented at a press conference on Wednesday by Sweden Democrats MEP Charlie Weimers, French nationalist MEP Marion Maréchal, and Brothers of Italy MEP Nicola Procaccini....