As Israel Escalates Lebanon Strikes, No Assurances Lebanon Won’t Get Dragged Into Iran War

Iraq's Ruling Pro-Iran Bloc Races To Choose PM, While US Rejects Main Candidates Via The Cradle The US has suspended all funding and security coordination with Iraq, and shipments of dollars the Central Bank of Iraq (CBI), until a new Baghdad government acceptable to Washington is formed, Saudi state-owned Al-Hadath reported Monday. The US is also conditioning continued security cooperation on the disclosure of those involved in the bombing of its embassy, the news channel added.  President Trump previously with the current Prime Minister of Iraq Mohammed Shia' al-Sudani Nevertheless, on Monday, the CBI released a statement rejecting the Al-Hadath report....

US Industrial Production Surged In April Despite record low consumer sentiment (if you believe UMich), this morning saw the Empire Fed survey show New York state factory activity expanded in May at the fastest pace in four years, and firms grew more optimistic about the outlook. That was followed by a much hotter than expected Industrial Production print (up 0.7% MoM vs +0.3% MoM exp and higher than the highest estimate) for April (and March's decline revised stronger), lifting annual growth up to +1.35% YoY... Source: Bloomberg April's gain for US industrial production was...

Bringing Sexy Back: Victoria's Secret Shoots Higher After Abandoning Woke Ideology Shares of Victoria's Secret surged a mind-boggling 40% in the U.S. morning cash session after the bras-and-lingerie retailer delivered a stronger-than-expected first quarter, boosted its outlook, and showed signs of a turnaround plan in motion. Net sales rose 15% to $1.56 billion in the first quarter, beating guidance, while comparable sales increased 13%, signaling that CEO Hillary Super's turnaround plan is gaining traction as product innovation, stronger regular-price selling, and renewed brand momentum drive shoppers back into stores and online.  Management...