Iran’s Foreign Minister Says Geneva Talks Were the Most Serious Yet

Consumers Face Fiscal-Cliff As Tax-Refund Sugar-High Fades Nearly two months of the national average gasoline price exceeding the politically sensitive $4-per-gallon level have left corporate America increasingly worried about consumer health this earnings season. Kraft Heinz's CEO warned that some households are "literally running out of money," while UBS analysts caution that even as the AI-linked chip and memory bubble inflates markets to new highs, there are growing "consumer cracks beneath the surface." The Financial Times reports that U.S. consumers may face a cash crunch this summer as Trump-era tax refund...

Global Jet Fuel Exports Hit 10-Year Seasonal Low in April Submitted by Tsvetana Paraskova of OilPrice.com Global seaborne jet fuel exports crashed to a seasonal low in April as supplies remained trapped in the Middle East and Asian refiners slashed run rates amid lower crude availability, energy flows analytics firm Vortexa said in a report on Friday. Global seaborne exports of jet/kerosene fuels slumped to as low as 1.1 million barrels per day (bpd) in April, down by 630,000 bpd from the same month last year. That's also at the lowest end...

Fear Of The Second Wave Authored by Jeffrey Tucker via The Epoch Times, This time last year, it seemed like we were just about finished with the terrible inflation of the Biden years that had trimmed at least 25 percent from the purchasing power of the dollar. The hope has been for a year that the massive increases in money printing over the COVID years were finally done. As some put it, the snake had finally digested the golf ball. All along we’ve worried that the experience of the 1970s would repeat: three...