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'Soft' Data Soars To 2-Year Highs As Chicago PMI Smashes Expectations
'Soft' Data Soars To 2-Year Highs As Chicago PMI Smashes Expectations
Market News International's Chicago Business Barometer smashed expectations this morning, print 57.7 - the highest since May 2022 - and above the highest analysts' expectation.
This is the second straight month above 50 (signaling expansion) with new orders and employment surging (but prices also rising)...
Prices paid rose at a faster pace; signaling expansion
New orders rose at a faster pace; signaling expansion
Employment rose and the direction reversed; signaling expansion
Inventories fell and the direction reversed; signaling contraction
Supplier deliveries rose at a faster...
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May 22, 2026 / Tyler Durden
Crowd Burns Ebola Treatment Center In Congo Amid Dispute Over Body
Crowd Burns Ebola Treatment Center In Congo Amid Dispute Over Body
Authored by Zachary Stieber via The Epoch Times,
People set fire to an Ebola treatment center in a town at the heart of the outbreak in eastern Congo on May 21 after being stopped from retrieving the body of a local man, witnesses and police said.
“The police intervened to try to calm the situation, but unfortunately they were unsuccessful,” Alexis Burata, a local student who said he was in the area, told The Associated Press.
“The young people ended up setting...
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Jul 11, 2026 / Tyler Durden
Iran Begins 'Retaliation' Attack On Gulf After Overnight US Launched 3rd Round Of Strikes, Following IRGC Hit On Cargo Ship
Iran Begins 'Retaliation' Attack On Gulf After Overnight US Launched 3rd Round Of Strikes, Following IRGC Hit On Cargo Ship
Update 10:40pm ET.
Somewhat predictably, as has been the pattern of this war - Iran is in the very early morning hours (local) launching retaliatory strikes on Arab Gulf nations, or as the Iranians say against US assets and bases in the Gulf. Per state media:
IRAN LAUNCHES SERIES OF STRIKES AGAINST US TARGETS: PRESS TV
Last week Kuwait and Bahrain were favored targets, but there are signs that Iran - now with...
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Jul 4, 2026 / Tyler Durden
DRAMageddon Deepens As Samsung Prepares 20% Memory Price Hike
DRAMageddon Deepens As Samsung Prepares 20% Memory Price Hike
There is no immediate price relief coming for cutting-edge memory chips, even as South Korea moves to double memory capacity. New fabs and expanded lines take time to build and then ramp production, meaning the supply response will lag demand. For now, DRAM inventories remain tight through year-end as data center buildouts accelerate, keeping producers like Samsung in control of the market, with more price hikes likely ahead.
The memory-chip squeeze is not easing anytime soon. That is the clear takeaway from...
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