Services ISM Smashes Estimates, Prints At 56.1 Highest Since 2022, As Prices Paid Tumble

President Donald Trump and Israeli Prime Minister Benjamin Netanyahu agreed to increase economic pressure on Iran by attempting to cut oil exports to China.  A US official speaking with Axios said during the meeting between Trump and Netanyahu last week, the leaders “agreed that we will go full force with maximum pressure against Iran, for […]

Mamdani Touts First City-Owned Grocery Store Authored by Chris Wade via The Center Square, New York City Mayor Zohran Mamdani on Monday announced the site of the latest city-owned grocery store as the democratic socialist looks to make good on a key campaign pledge. The 20,000-square-foot store, located in the Bronx’s Hunts Point neighborhood, is part of a $70 million plan that includes opening stores in the city’s five boroughs. The plan calls for hiring a private operator to run the store under the city’s pricing rules. The South Bronx store will be part of a new...

CME Launching Futures Market For AI Compute US derivatives exchange CME Group and index provider Silicon Data have teamed up to create a futures market for computing power, a key source driving the AI boom. Bloomberg reports that the futures will help traders, financial firms, AI builders and cloud providers manage volatility and price swings. Indexes from market-intelligence firm Silicon Data will help underpin the products. The project is still pending regulatory review. “As the backbone of the digital economy, compute is the new oil of the 21st century,” CME CEO Terry...