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

Court Strikes Down Trump's Replacement Tariffs; A Minor, Temporary Setback, With Sec 301 Tariffs Coming After the close on Thursday, the Court of International Trade (CIT) ruled to invalidate Trump's latest set of universal 10% tariff imposed two months ago under Sec. 122. The administration will quickly appeal this decision before it takes effect May 12. If the case follows the same pattern as the challenge to the IEEPA tariffs last year, a higher court might soon stay this ruling and leave the tariffs in place pending a longer review.   As...

A senior Israeli military official said that the peace proposal being discussed by the US and Iran is a bad deal for Israel.  Ynet reports a senior official in the IDF said that the peace proposal being negotiated between the US and Israel would be “a bad deal for Israel.” The US and Israel started […]

Netflix's Live TV Pivot Exposes Growing Engagement Crisis As Shares Falter Netflix shares are teetering on the edge of a bear market after a brutal stretch of underperformance and one of the stock's worst first-half starts in two decades. Subscriber engagement has become an increasing concern for the streaming giant, and a new report suggests management may be considering a risky pivot toward live television to revive viewing time and strengthen its advertising business. According to The Wall Street Journal, Netflix management is weighing live channels, third-party streaming bundles, and additional...