Johnson To Advance New 60-Day DHS Funding Package But Schumer Says DOA

Savings Rate Slides As Fed's Favorite Inflation Gauge Slowed In February (Ahead Of War) The Fed's favorite inflation indicator - Core PCE (a measure of price changes in consumer goods and services that excludes volatile food and energy costs) - rose 0.4% MoM in February (pre-war), in line with expectations, with YoY rising 3.0% (as expected - lowest since Dec), down from January's +3.1%... Source: Bloomberg The YoY Core decline is coming off January's highest level since March 2024, with Services cost inflation slowing notably... The headline PCE also rose 0.4% MoM (as...

Saylor's Strategy Shores Up Capital Structure With More Bitcoin, Stock Sales Michael Saylor’s Strategy Inc. is plowing ahead with its pivot from relentlessly buying Bitcoin to focusing on shoring up its capital structure by raising its reserve via sales of the token and its own shares. The company that grew to prominence with its years-long Bitcoin-accumulation tactic on Monday announced that it had last week completed a roughly $105 million sale of the digital asset, offloaded three million shares worth $291 million and repurchased some $81 million of of its STRC...

“The one institution that should win the Nobel Peace Prize every single year is the United States military.” We start there, because that claim tells you a lot about how Washington sells war and how quickly moral language gets flipped into marketing. I’m joined again by Colonel Karen Kwakowski to unpack the Iran conflict through […]