US Retail Sales Jumped Most In 8 Months In February

Pentagon Hails Two US Merchant Ships Safely Exiting Strait, As Iran Vows Attack On US Navy Entering Hormuz Summary CENTCOM hails two US merchant ships exiting Hormuz Strait safely in "first step". Iran insists Hormuz is under its control & says it targeted & struck a US Navy vessel, which the Pentagon/Central Command has denied. Trump announced Sunday US will 'help free up' ships stuck in Hormuz Strait through Project Freedom. Iran has in response issued a "redefined the control zone" in Strait of Hormuz. Pakistan facilities good faith return of Iranian crew members of...

Euro Area Inflation Tops 3.0% For First Time Since 2023, Cementing ECB Rate Hike Euro Area inflation topped 3% for the first time since September 2023, further cementing expectations for a rate hike when the ECB meets next week.  Consumer prices rose 3.2% from a year ago in May, and up from 3% the previous month, in line expectations. But core inflation, which excludes volatile items like food and energy, jumped more than anticipated to 2.5% (technically 2.55%), while the closely watched services gauge jumped to 3.5%, the highest since last November, and non-energy...

Trump To Cut Off $4B Annual Israel Aid By Year-End, Jokes He'd Move There To Become PM 'If People Got Tired Of Me' President Donald Trump announced Tuesday that the United States will end its nearly $4 billion in annual military aid to Israel by the end of the year, saying he and Prime Minister Benjamin Netanyahu agreed to the cutoff months ago. Trump argued Israel no longer needs the assistance and that the annual payment had become an easy political target for critics on the left. US President Donald Trump...