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"Resilient" US Manufacturing Sector Surges In Face Of War, Prices Paid Up
"Resilient" US Manufacturing Sector Surges In Face Of War, Prices Paid Up
Amid the fog of war and fading 'hard' data, the final March S&P Global Manufacturing PMI printed 52.3 (a small drop from the flash 52.4 print), higher than the 51.8 print for February.
“Faster growth of output in March points to encouraging resilience for US manufacturing in the face of the outbreak of war in the Middle East," according to Chris Williamson, Chief Business Economist at S&P Global Market Intelligence.
The ISM Manufacturing PMI also rose from 52.4 to 52.7 -...
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May 19, 2026 / Tyler Durden
Memorial Day Gas Demand Surge Collides With Hormuz Shock As $5 Demand-Destruction Line Nears
Memorial Day Gas Demand Surge Collides With Hormuz Shock As $5 Demand-Destruction Line Nears
Drivers heading into Memorial Day weekend are set to face some of the highest regular gasoline prices at the pump in years.
With the U.S. national average sitting at $4.53 per gallon (according to AAA data) and no resolution yet on a U.S.-Iran peace deal or the reopening of the Strait of Hormuz, pump prices risk rising even higher into the holiday weekend as the summer driving season begins.
Let's start with the chart of the day: AAA...
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Apr 7, 2026 / Dave DeCamp
WHO Suspends Medical Evacuations from Gaza After One of Its Workers Killed by Israeli Fire
The World Health Organization (WHO) said on Monday that it was suspending medical evacuations from Gaza after an Israeli attack in the Strip killed one of its workers. “[WHO] is devastated to confirm that a person contracted to provide services to the Organization in Gaza was killed today during a security incident. Two WHO staff members […]
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Apr 7, 2026 / Dave DeCamp
Trump Declares Two Week Ceasefire With Iran
President Trump declared in a post on Truth Social on Tuesday that the US was going to stop bombing Iran for a period of two weeks as part of a mutual ceasefire deal through Pakistani mediation. Trump said it was “subject” to Iran agreeing to open the Strait of Hormuz, and it was initially unclear […]
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