Services Sector Contraction In March Screams Q1 Stagflation

DOJ To Ask Supreme Court To Intervene In E. Jean Carroll's Lawsuit Against Trump Authored by Matthew Vadum via The Epoch Times, The U.S. Department of Justice (DOJ) said it will ask the U.S. Supreme Court to allow it to intervene in President Donald Trump’s appeal of the $83.3 million jury award E. Jean Carroll won against him in a defamation lawsuit. The DOJ will ask the Supreme Court to substitute the United States for Trump in the lawsuit, arguing that in 2019, during his first term as president, when Trump denied...

More Than 1,000 TSA Officers Have Quit Amid Shutdown Authored by Troy Myers via The Epoch Times (emphasis ours), The Department of Homeland Security (DHS) said Monday that more than 1,000 Transportation Security Administration (TSA) officers have left the agency since the partial shutdown began on Feb. 14. An employee with the Transportation Security Administration (TSA) checks the documents of a traveler at Reagan National Airport in Washington, Jan. 6, 2019. Joshua Roberts/Reuters Amid the record-breaking lapse in funding, DHS said that with summer months approaching and the FIFA World Cup kicking off...

US Oil Exports Soar To New Record High As Inventories Tumble, SPR Drained Most Since October 2022 One week ago we lamented that the record oil inventory drawdown, which has seen over 250 million barrels drained from storage since the start of the war, has not led to higher oil prices (for those who missed it, Goldman forecast that global visible oil inventories are likely to reach record-low levels even in an optimistic scenario where Hormuz flows start to recover by the end of April). Moments ago the already precarious inventory picture...