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Services Sector Contraction In March Screams Q1 Stagflation
Services Sector Contraction In March Screams Q1 Stagflation
Following S&P Global's Manufacturing PMI's better than expected print higher (signaling resilience in the face of March's war in Iran), the data released this morning showed the US Services Sector experienced a contraction of activity at the end of the first quarter of 2026.
The headline S&P Global US Services PMI Business Activity Index recorded 49.8 in March, down from February’s 51.7 and lower than the earlier ‘flash’ estimate of 51.1.
It was the first decline recorded in over three years amid the weakest...
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Mar 12, 2026 / Dave DeCamp
In First Statement, Iran’s New Leader Says Strait of Hormuz Will Remain Closed and Attacks on US Bases Will Continue
Ayatollah Mojtaba Khamenei, who replaced his slain father as the new supreme leader of Iran, issued his first statement on Thursday, where he said the Strait of Hormuz would remain closed and vowed Iranian attacks on US bases in the region would continue. “Certainly, the leverage of blocking the Strait of Hormuz must also continue […]
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May 4, 2026 / Tyler Durden
GameStop CEO's CNBC Interview Raises More Questions Than Answers On eBay Bid
GameStop CEO's CNBC Interview Raises More Questions Than Answers On eBay Bid
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GameStop CEO Ryan Cohen Can't Explain Basic Deal Math To CNBC Host
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CNBC's Andrew Sorkin interviewed GameStop CEO Ryan Cohen earlier this morning about GameStop's bid for eBay.
Sorkin asked Cohen about "how does the math work for you? Given...
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Mar 7, 2026 / Mark Thornton
Iran War Hype, Gold, and the Fed’s Debt Bubble
Iran escalation, fragile debt markets, and gold flashing warning signs. Mark Thornton explains why this bubble won’t end gently.
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