Shares Of Infrastructure Developer Erupt On Gulf Energy Reconstruction Prospects

Despite Slumping Sentiment & Lower Gas Prices, The American Consumer Is Still Spending Strongly While headline spend at gas stations is expected to decline (due to tumbling pump prices), BofA's almost omniscient analysts forecast a stronger than consensus print for today's US Retail Sales data. After a big jump in May (revised up), June's Headline retail sales rose 0.2% MoM (as expected), with sales up 6.7% YoY (down modestly)... Gasoline Stations sales saw the biggest decline (along with small drops in Health Personal Care and Food and Beverage). Nonstore Retailers saw the...

Stock Futures Drop To Close Out August As Oil Jumps On Renewed Iran Hostilities US stock futures dropped in thin trading with most traders out as summer draws to a close, while oil prices jumped after the US and Iran exchanged attacks for first time in weeks. Brent futures rallied almost 4% topping $90-handle and WTI contracts rise above $86 a barrel. As of 8:00am ET, S&P futures dropped about 0.2% and contracts on the Nasdaq 100 dipped 0.1% as most Mag 7 stocks drop while energy stocks rise (CVX...

Trump Must Hand Over Finance Records Sought By BBC In Defamation Lawsuit, Judge Rules Authored by Rachel Roberts via The Epoch Times, A judge in Florida has ruled President Donald Trump must hand over financial records sought by the BBC for its defense against his $10 billion defamation lawsuit. The U.S. president is suing the corporation over an episode of “Panorama” that edited together different sections of his speech on the day of the Capitol breach in Washington on Jan. 6, 2021. The BBC reported that Judge Enjoliqué Lett granted a motion by the...