China's Unitree Unveils Robot With "Human-Like Physique" That Can Outrun Most People

US Energy Chief Says Oil 'Fear Premium' Over Iran Is Temporary, Says Prices To Fall In 'Weeks, Not Months' Energy Secretary Chris Wright made the rounds on network TV Sunday to reassure viewers that the sharp rise in oil and gas prices due to the Iran war - which Trump has no problem sticking US consumers with for a while - would prove short-lived, and has downplayed the spike as a transient "fear premium" vs. a fundamental supply issue. In conversations to CBS, CNN, and Fox News, wright emphasized that global energy markets remain well-supplied despite...

US Manufacturing Expanded For 6th Straight Month In June As Inflation Fears Ease With 'hard data' having deteriorated recently (except in the labor market), 'soft' survey data has been surprisingly strong (especially in the Manufacturing side of the economy). S&P Global's US Manufacturing PMI dipped from multi-year highs at 55.1 to 53.9 final in June (below the 55.7 expected). ISM Manufacturing also dipped from 54.0 to 53.3 (slightly below the 53.9 exp). Both solidly above the '50' line suggesting growth... Source: Bloomberg Put simply: US manufacturing activity expanded for a sixth straight month in June as...

The US military’s first kamikaze drone unit is ready for potential strikes on Iran, Bloomberg reported on Thursday, citing a US Central Command official. “We established the squadron last year to rapidly equip our warfighters with new combat drone capabilities that continue to evolve,” Capt. Tim Hawkins told the outlet. CENTCOM first announced in December […]