US Industrial Production Unexpectedly Drops In March (After Huge Upward Revision For Feb)

Over 100 House Democrats on Wednesday voted in favor of an amendment put forward by Rep. Thomas Massie (R-KY) to cut $3.3 billion in military aid to Israel, marking a major shift as Democrats in Congress have to grapple with the growing skepticism of the US-Israel relationship among their voter base. The amendment would have […]

One Reason This Energy Shock Is Not Like The One 15-Years Ago Arend Kapteyn, the global head of economics and strategy research and chief economist at UBS, told clients that one key reason the current Middle East conflict-driven energy shock "is not like 2011-2014" will be the absence of a comparable response from the shale patch, suggesting consumers are more likely to bear the brunt of the pain.  Kapteyn noted that, on an inflation-adjusted basis, oil prices in 2011-2014 were actually higher than they are today, yet the U.S. economy absorbed that...

Federal Judge Spares Google From Breaking Up Ad Tech Business Authored by Bill Pan via The Epoch Times, A federal judge has ruled that Google does not have to dismantle its advertising technology business, rejecting the most punitive remedy sought by the Justice Department in the antitrust case against the company. In an order issued on Wednesday, U.S. District Judge Leonie Brinkema of the Eastern District of Virginia declined to compel Google to sell AdX, its online advertising marketplace. AdX allows publishers to auction ad space in real time when users visit their...