Tanker Armada Races For Hormuz After Iran Says Strait Is Open

B-52 Bomber Crashes After Take-Off From Edwards Air Force Base In California A U.S. Air Force B-52 bomber aircraft crashed shortly after taking off from Edwards Air Force Base in California, the base said in a statement Monday. “A United States Air Force B-52 Stratofortress crashed shortly after takeoff on the Edwards airfield at 11:20 a.m.,” the base said in a post on Facebook. “Emergency crews immediately responded to the scene and the situation is ongoing.” It’s unclear if there were any injuries or what caused the crash. The base did not provide any...

US PMIs Lead The World As Manufacturing Tops 4-Year Highs, Services Sink Following Japan's ugly PMIs (Services lowest since March 2025) and Europe's disaster (weakest composite EU PMI since late 2023)... ...with prices surging... All eyes are on the US 'soft' survey data for signs of divergence (or contagion). With US 'hard' data improving notably, the preliminary soft survey data for May was mixed with improved performance in manufacturing was countered by a sluggish service sector. Flash US Services PMI Business Activity Index: 50.9 (April: 51.0). 2-month low. Flash US Manufacturing PMI: 55.3 (April:...

Finland & Spain Have The Highest Unemployment Rates, Japan The Lowest Unemployment across the OECD averaged 4.9% in May 2026, but labor market conditions continued to vary significantly from one country to another as economic growth slowed across parts of the developed world. This visualization ranks seasonally adjusted unemployment rates for people aged 15 and older across OECD member countries in May 2026, using data from the OECD. Finland Tops the Ranking Finland recorded the highest unemployment rate among OECD countries at 10.8%, narrowly ahead of Spain at 10.3%. The country’s labor market challenges have been...