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Conference Board Confidence Unexpectedly Jumps To Highest In 2026
Conference Board Confidence Unexpectedly Jumps To Highest In 2026
Despite war (and rising gas prices) now fully embedded in respondents' minds, it is perhaps surprising that The Conference Board's Consumer Confidence rose considerably more than expected to 92.8 in April (89.0 exp) from an upwardly revised 92.2.
Present Situation dipped very modestly from 124.1 to 123.8 (120.1 exp) while Expectations rose from 71.0 to 72.2 (69.2 exp)
Source: Bloomberg
That is the highest headline print in 2026.
“Consumer appraisals of current and expected business conditions declined moderately compared to last month," said Dana M Peterson,...
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May 15, 2026 / Tyler Durden
US Gasoline Inventories Plunging On Surging Exports, Resilient Demand
US Gasoline Inventories Plunging On Surging Exports, Resilient Demand
Prompt Brent/WTI crude nearby futures increased by 5/7% week-over-week to $105/101 as flows through the Strait of Hormuz remained very low and on limited signs of progress on a US-Iran deal.
Meanwhile, as global oil inventories collapse at a record pace yet sliding Chinese demand and strategic releases from Beijing keep crude prices relatively stable, Goldman writes that the US gasoline market has become very tight, with inventories drawing at a rapid average pace of 0.7mb/d since April 1st to 5% below their...
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Jun 27, 2026 / Tyler Durden
US Conducts More Airstrikes On 'Multiple Targets' In Iran After IRGC Attacked Another Commercial Ship
US Conducts More Airstrikes On 'Multiple Targets' In Iran After IRGC Attacked Another Commercial Ship
Update1930ET): The Pentagon has sought to level the score once again, after Iran had attacked a second commercial vessel in the Strait of Hormuz in under 48 hours on Saturday.
Late in the day, the US military conducted more air strikes against "multiple targets in Iran". According to a fresh CENTCOM statement:
After yesterday’s U.S. strikes in response to the Iranian attack on M/V Ever Lovely, Iran was given a chance to honor the ceasefire agreement but elected...
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Apr 28, 2026 / Tyler Durden
NATO Minus US: European Militaries Won't Add Up To Deter Russia
NATO Minus US: European Militaries Won't Add Up To Deter Russia
Authored by John Haughey via The Epoch Times (emphasis ours),
The North Atlantic Treaty Organization’s European nations would need to bolster standing militaries by at least 300,000 troops and significantly boost defense spending beyond 3.5 percent of gross domestic product - at least 250 billion euros - while reviving and integrating their industrial base to defend themselves against Russia without the United States.
And they’d need to do that fast, according to a 2025 joint analysis by European think tanks Bruegel...
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