Core PCE Rises Most In 3 Years; Savings Rate Tumbles As Spending Far Outpaces Income

Musk Plans To Appeal After Jury Finds Him Liable To Twitter Shareholders Authored by Aldgra Fredly via The Epoch Times (emphasis ours), A federal jury on March 20 found tech billionaire Elon Musk liable for misleading Twitter shareholders by driving down the social media platform’s stock price months before acquiring it for $44 billion in 2022. The decision follows a civil class action lawsuit filed by Twitter investors in October 2022. Musk agreed to buy Twitter at $54.20 per share in April 2022 but later tried to back out of the deal,...

U.S. Gov't Could End Up Owning 90% Of Spirit In Rescue Deal Summary: WSJ says the Trump administration's possible $500 million rescue deal could leave the U.S. government with 90% control. WSJ says Commerce Secretary Howard Lutnick is leading the effort in U.S.-Spirit talks. BBG reported earlier on a potential $500 million rescue loan for Spirit. News of a possible rescue loan for Spirit emerged last week. Polymarket:  US takes a stake in Spirit Airlines by May 31? Yes 36% · No 64%View full market & trade on Polymarket Spirit Airlines shutdown/liquidation by May 31? Yes...

"Make A Deal Before It's Too Late": Trump Threatens Tehran (Again) As Iran/Oman Draft Protocol To Re-Open Hormuz Summary World's most important oil price hits record high as Trump threatens Iran: "make a deal before it's too late" Oil drops on reports of Iran-Oman coordination to reopen strait. Iran issues Israel/Gulf logistics hubs target list; IRGC targets Amazon Cloud computing center in Bahrain US intelligence assessments say Iran is not ready to negotiate given it believes it has the strategic upper-hand, and doesn't believe Trump is 'serious' about talks: NYT Highest bridge in Iran, connecting Tehran...