Core US Factory Orders Surged In March To Best YoY Growth Since Nov 2022

Iran Halts All Messages With US, Orders Opening Of New Fronts Citing 'Israeli Crimes'; Futures Slide As Oil Jumps Summary Oil jumps on Iran announcing halt to all exchanges with US, citing Israeli aggression in Lebanon. Iran overnight initiated fresh attacks on neighboring Kuwait and even released video showing footage of a ballistic missile launch. The US bombed radar & drone sites in Iran in response to the Iranians having shot down a US drone over the weekend. Reports of foreign jets over Iranian airspace. Iran negotiator Ghalibaf charges US with breaking the ceasefire: "the naval...

Oil Explodes To 29-Month Highs After Trump Says "No Deal" With Iran Except Under "Unconditional Surrender" The war has entered its seventh day, but there could be a glimmer of hope for some kind of diplomatic-led offramp as Iranian President Masoud Pezeshkian indicated Friday that several countries have begun mediation efforts to end the war with the United States and Israel, but insists negotiations must confront those who started the conflict. "Some countries have begun mediation efforts. Let’s be clear: we are committed to lasting peace in the region, yet we...

World Cup Fans Drive Spending Surge In These US Host Cities Bank of America has released new aggregated credit and debit card data showing that the World Cup is already driving a noticeable increase in retail spending activity across the tournament's 11 U.S. host cities. According to BofA analyst Aditya Bhave, brick-and-mortar spending at restaurants and bars in host cities rose 5.3% year over year in the three weeks ending June 27, outpacing the 3.8% gain seen across the rest of the U.S. Bhave noted that other forms of brick-and-mortar retail...