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Kraft Heinz CEO: "Consumers Are Literally Running Out Of Money Toward The End Of The Month"
Kraft Heinz CEO: "Consumers Are Literally Running Out Of Money Toward The End Of The Month"
While the digital US economy, if proxied through the earnings growth and stock prices of AI companies and their "picks and shovels" support ecosystem, has never been stronger, the traditional US consumer, responsible for 70% of US GDP, has rarely been more depressed than right now (and according to the latest University of Michigan sentiment survey, Americans have literally never been more pessimistic).
That was the take home message from the latest earnings week, when...
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Jun 28, 2026 / Tyler Durden
"Navigation Extremely Limited": Top Shipper Warns IRGC Mines Complicate Hormuz Normalization
"Navigation Extremely Limited": Top Shipper Warns IRGC Mines Complicate Hormuz Normalization
The top executive of Japan's largest shipping company told the Financial Times in an exclusive weekend interview that the path toward normalization in the Strait of Hormuz remains far more complicated than anticipated. He warned that shipping volumes may stay well below prewar levels for months, as IRGC-laid mines are forcing vessels into narrow, safer corridors near Iran and Oman.
"The routes available for navigation are extremely limited — they're very narrow corridors," Takaya Soga, chief executive of Japan's NYK...
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May 10, 2026 / Dave DeCamp
Russia and Ukraine Accuse Each Other of Violating Three-Day Ceasefire
Russia and Ukraine have accused each other of violating a three-day ceasefire that President Trump announced on Friday, following a pattern of most short-term truces that have been attempted in the four-year-old conflict. Trump said in a post on Truth Social that the ceasefire would be observed from May 9 to May 11 to mark […]
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Mar 25, 2026 / Brendan Brown
The Iran War Brings More Inflation and New Strength to the Yuan
Beyond the initial oil shock, the Iran war is also laying the foundation for ongoing monetary inflation and price inflation, with no real change to the US regime’s commitment to easy money.
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