Israeli Strikes Kill Seven in Lebanon, Overall War Toll Passes 3,000 Killed

US Services Surveys Signal Surging Prices, Mixed Growth Following the dramatically better than expected rise in US Manufacturing PMI surveys, analysts expected stability in the Services side of the economy in May. They were somewhat correct but the message was mixed with one survey improving while the other deteriorated... S&P Global US Services PMI dropped from 51.0 (April) to 50.9 (flash May) to 50.7 (final May) - dropping back towards March lows. ISM US Services PMI rose from 53.6 to 54.5 (better than 53.8 exp) Source: Bloomberg Under the hood, both surveys signaled rising prices...

Resident Floats Surefire Way Of Getting Potholes And Trash Cleaned Up In Shithole LA... Authored by Steve Watson via Modernity.news, Los Angeles residents have had enough of living in a crumbling, graffiti-covered wasteland where basic services have collapsed under years of Democrat mismanagement. In a display of pure ingenuity, citizens are fighting back by tagging over blighted areas with "Vote Pratt," betting that Mayor Karen Bass will rush to erase any sign of support for her political rival far faster than she addresses the endless decay. This clever workaround shines a harsh light...

Despite 'Survey' Sadness, Jobless Claims Slide Near Historic Lows The number of Americans filing for jobless benefits for the first time fell to just 207k (below the 213k expected and down from the prior 209.25k) - back near its lowest levels in 5 years (and trend towards its lowest level in 50 years)... Source: Bloomberg Despite a small pick up last week, Continuing jobless claims have been below the 1.9 million Maginot Line since the start of the year... Source: Bloomberg Finally, as the following chart suggests, while it may be "hard to get"...