Americans Are Getting Behind On Their Debts At A Very Frightening Pace

Core US Factory Orders Surged In March To Best YoY Growth Since Nov 2022 Headline Factory Orders rose 1.5% MoM in March (dramatically better than the 0.6% MoM expected) - the best since November. February's data was also revised higher. However, overall, orders were only up 2.1% YoY - the lowest since JUly 2025 Source: Bloomberg Core Factory Orders surge 1.6% MoM (also better than the 1.3% MoM expected) and up for the 5th straight month. That dragged the YoY growth in core orders up 4.09% YoY - the best since Nov...

Amid Saber-Rattling, Iran Touts Economic Benefits To West If Nuclear Deal Reached Days ahead of another round of talks with US negotiators -- and on the heels of more saber-rattling by the Trump administration -- Iran is touting the potential mutual economic benefits of a deal that would terminate the West's long-running sanctions regime against the second-largest and second-most-populous country in the Middle East.   "For the sake of an agreement's durability, it is essential that the U.S. also benefits in areas with high and quick economic returns," said Iranian Deputy Director for...

Stocks Drift As Chips Extend Gains, Oil Slides On Positive US-Iran Talks Futures are modestly lower coming off the US holiday weekend, after equities finished higher last week with both Dow and Russell clocking new ATHs and SPX finishing in the green for the 11th time in the last 12 weeks.  As of 8:00am ET, S&P 500 futures edged down 0.1% while Nasdaq 100 contracts are higher by 0.1% with chips outperforming as usual while hyperscalers, aka "check payers" down as all Mag 7 are lower with TSLA (-1.4%) and GOOGL...