Morocco Launches Mass Deportations To Block Europe Migration Route: EU's 'Externalization Strategy'

Consumer Credit Jumps More Than Expected In June As Credit Card Debt Spikes One month after the May consumer credit posting a shocking decline - the first since late 2024 - driven by a plunge in revolving credit, things are mostly back to normal, with the Fed reporting in its latest G.19 report that in June, US consumer credit posted a healthy $14.17BN bounce - a full reversal of the May drop of $1.1 billion - and above the $11.9 billion median estimate.  The rebound was driven by a sizable reversal in...

Agricultural Commodity Prices Break Out As JPMorgan's Food Crisis Warning Gets Louder JPMorgan analyst Nora Szentivanyi's warning last week that the next global food crisis could begin as early as next year has been a major wake-up call for some, adding to the growing voices on institutional desks warning that food inflation is poised to re-accelerate.  Remaining extra watchful about agricultural prices, Bloomberg reported earlier that US corn futures moved higher after preliminary results from the Pro Farmer Crop Tour indicated weaker-than-expected yields in parts of critical growing belts across the Midwest. Corn yield estimates...

Israeli attacks in Gaza on Thursday killed at least two Palestinians, according to the Palestinian medics speaking to Reuters, as the IDF continues its constant violations of the US-backed ceasefire deal. The Palestinian news agency WAFA reported that one of the strikes targeted a residential building in Gaza City, killing one and wounding several others. […]