Key Events This Holiday-Shortened Week: PCE, Durables, Consumer Confidence And Fed Speakers

NATO Condemns Russia After Drone Smashes Into Romanian Apartments: 'Grave Escalation' A Russian overnight attack on Ukraine reportedly involved an errant drone crashing into a 10-story apartment block in neighboring Romania, which is a member of NATO. "We condemn Russia's recklessness, and NATO will continue to strengthen our defenses against all threats, including drones," a NATO spokesperson said on X, in an initial reaction.  Romanian Department for Emergency Situations handout, via Reuters Romanian officials described that during the Russian military's assault on Ukraine, which has basically become nightly at this point, a Russian drone slammed...

Black oil-filled raindrops fell on parts of Moscow on Thursday after a major Ukrainian drone attack targeted the city and hit an oil refinery as the Russia-Ukraine war continues to escalate. Thick black smoke could be seen in the skies of Moscow following the attack, and at least 17 people were wounded by the drones, […]

Brave New Autonomous World Takes Shape On America's Highways Wall Street remains hyper-focused on whether the hyperscalers' AI-driven data center buildout, now approaching $700 billion and roughly 10 times 2020 levels, will ultimately generate enough returns to justify the massive spending boom. Goldman analysts, led by Mark Delaney, focused on the "impact of AI on profit pools" and, more specifically, on the incremental profit AI-enabled initiatives in the transportation space could ultimately generate. The good news is that nearly a year after Delaney's June 2025 note to clients, his team found that...