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Conference Board Consumer Expectations Hit YTD Highs, Inflation Fears Dip In May
Conference Board Consumer Expectations Hit YTD Highs, Inflation Fears Dip In May
With war (and rising gas prices) now fully embedded in respondents' minds (along with record high stock prices), it is perhaps not entirely surprising that The Conference Board's Consumer Confidence dipped in May (but was better than expected).
The headline index dipped 0.7 points to 93.1 in May, down from an upwardly revised 93.8 in April.
The Present Situation Index - based on consumers’ assessment of current business and labor market conditions - retreated by 3.2 points to 121.2.
The Expectations Index -...
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Aug 7, 2026 / Tyler Durden
Saudi Arabia, Turkey, Pakistan Sign Islamic NATO-Style Defense Pact Amid Iran War
Saudi Arabia, Turkey, Pakistan Sign Islamic NATO-Style Defense Pact Amid Iran War
On Friday Saudi Arabia, Turkey and Pakistan signed a major defense agreement as leaders gathered in the city of Makkah, Saudi Arabia. It seeks to strengthen joint deterrence and expanding defense cooperation, the Saudi Press Agency reported.
It is essentially a NATO-style agreement for the 'Muslim world' - given that it stipulates and formalizes that an armed attack on any of the countries will be treated as an attack against all of them.
Formally called the Makkah Joint Defense Agreement, it "reflects...
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Mar 20, 2026 / Tyler Durden
California Moves To Rename Cesar Chavez Day Before March 31 Holiday
California Moves To Rename Cesar Chavez Day Before March 31 Holiday
Authored by Jill McLaughlin via The Epoch Times,
California state lawmakers took steps on March 19 to remove Cesar Chavez’s name from a state holiday this year and replace it with “Farmworkers Day” after accusations against the civil rights icon of sexual assault involving children and women surfaced the day before.
The state became the latest to take action to change or cancel plans to celebrate Chavez as fallout over the accusations continued.
Cesar Chavez Day has been celebrated each year on...
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Jul 9, 2026 / Tyler Durden
Trump To Delist Syria From Terror Designation, Boasts Of Putting 'Fantastic' Sharaa In Power
Trump To Delist Syria From Terror Designation, Boasts Of Putting 'Fantastic' Sharaa In Power
Via Middle East Eye
US President Donald Trump lavished rare praise on Syrian President Ahmed al-Sharaa on Wednesday, calling him "fantastic" and "highly respected", as the two leaders met on the sidelines of the NATO summit in Ankara, Turkey.
The meeting itself is a win for Sharaa, who was first introduced to Trump a little over a year ago in Riyadh, Saudi Arabia, before finding himself in the Oval Office exchanging gifts with the US president by November. No Syrian leader -...
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