Second Chinese 'Combat' Patrol Buzzes Taiwan Within Days, On Heels Of Xi-Trump Summit

Services Costs Drag Fed's Favorite Inflation Signal To 3-Year Highs, Savings Rate Holds Near Lows After accelerating in March and April, The Fed's favorite inflation indicator - Core PCE (a measure of price changes in consumer goods and services that excludes volatile food and energy costs) - was expected to rise once again in May. And it did with the crucial inflation signal up 0.3% MoM (as expected) and up 3.4% YoY (as expected) and at the highest level since Nov 2023... Services costs picked up again with Durable goods flat and...

Tyson Sinks, Walmart Falls After Trump Moves To Temporarily Lower Beef Import Tariffs Tyson Foods and Walmart shares moved lower around noon in New York, while major Brazilian meatpacker Minerva Foods moved higher on a Wall Street Journal report that says the White House will temporarily cut beef import tariffs According to the WSJ report, the plan would suspend the annual tariff-rate quota, which imposes higher duties once import limits are reached, allowing more foreign beef to flood the U.S. at lower tariff rates to suppress soaring prices. The move comes as the...

US-Israeli strikes in Iran pounded residential areas across Iran on Saturday and Sunday as the bombing campaign continues to heave devestating impact on Iranian civilians. Citing Iranian media, AFP reported that overnight strikes from Friday into Saturday on residential areas in the western city of Borujerd killed at least seven people and wounded 36. Attacks […]