Why Is Consumer Sentiment At Record Lows?

US Targets Hamas Support Networks Authored by Naveen Athrappully via The Epoch Times (emphasis ours), The Department of the Treasury's Office of Foreign Assets Control (OFAC) is sanctioning four individuals associated with a pro-Hamas flotilla that is trying to access Gaza in support of the terrorist group, the department said in a May 19 statement. Hamas terrorists secure an area before handing over an Israeli American hostage to a Red Cross team in Gaza City on Feb. 1, 2025. Photo by SAEED JARAS/Middle East Images/AFP via Getty Images The flotilla is organized by...

Largest US Electric Grid Gets Approval To Curtail Data Centers During Hot Weather By Ethan Howland of Utility Dive Power plant and transmission owners often take their facilities offline in the spring for maintenance so they are prepared for the summer, PJM noted. The largest US electricity grid operator said it expected power plants totaling more than 40 GW would be offline for planned outages on May 18. An Amazon Web Services data center in Stone Ridge, Va. The PJM Interconnection will be able to curtail data centers and other large loads...

Inflation Fears Fade As War Drags UMich Sentiment Lower After rebounding solidly in January and February, expectations were for a modest decline in UMich Sentiment in preliminary March data and analysts were right but the 55.5 print (from 56.6 prior) was better than the 54.8 expected. Current Conditions actually improved, surprising to the upside (57.8 vs 56.6 prior vs 54.9 exp) Expectations fell more than expected (54.1 vs 56.6 prior vs 54.5 exp) Current Conditions are at their highest level since October while expectations are at their lowest since November. Source: Bloomberg Interviews for this...