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Americans' Savings-Rate Slumps In April As Fed's Favorite Inflation Signal Soars
Americans' Savings-Rate Slumps In April As Fed's Favorite Inflation Signal Soars
After accelerating significantly in March, 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) - rose 0.2% MoM in April (less than expected +0.3% MoM), but pulled up the YoY measure to +3.3% (as expected) - its highest since Nov 2023.
The rise in Services costs (headlined by Housing & Utilities, Financial Services, and Healthcare) dominated the increase in Core PCE YoY...
The headline PCE...
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Mar 13, 2026 / Tyler Durden
Pentagon Confirms All 6 Crew Dead As Pro-Iran Iraqi Militants Claim They Downed US Refueling Plane
Pentagon Confirms All 6 Crew Dead As Pro-Iran Iraqi Militants Claim They Downed US Refueling Plane
Update(1030ET): The Pentagon has just confirmed two additional deaths in Thursday's downing of a KC-135 refueling tanker aircraft over Western Iraq. This brings the total deaths to six in the incident, which marks the single deadliest aerial event for the US side in the war.
US: ALL CREW MEMBERS OF KC-135 LOSS IN IRAQ CONFIRMED DECEASED
The Pentagon has further reiterated its stance it was not enemy or friendly fire.
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The overnight confirmation that a US...
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Apr 9, 2026 / Tyler Durden
Sea Change: 'Very Unfavorable' Views of Israel Triple Among US Adults
Sea Change: 'Very Unfavorable' Views of Israel Triple Among US Adults
Amid a major war on Iran waged in partnership with the United States, Israel's reputation among Americans has continued to deteriorate, with 60% of US adults viewing Israel unfavorably. That's a hefty 18-point increase from 2022, according to a new survey from Pew Research. Over the same stretch, Israel's "favorable" share cratered by 18 points.
While the top-line unfavorable rating is bad news for Israel, things are even worse when you look under the hood: The proportion of Americans who have a...
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Mar 14, 2026 / Tyler Durden
Sweden Seizes Another Suspected Russian 'Dark Fleet' Tanker, Despite US Easing Sanctions
Sweden Seizes Another Suspected Russian 'Dark Fleet' Tanker, Despite US Easing Sanctions
Washington has eased sanctions on countries buying Russian oil in connection with the Iran war and Strait of Hormuz crisis, an easing welcomed by the Kremlin, but which has caused angst and anger among pro-Ukraine campaigners.
The US waiver is active for a month, and applies to crude which has has been floating at sea and thus was unable to be sold. However, this hasn't stopped some European countries from moving against tankers without proper registration and flags.
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Sweden,...
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