Americans' Savings-Rate Slumps In April As Fed's Favorite Inflation Signal Soars

Inflation Fears Plummet As UMich Sees Democrats' Confidence Pick Up In February After rebounding strongly in preliminary February data (as Democrats came to their senses over the fearmongered Trump tariff-flation), the final UMich sentiment survey print slipped lower with the headline lowered from 57.3 to 56.6. Both Current Conditions and Expectations were lower than the flash print with the latter falling to 2 month lows and the former holding at 4-month highs... Does anyone else think its weird that all the numbers were exactly the same at 56.6 Source: Bloomberg Democrats and Republicans...

SK Hynix's US Offering Reportedly Seven Times Oversubscribed The KOSPI struggled for direction overnight, erasing most of an opening rally that briefly pushed the South Korean main equity index up as much as 4.1%. The real strength was in memory stocks, with SK Hynix surging as much as 10% as investors piled back in. This move comes as Bloomberg reports the company's US ADR listing is more than seven times oversubscribed, underscoring strong institutional demand. The report said SK Hynix is selling 177.9 million American depositary receipts, with each ADR...

NHTSA Ends Probe Into Tesla's Remote-Driving Feature, Citing Low Risk Authored by Rob Sabo via The Epoch Times, The National Highway Traffic Safety Administration (NHTSA) said on April 6 that it had closed its investigation into Tesla’s Actually Smart Summon feature, a remote driving function that allows low-speed vehicle movement over short distances in parking areas using a smartphone app. The NHTSA opened its probe into the feature in January 2025 following multiple reports of crashes and incidents while the system was active. The NHTSA’s Office of Defects Investigation (ODI) probe involved 2.85...