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Euro Area Inflation Tops 3.0% For First Time Since 2023, Cementing ECB Rate Hike

Euro Area Inflation Tops 3.0% For First Time Since 2023, Cementing ECB Rate Hike Euro Area inflation topped 3% for the first time since September 2023, further cementing expectations for a rate hike when the ECB meets next week.  Consumer prices rose 3.2% from a year ago in May, and up from 3% the previous month, in line expectations. But core inflation, which excludes volatile items like food and energy, jumped more than anticipated to 2.5% (technically 2.55%), while the closely watched services gauge jumped to 3.5%, the highest since last November, and non-energy...
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May 11, 2026 / Dave DeCamp
Trump Again Accuses Kurds of Keeping Weapons Meant To Foment an Uprising in Iran
President Trump on Monday again accused Kurdish groups of keeping weapons the US wanted to send into Iran to foment an uprising against the Iranian government. “The people [of Iran] are watching it, they want to go out on the streets, but they have no weapons, they have no guns. We thought the Kurds were […]
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Apr 16, 2026 / Tyler Durden
Scientist Suggests Dark Matter Could Be Black Holes From A Different Universe
Scientist Suggests Dark Matter Could Be Black Holes From A Different Universe Authored by Steve Watson via Modernity.news, While the scientific establishment has spent decades chasing invisible particles that never quite show up, a leading cosmologist has dropped a theory that turns everything on its head: dark matter isn’t some exotic new particle. It could be ancient black holes that survived from an entirely different universe. This idea, laid out by Professor Enrique Gaztanaga of the University of Portsmouth, doesn’t just tackle one cosmic puzzle. It offers a clean fix for the Big...
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Jun 1, 2026 / Tyler Durden
Millions Of Americans Are Giving Up On Buying New Cars
Millions Of Americans Are Giving Up On Buying New Cars A growing number of Americans can no longer afford to buy new vehicles. Since 2020, roughly one million potential buyers have exited the market, and industry forecasts suggest they are unlikely to return soon, according to Wall Street Journal.  Although automakers initially expected sales to recover to pre-pandemic levels, persistent economic pressures have kept demand below earlier expectations. Before COVID-19, U.S. new-vehicle sales typically reached around 17 million units annually. Today, most forecasts place demand closer to 16 million vehicles or less,...
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