House Passes Iran War Powers Resolution

Iran Boasts It Is Fast Rebuilding Bridges & Rail Lines After US Wrought Destruction Iran is seeking to put out images showing its resiliency after the country was hit with tens of thousands of airstrikes during over a month of the US-Israel Operation Epic Fury, including blowing up bridges, rail lines and other infrastructure. The US and Israel struck bridges and rail lines to cripple Iran's national transport network. Israel especially adopted attacks against key civilian infrastructure as a battle tactic, in hopes that eventually there would be a groundswell of...

Mass Casualties As Russian Drones Slam Into Mall In Zelensky's Hometown At least 15 have been killed and 121 injured after a Friday afternoon apparent Russian drone strike on a busy shopping call in the central Ukrainian city of Kryvyi Rih, regional officials say. Casualty numbers could grow amid ongoing search and rescue efforts at the scene. Some of the injured are in serious condition. President Zelensky quickly issued a statement on the attack which was carried out on his own hometown, calling it "cynical and despicable" and underscoring that it...

"Firing On All Cylinders, But..." US Manufacturing Surveys Send Mixed Signals In May With US hard data taking a beating (relative to expectations) last week (red line below), analysts remain hopeful that US Manufacturing will hold up (durable goods orders were solid) with this morning's Manufacturing PMIs set to signal stability. The final May S&P Global US Manufacturing rose to 55.1 (down from the 55.3 flash print) but the strongest since April 2022 ISM's Manufacturing PMI survey also signaled improvement, up from 52.7 to 54.0 (better than 53.0 expected). "At first glance, the...