We Are Being Warned That A "Godzilla El Niño" Could Absolutely Devastate Global Food Production

FAA Moves To Lift 50-Year Ban On Overland Supersonic Flights The Federal Aviation Administration (FAA) on Tuesday moved to end the more than 50-year ban on civilian supersonic flights over the continental United States, proposing rules that would allow aircraft to exceed the speed of sound provided they don’t produce a sonic boom. The U.S. Department of Transportation (DOT) announced on June 30 that the FAA has issued a notice of proposed rulemaking that would replace the more than 50-year-old prohibition on overland civil supersonic flight with a regulatory framework focused...

US Industrial Production Disappoints (Again) In June US Industrial Production rose just 0.1% MoM in June (less than the 0.2% MoM rise expected), after also disappointing in May. That slowed the annual growth in production from 1.6% YoY to +1.1% YoY... The recent blip higher in Capacity Utilization faded last month (76.1% vs 76.2% exp) with the down-trend seemingly still in tact... If 'soft' survey data is in any way predictive of reality, then we should be seeing a sizable trend higher in industrial production... ...or maybe it's just another useless sentiment signal. ...

Ansar Allah launched an attack on Thursday targeting the headquarters of the Saudi-backed Yemeni government in Aden as the Yemen war continues to escalate. Officials within the Saudi-backed government said that the strike on the presidential palace killed five people and wounded 16, and that the casualties included security personnel and civilians who worked at […]