Apple's Long-Awaited AI Siri Fails To Impress As Shares Pump Then Dump During WWDC

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...

A week after announcing they were entering the ever-growing regional war on the side of Iran, Yemen’s Houthi movement has launched missiles at southern Israel, saying the operation, the third such flurry of missiles, was done in coordination with Iran and Hezbollah. The Houthis firing missiles at Israel is nothing new, but direct coordination with […]

New Jersey Governor Sherrill Lifts 40-Year Nuclear Moratorium Governor Mikie Sherrill signed legislation that scraps New Jersey’s 40-year de facto moratorium on new nuclear power plants, clearing the way for expanded baseload generation in a state long plagued by some of the nation’s highest utility bills.  The bill, S3870/A4528, amends the Coastal Area Facility Review Act to remove an outdated permitting roadblock tied to Nuclear Regulatory Commission waste-disposal rules that no modern project could satisfy. The NJ Department of Environmental Protection can now approve permits based on proven, NRC-compliant storage methods that...