Despite Slumping Sentiment, US Retail Sales See Strongest Annual Rise Since Jan 2023

Lake Mead Hits Lowest Level On Record Amid Decade-Long Western Drought Lake Mead, the nation’s largest reservoir by storage capacity, has fallen to its lowest level on record as a drought throughout western states continues. Bureau of Reclamation data indicate that the reservoir’s surface elevation rose to 1,040.50 feet above sea level on Thursday, below the previous low of 1,040.58 feet set in July 2022, when the lake first fell to a low following years of drought. Hoover Dam forms Lake Mead along the Colorado River on the Nevada-Arizona border, and holds...

Last week, the chair of the Federal Communications Commission threatened to rescind the broadcast licenses of media entities that do not relate events in Iran or Ukraine as the Trump administration would like them to be related. He also attacked The Wall Street Journal and The New York Times for the same reasons. This followed […]

Samsung, Union Resume Talks After Labor Action Scare; Goldman Says "Korea: Buy" Downward momentum in South Korean stocks was halted on Monday as optimism returned to Samsung Electronics after the company and its union reopened talks to resolve contract disputes and avert a strike that could begin as soon as Thursday. Bloomberg reported that the union's leader would "sincerely engage" with Samsung executives. The world's most important memory chip maker was also granted several requests by a Korean court, including orders to block the union from occupying company facilities. The union...