"Early Signs Of A Turn In US Consumer Discretionary," UBS Says

LIS Technologies Initiates Engagement With NRC LIS Technologies (LIST) initiated its first engagement with the Nuclear Regulatory Commission (NRC) in preparation for starting up the company's laser uranium enrichment technology facilities.  LIST submitted a Standard Practice Procedures Plan for the company's smaller-scale demonstration facility in Oak Ridge, Tennessee. This is part of a process for obtaining approval from the NRC to start handling classified information related to nuclear technology. It's a relatively minor step, but important in the context of finally engaging the regulator. The company is currently pursuing novel uranium enrichment technology...

Consumer Credit Unexpectedly Shrinks For The First Time Since 2024 As Credit Card Rates Jump After two consecutive outsized jumps in consumer credit in the months of March and April, when gas prices surged and inflation resumed its track higher, lifting most prices as a result of the war in Iran, moments ago the Fed published its latest consumer credit (G.19) report for the month of May and it was a doozy: instead of the expected $17.5BN increase, in May total consumer credit unexpectedly shrank for the first time since...

Billionaire Tax Officially Heads To Nov. 3 Ballot Authored by Madeline Shannon via The Center Square, The controversial union-backed billionaire tax in California is officially heading to the Nov. 3 ballot. Secretary of State Shirley Weber announced the California Billionaire Tax Act exceeded the number of signatures it needed to qualify for the general election. The initiative aims to impose a one-time 5% wealth tax on the Golden State’s billionaires to generate $100 billion in revenue. The tax would apply to assets like art, stocks and bonds. That money would be used to help backfill reductions in...