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Consumer Credit Unexpectedly Shrinks For The First Time Since 2024 As Credit Card Rates Jump
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...
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Mar 25, 2026 / Tyler Durden
Trump Sets Xi Meeting Date As Clock Ticks On Iran War Offramp
Trump Sets Xi Meeting Date As Clock Ticks On Iran War Offramp
The long-anticipated Trump-Xi meeting will take place in Beijing on May 14 and 15, the White House said Wednesday, after the bilateral summit was previously pushed back due to the Iran war.
This marks a roughly six week postponement compared to when it was earlier supposed to happen. President Trump indicated in a fresh social media post that US representatives are "finalizing preparations for these Historic Visits." He added that "I look very much forward to spending time with President Xi in...
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Jun 8, 2026 / Tyler Durden
Apple's Long-Awaited AI Siri Fails To Impress As Shares Pump Then Dump During WWDC
Apple's Long-Awaited AI Siri Fails To Impress As Shares Pump Then Dump During WWDC
Summary:
Market Reaction: Buy the rumor, Sell the news
Apple Reveals Long-Awaited AI Siri
CEO Tim Cook gives his final WWDC keynote speech
Goldman And UBS Preview Apple's WWDC: AI Siri Takes Center Stage
Apple CEO Tim Cook opened WWDC26 with a keynote on artificial intelligence, software updates, and developer tools across the company's ecosystem.
WWDC26 presentation centered on a broad rollout of Apple Intelligence features across its ecosystem, with the tech giant previewing a more conversational Siri, a dedicated Siri app,...
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Apr 21, 2026 / Tyler Durden
'Eliminating Energy Blockade Top Priority' As Cuba Confirms Direct Talks With US
'Eliminating Energy Blockade Top Priority' As Cuba Confirms Direct Talks With US
Cuba confirmed on April 20 that it recently held direct talks with U.S. officials in Havana, marking a rare diplomatic engagement as tensions persist over Washington’s long-standing economic restrictions on the communist nation.
Alejandro Garcia del Toro, deputy director general for U.S. affairs at Cuba’s Ministry of Foreign Affairs, said in remarks published on April 20 by Cuban Communist Party newspaper Granma that discussions were underway.
“This is a delicate matter which, as we have already said, we are handling...
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