US Engaged In Sustained Attack Waves On Iran As Trump Boasts 'We Bombed The Hell Out Of Them'

AI Boom And European Bond Markets: A Deep Dive Submitted by Thomas Kolbe The “credit pump” could rightfully claim its place as a symbolic flag of the European Union. With virtually unlimited access to the bond market, politics magically transforms an inexhaustible credit stream into political maneuvers and ideological wizardry. Through this manipulation of money, processes and institutions are transplanted into the real world that, under normal circumstances, could never have surpassed the fantasies and limits of political ideology. Wind turbines in forests, fully electric cargo bikes in an industrial nation that...

Israeli attacks in Gaza on Tuesday have killed at least two Palestinians, according to reports from the Strip, as the IDF continues its constant violations of the US-backed ceasefire deal that was signed nearly a year ago. The Palestinian news agency WAFA reported that a young man, identified as Mohammed al-Yazji, was killed by an […]

July Rate-Hike Off The Table After Producer Price Inflation Drops Most Since COVID Following yesterday's much cooler than expected, Goldman's Rich Privorotsky notes that today’s PPI print matters more for the core PCE read-through (Fed's favorite inflation indicator), particularly healthcare and financial services. While May's headline PPI print was hot, core was cooler than expected, and June's data release today was expected to show no change in headline producer prices. In fact, like with CPI, headline Producer prices actually saw deflation (-0.3% MoM), equaling the biggest monthly decline since April 2020. The...