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July Rate-Hike Off The Table After Producer Price Inflation Drops Most Since COVID
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...
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SpaceX Reportedly Turns Away Falcon Customers As Starship Gamble Comes Into Focus
SpaceX Reportedly Turns Away Falcon Customers As Starship Gamble Comes Into Focus
Yet another corporate media report based on anonymous sources is likely to draw an immediate response from Elon Musk. He has repeatedly used X this year to challenge reporting on Tesla and SpaceX.
Bloomberg reports that SpaceX has begun turning away satellite operators seeking dedicated Falcon 9 launches after 2028 and is no longer accepting future reservations. The report was based on people familiar with the matter, and the company has not confirmed it.
The report continued:
Engineers at Musk's...
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Mar 24, 2026 / Tyler Durden
America's Top War Unicorn To Begin Combat Drone Production As Next-Gen Startups Challenge Big Defense Primes
America's Top War Unicorn To Begin Combat Drone Production As Next-Gen Startups Challenge Big Defense Primes
Weaponized AI, interceptor drones, automated kill chains, ground robots armed with machine guns, humanoid robots, and FPVs equipped with shaped charges all offer a scary preview of what warfare in the 2030s was expected to look like.
Instead, four years of war in Ukraine, followed by the U.S.-Iran conflict, have sharply accelerated that timeline, pulling the future of warfare into today. These are truly frightening times, as defenses against this technology are still lacking across...
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