Fort Knox Standoff: Bessent Says All The Gold Is There, Says America 'Used To Be Backed' By It

Headline PCE 'Deflates' In June, First Time Since COVID After three months of significant acceleration in prices, The Fed's favorite inflation indicator - Core PCE (a measure of price changes in consumer goods and services that excludes volatile food and energy costs) - was expected to slow in June data released today. And it did - more than expected - Core PCE rose 0.1% MoM (below the 0.2% MoM expected) pulling the YoY rise down from +3.4% to +3.3%... The headline PCE saw 0.1% MoM drop in June - its first 'deflationary'...

Far-Left Riots "Tearing France Apart" Is Political Gift For Le Pen As Election Odds Soar Riots that French officials blame on far-left groups have morphed into a political crisis, leaving hundreds injured and more than 100 high schools severely damaged. The social unrest appears to be a gift to right-wing presidential contender Marine Le Pen, whose Polymarket odds of winning next year's election have surged in recent days. At least 65 school employees, including 40 principals, and roughly 170 students have been injured since the unrest began, Euronews reported Friday. Education...

French Police Foil Overnight Terror Plot: Suspect Caught Trying To Ignite Bomb Outside BofA Headquarters In Paris French anti-terrorism authorities thwarted an attempted attack early Saturday morning when police arrested a suspect as he tried to ignite an explosive device directly in front of the Bank of America headquarters in Paris.  The incident unfolded around 3:25-3:30 a.m. when officers from the Paris police's BAC (Brigade Anti-Criminalité) unit, already on heightened patrol near the building due to prior threats, spotted the individual attempting to set fire to the device with a lighter....