Article
Despite Slumping Sentiment & Lower Gas Prices, The American Consumer Is Still Spending Strongly
Despite Slumping Sentiment & Lower Gas Prices, The American Consumer Is Still Spending Strongly
While headline spend at gas stations is expected to decline (due to tumbling pump prices), BofA's almost omniscient analysts forecast a stronger than consensus print for today's US Retail Sales data.
After a big jump in May (revised up), June's Headline retail sales rose 0.2% MoM (as expected), with sales up 6.7% YoY (down modestly)...
Gasoline Stations sales saw the biggest decline (along with small drops in Health Personal Care and Food and Beverage). Nonstore Retailers saw the...
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Aug 24, 2026 / Tyler Durden
Key Events This Week: Jackson Hole. Nvidia Earnings And Core PCE
Key Events This Week: Jackson Hole. Nvidia Earnings And Core PCE
As we start a new weeks, the upward pressure on long-end bond yields from last week has shown initial signs of easing. Indeed, the 30yr Treasury yield is down -5bps overnight to 5.22%, whilst the 10yr yield is down by the same amount to 4.69%. That’s been supported by an announcement by the Treasury to CNBC that some/all of the cash in the Treasury General Account may be used to fund buybacks (bringin the US ever closer to Yield...
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Aug 6, 2026 / Tyler Durden
Trump Signs Orders To Curb Birthright Citizenship, Target Birth Tourism
Trump Signs Orders To Curb Birthright Citizenship, Target Birth Tourism
President Donald Trump signed two executive orders Thursday that will restrict automatic citizenship to children born in the United States because of commercial birth tourism and several other factors.
One of the measures bans birth tourism, the practice of traveling to the United States on a tourist visa with the intention to have a child that is given automatic U.S. citizenship.
Trump called it “a big deal” and said during the signing ceremony that birthright citizenship has been made into a joke.
The...
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Mar 18, 2026 / Tyler Durden
Schiff: This War Is "Going To Cost A Lot Of Money We Don't Have"
Schiff: This War Is "Going To Cost A Lot Of Money We Don't Have"
Last night, ZeroHedge hosted investor Peter Schiff and Rabobank's Michael Every to debate the question: Will the war in Iran accelerate the U.S. dollar’s collapse or is it a geopolitical chess move that could strengthen its hegemony?
Moderated by Cornell professor Dave Collum, Schiff - based in Austrian economics - argued that the war will do nothing but harm the American economy via higher prices and interest rates, while the dollar weakens.
Every believes Trump can pull a...
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