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Conference Board Survey Signals Ugly Job Market, Weakest 'Present Situation' In Over 5 Years
Conference Board Survey Signals Ugly Job Market, Weakest 'Present Situation' In Over 5 Years
The Conference Board's measure of Americans' Consumer Confidence fell more than expected in July, from an upwardly revised 92.2 to 90.8 (well below the 92.4 expectation)...
The Present Situation index fell to 114.9 (below 117.5 exp) - its weakest since Feb 2021 while Expectations were unchanged at 74.7 (very slightly better than the 74.4 exp).
“Consumer confidence moderated slightly in July, continuing a general downward sloping trajectory since late 2021,” said Dana M Peterson, Chief Economist, The Conference...
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Apr 27, 2026 / Tyler Durden
US Has No Plan To Renew Iranian, Russian Oil Waivers, Bessent Says
US Has No Plan To Renew Iranian, Russian Oil Waivers, Bessent Says
Authored by Kimberley Hayek via The Epoch Times,
U.S. Treasury Secretary Scott Bessent said on April 24 that the United States will not renew the sanctions waivers that enabled buyers to take delivery of Iranian and Russian crude already loaded on tankers at sea.
Bessent said a one-time license covering Iranian oil on the water would not be extended, calling it “totally off the table.” The parallel waiver for Russian oil and petroleum products will also be allowed to end,...
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Aug 5, 2026 / Tyler Durden
US Expands Strategic Foothold On Somalia's Coast As Yemen Conflict Simmers
US Expands Strategic Foothold On Somalia's Coast As Yemen Conflict Simmers
Authored by Dave DeCamp via AntiWar.com,
A US military delegation visited the local government in Somalia's northeastern Puntland region on Sunday and signed a deal to expand the US military presence in Bosaso, a port city on the Gulf of Aden, according to the Puntland government.
Saeed Abdullahi Deni, the president of Puntland State, held talks with a delegation led by Maj. Gen. Claude Tudor, the commander of US Special Operations Command Africa.
Maj. Gen. Tudor and President Deni. Source: Puntland government image
"Puntland and...
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Jul 23, 2026 / Tyler Durden
Energy Department Issues Emergency Order As Hot Weather Conditions Threaten Blackouts
Energy Department Issues Emergency Order As Hot Weather Conditions Threaten Blackouts
The Department of Energy (DOE) issued an emergency order authorizing Southwest Power Pool Inc. to use certain energy resources to reduce the risk of potential blackouts, according to a July 21 statement from the department.
Electrical transmission poles and lines in Commerce, Calif., on Aug. 7, 2025. Mike Blake/Reuters
The order, issued on July 20 and signed by Secretary of Energy Chris Wright, stated that Southwest Power Pool (SPP) had asked the DOE to temporarily permit certain resources to operate beyond...
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