Headline PCE 'Deflates' In June, First Time Since COVID

AfD Preps Talks With Moscow To Reopen Cheap Gas Flows To Germany It didn't take long for the Alternative for Germany (AfD) party - fresh off its historic taking of 43.8% of the vote in the eastern German state of Saxony-Anhalt election earlier this month which left Chancellor Friedrich Merz and his Christian Democratic Union (CDU) shaken - to embark on ties which are a serious shot across the bow and slap in the face to both Berlin and Brussels. Reuters is on Friday reporting that AfD leadership is preparing for possible...

BofA Sees Customer Gas Spending Jump 16%, But Discretionary Spending Holds Up The national average for 87-octane gasoline has remained above the politically sensitive $4-a-gallon level for two straight weeks after the largest monthly jump in AAA data going back two decades. The fuel shock has Wall Street analysts focused on whether surging pump prices will begin crowding out discretionary spending. Bank of America CFO Alastair Borthwick told analysts on a conference call earlier today that the fuel shock at the pump has not undermined overall consumer strength so far, though...

Thune Signals Senate Will Pursue Stand-Alone FISA Renewal Despite Trump's Demands Via American Greatness, Senate Majority Leader John Thune, (R-SD,) said Monday that Senate Republicans are moving forward with plans to renew a key federal surveillance authority as a stand-alone measure, despite President Donald Trump’s insistence that it be tied to election legislation. Thune told reporters the Senate is working to revive Section 702 of the Foreign Intelligence Surveillance Act, which expired over the weekend after Congress failed to extend it before a deadline. “We will try and move 702 as soon as we feel like...