End Of Cheap Food? Five Forces Set To Drive Grocery Bills Even Higher

India Blocks Mobile Internet In Central Delhi As Youth Protests Escalate The Indian government has ordered telecom companies to disable ​mobile data services in central parts ‌of the capital Delhi, in and around the site of youth protests seeking the resignation ​of the education minister, two sources ​told Reuters on Thursday. The companies have ⁠complied with the order, Reuters sources ​said. There was ‌no ⁠mobile data connectivity in many parts of central Delhi on Thursday evening, Reuters journalists said. Vendors, shopkeepers and restaurants ​complained that ​they were ⁠unable to accept digital payments. India’s youth...

Hegseth Ousts Chief Of The Army As Iran War Persists The Pentagon shake-up under Trump has not ended, as on Thursday Pete Hegseth has dismissed Army Chief of Staff Gen. Randy George, asking him to step down into early retirement. The move is unusual, given this is the head of the Army and the United States is past the one-moth mark in Trump's Operation Epic Fury. A reason hasn't been given as to what amounts to Gen. George being effectively fired. CBS writes, "One of the sources said Hegseth wants someone in the...

Fed Holds Rates Unchanged (As Expected), 'Dots' Signal Hawkish Bias As Warsh Takes Over Tl;dr: No rate change (as expected) but a dramatically hawkish shift in The Fed's bias (9 members seeing at least one hike this year). Statement smilled down dramatically, also biases towards hawkish focus on price stability (inflation) over employment: "The Committee will deliver price stability". “The market is focused on the dot plot for now, with half the committee thinking there will be hikes. The bear flattening seems reasonable based on that. Those who looked for a...