Tehran's Houthi Proxies Attack Saudi Aramco Again, Crude Spikes, As Iran's Military Command To Be 'More Aggressive'

NY State Loses $73 Million In Federal Highway Funding Over Failed CDL Revocations Authored by Bryan Hyde via American Greatness, Over $73 million in federal highway funds are being withheld from New York state after an audit found more than half the state’s commercial drivers licenses (CDL) were issued to foreigners illegally. U.S. Transportation Secretary Sean Duffy announced yesterday that the state failed to revoke “illegally issued nondomiciled commercial learner’s permits and commercial driver’s licenses.” According to a December press release from the U.S. Dept. of Transportation, a Federal Motor Carrier Safety Administration’s (FMCSA) nationwide audit of non-domiciled commercial...

Americans' Savings-Rate Slumps In April As Fed's Favorite Inflation Signal Soars After accelerating significantly in March, 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) - rose 0.2% MoM in April (less than expected +0.3% MoM), but pulled up the YoY measure to +3.3% (as expected) - its highest since Nov 2023. The rise in Services costs (headlined by Housing & Utilities, Financial Services, and Healthcare) dominated the increase in Core PCE YoY... The headline PCE...