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Services Sector Survey Surge Sparks US Growth Rebound Hopes In August
Services Sector Survey Surge Sparks US Growth Rebound Hopes In August
After a relatively ugly series of disappointing macro data - and a hectic week of interventions - preliminary August data from S&P Global's PMI survey was expected to signal a slowdown in growth for the US economy (but still growth).
But, the respondents had other things on their mind as while Manufacturing slipped, the Services sector of the economy soared
Flash US Services PMI Business Activity Index: 56.8 (July: 54.6). 20-month high.
Flash US Manufacturing PMI: 53.2 (July: 53.9). 5-month low.
“US business...
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May 28, 2026 / Tyler Durden
Bessent Warns Oman On Hormuz Toll Scheme, After Trump Threatened To 'Blow Up' US Ally
Bessent Warns Oman On Hormuz Toll Scheme, After Trump Threatened To 'Blow Up' US Ally
On an official level at least, Oman remains a close strategic partner and key ally of the United States in the Middle East; however, that relationship has been severely strained this month amid apparent Iranian-Omani cooperation regarding a potential toll system for the Strait of Hormuz. This of course flies in the face of the US posture in the region.
US Treasury Secretary Scott Bessent is the latest top Trump admin official to chastize Oman: "The United...
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Jul 24, 2026 / Tyler Durden
US Bombing Campaign Effectiveness In Doubt As Iranians Rebuild At Rapid Pace
US Bombing Campaign Effectiveness In Doubt As Iranians Rebuild At Rapid Pace
Neocon war hawks thought that Iran's defense capabilities could be obliterated through shock and awe style heavy bombing raids, such as during the opening days and weeks of Operation Epic Fury, but just like pretty much every other assumption about how things would go in the little Iran "excursion" - they are once again proven wrong.
Several fresh reports from both American and Israeli sources say that Iran is rebuilding damaged and destroyed facilities at much faster-than-expected pace. This...
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Sep 17, 2026 / Ioannis Vlahos
Saudi Arabia Accuses Houthis of Targeting Mecca, Yemeni Officials Deny Involvement
Saudi air defenses reportedly shot down a Houthi drone headed towards Mecca, the Saudi-led coalition said early Wednesday, while the Houthis denied responsibility for targeting the holy city. According to coalition spokesman Maj. Gen. Turki al-Malki, the drone was intercepted around 6:50 pm local time on Tuesday, with its wreckage falling south of the city. […]
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