Fed's Favorite Inflation Indicator Ticks Up In July As Americans Suddenly Start Saving More

UAE Retracts Warning About "Potential Missle Threat" Update: it appears the earlier warning by the UAE was a false alarm: UAE SENDS ALERT SAYING 'PLEASE DISREGARD THE PREVIOUS WARNING' UAE ASKS PEOPLE TO IGNORE PREVIOUS WARNING * * *  Earlier Is the ceasefire over (again)? Moments ago stocks hit session lows and oil jumped from post-war lows after the UAE issued a phone alert warning of potential missile strikes. Iran's Tasnim promptly followed up, saying that according to news sources, there were explosions heard in Dubai. And while the initial report sent futures to session lows... ... , and oil...

Unitree Founder Sees Humanoids Going "Mass Market" Within Decade As IPO Rally Fades Lower US long-end yields, a softer dollar, and SK Hynix's share buyback announcement stabilized sentiment across Asian markets. However, shares of Chinese humanoid robot maker Unitree erased some of those massive 460% gains following Wednesday's blockbuster debut.  Risk appetite was also tempered after President Trump declared "Economic D-Day" against Iran and threatened severe consequences for any country providing support to Tehran. Against that backdrop, investors may continue rotating toward safer (see here), higher-quality companies with limited exposure to geopolitical...

Pezeshkian Lashes Out In UN Speech: The Nuclear Bombs Are In Israel, But Inspectors Sent To Iran Summary: Pezeshkian Addresses UN As expected, the United States delegation immediately walked out as Iran's president began speaking, in front of what was not a very well attended address to begin with. He listed out a series of war crimes by the US aggressor but an accompanying theme was Iranian defiance while under the bombs. He also featured the Minab girls school attack by the US, underscoring that innocent children were killed - but...