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Americans' Confidence Dips In August As Chicago PMI Plunges Into Contraction
Americans' Confidence Dips In August As Chicago PMI Plunges Into Contraction
The MNI Chicago PMI for August was a disaster, printing below even the worst analyst's expectations.
Against expectations of a rise to 57.9, the headline print crashed from 57.6 to 47.1 (flashing recession signals)...
Prices paid accelerated while the overall business barometer plunged into contraction.
That is the biggest MoM drop since COVID...
However, in the face of that collapse in business confidence, UMich reported US consumer sentiment fell in August for the first time in three months on a worsening economic outlook,...
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May 2, 2026 / Tyler Durden
Judge Blocks Enforcement Of Colorado's New DEI-Driven AI Law
Judge Blocks Enforcement Of Colorado's New DEI-Driven AI Law
Authored by Jacki Thrapp via The Epoch Times,
A federal judge has temporarily blocked the State of Colorado from enforcing a first-of-its-kind artificial intelligence law.
Colorado is prohibited from taking enforcement actions on alleged violations of the law occurring up to 14 days after the court issues a ruling on the company xAI’s motion for a preliminary injunction, judge Cyrus Y. Chung ruled on April 27.
The Department of Justice had said the state law, which was set to go into effect on June...
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Apr 27, 2026 / Tyler Durden
Tillis Gives Warsh Green Light After DOJ Drops Powell Inquiry
Tillis Gives Warsh Green Light After DOJ Drops Powell Inquiry
The last roadblock to Kevin Warsh's nomination to lead the Federal Reserve is getting out of the way, as North Carolina Sen. Thom Tillis (R) said on Sunday that he's ready to lend his support towards Warsh's confirmation.
Tillis had refused to advance Warsh or any other Fed nominee until the DOJ dropped its investigation into current chair, Jerome Powell over cost overruns in a renovation of the Fed's headquarters. After DC US attorney Jeanine Pirro said on Friday that the matter...
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Apr 19, 2026 / Kyle Anzalone
USS Ford Aircraft Carrier Returns to the Middle East
The USS Gerald R Ford aircraft carrier strike group has returned to the Middle East. The world’s largest aircraft carrier spent the last month in port after a laundry fire caused significant damage. On Saturday, The Associated Press reported speaking with two defense officials who confirmed that Ford had returned to the battlefield. The Ford […]
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