Ansar Allah Launches Major Attacks Targeting Saudi-Backed Forces in Yemen

Cuba Hit With National Power Grid Collapse As Oil Sources Dry Up Cuba’s power grid collapsed once again this week, this time at a national level, leaving millions of people across the island without electricity.  This is the sixth time since the US cut off fuel sources to the island since January that the national grid has collapsed and it's the most utility shutdown events in the country's recent history.   Even when Cuba's grid is in operation, only 30% of the population at most receives electricity at any given time.  Many...

Core Producer Prices Cooler Than Expected In April, Goods Costs Jump Most On Record After yesterday's mixed bag from consumer prices (headline in-line but core cooler than expected and goods deflating), US Producer Prices were expected to keep accelerating higher (on a YoY basis) in May and they did... by more than expected. Headline PPI rose 1.1% MoM in May (much hotter than the 0.7% MoM exp) but April's 1.4% MoM rise was revised down to +1.1% MoM. This left producer prices up 6.5% YoY (vs 6.4% exp and up from...