Consumer Credit Smashes Estimates As Credit Card Debt Hits New All-Time High

Futures Drop, Yields And Oil Rise On Latest Middle East Hostilities US equity futures are mixed as oil prices, bond yields, and USD move higher in response to the latest overnight attacks in the Middle East with no public progress on a deal. As reported previously, the US struck Iran’s Qeshm Island, which was then met with retaliatory Iranian strikes on US bases in Kuwait; explosions were also reported in Saudi Arabia, and air sirens were set off in the UAE. US Centcom said that the Iranian drone attacks were...

Russia Warns Situation At Bushehr Nuclear Plant Deteriorating After 3rd Airstrike In Ten Days On Friday Iran informed the International Atomic Energy Agency that Bushehr nuclear power plant was struck by US-Israeli attacks for the third time since the start of the war. At the same time, the head of Russia's state nuclear corporation Rosatom has confirmed that the situation continues to deteriorate; however, there's as yet been no damage to the operating reactor and no release of radiation reported. It was the third strike in just ten days. The Kremlin has newly accused...

Israeli Defense Minister Israel Katz formalized the plan for a military occupation of southern Lebanon today, announcing the intention of the Israeli military to take full military control of a “buffer zone” spanning southern Lebanon from the border with Israel all the way to the Litani River. Before the latest war this region was home […]