Boeing Extends Losses After FAA Delays 737 Max 10 Approval Over Software Glitch

UMich Consumer Confidence Slides In September As Republicans Lose Faith After July's rebound to pre-war levels, a re-escalation in the MidEast (and soaring fuel costs) has sent confidence back towards YTD lows. Today's final September data was expected to show UMich headline sentiment sliding further (and inflation expectations re-accelerating). And while sentiment is lower overall (month to month), it did actually pick up modestly intra-month from preliminary levels. Consumer sentiment ticked down less than four index points in September, reaching the lowest reading in four months and back down notably from January...

Apollo Puts A Multi-Trillion-Dollar Price Tag On America's Industrial Comeback Apollo’s head of thematic investing, Rob Bittencourt, says US reindustrialization is already “underway,” driven by efforts to reshore critical supply chains, rebuild domestic industrial capacity, expand data centers, restart the rearmament cycle, and power up the grid for the next evolution of the modern economy.  Rebuilding the industrial base could require trillions of dollars in additional investment, Bittencourt explained. The effort reflects a broader push to reduce dependence on foreign suppliers, including China, in sectors where disruptions carry significant economic and...

Good Faith Vs Bad Faith Authored by James Howard Kunstler via Clusterfuck Nation, "In conditions of mass democracy, the soft and the infantilising will be preferred over the hard and the necessary again and again." - Eugyppius on X Clusterfuck Nation never sleeps, even while everybody else lays aside their labors. Later today we'll light up the ceremonial grill, but for now it's onto the tribulations of this dolorous moment in history. It was just such a sparkling September morning twenty-five years ago when those hijacked airliners knifed into the World Trade Center towers...