Core PCE Prints Cooler Than Expected Due To Change In Methodology, As Savings Rate Plunges To 3 Year Low

DOJ, CTFC Investigating $2.6 Billion In Suspicious Iran War Oil Trades U.S. authorities are investigating more than $2.6 billion in oil futures shorts that landed within minutes of major announcements tied to the 2026 U.S.-Iran conflict. The Department of Justice (DOJ) has joined the Commodity Futures Trading Commission (CFTC) in a widening inquiry into potential misuse of material non-public information in one of the most liquid and geopolitically sensitive commodity markets on earth, ABC News reports. The trades in question involved bets that oil prices would fall shortly before major U.S. or Iranian...

Venezuela Quake Disaster Tops 5,000 Deaths As 50,000 Remain Missing Venezuela's official death toll from the twin earthquakes that struck the country on June 24 has surpassed 5,000 and could climb much higher. New footage of the June 24th earthquake in La Guaira shows multiple buildings collapsing #Venezuela pic.twitter.com/hq1ywikhpA — CNW (@ConflictsW) July 11, 2026 The magnitude 7.2 and 7.5 quakes struck within seconds of each other, devastating Chávez-era socialist housing projects in La Guaira and reducing buildings to rubble. As the Spanish daily newspaper ABC recently reported, "The explanation given by engineers...

Iran Oil Official In Surprise Admission: 'Fate Of Our Refineries Now At Risk' As US Blockade Begins To Bite Summary Iran oil sector official admits "serious threat" - telling NYT: "export of our oil and energy and the fate of our refineries is now at risk." US Navy jet fires on Iran-flagged tanker trying to reach Iranian waters & port. Axios reports that the White House is nearing a preliminary deal with Iran to end the war, as Trump post appears to offer olive branch. Other reports say just hammering out at 'framework' for...