IAEA Confirms “No Impact On Nuclear Safety” After Zaporizhzhia Power Plant Fire Update (Monday): The geopolitical environment in Eastern Europe and the Middle East is quickly heating up, with Ukraine at the center of attention on Sunday evening. Europe can breathe a major sigh of relief after an alleged drone strike on the Russian-occupied Zaporizhzhia nuclear power plant has been reported … Read more
Futures Gain As Yen Resumes Slides, Oil Jumps US equity futures are seeing a slight bid, tracking Asian and European markets higher, as the week starts off more muted than last week but with a preference towards Quality. As of 7:45am, S&P 500 and Nasdaq 100 contracts are about 0.3% higher as Mag7 names are … Read more
“Travel Trends Deteriorating” As Consumer Downturn Worsens Consumers are quickly changing their spending habits as the pullback across the leisure and travel industry becomes more pronounced. We first asked this question in early May, “Is Consumer Travel Spending Easing?” – BofA Identifies New Trend As Travel Companies Miss Earnings. With the Biden-Harris economy losing steam, recession risks … Read more
Theater Of The Absurd, Harris-Walz Edition Authored by Roger Kimball via American Greatness, H.L. Mencken apparently never quite said that “No one ever went broke underestimating the intelligence of the American public.” He said lots of similar things, however, and I like to think he would have been proud of being the sort of chap … Read more
“The Worst Is Behind Us”: The US Trucking Industry Is Showing Signs Of A Resurrection It has been a long ugly road for the trucking industry in the U.S. since Covid caused one of its deepest recessions in history. But now, it is showing “signs of life” as demand ticks higher and prices remain suppressed, … Read more
Credit-Card And Auto-Loan Delinquencies Surged In The Second Quarter Authored by Mike Shedlock via MishTalk.com, Over ten percent of credit card outstanding debt is over 90 days delinquent. Banks will be curtailing credit… This a second look at some interesting charts from the New York Fed Quarterly Report on Household Debt and Credit. Over 10 Percent … Read more
Israel Says Iran Poised For Major Retaliation; US Deploys Sub, Hurries Carrier Group In a major shift in its recent assessment of Iran’s intentions, Israeli intelligence reportedly now believes that Iran is preparing a major strike on Israel after all — and that it will happen in the next few days. This comes after Israel had … Read more
Iran’s former foreign minister Javad Zarif, who negotiated a landmark 2015 nuclear deal with major world powers, on Monday announced he had resigned from his new post as vice president. “To avoid any suspicions or excuses for disrupting the work of the government… I resigned from the position of vice president for strategic affairs last … Read more
Russia on Monday ordered more evacuations in a region bordering Ukraine as it battled to contain an unprecedented push onto its territory by Kyiv forces. Ukraine last week sent troops into Russia’s border region of Kursk, in the largest cross-border operation by Kyiv since Moscow launched its offensive more than two years ago. The assault, … Read more
These Are The Cities With The Highest Robbery Rates In 2024 A recent Council on Criminal Justice (CCJ) report has revealed the U.S. cities with the highest rates of robberies. Robberies, for the purposes of the report, are defined as “theft or attempted theft involving force or the threat of force”. As of the middle of … Read more
