Rare public disagreement between the United Arab Emirates and Saudi Arabia over OPEC policy points to a growing economic rivalry between the two largest Arab economies which only looks set to intensify, several regional analysts said.
Tyson Foods is recalling some 8.5 million pounds of frozen, fully cooked chicken for possible listeria contamination, the company and the U.S. Department of Agriculture announced Saturday night.
At his campaign style speech in Sarasota, Florida, 45th President Donald Trump mentioned Ashli Babbitt, the Air Force Veteran slain on January 6, for the first time publicly. President Trump revealed that he met with Babbitt’s grieving family, and also asked why so many January 6 protesters are still in jail, and slammed Senate Minority Leader Mitch McConnell for refusing to fight for them.
The number of Americans filing new claims for unemployment benefits fell more than expected last week, while layoffs plunged to a 21-year low in June, suggesting the labor market recovery from the COVID-19 pandemic was gaining traction.
Despite slumping 'hard' data, 'soft' survey data has been trending higher on a bed of soaring prices (well it must be demand), and supplier delivery delays (well it must be demand) providing any and all asset-gatherers and commission-rakers the ammo to confirm the recovery.
Home prices reached record highs in April as the housing market continued to boom, with home prices in areas around cities climbing at the fastest rate on record.
The United States retail sales and jobless claims weakness, significantly below estimates, coincides with the largest fiscal and monetary stimulus in history. Something is not right when these figures come significantly below estimates in an environment of massive upgrades to gross domestic product (GDP). Why?
