US Gasoline Prices Hit Record And Peak Driving Season Has Yet To Come
By Tyler Durden U.S. retail gasoline and diesel prices at the pump hit a new record, according to the American Automobile Association (AAA). Soaring fuel prices come…
Tyler Durden
Germany’s Top Banking Chief Warns Of Bankruptcy Tsunami Amid Stagflation Threats
By Tyler Durden A tsunami of bankruptcies could batter Europe’s largest manufacturing hub as stagflation risks mount due to the conflict in Ukraine and resulting…
Watch: Autonomous Chinese Drone Swarm Flies Through Forest While Hunting For Humans
By Tyler Durden A swarm of micro-drones autonomously navigated a dense bamboo forest in China without GPS, able to avoid trees, branches, and brush. The…
Shocking Consumer Credit Numbers: Everyone Is Maxing Out Their Credit Card Ahead Of The Recession
By Tyler Durden While it is traditionally viewed as a B-grade indicator, the March consumer credit report from the Federal Reserve was an absolute shocker…
US Productivity Just Crashed By The Most Since 1947 As Labor Costs Explode
By Tyler Durden Hot on the heels of last week’s ‘Employment Cost Index’ which Fed Chair Powell commented on (as worrisome), US Unit Labor Costs…
World’s Largest Fertilizer Company Warns Crop Nutrient Disruptions Through 2023
By Tyler Durden The world’s largest fertilizer company warned supply disruptions could extend into 2023. A bulk of the world’s supply has been taken offline…
US East Coast Diesel Stockpiles Hit Record Low As Fuel Crisis Nears
By Tyler Durden We noted Tuesday evening, D (for Diesel)-Day quickly approaches, though it might already be here as U.S. East Coast distillate inventories plunge to a record…
Food Bank Demand Soars (Again) As Inflation Crushes Working-Poor
By Tyler Durden The highest inflation prints in four decades have forced some Americans to flood food banks and pantries (again). WSJ reports that Forgotten Harvest in Detroit…
A Record Number Of Americans Just Quit Their Job, As Job Openings Surpass Unemployed Workers By A Record 5.6 Million
By Tyler Durden Another month, another blockbuster JOLTS report confirming just how terribly broken the US labor market is. Last month, the BLS reported that…
DoD Sends “Phoenix Ghost” Kamikaze Drones To Ukraine
By Tyler Durden The Department of Defense announced it was sending “121 Phoenix Ghost Tactical Unmanned Aerial Systems” to Ukraine. The never-before-seen kamikaze drone is a brand-new…
“Bigger Mess Than Last Year” — Global Supply Chain Crisis Could Emerge By Summer
By Tyler Durden The next round of supply chain bottlenecks could be even greater than last year’s massive congestion at ports as China’s “zero COVID”…
DHS Creating “Disinformation Governance Board” Ahead Of Midterms
By Tyler Durden The Department of Homeland Security (DHS) is creating a “Disinformation Governance Board” to control narratives combat whatever they deem ‘misinformation’ before the…
“Meltdown”: Bank Of America Sounding The Alarm On Collapsing Freight Demand
By Tyler Durden Trucking demand is “near freight recession levels,” according to Bank of America. Shippers’ outlook on rates, capacity and inventory levels are matching…
EU Puts Elon Musk On Notice Over Free Speech Plans For Twitter
By Tyler Durden The European Union has put Elon Musk on notice – warning that he faces hefty fines or even a ban if he…