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Mixed Signals From the American Consumer Leave Experts Completely Confused

Key Points: Consumer sentiment crashed to 47.6, marking the lowest confidence score in the survey's 74-year history. The war in Iran pushed gas prices up by 40%, draining $140 billion from household incomes. Core retail sales ignored the gloomy mood and grew by 4.6% year-over-year in March. Major CEOs report that shoppers continue to buy...

AI Boom Pushes Stock Market to Record Highs as Chip Companies Surge

Key Points: Nvidia reached a massive $5 trillion market value while Intel posted its strongest single-day stock gain since 1987. Massive technology companies plan to spend roughly $650 billion this year to build new artificial intelligence infrastructure. The stock market ignores $100 oil prices and global conflict, pushing the S&P 500 toward a 7,600 target....

Iran War Pushes Global Supply Chain Costs Higher as Freight Rates Surge

Key Points: Global shipping costs spiked rapidly during the first 50 days of the ongoing Iran war. Airlines slashed cargo flights and raised fees as jet fuel prices nearly doubled. Cargo ships continue to avoid the Red Sea, taking a long detour around Africa. Spiking oil prices are pushing trucking and delivery rates significantly higher...