The Personal Consumption Expenditures (PCE) Price Index, the Federal Reserve’s preferred measure of inflation, rose 4.1 percent year-over-year (YOY) in May following a monthly increase of 0.4 percent. That annual rate is the highest since April 2023.Core PCE, which excludes volatile items like energy and food, similarly rose 3.4 percent YOY, its highest level since October 2023.Much of the rise comes from increased expenditures on financial services and insurance, following a rally in the S&P 500. April’s PCE report had revealed a similar three-year high. The upward trend puts further pressure on the Federal Reserve to raise interest rates. Markets now price the chance of a rate hike at the July 29 Fed meeting at 30 percent with an 80 percent chance by the end of the year. Read the full article here
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MoreA few weeks ago I put out a plea to industry to not use Artificial Intelligence Large Language Models to create press releases. Something happened the following week which really lit a fuze under me. Not long after, something happened which made me double down. I was attending SOF Week…
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MoreBuilt in Britain for Britain: Landmark milestone showcases UK manufacturing excellence, sovereign capability and defence readiness Telford, UK – 25 June 2026 – Team Boxer UK has reached a major programme milestone with the delivery of the 100th Boxer Mechanised Infantry Vehicle (MIV) to the UK Ministry of Defence, demonstrating…
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For the past several months B&T USA and B&T AG which is located in Switzerland, have been in a legal battle over the future of the B&T trademark in the United States. Today, B&T USA announced that they had reached an agreement. It was also posted to the B&T AG…
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The price of oil fell to below pre-war levels on Thursday, as a 60-day interim peace deal to the Iran War continued to hold for its eighth day. Brent Crude oil dropped to $72.40 on Thursday morning, slightly lower than the closing price of $72.48 on February 27, the day…
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MoreThree progressive congressional candidates endorsed by New York City Mayor Zohran Mamdani won Democratic primaries Tuesday, a sweep that signaled the democratic socialist mayor’s expanding influence and gave the party’s leftmost flank a set of likely new House members from heavily Democratic city districts. The former New York City Comptroller…
An interim peace deal to reach a final settlement to end the Iran War continued to hold as Oman announced the opening of two temporary lanes for transits through the Strait of Hormuz. President Donald Trump wrote on Truth Social Wednesday that “NO TOLLS, NO INSURANCE COSTS, & NO OTHER…
Airborne and special forces are among the first units to be deployed in crisis and conflict scenarios. They require systems that combine strategic deployability, high mobility, and maximum operational flexibility. With the new Caracal 6×6, Rheinmetall is expanding its family of air-mobile vehicles with a high-performance platform for demanding mission…
The NASDAQ composite index ended Tuesday down 2.2 percent, a dive driven by falling tech stocks. AI and chip stocks spearheaded the decline, with key companies like Tesla (TSLA), and Nvidia (NVDA) down 5.82 and 3.91 percent respectively over the past five days. One key driver of the decline was…
In what may be the coolest thing I saw at SOF Week, Envision Technology made the public debut of their PROTEUS. Portable Reconfigurable Observation And Targeting Expeditionary Uncrewed System or PROTEUS for short was designed in response to USSOCOM’s drone-in-a-box requirement which envisioned a multi-mode drone system, rapidly transitioning from…
KETRZYN, POLAND, June 24, 2026 – Revision Military, a global leader in ballistic eyewear and protective systems, announces the expansion of its manufacturing footprint with the launch of assembly operations in Ketrzyn, Poland. The new assembly line supports the production of select Revision Military products delivered to NATO and allied…
The Senate passed on Tuesday a concurrent resolution directing the president to cease military action in Iran or seek congressional approval by a 50–48 vote. The House passed the same resolution earlier this month. Four Republicans crossed the aisle to support the resolution: Senators Rand Paul (KY), Susan Collins (ME),…
FORT INDIANTOWN GAP, Pa. – The Unmanned Aircraft System (UAS) Training and Innovation Facility soon will undergo modernization changes that will strengthen its readiness to train Soldiers, including creating an innovation classroom, a high-tech classroom, a simulator room, a locker room and a mock urban village for training. Plans also…
KOMENDA, SLOVENIA (18 June 2026) UNI&FORMA, part of Mehler Systems and the company behind the UF PRO brand, has received Slovenia’s prestigious “Exporter of the Year” (Izvoznik leta) 2026 award, recognising excellence in exports, innovation, and international growth. Presented annually by Finance, Slovenia’s leading business newspaper, the award is one…
The prestigious ammunition brand ROTTWEIL known for its shotshell products launches fourteen (14) different product solutions for law enforcement and security agencies as well as special forces. Besides door breaching cartridges, ROTTWEIL’s portfolio now also carries a slug, buckshot, training as well as an anti-drone (C-UAV) range meeting the remarkably…
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Coventry, UK — 22 Jun 26 — NP Aerospace, a leading global armour technology manufacturer and vehicle integrator, today announced that it has signed a definitive agreement to acquire Iten Defense, a U.S. based specialist provider of advanced defence protection solutions, from Edgewater Capital Partners and other minority shareholders. The…
