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26.05.26 - 19:36
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The Guardian view on Britain′s economy: to profit politically a recovery must be felt in people′s pockets | Editorial (The Guardian)
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The chancellor can point to growth and lower inflation, but weak job data, flat living standards and uncertain productivity are no reason to cheerIn October 1991, the then chancellor Norman Lamont said he thought he saw some “green shoots” of recovery. He was ridiculed, as Britain was in the midst of a deep recession that it would not clamber out of until the following summer. Insouciant in the face of the scorn heaped upon him, Mr Lamont defended himself robustly, even long after the event – not least by writing letters to this newspaper. Despite this valiant defence, “green shootism” became notorious because it suggested a ruling class that was congratulating itself well before ordinary people felt a recovery.This has not stopped politicians since 2010 from claiming that Britain was bouncing back from the series of shocks it has experienced. After austerity had produced economic stagnation, George Osborne, the Tory chancellor in 2013, seized on a few quarters of growth to claim Britain was “...
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26.05.26 - 18:01
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Conference Board Consumer Expectations Hit YTD Highs, Inflation Fears Dip In May (ZeroHedge)
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Conference Board Consumer Expectations Hit YTD Highs, Inflation Fears Dip In May
With war (and rising gas prices) now fully embedded in respondents' minds (along with record high stock prices), it is perhaps not entirely surprising that The Conference Board's Consumer Confidence dipped in May (but was better than expected).
The headline index dipped 0.7 points to 93.1 in May, down from an upwardly revised 93.8 in April.
The Present Situation Index - based on consumers' assessment of current business and labor market conditions - retreated by 3.2 points to 121.2.
The Expectations Index - based on consumers' short-term outlook for income, business, and labor market conditions - rose by 1.0 points to 74.4 - the highest since Dec 2025.
Source: Bloomberg
“Consumer confidence edged downward in May as the inflationary impacts of the war in the Middle East intensified,” said Dana M Peterson, Chief Economist, The Conference Board.
“Consumer appraisals of current business conditions and the ...
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26.05.26 - 18:01
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NANO Nuclear Soars As It Turns Revenue-Generating With Strategic Acquisition (ZeroHedge)
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NANO Nuclear Soars As It Turns Revenue-Generating With Strategic Acquisition
NANO Nuclear announced the acquisition of Secured Transportation Services, instantly converting itself from a pre-revenue developer into a revenue-generating business with in-house secure transport capabilities for nuclear materials.
With the $13 million acquisition of Secured Transportation Services - a nuclear logistics, transportation and services company specializing in the secure transport of radioactive and nuclear materials - NANO continues to vertically integrate itself into what will soon be the leading provider of turnkey nuclear energy solutions to the AI supercycle. Secured Transportation Services generated a profit of about $1.3 million in the twelve months ended Dec. 31, 2025.
As NANO founder and Chairman Jay Yu put it: “NNE goes from pre-revenue to revenue generating overnight with [this] acquisition.”
Secured Transportation Services provides Nano Nuclear with the logistical infrastructure needed...
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