Aggregator

Trade $10, get $15 with the Kalshi promo code NYPMAX for the World Cup.

US crude oil dipped below $70 a barrel Friday as traders remained optimistic about tanker traffic flow through the Strait of Hormuz – even after an Iranian attack on a cargo ship.

UMich Sentiment Rebounds From 46-Year Record Low In June, Inflation Fears Fade Further

Having rebounded from record (46 year) lows in preliminary June data, University of Michigan's final June Sentiment survey was expected to show further improvement as gas prices have fallen since the US-Iran 'peace' MoU signing.

And it did with the headline index rising from 48.9 flash and 44.8 prior to 49.5 (but that was below the 50.0 expectation)...

Both Current Conditions and the Expectations Index also rebounded with the former outperforming...

Consumer sentiment confirmed its early-month reading, rising about 10% above May as gas prices moderated.

"Increases were seen across income, wealth, and political affiliation," Joanne Hsu, director of the survey, said in a statement.

Expected business conditions over the next five years surged 16% as consumers’ worries over long-term consequences of the Iran conflict appear to be easing.

"Still, sentiment remains in unfavorable territory at 13% below the February 2026 reading prior to the start of the Iran conflict, and nearly 20% less than a year ago."

Year-ahead inflation expectations inched down from 4.8% in May to a still-elevated 4.6% this month.

The current reading substantially exceeds the 3.4% reading seen in February before the Iran conflict began, along with all 2024 readings.

Long-run inflation expectations fell back from 3.9% last month to 3.3% in June, remaining a bit higher than the 2.8% to 3.2% range seen in 2024.

A gauge of consumers’ perceptions of their personal finances also improved from May, though remained close to the lowest since 2009.

Even so, US household demand has proved resilient. 

However, “the cost of living remains at the forefront of consumers’ minds,” Hsu concludes.

“Over half of consumers spontaneously mentioned that high prices are weighing down their personal finances.”

 

 

 

 

 

 

Tyler Durden Fri, 06/26/2026 - 10:08

What's more, most local camps conclude at approximately 4:00 p.m., forcing folks to hire childcare professionals to mind their little ones until the end-of-day whistle blows. 

California Gov. Gavin Newsom proposed a tax on America's billionaires — while remaining in steadfast opposition to the very same levy on the wealthiest in his state.

They say don’t chase a man for love, but in this dating scene, he may be running alongside you. 

Get up to $1,000 in no sweat tokens over 10 Days with the BetMGM bonus code NYPNEWSGET for the World Cup.

In the early Friday window of World Cup matches, France has a meaningful game against Norway if it wants to win Group I. 

The teen told police he and the teacher had sex between 10 and 20 times.

On Thursday, Page Six reported that the "Vanderpump Rules" alum was granted temporary restraining orders against his girlfriend and her father.

On Thursday, Page Six reported that the "Vanderpump Rules" alum was granted temporary restraining orders against his girlfriend and her father.

Musk's Starlink Plots To Become A Mobile Carrier; TD Cowen Sees Possible T-Mobile Buyout

The signs were already in plain sight that Elon Musk’s Starlink was positioning itself to challenge the big three U.S. wireless operators: Verizon, AT&T, and T-Mobile.

One of the clearest signals was SpaceX's $17 billion deal for EchoStar wireless spectrum last year, followed by a recent trademark filing for "Starlink Mobile."

We noted in December:

• SpaceX Trademark Filing Signals "Starlink Mobile" May Soon Take Aim At AT&T, Verizon

Now, the Financial Times reports that SpaceX Chief Operating Officer Gwynne Shotwell told institutional investors during the IPO roadshow that the company is considering selling mobile contracts directly to consumers and may eventually build its own terrestrial U.S. mobile network.

"The move would require Starlink to build a new retail offering by selling mobile contracts to individual customers, competing directly with the three big US network operators Verizon Wireless, AT&T and T-Mobile," FT wrote in a note.

Elon going for the phone after all

SpaceX Plans New Starlink Mobile Service for US Consumers: FT

— zerohedge (@zerohedge) June 26, 2026

The plan follows SpaceX's $17 billion purchase of EchoStar spectrum licenses last fall, a deal that could be viewed as the foundation for a terrestrial mobile network.

"A direct-to-consumer mobile offering would give SpaceX access to a far larger market than satellite broadband alone, potentially reducing its reliance on telecoms partners that currently act as intermediaries between Starlink’s satellites and end users," FT wrote in the report.

Starlink has already signed a number of deals with carriers, notably with T-Mobile:

Pathways for Starlink:

TD Cowen analyst Gregory Williams told clients that if SpaceX/Starlink fail to secure an MVNO/retail mobile deal, then the next logical move would be to acquire T-Mobile.

Williams explained why:

Acquire a U.S. Wireless Carrier. Should SpaceX fail to reach an MVNO deal, or simply desires owners' economics and quickly, T-Mobile seems to us the clear choice given their momentum (HSD % growth), maverick culture, pure-play wireless provider, and existing Starlink partnership. Another thought would be to acquire AT&T. SpaceX could sell AT&T's fiber homes (LEO solutions will likely have a very difficult time succeeding in a Cable/Fiber overlapped footprint) at ~$2,500/home essentially paying for AT&T's wireless network at a far less expensive price compared to T-Mobile. As for financing, SpaceX could theoretically execute a secondary offering for only modest dilution to its current substantial market cap.

Williams noted that any Starlink entry into the wireless industry is bearish for legacy operators.

He continued:

Any entry of SpaceX could be highly bearish for the wireless industry. As such, we are hopeful but not convinced that no carrier will budge and cave on an MVNO agreement. As for M&A, SpaceX would need a willing seller. With T-Mobile the best fit, this SpaceX dynamic could be what motivated T-Mobile owner Deutsche Telekom to seek total ownership and control of its US cash cow subsidiary as reported in April (LINK). In a defensive move, T-Mobile could acquire a cable company. While investors could roll their eyes on purchasing "yesterday's technology", and it would be an overt contradiction to T-Mobile management's messaging, a cable acquisition could serve two purposes.

Related:

• SpaceX Builds A Regulatory Moat Around Its Starlink Empire

Starlink's true intention was revealed by Musk last fall: 

2/ $ASTS: Key excerpts from the interview Starlink's true intention of competing against MNOs comes out:

Chamath: "Elon is your vision for this that instead of you know having an AT&T account and then roaming when you're in the UK or in India, we could have one direct deal with… pic.twitter.com/fkGuXHd3iF

— Anp🅰️nman (@spacanpanman) September 10, 2025

Speculation mounts...

Tyler Durden Fri, 06/26/2026 - 09:50

Some of Hollywood's biggest legends came out in full force for the USA-Turkey game on Thursday.

Some of Hollywood's biggest legends were in the stands for the nail-biting USA-Turkey match at California's SoFi Stadium on Thursday.

Nine years ago, “Hacksaw Ridge” producer David Permut walked me through his grueling itinerary on the ground at the Toronto Film Festival. In total, he screened 54 movies over 10 days and ate popcorn for breakfast, lunch and dinner. His schedule at the time included everything from buzzy awards-season hopefuls to shorts so obscure that...

Yet another dispute is brewing between Jimmy Donaldson — aka MrBeast — and a clutch of his investors. This time the issues center on Feastables, Donaldson’s chocolate and snack brand which is part of his holding company, Beast Industries, valued at close to $5 billion. A handful of Feastable investors have grown fed up with...

Wild footage shows holidaymakers brawling by the pool of a Spanish hotel – and the melee left a teenage girl covered in blood after suffering an apparent broken nose.

A woman caught on video dumping a public trash can on the street, then stealing it during New York City’s Knicks championship parade, was a director at JPMorgan Chase, and was fired on June 23rd over the incident, The Post has learned.

The Mets are shaking things up in the dugout.

Hoka, who? These cheaper sneakers are giving Hokas a run for their money.