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'Restraining Order Needed': Trump Again Taunts Italy's Meloni, Ahead Of NATO Summit
There's no time like the eve of the major annual NATO summit for Trump to reignite his longstanding feud with Italian prime minister Giorgia Meloni, apparently. The American President blasted out the below Truth Social just before heading to Ankara, Turkey for the gathering of NATO heads...
With just a few days to go before the next NATO summit, POTUS Donald Trump has once again attacked the Italian Prime Minister, Giorgia Meloni.
He portrays her as worshipful and calls for a “restraining order” to be imposed on her.
A few weeks ago, Trump had said that Meloni… pic.twitter.com/hHJTn8yCra
The doctored image featuring the caption "Restraining order needed" marks but the latest escalation between to the two leaders. Meloni has not responded or commented directly regarding the Truth Social Post, and is unlikely to given that Italy likely wants to avoid escalation.
"People come and go but relations must endure," Italian Defense Minister Guido Crosetto remarked on the prime minister still being in Trump's crosshairs to news channel Sky TG24. And Foreign Minister Antonio Tajani tried to brush it off while presenting an optimistic picture of future relations, saying he was "sure that transatlantic relations go well beyond individual comments."
This new post follows on another Truth Social post from June, in which Trump accused the Italian PM of asking for a picture with him "over and over" at the G7 Summit in France.
At heart of the feud is Italy's breaking with Trump over his Iran operation. This has included denying shared base usage for American military flights connected with Operation Epic Fury.
Trump had claimed earlier in the summer of Meloni, "She is doing poorly in Italy with her level of popularity, possibly because she turned down the United States of America, a Country that truly loves and protects Italy, when it came to denying Iran from obtaining or developing a Nuclear Weapon."
He then suggested that Meloni wanted to be "friends again" to get her "numbers up" - but has appeared to stipulate that she must fully open up Italian bases for US aircraft usage once again.
Meloni in response to the prior June post slammed the US president for his "senseless" and "constant, unprovoked attacks".
via Anadolu Agency"As for my popularity, being your friend has certainly not helped it, nor does it depend on my relationship with you," she shot back. "My popularity is none of your concern. I suggest you focus on yours."
All of this could serve to make any close-quarter contact at the NATO summit in Ankara very awkward - also as the two will certainly be in the same general vicinity for events like the group photo.
Tyler Durden Mon, 07/06/2026 - 10:35What Kayla Nicole was up to as ex Travis Kelce married Taylor Swift at MSG
What Kayla Nicole was up to as ex Travis Kelce married Taylor Swift at MSG
US Services Surveys Show Continued Expansion In June: Jobs Up, Inflation Down
Following US manufacturing small dip in June (though still expanding), the US Services sector PMI surveys are a little more mixed but both still solidly in expansion in June:
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S&P Global US Services PMI ticking up on the month from 50.7 to 51.2 (but a smidge below the 51.3 flash print)
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ISM US Services PMI dipped from 54.5 to 54 (in line with expectations)
“A slight acceleration of business growth in the services economy takes the expansion to the strongest since the outbreak of the war in the Middle East," says Chris Williamson, Chief Business Economist at S&P Global Market Intelligence, "though the pace of growth remains lacklustre compared to that seen at the start of the year before the conflict."
The survey data are hence broadly indicative of the economy only growing at a 1.2% annualized rate over the second quarter...
Similarly, while business growth expectations for the year ahead improved in June, they remained subdued compared to that seen prior to the war as businesses lack clarity over the outlook, both from economic and geopolitical contexts.
Here's what ISM Respondents are saying...-
“We continue to experience higher prices due to the Persian Gulf conflict through rising diesel fuel costs and increased input costs for resin-based packaging. The brunt of the impact will be experienced in the third quarter (Q3) of 2026, but we are feeling the impact now. Suppliers are aggressively attempting to pass through price increases.” [Accommodation & Food Services]
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“Extreme drought in Virginia is creating financial problems for farmers and the agricultural industry. Dramatically reduced spring crops harvest has created significant cost increases in feed expense. The barley grain crop was nearly totally lost due to the early hot weather and spring freeze. High fertilizer cost increases due to the war in Iran and increased freight cost has driven cost for crops above breakeven levels on many farms. Many dairy farmers are struggling with crop shortages, high input cost and below milk price breakeven. The financial stress from higher cost due to the Iran war and drought-related forage losses has resulted in decreased spending in the agricultural sector.” [Agriculture, Forestry, Fishing & Hunting]
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“In general, our company (commercial construction) is doing well. Pipeline is healthy for current and future work. Material pricing is higher and lead times on certain components in support of data center piping is elongating.” [Construction]
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“In addition to the known semiconductor manufacturing issue, now there are concerns regarding memory availability that is materially impacting our OEM’s purchasing patterns, which is affecting availability and driving my company’s purchasing decisions, including how much longer we are sweating our assets, how frequently we refresh, and how we approach maintenance contracts.” [Finance & Insurance]
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“Despite economic headwinds like persistent inflation, patient volumes and overall business activity remain strong reflected mainly by outstanding revenue performance. Supply chains remain resilient as well; back orders are at a historical low, and few if any critical products are experiencing difficulties. Labor is steady, as we continue to add full-time workers while the forecast remains positive. Given the continuation of the conflict in the Middle East, we are beginning to hear that cost of goods increases are on the horizon but have yet to materialize. Cost increases are in focus for the next quarter.” [Health Care & Social Assistance]
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“From a strategic supply chain perspective, we are seeing increased complexity in managing total landed cost due to tariffs, import/export constraints and duty recovery mechanisms, requiring more proactive coordination across sourcing, logistics and compliance teams. Recent discussions internally also highlight the impact of tariff programs and duty drawback evaluations on purchasing strategies.” [Mining]
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“Demand remains strong in infrastructure, environmental, and resilience projects, while procurement faces persistent labor inflation, supplier capacity constraints, and regulatory complexity—particularly in California and other high-cost markets. Labor-driven categories remain elevated despite easing goods inflation. The impact is higher rates, longer lead times, and increased importance of capacity assurance vs. lowest-cost sourcing.” [Professional, Scientific & Technical Services]
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“Business has been very strong during what is usually a less active time of the year. Pricing is stable, and employment just where we want it to be. Supply chain strong with no challenges.” [Retail Trade]
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“The utility industry continues to experience extended lead times, supply-chain constraints, material shortages, and pricing volatility. As a result, suppliers are often limiting quotation validity periods, with many RFQs carrying expiration dates as short as 24 hours. These conditions require timely evaluation and procurement decisions to mitigate the risk of price changes and availability issues.” [Utilities]
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“We are experiencing continued sequential top-line growth driven mostly by increased prices.” [Wholesale Trade]
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“In addition to the known semiconductor manufacturing issue, now there are concerns regarding memory availability that is materially impacting our OEM’s purchasing patterns, which is affecting availability and driving my company’s purchasing decisions, including how much longer we are sweating our assets, how frequently we refresh, and how we approach maintenance contracts.” [Finance & Insurance]
Williamson notes that the prospect of higher interest rates also acted as a further headwind to growth, notably in the financial service sector, where business expectations remain especially muted, adding that “a key underlying factor behind the relatively subdued performance of the services economy was again elevated price pressures."
Although easing slightly, aided largely by lower oil prices, costs continued to rise at a steep rate in June, driving up rates levied for services.
Customer push-back against these high prices was again widely reported, most notably in consumer-facing businesses.
But Williamson concludes that "consumer-facing companies are nevertheless reporting that further price falls should help stimulate sales in the months ahead, providing a ray of hope for both the growth and inflation outlooks.”
Tyler Durden Mon, 07/06/2026 - 10:10