The economy is still breathing, but it is breathing through an oil filter. 🛢️📊
Today on GRO Money News:
🌏 Asia opened mixed, with Japan and India stronger while Hong Kong, Shanghai, and Australia weakened
🛢️ Oil jumped more than 5 percent as U.S. and Iran tensions hit inflation risk
🏦 Treasury yields rose, which means capital stacks just got less forgiving
📈 Services are still expanding, with June ISM Services PMI at 54
🚚 Freight is improving, with rail traffic showing six straight months of carload growth
💳 The consumer is still spending, but household debt remains heavy
🤖 Meta is putting $9.1B into an Alberta AI data center tied to natural gas power
⚡ Anthropic’s…
The skinny
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