Auto output fell 33% in the month.
- largest m/m fall since 2013 (based on comparable data)
A 'highlight' from the IP data earlier:
A 'highlight' from the IP data earlier:
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Valero Energy swings to $1.3B profit on strong refining margins; raises dividend 6%.
Alphabet & Caterpillar soar on strong earnings, while Meta dips on AI investment fears. Oil prices stabilize.
Axios:Trump received briefing on plans for possible military action against Iran
SpaceX eyes $1.75T IPO in 2026, offering retail investors 30% share access. ETF XOVR holds 23.49% SpaceX.
SanDisk's AI boom fuels 360% gains! $42B in contracts aim to smooth price cycles. Buyback adds fuel.
ASEAN economic ministers warn Middle East war threatens regional energy security and growth. Strait of Hormuz carries ~25% of global seaborne oil and LNG; over 80% destined for Asia. Freight, insurance and logistics costs rising sharply.
ConocoPhillips' Q1 earnings dip 20% on lower prices/volumes, but shareholder returns stay strong. Qatar risks loom.
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