Shocking JOLTS: Job Openings Soar By 731K, 9-Sigma Beat, As Quits Bizarrely Plunge To 6 Year Low We had to do a double take when the BLS reported today’s JOLTS job openings: with consensus expecting no change from last month’s print of 6.866MM, and near the lowest in two years, moments ago a flashing red headline revealed that in April the US added a stunning 731K jobs to 7.618 million, up from an upward revised 6.887 million, and […]

Russia Unleashes Its Threatened Mass Bombardment: At Least 18 Killed, Over 100 Wounded Across Ukraine The Kremlin spent much of the last week warning foreign diplomats and bystanders to evacuate Ukraine’s capital, warning that an escalation in airstrikes is imminent, in response to Ukraine’s own drone swarms sent against Moscow and other Russian sites last month – especially the Starobelsk dormitory attack. “In response to […]

Tencent Soars Most Since 2022 On Report It’s Set To Launch AI Agent For China’s Most Used App Tencent shares jumped the most since late 2022 after an FT report that the Chinese company was testing a prototype AI agent for WeChat, China’s most widely used app for everything from messaging and social media to ride-hailing and payments, fueled optimism about the company’s artificial intelligence efforts.  The Chinese internet […]

Oil Spikes As Iran Denies Progress Despite Hasty Lebanon Truce: US Talks Halted For ‘At Least A Few Days’ Summary: Washington has seen the Lebanon partial truce as opportunity enough to press forward on broader talks, with Trump saying he expects a broader Iran deal “over the next week”. But Fars denies this Tuesday: “exchange of messages between Iran & the US has been stopped for at least a few days” on MOU. In […]

Trump Taps Housing Regulator Bill Pulte As Acting Director Of National Intelligence President Trump said Tuesday that he is appointing Bill Pulte, the director of the Federal Housing Finance Agency and chairman of Fannie Mae and Freddie Mac, to serve as acting director of national intelligence after Tulsi Gabbard leaves the post. Gabbard announced her resignation on May 22, citing her husband Abraham Williams’ recent diagnosis […]

Europe Has “Serious, Really Serious Problems” If US Cuts Oil Exports, Currie Last night, the Abaxx Markets’ Jeff Currie and Veriten’s Arjun Murti joined Real Vision’s Ash Bennington for a ZeroHedge Debate on what the oil market is getting wrong.  Surprise surprise… the EU is not looking good. But the U.S. may be in trouble too. Currie doubled down on his reserves-to-run-dry-by-July call. They each gave their outlook on […]

US Futures Dip As Questions Mount Over Relentless Tech Rally, Lack Of Peace Progress Futs are weaker but well off their overnight lows as the US is set to lag its global peers; according to JPM investors will need to watch to see if there is a beginning of a larger rotation similar to Jan-Feb or perhaps a slight pullback following the US’s multi-week run. As of 8:00am ET, S&P futures are down 0.2% after the […]

Marvell Soars After Nvidia CEO Says Chipmaker Is Headed For Trillion-Dollar Club Computex 2026 in Taipei is underway for the second day. Let’s begin with Monday’s wrap-up of the event: Nvidia CEO Declares AI PC Reinvention A “New Beginning” On Par With Smartphone Shift AI, Chips, Humanoid Robots: Top Takeaways From Computex 2025 There was no shortage of fireworks on day two, as Nvidia CEO Jensen Huang took the stage and […]

Britain’s White ‘George Floyd’ Moment? Update: Vickrum Singh Digwa, 23, received a life sentence with a 21-year minimum on Monday for the murder of 18-year-old Henry Nowak. Judge William Mousley describes Nowak as a “much-loved, kind, hard-working and ambitious young man, devoted to his family and with a bright future.” Mousley includes agonizing testimony from Nowak’s family: Nowak’s death has caused his sister’s world […]

Another Hurricane Season Is Underway: What To Know Authored by T.J.Muscaro via The Epoch Times, June 1 marked the start of yet another hurricane season for the Atlantic Ocean, Caribbean Sea, and Gulf of America.  The National Oceanic and Atmospheric Administration (NOAA) is forecasting a lower-than-average number of named storms between now and Nov. 30 thanks to “El Niño.” This is a recurring weather event known to lower […]

Abivax Crashes Most On Record After Cancer Cases In Trial Data Spooks Wall Street French biotech Abivax suffered its largest intraday decline on record after reporting new data on its lead experimental inflammatory bowel disease drug, which showed cancer cases among patients in the clinical trial. The new data certainly point to regulatory headwinds and raise the risk profile for approval. Abivax’s ABTECT maintenance data showed […]

Trump Slashes Tractor Tariffs In Bid To Revive Ag Belt Optimism The Trump administration appears to be trying to inject new optimism across the nation’s farm belt following the China meeting last month, during which Beijing committed to making billions of dollars of new purchases of U.S. agricultural goods. The White House’s latest move is to reduce tariffs on tractors and combines, a policy shift aimed at easing cost pressures on […]

Net Zero & Statism Deliver Stagnation: How Interventionism Undermined Growth In The UK & Canada Authored by Daniel Lacalle, Governments are terrible at picking winners and even worse at choosing losers. Net zero and interventionist “Keynesian” policies in Canada and the UK have proven that government intervention has created a worse outcome than anyone would have expected. The result is higher costs, distorted […]

Trump Reportedly Ripped Netanyahu In Phone Call, Demanded Lebanon Truce: ‘You’re F**king Crazy, I’m Saving Your Ass’ Summary Axios reports angry call between Trump and Netanyahu; Trump is said to have told Netanyahu “you’re fucking crazy’” while demanding Lebanon truce: “I’m saving your ass,” Trump has announced the “shooting will stop” in Lebanon, after phone calls with both sides. Says Iran talks back on “at rapid pace”; […]

Tesla Posts Strong Registration Growth Across Europe In May Tesla showed signs of regaining momentum in Europe during May, posting strong registration growth across several major markets, according to Reuters. New registrations climbed to 1,750 vehicles in Denmark (+136%), 1,690 in Spain (+113%), and 858 in Sweden (+71%), based on data released by local industry groups. Reuters writes that the trend extended across the region. […]

The Cost Of The Grain That Feeds Half The World Just Posted Biggest Monthly Surge Since 2008 Asian rice prices logged their biggest monthly gain in nearly two decades in May, as a Gulf energy shock collides with an expected El Niño event later this year. The spike adds to the mounting risks of a broader food price shock that could emerge as soon as six months from now. Any time rice prices spike, it is a major concern because the […]

Potential Offshore Strike In Norway Could Add Fresh Uncertainty To Global Energy Markets As Wage Talks Collapse By Michael Kern of OilPrice.com A potential strike over wages could threaten smooth operations offshore Norway, Western Europe’s top oil and gas producer, at a time when the world is scrambling for oil and gas supply amid the Middle East crisis. Almost 8% of oil and gas workers offshore Norway could go on a strike from […]

How Contagious Is Ebola? More than 200 people are suspected to have died in Ebola outbreaks in the Democratic Republic of the Congo and Uganda, according to the latest figures published by the Centers for Disease Control and Prevention on May 29. The vast majority of these are in the DRC. With no vaccine available for this strain, the World Health Organization declared a public health emergency of international concern on May […]

Britain’s Nuclear Renaissance Faces Mounting Cost Pressures Authored by Felicity Bradstock via OilPrice.com, Sizewell C and Hinkley Point C are expected to play a major role in expanding Britain’s nuclear generation capacity and reducing dependence on fossil fuels. Both projects have faced concerns over delays and rising costs, with Hinkley Point C’s estimated price nearly doubling from its original forecast. The […]

London Bans Israel Critics Hassan Piker, Cenk Uyghur From Entering UK Via The Cradle Pro-Palestine streamer and commentator Hassan Piker was banned from visiting the UK by the British Home Office, ahead of his planned meeting with former Labour Party chief Jeremy Corbyn. Piker was also due to meet with Green Party leader Zack Polanski. “The UK has revoked my visa as well. All at the behest of Israel. The west is betraying […]

Iran Has Dug Out More Missile Tunnels Than Previously Thought: Satellite Analysis During the current but tenuous ceasefire, Iran has successfully managed to excavate multiple key sites tied to its missile program that were previously bombarded by the American-Israeli warplanes during the initial five weeks of Operation Epic Fury. While the revelation is not exactly new, a fresh CNN report has confirmed through recent satellite […]

A Three-Part Story: These Were The Best And Worst Performing Assets In February The Middle East continued to dominate market attention in May, as constant, daily, recurring hopes and media leaks and trial balloons for some kind of US-Iran deal meant that Brent crude oil fell -19.3%, marking its biggest monthly decline since March 2020 as the pandemic lockdowns began. Those hopes for an end to the conflict meant that fears about […]

Florida Becomes First State To Sue “Unsafe” OpenAI And Sam Altman Over AI Harms OpenAI no longer has to worry about being last in the AI IPO race and lagging ARRs when compared to Anthropic, not to mention a potential Supreme Court showdown against Elon Musk (pending appeal). Earlier today, Florida became the first state to file a lawsuit against OpenAI and its chief executive, Sam Altman, launching a new broadside in a growing […]

L.A.’s Choice: More Dysfunction Or Spencer Pratt? Authored by Victoria Taft via PJ Media, Spencer Pratt has a “shot” to win the Los Angeles mayor’s race, according to the latest polling. The first thing Angelenos need to begin the biggest turnaround in L.A. history, however, is to admit the city has a problem: self-imposed dysfunction. Then they need to vote for someone who didn’t relish in causing it. The choice going into […]

Jill Biden’s Memoir Tour Is Getting Trashed From The Left Jill Biden has launched a book tour for her new memoir, View from the East Wing, in what appears to be an effort to salvage her husband’s political legacy after his 2024 campaign collapsed following his disastrous debate with President Trump. Instead, she’s reopening a wound Democrats spent two years trying to let heal. Now, former aides, party operatives, and even […]