World Economic Fuck'em

Job Openings Drop But More Than Offset By Record Surge In Hiring Two months ago, the BLS reported that January job openings unexpectedly soared by 400K, the biggest increase since November 2024, to 6.946MM, the highest since last October. Then, one month later it turned out the jump was even higher than that when the BLS published the February JOLTS print, when we learned that the January job print was revised massively higher by another 300K to 7.240MM from 6.946MM, a surge of 690K and the biggest since 2022; February job...

The ceasefire in Lebanon appears to be collapsing as Israel and Hezbollah are escalating attacks.  On Saturday, Prime Minister Benjamin Netanyahu ordered the IDF to “vigorously attack Hezbollah targets” in Lebanon. The conflict between Hezbollah and Israel started after the October 7, 2023, Hamas attack.  In November 2024, Hezbollah and Israel agreed to a ceasefire. […]

Container Ship Sinks In Hormuz After Iranian Strike Last Month; UBS Gives Latest Strait Update The Egyptian-owned, Maltese-flagged container ship Safeen Prestige (IMO: 9593517), which was damaged in the first week of the U.S.-Iran conflict following an Iranian strike, has reportedly sunk in the Strait of Hormuz. According to Bloomberg, Pakistan's hydrographic service said the container ship sank last week, leaving only an oil slick on the surface of the water in the Hormuz chokepoint. The IRGC torched the SAFEEN PRESTIGE in the Strait of Hormuz and continues to reignite the fire. Now...