The Silicon Valley Bank collapse wasn’t unique, it was just first

President Trump has expressed “serious interest” in the idea of sending US troops into Iran, NBC News reported on Saturday, citing US officials. The officials said that Trump has discussed the idea of deploying ground troops with aides and senior Republicans in Congress. Publicly, the president has refused to rule out the idea of putting […]

Federal Appeals Court Allows Texas To Enforce State Immigration Law Authored by Matthew Vadum via The Epoch Times, A divided federal appeals court on April 24 allowed Texas to enforce a state law that permits the arrest and prosecution of individuals thought to have unlawfully crossed the U.S.-Mexico border. The U.S. Court of Appeals for the Fifth Circuit voted 10–7 to undo a 2024 injunction that had prevented enforcement of the law known as Senate Bill 4. Initially, the former Biden administration had challenged the statute, but the second Trump administration dropped...

Jobless Claims Hover Near Record Lows Sustaining 'No Hire, No Fire' Narrative The number of Americans filing for unemployment benefits for the first time was flat from the prior week at 210.5k (215k exp). Simply put, these numbers are hovering near their lowest levels since 1969... Source: Bloomberg Continuing claims also printed below expectations at 1.819 million Americans. This is the lowest level since May 2024... Source: Bloomberg Finally, as a reminder, sentiment surveys suggest the labor market is bifurcated with 'jobs hard to get' but joblessness not surging... Source: Bloomberg That chart reinforces the 'no...