Jobless Claims Continue To Show No Signs Of Labor Market Stress

The US Spends More On 'Defense' Than The Next 8 Countries Combined For the first time on record, the top 15 military spenders allocated more than $2 trillion to defense in 2025. Total global defense spending also reached a record $2.6 trillion, signaling a major shift in geopolitical priorities. Using data from the International Institute for Strategic Studies, this visualization, via Visual Capitalist's Dorothy Neufeld, ranks the 15 countries driving this surge in military spending. While the U.S. still operates on an entirely different scale, the biggest shift is happening in Europe, where countries...

Asia Begins Pricing US Oil Against Brent As Dubai Volatility Spikes Submitted by Michael Kern of OilPrice.com Asian refiners have started pricing their orders for U.S. crude oil against the ICE Brent benchmark instead of the typical pricing on Dubai crude, as the Middle Eastern benchmark has seen wild fluctuations amid choked physical supply from the Persian Gulf. Dubai crude prices soared last week to an all-time high of $169.75 per barrel, and were around  $130 a barrel early on Friday. These highly volatile prices and the uncertainty about supply from the Middle...