Rising Energy Costs May Hit All Sectors Eventually

Goldman, JPM Block China, Hong Kong Investors From SpaceX IPO SpaceX's institutional roadshow kicked off Thursday, with JPMorgan CEO Jamie Dimon hosting a "live interactive discussion" for ultra-wealthy clients across 90 JPM locations in 26 states. Shortly after, SpaceX's IPO slide deck was made public, likely in a bid to supercharge retail demand for what could be the largest public listing in history. However, one key investor pool appears to be shut out: China and Hong Kong. Bloomberg News reports that SpaceX's underwriters have blocked investors in China and Hong Kong...

Jobs Shock: US Lost 92K Payrolls In February, Far Below Lowest Estimate, As Unemployment Rate Rises In our nonfarm payrolls preview, we quoted JPMorgan's Market Intel desk which said that "for this print, the stronger the better", which by implication means that a poor number would be bad. By that logic, the actual number couldn't be any worse, because moments ago the BLS reported that in February, the US lost 92,000 jobs, a huge drop from the downward revised (of course) 126K in January, and the second worst print since 2020...

Zelensky Calls For Easter Truce Amid Nightly Russian Drone Assaults Ukrainian President Volodymyr Zelensky is urging for an Easter holiday ceasefire with Russia, at a moment each side has sent daily and nightly drones and missiles across the border. "We’re ready for a ceasefire during the Easter holidays," Zelensky told reporters, describing that "normal people who respect life" would seek a permanent ceasefire. "But we’re ready for any compromises, except those involving our dignity and sovereignty," he added. The vast majority of both the Russian & Ukrainian populations are Orthodox Christians. Both countries have predominantly...