Futures, Global Markets Tumble As Oil Soars Amid Fears Of Lenghty Energy Crisis

As the White House threatens war against Cuba, I am reminded of the charming evenings my parents and I spent at Havana’s venerable ‘Floridita Bar, sipping a newly invented cocktail, the Margarita, with the renowned writer, Ernest Hemingway. `Papa’ Hemingway, who then lived in Cuba, loved this island with a great passion and wrote about […]

Michigan And New York Drive Jump In Initial Jobless Claims, Continuing Claims Near 2-Year-Lows The number of Americans filing for unemployment benefits for the first time rose to 209k last week, rebounding off the lowest levels since 1969... Michigan and New York saw the largest surge in initial jobless claims last week, while Puerto Rico and Ohio saw the biggest weekly declines... Continuing jobless claims, however, dipped back below 1.8 million Americans, clearly trending lower again... Combined with Friday's disappointing payrolls print, the labor market appears to remain in the 'no hire, no...

Early Returns Show Surprises In California As Other States Wrap Up Update (0030ET): Voters in six states went to the polls today for key primaries. While many races followed expectations, California delivered notable early drama with slow-counting mail ballots still to come. California Governor (Top-Two Primary) The race to replace term-limited Gov. Gavin Newsom remains the biggest story. In a crowded nonpartisan jungle primary, early returns (approx. 45-50% counted) show: Steve Hilton (R) leading at ~26.7% Xavier Becerra (D) close behind at ~25.8% Tom Steyer (D) trailing at ~19.6% Chad Bianco (R) is further back. If trends...