Iran Earning $139 Million A Day From Oil As Hormuz Crisis Locks Out Rivals

One of the legacies of Keynesian thought is the belief that war is “good for the economy.” While war may help enable employment, nonetheless, its overall legacy is destructive, and even the jobs war “creates” are economically undesirable.

Despite 'Survey' Sadness, Jobless Claims Slide Near Historic Lows The number of Americans filing for jobless benefits for the first time fell to just 207k (below the 213k expected and down from the prior 209.25k) - back near its lowest levels in 5 years (and trend towards its lowest level in 50 years)... Source: Bloomberg Despite a small pick up last week, Continuing jobless claims have been below the 1.9 million Maginot Line since the start of the year... Source: Bloomberg Finally, as the following chart suggests, while it may be "hard to get"...

Moderna Extends Rally After Two More Cruise Ship Passengers Test Positive For Hantavirus Moderna shares are up another 7% in premarket trading, as renewed alarm over the hantavirus-plagued MV Hondius cruise ship energizes investor focus on the company's vaccine pipeline. The latest news catalyst: Two passengers evacuated from the cruise ship on Sunday tested positive, reinforcing concerns that the outbreak remains active. The Hondius is moored at a port in Spain's Canary Islands. On Sunday, passengers were escorted off by personnel in protective gear before being flown home on government and military aircraft. Seventeen...