Job Openings Drop After Huge Upward Revision As Hires, Quits Unexpectedly Plunge To Six Year Low

ADP Reports US Economy Added The Most Jobs In 16 Months In May Following a shockingly strong JOLTS report, ADP just reported a stronger than expected rise in jobs added in May. ADP says 122k jobs were added in May - better than the 120k expected - and the biggest monthly addition since January 2025 Source: Bloomberg "Hiring was more broad-based in May than we've seen in the last few years," said Dr. Nela Richardson, Chief Economist, ADP. "The labor market continues to show sustained momentum going into the summer hiring season." Small businesses added...

Hezbollah Supporters Block Roads, Encircle Govt Buildings In Beirut Over Israel Deal: 'They Sold Us Out' Mass protests broke out in Beirut on Friday into Saturday, with supporters of Hezbollah voicing their outrage at the Lebanese government having just signed a 'trilateral peace framework' with Israel and the United States, despite the IDF occupation of southern territory and sporadic Israeli bombings persisting.  Hundreds of motorcycle-riding supporters were also seen circling streets through central Beirut, near the parliament building and along airport road. In some cases protesters blocked roads near sensitive government...

Chinese EVs Absent From U.S. Roads, But Parts Under The Hood Are Alarming For good reason, U.S. policymakers have resisted opening the domestic auto market to a flood of cheap, gasoline-powered Chinese cars and EVs. Such a move would crush Detroit into even more misery. It would accelerate the hollowing out of the nation's industrial base (something Europe willingly did), further degrade suppliers, and weaken the country's ability to convert truck production lines to tank production in wartime. However, while Chinese-made cars remain absent from U.S. highways, there has been a...