Feds Clear Path To Keep California's Last Nuclear Power Plant Open For 20 More Years

Bessent Convenes G20 Finance Chiefs To Confront China's $1.2 Trillion Trade Surplus Treasury Secretary Scott Bessent will meet with G20 finance ministers and central bank governors later today in Asheville, North Carolina, to discuss strategies for reviving economic growth, correcting global imbalances, reassessing trade relationships with China, and addressing the sovereign debt mess. The agenda today will also include plans to deepen Iran's economic isolation, Reuters reported, citing a senior US Treasury official. The discussions signal a continuation of the financial-pressure campaign Bessent unveiled last week (read here). "The world cannot have...

Russia Launches Springtime Offensive On Ukraine, As "That Other War" Drags On Just days after we reported that trilateral peace negotiations between Russia, Ukraine, and the Trump administration had been suspended -  likely indefinitely - thanks to Washington's escalating involvement in the Iran war, Reuters is now confirming the inevitable: Moscow is pressing ahead with a fresh springtime offensive while Kiev scrambles to hold the line. As we reported before, from the collapse of talks in Geneva and Miami to Putin's envoy shuttling back for what turned out to be fruitless...

ADP Employment Report Signals Strong Labor Market Across The Board, Wage Growth Accelerates ADP's Employment Report showed a better than expected rise in jobs in October, up 86k (vs +67k exp) - the 16th monthly rise in employment in a row..."Employers of all sizes were hiring last month," said Dr. Nela Richardson Chief Economist, ADP.The Services Industry saw job gains accelerate while Manufacturing slowed with the advance reflecting gains in trade, transportation and utilities, education and health services, leisure and hospitality, financial activities and construction.Richardson also noted that ADP data...