When a Chicken Isn’t Just a Chicken

Another JOLT: Jobs Opening Smash Expectations, Despite Another Drop In Number Of Hires Another month, another whopping beat by the BLS JOLTS job openings report. One month after the April JOLTS report came out with a whopping 9-sigma beat to estimates, when it showed that in April the US added a whopping 731K job openings to 7.618 million (and up 520K from a year ago), smashing estimates of 6.9 million, moments ago the BLS reported that in May, the number of total job openings printed at 7.594 million, almost as if...

Indian Airlines Beg Refiners To Delay Jet Fuel Hikes Earlier we reported that after issuing a code red about a month ago, with several airlines warning they may run out of kerosene in weeks if not days, European refiners and airlines have since backtracked on their earlier warnings; instead they now have “almost zero” concerns that jet fuel could run out over summer. That's because, as we explained in "Where To Find The Next Phase Of The Global Energy Shock", where we showed that refiners have ramped up production away from...

President Donald Trump has threatened to cut off arms sales to Ukraine if NATO members do not join his coalition to reopen the Strait of Hormuz. While Trump halted military aid to Ukraine, he has continued to sell weapons to NATO members, who transfer the arms to Kiev. According to sources speaking with The Financial Times, […]